Investor Relations

1
Consolidated Results 2nd Quarter 2005
Conference Call August 12, 2005
Investor Relations www.ir.unibanco.com
2
Unibanco in 2Q05
D 2Q05 / 2Q04
48.5
Net Income R453 million Operating Income
R684 million
70.6
23.0
21.0
20.1
8.7
17.8
17.3
8.4
8.1
7.9
7.7
2Q04
3Q04
4Q04
1Q05
2Q05
(R billion)
Stockholders Equity
Stockholders Equity
Annualized ROAE ()
Annualized ROAE ()
3
Unibanco in 1H05
D 1H05 / 1H04
47.0
Net Income R854 million Operating Income
R1,395 million
60.0
21.4
16.4
15.2
8.7

7.7
6.8
1H03
1H04
1H05
Stockholders Equity
(R billion)
Annualized ROAE ()
4
Income Statement
R Million
5
Highlights
Financial Margin (Before Provision for Loan
Losses)
Earnings per Share (R)
0.32
10.2
0.29
0.27
9.9
9.5
9.3
0.23
0.22
8.2
2Q04
3Q04
4Q04
1Q05
2Q05
2Q04
3Q04
4Q04
1Q05
2Q05
Total Assets (R million)
Loan Portfolio (R million)
6
Financial Margin
17.2
22.1
22.1
10.2
9.5
8.2
7.9
6.4
7.9
2Q04
1Q05
2Q05
Provision for loan losses/ Financial Margin
Financial Margin
Financial Margin after Provision
R Million
7
Loan Portfolio Coverage
Allowance for Loan Losses / Loan Portfolio
Jun-05
Mar-05
Auto Financing
2.9
2.7
6.8
6.5
Consumer Credit Companies
4.9
5.2
Commercial Bank and Other Companies
4.9
5.1
8
Loan Portfolio Quality
Non-Accrual Portfolio / Loan Portfolio
Coverage Ratio of Non-Accrual Portfolio
Allowance for Loan Losses / Loan Portfolio E-H
Loan Portfolio E-H (overdue gt 90 days) / Loan
Portfolio
115.0
5.2
108.9
4.7
4.3
98.9
Jun-04
Jun-05
Mar-05
Jun-04
Jun-05
Mar-05
9
Efficiency Ratio
63.4
53.7
52.8
2Q04
1Q05
2Q05
D R373 million
10
Fees From Services Rendered
R million
D
1H05
1H04
Y-o-Y
Banking fees and other fees and commissions
884
809
9
Credit cards
476
379
26
(excluding Credicard in 1H04)
Asset management fees
200
187
7
Total
1,560
1,375
14
-
186
Credicard and Orbitall
-
Total fees from services rendered
1,560
1,561
0
11
Loan Portfolio Growth
21.0
R million
10.6
6.0
33,176
31,796
29,064
35,154
Retail
50
55
56
54
Wholesale
50
45
46
44
Dec-04
Mar-05
Jun-04 ()
Jun-05
() Pro-Forma excludes Credicard portfolio
includes installment credits.
12
Loan Portfolio Mix by client type
R million
Corporate
14.3
6.7
37.4
3.9
2.6
21,795
7.2
20,977
19,076
15,381
14,991
6,414
5,986
14,409
4,667
SME
Large Corporate
Total Corporate
Individuals
33.8
31.5
9.5
37.1
10.2
13.359
12,199
9,988
8.5
7,907
7,173
6,012
5,452
5,026
3,976
Consumer Credit Companies
Commercial Bank Other Companies
Total Individuals
Jun-04
Mar-05
Jun-05
13
Loan Portfolio Breakdown - Individuals Portfolio
Consumer Credit Companies
R million
37.1
8.5
32.0
52.8
21.5
5,452
5,026
3,976
9.8
0.6
9.5
1,910
2,881
1,739
2,630
2,182
1,250
661
657
544
Fininvest
Credit Cards (Unicard and HiperCard)
Total
JVs with Retailers (PontoCred and LuizaCred)
14
Loan Portfolio Breakdown - Individuals Portfolio
R million
Commercial Bank Other Companies
31.5
10.2
27.1
36.1
26.0
7,907
7,173
39.5
6.3
7.7
6,012
2,590
4,370
4,058
2,436
3,211
2,056
947
745
679
Other Companies()
Branch Network
Auto Financing
Total
Jun-04
Mar-05
Jun-05
() Mainly Insurance/Garantech
15
Credit Cards (in million)
20.6
20.0
Total Cards
17.0
15.0
11.2
MC Visa Hipercard
10.0
9.4
Private Label
8.0
Mastercard
5.0
5.0
3.3
Visa
2.9
Hipercard
Jun-03
Sep-03
Dec-03
Mar-04
Jun-04
Sep-04
Dec-04
Mar-05
Jun-05
R million
Revenues
2Q04
2Q05
1Q05
1H05
1H04
2,778


