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Institutional Presentation

BBSEY

ADR - Level I

Overview

BB Seguridade Participações S.A. | Investor Relations 3

Track Record

1981

Establishment of BB’s insurance operations

1993

Creation of Brasilprev

1995

Brasilcap’s inception in partnership with SulAmérica, Icatu and Aliança da Bahia

1996

Establishment of Brasilveículos in partnership with SulAmérica

1999

Partnership with Principal Financial Group in Private Pension Plans

2010

Establishment of the Joint Venture with Mapfre

2008-2011

Ownership restructuring of BB’s insurance, Pension Plans and Premium Bonds division

2012

Establishment of

BB Seguridade

1987

BB Corretora’s establishment

2013

IPO

IRB –Brasil RE

Equity

investment in

Brasildental

Partnership

with Odontoprev

2014

Establishment

of

ADR – Level I

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BB Corretora

Brokerage

Brasilcap

Premium Bonds

100%

BB Seguros BB Cor

BB Mapfre SH1

Life, Rural

Mapfre BB SH2

P&C

Brasilprev

Pension Plans

Free Float (Post IPO)

74.9% BB Seguridade Economic Stake (%)

49.9%

50.0%

100%

50.0%

49.0%

50.0%

74.9%

49.9%

50.0%

66.7%

49.9%

66.7%

100%

100% BB Seguridade Voting Stake (%)

Board of Directors Representation (%)

66.25% 33.75%

Estrutura Acionária - Parcerias

IRB –Brasil Re

Reinsurance

Brasildental

Dental Insurance

20.4%

20.4%

20.0%

74.9%

49.9%

50.0%

Ownership Structure

BB Seguridade


ESTRUTURA ORGANIZACIONAL BB SEGURIDADE

CEO Marcelo Augusto Dutra Labuto

Chief Financial Officer

Werner Romera Suffert

Chief Risk Officer

Antonio Rugero Guibo

Chief Marketing Officer

Ângela Beatriz de Assis

Executive Board

Board of Directors

General Meeting

Fiscal Council

Audit Committee

Related-party Committee

Internal Audit

Internal Structure


Shareholders Structure

TOTAL CAPITAL BREAKDOWN – JUN/2015

FREE-FLOAT BREAKDOWN – JUN/2015

Foreign Investors

77.7%

Institutional 17.8%

Individuals4.5%

Banco do Brasil66.3%

Free-float33.8%


ADR Program

In 2014, BB Seguridade established a sponsored Level I American Depositary Receipt (ADR) program.

Ticker: BBSEY

Structure: Level I ADR

Exchange: Over-the-counter (OTC) market

Ratio (ADR:ORD): 1 ADR : 1 ORD

DR ISIN: US05541J1034

CUSIP: 05541J103

Depositary Bank: Deutsche Bank Trust Company Americas

Custodian Bank: Banco do Brasil S.A.


Corporate Governance

Board of Executive Officers:

Four members:

Elected among the active employees of Banco do Brasil

Remuneration policy: fixed monthly wage plus variable portion between six and twelve monthly wages. The variable portion is paid as 50% in cash and 50% in stocks with vesting period of 4 years.

Only common shares

100% tag along

80% payout (semi annual dividends)

Stocks

Related-party Committee

Three members:

One is the independent member appointed by the minority shareholders

The independent member has veto power

Board of Directors:

Two members appointed by Banco do Brasil from its Board of Executive Officers

One appointed by the Ministry of Planning, Budget and Management and the other one appointed by the Ministry of Treasury

One member appointed by the minority shareholders

The CEO of BB Seguridade

Six members:


