Banco Davivienda SA · BVC:PFDAVVNDA
Banco Davivienda SA — Q2 2014 Earnings Presentation
24 slides from Banco Davivienda SA's earnings presentation, August 2014
Slide 1: Fe de erratas
Fe de erratas Due to changes in some of the information of the second quarter 2014. (Slide 8) Davivienda believes on infrastructure projects (4G). We have pre-approved lines on current auction processes for more than COP$3.5 trillion and are targeting to participate in future projects financing. 1
Slide 2: Earnings Presentation 2Q14 Consolidated Results
Earnings Presentation 2Q14 Consolidated Results
Slide 3: The examples given shouldn’t be taken as a guarantee for future projections and it
The information presented here is exclusively informative and illustrative. 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 internally by DA
Slide 4: Content
Content Second Quarter Highlights Second Quarter 2014 Results 4
Slide 5: Second Quarter Highlights
Second Quarter Highlights
Slide 6: Main Results
Second Quarter Highlights Main Results Accumulated Net Income1 totaled $508.3 billion, 86.3% more compared to 1H13. ROAE2 rose to 16.5% from 10.73% (2Q13). Efficiency3 reached 51.5%, 420 bps below 2Q13 results. Gross loan portfolio increased 19.9% compared to 2Q13. Net portfolio provisions4 indicato
Slide 7: Consumer Loans
Second Quarter Highlights Consumer Loans Mortgage loan portfolio grows 40.9% compared to June 2013. Mortgage disbursements totaled $873 billion, 25.2% more than compared to 2Q13. The balance of consumer loans up 10.9% with 24.7% growth in payroll portfolio in Colombia compared to 2Q13. Growth regain
Slide 8: Commercial Loans
Second Quarter Highlights Commercial Loans Commercial loans grew 17.1% compared to 2Q13. The growth on corporate portfolio in Colombia stands out with an annual growth of 18.0%. The balance of the constructor portfolio grows 27.5% compared to 2Q13. Davivienda believes on infrastructure projects (4G)
Slide 9: Assets under the management
Second Quarter Highlights Assets under the management Assets under management grew 62.6% compared to last year mainly due to the integration with Corredores Asociados and growth in collective portfolios 9
Slide 10: Daviplata Continues Generating Value
Second Quarter Highlights Daviplata Continues Generating Value Fee and commission income grew 26.9% over 2Q13. 2,203 companies made payment dispersion through the system. Agreements with companies grew 29.6% annually. In May The Bogota Chamber of Commerce granted the first Shared Value Award to Davi
Slide 11: Debt Issuance
Second Quarter Highlights Debt Issuance In May Davivienda issued senior bonds COP$600 billion in senior bonds were issued. IFC1 disbursed2 to Davivienda S.A. a subordinated loan of US$172.5 million with a tenor of 9 years. Davivienda Salvadoreño acquired a senior loan of US$50 million with a tenor o
Slide 12: Second Quarter 2014 Results
u = LU Consolidado 10 (%) YWY (%) Depdsitos a la vista 38 17,0 Depésitos a término 05 15,4 Bonos 66 0,3 Créditos con E de 09 5,5 Fuentes de Fondeo -1,1 12,9 Comercial ' Calidad Colombia ~--- Coberture Colombia — 2 DAVIMIENDA
Slide 13: Assets
Consolidated Assets (COP Trillions) Consolidated Q/Q (%) Y/Y (%) Cash -8.8 7.6 Investments, net -15.7 -16.8 Loans, net 5.0 20.5 Other assets -0.5 0.2 Assets 0.5 12.0 ROAA(1) 1.31% 1.61% 1.91% Assets Jun. 13 Mar. 14 Jun. 14 Q/Q (%) Y/Y (%) Colombia 43.2 48.4 48.7 0.6 12.7 International (2) 10.7 11.5
Slide 14: Gross Loans
Consolidated Gross Loans (COP Trillions) Consolidated Q/Q (%) Y/Y (%) Mortgages (1) 5.6 40.9 Cosumer 4.4 10.9 Commercial (2) 4.9 17.1 Gross Loans 5.0 19.9 Gross Loans Jun. 13 Mar. 14 Jun. 14 Q/Q (%) Y/Y (%) Colombia 30.7 35.2 37.3 5.9 21.5 International (3) 6.6 7.4 7.5 0.7 12.8 International USD$ 3.
