Grupo Cibest S.a. · BVC:CIBEST
Grupo Cibest — Q1 2021 Earnings Presentation
23 slides from Grupo Cibest's earnings presentation, May 6, 2021
Slide 1: Earnings Results 1Q21
1Q21 A Earnings Results = Bancolombia
Slide 2: 1Q21 Overview
1Q21 Overview Financial Highlights Business Evolution • Loan book up 3% QoQ • More than 20 million clients • Deposits up 2% QoQ • 84% of total transactions are done through digital channels • Basel III CET1 capital ratio of 11.2% and total capital ratio of 14.8% • The Ecosystem strategy continues to
Slide 3: Macro
Macro Main macroeconomic indicators for Colombia FY 2021 Indicator 1Q20 2Q20 3Q20 4Q20 1Q21 Forecast GDP growth 0.7% -15.8% -8.5% -3.6% -0.4% (E) 5.5% (YoY % variation) Urban unemployment rate 12.6% 24.3% 20.8% 15.9% 18.1% 16.7% (% of active population, end of period) Central Government balance -2.1
Slide 4: Business Evolution – Colombia
Business Evolution – Colombia Retail SMEs Corporates Clients Clients Clients 1.96 13.73 0.02 1.91 0.02 13.25 0.02 1.79 11.37 1Q20 4Q20 1Q21 1Q20 4Q20 1Q21 1Q20 4Q20 1Q21 Figures in Millions Figures in Millions Figures in Millions Deposits & Loans Deposits & Loans Deposits & Loans 25.92 44.46 25.16 4
Slide 5: Digital
Digital Users QR Code 10.8 140,000 1.26 1 9.4 120,000 1.01 7,153 1 5,181 5.8 100,000 12,746 20,168 1 4.8 80,000 1 3.7 60,000 0.32 1 2.0 40,000 268 89,996 88,737 0 1.8 4.6 5.0 0.8 1.9 20,000 26,162 1,534 0 1.2 - - 2018 2019 2020 mar-21 1Q20 4Q20 1Q21 Bancolombia A La Mano Nequi App Nequi Bancolombia
Slide 6: Digital
Digital Transactions Fee Income 3.3 47.1 3.5 50.0 22,615 22,977 3.0 39.6 40.0 Environmental Impact 2.5 COP 3 MM 1.8 30.0 2.0 1.3 11,444 BANCOLOMIA A LA MANO 1.5 1.3 20.0 IMPACTS 1.0 12.2 0.6 0.2 0.2 10.0 0.5 0.4 Social Impact Economic Impact - 0.1 - COP 85.000 MM COP 16.000 MM 1Q20 4Q20 1Q21 1Q20 4Q
Slide 7: ESG
ESG Our goal for 2030 is to avoid 9.3 million Tons of C02 and 100% renewable energy for our direct operations 2021 2030 30 Trillion COP 16.7x 500 Trillion COP Environmental Social Sustainable Finance Climate Change Gender Equality Financial Inclusion 3.16 Trillion COP disbursed Recycled PVC cards 2
Slide 8: Credit Reliefs
Credit Reliefs Evolution of the credit reliefs on a consolidated basis 44% Credit Reliefs over total loans 44% 17% 15% 3% 10% 7% 14% 6% 8% 4% 2Q20 3Q20 4Q20 1Q21 Loans Under Relief Structural Solutions Evolution of the credit reliefs by geography Colombia Panama El Salvador Guatemala 35% 54% 8% 51%
Slide 9: Credit Reliefs: Provisions Breakdown
Credit Reliefs Provisions Breakdown 2027 1668 1382 1282 842 760 278 194 292 225 229 55 57 64 14 102 -78 -11 Parameters Update + Consumer SME Deterioration Corporate Specific Provisions Total COVID-19 Deterioration Deterioration 1Q20 4Q20 1Q21 COP Billion Risk Models GDP Growth Scenarios
Slide 10: Stages
Stages Loan Breakdown by Stages 6.9% 7.6% 7.7% 8.6% 8.4% 6.4% 7.4% 9.2% 9.8% 10.6% Balance Stage 2 and 3 - Coverage 50.0 45.00% 86.8% 45.0 45.6% 46.0% 47.3% 45.6% 85.0% 83.2% 81.6% 81.0% 45.1% 40.00% 40.0 35.00% 35.0 30.00% 30.0 1Q20 2Q20 3Q20 4Q20 1Q21 25.0 25.00% Stage 1 Stage 2 Stage 3 20.0 20.00
Slide 11: Provisions and Allowances
Provisions and Allowances 4.8% 4.1% 3.4% Net Provisions Charges 2.9% 2.5% 2.6% 1.8% 1Q21/1Q20 -7% 1.7% 1.6% 1Q21/4Q20 -37% 2,435 2,026 1,683 1,130 1,382 1,282 Cost of Risk: 743 816 723 3.7% (Last 12 Months) 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 Provisions Cost of Risk 8.1% 8.1% 7.1% Allowance
