Grupo Cibest S.a. · BVC:CIBEST
Grupo Cibest — Q2 2022 Earnings Presentation
25 slides from Grupo Cibest's earnings presentation, Aug 10, 2022
Slide 1: Earnings Results 2Q22
Earnings Results 2Q22 4 = Bancolombia
Slide 2: 2Q22 Overview
2Q22 Overview Financial Highlights Business Update • Loan book up 9.3% QoQ and 19.4% YoY • Loan growth above expectations • Deposits up 6.7% QoQ and 17.2% YoY • Good performance of the Central America operations • Basel III CET1 capital ratio of 10.3% and total • Nequi has been authorized to be inco
Slide 3: Macro
Macro A dynamic internal demand and high commodity prices led to a strong growth during 2Q22. At the same time, reference rate’s hiking cycle has intensified amid significant inflationary pressures. Aggregate economic growth – Bancolombia Nowcast Private consumption – Bancolombia cardholders’ purcha
Slide 4: Loans & Deposits
Loans & Deposits Commercial Consumer Mortgage Corporate SME Financial leases Credit cards Vehicle loans Payroll loans VIS Non-VIS Average $30.3 Small business loan Average $141.6 Personal loans Average $48.1 53.7 32.8 156.6 49.7 135.7 141.3 142.3 45.5 48.4 29.1 30.6 30.6 131.9 26.5 1.3 43.5 28.2 1.2
Slide 5: Multilateral Funding
Multilateral Funding COP 657 Billion USD 96.9 Million USD 70 Million USD 70 Million Sustainable Bond Gender Bond Green, Gender and SME Green Subordinated Subordinated Loan Loan and SMEs Loans COP 350 Billion USD 323 Million USD 125 Million Green Bond A/B Loans - Housing, A/B Loans - Housing Green, G
Slide 6: ESG
ESG Businesses with purpose ESG Indicators 2022 Goal 102.8 500 2030 Business Ambition COP Trillion COP Trillion By 2030 COP 500 Tn – Our goal for 2030 11.3 40 COP Trillion Climate Finance COP Trillion By 2030 2020 10.1 20 COP Trillion COP Trillion Sustainable Credit Line COP 24.8 Tn by 2025 2021 202
Slide 7: Payments – Colombia
Payments – Colombia Credit Cards Debit Cards 95 350 31.5 34.0 35.0 90 9.0 27.2 30.0 7.5 300 85 6.6 25.0 7.0 250 80 20.0 5.0 75 200 11.7 12.6 13.1 5.0 15.0 70 91 309 10.0 65 83 150 298 79 3.0 233 5.0 60 100 55 2.3 2.6 2.6 - 1.0 50 50 -5.0 45 -1.0 - -10.0 2Q21 1Q22 2Q22 2Q21 1Q22 2Q22 Credit Card Net
Slide 8: Digital - Colombia
Digital - Colombia Sales Digital Sales vs Total Sales Banking Sales by Channel 47.7% 419 43.2% 41.7% 50% 381 366 400 350 40% 352 300 307 300 263 262 30% 257 268 250 18.8% 300 200 20% 261 272 8.0% 244 251 107 150 10% 100 50 37 0% 132 0 -10% 83 2018 2019 2020 2021 2022 1H19 2H19 1H20 2H20 1H21 2H21 1H
Slide 9: NEQUI
NEQUI Deposits Loans Nequi Cards 1,650 500,000 455,497 12.0 1,449 120,000 111,509 450,000 290 11.0 1,450 1,271 385,862 400,000 1,250 COP 111k/User100,000 10.0 COP 110k/User 202.3 240 350,000 1,050 80,000 70,995 9.9 9.0 300,000 190 8.0 127.2 226,316 850 250,000 8.4 60,000 107.3 140 200,000 7.0 650 51
Slide 10: Provisions, Allowances, Asset Quality and Coverage
Provisions, Allowances, Asset Quality and Coverage Provisions Asset Quality Evolution 3,000 4.8% 4.1% 5.0% 3.4% 4.0% 2,500 2.6% 3.0% 2Q21 3Q21 4Q21 1Q22 2Q22 1.2% Net Provisions Charges 2,000 1.0% 1.1% 2.0% 0.5% Initial PDLs 9,023 9,034 9,072 8,675 9,129 1,500 0.0% 1.0% 2Q22/2Q21 2% 2,435 0.0% 2Q22/
Slide 11: Credit Reliefs
Credit Reliefs Provisions Breakdown 630 -1 613 517 96 86 254 267 126 126 242 16 244 96 78 61 66 666 581 811 531 374 107 72 -186 -126 -381 -335 -627 -93 -242 -185 -42 -354 -37 2Q21 3Q21 4Q21 1Q22 2Q22 Parameters Update COVID-19 Consumer Deterioration SME Deterioration Corporate Deterioration Specific
Slide 12: Capital
Capital Core Equity Tier I and Total Capital Evolution Capital Adequacy (2Q22) 15.3% 15.5% 15.0% 13.5% 12.9% 17.69% 11.5% 11.8% 11.9% 15.76% 10.6% 3.66% 15.14% 10.3% 14.08% 12.93% 12% 1.81% 2Q21 3Q21 4Q21 1Q22 2Q22 2.64% 11.5% 8.92% 8% 10% Core Equity Tier I Total Capital Adequacy 15.14% 14.03% 10.2