MC Visa HiperCard
3,596


3,094


6,690


4,651


653


Private Label
714


822


1,536


1,221










3,431

Total
4,310


3,916


8,226


5,872

16
Funding and Assets under Management
R million
17
Insurance and Private Pension Plans
R million
2Q05
1Q05
1H05
1H04
Net Premium Written
1,033
1,178
2,211
2,189
Pension Plan Revenues
84
76
160
148
Net Income
100.0
98.6
99.2
99.3
Combined Ratio
Extended Combined Ratio
86.4
85.1
85.7
87.2
Technical Reserves
29.4
6,272
5,941
1,424
1,217
4,847
1,077
4,848
4,724
3,770
2Q04
1Q05
2Q05
Private Pension
Insurance
18
Highlights

• Perpetual Securities US500 million
• Issuing of Perpetual Securities in July, 2005
  US500 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 took 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.
19
Highlights

• Perpetual Securities US500 million
• - Expanded geographically Unibancos investor
  base
• - Distribution

By Investor
By Region
83.5
61.7
19.4
11.4
7.4
9.4
5.4
1.3
0.4
North America
South America
Europe
Asia
Corporate and
Private
Hedge Funds
Banks
Financial
Insurance
Adviser
Clients
20
2005 Outlook
2004 2005(E)
GDP Growth 5.2 3.0
FX Rate R/US (end-of-year) 2.654 2.50
Selic (end-of-year) 17.75
17.75
IPCA 7.6
5.6
Trade Balance Surplus (US) 34 bln
40 bln
21
2005 Growth Perspectives
Growth 1H05
2005 - Perspectives on May 11,2005
Revised guidance
Loan Portfolio
17-22
10.6
18-23
Corporate
10-15
7.8
10-15
Large
7-12
5.4
7-12
SME
25-30
13.9
25-30
Individuals
22-27
15.5
25-30
Commercial bank and other companies
25-30
20.9
30-35
Consumer Finance
25-30
15.0
25-30
Credit Cards
15-20
3.1
15-20
Administrative Expenses
lt 5
1.4
lt 5
22
For further information contact our Investor
Relations Area atphone 5511-3097-1980fax
5511-3813-6182email investor.relations_at_unibanco.
com site www.ir.unibanco.com
This presentation contains forward-looking
statements regarding Unibanco. its subsidiaries
and affiliates - anticipated synergies. growth
plans. projected results and future strategies.
Although these forward-looking statements reflect
managements good faith beliefs. they involve
known and unknown risks and uncertainties that
may cause the Companys actual results or
outcomes to be materially different from those
anticipated and discussed herein. These risks and
uncertainties include. but are not limited to.
our ability to realize the amount of the
projected synergies and the timetable projected.
as well as economic. competitive. governmental
and technological factors affecting Unibancos
operations. markets. products and prices. and
other factors detailed in Unibancos filings with
the Securities and Exchange Commission which
readers are urged to read carefully in assessing
the forward-looking statements contained herein.
Unibanco undertakes no duty to update any of the
projections contained herein.