Board of Executive Officers

Corporate Governance – Affiliates

Board of Directors

SH1 Life

SH2 P&C

Brasilprev Pension Plans

Brasilcap Premium

Bonds

16 members

8 appointments

8 appointments

Companhia de Seguros

Aliança do Brasil

6 appointments

6 appointments

Mapfre Vida S.A

16 members

8 appointments

8 appointments

Aliança do Brasil

Seguros S.A

6 appointments

6 appointments

BB Mapfre Assistência

2 Appointments

2 appointments

Brasilveículos

6 appointments

6 appointments

16 members

8 appointments

8 appointments

3 appointments

3 appointments

12 members

8 appointments

2 appointments

2 appointments

4 appointments

Mapfre Seguros Gerais

S.A

6 appointments

6 appointments

Broker

3 members

3 appointments

10 members

2 appointments

IRB-RE Reinsurance

6 appointments

6 appointments

4 members

2 appointments

2 appointments

Brasildental Dental Insurance

3 members

1 appointment

1 appointment

Consensus 1 appointment



Access to Banco do Brasil’s network

Banking Fee

BB Seguridade Equity Income

Equity Income 66,25%

Any proposal for changes in the agreements must be examined by the Related-party Committee where the independent member has a veto power

Cost Reimbursement

Brokerage Income


Backed by Banco do Brasil Expertise from Private Partners

Solidity, tradition, security and reliability

Safe harbor, especially for long term products

Flight to quality and less susceptible to market conditions

Brand awareness

Fast decision making

BB Seguridade operates in an arm’s length format

Monitors the developments of any potential conflicts between BB

and BB Seguridade

Improves corporate governance

Minimum voting stake of 50.1%

Backed by Banco do Brasil with Expertise of Private Partnerships

Banco do BrasilAgreement with BB Corretora for distribution of

products in Banco do Brasil 's branches20 January-13 January-33

Mapfre Joint Venture 20 June-11 June-31

Principal Joint Venture 23 April-10 October-32

Icatu Partnership No defined term June-05 -

Aliança da Bahia Partnership No defined term June-05 -

Odontoprev Joint Venture 20 2015¹ 2035

RelationshipTerm of the

agreements (years)Partnership Start End

1. The 20-year term for Odontoprev starts after Brasildental achieve 25,000 lives.



Bank Channel

BB Seguridade strategy focuses on bancassurance with its own broker, taking advantage of the captive access to Banco do Brasil distribution network.

Low complexity business model

Low capital needs

No underwriting risk

Own Brokerage

Competitive Advantage

Distribution Channel

Non-banking Channel

131 Partnerships (Affinity)

19,909 External Brokers

62.1 Million clients

5,544 Branches

65,771 ATMs

14,574 Banking Correspondents

34,898 Points of service in shared network

1º

Captive access to larger distribution network in Latin America


109.9%

65.1%

26.7%

Strong Financial Performance

ROE¹ 1H15 (%)

Source: Companies and Susep 1. Annualized ROE calculated by dividing the adjusted net income by the shareholder’s equity in the beginning of the period, and raising it to the second power.

