Banco Davivienda SA · BVC:PFDAVVNDA
Banco Davivienda SA — Q1 2024 Earnings Presentation
25 slides from Banco Davivienda SA's earnings presentation, May 2024
Slide 1: Davivienda Consolidated Financial Results 1Q24
Davivienda Consolidated Financial Results 1024
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
Slide 3: Macroeconomic Fundamentals Colombia
@§ Macroeconomic Fundamentals Colombia @ Economic Activity Index (Y/Y) 1.6%2:7% 2.9%3.5% 3.0% 1 2.29%" Quarterly Average Dec-17 Dec-18. = Dec-19.~Dec-20.—- Dec-21-— Dec-22— Dec-23 Source: National Administrative Department of Statistics (DANE). “Average January and February 2024. Davivienda’s Confid
Slide 4: Financial System Colombia
# Financial System Colombia @& System Loan Portfolio Interest Rates on Loans 23 (Annual Growth) — (4-week moving average) _— Cap Rate! 33.3%" Consumer 22.1%* Mortgage re . 7.6%" die Commercial enti o4* ; y aoe {Commercial jeuee 15.4% Beet Desi Dec ibe teen Meas Consumer Dec-17 Dec-18 Dec-19 Dec-20 D
Slide 5: Macroeconomic Fundamentals CAM
@ Macroeconomic Fundamentals CAM #@ 3 2 Gross Domestic Product (Y/Y) Costa Rica 4.9%" 5.1% El Salvador ry 4.5%* idk Honduras 3.7% 3.9%" 25% Panama 3.3%* Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Source: Central Banks of Central America. ‘December, 2023. **March, 2024. Exchange Rate :24.8* 102
Slide 6: 1Q24 Main Results
@ 1Q24 Main Results $135.6 Tn 5.70% 4.89% -$287.6 Bn -5.81% 10.41% Gross Loans Q/Q: -0.3% Y/Y: -6.5% 12M NIM Q/Q: -17 bps Y/Y: -45 bps 12M Cost of Risk Q/Q: 54 bps Y/Y: 227 bps Net Profit Q/Q: 6.5% Y/Y: -221.4% 12M ROAE Q/Q: -343 bps Y/Y: -1,451 bps CET1 Q/Q:16 bps Y/Y: -9 bps Total PDL and Coverage
Slide 7: Evolution of our Margins
@§ Evolution of our Margins @ Funding Mix (%)" Term Deposits Maturity Profile 9.2 12.2 Amount 19.4 1923 2023 3023 4023 1924 cor) @ Low-Cost Demand Deposits m Term Deposits MBonds m@ Credits Maturity 1-3M 3-12M 1-3Y Other Demand Deposits” Monthly Implicit Rates - Deposits® Term Deposits Implicit Rate
Slide 8: Evolution of our Margins & Going Forward
@s Evolution of our Margins & Going Forward _ Mar 24. vs 12M Implicit Rateand MPR © Deo 23. -18 bps -75 bps Going Forward... Loans Implicit Rate -25 bps © Balance sheet profile positioned to benefit from monetary policy rate decreases. Funding Implicit Rate © Funding mix in adjustment process. CDs M
Slide 9: Evolution of Credit Risk
@ Evolution of Credit Risk oe Consumer Portfolio Disbursements Consumer Loan Mix (%) (Trillion COP) 12 3% 3% 3% 10 8 6 4 Z 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1923 2023 3Q23 4Q23 1024 1923 2023 3023 4023 1024 = Consumer Ex. Credit Card m™ Credit Card ™@ Unsecured Personal Loans @ Payroll ™@ Credit Card m
Slide 10: Balance Sheet - Assets
Balance Sheet - Assets By Operation 25.2% 74.8% -6.7 -6.1 1Q23 2Q23 3Q23 4Q23 1Q24 @ Cash @ NetInvestments @& Gross Loans @ Colombia @ Central America @ LoanLoss Reserves @ Others Q/Q Y/Y Cash -18.6% -16.1% Assets QQ Y/Y Net Investments 7.2% -0.8% Colombia -0.7% -0.3% Gross Loans -0.3% -6.5% CoP 1.6
Slide 11: Balance Sheet - Gross Loans
@_Balance Sheet - Gross Loans Growth by Operation (Y/Y)' Growth by Segment (Y/Y) 19.0% eaten 16.5% 8 16.8% 129% 25% ; ——s 7.9% OK 16.6% Z8% 5.5% 5.6% 6%: 6.2% 0.9% oz ce -0.4%—~=3.6% AER “7.4% —~27.0% -6.1% -6.5% “14.2% -17.5% 1Q23 2Q23 3023 4Q23 1Q24 1Q23 2Q23 3Q23 4Q23 1Q24 - Colombia - CAM (USD)
Slide 12: Balance Sheet - Credit Risk Management
@ Balance Sheet - Credit Risk Management Total PDL & Coverage’ 1o7 0% 148.1% : 141.8% ners nascent 121.4% WOU CS s 90.5% 91.4% 3.67% GBra.) i /3eee SASS 28% 3.52% 4.23% 4.51% 4.68% 4.57% 1923 2923 3023 4923 1924 =Total Loans>90 — — Total Loans>120° — Coverage — Coverage + Collaterals® PDL by Segment
Slide 13: Balance Sheet - Credit Risk Management
