Banco Davivienda SA · BVC:PFDAVVNDA
Banco Davivienda SA — Q2 2025 Earnings Presentation
25 slides from Banco Davivienda SA's earnings presentation, Aug 1, 2025
Slide 1: Banco Davivienda Consolidated Financial Results 2Q25
Banco Davivienda Consolidated Financial Results 2Q25
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
Slide 3: Macroeconomic Fundamentals Colombia
Macroeconomic Fundamentals Colombia Economic Activity Index (Y/Y) Monetary Policy Rate, Inflation and Funding Rate Quarterly Average Jun. 24 Mar. 25 Jun. 25 360 Days CDs 10.64% 9.92% 9.53% Mar. 25 MPR 11.75% 9.50% 9.25% Jun. 24 Jun. 25 Annual Inflation 7.18% 5.09% 4.82% 1.9% 2.4% 2.0%* 1.8% 0.5% 1.8
Slide 4: Financial System Colombia
Financial System Colombia Loan Portfolio Interest Rates on Loans Apr. 23 (Annual Growth) Jun. 24 Jun. 25 (4-week moving average) 47.1% Jun. 24 Jun. 25 29.1% Cap Rate1 25.6%* 11.0% Mortgage 9.9%* 17.2% Consumer 19.1%* 9.4% 13.2% Total 14.9%* Commercial 5.2%* 6.1% Total 4.8%* 10.6% Commercial 12.2%* 8
Slide 5: Macroeconomic Fundamentals CAM
Macroeconomic Fundamentals CAM Quarterly Gross Domestic Product (Y/Y) Annual Inflation (Y/Y) 10.6% Jun. 24 Jun. 25 Honduras Honduras 4.7%* 5.3%* Costa Rica 4.2% Panamá -0.2%* 2.0% El Salvador 4.2% 5.2%* 0.4% -0.2%* 3.3% Costa Rica 4.0%* 0.2% Panama 1.8% El Salvador -0.4%* 2.3%* Dec-22 Mar-23 Jun-23
Slide 6: 2Q25 Main Results: Continued Positive Trends
2Q25 Main Results: Continued Positive Trends Margins and Provisions Successfully issued TierII Bonds $145.1 Gross Loans Tn Q/Q: 1.0% Y/Y: 3.9% Investors 500M of 3x 3M NIM FX&D USD 24 Oversubscribed 5.83% Countries Q/Q: 15 bps Y/Y: -8 bps Rate: 8.125% 3M Cost of Risk Term: 10NC5 2.71% 1 Q/Q: 30 bps Y
Slide 7: DaviPlata, supporting customer acquisition, low-cost funding and income generation
DaviPlata, supporting customer acquisition, low-cost funding and income generation… Clients, Deposits and Credits Income 90% 125% (COP Billion) 6% Q/Q Y/Y Y/Y 16% 8% 5% 18% Q/Q Y/Y Q/Q Y/Y 1% 5% Q/Q Y/Y 1H24 1H25 Total Clients (M) Deposits1 (COP Bn) Loans2 (COP Bn) Transactional Funding Loan Subsidy
Slide 8: Balance Sheet - Assets
Activo Balance Sheet - Assets By Operation1 Q/Q Y/Y Cash -10.1% -1.4% Assets Q/Q Y/Y Net Investments -2.1% 8.4% Colombia 0.7% 3.6% Gross Loans 1.0% 3.9% COP -2.6% 2.9% CAM Loan Loss Reserves 1.7% -5.8% USD 0.3% 4.9% Others 5.7% -9.4% Assets -0.2% 3.4% Figures in COP Trillion The closing rate COP/USD
Slide 9: Balance Sheet - Gross Loans
Balance Sheet - Gross Loans Growth by Operation (Y/Y)1 Growth by Segment (Y/Y) Gross Loans Mix Ex. FX Impact* 139.6 140.8 145.5 143.6 145.1 Q/Q Y/Y Q/Q Y/Y Commercial 1.5% 6.2% 2.7% 6.7% Consumer -0.8% -5.5% 0.4% -4.7% Mortgage 1.8% 8.6% 2.5% 8.9% Gross Loans 1.0% 3.9% 2.1% 4.5% Figures in COP Trill
Slide 10: Credit Risk Management - PDL & Coverage
Credit Risk Management - PDL & Coverage 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
Slide 11: Credit Risk Management - Consumer Portfolio
Credit Risk Management - Consumer Portfolio Disbursements Loan Mix (%) (Trillion COP) 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 Consumer Ex. Credit Card Credit Card Unsecured Personal Loans Payroll Credit Card Vehicle Revolving Loans Dec. 20 Portfolio Vintages Net Pr
Slide 12: Credit Risk Management - Provision Expenses and Loans by Stages
Credit Risk Management - Provision Expenses and Loans by Stages CoR1 & Provision Expenses2 2Q25 Accumulated $ Q/Q $ Y/Y Provision Expenses 982 13.6% 1,846 -43.0% Accumulated Loans by Stages Coverage by Stages The average rate COP/USD depreciated 0.1% Q/Q and 6.9% Y/Y. 1. Cost of Risk = Provision Exp
Slide 13: Balance Sheet - Funding Sources and Liquidity
Balance Sheet - Funding Sources and Liquidity 1 Funding Sources ($) Q/Q Y/Y Funding Ratios -0.9% 5.2% -6.2% -0.8% -3.4% -17.4% 2.2% 11.4% -2.5% 4.6% 1 Funding Mix (%)2 Liquidity Ratios -77 bps -85 bps -20 bps -168 bps 165 bps 262 bps -229 bps -369 bps 162 bps 361 bps 3 4 5 Figures in COP Trillion. T