INSURANCE COMPANIES ASSOCIATED WITH BANKS

TRADITIONAL INSURANCE COMPANIES

Brokerage participation

39.8%

20.7%17.6% 16.9%

12.8% 11.6%

Macroeconomic Environment


Global Macroeconomic Data

1. Source: World Bank - forecast s as of June, 2015 2. Source: Focus - forecasts as of July 30, 2015

2013 2014 2015E 2016E 2017E

World Economy - GDP Growth¹

World 2.5% 2.6% 2.8% 3.3% 3.2%

USA 2.2% 2.4% 2.7% 2.8% 2.4%

Euro Zone -0.4% 0.9% 1.5% 1.8% 1.6%

China 7.7% 7.4% 7.1% 7.0% 6.9%

Brazilian Economy²

GDP Growth - Brazil 2.5% 0.1% -1.8% 0.2% 1.7%

SELIC (ends of period) 8.2% 10.9% 14.3% 12.0% 10.5%

SELIC (year avarage ) na na 13.6% 13.2% 11.0%

Inflation (IPCA) 5.9% 6.4% 9.2% 5.4% 4.7%

Inflation (IGP-M) 5.5% 3.7% 7.6% 5.5% 5.0%

Dollar (quotation in R$) 2.34 2.66 3.25 3.45 3.45


15.2 19.3 21.4 24.5 27.2

21.222.1 21.4 20.6 19.8

14.715.4 16.9 14.3 12.65.65.5 4.9 5.0 4.96.45.4 4.7 4.8 4.5

36.8 32.3 30.7 30.8 31.0

63.2%67.7% 69.3% 69.2% 69.0%

2010 2011 2012 2013 2014Banco do Brasil Bradesco Itaú

Caixa Santander Others

Market share

98.993.6

87.378.9

68.1

56.9

38.3

UnitedKingdom

United States Italy China Brazil Venezuela Colombia

5,5445,003

4,628

3,342

2,255

Bancassurance

BRANCHES IN BRAZIL¹

FINANCIAL INCLUSION¹ (%) POPULATION WITH CHECKING ACCOUNT¹ (%)

BANCASSURANCE IN INSURANCE DISTRIBUTION (%)

Source: SUSEP

Source: Febraban 1. CPFs with active relationship in Brazilian Financial System /Economically active population

51.0 53.0 55.0 57.060.0

2010 2011 2012 2013 2014

Source: Companies 1. Data as of Jun/15, except from Caixa, which data is from Mar/15.

Source: World Bank 1. Data as of 2014


15.6

12.711.4

7.2

2.5

8.9 8.4 8.06.7

5.96.5 6.0

3.0 3.12.3 2.5

0.5 0.1

2.6 1.7

0.6 1.0

3.3

1.42.7

4.1

8.5

2.12.4

2.6

2.83.1 2.1

2.2

4.33.4

2.7 1.8

3.43.5

0.71.5

2.4 1.1

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Global Insurance Industry

Insurance market presents low penetration level in Brazil

Insurance premiums1 / GDP (%, 2014)

Source: SUSEP and Swiss Re – Sigma 04/2015

1. Excluding businesses abroad

#39

Life Insurance Premium / GDP Non-Life Insurance Premium / GDP

#60

In Total Insurance

In Life Insurance


170%

113%

122%

131%

105%

80%

67% 65%59%

41%

22%

14%

6%

166%

127%121%

116%113%

85%

69%

60%54%

41%

22%

14%

6%

Net

her

lan

ds

US

Swit

zerl

and

UK

Au

stra

lia

Can

ada

Sou

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2013 2014

Global Pension Plans Industry

Pension market is growing in Brazil due to the life expectation increase

Pension Assets/GDP² (%)

Source: Towers Watson

1. Brazil pension assets were recalculated based on Abrapp and FENAPREVI data to include opened and closed entities

2. Assets/GDP ratio for the world is calculated in USD and assets were estimated as of Dec 31, 2014

# 10 In assets


111.2

129.4

157.0

177.6

194.6

2010 2011 2012 2013 2014

53.4

61.6

69.8

82.7

89.2

2010 2011 2012 2013 2014

INSURANCE INDUSTRY EVOLUTION¹ (R$ BN)

Insurance Industry in Brazil

Source: SUSEP

1. Total revenues including premiums written, pension plans contributions and premium bonds collection. Does not include health insurance.

INSURANCE PREMIUMS WRITTEN EVOLUTION (R$ BN)


45.8

53.4

70.373.9

83.5

2010 2011 2012 2013 2014

Pension Plans Industry in Brazil

AuM (R$ BN) CONTRIBUTIONS (R$ BN)

Source: SUSEP

223.3

269.1

338.6

373.2

442.0

2010 2011 2012 2013 2014

Source: Fenaprevi

Performance


Largest Insurance Broker in Latin America

Exclusive access to Banco do Brasil’s unique distribution network

Leading Presence in both, contributions and net inflows in Pension Plans

Insurance Operations, Pension Plans and Premium Bonds managed through private partnerships with global leaders

Fast Growing with High Profitability

Net income grew by 30.1% yoy achieving an annualized ROAE¹ of 62.9% in 1H15

BB Seguridade at a Glance

137 employees at the holding and broker level, and

6,997 employees at the affiliates level.

