Grupo De Inversiones Suramericana S.a. · BVC:GRUPOSURA
Grupo De Inversiones Suramericana — Q1 2020 Earnings Presentation
20 slides from Grupo De Inversiones Suramericana's earnings presentation, May 2020
Slide 1: Q1 2020 Results Presentation
Q1 2020 R E S U LT S P R E S E N TAT I O N TORRES DEL PAINE, CHILE 1
Slide 2: Disclaimer
DISCLAIMER The forward-looking statements contained herein are based on Management’s current forecasts and outlook. For better illustration and decision-making, figures for Suramericana, SURA Asset Management and its subsidiaries are administrative rather than accounting, and therefore may differ fr
Slide 3: Agenda
AGENDA Crisis Management Financial Results Q1-2020 COVID-19 Grupo SURA Suramericana SURA Asset Management 3
Slide 4: Crisis Management - COVID 19: Focus of Action
CRISIS MANAGEMENT - COVID 19: FOCUS OF ACTION 1 _ 2 _ 3 _ 4 _ _ 5 Employees Clients and Society Risks and Financial Businesses Opportunities 4
Slide 5: Employees: Focus on their wellbeing
Employees Focus on their wellbeing Working Remotely • Guaranteeing physical, mental and financial health Suramericana • Preserving employment and wellbeing of over 30,000 employees in 10 countries 21,000 employees • Protection and prevention measures for those who perform client-facing sensitive Col
Slide 6: Clients and Businesses
CLIENTS AND BUSINESSES The moment to be relevant • Facilitate customer access: strengthening remote channels and digital tools • Adjust operating models: reinvent processes from virtuality • Alliances to offer more service alternatives to clients Insurance Pension, savings and asset management • Emp
Slide 7: Society: Working together to be part of the solution
SOCIETY Working together to be part of the solution • Contribution to maintain economic dynamics • Preserving jobs • Support suppliers, specially SMEs • Constant interaction with national and local Governments to propose common interest initiatives • Direct donations through Fundación SURA to: • Str
Slide 8: Risks
RISKS Possible impacts • Lower economic growth • Unemployment • Exposure to capital markets: investment portfolio valuation, volatility • Lower demand and policy cancellations: movility and business solutions • Higher claims ratio in some insurance solutions • Regulation: temporary changes have mate
Slide 9: Opportunities
OPPORTUNITIES • Greater efficiency leveraged on digital transformation • Changes in consumer habits: greater relevance of health, savings and insurance solutions • Customer loyalty from improvements in advisory, assistance and digital channels Suramericana • Accelerating the trend and risk managemen
Slide 10: Financial: Good liquidity and solvency positions
FINANCIAL Grupo SURA and subsidiaries with good liquidity and solvency positions Holding company’s highly predictable cash flow in 2020 Grupo SURA (holding) • Estimated received dividends: COP 1.13 tn 2020E cash flow • Main uses: interest payment, dividend distribution and debt 1,134 130 1,004 matur
Slide 11: Consolidated Results
C O N S O L I D AT E D R E S U LT S MAR DEL PLATA, BUENOS AIRES, ARGENTINA 11
Slide 12: Positive Growth in Main Business Lines
POSITIVE GROWTH IN MAIN BUSINESS LINES Net income is affected by lower returns from financial market and currency devaluation CONSOLIDATED INCOME STATEMENT MAR - 20 MAR - 19 Var$ Var% Retained premiums 2,728 2,481 247 9.9% Commission income 696 654 42 6.4% Revenues from services rendered 1,163 927 2
Slide 13: Net Income Adjusted for Market Effects
NET INCOME ADJUSTED FOR MARKET EFFECTS Decreases 25.4% due to lower equity method contribution ∆SURA AM ∆Grupo SURA and other COP -358 COP -140 560 12 (12) 367 -25.4% 274 (369) (127) (115) (5) (14) (6) (76) 2019 Net 2019 Net ∆ Net Income ∆ Net Income ∆ Encaje SURA ∆ Equity Method ∆ Fx Impact** ∆ Adm
Slide 14: Consolidated Results
C O N S O L I D AT E D R E S U LT S GUATAPÉ, ANTIOQUIA, COLOMBIA 14
Slide 15: Positive Operating Dynamic and Revenue Growth
POSITIVE OPERATING DYNAMIC AND REVENUE GROWTH Contrasts with lower investment income CLAIMS + ADJ. RESERVES SERVICES RENDERED TECHNICAL RESULT* % RET. PREMIUMS COSTS / REVENUES % OPERATING REVENUES 1,357,658 93.4% 93.7% 1,204,581 606,677 643,679 1,057,299 GROSS WRITTEN PREMIUMS + 828,967 REVENUES FR
Slide 16: Net Income Decreased
NET INCOME DECREASED Due to lower returns on marked-to-market investment portfolios C O R P O R AT E A N D Var% Written Premiums +18.0% +6.1% +25.3% COP +8,340 MM Retained Claims ´19/´20 59.1% / 58.8% 51.1% / 52.9% 88.4% / 89% OTHER +6.0% 6,919 -89% 118,308 -9.8% 13,565 106,697 (24,380) (2,490) (605
Slide 17: Consolidated Results
C O N S O L I D AT E D R E S U LT S MACHU PICCHU, PERÚ 17
Slide 18: Resilient Growth in Commission Income
RESILIENT GROWTH IN COMMISSION INCOME Opacado por rentabilidad del encaje y su efecto en el método de participación COMMISSION INCOME + Var%: +6.1% -173.3% -313% +63.7% -93.1% -58.8% INSURANCE Local Currencies: +3.1% -173.7% -311% +68.3% -93.0% -59.6% MARGIN 33,032 793,362 COP 635 (117,598) billion
Slide 19: Net Income
NET INCOME Impacted by mandatory pension business Var% Commission income +4.5% +19.8% C O R P O R AT E AUM (COP tn) / Var% 417 / +7.0% 56 / +3.0% AND OTHER +37,418 MM +6.0% 225,391 +16.3% 101,368 87,133 45,804 (12,536) 4,149 (129,870) (389,003) (2,102) NET INCOME NET INCOME MANDATORY VOLUNTARY FINAN
Slide 20: Investor Relations Contacts
CEO: GONZALO PÉREZ CFO: RICARDO JARAMILLO Head of Investor Relations: JUAN CARLOS GÓMEZ jcgomez@gruposura.com.co Investor Relations Specialist: ANDRÉS ZULUAGA azuluagaa@gruposura.com.co (574) 3197039 https://www.gruposura.com/en/investor-relations/reports/ 20
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