Banco De Bogota Sa · BVC:BOGOTA
Banco De Bogota Sa — Q1 2017 Earnings Presentation
18 slides from Banco De Bogota Sa's earnings presentation, May 26, 2017
Slide 1: 1Q-2017 Consolidated Results Conference Call
1Q-2017 Consolidated Results Conference Call FULL IFRS May 26th, 2017 The IR Recognition granted by the Colombian Securities Exchange (Bolsa de Valores de Colombia S.A) is not a certification of the registered securities or the solvency of the issuer.
Slide 2: Disclaimer
Disclaimer Banco de Bogotá is an issuer of securities in Colombia. As a financial institution, the Bank, as well as its financial subsidiaries, is subject to inspection and surveillance from the Superintendency of Finance of Colombia. As an issuer of securities in Colombia, Banco de Bogotá is requir
Slide 3: 2017 First Quarter Performance Highlights
2017 First Quarter Performance Highlights Attributable Net Income for the period was $616.8 billion pesos before the wealth tax which represented a 19.8% increase versus 1Q16. Including the wealth tax the attributable net income was $558.4 billion. Key Metrics Commentary • ROAA: 1.9% / ROAE: 15.3%(1
Slide 4: Macroeconomic Context - Colombia (1/3)
Macroeconomic Context - Colombia (1/3) Quarterly GDP (YoY %) Annual GDP growth by sector (YoY %) 2014 2015 2016 2017e -15% -10% -5% 0% 5% 10% 4.6% 3.1% 2.0% 2.0% - 2.2% 8% GDP 1.1% 2.7% Agriculture 7.7% -0.1% 6% -9.4% Oil and Mining -4.6% Industry 0.3% 4% 4.3% Electricity, gas and water -0.6% 2016 2
Slide 5: Macroeconomic Context - Colombia (2/3)
Macroeconomic Context - Colombia (2/3) Core and total inflation (YoY %) Market-based inflation expectations – BEI** (%) 10% 5% Headline inflation (1) Core inflation 4 8% 4% Inflation 3.5% 6% 2014 2015 2016 2017e 5.5% 3% 3.1% 3.7% 6.8% 5.8% 4.5% 4.7% 2.5% 4% 2% 2% 1% BEI 2Y BEI 3Y BEI 5Y Inflation ta
Slide 6: Macroeconomic Context - Colombia (3/3)
Macroeconomic Context - Colombia (3/3) Current Account (% GDP, quarterly) Trade balance (USD M, % GDP, monthly) Current account 6% 2014 2015 2016 2017e 1,500 -USD726 M 4% 4% -5.2% -6.4% -4.4% -4.0% -2.8% GDP 1,000 2% 2% 2.0% 0% 500 0% -3.1% -2% -3.2% 0 -2% -4% -0.8% -1.3% -500 -4% -6% -8% -1,000 -6%
Slide 7: Macroeconomic Context – Central America
Macroeconomic Context – Central America GDP (YoY %) Inflation (YoY %) 5.8 10 6 CR PA GU NI HO ES CENAM 2016 2017e 2017e 5.0 8 5 4.7 4.3 4.5 4.0 3.9 4.0 6 4 3.6 3.4 4.0 4 3.9 3.0 3.3 3.2 3 2.4 2.3 2.4 2 1.6 2 1.5 0 0.5 1 -2 0 -4 El Salvador Guatemala Honduras Costa Rica Cenam Nicaragua Panamá Mar-14
Slide 8: Consolidated Balance Sheet Structure
Consolidated Balance Sheet Structure Figures in Ps. Trillions Total Assets Growth excluding FX 1Q17/1Q16: 6.8% 1Q17/1Q16: 8.7% 1Q17/4Q16: 1.7% 1Q17/4Q16: 3.6% 134.7 141.4 143.9 1Q-16 4Q-16 1Q-17 Assets Breakdown 1Q-16 4Q-16 1Q-17 20.6% 20.2% 20.7% 3.3% 3.2% 3.2% 7.9% 8.5% 8.8% 67.2% 68.7% 67.5% Colo
Slide 9: Consolidated Loan Portfolio Breakdown by Business Segment
Consolidated Loan Portfolio Breakdown by Business Segment Figures in Ps. Trillions Gross Loan Portfolio Growth excluding FX 1Q17/1Q16: 8.3% 1Q17/1Q16: 6.5% 1Q17/4Q16: -0.8% 1Q17/4Q16: 0.9% 90.4 97.0 96.3 1Q-16 4Q-16 1Q-17 Gross Loan Portfolio Breakdown Commercial Consumer Mortgage Microcredit Growth
