30
1 APIMEC MEETING
1
APIMEC MEETING
2
Offering Size(R$ billion)
2.3
3.4
2006 2007
Investors - Total(thousand)
53
122
2006 2007
Individual Investors(thousand)
51
119
2006 2007
Retail Offering
Foreign Investors
Others
2006
29.9%
50.9%
19.2%
2007
40.7%
43.5%
15.8%
Allotment
Public Offering
3
National TreasuryPREVI
BNDESParForeign Investors
Others
Post Offering and Warrants
65.3%10.5%
2.5%
11.1%
10.6%
Free float: 21.7%
Ownership Structure
4.0
2.8
2004
6.8
3.4
3.4
2005
6.9
7.6
7.2
2006
14.8
11.7
10.0
2007
21.7Free Float - %
10.6
11.1
1Q08
21.7
4
The Best Investiment
LARGEST DISTRIBUTION
AND CUSTOMERS
BASE
LOW-COST FUNDING
SUSTAINABILITY AND
CORPORATE GOVERNANCE
� Assets� Assets under management� Deposits� Number of customers� Distribution network
Largest Bank inLatin America in terms of:
PROFITABILITY AND GROWTH
POTENCIAL
CREDIT EXPERTISE
� Presence in all sectors of the economy
� Largest national footprint
� Largest exposure to government institutions
� Largest customer base
Best Brazilian Proxy
5
Individuals
Businesses
Agribusiness
Abroad
2004
16.1
33.4
30.0
9.088.6
2005
18.4
38.5
35.7
9.2101.8
2006
24.0
51.9
45.1
12.2133.2
2007
32.0
65.5
51.9
11.4160.7
Credit Expertise
CAGR (%): 22.8
4.8
21.5
24.0
30.8
R$ billion
Market Share - %
1Q08
172.8
67.2
56.5
38.5
10.5
15.9
15.3
16.516.0
16.3
6
Small and MicroMiddle and Corporate
13.2
20.2
2004
33.4
15.4
23.1
2005
38.5 18.3
33.6
2006
51.9 24.6
40.9
2007
65.5
CAGR (%): 24.0
22.8
24.8
Credit to Businesses
R$ billion
25.7
41.5
1Q08
67.2
7
BusinessesIndividuals
CAGR (%): 21.5
51.0
14.9
Credit to Businesses
R$ billion
2004
25.9
4.2
30.0
2005
30.5
5.3
35.7
2006
36.1
8.5
45.1
2007
40.1
11.7
51.9
40.7
15.8
1Q08
56.5
8
Consumer Finance
Payroll Loans Overdraft
Credit Card Auto Loans
CAGR (%): 30.8
7.6
106.3
43.3
8.1
94.3
Consumer Finance
R$ billion
16.1
10.0
1.52.02.20.3
2004
18.4
9.7
3.82.52.20.2
2005
24.0
9.5
8.3
3.12.20.9
2006
32.0
10.5
11.9
4.3
2.42.9
2007
38.5
13.0
12.8
6.4
2.83.5
1Q08
9
Debit Cards Issued - millionRevenues – R$ billion
Credit and Debit Card
Credit Cards Issued - million
CAGR (%): 17.3
40.9
11.0
24.331.6
37.949.3
11.1 14.1
2004
34.4
6.9
41.3
2005
40.0
9.3
49.3
2006
41.7
14.1
55.8
2007
47.2
20.2
67.4
1Q07
41.9
14.4
56.3
48.2
21.1
1Q08
69.3
10
Credit Risk
Provision Expenses - R$ billionProvision Expenses/Loan Portfolio¹ - %
(1) Average Loan Portfolio and expenses in the last 12 months
2004
3.5
2005
4.5
2006
5.7
2007
5.4
1Q08
1.5
4.34.7 5.0
3.7 3.6
11
Credit Risk
Past Due Loans + 15 days/Loan Portfolio - %
Past Due Loans + 60 days/Loan Portfolio - %
Provision/Loan Portfolio - %
Average Risk - %
2004 2005 2006 2007 1Q08
6.1
6.6 6.5 6.46.2
4.7
4.14.5 4.4
5.6
5.6
5.45.45.8
5.1
3.3
4.0
2.93.3
2.8
12
Money Market Borrowing
Demand Deposits
Saving Deposits
Others
2004
49.7
44.5
29.0
31.15.8
160.1
2005
63.5
30.5
35.8
32.85.5
168.2
2006
76.9
49.3
40.1
36.75.2
208.1
2007
85.5
72.3
51.3
45.8
5.6260.6
Leadership in Funding
