Grupo De Inversiones Suramericana S.a. · BVC:GRUPOSURA
Grupo De Inversiones Suramericana — Q3 2017 Earnings Presentation
28 slides from Grupo De Inversiones Suramericana's earnings presentation, 2017
Slide 1: 3Q 2017 Results Presentation
3Q - 2017 Results Presentation
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 fro
Slide 3: Agenda
AGENDA Grupo SURA Consolidated Results Suramericana Insurance, Trends and Risk Management SURA Asset Management Pensions, Savings and Asset Management 3
Slide 4: Grupo SURA Consolidated Results 3Q 2017
Grupo SURA Consolidated Results 3Q 2017 4
Slide 5: Highlights: Grupo SURA
HIGHLIGHTS » GRUPO SURA • Total YTD revenues of COP 15.2 trillion (+16.3%). INVESTMENT PORTFOLIO* • Driven by positive dynamics in written premiums (+23.6%), revenues on services rendered (21.0%) and equity method (+18.7%). Other 1% • Positive exchange rate impact in 2016 of COP 98,473 MM contrasts
Slide 6: Statement of Financial Position: Assets
S T AT E M E N T O F F I N A N C I A L P O S I T I O N » CONSOLIDATED Assets » 71,613,016 67,817,041 dic-16 67,817,041 + 3,795,974 42,421,214 46,121,723 5.6% sep-17 71,613,016 0.0 10 , 00 0,000.0 20 , 00 0,000.0 30 , 00 0,000.0 40 , 00 0,000.0 50 , 00 0,000.0 60 , 00 0,000.0 70 , 00 0,000.0 80 , 00
Slide 7: Statement of Financial Position: Liabilities and Equity
S T AT E M E N T O F F I N A N C I A L P O S I T I O N » CONSOLIDATED Liabilities » dic-16 42,421,214 + 3,700,509 Total Shareholder’s Equity» 8.7% sep-17 46,121,723 dic-16 25,395,827 0.0 70 , 00 0,000.0 95,466 0.4% sep-17 Var. $MM %Change sep-17 25,491,293 Technical reserves 24,874,098 (1,115,517) -
Slide 8: Statement of Financial Position: Debt
S T AT E M E N T O F F I N A N C I A L P O S I T I O N » DEBT COP 75.3% DEBT Grupo SURA’s unconsolidated Financial EXPOSURE TO Debt: COP 5.06 trillion* CURRENCIES*** USD 24.7% CONSOLIDATED FINANCIAL LIABILITIES» Preferred Dividends Repos Suramericana 4% 2% 12% Derivatives 2% dec-16 9,744,402 Banks 2
Slide 9: Statement of Comprehensive Income
S T AT E M E N T O F C O M P R E H E N S I V E I N C O M E » CONSOLIDATED Total Revenues» Total Expenses » Net Income attributable to shareholders» sep-16 13,034,346 sep-16 11,308,604 sep-16 1,285,944 + 2,118,348 + 2,404,853 -342,338 16.3% 21.3% -26.6% sep-17 15,152,694 sep-17 13,713,456 sep-17 943,
Slide 10: Statement of Comprehensive Income: Net Income Bridge
S T AT E M E N T O F C O M P R E H E N S I V E I N C O M E » CONSOLIDATED Grupo SURA and Other* 1,495,276 77,105 (40,919) (69,574) (187,699) (821) (62,739) 1,097,442 Net Income excluding (71,563) (41,624) Var$ Fx Impact Corporate Segment**: Grupo SURA (187,699) SURA AM (88,944) Suramericana (29,734)
Slide 11: SURA Insurance, Trends and Risk Management: Suramericana
