3Q12 Institutional Presentation
History and Profile
PINE
History
Business Strategy
Competitive Landscape
Focus on the Client
Corporate Credit
FICC
PINE Investimentos
Distribution
Pillars
Rating Upgrades
Summary
2/33Investor Relations | 3Q12 |
Rating Upgrades
Highlights and Results
Corporate Governance and PINE4
Organizational Structure
Corporate Governance
Committees
Dividends and Interest on own Capital
Appendix
History and Profile
PINESpecialized in providing financial solutions for wholesale clients…
Credit Portfolio by Annual Client Revenues
September 30th, 2012
Over R$1 billion56%
R$500 million to R$1 billion
18%
R$150 million to R$500 million19%
Up to R$150 million7%
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Profile
Focused on establishing long-term relationships
Profound knowledge and product penetration
Business is structured along four primary business lines:
• Corporate Credit: credit and financing products
• FICC: instruments for hedging and riskmanagement
• PINE Investimentos: Investment Banking andInvestment Management
• Distribution of Banking Products: Funding andinvestment solutions for foreign and localinvestors
18%
801 827 825
867
1,015
1,216
History...with extensive knowledge of Brazil’s corporate credit cycle.
1939Pinheiro Family
foundsBanco Central do
Nordeste
1975Noberto Pinheiro
End of 2007Focus on expanding the Corporate Banking franchise
Discontinuation of the payroll-deductible loan business
May, 2007Creation of PINE Investimentos product line and
opening of Cayman branch
2005
October, 2007Creation of the Hedging Desk
October, 2011Subscription of PINE’s capital by DEG
August, 2012 Subscription of PINE’s capital by DEG, Proparco, Controlling shareholder and management
November, 2012Opening of broker dealer in New York, PINE Securities USA LLC
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155 184 222 341 521 620 755 663 761 1,214
2,854
4,254 4,804
6,033
7,063 7,444
18 62
121 126 140 136 152 171 209
335
Dec-97
Dec-98
Dec-99
Dec-00
Dec-01
Dec-02
Dec-03
Dec-04
Dec-05
Dec-06
Dec-07
Dec-08
Dec-09
Dec-10
Dec-11
Sept-12
1997Noberto and Nelson Pinheiro sell their stake in BMC and
found PINE
March, 2007
IPO
Noberto Pinheiro becomes one of BMC’s controlling shareholders
Devaluationof the real
Nasdaq Sept. 11 Brazilian Elections
(Lula)
SubprimeAsian Crisis
Russian Crisis
European Community
May, 2012
15 years
Corporate Credit Portfolio (R$ Millions)
Shareholders' Equity (R$ Millions)
2005Noberto Pinheiro becomes PINE’s sole
shareholder
Business Strategy
Competitive LandscapePINE serves a niche market of companies that lack adequate banking options, seeking a bank that fully understands their needs.
100% Corporate
Large Multi-Services banks
Market
Consolidation of the banking sector hasdecreased the supply of credit lines and financialinstruments for corporates
Foreign banks are in a deleveraging process
PINE
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100% focused on providing complete service to companies, offering customized products
.
Corporate & SME
SME & Retail
Retail
Full service Bank – Credit, Hedging, andInvestment Bank products – with room forgrowth
~10 clients per officer
Competitive Advantages:
� Focus
� Fast response: Strong relationship withclients, with the credit committeemeeting twice a week and response timesto clients of no more than one week
� Specialized services
� Tailor-made solutions
� Product diversity
Foreign and Investment Banks
Focus Always on the ClientThe bank develops a strategy of product diversity, tailored to meet the needs of each client.
