BTG Pactual reports record revenue and adjusted net profit for the second consecutive quarter

BTG Pactual reports record revenue and

adjusted net profit for the second consecutive quarter,

totaling R$3.8bn and R$1.8bn, respectively.

Bank posted strong growth in all business lines, maintaining robust capital and liquidity metrics.

• Net New Money (NNM) of R$88bn in 3Q21
• Third-partyassets of R$942bn, up 71% y/y:
• • AuM/AuA  AuA grew 65% y/y to R$542bn
  • WuM  grew 81% y/y to R$400bn
    R$98bn in Corporate Lending and SME portfolio, up 43% y/y  
• Revenues up 55% y/y to R$3.845bn
• Net income up 77% y/y to R$1.794bn
• Robust capital and liquidity metrics:
• • BIS ratio of 16.1% 
  • LCR of 214%
• ROAE of 20.1%

São Paulo, November 9, 2021 - BTG Pactual (BPAC11) reported, for the second consecutive quarter, record revenue and net profit of R$3.8bn and R$1.8bn, respectively. The Bank also posted its second highest Net New Money (NNM) in history, to the tune of R$88bn, only trailing

Q2´s R$98bn, which included R$12bn from the acquisition of Necton (inorganic NNM reported last quarter). As a result, the amount of third-party assets hit R$942bn.

"We reported record results for another quarter, also marked by strong NNM, robust capital and

liquidity metrics and loan portfolio growth with top-quality disbursements. I would like to really thank our clients and partners for recognizing the quality of our business, via the seven awards bestowed upon us during the quarter", stated Roberto Sallouti, CEO of BTG Pactual.

Investment Banking again reported record revenue, with growth of 81% y/y, from R$402mn to R$727mn. The result puts BTG Pactual at the top of all industry rankings: M&A, ECM and, for the first time ever, as leader in the local DCM market, concluding 40 operations in the quarter.

The Corporate Lending and SME portfolio totaled R$97.6bn, up 13% q/q and 43% y/y. With a high-quality portfolio with low default levels, revenues rose 51% y/y to R$642mn.

btgpactual.com

BTG Pactual also posted a strong revenue contribution from Sales & Trading, to the tune of R$1.3bn. This result includes gains from the sale of CredPago, an operation concluded and

approved by regulators in September. The remaining gain from the operation will impact results in 2022 and 2023.

Asset Management posted record NNM for the fourth consecutive quarter, of R$50bn in 3Q21

(R$162.8bn LTM), and revenues were again strong, totaling R$291mn in the quarter, up 14% y/y.

Wealth Management & Consumer Banking also reported record revenue of R$409.6mn, up 9%

q/q and 75% y/y. WuM totaled R$400bn, up 81% y/y. NMM closed the quarter at R$36bn, also up 81% y/y.

During the quarter, BTG Pactual expanded the range of products and services offered by BTG+,

its digital retail bank. It recently launched modular Mastercard Black credit card plans, whereby clients have the option to choose flexible benefit packages. It also launched the payments option via Garmin Pay.

ROAE was 20.1% in 3Q21, with a BIS ratio of 16.1%.

Awards and recognitions in 3Q21

"Bank of the Year in Brazil and in Latin America", Latin Finance

"Wealth Management of the Year", Latin Finance "Best Bank for SMEs in Brazil", Global Finance.

"Best Bank for Clients in Brazil", The Global Economics

"Best Client Service", ABT (Brazilian Teleservices Association)

"Impactful Initiatives of the Year in Latin America and Caribbean", Environmental Finance "Best Green Financing Initiatives in Emerging Markets", Global Finance

btgpactual.com