SURA INSURANCE, TRENDS AND RISK MANAGEMENT SURAMERICANA S.A CONSOLIDATED RESULTS 11
Slide 12: Highlights: Suramericana
HIGHLIGHTS» SURAMERICANA % WRITTEN PREMIUMS • Consolidated premiums of COP 8.7 tn, growing 30.9%, driven by acquired operations El Salvador Uruguay and organic growth (+12.1%). 3% 2% Rep. Dom. Panamá 2% • Operating segments with double-digit growth in revenues and profits: 4% México • Life: dynamism
Slide 13: Acquisition of Seguros de Vida SURA Mexico
ACQUISITION OF SEGUROS DE VIDA SURA MEXICO» Transaction Profile Geographic Coverage Product Portfolio Value: US $20.6 million Presence through 18 Combined SURA México commercial branches Personal Other Sura Mexico Life Insurance Accidents 7% 3% Medical Expenses • Written Premiums*: 6% Group Life USD
Slide 14: Suramericana Consolidated Figures
SURA INSURANCE, TRENDS AND RISK MANAGEMENT » SURAMERICANA S.A. CONSOLIDATED FIGURES Total Revenues» Total Expenses » Net Income» sep-16 8,172,411 sep-16 7,690,823 sep-16 433,843 + 2,202,134 + 2,185,443 (40,919) 26.9% 28.4% -9.4% sep-17 10,374,545 sep-17 9,876,266 sep-17 392,924 0.0 2,00,000 .0 4,00,
Slide 15: Suramericana Net Income Bridge
S T AT E M E N T O F C O M P R E H E N S I V E I N C O M E » CONSOLIDATED FIGURES SURAMERICANA S.A. Corporate Segment 14,737 23,728 433,843 (29,734) 3,584 (8,448) 19,800 392,924 (18,115) (46,472) Net income excluding: • Exchange rate difference from the corporate segment • Intangible amortizations (
Slide 16: Main Figures Segments: Life
SURA INSURANCE, TRENDS AND RISK MANAGEMENT » MAIN FIGURES SEGMENTS Premiums Retained Claims Ratio LIFE » sep-17 %Var sep-17 sep-16 Life 504,251 4.7% 26.2% 23.3% Written Premiums: +14.3% Group Life 597,767 22.1% 36.7% 36.7% Pension 502,772 10.9% 106.3% 98.9% 405,904 Net Income: -1.8% Health 726,152 1
Slide 17: Main Figures Segments: Non-Life
SURA INSURANCE, TRENDS AND RISK MANAGEMENT » MAIN FIGURES SEGMENTS Uruguay Rep. Dom. El Salvador 4% 3% 2% Panamá Other NON-LIFE» 6% Colombia 28% Auto México 31% 36% 8% WRITTEN WRITTEN Written Premiums: +44.2% Brasil PREMIUMS PREMIUMS 1,247,938 7% BY SOLUTION BY COUNTRY Net Income: +28.6% Compliance
Slide 18: Main Figures Segments: Health Care
SURA INSURANCE, TRENDS AND RISK MANAGEMENT » MAIN FIGURES SEGMENTS HEALTH CARE » Rev. on Services Rendered: +22.4% Net Income: +98.3% Services rendered Claims Ratio 419,664 sep-17 %Var sep-17 sep-16 EPS 1,784,163 23.6% 93.4% 93.4% IPS 345,294 21.9% Dinámica 163,508 11.7% Total 2,292,964 22.4% 14,996
Slide 19: SURA Asset Management Consolidated Results
SURA ASSET MANAGEMENT CONSOLIDATED RESULTS 19
Slide 20: Highlights: SURA Asset Management
HIGHLIGHTS» SURA ASSET MANAGEMENT • On November 2, 2017, the sale of Seguros SURA Peru by SURA AM to IFS was closed for a value of USD 276 million. • Announcement of the sale of the life insurance operation in Mexico to Suramericana for USD 20.6 T O TA L A U M MM. • Focus on asset management busines
