Gentera SAB de CV · BMV:GENTERA
Gentera SAB de CV — Q3 2019 Earnings Presentation
40 slides from Gentera SAB de CV's earnings presentation, 2019
Slide 1: Corporate Presentation 3Q19
Corporate Presentation 3Q19
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)History b)Sense of Purpose c)Corporate structure d)Corporate Governance e)Values and strategy f)Products and potential market g)Yastás, Aterna and Intermex 2)Growth & profitability 18 a)Clients b)Portfolio and NPL´s c)ROAA and ROEE d)Efficiency Ratio 3) Financial informatio
Slide 4: About Gentera
About Gentera
Slide 5: Our history, more than 29 years of evolution
Our history, more than 29 years of evolution Compartamos Transformatio • 2 million Evolution to Fiinlab n into a Bank Gentera is founded as • Yastas starts launch NGO operations • International expansión (Peru and Guatemala Change • 3 million Aterna starts ConCrédito to SOFOL clients operations Inve
Slide 6: Our Philosophy
Our Philosophy We are the entrepreneur group, leader of financial inclusion. We provide appropriate and accessible financial services through each of our companies, Our Values generating shared value. Social value: We offer inclusion opportunities to the largest number of people in the shortest poss
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. • Intermex (México).-
Slide 8: 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 9: Potential market for working capital loans
Potential market for working capital loans Mexico Peru Competitors A/B A/B Opportunity *Working C Consumer C Capital Loans Loans Peru D Mexico Guatemala D Opportunity E E Traditional A/B Banks New Competitors C Great Opportunities D C&D Guatemala E 9
Slide 10: Group loans in Mexico
Group loans in Mexico Crédito Mujer (CM) General Characteristics: • Loan size • Contribution to loan portfolio Ps. 4,000 to Ps. 70,000 56.9% › Group loan for working capital purposes • Average ticket • Contribution to number of clients › Groups of 10 to 50 women Ps. 8,381 65.2% › Group guarantee • T
Slide 11: Individual loans in Mexico
Individual loans in Mexico Personal loans General Characteristics: • Loan size • Contribution to loan portfolio Ps. 20,000 to Ps. 200,000 12.0% › Working capital loan • Average ticket • Contribution to number of clients › Fixed assets and investments Ps. 23,280 5.0% › Mainly in urban areas › Persona
Slide 12: Other loans in Mexico
Other loans in Mexico 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. 4,000 to Ps. 7,000 › Personal credit to maintain or improve the client's CI: Ps. 5,000 to Ps. 50,000 • Contribution to loan portfolio house o
Slide 13: Evolution in group and individual loans methodologies (2016-3Q19)
Evolution in group and individual loans methodologies (2016-3Q19) BANCO COMPARTAMOS, S.A. I.B.M. 1.7% 1.8% 3Q19 56.9% 20.1% 7.5% 12.0% 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% 2.3% 2.2% Dec-16 49.9% 24.0% 10.9% 10.7% C. Mujer C. Comerciante C. Crece y Mejora-C
Slide 14: Market distribution per subsidiary
Market distribution per subsidiary % Total loan portfolio and average ticket Clients per subsidiary 3,417,200 Ps 6.406 Clients Ps 19,722 Ps 9,593 Mexico has an opportunity to serve more clients in D and C segment 14