@_ Balance Sheet - Credit Risk Management CoR' & Provision Expenses aa0% AG 5.06% 5.17% 2.88 3.95% Age: 3.30% Ea 1923 2023 3023 4023 1924 = Quarter - CoR12M - CoR 3M Annualized Loans by Stages 1Q23 2Q23 3Q23 4Q23 1Q24 -Stage1 -Stage2 -Stage3 Figures in COP Billion. The average rate COP/USD appreciat
Slide 14: Balance Sheet - Funding Sources and Liquidity
a Balance Sheet - Funding Sources and Liquidity Funding Sources ($) aa 157.8 152.3 153.2 152.6 -1.0% -7.0% -2.8% 3.7% -3.5% 1923 2923 3Q23 4Q23 1924 Funding Mix (%) 1Q23 2923 3Q23 4Q23 = Demand Deposits m TermDeposits m Bonds Figures in COP Trillion. The closing rate COP/USD depreciated 0.5% Q/Q and
Slide 15: Balance Sheet - Capital
@ Balance Sheet - Capital Structure 15.32% Capital Adequacy Ratios 15.26% 14.64% 14.54% 14.63% 11.50% New Minimum 1Q23 2Q23 3Q23 BIIl Requirements + Buffers * Equity & RWAs? 1Q24 QQ YIY Accounting Equity 15.3 3.6% -5.6% Common Equity Tier 1 13.4 2.6% -8.5% Additional Tier 1 2.0 2.2% -17.3% Total Tec
Slide 16: P&L - Financial Margin
@ P&L- Financial Margin 1Q24 $ Q/Qq YIY Loan Income 4,700 -1.0% 8.3% Investment and Interbank Income 577 -22.6% -18.5% Financial Income 5,277 -4.0% -9.5% Financial Expenses 3,038 -7.0% -6.1% Gross Financial Margin 2,239 0.5% -13.9% Provision Expenses 1,752. 1.8% 67.9% Net Financial Margin 488 -4.0%
Slide 17: P&L - Non Financial Income & Operating Expenses
@_ P&L-Non Financial Income & Operating Expenses 1024 $ Q/Q VEY, Fee Income’ 466 -12.2% 4.2% Other Net Income & Expenses 187 119.2% 99.5% Non Financial Income 654 6.0% 20.7% Ex. FX Impact* 5.5% 25.7% Non Financial Income & Ratio” 17.4% 17.9% 18.6% 20.1% 21.1% 541 541 486 617 654 Eee ee 1023 2023 302
Slide 18: P&L - Net Profit
@ P&L-Net Profit 1Q24 $ a/q GAL Gross Financial Margin 2,239 0.5% -13.9% Provision Expenses ee S2 1.8% 67.9% Net Financial Margin 488 4.0% -68.7% FX Changes, Derivatives 42 -64.9% -86.3% Non Financial Income’ 654 6.0% 20.7% Operating Expenses 1,470 -5.4% -1.8% Income Before Tax -371 32.5% -226.5% Ta
Slide 19: Expectations 2024
e Expectations 2024 Growth Loan Portfolio PDL* NIM Cost of Risk Profitability Non Financial Income Operating Expenses ROAE “PDL: Past due loans over 90 days. NIM, Cost of Risk and ROAE: 12 Month Ratios. 4023 | 2024 1024 (Previous / Feb.24) (Current) -6.1% AY/Y 4.94% 5.87% 4.35% 16.1% A Accum. Y/Y 13
Slide 20: Investor Relations
D/WIMIENDM™N Investor Relations www.ir.davivienda.com ir@davivienda.com + 57 (601) 220 3495 Bogota - Colombia
Slide 21: Appendix
Appendix B DAVIMIENDA
Slide 22: Results of our Sustainable Strategy
@s Results of our Sustainable Strategy Davivienda’s strategy is framed by policies that guide our 2 actions with principles of transparency and ethics. ® We updated our Human Rights Policy and our Tax Policy to reflect our commitment and include best practices Sustainable Loan Portfolio 12.6% 13.1%
Slide 23: Progress of our Digital Transformation Strategy
@s Progress of our Digital Transformation Strategy Digital Sales Digital Products Portfolio” Transactions by Channel i" Digital Clients" (CoP Trillion) (% of monetary transactions) (Hotproducts) @ 92.6% 12.4 13 10. 48% 52% 51% 52% 53% BERGE 1923 2Q23 3923 4923 1924 1923 2Q23 3023 4Q23 1024 1023 2023
Slide 24: DaviPlata, a Neobank for Everyone
@ DaviPlata, a Neobank for Everyone Customer Base (Million) 6.5 67 8 9 1Q23 2Q23 3Q23 4Q23 1024 With Products DaviPlata as Common with in the Sector ‘Only Product Davivienda © pare Payroll Advance © Launched in 2022, it is a micro-loan that allows clients to use a portion of their upcoming salary in
Slide 25: DaviPlata, a Neobank for Everyone - Cross-Selling Results
4.Current cards. @ __DaviPlata, a Neobank for Everyone Cross-Selling Results DaviPlata / Davivienda 741 670 679 8% cee) J co YN -27% YIY 1923 2923 3023 4023 1024 ® Loan Portfolio (COP Th) ++ Customers (k) Active Users CAC (30 Days) (12 Months) 4,709_ 2274 4,992 35% Ee 0.62 Ecards’ (Million) -18% 212