Itautec S.A.Ricardo SetbalItautec Investor Relations Officer

Objectives reached up to 06.30.06 Actions in Progress Financial Informations Corporate Governance Growth StrategyAgenda1

Reorganization of the Businesses Acquisition of Tallard Technologies (USA) Reduction of the operational cost of the company2Objectives reached up to 06.30.06

Solues e Automaes

Informtica

Servios

Philco

Itaucom

Operational Structure in 2005Current Operational Structure

Solutions and Automations

IT Products

Services

Solutions and Automations

IT Products

Services

Philco

Itaucom

3Reorganization of the BusinessesObjectives reached up to 06.30.06

Philco Sale to Gradiente for R$ 60 Million August/05 Final liquidation of the operation in February 20064Itaucom Segregation and closing of the Printed Circuit Board and Memory Encapsulation operation in November 2005.Objectives reached up to 06.30.06

5Objectives reached up to 06.30.06Focus in the Businesses of Bigger Aggregate Value

Plan1

Itautec S.A.

Areas of Activity

Solues e AutomaesInformticaServios

Automao BancriaMicrocomputadoresAssistncia Tcnica

Automao ComercialNotebooksOutsourcing

Auto-AtendimentoServidoresInfra-estrutura

Itec

Plan2

Plan3

Plan1

Solution and Automations

Banking Automation

Retail Automation

Self-Service

Plan2

Plan3

Focus in the Businesses of Bigger Aggregate Value6iSeriesObjectives reached up to 06.30.06

Plan1

Itautec S.A.

Areas of Activity

Solues e AutomaesInformticaServios

Automao BancriaMicrocomputadoresAssistncia Tcnica

Automao ComercialNotebooksOutsourcing

Auto-AtendimentoServidoresInfra-estrutura

Itec

Plan2

Plan3

Plan1

IT Products

Microcomputers

Notebooks

Servers

Itec

Plan2

Plan3

Plan1

Solution and Automations

Banking Automation

Retail Automation

Self-Service

Plan2

Plan3

7Objectives reached up to 06.30.06Focus in the Businesses of Bigger Aggregate Value

Plan1

Itautec S.A.

Areas of Activity

Solues e AutomaesInformticaServios

Automao BancriaMicrocomputadoresAssistncia Tcnica

Automao ComercialNotebooksOutsourcing

Auto-AtendimentoServidoresInfra-estrutura

Itec

Plan2

Plan3

Plan1

Servios

Technical Assistence

Outsourcing

Infrastructure

Plan2

Plan3

Plan1

Solution and Automations

Banking Automation

Retail Automation

Self-Service

Plan2

Plan3

Plan1

IT Products

Microcomputers

Notebooks

Servers

Itec

Plan2

Plan3

8Acquisition of the Tallard Technologies, Inc.

Headquarter: United States

Activity Market: North America and Latin America

Distribution: Products and Services of technology of the Information (Marks IBM, Avaya and Apple)

Subsidiary: Mxico, Venezuela and Chile

Gross Revenue in 2005: US$ 100 Million

Total Assets: US$ 30 Million

Objectives reached up to 06.30.06

9 Tallard Acquisition Motivation

Geographic complementation in its products marketing;

Business is attractive because it contributes with Itec abilities (IBM products sale);

Amplification of products line for communication (Avaya products sale);

Marketing and technical assistance services of Apples products.Biggest IBM distributor in Latin AmericaObjectives reached up to 06.30.06

10(*) Annual payments subject to presentation of future income, in respect to goals set forth in the purchase and sales agreement. Objectives reached up to 06.30.06Acquisition of the Tallard Technologies, Inc.

Balano1

ITAUTEC PHILCO S/A - GRUPO ITAUTEC PHILCO

Balano Patrimonial Consolidado em 31.12 - Lei 6.404/76

(Valores em milhares de Reais)

Ativo20012000Passivo20012000

DezembroSetembroJunhoMaroAcum. DezembroDezembroSetembroJunhoMaroAcum. Dezembro

CIRCULANTE571,573633,886583,018567,065528,093CIRCULANTE405,221482,696424,910405,121405,521

Disponvel / Aplicaes216,361212,478125,948142,533155,122Instituies Financeiras278,163338,875285,543275,163251,108

Clientes126,535129,470138,014132,106123,797Fornecedores51,05753,51251,96156,27260,701

Estoques180,153223,411250,732225,289186,941Obrigaes com Pessoal25,92431,08027,56326,15024,437

Valores a Receber31,74953,32947,51244,27939,604Impostos a Pagar10,25312,25811,50310,09014,674

IRRF s/Aplicaes Financeiras12,61311,55016,89820,02120,693Provises e Contas a Pagar39,82446,97143,98335,92245,964

