Banco Davivienda SA · BVC:PFDAVVNDA
Banco Davivienda SA — Q4 2024 Earnings Presentation
32 slides from Banco Davivienda SA's earnings presentation, February 2025
Slide 1: Davivienda Corporate Presentation 4Q24
Davivienda Corporate Presentation 4Q24
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: Content
Content Page Page 1 About Davivienda 4 7 Digital Transformation and DaviPlata 13 2 Grupo Bolívar 5 8 Wealth Management 17 3 Ownership Structure 6 9 Credit Risk Management 18 4 Sustainable Management 7 10 Capital Structure 20 5 History 9 11 Key Ratios 21 6 Loan Portfolio and Funding Sources 10 12 Col
Slide 4: Banco Davivienda at a Glance
Banco Davivienda at a Glance Loans: $13.1 Bn Loans: $11.6 Bn Main Figures Customers: 9.9 M Customers: 434 k USD Billion Y/Y 2 Assets $ 43.4 7.4% 2 Gross Loans $ 33.0 7.0% Deposits $ 30.9 10.4% Equity $ 3.7 9.5% Net Profit1 -$ 22.0 -75.9% Deposits: $259.8 M Loans: $8.2 Bn Customers: 18.5 M Customers:
Slide 5: Our Main Shareholder: Grupo Bolívar
Our Main Shareholder: Grupo Bolívar Among the most important conglomerates in Colombia with over 80 years of experience. Consolidated figures USA (Miami) Assets USD 49.9 billion Honduras Equity USD 4.6 billion El Salvador Customers +30 million Employees 26 k Costa Rica Colombia Countries 6 Panamá Fin
Slide 6: Ownership Structure
Ownership Structure Inversiones Meggido Other 0.2% 12.0% Inversiones Other companies Cusezar Common shares 3.3% 11.9% 371,069,401 Foreign Retail 76.1% 75.9% investors 1.4% 4.9% Inversiones Meggido Inversiones Meggido 9.2% Retail 0.1% Inversiones Other 5.6% Inversiones Cusezar Total shares companies
Slide 7: Our Sustainable Management
Our Sustainable Management GREEN INCLUSIVE THE WORLD IS OUR HOME LET’S MAKE IT MORE Our Material Issues ● Prosperity ● Well-being ● Natural Capital ● Economic Capital ● Inclusion PROSPEROUS ● Trust ● Service Ratings Reporting Memberships 7
Slide 8: Results of our Sustainable Strategy
Results of our Sustainable Strategy Sustainable Loan Portfolio1 (USD Billion) Our strong ESG practices demonstrate our commitment to delivering long term value to our stakeholders. 44% Y/Y Strengths Sustainable Financing 43% Climate Strategy Y/Y Financial Inclusion 42% Y/Y We published a new Policy
Slide 9: Milestones of Sustainable Growth
Milestones of Sustainable Growth Proven Track Record of Organic and Inorganic Growth Savings and Loans The Local Bank A Regional Banking Platform Creating Ecosystems 5 Mar. 2024 Nov. 2023 Share Issuance Holding US$163M Davivienda Internacional 2024 Oct. 2024 13.3% 2021 CF4| 2024 2015 2020 15.1% 11.8
Slide 10: A Diversified Loan Portfolio
A Diversified Loan Portfolio¹ USD Billion 2004 4Q24 Y/Y Commercial 15.4% Consumer -8.1% $1.3 $33 Mortgage 8.8% Total 7.0% Y/Y Colombia COP 0.4% $1.3 $33 International USD 2 7.7% Colombia USD 31.0% 1. Consolidated Gross Loans 2. Growth in USD Figures in USD Billion Exchange Rate as of December 2024: C
Slide 11: A Portfolio Focused on Strategic Segments and Products
A Portfolio Focused on Strategic Segments and Products USD Billion 2% Mortgage Loans 2.0% Consumer Loans 7.5% Unsecured Personal Loans Leasing Payroll Low Income Housing $9.4 $7.9 Credit Cards Vehicle Residential Revolving Loans Commercial Loans1 FINANCIAL, INSURANCE AND INVESTMENT $15.7 CONSTRUCTIO