Slide 15: Yastás (correspondent network manager)
Yastás (correspondent network manager) ➢ Presence in 32 Mexican States ➢ As of 3Q19 reached more than 4,000 affiliates. ➢ Executed more than 4.59 million operations during the quarter; out of those 1.6 million were financial transactions during the quarter. ➢ Around 60 services affiliated to Yastas
Slide 16: Aterna (microinsurance broker)
Aterna (microinsurance broker) Products: Life: Aterna offers life insurance products to provide security to our customers and their families. Health and Accidents: Trough this coverage Aterna seeks to avoid a destabilization in the economy of our 3Q19 customers due to a disease or accident. Active P
Slide 17: Intermex (remittances company)
Intermex (remittances company) • It processed more than $7.6 billion pesos in remittances payments in 3Q19. • It has more than 2,900 points of payment to execute remittances payments. • During the first 8 months of 2019, international remittances received in Mexico reached 23,899.5 million dollars,
Slide 18: Growth and profitability
Growth and profitability
Slide 19: Summary
Summary % Change % Change % Change 3Q19 3Q18 2Q19 9M19 9M18 3Q18 2Q19 9M18 Clients (1 ) 3,702,747 3,283,756 3,586,697 12.8% 3.2% 3,702,747 3,283,756 12.8% Credit Clients 3,417,200 3,090,409 3,315,483 10.6% 3.1% 3,417,200 3,090,409 10.6% Portfolio* 39,423 33,234 36,830 18.6% 7.0% 39,423 33,234 18.6%
Slide 20: Total Portfolio – NPL %
Total Portfolio – NPL % Gentera (Ps. million) Mexico - Banco (Ps. million) Peru (Ps. million) Guatemala (Ps. million) 20
Slide 21: NIM (%) after provisions
NIM (%) after provisions Gentera Mexico - Banco Peru Guatemala 21
Slide 22: ROAA & ROAE evolution
ROAA & ROAE evolution Gentera ROAA Gentera ROAE 22
Slide 23: Assets - ROAA
Assets - ROAA Gentera Mexico - Banco Peru Guatemala 23 *Assets in Ps. Million
Slide 24: Equity - ROAE
Equity - ROAE Gentera Mexico - Banco Peru Guatemala 24 *Equity in Ps. million
Slide 25: Efficiency Ratio
Efficiency Ratio Gentera Mexico - Banco Peru Guatemala 25 Efficiency Ratio: Operating Expenses / Net Operating Revenues
Slide 26: Financial Information 3Q19
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Slide 27: Balance Sheet
Balance Sheet % Change % Change 3Q19 3Q18 2Q19 3Q18 2Q19 Cash and other investments 9,194 6,036 52.3% 8,326 10.4% Total performing loans 38,280 32,371 18.3% 35,722 7.2% Non-performing loans 1,143 863 32.4% 1,108 3.2% Total loan portfolio 39,423 33,234 18.6% 36,830 7.0% Allowance for loan losses 2,48
Slide 28: Income Statement
Income Statement % Change % Change % Change 3Q19 3Q18 2Q19 9M19 9M18 3Q18 2Q19 9M18 Interest income 5,765 5,283 9.1% 5,563 3.6% 16,803 15,412 9.0% Interest expense 517 458 12.9% 529 -2.3% 1,571 1,218 29.0% Net Interest Income 5,248 4,825 8.8% 5,034 4.3% 15,232 14,194 7.3% Provisions for loan losses
Slide 29: NPLs per subsidiary
NPLs per subsidiary NPL´s per methodology and subsidiaries 3Q19 3Q18 2Q19 NPL NPL NPL Write- PRODUCT Portfolio NPL Write- Offs Portfolio NPL Write- Offs Portfolio NPL Ratio Ratio Ratio Offs C. Mujer 14,348 289 2.01% 202 12,362 152 1.23% 142 13,501 252 1.87% 185 C. Comerciante 5,060 211 4.17% 159 4,5
Slide 30: Summary