Despesas Antecipadas4,1623,6483,9142,8371,936Dividendos/Juros s/Capital Prprio4,3571,5248,637

REALIZVEL A LONGO PRAZO22,86919,55218,64518,03017,393EXIGVEL A LONGO PRAZO132,998109,242107,45576,98441,060

Depsitos Vinculados e Outros Crditos22,86919,55218,64518,03017,393Instituies Financeiras81,61059,48761,18534,349397

Provises e Contas a Pagar51,38849,75546,27042,63540,663

PATRIMNIO LQUIDO DAS

PERMANENTE219,841203,405194,610182,823180,168EMPRESAS ITAUTEC PHILCO275,517264,905263,908285,813279,073

Investimentos1271531531532,507

Imobilizado219,537203,015194,197182,372177,544Participao Minoritria1,0381,0421,0331,0141,028

Diferido177237260298117

Patrimnio Lquido da Controladora274,479263,863262,875284,799278,045

Capital Social222,360222,360222,360222,360220,501

Adiantam. P/Futuro Aumento de Capital398398398398398

Reservas de Lucros51,72141,10540,11762,04157,146

TOTAL DO ATIVO814,283856,843796,273767,918725,654TOTAL DO PASSIVO813,736856,843796,273767,918725,654

Plan1

ITAUTEC PHILCO S/A - GRUPO ITAUTEC PHILCO

Balano Patrimonial Consolidado em 31.12 - Lei 6.404/76

(Valores em milhares de Reais)

Ativo20012000Passivo20012000

DezembroSetembroJunhoMaroAcum. DezembroDezembroSetembroJunhoMaroAcum. Dezembro

CIRCULANTE571,179565,359514,694499,928531,192CIRCULANTE406,474482,696424,910405,121408,620

Disponvel / Aplicaes216,799212,478125,948142,533158,221Instituies Financeiras278,162338,875285,543275,163254,207

Clientes127,390129,470138,014132,106123,797Fornecedores51,06053,51251,96156,27260,701

Estoques180,511223,411250,732225,289186,941Obrigaes com Pessoal25,91931,08027,56326,15024,437

Impostos a Recuperar37,56654,611Impostos a Pagar11,60012,25811,50310,09014,674

Valores a Receber e Desp. Antecipadas8,9137,622Provises e Contas a Pagar39,73346,97143,98335,92245,964

Dividendos/Juros s/Capital Prprio4,3571,5248,637

REALIZVEL A LONGO PRAZO22,86819,55218,64518,03017,393EXIGVEL A LONGO PRAZO132,998109,242107,45576,98441,060

Depsitos Vinculados e Outros Crditos22,86819,55218,64518,03017,393Instituies Financeiras81,60959,48761,18534,349397

Provises e Contas a Pagar51,38949,75546,27042,63540,663

PATRIMNIO LQUIDO DAS

PERMANENTE220,981203,405194,610182,823180,168EMPRESAS ITAUTEC PHILCO275,556264,905263,908285,813279,073

Investimentos1281531531532,507

Imobilizado220,676203,015194,197182,372177,544Participao Minoritria1,0381,0421,0331,0141,028

Diferido177237260298117

Patrimnio Lquido da Controladora274,518263,863262,875284,799278,045

Capital Social222,360222,360222,360222,360220,501

Adiantam. P/Futuro Aumento de Capital398398398398398

Reservas de Lucros51,76041,10540,11762,04157,146

TOTAL DO ATIVO815,028788,316727,949700,781728,753TOTAL DO PASSIVO815,028856,843796,273767,918728,753

resultado122001

Aquisition CostUS$ Thousand

Fixed Amount - 07.13.0610,500

Variable Amount*5,500

Maximum Price16,000

&R&"Arial,Negrito"&16Item 1.3 - Pag 6

Bigger company of Brazilian computer in the external marketUSA - MiamiPortugalSpainArgentina Mexico Ecuador11Companies in the ExteriorVenezuelaChileDeliverersObjectives reached up to 06.30.06

Reduction of the operational cost of the companyClosing of Manaus Operations in January/2006, pursuant to the sale of the last site: R$ 14 Million.12Objectives reached up to 06.30.06

Reduction of the operational cost of the company Sale of the last site in Manaus: R$ 14 Million; Re-adaptation, during 2006, of the Commercial and Administrative Structures.13Objectives reached up to 06.30.06

Actions in Progress14

Change of Central Management to Av. Paulista; 15Reduction of the operational cost of the companyActions in Progress

Change of Central Management to Av. Paulista; Change of plant to Jundia up to 2007;16Reduction of the operational cost of the companyActions in Progress

Change of Central Management to Av. Paulista; Change of plant to Jundia; Sale of Tatuap site up to the middle of 2008.17Reduction of the operational cost of the companyActions in Progress

