Banco Do Brasil S.a. · BMFBOVESPA:BBAS3
Banco Do Brasil — Q1 2024 Earnings Presentation
21 slides from Banco Do Brasil's earnings presentation, May 9, 2024
Slide 1: Earnings
#interna Earnings For further info Point your mobile for MD&A 1Q24
Slide 2: The best first quarter in history
#interna The best first Consistent quarter in history Results Discipline in executing the ROE (%) strategy Adjusted Net Income 1Q24 21.7 R$ 9.3 Businesses integrated into the billion BB conglomerate Value to +8.8% 1Q24 / 1Q23 shareholders Generation of R$ 20.4 billion Value Added to Society in 1Q24
Slide 3: Robust Governance that supports decision-making and long-term strategy
Robust Governance that supports decision-making and long-term strategy Decision-Making Process 50.0% Federal Participatory and diverse Government 0.4% Treasury Sharing management with 49.6% Minority shareholders Free Float With employee representative in More than Administrative Council 1 million In
Slide 4: Diversification of results: the relevance of the conglomerate's operations
#interna Diversification of results: the relevance of the Diversified conglomerate’s operations Businesses Banking Services Fee Income Asset R$ 8.3 Launch | BBIG11 Management BB Premium Malls R$ 1 billion reserved Non-financial Services billion Green Consortia Payment R$ 3,7 billion in quotas Method
Slide 5: Granting credit is believing in people
Granting credit is believing in people Loan Portfolio Expanded View Leader in Delinquency payroll below R$ 1.14 loans and agribusiness average banking industry trillion Mix between risk and Absolute care for our shareholders’ +10.2% Mar24 / Mar23 adequate capital return Support for individual micro-
Slide 6: Deliver today, Banco do Brasil of the future
Deliver today Banco do Brasil of the future 1. Relationship innovation Bringing the best of the digital experience to our physical locations Ponto BB +phygital +experience +diversification Cost sharing with partners Offering products and services from a new perspective 2. The BB Employee as an agent
Slide 7: Our strength in agriculture and partnership with rural customers
#interna Our strength in agriculture and partnership with rural customers Agribusiness Loan Portfolio R$ 372.5 Crop Plan Historic Record A bank for each producer More than 200 Agribusiness fairs 2024 More than R$ 13 billion¹ billion cultures and Prospected R$ 200 billion¹ activities businesses disbu
Slide 8: The first bank with an ESG goal in the guidance
#interna The first bank with an ESG goal in the guidance Sustainable Loan Portfolio R$ 359.1 billion +9.3% Mar24 / Mar23 Guidance ESG 2024 Sustainable Loan 5% a 9% Portfolio 8 | 21
Slide 9: 1Q24 Performance
1Q24 Performance
Slide 10: Earnings Highlights
Adjusted Net 9.3 +8.8% Income 1 R$ billion 1Q24/1Q23 Earnings Highlights Net Interest 25.7 +21.6% Income R$ billion 1Q24/1Q23 Q Fee 8.3 +2.6% Income R$ billion 1Q24/1Q23 Administrative -8.9 +4.9% 2 Expenses R$ billion 1Q24/1Q23 Loan Portfolio 1.14 +10.2% Expanded View R$ trillion Mar24/Mar23 4 NPL +
Slide 11: Adjusted Net Income
#interna Adjusted Net Income R$ billion 21.0 22.5 21.7 ROE % +8.8% -1.5% 9.4 9.3 8.5 1Q23 4Q23 1Q24 11 | 21
Slide 12: Net Interest Income
#interna Net Interest Income R$ million (%) Accounting View 1Q23 4Q23 1Q24 1Q24 / 1Q23 1Q24 / 4Q23 Net Interest Income 21,161 25,769 25,734 21.6 -0.1 Loan Operations 32,304 35,146 34,299 6.2 -2.4 Treasury¹ 10,086 13,353 11,962 18.6 -10.4 Funding Expenses (18,073) (19,532) (17,285) -4.4 -11.5 Financi
Slide 13: ALLL Expanded View
#interna ALLL Expanded View R$ million (%) 1Q23 4Q23 1Q24 1Q24 / 1Q23 1Q24 / 4Q23 ALLL Expanded View (5,855) (9,983) (8,541) 45.9 -14,4 Credit Risk (4,148) (10,413) (10,000) 141.1 -4.0 Recovery of Write-offs 1,889 2,105 1,991 5.4 -5.4 Impairment (3,237) (1,230) (198) -93.9 -83.9 Discounts Granted (3
Slide 14: Loan Portfolio Expanded View
#interna Loan Portfolio Expanded View¹ R$ billion NPL +90d and Coverage (%)² +10.2% +2.7% 202.7 201.3 199.1 196.7 196.0 Coverage 1,108.6 1,138.1 2.62 2.73 2.81 2.92 2.90 1,032.8 NPL +90d Mar/23 Jun/23 Sep/23 Dec/23 Mar/24 NPL Formation (%)² 52.9 112.0 110.2 113.8 104.9 Coverage NPL(%)³ 359.1 0.88 0.
