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Investor Relations | page 1 Investor Relations | 1
Investor Relations | page 2 Investor Relations | 2
Investor Relations | page 3 Investor Relations | 3
Investor Relations | page 4 Investor Relations | 4
Investor Relations | page 5 Investor Relations | 5
Wholesale and Wealth Management
Audit Committee
Gabriel Jorge FerreiraChairman
Members
Board of Directors
Pedro MalanChairman
Pedro Moreira SallesVice-Chairman
Board Members
CEO
Pedro Moreira Salles
Retail
Organizational Structure
Prominent Board Members Independent Audit Committee
Legal and Tax Planning, Control, Operations and IR
TreasuryInsurance and PensionsHR and Communication
Risk, Compliance and Operational Efficiency
Guilherme A. Ferreira
Israel Vainboim
Pedro Bodin
Armínio Fraga
Joaquim F. Castro Neto
João DionisioFrancisco Pinto
Israel VainboimEduardo A. GuimarãesGuy Almeida Andrade
Marcos LisboaGeraldo TravagliaClaudia Politanski
Demosthenes Madureira
Márcio Schettini José Rudge Daniel Gleizer
Investor Relations | page 6 Investor Relations | 6
Investor Relations | page 7 Investor Relations | 7
Investor Relations | page 8 Investor Relations | 8
Investor Relations | page 9 Investor Relations | 9
Investor Relations | page 10 Investor Relations | 10
Individuals
Car Loans
Corporate
Total Portfolio
Loan Portfolio Growth
Credit Cards
Consumer Finance Companies
Sep-06Jun-07Sep-07
R$ Million
Mortgages
SMEs
Large Corporate
Portfolio highlights
Quarter %
12 months
8.2
24.6
29.0
70.6
5.7 20.6
12.1 42.820,883
30,761
51,644
5,412
2,762
31.25.0
14.49.7
1,586 11.62.8
9,729 37.112.1
21,032 13.72.7
5,759
Payroll36.29.71,400Own portfolio
319.144.32,285Acquired portfolio
Other branch network loans 1.6 23.95,499
31.2 152.43,685
16,383
26,940
43,323
4,330
2,649
1,460
7,955
18,985
4,205
1,128
787
4,507
1,915
23,402
32,500
55,902
5,680
3,030
1,630
10,909
21,591
7,175
1,536
3,298
5,586
4,834
Investor Relations | page 11 Investor Relations | 11
Credit: UBB x Brazilian Financial System
100
107 117
125
105
119
129
Jun-07 Sep-07Sep-06 Dec-06
Brazilian Financial System
Credit Evolution
Sep-06 = 100
Investor Relations | page 12 Investor Relations | 12
Personal Loans – Mix of Brazilian Financial System
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Dec
/01
Apr/0
2
Sep/
02
Feb/
03
Jul/0
3
Dec
/03
May
/04
Oct
/04
Mar
/05
Aug/0
5
Jan/
06
Jun/
06
Dec
/06
Jan/
07
Feb/
07
Mar
/07
Apr/0
7
May
/07
Jun/
07
Jul/0
7
Aug/0
7
Sep/
07
Overdraft Loans
Personal Loans
Payroll Loans
Vehicles
Mortgage Loans
Credit Cards
Others
Durable Goods Financing - Others
37%
63%
Investor Relations | page 13 Investor Relations | 13
Investor Relations | page 14 Investor Relations | 14
Investor Relations | page 15 Investor Relations | 15
Sep-06 Sep-07
4,205
7,175
+70.6%
3Q06 = 100
Auto Financing
3Q07 3Q07
MarketMarket
Cars + Trucks & Buses Loans
Focus: New Cars (Financed Units) Focus: New Trucks & Buses (Financed Units)
R$ Million
3Q06 = 100
31%47%
69%53%
New vehicles
Used vehicles
352
143149
139
Investor Relations | page 16 Investor Relations | 16
Wholesale Highlights
Export Foreign Exchange
BNDES
Equity Research
Origination and
Distribution
As a financial agent for BNDES, Unibanco disbursed R$3 billion during
9M07, maintaining its 3rd place in the BNDES overall ranking
58% growth in Equity average daily trade volume
3rd place in Fixed Income Anbid Ranking
One of the Top 10 Research Houses in the 2007 All-Brazil Research Team ranking, from Institutional Investor magazine - Awards to the analysts of the Consumer Goods and Banking and Financial Services Sectors
Volume of US$ 6.6 billion in 9M07
Investor Relations | page 17 Investor Relations | 17
R$ billion
Distribution by Segment
Total: R$ 48.7 billion
Corporate 4.7
10%
