Banco Do Brasil S.a. · BMFBOVESPA:BBAS3
Banco Do Brasil — Q4 2024 Earnings Presentation
21 slides from Banco Do Brasil's earnings presentation, Feb 20, 2025
Slide 1: Earnings Release
#Pública Imagem do QR Code Click or read the QR Code for Earnings MD&A 4Q24 Release
Slide 2: Commitment and value generation
Commitment and value generation Adjusted Net Income R$ billion 2024 Guidance +6.6% from R$ 37 to 37.9 40 billion 35.6 21.4% ROE 2024 R$ 85.4 billion Value Added to Society in 2024 2023 2024 2 | 21
Slide 3: We support our customers and strengthen our leadership
#Pública We support our customers and strengthen our Individuals leadership R$ 336.0 billion +7.3% Dec24/Dec23 Payroll Loans Payroll Loans for Pensioners 20.5% +53% 1,278.3 Dec24 Dec24/Dec23 Companies 1,108.6 R$ 461.1 billion Loan Portfolio +18.0% Dec24/Dec23 Expanded View SMEs Corporates R$ 1.3 tri
Slide 4: Ensuring business sustainability
Ensuring business sustainability ... and in 2025 +technology and proximity in 2024... Acceleration 2.0 3 times more prioritized lines of business +108% NPS Increase in investment in technology The best in history, with growth (2024 and 23 / 2022 and 21) in all segments New Ponto BB Expansion of the
Slide 5: We care about sustainability
#interna Recognized as the We care Most Sustainable Bank in the World for the 6th time about sustainability Sustainable Loan Portfolio R$ 387 billion +12.7% Dec24/Dec23 First bank to provide guidance for a sustainable portfolio Sustainable funding R$ 6.6 billion raised in 2024 Carbon Credit Código Q
Slide 6: Economic Outlook
#interna 2025 Economic Outlook 2025e GDP Brazil 2.2 (Var. % yoy) ¹ Unemployment 7.4 (% yoy) ² Exchange rate 6.00 R$/US$ ² SELIC rate 15.25 (% yoy) ² Inflation (IPCA) 5.6 (% yoy) Projections: BB/Economic Advisory. (1) Annual average. (2) End of period. 6 | 21
Slide 7: Beyond the guidance
#interna Intensify support Continue being for SMEs with leader in Grow safely in Regain growth financial Payroll Loans, Non-payroll in credit cards solutions, to across all its Loans with focus on ensure segments principality sustainable 2025 growth beyond the guidance Continue Strengthen Continue a
Slide 8: Watch the earnings presentation commented by our CFO
#Pública Click or read the QR Code to watch the earnings presentation commented by our CFO 8 | 21
Slide 9: Guidance
#Pública Guidance 2 Observed Released 2024 Loan Portfolio¹ 8% to 12% 11.7% Individuals 6% to 10% 7.3% Companies 7% to 11% 15.7% 0 Agribusiness 11% to 15% 11.9% Sustainable Portfolio 9% to 13% 12.7% Net Interest Income 10% to 13% 11.2% 2 R$ billion R$ billion ALLL Expanded View -37 to -34 -35.7 Fee I
Slide 10: Adjusted Net Income
#Pública 2024 Guidance Adjusted Net Income Observed in 2024 R$ 37.9 bn R$ 37 to 40 bn R$ billion ROE 22.5 21.1 20.8 21.6 21.4 % +1.5% +6.6% +0.7% 37.9 35.6 9.4 9.5 9.6 4Q23 3Q24 4Q24 2023 2024 10 | 21
Slide 11: Net Interest Income
#Pública 2024 Guidance Net Interest Income Observed in 2024 11.2% 10% to 13% R$ billion +4.0% +11.2% +3.6% 103.9 93.5 25.8 25.9 26.8 81.7 80.3 Margin with Clients 20.2 20.8 20.8 Margin with the Market 5.6 5.1 6.0 13.2 22.2 4Q23 3Q24 4Q24 2023 2024 Variation (%) Variation (%) R$ million 4Q23 3Q24 4Q2
