2. Summary
History and Profile
PINE
History
Business Strategy
Competitive Landscape
Focus on the Client
Corporate Credit
FICC
PINE Investimentos
Pillars
Rating Upgrades
Highlights and Results
Corporate Governance and PINE4
Organizational Structure
Corporate Governance
Committees
Dividends and Interest on own Capital
Appendix
Investor Relations | 2Q12 | 2/34
4. PINE
Specialized in providing financial solutions for wholesale clients…
Credit Portfolio by Annual Client Revenues
June 30th, 2012
Up to R$ 150
million
17%
R$ 150 to
R$500
> R$ 1
million billion
12% 56%
R$ 500
million to
R$ 1 billion
15%
Profile
Focused on establishing long-term relationships
g g p Business is structured along four primary business lines:
g p y
Profound knowledge and product penetration • Corporate Credit: credit and financing products
• FICC: instruments for hedging and risk
management
• PINE I Investimentos: I
ti t Investment B ki
t t Banking and d
Investment Management
• Distribution: Funding and investment solutions
for foreign and local investors
Investor Relations | 2Q12 | 4/34
5. History
...with extensive knowledge of Brazil’s corporate credit cycle.
August, 2012
Subscription of PINE’s capital
by DEG ,Proparco1,Controlling1shareholder
1939 and management
Pinheiro Family October, 2011
founds End of 2007 Subscription of PINE’s capital by DEG
PINE s
Banco Central do Focus on expanding the Corporate Banking franchise
Nordeste Discontinuation of the payroll-deductible loan business
1,053
1,015
October, 2007
Creation of the Hedging Desk 867
827 825
May, 2007 801
Creation of PINE Investimentos product line
and start up of Cayman branch
2005
1975
Noberto Pinheiro becomes
Noberto Pinheiro
PINE’s sole shareholder 7,478
becomes one of
6,921
BMC’s controlling
shareholders
335 5,747
Corporate Credit Portfolio (R$ Millions)
Shareholders' Equity (R$ Millions)
q y( $ ) 209 4,181
4 181
152 171
121 126 140 136
2,854 3,070
62
18
1,214
1997 155 184 222 341 521 620 755 663 761
Noberto and Nelson
Pinheiro sell their
Dec-97
Dec-98
Dec-99
Dec-00
Dec-01
Dec-02
Dec-03
Dec-04
Dec-05
Dec-06
Dec-07
Dec-08
Dec-09
Dec-10
Dec-11
Jun-12
stake in BMC and
found PINE
Asian Russian Devaluation Nasdaq Sept. 11 Brazilian Subprime European
Crisis Crisis of the real Elections Community
(Lula)
March, 2007 May, 2012
1 Subject to precedent conditions and final negotiations IPO 15 years
Investor Relations | 2Q12 | 5/34
7. Competitive Landscape
PINE serves a niche market of companies that lack adequate banking options, seeking a bank that fully
understands their needs.
Market
Consolidation of the banking sector has
decreased the supply of credit lines and financial
instruments for corporates
Large Multi-Services banks
Foreign banks are in a deleveraging process
g g gp
100% Corporate
PINE
Foreign and Full service Bank – Credit, Hedging, and
Investment Banks 100% focused on providing complete service Investment Bank products – with room for
to companies, offering customized products growth
.
Corporate & SME
~10 clients per officer
Competitive Advantages:
SME & Retail
Focus
Fast response: Strong relationship with
clients, with the credit committee
meeting twice a week and response times
Retail to clients of no more than one week
S Specialized services
i li d i
Tailor-made solutions
Product diversity
Investor Relations | 2Q12 | 7/34
8. Focus Always on the Client
The bank develops a strategy of product diversity, tailored to meet the needs of each client.