Working Capital
CDIs
Overdraft
Fixed Income
Currencies
Commodities
Equities
CDBs
CDs
RDBs
LCAs
LCIs
DebenturesCRIs
CCBs
Eurobonds
PrivatePlacements
Financial Letters
TreasuryDistribution
Local Currency
Foreign Currency
Pricing of Assets and Liabilities
LiquidityManagement
Trading
Working CapitalUnderwriting
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BankGuarantees
Exclusive Funds
Portfolio
Management
Swap NDFsStructured Swaps
BNDES Onlending
Bank Guarantees
Compror
ACC/ACE
Export Finance
Finimp
Letters of Credit
2,770 onlending
OverdraftAccounts
Syndicated andStructured Loans
ClientsCorporateCredit
FICC
PINEInvestimentos
Capital Markets
Financial Advisory
Fixed Income Currencies
Commodities
Local Currency
Onlending
Foreign Currency
Trade FinanceParticipation
Funds
Options
Corporate & StructuredFinance
M&A
Project Finance
StructuredFinance
InvestmentManagement
Private Credit Funds
Real Estate Funds
Rural Credit
Corporate Credit
Actions Credit Committee
Strong track record and solid credit origination and approval process.
Meets twice a week – reviewing 20 proposals on average
Minimum quorum: 4 members - attendance of CEO orChairman is mandatory
Members:
Chairman of the Board
CEO
Chief Operating Officer
Chief Administrative Officer
Chief Risk Officer
Personalized, agile service, working closely with clientsand keeping a low client to account officer ratio: eachofficer handles ~10 economic groups on average.
Geographic coverage of clients, providing the bank withlocal and extremely up-to-date credit intelligence andinformation.
Established long term relationships with more than 600economic groups
Origination network is comprised of 11 branches dividedinto 14 origination platforms in Brazil’s major economiccenters
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Credit Approval: Electronic Process
Origination OfficersOrigination Officers
Credit origination Credit analysis, visit to clients, data updates, interaction with internal
research team
Credit AnalystsCredit AnalystsRegional Heads of
Origination and Credit Analysis
Regional Heads of Origination and Credit
Analysis
Presentation to the Credit Committee
CRO, Executive Directors and Analysts
of Credit
CRO, Executive Directors and Analysts
of Credit
Centralized and unanimous decision making process
CREDIT COMMITTEE CREDIT COMMITTEE
Chief Risk Officer
Participants:
FICC Executive Director
Credit Analysts
Other members of the Corporate Banking origination team
centers
More than 30 credit analysts, assuring that analysis isfundamentally driven and based on industry-specificintelligence
Efficient loan and collateral processes, documentation,and controls, which has resulted in a low NPL track record
Discussion on sizing, collateral, structure, etc.
FICC
Client Notional Derivatives Portfolio by Market Notional Value and MtM
PINE is the 2nd player in commodity derivatives1.
September 30th, 2012 R$ millions
Commodities22%
Fixed Income22%
Currency56%
3,709 3,712 4,287 4,720 4,875
178 157 126
256 238
358 354 354
597 629
Notional Value
MtM
Stressed MtM
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Market Segments Portfolio Profile
Scenario on September, 30th
Duration: 210 days
Mark-To-Market : R$238 million
Stress Scenario (Dollar: +31% and Commodities Prices: -30%):
Stressed MTM: R$629 million
1Source: Cetip Report, September 2012
Fixed Income: Fixed, Floating, Inflation, Libor
Currencies: Dollar, Euro, Yen, Pound, Canadian Dollar,Australian Dollar
Commodities: Sugar, Soybean (Grain, Meal and Oil), Corn,Cotton, Metals, Energy
22%
Sept-11 Dec-11 Mar-12 Jun-12 Sept-12
PINE InvestimentosConsolidation of the Investment Banking franchise.
Transactions
Capital Markets: Structuring and Distribution of Fixed
Income Transactions.
Financial Advisory: Project & Structured Finance, M&A,
and hybrid capital transactions.
Assets under Management: Fixed Income, Credit Funds,
Exclusive Mandates.
R$ 90,400,000
September, 2012
Debentures
Coordinator
R$ 36,000,000
August, 2012
Debentures
Lead Coordinator
R$ 90,000,000
July, 2012
Debentures
Coordinator
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Volume of Underwriting Transactions RevenuesR$ Millions R$ Millions
242
346
217
623
880
3Q11 2Q12 3Q12 9M11 9M12
2
18 1814
52
3Q11 2Q12 3Q12 9M11 9M12
September, 2012August, 2012July, 2012
4,209 4,801 5,046
973 1,447 1,679
6,2485,182 6,725
Distribution
Actions Funding
Investment alternatives in local and foreign currency to domestic and foreign investors.
