1

Brazil 2009 Tenth Annual CEO Brazil 2009 Tenth Annual CEO

ConferenceConference

2

We create value to our shareholders...We create value to our shareholders...

1 Consolidated

Recurring ROE %Net ROE %

Recurring Net IncomeNet Income

3.0

2004

4.2

2005

3.4

6.0

2006

3.7

5.9

2007

5.1

8.8

2008

6.7

R$ billion

239.0

2004

253.0

2005

296.4

2006

367.2

2007

507.3

2008

CAGR: 20.7%CAGR: 20.7%

Assets1 - R$ billion

Recurring ROA ROA

1.3

2.11.8

1.31.4

2.6

1.5

2.2

1.3

1.7

22.8 22.219.5

24.7

23.026.8

32.1 32.5

26.1

22.5

3

Administrative Expenses

9% - 12%

Domestic Credit Portfolio

Total: 13% - 17%

Recurring ROE

19% - 22%

Tax Rate

26% - 29%

Domestic Credit Portfolio

Individuals: 23% - 25%

Companies: 16% - 19%

Agribusiness: 2% - 5%

Total Deposits

10% - 14%

Provision for

Loan Losses

3.8% - 4.2%

Fee Income

5% - 8%

Net Interest Margin

6.8% - 7.2%

… … which is also seen in our 2009 commitments.which is also seen in our 2009 commitments.

4

Relating to credit, we foresee…Relating to credit, we foresee…

Companies

Auto Loans

Payroll Loans

• Leverage the public servant customer base from payroll purchases and state banks acquisitions.

• BNDES disbursement leadership.

• Capital Markets structure strengthening.

• Operational activities specialization and centralization.

• Increase share in the credit

cooperative market.

• Keep up as SME’s main partner.

Individuals

• Synergic join venture with Banco Votorantim aiming at auto loans market share growth.

5

105N

ethe

rland

s75

Eng

land

69

US

A

50

Por

tuga

l

43

Ger

man

y

36

Japa

n

26

Fra

nce

17

Chi

le

14

Italy

11

Chi

na

4

Arg

entin

a

2

Bra

zil

Mortgage- % GDP

3

2004

5

2005

10

2006

18

2007

30

2008

291

2009

361

2010

Disbursements2 - R$ billion

Business opportunities

• Assets growth• Income fees increase• Customer base expansion and fidelity• Companies financing

5% mortgage market share by 2013.5% mortgage market share by 2013.

1 Estimates

Source: ABECIP

2 Banking Industry - Savings

6 1 Source: MAPA, Crop 2018/2019 expected growth in relation to Crop 2007/2008

• Recovery of international demand

• Strong domestic market

• Production raise capacity

• USA subsidies decrease

• Agro-energy

Keep operations

under reserve

requirements level

Grow Agro book

but decrease

its share in BB’s total credit portfolio

Maintain

Market

Leadership

Increase risk

mitigators use

Agro book

mostly with

controlled rates

Reduce over

rolled book

Focus on short term

operations

Improve Agro book

risk

Social-environmental Responsibility

Soybean + 34.7%Corn + 25.0%Meat + 51.1%

Brazilian ProductionGrowth1

Opportunities Banco do Brasil’s Guidelines

Banco do Brasil’s Agribusiness market share maintenanceBanco do Brasil’s Agribusiness market share maintenance..

7

Active role in the Foreign Trade with efficiency gains.Active role in the Foreign Trade with efficiency gains.

Foreign Exchange

US$ 73 billion

ExportingUS$ 44 billion

28% share

ImportingUS$ 29 billion

25% share

Financing

US$ 17 billion

Exporting

US$ 14 billion

Importing

US$ 3 billion

Initiatives BB

• Online Foreign Trade / Digital Signature

• Documents Digitalization / Electronic File

• International Trade Bureau

• Vanguard in Foreign Trade Credit Card

• Consult and training in international business

2009 Estimates

8

Cards’ Market Opportunities: 22% market share by 2014.Cards’ Market Opportunities: 22% market share by 2014.

Cards’ Market Billing Potential

with the perspective of

market share increase by BBInitiatives BB

• Multiple Functions Card.

• Access to a different kinds of credit

• Platform integrated to banking

services granting more synergy

with check account.

• Replacement of other payment

means.

• Low income customers attractions.

R$ billion

04 05 06 07 08 09 10 11 13

900

1412

867

741

630

532Priv

ate Label

446

375

302245

200159

Debit

Credit

1 Souerce: ABECS, BCG/BB analysis.

Share BB - 22% 201415.6% Share BB – 17%

9

Insurance: doubled by 2013 following market expansionInsurance: doubled by 2013 following market expansion..

17.4

Eng

land

11.2

Fra

nce

10.5

Japa

n

8.9

US

A

7.5

Italy

7.0

Ger

man

y

5.3

Spa

in

4.9

Indi

a

3.2

Chi

le

2.8

Bra

zil

Insurance ( % GDP ) - 2006 Ranking

Expected market by 2013:

Capitalization - R$11 billion

Supplementary Pension Plan - R$68 billion

Auto - R$32 billion

Life - R$18 billion

Health - R$12 billion

BB Initiatives

• Intensify selling through brokerages

• Grow cross-selling in traditional means

• Grow selling through call center and Internet

• Grow partnerships

10

Processes optimization due to improvements in technology Processes optimization due to improvements in technology and back-office model seeking productivity gains and back-office model seeking productivity gains

Back-office model restructuring and IT platform modernization

Linux install in all

automated teller

machines

Mainframe

structure and

processing revision

Modernization of BB’s ATMs network, the

largest of Latin America

Back-office

platform creation

all around Brazil

New data ware center

Digitalization of all

documents, including the

pre-existing ones

11

Business management generate sustainable resultsBusiness management generate sustainable results. .

Regional Sustainable Development

Families Involved - thousands

71

20

05

2312

00

6

726

20

07

1,211

20

08

1,300

20

09

1,700

20

10

2,100

20

11

2,500

20

12

3,000

20

13

Sustainability in BB’s businesses.

Economic Environmental

Processes, Products

andServices

Social

Credit and Socio-

environmental analysis

Transparency

GRI

Eco-efficiency

Program

Agenda 21

12

Customers Return ExpansionCustomers Return Expansion

Ease Access

ATMs

Distribution Alternative Means

Diverse Product Portfolio

New Products Portfolio

New Technologies

Wide Distribution Network

+

48 48 millionmillion

CustomersCustomers

9 million9 million

Organic GrowthOrganic Growth11

8.2% a.a.8.2% a.a.

+

1 Check Accounts CAGR since 2004

13

Further details at bb.com.br/ri

Investor RelationsSBS - Quadra 1 - Bloco C - Ed. Sede III - 5° andar

70073-901 - Brasília (DF)Telephone: 55 (61) 3310 3980

Fax: 55 (61) 3310 3735

bb.com.brri@bb.com.br