BRBI BR Partners (BRBI11) Corporate presentation summary

Business overview and strategy

• Largest independent financial advisory in Brazil, listed on B3 and Nasdaq, offering investment banking, capital markets, treasury, and wealth management services.

• Expanded advisory portfolio to include M&A, capital markets, structured products, and wealth management, adapting to client needs over time.

• Focus on non-cyclical business lines to drive recurring revenue and reduce dependence on investment banking cycles.

• Emphasizes partnership culture with high insider ownership, talent retention, and internal promotions.

• Compensation structure prioritizes dividends and caps on cash bonuses, aligning interests with long-term performance.

Financial performance

• Total revenue grew at a 16% CAGR from 2020 to 2025, reaching BRL 581.2 million.

• Net income CAGR of 14% over the same period, with a compensation ratio consistently below the 30% cap.

• ROAE remained above 20% since IPO, outperforming the average SELIC rate.

• Non-cyclical business revenue grew 319% from 2020 to 2025, supporting overall revenue stability.

• Dividend payout has been robust, with R$1.13 billion distributed since inception and an average payout ratio of 89%.

Business segments and market position

• Investment banking revenue grew at a 15% CAGR, with a strong presence in M&A, restructuring, and privatizations.

• Only independent advisor in Brazil offering comprehensive capital solutions for restructuring, with 25% of IB deals in this segment.

• Capital markets business issued over 200 debt securities since 2020, leading in CRI (MBS) distribution.

• Treasury sales & structuring revenue grew at a 41% CAGR, focusing on client-driven ALM and derivatives.

• Wealth management business launched in 2023, with rapid growth in assets under advisory and cross-selling opportunities.