Banco Davivienda SA · BVC:PFDAVVNDA
Banco Davivienda SA — Davivienda — Q1 2025 Earnings Presentation
24 slides from Banco Davivienda SA's earnings presentation, May 2025
Slide 1: Davivienda Consolidated Financial Results 1Q25
Davivienda Consolidated Financial Results 1Q25
Slide 2: Disclaimer and forward-looking statements
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
Slide 3: Macroeconomic Fundamentals Colombia
Macroeconomic Fundamentals Colombia Economic Activity Index (Y/Y) Monetary Policy Rate, Inflation and Funding Rate Mar. 24 Dec. 24 Mar. 25 Mar. 25 360 Days CDs 10.99% 9.76% 9.92% Quarterly Average MPR 12.25% 9.50% 9.50% Annual Inflation 7.36% 5.20% 5.09% 2.2% 2.4% 2.2%* 0.7% 2.1% Dec-18 Dec-19 Dec-20
Slide 4: Financial System Colombia
Financial System Colombia System Loan Portfolio Interest Rates on Loans Apr. 23 (Annual Growth) (4-week moving average) 47.1% Dec. 24 29.1% Cap Rate1 24.9%* 11.0% 17.2% Consumer 19.3%* 9.4% Mortgage 8.9%* 13.2% Total 14.7%* 6.1% Commercial 5.4%* 10.6% Commercial 12.6%* Total 3.8%* 8.9% Mortgage 11.7
Slide 5: Macroeconomic Fundamentals CAM
Macroeconomic Fundamentals CAM Quarterly Gross Domestic Product (Y/Y) Annual Inflation (Y/Y) 10.6% Costa Rica Honduras 4.3%* 4.2% 4.5%* 4.2% Panamá 2.0% Costa Rica 3.3% 4.9%* 0.4% 1.2%* El Salvador 0.2% El Salvador 1.8% 3.4%* Honduras 0.1%* Panama 3.4%* -0.4%* Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-2
Slide 6: 1Q25 Main Results: Continued positive trends confirm a solid recovery
1Q25 Main Results: Continued positive trends confirm a solid recovery Margins and Provisions $143.6 Gross Loans We have provided stability to our Tn Q/Q: -1.3% Y/Y: 5.9% margins supported in our interest-rate risk management strategy. 3M NIM FX&D 5.68% Q/Q: 19 bps Y/Y: -3 bps Consecutive decreases in
Slide 7: Our offering to help people and businesses move their money
Our offering to help people and businesses move their money… Cash-In Pioneers in A2A1 instant transfers. Cash-Out Leading players in Remittances. Industry specific solutions and customized collection portals. +15% Y/Y in Number of Transactions originated and received. Provide an outstanding payment Sy
Slide 8: DaviPlata, supporting customer acquisition, low-cost funding and income generation
DaviPlata, supporting customer acquisition, low-cost funding and income generation… Customer Base Low-Amount Deposits Transactions1 and Purchases2 (Million) (COP Billion) 1% 6% -8% 31% Q/Q Y/Y 1% 21% Q/Q Y/Y Q/Q Y/Y -10% 23% Q/Q Y/Y -7% 28% Q/Q Y/Y With Products DaviPlata as Common with End of Month
Slide 9: Balance Sheet - Assets
Activo Balance Sheet - Assets By Operation1 Q/Q Y/Y Cash -0.1% 22.7% Assets Q/Q Y/Y Net Investments 8.7% 13.9% Colombia 0.7% 5.7% Gross Loans -1.3% 5.9% COP -4.4% 14.1% CAM Loan Loss Reserves -0.5% -8.3% USD 0.5% 4.6% Others -12.6% -8.9% Assets -0.8% 7.8% Figures in COP Trillion Ex. FX Impact* 0.9%
Slide 10: Balance Sheet - Gross Loans
Balance Sheet - Gross Loans Growth by Operation (Y/Y)1 Growth by Segment (Y/Y) Gross Loans Mix Ex. FX Impact* 135.6 139.6 140.8 145.5 143.6 Q/Q Y/Y Q/Q Y/Y Commercial -1.6% 11.2% 0.2% 7.9% Consumer -4.1% -6.6% -2.5% -8.7% Mortgage 1.5% 9.3% 2.4% 7.8% Gross Loans -1.3% 5.9% 0.1% 3.5% Figures in COP T
Slide 11: Credit Risk Management - PDL & Coverage
Credit Risk Management - PDL & Coverage Total PDL & Coverage1 Coverage + Collaterals3 2 3 PDL by Segment Coverage1 1. Coverage: Loan Loss Reserves / Loans > 90 days 2. Total >120: (Mortgage > 120 days + Commercial > 90 days + Consumer > 90 days) / Gross Loans 3. Coverage + Collaterals = (Loan Loss R
Slide 12: Credit Risk Management - Consumer Portfolio
Credit Risk Management - Consumer Portfolio Disbursements Loan Mix (%) (Trillion COP) Consumer Ex. Credit Card Credit Card Unsecured Personal Loans Payroll Credit Card Vehicle Revolving Loans Dec. 20 Portfolio Vintages Net Provision Expenses 6% 4% PDL > 30 Days 2% Disbursement Date 1Q21 2Q21 3Q21 4Q