Responsible for serving investors, offering traditionalinvestments and also alternatives tied to the creditorigination platform, capital markets, and assetmanagement.
It counts on PINE’s expertise in structuring andintermediating fixed income transactions.
Divided by type of investors to provide tailor madesolutions.
International
Local
R$ Millions
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Sept-10 Sept -11 Sept-12
Family Offices
Individuals
Corporates
Asset Managers
Financial Institutions
Pension Funds
Foreign Investors
Market SegmentsInvestors
Local Currency
Traditional investments (local deposits such as CDB/RDB/CDI,LCA/LCI)
Senior and subordinated local notes
Debt Capital Markets (CCBs, Debentures, FIDCs, CRIs, CRAs,CDCAs, among others)
Foreign Currency
Time Deposits and CD – Certificate of Deposit
Senior and Subordinated bonds issued by PINE
Debt Capital Markets (CCB, Credit Fund, Bonds) – through CreditLinked Notes
PillarsStrategy supported by solid fundamentals, built and achieved over the years…
Strong and motivated team
Meritocracy
Right incentives
Highly qualified team
Adequate capital structure
Capital Adequacy Ratio (BIS) of 17.0%
Regulatory Capital: R$1.4 billion
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Corporate clients
Strong relationship
Customized service
In-depth knowledge of client needs
Product diversity
Efficient funding structure
Longer average maturities: 16 months (Sept/12)
Greater diversification of funding sources
USD25 million 10 year funding with Proparco
Rating Upgrades...with market recognition and positive evaluation by rating agencies.
On December 7th, 2011:
PINE’s rating in global scale, toBB+ from BB- (two notches)
PINE’s rating in national scale, tobrAA from brA (three notches)
On August 23rd, 2011:
Local currency rating, to brA from
On May 14th, 2012
Foreign and Local Currency Long-Term IDR to 'BB' from 'BB'-
National Long-Term Rating to'A+(bra)' from 'A(bra)'
Viability rating upgraded to 'bb'from 'bb-'
Banco Pine S.A. USD 125 million
On August 23rd, 2012:
PINE’s outlook upgraded to Positive
14/33Investor Relations | 3Q12 |
Local currency rating, to brA frombrA-
Reaffirmed the Rating in foreigncurrency in BB-
Revision from PINE’s outlook topositive
Banco Pine S.A. USD 125 millionSubordinated notes to 'B+' from 'B'
Fitch attributed this upgrade to thediversification of PINE's funding profile and itsgood assets and liabilities management,provided by the adequate match of the creditand funding books. In addition, the Agencyconsidered that the positive liquidity gapallied with the good cash position evidencesthe Bank's overall solid financial strength.According to the Agency, the Bank’s continuedincrease in fee income, mainly due to higherproduct penetration, is a good indicator of thesuccessful maintenance of profitability levels.
The agency based its ratings on the strongasset-quality, adequate liquidity, capital, andearnings. S&P also emphasizes the gradualfunding diversification, through foreignissuances, securitizations, and the recentcapital increase subscribed by DEG.
Moody's explained that the positive outlookreflects PINE’s profitability through a well-executed strategy, and which has ensuredearnings recurrence. The rating action alsocaptures the bank's improved fundingdiversification, well managed asset qualitymetrics and its good liquidity and capitalmanagement.
Highlights and Results
3Q12 Events and Highlights
US$30 million, 7-year funding transaction with the Global Climate Partnership Fund (GCPF), fund backedby the German Government with the KFW Bankengruppe, the Government of Denmark and IFC, andmanaged by Deutsche Bank.
Approval by the Central Bank of the first phase of the capital increase in the amount of R$139.6 million.Amount already incorporated into shareholders´equity.
