Banco De Bogota Sa · BVC:BOGOTA
Banco De Bogota Sa — Q2 2016 Earnings Presentation
20 slides from Banco De Bogota Sa's earnings presentation, Sep 27, 2016
Slide 1: 2Q-2016 Consolidated Results Conference Call
2Q-2016 Consolidated Results Conference Call FULL IFRS September 27, 2016 The IR Recognition granted by the Colombian Securities Exchange (Bolsa de Valores de Colombia S.A) is not a certification of the registered securities or the solvency of the issuer.
Slide 2: Disclaimer
Disclaimer Banco de Bogotá is an issuer of securities in Colombia. As a financial institution, the Bank, as well as its financial subsidiaries, is subject to inspection and surveillance from the Superintendency of Finance of Colombia. As an issuer of securities in Colombia, Banco de Bogotá is requir
Slide 3: 2016 Second Quarter Performance Highlights
2016 Second Quarter Performance Highlights Recurring Attributable Net Income for the period was $570.9 billion pesos, which represented a 15.8% increase versus the second quarter of 2015 Key Metrics Commentary • ROAA: 2.1% / ROAE: 17.1% • ROAA steady; ROAE increased 30bps • NIM increased 30 bps due
Slide 4: Colombia: Economic activity has decelerated but a gradual pick-up is expected
Colombia: Economic activity has decelerated but a gradual pick-up is expected going forward GDP (YoY %) GDP growth by sector(YoY %) 2014 2015 2016e 4.6% 3.1% 2.3% 8% GDP 2.0% -0.1% 3.1% 7% Agriculture 2.4% 6% Mining -7.1% 4.4% 5% Industry 6.0% 0.1% 4% Electricity -0.8% 1.7% 3% Construction 1.0% 2.0%
Slide 5: Colombia: Dissipation of shocks, as well as central bank rate hikes
Colombia: Dissipation of shocks, as well as central bank rate hikes Core and total inflation (YoY %) COP/USD Exchange Rate 10% Inflation Headline inflation 2014 2015 2016e 8.1% 2Q15 1Q16 2Q16 8% Core inflation 4(1) 3.7% 6.8% 6.8% Average 2,496.45 3,263.49 2,993.00 6.6% End of period 2,598.68 3,000.6
Slide 6: Colombia: Balance of payments adjustment continues
Colombia: Balance of payments adjustment continues Trade balance (USD M, % GDP, monthly) International reserves (USD M, months of 50 imports) 13 -USD810 M 5% International reserves (USD M) 47,123 -3.4% GDP IR in months of imports 12 12.3 1,000 40 Historical average 11 0% 0 30 10 20 9 8.4 -5% -1,000
Slide 7: Central America: Strong growth, stable inflation, low rates
Central America: Strong growth, stable inflation, low rates GDP (YoY %) 7 2015 2016f 6.1 6 5.8 5 4.5 4.5 4.3 4.0 4.0 4.1 4.3 4 3.6 3.7 3.5 3 2.4 2.5 2 1 0 El Salvador Honduras Costa Guatemala Central Nicaragua Panama Rica America Inflation (YoY %) Central bank interest rate (%) 10 CR PA GU NI HO ES
Slide 8: Impact of Deconsolidation of CFC in Banco de Bogotá's Balance Sheet
Impact of Deconsolidation of CFC in Banco de Bogotá’s Balance Sheet Figures in PS Trillion Total Assets Total Liabilities 132.1 150.0 118.1 2.2 134.6 13.9 17.6 2Q-16 Pre- Deconsolidation of Difference between 2Q-16 Post- 2Q-16 Pre- Deconsolidation of 2Q-16 Post- deconsolidation CFC Assets BV and FV
Slide 9: Impact of Deconsolidation of CFC in Banco de Bogotá's Income Statement
Impact of Deconsolidation of CFC in Banco de Bogotá’s Income Statement Figures in Ps. Billion NII post Cost of Risk Net Fees Trading Income 899 902 879 171 1,019 19 89 919 100 82 2Q16 Pre- Deconsolidation of 2Q16 Post- 2Q16 Pre- Deconsolidation of 2Q16 Post- 2Q16 Pre- Deconsolidation of 2Q16 Post- d
Slide 10: Balance Sheet Structure - Consolidated
Balance Sheet Structure - Consolidated Figures in Ps. Trillions Total Assets Growth excluding FX 2Q16/2Q15: 12.3% 2Q16/2Q15: 7.3% 2Q16/1Q16: -0.3% 2Q16/1Q16: 0.8% 150.5 150.0 133.5 134.6 2Q-15 1Q-16 2Q-16 Pre-deconsolidation 2Q-16 Post-deconsolidation Assets Breakdown 2Q-16 2Q-16 2Q-15 1Q-16 Pre-dec
