Banco do Brasil (BBAS3) Investor Day 2024 Presentation summary

Strategic vision and leadership

• Achieved record adjusted net income of R$35.6 billion in 2023, an 11.4% increase over 2022, and delivered the best performance on the Ibovespa in 2023 with a 76% gain.

• Emphasizes diversity, with 26.8% women and 28.2% underrepresented ethnic groups in leadership, aiming for 30% in both.

• Focuses on proximity, innovation, efficiency, integrity, and commitment to society as core values.

• Pursues a disciplined execution of corporate strategy, prioritizing customer experience, operational efficiency, and ESG leadership.

• Preparing for long-term sustainability, targeting consistent results for another 215 years.

Financial performance and guidance

• 2024 guidance projects adjusted net income between R$37 and R$40 billion, with ROE around 21%.

• Loan portfolio reached R$1,182.9 billion in June 2024, with a CAGR of 8.4% since 2010.

• Fee income guidance for 2024 is R$35.2 to R$36.5 billion, with a 5.8% CAGR since 2010.

• Subsidiaries and affiliates contributed R$17 billion in net income in 2023, up from R$5.8 billion in 2010.

• Cost-to-income ratio improved to 25.5% in 1H24, down from 42.6% in 2010.

Market leadership and business mix

• Holds 50% market share in rural producers, 19% in payroll loans, and 16% in asset management.

• Payroll loan portfolio reached R$133.7 billion in 1H24, with a 31% CAGR over 20 years.

• 41.3% of the loan portfolio is in agribusiness, with R$375 billion in agribusiness loans as of June 2024.

• 84.3 million customers, with 29.2 million active in digital channels and 72.3% of new customers under 40.

• 93% of transactions occur in digital channels, supported by a robust phygital strategy.