Grupo Aval Acciones Y Valores Sa · BVC:GRUPOAVAL
Grupo Aval Acciones Y Valores Sa — Q2 2025 Earnings Presentation
21 slides from Grupo Aval Acciones Y Valores Sa's earnings presentation, May 7, 2025
Slide 1: 2Q25 Consolidated Earnings Results
2Q25 CONSOLIDATED EARNINGS RESULTS IFRS August 12, 2025
Slide 2: Disclaimer
DISCLAIMER Grupo Aval Acciones y Valores S.A. (“Grupo Aval”) is an issuer of securities in Colombia and in the United States (“SEC”). 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 an
Slide 3: Consolidated Key Results for the Quarter
CONSOLIDATED KEY RESULTS FOR THE QUARTER Balance Sheet Profitability • Attributable net income for the quarter reached Ps Q/Q: 0.3% 494.9 billion (Ps 20.8 pesos per share), 36.9% higher Q/Q: 52 bps than for 1Q2025 and 142.2% higher than for 2Q2024. Gross loans $199.4 Tn Net interest margin 4.0% Y/Y:
Slide 4: Strategic Priorities
STRATEGIC PRIORITIES Customer Financial Synergies and Digital Corporate Sustainability experience diversification efficiencies transformation culture 4 4
Slide 5: ESG Highlights
ESG HIGHLIGHTS GOVERNANCE AND ENVIRONMENTAL First meeting of the • Presentation of Grupo Aval's members of the We updated our double materiality strategy, challenges of the assessment. This exercise involved Boards of Directors of entities and role of board members. the participation of 280 Grupo Av
Slide 6: ESG Highlights
ESG HIGHLIGHTS SOCIAL +21,500 people. 3,100 families. +80 communities. 280 business plans for artisans. Financial education 100 communities benefited from and inclusion recycling initiatives. workshop in the Top 10 Ranking 3° 7° 8° municipality of of Inclusive Organizations in Ambalema, Tolima. Lati
Slide 7: Macroeconomic Context – Colombia (1 | 2)
MACROECONOMIC CONTEXT – COLOMBIA (1 I 2): GDP vs. Monthly Activity Indicator* Monthly Activity Indicator Consumer and Business Confidence** (YoY%) (Year-to-date February, YoY%) (Normalized 2002-25) 2 4% Retail/Wholesale trade and 5.2% transportation** Consumer 3% Finance 4.5% Business 2.7% 2.7% Publ
Slide 8: Macroeconomic Context – Colombia (2 | 2)
MACROECONOMIC CONTEXT – COLOMBIA (2 I 2): Inflation vs. Central bank interest Current account vs. Exchange rate Primary fiscal deficit central rate (YoY%, %) (12-month %GDP, USD/COP avg. inverted) Government (% GDP, YTD) 14% -1% 3,500 4% Aval guidance EoP 25: 8.5% area -2% -1.8% 12% 2% Aval guidance
Slide 9: Colombian Banking System – LTM Loan Growth
COLOMBIAN BANKING SYSTEM – LTM LOAN GROWTH (Unconsolidated results under Colombian IFRS) Gross Loans Market Share (%) 27.3% 28.6% 29.7% 26.4% 26.5% 26.8% 16.4% 26.5% 27.6% 25.0% 24.1% 24.3% 25.1% 11.6% 10.3% 16.9% Aval Banks 13.8% 14.3% 14.8% 10.6% 4.6% 5.3% System excluding Aval 4.8% 0.1% May-22 Ma
Slide 10: Colombian Banking System – Loan Portfolio Quality
COLOMBIAN BANKING SYSTEM – LOAN PORTFOLIO QUALITY : 30 days PDLS / Gross loans (Unconsolidated results under Colombian IFRS) Gross Loans 6.2% 5.4% 5.2% 4.3% System excluding Aval 4.7% 4.2% 4.2% 3.7% Aval Banks May-22 Nov-22 May-23 Nov-23 May-24 Nov-24 May-25 Commercial Loans Consumer Loans Mortgages
Slide 11: Assets and Gross Loans