1. ROAE, considering the total distribution of dividends.

One of the Largest Insurance, Pension and Premium Bonds Companies in Latin America

R$ 7.9 billion in premiums written, R$ 19.2 billion in pension contributions and R$ 3.3 billion in premium bonds in 1H15

2nd Largest P&C Insurance Company in Brazil

2.9 million insured vehicles and R$ 4.4 billion in premiums written in 1H15


Market Share¹

Segments Market Size

(R$ MM) BBSE (%)

Main Competitors

Insurance premiums written

Life 10,421 14.7%

# 1

19.1%

# 3

14.5%

Credit life 4,134 30.5%

# 2

14.8 %

# 3

12.2%

Rural 1,004 75.8%

# 2

6.3%

# 3

4.8%

Auto 16,129 15.4%

# 1

26.6%

# 3

12.5%

Pension plans

Contributions 47,967 40.3%

# 2

27.5%

# 3

17.0%

P/VGBL Reserves 435,731 28.0%

# 2

26.8%

# 3

24.4%

Premium bonds

Collection 10,399 31.6%

# 2

25.6%

# 3

12.7%

Reserves 30,567 39,3%

# 2

25.6%

# 3

12.7%

# 1

Source: Susep 1. Data as of 1H15

# 2

# 2

# 1

# 1

# 1

# 1

# 1


1,754

2,260

3,223

1,494

1,944

32.4% 38.4% 49.8% 53.3% 62.9%

2012 2013 2014 1H14 1H15

Adjusted net income ROAE

SH129.7%

SH25.1%

Brasilprev16.5%

Brasilcap6.9%

IRB 3.7%

BB Corretora38.1%

SH128.3%

SH24.4%Brasilprev

17.0%

Brasilcap6.8%

IRB 3.7%

BB Corretora39.8%

SH111.2%

SH214.6%

Brasilprev63.3%

Brasilcap10.8%

33,322

43,349

53,996

25,66130,360

21.4% 24.5% 27.0% 27.2% 28.4%

2012 2013 2014 1H14 1H15

Revenues Market share

SH114.4%

SH216.7%

Brasilprev56.2%

Brasilcap12.7%

1H15

BB Seguridade Performance

PREMIUMS, CONTRIBUTIONS AND COLLECTIONS1 (R$ MM) BREAKDOWN OF PREMIUMS, CONTRIBUTIONS AND COLLECTIONS¹

PROFITABILITY EARNINGS BREAKDOWN

1H14 1H15

1. Premiums written, pension plans contributions and premium bonds collections

1H14²

+ 18% CAGR 2012-2014 27%

CAGR 2012-2014 36%

+ 30%

2. It does not consider Brasildental result neither the Holding’s revenues and expenses.

1. Premiums written, pension plans contributions and premium bonds collections


8.5 8.2

10.9

12.1

2012 2013 2014 Jun/15

31.5

21.6

26.7 26.730.9

2012 2013 2014 1H14 1H15

14,214,0

13,312,9

12,8

13,0 12,9 12,8

12,612,4

11,6

12,312,7

13,0

8,28,4 8,6 8,8

9,0

DI1F16 DI1F17 DI1F18 DI1F19 DI1F20

155 157221

105 157

110 79

127

6393

162150

210

99

133

75

24

133

68

9717

77

25

655161

93

39

55

553

488

861

398

600

2012 2013 2014 1H14 1H15

SH1 SH2 Brasilprev Brasilcap IRB Others¹

Net Investment Income

FORWARD YIELD CURVE (%) AVERAGE SELIC RATE (%)

CONTRIBUTION OF THE NET INVESTMENT INCOME TO EARNINGS (%)

Source: Focus - Bacen do Brasil Source: ValorPro

1. BB Corretora + Holdings

Jun/15

Dec/13

Dec/14

Dec/12

+ 51%

+ 4.2 p.p.

