Itaúsa (ITSA4) AGM 2024 summary

Opening remarks and agenda

• Event opened with a welcome and overview of the agenda, including financial results, governance, strategy, and Q&A with CEOs from key portfolio companies.

• The agenda included discussions on transparency, governance, and strategic initiatives, as well as sector-specific panels covering finance, construction, energy, and infrastructure.

Financial performance review

• Reported Q3 2024 revenue of BRL 3.9 billion, a 13.3% increase year-over-year, with net assets at BRL 86.5 billion and net debt at BRL 0.9 billion.

• Portfolio market value at end of September 2024 was BRL 142 billion, with strong performance from investment companies, especially Itaú Unibanco.

• Shareholder returns highlighted by a 273% TSR over 10 years, outperforming benchmarks.

Dividend announcements

• Announced a 5% share bonus for shareholders, with fiscal benefits.

• Expectation of increased dividends for 2024, with potential extraordinary dividends from Itaú Unibanco at the start of next year.