4. 1Q11 Highlights
All main indicators showed improvement in the period...
Corporate Credit Portfolio*
4,462
5,792
(R$ Million)
29.8%
4,634
5,447
Total Funding
(R$ Million)
17.5%
Operating Income (R$ Milllion)
0.6%
47.9 48.2
1Q10 1Q11
Mar-10 Mar-11
Mar-10 Mar-11
(*) Includes private securities
Net Income (R$ Million)
4.3%
30.1 31.5
1Q10 1Q11
ROAE
-10 bps
15.3% 15.2%
1Q10 1Q11
NIM before Provision
6.4% 6.4%
1Q10 1Q11
Investor Relations| 1Q11 | 4/16
5. 1Q11 Highlights - Corporate
... with highlight for the Corporate business earnings.
Corporate business consistent performance
Close relationship with companies in various sectors, such as sugar and alcohol, infrastructure, renewable
energy and construction, among others
Positive contribution of all business lines: Corporate Credit, Sales Desk and PINE Investimentos
Net Income of R$35.4 million
ROAE of 17.2%
Corporate Income Breakdown
Corporate
Credit
77.7%
PINE
Investimentos
2.3%
Treasury
6.9%
Sales Desk
13.1%
1Q10
Corporate
Credit
69.0%
PINE
Investimentos
0.5%
Treasury
3.4%
Sales Desk
27.1%
1Q11
Investor Relations| 1Q11 | 5/16
7. Credit Portfolio Profile - Corporate
... growing in a diversified manner, both in sectors and products.
Credit Portfolio by Sector
Geographic Distribution
Electric and
Renewable
Energy
9%
Agriculture
9%
Construction
8%
Transportation
and Logistics
7%
Financial
Institutions
4% Meat packing
4%
Foreign Trade
4%
Telecom
3%
Southeast
Mid-West
14%
Northeast
6%
North
2%
South 69%
9%
Credit Portfolio by Product
Sugar and
Ethanol
17%
Infrastructure
10%
Specialized
Services
3%
Vehicles and
Parts
3%
Pharmaceutical
and Cosmetic
2%
Metal and
Mining
2%
Construction
Materials
2%
Other
13%
Working
Capital
54.7%
Trade
finance
10.3%
Resolution
BNDES
Guarantees
2770
Onlendings
15.2%
Bank
19.5%
0.2%
Investor Relations| 1Q11 | 7/16
8. Credit Portfolio Quality
…with a solid credit portfolio, in a more restrictive scenario.
Credit Portfolio Quality – March 2011 Non-Performing Loans
1.5%
1.3%
0.7%
0.6%
0.5%
Total Contract
Overdue
Installments
0.1%
0.7%
0.5%
0.4%
0.3%
0.1%
0.1%
More than 15
days
More than 30
days
More than 60
days
More than 90
days
More than
120 days
More than
180 days
AA-A
65.1%
B
25.6%
C
5.8%
D-E
1.4%
F-H
2.1%
Total Credit Coverage Collaterals
1.74%
90 bps
20 bps
2.45%
2.66%
Mar-10 Dec-10 Mar-11
Receivables
36%
Products
Pledge
42%
Property
Pledge
18%
Investments
4%
Investor Relations| 1Q11 | 8/16
9. Payroll-Deductible Loans Portfolio
Reduced impact coming from the retail business expected for 2011, due to the retail credit portfolio
run-off.
890
730
594
475
378
286
225
177
148
Payroll-Deductible Loans Portfolio
(R$ Million)
Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11
Payroll Deductible Loan Run-off Forecast -
126
74
*
Retail
(R$ Million)
31
11 3
Mar-11 Dec-11 Dec-12 Dec-13 Dec-14
*Portfolio assigned with recourse
Investor Relations| 1Q11 | 9/16
11. Funding and Credit Portfolio Maturities
... posting an 80 days positive gap between credit and funding.
R$ million
1,985
1,855
1,880
1,185
1,299
1,737
Credit
Funding
Average Maturity
Credit: 471 days
Funding: 551 days
98
780
404
From 3 to 5
years
More than 5
years
(*) Does not consider Shareholders' equity
-
398
42
No Maturity Up to 3
months
(includes Cash)
From 3 to 12
months
From 1 to 3
years
Investor Relations| 1Q11 | 11/16
12. Capital Adequacy Ratio (BIS)
BIS ratio remained at a comfortable level.
Public Offering
US$125 Million
Subordinated Notes
17.8% 18.7%
16.7%
BIS Ratio Tier II Tier I
11% - Minimum
Regulatoty Capital
15.1% 14.4% 14.6% 14.8% 13.8% 13.4%
0.8%
0.6%
0.5%
0.5% 0.5% 3.9% 3.6%
3.6% 3.7%
18,6% 19,3%
17,2%
15,6% 14,9%
18,5%
18,4%
17,4%
17,1%
February/2010
R$ Thousand BIS Ratio (%)
866,124
238,492
1,104,616
Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11
Tier I 13.4%
Tier I I 3.7%
Total 17.1%
Investor Relations| 1Q11 | 12/16
14. 2011 Guidance – BR GAAP
Maintenance of the guidance released in 4Q10.
Guidance
Corporate Credit Portfolio 20% - 25%
Administrative and Personnel Expenses 5% - 10%
NIM 5.5% - 7.5%
Corporate ROAE 17% - 20%
Investor Relations| 1Q11 | 14/16
15. 1Q11 Events and Highlights
Market Recognition.
PINE is ranked the 13th largest bank in Cetip’s overall derivatives ranking and the 3rd largest in
commodities hedge for clients
On April 6th, PINE’s corporate credit FIDC transaction was successfully completed. The amount
of the transaction was R$ 300 million, with a AA+ rating attributed by S&P
PINE was considered, for the second consecutive year, the best commercial bank in Brazil in the
World Finance Banking Awards. The award was created by British magazine World Finance.
Some of the most important criteria were: solutions for clients and optimization of
relationships, innovation and flexibility, and staying ahead of the competition
Investor Relations| 1Q11 | 15/16
16. Investor Relations
Norberto Zaiet Junior
CFO
Nira Bessler
Head of Investor Relations
Alexandre Cavalcanti
Investor Relations Manager
Alejandra Hidalgo
Investor Relations Analyst
Phone: +55-11-3372-5553 / 5552
www.bancopine.com.br/ir
ir@bancopine.com.br
This presentation contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of Banco Pine. These are
merely projections and, as such, are based exclusively on the expectations of Banco Pine’s management concerning the future of the business and its continued access to capital to fund the Company’s
business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Brazilian economy and the
industry, among other factors and risks disclosed in Banco Pine’s filed disclosure documents and are, therefore, subject to change without prior notice.
Investor Relations| 1Q11 | 16/16