Slide 12: Asset Quality and Coverage
Asset Quality and Coverage Asset Quality Evolution COP Billion PDLs and Coverage per Category * New PDLs is the sum of the change in PDLs and charge-offs for the period ** Mortgage loans were calculated for 120 days instead of 90 days
Slide 13: Assets and Loans Breakdown
Assets and Loans Breakdown Total Gross Loans 1Q21/1Q20 ∆ -3.35% 1Q21/4Q20 ∆ 2.98% Total Assets 204 TN 191 TN 197 TN 13.2% 13.6% 13.8% 21.3% 21.5% 21.6% Other 13% 64.9% 64.3% 64.0% Financial assets investment 11% 1Q20 4Q20 1Q21 Commercial Consumer Mortgage Total Gross Loans by Currency Loans 77% 127
Slide 14: Capital Adequacy
Capital Adequacy Shareholders´Equity Capital Adequacy 20.54% 14.79% 5.82% 14.78% 14.59% 13.34% 3.60% 1.95% 5.91% 27,618 26,545 14.72% 14.78% 11.19% 12.64% 7.43% 4Q20 1Q21 Consolidated Bancolombia Banco Agrícola Banistmo BAM Tier 1 Tier 2 COP Billion *Phase in period of 4 years for minimum regulatory
Slide 15: Liquidity Management
Liquidity Management Liquidity and Deposits Liabilities 185,000 184,216 184,543 106.0% 205 1% 196 184,000 104.0% 195 183,000 104.0% 102.0% 1% 9% 2% 182,000 100.0% 5% 180,821 6% 181,000 98.0% 180,000 97.6% 96.0% 90% 94% 179,000 96.7% 94.0% 93% 178,000 92.0% 1Q20 4Q20 1Q21 1Q20 4Q20 1Q21 Deposits Net
Slide 16: Colombia and Central America Overview
Colombia and Central America Overview Provision Provision Charges Charges 417 1,536 1,299 1,189 134 51 3Q20 4Q20 1Q21 3Q20 4Q20 1Q21 Provision Provision Charges Charges 134 177 55 43 -9 -87 3Q20 4Q20 1Q21 3Q20 4Q20 1Q21 1) Panama excludes Bancolombia Panama, affiliates in Peru, Cayman Islands and Pu
Slide 17: NIM & NII
NIM & NII 5.6% 5.9% 5.5% 5.6% 5.6% 5.1% 4.9% 5.1% 4.0% 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 Net interest margin Net Interest Income 2,890 2,842 2,913 2,901 2,825 2,687 2,782 2,769 2,243 2,620 2,770 2,606 2,802 2,888 2,851 2,634 2,517 2,686 120 176 40 25 50 135 (274) 139 67 1Q19 2Q19 3Q19 4Q1
Slide 18: Operating Expenses & Efficiency
Operating Expenses & Efficiency Total Operating Expenses Personnel Expenses* Administrative Expenses 1Q21/1Q20 ∆ -8% 1Q21/1Q20 ∆ -10% 1Q21/1Q20 ∆ -5% 2,155 921 1,234 824 1,169 1,993 70.0% 1Q20 32.5% 1Q21 1Q20 1Q21 1Q20 1Q21 COP Billion 65.0% 27.5% 22.5% 60.0% 17.5% 53.6% 55.0% 12.5% 51.4% 49.6% 49.3
Slide 19: Non-Interest Income
Non-Interest Income Evolution of Net Fees 20.5% 19.8% 19.7% 19.7% 16.8% 796 764 794 799 683 1Q20 2Q20 3Q20 4Q20 1Q21 Net Fees Fee Income Ratio Credit/debit cards Bancassurance Trust/Inv. B/Brokerage services 1Q21/1Q20 5% 1Q21/1Q20 15% 1Q21/1Q20 3% 530 503 478 452 385 173 141 184 184 188 133 150 146
Slide 20: Profitability
Profitability ROE & ROA 13.47% 9.21% 7.99% 4.90% 1.04% 1.50% 0.85% 0.54% 1Q18 1Q19 1Q20 1Q21 ROE ROA 833,328 Net Income 521,760 542,516 335,884 1Q18 1Q19 1Q20 1Q 21 COP Millions
Slide 21: Earnings Results 1Q21
1Q21 A Earnings Results = Bancolombia
Slide 22: Disclaimer
Disclaimer This report corresponds to the interim unaudited consolidated financial statements of BANCOLOMBIA S,A, and its subsidiaries (“BANCOLOMBIA” or “The Bank”) which Bancolombia controls, amongst others, by owning directly or indirectly, more than 50% of the voting capital stock, These financia
Slide 23: Earnings Results 1Q21
1Q21 A Earnings Results = Bancolombia