Grupo Cibest S.a. · BVC:CIBEST
Grupo Cibest — Q4 2020 Earnings Presentation
22 slides from Grupo Cibest's earnings presentation, Feb 26, 2021
Slide 1: 4Q20 Earnings Results
4Q20 EARNINGS RESULTS 1 Investor Relations – 4Q20 Results
Slide 2: Overview 2020
Overview 2020 — Balance Sheet * Diversified funding sources, mainly driven by growth of retail deposits. « Allowances represent 8.1% of total loans*. * Full adoption of Basel Ill regulation - Earlier than required. © Credit risk r . LN * Despite high provisions charges due to COVIDI9, the Bank conti
Slide 3: Macro
Macro Main macroeconomic indicators for Colombia Indicator 1Q20 2Q20 3Q20 4Q20 — grown 1.4% 15.7% 8.5% 3.6% Urban unemployment rate 5 @ ro 0; (% of active population, end of period) a Bani We Tees ee [elENs -2:1% “4.4% 6.0% 8.9% (E) Consumer inflation ® % 19 (YoY % variation, year end) Biers aus aad
Slide 4: Digital Strategy
Digital Strategy a 2\3 & © @ & . Analytics rect & Big Data edia Blockchain Robotics Cybersecurity % Intelligence Performance .5 | ECOSYSTEMS STRATEGIC Process | IT architecture . @ Bancolombia ALLIANCES automation | modernization NEQUI | TRIBUTI ¥ 4.8mclients | 4.6m clients 8.4 Ih active Mobile App
Slide 5: Ecosystems
Ecosystems Analytics : _ Platform for Business larketplace: Mobility Independent Enhancers Contractors Businesses
Slide 6: Sustainability
Sustainability a We work to promote sustainable economic development to achieve well-being for everyone _ Gold Class Award ) aS Financial Inclusion 2021 Sustainability Yearbook sieved eta by S&P Global S&P Global / 9.4 Million (+154% y/y) 74 Billion pesos People financially empowered Se eel al by BA
Slide 7: Credit Reliefs
-_ Credit Reliefs Evolution of the credit reliefs on a consolidated basis a 44% Credit Reliefs over total loans 44% 17% 15% 7% 8% 2a20 3a20 4Q20 mLoans under relief =PAD Evolution of the credit reliefs by geography Colombia Panama | El Salvador | Guatemala } ple ' pees 45% 45% 51% F 10% 12% | Be 31%
Slide 8: Credit Risk
Credit Risk Provisions Breakdown 1,668 1,203 760 727792 530 279 L | [| non | a = Parameters Update + Consumer COVID 19 Deterioration 55 223124 63 140119 4, 225 132198 229 — Mi == (78) —_— a oe SME Deterioration Corporate Specific Provisions Deterioration ™1Q20 =2Q20 =3Q20 #4Q20 Risk Models GDP Growt
Slide 9: Stages
-_ Stages “—- Loan Breakdown by Stages Balance Stage 2 and 3 - Coverage 51.4% 9 = 48:5% 47.3% —® 35.2 2018 2019 2020 mStagel mStage2 Stage 3 22.5 : 19.9 Coverage by Stages 16.6 : 10.2 10.9 I 159% 2018 2019 2020 18.0% 11% 52% 3% 2.1% mam Balance Stage 2 and3 mamAllowances —e=% Coverage 2018 2019 2020
Slide 10: Provisions and Allowances
Provisions and Allowances 3.9% 2.39 2017 2018 2019 2020 mamProvisions ==Cost of Risk 4.8% 5.6% 2017 2018 2019 2020 am Allowance for loan losses* ——Allowance for loan losses as a percentage of total loans *Based on allowances for loan losses excluding interest Net Provisions Charges 4Q20/4Q19 A +79%
Slide 11: Asset Quality and Coverage
