Banco Davivienda SA · BVC:PFDAVVNDA
Banco Davivienda SA — Merger or Acquisition (January 2025)
25 slides from Banco Davivienda SA's merger presentation, Jan 7, 2025
Slide 1: Davivienda to integrate Scotiabank operations in Colombia, Costa Rica and Panama
Slide 2: Disclaimer
M@ Disclaimer é Forward-Looking Information Statement This communication contains certain forward-looking statements within the meaning of applicable securities laws, including, but not limited to, statements regarding the proposed transaction, the anticipated benefits of the transaction, and the ex
Slide 3: Hi Davivienda
Hi Davivienda Astory of learning and innovation with proven track record of sustainable growth Davivienda becomes a Davivienda is bank incorporated 1872 1997 Savings and Loans 1. Consolidated figures in Billion USD as of September 2024. 2. Operation of HSBC in Central America. 3. RappiPay Financing
Slide 4: Transaction Overview
Slide 5: Transaction Overview
Hi Transaction Overview Description Governance Approvals & Timing Accounting Records Davivienda to integrate Scotiabank’s operations in Colombia, Costa Rica and Panama in exchange of newly issued common and preferred shares for an approximately a 20% ownership stake in Davivienda’s combined operatio
Slide 6: Transaction Rationale
Slide 7: Transaction Rationale
H@ Transaction Rationale Significantly strengthens our presence in Colombia, Costa Rica and Panama. J ~ Allows us to complement our value offering and provides new lines of business to capitalize on. _ Allows us to improve results through a more diversified portfolio and by capturing efficiencies. S
Slide 8: Significantly strengthens our presence in Colombia, Costa Rica and Panama
Significantly strengthens our presence in Colombia, Costa Rica and Panama ae Davivienda’s assets and equity will grow by around 40%, and our banking operations’ market shares by assets are expected to increase in over 150 bps. D d 0 Fo USD Billion onsolidated O R,P ombined Operatio Assets 43.7 16.8
Slide 9: Allows us to complement our value offering
EB Allows us to complement our value offering... a Over the years, Davivienda has complemented its offerings for individuals and businesses, building a comprehensive portfolio of financial services and venturing into non-financial products through the development of ecosystems and other businesses.
Slide 10: ... and provides new business opportunities to capitalize on
B ... and provides new business opportunities to capitalize on ae BNS operations and partnership complement Davivienda’s approach, enhancing product and service offering with a Global outreach. [ —_cotombia | gE Panama | e Alliances and Partnerships: Ability and i e Improve value offering with asset
Slide 11: Allows us to improve results through a more diversified portfolio
BB allows us to improve results through a more diversified portfolio... & Higher geographic diversification and an increased share of consumer loans, expected to support margin generation in the medium to long term. BS Pro Forma Assets b pauIVIENDA* Combined Operation’ ssets by Geography 4.4% 5.6% *
Slide 12: Allows us to improve results by capturing efficiencies
EE} Allows us to improve results by capturing efficiencies... . Potential to capture efficiencies across the operations, processes and technologies. e Efficiently leverage on the capacity of both operations and commercial networks, to increase productivity and seize Capture Efficiencies scalability
Slide 13: Generates value for our shareholders and maintains healthy capital ratios
| 4) Generates value for our shareholders and maintains healthy capital ratios Pro forma Consolidated Figures . Pro forma Consolidated Figures Common as of Sep. 24 Equity % as of Sep. 24 Equity Tier 1 RWAs cei BNS Col+CR+PN 15 29.2% Banco Davivienda’ 3.3 31.6 Davivienda Consolidated 3.8 70.8% BNS Co