Slide 13: Credit Risk Management - Provision Expenses and Loans by Stages
Credit Risk Management - Provision Expenses and Loans by Stages CoR1 & Provision Expenses2 1Q24 $ Q/Q Y/Y Provision Expenses 864 -4.1% -50.7% Loans by Stages Coverage by Stages The average rate COP/USD depreciated 2.9% Q/Q and 7.0% Y/Y 1. Cost of Risk = Provision Expenses / Gross Loans 2. Figures in
Slide 14: Balance Sheet - Funding Sources and Liquidity
Balance Sheet - Funding Sources and Liquidity Funding Sources ($) Q/Q Y/Y Funding Ratios 0.6% 9.0% -4.3% 1.1% -6.7% -14.7% 2.3% 16.0% 1.2% 8.6% 1 Funding Mix (%) Liquidity Ratios 2 3 Figures in COP Trillion. The closing rate COP/USD appreciated by 4.9% Q/Q and depreciated 9.1% Y/Y 2. Liquidity Cover
Slide 15: Balance Sheet - Capital Structure
Balance Sheet - Capital Structure Capital Adequacy Ratios 1 Equity & RWAs2 Leverage Ratio 1Q25 Q/Q Y/Y Accounting Equity 16.2 0.0% 5.7% Common Equity Tier 1 14.3 0.9% 6.5% Additional Tier 1 2.1 -3.4% 9.3% Total Technical Capital 20.0 -0.8% 6.0% RWAs 128.2 -1.2% -0.8% Credit Risk 110.9 -2.3% 2.6% Mar
Slide 16: P&L - Financial Margin
P&L - Financial Margin 1Q25 $ Q/Q Y/Y Gross Financial Margin + FX & Derivatives Loan Income 4,344 1.7% -7.6% Investment and Interbank Income 544 5.8% -5.7% Financial Income 4,888 2.1% -7.4% Financial Expenses 2,618 -3.0% -13.8% Gross Financial Margin 2,270 8.8% 1.4% Provision Expenses 864 -4.1% -50.
Slide 17: P&L - Non Financial Income & Operating Expenses
P&L - Non Financial Income & Operating Expenses 1Q25 1Q25 $ Q/Q Y/Y $ Q/Q Y/Y Fee Income1 522 -3.2% 11.9% Personnel Expenses 671 9.0% 11.1% Other Net Income & Expenses 99 41.3% -47.3% Operating Expenses and Others 941 -9.7% 8.6% Non Financial Income 620 1.9% -5.1% Total Expenses 1,612 -2.8% 9.6% Non
Slide 18: P&L - Net Profit
P&L - Net Profit 1Q25 Net Profit2 $ Q/Q Y/Y Gross Financial Margin 2,270 8.8% 1.4% Provision Expenses 864 -4.1% -50.7% Net Financial Margin 1,406 18.7% 188.3% FX Changes, Derivatives 67 -48.7% N.A. Non Financial Income1 620 1.9% -5.1% Operating Expenses 1,612 -2.8% 9.6% Income Before Tax 481 80.8% N.A
Slide 19: 2025 Expectations
2025 Expectations 4Q24 2025 E 1Q25 2025 E (Previous / Feb. 25) (Current) (May. 25) Growth 7.0% Δ Y/Y 6% - 8% Δ Y/Y 5.9% Δ Y/Y 6% - 8% Δ Y/Y Loan Portfolio PDL > 90 4.41% 3.5% - 4.0% 4.42% 3.5% - 4.0% NIM 5.65% 5.6% - 5.8% 5.65% 5.6% - 5.8% Cost of Risk 3.57% 2.4% - 2.6% 3.00% 2.4% - 2.6% Profitabilit
Slide 20: Investor Relations
Investor Relations ir.davivienda.com ir@davivienda.com + 57 (601) 220 3495 Bogotá - Colombia
Slide 21: Appendix
Appendix B DNAVIVIENDN
Slide 22: Advancing in our quest of making the world more prosperous, inclusive and green
Advancing in our quest of making the world a more prosperous, inclusive and green place Sustainable Loan Portfolio1 (COP Trillion) First TCFD report incorporating TNFD recommendations. 3% 44% 0.21 Q/Q Y/Y Comprehensive measurement of GHG emissions 0.22 inventory. 2% 40% Total: 9.6 M Ton CO2e Q/Q Y/Y
Slide 23: With a clear progress in the Digital Transformation of our Bank
With a clear progress in the Digital Transformation of our Bank… Digital Products Portfolio2 Transactions by Channel (COP Trillion) (% of monetary transactions) 3% 0% Digital Clients1 Q/Q Y/Y 93.5% 12% 81% Q/Q Y/Y 4% 19% Q/Q Y/Y Transactions by Channel (% of monetary transactions) Digital Clients1 I
Slide 24: DaviPlata - Additional Information
DaviPlata - Additional Information CAC Cross-Selling Results (12 Months) DaviPlata / Davivienda -10% 6% 2% 24% Q/Q Y/Y Q/Q Y/Y -1% 16% 0% -16% Q/Q Y/Y Q/Q Y/Y 1 Active Users Customer Satisfaction (30 Days) 2pp -2pp -2pp Y/Y Q/Q Y/Y 1. CAC in USD estimated with the average exchange rate. 24