Grupo Aval Acciones Y Valores Sa · BVC:GRUPOAVAL
Grupo Aval Acciones Y Valores Sa — Q4 2015 Earnings Presentation
17 slides from Grupo Aval Acciones Y Valores Sa's earnings presentation, Apr 22, 2016
Slide 1: 4Q15 Consolidated Earnings Results IFRS
4Q15 Consolidated Earnings Results IFRS April 2016
Slide 2: Disclaimer
2 Haga clic para modificar l estilo de título del patrón Disclaimer Grupo Aval Acciones y Valores S . A . (“Grupo Aval”) is an issuer of securities in Colombia and in the United States, registered with Colombia’s National Registry of Shares and Issuers (Registro Nacional de Valores y Emisores) and t
Slide 3: Highlights
3 Haga clic para modificar l estilo de título del patrón Highlights The following are the main highlights of our FY2015 results under Full IFRS: • Net income attributable for the shareholders was 2.04 trillion pesos or 92 pesos per share, which compares favorably versus t he 1.81 trillion pesos or 8
Slide 4: Macroeconomic context - Colombia
4 Haga clic para modificar l estilo de título del patrón 12.6% 12.9% 11.9% 11.8% 10.7% 9.9% 10.0% 11.1% 9.8% 9.6% 8.4% 8.7% 8.6% 2010 2011 2012 2013 2014 2015 2016 Unemployment as of December for each period Unemployment as of February for each period - 3.4% - 4.4% - 4.3% - 5.0% - 7.2% - 6.5% - 6.4%
Slide 5: Macroeconomic context - Colombia
5 Haga clic para modificar l estilo de título del patrón Macroeconomic context - Colombia Inflation (%) Source: DANE Source: Banrep. (1) End of period DTF rate. Source: Banrep and DANE Central Bank’s Monetary Policy 3.73 3.20 2.44 2.16 1.94 2.93 3.66 4.42 6.77 7.98 1.5 2.5 3.5 4.5 5.5 6.5 7.5 8.5 De
Slide 6: Macroeconomic context - Colombia
6 Haga clic para modificar l estilo de título del patrón Macroeconomic context - Colombia Source: Bloomberg Source: Bloomberg. ( 100=Jan 31, 2015) Colombian Peso Exchange Rate COP vs Emerging markets’ currencies Colombian Peso vs WTI US$/barrel 4Q14 3Q15 4Q15 4Q15 vs. 3Q15 4Q15 vs. 4Q14 Average 2.17
Slide 7: Macroeconomic context – Central America
7 Haga clic para modificar l estilo de título del patrón 11.5% 13.8% 8.5% 13.8% 10.2% 14.2% 10.5% Central America Panama Costa Rica El Salvador Guatemala Honduras Nicaragua Fuente : FMI Real GDP growth evolution (%) Macroeconomic context – Central America 2.0 3.1 3.5 4.2 4.1 4.7 6.2 2.3 3.5 3.0 3.8
Slide 8: Assets Breakdown
8 Haga clic para modificar l estilo de título del patrón 65.1% 12.3% 1.6% 21.1% Loans and financial leases Fixed income Investments Unconsolidated equity investments Other 65.0% 11.2% 1.5% 22.3% 63.5% 13.4% 1.5% 21.5% 180.0 210.6 218.0 4Q14 3Q15 4Q15 4Q15 / 4Q14: 21.1% Assets Breakdown 4Q14 4Q15 For
Slide 9: Gross Loans Breakdown
9 Haga clic para modificar l estilo de título del patrón 60.4% 29.9% 9.5% 0.3% 115.5 138.0 141.5 4Q14 3Q15 4Q15 61.9% 29.3% 8.5% 0.3% Gross loans Gross loans Breakdown 4Q15 4Q14 Loans Figures in Ps. Trillions 115.5 Microcredit Mortgages Consumer Commercial 7.3% 37.2% 24.7% 19.5% 4Q15 / 4Q14 141.5 4Q
Slide 10: Loan portfolio quality
10 Haga clic para modificar l estilo de título del patrón Loan portfolio quality 2.6% 2.5% 2.4% 1.7% 1.6% 1.6% 4Q14 3Q15 4Q15 30 days PDLs / Total loans NPLs / Total loans 1.7% 1.4% 1.8% 1.6% 1.2% 1.6% 4Q14 3Q15 4Q15 Loan provision expense, net / Average Loans Loan provision expense, net (net of rec
Slide 11: Loan portfolio quality
11 Haga clic para modificar l estilo de título del patrón Loan portfolio quality (1) Past Due Loans + 30 / Total Loans. (2) NPL defined as microcredit loans more than 30 days past due, consumer and financial leases more than 60 days past due, mortgage more tan 120 days past due and commercial loans
Slide 12: Funding and Deposit Composition
12 Haga clic para modificar l estilo de título del patrón 4Q14 3Q15 4Q15 Interbank Borrowings 3.3% 6.7% 5.1% Long-Term Bonds 9.5% 9.3% 9.0% Banks and Others 10.7% 11.0% 11.6% Deposits 76.5% 73.0% 74.2% 4Q14 3Q15 4Q15 Others 0.3% 0.4% 0.3% Time deposits 37.1% 38.4% 38.1% Checking accounts 25.3% 23.0%
Slide 13: Capital and Consolidated Capital Adequacy
13 Haga clic para modificar l estilo de título del patrón 4Q14 3Q15 4Q15 Minority interest 7.6 8.0 8.5 Attributable Shareholders' Equity 13.7 13.6 14.4 Total Equity 21.4 21.6 22.9 13.7 13.6 14.4 4Q14 3Q15 4Q15 4Q15 / 4Q14: 5.1% Attributable Shareholders Equity Attributable Equity + Minority Interest
Slide 14: Net Interest Margin
14 Haga clic para modificar l estilo de título del patrón 6.4% 6.3% 6.3% 4Q14 3Q15 4Q15 1.6% 0.6% 2.3% 4Q14 3Q15 4Q15 NIM – Net Interest Margin (1) Net Interest Margin: Net interest income divided by total average interest - earning assets. (2) Loans Interest Margin: Net Interest Income on Loans to
Slide 15: Fees and Other Operating Income
15 Haga clic para modificar l estilo de título del patrón Other income Fees and other operating income Figures in Ps. Billions 4Q14 3Q15 4Q15 Income from non - financial sector, net 173 248 292 Hedging activities and FX gains (losses), net 191 67 219 Income from non - consolidated investments (2) an
Slide 16: Efficiency Ratio
16 Haga clic para modificar l estilo de título del patrón 3.5% 3.5% 3.5% 4Q14 3Q15 4Q15 45.6% 50.7% 46.7% 4Q14 3Q15 4Q15 Efficiency Ratio is calculated as personnel plus administrative and other expenses divided by net interest income plus other income and fees and other services income, net ( e xcl
Slide 17: Net Income and Profitability
17 Haga clic para modificar l estilo de título del patrón 1.6% 1.5% 2.2% 4Q14 3Q15 4Q15 454 445 693 4Q14 3Q15 4Q15 13.8% 13.1% 19.8% 4Q14 3Q15 4Q15 (1) ROAA for each quarter is calculated as annualized Net Income divided by average of total assets . (2) ROAE for each quarter is calculated as annuali
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