Banco De Bogota Sa · BVC:BOGOTA
Banco De Bogota Sa — Bank of America Merrill Lynch Emerging Markets Corporate Credit Conference 2017
21 slides from Banco De Bogota Sa's conference presentation, May 31, 2017
Slide 1: Investor Presentation
Investor Presentation Bank of America Merrill Lynch Emerging Markets Corporate Credit Conference May 31th – June 2nd, 2017 The Issuers Recognition IR granted by the Colombian Stock Exchange is not a certification about the quality of the securities listed at the BVC nor the solvency of the issuer.
Slide 2: Disclaimer
Disclaimer Banco de Bogotá is an issuer of securities in Colombia. As a financial institution, the Bank, as well as its financial subsidiaries, is subject to inspection and surveillance from the Superintendency of Finance of Colombia. As an issuer of securities in Colombia, Banco de Bogotá is requir
Slide 3: Macroeconomic Context - Colombia (1/3)
Macroeconomic Context - Colombia (1/3) Quarterly GDP (YoY %) Annual GDP growth by sector (YoY %) 2014 2015 2016 2017e -15% -10% -5% 0% 5% 10% 4.6% 3.1% 2.0% 2.0% - 2.2% 8% GDP 1.1% 2.7% Agriculture 7.7% -0.1% 6% -9.4% Oil and Mining -4.6% Industry 0.3% 4% 4.3% Electricity, gas and water -0.6% 2016 2
Slide 4: Macroeconomic Context - Colombia (2/3)
Macroeconomic Context - Colombia (2/3) Core and total inflation (YoY %) Market-based inflation expectations – BEI** (%) 10% 5% Headline inflation (1) Core inflation 4 8% 4% Inflation 3.5% 6% 2014 2015 2016 2017e 5.5% 3% 3.1% 3.7% 6.8% 5.8% 4.5% 4.7% 2.5% 4% 2% 2% 1% BEI 2Y BEI 3Y BEI 5Y Inflation ta
Slide 5: Macroeconomic Context - Colombia (3/3)
Macroeconomic Context - Colombia (3/3) Current Account (% GDP, quarterly) Trade balance (USD M, % GDP, monthly) Current account 6% 2014 2015 2016 2017e 1,500 -USD726 M 4% 4% -5.2% -6.4% -4.4% -4.0% -2.8% GDP 1,000 2% 2% 2.0% 0% 500 0% -3.1% -2% -3.2% 0 -2% -4% -0.8% -1.3% -500 -4% -6% -8% -1,000 -6%
Slide 6: Macroeconomic Context – Central America
Macroeconomic Context – Central America GDP (YoY %) Inflation (YoY %) 5.8 10 6 CR PA GU NI HO ES CENAM 2016 2017e 2017e 5.0 8 5 4.7 4.3 4.5 4.0 3.9 4.0 6 4 3.6 3.4 4.0 4 3.9 3.0 3.3 3.2 3 2.4 2.3 2.4 2 1.6 2 1.5 0 0.5 1 -2 0 -4 El Salvador Guatemala Honduras Costa Rica Cenam Nicaragua Panamá Mar-14
Slide 7: Banco de Bogotá – Investment's Highlights
Banco de Bogotá – Investment's Highlights Overview Banco de Bogotá’s Structure Founded in 1870, Banco de Bogotá is Colombia’s oldest financial institution and the principal subsidiary of Grupo Aval, the leading Colombian Banking Group financial group in Colombia. Principal subsidiaries of Banco de
Slide 8: Significant player in a competitive Colombian market as of March 2017
Significant player in a competitive Colombian market as of March 2017 Total Assets Net Loans (1) System: US$ 196.7bn System: US$ 131.2bn 26.8% 24.7% 26.3% 25.4% 14.8% 13.2% 14.6% 13.3% 9.6% 10.0% Categoría 1 Categoría 1 Deposits 1/ Net Income 1Q17 System: US$ 130.0bn System: US$ 0.8bn 27.7% 22.2% 34
Slide 9: BAC is market leader in Central America at December 2016
BAC is market leader in Central America at December 2016 Total Assets 1/ Net Loans 1/ System: US$231.3 bn System: US$145.3 bn 9.7% 9.0% 8.7% 7.7% 7.1% 7.3% 6.4% 5.5% 5.0% 4.2% Bac Bancolombia Banco General BI Scotiabank Bac Bancolombia Banco General BI Scotiabank Deposits 1/ Net Income (12 months) 1
Slide 10: 2017 First Quarter Performance Highlights
2017 First Quarter Performance Highlights Attributable Net Income for the period was $213.8 million, before the wealth tax which represented a 19.8% increase versus 1Q16. Including the wealth tax the attributable net income was $193.5 billion. Key Metrics Commentary • ROAA: 1.9% / ROAE: 15.3%(1) • R
Slide 11: Consolidated Balance Sheet Structure
