Banco De Bogota Sa · BVC:BOGOTA
Banco De Bogota Sa — Q1 2015 Earnings Presentation
23 slides from Banco De Bogota Sa's earnings presentation, Jun 18, 2015
Slide 1: First Quarter 2015 Consolidated Results Conference Call
First Quarter 2015 Consolidated Results Conference Call Colombian Banking GAAP and IFRS June 18, 2015 Investor Relations
Slide 2: Disclaimer
Disclaimer Banco de Bogotá is an issuer of securities in Colombia and is subject to the inspection and surveillance as a financial institution from the Superintendency of Finance of Colombia. Our subsidiaries are subject to inspection and surveillance from the Superintendency of Finance. Until Decem
Slide 3: Main Highlights
Main Highlights About Banco de Bogotá’s performance in 1Q2015: a) Consolidated Assets totaled COP 128.8 trillion after growing 22.9% YoY and 8.8% QoQ. b) Asset quality measured as 30 days PDL ratio has been stable at 2.4% since 2Q2014. c) Our Deposits represent 69.0% of total liabilities, maintainin
Slide 4: Macroeconomic Overview: Colombia (1/3)
Macroeconomic Overview: Colombia (1/3) GDP growth (YoY%) GDP by sector (YoY%) 10% -2% 0% 2% 4% 6% 8% 10% 12% QoQ YoY 8% GDP GDP 3.3% 4.6% Agriculture Agriculture 2.6% 6% 2.3% Mining Mining -0.2% 1.6% 2015e 2014 4% Industry Industry 2.0% 3.6% 0.2% Electricity Electricity 3.1% 2% 2.8% 3.8% Constructio
Slide 5: Macroeconomic Overview: Colombia (2/3)
Macroeconomic Overview: Colombia (2/3) Inflation (YoY %) Break even inflation*, TES market (%) 5% 5.0% 4% 4.5% 4.0% 3% 3.5% 2% 3.0% Total Headline 2.5% 1% Sin Alimentos w/o food stuff 2.0% Sin w/0 alimentos, food regulados stuff, regulated 0% 1.5% BEI 2Y BEI 10Y may-10 may-11 may-12 may-13 may-14 ma
Slide 6: Macroeconomic Overview: Colombia (2/3)
Macroeconomic Overview: Colombia (2/3) Balance of payments* (% of GDP) Trade balance* (USD M) 10% 2,000 8% 1,500 6% 1,000 4% 2% 500 0% 0 -2% -500 -4% -1,000 -6% -8% -1,500 Balanza comercial Monthly trade mensual balance (USD M) (USD Million) dic-00 Dec-00 dic-02 Dec-02 dic-04 Dec-04 dic-06 Dec-06 di
Slide 7: Macroeconomic Overview: Central America
Macroeconomic Overview: Central America GDP growth* (YoY%) Inflation (YoY%) Central bank interest rate (%) 10 CR PA GU NI 10 HO ES Cenam Costa Rica Honduras Guatemala 8 8 6 4 6 2 4 0 -2 2 abr-13 oct-13 abr-14 oct-14 abr-15 may-10 may-11 may-12 may-13 may-14 may-15 Source: SECMCA, * International Mon
Slide 8: Balance Sheet Structure
Balance Sheet Structure Total Assets (Trillion COP) Growth excl. depreciation of COP 1Q15/1Q14: 12.4% 1Q15/1Q14: 22.9% 1Q15/4Q14: 8.8% 1Q15/4Q14: 5.8% 128.8 118.4 104.8 1Q-14 4Q-14 1Q-15 Assets Breakdown 1Q-2014 4Q-2014 1Q-2015 Foreign Operation 1/ Foreign Foreign 34.2% Operation 1/ Operation 1/ 39.
Slide 9: Loan Portfolio Breakdown by Business Segment (COP Trillion)
Loan Portfolio Breakdown by Business Segment (COP Trillion) Gross Loan Portfolio (COP Trillion) Growth excl. depreciation of COP 1Q15/1Q14: 13.2% 1Q15/1Q14: 25.7% 1Q15/4Q14: 6.8% 1Q15/4Q14: 3.4% 76.2 71.3 60.6 1Q-14 4Q-14 1Q-15 Loan Portfolio Breakdown (COP Trillion) Growth excl. depreciation of Gro
Slide 10: Loan Portfolio Quality - Consolidated (1/5)
Loan Portfolio Quality - Consolidated (1/5) 30 days PDLs / Gross Loans NPLs / Gross Loans Cost of Risk * 30 days PDLs NPLs/Gross Loans Loan Provision Expense, Net of Charge-off Recoveries / Average Loans Loan Provision Expense / Average Loans 2.7% 1.9% 2.4% 2.4% 1.6% 1.3% 1.7% 1.5% 1.7% 1.7% 1.2% 1.