CDs
CDIs
LCIs
Pricing of Assets and
CCBs
Private Liabilities
Placements
RDBs
Eurobonds
Liquidity
LCAs Management
Financial
Letters Fixed Income
CDBs Local Currency
Currencies
Trading
CRIs Debentures
Commodities
Foreign Currency
Equities
Distribution Treasury Working Capital
Working
Capital
g
Underwriting Overdraft
Capital Accounts
Markets Local Currency
Private BNDES Onlending
Placements Clients Onlending
Advisory PINE Corporate Bank Guarantees
Advisory
Investimentos Credit Foreign Currency Compror
Investment
Structured/ Management Trade Finance ACC/ACE
Project FICC Structured Export Finance
Finance Structured/ Finance
Project
Credit Funds Bank Finimp
Finance
Guarantees
Letters of Credit
Fixed Income Fixed Income Currencies 2,770 onlending
Funds
Syndicated and
Portfolio Commodities
Structured Loans
Management
Swap NDFs
Structured Swaps
Options
Investor Relations | 2Q12 | 8/34
9. Corporate Credit
Strong track record and solid credit origination and approval process.
Actions Credit Committee
Personalized, agile service, working closely with clients Meets twice a week – reviewing 20 proposals on average
and keeping a low client to account officer ratio: each
officer handles ~10 economic groups on average.
10 Minimum quorum: 4 members - attendance of CEO or
q
Chairman is mandatory
Geographic coverage of clients, providing the bank with
local and extremely up-to-date credit intelligence and
information. Members:
Chairman of the Board
Established long term relationships with more than 600
economic groups CEO
Chief Operations Officer
Origination network is comprised of 11 branches divided Chief Administrative Officer
into 14 origination platforms in Brazil’s major economic Chief Risk Officer
centers
More than 30 credit analysts, assuring that analysis is Participants:
fundamentally driven and based on industry-specific FICC Executive Director
intelligence Credit Analysts
Efficient loan and collateral processes, documentation, Other members of the Corporate Banking
and controls, which has resulted in a low NPL track record origination team
pp
Credit Approval: Electronic Process
Regional Heads of CRO, Executive
Origination Officers Credit Analysts Origination and Credit Directors and Analysts CREDIT COMMITTEE
Analysis of Credit
Credit origination analysis, clients,
Credit analysis visit to clients data sizing, collateral,
Discussion on sizing collateral Presentation to the Credit Committee Centralized and unanimous
updates, interaction with internal structure, etc. decision making process
research team
Investor Relations | 2Q12 | 9/34
10. FICC
PINE is the 1st player in terms of OTC commodities NDF for clients¹…
Client Notional Derivatives Portfolio by Market Notional Value and MtM
June 30th, 2012 R$ millions
Notional Value
MtM
Stressed MtM
597
Fixed Income
Currency 358
24%
60%
354 354
224
256
178 157
84 126
Commodities
16% 3,457
, 3,709
, 3,712
, 4,287
, 4,720
,
Jun-11 Sept-11 Dec-11 Mar-12 Jun-12
Market Segments Portfolio Profile
Fixed Income: Fixed Floating Inflation Libor
Fixed, Floating, Inflation, Scenario on June 30th:
June,
Duration: 249 days
Currencies: Dollar, Euro, Yen, Pound, Canadian Dollar,
Australian Dollar Mark-To-Market: R$256 million
Commodities: Sugar, Soybean (Grain, Meal and Oil), Corn,
Cotton, Metals, Energy
Stress Scenario (Dollar: +31% and Commodities Prices: -30%):
Stressed MTM: R$597 million
1Source: Cetip Report, June 2012
Investor Relations | 2Q12 | 10/34
11. PINE Investimentos
… and #10th in Debt Capital Markets1 in Brazil.
