Banco De Bogota Sa · BVC:BOGOTA
Banco De Bogota Sa — Investor Presentation (October 2024)
24 slides from Banco De Bogota Sa's investor presentation, Oct 3, 2024
Slide 1: Investor Visit
Investor Visit • JP Morgan • Capital Group October 3rd, 2024 • MFS • Morgan Stanley TÍTULO The Issuers Recognition-IR granted by the Colombian Securities Exchange is not a certification about the quality of the securities listed at BVC nor the solvency of the issuer
Slide 2: Disclaimer
Disclaimer Banco de Bogotá is an issuer of securities in Colombia and, as such, it is required to comply with periodic reporting requirements and corporate governance practices. As a financial institution, the Bank is subject to inspection and surveillance from Colombia’s Superintendency of Finance.
Slide 3: Business Overview
Business Overview ✓ Banco de Bogotá is the first financial institution in Colombia, founded in 1870. ✓ We contribute to the growth and well-being of society and our stakeholders It is the main subsidiary of Grupo Aval, the leading financial group in the through the responsible management of our fina
Slide 4: Presence and Key Figures Q2-2024
Presence and Key Figures Q2-2024 9.9 million 15,990 25,460 Customers (1) Employees (1) Banking Correspondents 474 1,600 Branches (1) ATMs (2) Market Share Banco de Bogotá is a leading Panama (3) Colombia (4) institution in Colombia 12.7% Assets Assets 3.8% 12.7% Gross loans Gross loans 4.3% 12.6% De
Slide 5: Corporate Structure
Corporate Structure Panamá 46.91%(2) 34.72% New York Agency Subsidiaries Associates and and Joint Agencies Ventures Abroad 22.80% Miami Agency Universal Bank with a wide 20.00% portfolio of products and services, 100%(4) Subsidiaries with presence across Colombia in Colombia and Panama, and agencies
Slide 6: Credit Ratings
Credit Ratings International Ratings July 4th, 2024 July 2nd, 2024 Moody’s Investors Service Fitch Ratings Baa2 “The bank's ba1 BCA2 reflects its resilient earnings BB+ “The bank's ratings also consider its consistent financial Negative (1) generation, its stable access to domestic deposits -which S
Slide 7: Q2-2024 Performance Overview
Q2-2024 Performance Overview Attributable Net Income for Q2-2024 was $197.4 billion pesos leading to an annualized 5.0% ROAE. 0.6% 5.0% ROAA ROAE • ROAA remained at the levels oh the previous quarter (0.6%) and ROAE Net Interest Margin 4.5% had a slight deterioration in Q2-2024 to 5.0%. • NIM for th
Slide 8: Digital Transformation
Digital Transformation 2,502 Active Digital Clients (k) 31 Digital monetary transactions QoQ: 7% 29 60% of digital channel adoption 27 25 Million 23 Average transactions per customer increased from 3.7 to 4.0 21 19 17 15 We continue developing new and innovative solutions PSE Avanza Corporate segmen
Slide 9: Sustainability
Sustainability Government In June, we launched our first report on Responsible We defined our Net Zero 2030 -2050 decarbonization Banking Principles (PRB), reaffirming our leadership as objectives for the energy and cement sectors. one of the most sustainable banks in the country. Sustainable Busine
Slide 10: Context – Colombia Macroeconomic Overview
Context – Colombia Macroeconomic Overview 20% Monthly Activity Indicator vs. GDP 1 (YoY %) Inflation vs. Central Bank Rate (YoY %) 14% 15% GDP 2021 2022 2023 2024e* 12% (YoY %) 10.8% 7.3% 0.6% 1.5% 10% 10% 5% 8% Central bank rate 6% 0% Headline inflation 4% 2021 2022 2023 2024e* -5% 2% Inflation (Yo
Slide 11: Assets & Loan Portfolio Detail – Consolidated
Assets & Loan Portfolio Detail – Consolidated Figures in trillion COP Total Assets Breakdown Gross Loan Portfolio Structure Trade & tourism, 1.2% Oil & mining, 1.4% Government, 2.4% Others, 0.5% Equity Investments, Other $145.4 Agriculture, 3.0% (1) 7.7% Assets, 12.6% Chemical production, 3.5% $104.
