Institutional Presentation

1
Unibanco and Unibanco Holdings, S.A.
Institutional Presentation March, 2007
Investor Relations
2
Overview of Unibanco
Investor Relations
3
Highlights
Controlled by the Moreira Salles group
Publicly traded at Bovespa (Brazil) and NYSE
Level I Corporate Governance on the Bovespa
Level III ADR on the NYSE and a member of IBOVESPA
Very liquid stock R48.5 mln / US24.1 mln
ADTV at Bovespa R171.8 / US85.5 mln ADTV
at NYSE
Financial statements in US GAAP since 1997
In 1Q07
4
A Snapshot of Unibanco
As of March 2007

• Serves individuals and SMEs with annual revenues
  lower than R150 million
• More than 24 million clients
• Leading Consumer Finance franchise
• Improvement of the credit card portfolio, which
  posted a 24 growth over the past 12 months
• Payroll linked loans portfolio presented a growth
  of 64.5 when compared to March 2006

Retail and Consumer Credit
CROSS SELLING

• Balanced business mix
• Aggressive expansion in the retail segment
• Benchmark in consumer finance and wholesale
  business

Wholesale
Wealth Management

• Offers investment products via Unibanco Asset
  Management to individuals and institutional
  investors and covers high net worth individuals,
  in the private banking segment
• Total assets under management R45.6 billion
• 2nd place in Private Banking (Anbid), with a 9.5
  market share as of March, 2007

• Full coverage of more than 2,000 corporations
  with annual revenues greater than R150 million,
  in addition to institutional investors in Brazil
  and internationally
• Investment Banking MA, Capital Markets
  Project Finance
• The Wholesale loan portfolio reached R19,671, up
  19.9 over the past 12 months

5
Organizational Structure

• Prominent Board Members
• Independent Audit Committee

Board of Directors Pedro Malan Chairman Pedro
Moreira Salles Vice-Chairman
Audit Committee Gabriel Jorge
Ferreira Chairman Members
Board Members
Israel Vainboim Rogério Calderón Eduardo A.
Guimarães Guy Almeida Andrade
Insurance and Pensions HR and Communication
Wholesale and Wealth Management
Treasury
Retail
Demosthenes Madureira
Márcio Schettini
Daniel Gleizer
José Rudge
Risk, Compliance and Operational Efficiency
Planning, Control, Operations and IR
Legal and Tax
Claudia Politanski
Marcos Lisboa
Geraldo Travaglia
6
Timeline
Over 80 years of history to become one of the
leading full service banks in Brazil
7
Segmentation and Distribution
Nationwide Distribution
Client Focus
(As of March 2007)
More than 17 thousand points of sale
Large Companies
Private Bank
Branches
Corp. Site Branches
North
11
North
North
8
95
Northeast
69
Northeast
Northeast
35
442
Upper Middle Market
Mid-West
44
Mid-West
Mid-West
28
155
Southeast
701
Southeast
Southeast
198
2.363
UniClass Segment
South
122
South
South
37
293
Brazil
947
Brazil
Brazil
306
3.348
Lower Middle Market
Stores
Points of Sale
255
9
North
North
1,398
73
Northeast
Northeast
Exclusive Segment
957
37
Mid-West
Mid-West
5,614
412
Southeast
Southeast
Small Business
South
2,857
140
South
11,081
671
Brazil
Brazil
Consumer Finance Companies
Corporate
Individuals
Stores
Mid-West
46
Southeast
434
South
240
Wholesale
Retail
Private Banking
Brazil
720
8
Client Base
In Millions of Clients
24.1
Joint-Ventures with Retailers
Consumer Finance
Universal Bank
Dec-03
Dec-04
Dec-05
Mar-06
Dec-06
Mar-07
9
Retail Business Model
100 Unibanco
Joint-Ventures
Alliances
10
Loan Portfolio Growth
R Millions
Mar-06
Dec-06
Mar-07
D Quarter
D 12 months
Portfolio highlights
64.5
20.9
1,496
2,461
2,036
Payroll Loans
9.0
34.0
Car Loans
3,739
5,009
4,594
SMEs
7,488
9,011
8,515
20.3
5.8
Mortgages
1,396
1,545
1,476
10.7
4.7
Large Corporate
16,403
19,671
19,421
19.9
1.3
Credit Cards
3,987
4,947
5,070
24.1
-2.4
Consumer Finance Companies
2,900
2,715
2,808
-6.4
-3.3
Individuals
5.1
16.0
15,793
18,319
17,425
Corporate
2.7
20.1
23,891
28,682
27,936
Total Portfolio
3.6
18.4
39,684
47,001
45,361
11
Payroll Loans
R Millions
64.5
20.9
2,461
2,036
1,246
6.2
1,496
1,173
1,021
40.8
1,215
863
475
Dec-06
Mar-07
Mar-06
Acquired portfolio
Own portfolio
12
Mortgage
Unibanco is preparing itself for the development
of this market in Brazil