Volume of Underwriting Transactions Revenues
R$ Millions R$ Millions
381 18
346 16
317
12
2Q11 1Q12 2Q12 2Q11 1Q12 2Q12
Selected Transactions
R$540,000,000 R$115,000,000 R$25,000,000 R$100,000,000 R$67,000,000
M&A Project Finance Certificate of Real Estate Promissory Notes (ICVM 476) Promissory Notes (ICVM 476)
Receivables
Exclusive Advisor Exclusive Advisor Coordinator Coordinator Coordinator
March, 2012 May, 2012 May, 2012 May, 2012 June, 2012
1Source: Anbima
Investor Relations | 2Q12 | 11/34
12. Distribution
Investment alternatives in local and foreign currency to domestic and foreign investors.
Actions Funding
R$ Millions
+50%
Responsible for serving investors, offering traditional +17% 6,933
investments and also alternatives tied to the credit
origination platform capital markets and asset
platform, markets, 5,902
5 902
1,736 International
management.
1,152
4,622
It counts on PINE’s expertise in structuring and 986
intermediating fixed income transactions.
g
4,750 5,197 Local
Divided by type of investors to provide tailor made 3,636
solutions.
Jun-10 Jun-11 Jun-12
Investors Market Segments
Family Offices Local Currency
T diti
Traditional i
l investments (l
t t (local d
l deposits such as CDB/RDB/CDI
it h CDB/RDB/CDI,
Individuals LCA/LCI)
Corporates Senior and subordinated local notes
Debt Capital Markets (CCBs, Debentures, FIDCs, CRIs, CRAs,
Asset Managers CDCAs, among others)
Financial Institutions
Pension Funds
Foreign Currency
Foreign Investors Time Deposits and CD – Certificate of Deposit
Senior and Subordinated bonds issued by PINE
Debt Capital Markets (CCB, Credit Fund, Bonds) – through Credit
Linked Notes
Investor Relations | 2Q12 | 12/34
13. Pillars
Strategy supported by solid fundamentals, built and achieved over the years…
Adequate capital structure Strong and motivated team
Capital Adequacy Ratio (BIS) of 15.9% Meritocracy
Regulatory Capital: R$1.3 billion Right incentives
Capital increase announced and closer partnerships Highly qualified team
with DEG and Proparco will raise BIS to 17.5%
17 5%
Corporate clients Efficient funding structure
g p
Strong relationship Longer average maturities: 16 months (Jun/12)
g g ( )
Customized service Greater diversification of funding sources
In-depth knowledge of client needs USD25 million 10 year funding with Proparco
Product diversity USD106 million A/B Loan (Jan/11) with the IIC
Investor Relations | 2Q12 | 13/34
14. Rating Upgrades
...with market recognition and positive evaluation by rating agencies.
On December 7th, 2011: On May 14th, 2012 On August 23rd, 2012:
PINE’s rating in global scale, to Foreign and Local Currency Long- PINE’s outlook upgraded to
BB+ from BB- (two notches) Term IDR to 'BB' from 'BB'- Positive
PINE’s rating in national scale, to National Long-Term Rating to
brAA from brA (three notches) 'A+(bra)' from 'A(bra)'
Viability rating upgraded to 'bb'
On August 23rd, 2011: from 'bb-'
Local currency rating, to brA from Banco Pine S.A. USD 125 million
brA- Subordinated notes to 'B+' from 'B'
Reaffirmed the Rating in foreign
currency in BB-
Revision from PINE’s outlook to
positive
The agency based its ratings on the strong Fitch attributed this upgrade to the Moody's explained that the positive outlook
asset-quality, adequate liquidity, capital, and diversification of PINE's funding profile and its reflects PINE’s profitability through a well-
earnings. S&P also emphasizes the gradual good assets and liabilities management, executed strategy, and which has ensured
funding diversification, through foreign provided by the adequate match of the credit earnings recurrence. The rating action also
issuances, securitizations,
issuances securitizations and the recent books. addition,
and funding books In addition the Agency bank s
captures the bank's improved funding
capital increase subscribed by DEG. considered that the positive liquidity gap diversification, well managed asset quality
allied with the good cash position evidences metrics and its good liquidity and capital
the Bank's overall solid financial strength. management.
