Grupo Aval Acciones Y Valores Sa · BVC:GRUPOAVAL
Grupo Aval Acciones Y Valores Sa — Q3 2013 Earnings Presentation
16 slides from Grupo Aval Acciones Y Valores Sa's earnings presentation, Nov 27, 2013
Slide 1: 3Q13 Consolidated Earnings Results
November 2013 3Q13 Consolidated Earnings Results Colombian Banking GAAP 1
Slide 2: Disclaimer
Disclaimer 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 Finance. Grupo Aval
Slide 3: Highlights
Highlights [] Net income in 3Q13 was Ps. 403.2 billion, a 27.2% increase versus Ps. 317 billion in 3Q12. [] ROAE(1) for 3Q13 and for the nine-month period ended September 30, 2013 were 18% [] ROAA(2) for 3Q13 was 1.9% versus 1.4% for 3Q12 and 2.1% when annualizing the nine-month period. [] Total net
Slide 4: Highlights: Other relevant information
Highlights Other relevant Information: [] Banco de Bogot[] is expected to complete an equity offering for approximately US$500 million before year end 2013. Aval will subscribe all its rights in this offering. [] Grupo Aval has requested authorization from the Colombian Superintendency of Finance to
Slide 5: Macroeconomic fundamentals
Macroeconomic fundamentals Strong GDP Growth Colombia World 6.6% 5.2% 4.0% 4.0% 3.7% 3.5% 1.7% 4.0% 2.8% 3.2% 2.9% (0.6%) GDP per 2008 2009 2010 2011 2012 13E Capita(*) 5.3 5.1 6.3 7.1 7.9 7.8 Source: IMF(Projections) and DANE. (*) Colombia nominal GDP per capita in thousands of USD, IMF. Inflation
Slide 6: Assets
Assets Figures in Ps. Trillions Total Assets 3Q13 / 2Q13: 0.9% 3Q13 / 3Q12: 11.6% 139.7 125.2 138.5 3Q12 2Q13 3Q13 Assets Breakdown 3Q12 % of total assets 15.9% Foreign (1) 84.1% Colombian operations Other 23.0% Loans and financial leases 59.6% Investments 17.4% 3Q13 % of total assets 18.2% Foreign
Slide 7: Loans
Loans Figures in Ps. Trillions Gross loans 3Q13 / 2Q13: 3.1% 3Q13 / 3Q12: 14.3% 85.4 88.1 77.1 3Q12 2Q13 3Q13 Gross loans Breakdown 3Q12 Microcredit 77.1 Mortgages 0.4% ===== Financial leases 5.5% ----- 8.0% Consumer 29.0% Commercial 57.2% Growth ----------------- 3Q13 3Q13 vs. 3Q12 ------- --------
Slide 8: Loan portfolio quality
Loan portfolio quality PDLs / Total loans NPLs / Total loans 2.5% 2.4% 2.4% 1.7% 1.7% 1.6% 3Q12 2Q13 3Q13 Loan provision expense / Average Loans 1.7% 1.4% 1.3% 3Q12 2Q13 3Q13 Charge offs / Average NPLs 0.7x 0.6x 0.6x 3Q12 2Q13 3Q13 Allowances Allowances / / NPLs PDLs 002x 1.94x 1.94x 1.95x 002x 1.34
Slide 9: Loan portfolio quality - Grupo Aval
Loan portfolio quality -- GRUPO AVAL PDLs per Loan Category % / Total Loans Past Due Loans (1) ======================= ===== ==================== ===== 3Q13 3Q12 2Q13 3Q13 Commercial 56.9% 1.3% 1.3% 1.4% Consumer 29.1% 3.7% 4.4% 4.2% Financial leases 7.6% 3.4% 2.6% 3.7% Mortgages 6.0% 3.6% 3.0% 2.8%
Slide 10: Funding
Funding Figures in Ps. Trillions Total Funding 3Q13/2Q13: 0.4% 3Q13/3Q12: 12.1% 104.7 116.9 117.4 Deposits ========== Bank and ========== Long-Term ========== Interbanks ========== Total Deposits 3Q13/2Q13: -0.6% 3Q13 / 3Q12: 16.7% 76.2 89.4 88.9 Saving Dep =========== Time Depos =========== Checkin
Slide 11: Capital
Capital Figures in Ps. Trillions Attributable Equity + Minority Interest 3Q13 / 3Q12: 9.5% 3Q12 2Q13 3Q13 -------------------------------- ---- ---- ---- Total Equity 13.8 14.6 15.1 -------------------------------- ---- ---- ---- Attributable Shareholders Equity 8.5 9.0 9.2 -------------------------
Slide 12: NIM - Net Interest Margin
NIM -- Net Interest Margin Net interest income (trillions) 3Q13/ 3Q12 3Q13 3Q12 1.5 1.7 13.0% 7.8% 7.8% 7.8% 7.8% 7.8% 7.7% 7.4% 7.1% 6.6% 6.5% 6.8% 6.0% 6.0% 5.9% 3.7% 2.7% 1.7% 3.9% 1.1% 1.0% 1.5% ---- ---- ---- ---- ---- ---- ---- 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 Avg. cost of funds / Total Int.
Slide 13: Net Fees and other operating income
Net Fees and other operating income Figures in Ps. Billions Net Fees(1) 3Q13 / 3Q12: 21.8% 716 716 588 3Q12 2Q13 3Q13 (1) Total fees and other service income minus fees and other services expenses. Fee Income 3Q13 Commissions from Other, banking services, 14.2% 46.9% Pension plan management, 21.0% F
Slide 14: Efficiency
Efficiency Operating expenses / Operating Income 53.8% 53.3% 51.1% 3Q12 2Q13 3Q13 Efficiency Ratio is calculated as Operating Expenses before DandA divided by Operating Income before net provisions. Operating expenses / Average Assets 4.1% 4.3% 4.1% 3Q12 2Q13 3Q13 Efficiency Ratio is calculated as a
Slide 15: Profitability
Profitability Figures in Ps. Billions Net income 3Q13 / 3Q12: 27.2% 403 317 330 3Q12 2Q13 3Q13 EPS $17.1 $17.8 $21.7 ROAA(1) 1.9% 1.4% 1.6% 3Q12 2Q13 3Q13 ROAA 9 months 1.9% 2.1% ROAE(2) 18% 14% 14% 3Q12 2Q13 3Q13 ROAE 9 months 16% 18% (1) ROAA for each quarter is calculated as annualized Net Income
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