Positive revenue contributions from all business lines in 9M12: 60.2% from Corporate Credit, 17.6% fromHedging Desk, 11.2% from Treasury and 11.0% from PINE Investimentos, which continues to demonstratethe recurring nature of these revenue streams.
Positive liquidity gap maintained for over 10 quarters: 14 months for credit versus 16 months for funding.
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Positive liquidity gap maintained for over 10 quarters: 14 months for credit versus 16 months for funding.
Highly liquid balance sheet, with a strong cash position of R$1.4 billion, or 41% of time deposits.
Nominated by the International Finance Corporation (IFC), as the best issuing bank, in recognition ofPine´s support of the energy efficiency sector.
Ranked amongst the 15 largest players in the CETIP derivatives ranking, and 2nd largest in commodityderivatives.
9th largest bank in Brazil in offering credit to large corporates, 15th in credit to companies, and 5th inwealth generated per employee, according to the “Melhores e Maiores” ranking compiled by Examemagazine.
3Q12 Financial HighlightsThe main performance indicators continued to show positive development in the period…
R$ Millions
6,875 7,444
Sept-11 Sept-12
Total Credit Risk1
8.3%
6,248 6,725
Sept-11 Sept-12
Total Funding
7.6%
982
1,216
Sept-11 Sept-12
Shareholders' Equity
23.8%
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¹ Includes Letters of Credit to be used, Bank Guarantees, Credit Securities to be Received, and Private Securities (bonds, DRIs, eurobond,s and fund shares)
17.3% 17.7%
3Q11 3Q12
ROAE
170 bps
19.0%2
38 47
3Q11 3Q12
Net Income
23.7%
Sept-11 Sept-12 Sept-11 Sept-12 Sept-11 Sept-12
15
28
3Q11 3Q12
Fee Income
86.7%
2 Excludes capital increase of R$139.6 million incorporated into shareholders´equity
Product and Revenue Diversification ...with contributions from all business lines, fruits of the strategy of complete service to clients.
Clients with more than one Product Penetration Ratio – Clients with more than one Product
59% 60% 63%
41% 40% 37%
More than 1 product 1 product
2.8
2.9
2.8
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Revenue MixSept-10 Sept-11 Sept-12 Sept-10 Sept-11 Sept-12
Corporate Credit65.9%
FICC25.3%
Treasury4.9%
PINE Investimentos
3.9%
9M11
Corporate Credit60.2%
FICC17.6%
Treasury11.2%
PINE Investimentos
11.0%
9M12
Loan Portfolio1
The portfolio has maintained its product distribution…R$ millions
881 883 883
822 800 827
1,022 1,117 1,372
1,534 1,687 1,684 1,599 1,699
555
533 622
772
756 782
1,021 1,154 942
336
269 230
190124 100
8164 47
Retail
Trade finance
Guarantees
5,6136,033 6,057
6,5456,875 7,063
7,4267,641 7,444
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¹ Includes Letters of Credit to be used, Bank Guarantees, Credit Securities to be Received, and Private Securities (bonds, DRIs, eurobonds, and fund shares)
3,251 3,358 3,132 3,126 3,300 3,286 3,370 3,332 3,174
4 75 172
279 325 386 670 783644 846 881 912
881 883 883
800 827
Sept-10 Dec-10 Mar-11 Jun-11 Sept-11 Dec-11 Mar-12 Jun-12 Sept-12
BNDES Onlending
Private Securities
Working Capital
Loan Portfolio Quality
Loan Portfolio Quality Non Performing Loans > 90 days
... with quality, collaterals, and adequate credit coverage.
