Banco Davivienda SA · BVC:PFDAVVNDA
Banco Davivienda SA — Davivienda — Q1 2022 Earnings Presentation
22 slides from Banco Davivienda SA's earnings presentation, May 2022
Slide 1: Consolidated Financial Results - 1Q22
Davivienda Consolidated Financial Results - 1Q22
Slide 2: Disclaimer and forward-looking statements
The information hereby presented is exclusively for informative and illustrative purposes and it is not, nor does it pretend to be, a source for legal or financial assessment of any kind. Certain statements in this presentation are “forward-looking” statements within the meaning of the U.S. Private S
Slide 3: Macroeconomic Fundamentals Colombia
Aspectos Macroeconómicos Macroeconomic Colombia Fundamentals Colombia Gross Domestic Product (Y/Y) Davivienda PMI * * Average Source: Davivienda Source: National Administrative Department of Statistics (DANE). Exchange Rate and Oil Prices Monetary Policy Rate and Inflation 3 Source: Financial Superin
Slide 4: Macroeconomic Fundamentals CAM
Macroeconomic Fundamentals CAM Gross Domestic Product (Y/Y) Inflation (Y/Y) Exchange Rate Monetary Policy Rate 4 Source: Central Banks from Central America.
Slide 5: 1Q22 Main Results
1Q22 Main Results CoR to Pre-Pandemic Levels3 Innovation and ESG Achievements $121.91 Gross Loan Portfolio Q/Q: 2.8% Y/Y: 12.7% Fintech Americas 2022 Platinum Disrupt Award Category: Blockchain / Crypto Innovation 11.19% CET1 Q/Q: -77 bps Y/Y: -62 bps IFC Alliance First circular economy project of a
Slide 6: Results of Our Sustainable Management
Results of Our Sustainable Management Sustainable Portfolio = COP 11.6 Tn (19.5% Y/Y) Sustainable Funding = COP 8.6 Tn (USD 2.3 Bn) Environmental Green Financing Social Social Financing (Trillion COP) (Trillion COP) - Sustainable construction - Low Income Housing - Renewable energy - Low Income Hous
Slide 7: Ecosystems with Social Impact
Ecosystems with Social Impact An innovative method to reach communities and provide a distinctive financial offering while building shared value for all of our stakeholders through inclusion and financial literacy. Approach and Impact Results Business Development 37 Farmers’ Markets 1 - 2 Years Growth
Slide 8: Digital Transformation Evolution
Digital Transformation Evolution Digital Transactions by Sales1 Channel1 (% of products) (% of monetary transactions) Digital Loans2 Digital Deposits2 Digital Investments2 105% 20% Y/Y Y/Y 11% Y/Y 193% 51% Y/Y Y/Y -14% Y/Y 21% Retail Banking Portfolio 4.3% Deposits 1. Quarterly figures. 2. Digital Lo
Slide 9: DaviPlata, Our Digital Native Bank
DaviPlata, Our Digital Native Bank Customer Base Outstanding Transactional Income1 & (Millon) Low-Amount Deposits Transactions2 +2.1M (COP $ Billion) 13.8 14.3 12.2 Y/Y 35% 4.0 4.4 +500k Y/Y 2.8 Q/Q 14% Y/Y 4.3 4.1 4.1 -33% Y/Y 5.1 5.7 5.8 Mar. 21 Dec. 21 Mar. 22 With products in the sector Ecards3
Slide 10: Balance Sheet - Assets
Activo Balance Sheet - Assets By Operation Q/Q Y/Y Assets Q/Q Y/Y Cash 1.5% 56.0% Colombia 6.2% 18.5% Net Investments 4.8% 2.4% COP -6.2% 6.8% Gross Loans 2.8% 12.7% CAM Loan Loss Reserves 2.1% -8.6% USD -0.5% 4.6% Others 10.5% 18.7% Assets 3.3% 15.9% FX Rate Effect -1.7% 0.8% By the end of March th
Slide 11: Balance Sheet - Gross Loans
Balance Sheet - Gross Loans Growth by Operation (Y/Y)1 Growth by Type (Y/Y) Gross Loans Mix 108.2 111.0 113.6 118.6 121.9 By the end of March the COP appreciated 5.7% Q/Q and depreciated 2.1% Y/Y Figures in COP Trillion 1. Loans Growth CAM in USD (growth 1Q22 in COP: 5.6%) 11