Slide 10: Loan Portfolio Quality (1/3) – Consolidated
Loan Portfolio Quality (1/3) – Consolidated 30 days PDLs/ Gross Loans Cost of Risk (1) 90 days PDLs / Gross Loans Provision loss (net of recoveries of charged-off assets) / Average Loans 30 days PDLs / Gross Loans 90 days PDLs / Gross Loans Provision loss / Average Loans Excluding Extraordinary (3)
Slide 11: Loan Portfolio Quality (2/3) – Colombia and Central America
Loan Portfolio Quality (2/3) – Colombia (1) and Central America Colombia COP Central America USD 1Q-16 4Q-16 1Q-17 1Q-16 4Q-16 1Q-17 Delinquency Ratio 30 day PDLS / Gross Loans 3.0% 2.9% 4.0% 2.3% 2.3% 2.4% Excluding Extraordinary (2) 3.3% 90 day PDLS / Gross Loans 2.0% 2.2% 2.8% 1.0% 1.2% 1.1% Excl
Slide 12: Loan Portfolio Quality (3/3) – Consolidated
Loan Portfolio Quality (3/3) – Consolidated 30 days PDLs 90 days PDLs 1Q-16 4Q-16 1Q-17 1Q-16 4Q-16 1Q-17 Commercial 1.9% 1.8% 2.7% 1.4% 1.6% 2.1% Excluding Extraordinary (1) 2.1% 1.6% Consumer 4.4% 4.4% 4.7% 2.0% 2.1% 2.1% Mortgage 2.5% 2.5% 2.7% 1.2% 1.2% 1.2% Microcredit 12.2% 14.2% 14.6% 7.8% 9.
Slide 13: Consolidated Funding
Consolidated Funding Figures in Ps. Trillions Growth excluding FX Growth excluding FX Total Funding 1Q17/1Q16: 8.9% Total Deposits 1Q17/1Q16: 9.2% 1Q17/4Q16: 3.7% 1Q17/4Q16: 4.0% 1Q17/1Q16: 7.1% 1Q17/1Q16: 7.5% 1Q17/4Q16: 2.0% 1Q17/4Q16: 2.3% 119.5 121.9 93.7 95.8 113.8 89.1 1Q-16 4Q-16 1Q-17 1Q-16
Slide 14: Equity and Capital Adequacy
Equity and Capital Adequacy Figures in Ps. Trillions Attributable Equity + Minority Interest Shareholders ‘ Equity 1Q17/1Q16: 3.1% 1Q17/1Q16: 2.6% 1Q17/4Q16: -3.5% 1Q17/4Q16: -3.6% 17.2 16.6 15.4 16.4 15.8 16.1 0.8 0.7 0.8 15.4 16.4 15.8 1Q-16 4Q-16 1Q-17 1Q-16 4Q-16 1Q-17 Total Equity Shareholders'
Slide 15: Consolidated Net Interest Margin
Consolidated Net Interest Margin Quarterly Net Interest Margin Growth excluding Net Interest Income(1) (Billion COP) FX Growth Rate 1Q17/1Q16: 15.2% 1Q-16 4Q-16 1Q-17 1Q17/1Q16 1Q17/4Q16 1,536.8 1,654.0 1,679.4 9.3% 1.5% 1Q17/4Q16: 3.0% Net Interest Margin on Investments (2) Net Interest Margin on L
Slide 16: Fees and Other Operating Income
Fees and Other Operating Income Figures in Ps. Billions Gross Fee income Growth excluding FX 1Q17/1Q16: 3.0% 1Q17/1Q16: 8.7% 1Q17/4Q16: -2.9% 1Q17/4Q16: -1.5% 979.2 1,038.7 1,008.6 2.8% 3.2% 2.9% Other 21.8% 18.6% 23.8% 3.5% 3.8% 3.8% Pension fees Fiduciary activites 71.9% 74.5% 69.5% Banking fees 1
Slide 17: Consolidated Efficiency Ratio
Consolidated Efficiency Ratio Operating Expenses/ Total Income(1) Operating Expenses/Average Assets (2) 49.8% 48.2% 47.6% 3.81% 3.92% 3.68% (4) (4) (3) 1Q-16 4Q-16 (3) 1Q-17 1Q-16 4Q-16 1Q-17 1/ Calculated as Personnel plus administrative expenses divided by net interest income plus net trading inco
Slide 18: Profitability
Profitability Figures in Ps. Billions Net Income attributable to controlling interest Figures excluding wealth tax 616.8 514.9 547.7 558.4 370.0 1Q-16 4Q-16 1Q-17 ROAA (1) 1.9% 1.7% 1.7% 1.7% 1.2% 1Q-16 4Q-16 1Q-17 ROAE (2) 15.5% 15.3% 11.1% 13.6% 13.9% 1Q-16 4Q-16 1Q-17 (1) ROAA for each quarter is