Banco De Bogota Sa · BVC:BOGOTA
Banco De Bogota Sa — JP Morgan Global Emerging Markets Corporate Conference 2022
18 slides from Banco De Bogota Sa's conference presentation, 2022
Slide 1: JP Morgan Global Emerging Markets Conference Corporate Presentation 2022
JP Morgan - Global Emerging Markets Banco de Bogota Conference Corporate Presentation 2022 The Issuers Recognition-IR granted by the Colombian Securities Exchange is not a certification about the quality of the securities listed at BVC nor the solvency of the issuer. 1
Slide 2: Disclaimer
Disclaimer Banco de Bogotá is an issuer of securities in Colombia and, as such, it is required to comply with periodic reporting requirements and corporate governance practices. As a financial institution, the Bank is subject to inspection and surveillance from Colombia’s Superintendency of Finance.
Slide 3: 2022 First Quarter Performance Overview
2022 First Quarter Performance Overview Attributable Net Income for 1Q-2022 was $2.3 trillion pesos leading to an annualized 45.1% ROAE. • Strong business quarterly performance in addition to 5.2%(1) 45.1%(1) BHI’s spin-off one-time income, led to strong ROAA ROAE profitability ratios. Net Interest
Slide 4: Digital Transformation
Digital Transformation Sales Channel Transformation Service Channel Transformation Total Digital Sales (k) 1 Active Digital Retail Clients (k) 1,515 ∆ CAGR 27.8% 2,127 884 7.5 out of 10 1,303 1,577 Outstanding 495 Products sold in Consumer Ratings in Colombia our Banking App are digital 2020 2021 1Q
Slide 5: Context – Macro Performance Colombia
Context – Macro Performance Colombia Monthly activity indicator vs. GDP 1 (YoY %) Inflation vs. Central bank rate (YoY %) 30% 26.1% 10% 9.23% 2020 2021 2022e 9% Inflation (YoY %) 1.6% 5.6% 8.6% 20% 8% Central Bank Rate (%) 1.75% 3.0% 8.0% 10% 8.5% 7% 7.6% 6.00% 6% Central bank rate 0% 5% Headline in
Slide 6: Context – Macro Performance Panama
Context – Macro Performance Panama GDP (YoY%) Monthy activity indicator – IMAE (YoY%) 40% 20% 15% 30% 10% 20% 5% IMF Forecast 10% 0% 0% -5% -10% -10% -15% -20% -20% -30% 2015 2016 2017 2018 2019 2020 2021 2022 2023 Mar-19 Sep-19 Mar-20 Sep-20 Mar-21 Sep-21 Mar-22 GDP growth by sectors (% change sinc
Slide 7: Assets & Loan Portfolio Detail – Consolidated
Assets & Loan Portfolio Detail – Consolidated Figures in Ps. Trillions Total Assets Breakdown Total Gross Loan Portfolio Structure $122.0 $83.0 Other industrial and manufacturing products, 4.0% Other, 0.6% Public services, 3.4% Other (1) Chemical production, 3.6% Commercial services, 20.9% Assets, A
Slide 8: Loan Portfolio Quality – Consolidated
Loan Portfolio Quality – Consolidated 30 days PDLs / Gross Loans Cost of Risk (1) 90 days PDLs / Gross Loans Loan provision (net of recoveries of charged-off assets) / 30 days PDLs / Gross Loans Average Loans 90 days PDLs / Gross Loans Loan provision / Average Loans 6.0% 2.9% 5.0% 4.9% 2.3% 2.1% 2.7
Slide 9: Loan Portfolio Quality – Colombia and Central America
