Itaú Colombia Institutional Presentation 2Q18 June 2018
Itaú Colombia | Who we are We maintain the group’s structure with Itaú CorpBanca in Chile as our parent company and Itaú in Brazil as controlling shareholder. 1 36.06% Itaú Unibanco Itaú 30.65% CorpGroup Helm Minority CorpBanca Saieh Family 2 66.28% 12.36% 20.82% 0.54% 3.32% IFC 80.0% 29.97% Itaú CorpBanca Others Colombia Itaú Corredor de Seguros 94.0% 94.5% 95.0% 100% Itaú Itaú Securities Itaú Fiduciaria Comisionista Itaú (Panamá) 3 Services de Bolsa 100% Itaú Casa de Valores (Panamá) Source: Itaú CorpBanca Colombia 1- Since April 2016 Itaú Unibanco increased it´s participation by 2.48%, percentage sold by the Saieh Family according to what was established in the Shareholder´s Agreement. | 2 | 2- Includes 182,125,023 shares owned by Cia. Inmobiliaria and Inversiones Saga S.A that are under custody. 3- Itaú (Panama) has international license.
Itaú Unibanco | Retail footprint in Latin America June 2018 Mexico | CIB Employees: 8 Panama Colombia¹ Employees: 3,536 Branches + CSB: 163 ATMs: 174 Brazil Peru Employees: 86,144 Representative Branches + CSBs: 4,388 Office ATMs: 46,463 Paraguay Chile Employees: 837 Employees: 5,988 Branches + CSBs: 40 Branches + CSBs: 199 ATMs: 307 ATMs: 466 Non-bank Correspondents: 57 Uruguay Argentina Employees: 1,720 Employees: 1,112 CIB Branches + CSBs: 87 Branches +CSBs: 27 Minorista ATMs: 178 Points of Service OCA: 35 ATMs: 62 1- Considers employees and branches from Panama | 3 |
Itaú Unibanco | At a glance Leading position in Brazil Financial Highlights and Ratios As of and for the quarter ended June 2018 • US$67.6 billion market cap 1 99,914 employees in Brazil and abroad • Highlights 4,904 branches and CSBs in Brazil and abroad • Total Assets (*) USD 398.1 Bn • 47,650 ATMs in Brazil and abroad Total Loans (1) USD 160.8 Bn • Brazilian multinational bank Stockholders’ Equity USD 31.4 Bn • Major provider of finance for the expansion of Brazilian companies Recurring Net Income 2017 (2) (*) USD 6.4 Bn In 2017 Itaú Unibanco was elected the The Best Company in People • Recurring Net Income 2Q18 (3) (*) USD 1.7 Bn Management (by “ Valor Carreira ” magazine) and also recognized as a pro-ethics company (Pró-Ética), an initiative between the Office of the Comptroller General 2 Long Term Foreign Currency Moody’s : Ba3 with the private sector, which encourages the voluntary adoption of integrity (Itaú Unibanco Holding) Fitch BB measures and corruption prevention in the business sector, being the only S&P BB- financial institution among the companies approved. Financial Ratios Recurring ROE 2017 (4) (*) 21.8% Global Footprint of Brazil’s Top Private Sector Bank | Jun. 30, 2018 Recurring ROE 2Q18 (5) (*) 21.6% Efficiency Ratio 2017 (6) 46.4% Efficiency Ratio 2Q18 (6) 47.1% Liquidity Coverage Ratio 169% Common Equity Tier I 15.1% (*) Includes the consolidation of Citibank in the 4Q17. (1) Includes financial guarantees provided. (2) Represents Net Income adjusted for certain non recurring events described in the 1Q18 MD&A – Executive Summary. (3) Represents Net Income adjusted for certain non recurring events described in the 1Q18 MD&A – Executive Summary. (4) Calculated using Recurring Net Income / Average Equity. For annualized calculation method, please refer to Historical Series Spreadsheet. (5) Calculated using Recurring Net Income / Average Equity. For annualized calculation method, please refer to the 1Q18 MD&A – Executive Summary. (6) See “Efficiency Ratio” slides in this presentation for criteria. Exchange rate of BRL 3,8758 / USD as of June 30, 2018 1- As of June 30, 2018. Source: Economatica. | 4 | 2- Controladoria-Geral da União (CGU)
Itaú CorpBanca | Highlights We are the 4th largest private bank in Chile and the 6th 1 banking group in Colombia Regional footprint & main indicators 2 3 Assets 2 USD 34.5 Bn USD 44.9 MM Loans 2 USD 24.8 Bn USD 32.4 Bn 10.5% 2 Market share 5,822 4 9,355 Headcount 2 Branches 2 200 363 Recurring Net USD 97 MM USD 99 MM Income 2Q18 Recurring 16.9% 13.7% RoTAE 2Q18 5 Sources: Itaú CorpBanca, SBIF and SFC | 5 | 1 - Ranking for assets and loans consider Grupo Aval as the combination of Banco de Bogotá, Occidente, Popular, AV Villas; 2 - Consolidated information as ofJune 30, 2018; 3- Figures were converted at an exchange rate of 653.02 CLP/USD; 4 - Includes headcount of our New York branch and since 1Q18 also from our RepOffices in Lima and Madrid; 5 - Tangible Equity: Shareholders equity net of goodwill, intangibles from business combination and related deferred tax liabilities.
