Grupo Aval Acciones Y Valores Sa · BVC:GRUPOAVAL
Grupo Aval Acciones Y Valores Sa — Q2 2021 Earnings Presentation
21 slides from Grupo Aval Acciones Y Valores Sa's earnings presentation, Aug 13, 2021
Slide 1: Report of 2Q2021 consolidated results
Report of 2Q2021 consolidated results Information reported in Ps billions (1) and under IFRS (1) We refer to billions as thousands of millions.
Slide 2: Debt service coverage and leverage ratios
Debt service coverage and leverage ratios 2Q20 1Q21 2Q21 As of June 30 th , 2021 our combined double leverage (calculated as investments in subsidiaries at book value, subordinated loans to subsidiaries and goodwill as a percentage of shareholders' equity) was 1.19x. Finally, we present an evolution
Slide 3: 2Q21 Consolidated Earnings Results IFRS
1 2Q21 Consolidated Earnings Results IFRS
Slide 4: Disclaimer
2 Disclaimer Grupo Aval Acciones y Valores S . A . (“Grupo Aval”) is an issuer of securities in Colombia and in the United States .. As such, it is subject to compliance with securities regulation in Colombia and applicable U . S . securities regulation . Grupo Aval is also subject to the inspection
Slide 5: Consolidated key results for the quarter
3 Consolidated key results for the quarter Gross loans e xcludes interbank and overnight funds. PDLs 90+ defined as loans more than 90 days past due. Cost of Risk c alculated as Impairment loss on loans and other accounts receivable net of recoveries of charged - off assets divided by average gross
Slide 6: Key results by Colombia and Central America
4 COP $tn 2Q20 1Q21 2Q21 2Q21 vs 2Q20 2Q21 vs 1Q21 2Q20 1Q21 2Q21 2Q21 vs 2Q20 2Q21 vs 1Q21 Gross Loans $ 132.8 $ 133.4 $ 134.7 1.5% 1.0% $ 76.5 $ 76.1 $ 79.1 3.4% 3.9% Deposits $ 131.6 $ 134.2 $ 136.0 3.3% 1.4% $ 80.6 $ 87.9 $ 89.7 11.4% 2.1% Deposits/Net Loans 1.04 x 1.07 x 1.07 x 0.03 x 0.00 x 1.
Slide 7: Macroeconomic context - Colombia
5 Macroeconomic context - Colombia ( 1 | 2 ) Source: Banco de la República de Colombia and DANE. Source: DANE. Seasonally adjusted, constant prices o f 2015 GDP Oil Exports/Total Exports 2016: 34.0% 2017: 35.0% 2018: 40.2% Source : Banco de la República de Colombia and DANE. 2019: 40.4% Source: Banc
Slide 8: Macroeconomic context - Colombia fiscal and unemployment
6 Macroeconomic context - Colombia ( 2 | 2 ) Source: Ministry of Finance. Projections start in 2021. Real and Projected Fiscal Deficit Fiscal Rule (% of GDP) Colombian Peso Exchange Rate Source: Banco de la República de Colombia. (4.0) (3.6) (3.1) (2.5) (7.8) (8.6) (7.0) (4.7) (3.8) (3.1) (2.8) (2.5
Slide 9: Macroeconomic context – Central America
7 90 100 110 120 130 Dec-18 Jun-19 Dec-19 Jun-20 Dec-20 Jun-21 Colón Quetzal Lempira Córdoba TRM 115.4 98.3 107.8 100.3 102.2 3.2% 3.0% 2.2% 3.8% 2.7% 2.4% - 3.9% - 7.2% - 17.9% - 4.8% - 1.5% - 8.0% - 8.6% - 3.0% 5.6% 12.0% 2.6% 4.5% 4.5% 4.2% 0.2% 2019 2020E 2021E (3%) (1%) 1% 3% 5% 7% Dec-18 Jun-1
Slide 10: Active clients and digital transactions
8 1 10 14 21 25 4 5 8 16 32 5 15 22 37 57 2017 2018 2019 2020 1H21 Active Clients Million Sales (000) Products 164 672 956 Central America Colombia D igital % Amount Transacted by Channel Colombia 165 672 964 652 122 176 269 621 405 122 341 941 1,585 1,057 2017 2018 2019 2020 1H21 1.5 1.8 2.1 3.3 3.
