Banco Davivienda SA · BVC:PFDAVVNDA

Banco Davivienda SA — Q2 2021 Earnings Presentation

21 slides from Banco Davivienda SA's earnings presentation, August 2021

  1. Slide 1: Davivienda Consolidated Financial Results - 2Q21

    Davivienda Consolidated Financial Results - 2Q21

  2. Slide 2: Disclaimer

    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

  3. Slide 3: Macroeconomic Fundamentals Colombia

    Aspectos Macroeconómicos Macroeconomic Colombia Fundamentals Colombia Economic Activity Index (Y/Y) Davivienda’s PMI1 Source: National Administrative Department of Statistics (DANE) Source: Banco Davivienda. 1. PMI: Purchasing Managers' Index | IHS Markit Exchange Rate and Oil Prices Monetary Policy

  4. Slide 4: Macroeconomic Fundamentals CAM

    Macroeconomic Fundamentals CAM Gross Domestic Product (Y/Y) Inflation (Y/Y) Exchange Rate Monetary Policy Rate Source: Central Banks from Central America. 4

  5. Slide 5: 2Q21 Main Results

    2Q21 Main Results Recovery in Innovation and $533.5* Accum. Net Profit Profitability Levels Digital Transformation Accum. Y/Y: 54.1% SFC1 Authorization Incorporation of RappiPay Financing Company $111.0** Gross Loan Portfolio Q/Q: 2.6% Y/Y: 1.3% Minciencias2 Certification R+D+i Unit 3.90% Asset Quality

  6. Slide 6: Results of Our Sustainable Management

    Results of Our Sustainable Management Environmental Social Green Financing Social Financing COP Trillion COP Trillion - Construction - Social Housing - Renewable energy - Social Housing for - Sustainable infrastructure Women - Energy efficiency - Women SMEs Carbon footprint: -18% Y/Y Coalition for eco

  7. Slide 7: Digital Transformation Evolution

    Digital Transformation Evolution Digital Customers1 Digital Sales2 Transactions by Channels2 (% of products) (% of monetary transactions) 86% CONS 88% 50% COL CAM Digital Channels Other Channels Digital Channels Physical Channels ATM and POS Digital Deposits3 Digital Loans3 Digital Investments3 1.3x

  8. Slide 8: DaviPlata, Our Digital Native Bank

    DaviPlata, Our Digital Native Bank Outstanding Electronic Deposits Accumulated Transactional Income Customer Base ($ Billion COP) ($ Billion COP) (Million) 1.7x 1.6x Y/Y Y/Y 12.7 +500k Q/Q 12.2 3.0 2.7 4.5 4.4 5.1 5.3 Quarterly Transactions Ecards Quarterly Purchases Monetary + Non Monetary Current

  9. Slide 9: Balance Sheet - Assets

    Activo Activo Balance Sheet - Assets -1.5% 3.0% By Operation Jun. 20 Mar. 21 Jun. 21 2Q21/1Q21 2Q21/2Q20 Cash 12.0% -17.6% Net Investments -1.8% -0.2% Assets 2Q21/1Q21 2Q21/2Q20 Gross Loans 2.6% 1.3% Colombia 2.5% -1.5% Loan Loss Reserves -5.3% 12.5% 4.2% -1.7% COP Others 0.2% -5.8% International US

  10. Slide 10: Balance Sheet - Gross Loans

    Balance Sheet - Gross Loans 1.3% By Segment By Operation 2.6% Jun. 20 Mar. 21 Jun. 21 2Q21/1Q21 2Q21/2Q20 Mortgage 3.0% 11.9% Gross Loans 2Q21/1Q21 2Q21/2Q20 Consumer 0.7% 0.9% Colombia 2.3% 0.7% Commercial 3.5% -3.3% COP 3.6% 3.8% Gross Loans 2.6% 1.3% International USD¹ 1.7% 4.0% FX Effect 0.4% 0.

  11. Slide 11: Relief Evolution

    Activo Relief Evolution COL Payment Behavior Up to date: 91.0% Past due 31 - 90 days: 5.5% Past due > 90 days: 3.5% 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 % Portfolio under relief Commercial Consumer Mortgage CAM Payment Behavior Up to date: 93.3% Past due 31 - 90 days: 3.7% Past due > 90 days: 3.0% 1Q20 2Q2

  12. Slide 12: Balance Sheet - Credit Risk Management

    Balance sheet - Credit Risk Management Loans by Stages PDL1 > 90 days Portfolio 2Q20 1Q21 2Q21 Commercial 3.76% 3.68% 3.91% Consumer 0.75% 3.63% 2.90% Mortgage 4.07% 4.91% 4.96% Total 3.00% 3.98% 3.90% Mortgage2 (120) 3.81% 4.06% 4.17% Total3 (120) 2.94% 3.76% 3.70% 2Q20 1Q21 2Q21 Stage 1 Stage 2 St

