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2Q11 EARNINGS

August 10th, 2011

Forward-looking Statements

This presentation may contain certain statements that express the managements expectations, beliefs and assumptions about future events or results, Such statements are not historical facts, being based on currently available competitive, financial and economic data, and on current projections about the industries BM&FBovespa works in, The verbs anticipate, believe, estimate, expect, forecast, plan, predict, project, target and the like are intended to identify these forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from those projected in this presentation and do not guarantee any future BM&FBovespa performance, The factors that might affect performance include, but are not limited to: (i) market acceptance of BM&FBOVESPA services; (ii) volatility related to (a) the Brazilian economy and securities markets and (b) the highly-competitive industries BM&FBovespa operates in; (iii) changes in (a) domestic and foreign legislation and taxation and (b) government policies related to the financial and securities markets; (iv) increasing competition from new entrants to the Brazilian markets; (v) ability to keep up with rapid changes in technological environment, including the implementation of enhanced functionality demanded by BM&FBovespa customers; (vi) ability to maintain an ongoing process for introducing competitive new products and services, while maintaining the competitiveness of existing ones; (vii) ability to attract new customers in domestic and foreign jurisdictions; (viii) ability to expand the offer of BM&FBovespa products in foreign jurisdictions, All forward-looking statements in this presentation are based on information and data available on the date they were made, and BM&FBovespa undertakes no obligation to update them in light of new information or future development, This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities where such offer or sale would be unlawful prior to registration or qualification under the securities law, No offering shall be made except by means of a prospectus meeting the requirements of the Brazilian Securities and Commission (CVM) Instruction 400 of 2003, as amended,

2Q11 Highlights
Strengthening our strategic position amid challenging market conditions

Net Revenue: BRL468M (2Q10: BRL476M)

OPERATIONAL AND FINANCIAL HIGHLIGHTS

BM&F ADTV of 2.7M contracts in 2Q11, 5.8% higher than 2Q10 HFTs volume increased 11% in BOVESPA Segment in comparison with 1Q11 (7.4% of overall value traded in 2Q11 and 8.6% in Jul11) 21 public offerings YTD, 11 IPOs and 10 follow-ons New buyback program allows the repurchase up to 30M shares until Dec11 Dividends: BRL235.3 million in 2Q11, 80% of GAAP Net income in 2Q11

Adjust.

OPEX.1:

BRL144M (2Q10: BRL124M)

Adjust. Net

Income.2:

BRL409M (2Q10: BRL424M)

Adjust. EBITDA.3: BRL323M (2Q10: BRL351M)

STRATEGIC PROJECTS
New fee structure eliminates the cross subsidies, strengthens competitive position and aligns with international peers Derivatives module of new multi-asset platform to be online in 3Q11 Launch of the CloseOut Risk Evaluation (CORE), the linchpin on which the new BVMFs clearing and settlement risk management systems will be based Market maker for options on single stocks

Adjust. EBITDA Margin.: 69.1% (2Q10: 73.7%)

Adjust. EPS: BRL0.209 (2Q10: BRL0.211)

1 2

excludes stock options plan, depreciation, allowance for doubtful accounts, and tax on dividends from CME Group. excludes deferred liability recognized in correlation with temporary differences from amortization of goodwill for tax purposes, the impact of the stock options plan and the investment in associate (CME Group) accounted for under the equity method of accounting, net of taxes. 3 excludes stock option plans costs . 3

Revenues 2Q11 vs. 2Q10


BM&F segment continues to grow amid difficult market conditions; Securities Lending Revenue up 39.3% year-over-year
BRL Thousands 2Q11 2Q10 Change % 2Q11 x 2Q10

Gross operating revenues BOVESPA Trd. / Sttmnt. BM&F Trd. / Sttmnt. Other operating revenues

521,324 240,574 191,148 89,602 Depository and custody 22,937 Vendors 16,301 Securities Lending 17,202 Trading access (Brokers) 12,078 Listing 11,617 Bank 5,096 Other 3,028 Brazilian Commodities Exchange 1,343
2Q11