Loan Portfolio Quality – Colombia and Central America Colombia (COP) Panama (USD) Pro forma Pro forma Pro forma Pro forma 1Q-22 1Q-22 1Q-21 4Q-21 1Q-21 4Q-21 Delinquency Ratio 30-days PDLS / Gross Loans 6.6% 5.3% 5.2% 2.8% 3.7% 3.8% 90-days PDLS / Gross Loans 5.0% 4.2% 4.1% 1.6% 2.3% 1.8% Cost of Ri
Slide 10: Loan Portfolio Quality – Breakdown
Loan Portfolio Quality – Breakdown 30 days PDLs 90 days PDLs Pro forma Pro forma Pro forma Pro forma 1Q-22 1Q-22 1Q-21 4Q-21 1Q-21 4Q-21 Commercial 5.3% 4.6% 4.6% 4.6% 4.0% 4.0% Consumer 8.1% 6.0% 5.6% 4.2% 3.7% 2.8% Mortgage 5.2% 4.5% 5.1% 2.9% 2.9% 2.9% Microcredit 27.5% 31.8% 28.7% 19.2% 27.5% 25
Slide 11: Consolidated Funding
Consolidated Funding Figures in Ps. Trillions Total Funding Total Deposits YoY: 1.3%; Exc. FX: 1.0% YoY: -1.8%; Exc. FX: -2.1% QoQ: 2.1%; Exc. FX: 3.1% QoQ: 0.2%; Exc. FX: 1.1% 102.4 101.6 103.8 78.4 76.9 77.0 Pro forma 1Q-21 Pro forma 4Q-21 1Q-22 Pro forma 1Q-21 Pro forma 4Q-21 1Q-22 Pro forma Pro
Slide 12: Equity and Capital Adequacy as Reported
Equity and Capital Adequacy as Reported Figures in Ps. Trillions Attributable Equity + Minority Interest Tangible Common Equity YoY: -31.1% YoY: 5.1% QoQ: -39.4% QoQ: -20.0% 25.3 22.3 0.04 1.25 15.3 0.04 17.6 21.0 25.3 13.4 14.1 15.3 1Q-21 4Q-21 1Q-22 1Q-21 4Q-21 1Q-22 Total Equity Shareholders' Equ
Slide 13: Capital Adequacy Breakdown
Capital Adequacy Breakdown CET1 AT1 Tier II Total 399 bps 102 bps 13.5% 584 bps 13.0% -58 bps 11.7% 2.1% 1 -191 bps 1.4% 2.6% 1.3% 2 -34 bps 1 1.1% 3 4 -649 bps -90 bps 2 -116 bps 10.2% 3 5 10.4% 9.2% 4 Movements due to BHI’s spin-off Pre Spin-off 4Q-21 1Q-22 1Q-22* 1 1. Organic growth and FX revalu
Slide 14: Consolidated NIM
Consolidated NIM Figures in Ps. Billions Net Interest Income (Billions of COP) Growth Rate Pro forma Pro forma 1Q-21 4Q-21 1Q-22 YoY Exc. Fx QoQ Exc. Fx Net Interest Income 1,008.1 1,025.0 1,089.4 8.1% 6.8% 6.3% 6.5% 5.1% 4.9% 5.1% Net Interest Margin (1) 4.6% 4.1% 4.2% Net Interest Margin on Loans
Slide 15: Fees and Other Income
Fees and Other Income Figures in Ps. Billions Gross Fee income YoY: 9.1%; Exc. FX: 8.7% Fee Income Ratio (1) QoQ: -4.8%; Exc. FX: -4.7% 21.6% 25.1% 21.8% 394.1 375.2 343.9 9.0% 8.1% 7.7% 9.6% 10.0% Other 12.3% Fiduciary activites 80.0% 81.4% 81.9% Banking fees Pro forma 1Q-21 Pro forma 4Q-21 1Q-22 O
Slide 16: Efficiency
Efficiency Figures in Ps. Billions Efficiency (Billions of COP) Growth Rate Pro forma Pro forma 1Q-21 4Q-21 1Q-22 YoY Ex FX QoQ Ex FX Total Operating Expenses 664.2 835.8 724.3 9.0% 8.1% -13.3% -13.1% Total Income 1,563.4 1,536.8 2,996.6 (1) 91.7% 90.3% 95.0% 95.5% Cost to income (2) Cost to Assets
Slide 17: Profitability as Reported
Profitability as Reported Net Attributable Income Figures in Ps. Billions 1,500.0 2000 1,000.0 2,288.3 2,288.3 1000 500.0 709.9 770.6 - 0 1Q-21 4Q-21 1Q-22 ROAA 5.2% 0.065 (Reported) 1 1.4% 1.4% 0.0% 0 1Q-21 4Q-21 1Q-22 ROAE (Reported) 35.0% 2 45.1% 0.5 13.5% 12.4% 15.0% -5.0% 1Q-21 4Q-21 1Q-22 0 1.
Slide 18: Banco de Bogotá
Banco de Bogota G
Banco de Bogotá — JP Morgan Global Emerging Markets Corporate Conference 2022 on 6ix