Grupo Aval Acciones Y Valores Sa · BVC:GRUPOAVAL
Grupo Aval Acciones Y Valores Sa — Q1 2021 Earnings Presentation
21 slides from Grupo Aval Acciones Y Valores Sa's earnings presentation, May 21, 2021
Slide 1: Report of 1Q2021 consolidated results
Grupo PVA | «i Report of 1Q2021 consolidated results Information reported in Ps billions“) and under IFRS (1) We referto bilions as thousands of millions.
Slide 2: Debt service coverage and leverage ratios
Debt service coverage and leverage ratios 1Q20 4Q20 1Q21 D 1Q21 vs. 4Q20 1Q21 vs. 1Q20 Fixed income investments 311.1 Callable Senior loans to subsidiaries 676.9 Total liquid assets 3,158.1 As of March 31st, 2021 our combined double leverage (calculated as investments in subsidiaries at book value,
Slide 3: 1Q21 Consolidated Earnings Results IFRS
1 1Q21 Consolidated Earnings Results IFRS
Slide 4: Disclaimer
2 Disclaimer Grupo Aval Acciones y Valores S . A . (“Grupo Aval”) is an issuer of securities in Colombia and in the United States .. As such, it is subject to compliance with securities regulation in Colombia and applicable U . S . securities regulation . Grupo Aval is also subject to the inspection
Slide 5: Consolidated key results for the quarter
3 Consolidated key results for the quarter Gross loans e xcludes interbank and overnight funds. PDLs 90+ defined as loans more than 90 days past due. Cost of Risk c alculated as Impairment loss on loans and other accounts receivable net of recoveries of charged - off assets divided by average gross
Slide 6: Key results by country: Colombia and Central America
4 COP $tn 1Q20 4Q20 1Q21 1Q21 vs 1Q20 1Q21 vs 4Q20 1Q20 4Q20 1Q21 1Q21 vs 1Q20 1Q21 vs 4Q20 Gross Loans $ 131.4 $ 131.2 $ 133.4 1.5% 1.7% $ 69.3 $ 70.6 $ 76.1 9.9% 7.9% Deposits $ 131.8 $ 132.0 $ 134.2 1.8% 1.6% $ 71.4 $ 79.8 $ 87.9 23.1% 10.1% Deposits/Net Loans 1.05 x 1.05 x 1.07 x 0.02 x 0.01 x 1
Slide 7: Macroeconomic context - Colombia
5 Macroeconomic context - Colombia ( 1 | 2 ) (4.2%) (4.1%) (6%) (4%) (2%) 0% 2% Trade balance Current Account Deficit 2.2 2.1 1.5 2.6 1.3 1.5 1.3 1.3 2.2 2.2 2.8 3.0 3.0 3.5 3.2 3.4 0.0 - 15.5 - 8.2 - 3.4 2.0 I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV 2016 2017 2018 2019
Slide 8: Macroeconomic context - Colombia
6 Macroeconomic context - Colombia ( 2 | 2 ) Source: Ministry of Finance. Projections start in 2021. Real and Projected Fiscal Deficit Fiscal Rule (% of GDP) Colombian Peso Exchange Rate Source: Banco de la República de Colombia. 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20
Slide 9: Macroeconomic context – Central America
7 3.2% 3.0% 2.2% 3.8% 2.7% 2.4% - 3.9% - 7.2% - 17.9% - 4.8% - 1.5% - 8.0% - 8.6% - 3.0% 5.6% 12.0% 2.6% 4.5% 4.5% 4.2% 0.2% 2019 2020E 2021E 90 100 110 120 130 Dec-18 Jun-19 Dec-19 Jun-20 Dec-20 Colón Quetzal Lempira Córdoba TRM 112.6 98.9 107.6 99.8 100.9 (3%) (1%) 1% 3% 5% 7% Dec-18 Jun-19 Dec-19
Slide 10: Digital channels, active clients and sales
8 45.8% 56.4% 70.3% 50.9% 40.3% 26.2% 3.3% 3.3% 3.5% 2019 2020 1Q21 % Digital % Branches % Others 165 672 964 329 122 176 269 621 203 122 341 941 1,585 532 2017 2018 2019 2020 1Q21 1 10 14 21 23 4 5 8 16 26 5 15 22 37 49 2017 2018 2019 2020 1Q21 1.5 1.8 2.1 3.3 3.5 0.9 1.2 1.4 1.6 1.7 2.4 3.0 3.5 4.
