Slide 1: Corporate Presentation 4Q21
CorporatePresentation 4Q21 1 El contenido de esta comunicación es confidencial para uso exclusivo del destinatario, por lo que se prohíbe su divulgación total o parcial a cualquier tercero no autorizado.
Slide 2: Disclaimer
Disclaimer This presentation is not an offer to sell, or a solicitation of an offer to buy any interest in any security or investment product. Such offer or solicitation may only be made by means of delivery of an offering memorandum, which will contain a description of the material terms (including
Slide 3: Index
Index 1. About Gentera 4 1. Sense of Purpose 2. Social Impact 3. Corporate structure 4. History 5. Highlights 4Q21 6. Corporate Governance 7. Products and potential market 8. ConCrédito 9. Yastás and Aterna 2. Growth & profitability 20 1. Summary Gentera 2. Portfolio and NPL´s 3. NIM (%) after provi
Slide 4: About Gentera
About Gentera El contenido de esta comunicación es confidencial para uso exclusivo del destinatario, por lo que se prohíbe su divulgación total o parcial a cualquier tercero no autorizado.
Slide 5: More than 31 years together fulfilling dreams
More than 31 years together fulfilling dreams We boost the dreams of our clients by attending their Our Values financial needs with human sense. For more than 31 years, we have worked to bring opportunities that promote their development and that of their communities. We generate shared value throug
Slide 6: Generating Social Impact in more than 31 years of history
Generating Social Impact in more than 31 years of history • Three decades serving three generations, mostly women of popular segments with a human sense. • We have been the gateway for more than 13 million people to the financial system. • More than 100,000 people have joined our purpose, today we a
Slide 7: Corporate structure with the purpose of serving more clients
Corporate structure with the purpose of serving more clients • Compartamos (Mexico-Peru): Leader in financial solutions for the sub-served segment. • Yastás (Mexico): Correspondent network manager. • Aterna (Mexico-Peru): Leading agent in microinsurance. • Fiinlab: Financial inclusion laboratory, me
Slide 8: Our history, more than 31 years of evolution
Our history, more than 31 years of evolution +4.1 million users of 4Q21* financial services *3.47 million Clients from Credit, Savings, and Insurance Products, and additionally ConCrédito’s Entrepreneurs served 673 thousand final users. 8 El contenido de esta comunicación es confidencial para uso ex
Slide 9: Highlights 4Q21
Highlights 4Q21 In México, Banco Compartamos, reached a microcredit loan portfolio at Total Loan Portfolio reached the largest $26,769 million pesos, a +21.2% figure in GENTERA’s history at Ps. compared to 4Q20, reaching the largest 46,238 million, +13.6% compared portfolio in our history. 4Q20. In
Slide 10: Best practices in Corporate Governance
Best practices in Corporate Governance 11 members on the Board of Directors Independent Related 3 out of 7 Independent Directors are Women Códigos Code of Good Corporate Governance, which contains the regulations of the Board of Directors Code of Ethics and Conduct of utmost importance for Gentera,
Slide 11: Potential market for working capital loans
Potential market for working capital loans Mexico Peru Banco Compartamos - ConCrédito Compartamos Financiera A/B A/B Opportunity New Consumer Working C C Competitors Loans Capital Loans Peru ConCrédito New D D Competitors Mexico Opportunity E E 11 El contenido de esta comunicación es confidencial pa
Slide 12: Principal loans in Mexico
Principal loans in Mexico CM Crédito Mujer CCR Crédito Comerciante CI Crédito Individual General Characteristics: General Characteristics: General Characteristics: • Group loan for working capital purposes • Group loan for working capital purposes • Working capital loan. Fixed assets and investments
Slide 13: Other loans in Mexico
