Grupo Aval Acciones Y Valores Sa · BVC:GRUPOAVAL
Grupo Aval Acciones Y Valores Sa — FY2013 Earnings Presentation
19 slides from Grupo Aval Acciones Y Valores Sa's earnings presentation, Apr 24, 2014
Slide 1: Disclaimer
Disclaimer Grupo Aval is an issuer in Colombia of securities registered with the National Registry of Shares and Issuers (Registro Nacional de Valores y Emisores), and in this capacity, it is subject to oversight by the Superintendency of Finance. Grupo Aval is a not a financial institution and is n
Slide 2: Highlights
Highlights [] After obtaining all regulatory approvals, Grupo Aval closed Grupo Financiero Reformador and BBVA Panam[] acquisitions in Central America. Both acquisitions had a combined impact of Ps. 6.7 trillion of assets (USD 3.6 billion) and Ps. 6.0 trillion of liabilities (USD 3.2 billion) in Gru
Slide 3: Macroeconomic fundamentals
Macroeconomic fundamentals GDP Growth GDP per Capita(1) Source: IMF(Projections) DANE and ANIF. (1) Colombia nominal GDP per capita in thousands of USD, IMF. Inflation vs. Nominal Interest Rates Source: Banco de la Rep[]blica de Colombia. (1) Average of daily rates reported by Banco de la Rep[]blica
Slide 4: Macroeconomic fundamentals
Macroeconomic fundamentals Unemployment Source: Dane, ANIF. Significant reduction in country risk premium 16-Mar-2011 Credit rating boosted to investment grade (BBB-) by S andP 31-May-2011 Credit rating boosted to investment grade (Baa3) by Moody's 22-June-2011 Credit rating boosted to investment gr
Slide 5: Colombian Financial System
Colombian Financial System Figures in COP trillions Gross loans Deposits CAGR'07 --'13: 16.3% CAGR '07--'13: 15.0% Equity Net income CAGR'07 --'13: 20.0% 15.8% CAGR '07--'13: 12.1% -1.1% 2007 2008 2009 2010 2011 2012 2013 2007 2008 2009 2010 2011 2012 2013 Source: Superintendency of Finance. System
Slide 6: Colombian Financial System
Colombian Financial System Financial System Gross Loans / GDP Source: DANE, Superintendency of Finance, and IMF. (1) Colombia nominal GDP per capita in thousands of USD, IMF. Source: Superintendency of Finance. 7
Slide 7: Balance Sheet
Balance Sheet Figures in COP billions 2011 2012 2013 12 vs 11 13 vs 12 Source: Company Filings. Consolidated figures. 8
Slide 8: Assets
Assets Figures in COP billions Total Assets Source: Company Filings. Consolidated figures. Assets Breakdown (1) Includes Ps. 6.7 trillion of assets acquired in Dec, 2013 in Central America. Growth excluding acquisitions would have been 15.6% vs. 2012. (2) Foreign operations reflect Central American
Slide 9: Loans
Loans Figures in COP billions Gross loans 20.6% (1) Includes Ps. 4.8 trillion of loans acquired in Dec, 2013 in Central America. Growth excluding acquisitions would have been 14.7% vs. 2012. 10
Slide 10: Loan portfolio quality
Loan portfolio quality Asset quality -- Colombia Source: Company Filings. Grupo Aval is calculated as the sum of its banks. 30 Day Past Due Loans / Total Loans (%) Commercial Consumer Source: Company Filings. Consolidated figures. 11
Slide 11: Funding
Funding Figures in COP billions Funding Breakdown Growth Cost of Funding Other funding Total Deposits Source: Company Filings. Consolidated figures. Superintendency of Finance. 12
Slide 12: Deposits
Deposits Figures in COP billions Deposits Breakdown Growth 2012 2013 2013 vs. 2012 Source: Company Filings. Consolidated figures. Deposits / Net Loans (%) Source: Company Filings. Consolidated figures. 13
Slide 13: Capital
Capital Figures in COP billions Attributable Equity + Minority Interest Attributable Shareholders Equity Attributable Shareholders Equity 29.1% Minority Interest 25.6% Source: Company Filings. Consolidated figures. Consolidated Capital Adequacy of our Banks (%) Combined Tier 1 Solvency Ratio Source:
Slide 14: NIM – Net Interest Margin
NIM -- Net Interest Margin Figures in COP billions Net interest income Var. 2012 2013 13/ 12 6,310 6,981 10.6% Avg. cost of funds / Total Int. and non Int. 5.2% 3.0% 3.1% 4.0% 3.3% funding Source: Company Filings. Consolidated figures. (1) Loans Interest Margin: Net Interest Income on Loans to Avera
Slide 15: Key indicators
Key indicators Figures in COP billions Net interest Income / Average Interest Earning Assets NIM: 8.8% 7.2% 6.5% 6.5% 6.2% Source: Company Filings. Consolidated figures. Provision expense / Average Loans Average '09-'13: 1.6% 2009 2010 2011 2012 2013 Charge offs/ Average 1.4% 1.5% 1.1% 1.0% 1.1% Loa
Slide 16: Net Fees and other operating income
Net Fees and other operating income Figures in COP billions Net Fees(1) Fee Income 2013 (1) Total fees and other service income minus fees and other services expenses. Credit Card fees, 12.3% Other operating income Other operating income 48.7% Source: Company Filings. Consolidated figures. 17
Slide 17: Efficiency
Efficiency Operating expenses / Operating Income BAC Acquisition effect Average '09-'13: 48.8% Source: Company Filings. Consolidated figures. Efficiency Ratio is calculated as Operating Expenses before D andA divided by Operating Income before net provisions. Operating expenses / Average Assets Aver
Slide 18: Profitability
Profitability Average '09-'13: 21.9% Average '09-'13: 2.4% ROAE(1) ROAA(2) Source: Company Filings. Consolidated figures. (1) ROAE is calculated as Net Income divided by the thirteen -month average of shareholders' equity for each year ended at Dec. 31(st). For 2013, ROAE is calculated excluding Ps.
Slide 19: Signature
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: April 23, 2014 GRUPO AVAL ACCIONES Y VALORES S.A. By: /s/ Jorge Adrián Rincón Plata Name: Jorge Ad
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