Grupo Aval Acciones Y Valores Sa · BVC:GRUPOAVAL
Grupo Aval Acciones Y Valores Sa — Q4 2021 Earnings Presentation
23 slides from Grupo Aval Acciones Y Valores Sa's earnings presentation, Mar 18, 2022
Slide 1: Slide 1
Slide 2: Debt service coverage and leverage ratios
Debt service coverage and leverage ratios 4Q20 3Q21 4Q21 D 4Q21 vs. 3Q21 4Q21 vs. 4Q20 As of December 31 st , 2021 our combined double leverage (calculated as investments in subsidiaries at book value, subordinated loans to subsidiaries and goodwill as a percentage of shareholders' equity) was 1.18x
Slide 3: 4Q21 and FY2021 Consolidated Earnings Results IFRS
1 4Q21 and FY2021 Consolidated Earnings Results IFRS
Slide 4: Disclaimer
2 Disclaimer Grupo Aval Acciones y Valores S . A . (“Grupo Aval”) is an issuer of securities in Colombia and in the United States .. As such, it is subject to compliance with securities regulation in Colombia and applicable U . S . securities regulation . Grupo Aval is also subject to the inspection
Slide 5: Consolidated key results for the year
3 Consolidated key results for the year Gross loans e xcludes interbank and overnight funds. PDLs 90+ defined as loans more than 90 days past due. Cost of Risk c alculated as Impairment loss on loans and other accounts receivable net of recoveries of charged - off assets divided by average gross loa
Slide 6: Key results per region for the year
4 Key results per region for the year ( 1 ) Central American refers to BAC Holding International Corporation (“BHI” formerly Leasing Bogotá Panamá S . A . ) and Multi Financial Group, Inc “MFG” operations expressed in Colombian Pesos, at the exchange rate of each period . ( 2 ) Attributable net inco
Slide 7: Macroeconomic context - Colombia (1|2)
5 2.1 2.1 1.6 2.6 1.3 1.5 1.3 1.2 2.3 2.1 2.8 3.0 2.9 3.5 3.0 3.3 0.4 - 16.5 - 8.6 - 3.4 2.1 17.5 13.3 10.7 I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV 2016 2017 2018 2019 2020 2021 2.1 1.4 2.6 3.2 -7.0 10.6 (5.3%) (7.0%) (9%) (7%) (5%) (3%) (1%) 1% Trade balance Current
Slide 8: Macroeconomic context - Colombia (2|2)
6 (4.0) (3.6) (3.1) (2.5) (7.8) (7.1) (6.2) (4.7) (3.8) (3.1) (2.8) (2.5) (2.6) 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Real fiscal deficit Projected fiscal deficit (Jun - 2021) 2022 Financial Plan (Feb - 2022) 9.2% 9.4% 9.7% 10.5% 16.1% 13.7% 10.0% 10.6% 10.8% 11.2% 18.4% 1
Slide 9: Macroeconomic context – Central America
7 90 100 110 120 130 Dec-18 Jun-19 Dec-19 Jun-20 Dec-20 Jun-21 Dec-21 Colón Quetzal Lempira Córdoba TRM 124.9 100.6 109.1 99.9 105.9 0% 1% 2% 3% 4% 5% 6% 7% Dec-18 Jun-19 Dec-19 Jun-20 Dec-20 Jun-21 Dec-21 Costa Rica Guatemala Honduras 3.00% 1.25% 1.75% (3%) (1%) 1% 3% 5% 7% Dec-18 Jun-19 Dec-19 Jun
Slide 10: Digital strategy
8 Digital strategy 1. In Colombia digital sales ratio is calculated considering only the sales of retail products for which a digitalized soluti on has been developed. In Central America the ratio considers only core products.
