Grupo Cibest S.a. · BVC:CIBEST
Grupo Cibest — Q2 2021 Earnings Presentation
25 slides from Grupo Cibest's earnings presentation, Aug 11, 2021
Slide 1: Earnings Results 2Q21
Earnings Results = Bancolombia 2Q21 ~~
Slide 2: 2Q21 Overview
2Q21 Overview Business Update Financial Highlights • More than 20 million clients, growing over 10% per year in • Loan book up 3.25% QoQ the last 5 years. • Deposits up 2.82% QoQ • 85% of total transactions are done through digital • Basel III CET1 capital ratio of 11.5% and total channels capital r
Slide 3: Macro
Macro The strong recovery of economic activity will allow real GDP to close 2021 above its pre-Covid levels Main macroeconomic indicators for Colombia FY 2021 Indicator 1Q21 2Q21 Forecast GDP growth 1.1% 18.6% (E) 8.0% (YoY % variation) Urban unemployment rate 16.8% 17% 16.4% (% of active population
Slide 4: Business Solutions – Colombia
Business Solutions – Colombia Leasing 2020: 2.9 COP Trillion 1H21: 2.7 COP Trillion Mobility Mortgages 2020: 6.2 COP Trillion ATMs as a new sales channel Bancassurance & Real Estate 2H21: 4.2 COP Trillion Development Loans Investments Investbot Inversí E-trading App Virtual Branch
Slide 5: Payments – Colombia
Payments – Colombia Credit Cards Debit Cards 5.7 6.1 33.5 31.3 100 5.6 28.9 29.6 90 5.2 5.0 6 300 27.2 28.1 27.0 26.7 32.0 4.8 5.0 4.5 24.8 29.0 80 5 250 3.9 20.3 26.0 23.0 70 4 200 20.0 60 17.0 2.5 2.6 2.6 2.6 2.6 2.7 93 3 10.7 10.8 11.1 11.4 11.7 50 83 79 75 9.6 9.9 10.3 10.6 14.0 150 9.4 11.0 40
Slide 6: Digital
Digital Users QR Code 180,000 1.81 2.00 12.5 160,000 1.80 9,541 1.60 140,000 9.4 1.26 29,556 1.40 120,000 7,153 1.20 7.1 100,000 20,420 1.00 4.8 80,000 3.7 0.80 60,000 114,173 0.36 0.60 2.0 40,000 1,887 89,375 0.40 1.8 4.6 5.4 2,762 0.8 20,000 35,024 0.20 1.2 1.9 - - 2018 2019 2020 2Q21 2Q20 1Q21 2Q
Slide 7: Digital
Digital Transactions Fee Income Loans NPS A LA MANO 27,761 81,790 3.0 51.5 60.0 22,977 2Q21: 69.41% 47.1 2.5 50.0 1.8 2.5 48,800 49,130 2.0 40.0 1.5 11,407 1.5 30.0 19.9 1.5 CAC 1.0 1.3 20.0 0.5 0.9 0.2 0.3 10.0 0.1 2Q21: USD 0.33 - - 2Q20 1Q21 2Q21 2Q20 1Q21 2Q21 2Q20 1Q21 2Q21 Total Transactions P
Slide 8: ESG
ESG Our goal for 2030 is to avoid 9.3 million Tons of C02 and 100% renewable energy for our direct operations 2021 16.7x 2030 30 Trillion COP 500 Trillion COP Assets ESG AUM 4.5 Trillion COP disbursed under 3.9 trillion COP disbursed under special 2021 –1.9 TrillionCOP ESG AUM 2023 -15 TrillionCOP E
Slide 9: Credit Reliefs
Credit Reliefs Evolution of the credit reliefs on a consolidated basis 44% Credit Reliefs over total loans 44% 17% 15% 3% 10% 7% 7.42% 14% 6% 5.35% 8% 4% 2.07% 2Q20 3Q20 4Q20 1Q21 2Q21 Loans Under Relief Solutions Evolution of the credit reliefs by geography Colombia Panama El Salvador Guatemala 35%
Slide 10: Credit Reliefs
Credit Reliefs Provisions Breakdown 2425 1282 906 842 727 626 429 292 238 223 150 140 102 126 96 57 16 -11 Parameters Update + Consumer Deterioration SME Deterioration Corporate Deterioration Specific Provisions Total COVID-19 2Q20 1Q21 2Q21 COP Billion Risk Models GDP Growth Scenarios Colombia Pana
Slide 11: Provisions, Allowances, Asset Quality and Coverage
Provisions, Allowances, Asset Quality and Coverage Provisions Asset Quality Evolution 4.8% 4.1% 2.9% 3.4% 2.5% 2.6% Net Provisions Charges 1.8% 1.6% 1.25% 2Q20 3Q20 4Q20 1Q21 2Q21 2Q21/2Q20 -74% 2Q21/1Q21 -51% Initial PDLs 9,079 6,975 8,943 9,137 9,023 2,435 New PDLs** (1,372) 2,539 431 1,051 999 2,
Slide 12: Capital Adequacy
Capital Adequacy Tier I and Total Capital Evolution Capital Adequacy (2Q21) 14.8% 14.7% 14.8% 15.0% 12.6% 20.62% 11.4% 11.2% 11.2% 11.5% 9.3% 5.83% 15.04% 14.56% 14.53% 2Q20 3Q20 4Q20 1Q21 2Q21 13.12% 3.55% 1.94% Tier I Total Capital Adequacy 12% 11.5% 5.69% Shareholders´Equity 10% 14.79% 8% 14.56%
