Grupo De Inversiones Suramericana S.a. · BVC:GRUPOSURA
Grupo De Inversiones Suramericana — Q2 2016 Earnings Presentation
39 slides from Grupo De Inversiones Suramericana's earnings presentation, 2016
Slide 1: Corporate Presentation 2Q 2016
Corporate Presentation 2Q 2016 1
Slide 2: Disclaimer
DISCLAIMER the forward-looking statements contained herein are based on Management’s current forecasts and outlook. For better illustration and decision-making, figures for Suramericana, SURA Asset Management and its subsidiaries are administrative rather than accountant, and therefore may differ fr
Slide 3: Agenda
AGENDA GRUPO SURA STRATEGY GRUPO SURA CONSOLIDATED RESULTS SURA ASEGURAMIENTO, TENDENCIAS Y RIESGOS SURAMERICANA S.A INSURANCE AND SOCIAL SECURITY SURA ASSET MANAGEMENT PENSIONS, SAVINGS AND ASSET MANAGEMET BANCOLOMBIA, GRUPO ARGOS AND GRUPO NUTRESA 3
Slide 4: Grupo SURA Main Figures
GRUPO SURA MAIN FIGURES INTERNATIONAL AS OF JUNE 2016 INVESTMENT GRADE COMERCIAL VALUE OF THE INVESTMENT PORTFOLIO 1 ~ 44 Fitch BBB S&P BBB MILLION CLIENTS Local Rating: CONSOLIDATED Fitch AAA REVENUES USD 9.1 BILLION USD 2.9 BILLION + 30.8 % vs .2Q 2015 USD ~178 BILLION Colombian company with the l
Slide 5: Grupo SURA Strategy
GRUPO SURA STRATEGY Lima 5
Slide 6: Focus on Strategic Sectors
FOCUS ON STRATEGIC SECTORS FINANCIAL INVESTMENTS INDUSTRIAL INVESTMENTS 81.1% 78.7% 46.4% 35.2% 35.7% PROCESSED CEMENT, ENERGY FOOD INFRASTRUCTURE INSURANCE AND PENSIONS, UNIVERSAL BANKING SOCIAL SECURITY AND REAL ESTATE SAVINGS AND INVESTMENT OTHER INVESTMENTS *Stake in common shares As of June 201
Slide 7: Strategy
STRATEGY COMPREHENSIVE RANGE OF SERVICES GEOGRAPHIC EXPANSION AND MARKET AND SYNERGIES DEVELOPMENT • Organic and inorganic growth based on our regional • New customer-focused goals presence in both the current and target markets. Development of our • Strengthening our group dynamics and • Extending
Slide 8: Investment Portfolio
INVESTMENT PORTFOLIO Grupo Argos Otros Bancolombia 16.0% 0.5% 22.3% 9.1 USD Grupo Nutresa 15.3% BILLION* JUNE 2016 Sura Asset Suramericana Management 21.2% 24.8% Including the commercial value pursuant to accountant standards and the stakes held in GRUPO SURA and Affiliates. 8 Considering Suramerica
Slide 9: Dividends
DIVIDENDS Grupo Argos 6.5% Other 7.7% Uruguay Grupo Nutresa 0.8% 8.0% Peru 11.4% 331 USD USD Bancolombia 21.5% 331 MILLION Mexico 13.9% MILLION BY COMPANY BY COUNTRY Colombia SURA Asset 40.4% Management Chile 25.8% Suramericana 53.9% 10.1% 400 331.2 350 DIVIDEND EVOLUTION 270.6 300 250 200.1 182.7 2
Slide 10: Cash Flow Generation
CASH FLOW GENERATION Grupo SURA generates close to USD 200 million for debt and dividend payment, and for investments 2015(1) 2016 (E) (1) 50 41 52 88 266 354 225 304 173 173 216 216 Dividends Operating Operating Interest Cash Dividends and Operating Operating Interest Cash and Other Expenses Cash F
Slide 11: Shareholders
