Grupo Cibest S.a. · BVC:CIBEST
Grupo Cibest — Q4 2021 Earnings Presentation
27 slides from Grupo Cibest's earnings presentation, Feb 23, 2022
Slide 1: Earnings Results 4Q21
Earnings Results = Bancolombia 4Q21 ~~
Slide 2: Overview 2021
Overview 2021 Financial Highlights Business Update • Loan book up 4.8% QoQ and 15.1% YoY • Proposal of a structural change in the dividend policy • Net fees up 7.6% QoQ and 13.1% YoY • Nequi as a separate legal entity • Basel III CET1 capital ratio of 11.9% and total • We continue to grow in our Eco
Slide 3: Macro
Macro Economic activity, driven by private consumption, closed 2021 at a remarkable pace. Meanwhile, inflation and interest rate hikes have accelerated Aggregate economic growth – Bancolombia Nowcast Private consumption – Bancolombia cardholders’ purchases (Dec.2019=100, SAAR % ) (Dec.2019=100, SAAR
Slide 4: COVID-19
COVID-19 COP 2.1 trillion distributed in “Ingreso Launch of “TrabajoB”, a hybrid work 64,000 clients, totaling Solidario” to 880,539 people. model. COP 630 billion. COP 772 billion in “PAEF” to 44,625 54% of administrative personnel Between Sep-Dec 2021. companies, protecting 1.9 million jobs. retur
Slide 5: ESG
ESG 2020 2021 Businesses with purpose Nequi & Bancolombia A La Mano Decarbonization-Climate Change COP 36.9 Technological Adoption Trillion in 2021 Sustainable Mobility Gender Equality 2020: COP 24.8 Trillion Agro-Industry 2022 goal: COP 41.1 Trillion COP 0.2 Tn COP 0.2 Tn COP 0.2 Tn COP 2.0 Tn COP
Slide 6: Loans – Deposits
Loans – Deposits Commercial Consumer Mortgage Corporate SME Financial leases Credit cards Vehicle loans Payroll loans VIS Non-VIS Average $24.8 Small business loan Average $123.1 Personal loans Average $37.8 141.3 1.3 48.4 119.0 118.6 124.4 30.6 25.1 112.3 1.3 1.2 39.7 41.1 1.1 1.2 24.5 15.0 26.0 23
Slide 7: Digital
Digital Sales Digital Sales vs Total Sales Banking Sales by Channel 47.7% 43.2% 350 50. 0% 366 352 381 300 263 262 40. 0% 307 250 257 268 30. 0% 200 18.8% 20. 0% 261 272 150 8.0% 244 251 100 3.0% 3.3% 107 10. 0% 50 37 0.0 % 132 11 13 0 -10.0% 83 2016 2017 2018 2019 2020 2021 1H19 2H19 1H20 2H20 1H21
Slide 8: Payments – Colombia
Payments – Colombia Credit Cards Debit Cards 350 22.2 22.1 25.0 1,200 119.2 120.4 140.0 104.4 120.0 300 16.7 20.0 1,000 100.0 250 15.0 80.0 800 60.0 200 10.0 600 40.0 150 2.6 2.3 2.5 5.0 10.3 11.1 12.3 20.0 400 100 - - 319 329 251 200 734 806 1,022 -20.0 50 -5.0 -40.0 - -10.0 - -60.0 2019 2020 2021
Slide 9: NEQUI
NEQUI Deposits & Loans Daily Active Users Nequi Cards 1,450 1,269 90.0 400,000 COP 376,371 1,250 9.0 COP 127k/User 4Q21 179,359 350,000 70.0 869,870 COP 301,546 8.0 1,050 57.0 300,000 8.3 862 7.0 850 50.0 3Q21 134,602 250,000 6.9 6.0 COP 101k/User 668,916 5.0 200,000 650 COP 142,007 4.0 444 39.0 30.
Slide 10: Credit Reliefs
Credit Reliefs 2019 2020 2021 2019 2020 2021 2019 2020 2021 2019 2020 2021 2019 2020 2021 Credit Reliefs - 15% 1.9% - 12% 1% - 45% 8% - 8% 0% - 0% 0% Provisions 3,411 7,526 2,421 2,567 5,890 2,123 124 908 323 83 367 -4 102 297 -36 (COP Billion) Loan Quality (90d) 2.94% 3.81% 2.92% 3.26% 4.32% 3.38%
Slide 11: Credit Reliefs
Credit Reliefs Provisions Breakdown 7,526 1,001 284 229 2,431 3,843 3,411 918 2,421 92 855 645 171 2,093 582 247 375 236 1,946 1,570 1,995 1,488 242 1,149 -1,364 2018 2019 2020 2021 Parameters Update COVID-19 Consumer Deterioration SME Deterioration Corporate Deterioration Specific Provisions COP Bi
Slide 12: Provisions, Allowances, Asset Quality and Coverage
Provisions, Allowances, Asset Quality and Coverage Provisions Asset Quality Evolution 2.3% 3.9% 9,000 1.9% 1.2% 3.0% 8,000 1.0% 7,000 -1.0% 4Q20 1Q21 2Q21 3Q21 4Q21 6,000 -3.0% Net Provisions Charges Initial PDLs 8,943 9,137 9,023 9,034 9,072 7,526 -5.0% 5,000 -7.0% 4Q21/4Q20 100% 4,000 -9.0% 4Q21/3
Slide 13: Liquidity Management
