Grupo De Inversiones Suramericana S.a. · BVC:GRUPOSURA
Grupo De Inversiones Suramericana — Q2 2022 Earnings Presentation
27 slides from Grupo De Inversiones Suramericana's earnings presentation, August 2022
Slide 1: 1
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Slide 2: Forward-looking statements
The forward-looking statements contained herein are based on Management’s current forecasts and outlook, which have been made under assumptions and estimates of the management of the Companies and may present variations. For better illustration and decision-making, figures for Suramericana, SURA Ass
Slide 3: Webcast
Webcast To change the audio language, click the icon. Para cambiar de idioma, haga clic en icono de su preferencia.
Slide 4: Consolidated Results
Grupo SURA Suramericana SURA AM Consolidated Results Capitals Consolidated Results Consolidated Results Equity Method Human Capital Life Segment Retirement Savings Segment Net Income Bridge Highlights Property and Casualty Segment Inversiones Sura + IM Consolidated Results Health Care Segment Net In
Slide 5: Grupo SURA
GRUPO SURA Santiago de Chile + Chile
Slide 6: Moving towards sustainable levels of profitability
Moving towards sustainable levels of profitability VALUE GENERATION We believe in a comprehensive view of the Company's management, around Social Human the maintenance and increase of Capital Capital capitals. Sustainable Profitability Adequate and balanced management is what really contributes to t
Slide 7: Human Capital
Human Capital Grupo SURA CHALLENGES • Development of new knowledge and skills for the exercise of the citizenship • Diversity and inclusion with defined positions and focused actions. We enable people to have the skills and knowledge that favor, through flexibility and diversity, the full developmen
Slide 8: Capabilities for autonomy and the exercise of freedom
We interact through the development of capabilities for autonomy and the exercise of freedom. EMPLOYEES COMMUNITY ADVISORS • 33,000 trained employees (2021) 1,708 educational agents, young Trained 8,106 advisors in business • 95.7% corporate commitment migrants and artists trained in development (le
Slide 9: Driven by total revenues growing at double-digit rates
Driven by total revenues growing at double-digit rates TOTAL REVENUES* CONTROLLING NET INCOME CAGR +14.6% 27.6 1.77 24.9 1.44 1.53 21.3 20.9 1.41 18.8 1.26 1.18 18.3 1.10 15.5 11.4 0.23 2015 2016 2017 2018 2019 2020 2021 2Q22 2015 2016 2017 2018 2019 2020 2021 2Q22 (LTM) (LTM) Highlights • Total rev
Slide 10: Positive evolution of business despite the impact on claims
Due to a positive evolution of business despite the impact on claims TOTAL REVENUES 9, 000 ∆ COP 1.4 trillion vs 2T21 8, 000 7,525 6,909 CONSOLIDATED INCOME STATEMENT June 21 June 22 Var. $ Var.% 6,603 6,596 6,115 7, 000 Written premiums 9,983 12,536 2,554 26% 6, 000 5,310 5,348 5,330 5,521 Retained
Slide 11: Suramericana
SURAMERICANA Sao Paulo - Brasil
Slide 12: Driven by premium growth, positive investment performance and expense control
Driven by premium growth, positive investment performance and expense control CONSOLIDATED INCOME STATEMENT June 21 June 22 Var. $ Var.% CLAIMS RATE* Written premiums 9,716 12,246 2,530 26% Retained premiums 8,121 10,513 2,392 29% 1 , 500 71% 71% 70% 71% 72% 73% 80% Adjustments to reserves 167 -273
Slide 13: Life segment results
Results continue positive path due to higher financial income and lower COVID claims WRITTEN PREMIUMS RETAINED CLAIMS* Highlights ∆ COP 257 billion ∆ COP 41 billion 1,783 68.2% 68.2% 66.6% 65.7% 64.0% 1,526 +16.8% • Written premiums was driven by the 1,052 981 930 996 1,094 Occupational Health and S
Slide 14: Property and Casualty segment results
Positive evolution in business even with the impact on claims WRITTEN PREMIUMS RETAINED CLAIMS* Highlights ∆ COP 853 billion ∆ COP 316 billion 53% 55% 55% 57% 51% 4, 000 3, 500 +39.7% 2,999 • The Chilean subsidiary issued property 1,019 933 867 policies with maturities of more than 3, 000 2,146 703
Slide 15: Health Care segment results
Growth in premiums was driven by the increase in subscriber base of the Mandatory Health Care subsidiary (EPS) WRITTEN PREMIUMS RETAINED CLAIMS Highlights ∆ COP 318 billion ∆ COP 362 billion 90.8% 94.2% +17.0% 2,183 • EPS +752 thousand additional 1,865 1,694.1 2,055.7 subscribers compared 2T21 which