528,996 259,309 184,139 85,548 22,270 16,819 12,345 13,431 10,754 3,931 4,942 1,056
2Q10

-1.5% -7.2% 3.8% 4.7% 3.0% -3.1% 39.3% -10.1% 8.0% 29.6% -38.7% 27.2%

17% 46% 37%

Bovespa Trd. / Sttmnt BM&F Trd. / Sttmnt Other operating revenues

Operating performance BOVESPA ADTV - in BRL millions Margin - in bps ADTV - in thds of contracts RPC - in BRL

Change % 2Q11 x 2Q10 6,207.1 6,682.6 -7.1% 5.862 6.131 -0.269 bp 2,670.2 2,523.4 1.127 1.145 5.8% -1.5%
4

BM&F

BOVESPA Segment Performance


Decline in volumes as retail investors wait out difficult market conditions
2Q11 ADTV : BRL6.2 bi vs. BRL6.7 bi (2Q10)
Mainly impacted by slowdown in ADTV by retail investors
BRL billion
2Q11
1Q11
2.1
2.3

Retail Investors Activity


2,5

Retail investors turnover velocity* falling


2.1 1.7
1.5 1.5 1.5

130%
110%

2.1
2.3

1.3
1.5

0.6

0.1 BRL 6.2 bi


0.6 0.1

2,0

BRL 6.7 bi BRL 6.8 bi

1,5 1,0
0,5

1.3

90% 70%
50%

4Q10
3Q10

2.2
2.1 1.7

2.3
1.5

1.5
0.4 0.1

0.6

0.2

BRL 5.9 bi
0.6
0.6

0,0

30%

2Q10
1Q10

2.3
2.0 1.8

1.9
2.1

1.7

0.2
0.2

BRL 6.7 bi
BRL 6.6 bi

1Q10

2Q10
ADTV in BRL bi

3Q10

4Q10

1Q11

2Q11

Turnover Velocity

Institutional Investors

Foreign Investors

Retail

Financial Insitutions

Companies and Others

*Relation of trading value and value under custody of Retail Investors

Trading Margin (in basis points)


Market Cash Derivatives Forward Options on single stocks Total BOVESPA 2Q11 vs. 1Q11
0.106bp decrease in the cash market is explained by 11% growth in the HFT participation in ADTV; and lower equity derivatives participation impacted the overall margin

2Q10 5.398 14.701 12.998 15.308 6.131

1Q11 5.501 13.249 12.999 13.393 6.017

2Q11 5.395 13.627 12.998 13.963 5.862

Assets under custody of retail investors remain steady as these investors wait out difficult market conditions, reduction in turnover velocity in the near-term

Retail investors assets under custody stable


700 600 500 400 300
200 100 0

631 558 556

611

597

603

150
125

100
75 50

25
-

2Q11 vs. 2Q10


Lower participation of traded volumes in options on single stocks (which generate higher margins than the average) and volume growth in HFT

1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

Number of Accounts in thousands

Asset under Custody - BRL bi

BM&F Segment
Derivatives volumes trading at high levels
Average Daily Traded Volume (ADTV)

ADTV in 2Q11 of 2.7 million contracts, up from 2.5 million in 2Q10, due mainly to interest rates in BRL and USD contracts
Average Revenue per Contract (RPC)

RPC fell to BRL1.13 from BRL1.14 year-over-year and rose over 1Q11 when it was BRL1.04. 2Q11 vs. 2Q10: change in the mix of contracts traded: i) growth in the participation of interest rate contracts in USD
(lower margins than the average); ii) lower participation of FX contracts (higher margins than the average)
BRL

1,30

All time high


R$1.13

Thousands of contracts

5.000

1,20
1,10 1,00 0,90 0,80 0,70 0,60 0,50 0,40

R$1.14

R$1.17 R$ 1.10
2,616

R$1.13
R$1.04
2,866 2,670

4.500 4.000 3.500 3.000 2.500 2.000 1.500 1.000 500 -

2,454

2,523

2,428

85 95 590 78 1,606

99 100 603 85 1,636

84 106 481 96 1,661

89 104 491 100

88 102 422 128

101 119 543 187 1,720

1,833

2,127

1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

Lower volatility in 2Q11

Interest Rates in BRL

Interest Rates in USD

FX Rates

Others

Stock Indices

RPC

Consistent Growth in Securities Lending


Benefits from a diversified business model

(in BRL thousands)