• Main actions in 2007
• Improvement of credit approval process
• (credit analysis in less than 30 minutes)
• Improvement of customer services (Unibanco takes
  care of all the necessary documents)(1)
• Closer relationship with developers and brokers
  through agreements (Rede Secovi, Lopes)

Presence in the sector
Construction Loans to Developers aiming the final
buyers mortgage
Construction Loans (Plano Empresário)
Fidelization/Cross-selling
Mortgage Financing
Participation on the equity side of residencial
developments
Sistema Fácil
Letter of Credit program
Plano Único
(1) Valid for the cities of São Paulo, Rio de
janeiro, Belo Horizonte and Recife
13
Auto Financing
Cars Trucks Buses Loans
34.0
R Millions
5,009
3,739
Mar-06
Mar-07
Focus New Cars (Financed Units)
Focus New Trucks Buses (Financed Units)
1Q06 100
1Q06 100
1Q07
1Q07
193
170
123
116
Market
Market
14
Credit Cards
Billings (Unicard Hipercard)
Loan Portfolio (Unicard Hipercard)
24.1
31.2
R Millions
R Millions
5,474
4,947
3,987
4,172
1Q06
1Q07
Mar-06
Mar-07
Number of cards (In millions)
30
30.0
25.0
22
Total Cards
20.0
15.0
Private Label cards
10.0
8
5.0
Credit Cards
Jun-04
Dec-04
Jun-05
Dec-05
Jun-06
Dec-06
Mar-07
15
Financial Performance
Investor Relations
16
Performance
R Millions
1Q07
D 1Q07/1Q06
11.7
Net Income
581
11.7
938
Operating Income
25.1
24.0
10.3
21.0
9.5
16.1
8.4
7.4
1Q07
1Q05
1Q04
1Q06
Annualized ROAE ()
Stockholders Equity (R Bln)
17
Highlights

• 5.4 Retail portfolio growth in 1Q07
• - Payroll loans 20.9 (64.5 YoY)
• - Car loans 9.0 (34.0 YoY)
• - SMEs 5.8 (20.3 YoY)

Loan Portfolio

• 18.4 reduction in provision for loan losses,
  1Q07 vs 1Q06 (down 1.7 QoQ)
• Better ratio of D-H portfolio over total loans
  (6.2 vis-à-vis 8.0 in March 2006)
• Higher E-H portfolio coverage ratio, 116,
  compared to 113 in March 2006

Asset Quality Improvement
Destaques

• Personnel and Administrative expenses
• - 7.8 reduction compared to 4Q06
• - 4.2 up in 12 months
• - 1.8 up in 12 months for companies under
  Unibancos direct management

Operational Efficiency

• Unibanco ADTV(1) (Bovespa NYSE) R220 million
  in 1Q07 versus R179 million in 1Q06, a 23
  increase
• Market Capitalization(2) R30.2 billion

Stocks
(1) Average Daily Trading Volume (2) As of May
9th, 2007
18
Performance 1Q07 versus 1Q06
1Q06 100
133
118
100
100
100
82
Loan Portfolio
Provision for Loan Losses
Core Deposits
112
112
104

