Banco De Bogota Sa · BVC:BOGOTA
Banco De Bogota Sa — Q3 2015 Earnings Presentation
31 slides from Banco De Bogota Sa's earnings presentation, Dec 15, 2015
Slide 1: 3Q-2015 Consolidated Results Conference Call
3Q-2015 Consolidated Results Conference Call IFRS December 15, 2015 Investor Relations The IR Recognition granted by the Colombian Securities Exchange (Bolsa de Valores de Colombia S.A) is not a certification of the registered securities or the solvency of the issuer.
Slide 2: Disclaimer
Disclaimer Banco de Bogotá is an issuer of securities in Colombia. As a financial institution, the Bank, as well as its financial subsidiaries, is subject to inspection and surveillance from the Superintendency of Finance of Colombia. As an issuer of securities in Colombia, Banco de Bogotá is requir
Slide 3: Main Highlights (1/2)
Main Highlights (1/2) Banco de Bogotá’s performance in 3Q2015: a) All figures included in this presentation reflect IFRS accounting, according to standards applicable in Colombia, based on audited figures for June 2015 and non audited for the 2015 July-September quarter. b) The Bank had its first en
Slide 4: Main Highlights (2/2)
Main Highlights (2/2) l) Efficiency ratios in 3Q2015 are: • Cost to income ratio of 50.0%, Vs 45.0% in 3Q2014 and 44.3% in 2Q2015. • Operational expenses to average total assets ratio is 3.5% Vs 3.3% in 3Q2014 and 3.4% in 2Q2015. m) Net Income was COP 424.4 billion in 3Q2015, increasing 24.1% from 3
Slide 5: Macroeconomic Overview: Colombia (1/3)
Macroeconomic Overview: Colombia (1/3) GDP Growth (YoY %, QoQ %) GDP Growth Expectations (YoY %) 10% 5.1 QoQ % YoY % 8% 4.6 6% 4.1 4% 3.2% 3.6 2% 3.1 0% 2.6 May-14 May-15 Nov-14 Nov-15 Jul-14 Sep-14 Jul-15 Sep-15 Mar-14 Mar-15 Jan-14 Jan-15 -2% Sep-06 Sep-09 Sep-12 Sep-15 2015E 2016E Souce: DANE. So
Slide 6: Macroeconomic Overview: Colombia (2/3)
Macroeconomic Overview: Colombia (2/3) Inflation (YoY %) 7.5 6.4 6.5 5.5 4.7 4.4 4.5 4.0 3.4 3.7 3.5 2.8 2.7 2.0 1.8 2.5 1.5 Nov-11 Feb-12 Aug-12 Nov-12 Feb-13 Aug-13 Nov-13 Feb-14 Aug-14 Nov-14 Feb-15 Aug-15 Nov-15 May-12 May-13 May-14 May-15 12 month inflation Range Source: DANE. Central Bank’s Mo
Slide 7: Macroeconomic Overview: Colombia (3/3)
Macroeconomic Overview: Colombia (3/3) Colombian Peso Vs WTI (US$/Barrel) COP vs. Emerging Markets Currencies 3,400 120 $3,350 3,200 110 100 3,000 90 2,800 80 2,600 70 2,400 60 50 2,200 40 2,000 USD36 30 1,800 20 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Dec-15 Exchange rate (USD/COP) WTI oil (USD/b
Slide 8: Macroeconomic Overview: Central America (1/2)
