Grupo Aval Acciones Y Valores Sa · BVC:GRUPOAVAL
Grupo Aval Acciones Y Valores Sa — Q4 2014 Earnings Presentation
20 slides from Grupo Aval Acciones Y Valores Sa's earnings presentation, Apr 10, 2015
Slide 1: Disclaimer
Disclaimer [GRAPHIC OMITTED] Grupo Aval Acciones y Valores S.A. ("Grupo Aval") is an issuer in Colombia of securities registered with the National Registry of Shares and Issuers (Registro Nacional de Valores y Emisores), and in this capacity, it is subject to the control of the Superintendency of Fi
Slide 2: Highlights
Highlights [GRAPHIC OMITTED] Grupo Aval financials for 4Q14 show the following results of our banking operations : []Robust 4.6% GDP growth in Colombia during 2014, despite a slowdown in the last quarter of the year; []Positive GDP growth expectations for Central America due to the US economic recov
Slide 3: Highlights
Highlights [GRAPHIC OMITTED] []Improving efficiency ratio on a cost to income basis (52.9% in 4Q14 from 53.7% in 4Q13), and on an operational expenses to average total assets basis (3.8% for 4Q14 from 4.1% for 4Q13). []Improving tangible capital ratio to 9.8% in December 31, 2014 up from 8.9% in Dec
Slide 4: Macroeconomic context - Colombia
Macroeconomic context - Colombia [GRAPHIC OMITTED] GDP Growth (%) [GRAPHIC OMITTED] Source: DANE and Bloomberg. GDP yearly % change -- Seasonally adjusted data at constant prices. (P) = Provisional (Pr) = Preliminary GDP Growth Expectations [GRAPHIC OMITTED] Unemployment (%) [GRAPHIC OMITTED] Foreig
Slide 5: Macroeconomic context - Colombia
Macroeconomic context - Colombia [GRAPHIC OMITTED] Inflation (%) [GRAPHIC OMITTED] Inflation Expectations for YE15 and YE16 [GRAPHIC OMITTED] Central Bank's Monetary Policy [GRAPHIC OMITTED] 6
Slide 6: Macroeconomic context - Colombia
Macroeconomic context - Colombia [GRAPHIC OMITTED] Colombian Peso vs WTI US$/barrel [GRAPHIC OMITTED] COP vs Emerging markets' currencies [GRAPHIC OMITTED] Facts about the impact of oil prices on Colombia's economy Oil represents 55.2% of Colombia's total exports. Mining and Energy sectors represent
Slide 7: Macroeconomic context - Central America
Macroeconomic context -- Central America [GRAPHIC OMITTED] Real GDP CAGR '13-'16E (%) [GRAPHIC OMITTED] Real GDP growth evolution (%) [GRAPHIC OMITTED] Oil and gas imports / Total imports (%) [GRAPHIC OMITTED] 8
Slide 8: Assets
Assets Figures in Ps. Trillions [GRAPHIC OMITTED] Total Assets [GRAPHIC OMITTED] Assets Breakdown [GRAPHIC OMITTED] (1) Foreign operations reflect Central American operations. 9 [GRAPHIC OMITTED]
Slide 9: Loans
Loans Figures in Ps. Trillions [GRAPHIC OMITTED] Gross loans [GRAPHIC OMITTED] Gross loans Breakdown [GRAPHIC OMITTED] 10 [GRAPHIC OMITTED]
Slide 10: Loan portfolio quality
Loan portfolio quality [GRAPHIC OMITTED] [GRAPHIC OMITTED] (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. 11 [GRAPHIC OMITTED]
Slide 11: Loan portfolio quality - Grupo Aval
Loan portfolio quality -- GRUPO AVAL Loans Portfolio Composition 4Q14 Commercial 55.7% Consumer 29.4% Financial Leases 6.6% Mortgages 8.0% Microcredit 0.3% ------ Total Loans 100.0% ------ Past Due Loans (1) ======================== 4Q13 3Q14 4Q14 1.3% 1.7% 1.7% 4.2% 4.1% 4.0% 2.4% 4.0% 3.2% 3.5% 2.
Slide 12: Funding
Funding Figures in Ps. Trillions [GRAPHIC OMITTED] [GRAPHIC OMITTED] [GRAPHIC OMITTED] 13 [GRAPHIC OMITTED]
Slide 13: Capital
Capital Figures in Ps. Trillions [GRAPHIC OMITTED] [GRAPHIC OMITTED] [GRAPHIC OMITTED] Consolidated Capital Adequacy of our Banks (%) [GRAPHIC OMITTED] 4Q13 3Q14 4Q14 Primary capital (Tier 1) 7.5 7.6 8.0 Solvency Ratio 11.2 11.1 11.5 Tangible Capital Ratio (2) 9.7 9.2 10.0 4Q13 3Q14 4Q14 4Q13 9.1 9.
Slide 14: NIM - Net Interest Margin
NIM -- Net Interest Margin [GRAPHIC OMITTED] Net interest income (trillions) 4Q14/ 4Q14/ 4Q13 3Q14 4Q14 4Q13 3Q14 1.77 1.88 1.95 10.1% 3.8% [GRAPHIC OMITTED] [GRAPHIC OMITTED] (1) Loans Interest Margin: Net Interest Income on Loans to Average loans and financial leases. (2) Net Investment Margin: Ne
Slide 15: Net Fees and other operating income
Net Fees and other operating income Figures in Ps. Billions [GRAPHIC OMITTED] [GRAPHIC OMITTED] [GRAPHIC OMITTED] [GRAPHIC OMITTED] 16 [GRAPHIC OMITTED]
Slide 16: Efficiency and non operating income, net
Efficiency and non operating income, net [GRAPHIC OMITTED] [GRAPHIC OMITTED] [GRAPHIC OMITTED] [GRAPHIC OMITTED] 17 [GRAPHIC OMITTED]
Slide 17: Profitability
Profitability Figures in Ps. Billions [GRAPHIC OMITTED] Net income [GRAPHIC OMITTED] [GRAPHIC OMITTED] (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 Income attribu
Slide 18: Profitability
Profitability Figures in Ps. Billions [GRAPHIC OMITTED] Net income [GRAPHIC OMITTED] 2013 2014 ROAA(1) 1.9% 1.6% ROAE(2)(3) 17.3% 13.0% EPS 86 80 [GRAPHIC OMITTED] (1) ROAA is calculated as annualized Net Income before Minority Interest divided by average of total assets. (2) ROAE is calculated as a
Slide 19: Profitability
Profita Figures in Ps. Billions ity Net income [ 2014 / 2013: 4.3% a 2013 2014 ROAA) 1.9% 1.6% ROAE()(3) 17.3% 13.0% EPS 86 80 Average Shares Outstanding 18,607 — 2014/2013:12.3% - 20,897 (MM) ( ROAA is calculated as annualized Net Income before Minority Interest divided by average of total assets.
Slide 20: Signature
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: April 10, 2015 GRUPO AVAL ACCIONES Y VALORES S.A. By: /s/ Jorge Adrián Rincón Plata Name: Jorge Ad
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