Slide 11: Loan Portfolio Quality – Colombia (2/5)
Loan Portfolio Quality – Colombia (2/5) 30 days PDLs / Gross Loans NPLs / Gross Loans Cost of Risk * 30 days PDLs NPLs/Gross Loans Loan Provision Expense, Net of Charge-off Recoveries / Average Loans Loan Provision Expense / Average Loans 2.5% 2.3% 2.4% 1.8% 1.9% 1.6% 1.7% 1.8% 1.8% 1.8% 1.5% 1.6% 1
Slide 12: Loan Portfolio Quality – Central America (3/5)
Loan Portfolio Quality – Central America (3/5) 30 days PDLs / Gross Loans NPLs / Gross Loans Cost of Risk * 30 days PDLs NPLs/Gross Loans Loan Provision Expense, Net of Charge-off Recoveries / Average Loans 3.1% Loan Provision Expense / Average Loans 2.6% 2.3% 1.9% 0.9% 1.1% 1.9% 0.9% 1.1% 1.6% 1.5%
Slide 13: Loan Portfolio Quality – Consolidated (4/5)
Loan Portfolio Quality – Consolidated (4/5) % of Total Loans 30 days Past Due Loans Non Performing Loans 1/ 1Q-15 1Q-14 4Q-14 1Q-15 1Q-14 4Q-14 1Q-15 Commercial 60.1% 1.6% 1.6% 1.5% 1.1% 1.1% 1.1% Consumer 24.9% 4.9% 4.3% 4.3% 3.3% 3.0% 2.9% Mortgage 10.7% 3.8% 2.6% 2.4% 1.7% 1.7% 1.5% Financial Lea
Slide 14: Loan Portfolio Quality – Colombia and Central America (5/5)
Loan Portfolio Quality – Colombia and Central America (5/5) Colombia % of Total Loans 30 days Past Due Loans Non Performing Loans 1/ 1Q-15 1Q-14 4Q-14 1Q-15 1Q-14 4Q-14 1Q-15 Commercial 73.4% 1.6% 1.6% 1.6% 1.2% 1.2% 1.3% Consumer 18.4% 5.8% 5.1% 5.3% 4.3% 3.7% 3.7% Mortgage 3.2% 0.5% 1.0% 1.2% 0.3%
Slide 15: Funding
Funding Liabilities (COP Trillion) Deposits (COP Trillion) Deposits Banks and Other Liabilities 1/ Bonds Interbank Borrowings Time Deposits Saving Accounts Checking Accounts Others 2/ 1Q15/1Q14*: 11.6% 1Q15/1Q14: 22.1% 1Q15/1Q14*: 10.5% 1Q15/1Q14: 23.0% 1Q15/4Q14: 9.9% 1Q15/4Q14: 8.3% 1Q15/4Q14*: 4.
Slide 16: Common Equity and Capital Ratio
Common Equity and Capital Ratio Shareholders’ Equity + Non-controlling interest Shareholders’ Equity (COP Trillion) (COP Trillion) Shareholders' Equity Non-Controlling Interest 1Q15/1Q14: 21.4% 1Q15/1Q14: 17.7% 1Q15/4Q14: -0.9% 1Q15/4Q14: -0.7% 12.2 12.1 10.0 16.1 15.9 13.5 3.9 3.8 3.6 12.2 12.1 1Q-
Slide 17: Net Interest Margin
Net Interest Margin Quarterly Net Interest Margin Net Interest Income (Billion COP) 1Q-14 4Q-14 1Q-15 1Q15/1Q14 1Q15/4Q14 1,083.7 1,175.6 1,315.1 21.4% 11.9% Net Investments Margin (1) Loans Interest Margin (2) Net Interest Margin (3) 6.6% 6.6% 6.5% 6.6% 6.5% 5.6% 5.5% 5.6% 5.6% 5.8% 3.1% 2.1% 1.8%
Slide 18: Net Income from diversified operating revenues
Net Income from diversified operating revenues Net Fees (COP Billion) 1/ Fee Income Breakdown, 1Q-2015 1Q-15: COP 827.2 Billion 1Q15/1Q14: 20.9% Others 2/ 1Q15/4Q14: 4.6% Fiduciary 10.6% Credit and activities debit card 705.8 738.2 5.0% 610.5 fees 35.8% Pension plan administration 24.0% Commissions
Slide 19: Consolidated Efficiency (COP Billion)
Consolidated Efficiency (COP Billion) Efficiency Ratio 1/ Operating Expenses / Average Assets 2/ 51.8% 50.0% 46.9% 3.8% 3.8% 3.5% 1Q-14 4Q-14 1Q-15 1Q-14 4Q-14 1Q-15 Non Operating Income, Net 76.7 36.4 19.7 1Q-14 4Q-14 1Q-15 1/ Operating Expenses before Depreciation & Amortization / Total Operating
Slide 20: Net Income and Profitability
Net Income and Profitability (COP Billion) Net Income (COP Billion) 1Q15/1Q14: 55.0% 1Q15/4Q14: 56.6% 489.2 315.6 312.3 1Q-14 4Q-14 1Q-15 ROAA 1/ 1.7% 1.4% 2.0% ROAE 2/ 12.8% 11.5% 16.1% Shares Outstanding 307,471,032 331,280,555 331,280,555 1/ Net Profit for the period, annualized / Average Assets
Slide 21: Banking GAAP Vs IFRS – Balance Sheet
Banking GAAP Vs IFRS – Balance Sheet (COP Billion) BANCO DE BOGOTÁ - CONSOLIDATED BALANCE SHEET Banking GAAP IFRS (1) IFRS vs. Banking GAAP (Billion COP) 1Q-2015 1Q-2015 $ % Cash and due from banks 14,195.6 14,344.6 149 1.1% Total investment securities, net 20,613.2 19,159.9 -1,453 -7.1% Total loans
Slide 22: Banking GAAP Vs IFRS – Statement of Income
Banking GAAP Vs IFRS – Statement of Income (COP Billion) BANCO DE BOGOTÁ – CONSOLIDATED STATEMENT OF INCOME Banking GAAP IFRS (1) IFRS vs. Banking GAAP Billion COP 1Q-2015 1Q-2015 $ % Total interest income 2,093.7 2,114.5 20.8 1.0% Total interest expense 778.6 835.6 57.0 7.3% Net interest income 1,3
Slide 23: 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