Banco Davivienda SA · BVC:PFDAVVNDA
Banco Davivienda SA — Davivienda — Q4 2022 Earnings Presentation
22 slides from Banco Davivienda SA's earnings presentation, Mar 1, 2023
Slide 1: Consolidated Financial Results - 4Q22
Davivienda Consolidated Financial Results - 4Q22
Slide 2: Disclaimer and exchange rate
The information hereby presented is exclusively for informative and illustrative purposes and it is not, nor does it pretend to be, a source for legal or financial assessment of any kind. Certain statements in this presentation are “forward-looking” statements within the meaning of the U.S. Private S
Slide 3: Macroeconomic Fundamentals Colombia
Macroeconomic Fundamentals Colombia Gross Domestic Product (Y/Y) Davivienda’s Confidence Index Dec. 2022 * Year-to-date average Source: Davivienda. *January 31st, 2023 Source: National Administrative Department of Statistics (DANE) Exchange Rate and Oil Prices Dec. 2022 Monetary Policy Rate and Inflat
Slide 4: Macroeconomic Fundamentals CAM
Macroeconomic Fundamentals CAM Gross Domestic Product (Y/Y) Inflation (Y/Y) *September, 2022 Exchange Rate Monetary Policy Rate Dec. 2022 Dec. 2022 * * * CRC/USD HNL/USD * 4 Source: Central Banks of Central America *February 20th, 2023 *February 20th, 2023
Slide 5: 2022 Main Results
2022 Main Results 50 Years 21.8 M 10.3% Y/Y $1.62 1 Accum. Net Profit Customers 3 +2x vs. 2018 Enriching Life with Integrity Accum. Y/Y: 28.1% Growth ESG Digital Capabilities 10.74% ROAE 15.9% Adjusted ROAE2 Supporting +170k Small 21.7% Y/Y Businesses and 85% Retail Gross Loans Entrepreneurs with Dig
Slide 6: Results of Our Sustainable Management
Results of Our Sustainable Management Sustainable Loan Portfolio Davivienda is within the top 15% companies with the best sustainable business practices amongst banks Included for the 9th consecutive year 19% CAGR Members of the MILA Pacific Alliance Index1 16% CAGR 25% CAGR Renewable Energy Verified
Slide 7: Results of our Digital Strategies
Results of our Digital Strategies Digital Transformation of our Bank CR SV HN PA 91.3% Digital Clients 69.5% Digital Clients Digital Sales and Digital Products Portfolio1 Digital Sales and Transactions (COP Trillion) 98% Transactions CAGR 44% CAGR -2% CAGR DaviPlata, a Neobank for Everyone Customer
Slide 8: Our Main Strategic Focuses
Our Main Strategic Focuses Central Strengthen Actively manage America operations Loan Portfolio Leader in SMEs Margins and risk control Boost the Insurance Business Analytics-based targeting and origination Lead through BoostService and Efficiency experience End-to-end digitalization World-class proac
Slide 9: Balance Sheet - Assets
Activo Balance Sheet - Assets By Operation Q/Q Y/Y Assets Q/Q Y/Y Cash 19.8% 5.6% Colombia 1.7% 15.4% Net Investments 3.8% 17.3% COP 10.0% 35.0% Gross Loans 3.3% 22.1% CAM Loan Loss Reserves 6.3% 17.6% USD 5.0% 11.7% Others -6.0% 32.4% Assets 3.9% 20.6% By the end of December the COP depreciated 4.8
Slide 10: Balance Sheet - Gross Loans
Balance Sheet - Gross Loans Growth by Operation (Y/Y)1 Growth by Segment (Y/Y) Gross Loans Mix Ex. FX Impact* 118.8 121.9 130.6 140.2 144.8 Q/Q Y/Y Q/Q Y/Y Commercial 3.3% 20.1% 1.9% 12.9% Consumer 2.6% 28.2% 1.7% 19.9% Mortgage 4.3% 18.5% 3.4% 14.6% Gross Loans 3.3% 22.1% 2.2% 14.6% By the end of D
Slide 11: Balance Sheet - Credit Risk Management