Slide 12: Consolidated Funding
Consolidated Funding Figures in trillion COP Total Funding Q2-23 Q1-24 Q2-24 YoY: 8.0%; Exc. FX: 8.1% 2.4 4.7 5.2 QoQ.: 4.8%; Exc. FX: 3.1% 10.0 8.9 9.5 13.5 10.8 10.2 % Q2-24 $116.2 $119.7 $125.5 Deposits 80.2 Bank and others 8.1 Long Term Bonds 7.6 90.3 95.3 100.6 Interbank Borrowings 4.2 150.00x
Slide 13: Equity & Capital Adequacy as Reported
Equity & Capital Adequacy as Reported Figures in trillion COP Equity Composition ∆ YoY: 2.3% Tangible Capital Ratio & Equity / Assets ∆ QoQ: 3.1% 16.0 11.1% 15.6 15.6 15.8 15.5 11.5% 11.0% 0.05 0.06 0.06 0.06 0.06 10.5% 10.1% 10.0% 15.5 15.5 15.7 15.4 15.9 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 2023 2024 202
Slide 14: Consolidated NIM
Consolidated NIM Figures in billion COP Growth Rate Q2-23 Q1-24 Q2-24 YoY Exc. Fx QoQ Exc. Fx Net Interest Income 1,284.4 1,289.3 1,340.8 4.4% 5.6% 4.0% 4.0% Yields by Quarter Net Interests Margins 5.4% 13.4% 5.4% 5.0% 13.3% 12.7% 4.6% 4.5% 4.5% 8.7% 9.4% 8.4% 7.9% 8.3% 1.7% 7.6% -0.1% -0.4% Q2 Q3 Q
Slide 15: Loan Portfolio Quality – PDLs
Loan Portfolio Quality – PDLs 30-day PDL Ratio 90-day PDL Ratio 6.4% 6.5% 6.3% 4.6% 4.8% 4.6% 5.8% 6.2% 5.6% 4.0% 4.3% 5.0% 3.9% 5.0% 3.4% 4.5% 3.0% 2.3% Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 2023 2024 2023 2024 15
Slide 16: Loan Portfolio Quality
Loan Portfolio Quality Total Commercial 5.4% 5.6% 6.2% 4.8% 4.9% 6.3% 4.5% 4.0% 5.6% Q2 Q3 Q4 Q1 Q2 2023 2024 4.3% 4.6% Consumer 3.9% 8.2% 7.4% 7.8% Q2 Q3 Q4 Q1 Q2 2023 2024 3.6% 4.1% 4.1% Q2 Q3 Q4 Q1 Q2 PDL formation > 30 PDLs Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 2023 2024 Initial PDLs > 30 days 5,162 5,4
Slide 17: Vintages
Vintages Vintages: Personal loans 30-day PDLs + 3 months Vintages: Credit cards 30-day PDLs + 3 months 8.0% 13.6% 2.8% 4.0% Jan-22 Apr-22 Jul-22 Apr-23 Jan-24 Jan-23 Apr-24 Jul-23 Oct-22 Oct-23 Jan-22 Apr-22 Jan-23 Apr-24 Apr-23 Jan-24 Jul-23 Jul-22 Oct-22 Oct-23 • Figures show 30-day PDL ratios of
Slide 18: Loan Portfolio Quality – Stages & Coverage by Stage
Loan Portfolio Quality – Stages & Coverage by Stage Gross Loan % by Stages Commercial 7.4% 7.3% 7.5% 9.5% 9.2% 9.6% 2.8% 3.0% 2.8% 4.5% 5.2% 5.0% 87.7% 87.7% 87.7% 88.1% 87.5% 87.5% Q2 Q3 Q4 Q1 Q2 2023 2024 Consumer 3.7% 4.1% 4.1% 9.1% 10.4% 9.8% Q2 Q3 Q4 Q1 Q2 2023 2024 87.2% 86.1% 85.5% Coverage b
Slide 19: Loan Portfolio Quality – Allowances
Loan Portfolio Quality – Allowances 30-day Coverage Ratio 90-day Coverage Ratio Allowances / 30-day PDLs Allowances / 90-day PDLs 1.08x 1.01x 1.55x 0.99x 0.97x 1.43x 1.39x 0.90x 1.32x 0.93x 1.34x 1.23x 0.67x 0.41x 0.61x 0.31x 0.33x 0.48x Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 2023 2024 2023 2024 Allowances /
Slide 20: Loan Portfolio Quality – Cost of Risk & Charge-offs
Loan Portfolio Quality – Cost of Risk & Charge-offs Net Cost of Risk(1) 3.3% Net Cost of Risk by Segment 11.9% 12.3% 11.0% 2.5% 2.9% 10.4% 10.0% 2.3% 2.2% 2.1% 8.4% 1.1% 2.9% 0.57% 2.2% 2.1% 0.52% 1.0% 0.1% 0.9% 0.6% 0.0% -0.3% Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 2023 2024 2023 2024 Commercial Consumer Mo
Slide 21: Fees and Other Income
Fees and Other Income Figures in billion COP Fee Structure 27.6% 25.5% 27.6% ∆ YoY: 1.1% 485 488 490 31 31 28 Other ∆ QoQ: 0.5% 51 52 51 Fiduciary Activities Banking Fees 403 405 412 Total Fees Fee Income Ratio(1) Q2 Q3 Q4 Q1 Q2 2023 2024 Other Income 213.1 157.7 39.4 (2) 26.8 121.4 50.4 Gain (loss)
Slide 22: Efficiency
Efficiency Figures in billion COP Total Income (1) Total Operating Expenses 1,877.5 ∆ YoY: 2.9% / ∆ QoQ: 1.9% ∆ YoY: -2.6% / ∆ QoQ: -6.4% 1,804.8 913.9 923.3 940.7 1,758.3 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 2023 2024 2023 2024 Efficiency 50.6% 49.2% 53.5% Cost to Income Cost to Assets 2.7% 2.7% 2.6% Q2 Q
Slide 23: Profitability as Reported & for Comparable Operations
Profitability as Reported & for Comparable Operations Figures in billion COP Net Attributable Income to Shareholders 277 207 197 Q2 Q3 Q4 Q1 Q2 2023 2024 ROAE (1) ROAA (2) 7.2% 5.3% 0.8% 5.0% 0.6% 0.6% Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 2023 2024 2023 2024 1. ROAE for each period is calculated as annuali
Slide 24: Contact Information
www.bancodebogota.com Contact Information Germán Salazar – Executive Vice-president Javier Dorich Doig – Head of IR & Corporate Development investor.relations@bancodebogota.com.co Best Bank in Colombia 2023 Global Finance Great Place To Work 2023 Sustainability Yearbook 2023
Banco de Bogotá — Investor Presentation (October 2024) on 6ix