September 30th, 2012
0.5%
0.6% 0.7%0.6%
0.8%
0.2% 0.2%0.2% 0.2%
0.4%
Contracts overdue
Installments Overdue
AA-A
B40.5%
C11.7%
D-E2.5%
F-H1.6%
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Credit Coverage Collaterals
Products Pledge47%
Receivables26%
Properties Pledge22%
Investments3%
Guarantees2%
2.7%
3.7% 3.5%
Sept-11 Jun-12 Sept-12
+80 bps
Sept-11 Dec-11 Mar-12 Jun-12 Sept-12
AA-A43.7%
1.6%
Active Loan Portfolio Management
3Q12 2Q12
Sugar and Ethanol; 19%
Construction10%
Electric and Renewable Energy;
9%
Specialized Services; 4%
Vehicles and Parts; 4%
Beverages and Tobacco; 4%
Metal and Mining; 3%
Food Industry; 3%
Chemicals; 3%
Financial Institutions; 2%
Meatpacking; 2%
Telecom2%
Others; 9%
Sugar and Ethanol16%
Construction12%
Electric and Renewable Energy
10%Specialized
Metal and Mining4%
Vehicles and Parts4%
Beverages and Tobacco
3%
Food Industry3%
Telecom2%
Chemicals2%
Financial Institutions
2%
Construction Material
2%
Others9%
21/33Investor Relations | 3Q12 |
Reduction of exposure to the Sugar and Ethanol sector, from 19% to 16%;
Increased participation in other sectors such as Electric and Renewable Energy, Transportation and Logistics,
Foreign Trade;
Reshuffle of the 20 largest clients in approximately 25%;
Reduced relative participation of the top 20 clients when compared to shareholders equity by 6%, or 17% when
considering the capital increase; and
20 largest clients represented 27% of the total portfolio.
Agriculture; 9%
Infrastructure; 7%Foreign Trade; 5%
Transportation and Logistics; 5%
10%
Agriculture9%
Infrastructure6%
Transportation and Logistics
6%
Foreign Trade6%
Specialized Services
4%
FundingDiversified sources of funding…
R$ millions
31 33 626 829 898 867 867 868 813
829 -
21 33
247 256 281 291 553
561
194
194 185
205 237 246 233
295 260
200
160 282
267 310 353 276
234 156
166 158
155
84 86
250 125
118 180
413 377
435
596 814
753 841
1,089 1,083
Trade Finance
Private Placements
Multilateral Lines
International Capital Markets
Local Capital Markets
5,3225,437
5,182
5,9026,248
6,544 6,4216,933 6,725
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1,654 1,592 1,720 1,845 1,965 2,130 2,128 2,153 2,056
1,463 1,530 1,114 1,287 1,253
1,196 1,186 1,228 1,177
198 214 218
212 228 250 281 223 213 224 320
272 210 165 106 161 194
176 46 42
41 53 66 112 31 33
33 626
829
867 898 867 829
Sept-10 Dec-10 Mar-11 Jun-11 Sept-11 Dec-11 Mar-12 Jun-12 Sept-12
BNDES
Demand Deposits
Interbank Time Deposits
High Net Worth Individual Time Deposits
Corporate Time Deposits
Institutional Time Deposits
Asset & Liability Management... presenting a positive gap between credit and funding.
Matching of Transactions
CREDIT FUNDING
BNDES BNDES
Trade Finance Trade Finance
Deposits
Working Capital, Private Securities1 And Cash
Financial Bills
Intl. Funding
Loan / Total Funding
80%76%
81%76%
73%
23/33Investor Relations | 3Q12 |
ALM Deposits vs. Total Funding
Intl. Funding1 Includes debentures, CRIs, eurobonds, and fund shares
R$ MillionsR$ Millions
Sept-11 Dez-11 Mar-12 Jun-12 Sept-12
-
2,947
2,165
1,363
494
118 33
1,739
2,155
1,679
957
162
No maturity Up to 3 months
From 3 to 12 months
From 1 to 3 years
From 3 to 5 years
More than 5 years
Credit Funding
59% 55% 54%
41% 45% 46%
Sept-11 Jun-11 Sept-12
Others
Total Deposits
6,9336,248 6,725
Capital Adequacy Ratio (BIS)BIS ratio reached 17.0%.