Slide 11: Total assets and assets breakdown
9 Net loans and leases Fixed income investments Unconsolidated equity investments Other Assets Assets Breakdown (%) Total Assets Exc. FX = Growth excluding FX movement of Central American Operations (1) Multi Financial Group (MFG) was acquired in May 2020, assets growth excluding FX and the acquisit
Slide 12: Loans and receivables: gross loans
10 Loans and receivables Gross loans Gross loans Breakdown % Growth excluding FX movement of Central American Operations (1) Exc. FX = Growth excluding FX movement of Central American Operations (1) Multi Financial Group (MFG) was acquired in May 2020, gross loans growth excluding FX and the acquisi
Slide 13: Loan portfolio quality
11 Loan portfolio quality Charge offs / Average 90+ PDLs Cost of Risk Quality Coverage 4.16% 4.90% 4.75% 3.14% 3.56% 3.41% 30 days PDLs / Gross loans 90 days PDLs / Gross loans 2.32% 3.71% 2.40% 2.15% 3.51% 2.22% Impairment loss / Average gross loans Impairment loss, net / Average gross loans 1.41x
Slide 14: Loan portfolio quality: past due formation
12 Loan portfolio quality 30 days past due formation 90 days past due formation (1) (2) 30 days past due loans 90 days past due loans Loans and coverage by Stages (%) (1) Past Due Loans + 30 / Total Loans including interest accounts receivable (2) Past Due Loans + 90 / Total Loans including interest
Slide 15: Funding composition and deposits
13 269.0 270.5 284.2 1Q20 4Q20 1Q21 Deposits Banks and others Bonds issued Interbank borrowings Funding composition (%) 1Q20 4Q20 1Q21 8.1 78.1 8.8 78.3 10.9 75.6 3.3 10.5 2.7 10.3 2.9 10.7 Q/Q% = 5.1%; (Exc. Fx = 2.5%) Y/Y% = 5.6%; (Exc. Fx = 8.8%) 19.8% 16.1% 15.8% 1Q20 4Q20 1Q21 1.04x 1.08x 1.10x
Slide 16: Capital and consolidated capital adequacy
14 1Q20 B II 4Q20 B II 1Q21 B III 1Q20 B II 4Q20 B II 1Q21 B III 1Q20 B II 4Q20 B II 1Q21 B III 1Q20 B II 4Q20 B II 1Q21 B III Primary capital (Tier 1) 9.6 8.9 10.4 9.1 8.7 11.4 8.4 8.7 11.6 11.0 10.7 12.6 Solvency Ratio 12.3 12.1 12.8 10.4 10.6 13.5 9.6 10.5 13.3 11.1 12.0 13.4 19.5 20.7 20.4 13.6
Slide 17: Net interest margin
15 4.78% 5.29% 4.58% 1Q20 4Q20 1Q21 2.39% 2.56% 3.49% Cost of funds NIM – Net Interest Margin Net Interest Margin (1) Loans Interest Margin (2) Net Investments Margin (3) Net Interest Income (1) (Trillions) (1) Net Interest Income and Net Interest Margin: Includes net interest income plus net tradin
Slide 18: Fees and other operating income
16 Fees and other operating income Gross fee income Other operating income Non - financial sector (1) (1) Net income from sales of goods and services (2) Reflects net NFS from Nexa BPO, Megalinea and Aportes en L ínea call - centers and other subsidiaries (2) (2) Exc. FX = Growth excluding FX moveme
Slide 19: Efficiency ratios
17 3.4% 3.4% 3.1% 1Q20 4Q20 1Q21 Efficiency ratios Cost to income efficiency ratio is calculated as total other expenses divided by net interest income plus net income from commissions and fees, net income from sales of goods and services, net trading income, net income from other financial instrume
Slide 20: Profitability
18 Profitability Figures in Ps. Billions Net income attributable to controlling interest ROAA (1) ROAE (2) (1) ROAA for each quarter is calculated as annualized Net Income divided by average of total assets. (2) ROAE for each quarter is calculated as annualized Net Income attributable to Aval's shar
Slide 21: Signature
19 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: May 20, 2021 GRUPO AVAL ACCIONES Y VALORES S.A. By: /s/ Jorge Adrián Rincón Plata Name: Jorge A
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