Banco BTG Pactual : BTG Pactual 1Q2020

BTG Pactual´s Q1 adjusted net profit rose 9.4% y/y to R$789mn

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Consolidated revenues came in at R$1.52bn, up 2.4% y/y on 1Q19´s R$1.48bn

Consistent growth in AM and WM in 1Q20, with heavy flows in both verticals: +20% y/y in growth in assets under management in Wealth Management and +25% y/y in Asset Management, and consolidated net new money of R$21.2bn

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BIS ratio of 19.4% in the quarter, reflecting a conscious decision to preserve strong liquidity and capital levels, applying a conservative risk management approach - average daily VaR fell 29.3%

Return on adjusted equity (ROAE) was 14.5% in 1Q20

São Paulo, May 12, 2020- BTG Pactual (B3:BPAC11) posted adjusted net profit of R$789mn in 1Q20, up 9.4% y/y, with consolidated revenues of R$1.5bn.

Commenting on 1Q20 numbers, CEO Roberto Sallouti said: "In this quarter we faced an unprecedented crisis. We are proud of our results and aware that the scenario ahead is fraught with uncertainty and demands the utmost attention. In this sense, we took actions that preserve our solid capital and liquidity position. We also adopted initiatives to protect employees, maintain operational capacity, support clients and help reduce the impacts of this crisis on the communities in which we operate. In doing so, we believe we have positioned the Bank to provide the best return to our stockholders and to society in general".

In Asset Management, assets under management (AuM and AuA) on March 31, 2020 totaled

R$268.8mn, up 25.6% y/y. In Wealth Management, this same number was R$160.8mn, up 20.2% y/y. WM also posted record revenues and net new money for a quarter, to the tune of R$169.8mn and R$11.9bn, respectively.

Investment Banking revenues came in at R$189mn, up 7.5% y/y, in a quarter in which the Bank continued to head industry rankings.

As part of its strategy to develop a Digital Retail Unit, BTG Pactual continues improving its market penetration and ability to attract more sophisticated financial advisors whilst constantly providing excellent services to its growing client base.

BTG Pactual

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The Bank ended 1Q20 with a BIS ratio of 19.4% and annualized ROE of 14.5%.

About BTG Pactual

BTG Pactual is the largest investment bank from Latin America, and is active in Investment Banking, Corporate Lending, Sales & Trading, Wealth Management and Asset Management. Since its inception in 1983, it has been run based on a meritocratic partnership culture, focused on the client, excellent services and a long-term view. The Bank has cemented its status as one of the most innovative sector players and has received multiple national and international awards. It has just under 3k employees working in offices in Brazil, Chile, Argentina, Colombia, Peru, Mexico, US, Portugal and England. For more information, visit http:// www.btgpactual.com

For more press information, please contact:

Ilana Szyller, Leonardo Duarte or Tales Ponce | [e-mail]

BTG Pactual

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