According to the Agency, the Bank’s continued
increase in fee income, mainly due to higher
product penetration, is a good indicator of the
successful maintenance of profitability levels.
Investor Relations | 2Q12 | 14/34
16. 2Q12 Events and Highlights
Capital increase of approximately R$155 0 million The increase will take place starting with the
R$155.0 million.
execution, on this date, of a subscription agreement with DEG in the amount of R$30.0 million coupled
with an investment of R$93.7 million by the controlling shareholder and R$7.2 million by PINE’s
management. In addition, the French agency Proparco approved the principle of an investment
amounting up to €10 million. These transactions will increase the BIS Ratio to 17.5%, an improvement of
approximately 160 b
i t l bps. All ttransactions are subject t regulatory approvals and other precedent
ti bj t to l t l d th d t
conditions as announced in the Material Fact released today.
In April, PINE carried out its first offering of financial bills known as Letras Financeiras, issuing R$313.2
million in two-year notes.
Highly liquid balance sheet with a strong cash position of R$1.4 billion, which corresponds to 38% of time
deposits.
p
Positive liquid gap between the credit and funding portfolios of 3 months: 13 months for credit and 16
months for funding. PINE has maintained this positive gap for over 2 years.
Positive contributions from all business lines in the quarter: 58.4% from Corporate Credit, 19.8% from
FICC, 11.5% from the Treasury, and PINE Investimentos contributed 10.3%, demonstrating recurrence in its
results.
Ranked amongst the 15 largest banks in the Cetip derivatives ranking and 1st in terms of OTC commodities
NDF for clients.
9th largest bank in Brazil offering credit to large corporates, 15th in credit to companies, and 5th in wealth
generated per employee, according to the “Melhores e Maiores” ranking compiled by Exame magazine.
Investor Relations | 2Q12 | 16/34
17. Capital Increase
PINE is honored with DEG’s trust and partnership with the announcement of another transaction and
welcomes Proparco.
The second equity investment by DEG in a Brazilian financial institution, both with PINE, and the first by Proparco in a
Latin America financial institution.
In addition to the subscription made by DEG, of R$30.0 million, and by Proparco, of R$25.0 million, the capital increase
also includes the participation of the controlling shareholder and the senior management, for a total of R$100.8
million.
Summary
Total of ~R$155 million
Premium on Shares: 15% over the average price of the last 60 days
Total Shares: 6,558,123 common shares and 4,352,590 preferred shares
BIS Ratio: to 17.5%, 14 5% for Tier I and 3 0% for Tier II
17 5% 14.5% 3.0%
The aforementioned transactions further strengthen the capital structure of PINE as well as the relationships with DEG
and Proparco, and will allow the Bank to continue to expand its activities in a sustainable manner.
After approval by the Brazilian Central Bank the ownership structure will have the following composition:
Bank,
With Capital increase Common Preferred Total %
Controlling Shareholder 58,444,889 15,595,863 74,040,752 67.5%
Management - 5,591,947 5,591,947 5.1%
Free Float - 30,005,788
30 005 788 30,005,788
30 005 788 27.3%
27 3%
DEG - 5,005,068 5,005,068 4.6%
Proparco - 1,750,700 1,750,700 1.6%
Individuals - 3,382,393 3,382,393 3.1%
Local Institutional Investors - 11,054,997 11,054,997 10.1%
Foreign Investors
F i I t - 8,812,630
8 812 630 8,812,630
8 812 630 8.0%
8 0%
Treasury - 125,000 125,000 0.1%
Total 58,444,889 51,318,598 109,763,487 100%
Investor Relations | 2Q12 | 17/34
18. 2Q12 Financial Highlights
The main performance indicators continued to show positive development in the period…
R$ Millions
Loan Portfolio¹ Total Funding Shareholders’ Equity
18.6% 17.5%
17.9%
6,305
, 7,478
, 5,902
, 6,933
, 893 1,053
Jun -11 Jun - 12 Jun -11 Jun -12 Jun -11 Jun -12
Credit Coverage Net Income ROAE
140 bps
27.8%
130 bps
36 46 17.3% 18.7%
2.7% 4.0%
Jun-11 Jun-12 2Q11 2Q12 2Q11 2Q12
¹ Includes debentures, CRIs, eurobonds and hedge fund shares
Investor Relations | 2Q12 | 18/34
19. Product and Revenue Diversification
...with contributions from all business lines, fruits of the strategy of complete service to clients.