Institutional 9.4
19%Private 7.6
16%
Own Distribution 12.4
25%
Retail 14.6
30%
26.9
Dec-03
33.0
Dec-04
37.4
Dec-05
43.8
Dec-06
48.7
Sep-07
Assets Under Management
Unibanco Asset Management
R$ billion
September 2007
81.0%
11.2%
Investor Relations | page 18 Investor Relations | 18
Investor Relations | page 19 Investor Relations | 19
9M07
2,621
1,885
736
Net income
Recurring net income
Result from non recurring events
R$ Million
Performance
33.7%
24.5%
ROAE
ROAE before non recurring events
3Q07
1,199
667
532
50.2%
26.5%
Investor Relations | page 20 Investor Relations | 20
Net Income
Results from non recurring events
Income Statement SummaryR$ Million
Gross Profit from Financial Intermediation
Personnel and Administrative Expenses
Fees from Services Rendered
Provisions for Loan Losses
Net Profit from Financial Intermediation
Net Income before non recurring events
2Q07
2,076
910
(1,417)
1,045
841
(545)
2,621
203
638
Tax Rate 24%
3Q07 3Q06 9M069M07
7,231
(1,889)
5,342
2,600
(4,109)
2,626
(460)
1,174
21%
1,634
Operating Income before non recurring events
106
2,481
(579)
1,902
885
(1,434)
911
(460)
21%
566
6,060
2,704
(4,215)
3,006
2,621
(1,629)
7,689
736
1,885
24%
2,100
925
(1,414)
1,024
1,199
(560)
2,660
532
667
22%
Other Operating Income (Expenses) (524) (1,207)(442) (1,543)(587)
Investor Relations | page 21 Investor Relations | 21
-
Gain on Redecard’s IPO 680
(128)
-
(20)
532
R$ Million
285
-
(572)
(47)
(142)
203
285
680
(699)
(47)
(162)
736
- 679 679
2Q073Q07 9M07
Result from non recurring events
Non Recurring Events(1)
(1) Net of taxes
Other provisions
Result from the sale of Serasa's stake
Provision for loan losses
Change in participation on our subsidiary UPS
Labor, civil, and fiscal provisions
Non Recurring Events
Investor Relations | page 22 Investor Relations | 22
Annualized ROAE Stockholders’ Equity (R$ Bln)
Net Income(1)
Operating Income(1)
PerformanceR$ Million
9.0
3Q05
11.6
3Q07
9.6
3Q06 9M06 9M079M05
9.6
11.6
(1) Before non recurring events
Performance
23.3%
24.8%
26.5(1)%
24.5(1)%
23.1%
21.3%
9.0
3Q07/3Q063Q07 9M07 9M07/9M06
3,006
1,885
1,024
667
12.4%
17.8%
14.5%
15.4%
Investor Relations | page 23 Investor Relations | 23
ROAE EvolutionR$ Million
(1) Before non recurring events
Annualized ROAE (%) Stockolders’ Equity (R$ bi)
21.0%
25.8%
9.9
24.8%
8.4
16.1%
7.9
25.1%
10.3
1Q072Q06 3Q06 4Q061Q051Q04
9.89.6
1Q06
9.5
24.0%24.7%
23.0%23.3%
24.2%
8.7
2Q05 3Q05
9.0
4Q05
9.3
2Q07 3Q07
10.8
11.6
26.7(1)% 26.5(1)%
Investor Relations | page 24 Investor Relations | 24
Destaques
Total loan portfolio growth:
8.2% QoQ (6.8% in the Brazilian Financial System)
29.0% YoY (24.8% in the Brazilian Financial System)
Payroll loans: 31.2% QoQ (152.4% YoY)
Auto Loans: 24.6% QoQ (70.6% YoY)
SMEs: 12.1% QoQ (37.1% YoY)
Loan Portfolio
13.8% reduction in provision for loans losses expenses, 9M07 vs 9M06
Better ratio of D to H portfolio over total loans (4.9% vs 6.7% in September 2006)
Better ratio of non-accrual portfolio over total loans (4.1% vs 5.4% in September 2006)
118% non-accrual loan portfolio coverage (past due and falling due credits)
Asset Quality Improvement
Stocks Unibanco ADTV(1) (Bovespa + NYSE): R$466 million in 3Q07 versus R$150 million in
3Q06, a 211% increase
Market Capitalization(2): R$37.7 billion
OperationalEfficiency
1.4% reduction in Personnel and Administrative Expenses in 3Q07 compared to 3Q06 Personnel and Administrative Expenses for companies under Unibanco’s direct
management: 1.0% variation compared to 3Q06 1.6% variation from 9M06
Better ratio of Cost to Assets (4.4% in 3Q07 versus 5.9% in 3Q06)
Highlights
(1) Average Daily Trading Volume
(2) As of November 6th, 2007
Investor Relations | page 25 Investor Relations | 25
Financial Indicators
Net Profit from Financial Intermediation(R$ Million)
