Grupo Aval Acciones Y Valores Sa · BVC:GRUPOAVAL
Grupo Aval Acciones Y Valores Sa — Q1 2022 Earnings Presentation
18 slides from Grupo Aval Acciones Y Valores Sa's earnings presentation, May 20, 2022
Slide 1: Report of 1Q2022 consolidated results
Grupo VAL el Report of 1Q2022 consolidated results Information reported in Ps billions and under IFRS (1) We refer tobilions as thousands of milions.
Slide 2: Debt service coverage and leverage ratios
∆ Debt service coverage and leverage ratios 1Q21 4Q21 1Q22 1Q22 vs. 4Q21 1Q22 vs. 1Q21 Cash and cash equivalents 1,827.8 Fixed income investments 296.8 Callable Senior loans to subsidiaries 972.8 Total liquid assets 3,097.5 As of March 31st, 2022 our combined double leverage (calculated as investmen
Slide 3: 1Q22 Consolidated Earnings Results IFRS
1 1Q22 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 (“SEC”) . 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 ins
Slide 5: Consolidated key results for the quarter
3 Consolidated key results for the quarter Gross loans e xcludes interbank and overnight funds . PDLs 90 + defined as loans more than 90 days past due . Cost of Risk c alculated as Impairment loss on loans and other accounts receivable net of recoveries of charged - off assets divided by average gro
Slide 6: Macroeconomic context - Colombia
4 -17% -7% 3% 13% Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Real GDP growth Inflation Colombian Central Bank's Interest rate 6.00% 9.23% 8.15% 5.62% 0% 2% 4% 6% 8% 10% Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 12-Month inflation Lower target range Upper target range 9.23% Apr - 22: Dec - 21: Source: Banco de la R
Slide 7: Macroeconomic context - Colombia (unemployment, exchange rate, fiscal deficit)
5 9.3% 9.5% 10.4% 15.9% 13.8% 10.6% 10.8% 11.2% 18.4% 15.2% 2017 2018 2019 2020 2021 LTM average national unemployment LTM average urban unemployment 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 End of Period 2,984.0 2,780.5 2,930.8 2,972.2 3,249.8 3,174.
Slide 8: Assets breakdown
6 Net loans and leases Fixed income investments Unconsolidated equity investments Other Assets Assets breakdown (%) Total assets (1) Pro - forma Total assets, net loans and leases, fixed income investments, unconsolidated equity investments and other assets for 1 Q21 and 4Q21 are calculated based on
Slide 9: Gross loans and their breakdown
7 (1) Pro - forma Gross Loans and their breakdown for 1Q21 and 4Q21 are calculated based on the reported consolidated figures excluding BHI’s contribution to these numbers. 145.9 154.4 158.3 Pro forma 1Q21 Pro forma 4Q21 1Q22 Y/Y% = 8.5% Q/Q% = 2.6% Loans and receivables Gross loans Gross loans brea
Slide 10: Loan portfolio quality
8 Loan portfolio quality Charge offs / Average 90+ PDLs Cost of Risk Quality Coverage Pro forma 1Q21 Pro forma 4Q21 1Q22 5.47% 4.65% 4.65% 4.13% 3.63% 3.53% 30 days PDLs / Gross loans 90 days PDLs / Gross loans 2.58% 2.08% 2.07% 2.32% 1.70% 1.73% Impairment loss / Average gross loans Impairment loss
Slide 11: Loan portfolio quality: days past due formation
9 Loan portfolio quality 30 days past due formation 90 days past due formation (1) (2) 30 days past due loans 90 days past due loans Loans and coverage by Stages (%) Pro - forma PDLs, charge - offs, gross loans, allowances and breakdown by stages and type for 1Q21 and 4Q21 are calculated based on th
Slide 12: Funding and deposits breakdown
10 145.9 148.1 152.7 Pro forma 1Q21 Pro forma 4Q21 1Q22 Y/Y% = 4.7% Q/Q% = 3.1% = 1.05x 1.00x 0.99x Funding breakdown (%) Pro forma 1Q21 Pro forma 4Q21 1Q22 Deposits 72.7% 70.1% 70.9% Banks and others 8.5% 10.1% 9.8% Bonds issued 14.4% 14.9% 14.1% Interbank borrowings 4.4% 4.9% 5.2% Funding (1) Pro
Slide 13: Equity and capital adequacy
11 1Q21 4Q21 1Q22 1Q21 4Q21 1Q22 1Q21 4Q21 1Q22 1Q21 4Q21 1Q22 Core Equity Tier 1 9.1 10.2 10.4 11.4 11.1 10.0 11.6 13.5 12.4 12.6 12.3 10.8 AT1 1.2 1.3 - - - - - - - - - - Primary capital (Tier 1) 10.4 11.5 10.4 11.4 11.1 10.0 11.6 13.5 12.4 12.6 12.3 10.8 Solvency Ratio 12.8 13.5 13.0 13.4 12.3 11
Slide 14: Net Interest Margin
12 NIM – Net Interest Margin Net Interest Margin (3) Loans Interest Margin (4) Net Investments Margin (5) Net Interest Income (3) (Trillions) Pro - forma Net Interest for 1Q21 and 4Q21 are calculated based on the reported consolidated figures excluding BHI’s contribution to these numbers. (1) Pro -
Slide 15: Fees, other operating income and discontinued operations
13 Fees, other operating income and discontinued operations Gross fee income Other operating income Non - financial sector (1) (1) Net income from sales of goods and services (2) Reflects net NFS from Nexa BPO, Megalinea and Aportes en L ínea call - centers and other subsidiaries (2) (1) Pro - forma
Slide 16: Efficiency ratios
14 Efficiency ratios Cost to income (1) Cost to assets (2) 2.7% 3.1% 2.6% Pro forma 1Q21 Pro forma 4Q21 Pro forma 1Q22 39.0% 51.2% 30.9% Pro forma 1Q21 Pro forma 4Q21 1Q22 Pro - forma total other expenses, net interest income, net income from commissions and fees, net income from sales of goods and
Slide 17: Profitability as reported
15 Profitability as reported Figures in Ps. Billions Net income attributable to controlling interest ROAA reported (1) ROAE reported (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 Inco
Slide 18: Signature
16 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: May 20, 2022 GRUPO AVAL ACCIONES Y VALORES S.A. By: /s/ Jorge Adrián Rincón Plata Name: Jorge A
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