Slide 15: Quality and Coverage (%)
Consolidated Quality and Coverage (%) Quality Consolidated Quality Colombia Coverage Consolidated Coverage Colombia Quality: Loans>90 days. Coverage: Allowances/ Loans>90 days. 15
Slide 16: Quality and Coverage (%)
Consolidated Quality and Coverage (%) Consumer Commercial 1 Mortgages2 Quality Consolidated Quality Colombia Coverage Consolidated Coverage Colombia Quality: Loans>90 days. Coverage: Allowances/ Loans>90 days. 1. Commercial includes microcredit. 2. Mortgages includes leasing. 16
Slide 17: Funding Sources
Consolidated Funding Sources (COP Trillions) Consolidated Q/Q (%) Y/Y (%) Demand Deposits -3.8 17.0 Term Deposits -0.5 15.4 Bonds 6.6 0.3 Credits 0.9 5.5 Funding Sources -1.1 12.9 Loans, Net/ Funding 81.4% 81.8% 86.9% Sources(1) Funding Sources Jun. 13 Mar. 14 Jun. 14 Q/Q Y/Y Colombia 35.0 40.4 39.8
Slide 18: Capital Structure
Consolidated Capital Structure Solvency 9% Minimum Requirement Tier I 4.5% Tier II Equity (COP Trillions) Q/Q: 3,8% Y/Y: 12,3% 18
Slide 19: Financial Margin, Gross
Consolidated Financial Margin, Gross (COP Billions) QUARTERLY ACCUMULATED 849 1,681 832 1,281 NIM(1) Jun. 13 Mar. 14 Jun. 14 470 2,442 1,237 7,0% 6,6% 7,1% 1,205 2,029 824 Financial Income(2) -354 -373 -388 -714 -762 Financial Expenses 2Q13 1Q14 2Q14 Jun. 13 Jun. 14 Consolidated Consolidated Colombi
Slide 20: Expenses
Consolidated Expenses (COP Billions) QUARTERLY ACCUMULATED 1,280 668 1,154 612 Efficiency(1) 592 Jun. 13 Mar. 14 Jun. 14 55.7% 54.5% 51.5% 2Q13 1Q14 2Q14 Jun.13 Jun.14 June 2014 2Q14/1Q14 June 2014 June 204 Jun 14/Jun 13. $ (%) $ (%) 233.3 4.5 Personnel Expenses 456.7 8.8 272.0 12.2 Operating Expens
Slide 21: Net Income
Consolidated Net Income (COP Billions) QUARTERLY ACCUMULATED 268 508 240 ROAE(1) Jun. 13 Mar. 14 Jun. 14 273 10.7% 15.0% 16.5% 34 2Q13 1Q14 2Q14 Jun.13 Jun.14 2Q14 2Q14 / 1Q14 June 2014 Jun. 14/ Jun. 13 (%) (%) 642 -4.0 Financial Margin, net 1,311 55.1 306 -2.6 Fees & Commissions 620 11.5 -668 9.2 T
Slide 22: Accumulated Net Income
Consolidated Accumulated Net Income (COP Billions) Dividends received from international subsidiaries Net incmer from international subsidiaries Net Income from colombian subsidiaries Deletions Homogenizations Colombia includes Davivienda´s individual net income, local subsidiaries, dividends receiv
Slide 23: Financial Summary
Consolidated Financial Summary Var % Statement Of Income June 2013 June 2014 Jun. 14 / Jun. 13 $ $ Total Income 1,995 2,442 22.41 Loan Income 2,029 2,254 11.09 Investment Income -41 179 N/A Interbanks and Overnight Income 7 10 35.55 Interest Expenses 714 762 6.70 Financial Margin, Gross 1,281 1,681
Slide 24: ¡Gracias Thank You!
¡GraciasThank por su atención! You! atencionainversionistas@davivienda.com +57 1 2203495