Grupo Cibest S.a. · BVC:CIBEST
Grupo Cibest — Q1 2022 Earnings Presentation
23 slides from Grupo Cibest's earnings presentation, May 11, 2022
Slide 1: Earnings Results 1Q22
Earnings Results = Bancolombia 1Q22 ~~
Slide 2: 1Q22 Overview
1Q22 Overview Financial Highlights Business Update • Loan book up 1% QoQ and 13% YoY • More than 25 million clients • Net fees down 3% QoQ and up 15% YoY • Good performance of the commercial segment • Basel III CET1 capital ratio of 10.6% and total • Nequi as a separate legal entity capital ratio of
Slide 3: Macro
Macro During 2022 economic activity remained strong, due to resilient internal demand and higher terms of trade. Meanwhile, inflation and interest rate keep increasing rapidly. Aggregate economic growth – Bancolombia Nowcast Private consumption – Bancolombia cardholders’ purchases (Dec.2019=100, SAA
Slide 4: Loans & Deposits
Loans & Deposits Commercial Consumer Mortgage Corporate SME Financial leases Credit cards Vehicle loans Payroll loans VIS Non-VIS Average $29.2 Small business loan Average $135.7 Personal loans Average $45.9 141.3 142.3 135.7 1.3 1.3 131.9 49.7 45.5 48.4 30.6 30.6 127.4 1.2 1.2 43.5 28.2 29.1 25.1 2
Slide 5: Commercial Loans - Colombia
Commercial Loans - Colombia Loan Type Index 5% 6% 3% 6% IBR 21% DTF 62% CPI LIBOR UVR 97% Fixed Floating Maturity CPI - IBR - DTF 8.53% 19% 35% 4.97% 4.50% 24% 3.86% 3.67% 4.01% 22% 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 IBR CPI DTF 0-1 yrs 1-3 yrs 3-5 yrs > 5 yrs Source: Banrep
Slide 6: Digital
Digital Sales Digital Sales vs Total Sales QR Merchants 47.7% 1,128,448 350 43.2% 42.9% 1,040,409 42.0% 300 263 262 286 32.0% 250 678,923 18.8% 553,374 22.0% 200 8.0% 12.0% 360,668 150 107 2.0% 100 50 37 -8.0% 0 -18.0% 2018 2019 2020 2021 2022 1Q20 4Q20 1Q21 4Q21 1Q22 Monthly Digital Sales Avg As a
Slide 7: Payments - Ecosystem
Payments - Ecosystem Physical Channels Contactless Payment Online Channels Payments Gateway Credit & Debit Cards Collections • • Bancolombia Garmin-Fitbit Clients Online • Apple Pay Wallet Transfers ACH QR Payments and Transfers Money Transfers QR Code Bancolombia Payment Acceptance Payments Button
Slide 8: NEQUI
NEQUI Deposits & Loans Nequi Cards 450 ,000 1,450 1,269 1,271 160.0 Users 400 ,000 COP 376,371 COP 385,862 12.0 1,250 1Q22: +11.5 Million 140.0 COP 127k/User COP 110k/User 350 ,000 10.0 1,050 127.2 120.0 100.0 300 ,000 8.0 850 106.7 8.3 8.4 57.0 80.0 NPS 250 ,000 6.0 650 516 COP 89k/User 60.0 1Q22:
Slide 9: COP 500 Tn – Our goal for 2030
ESG Businesses with purpose Climate Commitment We announce CFLI Colombia as co-chairs to accelerate climate finance flows Goal 2022: COP 102.8 Tn We launched an investment platform that will develop solar Total generation and energy efficiency projects for companies 8.6 Tn Goal: 41.1 Tn COP 500 Tn –
Slide 10: Provisions, Allowances, Asset Quality and Coverage
Provisions, Allowances, Asset Quality and Coverage Provisions Asset Quality Evolution 4.8% 4.1% 3.4% 2.9% 2.6% 1Q21 2Q21 3Q21 4Q21 1Q22 1.2% 1.0% Net Provisions Charges 0.5% 0.0% Initial PDLs 9,137 9,023 9,034 9,072 8,675 1Q22/1Q21 79% 2,435 New PDLs** 1,051 999 892 743 1,370 2,026 1,683 1,382 1,282
Slide 11: Capital
Capital Core Equity Tier I and Total Capital Evolution Capital Adequacy (1Q22) 15.0% 15.3% 15.5% 14.8% 13.5% 17.93% 11.8% 11.9% 15.20% 11.2% 11.5% 14.08% 10.6% 4.00% 13.49% 13.67% 12% 1.83% 1Q21 2Q21 3Q21 4Q21 1Q22 2.86% 11.5% 8.35% 8% 10% Core Equity Tier I Total Capital Adequacy 13.93% 13.67% 6% 1
