Banco Davivienda SA · BVC:PFDAVVNDA
Banco Davivienda SA — Davivienda — Q4 2021 Earnings Presentation
23 slides from Banco Davivienda SA's earnings presentation, Mar 1, 2022
Slide 1: Consolidated Financial Results - 4Q21
Davivienda Consolidated Financial Results - 4Q21
Slide 2: Disclaimer
The information hereby presented is exclusively for informative and illustrative purposes and it is not, nor does it pretend to be, a source for legal or financial assessment of any kind. Certain statements in this presentation are “forward-looking” statements within the meaning of the U.S. Private S
Slide 3: Macroeconomic Fundamentals Colombia
Aspectos Macroeconómicos Macroeconomic Colombia Fundamentals Colombia Gross Domestic Product (Y/Y) Fiscal Balance* * Year-to-date average Fuente: Ministry of Finance Source: National Administrative Department of Statistics (DANE). * National Government **Preliminary Exchange Rate and Oil Prices Mone
Slide 4: Macroeconomic Fundamentals CAM
Macroeconomic Fundamentals CAM Gross Domestic Product (Y/Y) Inflation (Y/Y) Exchange Rate Monetary Policy Rate 4 Source: Central Banks from Central America.
Slide 5: 4Q21 Main Results
4Q21 Main Results Customers2 Market Share $1.261 Accum. Net Profit Accum. Y/Y: 209.1% 19.8 M 11.9% Y/Y 16%3 9.5%4 Leader Main Player $118.6 1 Gross Loan Portfolio Q/Q: 4.4% Y/Y: 11.2% Retail Commercial 12.4% Y/Y 74% 4.5% Y/Y 10.6% Y/Y Gross Loans Digitally Linked Gross Loans SMEs Loans5 6.33% NIM FX+
Slide 6: Results of Our Sustainable Management
Results of Our Sustainable Management Sustainability Policy Main Results We enrich the lives of the people and planet thanks to the power of transformation 8.1% Y/Y underlying our business models, while we ensure our future existence by behaving COP 11.1 Tn Sustainable Loan Portfolio 9.3% Gross Loan
Slide 7: Strategies: Our Priorities
Strategies Our Priorities DaviPlata 13.8 M Customers 881 Bn Deposits New Co 83 Bn Transactional Income1 Rating Android & iOS 4.7 & 4.62 Bank in Transformation 54% Digital Monetary Transactions1 88% 55% Digital Sales1 Digital +170% Y/Y Digital Loans Customers3 1. Accumulated Figures 2. Figures as of
Slide 8: Pillars of Our Transformation
Pillars of Our Transformation 3. Analytics skills 2. Strategic Our Digital Transformation is 4. Exponential alliances based on technology and constant update 5 pillars 1. Redefinition of 5. Attracting, training and customer’s retaining the best experience human talent 8
Slide 9: Balance Sheet - Assets
Activo Balance Sheet - Assets By Operation Q/Q Y/Y Assets Q/Q Y/Y Cash 21.5% 29.3% Colombia 4.9% 8.9% Net Investments -3.6% -0.7% COP 6.2% 21.6% Gross Loans 4.4% 11.2% International Loan Loss Reserves -4.1% -16.0% USD1 1.7% 4.8% Others 4.5% -1.1% 1. Figures in USD billion Assets 5.3% 11.9% By the en
Slide 10: Balance Sheet - Gross Loans
Balance Sheet - Gross Loans Growth by Operation (Y/Y)1 Growth by Type (Y/Y) Gross Loans Mix 106.7 108.2 111.0 113.6 118.6 By the end of December the COP depreciated 4.4% Q/Q and 16.0% Y/Y Figures in COP Trillion 1. Loans Growth CAM in USD (growth 4Q21 in COP: 21,1%) 10
Slide 11: Balance Sheet - Credit Risk Management
Balance Sheet - Credit Risk Management Total PDL & Coverage1 2 PDL by Type2 Coverage by Type3 1. PDL: Past Due Loans by type / Gross Loans 2. Total >120: (Mortgage > 120 days + Commercial > 90 days + Consumer >90 days) / Gross Loans 3. Coverage: Asset Allowances / Loans > 90 days 11
Slide 12: Balance Sheet - Credit Risk Management