Macroeconomic Overview: Central America (1/2) GDP Growth (YoY %) Central Banks’ Interest Rates 2014 2015 E 10 7.0 Costa Rica Guatemala Honduras 6.2 6.0 6.0 8 5.0 4.7 4.2 4.1 3.9 4.0 3.8 4.0 3.5 3.5 6 3.1 3.0 3.0 2.3 2.0 2.0 4 1.0 - 2 oct.-10 oct.-11 oct.-12 oct.-13 oct.-14 oct.-15 ES HO CR GU CENAM
Slide 9: Macroeconomic Overview: Central America (2/2)
Macroeconomic Overview: Central America (2/2) Inflation 5.9 Oct-15 3.1 2.2 2.5 0.7 -0.2 -0.5 -0.9 GU HO ES NI CR PA CA CO Exchange Rate – Index ( Jan 2009=100) 150 140 130 120 110 100 90 80 70 60 May-13 Aug-09 Nov-10 Apr-11 Aug-14 Nov-15 Sep-11 Feb-12 Jul-12 Mar-09 Dec-12 Mar-14 Jan-10 Jun-10 Oct-13
Slide 10: Balance Sheet Structure - Consolidated
Balance Sheet Structure - Consolidated Growth excl. Depreciation of COP Total Assets (Trillion COP) 3Q15/3Q14: 14.4% 3Q15/3Q14: 31.3% 3Q15/2Q15: 10.9% 3Q15/2Q15: 4.3% 149.0 134.4 113.5 3Q-14 2Q-15 3Q-15 Assets Breakdown 3Q-14 2Q-15 3Q-15 Foreign Foreign Foreign Operation (1) Operation (1) Operation
Slide 11: Balance Sheet Structure – Colombia
Balance Sheet Structure – Colombia (1) Total Assets (Trillion COP) 3Q15/3Q14: 15.9% 3Q15/2Q15: 5.7% 83.7 88.5 76.4 3Q-14 2Q-15 3Q-15 Assets Breakdown 3Q-14 2Q-15 3Q-15 0.0% 25.2% 25.8% 30.0% 2.4% 59.1% 58.7% 55.2% 2.5% 2.8% 13.3% 13.0% 12.0% Loans and Leases, Net Fixed Income Investments Equity Inve
Slide 12: Balance Sheet Structure – Central America
Balance Sheet Structure – Central America (1) Growth excl. Depreciation of COP Total Assets (Trillion COP) 3Q15/3Q14: 6.8% 3Q15/3Q14: 63.0% 3Q15/2Q15: 0.6% 3Q15/2Q15: 19.4% 60.6 50.7 37.1 3Q-14 2Q-15 3Q-15 Assets Breakdown 3Q-14 2Q-15 3Q-15 28.1% 27.4% 26.6% 10.3% 61.5% 9.9% 62.7% 8.7% 64.8% Loans a
Slide 13: Loan Portfolio Breakdown by Business Segment - Consolidated
Loan Portfolio Breakdown by Business Segment - Consolidated Gross Loan Portfolio (COP Trillion) Growth excl. Depreciation of COP 3Q15/3Q14: 39.8% 3Q15/3Q14: 18.1% 3Q15/2Q15: 12.0% 93.2 3Q15/2Q15: 4.4% 83.2 66.7 3Q-14 2Q-15 3Q-15 Gross Loan Portfolio Breakdown (COP Trillion) Growth Excl. 93.2 Growth
Slide 14: Loan Portfolio Breakdown by Business Segment – Banco de Bogotá in Colombia
Loan Portfolio Breakdown by Business Segment – Banco de Bogotá in Colombia Gross Loan Portfolio (COP Trillion) 3Q15/3Q14: 20.0% 3Q15/2Q15: 5.1% 47.2 49.6 41.3 3Q-14 2Q-15 3Q-15 Gross Loan Portfolio Breakdown (COP Trillion) Growth (%) 3Q15/3Q14 47.2 49.6 Microcredit 0.8% Microcredit 8.7% 3.7% Mortgag
Slide 15: Loan Portfolio Breakdown by Business Segment – Central America
Loan portfolio Breakdown by Business Segment – Central America (1) Gross Loan Porfolio (COP Trillion) Growth excl. Depreciation of COP 3Q15/3Q14: 12.2% 3Q15/3Q14: 71.3% 3Q15/2Q15: 3.9% 3Q15/2Q15: 23.4% 39.7 32.2 23.2 3Q-14 2Q-15 3Q-15 Gross Loan Portfolio Breakdown (COP Trillion) Growth Excl. Deprec
