Grupo Cibest S.a. · BVC:CIBEST
Grupo Cibest — Q3 2021 Earnings Presentation
25 slides from Grupo Cibest's earnings presentation, Nov 4, 2021
Slide 1: Earnings Results 3Q21
Earnings Results = Bancolombia 3Q21 ~~
Slide 2: 3Q21 Overview
3Q21 Overview Financial Highlights Business Update • Loan book up 3.3% QoQ • More than 14 million clients and 1.4 trillion pesos in deposits adding NEQUI and BALM. • Net fees up 9.1% QoQ • 85% of total transactions and 44% of total sales are done • Basel III CET1 capital ratio of 11.8% and total thr
Slide 3: Macro
Macro Our proprietary indicators show that in 3Q21 the Colombian economy displayed a strong performance Aggregate economic growth – Bancolombia Nowcast Private consumption – Bancolombia cardholders’ purchases (annual % variation, 3-month moving average) (% variation) 2021/2020 2021/2019 NowCast Banc
Slide 4: Loans – Deposits
Loans – Deposits Commercial Consumer Mortgage Commercial Monthly Average $ 128.4 Consumer Monthly Average $ 42.8 Mortgage Monthly Average $ 27.5 134.4 45.6 132.9 133.3 44.5 44.7 29.1 28.8 28.7 130.0 130.7 43.5 28.2 128.9 129.0 42.9 42.9 27.7 27.8 127.5 42.5 27.3 126.2 126.1 27.0 27.0 26.9 124.4 41.6
Slide 5: Digital
Digital Sales Digital Sales vs Total Sales Banking Sales by Channel 350 47.7% 43.7% 50. 0% 366 352 369 263 258 300 40. 0% 298 268 250 30. 0% 257 200 18.8% 20. 0% 150 8.0% 261 271 3.0% 3.3% 107 10. 0% 244 231 100 50 37 0.0 % 132 11 13 0 -10.0% 83 2016 2017 2018 2019 2020 2021 1H19 2H19 1H20 2H20 1H21
Slide 6: NEQUI
NEQUI Users & Deposits Active Users & Churn Ratio (30-day) 8.6 1000 900 9.0 70% 65% 15.0% NPS 7.1 8.0 800 COP 101k/User 7.0 60% 55% 13.0% 700 11.0% 3Q21: 80.7% 6.0 50% 600 36% 9.0% 500 4.0 COP 96k/User 5.0 40% 7.0% CAC 862 4.0 26% 400 30% COP 88k/User 679 3.0 2.8% 5.0% 3Q21*: USD 0.33 300 20% 2.3% 1
Slide 7: Bancolombia a la Mano
Bancolombia a la Mano A LA MANO Users & Deposits Active Users & Churn Ratio (30-day) 600 5.4 5.7 6.0 41% NPS 45% 40% 15.0% 40% 13.0% 550 4.2 COP 102k/User 5.0 35% 31% 3Q21: 63.9% 500 COP 95k/User 28% 11.0% 4.0 30% 450 25% 9.0% CAC 3.0 7.0% 400 552 543 20% 2.0 15% 5.8% 6.3% 5.0% 3Q21: USD 0.36 350 5.
Slide 8: ESG
ESG We promote sustainable economic development to achieve everyone´s well-being Strengthen COP 6.3 Tn Agro-Industry Productivity COP 6.8 Tn SMEs Network COP 1.1 Tn Technological Adoption Businesses with purpose COP 1.1 Tn Decarbonization-Climate Change 26.5 Sustainable Trillion COP 0.2 Tn Sustainab
Slide 9: Credit Reliefs
Credit Reliefs Credit Reliefs over total loans Credit Reliefs over total loans Credit Reliefs over total loans Credit Reliefs over total loans Credit Reliefs over total loans 6% 3% 20% 8% 0% 50% 21% 29% 73% 24% 3% 34% 18% 48% 67% 30% 3% Loans under reliefs by Stages Loans under reliefs by Stages Loa
Slide 10: Credit Reliefs
Credit Reliefs Provisions Breakdown 1,683 819 653 626 514 374 238 244 150 126 119 96 27 16 66 66 58 -228 Parameters Update + Consumer Deterioration SME Deterioration Corporate Deterioration Specific Provisions Total COVID-19 3Q20 2Q21 3Q21 COP Billion COVID-19 Solutions Parameters Update 1,488 2,093
Slide 11: Provisions, Allowances, Asset Quality and Coverage
Provisions, Allowances, Asset Quality and Coverage Provisions Asset Quality Evolution 4.8% 4.1% 3.4% 2.5% 2.9% 2.6% 1.6% Net Provisions Charges 3Q20 4Q20 1Q21 2Q21 3Q21 1.2% 1.0% 3Q21/3Q20 69% 3Q21/2Q21 18% Initial PDLs 6,975 8,943 9,137 9,023 9,034 2,435 New PDLs** 2,539 431 1,051 999 892 2,026 1,6
Slide 12: Capital Adequacy
Capital Adequacy Tier I and Total Capital Evolution Capital Adequacy 15.0% 15.3% 14.8% 14.7% 14.8% 20.56% 11.4% 11.5% 11.8% 11.2% 11.2% 5.54% 15.32% 15.52% 14.56% 3Q20 4Q20 1Q21 2Q21 3Q21 13.67% Tier I Total Capital Adequacy 3.56% 1.89% 12% 11.5% 6.34% Shareholders´Equity 10% 8% 15.02% 15.52% 11.76%
