Grupo De Inversiones Suramericana S.a. · BVC:GRUPOSURA

Grupo De Inversiones Suramericana — Q2 2017 Earnings Presentation

32 slides from Grupo De Inversiones Suramericana's earnings presentation, 2017

  1. Slide 1: 2Q 2017 Results Presentation

    2Q - 2017 Results Presentation

  2. Slide 2: Disclaimer

    DISCLAIMER The forward-looking statements contained herein are based on Management’s current forecasts and outlook For better illustration and decision-making, figures for Suramericana, SURA Asset Management and its subsidiaries are administrative rather than accountant, and therefore may differ fro

  3. Slide 3: Agenda

    AGENDA Grupo SURA Consolidated Results Suramericana Insurance, Trends and Risk Management SURA Asset Management Pensions, Savings and Asset Management 3

  4. Slide 4: Grupo SURA Consolidated Results 2Q 2017

    Grupo SURA Consolidated Results 2Q 2017 4

  5. Slide 5: Highlights Grupo SURA 1H 2017

    HIGHLIGHTS » GRUPO SURA 1H 2017 INVESTMENT PORTFOLIO* • Total revenues of COP 9.9 trillion (+22.4%). • Exchange rate impact at the holding company level continues to affect revenues and net Other income. Grupo Argos 1% 18% Bancolombia • Negative variation of COP 236,457 million compared to 1H2016. 2

  6. Slide 6: Statement of Financial Position: Assets

    S T AT E M E N T O F F I N A N C I A L P O S I T I O N » CONSOLIDATED Assets » 71,166,208 67,817,041 dic-16 67,817,041 + 3,349,167 42,421,214 45,860,820 4.9% jun-17 71,166,208 0.0 10 , 00 0,000.0 20 , 00 0,000.0 30 , 00 0,000.0 40 , 00 0,000.0 50 , 00 0,000.0 60 , 00 0,000.0 70 , 00 0,000.0 80 , 00

  7. Slide 7: Statement of Financial Position: Liabilities and Equity

    S T AT E M E N T O F F I N A N C I A L P O S I T I O N » CONSOLIDATED Liabilities » dic-16 42,421,214 + 3,439,606 Total Shareholder’s Equity» 8.1% jun-17 45,860,820 dic-16 25,395,827 0.0 70 , 00 0,000.0 -90,439 -0.4% jun-17 Var. $MM %Change jun-17 25,305,388 Technical reserves 24,559,959 (1,429,655)

  8. Slide 8: Consolidated Financial Liabilities and Debt

    S T AT E M E N T O F F I N A N C I A L P O S I T I O N » DEBT COP 67.1% DEBT Grupo SURA’s unconsolidated Financial EXPOSURE TO Debt: COP 5.27 trillion* CURRENCIES*** USD 32.9% CONSOLIDATED FINANCIAL LIABILITIES» Preferred Dividends Repos Suramericana 1% 12% Derivatives 4% 1% dec-16 9,744,402 Banks 2

  9. Slide 9: Statement of Comprehensive Income

    S T AT E M E N T O F C O M P R E H E N S I V E I N C O M E » CONSOLIDATED Total Revenues» Total Expenses » Net Income » jun-16 8,128,544 jun-16 6,980,844 jun-16 974,570 + 1,817,153 + 2,074,271 -337,479 22.4% 29.7% -34.6% jun-17 9,945,697 jun-17 9,055,115 jun-17 637,091 0 2,00,000 4,00,000 6,00,000 8

  10. Slide 10: Net Income Variation Bridge

    S T AT E M E N T O F C O M P R E H E N S I V E I N C O M E » CONSOLIDATED Fx Impact and non- Grupo SURA and Other* recurring expenses 12,264 54,942 974,570 (44,157) Net Income excluding Fx impact and non-recurring (236,457) (8,136) (45,535) provisions (45,827) 637,091 (24,573) +11.4% Non-recurring F

  11. Slide 11: SURA Insurance, Trends and Risk Management

    SURA INSURANCE, TRENDS AND RISK MANAGEMENT SURAMERICANA S.A CONSOLIDATED RESULTS 11

  12. Slide 12: Highlights Suramericana 1H 2017

    HIGHLIGHTS» SURAMERICANA 1H 2017 % WRITTEN PREMIUMS • Satisfactory progress of operations acquired in 2016 showing top-line growth in line with El Salvador Uruguay 3% 3% Rep. Dom. business plan expectations Panamá 2% 3% • Regional reinsurance contract generates savings due to risk diversification. M

