Banco Davivienda SA · BVC:PFDAVVNDA
Banco Davivienda SA — Q1 2025 Earnings Presentation
32 slides from Banco Davivienda SA's earnings presentation, May 2025
Slide 1: Davivienda Corporate Presentation 1Q25
Davivienda Corporate Presentation 1Q25
Slide 2: Disclaimer
The information hereby presented is exclusively for informative and illustrative purposes and it is not, nor does it pretend to be, a source for legal or financial assessment of any kind. Certain statements in this presentation are “forward-looking” statements within the meaning of the U.S. Private S
Slide 3: Content
Content Page Page 1 About Davivienda 4 7 Digital Transformation and DaviPlata 13 2 Grupo Bolívar 5 8 Wealth Management 17 3 Ownership Structure 6 9 Credit Risk Management 18 4 Sustainable Management 7 10 Capital Structure 20 5 History 9 11 Key Ratios 21 6 Loan Portfolio and Funding Sources 10 12 Col
Slide 4: Banco Davivienda at a Glance
Banco Davivienda at a Glance Loans: $13.8 Bn Loans: $12.2 Bn Main Figures Customers: 10 M Customers: 447 k USD Billion Y/Y 2 Assets $ 45.3 7.8% 2 Gross Loans $ 34.3 5.9% Deposits $ 33.1 12.4% Equity $ 3.9 5.7% Net Profit1 $ 69.3 N.A. Deposits: $245.4 M Loans: $8.2 Bn Customers: 18.7 M Customers: 1.9
Slide 5: Our Main Shareholder: Grupo Bolívar
Our Main Shareholder: Grupo Bolívar Among the most important conglomerates in Colombia with over 80 years of experience. Consolidated figures USA (Miami) Assets USD 51.7 billion Honduras Equity USD 4.7 billion El Salvador Customers +30 million Employees 26 k Costa Rica Colombia Countries 6 Panamá Fin
Slide 6: Ownership Structure
Ownership Structure Inversiones Meggido Other 1.7% 11.6% Inversiones Other companies Cusezar Common shares 4.2% 11.9% 371,069,401 Foreign Retail 76.1% 74.7% investors 1.5% 4.1% Inversiones Meggido Inversiones Meggido 9.2% Retail 0.1% Inversiones Other 6.1% Inversiones Cusezar Total shares companies
Slide 7: Our Sustainable Management
Our Sustainable Management GREEN INCLUSIVE THE WORLD IS OUR HOME LET’S MAKE IT MORE Our Material Issues ● Prosperity ● Well-being ● Natural Capital ● Economic Capital ● Inclusion PROSPEROUS ● Trust ● Service Ratings Reporting Memberships 7
Slide 8: Advancing in our quest of making the world a more prosperous, inclusive and green place
Advancing in our quest of making the world a more prosperous, inclusive and green place Sustainable Loan Portfolio1 (USD Billions) First TCFD report incorporating TNFD recommendations. 3% 44% Q/Q Y/Y Comprehensive measurement of GHG emissions inventory. 2% 40% Total: 9.6 M Ton CO2e Q/Q Y/Y Intensity
Slide 9: Milestones of Sustainable Growth
Milestones of Sustainable Growth Proven Track Record of Organic and Inorganic Growth Savings and Loans The Local Bank A Regional Banking Platform Creating Ecosystems Latin Global 5 Oct. 2024 1Q25 Mar. 2024 13.1% Share Issuance 2021 US$171M 1Q25 Nov. 2023 2015 Holding 14.9% CF4| Davivienda 11.8% 2020
Slide 10: A Diversified Loan Portfolio
A Diversified Loan Portfolio¹ USD Billion 2004 1Q25 Y/Y Commercial 11.2% Consumer -6.6% $1.3 $34.3 Mortgage 9.3% Total 5.9% Y/Y Colombia COP 2.0% $1.3 $34.3 International USD 2 4.9% Colombia USD 27.1% 1. Consolidated Gross Loans 2. Growth in USD Figures in USD Billion Exchange Rate as of March 2025:
Slide 11: A Portfolio Focused on Strategic Segments and Products
A Portfolio Focused on Strategic Segments and Products USD Billion 2% Mortgage Loans 2.0% Consumer Loans 7.5% Unsecured Personal Loans Leasing Payroll Low Income Housing $10.0 $8.0 Credit Cards Vehicle Residential Revolving Loans Commercial Loans1 FINANCIAL, INSURANCE AND INVESTMENT $16.2 CONSTRUCTI