Slide 13: ALM - Colombia
ALM - Colombia Interest Rates & NIM 9.67% 7.88% 6.87% 7.72% 6.21% 6.41% 6.15% 6.17% 6.02% 5.87% 5.64% 5.59% 5.51% 5.43% 6.00% 5.36% 6.00% 4.55% 4.28% 4.25% 4.25% 3.21% 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 NIM CPI IBR DTF Intervention Rate Loans Deposits 2019 JUN-2022
Slide 14: Liquidity Management
Liquidity Management Liquidity and Deposits Liabilities 230,000 222,332 110.0% 238 220,000 222 2% 208,463 108.0% 5% 203 1% 210,000 106.0% 5% 200,000 189,742 102.6% 104.0% 3% 190,000 4% 102.0% 180,000 99.5% 94% 98.4% 100.0% 94% 170,000 94% 160,000 98.0% 150,000 96.0% 2Q21 1Q22 2Q22 2Q21 1Q22 2Q22 Dep
Slide 15: NIM & NII
NIM & NII Net Interest Margin 8.0% 8.5% 7.0% 7.5% 7.0% 6.7% 6.7% 6.5% 5.9% 6.0% 6.0% 5.6% 5.5% 5.7% 4.5% 5.3% 4.1% 5.0% 5.0% 5.0% 3.5% 2.5% 1.3% 1.1% 4.0% 0.6% 1.5% 0.5% 0.5% 3.0% -0.5% 2Q21 3Q21 4Q21 1Q22 2Q22 Net Interest Margin Lending NIM Investments NIM Net Interest Income 4,315 3,700 3,207 2,8
Slide 16: Colombia and Central America Overview
Colombia and Central America Overview Loans Expenses Fees COP Trillion COP Trillion COP Trillion 175 166 85 1.70 1.59 1.20 0.65 0.62 0.30 165 80 0.53 155 141 1.37 1.40 1.10 0.50 138 75 1.50 0.55 0.47 0.25 145 67 70 1.24 1.00 135 126 1.30 0.90 0.45 65 0.20 0.80 125 56 56 0.35 0.14 0.13 0.13 1.10 0.70
Slide 17: Operating Expenses & Efficiency
Operating Expenses & Efficiency Efficiency Ratio 60.0% 13.0% 55.0% 11.0% 48.5% 49.1% 50.0% 45.1% 9.0% 43.7% 45.0% 7.0% 40.0% 4.0% 3.6% 3.9% 5.0% 35.0% 3.2% 3.0% 30.0% 25.0% 1.0% 2Q19 2Q20 2Q21 2Q22 Operating Expenses to Net Operating Income Operating Expenses to Interest Earning Assets Operating Exp
Slide 18: Fees
Fees Evolutions of Net Fees 19.7% 19.1% 19.8% 19.5% 17.2% 1,700 15.20% 20.0% 1,500 15.0% 10.0% 1,300 Net Fees 5.0% 1,100 2Q22/2Q21 9% 0.0% 900 1,508 1,439 1,504 1,331 -5.0% 700 1,209 1,246 -10.0% 880 947 919 879 500 799 807 -15.0% 300 -20.0% 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 Fee Income Net Fees Fee Inco
Slide 19: Profitability
Profitability ROE & ROA 26.0% 22.6% 4.0% 21.0% 16.3% 15.0% 16.0% 3.0% 11.0% 2.0% 2.4% 6.0% 1.6% 1.8% 1.0% 1.0% -1.1% 0.0% -4.0% -0.1% -9.0% -1.0% 2Q19 2Q20 2Q21 2Q22 ROE ROA Net Income 1,779,695 1,156,915 936,189 -73,297 2Q19 2Q20 2Q21 2Q22 COP Millions
Slide 20: Earnings Results 2Q22
Earnings Results 2Q22 4 = Bancolombia
Slide 21: Colombia and Central America Overview
Colombia and Central America Overview 2Q21 1Q22 2Q22 2Q21 1Q22 2Q22 ▪ Net Income 750 1,704 1,781 ▪ Net Income 40 92 109 ▪ NIM 5.51% 6.87% 7.88% ▪ NIM 3.22% 3.25% 3.47% ▪ Net Fees Growth 7.12% 17.64% 17.17% ▪ Net Fees Growth -6.93% 25.31% 19.56% ▪ ROAE 18.76% 20.96% 22.29% ▪ ROAE 4.05% 8.64% 10.15% ▪
Slide 22: Stages
Stages Loan Breakdown by Stages 7.8% 7.8% 7.2% 6.7% 6.0% 10.4% 8.7% 8.8% 7.5% 6.2% Balance Stage 2 and 3 - Coverage 83.5% 84.0% 85.8% 87.7% 81.8% 50.4% 48.1% 47.4% 43.0 45.4% 45.0% 50.0% 38.0 40.0% 33.0 2Q21 3Q21 4Q21 1Q22 2Q22 28.0 30.0% Stage 1 Stage 2 Stage 3 23.0 18.0 37.1 34.7 35.2 20.0% 31.6 2
Slide 23: Assets and Loans Breakdown
Assets and Loans Breakdown Total Gross Loans Total Assets 243 TN 222 TN 204 TN 13.5% 13.8% 13.7% 2Q22/2Q21 ∆ 19.4% 22.1% 21.4% 22.3% 2Q22/1Q22 ∆ 9.3% Others 14% 64.2% 63.3% 63.9% Financial Assets Investment 9% 2Q21 1Q22 2Q22 Commercial Consumer Mortgage Loans 78% Total Gross Loans by Currency 157 14
Slide 24: Disclaimer
Disclaimer This report corresponds to the interim unaudited consolidated financial statements of BANCOLOMBIA S.A. and its subsidiaries (“BANCOLOMBIA” or “The Bank”) which Bancolombia controls, amongst others, by owning directly or indirectly, more than 50% of the voting capital stock. These financia
Slide 25: Earnings Results 2Q22
Earnings Results 2Q22 4 = Bancolombia