SHAREHOLDERS 10.0% 10.5% Grupo Argos and 3.7% 4.7% subsidiaries 28.5% Grupo Nutresa 34.5% Colombian Pension 20.1% (COMM) (COMM+PREF) Funds 20.9% International Funds 10.3% Retail Investors 18.9% 12.7% 25.1% Institutional Investors TREND IN INTERNATIONAL INVESTORS 17.4% 20.5% 20.9% 700 14.3% Outstandi
Slide 12: Corporate Governance and Sustainability
CORPORATE GOVERNANCE AND SUSTAINABILITY Grupo SURA’s score evolution in the DJSI HIGH CORPORATE STANDARDS 100 Code of Good Governance in accordance 90 with international practices. 80 70 The Board of Directors has 7 members of 60 which 4 are independent. The chairman 50 and vice-chairman are indepen
Slide 13: Corporate Responsibility
CORPORATE RESPONSIBILITY SOCIAL DEVELOPMENT active role in a wide range of social development programs either in the form of institutional donations or the volunteer work of Grupo SURA’s employee. BUSINESS MANAGEMENT Practices used to obtain our corporate goals. A COMPREHENSIVE VIEW OF OUR CORPORATE
Slide 14: Business Model Focused on Clients
BUSINESS MODEL FOCUSED ON CLIENTS Comprehensive service offer designed to satisfy the VOLUNTARY SAVINGS different needs through the life cycle. Strategies and synergies to strengthen the retention of our clients VALUE OFFER Life Cycle $ MANDATORY UNIVERSAL Universal Banking PENSIONS 44 MILLION BANKI
Slide 15: Strategic Business Expansion
MÉXICO REPÚBLICA DOMINICANA GUATEMALA EL SALVADOR PANAMÁ STRATEGIC BUSINESS EXPANSION COLOMBIA New presence including the RSA acquisition BRASIL PERÚ STRATEGIC INVESTMENTS CHILE URUGUAY 44 MILLION CLIENTS ARGENTINA 15
Slide 16: Demographic Fundamentals
DEMOGRAPHIC FUNDAMENTALS YOUNG AND GROWING POPULATION 364 MM de 559 MM Age 2010 people over 20 2050 people over 20 100+ 90 – 94 7% 19% Annuities 80 – 84 70 – 74 INTERESTING DEMOGRAPHIC 60 – 64 EVOLUTION IN LATAM(1) accumulation 50 – 54 51% Savings and 47% period 40 – 44 30 – 34 20 – 24 10 – 14 0–4 -
Slide 17: Financial Services Penetration
FINANCIAL SERVICES PENETRATION 83.0% 84.4% 195.1% 167.1% 68.3% PENSION PENETRATION (% GDP) BANKING PENETRATION (% GDP) 89.3% 31.6% 76.5% 19.8% 19.9% 20.8% 23.5% 47.6% 43.6% 15.7% 11.0% 31.4% 23.1% 27.1% 45.3% 24.0% 0.9% USA WA OECD* Uruguay El Salvador Dom. Republic Peru Mexico Colombia USA Europe E
Slide 18: Grupo SURA Consolidated Results 2Q
GRUPO SURA CONSOLIDATED RESULTS 2Q Panama 18
Slide 19: Statement of Financial Position Consolidated
STATEMENT OF FINANCIAL POSITION CONSOLIDATED 22,022 19,025 ASSETS SHAREHOLDER’S EQUITY 13,575 LIABILITIES 10,096 8,929 8,448 2015 2015 2016 2016 ASSETS jun-16 Var. $MM % Change Investments 8,265 823 11.1% dec-15 + 2,998 19,025 Accounts receivable 1,827 785 75.3% 15.8% Technical insurance reserves -
Slide 20: Statement of Financial Position Consolidated
STATEMENT OF FINANCIAL POSITION CONSOLIDATED LIABILITIES TOTAL SHAREHOLDER’S EQUITY + 3,479 MM dec-15 8,929 dec-15 10,096 34.5% -481 MM Ex-RSA -5.4% + 1,503 MM 14.9% jun-16 8,448 jun-16 1,976 13,575 0.0 5,000 .0 10 , 00 0.0 15 , 00 0.0 20 , 00 0.0 25 , 00 0.0 0.0 5,000 .0 10 , 00 0.0 15 , 00 0.0 20