CAGR (%): 20.1
3.8
14.4
13.8
Market Share - %
R$ billion
Time Deposits
28.2
20.6
20.919.1 19.6
20.2
Mar/08
99.9
91.3
44.2
48.1
6.6290.0
13
Low-Cost Funding
62.571.3
61.0
88.0
55.1
66.0
100.0
Savings DepositsTime Deposits
Judicial Deposits
Total DepositsMoney Market BorrowingTotal Funding
Funding Cost – as % of Selic
14
241.3
1Q08
Asset Management
124.0
2004
153.5
2005
182.7
2006
220.1
2007
CAGR: 23.4%
Customer Profile
Retail26.1%
Wholesale10.7%
Public Sector18.3%
Institutional Investors
41.9%
ForeignInvestors
3.7%
Investment Profile
Fixed Income56.0%
Multi-strategy14.2%
Equities21.4%
Others10.6%
R$ billion
15
Others Branches
Points of Service - thousand
10.7 3.72004 14.5
10.9 3.92005 14.8
11.1 4.02006 15.1
11.3 4.02007 15.3
88.42004
89.22005
90.02006
91.32007
Transaction through Automated Channels - %
Largest Distribution Network
90.51Q08
11.3 4.01Q08 15.3
16
Individuals Businesses
Customers - million
19.7 1.42004 21.1
21.5 1.42005 22.9
22.8 1.62006 24.4
24.3 1.72007 26.0 CAGR (%): 7.2
7.2
6.8
Largest Customer Base
Internet Banking – million of customers
6.92004
7.92005
8.22006
8.52007
8.21Q08
24.7 1.71Q08 26.4
17
23.026.8
32.1
22.522.8 22.219.5
25.5
High and Recurring Profitability
3.0
2004
5.7
5.1
2007
4.2
2005
3.4
6.0
2006
3.7
Recurring Net Income CAGR: 24.2%
Recurring Net Income - R$ billionNet Income - R$ billionROE - % Recurring ROE - %
1Q07
1.5
1.4
1Q08
2.3
1.6
29.4
43.5
30.7
27.6
∆ Net Income: 66.6%
18
Growing Margins
Loan RevenuesOther Interest Revenues
15.716.7
18.1
20.8
Net Interest Income
R$ billion
17.1
14.2
2004
31.3
19.2
14.4
2005
33.6
21.6
15.1
2006
36.7
25.3
14.7
2007
40.0
6.1
3.5
1Q07
9.6
7.2
3.8
1Q08
11.0
5.0 5.5
19
Resilient NIM
NIM¹ - %Average Selic - %
(1) Net Interest Income over Earning Assets
Individuals Businesses Agribusiness
NIM by Portfolio - %
8.4 8.6 8.1 7.6 7.2
16.219.1
15.311.9 10.8
2004 2005 2006 2007 1Q08
35.7
30.1 28.725.4 24.1
9.0 8.4 8.1
6.3
6.9
5.6 6.0 5.5
6.9
5.02004 2005 2006 2007 1Q08
20
315302
720
2004
889
2005
1,123
2006
1,200
2007 1Q07 1Q08
Added Value - Insurance
CAGR: 18.5%
R$ million
21
Productivity Increase
Personnel Expenses¹ Fee Income¹Coverage Ratio - % Coverage Ratio without extraordinary itens - %
2004 2005 2006 2007
7.16.6
7.5 7.6 7.98.9
7.8
9.9
102.3
108.1
127.7
93.1
112.9
R$ billion
(1) without extraordinary itens
1.8 1.92.4 2.6
1Q07 1Q08
127.9
135.2133.4
22
Productivity Increase
Administrative Expenses¹ Operating Income¹Efficiency Ratio - % Efficiency Ratio without extraordinary itens - %
2004
12.6
23.2
2005
13.1
27.3
2006
13.7
28.9
2007
14.5
30.9
54.248.1 47.5
51.4
46.9
R$ billion
(1) without extraordinary itens
3.2 3.5
7.5 8.0
1Q07 1Q08
44.1
41.443.1
43.6
23
Leverage Capacity
15.2
2004
17.1
2005
17.3
2006
15.6
2007
BIS Ratio - %
76.6
2004
73.9
2005
83.8
2006
85.4
2007
Loan / Total Deposits - %
90.9
1Q08
1Q08
15.3
24
Improving Corporate Governance
Release of Banco do Brasil’s Agenda 21.
