Profile


Itaúsa – Investimentos Itaú S.A. is a pure, publicly traded holding company. For more than 40 years, it has been leading a Conglomerate of companies that operate in the financial and industrial segments. Itaúsa defines, centralizes and aligns the vision for the companies' business development and management, the business values that direct their operations and their respective financial strategies. At the same time, it preserves the operational autonomy of each one of the companies, allowing the adoption of specific strategies according to the requirements of each different areas of operation.

The main companies of the Itaúsa Conglomerate represent traditional and respected brands in their respective markets. Duratex S.A., Elekeiroz S.A., Itautec S.A. and Itaú Unibanco Holding S.A. form a group of assets worth R$764 billion and generate over 123,000 direct jobs.

For the seventh time, Itaúsa was selected for inclusion in the Dow Jones Sustainability World Index (DJSI) portfolio. And for the fourth consecutive year, it occupies the top position in the Financial Services sector in the Environmental and Social categories.

The 2010/2011 edition of DJSI included 318 companies from 27 countries in the Americas, Europe, Asia and Africa, seven of which are Brazilian – including two from the Itaúsa Conglomerate – Itaú Unibanco Holding S.A. and its subsidiary Redecard S.A.

The main companies of the Itaúsa Conglomerate are publicly traded and hold ample stake in the national and international markets. They are present in the industry sectors and financial market, and, similarly to Itaúsa, have their administrative head offices located in the State of São Paulo.

In the industrial area, with six decades of operation to be completed in 2011, Duratex combines the production of industrialized wood panels and bathroom accessories and fixtures, leading these segments in both the Brazilian market and the Southern hemisphere. It is present with production units in Brazil's Northeastern, Southern and Southeastern regions, and has commercial offices in the United States and Belgium, in addition to an industrial bathroom fixture operation in Argentina. It sells its products to over 40 countries under traditional brands such as Duratex, Deca, Hydra and Durafloor.

In the petrochemical sector, Elekeiroz is the only company in Latin America to offer the integrated production of Oxo-Alcohols, Maleic and Phthalic Anhydride, Plastifying Agents and 2-Ethylhexanoic Acid. A company with operations dating back 116 years, it has been a pioneer in the production of different chemical raw materials in the country, having earned a name for its research and development of sustainable products. The industrial activity is developed from two strategically located sites: one in Camaçari – BA, in Brazil's largest Petrochemical Center; and another in Várzea Paulista – SP, near the country's largest consumer market of industrial raw materials.

In the technology sector, Itautec, which has existed for over 30 years, increases its platform of installed ATM machine bases every year, and is already the 10th largest in the world and third largest in Latin America, according to the consulting firm Retail Banking Research. It also has the largest company-owned computer technical support network in Brazil. With technological solutions, it serves the corporate and domestic markets and is present with subsidiaries in North America, Latin America and Europe.
2.2 | 2.3 | 2.7 | 2.8

In the financial area, Itaú Unibanco Holding S.A. occupied a distinguished position in the global ranking of banks at 10th place as of December 31, 2010, according to Bloomberg, and with a market value of R$179.6 billion. During the year, Itaú redesigned over 1,200 banking service points, closing the year with a network consisting of nearly 5,000 service units all over the country. Itaú is present in the entire national territory and also abroad, operating in the Americas, Europe and Asia, in a total of 19 countries. Pioneer in the segmentation of the banking services market, Itaú has adapted its branches to increasingly improve its customer services.


 Itaúsa BRGAP            IFRS
2009 2010 2009 2010
Financial-Economic  (R$ million, unless otherwise indicated)        
Total Assets 615,961 764,211 213,504 275,635
Operating Revenues 117,369 123,695 45,856 47,942
Net Profit of Holding Company 3,930 4,953 4,362 4,417
Net Equity Attributable to Controlling Shareholders 19,786 23,743 23,189 26,302
Return on Average Net Equity 21.5% 23.0% 20.6% 18.0%
Internal Resource Generation 36,013 35,943 16,436 15,374


Profit Distribution per Sector of Operations (R$ million)      
Equity Method Result      
Financial Area  3,776  4,823  4,215  4,316
Industrial Area  165  173  118  127
Duratex
 99  157  80  140
Elekeiroz
 28  43  -    35
Itautec
 38  (27)  38  (48)
Others  3  3  36  22
Total from Equity Method Result  3,944  4,999  4,369  4,465
Specific Result for Itaúsa and Taxes  (14)  (46)  (7)  (48)
Net Profit of Holding Company  3,930  4,953  4,362  4,417


Total Consolidated Assets

(R$ millions)
CAGR (06-10) 37.4%
 

Net Equity of Holding Company

(R$ millions)
CAGR (06-10) 16.6%
             
 

BRGAAP

IFRS

   

BRGAAP

IFRS

     
 
     
     
     

Net Profit of Holding Company

(R$ millions)
 

Return on Average Net Equity

(In %)
     
 

BRGAAP

IFRS

   

BRGAAP

IFRS

     
 
     
     
     

Statement of Added Value – SAV (*)

2009 = R$ 14.55 millions
  2010 = R$ 14.49 millions
     
 
     
(*) The Statement of Added Value (SAV) is the accounting report that demonstrates, in a summarized fashion, the values corresponding to the generation of wealth by the company during a specific period, and its respective distribution.


Social-Environmental Indicators


 

Water Consumption

(m3)
   

Energy Consumption

(GJ)
   

Total Emissions

               
   


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