Grupo Aval Acciones Y Valores Sa · BVC:GRUPOAVAL
Grupo Aval Acciones Y Valores Sa — Q2 2014 Earnings Presentation
15 slides from Grupo Aval Acciones Y Valores Sa's earnings presentation, Sep 3, 2014
Slide 1: 2Q14 Consolidated Earnings Results
GRAPHIC OMMITTED August 2014 2Q14 Consolidated Earnings Results Colombian Banking GAAP
Slide 2: Disclaimer
Disclaimer GRAPHIC OMMITTED Grupo Aval Acciones y Valores S.A. ("Grupo Aval") is an issuer in Colombia of securities registered with the National Registry of Shares and Issuers (Registro Nacional de Valores y Emisores), and in this capacity, it is subject to the control of the Superintendency of Fin
Slide 3: Highlights
Highlights Grupo Aval financials for 2Q14 show strong results of our banking operations with: [] Strong asset growth (16.8% yoy) and moderate quarterly growth reaching Ps 161.8 trillion supported by both organic and inorganic growth of our colombian and central american loan portfolios. [] Stable qu
Slide 4: Macroeconomic fundamentals
Macroeconomic fundamentals Strong GDP Growth Colombia World GRAPHIC OMMITTED Source: IMF(Projections) DANE and ANIF. (1) Colombia nominal GDP per capita in thousands of USD, IMF. Inflation vs. Nominal Interest Rates GRAPHIC OMMITTED Central Bank's Average DTF (2) int. Rate (1) -------- -------------
Slide 5: Assets
Assets Figures in Ps. Trillions Total Assets GRAPHIC OMMITTED Assets Breakdown GRAPHIC OMMITTED (2(1) Includes Ps. 6.4 trillion of assets acquired in Central America. Growth excluding acquisitions would have been 12.2% vs.2Q13. (2) Foreign operations reflect Central American operations. 5
Slide 6: Loans
Loans Figures in Ps. Trillions Gross loans GRAPHIC OMMITTED Gross loans Breakdown GRAPHIC OMMITTED (1) Includes Ps. 4.3 trillion of loans acquired in Central America. Growth excluding acquisitions would have been 13.4% vs.2Q13. 6
Slide 7: Loan portfolio quality
Loan portfolio quality 30 days PDLs / Total(1)loans NPLs / Total loans GRAPHIC OMMITTED Charge offs / Average NPLs (1) 0.52x Loan provision expense / Average Loans GRAPHIC OMMITTED Allowances Allowances / / NPLs(1) 30+ PDLs GRAPHIC OMMITTED (1) NPL defined as microcredit loans more than 30 days past
Slide 8: Loan portfolio quality - Grupo Aval
Loan portfolio quality -- GRUPO AVAL Loans % / Total Loans =========================== 2Q14 Commercial 57.1% Consumer 28.5% Financial Leases 7.2% Mortgages 6.9% Microcredit 0.3% ---------- Total Loans 100.0% ---------- Past Due Loans (1) ===== ==================== ===== 2Q13 1Q14 2Q14 1.3% 1.6% 1.6%
Slide 9: Funding
Funding Figures in Ps. Trillions Total Funding GRAPHIC OMMITTED Total Deposits GRAPHIC OMMITTED Interbank Borrowings Long-Term Bonds Banks and Others Deposits 2Q13 1Q14 2Q14 4.4% 4.6% 4.6% 9.9% 8.0% 8.3% 9.2% 9.5% 8.9% 76.5% 77.9% 78.1% Others Time deposits Checking accounts Savings deposits 2Q13 1Q
Slide 10: Capital
Capital Figures in Ps. Trillions Attributable Equity + Minority Interest GRAPHIC OMMITTED Attributable Shareholders Equity Attributable Shareholders' Equity Minority interest Total Equity 2Q13 1Q14 2Q14 ---- ---- ---- 9.0 12.1 12.5 ---- ---- ---- 5.6 6.6 6.7 ---- ---- ---- 14.6 18.6 19.2 ---- ---- -
Slide 11: NIM - Net Interest Margin
NIM -- Net Interest Margin Net interest income (trillions) GRAPHIC OMMITTED GRAPHIC OMMITTED (1) Loans Interest Margin: Net Interest Income on Loans to Average loans and financial leases. (2) Net Investment Margin: Net Interest income on Fixed Income securities and on Interbank and Overnight funds t
Slide 12: Net Fees and other operating income
Net Fees and other operating income Figures in Ps. Billions Net Fees(1) GRAPHIC OMMITTED Fee Income 2Q14 GRAPHIC OMMITTED (1) Total fees and other service income minus fees and other services expenses. Other operating income GRAPHIC OMMITTED Other operating income 2Q13 1Q14 2Q14 --------------------
Slide 13: Efficiency and non operating income, net
Efficiency and non operating income, net GRAPHIC OMMITTED GRAPHIC OMMITTED GRAPHIC OMMITTED GRAPHIC OMMITTED Efficiency Ratio is calculated as Operating Expenses before D&A divided by Operating Income before net provisions. Efficiency Ratio is calculated as annualized Operating Expenses before D&A d
Slide 14: Profitability
Profitability Figures in Ps. Billions Net income GRAPHIC OMMITTED ROAA(1) GRAPHIC OMMITTED ROAE(2) GRAPHIC OMMITTED (1) ROAA for each quarter is calculated as annualized Net Income before Minority Interest divided by average of total assets.(2) ROAE for each quarter is calculated as annualized Net I
Slide 15: Signature
GRAPHIC OMMITTED 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: September 3, 2014 GRUPO AVAL ACCIONES Y VALORES S.A. By: /s/ Jorge Adrián Rincón
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