Banco De Bogota Sa · BVC:BOGOTA
Banco De Bogota Sa — Non-Deal Roadshow (July 2024)
19 slides from Banco De Bogota Sa's roadshow presentation, Jul 2, 2024
Slide 1: Meeting with Investors
Cambiando Contigo Meeting with Investors: • Mariva Capital Markets • Aberdeen Standard Investments • BTG Pactual • Morgan Stanley IM July 2, 2024 • Ninety One • Parliament Holdings • UBP The Issuers Recognition-IR granted by the Colombian Securities Exchange is not a certification about the quality
Slide 2: Disclaimer
Disclaimer Banco de Bogotá is an issuer of securities in Colombia and, as such, it is required to comply with periodic reporting requirements and corporate governance practices. As a financial institution, the Bank is subject to inspection and surveillance from Colombia’s Superintendency of Finance.
Slide 3: Corporate Strategy BdB 2024-2027
Corporate Strategy BdB | 2024- 2027 Optimal Funding Sustainability Mix Strategic Principles CT OBJE IVES Growth Profitability 1. Focus on key segments Customer At the center of our decisions 2. Customer base deepening Talent & EN Operational Culture A B L ER S Efficiency 3. Differentiated valued pro
Slide 4: Q1-2024 Performance Overview
Q1-2024 Performance Overview Attributable Net Income for Q1-2024 was $206.8 billion pesos leading to an annualized 5.3% ROAE. 0.6% 5.3% ROAA ROAE • ROAA and ROAE improved in Q1-2024 to 0.6% and 5.3%, respectively, mainly from NIM enhancement and a lower effective tax rate. Net Interest Margin 4.5% •
Slide 5: Digital Transformation
Digital Transformation Credit cards 37 Insurance 60% Saving accounts 37 Personal loans 54 Transformation of technology based 2,527 of digital channel adoption 152 + 307 Total Digital Sales (k) 1 Time deposits 18 on APIs Active Digital Clients (k) Other 9 Strengthening our Corporate Segment digital c
Slide 6: Sustainability
Sustainability Reports and Standards For the fourth year in a row, we were part of We reported the impact report on our first S&P Global’s Sustainability Yearbook, placing Sustainable Subordinated Bond in international us in the top 4%. markets, for USD 230 million. $13 Sustainable Business trillion
Slide 7: Context – Colombia Macroeconomic Overview
Context – Colombia Macroeconomic Overview 20% Monthly Activity Indicator vs. GDP 1 (YoY %) Inflation vs. Central Bank Rate (YoY %) 13.12% 15% Central bank rate 13.00% GDP 2021 2022 2023 2024e* 11.75% Headline inflation 12.00% (YoY %) 10.8% 7.3% 0.6% 1.0% 10% 9.28% 5% 7.16% 0.7% 5.62% 0% -1.7% 2021 2
Slide 8: Assets & Loan Portfolio Detail – Consolidated
Assets & Loan Portfolio Detail – Consolidated Figures in trillion COP Total Assets Breakdown Gross Loan Portfolio Structure Trade & tourism, 1.2% Oil & mining, 1.2% Equity Investments, $139.0 Government, 2.5% Others, 0.5% $101.3 7.9% Other(1) Agriculture, 2.9% Assets, Chemical production, 3.4% 11.1%
Slide 9: Consolidated Funding
Consolidated Funding Figures in trillion COP Total Funding Q1-23 Q4-23 Q1-24 YoY: 1.5%; Exc. FX: 5.9% 0.3 4.2 4.7 QoQ.: 2.6%; Exc. FX: 2.5% 11.0 9.0 8.9 17.0 12.3 10.8 % Q1-24 $117.9 $116.7 $119.7 Deposits 79.6 Bank and others 9.1 Long Term Bonds 7.4 89.6 91.1 95.3 Interbank Borrowings 3.9 Total Dep
Slide 10: Equity & Capital Adequacy as Reported