CAGR 2012-2014 29%

NET INVESTMENT INCOME (R$ MM)


37.7 43.0 41.8 44.0

28.032.2 31.2 33.1

27.617.1 20.1 15.1

4.3 4.9 4.8 5.12.3 2.8 2.1 2.7

1H14 1H15 1H14 1H15

Life Credit Life Rural Other Mortgage Life

309 307

444

213

325

2012 2013 2014 1H14 1H15

4,3515,703

6,904

3,325 3,315

320

542

528

380 94

4,671

6,244

7,432

3,704 3,409

2012 2013 2014 1H14 1H15

Retained Premiums Premiums ceded

721

1,070

1,559

677901

80.9%75.0% 72.5% 74.8%

69.7%

2012 2013 2014 1H14 1H15

Underwritting result (R$ MM) Combined ratio

BB Mapfre SH1

BREAKDOWN OF PREMIUMS WRITTEN AND RETAINED PREMIUMS (%)

PREMIUMS WRITTEN (R$ MM)

UNDERWRITTING RESULT

CAGR 2012-2014 26%

CAGR 2012-2014 47%

WRITTEN RETAINED


CAGR 2012-2014 20%

+ 33%

- 8%

+ 53%


80.975.0 72.5 74.8

69.774.0

70.0 67.2 69.362.8

2012 2013 2014 1H14 1H15

Combined ratio Expanded Combined ratio

16.8

14.215.3

14.2

11.5

2012 2013 2014 1H14 1H15

27.7 27.3 26.3 26.5 26.5

2012 2013 2014 1H14 1H15

36.633.6

31.134.4

32.0

2012 2013 2014 1H14 1H15

BB Mapfre SH1 – Performance Ratios ¹

COMBINED RATIO (%) G&A RATIO (%)

LOSS RATIO (%) COMISSION RATIO (%)

1. Adjusted ratios considering the reinsurance effects.

-2.7 p.p.

-2.4 p.p.


68.0%76.9% 77.3% 75.3% 72.9%

32.0%23.1% 22.7% 24.7% 27.1%

2012 2013 2014 1H14 1H15

Non-interest operating result.¹ Net investment income¹

Pre-Fixed11.5%

Floating30.7%

Inflation Protected

46.2%

Others¹11.7%

Pre-Fixed15.4%

Floating40.3%

Inflation Protected

34.6%Others¹

9.8%

647

907

1,297

567

774

20.0%29.6%

41.4% 40.6%49.7%

2012 2013 2014 1H14 1H15

Adjusted Net Income (R$ MM) ROAE

PROFITABILITY NET INCOME BREAKDOWN (%)

SOLVENCY

1. Agrarian debt bonds, DPVAT, Investment funds

ASSET ALLOCATION

JUN/14 JUN/15

+36%

BB Mapfre SH1

5 6

9 9

4

5

7 7

159.1%128.9% 126.0% 130.7%

2012 2013 2014 Jun/15Investments + Receivables (R$ BN) Technical Reserve (R$ BN) Solvency Ratio

CAGR 2012-2014 42%

1. Net of taxes considering the Company’s effective tax rate.


82

130

103

4456

100.5% 98.0% 98.6% 98.7% 98.5%

2012 2013 2014 1H14 1H15

Underwritting result(R$ MM) Combined ratio

53.4 55.9 62.4 64.5

33.5 34.3 22.2 24.2

4.8 4.75.6

5.48.3 5.1

9.7 5.9

1H14 1H15 1H14 1H15

Vehicles Casualties DPVAT Other

338

216

387

194

294

2012 2013 2014 1H14 1H15

5,8066,909

7,648

3,659 3,850

843

8851,198

621 595

6,649

7,794

8,846

4,280 4,445

2012 2013 2014 1H14 1H15

Mapfre BB SH2

BREAKDOWN OF PREMIUMS WRITTEN AND RETAINED PREMIUMS (%)

