Grupo de Inversiones Suramericana S.A. · BVC:GRUPOSURA

Grupo de Inversiones Suramericana — Q3 2022 Earnings Presentation

25 slides from Grupo de Inversiones Suramericana's earnings presentation, November 2022

  1. Slide 1: 1

    1

  2. 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

  3. Slide 3: Webcast

    Webcast To change the audio language, click the icon. Para cambiar de idioma, haga clic en icono de su preferencia.

  4. Slide 4: Consolidated Results

    Grupo SURA Suramericana SURA AM Consolidated Results Main Figures Consolidated Results Consolidated Results Equity Method Highlights Life Segment Retirement Savings Segment Net Income Bridge Social Capital Property and Casualty Segment Inversiones Sura + IM Consolidated Results Health Care Segment N

  5. Slide 5: Grupo SURA

    GRUPO SURA Santiago de Chile + Chile

  6. Slide 6: Recording a Controlling Net Income (LTM) of 1.8 Tn

    Recording a Controlling Net Income (Last Twelve Months) of 1.8 Tn TOTAL REVENUES EQUITY METHOD Highlights CAGR +14.8% 28.9 2.0 24.9 21.3 18.3 18.8 20.9 1.3 1.4 • Growth of COP 4.1 trillion vs 1.0 1.1 1.1 15.5 0.8 September of 2021 11.4 0.4 • Efficiency efforts remain a 2015 2016 2017 2018 2019 2020

  7. Slide 7: Regulatory and tax developments

    • Minimum tax rate of 15% for national companies does not affect us looking at 2021 figures, the exercise is being evaluated for September 2022 • Occasional profits would go from 10% to 15% with an effect on the Financial Statements of COP 10,000 million in 2022 • ICA tax ceases to be a tax discount

  8. Slide 8: Accounting treatment of contracts with minority shareholders

    • The company had been treating contracts with minority shareholders as embedded derivatives from the opening IFRS Financial Statements in accordance with the advice received • In the last quarter, the analysis of the contracts was carried out considering, among others, analysis of consultants and a

  9. Slide 9: Performance in Corporate Sustainability Assessment (CSA)

    Performance in Corporate Sustainability Assessment (CSA) 82 80 87 88 82 81 84 77 80 81 73 77 79 76 67 55 Human Social Capital Capital Sustainable 2019 2020 2021 2022 Profitability Economic Enviroment Social Total Natural Financial Capital Capital S T R E N G T H S I M P R O V E M E N T O P P O R T U

  10. Slide 10: Citizenship and democracy initiatives

    Announcement #ThinkWithOthers to build Citizenship and Democracy in Colombia. Institutions 14 advised projects, 1,600 feedback given Against misinformation Conversations and training ✓ 30,000 people increase their ability to detect ✓ 5,519 people participate in “We have to fake news by 33% through D

  11. Slide 11: Evidence of good level of operating performance and equity method

    Evidence of good level of operating performance and equity method TOTAL REVENUES 9, 000 ∆ COP 1.3 trillion vs 3Q21 7,851 8, 000 7,525 6,909 CONSOLIDATED INCOME STATEMENT Sept 21 Sept 22 Var. $ Var.% 6,583 6,616 6,115 7, 000 Written premiums 15,848 19,519 3,671 23% 6, 000 5,348 5,330 5,521 Retained e

  12. Slide 12: Suramericana

    SURAMERICANA Sao Paulo - Brasil

  13. Slide 13: Double-digit premiums growth with positive investment returns and efficiencies

    Double-digit premiums growth, accompanied by positive investment returns and operating model efficiencies CONSOLIDATED INCOME STATEMENT Sept 21 Sept 22 Var. $ Var.% CLAIMS RATIO* Written premiums 15,402 19,100 3,698 24% 1 , 500 71% 71% 70% 71% 72% 73% 74% 80% Retained premiums 12,888 16,263 3,375 26

  14. Slide 14: Life segment: Occupational Health and Safety and Voluntary Health Care growth

    Growth was driven by the Occupational Health and Safety solution and the Voluntary Health Care solution WRITTEN PREMIUMS RETAINED CLAIMS* Highlights ∆ COP 282 billion ∆ COP 178 billion 1,951 68.2% 66.6% 65.7% 64.0% 64.4% +16.9% • Written premiums in Occupational 1,094 1,159 981 930 996 Health and Sa

