Banco Davivienda SA · BVC:PFDAVVNDA
Banco Davivienda SA — Q4 2020 Earnings Presentation
22 slides from Banco Davivienda SA's earnings presentation, Mar 1, 2022
Slide 1: Consolidated Financial Results 4Q20
Consolidated Financial Results 4Q20
Slide 2: Disclaimer
The information hereby presented is exclusively for informative and illustrative purposes and it is not, nor does it pretend to be, a source for legal or financial assessment of any kind. Certain statements in this presentation are “forward-looking” statements within the meaning of the U.S. Private S
Slide 3: Macroeconomic Fundamentals Colombia
Aspectos Macroeconómicos Colombia Macroeconomic Fundamentals Colombia Gross Domestic Product (Y/Y) Davivienda’s PMI1 Quarter average Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Source: National Administrative Department of Statistics (DANE) Source: Davivienda Bank. 1. PMI: Purchasing Managers' Index | IHS Ma
Slide 4: Macroeconomic Fundamentals CAM
Macroeconomic Fundamentals CAM Gross Domestic Product (Y/Y) Inflation (Y/Y) Exchange Rate Monetary Policy Rate Source: Central Banks from Central America. 4
Slide 5: Main Results 4Q20
Main Results 4Q20 Strategic Progresses 2020 * Accum. Net Profit $407.8 Market share by Gross Loan Portfolio1 Y/Y: -72.5% Colombia2 CAM4 Y/Y: Y/Y: 16.4%3 10.0% +90 bps +60 bps $106.7** Gross Loan Portfolio 15.5% 9.4% Q/Q: -4.4% Y/Y: 9.5% 14.9% Bank in 9.2% Colombia 6.29% Net Interest Margin 2018 2019
Slide 6: Results of our Business Management
Results of our Business Management Leader Main Player 1 Commercial Banking Retail Banking Consolidated Portfolio Consolidated Portfolio $56.9 Tn Balance 9.4% Y/Y 9.6% Y/Y $49.7 Tn Balance Clients with reliefs Credit support lines Government subsidies2 Clients with reliefs Credit support lines +1.2 m
Slide 7: Results of Our Sustainable Management
Results of Our Sustainable Management HIGHER PURPOSE Bolívar Grupo In Davivienda we exist to enrich life with integrity USD $640 M To finance loans with Environmental and Social purpose Social housing, SMEs, Women Environmental Entrepreneurship and Sustainable Projects Social $2.8 Tn Sustainable Port
Slide 8: Digital Transformation Evolution
Digital Transformation Evolution Digital Customers1 Product Sales (Millions of products) 84% 87% 89% 75% 42% 36% 3.5 Y/Y 2.4 2.3 -35% CONS COL CR PN SV HN -45% Digital Deposits and Credit2 -20% 2018 2019 2020 Digital Deposits Digital Credit Traditional Channels Digital Channels (COP $ Trillion) (COP
Slide 9: DaviPlata, our Digital Native Bank
DaviPlata, our Digital Native Bank Customers’ Composition New Strategic Alliance (Million) An alliance that eases citizens’ mobility and, at the same time, 11.6 +5.5 M their financial activities Common with 2.7 customers in 2020 Davivienda 6.1 First financial 1.7 4.2 product 2.0 Transfer money Pay com
Slide 10: Balance Sheet - Assets
Activo Activo Balance Sheet - Assets 4Q20/3Q20 4Q20/4Q19 Cash 8.7% 14.2% Net Investments -0.9% 32.1% Gross Loans -4.4% 9.5% Loan Loss Reserves 3.8% 54.3% Others 3.3% 27.9% 1 Assets -2.9% 11.6% Dec. 19 Sep. 20 Dec. 20 FX Effect -2.7% 1.6% Assets Dec. 19 Sep. 20 Dec. 20 4Q20/3Q20 4Q20/4Q19 Colombia 93
Slide 11: Balance Sheet - Gross Loans
Balance Sheet - Gross Loans 4Q20/3Q20 4Q20/4Q19 Mortgage 1.0% 11.4% Consumer 0.3% 7.8% Commercial -9.5% 9.6% Gross Loans -4.4% 9.5% FX Effect -2.0% 1.3% Dec. 19 Sep. 20 Dec. 20 Gross Loans Dec. 19 Sep. 20 Dec. 20 4Q20/3Q20 4Q20/4Q19 Colombia 77.8 88.6 86.0 -3.0% 10.5% COP 19.6 23.0 20.7 -9.8% 5.8% I
Slide 12: Our portfolio status
Activo Our portfolio status 4% Reliefs Evolution1 Total Collections Colombia2 COL 21% (Base Index = February) $5.8 tn COP 27% 75% 14% 11% 11% 9% Commercial 7% Consumer Mortgage 1Q20 2Q20 3Q20 4Q20 Feb Mar Jun Sep Dec % Portfolio with reliefs % Portfolio with reliefs + past due > 30 days 12% Total Co
Slide 13: Balance sheet - Credit Risk Management (%)
Balance sheet - Credit Risk Management (%) Loans by Stages PDL1 > 90 days Portfolio 4Q19 3Q20 4Q20 Commercial 4.04% 3.65% 3.26% Consumer 2.04% 0.75% 6.04% Mortgage 4.07% 3.47% 4.53% Total 3.46% 2.80% 4.38% Mortgage2 (120) 3.20% 3.21% 2.77% Total3 (120) 3.25% 2.74% 3.95% 4Q19 3Q20 4Q20 Stage 1 Stage
Slide 14: Balance Sheet - Funding Sources
Balance Sheet - Funding Sources 4Q20/3Q20 4Q20/4Q19 Demand Deposits 2.7% 31.2% Term Deposits -6.1% -3.1% Bonds -6.7% 1.1% Credits -11.1% 6.3% Funding Sources -3.0% 12.4% Dec. 19 Sep. 20 Dec. 20 FX Effect -2.7% 1.7% Gross Loans / Funding Sources 95.9% 94.7% 93.4% Funding Sources Dec. 19 Sep. 20 Dec.