Slide 16: Loan Portfolio Quality (1/5) – Consolidated
Loan Portfolio Quality (1/5) – Consolidated 30 days PDLs/ Gross Loans Cost of Risk (2) NPLs (1)/ Gross Loans 30 days PDLs / Gross Loans NPLs / Gross Loans Net Loan Provision Expenses / Average Loans Loan Provision Expenses / Average Loans 2.5% 2.4% 2.3% 1.8% 1.7% 1.6% 1.6% 1.6% 1.5% 1.7% 1.7% 1.6% 3
Slide 17: Loan Portfolio Quality (2/5) – Banco de Bogotá in Colombia
Loan Portfolio Quality (2/5) – Banco de Bogotá in Colombia 30 days PDLs/ Gross Loans Cost of Risk (2) NPLs (1)/ Gross Loans 30 days PDLs / Gross Loans NPLs / Gross Loans Net Loan Provision Expenses / Average Loans Loan Provision Expenses / Average Loans 2.4% 2.4% 2.3% 1.8% 1.7% 1.6% 1.8% 1.8% 1.7% 1
Slide 18: Loan Portfolio Quality (3/5) – Central America
Loan Portfolio Quality (3/5) – Central America 30 days PDLs/ Gross Loans Cost of Risk (2) NPLs (1)/ Gross Loans 30 days PDLs / Gross Loans NPLs / Gross Loans Net Loan provision Expenses / Average Loans Loan provision Expenses / Average Loans 2.5% 2.3% 2.2% 1.7% 1.5% 1.6% 1.7% 1.5% 1.6% 1.6% 1.4% 1.4
Slide 19: Loan Portfolio Quality (4/5) – Consolidated
Loan Portfolio Quality (4/5) – Consolidated 30 days PDLs NPLs (1) 3Q-14 2Q-15 3Q-15 3Q-14 2Q-15 3Q-15 Commercial 1.6% 1.6% 1.6% 1.2% 1.1% 1.1% Consumer 4.6% 4.5% 4.2% 3.1% 3.0% 2.8% Mortgage 2.5% 2.2% 2.3% 1.7% 1.5% 1.5% Microcredit 10.0% 10.0% 9.4% 10.0% 10.0% 9.4% Total Loans 2.5% 2.4% 2.3% 1.7% 1
Slide 20: Loan Portfolio Quality (5/5) – Colombia and Central America
Loan Portfolio Quality (5/5) – Banco de Bogotá in Colombia and Central America Banco de Bogotá in Colombia 30 days PDLs NPLs (1) 3Q-14 2Q-15 3Q-15 3Q-14 2Q-15 3Q-15 Commercial 1.6% 1.6% 1.7% 1.3% 1.3% 1.3% Consumer 5.3% 5.6% 4.9% 3.8% 3.9% 3.4% Mortgage 1.0% 1.6% 1.7% 0.6% 0.8% 1.1% Microcredit 10.0
Slide 21: Funding - Consolidated
Funding - Consolidated Funding (COP Trillion) Deposits (COP Trillion) 3Q15/3Q14: 12.0% 3Q15/3Q14: 7.7% Growth excl. Depreciation of COP Growth excl. Depreciation of COP 3Q15/2Q15: 3.9% 3Q15/2Q15: 1.8% Deposits Borrowings from Banks and others Time Deposits Saving Accounts Checking Accounts Others In
Slide 22: Funding - Banco de Bogotá in Colombia
Funding - Banco de Bogotá in Colombia Funding (COP Trillion) Deposits (COP Trillion) Deposits Borrowings from Banks and others Interbank & Overnight Bonds Time Deposits Saving Accounts Checking Accounts Others 3Q15/3Q14: 4.1% 3Q15/3Q14: 11.8% 3Q15/2Q15: 5.8% 3Q15/2Q15: 1.0% 54.8 57.9 51.8 45.0 45.4
