Investor Presentaiton
Brazil: A Different Country
GP Investments
Annual Inflation X Nominal Annual Interest Rate
Foreign Trade (as a % GDP)
Income
189
26.8
176
29.00
25.00
29
23
19.00
19.00
15.75
16.50
17.75 18.00
12.5
13.25
13.75
13.0
78
18
98
11.25
12.5
8.9
7.7
9.3
6.0
7.6
6.9
5.7
4.5
I 5.9
14.3
1.7
3.1
75
15
62
6.1
69
1998
1999
2000
2001
I
2002
2003 2004 2005 2006 2007 2008
Nominal Annual Interest Rate
Annual Inflation (CPI)
Annual Inflation X Nominal Annual Interest Rate
1998
2008e
2002
2008
Exports (% GDP) Imports (%GDP)
■A/B
C
D/E
Debt (as a % 2008 GDP)
194%
4.00
3.54
$250
2.89
200
3.00
2.66
2.31
2.34
12.34
96%
2.14
1.95
150
1.80
1.77
56%
2.00
35%
35%
1.21
24%
7.5
100
80.3
1.00
5.8
50
2.9
4.6
3.8
$6.3
3.0
5.9
7.8
9.3
0.00
L
1998 1999 2000 2001 2002 2003 2004
Foreign Exchange Reserves (US$ billion)
0
2005
2006 2007 2008!
L
Government
Corporate
Consumers
Brazil
United States
F/X Rate (R$/US$, year-end)
Γ
4.3
3.2
3.4
1 3.6
2.9
! 3.9
2.7
4.2 5.7
4.4 3.9 4.0 4.0 5.4 4.5 5.1
3.2
1.3
1.1
Brazilian Banks - Key Indicators
BIS Ratio ROE 2009E
ROA 2009E
Itau
14.9%
23.4%
1.9%
0.3
Bradesco
15.6%
21.4%
1.8%
Banco do Brasil
13.0%
22.0%
1.4%
1998
1999
2000
200120022003 2004
Primary Result (% of GDP)
2005 2006
Real GDP Growth
2007 2008E
Unibanco
13.0%
21.5%
1.6%
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