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Unibanco´s Consolidated Results for the Period Ended June 30, 2001

Unibanco´s Consolidated Results for the Period Ended June 30, 2001. Conference Call August 17, 2001. 2Q01. 1Q01. 2Q00. QoQ%. YoY%. Net Income and Equity. Net Income (R$ million) 221 210 148 5.2% 49.3% Earnings/1000 shares (R$) 1.57 1.50 1.21 4.7% 29.8%

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Unibanco´s Consolidated Results for the Period Ended June 30, 2001

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  1. Unibanco´s Consolidated Results for the Period Ended June 30, 2001 Conference Call August 17, 2001

  2. 2Q01 1Q01 2Q00 QoQ% YoY% Net Income and Equity Net Income (R$ million) 221 210 148 5.2% 49.3% Earnings/1000 shares (R$) 1.57 1.50 1.21 4.7% 29.8% Equity (R$ million) 5,788 5,714 4,186 1.3% 38.3%

  3. Results and Capital Adequacy 2Q00 1Q01 2Q01 ROAE 14.9% 15.9% 16.2% ROAA 1.6% 1.6% 1.6% Basle Ratio 16.2% 15.3% 14.4% (Central Bank of Brazil) ROAE 16.20% 15.90% 14.90% 2Q00 1Q01 2Q01

  4. General Purpose Lending 11,891 10,874 7,817 9.4% 52.1% 4,072 4,193 3,325 -2.9% 22.5% Trade Finance Subtotal 15,963 15,067 11,142 5.9% 43.3% Personnel Loans 4,243 3,835 2,539 10.6% 67.1% 466 475 489 -1.9% -4.7% 894 903 795 -1.0% 12.5% 2,416 2,274 1,703 6.2% 41.9% Real Estate Leasing Credit Cards Subtotal 8,019 7,487 5,526 7.1% 45.1% Total 23,982 22,554 16,668 6.3% 43.9% Loan Portfolio In R$ million YoY% QoQ% Jun/01 Mar/01 Jun/00

  5. 6.22% 35.31% Loan Growth In R$ million 23,982 654 22,554 1.219 613 % Change 2Q01/2Q00 Unibanco: 32.6% Total: 43.9% 1.646 20,295 22,109 8.93% 21.76% 16,668 Mar/01 Jun/01 Jun/00 Unibanco Bandeirantes 50% Fininvest Organic Growth Total Growth

  6. Loan Breakdown March 2001 June 2001 Corporate Middle Market Corporate Middle Market 1% Private 14% 1% Private 17% Credicard and Fininvest Large Corporate Large Corporate Credicard and Fininvest 9% 42% 9% 44% 32% 31% Retail Banking Retail Banking R$ 23,982 million R$ 22,554 million

  7. D-H B C AA A Credit Quality 16,013 17,327 17,833 22,148 23,473 24,901 44% 45% 41% 41% 39% 38% R$ million 27% 27% 28% 30% 31% 32% 10% 10% 9% 10% 10% 10% 12% 11% 14% 10% 11% 10% 7% 8% 9% 8% 9% 9% Mar/00 Jun/00 Sep/00 Dec/00 Mar/01 Jun/01 Note: Total risk, including the loan portfolio and other receivables.

  8. Credit Quality 91% 92% 93% 91% 91% 92% 24,901 23,473 22,148 17,833 17,327 16,013 Mar/00 Jun/00 Sep/00 Dec/00 Mar/01 Jun/01 % AA - C Total Portfolio (R$ million) Note: Total risk, including the loan portfolio and other receivables.

  9. Over 60 Days Past Due Credits / Total Loans 4.2 4.1 3.8 3.8 3.4 3.2 % 2,6 3.0 3.0 2.7 2.3 2.3 Mar/00 Jun/00 Sep/00 Dec/00 Mar/01 Jun/01 Unibanco Consolidated Unibanco Consolidated excluding Bandeirantes Unibanco Consolidated excluding Bandeirantes and Fininvest

  10. 2Q01 1Q01 2Q00 1S01 1S00 1,561 1,484 1,135 1,484 972 433 382 225 815 537 - - 51 - 85 (340) (305) (266) (645) (449) 1,654 1,561 1,145 1,654 1,145 1.1% 1.0% 0.9% 2.0% 1.4% 74 82 110 156 213 Provision for loan losses (initial balance) Expenses with provisions for loan losses Incorporated Balances Loan charge-offs Provision for loan losses (final balance) Net charge-off / Total loan portfolio Loan recovery Loan Loss Provisions In R$ million

  11. Funding In R$ million Mar/01 Jun/00 YoY% Jun/01 QoQ% Funds in Local Currency 31,185 30,481 21,488 2.3% 45.1% Funds in Foreign Currency 12,264 11,478 8,900 6.8% 37.8% Total Funds 43,449 41,959 30,388 3.6% 43.0% Assets Under Management 19,039 20,320 16,184 -6.3% 17.6% Total Funds + Assets Under Mgt 62,488 62,279 46,572 0.3% 34.2%

  12. Deposits In R$ million YoY% Jun/01 Mar/01 Jun/00 QoQ% Demand Deposits 2,290 2,484 1,537 -7.8% 49.0% Savings Deposits 4,163 3,680 2,740 13.1% 51.9% Interbank Deposits 318 212 71 50.0% 347.9% Time Deposits 8,115 7,720 5,472 5.1% 48.3% Total Deposits 14,886 14,096 9,820 5.6% 51.6%