Slide 12: Balance Sheet - Credit Risk Management
Balance Sheet - Credit Risk Management Total PDL & Coverage1 2 PDL by Type2 Coverage by Type3 1. PDL: Past Due Loans by type / Gross Loans 2. Total >120: (Mortgage > 120 days + Commercial > 90 days + Consumer >90 days) / Gross Loans 3. Coverage: Asset Allowances / Loans > 90 days 12
Slide 13: Balance Sheet - Credit Risk Management
Balance Sheet - Credit Risk Management CoR1 - Provision Expenses 1Q22 $ Q/Q Y/Y Provision 699 -15.3% -38.5% Expenses Loans by Stages Coverage by Stages Figures in COP billion. As of 1Q22 the average exchange rate depreciated 4.4% Q/Q and 10% Y/Y 1. Cost of Risk = Provision Expenses / Gross Loans 13
Slide 14: Balance Sheet - Structure
Activo Balance Sheet - Structure Assets Q/Q Y/Y Liabilities & Colombia 6.2% 18.5% Assets Equity COP -6.2% 6.8% Y/Y Y/Y CAM USD -0.5% 4.6% $157.7 15.9% Liabilities Q/Q Y/Y 56% Colombia 7.0% 19.7% 2.4% 24.7% COP -5.6% 7.8% CAM USD 0.0% 5.6% Liabilities $143.7 16.8% Y/Y 12.7% -7.8% Funding Ratios 23.2%
Slide 15: Balance Sheet - Capital Structure
Balance Sheet - Capital Structure Capital Adequacy Ratios 1 Equity & RWAs2 Leverage Ratio 1Q22 Q/Q Y/Y Accounting Equity 13.9 -2.4% 7.3% Common Equity Tier 1 12.6 -2.7% 9.2% Additional Tier 1 1.9 -4.1% 100.0% Total Technical Capital 18.7 -3.7% 15.2% RWAs 112.2 4.0% 15.3% Credit Risk 98.4 0.8% 13.4%
Slide 16: P&L - Financial Margin
P&L - Financial Margin 1Q22 $ Q/Q Y/Y Gross Financial Margin Loan Income 3,048 14.6% 24.6% Investment and Interbank Income 52 -58.9% -630.3% Financial Income 3,100 11.2% 27.2% Financial Expenses 1,030 22.1% 41.1% Gross Financial Margin 2,070 6.5% 21.3% Provision Expenses 699 -15.3% -38.5% Net Financ
Slide 17: P&L - Non Financial Income & Expenses
P&L - Non Financial Income & Expenses 1Q22 1Q22 $ Q/Q Y/Y $ Q/Q Y/Y 1 Personnel Expenses 479 4.5% 17.4% Fee Income 404 -3.5% 23.6% Other Net Income & Expenses 63 435.6% 91.9% Operating Expenses and Others 723 -8.2% 20.4% Non Financial Income 467 16.7% 29.9% Total Expenses 1,203 -3.5% 19.2% Non Finan
Slide 18: P&L - Net Profit
P&L - Net Profit 1Q22 Net Profit2 $ Q/Q Y/Y Gross Financial Margin 2,070 6.5% 21.3% Provision Expenses 699 -15.3% -38.5% Net Financial Margin 1,372 22.7% 140.1% FX Changes, Derivatives 90 -31.4% -57.7% Non Financial Income1 467 16.7% 29.9% Operating Expenses 1,203 -3.5% 19.2% Income Before Tax 725 80.
Slide 19: Expectations 2022
Expectations 2022 2022 E 1Q22 2022 E (Feb. 2022) Actual (May. 2022) Growth 11% - 12% 12.7% 11% - 12% Δ Y/Y Δ Y/Y Δ Y/Y Loan Portfolio PDL* 3.2% - 3.4% 2.93% 2.9% - 3.3% NIM 6.0% - 6.3% 6.09% 6.1% - 6.4% Cost of Risk 2.3% - 2.6% 2.35% 2.1% - 2.4% Profitability Non Financial Income 10% - 11% 29.9% ~15%
Slide 20: Investor Relations and Capital Management
Investor Relations and Capital Management ir@davivienda.com + (57) 601 220 3495 www.davivienda.com Bogotá - Colombia Visit us at ir.davivienda.com
Slide 21: Appendix
Appendix 21
Slide 22: Loan Portfolio - Relief Programs Evolution
Activo Loan Portfolio - Relief Programs Evolution COL Payment Behavior Up to date: 88.0% Past due 31 - 90 days: 6.6% Past due > 90 days: 5.4% % Portfolio under relief Commercial Consumer Mortgage CAM Payment Behavior Up to date: 88.9% Past due 31 - 90 days: 6.6% Past due > 90 days: 4.5% 22