Banco Davivienda SA · BVC:PFDAVVNDA
Banco Davivienda SA — Q1 2020 Earnings Presentation
21 slides from Banco Davivienda SA's earnings presentation, July 2021
Slide 1: Consolidated Financial Results 1Q20
Consolidated Financial Results 1Q20
Slide 2: Opción título o tema
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. Both the financial assessments and forecasts presented herein are based on information and calculations carried o
Slide 3: Macroeconomic Fundamentals Colombia
Macroeconomic Fundamentals Colombia GDP (Y/Y) Davivienda’s Confidence Index1 Source: National Administrative Department of Statistics(DANE) Source: Banco Davivienda Exchange Rate and Oil Prices Monetary Policy Rate and Inflation Source: Financial Superintendence of Colombia and Bloomberg Financial LP
Slide 4: Macroeconomic Fundamentals Central America
Aspectos Macroeconómicos Centroamérica Macroeconomic Fundamentals Central America GDP (Y/Y) Inflation (Y/Y) Exchange Rate Monetary Policy Rate Source: Central Banks. Figures as of May 15th 2020 4
Slide 5: Main Results 1Q20
Main Results 1Q20 Quarter: $224.6 Bn NIM 6.28% Y/Y: -41.6% Q/Q: -42.9% Net Y/Y: -28bps Q/Q: -24bps Profit ROAE: 10.7% Cost-to- 46.5% Y/Y:-148bps Q/Q: -168bps Income Y/Y: 1 bps Q/Q: 31bps $ 109.4 Trillion Capital Total: 11.29% Gross Adequacy Y/Y: -83 bps Q/Q: -33bps Loans Y/Y: 23.3% Q/Q: 12.3% Ratios
Slide 6: Risk Management
Risk Management Market and Liquidity Credit Capital Levels of liquidity able to Defined limits to credit concentration. Adequate capital levels to confront withstand a long period of stress Portfolio diversification stress scenarios Capital adequacy ratio 1.42x 11.29 % Liquidity Coverage Ratio1 +230 b
Slide 7: Measures to address the current situation
Measures to address the current situation Changes in Conditions Credit Payment Deferrals COL Retail Banking Clients and Balance Consumer up to 4 payments Payment Deferrals: +1 Benefited Deferred Mortgage up to 6 payments Clients +29.2 Tn Balance Million Minimum payments deferred with a 0% rate1. Defe
Slide 8: Davivienda Digital Native
Davivienda Digital Native Adaptation and Reaction Share in Subsidy Programs 100% Operational 2X Capacity Youth in Action 100% Digital Channels Increased attention through the Call Center Families in Action 85% +3.5 M VAT Refund 70% Beneficiaries in 66% Remote working 81% Branches Colombia Local Gover
Slide 9: Balance Sheet - Assets
Activo Balance Sheet - Assets 1Q20/4Q19 1Q20/1Q19 Cash 20.9% 27.9% Net Investments 15.4% 32.5% Gross loans 12.3% 23.3% Loan Loss reserves 11.4% 17.4% Others 28.4% 25.7% 1 Assets 14.2% 24.9% Mar. 19 Dec. 19 Mar. 20 FX Effect 7.1% 8.4% Assets Mar. 19 Dec. 19 Mar. 20 1Q20/4Q19 1Q20/1Q19 Colombia 85.4 9
Slide 10: Balance Sheet - Gross Loans
Balance Sheet - Gross Loans 1Q20/4Q19 1Q20/1Q19 Mortgage 6.9% 16.0% Consumer 8.3% 37.9% Commercial 17.7% 19.4% Gross Loans 12.3% 23.3% FX Effect 6.0% 7.1% Mar. 19 Dec. 19 Mar. 20 Gross Loans Mar. 19 Dec. 19 Mar. 20 1Q20/4Q19 1Q20/1Q19 Colombia 70.6 77.8 84.8 9.0% 20.1% COP 18.1 19.6 24.6 25.7% 35.6%
Slide 11: Balance - PDL and Loans by Stages
