Banco De Bogota Sa · BVC:BOGOTA
Banco De Bogota Sa — JP Morgan Global Emerging Markets Conference 2021
26 slides from Banco De Bogota Sa's conference presentation, March 2021
Slide 1: Banco de Bogota Corporate Presentation
JP Morgan - Global Emerging Markets Banco de Bogota Conference March 1st to March 3rd, 2021 Corporate Presentation The Issuers Recognition-IR granted by the Colombian Securities Exchange is not a certification about the quality of the securities listed at BVC nor the solvency of the issuer. 1
Slide 2: Disclaimer
Disclaimer Banco de Bogotá is an issuer of securities in Colombia and, as such, it is required to comply with periodic reporting requirements and corporate governance practices. As a financial institution, the Bank is subject to inspection and surveillance from Colombia’s Superintendency of Finance.
Slide 3: 2020 Non-Consolidated Financial Statements Overview
2020 Non-Consolidated Financial Statements Overview Figures in Ps Billions Var. 2020 vs 2019 2019 2020 Δ % Balance Sheet Gross Loans 1 59,192 63,294 4,102 6.9% Commercial 41,824 44,548 2,724 6.5% Consumer and Credit Cards 2 12,927 13,740 813 6.3% Mortgage 2 4,057 4,660 604 14.9% Microcredit 385 346
Slide 4: Agenda
Agenda Activity indicators signal economic recovery en-route to meet 2021 Macroeconomic growth expectations after unprecedented contraction and 1 Environment pressures on public finances on 2020, despite relevant economic activity pick-up during 4Q-20. Our strategy based on a well diversified operat
Slide 5: Context – Macro Performance Colombia
Context – Macro Performance Colombia Monthly activity indicator vs. GDP1 (YoY %) Daily activity indicators (% change2, Index 2019=100, 7-day moving average) 5% 4.5% 2019 2020 2021e 20 110 GDP (YoY%) 3.3% -6.8% 4.7% 0% -2.5% 0 105 102 -5% -3.6% -19 -9.5% -20 100 -10% -8.5% -10.1% -40 95 -15% -15.8% -
Slide 6: Context – Macro Performance Central America
Context – Macro Performance Central America GDP forecasts1 (YoY %) Activity Index2 (YoY %) 5% 2.9 0% 0.5 2021 2022 -4.7 5,0 4,9 -5% -5.4 -5.4 -10% -7.2 4,0 4,0 4,0 3,8 3,8 -15% 3,5 3,4 -15.4 3,2 3,3 -20% 2,7 2,6 -25% -30% -35% -0,5 Dec-19 Feb-20 Apr-20 Jun-20 Aug-20 Oct-20 Dec-20 Panama El Salvador
Slide 7: Agenda
Agenda Activity indicators signal economic recovery en-route to meet 2021 Macroeconomic growth expectations after unprecedented contraction and pressures 1 Environment on public finances on 2020, despite relevant economic activity pick-up during 4Q-20 Our strategy based on a well diversified operati
Slide 8: Our Business Pillars Transformation & Digitalization
Our Business Pillars Transformation & 3 Digitalization 1. Well Diversified Operation • Resilient net income • Synergies across business lines 2. Economies of Scale & Ecosystems • BdB and subsidiaries serve more than 19.7 MM active customers on 11 countries • Top 2 leader in net income market share i
Slide 9: 1. Well Diversified Operation
1. Well Diversified Operation Diversification per Business Segments Loan Diversification Figures in Ps Billions YTD YTD At 3Q-20 our Loan Portfolio reached $143.6 trillion sep-2019 sep-2020 Colombian Pesos, increasing 16.3% annually excluding FX, Banking Operation Net Income – Pre segmented as fol
Slide 10: 2. Economies of Scale & Ecosystems
2. Economies of Scale & Ecosystems Value creation for our customers is the outcome of successfully achieving our strategic goals supported on a long-term sustainable approach provided by our management team and executed by our top-tier talent. 23.6 million 4.7%* 43,832 3.5%* 1,456 5.6%* 3,950 1.4%*
Slide 11: 3. Transformation & Digitalization
3. Transformation & Digitalization Sales Channel Transformation Service Channel Transformation Total Digital Sales in Colombia (k) 1 Share of Mobile Banking App Active Users (k) digital sales BdB + BAC ∆ CAGR 162.6% 539 Colombia ∆ CAGR 37.7% 2.276 69% 399 1.628 Sales conducted 1.200 Outstanding 78 t
Slide 12: Agenda
Agenda Activity indicators signal economic recovery en-route to meet 2021 Macroeconomic growth expectations after unprecedented contraction and pressures 1 Environment on public finances on 2020, despite relevant economic activity pick-up during 4Q-20 Our strategy based on a well diversified operati
Slide 13: 2020 Third Quarter Performance Highlights