  13. Fee Income In R$ million 2Q01 1Q01 2Q00 1S01 1S00 Tariffs and Commissions 267 250 198 517 379 Credit Cards 192 182 157 374 291 Asset Management 59 66 46 125 95 Total 518 498 401 1,016 765

  14. In R$ million Total Personnel and Adm. Expenses 488 Bandeirantes 226 Acquisitions Fininvest 97 39 54 R$ 39 million correspond to organic growth plan (ContAtiva) 93 Multiple Bank AIG Brasil and Trevo’s administrative expenses were consolidated in UASEG Insurance Pillar 19 Consolidated as stand alone company since Nov/00 17 Banco1.net Volume growth 10 Credicard Main Changes in Personnel and Adm. Expenses 1S01 vs. 1S00 - Consolidated

  15. 1S01 x 1S00 - Multiple Bank ContAtiva In R$ million 1S01 39 1,019 Multiple Bank +93 10% 926 1S00 163 1S01 Fininvest +31 24% 66 66 132 1S00 226 1S01 - 73 - 25% Bandeirantes 299 1S00 1,863 1S01 +123 7% Total Consolidated (*) 1,375 365 1,740 1S00 Reported Prior to Acquisition Notes: For visual purpose only. (*) Includes all other companies such as Credicard, Seguros etc. Main Changes in Personnel and Adm. Expenses

  16. Personnel & Adm. Expenses Fee Income Fees & Tariffs / Personnel & Adm. Expenses 54.4% 54.8% 56.5% 951 912 710 R$ Million 498 401 518 2Q00 1Q01 2Q01 Fee Income/Personnel and Adm. Expenses

  17. Efficiency Ratio 60.0% 60.8% 58.6% 56.0% 56.7%(1) 28,846 28,752 28,384 20,607 19,457 98 99 00 1Q01 2Q01 Efficiency Ratio(2) Number of Employees (1) Excluding extraordinary earnings (2) Administrative Expenses / (Profit from Financial Intermediation - Allowance for loan losses + Fees & Tariffs + Other Taxes + Other Operating income/Expenses)

  18. Consolidated Income Statement In R$ million 1S00 1S01 2Q01 1Q01 2Q00 Revenue from financial intermediation 2,546 2,416 1,641 4,962 3,102 Expense on financial intermediation (1,726) (1,597) (937) (3,323) (1,767) Profit from financial intermediation 820 819 704 1,639 1,335 Fee Income 518 498 401 1,016 765 Insurance, Capitalization and private 417 441 321 858 654 retirement plans Personnel / Administratives (951) (912) (710) (1,863) (1,375) Operating Income 316 266 234 582 461 Net Income 221 210 148 431 351

  19. In R$ million 2Q01 1Q01 Exchange rate fluctuation on investments abroad 125.2 170.8 Hedge effect on investments abroad (46.5) (77.8) Income abroad 78.7 93.0 Opportunity Cost (64.5) (56.4) Managerial impact of investments abroad 14.2 36.6 Effects of FX on Investments Abroad

  20. 2001 Priorities • Customer base expansion • Banco Bandeirantes integration • Fininvest synergies

  21. Organic Growth • Open 259 points of sale (66 full branches) • Open 1.8 million accounts • Organic growth attained in 1S01: an annualized rate of 14% 3-Year Goals:

  22. 60 50,000 54 53 52 50 48 48 47 47 50 45,000 40,000 40 35 35,000 30 30,000 20 10 25,000 10 4 1 20,000 0 Apr May Jun Jun Jul Jul Aug Aug Aug Sep Sep Oct Nov Dec Banco Bandeirantes Integration R$ Million Estimated Expenses Actual Expenses # Branches

  23. Estimated reduction of 35% of Banco Bandeirantes’ annual costs,fully impacting 2002 financials. In June 2001, approximately 3/4 of the planned cost effectiveness had already been attained, ahead of the original timetable, which had estimated 57% in June . Banco Bandeirantes Integration

  24. Banco Fininvest • Increase cross-selling of Unibanco’ s products (pilot plans have already begun) • 3-year back-office integration plan (with the Retail bank and credit card company) • Will remain as an independent brand

  25. Branches Increasing Scale Unibanco Network - 1S01/1S00 Growth ATMs 36% 39% 21% 11% 5% 5% Peer B Unibanco Peer A Unibanco Peer A Peer B PABs (Corporate-site) 37% 20% 20% Unibanco Peer A Peer B

  26. 33% 16% 14% 17% 12% 6% 4% 4% 3% 6% 4% 3% Unibanco Peer A Peer B Unibanco Peer A Peer B Increasing Scale Client Base Growth Growth Organic Growth 1S01/1S00 1S01/1S00 1S01/2S00 1S01/2S00

  27. Increasing Scale Average Products per Client Mar/97 Mar/00 Mar/01 Segment Uniclass 3.3 6.1 6.1 Exclusive 3.1 4.7 5.0 Special 1.5 3.3 4.0 2.6 4.7 4.9 Total < 1 year clients = 4.2 > 1 year clients = 5.2 Scale = Clients x Transactions

  28. Corporate Governance Level 1 (Novo Mercado) • We highlight Unibanco and Unibanco Holdings joining Level 1 of Bovespa’s Corporate Governance • 23.3% weight in the Corporate Governance Index • Strengthened commitment to high quality disclosure

  29. MSCI Latin American Index • Unibanco’s weight was increased from 0.69% to 1.13% in May. • This growth placed Unibanco among the 15 Latin American companies that achieved the greatest increase in their relative weight in the index (15 top gainers).

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