Banco Davivienda SA · BVC:PFDAVVNDA
Banco Davivienda SA — Q4 2018 Earnings Presentation
16 slides from Banco Davivienda SA's earnings presentation, February 2019
Slide 1: Consolidated Financial Results 4Q18
Consolidated Financial Results 4Q18
Slide 2: The examples given shouldn’t be taken as a guarantee for future projections and it
The information presented here is exclusively for informative and illustrative purposes. It is not, nor does it pretend to be a source of legal or financial consultation regarding any issue. The financial information and projections presented are based on information and calculations carried out int
Slide 3: Macroeconomic Aspects Colombia
Macroeconomic Aspects Colombia Producto Interno Bruto (Var Anual) GDP (Y/Y %) PMI 2018: 2.7% Jan. 17 Jun. 17 Oct. 17 Feb. 18 Jun. 18 Oct. 18 Feb. 19 2.9% 2.7% 2.8% 2.1% 2017: 1.4% 1.6% 1.4% 1.3% 1.2% Mar. 17 Jun. mar-17 17 sep-17 jun-17 Sep. 17 Dec. 17 mar-18 dic-17 Mar. 18 Jun. 18 jun-18 Sep. 18 di
Slide 4: Macroeconomic Aspects Central America
Macroeconomic Aspects Central America GDP (Y/Y %) Inflation (Y/Y) Sep. 16 Dec. 16 Mar. 17 Jun. 17 Sep. 17 Dec. 17 Mar. 18 Sep. 18 Dec. 17 Mar. 18 Jun. 18 Sep. 18 Dec. 18 Exchange Rate Monetary Policy Rate CRC/USD HNL/USD Dec. 17 Mar. 17 Jun. 17 Sep. 18 Dec. 18 Feb. 18 Dec. 17 Mar. 18 Jun. 18 Sep. 18
Slide 5: Main Results 4Q18
Main Results 4Q18 $374 Billion Quarterly NIM 6.49% Net Q/Q: 29.6% Y/Y : 4.0% Q/Q: -4bps Y/Y: +10bps Income $1.39 Trillion Accumulated Efficiency 46.5% Y/Y: 9.0% Y/Y: -13bps $87.8 Trillion Total: 11.93% Capital Gross Y/Y: -40bps Adequacy Tier I: 7.98% Loans Q/Q: 5.0% Y/Y: 12.3% Ratios Y/Y: +44bps Rel
Slide 6: Digital Transformation & DaviPlata
Digital Transformation & DaviPlata 70% 6.5 4.77 22% 5.3 17% 4.06 Digital Customers1 DaviPlata Customers Dec. 17 Dec. 18 Dec. 17 Dec. 18 26% 25% 29% 62% 81 101 1.4 0.9 Digital Transactions2 Dec. 17 Dec. 18 DaviPlata Dec. 17 Dec. 18 App Users 1. Digital customers include Retail, Commercial, DaviPlata
Slide 7: Digital Sales
Digital Sales Mobile Savings Accounts Unsecured Personal Mobile Loans May. 18 Jul. 18 Sep. 18 Dec. 18 May. 18 Jul. 18 Sep. 18 Dec. 18 In 2018, digital sales1 reached 16% of total sales. This represents an increase of 30X. New Launches: Mobile Payroll Loans 1. 100% digital sales + assisted sales Grap
Slide 8: Assets
