Banco Davivienda SA · BVC:PFDAVVNDA
Banco Davivienda SA — Q3 2015 Earnings Presentation
21 slides from Banco Davivienda SA's earnings presentation, 2015
Slide 1: Earnings Presentation 3Q15 Consolidated Results
Earnings Presentation 3Q15 Consolidated Results
Slide 2: Disclaimer
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: Content
Content Third Quarter Highlights Third Quarter 2015 Financial Results 3
Slide 4: Third Quarter Highlights
THIRD QUARTER HIGHLIGHTS
Slide 5: Main Results
Third Quarter Highlights Main Results Net Income & ROAE Net income grew by 24.3% totaling COP$1.1 trillion. ROAE 18.6%.1 Gross Loans Gross loans portfolio reached COP$61.4 trillion, grew by 28,8%. Portfolio income 9M15 reached COP$ 4.8 trillion, grew by 24%. Portfolio Income Gross financial margin 9
Slide 6: Retail Loans
Third Quarter Highlights Retail Loans Consolidated retail1 loans reached COP$28.7 trillion increasing 21.7% Consolidated mortgage loans portfolio grew 21.1% compared to the same period last year. Consolidated consumer portfolio reached COP$15.7 trillion, an increase of 22.3% compared to 3Q14. Payrol
Slide 7: Commercial Loans
Third Quarter Highlights Commercial Loans Commercial loans(1) reached COP$32.7 trillion, increasing 35.7% compared with 3Q14. While Colombia grew by 26.2% compared with the same period. The growth in corporate loans in Colombia is highlighted with an annual growth of 25.2%. The Constructor loans por
Slide 8: International Subsidiaries Results
Third Quarter Highlights International Subsidiaries Results(1) Accumulated Net Income in International Subsidiaries grew in USD 20% compared to the same period of last year, totaling US$56 million2. Return on equity (ROAE) of international subsidiaries was 10.2%. Evolution on ROAE(3) Acquisition CA
Slide 9: Other Highlights
Third Quarter Highlights Other Highlights Debt: In July Costa Rica Bank issued ordinary bonds for US$251 million. In July the Bank in El Salvador acquired a financial obligation of US$175 million for seven years. In October, we securitized COP$123 billion worth of mortgages loans. In November were i
Slide 10: Other Highlights
Third Quarter Highlights Other Highlights Merger with Leasing Bolívar: The merger with Leasing Bolívar was approved at the Extraordinary Assembly on September 23. The terms of trade was: It is expected to begin operations on January 1st , 2016. Cultivarte: We have 33 branches of Cultivarte in 13 dep
Slide 11: Third Quarter 2015 Financial Results
THIRD QUARTER 2015 FINANCIAL RESULTS
Slide 12: Assets
Consolidated Assets (COP trillion) 1. Local homologated figures. Do not include deletions of Colombia under the international subsidiaries by COP 1,1 trillion. Devaluation of COP 3Q15 was 52.7% Y/Y and 18.8% Q/Q. 12
Slide 13: Gross Loans
Consolidated Gross Loans (COP trillion) 1. Includes Microcredit. 2. Figures in local homologated accounting. Devaluation of COP 3Q15 was 52.7% Y/Y and 18.8% Q/Q. 13
Slide 14: Quality and Coverage (%)
Consolidated Quality and Coverage (%) Total Commercial(1) Quality: Loans >90 days. Coverage: Allowances / Loans >90 days. 1 Commercial includes microcredit. 14
Slide 15: Quality and Coverage (%)
Consolidated Quality and Coverage (%) Consumer Mortgage Quality: Loans >90 days. Coverage: Allowances / Loans >90 days. 15
Slide 16: Funding Sources
Consolidated Funding Sources (COP trillion) Net Loans / Funding Sources 88.4% 86.2% 88.2% 1. Figures in local homologated accounting. 16
Slide 17: Capital Structure
Consolidated Capital Structure Equity Solvency (COP billion) COLGAAP IFRS 13.0% Y/Y: 17.4% 12.1% 12.0% Q/Q: 7.5% 11.2% 5.1 % 5.1 % 5.0% 4.7 % 9% 8.3 7.9 % 7.5 7.7 6.5 % 6.9 % 7.1 % 7.1 4,5% Sep. 14 Mar. 15 Jun. 15 Sep. 15 Sep. 14 Mar. 15 Jun. 15 Sep. 15 Tier I Tier II Minimum Required 17
Slide 18: Financial Margin, Net
Consolidated Financial Margin, Net ACCUMULATED (COP billion) QUARTER NIM(2) Jun 15 Sep 15 6.7% 6.5% 3Q14 2Q15 3Q15 Sep. 14 Sep. 15 1. Figures in local homologated accounting. 2. NIM: Gross Financial Margin (12 months) / Average Productive Assets. 18
Slide 19: Expenses
Consolidated Expenses ACCUMULATED (COP billion) QUARTER Efficiency(1) Jun 14 Sep. 15 50.3% 48.6% 3Q14 2Q15 3Q15 3Q15 3Q15 / 2Q15 3Q15 / 3Q14 Sep. 15 Sep. 15 / Sep. 14 $ (%) (%) $ (%) 266 -6.6 12.9 Personnel Expenses 815 18.8 244 -9.0 4.3 Operating Expenses 761 7.5 (2) 99 9.4 23.7 Other Expenses 284
Slide 20: Net Income
Consolidated Net Income (COP billion) ACCUMULATED QUARTER Jun. 14 Jun. 15 (Accm) (Accm) 408 ROAE(2) 17.5% 18.6% 328 237 ROAA(3) 1.95% 1.92% 3Q14 2Q15 3Q15 1. Net income after eliminations, homologations and homogenizations. 2. ROAE = Net income (6 months) / Average Equity. 20 3. ROAA: Net Income (6
Slide 21: Thank You!
Thank You! atencionainversionistas@davivienda.com +57 1 2203495