BTG Pactual Reports 1Q 2019 Financial Results

• Revenue was R$1.482bn, up 13% versus 1Q18; Adjusted Net Income was R$721mn

• Return on adjusted equity (ROAE) in the period was 15.1%

• Strong performance in Investment Banking was marked by revenues of R$175.4mn, up 103.9% versus 4Q18 and 59.3% higher than in 1Q18

• Compared to the first quarter of 2018, Wealth Management assets (WuM) rose 33.4% to R$133.6bn, and Asset Management total AuM (AuM and AuA) grew 30.8% to R$214.4bn

• BTG Pactual Digital started to show its potential for accelerated growth as we continued expanding our network of Independent Financial Advisors

São Paulo, May 9, 2019 – BTG Pactual (B3:BPAC11) today reported adjusted net income of R$721 million in the first quarter of 2019, 9.3% higher than the same period a year ago. Revenues totaled R$1.482 billion, and the Bank’s BIS ratio was 17.6%.

Investment Banking had strong performance in the quarter, recording revenues of R$175.4 million, which were 103.9% higher than 4Q18 and 59.3% higher than 1Q18. Revenue growth was driven by all operating fronts, particularly in the segments of Financial Advisory Services and Debt Capital Markets.

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BTG Pactual Announces 4Q and Full Year Results for 2018

Strong Performance Highlighted by a 13% Rise in Fourth Quarter Revenues

• Full-year adjusted net income was R$2.741bn, revenue was R$5.352bn and the BIS ratio was 16.6%

• Asset Management attracted record net new money (NNM) in 2018, with inflows of R$43.7bn. Total assets under management and administration were R$207.5bn at quarter close, up more than 40% y-o-y

• Wealth Management also posted record NNM of R$23.8bn, ending 2018 with R$119.2bn under management, up +35% y-o-y

• Investment Banking revenues soared 48.4% in 4Q18, the Bank’s best-ever quarterly performance

• BTG Pactual Digital ended the year by launching its Home Broker platform and initiating its expansion in the Independent Financial Advisor market

• Return on adjusted equity (ROAE) ended Q4 at 15%

São Paulo, February 25, 2019 – BTG Pactual (B3:BPAC11) reported total revenue of R$1.55bn, a year-over-year increase of 13%, and adjusted net income of R$711mn at the end of 4Q 2018. The Bank closed the quarter with a BIS ratio of 16.6% and annualized return on equity of 15%.

For the full year, revenue was R$5.352bn, and adjusted net income of R$2.741bn. Adjusted earnings per share for the year were R$3.14 and R$0.81 in the fourth quarter.

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BTG Pactual Strengthens Senior Management Team with Hire of Eduardo Guardia

Steve Jacobs to Become Executive Chairman of BTG Pactual Asset Management

Eduardo Guardia To Become CEO of BTG Pactual Asset Management

São Paulo, February 15, 2019 – BTG Pactual (B3:BPAC11) today announced that former Finance Minister Eduardo Guardia will join the Firm as a Partner and CEO of BTG Pactual Asset Management, the largest independent asset manager in Latin America. He will commence his new role on July 1, 2019. Steve Jacobs will continue to serve as CEO until that date and will then become Executive Chairman of BTG Pactual Asset Management as well as being responsible for BTG Pactual Group’s international investments.

“Eduardo Guardia has had a distinguished career in both the public and private sectors and is an acknowledged leader with significant experience and knowledge of macroeconomics, investment and management,” said Roberto Sallouti, CEO of BTG Pactual. “He has strong relationships with some of the region’s most respected investors and will bring unique insights to our Asset Management team.”

“BTG Pactual continues to demonstrate its commitment to being the leading investment bank in Latin America, with deep relationships and operational scale in the region, complemented by global capabilities and presence,” Guardia said. “I look forward to drawing on my experience to ensure we surpass client expectations and reinforce our leadership position in Latin America.”

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Our Values

  • Meritocracy

    We promote a partnership and meritocratic management structure. The talent, dedication and performance of our employees are the foundations of our growth.

  • Client Focused

    Our mission is to serve our clients in a competitive, innovative and transparent manner.

  • Global Thinking and Presence

    We are present in Brazil, Chile, Peru, Colombia, Mexico, United States, United Kingdom and China. As a result, we can offer our clients business opportunities in many regions.

  • Long Term Ambition

    We aim to forge long-term relationships with our clients.


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