Depository and custody

3.0%

2Q11

22,937

8.8% increase in average number of custody accounts, to 631 thousand from 580 thousand in 2Q10; accounts up slightly from 1Q11 13.6% increase in the portfolios under custody (excluding foreign investors and ADR positions)

2Q10

22,270

Securities lending

2Q11

17,202

39.3%

Higher level of securities lending activity over 2Q10 and 1Q11

2Q10

12,345

42.0 % increase in the average value of the open positions over 2Q10

2Q11

-3.1%

Vendors

16,301

New Pricing Policy implemented in Aug10, reduced market data fees for Home Brokers, to attract more retail investors as market improves
BRL appreciation of 11% affected USD-denominated market data fees (about 30% of vendors revenues)

2Q10

16,819

Operating Expenses lower than Previous Quarter


Slight increase in adjusted OpEx; in line with strategic initiatives
Expenses breakdown 2Q11
14% 6% 7%
6% 14%
Personnel Dep. and Amort. Marketing Data processing Third party serv. Other

Planned growth in headcount contributed to operating expenses of BRL166.8 million in 2Q11 OpEx down 11.6% from 1Q11 as expenses associated with first vesting of new stock options were concentrated in the 1Q11

53%

Adjusted OpEx up 15.5% over 2Q10, in line with companys growth strategy and guidance range (from BRL615M to BRL635M)
Adjusted OpEx slightly up (2.2%) from 1Q11 from personnel expenses - higher severance and overtime expenses

(in BRL millions)

167.6 133.8 9.0 9.3 115.5 124.4 143.5 7.0 11.5 145.8 5.5 15.1

188.7 9.4 18.9 159.0

188.7 24.5 22.3 140.6

166.8 10.1 10.1 143.7

1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

Adjusted Operating Expenses

Depreciation

Stock option

Others
8

Depreciation & Personnel Expenses Fall over 1Q11


Rise in severance costs and overtime (strategic projects development) drive adjusted personnel expenses
Personnel Expenses
(in BRL millions)
Adj. Personnel Stock Options
63.7 9.0 64.4 7.0 71.7 5.5 90.3 9.4 97.4 88.2

22.9% increase in average headcount (in IT and business development in line with growth strategy) over 2Q10 Down 9.5% over 1Q11 due to first quarter effect of new stock option expenses Adjust. Personnel up 7% on adjusted basis over 1Q11 due to non-recurring severance expenses and overtime expenses associated with development and implementation of planned strategic projects

24.5

10.1

54.7

57.4

66.2

80.9

72.9

78.0

1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

Depreciation Expenses
22.3

Depreciation expenses dropped 12.3% over 2Q10 and 54.7% over 1Q11 Starting in 2Q11 the Company began to capitalize depreciation and amortization of certain equipment and software allocated to IT projects (related to equipment and software that have been used) The 2Q11 figure includes a R$6.8 million credit to depreciation and amortization related to the reversal of expenses that had been recognized as depreciation and amortization in 1Q11

(in BRL millions)

6.8 6.8 18.9 15.1 15.5 10.1

9.3

11.5

1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

Financial Highlights
Strong cash generation; continue to return cash to shareholders through buybacks and distributions
Cash and cash equivalents (BRL millions)

Financial income

238

BRL70.8 million in 2Q11: 6.3% lower than 2Q10 Financial revenues: BRL87.9 million, 13.2% higher than
2Q10 due to the increase of the average interest rate

2Q11

1.116 463

1.538

3,355

Financial expenses: BRL17.1 million, compared to BRL2.1


million in 2Q10, mainly due to the Jul10 bond issuance

Investments (Capex)

BRL43.7 million in 2Q11, achieving BRL73.0 million in 1H11,


269
within guided range (BRL235M to BRL255M).

