overview of unibanco

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Overview of Unibanco

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Highlights

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Shareholders’ Structure76.1% of Unibanco's capital are floating shares negotiated in the form of Units + GDS

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Units and GDSs

Source: Factset

(1) Based on 30-day moving average of trading volume

Liquidity has increased consistently over the last two years leading to the inclusion of the Unit in the Ibovespa index as of May 2005

Additionally, in the Ibovespa’s new portfolio, released on September 1st, the Unit significantly increased its weight in the index, from 0.984% to 1.264% (28% increase)

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A Snapshot of Unibanco

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Organizational Structure Prominent Board Members Independent Audit Committee

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Over 80 years of history to become one of the leading full service banks in Brazil

Timeline

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Bridging the gap

Unibanco is the bank that grew its assets the most

over the last 15 years.

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Segmentation and Distribution

A superior strategy and comprehensive distribution system...

…foster cross-selling opportunities across our expanding client base

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Unibanco serves all types of clients and segments

Universal Bank

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Greater focus on higher margin and faster growing businesses …

… maintaining the leadership in the consumer finance segment.

Universal Bank

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Consumer Finance

Leading Consumer Finance Platform Consumer Finance Loan Portfolio (R$ Million)

• Fininvest: aggressive growth plan

• Leveraging Alliances and Joint Ventures

• Cross Selling focus: Credit Cards, Banking Accounts, Capitalization, Insurance and Extended Warranty

Leading Consumer Finance Platform

4,305

5,908

37.2%

Sep-04 Sep-05

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Credit Cards

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SMEs & Auto Financing

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Improved Funding Mix

Main actions:

• Development of alternative sources of funding such as SuperPoupe

• Link individual variable compensation at branch level to Core Deposits

• Focus on cash management services, such as Payroll and Collection

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Cost Reduction

Consolidation of back-office & supporting

units;

Establishment of a single corporate

communication area;

Outsourcing of non-core functions;

Main Actions

Joint procurement with other banks;

Reduction of labor settlement costs;

June 2005: All-time high historical

motivation rate.

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Loan Portfolio Mix

Migrating to higher margin segments with credit expansion focused on consumer finance and SMEs

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Client base evolution driven by both acquisitions and organic growth

Client Base

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Performance Evolution: 9M05

Net Income R$1,329 million

Operating Income R$2,158 million

+46.4%

+51.1%

9M05 / 9M04

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Financial Performance

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Income Statement

R$ Million

Profit from Financial Intermediation

(+) Fees from Services Rendered

(-) Personnel & Adm. Expenses

(+/-) Other Operating Income/ Expenses

(=) Operating Income

(+/-) Non-Operating Income

(+/-) Income Tax and Social Contribution

(Effective Income Tax Rate)

(-) Profit Sharing/ Minority Interest

Net Income

9M05 9M04

4,607 3,673

2,430 2,390

(3,741)

(3,693)

(1,138) (942)

2,158 1,428

4

1

(464) (238)

24% 19%

(369) (283)

1,329 908

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Financial Highlights

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Performance Ratios

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Loan Portfolio Growth– Individuals / Corporate

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Credit Ratios

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Financial Margin

Financial margin has consistently increased over the last quarters

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Fees From Services Rendered

R$ million

9M05 9M04 % Y-o-Y

Banking fees and other fees and commissions 12%

Credit cards (excluding Credicard in 9M04) 28%

Asset management fees 6%

Total 14%

Excluding Credicard in 9M04 for comparison purposes

1,363 1,217

762 593

305 287

2,430 2,097

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Insurance and Private Pension Plans

Technical Reserves

R$ million

Net Premium Written +Pension Plan Revenues

Net Income

Combined Ratio

Extended Combined Ratio

3Q05 2Q05 9M05 9M04

1,095 1,033 3,161 2,982

81 84 241 224

99.5% 100.0% 99.3% 99.3%

86.3% 86.4% 85.8% 87.4%

Private Pension Insurance

4.0394.849 4.975

1.067

1.424 1.703

3Q04 2Q05 3Q05

5,106

6,2736,678

30.8%

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Annex I:

New Brand &

New Marketing Campaign

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Renewed Brand - 2005

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Annex II:

Dividends

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Dividend History

• Unibanco has paid semi-annual dividends for more than 3 decades• In 2005, it started to pay quarterly dividends

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Annex III:

Ratings

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Unibanco Ratings

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Annex IV:

Recent Events

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Perpetual Securities

Perpetual Securities – US$500 million

Issuing of Perpetual Securities in July, 2005: US$500 million

Coupon: 8.70% p.a.

Rating: Ba2 by Moody's Investors Service, Inc.

Investors: approximately 875 investors, specially from Asia and private banks.

Roadshow: Singapore, Hong Kong, Geneva and London.

100% of the investors visited during the road show were part of the book

The issuance of perpetual securities, if consolidated in June, 2005, would have made the BIS ratio to increase to approximately 18%.

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Global Public Offering of Units e GDSs

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