Other loans in Mexico Improvement loans for CM, CCR and CI Additional loans for CM and CCR General Characteristics: General Characteristics: • Personal credit to maintain or improve the client's house or • Working capital loan business. • Second loan offered simultaneously to Crédito Mujer (CM) • To
Slide 14: Evolution of loans methodologies
Evolution of loans methodologies (2018-4Q21) BANCO COMPARTAMOS, S.A. I.B.M. 1.9% 1.7% 1.2% 7.7% 12.0% 12.2% 13.3% Gentera Portfolio Distribution 1.8% 1.7% 1.1% 13.1% Mexico and Peru 7.4% 4.5% 0.6% 8.3% 2.2% 18.5% 19.6% 19.7% 18.50% 24,099 22,139 52.1% 47.9% 61.5% 56.4% 57.3% 57.9% Group Methodology
Slide 15: Distribution per subsidiary
Distribution per subsidiary % Total loan portfolio and average ticket Credit Clients per subsidiary 3,198,777 Credit Clients Ps 47,131 2.0% 6.4% 19.8% 35.7% 57.9% 78.2% Ps 26,027 Ps 10,701 Mexico Peru Concrédito Mexico Peru Concrédito The 3 markets where we are present have an opportunity to serve m
Slide 16: ConCrédito
ConCrédito (Entidad Financiera que ofrece microcréditos a través de apps) 673,568 23 States Final Users 62,639 138 Cities Entrepreneurs $2,952 mdp 1,624 Portfolio Employees 4.46% 100 % ~$47 NPL thousand ~16,000 Av. Product Offer Ticket* CrediTienda Active clients reached more than 62 thousand Distri
Slide 17: ConCrédito - Products
ConCrédito - Products ValeDinero (Main line of business) • Maturity: 1 to 18 biweeks • Loan Size: Ps. 500 to Ps. 8,000 • Final Users Per Entrepreneur: ~11 • Av. Ticket Entrepreneurs: Ps. 47,131* • Av. Ticket Final Users: Ps. 4,056 • Portfolio: Ps. 2,741 million Loan Entrepreneur Users The Entreprene
Slide 18: ConCrédito - Products
ConCrédito - Products CrediTienda (Offer products on credit through the CrediTienda app) • Beginning of Operations: 2018 • Maturity: 6 to 16 biweeks • Apps Users: 790,000 • Product Offer: ~16,000 • Av. Ticket Final User: Ps. 4,394 • Portfolio: Ps. 346 million** The Entrepreneurs sell products on cre
Slide 19: Yastás
Yastás (correspondent network manager) 32 Mexican 6,264 States Affiliates +2,000 Payment Categories Operations 4Q21 6.4 millons 2.8 millons of financial transactions. Dynamics Alliance with Banorte and Banco del 63.9 mdp Bienestar. Accumulated Net Income 2021 YASTAS recorded a historic level of tran
Slide 20: Aterna
Aterna (microinsurance broker) Products: Life: Aterna offers life insurance products to 4Q21 provide security to our customers and their families. Active Policies 9.3 million • 4Q21 – 10.9 million Health and Accidents: Trough this coverage Placed Policies Aterna seeks to avoid a destabilization in t
Slide 21: Growth and profitability
Growth and profitability El contenido de esta comunicación es confidencial para uso exclusivo del destinatario, por lo que se prohíbe su divulgación total o parcial a cualquier tercero no autorizado.
Slide 22: Summary
Summary Gentera S.A.B. de C.V. % Change % Change % Change Summary 4Q21 4Q20 3Q21 2021 2020 4Q20 3Q21 2020 Clients 1 ) 3,470,101 3,346,119 3,481,942 3.7% -0.3% 3,470,101 3,346,119 3.7% Portfolio* 46,238 40,689 40,416 13.6% 14.4% 46,238 40,689 13.6% Net Income* 937 291 657 222.0% 42.6% 2,625 (1,635) N
Slide 23: Total Portfolio – NPL %
Total Portfolio – NPL % Gentera Mexico – Banco Compartamos 46,238 26,769 40,689 39,889 40,416 39,139 22,093 21,887 22,747 5.43% 21,490 5.64% 3.74% 3.03% 3.56% 2.96% 2.82% 1.57% 1.61% 2.08% 4Q20 1Q21 2Q21 3Q21 4Q21 4Q20 1Q21 2Q21 3Q21 4Q21 Peru ConCrédito 16,518 2,900 2,952 15,624 2,618 14,899 14,452
Slide 24: NIM (%) after provisions
NIM (%) after provisions Gentera Mexico – Banco Compartamos 31.7% 44.2% 39.9% 41.3% 29.4% 37.3% 35.8% 27.1% 27.2% 25.2% 12M21 28.8% 4Q20 1Q21 2Q21 3Q21 4Q21 4Q20 1Q21 2Q21 3Q21 4Q21 Peru ConCrédito 13.2% 12.8% 11.9% 31.1% 31.4% 30.9% 22.8% 7.8% 11.1% 3.3% 4Q20 1Q21 2Q21 3Q21 4Q21 4Q20 1Q21 2Q21 3Q21
Slide 25: Equity - ROAA
Equity - ROAA Gentera Mexico – Banco Compartamos 68,951 70,088 69,364 70,272 38,086 67,457 37,619 37,281 37,278 5.4% 1.6% 3.7% 3.8% 2.2% 9.5% 35,912 12M21 7.3% 3.8% 4.3% 4.2% 3.4% 4Q20 1Q21 2Q21 3Q21 4Q21 4Q20 1Q21 2Q21 3Q21 4Q21 Peru ConCrédito 20,152 4,779 19,807 4,096 4,203 19,603 3,990 3,795 16.
