Gentera SAB de CV · BMV:GENTERA
Gentera SAB de CV — Q4 2020 Earnings Presentation
45 slides from Gentera SAB de CV's earnings presentation, 2021
Slide 1: Corporate Presentation 4Q20
Corporate Presentation 4Q20 El contenido de esta comunicación es confidencial para uso exclusivo del destinatario, por lo que se prohíbe su divulgación total o parcial a cualquier tercero no autorizado.
Slide 2: Disclaimer
Disclaimer This presentation is not an offer to sell, or a solicitation of an offer to buy any interest in any security or investment product. Such offer or solicitation may only be made by means of delivery of an offering memorandum, which will contain a description of the material terms (including
Slide 3: Index
Index 1. About Gentera 4 a) Sense of Purpose b) Social Impact c) Corporate structure d) History e) Highlights 2Q20 f) Gentera´s strategies through the pandemic g) Corporate Governance h) Products and potential market i) Yastás and Aterna 2. Growth & profitability 22 a) Clients b) Portfolio and NPL´s
Slide 4: About Gentera
About Gentera El contenido de esta comunicación es confidencial para uso exclusivo del destinatario, por lo que se prohíbe su divulgación total o parcial a cualquier tercero no autorizado.
Slide 5: Aiming to fulfill our clients' dreams
Aiming to fulfill our clients' dreams We boost the dreams of our clients by attending their financial needs with human sense. For more than 30 years, we have worked to bring opportunities that Our Values promote their development and that of their communities. We generate shared value through three
Slide 6: Generating Social Impact in 30 years of History
Generating Social Impact in 30 years of History • Three decades serving three generations of popular segments with a human sense, mostly women. • We have been the gateway for more than 13 million people to the financial system. • More than 100,000 people have joined our purpose, today we are more th
Slide 7: Corporate structure with the purpose of serving more clients
Corporate structure with the purpose of serving more clients • Compartamos (Mexico-Peru-Guatemala).- Leader in financial solutions for the sub-served segment. • Yastás (Mexico).- Correspondent network manager. • Aterna (Mexico-Peru-Guatemala).- Leading agent in microinsurance. • Fiinlab: Financial i
Slide 8: Our history, more than 30 years of evolution
Our history, more than 30 years of evolution MAJORITY STAKE IN CONCRÉDITO 2020 3 MILLION CLIENTS 3,876,775 4Q20* clients El contenido de esta*3,001,092 credit comunicación clients and 875,683 es confidencial para usoclients from exclusivo ConCrédito, del savings, destinatario, por lo remittances and
Slide 9: Highlights 4Q20
Highlights 4Q20 In México, Banco Compartamos, reached a microcredit loan portfolio at Total Clients reached +3.8 $22,093 million pesos. million, a +2.5% growth compared to 4Q19. In Peru, the portfolio grew +5.9% compared to 4Q19. Net Income reached $291 million pesos in 4Q20. Red Yastás at the end o
Slide 10: Gentera´s strategies through the pandemic
Gentera´s strategies through the pandemic Due to the health contingency that we are experiencing, we have taken measures with our clients, which we divide into 3 phases: 1 Maintain our customer base (End of Mar20 - Jun20): Implementation of programs that allowed customers to defer their principal an
Slide 11: Best practices in Corporate Governance
Best practices in Corporate Governance Board of Directors (11 members) Code 7 Independet Board Code of Good Corporate members Governance, which contains the regulations of the Board of Directors 4 Related Board members Code of Ethics and Conduct of utmost importance for Gentera, which applies to cou