Consolidated Balance Sheet Structure Figures in Us. Billions Total Assets Growth excluding FX 1Q17/1Q16: 6.8% 1Q17/1Q16: 8.7% 1Q17/4Q16: 1.7% 1Q17/4Q16: 3.6% 49.0 49.9 46.7 1Q-16 4Q-16 1Q-17 Assets Breakdown 1Q-16 4Q-16 1Q-17 20.6% 20.2% 20.7% 3.3% 3.2% 3.2% 7.9% 8.5% 8.8% 67.2% 68.7% 67.5% Colombia
Slide 12: Consolidated Loan Portfolio Breakdown by Business Segment
Consolidated Loan Portfolio Breakdown by Business Segment Figures in US. Billions Gross Loan Portfolio Growth excluding FX 1Q17/1Q16: 8.3% 1Q17/1Q16: 6.5% 1Q17/4Q16: 0.9% 1Q17/4Q16: -0.8% 33.6 33.4 31.3 1Q-16 4Q-16 1Q-17 Gross Loan Portfolio Breakdown Commercial Consumer Mortgage Microcredit Growth
Slide 13: Loan Portfolio Quality (1/3) – Consolidated
Loan Portfolio Quality (1/3) – Consolidated 30 days PDLs/ Gross Loans Cost of Risk (1) 90 days PDLs / Gross Loans Provision loss (net of recoveries of charged-off assets) / Average Loans 30 days PDLs / Gross Loans 90 days PDLs / Gross Loans Provision loss / Average Loans Excluding Extraordinary (3)
Slide 14: Loan Portfolio Quality (2/3) – Colombia and Central America
Loan Portfolio Quality (2/3) – Colombia (1) and Central America 1Q-16 4Q-16 1Q-17 1Q-16 4Q-16 1Q-17 Delinquency Ratio 30 day PDLS / Gross Loans 3.0% 2.9% 4.0% 2.3% 2.3% 2.4% Excluding Extraordinary (2) 3.3% 90 day PDLS / Gross Loans 2.0% 2.2% 2.8% 1.0% 1.2% 1.1% Excluding Extraordinary (2) 2.3% Cost
Slide 15: Loan Portfolio Quality (3/3) – Consolidated
Loan Portfolio Quality (3/3) – Consolidated 30 days PDLs 90 days PDLs 1Q-16 4Q-16 1Q-17 1Q-16 4Q-16 1Q-17 Commercial 1.9% 1.8% 2.7% 1.4% 1.6% 2.1% Excluding Extraordinary (1) 2.1% 1.6% Consumer 4.4% 4.4% 4.7% 2.0% 2.1% 2.1% Mortgage 2.5% 2.5% 2.7% 1.2% 1.2% 1.2% Microcredit 12.2% 14.2% 14.6% 7.8% 9.
Slide 16: Consolidated Funding
Consolidated Funding Figures in Us. Billions Growth excluding FX Growth excluding FX Total Funding 1Q17/1Q16: 8.9% Total Deposits 1Q17/1Q16: 9.2% 1Q17/4Q16: 3.7% 1Q17/4Q16: 4.0% 1Q17/1Q16: 7.1% 1Q17/1Q16: 7.5% 1Q17/4Q16: 2.3% 1Q17/4Q16: 2.0% 41.4 42.2 32.5 33.2 39.4 30.9 1Q-16 4Q-16 1Q-17 1Q-16 4Q-1
Slide 17: Equity and Capital Adequacy
Equity and Capital Adequacy Figures in Us. Billions Attributable Equity + Minority Interest Shareholders ‘ Equity 1Q17/1Q16: 3.1% 1Q17/1Q16: 2.6% 1Q17/4Q16: -3.5% 1Q17/4Q16: -3.6% 5.6 6.0 5.8 5.3 5.7 5.5 0.3 0.3 0.3 5.3 5.7 5.5 1Q-16 4Q-16 1Q-17 1Q-16 4Q-16 1Q-17 Total Equity Shareholders' Equity No
Slide 18: Consolidated Net Interest Margin
Consolidated Net Interest Margin Quarterly Net Interest Margin Growth excluding Net Interest Income(1) (Million USD) FX Growth Rate 1Q17/1Q16: 15.2% 1Q-16 4Q-16 1Q-17 1Q17/1Q16 1Q17/4Q16 533 573 582 9.3% 1.5% 1Q17/4Q16: 3.0% Net Interest Margin on Investments (2) Net Interest Margin on Loans (3) Net
Slide 19: Fees and Other Operating Income
Fees and Other Operating Income Figures in Us. Millions Gross Fee income Growth excluding FX 1Q17/1Q16: 3.0% 1Q17/1Q16: 8.7% 1Q17/4Q16: -2.9% 1Q17/4Q16: -1.5% 339 360 350 2.8% 3.2% 2.9% Other 21.8% 18.6% 23.8% 3.5% 3.8% 3.8% Pension fees Fiduciary activites 71.9% 74.5% 69.5% Banking fees 1Q-16 4Q-16
Slide 20: Consolidated Efficiency Ratio
Consolidated Efficiency Ratio Operating Expenses/ Total Income(1) Operating Expenses/Average Assets (2) 49.8% 48.2% 47.6% 3.81% 3.92% 3.68% (4) (4) (3) 1Q-16 4Q-16 (3) 1Q-17 1Q-16 4Q-16 1Q-17 1/ Calculated as Personnel plus administrative expenses divided by net interest income plus net trading inco
Slide 21: Profitability
Profitability Figures in Us. Millions Net Income attributable to controlling interest Figures excluding wealth tax 213.8 178.4 189.8 193.5 128.2 1Q-16 4Q-16 1Q-17 ROAA (1) 1.9% 1.7% 1.7% 1.7% 1.2% 1Q-16 4Q-16 1Q-17 ROAE (2) 15.5% 15.3% 11.1% 13.6% 13.9% 1Q-16 4Q-16 1Q-17 (1) ROAA for each quarter is