Equity & Capital Adequacy as Reported Figures in trillion COP Equity Composition ∆ YoY: 0.7% Tangible Capital Ratio & Equity / Assets ∆ QoQ: -1.8% 15.6 15.6 11.5% 11.1% 15.4 15.8 15.5 11.2% 0.05 0.05 0.06 0.06 0.06 10.2% 10.5% 10.1% 15.3 15.5 15.5 15.7 15.4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 2023 2024 20
Slide 11: Consolidated NIM
Consolidated NIM Figures in billion COP Growth Rate Q1-23 Q4-23 Q1-24 YoY Exc. Fx QoQ Exc. Fx Net Interest Income 1,278.8 1,214.4 1,289.3 0.8% 2.4% 6.2% 6.5% Net Interests Margins Yields by Quarter 5.3% 5.4% 13.8% 13.4% 5.0% 12.6% 4.7% 4.3% 4.5% 10.7% 9.2% 8.7% 3.1% 8.2% 7.2% 7.6% -0.4% -1.3% Q1 Q2
Slide 12: Loan Portfolio Quality – PDLs / Gross Loans
Loan Portfolio Quality – PDLs / Gross Loans 30-day PDL Ratio 90-day PDL Ratio 4.6% 6.4% 4.5% 6.0% 3.9% 5.5% 6.2% 4.2% 4.3% 5.7% 3.8% 5.3% 5.0% 4.7% 3.1% 2.5% 2.3% 3.5% Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 2023 2024 2023 2024 30-day PDLs by Type 90-day PDLs by Type 16.9% 18.3% 14.6% 13.1% 14.1% 8.2% 11.0% 4
Slide 13: Loan Portfolio Quality – Stages & Coverage by Stage
Loan Portfolio Quality – Stages & Coverage by Stage Gross Loan % by Stages 7.4% 7.2% 7.3% 8.0% 4.9% 5.2% 84.6% 87.9% 87.5% Stage 1 Q1 Q2 Q3 Q4 Q1 2023 2024 Stage 2 (1) Coverage by Stages Stage 3 53.1% 53.9% Total 52.4% 18.1% 19.1% 13.6% 5.7% 5.6% 5.8% 1.1% 1.0% 0.7% Q1 Q2 Q3 Q4 Q1 • Figures exclude
Slide 14: Loan Portfolio Quality – Allowances
Loan Portfolio Quality – Allowances 30-day Coverage Ratio 90-day Coverage Ratio Allowances / 30-day PDLs Allowances / 90-day PDLs 1.65x 1.18x 1.05x 1.48x 1.42x 1.39x 1.05x 1.01x 1.34x 1.00x 1.35x 0.93x 0.46x 0.65x 0.67x 0.55x 0.36x 0.31x Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 2023 2024 2023 2024 Allowances /
Slide 15: Loan Portfolio Quality – Cost of Risk & Charge-offs
Loan Portfolio Quality – Cost of Risk & Charge-offs Net Cost of Risk(1) 2.9% 3.2% 2.9% 2.6% 1.8% 1.7% 0.9% 0.8% 0.7% Q1 Q2 Q3 Q4 Q1 2023 2024 Charge-offs / 90-day PDLs Charge-offs / Average Loans 3.1% 71% 2.8% 2.8% 2.5% 68% 61% 54% 59% 2.0% 50% 1.8% 39% 31% 23% 0.7% 1.0% 0.8% Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3
Slide 16: Fees and Other Income
Fees and Other Income Figures in billion COP Fee Structure 24.4% 27.6% 25.5% ∆ YoY: 1.6% 504 488 480 33 30 31 Other ∆ QoQ: -3.2% 48 52 57 Fiduciary Activities Banking Fees 391 426 405 Total Fees (1) Fee Income(1)Ratio Q1 Q2 Q3 Q4 Q1 2023 2024 Other Income 315.7 204.5 213.1 (2) 317.8 Equity Method In
Slide 17: Efficiency
Efficiency Figures in billion COP Total Income (1) Total Operating Expenses 1,952.6 ∆ YoY: -3.8% / ∆ QoQ: 4.4% ∆ YoY: 1.5% / ∆ QoQ: -8.4% 1,877.5 1,007.6 1,797.6 909.5 923.3 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 2023 2024 2023 2024 Efficiency 56.0% 49.2% 46.6% Cost to Income Cost to Assets 2.6% 2.9% 2.7% Q1
Slide 18: Profitability as Reported & for Comparable Operations
Profitability as Reported & for Comparable Operations Figures in billion COP Net Attributable Income to Shareholders 493 207 38 Q1 Q2 Q3 Q4 Q1 2023 2024 ROAE ROAA 12.7% 1.4% 5.3% 0.6% 1.0% 0.1% Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 2023 2024 2023 2024 • ROAA for each period is calculated as annualized net i
Slide 19: Contact Information
www.bancodebogota.com Contact Information Germán Salazar – Executive Vice-president Javier Dorich Doig – Head of IR & Corporate Development investor.relations@bancodebogota.com.co Best Bank in Colombia 2023: Global Finance Great Place To Work 2023 Sustainability Yearbook 2023