Slide 12: Potential market for working capital loans
Potential market for working capital loans Mexico Peru Guatemala El contenido de esta comunicación es confidencial para uso exclusivo del destinatario, por lo que se prohíbe su divulgación total o parcial a cualquier tercero no autorizado. 12
Slide 13: Group loans – Compartamos Banco
Group loans – Compartamos Banco CM Crédito Mujer General Characteristics: • Loan size • Contribution to loan portfolio Ps. 5,000 to Ps. 70,000 61.5% › Group loan for working capital purposes • Average ticket • Contribution to number of clients › Groups of 10 to 50 women Ps. 9,270 67.4% › Group guara
Slide 14: Individual loans – Compartamos Banco
Individual loans – Compartamos Banco CI Personal loans General Characteristics: • Loan size • Contribution to loan portfolio Ps. 20,000 to Ps. 200,000 13.3% › Working capital loan • Average ticket • Contribution to number of clients › Fixed assets and investments Ps. 25,869 5.2% › Mainly in urban ar
Slide 15: Other loans – Compartamos Banco
Other loans – Compartamos Banco Improvement loans for CM, CCR and CI General Characteristics: • Loan size • Maturity CM: Ps. 8,000 to Ps. 30,000 6 to 24 months CCR: Ps. 8,000 to Ps. 30,000 › Personal credit to maintain or improve the client's CI: Ps. 5,000 to Ps. 50,000 • Contribution to loan portfo
Slide 16: Evolution in group and individual loans methodologies (2017-4Q20)
Evolution in group and individual loans methodologies (2017-4Q20) BANCO COMPARTAMOS, S.A. I.B.M. 1.1% 1.2% Dec-20 61.5% 18.50% 4.5% 13.3% 1.7% 1.7% Dec-19 57.3% 19.7% 7.4% 12.2% 1.8% 1.9% Dec-18 56.4% 19.6% 8.3% 12.0% 2.1% 2.1% Dec-17 52.3% 21.1% 10.3% 12.1% C. Mujer C. Comerciante C. Crece y Mejora
Slide 17: Market distribution per subsidiary
Market distribution per subsidiary % Total loan portfolio and average ticket Credit Clients per subsidiary Ps 6,870 Ps 52,384 3,001,092 Clients Ps 10,157 Ps 23,055 The 3 markets where we are present have an opportunity to serve more clients in D and C segment. El contenido de esta comunicación es co
Slide 18: Yastás (correspondent network manager)
Yastás (correspondent network manager) • Presence in 32 Mexican States • As of 4Q20 reached more than 4,900 affiliates. • Executed approximately 5.8 million operations during the quarter; out of those 1.49 million were financial transactions. • Around 60 services affiliated to Yastas platform, and m
Slide 19: Aterna (microinsurance broker)
Aterna (microinsurance broker) Products: Life: Aterna offers life insurance products to provide security to our customers and their families. 4Q20 Health and Accidents: Trough this coverage Active Policies 6.9 million Aterna seeks to avoid a destabilization in the economy of our customers due to a d
Slide 20: ConCrédito
ConCrédito Products ValeDinero CrediTienda • Maturity: 1 to 18 biweeks • Maturity: 6 to 16 biweeks • Loan Size: Ps. 500 to Ps. 8,000 • Apps Users: 701,000 • Clients per Distributor: ~12 • Product Offer: ~9,500 • Av. Ticket Distributors: Ps. 52,384* • Portfolio: Ps. 316.9 million** • Portfolio: Ps. 2
Slide 21: ConCrédito
ConCrédito 530,656 22 States Final Users Distributors 95 Service Offices % 42,917 $2,248 mdp 1,580 Portfolio Employees 6.92% 81 % NPL $52,384 ~9,500 Av. Ticket* Product Offer CrediTienda *Average Ticket. El contenido de esta comunicación Figures es confidencial are expressed in Mexican para Pesosuso
Slide 22: Growth and profitability
Growth and profitability El contenido de esta comunicación es confidencial para uso exclusivo del destinatario, por lo que se prohíbe su divulgación total o parcial a cualquier tercero no autorizado.
