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ITAÚ UNIBANCO - Projections

ITUB

MATERIAL FACT

SÃO PAULO, Aug. 7, 2023 /PRNewswire/ -- Itaú Unibanco Holding S.A. ("Company" or "Itaú Unibanco"), in compliance with Article 157, Paragraph 4 of Law 6,404/76 and Resolution no. 44/21 of the Brazilian Securities and Exchange Commission, informs its stockholders and the market in general that as of this date it has released its revised projections for the year 2023 in accordance with the provision in item 03 ("Projections") of the Reference Form.



Consolidated





previous

reviewed



total credit portfolio¹

growth between

6.0% and 9.0%

maintained



financial margin with clients

growth between

13.5% and 16.5%

maintained



financial margin with the market

between

R$2.0 bn and R$4.0 bn

maintained



cost of credit²

between

R$36.5 bn and R$40.5 bn

maintained



commissions and fees and results

from insurance operations³

growth between

7.5% and 10.5%

growth between

5.0% and 7.0%



non interest expenses

growth between

5.0% and 9.0%

maintained

consolidated efficiency ratio below

40% and below 38% in Brazil

effective tax rate

between

28.5% and 31.5%

between

27.0% and 29.0%



(1) Includes financial guarantees provided and corporate securities; (2) Composed of results from loan losses, impairment and discounts granted; (3) Commissions and fees (+) income from insurance, pension plan and premium bonds operations (-) expenses for claims (-) insurance, pension plan and premium bonds selling expenses.

It's important to mention that, as of the third quarter of 2023, the Company considers in the management purposes a cost of capital of around 14.25% p.y.

Information on outlooks for the business, projections and operational and financial goals are solely forecasts, based on management's current outlook in relation to the future of Itaú Unibanco. These expectations are highly dependent on market conditions, general economic performance of the country, of the sector and the international markets. Therefore, our effective results and performance may differ from those forecasted in this prospective information.

São Paulo, August 07th, 2023

Renato Lulia Jacob

Group Head of Investor Relations and Market Intelligence

Contact:

Itaú Unibanco – Comunicação Corporativa 

Telefone: (11) 5019-8880 / 8881

E-mail: imprensa@itau-unibanco.com.br

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SOURCE Itaú Unibanco Holding S.A.