Banco De Bogota Sa · BVC:BOGOTA
Banco De Bogota Sa — Q1 2014 Earnings Presentation
18 slides from Banco De Bogota Sa's earnings presentation, May 23, 2014
Slide 1: First Quarter 2014 Consolidated Results Conference Call
First Quarter 2014 Consolidated Results Conference Call May 23, 2014 Investor Relations
Slide 2: Disclaimer
Disclaimer Banco de Bogotá and its respective Colombian financial subsidiaries, including Porvenir and Corficolombiana, are subject to inspection and surveillance as financial institutions by the Colombian Superintendency of Finance . The financial information presented in this report is based on un
Slide 3: Main Highlights
Main Highlights About Banco de Bogotá performance in 1Q2014. a) Important core earnings growth in all different business lines. b) Banco de Bogotá’s consolidated assets totaled COP 104.8 trillion in 1Q2014, annual and quarterly growth of 30.7% and 4.1%, respectively. c) Loan portfolio has been the m
Slide 4: Macroeconomic Overview - Colombia
Macroeconomic Overview - Colombia Per capita income (USD) Urban unemployment (%) GDP and banking and insurance Spread commercial rate - DTF vs. growth (YoY%) central bank rate (%) * Source: DANE, Banco de la República. Economic Research estimates. * 13 weeks average. 4
Slide 5: Macroeconomic Overview – Central America
Macroeconomic Overview – Central America Real GDP (YoY Var %) Inflation (YoY Var. %) 12.0 10.0% Inflation (YoY) 9.0% March 2014 10.0 8.0% GU 7.0% GU 3.2% 8.0 8.0 HO 6.0% HO 5.8% 5.0% 6.0 ES 4.0% ES 0.4% 4.2 NI 3.0% 4.0 3.5 2.0% NI 5.1% CR 2.6 1.0% 2.0 CR 3.3% 1.6 PA 0.0% May-12 May-13 Jan-14 Jan-12
Slide 6: Balance Sheet Structure
Balance Sheet Structure 1Q14/1Q13: 30.7% Balance Sheet Structure (Trillion COP) 1Q14/4Q13: 4.1% 104.8 100.7 13.4% 13.7% 80.2 12.2% 11.7% 12.8% 3.6% 3.6% 11.1% 14.6% 14.8% Assets 4.7% 15.0% 56.2% 56.2% 56.3% 1Q-2013 4Q-2013 1Q-2014 1/ Loans and Financial Leases, Net Fixed Investments Equity Investmen
Slide 7: Loan Portfolio Breakdown by Business Segment
Loan Portfolio Breakdown by Business Segment (COP Trillion) Loan Portfolio Breakdown by Business Segment (COP Trillion) 1Q14/1Q13.: 30.4% Growth (%) 1Q14/4Q13: 4.2% 1Q14 vs 1Q13 60.6 58.2 4.1% 4.1% 9.4% 9.3% 13.4 0.5% 46.5 0.5% Leasing 4.7% 23.5% 8.0% 23.9% 54.8 Mortgage 24.3% Microcredit 24.7 62.2%
Slide 8: Loan Portfolio Breakdown by Country
Loan Portfolio Breakdown by Country 1Q-2013 1Q-2014 Colombia Panama Costa Rica Guatemala Honduras El Salvador Nicaragua Others 3.0% 2.9% 0.3% 3.7% 0.2% 3.9% 4.0% 4.4% 3.4% 6.4% 9.2% 8.6% 4.8% 8.7% 71.2% 65.5% Total Gross Loans: COP 46.5 Trillion Total Gross Loans: COP 60.6 Trillion Source: Banco de
Slide 9: Loan Portfolio Quality (1/2)
Loan Portfolio Quality (1/2) PDLs/Gross Loans and NPLs/ Gross Loans Loan Provision Expense / Average Loans PDL Over 30d/Gross Loans NPLs/Gross Loans Loan Provision Expense / Average Loans 2.7% 2.3% 2.3% 1.4% 1.6% 1.9% 1.2% 1.6% 1.7% 1Q-2013 4Q-2013 1Q-2014 1Q-2013 4Q-2013 1Q-2014 Charge offs / Avera
