Grupo De Inversiones Suramericana S.a. · BVC:GRUPOSURA
Grupo De Inversiones Suramericana — Grupo SURA — Q3 2020 Earnings Presentation
19 slides from Grupo De Inversiones Suramericana's earnings presentation, November 2020
Slide 1: Results Presentation Grupo SURA
R E S U LT S P R E S E N TAT I O N GRUPO SURA
Slide 2: Disclaimer
The forward-looking statements contained herein are based on DISCLAIMER Management’s current forecasts and outlook. For better illustration and decision-making, figures for Suramericana, SURA Asset Management and its subsidiaries are administrative rather than accounting, and therefore may differ fr
Slide 3: Medellín – Colombia
MEDELLÍN– COLOM BIA
Slide 4: The crisis has reaffirmed our strategy
T H E C R I S I S H A S R E A F F I R M E D O U R S T R AT E G Y RELEVANCE OF HUMAN BE MORE RELEVANT TO EVOLUTION OF OPERATING TALENT CUSTOMERS MODELS • Care and well-being of people • Focus on delivering well-being • Facilitates the execution of the and sustainability to people and strategy compani
Slide 5: Financial strength and liquidity
U P D AT E FINANCIAL MANAGEMENT AND RISKS FINANCIAL STRENGTH Dynamic stress tests Liability management: COP 2.3 tn in debt operations • Gives us the ability to anticipate • Debt payments: COP 590,000 MM • Solvency and liquidity at adequate levels AND LIQUIDITY • Debt refinanced for COP 1.74 tn. Bene
Slide 6: Revenue growth continues
REVENUE GROWTH CONTINUES Positive net income driven by operating results CONSOLIDATED INCOME STATEMENT sep-20 sep-19 Var$ Var% Retained premiums (net) 8,158 8,171 (13) -0.2% Commission income 2,075 2,020 56 2.8% Revenues from services rendered 3,515 2,944 571 19.4% REVENUE AND OPERATING EARNINGS EVO
Slide 7: Investment income and equity method
INVESTMENT INCOME AND EQUITY METHOD Explain the decrease in net income and volatility in 2020 results Equity method Quarterly Evolution 367 380 sep-20 sep-19 Var$ Var% 280 Bancolombia 133 647 (515) -79.5% 184 Grupo Argos (26) 68 (94) 180 Grupo Nutresa 166 145 21 14.4% Protección 59 155 (96) -62.0% 8
Slide 8: Net income continues path of recovery in the quarter
N E T I N C O M E CONTINUES PATH OF RECOVERY IN THE QUARTER However, the results of associates and SURA AM decrease YTD CONTRIBUTION TO CONSOLIDATED NET INCOME sep-20 sep-19 Var% Q3-2020 Q3-2019 Var% Suramericana 302 300 1% 9 126 -92% SURA AM 257 682 -62% 137 251 -45% Grupo SURA (holding) & other (1
Slide 9: Results | 9M 2020 Buenos Aires – Argentina
R E S U LT S | 9M 2020 BUENOS AIRES – ARGENTINA
Slide 10: Stable growth of revenues and net income
S TA B L E G R O W T H O F R E V E N U E S A N D N E T I N C O M E Even with more COVID-19 related impacts in Q3-2020 COP RETAINED EARNED PREMIUMS REVENUES SERVICES RENDERED TOTAL WRITTEN PREMIUMS* 13.6 tn 10.0% CLAIMS RATIO (%REP) % COST OF SERVICES 53% 55% 55% 54% 54% 55% 93% 97% 93% 92% 94% 96% 9
Slide 11: Diversification compensates for impact of the pandemic in Colombia
D I V E R S I F I C AT I O N COMPENSATES FOR IMPACT OF THE PANDEMIC IN COLOMBIA Main impacts in the Life insurance segment CONTRIBUTION TO NET INCOME BY SEGMENT sep-20 sep-19 Var$ Var% Q3-2020 Q3-2019 Var$ Var% Life 197 399 (202) -51% (34) 167 (201) -120% P&C 223 (5) 228 -4289% 57 (48) 105 -218% Hea
Slide 12: Life segment with growth in premiums
LIFE SEGMENT WITH GROWTH IN PREMIUMS But with higher claims ratio, especially in workers’ compensation YTD COP 3.8 bn (+7.6%) 20% 21% 18% 15% 19% 19% 17% 18% 22% 8% 13% 7% 19% 6% 10% 4% 5% 6% 8% 9% 21% 16% 17% 18% 8% 19% 17% 23% 1.2 1.2 1.2 1.3 1.3 1.3 1.1 65% YTD 57.9% 59% 61% 57% 59% 49% 50% (-128
Slide 13: P&C segment posted positive results
P & C S E G M E N T POSTED POSITIVE RESULTS Driven by operating dynamic and higher contribution from international operations YTD 115% COP 4 bn (-3.8%) 105% 105% 109% 106% 107% 100% 14% 13% 26% 26% 26% 25% 26% 29% 10% 8% 29% Combined Ratio 9% 8% 9% 8% 9M 2020: 7% 21% 10% 1.5 5% 19% 20% 8% 104.5% 1.4
Slide 14: Healthcare segment with positive results
H E A LT H C A R E S E G M E N T W I T H P O S I T I V E R E S U LT S Even with investments and expenses related to the pandemic Acum. COP 4.1 bn (+23.4%) 25% 27% 91.6% 91.2% Acum. 23% 24% 88.4% 88.2% 89.0% 89.6% 21% 86.9% 89.9% (-52 pbs) 17% 18% 1.5 1.3 1.3 1.2 1.2 1.1 1.0 10.7% 9.7% 11.2% 9.9% Acu
Slide 15: Results | 9M 2020 Montevideo – Uruguay
R E S U LT S | 9M 2020 MONTEVIDEO – URUGUAY
Slide 16: Commission income stable, even with lower fees
COMMISSION INCOME STABLE, EVEN WITH LOWER FEES Return on legal reserve continues to impact results RETURN ON LEGAL RESERVE OPERATING EARNINGS OPERATING EARNINGS EXC. ENCAJE* 437 Q3-2020 Q3-2019 Var$ Var% 284 385 325 326 310 Commission income 1,701 1,695 6 0.4% 294 Income from legal reserves 77 319 (
Slide 17: Retirement savings maintains revenue levels
R E T I R E M E N T S AV I N G S M A N TA I N S R E V E N U E L E V E L S Compensating for higher unemployment rates and lower fees in some countries COMMISSION INCOME TOTAL AUM (COP tn) 505 500 YTD 2020 +6.9% 466 457 238 COP 1.5 tn 427 264 235 (-1.5%) 355 367 12.4% 11.0% COP 735,005 MM 5.6% (+7.5%)
Slide 18: Savings and investments + investment management
S AV I N G S A N D I N V E S T M E N T S + I N V E S T M E N T M A N A G E M E N T Continues with double digit growth in revenues, AUM and net flow 65.2 YTD: COP 229,167 MM (+17.2%) +20.9% +16.2% COP 43,820 MM (-7.4%) 56.2 85 70 +8.3% 15 17 1T2019 2T2019 3T2019 4T2019 1T2020 2T2020 3T2020 1T2019 2T2
Slide 19: Investor relations contacts
CEO: GONZALO PÉREZ CFO: RICARDO JARAMILLO Head of Investor relations: JUAN CARLOS GÓMEZ jcgomez@gruposura.com.co Investor Relations specialist: ANDRÉS ZULUAGA azuluagaa@gruposura.com.co (574) 3197039 CLICK HERE TO ACCESS REPORTS