PREMIUMS WRITTEN (R$ MM)


CAGR 2012-2014 15%

CAGR 2012-2014 7%

UNDERWRITTING RESULT

+ 4%

+27%

+51%

CAGR 2012-2014 12%

RETAINED WRITTEN


100.5 98.0 98.6 98.7 98.594.8 94.9 93.5 93.6 91.5

2012 2013 2014 1H14 1H15

Combined ratio Expanded combined ratio

19.3 19.518.3 18.1

19.2

2012 2013 2014 1H14 1H15

28.324.1 23.0 22.9 21.2

2012 2013 2014 1H14 1H15

56.6 54.4 57.4 57.8 58.2

2012 2013 2014 1H14 1H15

Mapfre BB SH2 – Performance Ratios¹

LOSS RATIO (%) COMISSION RATIO (%)

G&A RATIO (%) COMBINED RATIO (%)

+0.4 p.p. -1.7 p.p.

+1.1 p.p.

1. Adjusted ratios considering the reinsurance effects.


Pre-Fixed21.9%

Floating43.3%

Inflation Protected

21.3%

Others¹13.5%

Pre-Fixed23.3%

Floating28.0%

Inflation Protected

34.5%

Others¹14.2%

96.7%

76.5%90.7% 91.8% 93.9%

3.3%

23.5%9.3% 8.2% 6.1%

2012 2013 2014 1H14 1H15

Net investment Income¹ Non interest operating result¹

228199

275

133

199

9.7% 7.5% 9.2% 9.4%12.8%

2012 2013 2014 1H14 1H15


PROFITABILITY NET INCOME BREAKDOWN (R$ MM)

SOLVENCY

1. Agrarian debt bonds, DPVAT, Investment funds

ASSET ALLOCATION

JUN/14 JUN/15

+ 50%

Mapfre BB SH2

6 6

88

56

7 8

127.5% 130.8% 139.0% 132.4%

2012 2013 2014 Jun/15

Investments + Receivables (R$ BN) Technical Reserve (R$ BN) Solvency Ratio

CAGR 2012-2014 45%

1. Net of taxes considering the Company’s effective tax rate.


477

592

729

342430

47.1% 46.3% 42.6%51.1%

42.4%

2012 2013 2014 1H14 1H15


1621

28

1318

3

3

2

1

10.3

0.4

0.5

0.2

0.2

18

23

31

14

19

2012 2013 2014 1H14 1H15

VGBL PGBL Traditional¹

838

1,031

1,236

556

715

1.40% 1.36% 1.26% 1.28% 1.22%

2012 2013 2014 1H14 1H15

Management fee Management fee

445

646

750

350425

60.7%52.8% 52.2% 51.2% 52.7%

2012 2013 2014 1H14 1H15

Result with pension plans and insurance Cost-to-income ratio

Brasilprev

CONTRIBUTIONS (R$ BN) MANAGEMENT FEE (R$ MM)

RESULT WITH PENSION PLANS AND INSURANCE (R$ MM) PROFITABILITY

CAGR 2012-2014 31%

CAGR 2012-2014 21%

+ 21%

+ 33%

+ 29%

+ 26%

CAGR 2012-2014 30%

CAGR 2012-2014 24%


67

84

112

97

131

8.7%

11.2%

9.4% 9.7% 9.2%

2012 2013 2014 Jun/14 Jun/15

Reserves Redemptions ratio

Pre-Fixed6.2%

Floating6.3%

Inflation Protected

87.6%

Pre-Fixed4.7%

Floating6.3%

Inflation Protected

89.0%

PGBL19.1%

VGBL74.8%

Traditional¹6.2%

Government Bonds82.6%

Securities²12.2%

Debentures and commercial

papers4.1%

Stocks1.1%

Brasilprev

RESERVES (R$ BN) RESERVES BREAKDOWN

ASSET ALLOCATION BY INDEX (EXCEPT PGBL/VGBL)