Slide 14: Bring aboard a renowned partner to continue exploring business opportunities
B Bring aboard a renowned partner to continue exploring business opportunities with ( > e Operating for over 190 years. e Assets of 1.4 Trillion CAD as of Oct. 2024 (~1 Tn. USD). e Key markets: Canada, the US, Mexico, English Caribbean, representing over 80% of earnings. With presence in Latam (incl
Slide 15: Investor Relations
D/WVIMIENDMN Investor Relations ir.davivienda.com ir@davivienda.com Bogota, Colombia
Slide 16: Appendix
Slide 17: Operations to be integrated by Davivienda
|_| Operations to be integrated by Davivienda (— \ > e Scotiabank Colpatria* Bank Colombia © Scotia Securities S.A. Broker ° Fiduciaria Scotiabank Colpatria S.A. Trust X JW / 4 ) @ — Corporacién Mercaban de Costa Rica S.A. Holding @ Grupo BNS de Costa Rica S.A. Holding © Scotiabank de Costa Rica S.A
Slide 18: Significantly strengthening our presence (Colombia)
|_| Significantly strengthening our presence Size’ Market Share by Assets Davivienda Davivienda + BNS x Times 24.0% Assets 33.3 42.3 1.3 16.8% 13.1% 9% Gross Loans 24.9 31.6 13 1 0.8% Deposits 23.2 29.6 13 6.6% post 3.7% Equity 3.4 4.0 1.2 || Peer1 Davivienda Davivienda Peer3 Peer 4 Peer5 Scotiabank
Slide 19: Significantly strengthening our presence (Costa Rica)
|_| Significantly strengthening our presence Size* Market Share by Assets Davivienda Davivienda + BNS x Times 9 Assets 3.8 74 19 25.8% 18.5% 9, Gross Loans 24 5.1 21 17.2% 13.8% D it: 2.2 5.1 2.3 11.9% eposits - posit 6.3% 5.9% Equity 0.5 0.9 17 Peer1 Peer2 Peer3 Peer 4 L_| = Scotiabank +Scotiabank
Slide 20: Significantly strengthening our presence (Panama)
|_| Significantly strengthening our presence Size* Market Share by Assets Davivienda Davivienda + BNS x Times 12.0% Assets 17 49 28 10.2% 7.9%, Gross Loans 11 3.3 3.2 7.5% ox Deposits 15 43 2.9 em 27 °4.6%3 69 O° 3.5% 3.2% 9 6% Equity 0.2 0.4 21 7 fj | 2.5% 11% BGGee P1 P2 P3 P4 PS P6 P7 P8 P9 P10 P
Slide 21: Scotiabank Overview (Colombia)
I scotiabank Overview (Colombia) Footprint Customers 24M Branches 95 ATMs +600 Employees 5k 1 Balance Sheet Structure Assets Liabilities and Equity hand $9.1 100% $9.1 Cash at equivalents $0-3 Demand Investments $1.5 $0.3 Deposits $3.3 Term Gross Loans $6.7 Deposits $0.3 Bonds $0.6 Credits other $0.
Slide 22: Scotiabank Overview (Costa Rica)
|| Scotiabank Overview (Costa Rica) Customers 275K Branches 20 ATMs 172 Employees 1,397 1 Balance Sheet Structure Assets Liabilities and Equity $3.8 100% 100% $3.8 Cashand 596 equivalents 9 Demand Investments $0.4 $1.1 Deposits $1.8 Term — Gross Loans $2.7 Deposits $0.3 Credits Other $0.2 $0.6 Equit
Slide 23: Scotiabank Overview (Panama)
I scotiabank Overview (Panama) a Customers 112K NIM 2.12% Branches 11 CoR 0.19% ATMs 72 Cost-to-Income 71.89% Employees 681 Cost-to-Assets 1.78% ROAE 8.77% ROAA 0.40% 1 PDL>90 Days 2.24% Balance Sheet Structure Loan Mix Coverage 132.87% Assets Liabilities and Equity CET1 10.36% investments $0.2 $18
Slide 24: Scotiabank Overview (Colombia, Costa Rica and Panama)
|| Scotiabank Overview (Colombia, Costa Rica and Panama) a Footprint Customers 2.8M 5.45% Branches 126 CoR 3.15% ATMs +850 Cost-to-Income 62.95% Employees +7k Cost-to-Assets 4.49% ROAE -0.11% ROAA -0.01% PDL > 90 Days 1.84% 1 Oy Balance Sheet Structure . Coverage 47.02% Loan Mix CET1 10.86% Assets L
Slide 25: Pro-forma Figures
Wl Pro-forma Figures 1 2 USD Billion Davivienda Sep. 24 Pro Forma Sep. 24 USD Million Davivienda Sep. 24 * Pro Forma Sep. 247 Cash and Interbank 3.4 4.8 Financial Income 3,845.4 5,204.7 Net Investments 5.1 7A Financial Expenses 2,189.7 3,004.4 Gross Loans 33.7 45.5 FX Changes and Derivatives 29.9 30
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