  13. Slide 13: Suramericana Consolidated Figures

    SURA INSURANCE, TRENDS AND RISK MANAGEMENT » SURAMERICANA S.A. CONSOLIDATED FIGURES Total Revenues» Total Expenses » Net Income» jun-16 4,903,699 jun-16 4,592,530 jun-16 278,932 + 1,904,912 + 1,869,539 + 12,264 38.8% 40.7% 4.4% jun-17 6,808,611 jun-17 6,462,069 jun-17 291,197 0.0 1,00,000 .0 2,00,00

  14. Slide 14: Suramericana Net Income Variation

    S T AT E M E N T O F C O M P R E H E N S I V E I N C O M E » CONSOLIDATED FIGURES SURAMERICANA S.A. Corporate Segment 13,831 23,641 42,791 (28,734) (4,474) 12,200 291,197 278,932 (29,214) Net income excluding (17,776) exchange difference at the Corporate Segment +16.3% Net Income Life Non-Life Healt

  15. Slide 15: Main Figures Segments: Life

    SURA INSURANCE, TRENDS AND RISK MANAGEMENT » MAIN FIGURES SEGMENTS Premiums Retained Claims Ratio Life » jun-17 %Var jun-17 jun-16 Life 293,395 6.2% 26.8% 25.3% Written Premiums: +14.8% Group Life 381,058 24.1% 36.6% 39.0% 268,361 Pension 329,575 10.6% 111.4% 97.4% Net Income: +14.4% Health 477,198

  16. Slide 16: Main Figures Segments: Non-Life

    SURA INSURANCE, TRENDS AND RISK MANAGEMENT » MAIN FIGURES SEGMENTS Uruguay Rep. Dom. El Salvador 4% 3% 2% Panamá 5% Other Non-Life» 30% Colombia Auto México 31% 35% 7% WRITTEN WRITTEN Written Premiums: +77.9% Brasil PREMIUMS PREMIUMS 8% BY COUNTRY BY SOLUTION Net Income: +58.8% Compliance 1,207,277

  17. Slide 17: Main Figures Segments: Health Care

    SURA INSURANCE, TRENDS AND RISK MANAGEMENT » MAIN FIGURES SEGMENTS Health Care » Rev. on Services Rendered: +22.3% Net Income: +153% 271,116 (245,336) Services rendered Claims Ratio jun-17 %Var jun-17 jun-16 EPS 1,158,757 23.2% 93.3% 93.2% IPS 225,024 24.2% Dinámica 104,853 9.6% Total 1,488,633 22.3

  18. Slide 18: SURA Asset Management Consolidated Results

    SURA ASSET MANAGEMENT CONSOLIDATED RESULTS 18

  19. Slide 19: Highlights SURA Asset Management 1H 2017

    HIGHLIGHTS» SURA ASSET MANAGEMENT 1H 2017 • Announcement of the sale in Peru of Seguros SURA and Hipotecaria SURA for USD 268 MM*. • Affects comparability of figures: classified as non-current assets and liabilities available T O TA L A U M for sale in Financial Statement and profit from discontinue

  20. Slide 20: SURA Asset Management Consolidated Figures

    SURA ASSET MANAGEMENT » CONSOLIDATED FIGURES Total Revenues » Total Expenses » Net Income » jun-16 2,550,622 jun-16 2,130,489 jun-16 295,589 + 135,761 + 147,238 -44,157 5.3% 6.9% -14.9% jun-17 2,686,383 jun-17 2,277,727 jun-17 251,432 1,000 , 00 .0 1,200 , 00 .0 1,400 , 00 .0 1,600 , 00 .0 1,800 , 0

  21. Slide 21: SURA AM Net Income Variation

    S T AT E M E N T O F C O M P R E H E N S I V E I N C O M E » CONSOLIDATED FIGURES Corporate Segment 9,656 41,469 5,250 295,589 (39,710) Net Income excluding Fx 34,519 251,432 impact and non-recurring 20,972 provisions (90,568) (20,301) (5,443) +33.6% Non-recurring Fx Impact** (+) provision Ut. Neta

  22. Slide 22: Mandatory Pension Market Figures

    M A N D AT O R Y P E N S I O N » MARKET FIGURES ASSETS UNDER MANAGEMENT FUND MEMBERSHIP (Million) 16.7% 19.2% 15.5% 39.0% 19.7% 13.6% 18.1% -2.4% 16.4% -0.2% -0.2% 4.3% 4.6% 7.7% 12.3% 13.5% 9.3% 23.9% 19.7% 8.7% 13.9% 17.26 340.9 16.02 288.8 7.37 6.34 94.2109.9 62.2 74.1 4.12 4.30 46.2 53.3 68.1 81