Buyback program
4Q10

959 496

1.712

3,435

Buyback program approved on Aug10 concluded: 60 million of


shares were bought

New buyback program allows the repurchase of up to 30 million


shares until Dec11 (6.5M bought in Jul11)
Market participants cash collateral and others*

Earnings distribution (payout)

Restricted f unds Subsidiaries** Available f unds

Approval of BRL235.3 million as dividends, 80% Payout ratio in


2Q11

*Includes market participants cash collateral, earnings and rights on securities under custody and dividends and interest on capital pending payment ** Includes third-party deposits (BRL142 million in 4Q10 and BRL101million in 2Q11) and restricted funds (BRL11 million in 4Q10 and in 2Q11) from BM&F Settlement Bank,

10

Strategic Projects Milestones Reached


Working toward strengthening long-term revenues and market position

Better reflects the company cost structure, eliminating cross subsidies; strengthens competitive position

New Fee Structure

Aligns pricing practices with major international peers

Revenue and margin neutral for the Company


Effective in 2H11: Bovespa segment on Aug 26 and BM&F segment on Oct 31

Integration of Clearings Facilities

Combination of four clearing houses builds synergies, reduces transaction costs and increases efficiency CORE will be the linchpin for clearing and settlement risk management systems Development over 2012; certification and migration in 2013

State-of-the-Art New Multi-Asset Platform

Derivatives module to be concluded in 3Q11 Increases capacity, reduces latency and adds functionalities Builds efficiency and synergies for markets participants Increases HFT participation

11

BM&FBOVESPA New Fee Structure


Eliminating distortions and strengthening competitive position

Strengthens competitive position Eliminates cross subsidies across trading and post-trading business lines Rebalancing the fees has neutral effect on investor costs and Company
revenues/margins
New fee structure for Bovespa Segment
basis point

New fee structure for BM&F Segment

Current fee structure Lower Higher 2.85 0.60 3.45


(83%)

New fee structure Lower 0.70 1.80 2.50


(28%)

Higher 0.70 2.75 3.45


(20%)

Rebalancing

the trading and post-trading

Trading Post trading

1.90 0.60 2.50

(76%)

(settlement and registration fees)


(17%) (72%) (80%)

(24%)

60% post-trading and 40% trading All


in cost keeps in line with international

Total

(100%)

(100%)

(100%)

(100%)

Note: the lower fee is paid by local institutional and investment clubs and day trades transaction, in this case for all investors.

benchmark

12

Clearings Integration
Strengthens market position and reduces costs

The integration of risk management, collateral and clearings systems streamlines operations and builds efficiencies CORE architecture will benefit participants that concentrate their transactions within BVMF, strengthening our competitive position

OPERATIONAL EFFICIENCY
FINANCIAL DERIVATIVES AND COMMODITIES INTEGRATED SYSTEMS

EQUITIES, DERIVATIVES ON SINGLE STOCKS SEC. LENDING

CLEARING EFFICIENCY
NETTING POSITIONS FIXED INCOME

SPOT FX

RISK MANAGEMENT EFFICIENCY


CAPITAL ALLOCATION REDUCTION

13

IT Strategic Evolution
Building the State-of-the-Art IT infrastructure

Trading System (muti-assets)

New multi-asset trading platform: Derivatives module (3Q11) Processing capacity of 200 million messages/day (record of 6 million messages/day in BM&F segment) Latency: approximately 1 millisecond (moving down to microseconds in 2012) Other modules: equities (1H12) and fixed income (2012) TradingTechnology (TT) will offer trading screens to their clients

New Clearing House (integration)

IT infrastructure development to support the new clearing house To support clearing and depository activities of the all four clearing houses Development to be concluded in 2012; certification and migration to be finished in 2013

14

Delivering on Strategic Priorities

Consistently grow revenues and net income

Capture macro growth opportunities Despite the challenging short-term macro conditions, the Brazilian capital and derivatives markets offer good opportunities from which BVMF can benefit in the long term

Strengthen competitive position

Investments to build world-class IT platform Capital efficiency from the clearing integration First module of multi-asset platform online in 3Q11 Rebalance the fee structure

Invest in growth products and partnerships

Establish diversified product mix to drive long-term revenue Partnership with CME delivers innovation New Products (market makers, cross listing and HFT) are gaining traction

Deliver consistently improving financials

Focus on OpEx Control; adjusted OpEx within budget Strategically return cash to maximize shareholder value High payout ratio ongoing, coupled with new buyback program
15

APPENDIX

16

Income Statement Summary


BRL thousands Operating Revenues 2Q11 521,324 2Q10 528,996 Change 2Q11 / 2Q10 -1.5% 1Q11 525,477 Change 2Q11/1Q11 -0.8%