2020 Third Quarter Performance Highlights Attributable Net Income for the period was $530.5 billion pesos, which resulted in a 10.0% ROAE. Key Metrics Commentary 1.2% 10.0% • NIM steady vs 2Q-20 excluding MFG. ROAA ROAE • Fee income rebounded given higher Net Interest Margin 5.2% transactionality fo
Slide 14: Consolidated NIM
Consolidated NIM Figures in Ps. Billions Net Interest Income (Billions of COP) Growth Rate Excluding FX 3Q-19 2Q-20 3Q-20 YoY QoQ YoY QoQ Net Interest Income 1,890.5 2,098.8 2,103.6 11.3% 0.2% 4.5% 2.2% Excluding MFG 2,058.2 1,993.3 5.4% -3.2% -1.0% -1.3% Excluding MFG 6,0% 6,4% 5,8% 6.0% 5,9% 5,2%
Slide 15: Fees and Other Income
Fees and Other Income Figures in Ps. Billions Gross Fee income YoY: -5.1%; Exc. FX: -10.5% QoQ: 13.6%; Exc. FX: 15.4% Fee Income Ratio (1) 34.3% 29.3% 29.5% 1.229,7 1.167,1 2.0% 3.8% 1.027,8 2.0% 3.9% 22.7% 2.2% 3.8% 24.6% 25.3% 71.6% 69.4% 68.7% 3Q-19 2Q-20 3Q-20 Other Fiduciary activites Pension f
Slide 16: Loan Portfolio Quality – Consolidated
Loan Portfolio Quality – Consolidated 30 days PDLs / Gross Loans Cost of Risk (1) 90 days PDLs / Gross Loans Loss provision (net of recoveries of charged-off assets) / Average Loans 30 days PDLs / Gross Loans 90 days PDLs / Gross Loans Loss provision / Average Loans 4,8% 3,5% 4,4% 3,9% 3,0% 3,0% 3,4
Slide 17: Efficiency
Efficiency Figures in Ps. Billions Efficiency (Billions of COP) Growth Rate Exc. FX & MFG 3Q-19 2Q-20 3Q-20 YoY QoQ YoY QoQ Total Operating Expenses 1,807.3 1,864.7 1,851.9 2.5% -0.7% -9.4% -1.7% Total Income 3,558.0 3,510.3 3,911.6 9.9% 11.4% 17.8% 5.5% Cost to income (1) Cost to Assets (2) Excludi
Slide 18: Profitability
Profitability Net Income attributable to controlling interest Figures in Ps. Billions 622,8 530,5 387,8 3Q-19 2Q-20 3Q-20 ROAA 1 1,7% 0,9% 1,2% 3Q-19 2Q-20 3Q-20 ROAE 2 12,7% 7,5% 10,0% 3Q-19 2Q-20 3Q-20 (1) ROAA for each quarter is calculated as annualized Net Income divided by average of total ass
Slide 19: Equity and Capital Adequacy
Equity and Capital Adequacy Figures in Ps. Trillions Attributable Equity + Minority Interest Tangible Common Equity YoY: 9.1% / QoQ 3.3% YoY: 5.0% / QoQ 4.9% 21,3 22,5 23,3 1,2 1,6 1,5 20,1 20,9 21,7 13,2 13,2 13,8 3Q-19 2Q-20 3Q-20 3Q-19 2Q-20 3Q-20 Total Equity Shareholders' Equity Non-controlling
Slide 20: Support Banco de Bogotá – Institutional Investor 2021 LATAM Executive Team Survey
Support Banco de Bogotá – Institutional Investor 2021 LATAM Executive Team Survey Banco de Bogotá prioritizes open communication with investors and research analysts, as we believe access to information and performance insights is key to support informed investment decisions and fairer stock valuati
Slide 21: Appendix
APPENDIX AVAL
Slide 22: Business Overview
Business Overview ✓ Founded in 1870, Banco de Bogotá is Colombia’s oldest financial institution and Banco de Bogotá’s Structure the principal subsidiary of Grupo Aval, the leading financial group in Colombia. Main Subsidiaries Associated ✓ Universal bank with a strong presence in the commercial and
Slide 23: Milestones in Banco de Bogotá's Evolution
Milestones in Banco de Bogotá’s Evolution 1870 – 1987 1870 – Banco de Bogotá starts 1924-1928 - Merger with 1967 - 1980 – Opening of branches 1987 – Banco de Bogotá is operations on November 15 as a different regional Banks and Subsidiaries abroad (Panama, acquired by Sarmiento financial institution
Slide 24: Banco de Bogotá has important investments in subsidiaries in Colombia and abroad
Banco de Bogotá has important investments in subsidiaries in Colombia and abroad Universal Bank with a wide portfolio of products and services. Presence all across Colombia. Agencies in Miami, New York and Panama. 1/ President: Alejandro Figueroa Jaramillo 100.0% Central American Financial Group wit
Slide 25: Consolidated results confirm Banco de Bogotá's financial strength
Consolidated results confirm Banco de Bogotá’s financial strength Financial Highlights Main Ratios Variation (US$ Billions) 3Q-2019 3Q-2020 2020 vs 2019 3Q-2019 3Q-2020 Total Assets 44.8 56.9 26.9% Delinquency Ratio 1 4.4% 4.8% Total Net Loans 29.5 35.8 21.2% Loan Coverage 2 1.11x 0.97x Total Net In
Slide 26: Banco de Bogota
Banco de Bogota G
Banco de Bogotá — JP Morgan Global Emerging Markets Conference 2021 on 6ix