Asset Quality and Coverage Asset Quality Evolution 4Q19 1Q20__ 220 3Q20 4Q20 Initial PDLs 7,563 7530 9,079 6,975 8,943 New PDLs* 730 2,234 (1,372) 2,539 431 Charge-offs (763) (685) (732) (571) (237) COP Billion PDLs and Coverage per Category % of loan Overdue 30 days Overdue 90 days portfolio 4Q20 4
Slide 12: Capital Adequacy
Capital Adequacy Capital Regulation 11.50% 9.00% Old Rule Basel Ill Tier 1 #AT1 # Capital Conservation Buffer m D-SIB Buffer mTier II Bancolombia Capital Adequacy 12.82% 2019 (Old Rule) mTier! mTierll 14.74% 2020 (Basel III) -_- —/- 2
Slide 13: Liquidity Management
Liquidity Management Liquidity and Deposits COP Billion 183,649 180,821 157,205 4Q19 3Q20 4Q20 mam Deposits Funding Cost —Net Loans / Deposits 4Qa19 3Q20 4@20 = Share (%) Checking Accounts 0.00% 0.00% 0.00% 15% Savings Accounts 1.72% 1.07% 0.83% 40% lime Deposits __ Gielen _Gizkens Sie) __ ae 9% 2.1
Slide 14: Financial Highlights by Subsidiary
-_ - Financial Highlights a Banistmo _ 4Q20 / 4Q19@ Acquired in 2013 Provision Charges PY Colombia and Central America Overview - —- Bancolombia Provision Charges Efficiency: 52.1% / 49.8% t NIM: 3.3% / 3.7% 1,926 1536 1,299 | 2Q20 3Q20 4Q20 Efficiency: 48.0% / 49.5% NIM: 5.4% / 6.2% A417 Fee Income
Slide 15: NIM & NII
NIM & Nil 2017 2018 2019 2020 ==Net interest margin Net Interest Income 10,463 10,446 11,201 10,826 2017 2018 2019 2020 m= Net Loans Income = Net Investments Income COP Billion 1s
Slide 16: Operating Expenses & Efficiency
Operating Expenses & Efficiency Total Operating Expenses Personnel Expenses* Administrative Expenses 2020/2019 A -3% 2020/2019 A -10% 2020/2019 A 1% 8,254 708 4,887 4,950 3,367 a - 2019 2020 2019 2020 2019 2020 49.2% 50.1% 51.1% 50.5% 4.2% 4.2% 4.2% 3.6% 2017 2018 2019 2020 «==Operating Expenses to
Slide 17: Non-Interest Income
Non-Interest Income Evolution of Net Fees 2020/2019 A 0.4% 3% 18.6% 18.7% 19.2% 2017 2018 2019 2020 mauNet Fees ——Fee Income Ratio Credit/debit cards Bancassurance Trust/Inv. B/Brokerage services 2020/2019 A 1% 2020/2019 A 13% 2020/2019 A 5% 1611 1,822 1846 1,305 451422 L... 643 51 729 535 2017 2018
Slide 18: Profitability
Profitability ROE & ROA 2017 2018 —@ROE 2019 =<HROA 18
Slide 19: 4Q20 Earnings Results
4Q20 EARNINGS RESULTS 19 Investor Relations – 4Q20 Results
Slide 20: Assets and Loans Breakdown
Assets and Loans Breakdown Total Assets Other sectors, 4Q20/4Q19 1 +8% 21% 4Q20/3Q20 A -4% Consumer 14.8% Transport and Saige Communications a % | Construction, 1% Commercia Commerce Services, and Tourism, 14% 14% =Gross Loans s=Net Investments Other 191 BN 182 BN 160 BN 174 BN 13.2% 13,6% 12,8% 9 2
Slide 21: Disclaimer
_- Disclaimer Bancolombia This report_.corresponds tothe interim unaudited consolidated financial statements of BANGOELOMBIA S,A, and its subsidiaries (“BANCOLOMBIA” or “The Bank”) which Bancolombia controls, amongst others, by owning directly or indirectly, more than 50% of the voting capital stock
Slide 22: 4Q20 Earnings Results
4Q20 EARNINGS RESULTS 22 Investor Relations – 4Q20 Results