Itaú CorpBanca | Increases Relevance Across Latin America Itaú CorpBanca is currently the 4th largest private bank in Chile. The merger positions Itaú CorpBanca and Itaú LatAm as the 10th and 4th largest bank in terms of assets within South America (ex-Brazil) Banks by Assets in Latin America 1 Banks by Assets in South America (ex-Brazil) 5 US$ Bn US$ Bn 86 1 Santander 1 Itaú Unibanco 2 461 85 2 BBVA 2 Banco do Brasil 430 61 3 Banco del Estado de Chile 3 Caixa 385 61 4 Santander Itaú LatAm 6 4 376 58 5 BCI 5 Bradesco 3 375 55 Banco de Chile 6 BBVA 6 194 55 7 Grupo Aval Citibank 7 98 Scotiabank 55 8 8 80 Scotiabank 52 9 9 Bancolombia Banco del Estado de Chile 61 48 15 Itaú CorpBanca 4 10 Itaú CorpBanca 4 48 Loan Portfolio as of Jun-18 (US$ Bn) 32.4 Itaú CorpBanca represents 24% of Itaú Unibanco’s consolidated 134.3 loan portfolio 7 Itaú Unibanco’s Itaú CorpBanca’s Loan Portfolio Loan Portfolio 1 - Data as of March 31, 2018. Includes Brazil, México, Colombia, Chile, Argentina, Paraguay, Perú and Uruguay; 2 - Includes Brazil, México, Argentina, Perú, Uruguay, Paraguay, Chile y Colombia; 3 - In September 30, 2016 Bradesco begins to consolidate HSBC Brazil in its publication; 4 - Includes Chile and Colombia (Itaú CorpBanca Chile with ~ US$37MMM in assets); 5 - Data as of March 31, 2018. Includes Colombia, Chile, Argentina, Paraguay, Perú and Uruguay; 6 | 6 | - Includes Colombia, Chile, Argentina, Paraguay, Perú and Uruguay; 7 - Considering the consolidated loan portfolios of Itaú Unibanco and Itaú CorpBanca reported in their respective 2Q18 MD&As and a R$ 3.8617 / US$ and Ch$ 653.02 / US$ foreign exchange rates as of 30.06.2018; 8 – As of June 30, 2018, Itaú Unibanco held a 36.06% equity stake in Itaú CorpBanca but as the controlling shareholder, fully consolidates Itaú CorpBanca’s Financial Statements. Source: Central Banks, local regulators, companies filings, Itaú CorpBanca
Itaú CorpBanca | Shareholders Structure After Merger Shareholders - % Total share capital July 31, 2018 Shareholders & Stock Market ITAÚ CORPBANCA Total shares: 512,406,760,091 (100%) Itaú Saieh IFC Others Market Cap: Unibanco Family 1 US$ 5.4 Bn 36.06% 30.65% 3.32% 29.97% ( Ago. 7, 2018) Securities Brokerage 10.62% Buy: 2 ADRs holders and Foreign Investorss 7.97% Asset Managers 3.67% Santo Domingo Group 1.92% Sell-side rating: Hold: 7 Insurance Companies 1.01% AFPs 0.86% Sell: 2 Other minority shareholders 3.92% 1- Includes 182,125,023 shares owned by Cia. Inmobiliaria y de Inversiones Saga SpA that are under custody Price-to-Book 1 1- For Itaú CorpBanca and BCI consider shareholders equity net of goodwill and intangibles from business combination | 7 |
Itaú CorpBanca | Strong and integrated Corporate Governance Board Chile Audit Comitee Itaú CorpBanca CEO CAE Emerson Bastián Milton Maluhy Operations CFO CRO Treasury Marketing & Colombia Wholesale Retail Human Legal & IT Products Resources Compliance Jorge Gabriel Mauricio Pedro Rogério Álvaro Christian Julián Marcela Cristián Luis 3 Novis Moura Baeza Silva Braga Pimentel Tauber Acuña Jiménez Toro Rodrigues Board Colombia Chairman Milton Maluhy Itaú CorpBanca Colombia CEO Álvaro Pimentel CFO CRO Treasury Franchise, Products Wholesale Retail Human Legal & General IT Operations Communic. & Digital & Institut. Relat. Resources Secretary María C. Juan Ignacio Derek Luciana Carolina Jorge Hernando María Lucía Dolly Murcia Lilian Liliana Vandame Castro Sassoon Hildebrandi Velasco Villa Osorio Ospina Barrios Suárez Board Chile 1 2 Board Colombia Chairman Chairman Matrix reporting to CEO Jorge Andrés Saieh Guzmán Milton Maluhy Colombia and functional reporting to ITCB Ricardo Villela Marino Fernando Concha Ureta Roberto Brigard Holguín Juan Echeverría González Jorge Selume Zaror Eduardo Mazzilli de Vassimon Luis Fernando Martínez Lema Gabriel Moura Functional reporting to CEO Fernando Aguad Dagach Boris Buvinic Guerovich Colombia and matrix reporting to Carmiña Ferro Iriarte Rogério Braga ITCB for coordination of specific Gustavo Arriagada Morales Andrés Bucher Cepeda Rafael Pardo Soto Mónica Aparicio Smith themes Bernard Pasquier Pedro Samhan Escandar 1- Itaú Unibanco and CorpGroup appoint the majority of the members of the board of directors; 2- Pursuant to the Shareholders Agreement, the Directors appointed by Itaú Unibanco and CorpGroup shall vote together as a single block according to Itaú Unibanco’s | 8 | recommendation. 3- Responsible for the technological integration process in Colombia
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