Grupo Cibest S.a. · BVC:CIBEST
Grupo Cibest — Q3 2022 Earnings Presentation
28 slides from Grupo Cibest's earnings presentation, Nov 16, 2022
Slide 1: Earnings Results 3Q22
Earnings Results 3Q22 ~~ = Bancolombia
Slide 2: 3Q22 Overview
3Q22 Overview Business Update Financial Highlights • Loan growth above expectations • Loan book up 7.0% QoQ and 23.7% YoY • Diversified funding mix. First bond issuance tied to • Deposits up 6.9% QoQ and 25.3% YoY sustainable indicators in Latin America • Basel III CET1 capital ratio of 10.0% and to
Slide 3: Macroeconomic Trends
Macroeconomic Trends Economic indicators for Colombia Indicator 2019 2020 2021 2022f 2023f GDP growth annual (% var.) 3.2% -7.0% 10.7% 7.8% 0.9% Fiscal balance (% GDP) -2.5% -7.8% -7.1% -5.6% -4.8% Current account balance (% GDP) -4.6% -3.4% -5.6% -5.8% -4.1% Consumer inflation (annual % var, eop) 3
Slide 4: Loans & Deposits
Loans & Deposits Commercial Consumer Mortgage Corporate SME Financial leases Credit cards Vehicle loans Payroll loans VIS Non-VIS Average $31.7 Microloans Average $148.6 Personal loans Average $51.0 167.2 57.5 35.4 156.6 53.7 32.8 141.3 142.3 1.4 48.4 49.7 30.6 30.6 135.7 27.7 45.5 29.1 1.3 26.5 1.3
Slide 5: Loans & Deposits
Loans & Deposits Loans and Deposits Growth 23.7% 24.3% 15.8% 16.0% 7.0% 7.0% 3.2% 2.9% Δ Real Δ Excluding FX Δ Real Δ Excluding FX QoQ YoY Total Loans Total Deposits Loan Portfolio 3Q22/2Q22 Deposits 3Q22/2Q22 8.0% 16.3% 6.8% 7.2% 10.4% 4.0% 5.0% 3.0% 3.1% 2.2% -3.1% Δ Real Δ Excluding FX -7.4% Δ Re
Slide 6: Pre-Approved Loans - Colombia
Pre-Approved Loans - Colombia Retail SMEs Active Clients: Active Clients: 13.4 Million 418,455 Automatic Approval: Automatic Approval: 33.6% 46,684 Clients - 6.3 COP TN 11.2% 4.5 Million Clients – 31.5 COP TN Disbursements: Disbursements: 369,000 Clients – 10.7 COP TN 8.2% 9,130 Clients - 1.01 COP T
Slide 7: Transactions – Colombia
Transactions – Colombia Digital Total Monetary Transactions 1H22 Transactions Volume 1H22 Digital Adoption 31.4% 76.9% Online Banking Mobile 800,000 31.0% 74.2% 700,000 31.1% 600,000 70.2% 500,000 29% 43% 400,000 775,372 684,266 57% 300,000 599,015 71% 70.9% 200,000 69.4% 61.0% 67.3% 100,000 86,963
Slide 8: Transactions – Colombia
Transactions – Colombia ATMs: Branches: Banking Agents: 5,040 25,275 665 24,321 647 23,223 22,818 5,005 635 4,999 4,995 620 21,206 4,983 4,984 613 19,994 4,964 597 583 18,187 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 Market Share 1H22 Ma
Slide 9: Capabilities
Information Technology Journey to Cloud Awards Migration to cloud Highest level of digital 37% maturity in Latin America represents ~38% cost savings 63% Best software development Technology practices Cloud On-Premise More than 3,300 employees Platform Technological platform for IT Team 59% 49% 30%