Assets 4Q18/3Q18 4Q18/4Q17 Cash 5.5% 6.4% Investments, net 14.1% 3.9% Gross Loans 5.0% 12.3% Loan Loss Reserves 5.6% 60.6% Others 5.7% 15.9% Assets 5.9% 9.9% Assets Dec.17 Sep.18 Dec.18 4Q18/3Q18 4Q18/4Q17 Colombia 77.8 81.2 84.4 4.0% 8.6% COP$ 23.9 24.2 27.2 12.1% 13.5% International USD$1 8.0 8.2
Slide 9: Gross Loans
Gross Loans 4Q18/3Q18 4Q18/4Q17 Mortgage 5.5% 16.4% Consumer 4.3% 7.9% Commercial 5.1% 12.7% Gross Loans 5.0% 12.3% Gross Loans Dec.17 Sep.18 Dec.18 4Q18/3Q18 4Q18/4Q17 Colombia 62.5 67.3 69.6 3.4% 11.4% COP 15.7 16.4 18.2 11.5% 15.8% International USD¹ 5.3 5.5 5.6 2.0% 6.4% Figures in COP Trillion
Slide 10: PDL and Coverage
PDL and Coverage PDL1 > 90 days Portfolio 4Q17 3Q18 4Q18 Commercial 2.55% 4.73% 4.62% Consumer 2.63% 2.51% 2.55% Mortgage 3.35% 3.89% 3.92% Subtotal (90) 2.76% 3.96% 3.93% Mortgage2 (120) 2.52% 2.96% 3.03% Total3 (120) 2.57% 3.74% 3.72% Cost of Risk Ratio 4Q17 3Q18 4Q18 Total 2.53% 2.48% 2.36% Cover
Slide 11: Funding Sources
Funding Sources 4Q18/3Q18 4Q18/4Q17 Demand Deposits 10.6% 8.9% Term Deposits (5.1%) 6.1% Bonds 7.7% (11.0%) Credits 8.2% 29.0% Funding Sources 4.0% 7.4% Gross Loans / Funding Sources 92.9% 96.3% 97.2% Funding Sources Dec.17 Sep.18 Dec.18 4Q18/3Q18 4Q18/4Q17 Colombia 63.9 66.2 67.3 1.6% 5.4% COP 20.3
Slide 12: Capital Structure
Capital Structure Capital Adequacy Ratio Equity (COP Trillion) Minimum Required Dec. 18 / Dec. 17: 4.8% Dec. 18 / Sep. 18: 4.3% 12 12
Slide 13: Financial Margin, Net
Financial Margin, Net QUARTER ACCUMULATED Ratio Dec.17 Sep.18 Dec.18 NIM 1 6.39% 6.53% 6.49% Cost of 2.53% 2.48% 2.36% Risk 2 4Q17 3Q18 4Q18 4Q18 4Q18/3Q18 4Q18/4Q17 Dec.18 Dec.18/Dec.17 $ % % $ % 2,270 4.5 5.3 Loan Income 8,862 2.2 165 11.9 (2.3) Investment Income, Interbank 648 (3.5) 2,435 4.9 4.7
Slide 14: Expenses
Expenses QUARTER ACCUMULATED Dec.17 Sep.18 Dec.18 Efficiency2 46.6% 46.5% 46.5% 4Q17 3Q18 4Q18 4Q18 4Q18/3Q18 4Q18/4Q17 Dec.18 Dec.18/Dec.17 $ % % $ % 350 1.4 1.4 Personnel Expenses 1,440 6.0 428 18.5 9.0 Operating Expenses 1,472 6.4 141 14.3 7.0 Other Expenses1 503 11.9 919 10.7 5.7 Total Expenses
Slide 15: Net Income
Net Income QUARTER ACCUMULATED Dec.17 Sep.18 Dec.18 ROAE1 12.5% 13.0% 12.9% ROAA2 1.3% 1.4% 1.4% 4Q17 3Q18 4Q18 4Q18 4Q18/3Q18 4Q18/4Q17 Dec.18 Dec.18/Dec.17 $ % % $ % 1,011 11.9 13.1 Financial Margin, Net 3,877 10.2 326 2.7 0.3 Operating Income 1,296 6.6 919 10.7 5.7 Operating Expenses 3,414 7.0 49
Slide 16: Investor Relations and Capital Management
Investor Relations and Capital Management ir@davivienda.com + (57 1) 220 3495 www.davivienda.com Bogotá-Colombia