Slide 12: Liquidity Management
Liquidity Management Liquidity and Deposits Liabilities 221 222 210,391 208,463 105.0% 210,000 104.0% 4% 1% 5% 1% 200,000 103.0% 196 102.0% 190,000 184,543 5% 1% 99.5% 101.0% 100.0% 180,000 97.6% 99.0% 95% 94% 170,000 96.9% 98.0% 94% 97.0% 160,000 96.0% 150,000 95.0% 1Q21 4Q21 1Q22 1Q21 4Q21 1Q22 De
Slide 13: Colombia and Central America Overview
Colombia and Central America Overview Loans Expenses Fees COP Trillion COP Trillion COP Trillion 165 156 85 1.80 1.25 0.70 0.62 0.50 1.57 1.70 155 80 0.45 137 1.49 0.60 0.52 0.53 145 136 75 1.60 1.05 0.48 0.40 1.50 1.38 0.50 0.35 1.34 135 70 123 0.85 61 1.40 0.30 125 65 0.40 59 1.30 115 55 60 0.50 0
Slide 14: NIM & NII
NIM & NII Net Interest Margin Net Interest Income 6.5% 3,700 6.0% 3,207 2,846 2,906 6.0% 2,825 5.5% 5.3% 3,617 5.1% 3,110 5.0% 5.0% 2,686 2,804 2,858 5.0% 139 42 48 97 83 4.5% 1Q21 2Q21 3Q21 4Q21 1Q22 1Q21 2Q21 3Q21 4Q21 1Q22 Net Loans Income Net Investments Income COP Billion Average Loan Rate Cost
Slide 15: Operating Expenses & Efficiency
Operating Expenses & Efficiency Efficiency Ratio 60.0% 5.7% 55.0% 53.6% 49.6% 49.3% 5.2% 50.0% 45.7% 4.7% 45.0% 4.1% 4.1% 4.2% 40.0% 3.9% 3.6% 35.0% 3.7% 30.0% 3.2% 1Q19 1Q20 1Q21 1Q22 Operating Expenses to Net Operating Income Operating Expenses to Interest Earning Assets Operating Expenses 2,439 2
Slide 16: Fees
Fees Evolutions of Net Fees 19.7% 19.8% 19.5% 19.1% 17.2% 947 919 880 799 807 1Q21 2Q21 3Q21 4Q21 1Q22 Net Fees Fee Income Ratio COP Billion Credit/Debit Cards Bancassurance Trust/Inv. B/Brokerage services Payments/Collections Banking Services 1Q22/1Q21 26% 1Q22/1Q21 15% 1Q22/1Q21 4% 1Q22/1Q21 21% 1
Slide 17: Profitability
Profitability ROE & ROA 25.0% 21.7% 4.5% 20.0% 3.5% 15.0% 13.5% 2.5% 10.0% 8.0% 4.9% 2.4% 1.5% 5.0% 1.5% 0.5% 0.0% 0.9% 0.5% -5.0% -0.5% 1Q19 1Q20 1Q21 1Q22 ROE ROA Net Income 1,731,858 833,328 542,516 335,884 1Q19 1Q20 1Q21 1Q22 COP Millions
Slide 18: Earnings Results 1Q22
Earnings Results = Bancolombia 1Q22 ~~
Slide 19: Colombia and Central America Overview
Colombia and Central America Overview 1Q21 4Q21 1Q22 1Q21 4Q21 1Q22 ▪ Net Income 351 2,556 1,704 ▪ Net Income 98 -59 92 ▪ NIM 5.59% 5.87% 6.87% ▪ NIM 3.31% 3.43% 3.25% ▪ Net Fees Growth 1.78% 17.08% 17.64% ▪ Net Fees Growth -18.57% 2.79% 25.31% ▪ ROAE 8.94% 42.26% 20.96% ▪ ROAE 10.40% -5.55% 8.64% ▪
Slide 20: Stages
Stages Loan Breakdown by Stages 8.4% 7.8% 7.8% 7.2% 6.7% 10.6% 10.4% 8.7% 8.8% 7.5% Balance Stage 2 and 3 - Coverage 81.0% 81.8% 83.5% 84.0% 85.8% 48.1% 43.0 45.6% 45.4% 45.0% 50.0% 38.0 39.3% 1Q21 2Q21 3Q21 4Q21 1Q22 33.0 40.0% Stage 1 Stage 2 Stage 3 28.0 30.0% 23.0 37.5 37.1 34.7 35.2 20.0% 18.0
Slide 21: Assets and Loans Breakdown
Assets and Loans Breakdown Total Gross Loans Total Assets 220 TN 222 TN 197 TN 13.9% 13.7% 13.8% 22.3% 1Q22/1Q21 ∆ 12.9% 22.0% 21.6% 1Q22/4Q21 ∆ 1.0% Other 14% 64.0% 63.5% 63.3% Financial Assets Investment 9% 1Q21 4Q21 1Q22 Commercial Consumer Mortgage Loans 76% Total Gross Loans by Currency 143 148
Slide 22: Disclaimer
Disclaimer This report corresponds to the interim unaudited consolidated financial statements of BANCOLOMBIA S.A. and its subsidiaries (“BANCOLOMBIA” or “The Bank”) which Bancolombia controls, amongst others, by owning directly or indirectly, more than 50% of the voting capital stock. These financia
Slide 23: Earnings Results 1Q22
Earnings Results = Bancolombia 1Q22 ~~