Liquidity Management Liquidity and Deposits Liabilities 215,000 102.1% 210,391 104.0% 221 210,000 1% 102.0% 205 4% 205,000 200,000 100.0% 195 4% 195,000 97.2% 2% 4% 96.7% 189,645 98.0% 6% 190,000 96.0% 185,000 180,821 95% 180,000 94.0% 92% 175,000 93% 92.0% 170,000 165,000 90.0% 4Q20 3Q21 4Q21 4Q20
Slide 14: Colombia and Central America Overview
Colombia and Central America Overview Loans Expenses Fees 160 COP Trillion 151 75 COP Trillion 6.16 3.50 COP Trillion 2.40 2.32 0.69 150 70 6.00 140 136 5.65 3.00 2.20 130 61 65 1.98 1.98 0.64 5.40 130 121 5.50 2.00 1.84 120 60 5.13 2.50 0.59 2.00 0.55 1.80 0.54 0.54 51 55 5.00 110 48 1.75 2.00 1.60
Slide 15: NIM & NII
NIM & NII Net Interest Margin 5.8% 5.7% 5.1% 4.9% 2018 2019 2020 2021 Net Interest Income 11,784 11,201 10,826 10,446 10,799 10,898 11,459 10,268 178 402 325 -72 2018 2019 2020 2021 Net Loans Income Net Investments Income COP Billion
Slide 16: Operating Expenses & Efficiency
Operating Expenses & Efficiency Operating Expenses Variation (2021 vs 2020) Other Administrative and General Expenses 119 Δ 2.9% 9,163 Total Operating Expenses Total Operating Expenses 7,995 2021/2020 ∆ 14.6% Technology Modernization 122 Δ 38.9% 5,381 Administrative Expenses 4,950 Administrative Exp
Slide 17: Fees
Fees Evolutions of Net Fees 3,900 20.0% 19.5% 3,700 19.5% 19.2% 3,500 19.0% 18.7% 3,300 18.6% 3,100 18.5% 2,900 3,433 18.0% 2,700 3,026 3,037 2,781 2,500 17.5% 2018 2019 2020 2021 Net Fees Fee Income Ratio COP Billion Credit/Debit Cards Bancassurance Trust/Inv. B/Brokerage services Payments/Collecti
Slide 18: Profitability
Profitability ROE & ROA 14.0% 12.1% 11.5% 1.0% 1.3% 1.3% 1.5% 0.1% 2018 2019 2020 2021 ROE ROA Net Income 4,086,795 3,117,351 2,658,864 275,994 2018 2019 2020 2021 COP Millions
Slide 19: Capital
Capital Core Equity Tier I and Total Capital Evolution Capital Adequacy 15.5% 21.01% 14.7% 14.2% 4.83% 13.5% 15.49% 15.78% 15.69% 12.8% 14.33% 3.56% 12% 1.88% 11.5% 8.52% 11.9% 8% 10% 11.2% 16.18% 15.78% 11.92% 12.45% 10.2% 10.1% 9.6% 6% 7.17% 4.5% 5% 2017 2018 2019 2020 2021 Consolidated Bancolombi
Slide 20: Earnings Results 4Q21
Earnings Results = Bancolombia 4Q21 ~~
Slide 21: Ecosystems
Ecosystems Tu360 – Disbursements QR Bancolombia 2,000 2.9 +16.9 Million Clients 2.2 +11.5 Million Visits 38,000 47,000 0.6 - 0.1 2018 2019 2020 2021 Tu360 Real Estate Tu360 Mobility Tu360 Businesses Launching: Nov/2020 Launching: Nov/2020 Launching: Jul/2021 Transaction Volume Aggregate COP Millions
Slide 22: Credit Reliefs
Credit Reliefs Evolution of the credit reliefs on a consolidated basis 15% Credit Reliefs over total loans 7% 10% 7% 6% 6% 5% 8% 1.9% 5% 4% 2% 1% 1.5% 0.4% 4Q20 1Q21 2Q21 3Q21 4Q21 Loans Under Relief Solutions Evolution of the credit reliefs by geography Colombia Panama El Salvador Guatemala 12% 35%
Slide 23: Colombia and Central America Overview
Colombia and Central America Overview 2019 2020 2021 2019 2020 2021 ▪ Net Income 2,273 276 4,125 ▪ Net Income 222 -173 202 ▪ NIM 6.20% 5.36% 5.59% ▪ NIM 3.74% 3.27% 3.35% ▪ Net Fees Growth 7.56% 0.37% 17.08% ▪ Net Fees Growth -2.81% 3.86% 2.79% ▪ ROAE 12.09% 1.03% 22.23% ▪ ROAE 6.30% -4.33% 5.00% ▪
Slide 24: Stages
Stages Loan Breakdown by Stages 7.0% 6.9% 8.6% 7.2% 4.4% 5.5% 9.8% 8.8% Balance Stage 2 and 3 - Coverage 88.5% 87.6% 84.0% 81.6% 51.4% 48.5% 47.3% 43.0 45.0% 50.0% 38.0 2018 2019 2020 2021 33.0 40.0% 28.0 Stage 1 Stage 2 Stage 3 30.0% 23.0 18.0 35.2 35.2 20.0% 22.5 Coverage by Stages 13.0 8.0 19.9 1
Slide 25: Assets and Loans Breakdown
Assets and Loans Breakdown Total Gross Loans Total Assets 220 TN 210 TN 191 TN 13.9% 13.9% 13.6% 22.0% 4Q21/4Q20 ∆ 15.1% 21.7% 21.5% 4Q21/3Q21 ∆ 4.8% Other 11% 64.3% 63.9% 63.5% Financial Assets Investment 10% 4Q20 3Q21 4Q21 Commercial Consumer Mortgage Loans 76% Total Gross Loans by Currency 138 14
Slide 26: 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 27: Earnings Results 4Q21
Earnings Results = Bancolombia 4Q21 ~~