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Investor Relations | page 1 Unibanco and Unibanco Holdings, S.A. Consolidated Earnings 4 th Quarter 2005 February 17 th , 2006 Investor Relations

Unibanco and Unibanco Holdings, S.A. Consolidated Earnings 4 th Quarter 2005

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Unibanco and Unibanco Holdings, S.A. Consolidated Earnings 4 th Quarter 2005 February 17 th , 2006. Investor Relations. Performance. 4Q05. 2005. D 2005 / 2004. Net Income. R$1,838 million. R$509 million. +43.3%. Operating Income. R$2,921 million. +49.0%. R$748 million. 24.2%. - PowerPoint PPT Presentation

Text of Unibanco and Unibanco Holdings, S.A. Consolidated Earnings 4 th Quarter 2005

Apresentação do PowerPointConsolidated Earnings
43.3% net income growth, 2005 versus 2004
7.2% net income growth, 4Q05 versus 3Q05
Improvement in efficiency ratio: 49.2% in 4Q05 from 59.5% in 4Q04
Individuals: 31.1%
1.0% decrease in personnel and administrative expenses, 4Q05 versus 4Q04
Over the year, an increase of 0.7%
25.4% total annual growth
Units were included in the Ibovespa Index in May
Ibovespa’s best performing stock during 2H05, with a 72% gain
The largest increase in weighting within Ibovespa, 59%
33% free float increase
4.9%
0.5%
1.6%
1.5%
4.4%
2000
2001
2002
2003
2004
Loan portfolio/ GDP ratio: 31.3%1
+ 21.5%
2.5%
2005(E)
0
10
20
30
40
50
60
70
1998
1999
2000
2001
2002
2003
2004
2005
0
1
2
3
4
5
6
19.0% loan portfolio growth, 2005 versus 2004
Lead manager in the issuance of 18 debentures, ranking 1st by number of transactions and 2nd in origination and distribution
2nd place in BNDES-Exim modality, reaching a 18% market share, and 3rd place in BNDES general ranking
Manager in 4 of the main Brazilian stock public offerings, totaling approximately US$1.5 billion - including the participation as lead manager of Unibanco’s Units and GDSs offering, the largest equity deal in Brazil since 2002
Top 10 Research House, according to Institutional Investor. 1st place in Consumer Goods category and 3rd place in Aerospace, Transportation and Industrials category
Retail segment surpassed 20 million clients
Expansion of Fininvest and Hipercard operations
SuperPoupe deposits reached R$3 billion
New positioning
New service model in the branch network, the “Novo Modelo de Atendimento”
New logo
Wealth Management
Leadership in property, aviation, D&O, energy, and extended warranty products
Increase in the participation at IRB-Brasil Re to 11%
Issuance of the first environmental insurance policy in Brazil
Combined Ratio of 95.4% in 4Q05, the best ever for Unibanco AIG Seguros
31.4% growth in Insurance and Private Pension Plans Technical Reserves in 2005
Private Bank ranked 2nd in assets under management, with a 11.4% market share
Rating AMP1 (very strong) by Standard & Poors Rating Services
Top “Gestão de Renda Variável” asset management award - by Valor Econômico newspaper
Businesses Highlights
Jan Quarterly Interest on Capital Stock
Mar New Marketing Campaign
New Service Model
A more transparent and agile bank, working to surpass client expectations
Quarterly payments of Interest on Capital Stock
Related to the year 2005, Unibanco declared R$ 617 million in Interest on Capital Stock/Dividends, up 38% from 2004
Selling Shareholders: Commerzbank and BNL
Offering size: 6.6% of Unibanco’s capital
Price: R$15.65 per Unit
Financial volume: R$718.3 million
Jul Perpetual Bonds
0.984% weight at the time of inclusion in the Ibovespa index
Since their inclusion in the Ibovespa, the Units achieved the largest weighting gain in the index’s portfolio
Units current weight in the Ibovespa is 1.564%
Issuance of Perpetual Bonds in July 2005: US$500 millions
8.70% annual coupon
Call Option: subject to redemption, in whole, in Jul-2010 or in any subsequent interest payment date occurring thereafter
2005 Highlights
Dec Unibanco Units were Ibovespa’s best performers during 2H05
Selling Shareholder: CGD (Caixa Geral de Depósitos)
Offering size: 12.3% of Unibanco’s capital
Price: R$20.49 per Unit and US$44.00 per GDS
Financial Volume: R$1,765 million
Demand: 3.0x Book
Until February 15, the Units and GDSs appreciated by 70% and 87%, respectively
72% return versus 34% of Ibovespa
ADTV1 increased by 340.9%, reaching R$19.4 million in 2005, from R$4.4 million in 2004
ADTV1 for 4Q05 peaked up to R$21.0 million at Bovespa and US$43.8 million at NYSE
2005 Highlights
Investor Relations | page *
Feb-06 Moody's upgrades Unibanco's Financial Strength Rating
The index is an initiative of Bovespa, in partnership with IFC (International Finance Corporation)
ISE’s purpose is to measure the return of a theoretical portfolio comprised by shares of companies committed to social responsibility and corporate sustainability
Units current weight in the ISE index is 9.569%
According to the agency, this upgrade “reflects Unibanco's consistently robust core earnings and the management's ability to steer the bank towards higher-yielding businesses, while maintaining asset quality and controlling costs”.
2005 Highlights
Dec-05
50%
50%
46%
44%
67%
33%
Retail
54%
56%
Investor Relations | page *
2,794
4,001
Dec-04
Dec-05
3,682
4,609
Dec-04
Dec-05
5,629
7,335
Dec-04
Dec-05
30.3 %
25.2%
43.2%
(137)
(101)
(601)
9.4%
9.7%
10.3%
10.8%
4Q04
1Q05
2Q05
3Q05
4Q05
10.8%
Corporate
Individuals
Consumer Finance Companies
Investor Relations | page *
Allowance for Loan Losses/
R$ millions
72,895
70,254
66,510
1,880
1,662
3,270
3,241
891
851
Fees from Services Rendered/ Personnel and Adm. Expenses
62%
66%
64%
64%
156%
186%
161%
171%
4Q04
4Q05
2004
2005
FX Rate R$/US$ (end-of-year) 2.34 2.25
SELIC (end-of-year) 18.00% 14.75%
Trade Balance Surplus (US$) 44.8 bln 39.0 bln
Investor Relations | page *
Additional cross-selling initiatives
Investor Relations Area at
phone: 5511-3097-1980
fax: 5511-3097-1585
email: [email protected]
site: www.ir.unibanco.com