  15. Slide 15: Property and Casualty: corporate solutions and investment results

    Positive results due to the corporate solutions and investment results WRITTEN PREMIUMS RETAINED CLAIMS* Highlights ∆ COP 713 billion ∆ COP 366 billion 55% 55% 57% 58% 52% 4, 000 3, 500 +30.9% 3,020 • Written premiums leveraged in 3, 000 2,306 948 1,019 1,169 business solutions (+34.2%) and +39.7% 8

  16. Slide 16: Health Care: premiums growth from EPS subscribers

    Double-digit growth in premiums thanks to the increase in EPS (mandatory health care) subscribers WRITTEN PREMIUMS RETAINED CLAIMS Highlights ∆ COP 134 billion ∆ COP 299 billion 8, 000 88.3% 94.0% 93.4% 94.2% 96.5% Written premiums grew explained by 95. 0% 2,219 • 7, 000 2,085 90. 0% 6, 000 513 thou

  17. Slide 17: Net income decelerates due to pressures on claims

    Net income decelerates due to pressures on claims NET INCOME ∆ COP -28 billion 159 104 62 -91 9 -11 10 5 -23 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 NET INCOME BRIDGE Net Income Operating Interest Net Income Life P&C Health Care Other 17 Figures in COP billions 2021 Expenses Expense 2022

  18. 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

  19. Slide 19: Efficiency efforts in expenses partially mitigated impacts

    However, efficiency efforts in expenses have partially mitigated these impacts COMMISSION INCOME ∆ COP -17 billion 800 90% 80% Sept 21 Sept 22 Var. $ Var.% 700 CONSOLIDATED INCOME STATEMENT 95 102 105 105 110 94 70% 100 101 600 85 578 583 60% Commission income 1,969 1,893 -77 -4% 562 556 500 400 500

  20. Slide 20: Salary base and productivity mitigated lower commission income

    Increase in the salary base and efforts in productivity mitigated the lower income from commissions and the negative returns of the legal reserve TOTAL AUM COMMISSION INCOME Highlights ∆ COP 40.3 trillion ∆ COP -22 billion 578 583 556 -3.9% 506 509 516 465 +8.7% • AUM grows 8.7% in pesos compared to

  21. Slide 21: Continued positive profitability trend in retirement savings

    Continued positive profitability trend, accompanied by commercial and investment strategies TOTAL AUM NET COMMERCIAL INFLOWS Highlights ∆ COP 10.6 trillion ∆ COP -365 billion • AUM grows 14.6% vs 3Q21 and 2.8% in +14.6% 83.0 local currency 72.4 1,159 658 628 294 40 • Fee and commission income increa

  22. Slide 22: Legal reserves continue to pressure net income

    Performance of Legal Reserves continue to put pressure on net income NET INCOME ∆ COP -117 billion vs 3Q2021 450 400 350 300 220 189 250 174 103 137 90 200 116 209 102 160 150 168 -47 100 97 118 50 83 - 35 3 -4 - 50 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 Net Income NI exc. Legal Reserves NET I

  23. Slide 23: Consolidated Results

    = Consolidated Results GRUPO SURA Santiago de Chile + Chile

  24. Slide 24: Equity method: portfolio diversification dynamics

    Good dynamics as a result of portfolio diversification Highlights 543 503 520 409 410 336 • Equity Method expand 54.7% vs. 239 175 3Q21 25 • Results driven by Bancolombia, Argos and Nutresa 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 • Protección continues to be affected mainly by negative Sept 21

  25. Slide 25: Net results and ROE above expectations

    Net results and ROE above expectations Net income ∆ Grupo SURA and others COP -231 YTD +30.4% Net Income 2021 Suramericana SURA AM Equity Method ∆ Fx Impact** ∆ Admin. Expenses ∆ Interest ∆ Other* Net Income 2022 Expenses % Var. or Ratio Sept 22 Guidance 22 Controlling net income +35% 10% - 15% • Ne

Grupo de Inversiones Suramericana — Q3 2022 Earnings Presentation on 6ix