Slide 10: ESG
ESG Businesses with purpose Sustainable Funding First bond issuance tied to sustainable indicators in Latin America COP 640 Billion COP 500 Tn – Our goal for 2030 2020 COP 24.8 Tn 2021 Credit tied to sustainable indicators USD 100 Million 2022 COP 36.9 Tn 3Q 2022 Goal: 29.3 Tn 41.1 Tn Bancolombia re
Slide 11: Provisions, Allowances, Asset Quality and Coverage
Provisions, Allowances, Asset Quality and Coverage Provisions Asset Quality Evolution 3,000 4.1% 5.0% 3.4% 4.0% 2,500 2.6% 1.9% 3.0% 3Q21 4Q21 1Q22 2Q22 3Q22 1.2% Net Provisions Charges 2,000 1.0% 1.1% 2.0% 0.5% Initial PDLs 9,034 9,072 8,675 9,129 9,103 1,500 0.0% 1.0% 3Q22/3Q21 128% 2,026 0.0% 3Q2
Slide 12: Provisions Breakdown
Provisions Breakdown Provisions 1,170 -1 613 272 517 71 267 86 136 254 126 244 61 96 78 66 811 945 374 666 581 107 72 -186 -126 -180 -335 -93 -242 -74 -627 -185 -42 -354 -37 3Q21 4Q21 1Q22 2Q22 3Q22 Parameters Update COVID-19 Consumer Deterioration SME Deterioration Corporate Deterioration Specific
Slide 13: Capital
Capital Core Equity Tier I and Total Capital Evolution Core Equity Tier I Variation Components (YoY) 273 bps 15.3% 15.5% 13.5% 12.9% 12.5% 11.76% -197 bps 9.96% -88 bps -84 bps 11.8% 11.9% -83 bps 10.6% 10.3% 10.0% 180 bps reduction YoY 3Q21 4Q21 1Q22 2Q22 3Q22 Core Equity Tier I Total Capital Adequ
Slide 14: ALM - Colombia
ALM - Colombia Interest Rates & NIM 11.44% 10.99% 10.00% 8.59% 7.88% 10.00% 6.87% 6.21% 6.41% 6.02% 6.15% 6.17% 5.64% 5.36% 5.59% 5.51% 5.43% 5.87% 4.55% 4.28% 4.25% 4.25% 3.21% 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 NIM CPI IBR DTF Intervention Rate Loans Deposit
Slide 15: Liquidity Management
Liquidity Management Liquidity and Deposits Liabilities 260 237,613 238 7% 1% 222,332 104.0% 230,000 5% 2% 210,000 103.5% 205 189,645 190,000 103.0% 4% 170,000 103.0% 102.5% 4% 92% 102.6% 94% 102.0% 150,000 92% 130,000 102.1% 101.5% 110,000 101.0% 3Q21 1Q22 3Q22 3Q21 2Q22 3Q22 Deposit by Customers B
Slide 16: NIM & NII
NIM & NII Net Interest Margin 10.0% 7.5% 7.0% 7.2% 9.0% 6.7% 7.2% 8.0% 7.0% 5.9% 6.7% 6.6% 6.0% 5.5% 5.6% 6.0% 4.1% 5.0% 4.0% 5.0% 5.3% 3.0% 1.3% 1.1% 2.0% 1.0% 0.6% 3.5% 0.0% 3Q21 4Q21 1Q22 2Q22 3Q22 Net Interest Margin Lending NIM Investments NIM Net Interest Income 4,985 4,315 3,700 3,207 2,906 4
Slide 17: Colombia and Central America Overview
Colombia and Central America Overview Loans Expenses Fees COP Trillion – USD Billion COP Trillion – USD Million COP Trillion – USD Million 173.3 20.0 1.7 0.64 220.0 0.8 61.0 170.0 1.7 145.8 19.0 1.5 0.59 150.0 136.1 1.6 200.0 0.7 0.51 56.0 127.8 18.0 1.5 1.4 0.50 130.0 16.5 1.4 1.3 180.0 0.6 51.0 17
Slide 18: Operating Expenses & Efficiency
