Grupo Aval Acciones Y Valores Sa · BVC:GRUPOAVAL
Grupo Aval Acciones Y Valores Sa — Q4 2022 Earnings Presentation
20 slides from Grupo Aval Acciones Y Valores Sa's earnings presentation, Mar 7, 2023
Slide 1: Report of 4Q2022 and FY 2022 consolidated results
Grupo VA lui Report of 4Q2022 and FY 2022 consolidated results Information reported in Ps billions“ and under IFRS (1) We refer tobilions as thousands of millions.
Slide 2: Debt service coverage and leverage ratios
Debt service coverage and leverage ratios 4Q21 3Q22 4Q22 Δ 4Q22 vs. 3Q22 4Q22 vs. 4Q21 As of December 31 st 2022 our combined double leverage (calculated as investments in subsidiaries at book value, subordinated loans to subsidiaries, AT1 investments, and goodwill as a percentage of shareholders' e
Slide 3: 4Q22 and FY2022 Consolidated Earning Results IFRS
4Q22 and FY2022 Consolidated Earning Results IFRS
Slide 4: Disclaimer
Disclaimer Grupo Aval Acciones y Valores S . A . (“Grupo Aval”) is an issuer of securities in Colombia and in the United States (“SEC”) . As such, it is subject to compliance with securities regulation in Colombia and applicable U . S . securities regulation . Grupo Aval is also subject to the inspe
Slide 5: Consolidated results for the year
Consolidated results for the year 3 Gross loans e xcludes interbank and overnight funds . PDLs 90 + defined as loans more than 90 days past due . Cost of Risk c alculated as Impairment loss on loans and other accounts receivable net of recoveries of charged - off assets divided by average gross loan
Slide 6: Macroeconomic context – Colombia (1 of 2)
(4.8%) (6.8%) (9%) (7%) (5%) (3%) (1%) 1% Trade balance Current Account Deficit -17% -7% 3% 13% Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Real GDP growth Inflation Colombian Central Bank's Interest rate 12.75% 13.25% 2.88% Macroeconomic context – Colombia (1 I 2) 4 Source: Banco de la República de Colombia
Slide 7: Macroeconomic context – Colombia (2 of 2)
10.0% 10.9% 16.7% 13.8% 11.2% 11.1% 11.5% 19.1% 15.2% 11.4% 2018 2019 2020 2021 2022 LTM average national unemployment LTM average urban unemployment Macroeconomic context – Colombia (2 I 2) 5 Source: Ministry of Finance. Projections start in 2023. Source: Banco de la República de Colombia. Source:
Slide 8: Digital strategy
Digital strategy 6 v v + 121.000 leads were generated for the banks as potential business + 18% average growth in number of monthly disbursements + Ps $6.500 million monthly average disbursements + 18.000 policies since its launch in July 2022. + 25% of the country’s publications +2.8 million sessio
Slide 9: ESG Highlights
ESG Highlights 7 Corporate Governance & Risk Corporate efficiencies and innovation Financial performance Environment Human Capital Banco de Occidente, Banco Popular and Banco AV Villas are working on ESRMS implementation Banco de Bogotá has had ESRMS since 2019 and by 2022 it carried out 361 analyse
Slide 10: Assets
Assets 8 Assets breakdown (%) Total assets (1) Pro - forma Total assets, net loans and leases, fixed income investments, unconsolidated equity investments and other assets for 4 Q21 are calculated based on the reported consolidated figures excluding BHI’s contribution to these numbers. (2) Net loans
Slide 11: Loan and receivables
Loan and receivables 9 (1) Pro - forma Gross Loans and their breakdown for 4Q21 are calculated based on the reported consolidated figures excluding BHI’s contribution to these numbers. Gross loans Gross loans breakdown Figures in Ps. Trillions – Excluding interbank and overnight funds (1) (1) 154.4
Slide 12: Loan portfolio quality
2.08% 1.76% 1.88% 1.70% 1.36% 1.46% Impairment loss / Average gross loans Impairment loss, net / Average gross loans 1.55x 1.59x 1.55x 1.21x 1.19x 1.16x 5.64% 5.14% 5.04% Allowance / Gross loans Allowance / 90+ PDLs Allowance / 30+ PDLs 4.65% 4.33% 4.35% 3.63% 3.23% 3.25% 30 days PDLs / Gross loans
Slide 13: Loan portfolio quality by stages
Loan portfolio quality 11 30 days past due formation (1) 90 days past due formation (2) Loans and coverage by Stages (%) Pro - forma PDLs, charge - offs, gross loans, allowances and breakdown by stages and type for 4Q21, 1Q22, FY 2021 and FY 2022 are ca lculated based on the reported consolidated fi
Slide 14: Funding
Funding breakdown (%) Pro forma 4Q21 3Q22 4Q22 Deposits 70.1% 70.3% 70.6% Banks and others 10.1% 12.6% 14.1% Bonds issued 14.9% 12.3% 11.6% Interbank borrowings 4.9% 4.8% 3.7% Deposit breakdown (%) Pro forma 4Q21 3Q22 4Q22 Savings accounts 46.7% 42.9% 42.9% Checking accounts 17.7% 15.3% 15.0% Time d
Slide 15: Capital adequacy and equity
Capital as reported 13 4Q21 3Q22 4Q22 4Q21 3Q22 4Q22 4Q21 3Q22 4Q22 4Q21 3Q22 4Q22 Core Equity Tier 1 10.2 10.1 10.1 11.1 9.9 10.2 13.5 11.6 11.5 12.3 10.6 10.9 AT1 1.3 - - - - - - - - - - - Primary capital (Tier 1) 11.5 10.1 10.1 11.1 9.9 10.2 13.5 11.6 11.5 12.3 10.6 10.9 Solvency Ratio 13.5 13.1
Slide 16: NIM – Net Interest Margin
NIM – Net Interest Margin 14 (1) Pro - forma Net Interest for 4Q21 and FY 2021 are calculated based on the reported consolidated figures excluding BHI’s contribut ion to these numbers. Pro - forma ratios for 4Q21 and FY 2021 calculated based on the pro - forma figures explained above. (2) Pro - form
Slide 17: Fees and other operating income
Fees and other operating income 15 Gross fee income Other operating income Non - financial sector (*) (*) Net income from sales of goods and services (**) Reflects net NFS from Nexa BPO, Megalinea and Aportes en L ínea call - centers and other subsidiaries (**) (1) Pro - forma Fees, other operating
Slide 18: Efficiency ratios
Efficiency ratios 16 Cost to income (1) Cost to assets (2) Pro - forma total other expenses, net interest income, net income from commissions and fees, net income from sales of goods and se rvices, net trading income, net income from other financial instruments mandatory at FVTPL and total other inc
Slide 19: Profitability as reported
471 632 569 378 310 306 1,098 106 30 - 641 777 1,730 675 408 - 330 4Q21 1Q22 2Q22 3Q22 4Q22 Continued operations Discontinued operations 34.9 77.6 29.7 17.2 (13.9) Profitability as reported 17 Figures in Ps. Billions Net income attributable to controlling interest ROAA reported (2) ROAE reported (3)
Slide 20: Signature
SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: March 6, 2023 GRUPO AVAL ACCIONES Y VALORES S.A. By: /s/ Jorge Adrián Rincón Plata Name: Jorge Adr
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