Grupo Aval Acciones Y Valores Sa · BVC:GRUPOAVAL
Grupo Aval Acciones Y Valores Sa — Q3 2014 Earnings Presentation
18 slides from Grupo Aval Acciones Y Valores Sa's earnings presentation, Nov 24, 2014
Slide 1: 3Q14 Consolidated Earnings Results Colombian Banking GAAP
GRAPHIC OMMITTED November 2014 3Q14 Consolidated Earnings Results Colombian Banking GAAP
Slide 2: Disclaimer
Disclaimer Grupo Aval Acciones y Valores S.A. ("Grupo Aval") is an issuer of securities registered in Colombia with the National Registry of Shares and Issuers (Registro Nacional de Valores y Emisores) and in the United States of America with the United States Securities and Exchange Commission. Acc
Slide 3: Highlights
Highlights Grupo Aval financials for 3Q14 show strong results of our banking operations with: []Strong loan growth (18.5% YoY and 3.2% QoQ) with a better than market quality of loan portfolio; []Constant and low cost of funding structure with deposits representing 78% of total funding and checking a
Slide 4: Macroeconomic fundamentals
Macroeconomic fundamentals Strong GDP Growth GRAPHIC OMMITTED Exchange rate GRAPHIC OMMITTED Inflation vs. Nominal Interest Rates GRAPHIC OMMITTED * Strong GDP growth expected for 2014 and 2015. * Stable intervention rate at 4.50% with DTF rate of 4.41% for the week of November 17 to November 22 of
Slide 5: Assets
Assets Figures in Ps. Trillions Total Assets GRAPHIC OMMITTED Assets Breakdown GRAPHIC OMMITTED (1) Includes Ps. 6.7 trillion of assets acquired in Central America. Growth excluding acquisitions would have been 16.0% vs.3Q13. (2) Foreign operations reflect Central American operations. 5
Slide 6: Loans
Loans Figures in Ps. Trillions Gross loans GRAPHIC OMMITTED Gross loans Breakdown GRAPHIC OMMITTED (1) Includes Ps. 4.7 trillion of loans acquired in Central America. Growth excluding acquisitions would have been 13.2% vs.3Q13. 6
Slide 7: Loan portfolio quality
Loan portfolio quality GRAPHIC OMMITTED (1) NPL defined as microcredit loans more than 30 days past due, consumer, mortgage and financial leases more than 60 days past due and commercial loans more than 90 days past due. 7 Balance sheet ratios are calculated with end of period figures.
Slide 8: Loan portfolio quality -- Grupo Aval
Loan portfolio quality -- GRUPO AVAL Portfolio Composition ------------------------- 3Q14 Commercial 56.2% Consumer 29.2% Mortgages 7.4% Financial Leases 6.9% Microcredit 0.3% -------- Total Loans 100.0% -------- Past Due Loans (1) ===== ==================== ===== 3Q13 2Q14 3Q14 1.4% 1.6% 1.7% 4.2%
Slide 9: Funding
Funding Figures in Ps. Trillions Total Funding GRAPHIC OMMITTED Interbank Borrowings Long-Term Bonds Banks and Others Deposits 3Q13 2Q14 3Q14 6.0% 4.8% 5.1% 9.4% 8.3% 8.2% 8.9% 8.7% 8.6% 75.7% 78.1% 78.1% Total Deposits GRAPHIC OMMITTED Others Time deposits Checking accounts Savings deposits 3Q13 2Q
Slide 10: Capital
Capital Figures in Ps. Trillions Attributable Equity + Minority Interest Attributable Shareholders' Equity Minority interest Total Equity 3Q13 2Q14 3Q14 ---- ---- --------- 9.1 12.5 14.4(1) ---- ---- --------- 5.9 6.7 6.8 15.1 19.2 21.2 Attributable Shareholders Equity Equity + minority interest / A
Slide 11: NIM -- Net Interest Margin
NIM -- Net Interest Margin GRAPHIC OMMITTED Avg. cost of funds / Total Int. and non Int. funding 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4.0% 3.7% 3.3% 3.2% 3.1% 3.0% 3.1% 3.3% Loans Interest Margin (1) Net Investments Margin (2) Net Interest Margin (3) (1) Loans Interest Margin: Net Interest Income
Slide 12: Net Fees and other operating income
Net Fees and other operating income Figures in Ps. Billions Net Fees(1) GRAPHIC OMMITTED (1) Total fees and other service income minus fees and other services expenses. Fee Income 3Q14 GRAPHIC OMMITTED Other operating income Dividend Income Other operating income 3Q13 2Q14 3Q14 ---------------------
Slide 13: Efficiency and non operating income, net
Efficiency and non operating income, net Operating expenses / Operating Income GRAPHIC OMMITTED Efficiency Ratio is calculated as Operating Expenses before DandA divided by Operating Income before net provisions. Operating expenses / Average Assets Efficiency Ratio is calculated as annualized Operat
Slide 14: Profitability
Profitability Figures in Ps. Billions Net income GRAPHIC OMMITTED ROAA(1) GRAPHIC OMMITTED ROAE(2) GRAPHIC OMMITTED (1) ROAA for each quarter is calculated as annualized Net Income before Minority Interest divided by average of total assets.(2) ROAE for each quarter is calculated as annualized Net I
Slide 15: Appendix
APPENDIX GRAPHIC OMMITTED
Slide 16: Other corporate matters to report
Other corporate matters to report []Grupo Aval raised Ps. 2,432.1 billion of capital between September and October of 2014. As of September 30, 2014, Ps. 2,114.9 billion, corresponding to 1,629,629,620 preferred shares, were subscribed. The remaining Ps. 317.2 billion which correspond to 244,444,440
Slide 17: Ownership structure of main subsidiaries
Ownership structure of main subsidiaries Ownership as of September 30, 2014 GRAPHIC OMMITTED
Slide 18: GRAPHIC OMMITTED
GRAPHIC OMMITTED 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: November 24, 2014 GRUPO AVAL ACCIONES Y VALORES S.A. By: /s/ Jorge Adrián Rincón
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