2. Securities = time deposits, time deposit with special guarantee, real state receivables certificate, creditory rights, letras hipotecárias and letras financeiras

1. Defined remuneration plan

PGBL22.3%

VGBL69.1%

Traditional¹8.6%

JUN/14 JUN/15


Securities²15.6%


papers6.9%

Stocks1.9% JUN/14 JUN/15 JUN/14 JUN/15

CAGR 2012-2014 29%

+ 35%

R$ 98.1 BN

ASSET ALLOCATION

R$ 132.8 BN R$ 10.0 BN R$ 10.8 BN


13 14

21

1013

35

29

38

15

22

2012 2013 2014 1H14 1H15Brasilprev Industry

Bras ilprev65.7%

Industry (ex-

Bras ilprev)34.3%

Brasilprev56.7%

Industry (ex-Brasilprev)

43.3%

1H15

Source: Susep

Brasilprev vs. Market

NET INFLOW (R$ BI) MARKET SHARE – NET INFLOW

1H14

Source: Quantum Axis

MARKET SHARE ASSET UNDER MANAGEMENT | P/VGBL

18.4%

20.8%

23.2%26.4%

28.0%

30.3%29.1% 28.9%

27.6%

26.8%

25.6%26.4%

25.5%

24.8% 24.4%

2011 2012 2013 2014 Jun/15

Brasilprev Bradesco Itaú


183

59

325

166

239

2012 2013 2014 1H14 1H15

Brasilcap

PREMIUM BONDS COLLECTION (R$ MM)

NET INVESTMENT INCOME

RESULT WITH PREMIUM BONDS

PROFITABILITY

1,951

4,403 4,058

2,038 1,843

1,920

1,867 2,629

1,225 1,440

3,871

6,2706,687

3,263 3,282

2012 2013 2014 1H14 1H15

Unique Payment Montlhy Payment

99

166

209

86 97

15.4% 17.3% 18.2% 15.9% 16.3%

2012 2013 2014 1H14 1H15

Result with Premium Bonds (R$ MM) Premium Bonds Margin

168132

324

152

202

88.6%57.1%

92.2%

118.9%107.8%

2012 2013 2014 1H14 1H15Adjusted Net Income (R$ MM) ROAE

CAGR 2012-2014 31%

CAGR 2012-2014 33% + 44%

+ 1%

+ 32%

+ 13% CAGR 2012-2014

45%

CAGR 2012-2014 39%



Time deposits and others8.1%Debentures and

commercial papers

6.6%

Stocks0.7%

Op. Compromissadas

+caixa14,6%


Time deposits and others

14.5%


papers4.7%

Stocks0.7%

Repo + Cash5.2%

Pre-Fixed61.0%

Floating35.8%

Inflation protected

2.3%

Stock Funds0.9%

6,459

9,489

11,75210,644

12,061

2012 2013 2014 Jun/14 Jun/15

Pre-Fixed32.9%

Floating61.2%

Inflation protected

4.7%

Stock Funds1.2%

TECHNICAL RESERVES (R$ MM) SOLVENCY RATIO (%)

ASSET ALLOCATION ASSET ALLOCATION | TRADING PORTFOLIO

JUN/14 JUN/15 JUN/14 JUN/15

Brasilcap

109.3

134.7

153.2140.1

179.2

2012 2013 2014 Jun/14 Jun/15

CAGR 2012-2014 35%

+ 13%


SH153.5%

SH212.8%

Brasilprev18.9%

Brasilcap14.6%

Other0.2%

661

913

1,289

599

743

2012 2013 2014 1H14 1H15

SH152.2%

SH214.7%

Brasilprev16.7%

Brasilcap16.1%

Other0.2%

BB Corretora

BROKERAGE INCOME (R$ MM)

ADJUSTED NET INCOME (R$ MM)

BREAKDOWN OF BROKERAGE INCOME

EXPENSES BREAKDOWN & NET MARGIN (%)