Financial Information Breakdown of Gross Revenue Gross Revenue Distribution Income Statements Overseas Operations Turnover Financial Debits18

Financial Information Breakdown of Gross Revenue19

Plan1

Variao

Million of Reais1 HY 041 HY 051 HY 061HY06 / 1HY05

IT Products268.5286.0345.120.6%

Services105.8134.3147.910.2%

Solutions and Automations156.278.3116.148.3%

Foreign25.333.658.473.6%

Recurrent Operations555.7532.2667.525.4%

Discuntinued Operations289.3337.3

Total845.0869.5667.5

Plan2

Plan3

Financial Information20Gross Revenue Distribution - First Half 2006

Grf1

345063

116139

147917

58357

Plan1

IT Products345,063

Solutions and Automations116,139

Services147,917

Foreign58,357

Plan1

Plan2

Plan3

21Evolution of the Gross ProfitFinancial Information

Plan1

VariaoVariao

Million of Reais1 S 041 HY 051 HY 061S06 x 1S041S06 x 1S051HY06 / 1HY05

Gross Revenue555.7532.2667.520%25%25.4%

Net Revenue491.1471.4591.821%26%25.5%

Gross Profit135.3115.2134.4-1%17%16.7%

Despesas Operacionais113.80%0%113.8

EBITDA39.00%0%39.0

Lucro Lquido13.90%0%13.9

ROE Anualizado8.9%- 0,2 p.p.- 5,6 p.p.8.9%

Plan2

Plan3

22Income StatementsFinancial Information

Plan1

Million of Reais1 S 041 S 051 HY 061S06 x 1S041S06 x 1S05

Gross Revenue555.7532.2667.520%25%

Net Revenue491.1471.4591.821%26%

Gross Profit135.3115.2134.4-1%17%

Operational Expenses113.80%0%

EBITDA39.00%0%

Net Income13.90%0%

ROE Annualized8.9%- 0,2 p.p.- 5,6 p.p.

Plan2

Plan3

23 Invoicing of the Operations in the ExteriorFinancial Information

Plan1

Variao

Thousand of US$20041 HY 051 HY 061HY06 / 1HY05

Itautec9,4597,3179,46029.3%

Itec3,0766,98311,59466.0%

Sub Total Recurrent3,07614,30021,05447.2%

Tallard *12,53456,253

Participao na Receita Bruta3.2%0%18%

Total77,307

OEM0.09,407

Placas5,8062,156

Sub-Total - No Recorrentes5,80611,562

Total Geral18,34011,562

(*) Simulation with Tallard since January

Plan2

Plan3

24(Simulation with Tallard of January the June)Gross Income Distribution First Half 2006Financial Information

Grf2

345063

116139

147917

167321

Plan1

IT Products345,063

Solutions and Automations116,139

Services147,917

Foreign167,321

Plan1

Plan2

Plan3

25Rental

TallardFinancial DebitsFinancial Information

Plan1

% Variation% Variation

Million of Reais1 HY 041 HY 051 HY 061HY06 / 1HY041HY06 / 1HY05

Total Debt339.7287.4156.0-54.1%-45.7%

Cash and Banks227.4213.980.4-64.7%-62.4%

Net Debt112.373.475.6-32.7%3.0%

EBITDA Annualized121.8137.777.9-36.0%-43.4%

Net Debt / EBITDA0.920.530.97+ 0,05 b.p.+0,44 b.p.

Plan2

Plan3

Corporate Governance26

Corporate Governance 100% Ordinary Shares; 80% Tag Along for Minority Interests; Disclosure Committee for Relevant Events since 2002; Distribution of Dividends: 39% of Net Income during the last 5 years; Shares Grouping27

28+20,3%JCP 1HY06 R$ 0,03 per Share38% of semesters net profitDistribution of JCP/DividendsCorporate Governance

Grf1

4.357

4.357

5.243

Million of Reais

Plan1

1 HY 044.4

1 HY 054.4

1 HY 065.2

Plan1

Milhes de Reais

Plan2

Plan3

Shares par value shall go from R$ 2,65 TO R$ 40,00

Purpose: Operational Rationalization 1:15

A NEW SHARE TO EACH 15 SHARES OWNED 29Shareholders with the desire to keep at least one new share, Itasa will grant free of charge the shares necessary to integrate the minimum lot.Shares GroupingCorporate Governance

30Growth Strategy

Growth Strategy Amplification of Operations in the extern market; Consolidation of Outsourcing Operations; ATMs market share increase; Reduction of Companys operational cost.31Objectives to be Developed

More business focus; High-level capabilities in making high-added-value products; Low-cost production capacity; Extensive client portfolio; High-capilarity network providing technical support; Opportunity on World Market; Sound capital structure combined with detailed risk management.Value Creation32Growth Strategy

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