Slide 11: Assets Breakdown
9 Net loans and leases Fixed income investments Unconsolidated equity investments Other Assets Assets Breakdown (%) Total Assets Exc. FX = Growth excluding FX movement of Central American Operations (1) Net loans and leases include interbank and overnight funds (2) Foreign operations reflect Central
Slide 12: Gross loans breakdown
10 Loans and receivables Gross loans Gross loans Breakdown % Growth excluding FX movement of Central American Operations Exc. FX = Growth excluding FX movement of Central American Operations 209.3 209.5 213.8 2Q20 1Q21 2Q21 - 2.1 8.4 - 2.1 8.4 1.4 2.8 0.8 2.1 6.6 - 12.3 6.7 - 12.3 3.1 - 6.1 1.9 - 6.
Slide 13: Loan portfolio quality
11 Loan portfolio quality Charge offs / Average 90+ PDLs Cost of Risk Quality Coverage 4.05% 4.75% 4.76% 3.00% 3.41% 3.42% 30 days PDLs / Gross loans 90 days PDLs / Gross loans 3.20% 2.40% 2.21% 3.10% 2.22% 1.99% Impairment loss / Average gross loans Impairment loss, net / Average gross loans 1.53x
Slide 14: Loan portfolio quality: days past due formation
12 Loan portfolio quality 30 days past due formation 90 days past due formation (1) (2) 30 days past due loans 90 days past due loans Loans and coverage by Stages (%) (1) Past Due Loans + 30 / Total Loans including interest accounts receivable (2) Past Due Loans + 90 / Total Loans including interest
Slide 15: Funding composition and deposits
13 282.7 284.2 289.7 2Q20 1Q21 2Q21 Deposits Banks and others Bonds issued Interbank borrowings Funding composition (%) 2Q20 1Q21 2Q21 8.3 77.9 8.1 78.1 10.8 75.1 3.4 10.3 3.3 10.5 3.9 10.2 Q/Q% = 1.9%; (Exc. Fx = 1.2%) Y/Y% = 2.5%; (Exc. Fx = 2.5%) 18.9% 15.8% 15.8% 2Q20 1Q21 2Q21 1.04x 1.10x 1.10x
Slide 16: Capital adequacy and equity
14 2Q20 B II 1Q21 B III 2Q21 B III 2Q20 B II 1Q21 B III 2Q21 B III 2Q20 B II 1Q21 B III 2Q21 B III 2Q20 B II 1Q21 B III 2Q21 B III Primary capital (Tier 1) 9.8 10.4 10.2 8.7 11.4 11.4 7.8 11.6 11.8 11.0 12.6 12.5 Solvency Ratio 12.4 12.8 12.5 10.5 13.4 13.7 9.1 13.3 13.5 11.5 13.4 13.2 19.9 20.4 21.
Slide 17: Net Interest Margin
15 5.29% 4.58% 4.92% 2Q20 1Q21 2Q21 2.30% 2.39% 3.26% Cost of funds NIM – Net Interest Margin Net Interest Margin (1) Loans Interest Margin (2) Net Investments Margin (3) Net Interest Income (1) (Trillions) (1) Net Interest Income and Net Interest Margin: Includes net interest income plus net tradin
Slide 18: Fees and other operating income
16 Fees and other operating income Gross fee income Other operating income Non - financial sector (1) (1) Net income from sales of goods and services (2) Reflects net NFS from Nexa BPO, Megalinea and Aportes en L ínea call - centers and other subsidiaries (2) (2) Exc. FX = Growth excluding FX moveme
Slide 19: Efficiency ratios
17 3.2% 3.1% 3.2% 2Q20 1Q21 2Q21 Efficiency ratios Cost to income efficiency ratio is calculated as total other expenses divided by net interest income plus net income from commissions and fees, net income from sales of goods and services, net trading income, net income from other financial instrume
Slide 20: Profitability
18 Profitability Figures in Ps. Billions Net income attributable to controlling interest ROAA (1) ROAE (2) (1) ROAA for each quarter is calculated as annualized Net Income divided by average of total assets. (2) ROAE for each quarter is calculated as annualized Net Income attributable to Aval's shar
Slide 21: Signature
19 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: August 12, 2021 GRUPO AVAL ACCIONES Y VALORES S.A. By: /s/ Jorge Adrián Rincón Plata Name: Jorg
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