Slide 11: ESG Highlights
9 ESG Highlights Corporate Governance & Risk Management Corporate Efficiencies Economic Impact Social & Environmental Human Capital ESRA implementation in some of our subisidiaries We adhered to the United Nations Global Compact We built our Corporate Diversity and Inclusion policy Banco de Bogotá,
Slide 12: BAC Spin-off
10 BAC Spin - off Pre - transaction Post - transaction Main Steps Filing to SFC for BHI listing International consent Filing to SFC for BAC Spin - off Bondholder assembly BHI/ NewCo BdeB / NewCo Aval Merger * MFG Spin - off BdeB and Aval Spin - off* BHI listing Expected closing 1Q22 Transaction Stru
Slide 13: Assets breakdown
11 Net loans and leases Fixed income investments Unconsolidated equity investments Other Assets Assets Breakdown (%) Total Assets Exc. FX = Growth excluding FX movement of Central American Operations (1) Net loans and leases include interbank and overnight funds (2) Foreign operations reflect Centra
Slide 14: Loans and receivables
12 Loans and receivables Gross loans Gross loans Breakdown % Growth excluding FX movement of Central American Operations Exc. FX = Growth excluding FX movement of Central American Operations 201.8 219.0 228.4 4Q20 3Q21 4Q21 9.9 16.8 5.0 10.6 3.6 5.1 2.1 3.4 18.6 - 14.7 8.4 - 14.7 5.2 - 3.1 2.5 - 3.1
Slide 15: Loan portfolio quality
13 Loan portfolio quality Charge offs / Average 90+ PDLs Cost of Risk Quality Coverage 4.90% 4.40% 4.04% 3.56% 3.10% 2.90% 30 days PDLs / Gross loans 90 days PDLs / Gross loans 3.71% 1.74% 2.06% 3.51% 1.51% 1.80% Impairment loss / Average gross loans Impairment loss, net / Average gross loans 1.52x
Slide 16: Loan portfolio quality: days past due formation
14 Loan portfolio quality 30 days past due formation 90 days past due formation (1) (2) 30 days past due loans 90 days past due loans Loans and coverage by Stages (%) (1) Past Due Loans + 30 / Total Loans including interest accounts receivable (2) Past Due Loans + 90 / Total Loans including interest
Slide 17: Funding and deposits
15 270.5 295.6 307.8 4Q20 3Q21 4Q21 Deposits Banks and others Bonds issued Interbank borrowings Funding composition (%) 4Q20 3Q21 4Q21 9.9 76.2 8.4 76.2 8.8 78.3 3.5 10.5 5.1 10.4 2.7 10.3 Q/Q% = 4.1%; (Exc. Fx = 2.5%) Y/Y% = 13.8%; (Exc. Fx = 7.7%) 16.1% 15.9% 15.6% 4Q20 3Q21 4Q21 1.08x 1.07x 1.06x
Slide 18: Capital and capital adequacy
16 4Q20 B II 3Q21 B III 4Q21 B III 4Q20 B II 3Q21 B III 4Q21 B III 4Q20 B II 3Q21 B III 4Q21 B III 4Q20 B II 3Q21 B III 4Q21 B III Primary capital (Tier 1) 8.9 11.1 11.5 8.7 9.3 11.1 8.7 11.8 13.5 10.7 12.7 12.3 Solvency Ratio 12.1 13.5 13.5 10.6 11.7 12.3 10.5 13.5 14.5 12.0 13.3 12.9 20.7 22.3 23.
Slide 19: Net interest margin and net interest income
17 5.29% 4.93% 4.81% 4Q20 3Q21 4Q21 2.51% 2.37% 2.56% Cost of funds NIM – Net Interest Margin Net Interest Margin (1) Loans Interest Margin (2) Net Investments Margin (3) Net Interest Income (1) (Trillions) (1) Net Interest Income and Net Interest Margin: Includes net interest income plus net tradin
Slide 20: Fees and other operating income
18 Fees and other operating income Gross fee income Other operating income Non - financial sector (1) (1) Net income from sales of goods and services (2) Reflects net NFS from Nexa BPO, Megalinea and Aportes en L ínea call - centers and other subsidiaries (2) (2) Exc. FX = Growth excluding FX moveme
Slide 21: Efficiency ratios
19 3.4% 3.3% 3.6% 4Q20 3Q21 4Q21 FY20 3.4% FY21 3.3% Efficiency ratios Cost to income efficiency ratio is calculated as total other expenses divided by net interest income plus net income from commissions and fees, net income from sales of goods and services, net trading income, net income from othe
Slide 22: Profitability
20 635.1 779.7 776.8 4Q20 3Q21 4Q21 $34.9 $35.0 $28.5 Profitability Figures in Ps. Billions Net income attributable to controlling interest ROAA (1) ROAE (2) (1) ROAA for each quarter is calculated as annualized Net Income divided by average of total assets. (2) ROAE for each quarter is calculated a
Slide 23: Signature
21 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: March 17, 2022 GRUPO AVAL ACCIONES Y VALORES S.A. By: /s/ Jorge Adrián Rincón Plata Name: Jorge
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