ASSETS AND GROSS LOANS Figures in Ps. Trillions A/A% = 6.0% Y/Y% 8.9% Total assets Q/Q% T/T% == 2.3% 1.8% % Asset contribution 329.9 335.7 316.6 19.1 18.6 19.3 6.1 5.8 5.6 50.5 53.3 44.6 14.1 15.3 15.9 Cash and equivalents Fixed income investments 184.0 189.9 191.8 58.1 57.6 Net loans and leases (1)
Slide 12: Funding
FUNDING Figures in Ps. Trillions Y/Y% = 6.3% Total funding Q/Q% = 1.5% Funding breakdown (%) 2Q24 1Q25 2Q25 263.9 276.5 280.6 Deposits 75.2% 75.2% 75.5% Banks and others (1) 9.7% 9.7% 9.4% Bonds issued 9.3% 8.9% 8.6% Interbank borrowings 5.8% 6.3% 6.5% 2Q24 1Q25 2Q25 Total deposits Y/Y% = 6.8% Q/Q%
Slide 13: Capital
CAPITAL Figures in Ps. Trillions Attributable Equity + Minority Interest Attributable Shareholders Equity Y/Y% = 6.2% Y/Y% = 6.2% Q/Q% = 3.4% Q/Q% = 3.1% 31.7 32.6 33.7 16.7 17.2 17.8 15.0 15.5 15.9 16.7 17.2 17.8 2Q24 1Q25 2Q25 Total equity / Assets 10.0% 9.9% 10.0% 2Q24 1Q25 2Q25 Tangible equity r
Slide 14: NIM – Net Interest Margin
Net Interest Income (2) (Trillions) NIM – NET INTEREST MARGIN 2Q24 1Q25 2Q25 2Q25 / 2Q24 2Q25 / 1Q25 2.1 2.2 2.6 25.8% 16.1% Banking segment Grupo Aval 4.90% 4.96% 4.99% 5.07% 4.96% 4.90% 4.96% 4.95% 5.04% 4.13% 4.29% 4.28% 4.20% 4.40% 4.41% 4.48% 4.04% 4.20% 4.26% 3.41% 4.00% 3.91% 4.60% 3.85% 3.36
Slide 15: Loan Portfolio Quality (1 | 3)
30 days Past Due Loans / Gross loans LOAN PORTFOLIO QUALITY (1 I 3) Figures in Ps. Billions 90 days Past Due Loans / Gross loans Figures in Ps. Billions Credit quality & Coverage ratios Commercial 5.9% 5.2% 5.4% 5.8% 5.8% 5.1% 4.9% 4.8% 5.5% 4.5% 4.8% 5.3% 5.3% 4.5% 4.4% 5.1% 5.2% 4.8% 4.7% 4.2% 4.3
Slide 16: Loan Portfolio Quality (2 | 3)
LOAN PORTFOLIO QUALITY (2 I 3) Commercial 36.8% 37.2% 50.0% 35.4% 35.6% 35.4% 34.9% 34.4% 120.0% 31.4% 29.4% 40.0% 30.0% 100.0% 8.5% 8.3% 8.6% 8.7% 9.1% 9.2% 8.7% 8.1% 7.9% 20.0% 10.0% 3.7% 3.7% 3.3% 3.0% 3.0% 3.4% 3.0% 3.6% 4.1% 80.0% 0.0% Loans by stages 60.0% -10.0% 87.9% 88.0% 88.1% 88.3% 87.8%
Slide 17: Loan Portfolio Quality (3 | 3)
LOAN PORTFOLIO QUALITY (3 I 3) Cost of risk, net - Commercial loans Cost of risk 0.5% 0.5% 0.7% 0.4% 0.9% 0.4% 0.9% 0.4% -0.1% 3.2% 2.9% 2.9% 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 2.5% 2.4% 2.9% 2.3% 2.3% 2.2% 2.7% 2.1% 2.5% 2.2% 2.1% 1.9% 2.0% 1.8% 1.7% Cost of risk, net - Consumer loans 7.5
Slide 18: Fees and Other Operating Income
FEES AND OTHER OPERATING INCOME Figures in Ps. Billions Gross fee income Non-financial sector (*) Y/Y% = 3.5% Q/Q% = -0.3% 2Q24 1Q25 2Q25 1,153 1,197 1,193 Energy & gas 345 250 279 4.0% 3.8% 4.3% Infrastructure 346 506 306 25.1% 26.7% 24.3% 10.3% 10.9% 11.8% Hotels 17 19 17 Agribusiness 8 -1 -7 60.7
Slide 19: Efficiency Ratios
EFFICIENCY RATIOS Figures in Ps. Billions Cost to income(1) 61.3% 53.7% 54.8% 54.0% 54.7% 50.4% 50.7% 50.8% 52.0% 2Q24 1Q25 2Q25 Y/Y% Q/Q% Personnel expenses 791 831 842 6.5% 1.4% General and administrative expenses 1,122 1,162 1,171 4.4% 0.8% Depreciation and amortization 177 189 201 13.8% 6.3% 2Q2
Slide 20: Profitability
PROFITABILITY Figures in Ps. Billions Net income attributable to controlling interest 495 416 362 281 204 166 65 83 114 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 7.0 2.7 3.5 4.8 17.5 11.8 15.2 EPS 8.6 20.8 1.0% 1.1% 0.9% 0.6% 0.7% 0.6% (1) 0.5% 0.4% ROAA 0.6% 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q
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