Balance Sheet - Credit Risk Management Total PDL & Coverage 1 PDL by Segment Coverage by Segment2 1. Total >120: (Mortgage > 120 days + Commercial > 90 days + Consumer >90 days) / Gross Loans 2. Coverage: Asset Allowances / Loans > 90 days 11
Slide 12: Balance Sheet - Credit Risk Management
Balance Sheet - Credit Risk Management CoR1 - Provision Expenses 4Q22 Accumulated $ Q/Q $ Y/Y Provision Expenses 1,324 74.1% 3,446 4.4% Ex. FX Impact* 73.7% 3.0% Loans by Stages Coverage by Stages Figures in COP Billion. As of 4Q22 the average exchange rate depreciated 4.6% Q/Q and 13.7% Y/Y 1. Cost
Slide 13: Balance Sheet - Structure
Activo Balance Sheet - Structure Assets Q/Q Y/Y Colombia 1.7% 15.4% COP 10.0% 35.0% CAM Liabilities & USD 5.0% 11.7% Assets Equity Total 3.9% 20.6% Y/Y Y/Y Ex. FX Impact* 2.6% 12.9% $184.1 Liabilities Q/Q Y/Y 5.6% Colombia 2.0% 16.4% 17.3% 6.5% COP 10.0% 36.0% CAM USD 5.0% 12.6% Total 4.1% 21.3% Lia
Slide 14: Balance Sheet - Capital Structure
Balance Sheet - Capital Structure Capital Adequacy Ratios 1 Equity & RWAs2 Leverage Ratio 4Q22 Q/Q Y/Y Accounting Equity 16.3 2.6% 14.1% Common Equity Tier 1 14.8 2.5% 14.9% Additional Tier 1 2.4 3.1% 21.1% Total Technical Capital 21.8 2.8% 12.3% RWAs 133.9 2.1% 24.1% Credit Risk 119.2 1.9% 22.1% Ma
Slide 15: P&L - Financial Margin
P&L - Financial Margin 4Q22 Accumulated Gross Financial Margin $ Q/Q $ Y/Y Loan Income 4,641 16.0% 15,162 49.1% Investment and Interbank Income 359 79.9% 699 68.5% Financial Income 5,000 19.1% 15,862 49.8% Financial Expenses 2,637 33.7% 7,010 125.7% Gross Financial Margin 2,363 6.1% 8,851 18.3% Prov
Slide 16: P&L - Non Financial Income & Expenses
P&L - Non Financial Income & Expenses 4Q22 Accumulated 4Q22 Accumulated $ Q/Q $ Y/Y $ Q/Q $ Y/Y Fee Income 441 6.6% 1,679 11.8% Personnel Expenses 550 3.8% 2,046 14.1% Other Net Income & Expenses 20 -48.9% 204 117.9% Operating Expenses and Others 913 13.5% 3,201 18.3% Non Financial Income 462 1.7% 1
Slide 17: P&L - Net Profit
P&L - Net Profit 4Q22 Accumulated Net Profit2 $ Q/Q $ Y/Y Gross Financial Margin 2,363 6.1% 8,851 18.3% Provision Expenses 1,324 74.1% 3,446 4.4% Net Financial Margin 1,039 -29.2% 5,406 29.3% FX Changes, Derivatives -22 -172.9% 279 -44.0% Non Financial Income 462 1.7% 1,882 18.0% Operating Expenses 1,
Slide 18: Expectations 2023
Expectations 2023 2022 E 2022 2023 E 2023 E (Previous / Nov. 22) (Actual) (Previous / Nov. 22) (Feb. 23) Growth 19% - 21% Δ Y/Y 22.1% Δ Y/Y 8% - 10% Δ Y/Y 8% - 10% Δ Y/Y Loan Portfolio PDL* 2.8% - 3.1% 3.13% 2.8% - 3.2% 2.9% - 3.3% NIM 6.0% - 6.3% 6.04% 6.0% - 6.3% 6.0% - 6.3% Cost of Risk 2.1% - 2.
Slide 19: Visit us at ir.davivienda.com
Investor Relations and Capital Management ir@davivienda.com + (57 601) 220 3495 www.davivienda.com Bogotá - Colombia Visit us at ir.davivienda.com
Slide 20: Appendix
Appendix 20
Slide 21: DaviPlata, a Neobank for Everyone
DaviPlata, a Neobank for Everyone Active Users Transactions1 Purchases2 Ecards3 (30 Days) (Million) (COP $ Trillion) (Million) 41% 214% 30% -800 CAGR CAGR CAGR pbs DaviPlata’s Nanocredit Cross-Selling Results CAC Customer Satisfaction DaviPlata / Davivienda (12 Months) 822% CAGR 75% CAGR +4.8pts +10
Slide 22: Loan Portfolio - Relief Programs Evolution
Activo Loan Portfolio - Relief Programs Evolution COL Payment Behavior Up to date: 88.4% Past due 31 - 90 days: 4.9% Past due > 90 days: 6.6% % Portfolio under relief Commercial Consumer Mortgage CAM Payment Behavior Up to date: 89.1% Past due 31 - 90 days: 5.6% Past due > 90 days: 5.3% 22