Slide 13: Liquidity Management
Liquidity Management Liquidity and Deposits Liabilities 191,000 103.0% 189,742 189,645 190,000 102.0% 203 205 189,000 102.1% 201 188,000 101.0% 1% 3% 4% 187,000 7% 4% 4% 100.0% 186,000 100.0% 185,000 184,000 183,649 99.0% 183,000 98.0% 91% 94% 92% 182,000 98.4% 97.0% 181,000 180,000 96.0% 3Q20 2Q21
Slide 14: Colombia and Central America Overview
Colombia and Central America Overview Loans Expenses Fees Provision Charges NII COP Trillion COP Trillion COP Billion COP Billion COP Trillion 146 1,299 2.1 1.6 592 136 2.1 128 1.4 895 2.0 1.3 510 497 116 1.3 Loan Share: 69% 434 534 525 1.9 3Q18 3Q19 3Q20 3Q21 3Q18 3Q19 3Q20 3Q21 3Q18 3Q19 3Q20 3Q21
Slide 15: NIM & NII
NIM & NII Net Interest Margin 5.5% 5.6% 5.6% 5.1% 5.1% 5.0% 5.0% 4.9% 4.0% 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 Net interest margin Net Interest Income 2,842 2,913 2,901 2,825 2,846 2,906 2,782 2,769 2,243 2,802 2,888 2,851 2,634 2,686 2,804 2,858 2,606 2,517 176 40 25 50 135 -274 139 42 48
Slide 16: Operating Expenses & Efficiency
Operating Expenses & Efficiency Efficiency Ratio 70% 10% 53.6% 9% 60% 50.5% 51.5% 49.7% 8% 50% 7% 40% 6% 30% 4.1% 4.1% 4.1% 5% 3.4% 20% 4% 10% 3% 0% 2% 3Q18 3Q19 3Q20 3Q21 Operating Expenses to Net Operating Income Operating Expenses to Interest Earning Assets Operating Expenses 2,377 Total Operatin
Slide 17: Fees
Fees Evolutions of Net Fees 20.5% 19.7% 19.7% 19.8% 19.1% 764 794 799 807 880 3Q20 4Q20 1Q21 2Q21 3Q21 Net Fees Fee Income Ratio COP Billion Credit/Debit Cards Bancassurance Trust/Inv. B/Brokerage services Payments/Collections 3Q21/3Q20 26% 3Q21/3Q20 17% 3Q21/3Q20 11% 3Q21/3Q20 28% 570 530 503 514 4
Slide 18: Profitability
Profitability ROE & ROA 16% 5% 13.4% 14% 12.7% 4% 12% 10% 9.4% 3% 8% 2% 6% 1.5% 1.4% 4.1% 4% 1.1% 1% 2% 0.4% 0% 0% 3Q18 3Q19 3Q20 3Q21 ROE ROA Net Income 942,620 878,581 543,219 279,639 3Q18 3Q19 3Q20 3Q21 COP Millions
Slide 19: Earnings Results 3Q21
Earnings Results = Bancolombia 3Q21 ~~
Slide 20: Credit Reliefs
Credit Reliefs Evolution of the credit reliefs on a consolidated basis 17% Credit Reliefs over 15% 3% total loans 7% 10% 7% 14% 6% 5.75% 8% 5% 4.96% 4% 0.79% 2% 3Q20 4Q20 1Q21 2Q21 3Q21 Loans Under Relief Solutions Evolution of the credit reliefs by geography Colombia Panama El Salvador Guatemala 12
Slide 21: Stages
Stages Loan Breakdown by Stages 7.7% 8.6% 8.4% 7.8% 7.8% 9.2% 8.7% 9.8% 10.6% 10.4% Balance Stage 2 and 3 - Coverage 83.2% 81.6% 81.8% 83.5% 47.3% 48.1% 81.0% 40.0 45.1% 45.6% 45.4% 50.00% 45.00% 35.0 40.00% 30.0 35.00% 3Q20 4Q20 1Q21 2Q21 3Q21 25.0 30.00% Stage 1 Stage 2 Stage 3 20.0 25.00% 35.2 37
Slide 22: Assets and Loans Breakdown
Assets and Loans Breakdown Total Gross Loans Total Assets 199 TN 204 TN 210 TN 13.6% 13.8% 13.9% 20.9% 21.4% 21.7% 3Q21/3Q20 ∆ 5.81% 3Q21/2Q21 ∆ 3.34% Other 12% 64.9% 64.2% 63.9% Financial Assets Investment 10% 3Q20 2Q21 3Q21 Commercial Consumer Mortgage Loans 78% Total Gross Loans by Currency 134 1
Slide 23: Colombia and Central America Overview
Colombia and Central America Overview Provision Provision Efficiency: 48.8% / 46.9% Efficiency: 52.0% / 48.4% Charges Charges NIM: 5.5% / 5.7% 1,189 NIM: 3.3% / 3.4% 116 Net Fees Growth: 11.2% Net Fees Growth : 0.4% Loan Quality 90d: 3.6% / 3.3% Loan Quality 90d: 4.0% / 3.4% Coverage 90d: 227.5% / 2
Slide 24: Disclaimer
Disclaimer This report corresponds to the interim unaudited consolidated financial statements of BANCOLOMBIA S.A. and its subsidiaries (“BANCOLOMBIA” or “The Bank”) which Bancolombia controls, amongst others, by owning directly or indirectly, more than 50% of the voting capital stock. These financia
Slide 25: Earnings Results 3Q21
Earnings Results = Bancolombia 3Q21 ~~