100
100
100
Administrative Expenses
Operating Income
Net Income
1Q07
1Q06
19
Performance 1Q07 versus 4Q06
1Q06 100
104
105
100
100
100
98
Loan Portfolio
Provision for Loan Losses
Core Deposits
101
102
100
100
100
92

Administrative Expenses
Operating Income
Net Income
1Q07
4Q06
20
Income Statement Summary
R Millions
1Q07
1Q06
4Q06
Gross Profit from Financial Intermediation

2,408
2,490
2,358
Provisions for Loan Losses
(524)
(533)
(642)
Net Profit from Financial Intermediation
1,884
1,957
1,716
869
886
839
Fees from Services Rendered
Personnel and Administrative Expenses
(1,384)
(1,501)
(1,328)
Operating Income
938
917
840

581
576
520
Net Income
21
Financial Indicators
R Millions
Loan Portfolio
Total Assets
47,001
115,191
45,361
43,323
103,709
41,929
101,999
39,684
98,217
93,689
Mar-06
Dec-06
Mar-07
Mar-06
Jun-06
Dec-06
Mar-07
Sep-06
Sep-06
Jun-06
Net Profit from Financial Intermediation
Earnings per Share (R)
1,957
1,902
0.21
0.21
1,884
1,724
0.20
0.20
0.19
1,716
1Q06
2Q06
3Q06
4Q06
1Q07
1Q06
2Q06
3Q06
4Q06
1Q07
22
Loan Portfolio Growth
18.4
R Millions
3.6
47,001
45,361
27,330
39,684
Retail
25,940
5.4
23,281
1.3
19,671
Wholesale
19,421
16,403
Dec-06
Mar-07
Mar-06
D 2006
D 12 months
D Quarter
Brazilian Financial System
20.7
21.0
3.3
13.8
18.4
3.6
23
Financial Margin
16.5
Provision for Loan Losses / Financial Margin
Selic Rate
-730 b.p.
12.75
10.9
29.1
9.3
27.9
27.2
7.9
7.2
23.3
21.8
21.4
1Q06
1Q07
1Q07
2Q06
3Q06
1Q06
4Q06
4Q05
Financial Margin After Provision
Financial Margin
24
Asset Quality
D-H Portfolio / Loan Portfolio
Coverage D-H Portfolio
92
92

69
Mar-06
Dec-06
Mar-07
Coverage E-H Portfolio
6.2
6.4
8.0
116
115

113
Mar-06
Dec-06
Mar-07
Mar-06
Dec-06
Mar-07
25
Deposits and Assets under Management
R Millions
Mar-07
Dec-06
Mar-06
3,963
Demand Deposits
4,014
3,959
6,757
Savings Deposits
5,248
7,510
5,452
Core Deposits CDs
3,604
5,478
16,172
Core Deposits
17,002
12,811
29,631
Time Deposits Debentures
28,725
29,430
45,803
Total Deposits Debentures (A)
46,432
41,536
43,780
Assets Under Management (B)
39,924
45,606
89,583
Total Deposits Debentures AUM (AB)
92,038
81,460
45
Core Deposits / Total Deposits
35
49
26
Personnel and Administrative Expenses
R Millions
Total Expenses
4.2
-7.8
1,501
1,384
1,328
-3.0
558
541
535
-10.6
943
843
793
4Q06
1Q07
1Q06
Administrative
Personnel
27
Fee Income
R Millions
4Q06
1Q07
1Q06
Banking fees and commissions
460
510
520
Credit Cards own cards(1)
135
121
102
Assets under management
82
76
97
Other fees
97
90
92
824
807
751
Subtotal
Redecard
62
62
88
Total
886