Slide 12: Stable and Diversified Funding Sources
Stable and Diversified Funding Sources USD Billion Demand deposits Term deposits $39.3 Credits Bonds Loans to Deposits 130.7% 128.9% 122.3% 120.2% 120.8% 110.2% 106.7% 103.5% Loans to Funding Sources 97.2% 95.9% 93.4% 91.4% 92.6% 89.1% 88.8% 87.2% International Issuances Portfolio Securitization2 (US
Slide 13: With a clear progress in the Digital Transformation of our Bank
With a clear progress in the Digital Transformation of our Bank… Digital Products Portfolio2 Transactions by Channel 1 (USD Billion) (% of monetary transactions) Digital Clients 93.5% 3% 0% Q/Q Y/Y 12% 81% Q/Q Y/Y 4% 19% Q/Q Y/Y Transactions by Channel (% of monetary transactions) Digital Clients1 I
Slide 14: DaviPlata, a Neobank for Everyone
DaviPlata, a Neobank for Everyone Wallet Payment method Financial Offering Entrepreneurships, P2P Ecard Loans - Popular Economy Informal Mobile top-up PSE Savings Businesses, and Remittances QR Insurance Micro Businesses Send money to any account Pay bills Your option to solve your financial needs. Y
Slide 15: DaviPlata, supporting customer acquisition, low-cost funding and income generation
DaviPlata, supporting customer acquisition, low-cost funding and income generation… Customer Base Transactions1 and Low-Amount Deposits (Million) (USD Million) Purchases2 1% 6% -7% 28% Q/Q Y/Y 1% 21% Q/Q Y/Y Q/Q Y/Y -10% 23% Q/Q Y/Y -8% 31% Q/Q Y/Y With Products DaviPlata as Common with End of Month
Slide 16: DaviPlata - Additional Information
DaviPlata - Additional Information Cross-Selling Results 1 DaviPlata / Davivienda CAC (12 Months) -10% 6% Q/Q Y/Y 0% -16% 2% 24% Q/Q Y/Y Q/Q Y/Y -1% 16% Q/Q Y/Y Active Users Customer Satisfaction (30 Days) 2pp Y/Y -2pp -2pp Q/Q Y/Y 1. CAC in USD estimated with the average exchange rate. 16
Slide 17: Wealth Management
Wealth Management AUM Evolution (USD Billion) CAGR: USD $11.6 Billion in AUM 3,7% Trust Business 385.3 thousand customers USD $6.9 Billion in AUM Brokerage Business 108 thousand customers Funds and Portfolios Assets Under Custody Trust Funds Investment Funds & Securities Brokerage & Voluntary Pensio
Slide 18: Credit Risk Management - PDL & Coverage
Credit Risk Management - PDL & Coverage Total PDL & Coverage1 Coverage + Collaterals3 2 3 PDL by Segment Coverage1 1. Coverage: Loan Loss Reserves / Loans > 90 days 2. Total >120: (Mortgage > 120 days + Commercial > 90 days + Consumer > 90 days) / Gross Loans 3. Coverage + Collaterals = (Loan Loss R
Slide 19: Credit Risk Management - Provision Expenses and Loans by Stages
Credit Risk Management - Provision Expenses and Loans by Stages CoR1 & Provision Expenses 1Q25 $ Q/Q Y/Y Provision Expenses 206 -4,1% -12,2% Loans by Stages Coverage by Stages Figures in USD Million. The average rate COP/USD depreciated 2.9% Q/Q and 7.0% Y/Y 1. Cost of Risk = Provision Expenses / Gr
Slide 20: Balance Sheet - Capital Structure
Balance Sheet - Capital Structure Capital Adequacy Ratios 1 Equity & RWAs2 Leverage Ratio 1Q25 Q/Q Y/Y Accounting Equity 3.9 0.0% 5.7% Common Equity Tier 1 3.4 0.9% 6.5% Additional Tier 1 0.5 -3.4% 9.3% Total Technical Capital 4.8 -0.8% 6.0% RWAs 30.6 -1.2% -0.8% Credit Risk 26.5 -2.3% 2.6% Market R
Slide 21: Key Financial Ratios