1H14 1H15

1,359

1,766

2,308

1,0981,282

2012 2013 2014 1H14 1H15

22.5 17.6 12.3 13.9 10.3

5.57.2

7.4 7.47.4

25.2 26.728.8 28.2

29.5

53.2 51.548.5 49.4 47.1

48.7% 51.7%55.9% 54.5% 58.0%

2012 2013 2014 1H14 1H15

Operating expenses Tax expenses Income taxes Net Margin

CAGR 2012-2014 40%

CAGR 2012-2014 30%

+ 24%

+ 17%


Guidance 2015

1. Growth range equivalent to net income estimated in Guidance 2015

BB Seguridade - Adjusted Net Income (%)¹ 12 - 21 Maintained 30.1

Premiums written growth - BB Mapfre SH1 (%) 15 - 21 5 - 8 (8.0)

Reserves P/VGBL - Brasilprev (%) 27 - 36 Maintained 38.5

Ratio Previous Estimates

Revised Estimates

1H15

Portfolio of Products


Our Products – SH1 Insurances

Definition: term life insurance without accumulation.

Coverage: in case of death, permanent disability or severe disease during the term, the benefit will be paid to the insured or his beneficiary.

Life

Definition: encompasses a group of three main products: crop insurance, rural lien insurance and credit life insurance for farmers.

Coverage: (i) Crop: any weather hazards and falling in the market prices of the crop; (ii) Lien: damage caused to the property, directly related to agricultural activities, which is provided as collateral of a rural loan; (iii) Credit life: in case of death of the insured person the insurance company will prepay the rural loan.

Rural

Definition: insurance related to mortgage loans.

Coverage: in case of death or permanent disability the remaining balance of the loan will be prepaid. This product also protects the home of the insured from physical damage.

Mortgage Life

Credit Life Definition: insurance that guarantee the payment of loans.

Coverage: in case of death the insured loan will be paid off and the client’s relatives will not inherit the debt.


Our Products – SH2 Insurances

Definition: A mandatory insurance related to accidents caused by vehicles in Brazil.

Coverage: Covers personal injury caused by vehicles to passengers, drivers or pedestrians.

DPVAT

Definition: insurance sold to individuals or companies that provides protection

to vehicles.

Coverage: is an insurance policy designed to provide protection for vehicles against theft, physical damage and/or bodily injury resulting from traffic colli-sions, besides other assistances provided to the policy holder for their daily lives.

Auto

Definition: is a type of insurance sold to individuals and companies that provides protection against risks to properties linked or not to loans.

Coverage: the main coverage is for damages to the home of individuals, and the assets of companies such as machinery and other properties.

P&C


Our Products - Brasilprev

Defined remuneration Guarantees a minimum yield composed of either inflation +6% or TR + 6%.

** No longer sold

Traditional Plan

Pension Plan designed for people who declare income taxes in the complete

form as contributions are deductible up to a limit of 12% of the client’s taxable income.

PGBL

Pension Plan designed for people who declare income taxes in the simplified format or is exempt.

Focus on succession. Much lower inheritance costs (does not have either legal or tax costs) Less time consuming (beneficiary receives the benefit in less than 30 days)

VGBL


Our Products - Brasilcap

Premium Bonds

Premium bonds products are an alternative way to accumulate reserves, allowing the bond holder to be entitled to participate in lottery. The award occurs through periodic drawings, being most frequent the usage of a combination of numbers in a pre-determined series, based on the Brazilian Lottery.

Chances of Contemplation

Ourocap From 1 in 10,000 to 1 in 1,000,000

Official Lottery 1 in 50,063,860


IR BB Seguridade

Contacts

Investor Relations Rua Manoel da Nóbrega, 1280 – 9º floor

04001-004 – São Paulo (SP) Telephone: +55 11 2105-8444

Fax: +55 11 2105-8499

www.bancodobrasilseguridade.com.br [email protected]

mailto:[email protected]

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