Investor Presentaiton
APPENDIX: SUMMARY P&L
1H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 31
QUARTERLY P&L
CUMULATIVE P&L
TL Million
1Q22
2Q22
QoQ
6M21
6M22
YOY
(+) Net Interest Income including Swap costs
10.951
13.740
25%
9.455
24.691
161%
(+) NII excluding CPI linkers' income
10.829
13.017
20%
12.212
23.847
95%
(+) Income on CPI linkers
3.414
3.719
9%
2.255
7.134
216%
(-) Swap Cost
-3.293
-2.997
-9%
-5.011
-6.290
26%
(+) Net Fees & Comm.
3.206
3.882
21%
4.230
7.088
68%
(+)
Net Trading & FX gains/losses (excl. Swap costs and
currency hedge)
3.624
4.372
21%
2.335
7.997
242%
info: Gain on Currency Hedge
2.062
2.167
5%
1.725
4.229
145%
(+) Other income (excl. Prov. reversals & one-offs)
1.013
930
-8%
1.045
1.944
86%
(+) Income from investments under equity
271
216
-20%
305
486
59%
=
REVENUES
19.066
23.140
21%
17.371
42.206
143%
(+) Non-recurring other income
98
1.195
1119%
112
1.292
n.m
(+) Gain on asset sale
98
914
833%
112
1.012
807%
(+) Gain on debt sale
120
n.m
120
n.m
(+) Administrative Fine Reversal
О
160
n.m
160
n.m
(-) OPEX
-5.286
-5.773
9%
-6.629
-11.058
67%
(-) HR
-2.023
-2.289
13%
-2.567
-4.312
68%
(-) Non-HR
-3.262
-3.483
7%
-4.062
-6.746
66%
=
PRE-PROVISION INCOME
13.878
18.562
34%
10.853
32.440
199%
(-) Net Expected Loss (excl. Currency impact)
-1.419
-1.535
8%
-1.656
-2.954
78%
(-) Expected Loss
-7.151
-6.231
-13%
-8.146
-13.382
64%
info: Currency Impact
-2.062
-2.167
5%
-1.725
-4.229
145%
(+) Provision Reversal under other Income
3.670
2.529
-31%
4.765
6.200
30%
(-) Taxation and other provisions
-4.197
-4.109
-2%
-3.477
-8.305
139%
(-) Free Provision
0
n.m
-950
n.m
(-) Taxation
-3.067
-3.048
-1%
-1.357
-6.115
351%
(-) Other provisions (excl. free prov.)
-1.130
-1.060
-6%
-1.170
-2.190
87%
=
NET INCOME
8.263
12.918
56%
5.721
21.181
270%
1 Neutral impact at bottom line, as provision increase due to currency depreciation are 100% hedged
(FX gain included in Net trading income line)View entire presentation