Key Financial Ratios Margins & Cost of Risk Other Income Ratios Efficiency Ratios ROAA & ROAE Cost-to-Income 12 M Cost-to-Assets NIM = Net Interest Income (12 months) / Average Earning Assets (5 quarters) Non Financial Income Ratio = Non Financial Income / (Gross Financial Margin + Non Financial Incom
Slide 22: A Leading Banking Institution in Colombia
A Leading Banking Institution in Colombia Customers¹ +23.3M Branches 493 ATMs 2.3k Banking Correspondents 41.3k Employees 11k Market March 2025 Y/Y Ranking USD Billion Share Assets $ 34.6 6.4% 2 13.1% Gross Loans $ 25.3 4.1% 2 15.0%² Commercial $ 11.8 12.5% 3 12.8% Consumer $ 5.5 -13.6% 3 11.6% Mort
Slide 23: Our Operations in Central America
Our Operations in Central America Honduras Total Central America¹ USD Million Mar. 25 Y/Y Assets 12.184 5.6% El Salvador Gross Loans 8,181 4.9% Customers 1.9 M Costa Rica Commercial 3.985 1.1% Branches 140 Consumer 2,457 7.1% ATMs 575 Panama Mortgage 1.738 11.2% Employees +4.3 K Deposits 8.495 7.3%
Slide 24: Board of Directors and its Supporting Committees
Board of Directors and its Supporting Committees Audit Committee BoD Members2 Supports BoD in supervising effectiveness of internal controls. Composed of three directors, two are independents members of the BoD. Reviews financial audited statements prior submission to the BoD. Corporate Governance &
Slide 25: Experienced Management Team
Experienced Management Team Javier Suárez Chief Executive Officer ● Civil Engineer from Universidad de los Andes, with a Masterʼs degree in Finance and a Masterʼs degree in Actuarial Sciences from Georgia State University. ● Over 31 years of experience in the financial industry. Ricardo León Pedro Ur
Slide 26: Appendix
Appendix B DNAVIVIENDN
Slide 27: Macroeconomic Fundamentals Colombia
Macroeconomic Fundamentals Colombia Economic Activity Index (Y/Y) Monetary Policy Rate, Inflation and Funding Rate Mar. 24 Dec. 24 Mar. 25 Mar. 25 360 Days CDs 10.99% 9.76% 9.92% Quarterly Average MPR 12.25% 9.50% 9.50% Annual Inflation 7.36% 5.20% 5.09% 2.2% 2.4% 2.2%* 0.7% 2.1% Dec-18 Dec-19 Dec-20
Slide 28: Financial System Colombia
Financial System Colombia System Loan Portfolio Interest Rates on Loans Apr. 23 (Annual Growth) (4-week moving average) 47.1% Dec. 24 29.1% Cap Rate1 24.9%* 11.0% 17.2% Consumer 19.3%* 9.4% Mortgage 8.9%* 13.2% Total 14.7%* 6.1% Commercial 5.4%* 10.6% Commercial 12.6%* Total 3.8%* 8.9% Mortgage 11.7
Slide 29: Macroeconomic Fundamentals CAM
Macroeconomic Fundamentals CAM Quarterly Gross Domestic Product (Y/Y) Annual Inflation (Y/Y) 10.6% Costa Rica Honduras 4.3%* 4.2% 4.5%* 4.2% Panamá 2.0% Costa Rica 3.3% 4.9%* 0.4% 1.2%* El Salvador 0.2% El Salvador 1.8% 3.4%* Honduras 0.1%* Panama 3.4%* -0.4%* Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-2
Slide 30: Consolidated Balance Sheet
Consolidated Balance Sheet USD Million 1Q24 4Q24 1Q25 $ Q/Q Q/Q $ Y/Y Y/Y ASSETS Cash and Interbank Funds 3,485 4,283 4,277 -6 -0.1% 791 22.7% Investments 4,944 5,178 5,630 451 8.7% 686 13.9% Gross Loans 32,340 34,701 34,254 - 447 -1.3% 1,915 5.9% Commercial 14,606 16,493 16,235 - 258 -1.6% 1,629 11
Slide 31: Consolidated P&L
Consolidated P&L Quarter USD Million 1Q24 4Q24 1Q25 $ Q/Q Q/Q $ Y/Y Y/Y Total Income 1.259 1.142 1.166 24 2.1% - 93 -7.4% Loans 1.122 1.019 1.036 17 1.7% - 85 -7.6% Investment 102 91 105 14 15.6% 3 2.9% Other Income 35 32 25 -7 -22.4% - 11 -30.7% Financial Expenses 725 644 625 - 19 -3.0% - 100 -13.8
Slide 32: Investor Relations
Investor Relations ir.davivienda.com ir@davivienda.com + 57 (601) 220 3495 Bogotá - Colombia