Banco Davivienda SA · BVC:PFDAVVNDA

Banco Davivienda SA — Davivienda — Q1 2021 Earnings Presentation

21 slides from Banco Davivienda SA's earnings presentation, Jul 1, 2021

  1. Slide 1: Davivienda Consolidated Financial Results - 1Q21

    Davivienda Consolidated Financial Results - 1Q21

  2. Slide 2: Disclaimer

    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

  3. Slide 3: Macroeconomic Colombia

    Aspectos Macroeconómicos Macroeconomic Colombia Fundamentals Colombia Gross Domestic Product (Y/Y) Davivienda’s PMI1 Source: National Administrative Department of Statistics (DANE) Source: Banco Davivienda. 1. PMI: Purchasing Managers' Index | IHS Markit Exchange Rate and Oil Prices Monetary Policy

  4. Slide 4: Macroeconomic Fundamentals CAM

    Macroeconomic Fundamentals CAM Gross Domestic Product (Y/Y) Inflation (Y/Y) Exchange Rate Monetary Policy Rate Source: Central Banks from Central America. 4

  5. Slide 5: 1Q21 Main Results

    1Q21 Main Results Accum. Net Profit Margins evolution Basel III implementation $101.3* (As of March 2021) Y/Y: -54.9% 6.28% 6.29% CET1 6.08% Y/Y: -20 bps 11.81% +355 pbs Q/Q $108.2** Gross Loan Portfolio Q/Q: 1.4% Y/Y: -1.1% Total Capital Adequacy Ratio 1Q20 4Q20 1Q21 16.68% +437 pbs Q/Q 3.98% Asset

  6. Slide 6: Digital Transformation Evolution

    Digital Transformation Evolution Digital Customers1 Digital Sales Transactions by Channels 85% 88% (% of products) (% of total transactions) 1Q21 1Q21 CONS COL 1Q20 1Q20 90% 77% 33% Digital Channels Digital Channels 52% 42% 38% Physical Channels 39% 52% CR PN Other Channels ATM and POS 46% 34% 18% 1

  7. Slide 7: DaviPlata, Our Digital Native Bank

    DaviPlata, Our Digital Native Bank Results Customers’ Composition Outstanding Electronic Deposits Quarterly Transactional Income (Million) ($ Billion COP) ($ Billion COP) 26.2 12.2 +600k 526 503 22.4 Q/Q 11.6 2.1X 3.9X 2.8 Y/Y Y/Y 2.7 244 4.3 4.2 5.8 91 4.7 5.1 1Q20 4Q20 1Q21 1Q19 4Q20 1Q21 Dec. 20

  8. Slide 8: DaviPlata, New Functionalities

    DaviPlata, New Functionalities Social Seller Profile +8.9 M customers Marketplace in the App Manage a business profile with no fees Connect businesses Manage the business’ with Daviplata finances customers’ day-to-day Organize products in catalogs and share them on social networks New sales channel for

  9. Slide 9: Balance Sheet - Assets

    Activo Activo Balance Sheet - Assets 1Q21/4Q20 1Q21/1Q20 Cash -15.9% -20.6% Net Investments 1.6% 16.4% Gross Loans 1.4% -1.1% Loan Loss Reserves -6.1% 30.1% Others -8.0% -8.3% Assets -0.3% -2.6% Mar. 20 Dec. 20 Mar. 21 FX Effect 1.5% -2.5% Assets Mar. 20 Dec. 20 Mar. 21 1Q21/4Q20 1Q21/1Q20 Colombia

  10. Slide 10: Balance Sheet - Gross Loans

    Balance Sheet - Gross Loans 1Q21/4Q20 1Q21/1Q20 Mortgage 4.5% 9.0% Consumer -1.6% -2.1% Commercial 1.7% -5.3% Gross Loans 1.4% -1.1% FX Effect 1.4% -2.2% Mar. 20 Dec. 20 Mar. 21 Gross Loans Mar. 20 Dec. 20 Mar. 21 1Q21/4Q20 1Q21/1Q20 Colombia 84.8 86.0 85.7 -0.3% 1.1% COP 24.6 20.7 22.4 8.3% -8.8% I

  11. Slide 11: Relief Evolution

    Activo Relief Evolution COL Payment Behavior Up to date: 89% Past due 31 - 90 days: 8% Past due > 90 days: 3% 1Q20 2Q20 3Q20 4Q20 1Q21 % Portfolio under relief Commercial Consumer Mortgage CAM Payment Behavior Up to date: 94% Past due 31 - 90 days: 5% Past due > 90 days: 1% 1Q20 2Q20 3Q20 4Q20 1Q21