869
839
(1) Hipercard Unicard
28
Efficiency Ratio
59.5
R Millions
53.7
51.1
48.8
47.5
2,940
2,835
1,501
1,384
1Q05
1Q06
1Q04
1Q07
4Q06
Efficiency Ratio
Revenues
Expenses
29
Insurance and Pension Plans
R Millions
1Q07
4Q06
1Q06
Income Statement Summary
903
Net premiums written
849
1,142
551
Premiums earned
474
625
111
Industrial result
79
106
(67)
Personnel and administrative expenses
(58)
(63)
31
Operating income
30
35
82
53
85
Financial equity result
79
Net Income
92
69
8,298
Technical Reserves
7,304
8,730
44.6
Loss Ratio
55.6
47.3
94.4
Combined Ratio
93.7
94.4
30
Stocks

• Unibanco was the first Brazilian bank to be
  listed on the New York Stock Exchange (NYSE)
• In 2007, Unibanco celebrates its 10th anniversary
  of listing in the american market

31
Ratings
Unibanco's Rating is upgraded

• On April 27th, 2007, Moodys Investors Service
  upgraded Unibancos Financial Strength rating to
  B- (B minus) from C-, representing a 3-notch
  upgrade
• The new rating is the highest assigned in the
  country, and places Unibanco among the top
  Brazilian banks in Financial Strength. Only 2
  other financial institutions obtained the same
  rating

• Fitch Ratings upgraded, on May 14th, 2007,
  Unibanco's rating to BBB-, which represents an
  investment grade.
• The rating refers to the long-term foreign
  currency IDR (Issuer Defaut Rating) and is the
  highest among Brazilian Financial Institutions.
  This current level is also higher than the rating
  assigned to Brazil, BB.

32
Shareholders Structure
Investor Relations
33
Shareholders Structure
Thousands of Shares

of Unibanco shares
Moreira Salles Group Float Units
GDS Others Total
513,068 1,075,410 40,668 1,629,146
18 38 2 58
PN Unibanco Holdings
UNITs 76.7


of Unibanco shares
PN Unibanco
1,629,146 1,075,410 98,515 2,803,071
58 38 4 100
Unibanco Holdings Float Units
GDS Others Total
1 GDS10 Units
34
Ratings
Investor Relations
35
Unibanco Ratings
Moodys
Global Scale Foreign Currency
Global Scale Local Currency
Long TermDebt
Long Term Deposits
Short Term Deposits
Financial Strength
Long Term Deposits
Short Term Deposits
Ba2
Ba3
NP
-
A1
P-1
Brazil
Brazil
Baa3(1)
NP
B-
Ba3
P-1
A1
Unibanco
Unibanco
Standard and Poors
Foreign Currency
Local Currency
Long Term
Short Term
Long Term
Short Term
BB
B
Brazil
A-3
Brazil
BBB
Unibanco
BB
B
Unibanco
BB
B
Fitch Ratings
Foreign Currency
Local Currency
Long Term
Short Term
Long Term
Short Term
BB
B
BB
-
Brazil
Brazil
Unibanco
BBB-
F3
Unibanco
BBB-
F3
(1) The Baa3 rating was attributed to the MTN
Programme (Medium Term Note Programme) of
Unibanco and also to the notes indexed to the
IGP-M (General Market Price Index) and payable in
US dollars issued by Unibanco Grand Cayman
Branch.
36
Unibanco and Unibanco Holdings, S.A.
Investor Relationsphone 5511-3584-1980 fax
5511-3584-1585email investor.relations_at_unibanco.
com site www.ir.unibanco.com
This presentation contains forward-looking
statements regarding Unibanco, its subsidiaries
and affiliates - anticipated synergies, growth
plans, projected results and future strategies.
Although these forward-looking statements reflect
managements good faith beliefs, they involve
known and unknown risks and uncertainties that
may cause the Companys actual results or
outcomes to be materially different from those
anticipated and discussed herein. These risks and
uncertainties include, but are not limited to our
ability to realize the amount of the projected
synergies and the timetable projected, as well as
economic, competitive, governmental and
technological factors affecting Unibancos
operations, Junkets, products and prices, and
other factors detailed in Unibancos filings with
the Securities and Exchange Commission which
readers are urged to read carefully in assessing
the forward-looking statements contained herein.
Unibanco undertakes in duty to update any of the
projections contained herein.