Slide 21: Statement of Comprehensive Income Consolidated
STATEMENT OF COMPREHENSIVE INCOME CONSOLIDATED jun-16 Var. $ % Var % / Revenues Retained premiums (net) 1,563 422 36.9% 53.7% + 685 jun-15 2,225 Commission income 360 48 15.5% 12.4% 30.8% Revenues on services rendered 383 62 19.4% 13.2% TOTAL Ex-RSA Investment income 311 76 32.2% 10.7% REVENUES + 47
Slide 22: Debt
DEBT GRUPO SURA Repos 1.5% USD COP Banks 37.2% 62.8% 25.8% TYPE OF CURRENCY DEBT EXPOSURE* Bonds 72.7% DEBT MATURITY PROFILE 550* Banks 300 International Bonds 219 Local Bonds 101 100 77 54 34 34 34 33 - - - - 2016 2017 2018 2019 2020 2021 . 2023 . 2026 . 2029 2030 . 2049 22 Figures in USD Million *
Slide 23: Suramericana S.A Consolidated Results 2Q
SURA ASEGURAMIENTO, TENDENCIAS Y RIESGOS SURAMERICANA S.A CONSOLIDATED RESULTS 2Q Bogotá 23
Slide 24: Suramericana S.A
MEXICO 1 2.3 % DOMINICAN REPUBLIC (Ranking 5) 1.4M 8.6% 0.1M EL SALVADOR (Ranking 2) PANAMA (Ranking 4) 19.3% 0.6M 9.1% 0.2M SURAMERICANA S.A COLOMBIA (Ranking 1) 3 Market Share 23.8% + 3% 11M Clients BRASIL PREMIUM BREAKDOWN BY COUNTRY 20154 1M Salv ador Uruguay Panama 3.0% 1.9% 3.2% Dom. Rep. 1.8%
Slide 25: Suramericana Consolidated Figures
SURA ASEGURAMIENTO, TENDENCIAS Y RIESGOS SURAMERICANA S.A CONSOLIDATED FIGURES jun-16 Var. $ % Var % / Revenues + 471 jun-15 1,208 39.0% Retained premiums (net) 1,079 312 40.7% 64.3% Revenues on services rendered 354 58 19.6% 21.1% TOTAL Ex-RSA REVENUES Investment income 180 76 72.9% 10.7% + 264 Mai
Slide 26: Segments Premiums and Claims Ratio
SEGMENTS PREMIUMS AND CLAIMS RATIO LIFE HEALTH CARE Premiums Retained Claims Other Services rendered Claims Ratio RSA 4.5% jun-16 %Var jun-16 jun-15 0.7% Life jun-16 %Var jun-16 jun-15 17.4% Life 110 16.3% 25.8% 20.8% EPS 322 20.2% 93.2% 96.0% ARL (worker Group Life 86 11.2% 42.9% 32.5% comp.) IPS 6
Slide 27: SURA Asset Management Consolidated Results 2Q
SURA ASSET MANAGEMENT CONSOLIDATED RESULTS 2Q Santiago de Chile 27
Slide 28: SURA Asset Management
MEXICO (Ranking 3) 25.2Bn 15.0% USD 6.3M 3,025 SURA ASSET MANAGEMENT Nº1 in Pensions in Latinamerica EL SALVADOR (Ranking 2) COLOMBIA (Ranking 2) USD 4.2Bn 47.4% 1.42M 302 USD 25.2Bn 36.6% 5.3M 1,872 AUM Market Share PERÚ (Ranking 1) Clients USD 17.8Bn 40.2% 2.1M 1,280 Employees CHILE (Ranking 4) US
Slide 29: SURA Asset Management Consolidated Figures
SURA ASSET MANAGEMENT CONSOLIDATED FIGURES jun-16 Var. $ %Change %/Revenue jun-15 Retained premiums (net) 484.6 110.0 29.4% 49.3% 808.2 +174.3 MM Commission income 325.1 38.6 13.5% 33.1% TOTAL Investment income 149.4 22.0 17.3% 15.2% 21.6% REVENUES Revenues via equity method 19.2 3.5 22.3% 2.0% Main
Slide 30: Mandatory Pension Market Figures
MANDATORY PENSION MARKET FIGURES ASSETS UNDER MANAGEMENT FUND MEMBERSHIP (MM) 10.8% 3.6% 14.3% 15.1% 9.7% 20.7% 9.9% -2.7% 2.1% -0.8% 1.6% 3.4% 5.2% 1.8% 2.0% 6.9% 5.1% 15.9% 9.7% 7.4% 5.8% 15.7 16.0 98,935 90,025 6.2 6.3 32,261 4.0 4.1 23,328 29,111 21,312 15,811 1.8 1.7 2.0 2.0 1.4 1.5 20,578 21,2