Slide 14: Balance Sheet - Capital Structure
Balance Sheet - Capital Structure Capital Adequacy Ratios 1 Equity & RWAs2 Leverage Ratio 2Q25 Q/Q Y/Y Accounting Equity 16.4 1.6% 6.0% Common Equity Tier 1 14.5 1.5% 8.0% Additional Tier 1 2.0 -4.5% -1.8% Total Technical Capital 19.9 -0.7% 4.1% RWAs 127.7 -0.4% -4.0% Credit Risk 112.3 1.2% 0.9% Mar
Slide 15: P&L - Financial Margin
P&L - Financial Margin 2Q25 Accumulated $ Q/Q $ Y/Y Gross Financial Margin + FX & Derivatives Loan Income 4,303 -0.9% 8,647 -6.3% Investment and Interbank Income 579 6.4% 1,123 -0.3% Financial Income 4,882 -0.1% 9,770 -5.6% Financial Expenses 2,563 -2.1% 5,181 -12.8% Gross Financial Margin 2,319 2.2
Slide 16: P&L - Non Financial Income & Operating Expenses
P&L - Non Financial Income & Operating Expenses 2Q25 Accumulated 2Q25 Accumulated $ Q/Q $ Y/Y $ Q/Q $ Y/Y Fee Income1 534 2.4% 1,056 9.4% Personnel Expenses 662 -1.3% 1,333 6.1% Other Net Income & Expenses 63 -36.1% 162 -35.5% Operating Expenses and Others 932 -1.0% 1,873 6.5% Non Financial Income 5
Slide 17: P&L - Net Profit
P&L - Net Profit 2Q25 Accumulated Net Profit2 $ Q/Q $ Y/Y Gross Financial Margin 2,319 2.2% 4,589 4.0% Provision Expenses 982 13.6% 1,846 -43.0% Net Financial Margin 1,337 -4.9% 2,743 134.3% FX Changes, Derivatives 100 49.4% 167 62.1% Non Financial Income1 597 -3.7% 1,218 0.1% Operating Expenses 1,5
Slide 18: 2025 Expectations
2025 Expectations 1Q25 2025 E 2Q25 2025 E (Previous / May. 25) (New / Aug. 25) Growth 5.9% Δ Y/Y 6% - 8% Δ Y/Y 3.9% Δ Y/Y 6% - 8% Δ Y/Y Loan Portfolio PDL > 90 4.42% 3.5% - 4.0% 4.46% 3.5% - 4.0% NIM 5.65% 5.6% - 5.8% 5.63% 5.6% - 5.8% Cost of Risk 3.00% 2.4% - 2.6% 2.62% 2.4% - 2.6% Profitability N
Slide 19: Davivienda Group: The structure to advance towards our long-term vision
Davivienda Group: The structure to advance towards our long-term vision Our Current Structure* Structure* with the incorporation of Davivienda Group Common Preferred Common Preferred Shareholders Shareholders Shareholders Shareholders Davivienda Group Banco Davivienda Banco Davivienda Holding Fiduci
Slide 20: Davivienda Group: The structure to advance towards our long-term vision
Davivienda Group: The structure to advance towards our long-term vision Post-Integration Structure* Benefits Common Preferred BNS Shareholders BNS Shareholders Allows us to anticipate the BNS integration. Davivienda Group Allows us to plan future steps of the integration, Scotiabank Banco while adop
Slide 21: Investor Relations
Investor Relations ir.davivienda.com ir@davivienda.com + 57 (601) 220 3495 Bogotá - Colombia
Slide 22: Appendix
Appendix B DNAVIVIENDN
Slide 23: Advancing in our quest of making the world a more prosperous, inclusive and green place
Advancing in our quest of making the world a more prosperous, inclusive and green place Sustainable Loan Portfolio1 With our sustainable finances, we contribute to progress and (COP Trillion) competitiveness We are actively driving the transition to a low-carbon, resilient economy. 7% 45% Q/Q Y/Y 0.
Slide 24: With a clear progress in the Digital Transformation of our Bank
With a clear progress in the Digital Transformation of our Bank… Digital Products Portfolio2 Transactions by Channel (COP Trillion) (% of monetary transactions) 16% 73% Q/Q Y/Y 1 Digital Clients 6% 11% Q/Q Y/Y 93.6% 7% 23% Q/Q Y/Y Transactions by Channel (% of monetary transactions) Digital Clients1
Slide 25: DaviPlata - Additional Information
DaviPlata - Additional Information Cross-Selling Results CAC DaviPlata / Davivienda (12 Months) 9.3% 12.5% Q/Q Y/Y 1% 33% Q/Q Y/Y 0.4% -1.8% 1% 24% Q/Q Y/Y Q/Q Y/Y 1 Active Users Customer Satisfaction (30 Days) 120pp Y/Y -100pp -200pp Q/Q Y/Y 1. CAC in USD estimated with the average exchange rate. 2