Banco Davivienda SA · BVC:PFDAVVNDA
Banco Davivienda SA — 4Q14 Earnings Presentation
24 slides from Banco Davivienda SA's earnings presentation, February 2015
Slide 1: Earnings Presentation 4Q14 Consolidated Results
Earnings Presentation 4Q14 Consolidated Results
Slide 2: Disclaimer
The information presented here is exclusively for informative and illustrative purposes. It is not, nor does it pretend to be a source of legal or financial consultation regarding any issue. The financial information and projections presented are based on information and calculations carried out int
Slide 3: Content
Content Fourth Quarter Highlights Fourth Quarter 2014 Financial Results 3
Slide 4: Fourth Quarter Highlights
Fourth Quarter Highlights pa DIWMIMIENDN
Slide 5: Main Results
Fourth Quarter Highlights Main Results Net Income for 20141 totaled COP 1.06 trillion, 24.6% higher than 2013. ROAE2 for December 2014 reached 16.6%, compared to 15.1% in 4Q13. Efficiency3 ratio was 51.0%, 260 bps lower than 4Q13. Net loan portfolio increased 24.1% compared to December 2013. NPLs4 u
Slide 6: Consumer Loans
Fourth Quarter Highlights Consumer Loans Consumer loans portfolio grew COP 2.4 trillion, 21.3% higher than December 2013. Payroll disbursements1 were COP 279.3 billion in 4Q14, 54.7% higher than 4Q13. Credit cards usage2 in 4Q14, totaled COP 204.1 billion, 11.6% higher than 4Q13. Mortgage loans port
Slide 7: Commercial Loans
Fourth Quarter Highlights Commercial Loans Commercial loans portfolio increased by 26.2%, COP 5.5 totaling trillion more than in 2013. Colombian corporate loans segment had a growth of 21.2% during 2014. Construction loan portfolio balance grew 27.5% compared to 4Q13. In 2014, disbursements for airp
Slide 8: Results of International Subsidiaries
Fourth Quarter Highlights Results of International Subsidiaries We consolidated our presence and our market share in Central America1. Net income was US$ 68 million2. The return on equity was 9.3%. (USD thousand) Assets Gross Loan Portfolio 11.1% 17.7% 6,094.1 4,236.1 5,487.6 3,598.4 1.Central Ameri
Slide 9: Wealth Management
Fourth Quarter Highlights Wealth Management The wealth management division has more than COP 27.7 trillion in assets under management and over 327 thousand customers. On last January 2nd Davivienda Corredores was launched. Davivienda Corredores has COP 10.9 trillion in assets under management and a
Slide 10: DaviPlata
Fourth Quarter Highlights DaviPlata DaviPlata has more than 2.2 million customers as of December 2014. 6,300 banking correspondents in more than 932 municipalities in Monetary Transactions (1) Colombia. 50 Davivienda was selected for 42 subsidies payment to Colombian conflict victims. These subsidie
Slide 11: Davivienda's sustainability strategy
Fourth Quarter Highlights Davivienda’s sustainability strategy Working in a sustainable manner means innovating and assuming our responsibility with business consolidation, as well as with preservation of natural resources and with people progress. Our Sustainability Strategy • Human talent • Financ
Slide 12: Contribution to our Stakeholders
Fourth Quarter Highlights Contribution to our Stakeholders Fourth Financial Statement (COP billion) 32% Empleados Employees Income 6.926,8 1% Community and the Environment Financial 5,162.0 Operating 1,746.7 2014 WEALTH 29% Expenses 1,973.4 DISTRIBUTION Suppliers Financial 1,086.9 8% Financiers Fina
