Investor Presentaiton

Banco Itaú Company Highlights - Largest financial institution in Brazil (by market cap) - 10th largest in the world by market cap and 1st by ROE Market Cap - Dominant market share in key segments (consumer finance, credit card, mid-size companies) R$ 165 billion Value Creation Drivers - Exceptional management team - Solid capital base (BIS ratio of 15%) - Credit penetration growing fast (lower interest rates + formalization) - Strong barriers to entry deriving from highly verticalized business model - Partnerships with 350 retailers for issuance of credit cards - 6 banks control 80% of the market - Large part of profitability from transactional/franchise business (cards, asset management, fees) DYNAMO Administração de Recursos

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