Net Operating Revenues


Operating Expenses Operating Income Equity accounting Financial Income

467,639
(166,762) 300,877 22,091 70,815

475,631
(143,474) 332,157 75,536

-1.7%
16.2% -9.4% -6.3%

472,157
(188,714) 283,443 37,541 63,193

-1.0%
-11.6% 6.2% -41.2% 12.1%

Income before Taxes


Net Income* EBITDA EBITDA Margin Adjusted Net Income Adjusted earnings per share (in BRL) Adjusted EBITDA Adjusted EBITDA Margin Adjusted Operating Expenses

393,783
294,171 313,216 67.0% 409,150 0.20895 323,342 69.1% (143,725)

407,693
305,646 343,681 72.3% 424,304 0.21131 350,692 73.7% (124,418)

-3.4%
-3.8% -8.9% -528 bps -3.6% -1.1% -7.8% -459 bps 15.5%

384,177
270,756 308,060 65.2% 384,216 0.19565 332,604 70.4% (140,628)

2.5%
8.6% 1.7% 173 bps 6.5% 6.8% -2.8% -130 bps 2.2%

* Net Income attributable to BM&FBOVESPAs Shareholders

17

Reconciliation of GAAP to Adjusted Net Income


2Q11 GAAP and adjusted net income reconciliation (BRL millions)

294.2

124.7 10.1

(19.9)

409.2

Gaap net income

Stock options

Deferred liability

Equity Accounting

Adjusted net income

In BRL thousands
Gaap net income* (+) Stock options program (+) Deferred tax liabilities (-) Equity accounting** Adjusted net income
*Attributable to BM&FBOVESPA shareholders

2Q11
294,171 10,127

2Q10
305,646 7,011

Change 2Q11 / 2Q10


-3.8%

1Q11
270,756 24,544

Change 2Q11/1Q11
8.6%

124,706
19,853 409,150

111,647
424,304 -3.6%

124,134
35,218 384,216 6.5%

**Net share of profit from investment in associate (equity method investment)

18

Reconciliation of Adjusted Operating Expenses

BRL thousands Total Expenses (-) Depreciation (-) Stock options plan (-) Tax related to equity accounting (-) Provision for doubtful account Adjusted Expenses

2Q11
166,762 10,101 10,127 2,238 572 143,725

2Q10
143,474 11,524 7,011 521 124,418

Change 2Q11 / 2Q10


16.2% -12.3% 44.4% 9.8% 15.5%

1Q11
188,714 22,294 24,544 2,323 (1,075) 140,628

Change 2Q11/1Q11
-11.6% -54.7% -58.7% -3.7% -153.2% 2.2%

19

Balance Sheet
(In BRL thousands)
ASSETS

06/30/2011 2,209,697 25,097 1,980,414 204,186 20,354,276 1,540,061 1,349,746 190,315 2,189,976 358,650

12/31/2010

LIABILITIES AND SH. EQUITY

06/30/2011 1,537,560 1,069,276 468,284 2,007,194 945,726 997,192 64,276

12/31/2010 1,416,204 954,605 461,599 1,798,723 1,010,059 732,074 56,590

Current assets Cash and cash equivalents Financial investments Others Non-current assets Long-term receivables Financial investments Others Investments

2,547,589 Current liabilities 104,017 Collateral for transactions 2,264,408 Others 179,164 Non-current liabilities 20,086,386 Financing

Deferred Inc. Tax and Social 1,216,812 Contrib.


1,066,920 Others 149,892 2,286,537 Shareholders' equity 367,134 Capital

19,019,219 19,419,048 2,540,239 2,540,239

Property and equipment

Capital reserve Intangible assets


16,265,589 16,215,903 Others

16,675,682 16,662,480 (213,541) 16,839 200,046 16,283


20

TOTAL ASSETS

22,563,973 22,633,975

Minority interest in subsidiaries TOTAL LIAB. AND SHAREHOLDERS' EQUITY

22,563,973 22,633,975

BOVESPA Segment: Operational Performance


ADTV (BRL millions)
Market Stocks and Equity Derivatives Cash market Equities Derivatives
Forward market Options market (stocks / indexes)