Slide 15: Individuals Loan Portfolio
#interna Individuals Loan Portfolio R$ billion NPL +90d Individuals (%) +5.8% 5.39 5.27 5.02 4.79 4.77 +1.4% 300.1 313.1 317.4 Mar/23 Jun/23 Sep/23 Dec/23 Mar/24 Payroll Loan R$ 131 billion + 10.3% Mar24/Mar23 Individuals Coverage (%) Payroll Loan for civil servants and 161.0 169.1 171.8 170.5 retir
Slide 16: Companies Loan Portfolio
#interna Companies Loan Portfolio R$ billion NPL +90d Companies (%) +8.5% +0.7% 3.04 3.37 3.19 2.13 2.58 390.8 393.5 362.7 Mar/23 Jun/23 Sep/23 Dec/23 Mar/24 214.0 212.2 Working Capital 204.5 + 6.5% Corporate Mar24/Mar23 Companies Coverage (%) 117.2 119.6 Investments 321.1 SME 106.2 273.3 243.9 234.
Slide 17: Agribusiness Loan Portfolio
#interna Agribusiness Loan Portfolio R$ billion NPL +90d Agribusiness (%) +15.5% +4.8% 0.96 1.19 0.59 0.58 0.71 355.3 372.5 322.5 Mar/23 Jun/23 Sep/23 Dec/23 Mar/24 Medium and Agribusiness Coverage (%) Large Producer + 16.0% Mar24/Mar23 217.6 232.8 214.5 186.3 178.3 Mar/23 Dec/23 Mar/24 Mar/23 Jun/2
Slide 18: Fee Income and Administrative Expenses
#interna Fee Income and Administrative Expenses R$ billion Fee Income Administrative Expenses +2.6% +4.9% -4.6% -4.0% 8.7 8.3 Asset 8.1 -9.3 -8.9 Management -8.5 + 5.8% 1Q24/1Q23 (6.0) (5.9) (5.6) Insurance, pension plans & premium bonds (2.8) (3.2) (3.0) + 11.5% 1Q23 4Q23 1Q24 1Q24/1Q23 1Q23 4Q23 1
Slide 19: Capital
#interna Capital 16.19 Tier II 15.47 15.13 Bis 14.60 Ratio Tier I 13.91 13.88 (%) CET 1 12.01 12.12 11.90 Mar/23 Dec/23 Mar/24 CET 1 (%) 0.49 (0.02) (0.16) 12.12 (0.53) 11.90 Net Income MtM + Prudential RWA Dec/23 - Dividends FX Variation + Mar/24 Adjustments Changes in Shareholders Equity 19 | 21
Slide 20: Guidance
Guidance Guidance Observed 2 2024 1Q24 Loan Portfolio¹ 8% to 12% 9.5% Individuals 6% to 10% 5.8% Companies 7% to 11% 6.8% 0 Agribusiness 11% to 15% 15.5% Net Interest Income 7% to 11% 21.6% R$ billion R$ billion ALLL Expanded View -30 to -27 -8.5 2 Fee 4% to 8% 2.6% Income Administrative Expenses 6%
Slide 21: bb.com.br/ir
#interna bb.com.br/ir