Banco BTG Pactual S A : BTG Pactual posts record net profit of R$1.719bn in Q2, up 74% y/y

BTG Pactual posts record net profit of R$1.719bn in Q2, up 74% y/y

Bank enjoyed the best quarter in its history, with strong growth in all business lines

• Record NNM of R$98bn
• Third-partyassets of R$880bn, up 77% y/y
• AuM/AuA grew 65% y/y to R$501bn
• WuM rose 96% y/y to R$379bn
• Corporate and SMB loan portfolio expanded 51% y/y to R$86bn - SMB portfolio of
  R$14bn, up 142% y/y
• Revenues rose 52% y/y to R$3.8bn
• Strong (above-industry average) capital and liquidity ratios:
• BIS ratio of 17.3% 
• LCR of 215%
• ROAE of 21.6%

São Paulo, August 10, 2021 - BTG Pactual (B3: BPAC11) posted Q2 revenue of R$3.77bn, up 52% y/y. Adjusted net profit was R$1.719bn, up 74% y/y. The Bank racked up record NNM of R$98bn, while third-party assets grew 77% y/y to R$880bn.

Commenting on Q2 results, CEO Roberto Sallouti said: "We had the best quarter in our history, with strong results in all business lines, accelerated growth in our client franchises and high profitability, while our capital ratios remain above the industry average. We are reaping the

rewards of our unique, integrated business model, which simultaneously enables high growth rates and a strong balance sheet. We thank our clients for their invaluable support and partnership".

Investment Banking more than tripled its revenue y/y to R$685mn, with a strong contribution from all business lines, especially DCM and ECM.

The Corporate and SMB loan portfolio was R$86.4bn, up 51% y/y. The SMB portfolio

specifically (BTG + Business) hit R$14.1bn, up 36% q/q and 142% y/y and is now 16% of the Bank´s overall credit portfolio.

BTG Pactual received a strong revenue contribution from Sales & Trading, where revenues

rose 23% y/y to R$1.25bn, with the lowest level of risk allocation in our history (VaR of 0.25%). Asset Management posted record NNM for the third consecutive quarter, of R$44bn in Q2 and R$129.4bn LTM. Assets under management (AuM/AuA) ended Q2 at R$501.9bn, up 65% y/y.

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Wealth Management & Consumer Banking racked up impressive NNM of R$54bn and R$127.7bn LTM. WuM was R$378.9bn, up 19% q/q, and revenue was also a record at

R$375mn (+89% y/y).

ROAE was 21.6%, with a BIS ratio of 17.3% and comfortable liquidity levels.

On June 8, BTG Pactual concluded its third follow-on (R$2.98bn) to continue expanding its

retail units and preserving strong capital and liquidity ratios. We also continued with our selective agenda of strategic acquisitions, accelerating our growth and generating value for our stockholders.

Q2 highlights

Partnerships with Acqua-Vero and Wise

BTG Pactual digital incorporated the offices of independent financial advisors (IFAs) Acqua-

Vero and Wise, with AuC of R$8.5bn and R$2.5bn, respectively, continuing the strategy of broadening its product distribution.

Acquisition of Grupo Universa

On May 31, BTG agreed to buy 100% of the shares of Grupo Universa, formed by Empiricus and Vitreo, as well as their respective subsidiaries, including the content portals Seu Dinheiro, Money Times and the Real Valor app. This move will strengthen the Bank´s ecosystem, improving content generation and reinforcing the importance of financial education.

Partnership with Perfin

Perfin, a fund and Wealth Management platform with R$21bn under custody, will give BTG Pactual clients access to a range of sophisticated investment products.

Sale of CredPago to Loft, with part of the payment in shares.

On July 2, BTG Pactual sold its 49% stake in CredPago to Loft Brasil, and will receive the proceeds in 24 months, including a part in Loft Holding Ltd shares. Deal conclusion remains subject to regulatory approvals.

Awards and recognition

BTG Pactual´s teams received several awards in Q2: Best ESG Research Team in Brazil (Institutional Investor); Best Research, Trading & Sales Team in Brazil and Latin America (Institutional Investor); Best Investment Bank in Latin America (Global Finance); Best Investment Bank in Brazil (Euromoney); Best Performance, Growth, Profitability, Operational Efficiency, Product Quality, Return and Liquidity in Brazil (The Banker); Best Bank to Invest in the High-Income Client Digital Category (FGV/Fractal Consult); Best Private Bank for Businessmen Globally (Global Finance) and Best Bank for Digital Client Service in Latin America (PMW).

About BTG Pactual

btgpactual.com

BTG Pactual (BPAC11) is the biggest investment bank from Latin America, operating in Investment Banking, Corporate Lending, Sales & Trading, Wealth Management and Asset

Management. Since inception, in 1983, the Bank has been run based on a meritocratic partnership culture, focused on clients, excellence and a long-term vision. We have cemented our status as one of the most innovative sector players and have won numerous national and international awards. We currently have more than 4,000 employees in offices across Brazil, as

well as in Chile, Argentina, Colombia, Peru, Mexico, the US, Portugal and England. For more information go to http://www.btgpactual.com

btgpactual.com