Banco Davivienda SA · BVC:PFDAVVNDA
Banco Davivienda SA — Q3 2019 Earnings Presentation
17 slides from Banco Davivienda SA's earnings presentation, November 2019
Slide 1: Consolidated Financial Results 3Q19
Consolidated Financial Results 2 3Q19
Slide 2: Disclaimer
The information presented here is exclusively for informative and illustrative purposes. It is not, nor does it pretend to be a source of legal or financial consultation regarding any issue. The financial information and projections presented are based on information and calculations carried out int
Slide 3: Macroeconomic Aspects Colombia
Macroeconomic Aspects Colombia Gross Domestic Product (Annual variation) System Loans (Annual variation) Source: Colombian Central Bank. *Includes securitized mortgage loans. Source: National Department of Statistics (DANE) - ISE. *Original series. Exchange Rate and Oil Prices Davivienda PMI Source:
Slide 4: Macroeconomic Aspects Central America
Macroeconomic Aspects Central America Gross Domestic Product (Annual var) Inflation (Annual var) Exchange Rate Monetary Policy Rate Source: Central American Banks 4 Source: Bloomberg 4
Slide 5: Main Results 3Q19
Main Results 3Q19 $344 Billion Quarterly NIM 6.55% Q/Q: -4.8% Y/Y : 19.1% Q/Q: 2bps Y/Y: 1bps Net Profit Cost-to- $1,099 Billion Accumulated 45.8% Y/Y: 7.3% Income Q/Q: -20bps Y/Y: -71 bps $ 97.0 Trillion Capital Total: 11.15% Gross Adequacy Q/Q: -76 pbs Y/Y: -112 bps Loans Q/Q: 6.3% Y/Y: 15.9% Rati
Slide 6: Digital Transformation - Products
Digital Transformation - Products Product Sales Award from: (Figures in thousands of products) Y/Y Traditional Channels Digital As the most active Bank in Channels their fintech ecosystem. 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 Total Deposits¹ Digital Products Total Loans² Number of products (Thousands)
Slide 7: Digital Transformation - Channels
Digital Transformation - Channels Transactional mix1 Branches Evolution2 (Millions of monetary Transactions) Y/Y (Number of branches) 16% 25% - 9% 753 -1% 749 747 739 737 725 10% 685 22% 25% 9M17 9M18 9M19 2013 2014 2015 2016 2017 2018 Sep. 19 Digital POS ATM Branch Other 1. Transactional compositio
Slide 8: Customers and Payment Method
# Customers Payment Method Y/Y (Million) 25% 89% API PSE3 QR 2% Digital Credit Card dec.-16 dec.-17 dec.-18 sep.-19 SIM APP +300 K Issued cards Companies (Thousand) Y/Y 57% +560 K Processed purchases Accepted in local and dec.-16 dec.-17 dec.-18 sep.-19 international e-commerce. 1.Clients using Davi
Slide 9: Assets
Assets 3Q19/2Q19 3Q19/3Q18 Cash (9.4%) 2.4% Net Investments 4.8% 23.6% Gross loans 6.3% 15.9% Loan Loss reserves 8.7% 30.1% Others (1.6%) 32.9% Assets 4.1% 15.8% Assets Sep. 18 Jun. 18 Sep. 19 3Q19/2Q19 3Q19/3Q18 Colombia 81.2 89.6 92.0 2.7% 13.4% COP 24.2 27.5 29.8 8.6% 23.1% International USD1 8.2
Slide 10: Gross Loans
Gross Loans 3Q19/2Q19 3Q19/3Q18 Mortgage 5.1% 14.6% Consumer 12.4% 24.5% Commercial 3.6% 12.2% Gross Loans 6.3% 15.9% Gross Loans Sep. 18 Jun 19 Sep. 19 3Q19/2Q19 3Q19/3Q18 Colombia 67.3 73.0 76.8 5.3% 14.2% COP 16.4 18.3 20,2 10.0% 23.3% International USD¹ 5.5 5.7 5,8 1.4% 5.3% Figures in COP trill
Slide 11: PDL and Coverage (%)
PDL and Coverage (%) PDL1 > 90 days Portfolio 3Q18 2Q19 3Q19 Commercial 4.73% 4.22% 4.57% Consumer 2.51% 2.35% 2.24% Mortgage 3.89% 4.02% 4.05% Subtotal (90) 3.96% 3.68% 3.81% Mortgage2 (120) 2.96% 3.17% 3.17% Total3 (120) 3.74% 3.48% 3.60% Cost of Risk4 Ratio 3Q18 2Q19 3Q19 Total 2.48% 2.46% 2.45%
Slide 12: Funding Sources
Funding Sources 3Q19/2Q19 3Q19/3Q18 Demand Deposits 1.4% 18.6% Term Deposits 5.3% 9.8% Bonds 14.2% 28.6% Credits 7.5% 12.5% Funding Sources 5.1% 15.6% Gross Loans / Funding Sources 96.3% 95.5% 96.5% Funding Sources Sep. 18 Jun. 19 Sep. 19 3Q19/2Q19 3Q19/3Q18 Colombia 66.2 72.6 75.6 4.1% 14.1% COP 20
Slide 13: Capital Structure
Capital Structure Capital Adequacy Ratios Equity (COP Trillion) Minimum Required 9.0% 4.5% Δ Sep.19/Sep.19 13.3% Δ Sep.19/Jun.19 4.5% 13 13
Slide 14: Net Financial Margin
Net Financial Margin QUARTER ACCUMULATED Ratio Sep.18 Jun.19 Sep.19 NIM 1 6.53% 6.52% 6.55% Cost of 2.48% 2.46% 2.45% Risk 2 3Q18 2Q19 3Q19 Sep. 18 Sep. 19 3Q19 3Q19/2Q19 3Q19/3Q18 Sep.19 Sep.19/Sep.18 $ % % $ % 2,494 5.2 14.8 Loan Income 7,247 9.9 223 (6.9) 51.3 Investment Income + Interbank 728 50
Slide 15: Expenses
Expenses QUARTER ACCUMULATED Sep. 18 Jun.19 Sep.19 Cost-to-income 2 46.5% 46.0% 45.8% 3Q18 2Q19 3Q19 Sep. 18 Sep. 19 3Q19 3Q19/2Q19 3Q19/3Q18 Sep. 19 Sep. 19/Sep.18 $ % % $ % 374 (0.5) 8.3 Personnel Expenses 1,127 3.5 387 10.2 7.0 Operating Expenses 1,061 1.7 172 4.2 39.8 Other Expenses1 504 39.3 93
Slide 16: Net Income
Net Income QUARTER ACCUMULATED Sep. 18 Jun.19 Sep.19 ROAE1 13.0% 12.6% 12.7% ROAA2 1.4% 1.3% 1.3% 3Q18 2Q19 3Q19 Sep.18 Sep.19 3Q19 3Q19/2Q19 3Q19/3Q18 Sep.19 Sep.19/Sep.18 $ % % $ % 1,016 2.0 12.4 Financial Margin, Net 3,127 9.1 344 (3.3) 8.3 Operating Income 1,019 5.1 933 4.6 12.4 Operating Expens
Slide 17: Investor Relations and Capital Management
Investor Relations and Capital Management ir@davivienda.com + (57 1) 220 3495 www.davivienda.com Bogotá - Colombia