Total Assets (R$ Billion) Loan Portfolio (R$ Billion)
Earnings per Share (R$)
1,902
2,100
0.21
0.24(1)
0.201,957
1,884 0.21
Dec-06
3Q06 4Q06 1Q07 2Q07
Mar-07 Jun-07Dec-06 Mar-07Sep-06 Sep-06Jun-07 Sep-07 Sep-07
3Q07
2,076 0.23(1)
(1) Before non recurring events
104
134
45102
56
43
115 47
130 52
3Q06 4Q06 1Q07 2Q07 3Q07
Investor Relations | page 26 Investor Relations | 26
5.8%
R$ Million
5.5% 5.9%
2Q073Q07 9M07
Treasury Gains / Gross profit from financial intermediation
Treasury Gains
9M063Q06
6.6% 4.4%
Financial margin from treasury (A) 172 136
2,621 2,481
2,076 1,902
154
2,660
2,100
452
7,689
6,060
316
7,231
5,342
Gross profit from financial intermediation (B) Net profit from financial intermediation (C)
7.3% 7.2% 7.5%Treasury Gains / Net profit from financial intermediation
8.3% 5.9%
(A/B)
(A/C)
Investor Relations | page 27 Investor Relations | 27
Wholesale
Retail
R$ Million
Loan Portfolio Growth
Brazilian Financial System
23.2% 29.0%8.2%
16.6% 24.8%6.8%
9M07 Quarter 12 months
29.0%
Jun-07 Sep-07
8.2%
Sep-06
51,644
59%
41%
55,902
61%
39%
43,323
56%
44%
Investor Relations | page 28 Investor Relations | 28
Financial Margin After Provision Financial Margin
Provision for Loan Losses / Financial Margin
-800 b.p.
14.25%
11.25%
Selic Rate
Financial Margin
20.8%
27.2%
3Q073Q06 1Q071Q06
21.8%
2Q07
29.1%
4Q05
23.3%
21.1%
3Q06 3Q07
9.0%10.6%
8.1%
7.1%
2Q07 2Q06
27.9%8.5%
6.7%
Investor Relations | page 29 Investor Relations | 29
Asset Quality
D to H Portfolio / Loan Portfolio
Coverage Non-Accrual Portfolio
Coverage D to H Portfolio
Sep-06 Jun-07 Sep-07
100%
Sep-06 Jun-07 Sep-07
115%
5.2%
Sep-06 Jun-07 Sep-07
6.7%
4.9%
99%
87%
118%
109%4.5%
Sep-06 Jun-07 Sep-07
5.4%
4.1%
Non-Accrual Portfolio / Loan Portfolio
Investor Relations | page 30 Investor Relations | 30
Total Funding (A)
Demand Deposits
Savings Deposits
Core Deposits CDs
Core Deposits
Time Deposits + Debentures
Assets Under Management (B)
Total Funding + AUM (A+B)
Total Deposits + Debentures
R$ Million
Sep-07 Jun-07 Sep-06
Funding and AUM
Other Funding
86,12389,259 70,111
4,626
8,045
5,149
17,820
28,984
133,650
46,804
47,527
4,160
8,832
4,982
17,974
48,665
29,757
137,924
47,731
4,470
5,558
4,648
14,676
29,130
112,586
43,806
42,475
39,31941,528 26,305
Investor Relations | page 31 Investor Relations | 31
R$ Million
AdministrativeExpenses
Personnel Expenses
Personnel and Administrative Expenses
Companies under Unibanco´s direct management
3Q06
2.7%
1.0%
9M079M06
1.6%
2,349
1,630
3,979
2,349
1,567
3,916
3Q072Q07
791
567
1,358
781
541
1,322
823
522
1,345
2,349
Investor Relations | page 32 Investor Relations | 32
Fees from Services Rendered
R$ Million
Total fees from services rendered
Banking fees and commissions
Credit Cards(1)
Assets under management
2Q073Q07 3Q06
Serasa(3)
Subtotal
Other fees
(1) Hipercard + Unicard
9M07 9M06
(2) In 3Q07, Unibanco changed its participation in Redecard from 31.9% to 23.2%
Redecard(2)
(3) In 3Q07, Serasa’s result was accounted by the equity income method
492
89
910
493
90
885
141 114
37 35
816 794
94 97
556
88
925
144
-
881
93
1,530
257
2,704
406
71
2,470
277
1,384
277
2,600
323
96
2,270
286
57 5644 163 234
Investor Relations | page 33 Investor Relations | 33
Efficiency
Revenues
R$ Million
Efficiency Ratio Expenses
3Q073Q04
2,988
1,414
3Q05
2,136
1,308
3Q06
2,575
1,323
2,913
1,434
61.2%
47.3%
51.4%49.2%6.5%
4.4%
6.3%5.9%
Cost to Assets
Investor Relations | page 34 Investor Relations | 34
Investor Relations | page 35 Investor Relations | 35
Investor Relations | page 36 Investor Relations | 36(*) As of November 6th, 2007
Sep-06 Dec-06 Mar-07 Sep-07Jun-07
UBB178
UBBR11 157
R$37.7 billion
Unibanco’s Market Cap(*)
Stocks
Units (UBBR11) and GDSs (UBB)
(1) Valid from December 2006 to November 2007.