Balance Sheet - Credit Risk Management CoR1 - Provision Expenses 4Q21 Accumulated $ Q/Q $ Y/Y Provision 825 28.7% 3,301 -21.4% Expenses Loans by Stages Coverage by Stages Figures in COP billion. As of 4Q21 the average exchange rate depreciated 1.2% Q/Q and 1.4% Y/Y 1. Cost of Risk= Provision Expense
Slide 13: Balance Sheet - Structure
Activo Balance Sheet - Structure Assets Q/Q Y/Y Liabilities & Colombia 4.9% 8.9% Assets Equity COP 6.2% 21.6% Y/Y Y/Y International USD 1.7% 4.8% $152.7 11.9% Liabilities Q/Q Y/Y 29.3% Colombia 5.3% 9.0% -0.7% COP 6.7% 21.6% 30.2% International USD 2.2% 4.9% Liabilities $138.4 11.2% 11.9% Y/Y Fundin
Slide 14: Balance Sheet - Capital Structure
Balance Sheet - Capital Structure Capital Adequacy Ratios 1 Equity & RWAs2 Leverage Ratio 4Q21 Q/Q Accounting Equity 14.3 2.0% Core Equity Tier 1 12.9 2.7% Additional Tier 1 2.0 2.8% Total Equity 19.4 2.8% APNRS 107.9 5.4% Credit Risk 97.6 6.0% Market Risk 4.2 -4.2% Operative Risk 6.2 3.2% 1. Phase-
Slide 15: P&L - Financial Margin
P&L - Financial Margin Gross Financial Margin 4Q21 Accumulated $ Q/Q $ Y/Y Financial Income 2,787 4.5% 10,587 -7.5% Financial Expenses 844 3.5% 3,106 -20.0% Gross Financial Margin 1,943 5.0% 7,482 -1.1% Provision Expenses 825 28.7% 3,301 -21.4% Net Financial Margin 1,118 -7.6% 4,181 24.1% FX Changes
Slide 16: P&L - Non Financial Income & Expenses
P&L - Non Financial Income & Expenses 4Q21 Accumulated 4Q21 Accumulated $ Q/Q $ Y/Y $ Q/Q $ Y/Y Fee Income1 418 -4.0% 1,501 32.9% Personnel Expenses 459 -0.8% 1,794 11.5% Other Net Income & Expenses -19 -145.7% 94 0.8% Operating Expenses and Others 788 18.6% 2,706 6.9% Non Financial Income 400 -16.2
Slide 17: P&L - Net Income
P&L - Net Income 4Q21 Accumulated Net Income2 $ Q/Q $ Y/Y Gross Financial Margin 1,943 5.0% 7,482 -1.1% Provision Expenses 825 28.7% 3,301 -21.4% Net Financial Margin 1,118 -7.6% 4,181 24.1% FX Changes, Derivatives 131 61.4% 498 1853.6% Non Financial Income1 400 -16.2% 1,595 30.5% Operating Expenses
Slide 18: Expectations 2022
Expectations 2022 2022 2022 (Dec. 2021) (Feb. 2022) Growth Δ 10% - 11% Δ 11% - 12% Loan Portfolio PDL* 3.3% - 3.5% 3.2% - 3.4% NIM 6.0% - 6.3% 6.0% - 6.3% Cost of Risk 2.4% - 2.6% 2.3% - 2.6% Profitability Other Operating Income Δ 13% - 15% Δ 10% - 11% Operating expenses Δ 8% - 9% Δ 8% - 9% ROAE 11%
Slide 19: Visit us at ir.davivienda.com
Investor Relations and Capital Management ir@davivienda.com + (57 601) 220 3495 www.davivienda.com Bogotá - Colombia Visit us at ir.davivienda.com
Slide 20: Appendix
Appendix 20
Slide 21: Digital Transformation Evolution
Digital Transformation Evolution Digital Transactions by Sales1 Channel2 (% of products) (% of monetary transactions) Digital Deposits3 Digital Loans3 Digital Investments3 1,2x 1,7x 1,6x Y/Y Y/Y Y/Y 61% 170% -11% Y/Y Y/Y Y/Y 4% Deposits 17% Retail Banking Portfolio 1. Accumulated figures. 2. Accumula
Slide 22: DaviPlata, Our Digital Native Bank
DaviPlata, Our Digital Native Bank Customer Base Outstanding Electronic Deposits Accum. Transactional Income (Millon) ($ Billion COP) ($ Billion COP) 13.8 +2.2M 1,7x 1,1x 11.6 Y/Y A/A A/A 4.0 2.7 +500k Q/Q 4.1 4.2 4.7 5.7 Dec. 20 Dec. 21 With products in the sector DaviPlata as only product Ecards A
Slide 23: Loan Portfolio - Relief Programs Evolution
Activo Loan Portfolio - Relief Programs Evolution COL Payment Behavior Up to date: 86.3% Past due 31 - 90 days: 7.1% Past due > 90 days: 6.6% 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 % Portfolio under relief Commercial Consumer Mortgage CAM Payment Behavior Up to date: 89.8% Past due 31 - 90 days: 5.