Slide 13: Liquidity Management
Liquidity Management Liquidity and Deposits Liabilities 192,000 103.0% 189,742 204 190,000 102.5% 102.0% 203 188,000 101.0% 1% 196 3% 100.0% 10% 1% 4% 186,000 184,543 5% 99.0% 184,000 181,722 98.0% 182,000 98.4% 97.0% 94% 97.6% 89% 94% 180,000 96.0% 178,000 95.0% 176,000 94.0% 2Q20 1Q21 2Q21 2Q20 1Q
Slide 14: Colombia and Central America Overview
Colombia and Central America Overview Loans Expenses Fees Provision Charges NII COP Trillion COP Trillion COP Billion COP Billion 1,926 COP Trillion 527 2.2 138 141 497 466 1.40 860 2.1 2.1 1.37 411 681 535 126 1.30 Loan Share: 69% 116 1.24 2.0 2Q18 2Q19 2Q20 2Q21 2Q18 2Q19 2Q20 2Q21 2Q18 2Q19 2Q20
Slide 15: NIM & NII
NIM & NII Net Interest Margin 5.9% 5.5% 5.6% 5.6% 5.1% 4.9% 5.1% 5.0% 4.0% 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 Net interest margin Net Interest Income 2,890 2,913 2,901 2,782 2,842 2,769 2,825 2,846 2,243 2,770 2,606 2,802 2,888 2,851 2,634 2,686 2,804 2,517 120 176 40 25 50 135 -274 139 42
Slide 16: Operating Expenses & Efficiency
Operating Expenses & Efficiency 70% 10% Efficiency Ratio 60% 9% 51.0% 49.1% 48.5% 8% 50% 45.1% 7% 40% 6% 30% 4.2% 5% 4.0% 20% 3.6% 3.2% 4% 10% 3% 0% 2% 2Q18 2Q19 2Q20 2Q21 Operating Expenses to Net Operating Income Operating Expenses to Interest Earning Assets Operating Expenses 1,981 2,081 1859 1,8
Slide 17: Fees
Fees Evolutions of Net Fees 19.7% 20.5% 19.7% 19.1% 16.8% 683 764 794 799 807 2Q20 3Q20 4Q20 1Q21 2Q21 Net Fees Fee Income Ratio Credit/debit cards Bancassurance Trust/Inv. B/Brokerage services 2Q21/2Q20 33% 2Q21/2Q20 11% 2Q21/2Q20 4% 530 503 514 452 385 184 184 188 164 151 133 150 146 145 110 2Q20
Slide 18: Profitability
Profitability ROE & ROA 20% 1.6% 1.8% 2% 15% 1.2% 16.3% 15.0% 1% 10% 10.6% 5% 0% -0.1% 0% -1.1% -5% -1% 2Q18 2Q19 2Q20 2Q21 ROE ROA Net Income 1,156,915 936,189 591,716 -73,297 2Q18 2Q19 2Q20 2Q21 COP Millions
Slide 19: Earnings Results 2Q21
Earnings Results = Bancolombia 2Q21 ~~
Slide 20: Clients & Segments – Colombia
Clients & Segments – Colombia Retail SMEs Corporates 14.08 2.03 13.32 22.12 22.26 1.91 Clients 1.76 11.21 19.23 2019 2020 2Q21 2019 2020 2Q21 2019 2020 2Q21 Figures in Millions Figures in Millions Figures in Thousands 29.73 82.87 80.42 46.06 76.63 44.96 43.30 27.55 68.59 25.26 37.82 62.85 61.16 35.4
Slide 21: Stages
Stages Loan Breakdown by Stages 7.6% 7.7% 8.6% 8.4% 7.8% 7.4% 9.2% 9.8% 10.6% 10.4% Balance Stage 2 and 3 - Coverage 85.0% 83.2% 81.6% 81.0% 81.8% 45.99% 47.26% 40.0 45.13% 45.60% 45.37% 45.00% 35.0 2Q20 3Q20 4Q20 1Q21 2Q21 40.00% 30.0 35.00% Stage 1 Stage 2 Stage 3 25.0 30.00% 20.0 25.00% 35.2 37.5
Slide 22: Assets and Loans Breakdown
Assets and Loans Breakdown Total Gross Loans Total Assets 200 TN 197 TN 204 TN 13.1% 13.8% 13.8% 20.9% 21.6% 21.4% 2Q21/2Q20 ∆ 1.75% 2Q21/1Q21 ∆ 3.25% Other 12% 65.3% 64.2% 64.0% Financial Assets Investment 11% 2Q20 1Q21 2Q21 Commercial Consumer Mortgage Loans 77% Total Gross Loans by Currency 129 1
Slide 23: Colombia and Central America Overview
Colombia and Central America Overview Provision Provision Efficiency: 47.0% / 45.6% Efficiency: 52.0% / 48.7% Charges 417 Charges NIM: 5.5% / 5.9% 1,536 NIM: 3.3% / 3.4% Net Income Growth: 7.1% 1,189 Net Income Growth: -6.9% Loan Quality 90d: 3.8% / 3.3% Loan Quality 90d: 3.1% / 3.7% Coverage 90d: 2
Slide 24: Disclaimer
Disclaimer This report corresponds to the interim unaudited consolidated financial statements of BANCOLOMBIA S.A. and its subsidiaries (“BANCOLOMBIA” or “The Bank”) which Bancolombia controls, amongst others, by owning directly or indirectly, more than 50% of the voting capital stock. These financia
Slide 25: Earnings Results 2Q21
Earnings Results = Bancolombia 2Q21 ~~