Slide 12: Stable and Diversified Funding Sources
Stable and Diversified Funding Sources USD Billion Demand deposits Term deposits $39.2 Credits Bonds Loans to Deposits 130.7% 128.9% 122.3% 120.2% 120.8% 110.2% 106.7% Loans to Funding Sources 97.2% 95.9% 93.4% 91.4% 92.6% 89.1% 88.8% International Issuances Portfolio Securitization2 (USD Million) Is
Slide 13: Progress in our Digital Strategy
Progress in our Digital Strategy In 2024, we consolidated our Super APP for Individuals which allowed us to enhance our growth capabilities… Mobile Accounts1 Mobile Term Deposits Digital Disbursements2 +685k +160K USD 2.7 Bn. 13% Y/Y stock growth 30% Y/Y digital term 11% Y/Y deposits opened Digital
Slide 14: DaviPlata, a Neobank for Everyone
DaviPlata, a Neobank for Everyone Wallet Payment method Financial Offering Entrepreneurships, P2P Ecard Loans - Popular Economy Informal Mobile top-up PSE Savings Businesses, and Remittances QR Insurance Micro Businesses Send money to any account Pay bills Your option to solve your financial needs. Y
Slide 15: Daviplata, our Native Digital Bank
Daviplata, our Native Digital Bank Customer Base Low-Amount Deposits (Million) (USD Million) 15% Key 7% Y/Y Y/Y differentiators 14% Y/Y Service Our service is reliable and always on-demand. NPS 2024 Rating 78.4 4.80 4.73 With Products DaviPlata as Common with End of Monthly Innovation in the Sector O
Slide 16: DaviPlata, our Native Digital Bank
DaviPlata, our Native Digital Bank Cross-Selling Results Daviplata’s Credits1 DaviPlata / Davivienda (USD Million) 6% Y/Y 26% Y/Y -22% Y/Y -14% Y/Y Active Users CAC Customer Service (30 Days) (12 Months) 7.3pts 26% Y/Y Y/Y -4 pp Y/Y 34% Y/Y 0.5pts Y/Y 2 1. Daviplata’s Credits include Nanocredits and
Slide 17: Wealth Management
Wealth Management USD Billion AUM Evolution Y/Y USD $11 Billion in AUM Trust Business 408.4 thousand customers 14% -4.5% USD $6.3 Billion in AUM Brokerage Business 52.4% 108.3 thousand customers 11.3% Funds and Portfolios Assets Under Custody Trust Funds Investment Funds & Securities Brokerage & Vol
Slide 18: Balance Sheet - Credit Risk Management
Balance Sheet - Credit Risk Management Total PDL & Coverage1 Coverage + Collaterals3 2 3 PDL by Segment Coverage1 1. Coverage: Loan Loss Reserves / Loans > 90 days 2. Total >120: (Mortgage > 120 days + Commercial > 90 days + Consumer > 90 days) / Gross Loans 3. Coverage + Collaterals = (Loan Loss Re
Slide 19: Credit Risk Management
Credit Risk Management CoR1 & Provision Expenses 4Q24 Accumulated 3Q24 Accumulated $ Q/Q $ Y/Y $ Q/Q $ Y/Y Provision Expenses 221 -14.6% 1,276 -12.2% Provision Expenses 0.265-29.1% 1.0792.3% Loans by Stages Coverage by Stages Figures in USD Million. The average rate COP/USD depreciated by 2.3% Q/Q a
Slide 20: Capital Structure
Capital Structure Capital Adequacy Ratios CET1 7.0% 1 Equity & RWAs2 Leverage Ratio 4Q24 Q/Q Y/Y Accounting Equity 3.7 3.0% 9.5% Common Equity Tier 1 3.2 3.5% 8.3% Additional Tier 1 0.5 3.9% 15.6% Total Technical Capital 4.6 3.6% 8.6% RWAs 29.4 -1.9% 1.4% Credit Risk 25.8 3.0% 3.5% Market Risk 0.7 4
Slide 21: Key Financial Ratios
Key Financial Ratios Margins & Cost of Risk Other Income Ratios Non Financial Income Ratio 12 M Fee Income Ratio 12 M Efficiency Ratios ROAA & ROAE Cost-to-Income 12 M Excluding Non-Recurring Income Excluding Goodwill Impairment Cost-to-Assets NIM = Net Interest Income (12 months) / Average Earning As