Slide 26: Assets - ROAE
Assets - ROAE Gentera Mexico – Banco Compartamos 24,834 11,792 12M21 11,364 23,839 11.3% 24.7% 10,897 31.6% 23,030 15.4% 22,607 10,584 10,689 22,282 11.4% 11.2% 15.3% 6.7% 11.7% 14.1% 5.2% 4Q20 1Q21 2Q21 3Q21 4Q21 4Q20 1Q21 2Q21 3Q21 4Q21 Peru ConCrédito 3,605 2,541 2,354 2,141 2,243 2,019 3,509 30.
Slide 27: Financial Information 4Q21
Financial Information 4Q21 El contenido de esta comunicación es confidencial para uso exclusivo del destinatario, por lo que se prohíbe su divulgación total o parcial a cualquier tercero no autorizado.
Slide 28: Balance Sheet
Balance Sheet % Change % Change 4Q21 4Q20 3Q21 4Q20 3Q21 Cash and other investments 13,850 18,481 16,962 -25.1% -18.3% Derivatives 13 0 0 N/C N/C Total performing loans 44,935 38,480 39,192 16.8% 14.7% Non-performing loans 1,303 2,209 1,224 -41.0% 6.5% Total loan portfolio 46,238 40,689 40,416 13.6%
Slide 29: Income Statement
Income Statement % Change % Change % Change 4Q21 4Q20 3Q21 2021 2020 4Q20 3Q21 2020 Interest income 6,124 4,900 5,571 25.0% 9.9% 22,443 19,352 16.0% Interest expense 476 585 470 -18.6% 1.3% 1,965 2,302 -14.6% Net Interest Income 5,648 4,315 5,101 30.9% 10.7% 20,478 17,050 20.1% Provisions for loan l
Slide 30: NPLs per subsidiary
NPLs per subsidiary NPL´s per methodology and subsidiaries 4Q21 4Q20 3Q21 NPL NPL NPL PRODUCT Portfolio NPL Write- Offs Portfolio NPL Write- Offs Portfolio NPL Write- Offs Ratio Ratio Ratio C. Mujer 15,504 233 1.50% 100 13,583 619 4.56% 1,169 13,068 125 0.96% 103 C. Comerciante 4,931 174 3.50% 85 4,
Slide 31: Summary
Summary Banco Compartamos S.A. I.B.M. National Scale Global Scale Perspective Fitch Ratings ‘AA(mex) / F1+(mex)’ BB+ / B Stable Standard & Poor’s ‘mxAA / mxA-1+’ BB+ / B’ Negative % Change % Change % Change Summary 4Q21 4Q20 3Q21 2021 2020 4Q20 3Q21 2020 Clients 2,501,493 2,175,142 2,426,777 15.0% 3
Slide 32: Balance Sheet
Balance Sheet % Change % Change 4Q21 4Q20 3Q21 4Q20 3Q21 Cash and other investments 7,116 10,486 10,351 -32.1% -31.3% Related parties 910 1,060 910 -14.2% 0.0% Total performing loans 26,211 20,846 22,382 25.7% 17.1% Non-performing loans 558 1,247 365 -55.3% 52.9% Total loan portfolio 27,679 23,153 2
Slide 33: Income Statement
Income Statement % Change % Change % Change 4Q21 4Q20 3Q21 2021 2020 4Q20 3Q21 2020 Interest income 4,622 3,403 4,335 35.8% 6.6% 16,506 14,215 16.1% Interest expense 332 348 333 -4.6% -0.3% 1,319 1,415 -6.8% Net Interest Income 4,290 3,055 4,002 40.4% 7.2% 15,187 12,800 18.6% Provisions for loan los
Slide 34: Funding structure
Funding structure 5.6%: Cost of Funds 4Q21 Debt profile excluding clients deposits Year Maturity % 9.0% 7.9% 9.4% 2022 2,500 12% 1.0% 2023 5,993 30% 2024 5,180 26% 26.9% 2025 5,333 26% 36.8% 35.0% 2026 1,216 6% Total 20,222 100% 31.4% 24.0% 24.6% 32.7% 30.3% 31.0% 4Q21 4Q20 3Q21 88% of Banco Compart
Slide 35: Allowance for loan losses