Clients with more than one Product Penetration Ratio – Clients with more than one Product
More than 1 product 1 product
2.9
44% 38%
60% 2.8
2.6
56% 62%
40%
Jun-10 Jun-11 Jun-12 Jun-10 Jun-11 Jun -12
Revenue Mix
1H11 1H12
PINE
Investimentos
10.3%
PINE
Investimentos Corporate
5.5% Credit
63.5%
63 5%
Treasury Treasury Corporate
3.3% 11.5% Credit
58.4%
FICC FICC
27.7% 19.8%
Investor Relations | 2Q12 | 19/34
20. Loan Portfolio1
The portfolio continued to grow, +2.4% QoQ and +18.6% YoY…
R$ millions
7,300 7,478
6,732
, 6,935
1,154 Trade fi
T d finance
6,305 1,021
782
5,823 756
5,760
772
5,277
533 622 1,684
1 684 1,599
1 599 Guarantes
4,811 1,534 1,687
555
1,372
1,022 1,117
704
827 821
883
881 883 Onlending BNDES
842 846 912
644 881 342 572
- 251 297
- 71 122
472
-
Private Securities
2,792 3,251 3,358 3,132 3,126 3,300 3,286 3,370 3,332
Working Capital
Jun-10 Set-10 Dez-10 Mar-11 Jun-11 Set-11 Dez-11 Mar-12 Jun-12
¹ Includes debentures, CRIs, eurobonds and hedge fund shares
Investor Relations | 2Q12 | 20/34
21. Loan Portfolio Profile
... in a diversified manner...
Loan Portfolio by Industry Segments Geographic Distribution
Others; 9% North
Telecom
2% 1%
Meatpacking; 2% Sugar and Ethanol;
19% Midwest
Financial
11
%
Institutions; 2%
Chemicals; 3%
Food Industry; 3%
Northeast
Metal and Mining; 3%
g 7%
Construction
10%
Beverages and
Tobacco; 4%
Vehicles and Parts; South
4% 8% Southeast
Electric and 73%
Specialized S
S i li d Services;
i Renewable Energy;
4% 9%
Transportation and
Lo gistics; 5%
Agriculture; 9%
Foreign Trade; 5%
Infrastructure; 7%
Investor Relations | 2Q12 | 21/34
23. Funding
Diverse sources of funding…
R$ millions
Trade Finance
6,933 Private Placements
6,544
6,421
6,248 1,089
753 Multilateral Lines
5,902 841
814 118
5,437
5 437 596 250 234
5,182 5,322 86 353
125 International Capital
377 84 276 295
435 267 310 246 233 Markets
4,622 413 158 205 237 553
160 155 281 291
166 194 282 247 256 Local Capital Markets
405 200 21
194 185
33 867 813
151 - 829 867 868
227 898
626 867 31 33 BNDES
203
- 42 66 112
106 161 194
46 320 53
210 165 250 281 223
453 224 41 228
36 198 214 272 212
201 Demand Deposits
175 218
1,196 1,186 1,228
1,287
, 1,253
1,463
1 463 1,530
1 530 1,114
1 114 Interbank Time D
b k i Deposits
i
1,124
High Net Worth Individual
Time Deposits
1,965 2,130 2,128 2,153
1,646
, 1,654
, 1,592 1,720 1,845
Corporate Time Deposits
Institutional Time
Jun-10 Sept-10 xDec-10 Mar-11 Jun-11 Sept-11 xDec-11 Mar-12 Jun-12 Deposits
Investor Relations | 2Q12 | 23/34
24. Asset & Liability Management
... presenting a positive gap of 3 months between the credit and funding portfolios.