2Q11 6,205.8 5,857.3 348.5


121.3 227.2

2Q10 6,679.6 6,166.3 513.3


134.9 378.4

1Q11

2Q11/2Q10 2Q11/1Q11 (%) (%) 6,734.9 -7.1% -7.9% 6,290.7 -5.0% -6.9% 444.2 -32.1% -21.5%
161.6 282.6 -10.1% -40.0% -24.9% -19.6%

Fixed income and other Total

1.3 6,207.1

3.0 6,682.6

0.5 6,735.4

-58.4% -7.1%

144.3% -7.8%

Average daily number of trades


Market Stocks and Equity Derivatives Cash market Equities Derivatives
Forward market Options market (stocks / indexes)

2Q11 503,616 422,148 81,467


1,277 80,190

2Q10 431,120 348,130 82,990


1,485 81,505

1Q11

2Q11/2Q10 2Q11/1Q11 (%) (%) 500,391 16.8% 0.6% 409,150 21.3% 3.2% 91,241 -1.8% -10.7%
1,433 89,809 -14.0% -1.6% -10.8% -10.7%

Fixed income and other Total

13 503,629

13 431,133

13 500,404

5.5% 16.8%

2.7% 0.6%

Trading margins (basis points)


Market Stocks and Equity Derivatives Cash Market Equities Derivatives
Forward Market Options Market

2Q11 5.857 5.395 13.627


12.998 13.963

2Q10 6.113 5.398 14.701


12.998 15.308

1Q11 6.012 5.501 13.249


12.999 13.393

Total BOVESPA

5.862

6.131

6.017

21

BM&F Segment: Operational Performance


ADTV (thousands of contracts)
2Q11 Interest Rates in BRL FX Rates Stock Indices Interest Rates in USD Commodities Mini Contracts OTC Total 1,719.8 543.4 101.4 186.8 15.2 91.2 12.3 2,670.2 2Q10 1,635,7 603.5 99.3 84.5 10.1 79.5 10.8 2,523.4 1Q11 2,127.0 422.0 87.7 127.5 10.3 76.7 14.5 2,865.8 2Q11/2Q10 2Q11/1Q11 (%) (%) 5.1% -10.0% 2.1% 121.1% 50.4% 14.7% 14.8% 5.8% -19.1% 28.8% 15.6% 46.5% 47.7% 18.9% -14.6% -6.8%

RPC (BRL)
2Q11 Interest Rates in BRL FX Rates Stock Indices Interest Rates in USD Commodities Mini Contracts OTC Total 0.930 1.847 1.753 0.893 1.948 0.137 1.682 1.127 2Q10 0.905 1.838 1.515 1.163 2.106 0.129 1.772 1.145 1Q11 0.843 2.016 1.639 1.102 2.016 0.142 1.393 1.040 2Q11/2Q10 2Q11/1Q11 (%) (%) 2.7% 0.5% 15.7% -23.2% -7.5% 5.6% -5.1% -1.5% 10.3% -8.4% 7.0% -19.0% -3.4% -3.5% 20.7% 8.4%

22

High Frequency Traders(HFT)


HFTs play an important role on BM&F and Bovespa segment
HFT BM&F Segment (ADTV in thousands of contracts)**
6.0% 301
93

4.8% 4.9% 207


90 43

251
42 93 38

3.6% 208
17 82

4.7% 251
10
95

50

45
101 2Q11

155

43 66
1Q11

74
2Q10 3Q10

77
4Q10

FX

Index

Mini-sized contracts

Interest Rates in BRL

% in Overall Volume

HFT Bovespa Segment**


1.000,0
900,0

6.1%

7.4% 898.6

120,0%
100,0%

800,0
700,0

814.5
4.3%

600,0
500,0

318.6
532.9

447.3

80,0%
60,0%

400,0
300,0

160.0
181.5

205.0 290.8
1Q11

184.1 267.2
2Q11

40,0%
20,0%

200,0
100,0

191.4
Nov-Dec/10
retail - day trading (BRL millions) fgn inv - day trading (BRL millions)

0,0%

local institutions - day trading (BRL millions) % of overall market

**Considers both sell and buy sides of the transaction.

23

BM&FBOVESPA IR Website: www.bmfbovespa.com.br/ir Phone: 55 11 2565 4007/4728/4729/4418/4834 E-mail: ri@bmfbovespa.com.br

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