Slide 23: Summary
Summary % Change % Change % Change 4Q20 4Q19 3Q20 2020 2019 4Q19 3Q20 2019 Clients (1 ) 3,876,775 3,781,120 4,053,574 2.5% -4.4% 3,876,775 3,781,120 2.5% Portfolio* 40,689 41,692 40,824 -2.4% -0.3% 40,689 41,692 -2.4% Net Income* 291 803 (1,983) -63.8% N/C (1,635) 3,309 -149.4% NPLs / Total Portfoli
Slide 24: Total Portfolio – NPL %
Total Portfolio – NPL % Gentera (Ps. million) Mexico - Banco (Ps. million) Peru (Ps. million) Guatemala (Ps. million) El contenido de esta comunicación es confidencial para uso exclusivo del destinatario, por lo que se prohíbe su divulgación total o parcial a cualquier tercero no autorizado. 24
Slide 25: NIM (%) after provisions
NIM (%) after provisions Gentera Mexico - Banco Peru Guatemala El contenido de esta comunicación es confidencial para uso exclusivo del destinatario, por lo que se prohíbe su divulgación total o parcial a cualquier tercero no autorizado. 25
Slide 26: ROAA & ROAE evolution
ROAA & ROAE evolution Gentera ROAE Gentera ROAA El contenido de esta comunicación es confidencial para uso exclusivo del destinatario, por lo que se prohíbe su divulgación total o parcial a cualquier tercero no autorizado. 26
Slide 27: Assets - ROAA
Assets - ROAA Gentera Mexico - Banco Peru Guatemala El contenido de esta comunicación es confidencial para uso exclusivo del destinatario, por lo que se prohíbe su divulgación total o parcial a cualquier tercero no autorizado. 27 *Assets in Ps. Million
Slide 28: Equity - ROAE
Equity - ROAE Gentera Mexico - Banco Peru Guatemala El contenido de esta comunicación es confidencial para uso exclusivo del destinatario, por lo que se prohíbe su divulgación total o parcial a cualquier tercero no autorizado. 28 *Equity in Ps. million
Slide 29: Financial Information 4Q20
Financial Information 4Q20 El contenido de esta comunicación es confidencial para uso exclusivo del destinatario, por lo que se prohíbe su divulgación total o parcial a cualquier tercero no autorizado.
Slide 30: Balance Sheet
Balance Sheet % Change % Change 4Q20 4Q19 3Q20 4Q19 3Q20 Cash and other investments 18,481 7,710 139.7% 24,188 -23.6% Total performing loans 38,480 40,529 -5.1% 37,991 1.3% Non-performing loans 2,209 1,163 89.9% 2,833 -22.0% Total loan portfolio 40,689 41,692 -2.4% 40,824 -0.3% Allowance for loan lo
Slide 31: Income Statement
Income Statement % Change % Change % Change 4Q20 4Q19 3Q20 2020 2019 4Q19 3Q20 2019 Interest income 4,900 6,006 -18.4% 4,123 18.8% 19,352 22,809 -15.2% Interest expense 585 505 15.8% 641 -8.7% 2,302 2,076 10.9% Net Interest Income 4,315 5,501 -21.6% 3,482 23.9% 17,050 20,733 -17.8% Provisions for lo
Slide 32: NPLs per subsidiary
NPLs per subsidiary NPL´s per methodology and subsidiaries 4Q20 4Q19 3Q20 NPL NPL NPL Write- PRODUCT Portfolio NPL Write- Offs Portfolio NPL Write- Offs Portfolio NPL Ratio Ratio Ratio Offs C. Mujer 13,583 619 4.56% 1,169 15,064 338 2.24% 222 12,247 978 7.98% 285 C. Comerciante 4,082 340 8.34% 708 5
Slide 33: Summary
Summary Banco Compartamos S.A. I.B.M. National Scale Global Scale Fitch Ratings ‘AA(mex) / F1+(mex)’ BB+ / B Standard & Poor’s ‘mxAA / mxA-1+’ BB+ / B’ % Change % Change % Change 4Q20 4Q19 3Q20 2020 2019 4Q19 3Q20 2019 Clients 2,175,142 2,659,192 2,297,063 -18.2% -5.3% 2,175,142 2,659,192 -18.2% Por
Slide 34: Balance Sheet
Balance Sheet % Change % Change 4Q20 4Q19 3Q20 4Q19 3Q20 Cash and other investments 10,486 3,593 191.8% 15,461 -32.2% Related parties 1,060 250 324.0% 1,060 0.0% Total performing loans 20,846 25,430 -18.0% 18,731 11.3% Non-performing loans 1,247 838 48.8% 2,062 -39.5% Total loan portfolio 23,153 26,
