Banco Davivienda SA · BVC:PFDAVVNDA
Banco Davivienda SA — Davivienda — Q2 2022 Earnings Presentation
22 slides from Banco Davivienda SA's earnings presentation, August 2022
Slide 1: Consolidated Financial Results - 2Q22
Davivienda Consolidated Financial Results - 2Q22
Slide 2: Disclaimer and forward-looking statements
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 Fundamentals Colombia Colombia Gross Domestic Product (Y/Y) Davivienda’s PMI * Year-to-date average Source: Davivienda Source: National Administrative Department of Statistics (DANE). Exchange Rate and Oil Prices Monetary Policy Rate and Inflation Source: Financ
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. *August 17th, 2022
Slide 5: 2Q22 Main Results
2Q22 Main Results Stable NIM Despite Digital, Innovation and ESG Accum. Net Profit Increasing Interest Rates Achievements $1.171 Accum. Y/Y: 119.0% RappiPay Obtained authorization to operate as a financial entity in Colombia $130.61 Gross Loan Portfolio Q/Q: 7.2% Y/Y: 17.7% Blockchain Bond BID Invest
Slide 6: Results of Our Sustainable Management
Results of Our Sustainable Management Sustainable Portfolio COP 12.4 Tn 4.0% Q/Q 13.4% Y/Y Sustainable Funding COP 7.4 Tn1 8.8% Q/Q 7.1% Y/Y Environmental Green Financing $5.2 Tn evaluated with the Environmental and Social (Trillion COP) Risk Management System (SARAS) - Sustainable construction - Re
Slide 7: Digital Transformation Evolution
Digital Transformation Evolution Digital Transactions by Sales1 Channel1 (% of products) (% of monetary transactions) Digital Loans2 Digital Deposits2 Digital Investments2 104% 19% 14% Y/Y Y/Y Y/Y 162% 51% -9% Y/Y Y/Y Y/Y Digital loans represent 22% of 66% of new deposits were the Retail Banking Por
Slide 8: DaviPlata, Our Digital Native Bank
DaviPlata, Our Digital Native Bank Customer Base (Million) +441K +2.1M Q/Q Y/Y Common with Davivienda DaviPlata as Only Product With Products in the Sector Active Rating DaviPlata’s DaviPlata / Davivienda 1Q22 2Q22 Users Android & iOS Nanocredit1 Cross-Selling Results1 (30 Days) 4.7 & 4.8 35% (Jul.
Slide 9: DaviPlata, Our Digital Native Bank
DaviPlata, Our Digital Native Bank Outstanding Low Amount Deposits Transactional Income1 (COP $ Billion) (COP $ Billion) 46% Y/Y 17% Y/Y 47% Y/Y Ecards2 Quarterly Transactions3 Quarterly Purchases4 (Million) (Million) (COP $ Trillion) 32% 10% 280% Y/Y Y/Y Y/Y 1. Quarterly Transactional Income 2. Cur
Slide 10: Balance Sheet - Assets
Activo Balance Sheet - Assets By Operation Q/Q Y/Y Assets Q/Q Y/Y Cash -10.9% 24.2% Colombia 3.3% 19.4% Net Investments 2.6% 6.9% COP 13.0% 15.8% Gross Loans 7.2% 17.7% CAM Loan Loss Reserves 3.6% -0.1% USD 2.3% 4.6% Others 16.8% 38.4% Assets 5.5% 18.8% FX Effect 2.7% 4.3% By the end of June the COP
Slide 11: Balance Sheet - Gross Loans
Balance Sheet - Gross Loans Growth by Operation (Y/Y)1 Growth by Type (Y/Y) Gross Loans Mix Q/Q Y/Y 111.0 113.6 118.8 121.9 130.6 Mortgage 5.3% 17.7% Consumer 9.2% 32.7% Commercial 6.8% 8.9% Gross Loans 7.2% 17.7% FX Effect 2.5% 3.8% By the end of June the COP depreciated 10.5% Q/Q and 10.7% Y/Y Fig
Slide 12: Balance Sheet - Credit Risk Management