Slide 10: Loan Portfolio Quality (2/2)
Loan Portfolio Quality (2/2) % of Total Loans Past Due Loans (1) 1Q-2014 1Q-2013 4Q-2013 1Q-2014 Commercial 62.4% 1.5% 1.3% 1.6% Consumer 23.5% 4.4% 4.5% 4.9% Microcredit 0.5% 11.3% 9.5% 10.5% Mortgage 9.4% 2.2% 3.2% 3.8% Financial Leases 4.1% 2.0% 1.3% 2.0% Total Loans 100.0% 2.3% 2.3% 2.7% Credit
Slide 11: Investment Portfolio
Investment Portfolio Investment Portfolio Mix (COP trillion) 1Q14/1Q13: 21.8% 1Q14/4Q13: 5.0% 19.3 18.3 15.8 19.3% 19.9% 24.0% 80.1% 80.7% 76.0% 1Q-2013 4Q-2013 1Q-2014 Fixed Income Equity Investments Investment on Fixed Income, 1Q-2014 (COP 15.5 Trillion) 7.5% 9.1% 16.2% 56.1% 11.2% Colombian Gover
Slide 12: Funding
Funding Funding Mix, 1Q-2014 Deposit Base Trends (COP Trillion) 1Q-2014: COP 94.8 Trillion Checking Accounts Time Deposits Saving Accounts Others 2/ 1Q14/1Q13: 31.4% Other 1/ 1Q14/4Q13: 4.5% 1Q14/1Q13: 31.7% Bonds 9.5% 1Q14/4Q13: 2.8% 3.4% 64.1 65.9 Interbank Funds 0.8% 1.0% & Overnight 5.3% 50.0 34
Slide 13: Common Equity and Capital Ratio
Common Equity and Capital Ratio Tier I and II Capital vs. Minimum Solvency Ratio Tier I Tier II 15.2% 2.5% Regulatory Minimum: 11.2% 11.0% Total: 3.7% 3.6% 9.0% 12.7% Tier I: 7.5% 7.4% 4.5% 1Q-2013 4Q-2013 1Q-2014 Previous Regulation New Regulation, Decree 2555, 2010 Decree 1771, 2012 Common Equity
Slide 14: Net Interest Margin
Net Interest Margin Quarterly Net Interest Margin Net Interest Income (Billion COP) 1Q-2013 4Q-2013 1Q-2014 1Q14/1Q13 1Q14/4Q14 1,071.6 1,011.9 1,083.7 1.1% 7.1% Investments Yield (1) Loans Yield (2) NIM (3) 11.2% 10.2% 9.9% 8.4% 6.7% 5.5% 5.6% 5.4% 4.4% 1Q-2013 4Q-2013 1Q-2014 Average Funding Cost
Slide 15: Net Income from diversified operating revenues
Net Income from diversified operating revenues Operating Revenues (COP Billion) Other Operating Income (COP Billion) Net Interest Income (1) Fee and Service Income, Net Other 1Q14/1Q13: 10.0% 1Q14/4Q13: -1.0% 1Q-2013 4Q-2013 1Q-2014 1,751 1,768 1,591 Dividend Income 184.6 0.2 126.2 21.2% 14.0% 11.6%
Slide 16: Efficiency (COP Billion)
Efficiency (COP Billion) Operating Expense Structure (COP Billion) Operating Expenses / Average Assets Salaries Administrative Others 1Q14/1Q13: 24.6% 1Q14/4Q13: 1.3% 4.6% 4.4% 4.3% 1,026.6 1,039.8 11.1% 12.6% 834.4 12.4% 53.5% 50.5% 49.8% 37.7% 35.5% 36.9% Q1-2013 Q4-2013 Q1-2014 1Q-2013 4Q-2013 1Q
Slide 17: Net Income and Profitability
Net Income and Profitability (COP Billion) Net Income (COP Billion) 1Q14/1Q13: -33.4% 1Q14/4Q13: -2.2% 473.6 322.4 315.6 1Q-2013 4Q-2013 1Q-2014 ROAA 1/ ROAE 2/ 3.4% 23.9% 1.8% 14.2% 1.7% 12.7% 1Q-2013 4Q-2013 1Q-2014 1Q-2013 4Q-2013 1Q-2014 Note: Based on Consolidated Figures. 1/ Net Profit for the
Slide 18: Contact Information
Contact Information María Luisa Rojas Giraldo Martha Inés Caballero Leclercq Julián Andrés Rodríguez Casas CFO Investor Relations Manager Investor Relations Analyst Tel.: (571) 338 3415 Tel.: (571) 332 0032 Ext. 1467 Tel.: (571) 332 0032 Ext. 1973 mrojas@bancodebogota.com.co mcabal1@bancodebogota.co