Balance - PDL and Loans by Stages (%) Loans by Stages PDL1 > 90 days Portfolio 1Q19 4Q19 1Q20 Commercial 4.76% 4.04% 3.81% Consumer 2.31% 2.04% 2.07% Mortgage 3.68% 4.07% 4.41% Total (90) 3.87% 3.46% 3.45% Mortgage2 (120) 2.99% 3.20% 3.50% Total3 (120) 3.71% 3.25% 3.25% 4Q19 1Q20 Stage 1 Stage 2 Sta
Slide 12: Balance - Funding Sources
Balance - Funding Sources 1Q20/4Q19 1Q20/1Q19 Demand Deposits 21.2% 30.7% Term Deposits 7.4% 15.2% Bonds 7.9% 17.9% Credits 40.8% 62.8% Funding Sources 17.4% 27.8% FX Effect 8.3% 9.2% Mar. 19 Dec. 19 Mar. 20 Gross Loans / Funding Sources 95.1% 95.9% 91.7% Funding Sources Mar. 19 Dec. 19 Mar. 20 1Q20
Slide 13: Balance Sheet - Capital Structure
Balance Sheet - Capital Structure Capital Adequacy Ratios Equity (COP Trillion) Minimum Requirement Mar. 19 Dec. 19 Mar. 20 Mar. 19 Dec. 19 Mar. 20 Tier 1 Tier 2 Mar.20/Mar.19 13.2% Mar.20/Dec.19 2.0% Figures in COP trillion At the end of March the COP revaluated 23.7% Q/Q and devalued 27.7% Y/Y 13
Slide 14: P&L - Financial Margin
P&L - Financial Margin 1Q20 $ 1Q20/4Q19 % 1Q20/1Q19 % QUARTER Loan Income 2,695 5.8 13.1 Investment Income + Interbank 120 -40.8 -54.7 Financial Income 2,815 2.3 6.3 Financial Expenses -1,063 1.6 11.9 Gross Financial Margin 1,752 2.8 3.2 Provision Expenses -885 54.8 52.7 Net Financial Margin 867 -23
Slide 15: P&L - Expenses
P&L - Expenses 1Q20 $ 1Q20/4Q19 % 1Q20/1Q19 % QUARTER Personnel Expenses 413 -0.8 9.2 Operating Expenses and 567 -8.6 16.0 Others1 Total Expenses 981 -5.5 13.0 FX Effect 2.2% 5.0% 1Q19 4Q19 1Q20 Annualized Quarter 12 Months Indicator Mar.19 Dec.19 Mar.20 Mar.19 Dec.19 Mar.20 Cost-to-income2 43.8% 50
Slide 16: P&L - Net Income
P&L - Net Income 1Q20 $ 1Q20/4Q19 % 1Q20/1Q19 % QUARTER Net Financial Margin 867 -23.4 -22.4 Operating Income 314 -10.5 1.2 Operating Expenses 981 -5.5 13.0 FX Changes, Derivatives and 116 100 100 Others Income before tax 316 -32.3 -42.1 Taxes 91 11.4 -40.1 Net Income(3) 225 -41.6 -42.9 1Q19 4Q19 1Q
Slide 17: Investor Relations and Capital Management
Investor Relations and Capital Management ir@davivienda.com + (57 1) 220 3495 www.davivienda.com Bogotá - Colombia
Slide 18: Appendix
Appendix 18
Slide 19: Digital Transformation - Customers and Products
Digital Transformation - Customers and Products No. of Customers Total Deposits2 Y/Y (Millions) 212% Central America 122% Total Loans3 Y/Y 212% Colombia 140% Consolidated¹ Colombia Central America Weight in the consumer portfolio 3.7% 8.1% 8.4% Digital 76% 80% 40% Y/Y 31% 31% 23% Number of products
Slide 20: Digital Transformation - Channels
Transformación Digital TransformationDigital - Canales - Channels Product Sales1 Transactional Mix1 (Thousands of products) (Millions of monetary transactions) 1Q18 1Q19 1Q20 1Q18 1Q19 1Q20 Traditional Channels Digital Channels Branch Digital ATM POS Other Branches Evolution2 753 - 12% 749 747 725 6
Slide 21: Balance - Coverage (%)
Balance - Coverage (%) Coverage1 Portfolio 1Q19 4Q19 1Q20 Commercial 101.4% 117.0% 118.5% Consumer 281.8% 280.6% 274.4% Mortgage 38.5% 37.3% 39.5% Total 114.4% 123.1% 122.3% Total Reserves Coverage2 Portfolio 1Q19 4Q19 1Q20 Commercial 113.1% 140.6% 142.3% Consumer 297.2% 319.7% 305.8% Mortgage 72.8%