Grupo Aval Acciones Y Valores Sa · BVC:GRUPOAVAL
Grupo Aval Acciones Y Valores Sa — Q3 2020 Earnings Presentation
20 slides from Grupo Aval Acciones Y Valores Sa's earnings presentation, Nov 23, 2020
Slide 1: Slide 1
Slide 2: Debt service coverage and leverage ratios
Debt service coverage and leverage ratios 3Q19 2Q20 3Q20 D 3Q20 vs. 2Q20 3Q20 vs. 3Q19 As of September 30th, 2020 our combined double leverage (calculated as investments in subsidiaries at book value, subordinated loans to subsidiaries and goodwill as a percentage of shareholders' equity) was 1.20x.
Slide 3: 3Q20 Consolidated Earnings Results IFRS
1 3Q20 Consolidated Earnings Results IFRS
Slide 4: Disclaimer
2 Disclaimer Grupo Aval Acciones y Valores S . A . (“Grupo Aval”) is an issuer of securities in Colombia and in the United States .. As such, it is subject to compliance with securities regulation in Colombia and applicable U . S . securities regulation . Grupo Aval is also subject to the inspection
Slide 5: Consolidated key results for the quarter
3 COP $tn 3Q19 2Q20 3Q20 3Q20 vs 3Q19 3Q20 vs 2Q20 Gross Loans $ 179.3 $ 209.3 $ 210.0 17.2% 0.4% Deposits $ 174.0 $ 212.2 $ 217.1 24.7% 2.3% Deposits/Net Loans 1.00 x 1.04 x 1.07 x 0.07 x 0.03 x 90 days PDLs / Gross Loans 3.3% 3.0% 3.2% (5) bps 21 bps Allowance/90 days PDLs 1.53 x 1.53 x 1.48 x -0.
Slide 6: Key results by operation
4 COP $tn 3Q19 2Q20 3Q20 3Q20 vs 3Q19 3Q20 vs 2Q20 3Q19 2Q20 3Q20 3Q20 vs 3Q19 3Q20 vs 2Q20 Gross Loans $ 122.1 $ 132.8 $ 131.8 7.9% -0.7% $ 57.1 $ 76.5 $ 78.3 37.0% 2.3% Deposits $ 117.7 $ 131.6 $ 132.6 12.7% 0.7% $ 56.4 $ 80.6 $ 84.5 50.0% 4.9% Deposits/Net Loans 1.01 x 1.04 x 1.06 x 0.05 x 0.02 x
Slide 7: Macroeconomic context - Colombia (1|2)
5 (4.5%) (3.0%) (8%) (6%) (4%) (2%) 0% 2% Trade balance Current Account Deficit 6.5 3.8 3.9 3.9 3.4 3.1 3.6 1.8 2.2 2.1 1.7 2.4 1.2 1.4 1.2 1.6 2.2 2.4 2.6 2.8 3.1 3.2 3.4 3.4 1.0 - 16.0 - 9.5 I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV 2014 2015 2016 2017 201
Slide 8: Macroeconomic context - Colombia (2|2)
6 9.1% 8.9% 9.2% 9.4% 9.7% 10.5% 15.0% 9.9% 9.8% 10.0% 10.6% 10.8% 11.2% 17.0% 2014 2015 2016 2017 2018 2019 Sep-20 LTM average national unemployment LTM average urban unemployment Macroeconomic context – Colombia ( 2 | 2 ) Source: Banco de la República de Colombia. Urban unemployment defined as une
Slide 9: Macroeconomic context - Central America
7 (3%) (1%) 1% 3% 5% 7% Dec-17 Jun-18 Dec-18 Jun-19 Dec-19 Jun-20 CR ES GU HO NI PA Cenam 2.8% 3.4% 5.0% 2.6% 0.3% (0.4%) (2.4%) 3.2% 3.0% 2.1% 3.8% 2.7% 2.4% - 3.9% - 5.9% - 9.0% - 5.5% - 2.0% - 6.6% - 9.0% - 5.5% 3.6% 4.0% 2.3% 4.0% 4.9% 4.0% - 0.5% 2019 2020E 2021E Macroeconomic context – Central
Slide 10: Assets
8 Net loans and leases Fixed income investments Unconsolidated equity investments Other 61.1 11.3 2.0 25.7 2Q20 60.7 11.7 2.1 25.5 3Q20 63.7 10.4 2.0 23.8 3Q19 Assets Assets Breakdown (%) Total Assets Exc. FX = Growth excluding FX movement of Central American Operations (1) Includes Ps.19.3 trillion
Slide 11: Loans and receivables