Slide 22: A Leading Banking Institution in Colombia
A Leading Banking Institution in Colombia Customers¹ +23M Branches 518 ATMs 2.2k Banking Correspondents 33.5k Employees 12.7k December Market Y/Y Ranking USD Billion 2024 Share Assets $ 32.7 4.1% 2 13.3% Gross Loans $ 24.0 2.8% 2 15.1%² Commercial $ 11.1 14.6% 3 12.9% Consumer $ 5.3 -18.0% 3 12.0% M
Slide 23: Our Operations in Central America
Our Operations in Central America Honduras Total Central America¹ USD Million Dec. 24 Y/Y Assets 12,009 5.1% El Salvador Gross Loans 8,234 7.7% Customers 1.8 M Costa Rica Commercial 4,071 5.2% Branches 140 Consumer 2,483 10.3% ATMs 568 Panama Mortgage 1,680 10.0% Employees +4.3 K Deposits 8,440 9.2%
Slide 24: Board of Directors and its Supporting Committees
Board of Directors and its Supporting Committees Audit Committee BoD Members2 Supports BoD in supervising effectiveness of internal controls. Composed of three directors, two are independents members of the BoD. Reviews financial audited statements prior submission to the BoD. Corporate Governance &
Slide 25: Experienced Management Team
Experienced Management Team Javier Suárez Chief Executive Officer ● Civil Engineer from Universidad de los Andes, with a Masterʼs degree in Finance and a Masterʼs degree in Actuarial Sciences from Georgia State University. ● Over 30 years of experience in the financial industry. Ricardo León Pedro Ur
Slide 26: Appendix
Appendix B DNAVIVIENDN
Slide 27: Macroeconomic Fundamentals Colombia
Macroeconomic Fundamentals Colombia Gross Domestic Product (Y/Y) Monetary Policy Rate, Inflation and Funding Rate Dec. 23 Dec. 24 Term Deposits 360 Days Dec. 23 13.42% 9.76% 10.8% MPR Inflation 13.00% 9.50% 7.3% 9.28% 5.20% 2.6% 3.2% 9.97%* 1.4% 0.7% 1.7% 9.50%* 5.22%** -7.2% 2017 2018 2019 2020 2021
Slide 28: Financial System Colombia
Financial System Colombia System Loan Portfolio Interest Rates on Loans Apr. 23 47.1% (Annual Growth) Dec. 23 Dec. 24 (4-week moving average) 37.6% 31.2% Cap Rate1 26.4%* 11.8% 18.7% 7.7% Consumer 19.5%* 9.6% Mortgage 7.9%* 14.0% Total 14.5%* 6.2% Commercial 5.7%* 11.0% Commercial 12.6%* 2.7% 9.7% 3
Slide 29: Macroeconomic Fundamentals CAM
Macroeconomic Fundamentals CAM 2023 2024 Quarterly Quarterly Gross Domestic Product (Y/Y) Average Average Inflation (Y/Y) 7.6% Costa Rica 5.0% 4.3% Honduras 3.6% 2.9%* 3.5% Panamá 4.2% 2.0%* El Salvador Honduras 4.1% 4.7% 5.2% 1.6%* 3.9% 3.6% 2.6% 1.9% Costa Rica 2.4% 2.0% 1.2% 0.8% 0.5% El Salvador
Slide 30: Consolidated Balance Sheet
Consolidated Balance Sheet USD Million 4Q23 3Q24 4Q24 $ Q/Q Q/Q $ Y/Y Y/Y ASSETS Cash and Interbank Funds 4,069 3,215 4,072 857 26.7% 3 0.1% Investments 4,385 4,864 4,923 59 1.2% 538 12.3% Gross Loans 30,839 31,934 32,990 1,056 3.3% 2,151 7.0% Commercial 13,587 14,953 15,680 727 4.9% 2,093 15.4% Con
Slide 31: Consolidated P&L
Consolidated P&L Quarter Accumulated USD Million 4Q23 3Q24 4Q24 $ Q/Q Q/Q $ Y/Y Y/Y 2023 2024 $Y/Y Y/Y Total Income 1,349 1,216 1,175 - 41 -3.4% - 174 -12.9% 5,483 4,933 - 550 -10.0% Loans 1,166 1,059 1,049 - 10 -1.0% - 117 -10.1% 4,857 4,373 - 484 -10.0% Investment 142 129 94 - 35 -27.2% - 49 -34.2
Slide 32: Investor Relations
Investor Relations ir.davivienda.com ir@davivienda.com + 57 (601) 220 3495 Bogotá - Colombia