Slide 15: Balance Sheet - Capital Structure
Balance Sheet - Capital Structure Capital Adequacy Ratios Equity (COP Trillion) Minimum Requirement 9.0% 4.5% Dec. 19 Sep. 20 Dec. 20 Dec. 19 Sep. 20 Dec. 20 Tier 1 Tier 2 Dec.20/Dec.19 0.5% Dec.20/Sep.20 -2.2% Figures in COP trillion At the end of December the COP appreciated 11.2% Q/Q and deprecia
Slide 16: P&L - Financial Margin
P&L - Financial Margin QUARTER ACCUMULATED Dec.19 Sep.20 Dec.20 12 Months 6.52% 6.26% 6.29% NIM1 Annualize d Quarter 6.31% 6.07% 6.31% 4Q19 3Q20 4Q20 Dec.19 Dec.20 4Q20 $ 4Q20/3Q20 % 4Q20/4Q19 % Dec.20 $ Dec.20/Dec.19 % 2,536 -1.3 -0.5 Loan Income 10,519 7.4 229 -8.8 13.0 Investment Income + Interba
Slide 17: P&L - Expenses
P&L - Expenses QUARTER ACCUMULATED Dec.19 Sep.20 Dec.20 Cost-to- 12 Months 46.2% 47.3% 47.1% Income1 Annualized 49.9% 45.6% 48.8% Quarter 4Q19 3Q20 4Q20 Dec.19 Dec.20 4Q20 $ 4Q20/3Q20 % 4Q20/4Q19 % Dec.20 $ Dec.20/Dec.19 % 398 0.6 -4.5 Personnel Expenses 1,608 4.2 694 10.0 11.8 Operating Expenses an
Slide 18: P&L - Net Income
P&L - Net Income Dec.19 Sep.20 Dec.20 QUARTER ACCUMULATED 12 Months 12.4% 6.10% 3.18% ROAE1 Annualized Quarter 12.3% 1.48% 0.43% 12 Months 1,484 385 1.27% 0.59% 0.30% ROAA2 Annualized 48 Quarter 1.26% 0.14% 0.04% 408 14 4Q19 3Q20 4Q20 Dec.19 Dec.20 4Q20 $ 4Q20/3Q20 % 4Q20/4Q19 % Dec.20 $ Dec.20/Dec.
Slide 19: Expectations 2021
Expectations 2021 Led by the corporate segment and mortgage in Colombia, Gross Loans Δ 7% - 9% followed by low-risk products in the consumer portfolio. The levels will depend on the evolution of the pandemic and PDLs > 4% customer reliefs behavior. Lower than 2020 but still a year with high Cost of
Slide 20: Visit us at ir.davivienda.com
Investor Relations and Capital Management ir@davivienda.com + (57 1) 220 3495 www.davivienda.com Bogotá - Colombia Visit us at ir.davivienda.com
Slide 21: Appendix
Appendix 21
Slide 22: Balance Sheet - Coverage Ratios (%)
Balance Sheet - Coverage Ratios (%) Coverage1 Loan Loss Reserves / Gross Loans3 Portfolio 1Q20 2Q20 3Q20 4Q20 Portfolio 1Q20 2Q20 3Q20 4Q20 Commercial 118.5% 128.2% 156.5% 169.9% Commercial 4.5% 4.8% 5.7% 5.5% Consumer 274.4% 821.3% 1,050.7% 168.3% Consumer 5.7% 6.2% 7.9% 10.2% Mortgage 39.5% 55.6%