Matching of Transactions
Loan / Total Funding
CREDIT FUNDING 82%
80% 81%
76% 76%
BNDES BNDES
Trade Finance Trade Finance
Deposits
Working Capital, Private Local & International
Securities1 And Cash Capital Markets
Private Placements/ Multilateral
/
Lines Jun-11 Sept-11 Dec-11 Mar-12 Jun-12
1 Includes debentures, CRIs, eurobonds, and hedge fund shares
ALM Deposits vs. Total Funding
R$ Millions
,
5,902 6,421 6,933 R$ Millions
3,124
Credit Funding
2,344 39% 41% 45%
1,921
1,775
1,590 1,642 Others
1,056 Total
Deposits
402
94 135 61% 59% 55%
- 33
No maturity Up to 3 From 3 to 12 From 1 to 3 From 3 to 5 More than 5
months months years years years
(includes
Cash) Jun -11 Mar -12 Jun-12
Investor Relations | 2Q12 | 24/34
25. Capital Adequacy Ratio (BIS)
BIS ratio reached 15.9%.
Tier II Tier I
Minimum Capital Requirement (11%)
19.6%
18.5% 18.4% 18.5%
17.4% 17.1% 4.5%
16.6% 16.4% 17.5%
3.9% 3.6% 4.2% 15.9%
3.6%
3 6% 3.7% 3.4% 3.1% 3.3% 3.0%
14.6% 14.8% 13.8% 13.4% 13.2% 15.1% 14.3% 13.3% 12.6% 14.5%
With
Jun -10 Sept-10 Dec -10 Mar -11 Jun -11 Sept-11 Dec -11 Mar -12 Jun -12
Capital
Increase
R$ million BIS Ratio (%)
Tier I 1,055 12.6%
Tier II 277 3.3%
Total 1,331 15.9%
Investor Relations | 2Q12 | 25/34
26. Guidance for 2012
PINE is ready to continue growing with its clients, and reaffirms its guidance for 2012.
Guidance
Expanded Corporate Credit Portfolio 17% - 22%
Personnel and Ad i i
P l d Administrative Expenses
i 8% - 12%
2%
NIM 5.5% - 7.5%
ROAE 17% - 20%
Investor Relations | 2Q12 | 26/34
28. Management Structure
Non-bureaucratic, entrepreneurial, and meritocratic culture with a flat hierarchy, speeding the decision
making process.
BOARD
Noberto Pinheiro Noberto Pinheiro Jr Maurizio Mauro Gustavo Junqueira Mailson da Nóbrega Antonio Hermann
Chairman Vice Chairman Independent External Member Independent Independent
Member Member Member
EXTERNAL AUDIT INTERNAL AUDIT COMPENSATION
AUDIT COMMITTEE
PWC Tikara Yoneya COMMITTEE
CEO
Noberto Pinheiro Jr
HUMAN RESOURCES
Sidney Vilhena
COO CRO CAO CFO
Norberto Zaiet Gabriela Chiste Ulisses Alcantarilla Susana Waldeck
Origination Credit and F.I. Research Asset & Liabilities Back Controlling
Investment Banking Compliance & Internal Office Accounting
Sales & Trading
g Controls Legal Tax Planningg
Research Macro / Market and Liquidity Risks Collaterals Management IT
Commodities Special Situations Accounts Payable
International Middle Office Office Management
Marketing
Investor Relations
Investor Relations | 2Q12 | 28/34
29. Corporate Governance
PINE commits to best corporate governance practices…
Three independent members and one external member on the Board of Directors
Mailson Ferreira da Nóbrega: Brazil’s Finance Minister from 1988 to 1990
Maurizio Mauro: Former CEO of Booz Allen Hamilton and Grupo Abril
Antonio Hermann: Former CEO of Banco Itamarati, Director at FEBRABAN and elected Director of
Brazilian Banking Association
Gustavo Junqueira: Former Head of PINE Investimentos, Member of the Board of Directors at
EZTEC, Financial Advisor at Arsenal Investimentos and CFO at Gradiente Eletrônica
São Paulo Stock Exchange (BM&FBovespa) Level 2 Corporate Governance
Audit and Compensation Committee reporting directly to the Board of Directors
100% tag along rights for all shareholders including non-voting shares
shareholders, non voting
Arbitration procedures for fast settlement of litigation cases
First Brazilian bank to release BR GAAP and IFRS quarterly
Investor Relations | 2Q12 | 29/34
30. Committees
…favoring collective decision making.