Summary Banco Compartamos S.A. I.B.M. National Scale Global Scale Fitch Ratings ‘AA+(mex) / F1+(mex)’ BBB- / F3 Standard & Poor’s ‘mxAAA / mxA-1+’ BBB / A-2 % Change % Change % Change 3Q19 3Q18 2Q19 9M19 9M18 3Q18 2Q19 9M18 Clients 2,627,312 2,433,012 2,567,332 8.0% 2.3% 2,627,312 2,433,012 8.0% Por
Slide 31: Balance Sheet
Balance Sheet % Change % Change 3Q19 3Q18 2Q19 3Q18 2Q19 Cash and other investments 4,963 2,791 77.8% 4,743 4.6% Related parties 250 656 -61.9% 252 -0.8% Total performing loans 24,465 21,747 12.5% 22,780 7.4% Non-performing loans 739 551 34.1% 688 7.4% Total loan portfolio 25,454 22,954 10.9% 23,720
Slide 32: Income Statement
Income Statement % Change % Change % Change 3Q19 3Q18 2Q19 9M19 9M18 3Q18 2Q19 9M18 Interest income 4,453 4,231 5.2% 4,332 2.8% 13,063 12,375 5.6% Interest expense 345 328 5.2% 364 -5.2% 1,073 840 27.7% Net Interest Income 4,108 3,903 5.3% 3,968 3.5% 11,990 11,535 3.9% Provisions for loan losses 689
Slide 33: Funding structure
Funding structure Cost of funds 3Q19: 7.6% Debt profile excluding clients deposits Year Maturity % 2019 1,696 10.2% 2020 2,700 16.3% 2021 2,300 13.9% 2022 4,694 28.3% 2023 3,000 18.1% 2024 2,200 13.3% Total 16,590 100% Compartamos Banco has a diversified funding structure and a very solid debt profi
Slide 34: Allowance for loan losses
Allowance for loan losses 3Q19 3Q18 2Q19 Risk %Allowance Balance Allowance %Allowance Balance Allowance %Allowance Balance Allowance A-1 1.2% 16,924 198 1.1% 15,596 169 1.1% 15,935 184 A-2 2.4% 1,432 35 2.7% 957 25 2.2% 1,341 32 B-1 3.4% 210 7 3.4% 153 5 3.4% 171 6 B-2 4.1% 1,901 78 4.1% 1,865 76 4.
Slide 35: Summary
Summary Compartamos Financiera (Peru) % Change % Change % Change Summary 3Q19 3Q18 2Q19 3Q18 2Q19 9M19 9M18 9M18 Clients 687,839 558,761 649,702 23.1% 5.9% 687,839 558,761 23.1% Portfolio * 13,566 10,370 12,767 30.8% 6.3% 13,566 10,370 30.8% Net Income * 186.2 144.5 128.9 28.8% 44.4% 434.9 342.2 27.
Slide 36: Balance Sheet
Balance Sheet % Change % Change 3Q19 3Q18 2Q19 3Q18 2Q19 Cash and other investments 2,194.6 1,971.8 11.3% 1,879.9 16.7% Total performing loans 13,190.5 10,078.5 30.9% 12,379.9 6.5% Non-performing loans 375.4 291.6 28.7% 387.1 -3.0% Total loan portfolio 13,565.9 10,370.0 30.8% 12,767.0 6.3% Allowance
Slide 37: Income Statement
Income Statement % Change % Change % Change 3Q19 3Q18 2Q19 9M19 9M18 3Q18 2Q19 9M18 Interest income 1,141.2 913.2 25.0% 1,079.5 5.7% 3,267.3 2,590.5 26.1% Interest expense 163.0 131.8 23.6% 155.0 5.1% 469.9 389.3 20.7% Net interest income 978.2 781.3 25.2% 924.5 5.8% 2,797.4 2,201.2 27.1% Provisions
Slide 38: Funding structure
Funding structure Cost of funds 5.5% 38
Slide 39: Summary
Summary Compartamos S.A. (Guatemala) % Change % Change % Change Summary 3Q19 3Q18 2Q19 9M19 9M18 3Q18 2Q19 9M18 Clients 102,049 98,636 98,449 3.5% 3.7% 102,049 98,636 3.5% Portfolio * 653.7 565.8 595.5 15.5% 9.8% 653.7 565.8 15.5% Net Income * 10.2 19.4 14.0 -47.4% -26.8% 43.8 25.1 74.8% NPLs / Tota
Slide 40: Investor Relations contacts
Enrique Barrera Flores enbarrera@gentera.com.mx Investor Relations Officer (55) 5276 7250 ext.7379 Brenda Marlene García Cárdenas bregarcia@gentera.com.mx Investor Relations (55) 5276 7250 ext. 6819