Slide 35: Income Statement
Income Statement % Change % Change % Change 4Q20 4Q19 3Q20 2020 2019 4Q19 3Q20 2019 Interest income 3,403 4,606 -26.1% 2,985 14.0% 14,215 17,669 -19.5% Interest expense 348 333 4.5% 393 -11.5% 1,415 1,406 0.6% Net Interest Income 3,055 4,273 -28.5% 2,592 17.9% 12,800 16,263 -21.3% Provisions for loa
Slide 36: Funding structure
Funding structure Cost of funds 4Q20 5.5% Debt profile excluding clients deposits Year Maturity % 2021 450 2% 2022 5,243 24% 2023 5,146 24% 2024 5,184 24% 2025 5,648 26% Total 21,671 100% Compartamos Banco has a diversified funding structure and a very solid debt profile El contenido de esta comunic
Slide 37: Allowance for loan losses
Allowance for loan losses 4Q20 4Q19 3Q20 Risk %Allowance Balance Allowance %Allowance Balance Allowance %Allowance Balance Allowance A-1 1.2% 15,483 190 1.1% 17,594 202 1.2% 12,203 150 A-2 1.9% 1,841 35 2.4% 1,377 33 2.6% 522 14 B-1 3.4% 98 3 3.4% 235 8 2.0% 1,184 24 B-2 4.1% 1,464 60 4.1% 1,703 70
Slide 38: Summary
Summary Compartamos Financiera (Peru) % Change % Change % Change Summary 4Q20 4Q19 3Q20 2020 2019 4Q19 3Q20 2019 Clients 677,678 721,754 692,738 -6.1% -2.2% 677,678 721,754 -6.1% Portfolio * 15,623.8 14,753.7 16,901.4 5.9% -7.6% 15,623.8 14,753.7 5.9% Net Income * (102.6) 118.9 (148.3) -186.3% -30.8
Slide 39: Balance Sheet
Balance Sheet % Change % Change 4Q20 4Q19 3Q20 4Q19 3Q20 Cash and other investments 4,673.8 2,323.9 101.1% 6,313.5 -26.0% Total performing loans 14,907.6 14,456.6 3.1% 16,349.4 -8.8% Non-performing loans 716.3 297.1 141.1% 552.0 29.8% Total loan portfolio 15,623.8 14,753.7 5.9% 16,901.4 -7.6% Allowa
Slide 40: Income Statement
Income Statement % Change % Change % Change 4Q20 4Q19 3Q20 2020 2019 4Q19 3Q20 2019 Interest income 1,068.1 1,229.4 -13.1% 989.4 8.0% 4,274.7 4,496.8 -4.9% Interest expense 185.6 164.1 13.1% 217.8 -14.8% 798.7 634.1 26.0% Net interest income 882.5 1,065.3 -17.2% 771.6 14.4% 3,476.1 3,862.7 -10.0% Pr
Slide 41: Funding structure
Funding structure Cost of funds 4Q20 4.3% El contenido de esta comunicación es confidencial para uso exclusivo del destinatario, por lo que se prohíbe su divulgación total o parcial a cualquier tercero no autorizado. 41
Slide 42: Summary
Summary Compartamos S.A. (Guatemala) % Change % Change % Change Summary 4Q20 4Q19 3Q20 2020 2019 4Q19 3Q20 2019 Clients 105,355 105,753 103,248 -0.4% 2.0% 105,355 105,753 -0.4% Portfolio * 723.7 669.8 730.3 8.0% -0.9% 723.7 669.8 8.0% Net Income * (20.3) 11.8 (93.7) -272.6% -78.3% (232.8) 55.6 -518.
Slide 43: ConCrédito
ConCrédito • ConCrédito is a Mexican company with more than 13 years of experience in granting credits. The company is integrated by Fin Útil, S.A. de C.V. SOFOM, E.N.R., Comfu, ConCrédito 4T20 3T20 S.A. de C.V. and Talento ConCrédito S.A. de C.V. Clients 42,917 41,534 ConCrédito has presence in 22
Slide 44: Balance Sheet and Income Statement
Balance Sheet and Income Statement % Var 4T20 3T20 3T20 Cash and other investments 1,314.9 1,202.2 9.4% Total performing loans 2,092.6 2,223.6 -5.9% Non-performing loans 155.6 176.1 -11.6% Total loan portfolio 2,248.2 2,399.7 -6.3% Ago - Dic Allowance for loan losses 227.8 212.0 7.5% 4T20 3T20 Loan
Slide 45: Investor Relations contacts
Enrique Barrera Flores enbarrera@gentera.com.mx Investor Relations Officer (55) 5276 7250 ext.7379 Brenda García Cárdenas bregarcia@gentera.com.mx Investor Relations (55) 5276 7250 ext. 6819 Daniela Galicia Cabrera sgalicia@gentera.com.mx Investor Relations (55) 5276 7250 ext. 7507 El contenido de e