Slide 21: SURA Asset Management Consolidated Figures
SURA ASSET MANAGEMENT » CONSOLIDATED FIGURES Total Revenues » Total Expenses » Net Income » sep-16 3,958,939 sep-16 3,228,862 sep-16 516,783 + 89,980 + 147,459 -69,574 2.3% 4.6% -13.5% sep-17 4,048,919 sep-17 3,376,321 sep-17 447,209 1,000 , 00 .0 1,500 , 00 .0 2,000 , 00 .0 2,500 , 00 .0 3,000 , 00
Slide 22: SURA AM Net Income Bridge
S T AT E M E N T O F C O M P R E H E N S I V E I N C O M E » CONSOLIDATED FIGURES Corporate Segment 18,395 4,487 516,783 (6,700) (11,693) 50,677 447,209 Net Income excluding Fx (44,210) 34,538 impact and non-recurring (88,944) (21,720) provisions (4,405) +15.5% Non-recurring Fx Impact* (+) provision
Slide 23: Mandatory Pension: Market Figures
M A N D AT O R Y P E N S I O N » MARKET FIGURES ASSETS UNDER MANAGEMENT FUND MEMBERSHIP (Million) 14.4% 18.2% 15.7% 26.6% 18.3% 9.7% 16.4% -2.0% 1.2% -0.2% -0.3% 4.8% 4.6% 1.9% 9.2% 9.4% 9.0% 27.4% 18.3% 7.6% 11.6% 343.4 16.95 17.27 295.0 7.34 7.25 97.2111.2 62.2 73.6 70.6 83.5 4.13 4.33 46.1 53.4 1
Slide 24: Mandatory Pension: Main Figures
M A N D AT O R Y P E N S I O N » MAIN FIGURES COMMISSION INCOME RETURN ON ENCAJE (MANDATORY RESERVE) 2.5% 0.1% -5.0% 13.9% 0.3% 81.7% 72.1% 11.3% 309.6% 58.0% 2.7% 7.7% -4.1% 10.1% 3.4% 82.1% 85.1% 12.5% 295.9% 61.1% 177,874 1,294,498 1,298,114 112,581 518,628 82,710 518,000 45,258 427,447 438,012 4
Slide 25: Voluntary Savings: Market Figures
V O L U N T A R Y S AV I N G S » MARKET FIGURES ASSETS UNDER MANAGEMENT CLIENTS (Thousands) 17.3% 26.2% 46.0% 132.1% 19.9% 24.5% 7.1% 31.5% 17.2% -6.6% 13.7% 14.1% 11.9% 16.7% 37.5% 133.5% 19.9% 18.5% 32.2 1,029 25.9 902 12.2 400 428 9.7 8.0 9.4 226 283 322 5.7 6.8 172 2.4 3.5 0.1 0.3 38 45 10 9 Chi
Slide 26: Voluntary Savings: Main Figures
V O L U N T A R Y S AV I N G S » MAIN FIGURES COMMISSION INCOME NET PREMIUMS WITH SAVINGS 22.9% 11.2% 41.6% 174.0% 23.9% 15.8% 1312.8% 0.0% 18.2% 23.1% 19.6% 43.1% 164.8% 27.7% 16.1% 1312.8% 0.0% 18.5% 146,289 713,372 729,656 118,045 616,015 617,167 74,798 60,877 52,767 47,448 12,217 2,739 8,625 16,
Slide 27: Insurance Segment: Main Figures
INSURANCE SEGMENT » MAIN FIGURES TOTAL PREMIUMS ADJUSTMENTS TO RESERVES -20.4% -0.6% 0.0% -15.2% 6.9% -27.2% 15.1% 366.1% -18.3% -20.2% 0.0% -13.4% -27.0% -16.9% 23.8% 370.8% 1,228,218 1,042,085 0 0 903,988 719,890 -223,395-257,125 324,230 322,195 -614,175 0 (0) -843,275 -871,300 Chile México Perú T
Slide 28: Investor Relations Contacts
CEO: DAVID BOJANINI CFO: RICARDO JARAMILLO Gerente IR: JUAN CARLOS GOMEZ Especialista IR: ANDRES ZULUAGA E-mail: ir@gruposura.com.co Phone: (574) 3197039 www.gruposura.com.co 28
Grupo de Inversiones Suramericana — Q3 2017 Earnings Presentation on 6ix