Balance Sheet - Credit Risk Management Total PDL & Coverage 1 PDL by Type Coverage by Type2 1. Total >120: (Mortgage > 120 days + Commercial > 90 days + Consumer >90 days) / Gross Loans 2. Coverage: Asset Allowances / Loans > 90 days 12
Slide 13: Balance Sheet - Credit Risk Management
Balance Sheet - Credit Risk Management CoR1 - Provision Expenses 2Q22 Accumulated $ Q/Q $ Y/Y Provision 663 -5.1% 1,361 -25.8% Expenses Loans by Stages Coverage by Stages Figures in COP Billion. As of 2Q22 the average exchange rate depreciated 0.1% Q/Q and 8.0% Y/Y 1. Cost of Risk = Provision Expens
Slide 14: Balance Sheet - Structure
Activo Balance Sheet - Structure Assets Q/Q Y/Y Liabilities & Colombia 3.3% 19.4% Assets Equity COP 13.0% 15.8% Y/Y Y/Y CAM USD 2.3% 4.6% $166.4 18.8% 24.2% Liabilities Q/Q Y/Y 6.9% Colombia 3.1% 20.5% 27.8% COP 13.3% 17.2% CAM USD 2.5% 5.8% Liabilities $151.5 19.7% Y/Y 17.7% 5.1% Funding Ratios 8.8
Slide 15: Balance Sheet - Capital Structure
Balance Sheet - Capital Structure Capital Adequacy Ratios 1 Equity & RWAs2 Leverage Ratio 2Q22 Q/Q Y/Y Accounting Equity 14.9 6.8% 10.3% Common Equity Tier 1 13.5 7.4% 12.5% Additional Tier 1 2.1 8.8% 10.9% Total Technical Capital 20.0 7.1% 7.9% RWAs 122.0 8.7% 22.4% Credit Risk 108.3 10.1% 20.8% Ma
Slide 16: P&L - Financial Margin
P&L - Financial Margin 2Q22 Accumulated Gross Financial Margin $ Q/Q $ Y/Y Loan Income 3,473 13.9% 6,521 31.1% Investment and Interbank Income 90 73.8% 142 -12.0% Financial Income 3,563 14.9% 6,663 29.8% Financial Expenses 1,372 33.2% 2,401 66.0% Gross Financial Margin 2,191 5.9% 4,261 15.5% Provisi
Slide 17: P&L - Non Financial Income & Expenses
P&L - Non Financial Income & Expenses 2Q22 Accumulated 2Q22 Accumulated $ Q/Q $ Y/Y $ Q/Q $ Y/Y Fee Income1 419 3.9% 823 27.2% Personnel Expenses 486 1.4% 966 10.7% Other Net Income & Expenses 81 28.3% 143 101.2% Operating Expenses and Others 761 5.2% 1,484 18.4% Non Financial Income 500 7.1% 967 34
Slide 18: P&L - Net Profit
P&L - Net Profit 2Q22 Accumulated Net Profit2 $ Q/Q $ Y/Y Gross Financial Margin 2,191 5.9% 4,261 15.5% Provision Expenses 663 -5.1% 1,361 -25.8% Net Financial Margin 1,528 11.4% 2,900 56.5% FX Changes, Derivatives 181 101.6% 271 -5.3% Non Financial Income1 500 7.1% 967 34.6% Operating Expenses 1,247
Slide 19: Expectations 2022
Expectations 2022 2022 E 2Q22 2022 E (May. 2022) (Actual) (Aug. 2022) Growth 11% - 12% Δ Y/Y 17.7% Δ Y/Y 14% - 15% Δ Y/Y Loan Portfolio PDL* 2.9% - 3.3% 2.96% 2.9% - 3.3% NIM 6.1% - 6.4% 6.03% 6.0% - 6.3% Cost of Risk 2.1% - 2.4% 2.16% 2.1% - 2.4% Profitability Non Financial Income ~15% 34.6% 18% - 2
Slide 20: Investor Relations and Capital Management
Investor Relations and Capital Management ir@davivienda.com + (57 601) 220 3495 www.davivienda.com Bogotá - Colombia Visit us at ir.davivienda.com
Slide 21: Appendix
Appendix 21
Slide 22: Loan Portfolio - Relief Programs Evolution
Activo Loan Portfolio - Relief Programs Evolution COL Payment Behavior Up to date: 88.5% Past due 31 - 90 days: 5.7% Past due > 90 days: 5.7% % Portfolio under relief Commercial Consumer Mortgage CAM Payment Behavior Up to date: 89.1% Past due 31 - 90 days: 5.8% Past due > 90 days: 5.1% 22