  13. Slide 13: Balance Sheet - Funding Sources

    Balance Sheet - Funding Sources -0.6% 3.2% By Segment By Operation Jun. 20 Mar. 21 Jun. 21 Gross Loans / Funding 91.8% 94.2% 93.7% Sources 2Q21/1Q21 2Q21/2Q20 Demand Deposits 2.2% 8.6% Term Deposits -1.6% -8.8% Funding Sources 2Q21/1Q21 2Q21/2Q20 Bonds 17.1% 18.1% Colombia 2.4% 0.0% Credits 5.6% -24

  14. Slide 14: Balance Sheet - Capital Structure

    Balance Sheet - CapitaI Structure Capital Adequacy Ratios Total Equity2 Buffer vs Minimum requirements 3.8% 714 bps 11.50% 3.00% 1.50% 1.50% Mar.21 Jun.21 1.00% CET1 4.50% 7% Leverage Ratio New minimum Mar.21 Jun.21 BIII requirements + Buffers1 Common Equity Tier 1 (CET1) Tier 2 Additional Tier 1 (A

  15. Slide 15: P&L - Financial Margin

    P&L - Financial Margin QUARTER ACCUMULATED Jun.20 Mar.21 Jun.21 12 Months 6.30% 6.10% 6.08% 1 NIM Annualized Quarter 6.40% 5.59% 6.41% 12 Months 6.41% 6.19% 6.30% NIM Annualized FX+D2 6.10% 6.28% 6.65% Quarter 2Q20 1Q21 2Q21 Jun.20 Jun.21 2Q21 $ 2Q21/1Q21 % 2Q21/2Q20 % Jun.21 $ Jun.21/Jun.20 % 2,527

  16. Slide 16: P&L - Expenses

    P&L - Expenses QUARTER ACCUMULATED Jun.20 Mar.21 Jun.21 Cost-to- 12 Months 47.3% 46.9% 46.3% Income1 Annualized 48.7% 44.5% 46.5% Quarter 2Q20 1Q21 2Q21 Jun.20 Jun.21 2Q21 $ 2Q21/1Q21 % 2Q21/2Q20 % Jun.21 $ Jun.21/Jun.20 % 464 13.7 15.7 Personnel Expenses 873 7.1 653 8.7 2.3 Operating Expenses and O

  17. Slide 17: P&L - Net Income

    P&L - Net Income Jun.20 Mar.21 Jun.21 QUARTER ACCUMULATED 12 Months 8.57% 2.21% 4.57% ROAE1 Annualized Quarter 3.77% 3.15% 13.07% 12 Months 0.84% 0.20% 0.43% 2 ROAA Annualized Quarter 0.35% 0.30% 1.25% 2Q20 1Q21 2Q21 Jun.20 Jun.21 2Q21 $ 2Q21/1Q21 % 2Q21/2Q20 % Jun.21 $ Jun.21/Jun.20 % 1,281 100 29.

  18. Slide 18: Expectations 2021

    Expectations 2021 2021 2021 (May 2021) (August 2021) Growth Δ 5% - 7% Δ 5% - 7% Loan Portfolio PDLs* > 4% ~ 4% NIM ~ 6% ~ 6% Cost of Risk 3.3% - 3.6% 2.9% - 3.1% Profitability Operating Income -** Δ 20% - 25% Operating expenses Δ 3% - 5% Δ 4% - 6% ROAE 5% - 7% 7% - 9% *Past due loans over 90 days. **

  19. Slide 19: Visit us at ir.davivienda.com

    Investor Relations and Capital Management ir@davivienda.com + (57 1) 220 3495 www.davivienda.com Bogotá - Colombia Visit us at ir.davivienda.com

  20. Slide 20: Appendix

    Appendix 20

  21. Slide 21: Balance Sheet - Coverage Ratios

    Balance Sheet - Coverage Ratios Coverage1 Loan Loss Reserves / Gross Loans2 Portfolio 2Q20 1Q21 2Q21 Portfolio 2Q20 1Q21 2Q21 Commercial 128.2% 154.1% 143.5% Commercial 4.8% 5.7% 5.6% Consumer 821.3% 237.3% 234.7% Consumer 6.2% 8.6% 6.8% Mortgage 55.6% 38.1% 47.5% Mortgage 2.3% 1.9% 2.4% Total 154.1

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