Banco do Estado do Rio Grande do Sul S A : BanRi360° 4Q2022

Banrisul's IR Program Quarterly Newsletter

A tour of Banrisul from the Investors' perspective

Highlights 4Q22

A D J U S T E DL O A NP A Y R O L LR U R A L

N E T I N C O M E P O R T F O L I OL O A N SC R E D I T

R$251.1 ml

▼12m: -2.7%

▲3m: +82.1%

4 Q 2 2 N E T I N T E R E S T I N C O M E

R$1.280,4 mi

▲12m: +9.1%

▲3m: +11.2%

R$47.4 bi

▲12m: +19.7%

▲3m: +3.5%

F E E S A N D S E R V I C E S R E V E N U E S

R$550.6 mi

▲12m: +6.8%

▲3m: +5.5%

R$20.1 bi	R$7.9 bi
▲12m: +8.9%	▲12m: +62.9%
▼ 3m: -1.3%	▲3m: +17.4%
D E F A U L T	C O S T
R A T I O	O F R I S K
9 0 d a y s
1.58%	1.97%
▲12m: -0.49 p.p.	▲ 2m: +0.05%
= 3m: 0.0 p.p.	▲3m: +0.19%
	.

Guidance 2023

	2023
	Guidance
Total Loan Portfolio	10% to 15%
Commercial Loans - Individuals	7% to 12%
Commercial Loans - Companies	10% to 15%
Rural Loans	24% to 29%
Loan Loss Provision Expenses/Loan Portfolio	1.5% to 2.5%
Funding¹	8% to 12%
Financial Margin (NII)2	19% to 23%
Administrative Expenses3	6% to 10%
Return on Average Equity	11% to 15%

1 Funding: Deposits (excluding Interbank Deposits) + Funds from bank notes and similar, except subordinate notes. 2 Net Interest Income change.

3 Administrative Expenses excluding fee commissions on banking correspondents.

Investor Relations

BanRI360º - 4nd quarter of 2022 Year 2 - No. 7

Base date: 12/30/2022

Loan Portfolio

Loan Portfolio Balance	Δ 19.7%
R$ billion				In 12 months
	37.6	36.6	38.7	41.0	42.4
36.2	36.0
4%

11%

7%

17%

60%

44.6 47.4 49.1

3%

11%

16%

18%

52%

dez/19 jun/20 dez/20 jun/21	set/21	dez/21	mar/22 jun/22	set/22 dez/22
		Individuals		Companies		Rural			Real Estate		Other

Individuals

% Change	YoY	QoQ
Payroll Loans	8.9%	-1.3%
Consumer Loans	40.4%	8.8%

Companies

% Change	YoY	QoQ
Working Capital	27.7%	5.9%
Debt Accounts	14.7%	-7.3%

Rural and Real Estate

% Change	YoY	QoQ
Rural	62.9%	17.4%
Real Estate	19.0%	2.1%

Credit Underwriting

R$ billion

Δ 3.1%

43.7 45.0

2021 2022

Main drivers 2022 vs 2021

Δ 64.6%		Δ 15.2%
Rural		Companies
Δ 33.4%			Δ 39.8%
Real Estate			Foreign Trade

Investor Relations

Credit Quality

90 days

2.8%

2.4%

2.1%	2.0%	1.9%	1.8%			1.8%
	1.6%
			1.6%
1.8%	1.8%	1.8%	1.6%	1.6%
	1.5%
Dec-21	Mar-22	Jun-22		Sep-22	Dec-22
	Individuals		Companies		Total

Total Default Ratio at

historic lows

with better performance

compared to

RS and BR

Default Ratio BR x RS

90 days
3.9%
3.0%	2.4%	1.5% 2.1%
1.7%
		BR 1		RS 1
		Individuals		Companies			Total
Portfolio Concentration ²	12.2%

8.1%

6.8%

Coverage Ratio

90 days

309.7%	315.3%	319.7%	324.9%	313.6%

Dec-21Mar-22Jun-22Sep-22Dec-22

Loan Portfolio at Normal Risk

(AA - C Ratings)

5.4%

3.6%

2.1%

88.7%

91.6%

89.9%

93.4%

10 Largest Debtors 20 Largest Debtors 50 Largest Debtors

	Banrisul		Market Average

1 Source: Brazilian Central Bank. BR = Brazil / RS = Rio Grande do Sul. Data os of Dec/22.

2 Market Average is the average of the concentrations of the four largest banks listed on B3, weighted by Loan Portfolio.

Investor Relations

Dec-19Dec-20Dec-21Dec-22

Rural Loans
Rural Loan Portfolio
R$ billion	▲ 62.9%

7,880

4,837

Dec-21Dec-22

Crop Plan

2022/2023

66%

Granted

By Type of Financing¹	By Farmer Category¹
3.5%	2.3%	20.6%

42.3%

27.9%

R$ 7 bilhões

em crédito

		66.2%					37.1%
	Cost		Investment		Pronaf		Pronamp		Other
	Commercialization		Industrialization

1 Breakdown of the Balance of the Rural Credit Portfolio in December/22.

Investor Relations

News

Bah, Banrisul's first intelligent virtual assistant was

implemented in 2022 and is under training, and will allow for an improved customer journey regarding the use of digital channels, which translates into convenience and security. We are working hard to deliver this new way of customer service in a simple and fast way.

Banrisul won awards in two of the 10 categories of the Open Summit Awards 2022, which took place in November 2022 in São Paulo. The recognition is considered the most representative of the Brazilian Open Finance ecosystem. The cases and personalities of the year are nominated by community vote and the choice of the winning cases is made by technicians specialized in the subject. The Bank was 2nd in the Radar Open Finance category and 3rd in Company of the Year. The first prize goes to the financial institutions that have the best average score, in the last six months, in terms of API's performance. The Company of the Year award, on the other hand, is intended for institutions that most encouraged and publicized Open Finance, encouraging the participation of their professionals in events, work groups and communities, collaborating with the advancement of the theme

In an unprecedented way, Banrisul opened its first Share

Buyback Program with the objective of maximizing the generation of value for shareholders through efficient management of the shareholding structure of Capital. The acquisition of up to 10,126,677 preferred shares is authorized, equivalent to 5% of the preferred shares issued by the Company, without reducing the value of the share capital, for maintenance in treasury, cancellation or replacement in the market. Acquisitions, if carried out, will take place on the stock exchange, from December 15, 2022 to June 15, 2024, at market value.

Within the strategy of repositioning and modernization, Banrisul carried out competitions for Information Technology (IT) professionals, as well as for the position of Clerk in order to renew the workforce with the replacement of professionals who voluntarily left the company in 2022. These new employees will join a new plan for positions, salaries and functions, more modern and structured for proper alignment between remuneration amounts and the relationship between functions. There will be up to 1,335 vacancies for Banrisul's general staff and 274 in the IT areas.

BanriDay 2022- Nossa Conexão Transforma

Banrisul is committed to build an increasingly trendiest, efficient and sustainable bank which firmly promotes the economic and social development of people and communities. Our rebranding is a two-way road that goes beyond changing our logotype and visual identity: while Banrisul transforms the reality with new products and services for society, customers transform the Bank with new demands, projects and expectations.

Investor Day do Banrisul took place on December 12

To check out the replay of the event, visit Banrisul's YouTube channel.

Investor Relations