9 Loans and receivables Gross loans Gross loans Breakdown % Growth excluding FX movement of Central American Operations (1) Exc. FX = Growth excluding FX movement of Central American Operations (1) Includes Ps. 13.1 trillion of gross loans of Multi Financial Group. Ps. 7.2 trillion of commercial loa
Slide 12: Loan portfolio quality
10 Loan portfolio quality Charge offs / Average 90+ PDLs Cost of Risk Quality Coverage 4.55% 4.05% 5.16% 3.26% 3.00% 3.21% 30 days PDLs / Gross loans 90 days PDLs / Gross loans 2.72% 3.20% 3.08% 2.49% 3.10% 2.91% Impairment loss / Average gross loans Impairment loss, net / Average gross loans 1.53x
Slide 13: Loan portfolio quality: days past due formation
11 Loan portfolio quality 30 days past due formation 90 days past due formation (1) (2) 30 days past due loans (1) 90 days past due loans (2) Loans by Stages (%) (1) Past Due Loans + 30 / Total Loans including interest accounts receivable (2) Past Due Loans + 90 / Total Loans including interest acco
Slide 14: Funding
12 227.5 282.7 282.5 3Q19 2Q20 3Q20 Deposits Banks and others Bonds issued Interbank borrowings Funding composition (%) 3Q19 2Q20 3Q20 9.7 76.8 10.8 75.1 11.6 76.5 3.0 10.4 3.9 10.2 2.5 9.4 Q/Q% = - 0.1%; Y/Y% = 24.2%; Exc. Fx = 20.2% Exc. Fx = - 1.1% 15.7% 18.9% 18.0% 3Q19 2Q20 3Q20 1.00x 1.04x 1.0
Slide 15: Capital
13 3Q19 2Q20 3Q20 3Q19 2Q20 3Q20 3Q19 2Q20 3Q20 3Q19 2Q20 3Q20 Primary capital (Tier 1) 9.6 9.8 9.7 10.2 8.7 8.4 8.7 7.8 8.8 10.2 11.0 11.0 Solvency Ratio 13.4 12.4 12.7 12.4 10.5 10.5 10.7 9.1 10.4 11.0 11.5 12.3 19.3 19.9 20.8 13.0 14.2 14.6 32.4 34.2 35.4 3Q19 2Q20 3Q20 Attributable equity Minori
Slide 16: Net interest margin
14 3Q19 2Q20 3Q20 3Q20 / 3Q19 3Q20 / 2Q20 3.0 3.3 3.2 8.7% -0.9% 5.68% 5.29% 5.08% 3Q19 2Q20 3Q20 2.95% 3.26% 3.78% Cost of funds NIM – Net Interest Margin Net Interest Margin (1) Loans Interest Margin (2) Net Investments Margin (3) Net Interest Income (1) (Trillions) (1) Net Interest Income and Net
Slide 17: Fees and other operating income
15 3Q19 2Q20 3Q20 Energy & gas 193 145 194 Infrastructure 551 193 637 Hotels 8 -20 -16 Agribusiness -1 3 5 Other -90 -82 -86 Total 661 239 734 Fees and other operating income Gross fee income Other operating income Non - financial sector (1) (1) Net income from sales of goods and services (2) Reflec
Slide 18: Efficiency ratios
16 3.9% 3.2% 3.1% 3Q19 2Q20 3Q20 Efficiency ratios Cost to income efficiency ratio is calculated as total other expenses divided by net interest income plus net income from commissions and fees, net income from sales of goods and services, net trading income, net income from other financial instrume
Slide 19: Profitability
17 Profitability Figures in Ps. Billions Net income attributable to controlling interest ROAA (1) ROAE (2) (1) ROAA for each quarter is calculated as annualized Net Income divided by average of total assets. (2) ROAE for each quarter is calculated as annualized Net Income attributable to Aval's shar
Slide 20: Signature
18 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: November 20, 2020 GRUPO AVAL ACCIONES Y VALORES S.A. By: /s/ Jorge Adrián Rincón Plata Name: Jo
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