Banco Davivienda SA · BVC:PFDAVVNDA
Banco Davivienda SA — Q2 2015 Earnings Presentation
23 slides from Banco Davivienda SA's earnings presentation, July 2015
Slide 1: Earnings Presentation 2Q15 Consolidated Results
Earnings Presentation 2Q15 Consolidated Results
Slide 2: Disclaimer
The information presented here is exclusively for informative and illustrative purposes. It is not, nor does it pretend to be a source of legal or financial consultation regarding any issue. The financial information and projections presented are based on information and calculations carried out int
Slide 3: Content
Content Second Quarter Highlights Second Quarter 2015 Financial Results 3
Slide 4: Second Quarter Highlights
Second Quarter Highlights
Slide 5: Main Results
Second Quarter Highlights Main Results Accumulated income from interest loans grew by 24.6% compared to 1S14 totaling COP$2.9 trillion. Accumulated gross financial margin grew by 19.3% compared to 1S14 totaling COP$2.1 trillion. Net loans portfolio grew by 22.6% compared to June 2014. Allowances / N
Slide 6: Consumer Loans
Second Quarter Highlights Consumer Loans Consolidated consumer loans portfolio reached COP$14.8 trillion increasing 22.2% in 2Q15 compared to 2Q14. Consolidated mortgage loans portfolio grew 15.0% compared to similar period last year. The growth in payroll loans portfolio is highlighted in Colombia
Slide 7: Commercial Loans
Second Quarter Highlights Commercial Loans Commercial loans(1) reached COP$28.9 trillion, increasing 26.1% compared with 2Q14. The growth in corporate loans in Colombia is highlighted with an annual growth of 16.5%. SME loans in Colombia closed in COP$3.6 trillion, a growth of 25.2% compared to simi
Slide 8: International Subsidiaries Results
Second Quarter Highlights International Subsidiaries Results(1) Accumulated Net Income in International Subsidiaries grew in USD 24% compared to the same period of last year, totaling US$37.8 million2. Return on equity (ROAE) of international subsidiaries was 10.1%. 2Q15 / 1Q15: 2.6% Net Loans 2Q15
Slide 9: Daviplata
Second Quarter Highlights Daviplata Concepción, Antioquia was chosen as the pilot municipality for the project “Municipios Sin Efectivo”. The project was conducted by: Davivienda, Asobancaria and Banca de las Oportunidades. Daviplata totaled 2.7 million clients as of June 2015. Out of these, 2.3 mil
Slide 10: Dow Jones Sustainability Index
Second Quarter Highlights Dow Jones Sustainability Index Davivienda was reelected as one of the 10 Colombian companies to be part of Dow Jones Sustainability indexes. Davivienda improved its mark by 11 points marking 14 points above the industry: Social dimension seats above 14 points when compared
Slide 11: Other Highlights
Second Quarter Highlights Other Highlights Merger with Leasing Bolívar: The Board of Directors approved in the month of June the beginning of the integration process with Leasing Bolivar. Leasing Bolivar is a company dedicated to the development of Commercial Leasing portfolio , mainly in the SMEs a
Slide 12: Other Highlights
Second Quarter Highlights Other Highlights Debt: Fitch Ratings raised our rating from BBB- to BBB in July. Subordinated bonds were issued in the local market for COP$400 billion. In may, we securitized COP$369 billion worth of mortgages loans. In July the Bank in El Salvador acquired a financial obl
Slide 13: Second Quarter 2015 Financial Results
Second Quarter 2015 Financial Results
Slide 14: Assets
Consolidated Assets (COP trillion) 2Q15 / 1Q15 2Q15 / 2Q14 Cash -2.6% 39.7% Investments, net 1.8% 34.7% Loans, net 2.5% 22.6% Other assets 8.5% 10.3% Assets 2.2% 24.5% Asset Jun. 14 Mar.15 Jun. 15 2Q15 / 1Q15 2Q15 / 2Q14 Colombia 49.4 56.5 57.9 2.4% 17.0% International COP 11.5 17.4 17.8 2.2% 55.2%
Slide 15: Gross Loans
Consolidated Gross Loans (COP trillion) 2Q15 / 1Q15 2Q15 / 2Q14 Mortgage 0.9% 15.0% Consumer 3.1% 22.2% Commercial (1) 3.1% 26.1% Gross Loans 2.6% 22.5% Gross Loans Jun. 14 Mar.15 Jun. 15 2Q15 / 1Q15 2Q15 / 2Q14 Colombia 37.8 42.8 44.0 2.8% 16.2% International COP 7.6 11.4 11.7 2.2% 54.1% (2) Intern
Slide 16: Quality and Coverage (%)
Consolidated Quality and Coverage (%) Total Commercial(1) Quality: Loans >90 days. Coverage: Allowances / Loans >90 days. 1 Commercial includes microcredit. 16
Slide 17: Quality and Coverage (%)
Consolidated Quality and Coverage (%) Consumer Mortgage Quality: Loans >90 days. Coverage: Allowances / Loans >90 days. 17
Slide 18: Funding Sources
Consolidated Funding Sources (COP trillion) 2Q15 / 1Q15 2Q15 / 2Q14 Demand Deposits -4.3% 14.4% Term Deposits 5.7% 31.4% Bonds 4.9% 24.9% Credits -0.6% 39.6% Funding Sources 0.1% 22.8% Net Loans / Funding Sources 88.4% 86.2% 88.2% Funding Sources Jun. 14 Mar.15 Jun. 15 2Q15 / 1Q15 2Q15 / 2Q14 Colomb
Slide 19: Capital Structure
Consolidated Capital Structure Solvency Equity (COP billion) Y/Y: 15.1% Q/Q: 3.6% 7.8 7.5 6.7 Tier I Tier II Minimum Required 19
Slide 20: Financial Margin, Net
Consolidated Financial Margin, Net ACCUMULATED (COP billion) QUARTER 2,880 NIM(2) 2,311 1,413 1,466 1,180 Mar 15 Jun 15 6.7% 6.7% -760 -1,032 -392 -501 -531 2Q14 1Q15 2Q15 Jun. 14 Jun. 15 2Q15 2Q15 / 1Q15 2Q15 / 2Q14 Jun. 15 Jun. 15 / Jun. 14 $ (%) (%) $ (%) 1,466 3.8 24.3 Loan Income 2,880 24.6 95
Slide 21: Expenses
Consolidated Expenses ACCUMULATED (COP billion) QUARTER 549 285 264 450 229 Efficiency(3) Mar 14 Jun 15 268 516 246 248 49.7% 50.3% 473 83 96 90 157 186 2Q14 1Q15 2Q15 2Q15 2Q15 / 1Q15 2Q15 / 2Q14 Jun. 15 Jun. 15 / Jun. 14 $ (%) (%) $ (%) 285 7.7 24.2 Personnel Expenses 549 21.9 268 8.2 9.3 Operatin
Slide 22: Net Income
Consolidated Net Income (COP billion) ACCUMULATED QUARTER Jun. 14 Jun. 15 (Accm) (Accm) 408 ROAE(3) 19.1% 16.9% 632 645 328 237 ROAA(1) 2.12% 1.75% 2Q14 1Q15 2Q15 2Q15 / 2Q15 / Accum. 2Q15 6M15/6M14 1Q15 2Q14 2015 $ % % $ % 696 -14.6 4.2 Financial Margin, net 1,511 13.3 244 2.4 13.6 Fees & Commision
Slide 23: Thank You!
Thank You! atencionainversionistas@davivienda.com +57 1 2203495