Operating Expenses & Efficiency Efficiency Ratio 6.0% 62.0% 53.6% 5.5% 57.0% 51.5% 52.0% 49.7% 5.0% 47.0% 42.5% 42.0% 4.5% 37.0% 4.1% 4.1% 3.9% 32.0% 4.0% 27.0% 3.4% 3.5% 22.0% 17.0% 3.0% 3Q19 3Q20 3Q21 3Q22 Operating Expenses to Net Operating Income Operating Expenses to Interest Earning Assets Ope
Slide 19: Fees
Fees Evolutions of Net Fees 19.8% 19.5% 2,000 17.2% 1,800 15.20% 15.07% 20.0% 15.0% 1,600 10.0% Net Fees 1,400 5.0% 1,200 1,000 1,628 0.0% 3Q22/3Q21 9% 1,508 1,439 1,504 800 1,331 -5.0% 600 880 947 919 879 961 -10.0% 400 -15.0% 3Q21 4Q21 1Q22 2Q22 3Q22 Fee Income Net Fees Fee Income Ratio COP Billio
Slide 20: Profitability
Profitability ROE & ROA 22.0% 18.7% 4.2% 17.0% 13.4% 12.7% 3.2% 12.0% 2.2% 7.0% 4.1% 2.0% 1.2% 2.0% 1.5% 1.4% 0.2% -3.0% 0.4% -8.0% -0.8% 3Q19 3Q20 3Q21 3Q22 ROE ROA Net Income 1,629,245 878,581 942,620 279,639 3Q19 3Q20 3Q21 3Q22 COP Million
Slide 21: Earnings Results 3Q22
Earnings Results 3Q22 ~~ = Bancolombia
Slide 22: Colombia and Central America Overview
Colombia and Central America Overview 3Q21 2Q22 3Q22 3Q21 2Q22 3Q22 ▪ Net Income 468 1,781 1,738 ▪ Net Income 123 109 -104 ▪ NIM 5.43% 7.88% 8.59% ▪ NIM 3.43% 3.47% 3.39% ▪ Net Fees Growth 11.18% 17.17% 14.09% ▪ Net Fees Growth 0.38% 19.56% 17.39% ▪ ROAE 11.27% 22.29% 19.90% ▪ ROAE 11.93% 10.15% -8.
Slide 23: Stages
Stages Loan Breakdown by Stages 7.8% 7.2% 6.7% 6.0% 5.7% 8.7% 8.8% 7.5% 6.2% 6.2% Balance Stage 2 and 3 - Coverage 83.5% 84.0% 85.8% 87.7% 88.1% 50.4% 43.0 48.1% 47.4% 45.0% 50.0% 38.0 41.0% 40.0% 33.0 3Q21 4Q21 1Q22 2Q22 3Q22 28.0 30.0% Stage 1 Stage 2 Stage 3 23.0 18.0 34.7 35.2 20.0% 31.6 29.8 30
Slide 24: Assets and Loans Breakdown
Assets and Loans Breakdown Total Gross Loans Total Assets 260 TN 243 TN 210 TN 13.6% 13.5% 3Q22/3Q21 ∆ 23.7% Other 14% 13.9% 22.1% 22.1% 3Q22/2Q22 ∆ 7.0% 21.7% 63.9% 63.7% Financial Assets 63.9% Investment 8% 3Q21 2Q22 3Q22 Commercial Consumer Mortgage Loans 78% Total Gross Loans by Currency 157 163
Slide 25: Bancolombia a la Mano
Bancolombia a la Mano Deposits Loans Pre-Approved Loans 850 A LA MANO 120,000 20.0% 107,737 750 103,272 221,735 230,855 19.0% COP 120k/User 100,000 87,975 18.0% 650 16.6% COP 111k/User 80,000 15.9% 17.0% 16.0% 550 132,457 14.5% 766 60,000 15.0% COP 95k/User 694 14.0% 450 40,000 543 13.0% 350 12.0% 2
Slide 26: NEQUI
NEQUI Deposits Loans Nequi Cards 1,519 129,890 489,055 1,650 140,000 265.0500,000 455,497 1,449 13.0 450,000 1,450 120,000 111,509 244 215.0 400,000 1,250 COP 111k/User 100,000 11.0 202 165.0 350,000 301,546 1,050 862 COP 107k/User 300,000 11.0 80,000 9.0 850 115.0250,000 9.9 60,000 200,000 650 COP
Slide 27: 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 28: Earnings Results 3Q22
Earnings Results 3Q22 ~~ = Bancolombia