  23. Slide 23: Mandatory Segment Main Figures

    S E G M E N T O M A N D AT O R I O » PRINCIPALES CIFRAS COMMISSION INCOME RETURN ON ENCAJE (MANDATORY RESERVE) 1916.2% 231.4% 56.2% 254.4% 348.4% 0.1% -5.5% -6.8% 14.8% -3.1% 1962.1% 281.0% 61.7% 242.3% 376.4% 2.3% 8.7% -3.6% 10.9% 3.7% 126,702 868,777 841,589 69,006 345,034 326,219 288,546 288,743

  24. Slide 24: Voluntary Savings Market Figures

    V O L U N T A R Y S AV I N G S » MARKET FIGURES ASSETS UNDER MANAGEMENT CLIENTS (Thousands) 25.4% 26.8% 44.9% 250.3% 21.0% 27.5% 7.7% 34.5% 23.5% -4.9% 12.7% 14.7% 20.7% 20.8% 37.1% 212.3% 21.0% 23.0% 32.0 1,010 25.1 880 9.9 12.5 393 424 9.5 279 314 7.5 5.5 6.7 219 163 2.1 3.1 0.1 0.3 36 45 9 9 Chil

  25. Slide 25: Voluntary Savings Main Figures

    V O L U N T A R Y S AV I N G S » MAIN FIGURES COMMISSION INCOME NET PREMIUMS WITH SAVINGS 14.1% 5.5% 46.7% 146.4% 17.1% 23.0% 831.3% 0.0% 25.3% 16.7% 21.3% 51.8% 138.0% 25.3% 25.8% 970.6% 0.0% 28.2% 92,985 501,927 513,007 79,434 409,260 408,071 47,900 41,966 33,519 31,772 7,350 1,457 11,080 5,010 59

  26. Slide 26: Insurance Segment Main Figures

    INSURANCE SEGMENT » MAIN FIGURES TOTAL PREMIUMS ADJUSTMENTS TO RESERVES -29.3% -2.0% 26.6% -22.6% -33.1% 21.9% -23.0% -27.7% 12.7% 31.0% -18.6% -31.5% 40.1% -19.6% 839,011 649,531 0 0 632,261 446,923 -133,814-163,111 206,751 202,608 -400,727 0 0 -598,654 -563,837 Chile México Perú Total -732,467 Chi

  27. Slide 27: Appendix

    Appendix 27

  28. Slide 28: SURA Asset Management: Mandatory Segment

    SURA ASSET MANAGEMENT » MANDATORY SEGMENT Net Income: +9.6% • Net Income grows 15.7% excluding exchange rate 46,133 32,974 473,605 differences. 432,137 7,404 (30,943) (14,099) • AUM of COP 341 trillion growing 14% driven by good market performance. • Mexico where fees are based on AUM grows 13.5%. •

  29. Slide 29: SURA Asset Management: Voluntary Savings

    SURA ASSET MANAGEMENT » VOLUNTARY SAVINGS Ut. Neta MP Ut. Neta 1S2016 Chile México Perú Uruguay Protección Corporativo 1S2017 • AUM of COP 32 trillion growing 23% with good dynamism in all countries. • México, Chile and Protección stand out with growth of 21%. 12,225 • Clients reach 1.0 million (+14

  30. Slide 30: Investment Portfolio

    INVESTMENT PORTFOLIO» 28.6% Bancolombia 24.4% Sura Asset Management 12.2% Suramericana Financial Services COP 26.3 tn 16.3% Grupo Nutresa 65% 18.2% Grupo Argos 0.5% Otros Considering Suramericana and SURA Asset Management at 1x P/BV, listed companies at market value. 30

  31. Slide 31: Stock Evolution

    STOCK EVOLUTION » 115 111.40 110 105 103.39 100 102.77 95 90 85 80 75 70 30-jun-16 31-ago-16 31-oct-16 31-dic-16 28-feb-17 30-abr-17 30-jun-17 PFGRUPSURA GRUPOSURA COLCAP 30-jun-17 % Annual Var* % YTD Var* GRUPOSURA (Pesos) 39,600 3.4% 3.7% 879 International Funds with PFGRUPSURA (Pesos) 38,620 2.8%

  32. Slide 32: Investor Relations Contacts

    CEO: DAVID BOJANINI CFO: RICARDO JARAMILLO Gerente IR: JUAN CARLOS GOMEZ Especialista IR: ANDRES ZULUAGA E-mail: ir@gruposura.com.co Phone: (574) 3197039 www.gruposura.com.co 32

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