Main decisions are taken by committees: Board of Directors and a structure of specific committees
Non-stop exchange of knowledge, ideas, and information
p
Transparencyy
45 days BOARD OF DIRECTORS
RISK COMPENSATION AUDIT
COMMITTEE COMMITTEE COMMITTEE
45 days Bi-annually Monthly
CEO
COMMITTEES
TREASURY INTERNAL
INVESTMENT HUMAN PERFORMANCE
EXECUTIVE CREDIT COMMITTEE LITIGATION CONTROLS AND IT ETHICS
BANK RESOURCES EVALUATION
ALCO COMPLIANCE
Monthly Twice a week Weekly Weekly Bi-monthly Every 2 months Monthly 45 days Quarterly On demand
Investor Relations | 2Q12 | 30/34
31. Dividends and Interest on Own Capital
PINE has delivered an attractive dividend yield paying dividends/interest on own capital on a quarterly
basis.
55
45
40 40
35 35
33
30
25 25
16
1H07 2H07 1H08 2H08 1H09 2H09 1H10 2H10 1H11 2H11 1H12
Investor Relations | 2Q12 | 31/34
33. Social Investment and Responsibility
PINE supports and promotes the Brazilian culture and sports
Culture
Social
Paulo von Poser: exhibit of the painter Paulo
von Poser, who is one of Brazil’s most prominent
Instituto Alfabetização Solidária artists
Instituto Casa da Providência Quebrando o Tabu: documentary based on the
analysis from the former President of Brazil,
Fernando Henrique Cardoso, on the fight against
drugs
Além da Estrada: motion picture, which
received the award for best director in the 2010
Sports Rio Festival
Minas Tênis Clube: training program for
athletes Responsible Credit
“Lists of E
“Li f Exceptions”: the B k d
i ” h Bank does not fi finance
projects or those organizations that damage the
environment, are involved in illegal labor
Most Green Bank practices or produce, sell or use products,
substances or activities considered prejudicial to
society.
y
System of environmental monitoring, financed by
the IADB and coordinated by FGV, and internally-
produced sustainability reports for corporate
loans.
Recognized by the International Finance Corporation
(IFC), private agency programs of the World Bank as the
most "green" bank as a result of its transactions under
the Global Trade Finance Program (GTFP) and its on
lending to companies focused on renewable energy and
ethanol.
Investor Relations | 2Q12 | 33/34
34. Investor Relations
Noberto Pinheiro Jr.
CEO
Susana Waldeck Norberto Zaiet Jr.
CFO COO
Raquel Varela
Head of Investor Relations
Alejandra Hidalgo
Investor Relations Manager
Phone: +55-11-3372-5343
ir.pine.com.br
ir@pine.com.br
This presentation contains forward-looking statements related to business prospects, estimates for operating and financial results, and estimates related to prospects for growth at Banco Pine. These are
merely projections and as such are based exclusively on the expectations of Banco Pine’s management concerning the future of the business and its continued access to capital to fund the Company’s
business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, and the performance of the Brazilian economy and
the industry, among other factors and risks disclosed in Banco Pine’s filed disclosure documents, and are, therefore, subject to change without prior notice.
Investor Relations | 2Q12 | 34/34