Ibovespa 2.278
IBrX-50 3.482
ISE Sustainability Index(1) 5.884
UBBR11Sep to Dec 07 Sep to Dec 06
1.881
3.550
5.884
100
May to Aug 05(2)
0.984
2.955
N/A
Index Weighting (%)
(2) Inclusion in Ibovespa.
Investor Relations | page 37 Investor Relations | 37
R$ Million
Average Daily Trading Volume(Bovespa and NYSE)
Units and GDSs
2Q07
254
85
339
151
16
20011997
121
13
121
13
1999
Units (UBBR11)
GDSs (UBB)
2006
144
31
175
3Q07
362
466
104
2005
65
1984
2003
25
283
172
43
215
1Q07
42%
22%
37%
Investor Relations | page 38 Investor Relations | 38
Broker dealer
Use Unibanco’s resources available from the “Revenue Reserve” account
6 months, from August 10th, 2007 on
Company’s Objective
Unibanco Investshop Corretora de Valores Mobiliários S.A.
Authorized dates for the program
Stock Repurchase Program
2Q07 1Q07Stock Repurchase Program 2Q06Amountin Units
Average Price R$/Unit
3,283,100
885,000
4,168,100
21.28
25.25
22.13
Repurchase in 3Q07
Repurchase in October 2007
Total repurchased until October 23rd
Investor Relations | page 39 Investor Relations | 39
Investor Relations | page 40 Investor Relations | 40
Moreira Salles Group
Float Units + GDS
Others
Total
525,398
1,074,053
28,338
1,627,789
Unibanco Holdings
Float Units + GDS
Others
Total
1,627,789
1,074,432
98,137
2,800,358
19%
38%
1%
58%
58%
38%
4%
100%
PNUnibanco Holdings
PN Unibanco
+ UNITs76.7%
Shareholders’ Structure
% of Unibanco shares
% of Unibanco shares
Thousands of Shares
1 GDS=10 Units
Investor Relations | page 41 Investor Relations | 41
Investor Relations | page 42 Investor Relations | 42
Ratings
Investor Relations | page 43 Investor Relations | 43
Unibanco Ratings
Fitch Ratings
Unibanco
BB+
Foreign Currency
Brazil
Long Term
Short Term
BBB-
B
F3
BB+
Local Currency
Brazil
Long Term
Short Term
-
Unibanco BBB- F3
Standard and Poor’s
Unibanco
BB+
Foreign Currency
Brazil
Long Term
Short Term
BB+
B
B
BBB
Local Currency
Brazil
Long Term
Short Term
A-3
Unibanco BB+ B
Moody’s
Long TermDebt
Long Term Deposits
Short Term Deposits
Financial Strength
Unibanco Baa3(1) NP B-Ba2
Brazil Baa3 Ba2 NP
Global Scale: Foreign Currency Global Scale: Local Currency
Long Term Deposits
Short Term Deposits
Unibanco P-1A1
Brazil A1 -
(1) The Baa3 rating was attributed to the US$2 billion MTN Programme (Medium Term Note Programme) of Unibanco - União de Bancos Brasileiros, to the R$325 million notes indexed to the IGP-M (General Market Price Index) and payable in US dollars issued by Unibanco Grand Cayman Branch in February 2005, and to the Perpetual Bond issued by Unibanco Grand Cayman Branch in July 2005.
-
Investor Relations | page 44 Investor Relations | 44
Investor Relations | page 45 Investor Relations | 45
Investor Relations | page 46 Investor Relations | 46
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