Slide 16: Net income shows positive evolution in business
Net income shows positive evolution in business NET INCOME 186 ∆ COP 150 billion 159 104 62 -91 9 -11 10 5 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 NET INCOME BRIDGE Net Income Operating Interest Net Income Life P&C Health Care Other 2021 Expenses Expense 2022 16 Figures in COP billions
Slide 17: Good half-year results confirm projected recovery
Good half-year results confirm projected recovery % Var. or Ratio Jun 22 Guidance 22 • Positive dynamics in all businesses Written Premiums 26.0% 11.0% - 13.0% • Inflationary effects mainly in automobiles • Increases in EPS users • Increases in average costs, mainly in the automobile 72.4% 70.0% - 7
Slide 18: Capital humano
Capital humano Habilitamos en las personas las competencias y los conocimientos que favorezcan, desde la flexibilidad y diversidad, el pleno desarrollo del ser y de su potencial para generar valor a la compañía, los grupos de interés y la sociedad como un todo Lima • Perú
Slide 19: SURA AM consolidated results
Explained by the performance of the markets, the decrease in commissions in Mexico and the difference in exchange COMMISSION INCOME 800 ∆ COP -47 billion 90% 80% 700 102 105 105 95 94 70% 100 101 600 CONSOLIDATED INCOME STATEMENT June 21 June 22 Var. $ Var.% 72 85 578 583 60% 562 500 500 542 527 509
Slide 20: Retirement Savings segment results
Results affected by lower commission rate in Mexico and lower legal reserve yields TOTAL AUM COMMISSION INCOME Highlights ∆ COP 9.1 trillion ∆ COP -46 billion 562 578 583 489 509 516 -8.3% 480 +1.9% • 18.6% increase in the salary base due to 281 300 301 213 218 -22.3% inflation levels and good dynam
Slide 21: Efforts continue to mitigate the impact on the markets
Efforts continue to mitigate the impact on the markets TOTAL AUM NET COMMERCIAL INFLOWS Highlights ∆ COP 6.2 trillion ∆ COP 787 billion • Voluntary segment AUM growth of 8.7% 77.1 70.9 +8.7% 1,159 from 2.1 million customers -748 658 628 40 • Alpha in 75% of traditional AUM vs. 65% in 1Q22 2Q21 2Q22
Slide 22: Net income impacted by legal reserve and FX difference
Net income impacted by the performance of the legal reserve and FX difference NET INCOME ∆ COP -100 billion vs 2Q2021 250 220 174 189 137 116 102 90 -47 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 NET INCOME VARIATION Net Income 2021 ∆ Net Income SURA AM ∆ Encaje SURA AM* ∆ Fx Impact SURA Net Incom
Slide 23: Market impacts lead to below-estimated performance
Market Impacts lead to below-estimated performance % Var. or ratios Jun 22 Guidance 22 • Global financial markets volatility AUM 1.1% 10.0% - 12.0% • Negative returns impacting fee income in Mexico and Peru Commission (7.0%) (2.0%) – (5.0%) • Slower dynamics in Inversiones SURA and Investment income
Slide 24: Consolidated Results
= Consolidated Results GRUPO SURA Santiago de Chile + Chile
Slide 25: Positive company results, driven by Bancolombia, Nutresa and Argos
Positive company results, mainly driven by Bancolombia, Nutresa and Argos. +23.0% Highlights 543 503 409 410 336 239 • Equity method continues to grow 175 +23.0% vs 2Q21 59 25 • Equity method driven by 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 Bancolombia and Nutresa with growth of 106.6% and 37.
Slide 26: Controlling net income and ROE continue to show recovery
Controlling net income and ROE continue to show recovery and good business performance Net income ∆ Grupo SURA and others COP - 127 YTD +55.3% Net Income 2021 Suramericana SURA AM Equity Method ∆ Fx Impact** ∆ Admin. Expenses ∆ Interest ∆ Other* Net Income 2022 Expenses % Var. or Ratio Jun 22 Guidan
Slide 27: Reviewing best practices to reflect shareholder agreements in financial statements
The company, at the request of its Board of Directors, is reviewing best practices to reflect said Agreements in the financial statements Background • The agreements include corporate governance provisions, minimum tenure periods, exit mechanisms and, in general, clauses customary in shareholder agr
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