Allowance for loan losses 4Q21 4Q20 3Q21 Risk %Allowance Balance Allowance %Allowance Balance Allowance %Allowance Balance Allowance A-1 1.2% 17,029 204 1.2% 15,484 190 1.2% 14,474 175 A-2 2.0% 1,810 35 1.9% 1,841 35 2.0% 1,751 35 B-1 3.9% 1,052 41 3.4% 98 3 3.6% 258 9 B-2 4.1% 1,465 61 4.1% 1,464 6
Slide 36: Summary
Summary Compartamos Financiera (Peru) Rating Perspective Apoyo & Asociados A- Stable Class & Asociados A- Stable % Change % Change Summary 4Q21 4Q20 3Q21 2021 2020 % Change 2020 4Q20 3Q21 Clients 634,645 677,678 617,705 -6.4% 2.7% 634,645 677,678 -6.4% Portfolio * 16,518 15,624 14,768 5.7% 11.9% 16,
Slide 37: Balance Sheet
Balance Sheet % Change % Change 4Q21 4Q20 3Q21 4Q20 3Q21 Cash and other investments 3,431.4 4,673.8 3,682.9 -26.6% -6.8% Total performing loans 15,904.0 14,907.6 14,133.7 6.7% 12.5% Non-performing loans 614.0 716.3 633.9 -14.3% -3.1% Total loan portfolio 16,518.0 15,623.8 14,767.6 5.7% 11.9% Allowan
Slide 38: Income Statement
Income Statement % Change % Change 4Q21 4Q20 3Q21 2021 2020 % Change 2020 4Q20 3Q21 Interest income 1,038 1,068 1,032 -2.8% 0.5% 4,205.7 4,274.7 -1.6% Interest expense 113.6 185.6 104.2 -38.8% 9.0% 495.0 798.7 -38.0% Net interest income 924.5 882.5 928.2 4.8% -0.4% 3,710.7 3,476.1 6.7% Provisions fo
Slide 39: Funding structure
Funding structure 1.7% 1.3% 2.0% 64.1% 63.0% 64.1% 3.3% Cost of Funds 4Q21 7.8% 11.3% 7.3% 7.8% 7.0% 6.9% 18.6% 17.5% 19.6% 4Q21 4Q20 3Q21 Capital Investment Funds Comercial Bank Developmet Bank Deposits Acreedores por reporto 39 El contenido de esta comunicación es confidencial para uso exclusivo d
Slide 40: Summary
Summary Fin Útil, S.A. de C.V. SOFOM, E.N.R. ConCrédito Comfu, S.A. de C.V. % Change % Change % Change ConCrédito 4T21 4T20 3T21 2021 2020 4Q20 3Q21 2020 Clients 62,639 42,917 61,441 46.0% 1.9% 62,639 42,917 46.0% Portfolio * 2,952 2,248 2,900 31.3% 1.8% 2,952 2,248 31.3% Net Income * 187 6 131 3154
Slide 41: Balance Sheet
Balance Sheet 4T21 4T20 3T21 % Var 4T20 % Var 3T21 Efectivo e inversiones en valores 1,362.5 1,314.9 836.4 3.6% 62.9% Derivados 12.8 0.0 0.0 N/C N/C Cartera vigente 2,820.5 2,092.6 2,675.9 34.8% 5.4% Cartera vencida 131.8 155.6 224.6 -15.3% -41.3% Cartera total 2,952.2 2,248.2 2,900.5 31.3% 1.8% Est
Slide 42: Income Statement
Income Statement 4T21 4T20 3T21 % Var 4T20 % Var 3T21 2021 2020 % Var 2020 Ingresos por intereses 472.3 251.0 458.9 88.2% 2.9% 1,740.3 1,129.8 54.0% Gastos por intereses 32.9 45.1 32.0 -27.2% 2.6% 138.5 236.1 -41.3% Margen financiero 439.5 205.9 426.9 113.4% 2.9% 1,601.8 893.7 79.2% Estimación preve
Slide 43: Contact
Contact Enrique Barrera Flores Brenda García Cárdenas Daniela Galicia Cabrera enbarrera@gentera.com.mx bregarcia@gentera.com.mx sgalicia@gentera.com.mx Investor Relations Officer Investor Relations Investor Relations (55) 5276 7250 ext.7379 (55) 5276 7250 ext. 6819 (55) 5276 7250 ext. 7507 43 El con