Itau Unibanco Holding S.a. · BMFBOVESPA:ITUB3
Itau Unibanco — Q1 2022 Earnings Presentation
18 slides from Itau Unibanco's earnings presentation, May 9, 2022
Slide 1: Earnings Review 1Q22
Itaú Unibanco Holding S.A. earnings review 1Q22 São Paulo, May 9th ,2022 1 Corporativo | Interno
Slide 2: Quarter highlights
quarter highlights 1Q22 vs. 4Q21 change recurring Consolidated R$ 7.4 billions 2.8% recurring Consolidated 20.4 % 0.2 p.p. managerial managerial ROE 0.1 p.p. Brazil R$ 6.7 billions 0.4% Brazil 21.0 % result credit Consolidated R$ 1,032.2 billions 0.5% efficiency Consolidated 41.8 % 1.3 p.p. portfoli
Slide 3: Corporate development
commercial Corporate partnerships venture capital distribution Corporate channels development Pathway to accelerate our cultural and digital transformation technology products & people M&A and Joint Ventures Corporativo | Interno 3
Slide 4: Client centricity
client centricity customer engagement Using Data and Technology to Improve Supply Audience Investment in 1 Segmentation and 2 Optimizing our 3 Technology and engagement Engagement Definition Data Science • Clustering with internal and market • Use of Machine Learning to identify the right • Single,
Slide 5: Credit portfolio
individual’s credit portfolio - credit Brazil in R$ billion portfolio 240 47.7% 347 53.3% individuals - collateralized² in R$ billions 52.3% 46.7% individuals - not collateralized Dec-19 Mar-22 reprofiled portfolio individuals, very small and small companies in R$ billion 12.7% 53.5 Mar-22 vs. Dec-2
Slide 6: Financial margin with clients
financial margin with clients change in the financial margin with clients in R$ billions R$3.9 bn (+23.9%) R$133 mi (+0.7%) 19.9 19,9 18.3 0,7 0.7 0,3 0.3 (0,3) (0.3) (0,3) (0.3) (0,3) (0.3) 18,3 18.3 1.7 1,7 20,0 20.0 16.2 18,3 (1.6) (1,6) 1Q21 4Q21 working spread- average product fewer spreads and
Slide 7: Financial margin with the market
financial com margin o mercado with the market 1-year moving average Brazil¹ Latin America² 2.0 capital index hedge 1.9 1.8 in R$ billions 1.7 1.6 1.4 1.3 1.3 1.2 1.2 2.5 1.3 1.4 2.0 1.9 1.3 1.6 1.3 1.0 0.7 0.8 0.7 1.5 1.1 0.4 1.1 1.0 1.5 1.3 0.6 1.0 0.6 0.4 0.6 0.3 0.5 0.5 0.6 0.7 0.5 - 0.4 4Q19 1Q
Slide 8: Commissions and insurance
commissions insurance4 (evolution vs 1Q21) and insurance earned premiums (in R$ billion) 19.0% 3.8 p.p. in combined ratio in R$ billions 1,271 4.0 p.p. in claims ratio 1,068 1Q21 1Q22 transaction volumes with cards (in R$ billion) 29.8% 22.7% ¹ 1Q22 vs. 1Q21 1Q22 vs. 1Q21 issuer acquiring 176 162 13
Slide 9: Credit quality
credit quality 3.9% 15 - 90 days NPL % 90 days NPL % 3.5% 3.7% 3.4% 3.5% 3.0% 2.9% 2.6% 2.7% 2.7% 2.7% 2.8% 2.8% Brazil 2.3% 2.5% 2.3% 2.6% 2.5% 3.1% 2.3% 2.3% 2.2% 2.9% 3.0% 3.0% total 1.9% 2.0% 2.6% 2.5% 2.6% 2.4% 2.0% 1.7% 1.8% 2.1% 2.3% 2.3% 2.3% 2.3% 2.4% 2.4% 1.8% 1.9% 2.0% 2.0% Latin America
Slide 10: Cost of credit
cost of credit cost of credit¹ (in R$ billions) coverage ratio – NPL 90 days (%) average annualized cost of credit/ loan portfolio² - (%) coverage ratio retail Brazil Dec-15 a Dec-19 922% 3.3% 835% 167% 2.8% 2.7% 2.2% 2.5% 1.9% 2.1% 443% 588% 599% 430% 7.0 298% 355% 248% 240% 283% 5.8 v 6.0 6.2 241%
Slide 11: Non-interest expenses
non-interest expenses in R$ billions 1Q22 1Q21 D 4Q21 D salary efficiency ratio readjusment personnel (5.3) (4.9) 8.1% (5.4) -1.4% 10.97% 46.3% 44.6% 44.4% administrative and other (1) (5.5) (5.5) -0.1% (5.7) -3.8% IPCA 41.8% 11.3% 44.8% total - Brazil (10.8) (10.4) 3.8% (11.1) -2.7% 43.2% 42.9% con
Slide 12: Capital
capital + 0.5% - 0.5% 12.5% 11.3% - 0.2% 11.1% 1.4% 1,7% 11,3% 11.1% Dec-21 net income in the risk-weighted acquisition of Itaú Mar-22 Mar-22 common equity quarter and interest assets1 Corpbanca Colombia common equity Tier I capital Tier I (CET I) on own capital and voluntary Tier I (CET I) severanc
Slide 13: 2022 guidance
We kept unchanged our 2022 guidance 2022 guidance Consolidated Brazil¹ total credit portfolio² between 9.0% and 12.0% between 11.5% and 14.5% financial margin with clients between 20.5% and 23.5% between 22.0% and 25.0% the hedge of the capital ratio financial margin with the market between R$1.0 bn
Slide 14: Earnings Review 1Q22
Itaú Unibanco Holding S.A. earnings review 1Q22 São Paulo, May 9th ,2022 14 Corporativo | Interno
Slide 15: Additional information
additional information informações adicionais 15 Corporativo | Interno
Slide 16: Results
results in R$ billions 16 Corporativo | Interno 16
Slide 17: Business model
business model The allocation of principal capital (Common Equity Tier 1) in the bank’s business is made at 12%, according to our risk appetite. in R$ billions (1) Revenues from Insurance includes the Revenues from Insurance, Pension Plan and Premium Bonds Operations before Retained Claims and Selli
Slide 18: Earnings Review 1Q22
Itaú Unibanco Holding S.A. earnings review 1Q22 São Paulo, May 9th ,2022 18 Corporativo | Interno
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