Tier II Tier I
Minimum Capital Requirement (11%)
3.6%3.6% 3.7% 3.4%
4.5%4.2%
3.1% 3.3%3.0%
18.4%17.4% 17.1% 16.6%
19.6%18.5%
16.4% 15.9%17.0%
24/33Investor Relations | 3Q12 |
14.8% 13.8% 13.4% 13.2%15.1% 14.3% 13.3% 12.6%
14.0%
Sept -10 Dec -10 Mar -11 Jun -11 Sept -11 Dec -11 Mar -12 Jun -12 Sept -12
R$ million BIS Ratio(%)
Tier I 14.0%
Tier II 3.0%
Total 17.0%
1,210
256
1,466
Capital IncreaseCentral Bank approved the capital increase announced in August 2012.
The capital increase resulted in the issuance of 6,558,123 common shares in the amount of R$93,649,996.44,and 3,220,203 preferred shares, totaling R$45,984,498.84, at a unit price of R$14.28.
Summary
Total of R$139.6 million
Total Shares Subscribed: 6,558,123 common shares and 3,220,203 preferred shares:
� 2,100,839 by DEG;
� 519,577 by Management;
� 587,732 by minorities; and
� 12,055 left overs subscribed by minority shareholders.
25/33Investor Relations | 3Q12 |
With the aproval of the Central Bank, the shareholders´ structure is as follows:
� 12,055 left overs subscribed by minority shareholders.
Common Preferred Total %
Controlling Shareholder 58,444,889 15,595,863 74,040,752 68.2%
Management - 5,923,784 5,923,784 5.5%
Free Float - 28,271,724 28,271,724 26.0%
Individuals - 2,734,411 2,734,411 2.5%
Institutional Investors - 11,330,025 11,330,025 10.4%
DEG - 5,005,067 5,005,067 4.6%
Foreign Investors - 9,202,221 9,202,221 8.5%
Treasury - 394,840 394,840 0.4%
Total 58,444,889 50,186,211 108,631,100 100.0%
For managerial purposes, minority shareholders were considered individuals.
Corporate Governance and PINE4
Management StructureNon-bureaucratic, entrepreneurial, and meritocratic culture with a flat hierarchy, speeding the decision making process.
CEONoberto N. Pinheiro Junior
INTERNAL AUDITTikara Yoneya
COMPENSATION COMMITTEE
AUDIT COMMITTEEEXTERNAL AUDIT
PWC
Noberto Pinheiro Noberto Pinheiro Jr Maurizio Mauro Gustavo Junqueira Mailson da Nóbrega Antonio Hermann
Chairman Vice Chairman IndependentDirector
ExternalDirector
IndependentDirector
IndependentDirector
BOARD
27/33Investor Relations | 3Q12 |
COO Norberto Zaiet
CROGabriela Chiste
CAOUlisses Alcantarilla
CFOSusana Waldeck
Origination
Investment Banking
Sales & Trading
Research Macro / Commodities
International
Asset & Liabilities Back Office
Legal
Collaterals Management
Special Situations
Middle Office
Controlling
Accounting
Tax Planning
IT
Accounts Payable
Office Management
Marketing
Investor Relations
Credit and F.I. Research
Compliance & InternalControls
Credit, Market ,andLiquidity Risks
HUMAN RESOURCESSidney Vilhena
Corporate GovernancePINE commits to best corporate governance practices…
Three independent members and one external member on the Board of Directors
Mailson Ferreira da Nóbrega: Brazil’s Finance Minister from 1988 to 1990
Maurizio Mauro: Former CEO of Booz Allen Hamilton and Grupo Abril
Antonio Hermann: Former CEO of Banco Itamarati, Director at FEBRABAN and elected Director ofBrazilian Banking Association
Gustavo Junqueira: Former Head of PINE Investimentos, Member of the Board of Directors atEZTEC, Financial Advisor at Arsenal Investimentos and CFO at Gradiente Eletrônica
São Paulo Stock Exchange (BM&FBovespa) Level 2 Corporate Governance
28/33Investor Relations | 3Q12 |
São Paulo Stock Exchange (BM&FBovespa) Level 2 Corporate Governance
Audit and Compensation Committee reporting directly to the Board of Directors
100% tag along rights for all shareholders, including non-voting shares
Arbitration procedures for fast settlement of litigation cases
First Brazilian bank to release BR GAAP and IFRS quarterly
Committees…favoring collective decision making.