  12. Slide 12: Balance Sheet - Credit Risk Management

    Balance sheet - Credit Risk Management Loans by Stages PDL1 > 90 days Portfolio 1Q20 4Q20 1Q21 Commercial 3.81% 3.26% 3.69% Consumer 2.07% 6.04% 3.63% Mortgage 4.41% 4.53% 4.91% Total 3.45% 4.38% 3.98% Mortgage2 (120) 3.50% 2.77% 4.06% Total3 (120) 3.25% 3.95% 3.76% 1Q20 4Q20 1Q21 Stage 1 Stage 2 St

  13. Slide 13: Balance Sheet - Funding Sources

    Balance Sheet - Funding Sources 1Q21/4Q20 1Q21/1Q20 Demand Deposits 3.1% 11.7% Term Deposits -0.1% -9.8% Bonds 6.3% -0.4% Credits -12.3% -33.8% Funding Sources 0.6% -3.7% Mar. 20 Dec. 20 Mar. 21 FX Effect 1.6% -2.4% Gross Loans / Funding Sources 91.7% 93.4% 94.2% Funding Sources Mar. 20 Dec. 20 Mar.

  14. Slide 14: New Capital Requirements - Basel III

    New Capital Requirements - Basel III Capital Ratios +451 bps 18.53% 16.82% 16.82% 16.68% 4.86% 4.87% 4.87% 12.31% 12.31% 1.85% 11.50% 4.05% 11.96% 11.81% 11.81% 9.00% 3.00% +370 8.26% bps 3.00% 1.50% 1.50% 1.50% 1.00% 4.50% CET1 4.50% 7% 4Q20 Pro-forma BIII BIII 1Q21 Pro-forma BIII Nuevos New minimu

  15. Slide 15: P&L - Financial Margin

    P&L - Financial Margin QUARTER 1Q21 $ 1Q21/4Q20 % 1Q21/1Q20 % Loan Income 2,447 -3.5 -9.2 Investment Income + Interbank -10 -100 -100 Financial Income 2,437 -11.9 -13.4 Financial Expenses -730 -10.5 -31.3 Gross Financial Margin 1,707 -12.5 -2.6 Provision Expenses -1,136 -4.0 28.3 Net Financial Margi

  16. Slide 16: P&L - Expenses

    P&L - Expenses QUARTER 1Q21 $ 1Q21/4Q20 % 1Q21/1Q20 % Personnel Expenses 408 2.6 -1.2 Operating Expenses and Others2 601 -13.5 5.9 Total Expenses 1,009 -7.6 2.9 1Q20 4Q20 1Q21 12 Months Annualized Quarter Ratio Mar.20 Dec.20 Mar.21 Mar.20 Dec.20 Mar.21 Cost-to- 46.5% 47.1% 46.9% 45.1% 48.8% 44.5% In

  17. Slide 17: P&L - Net Income

    P&L - Net Income 1Q21 $ 1Q21/4Q20 % 1Q21/1Q20 % QUARTER Net Financial Margin 571 -25.5 -34.1 Operating Income 367 0.4 17.0 Operating Expenses 1,009 -7.6 2.9 FX Changes. Derivatives and 204 100 76.6 Others Income Before Tax 134 100 -57.7 14 Taxes 32 100 -64.6 1Q20 4Q20 1Q21 Net Income3 101 100 -54.9

  18. Slide 18: Expectations 2021

    Expectations 2021 Lower growth expectations due to the current situation. Gross Loans Δ 5% - 7% The mortgage and corporate segments will lead growth, followed by low risk profiles in the consumer portfolio. Results will depend on the pandemic evolution and the behavior of PDLs > 4% customers under re

  19. Slide 19: Visit us at ir.davivienda.com

    Investor Relations and Capital Management ir@davivienda.com + (57 1) 220 3495 www.davivienda.com Bogotá - Colombia Visit us at ir.davivienda.com

  20. Slide 20: Appendix

    Appendix 20

  21. Slide 21: Balance Sheet - Coverage Ratios

    Balance Sheet - Coverage Ratios Coverage1 Loan Loss Reserves / Gross Loans2 Portfolio 2Q20 3Q20 4Q20 1Q21 Portfolio 2Q20 3Q20 4Q20 1Q21 Commercial 124.9% 151.6% 164.9% 150.8% Commercial 4.8% 5.7% 5.5% 5.7% Consumer 1,584.8% 2,329.1% 165.5% 260.4% Consumer 6.2% 7.9% 10.2% 8.6% Mortgage 51.3% 60.8% 36

Davivienda — Q1 2021 Earnings Presentation on 6ix