Slide 31: Mandatory Pension Main Figures
MANDATORY PENSION MAIN FIGURES COMMISSION INCOME RETURN ON ENCAJE 15.6% 5.6% 17.0% 16.9% 11.8% 2.1% 0.3% 1.7% 13.8% 1.7% -89.0% 103.9% -5.1% -6.6% -46.0% -90.3% 93.7% -17.6% -9.0% -52.1% 297.6 18 266.3 11 9.7 98.9 111.9 118.2 3 5 5 85.5 68.7 58.7 1 1 1 1 10.2 11.9 Chile Mexico Peru Uruguay Total Chi
Slide 32: Voluntary Savings Segment Market Figures
VOLUNTARY SAVINGS SEGMENT MARKET FIGURES ASSETS UNDER MANAGEMENT CLIENTS (THOUSANDS) 5.9% 18.8% 2.3% 114.9% 3.7% 7.7% 22.8% 8.6% 84.3% 48.9% 6.6% 16.6% 13.0% 12.1% 69.7% 49.9% 6.6% 14.4% 880 9,028 817 7,742 371 393 3,380 269 279 3,000 3,113 2,443 1,767 1,884 137 163 397 732 35 36 4 9 22 32 Chile Mex
Slide 33: Voluntary Savings Segment Main Figures
VOLUNTARY SAVINGS SEGMENT MAIN FIGURES COMMISSION INCOME NET PREMIUMS WITH SAVINGS 36.2% 36.4% 27.7% 58.4% 0.0% 36.0% 69.6% 0.0% 32.1% 66.8% 10.9% 54.3% 0.0% 27.2 49.9% 0.0% 14.7% 47.1% 150.8 20.3% 29.5% 23.5% 139.8 20.0 90.5 14.4 82.4 10.6 10.9 8.0 1.3 1.7 8.1 10.6 0.1 0.2 0.0 0.0 0.0 0.4 Chile Mex
Slide 34: Insurance Segment Main Figures
INSURANCE SEGMENT MAIN FIGURES NET PREMIUMS ADJUSTMENTS TO RESERVES 30.6% 12.3% -16.1% 17.5% 37.7% 8.0% -22.7% 20.7% 21.7% 2.5% -32.8% 7.6% 15.4% 6.7% -27.1% 5.0% 334 284 217 166 Chile Mexico Peru Total -42 -46 -36 -46 63 71 55 46 -149 -205 Chile Mexico Peru Total -237 -287 RETAINED CLAIMS NET INCOM
Slide 35: Bancolombia, Grupo Nutresa and Grupo Argos
BANCOLOMBIA, GRUPO NUTRESA AND GRUPO ARGOS Medellín 35
Slide 36: Bancolombia
BANCOLOMBIA • Leading franchise in Colombia an Central America, markets with attractive growth perspectives • Focus on growth in profitable segments MAIN FIGURES • Preserves a culture of conservative risk management, maintaining sound levels of capital and liquidity • ADR Level 3 USD 64.5 Bn 23.4 %
Slide 37: Grupo Argos
GRUPO ARGOS STRATEGIC OPERATIONS Cement Energy Ports Coal Real Estate Infrastructure MAIN FIGURES Holding 22.0% Cement 41.0% USD 635 MM USD 5.2 Bn EBITDA MARKET CAP Real Estate 1.0% DISTRIBUCIÓN Port Facilities 1.0% EBITDA 24.9 % EBITDA 7.0 % DIVIDEND GROWTH 2015-16 MARGIN Infrastructure 12.0% Energ
Slide 38: Grupo Nutresa
GRUPO NUTRESA • Leader in the processed food industry in Colombia and the fourth* largest in Latin America • Presence in 15 countries with production plants in 12 of them • In 2013 it acquired Tresmontes Lucchetti, the second largest processed food company in Chile. It also made a joint venture with
Slide 39: Investor Relations Contacts
CEO: DAVID BOJANINI CFO: RICARDO JARAMILLO IR Director: JUAN CARLOS GOMEZ IR Specialist: MARIA ADELAIDA OCHOA E-mail: ir@gruposura.com.co Phone: (574) 4355941 www.gruposura.com.co GRUPO SURA App Para dispositivos móvil (App Store – Google Play) 39
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