Slide 12: Loan Portfolio Expanded View
#Pública 2024 Guidance5 Loan Portfolio Expanded View¹ Observed in 2024 11.7% 8% to 12% R$ billion NPL +90 days and Coverage Index (%)² +15.3% +6.1% Coverage 196.7 196.0 191.3 177.6 171.3 1,278.3 2.92 2.90 3.00 3.33 3.32 1,204.8 NPL +90d 1,108.6 Dec/23 Mar/24 Jun/24 Sep/24 Dec/24 NPL formation (%)² A
Slide 13: Individuals Loan Portfolio
#Pública 2024 Observed 2024 Guidance Individuals Loan Portfolio 7.3% 6% to 10% R$ billion Individuals NPL +90 days (%) +7.3% 4.79 4.77 4.81 5.03 4.66 Payroll Loan +2.4% R$ 139 billion +9.8% Dec24/Dec23 Dec/23 Mar/24 Jun/24 Sep/24 Dec/24 328.3 336.0 313.1 Non-Payroll Loan R$ 44 billion +6.4% Individu
Slide 14: Companies Loan Portfolio
#Pública 2024 Observed 2024 Guidance Companies Loan Portfolio 15.7% 7% to 11% R$ billion *does not consider Government portfolio +18.0% Companies NPL +90 days (%) +9.4% 3.37 3.19 3.38 3.58 3.51 461.1 421.6 390.8 Corporate Dec/23 Mar/24 Jun/24 Sep/24 Dec/24 +20.7% 258.2 Dec24/Dec23 226.6 Corporate 21
Slide 15: Agribusiness Loan Portfolio
#Pública 2024 Observed 2024 Guidance Agribusiness Loan Portfolio 11.9% 11% to 15% R$ billion +11.9% +2.9% Agribusiness NPL +90 days (%) 1.97 2.45 397.7 0.96 1.19 1.32 386.6 355.3 Working Capital for Input Purchase R$ 128 billion Dec/23 Mar/24 Jun/24 Sep/24 Dec/24 +18.6% Dec24/Dec23 Agribusiness Cove
Slide 16: ALLL Expanded View
#interna 2024 Guidance ALLL Expanded View Observed 2024 R$ -35.7 bn R$ -37 to 34 bn R$ billion 4.2 4.0 Cost of 3.5 credit1 -7.2% +16.9% -8.2% (35.7) (10.1) (30.5) (10.0) (9.3) Credit Risk (41.4) (32.2) (10.4) (11.6) (10.2) Discount Granted (1.7) (0.4) (4.9) (2.0) Impairment (1.2) (0.7)(0.4) (0.6)(0.
Slide 17: Fee Income
#Pública 2024 Observed 2024 Guidance Fee Income 4.9% 4% to 8% R$ billion Asset Management +5.1% +4.9% R$ 9.3 billion +11.6% 2024/2023 +1.1% 33.8 35.5 Insurance, Pension Plans and Premium Bonds R$ 5.9 billion +10.4% 2024/2023 8.7 9.1 9.2 Consortium R$ 3.0 billion +17.4% 2024/2023 Capital Market R$ 71
Slide 18: Administrative Expenses
#Pública 2024 Observed 2024 Guidance Administrative Expenses 4.4% 5% to 7% R$ billion Annual evolution with a focus on Cost-to-income Ratio 12m investments in innovation and business. 25.6% +60.2% (37.0) (35.5) Investments in (2.2) +2.7% +4.4% innovation (1.4) and digital +1.4% transformation (35.5)
Slide 19: Capital
#Pública Capital 15.47 14.66 13.75 Bis Tier II 13.91 13.51 12.66 Ratio Tier I 12.12 11.77 10.89 (%) CET 1 0 Dec/23 Sep/24 Dec/24 0.40 (0.40) (0.27) (0.61) CET 1 (%) 11.77 10.89 CET 1 – Net MtM + Prudential Income exchange rate Adjustments RWA CET 1 – Sep/24 variation + Other Dec/24 variations on sha
Slide 20: Guidance 2025
#Pública Guidance Range 2 between Loan Portfolio¹ 5.5% and 9.5% Individuals 7% and 11% Companies 4% and 8% 0 Agribusiness 5% and 9% Sustainable Portfolio 7% and 11% Net Interest Income 111.0 and 115.0 R$ billion 2 Expected Loss ² 38.0 and 42.0 R$ billion Fee Income 34.5 and 36.5 R$ billion Impacts o
Slide 21: bb.com.br/ir
#Pública bb.com.br/ir