Main decisions are taken by committees: Board of Directors and a structure of specific committees
Non-stop exchange of knowledge, ideas, and information
Transparency
45 days
RISK COMMITTEE
AUDIT COMMITTEE
BOARD OF DIRECTORS
COMPENSATION COMMITTEE
29/33Investor Relations | 3Q12 |
CEO
Twice a week WeeklyMonthly Bi-monthly Every 2 monthsWeekly Monthly Quarterly On demandBi-monthly
Bi-annually Monthly45 days
COMMITTEES
CREDITASSET & LIABILITY
COMMITTEE ALCO
EXECUTIVE LITIGATIONHUMAN
RESOURCESINVESTMENT
BANKPERFORMANCE EVALUATION IT ETHICS
COMPLIANCE
INTERNAL CONTROLS AND COMPLIANCE
Dividends and Interest on Own CapitalPINE has delivered an attractive dividend yield paying dividends/interest on own capital on a quarterly basis.
25 25
33
45
30
35
40
35
55
40
30
R$ millions
30/33Investor Relations | 3Q12 |
25 25
2H07 1H08 2H08 1H09 2H09 1H10 2H10 1H11 2H11 1H12 3Q12
Appendix
Social
Instituto Alfabetização Solidária
Instituto Casa da Providência
Sports
Minas Tênis Clube: training program forathletes
Most Green Bank
Recognized by the International FinanceCorporation (IFC), private agency programs ofthe World Bank as the most "green" bank as a
Social Investment and Responsibility
PINE supports and promotes the Brazilian culture and sports
Culture
Paulo von Poser: exhibit of the painter Paulovon Poser, who is one of Brazil’s most prominentartists
Quebrando o Tabu: documentary based on theanalysis from the former President of Brazil,Fernando Henrique Cardoso, on the fight againstdrugs
Além da Estrada: motion picture, whichreceived the award for best director in the 2010Rio Festival
Responsible Credit
“Lists of Exceptions”: the Bank does not finance
32/33Investor Relations | 3Q12 |
the World Bank as the most "green" bank as aresult of its transactions under the GlobalTrade Finance Program (GTFP) and its onlending to companies focused on renewableenergy and ethanol
Global Compact
PINE joined the Global Compact initiative inOctober 2012. The UN initiative mobilizes theinternational business community to adoptfundamental and internationally acceptedvalues in their business practices in the areasof human rights, labor relations, environmentand combating corruption, which are reflectedin ten principles.
“Lists of Exceptions”: the Bank does not financeprojects or those organizations that damage theenvironment, are involved in illegal laborpractices or produce, sell or use products,substances or activities considered prejudicial tosociety.
System of environmental monitoring, financed bythe IADB and coordinated by FGV, and internally-produced sustainability reports for corporateloans.
Investor Relations
Noberto N. Pinheiro Júnior
CEO
Susana Waldeck Norberto Zaiet Junior
CFO / IRO COO
Raquel Varela
Head of Investor Relations
Alejandra Hidalgo
Investor Relations Manager
33/33Investor Relations | 3Q12 |
This report may contain forward-looking statements concerning the business prospects, projections of operating and financial results and growth outlook of PINE. These are merely projections and as suchare based solely on management’s expectations regarding the future of the business. These statements depend substantially on market conditions, the performance of the sector and the Brazilian economy(political and economic changes, volatility in interest and exchange rates, technological changes, inflation, financial disintermediation, competitive pressures on products and prices and changes in taxlegislation) and therefore are subject to change without prior notice. Given that PINE is in quiet period because of the issuance of Financial Bills of its 2nd public issuance, we recommend that any potentialinvestor read in conjunction with this Press Release, the Final Prospectus (in particular the section "Risk Factors") and the documents incorporated by reference to it, such as PINE's Reference Form,available on its website (www.pine.com/ir).
Investor Relations Manager
Ana Lopes
Investor Relations Analyst
Fone: +55-11-3372-5343
www.pine.com/ir