Slide 13: Other Highlights
Fourth Quarter Highlights Other Highlights In November, we participated at the XIV International Auto Show, where loans were pre-approved for a total value of over COP 430 billion for family vehicles and more than COP 95 billion for commercial vehicles. Senior bonds were issued for a face value of C
Slide 14: Fourth Quarter 2014 Financial Results
Fourth Quarter 2014 Financial Results
Slide 15: Assets
Consolidated Assets (COP trillion) Consolidated Q/Q (%) Y/Y (%) Cash 2.4 15.4 Investments, net 11.6 3.0 Loans, net 8.5 24.1 Other assets 5.3 14.2 Assets 8.1 19.7 ROAA(1) 1.65% 1.75% 1.76% Assets(2) Dec. 13 Sep. 14 Dec. 14 Q/Q (%) Y/Y (%) Colombia 46.6 51.4 54.3 5.5 16.5 International 11.1 12.4 14.9
Slide 16: Gross Loans
Consolidated Gross Loans (COP trillion) Consolidated Q/Q (%) Y/Y (%) Mortgage (1) 4.2 21.2 Consumer 7.8 21.3 Commercial (2) 10.6 26.2 Gross Loan 8.4 23.8 Gross loans Dec. 13 Sep. 14 Dec. 14 Q/Q (%) Y/Y (%) Colombia 34.1 38.8 40.9 5.4 20.0 International 7.1 8.2 10.0 22.7 41.9 International USD$ (3) 3
Slide 17: Quality and Coverage (%)
Consolidated Quality and Coverage (%) Total Commercial 1 Consumer Mortgages 2 Quality: Loans >90 days Coverage: Allowances / Loans >90 days. 1 Commercial includes microcredit. 2 Mortgages includes leasing for housing. 17
Slide 18: Funding Sources
Consolidated Funding Sources (COP trillion) Consolidated Q/Q (%) Y/Y (%) Demand Deposits 2.1 17.5 Term Deposits 9.4 24.7 Bonds 15.6 15.5 Credits 10.8 33.2 Funding Sources 6.6 20.6 Loans, Net/ Funding Sources(1) 83.8% 84.8% 86.3% Funding Sources Dec. 13 Sep. 14 Dec. 14 Q/Q Y/Y Colombia 37.9 42.8 44.2
Slide 19: Capital Structure
Consolidated Capital Structure Solvency 9% Minimum Required Tier I 4.5% Tier II Dec 13 Mar 14 Sep 14 Dec 14 Mar 15 Shareholders’ Equity (COP trillion) Q/Q: 5.9% Y/Y: 15.2% 19
Slide 20: Financial Margin, Net
Consolidated Financial Margin, Net (COP billion) ACCUMULATED QUARTERLY 2,703 729 2,286 664 728 NIM(1) Dec 13 Sep 14 Dec 14 7.0% 6.7% 6.8% 4Q13 3Q14 4Q14 Dec 13 Dec 14 4T14 4T14 / 3T14 4T14 / 4T13 Acum. Dic 2014 Y/Y $ (%) (%) $ (%) 1,323 8.5 23.2 Loan Income 4,797 15.8 92 5.8 -39.3 Investment Income,
Slide 21: Expenses
Consolidated Expenses (COP billion) QUARTERLY ACCUMULATED 761 695 664 Efficiency(1) Dec 13 Sep 14 Dec 14 53.6% 52.3% 51.0% 4Q13 3Q14 4Q14 Dec 13 Dec 14 4Q14 4Q14 / 3Q14 4Q14 / 4Q13 Accum. Dec 14 Y/Y $ (%) (%) $ (%) 261 9.0 11.5 Personnel Expenses 957 10.6 314 20.1 5.1 Operating Expenses 1,079 8.9 18
Slide 22: Net Income
Consolidated Net Income (COP billion) QUARTERLY 306 ACCUMULATED 1,060 259 246 851 ROAE (1) Dec 13 Sep 14 Dec 14 15.1% 16.4% 16.6% 4Q13 3Q14 4Q14 Dec 13 Dec 14 4Q14 4Q14 / 3Q14 4Q14 / 4Q14 Accum. Dec 14 Y/Y $ (%) (%) $ (%) 728 9.7 -0.1 Financial Margin, net 2,703 18.2 330 8.3 9.4 Operative Income 1,2
Slide 23: Accumulated Net Income
Consolidated Accumulated Net Income (COP billion) Dividends received from internacional subsidiaries Net Income from International Subsidiaries Net Income Local Subsidiaries Eliminations Homogenizations Colombia includes Davivienda´s individual net income, local subsidiaries, dividends received from
Slide 24: Thank You
¡GraciasThank por su atención! You! atencionainversionistas@davivienda.com +57 1 2203495