Approval of ADR level 1 program.
Financial information in accordance with international standards.
Adjustment of administrative and organizational structure.
25
Focus on Sustainability
Contracted AmountR$ million
Benefited Familiesthousand
2005 2006 2007 1Q08
Served Municipalities
1,503
2005
2,788
2006
4,553
2007
Strategy of Sustainable Regional Development
105.4
313.8
714,3
1,300.0
2005 2006 2007 1Q08
70.6
230.9
725.5 751.0 4,622
1Q08
26
Earnings / Share – R$
Dividends & Interest on Own Capital / Share – R$
Market Capitalization - R$ billion
Dividends / Interest on Own Capital - R$ billion
Share Performance
1.3
2004
1.7
2005
2.4
2006
2.0
2007
0.9
1Q08
0.4
2004
0.6
2005
1.0
2006
0.8
2007
0.4
1Q08
26.0
2004
33.7
2005
52.8
2006
75.3
2007
58.7
1Q08
55.0
1Q07
1.01.5
2.42.0
0.60.9
27
Share Performance
Price / Book Value
Price / Earnings
1.8
2004
2.0
2005
2.5
2006
3.1
2007
2.3
1Q08
8.6
2004
8.1
2005
8.7
2006
14.9
2007
9.8
1Q08
28
IbovespaBanco do Brasil
Bradesco Itaú
Unibanco
Share Performance
mar/03 mar/04 mar/05 mar/06 mar/07 mar/08
828.6%
493.1%
627.3%
502.9%530.8%
29
Highlights
R$ - billion
Net Income 3.0 4.2 6.0 5.1 1.4 2.3Net Interest Income 15.5 16.7 18.1 20.8 5.0 5.5Fee Income 6.6 7.6 8.9 9.9 2.4 2.6Administrative Expenses 11.5 12.4 13.0 13.4 3.1 3.4
R$ - billion
Assets 239.0 253.0 296.4 357.8 321.9 392.6Loan Portfolio 88.6 101.8 133.2 160.7 140.4 172.8Deposits 115.5 137.7 158.8 188.3 160.7 190.1Assets under Management 124.0 153.5 182.7 220.1 193.1 241.3Shareholders Equity 14.1 16.8 20.8 24.3 21.6 25.4
%
ROE 23.0 26.8 32.1 22.5 29.4 43.5Efficiency Ratio¹ 54.2 48.1 47.5 46.9 43.1 43.6Coverage Ratio¹ 93.1 102.3 112.9 127.7 133.4 135.2BIS Ratio 15.2 17.1 17.3 15.6 17.2 15.3
1Q08
1Q08
1Q08
1Q07
1Q07
1Q07
2004
2004
2005 2006 2007
2005 2006 2007
2004 2005 2006 2007
(1) without Extraordinary itens
30
Investor Relations UnitSBS - Quadra 1 - Bloco C - Ed. Sede III - 5°floor
70073-901 - Brasília (DF)Phone: 55 (61) 3310.3980
Fax: 55 (61) 3310.3735
Disclaimer - This presentation contains references and statements, planned synergies, increasing estimates, projections of results and future strategy for Banco do Brasil, it’s Associated and Affiliated Companies and Subsidiaries. Although these references and statements reflect the
management’s belief, it also involves imprecision and high difficult risks to be foreseen, consequently, it may conduct to a different result than the one anticipated here. These expectations are highly depended on market conditions, on the Brazilian economic performance, on the sector and the
international market. Banco do Brasil is not responsible for bringing up to date any estimate in this presentation.
For further information access www.bb.com.br/ri