Slide 11: Loan Portfolio Breakdown by Business Segment - Consolidated
Loan Portfolio Breakdown by Business Segment - Consolidated Figures in Ps. Trillions Gross Loan Portfolio Growth excluding FX 2Q16/2Q15: 9.0% 2Q16/2Q15: 14.3% 2Q16/1Q16: 2.3% 2Q16/1Q16: 1.1% 91.5 92.5 91.4 81.0 2Q-15 1Q-16 2Q-16 Pre-deconsolidation 2Q-16 Post-deconsolidation Gross Loan Portfolio Bre
Slide 12: Loan Portfolio Quality (1/3) – Consolidated
Loan Portfolio Quality (1/3) – Consolidated 30 days PDLs/ Gross Loans Cost of Risk (1) 90 days PDLs / Gross Loans 30 days PDLs / Gross Loans 90 days PDLs / Gross Loans Impairment loss (net of recoveries of charged-off assets) / Average Loans Impairment loss / Average Loans Excluding Pacific Rubiales
Slide 13: Loan Portfolio Quality (2/3) – Colombia and Central America
Loan Portfolio Quality (2/3) – Colombia (1) and Central America Colombia Central America Pre- decon. Post- decon. 2Q15 1Q16 2Q15 1Q16 2Q16 2Q16 2Q16 Delinquency Ratio 30 day PDLS / Gross Loans 2.7% 3.1% 3.1% 2.9% 2.3% 2.3% 2.3% 90 day PDLS / Gross Loans 1.9% 2.1% 2.0% 2.0% 1.0% 1.0% 1.0% Cost of Ris
Slide 14: Loan Portfolio Quality (3/3) – Consolidated
Loan Portfolio Quality (3/3) – Consolidated 30 days PDLs 90 days PDLs Pre- decon. Post- decon. Pre- decon. Post- decon. 2Q-15 1Q-16 2Q-15 1Q-16 2Q16 2Q16 2Q16 2Q16 Commercial 1.7% 2.0% 2.0% 1.9% 1.3% 1.5% 1.5% 1.4% Consumer 4.7% 4.5% 4.7% 4.6% 2.3% 2.0% 2.1% 2.1% Mortgage 2.3% 2.5% 2.3% 2.3% 1.1% 1.
Slide 15: Funding - Consolidated
Funding - Consolidated Figures in Ps. Trillions Total Funding Growth excluding FX Total Deposits Growth excluding FX 2Q16/2Q15: 7.4% 2Q16/2Q15: 5.5% 2Q16/2Q15: 12.3% 2Q16/2Q15: 10.3% 2Q16/1Q16: -0.8% 2Q16/1Q16: 0.3% 2Q16/1Q16: -1.1% 2Q16/1Q16: -2.2% 125.5 124.5 92.6 110.9 113.0 90.5 87.4 82.0 2Q-15
Slide 16: Equity and Capital Adequacy
Equity and Capital Adequacy Figures in Ps. Trillions Attributable Equity + Minority Interest Shareholders ‘ Equity 2Q16/2Q15: 12.4% 2Q16/2Q15: 12.3% 2Q16/1Q16: 3.3% 2Q16/1Q16: 2.8% 17.4 18.0 15.7 16.0 16.5 12.1 13.2 13.5 4.2 4.4 0.8 3.9 13.2 13.5 15.7 12.1 2Q-15 1Q-16 2Q-16 2Q-16 2Q-16 2Q-15 1Q-16 2
Slide 17: Net Interest Margin Consolidated
Net Interest Margin Consolidated Quarterly Net Interest Margin Net Interest Income(1) (Billion COP) Growth Rate 2Q-16 Pre- 2Q-16 Post- 2Q16/2Q15 2Q16/1Q16 2Q-15 1Q-16 deconsolidation deconsolidation Pre-deconsolidation Pre-deconsolidation 1,227.8 1,494.8 1,484.8 1,523.9 20.9% -0.7% Net Interest Marg
Slide 18: Fees and Other Operating Income
Fees and Other Operating Income Figures in Ps. Billions Gross Fee income 2Q16/2Q15: 21.1% 2Q16/1Q16: -1.2% 814.1 998.0 985.9 964.9 2.8% 3.1% 3.2% 3.4% 23.9% 21.4% 20.9% 21.4% Other 3.9% 4.2% 3.9% 5.2% Pension fees Fiduciary activites 67.5% 72.0% 71.8% 71.6% Banking fees 2Q-15 1Q-16 2Q-16 2Q-16 2Q-16
Slide 19: Consolidated Efficiency Ratio
Consolidated Efficiency Ratio Efficiency Ratio (1) 50.8% 46.0% 43.3% 43.8% (2) 2Q-15 1Q-16 2Q-16 2Q-16 2Q-16 Post-deconsolidation 2Q-16 Pre-deconsolidation Post-deconsolidation Banco de Bogotá Stand Alone (1) Central America (1) 55.7% 55.5% 54.7% 34.9% 35.6% 31.6% (2) 2Q-15 1Q-16 2Q-16 2Q-15 1Q-16 2
Slide 20: Profitability
Profitability Figures in Ps. Billions Figures including Non Net Income attributable to controlling interest Recurrent income for deconsolidation of CFC Figures excluding (3) wealth tax 2,759.2 x.x 533.6 493.0 570.9 570.9 375.2 (3) 2Q-15 1Q-16 2Q-16 2Q-16 2Q-16 Pre-deconsolidation Post-deconsolidatio