Slide 23: Funding – Central America
Funding – Central America (1) Funding (COP Trillion) Deposits (COP Trillion) 3Q15/3Q14: 6.3% Growth excl. Depreciation of COP 3Q15/3Q14: 6.8% Growth excl. Depreciation of COP 3Q15/2Q15: 0.3% 3Q15/2Q15: 1.0% Deposits Borrowings from Banks and others Interbank and Overnight Bonds Time Deposits Saving
Slide 24: Equity and Capital Adequacy
Equity and Capital Adequacy Total Equity (1) (COP Trillion) Shareholders ‘ Equity (COP Trillion) Shareholders' Equity Non-controlling interest 3Q15/3Q14: 26.6% 3Q15/3Q14: 21.3% 3Q15/2Q15: 0.6% 3Q15/2Q15: 0.8% 11.6 11.6 9.2 15.5 15.6 12.9 3.9 4.0 3.7 11.6 11.6 3Q-14 2Q-15 3Q-15 9.2 Shareholders’ Equi
Slide 25: Capital Adequacy – Main Subsidiaries
Capital Adequacy – Main Subsidiaries Banco de Bogotá in Colombia Corficolombiana Central America Tier I Tier II Tier I Tier II Tier I Tier II 27.4% 29.1% 3.5% 4.2% 17.5% 17.7% 12.3% 13.8% 4.9% 3.9% 0.1% 23.9% 24.9% 0.2% 12.6% 13.8% 12.1% 13.7% September 2014 September 2015 September 2014 September 2
Slide 26: Net Interest Margin
Net Interest Margin Quarterly Net Interest Margin Net Interest Income (Billion COP) Growth Rate 3Q-14 2Q-15 3Q-15 3Q15/3Q14 3Q15/2Q15 1,051.0 1,214.3 1,279.2 21.7% 5.3% Net Interest Margin on Investments (1) Net Interest Margin on Loans (2) Net Interest Margin (3) 6.2% 6.1% 6.1% 6.0% 6.1% 5.3% 5.4%
Slide 27: Net Income from Fees and Other Operating Income
Net Income from Fees and Other Operating Income Net Fees (COP Billion) (1) Fee Income Breakdown, 3Q-2015 3Q-15: COP 902 Billion 3Q15/3Q14: 32.1% 3Q15/2Q15: 11.9% 815.4 Fiduciary Others (2) 729.0 Activities 5.6% Banking 617.4 4.8% Services 40.1% Pension Plan Management 22.3% Credit and Debit 3Q-14 2Q
Slide 28: Consolidated Efficiency
Consolidated Efficiency Efficiency Ratio (1) 50.0% 45.0% 44.3% 3Q-14 2Q-15 3Q-15 Operating Expenses / Average Assets (2) 3.3% 3.4% 3.5% 3Q-14 2Q-15 3Q-15 1/ Operating Expenses before Depreciation & Amortization / Total Operating Income before Provisions. 2/ Operating Expenses before Depreciation & A
Slide 29: Efficiency – Banco de Bogotá in Colombia & Central America
Efficiency – Banco de Bogotá in Colombia & Central America Efficiency – Banco de Bogotá in Colombia (1) 37.9% 36.7% 35.4% 3Q-14 2Q-15 3Q-15 Efficiency – Central America (1) 57.3% 55.8% 55.5% 3Q-14 2Q-15 3Q-15 1/ Operating Expenses before Depreciation & Amortization / Total Operating Income before Pr
Slide 30: Net Income and Profitability
Net Income and Profitability (COP Billion) Net Income (COP Billion) 3Q15/3Q14: 24.1% 3Q15/2Q15: -14.5% 479.4 424.4 342.1 3Q-14 2Q-15 3Q-15 ROAA (1) 1.9% 2.1% 1.6% ROAE (2) 15.1% 17.3% 14.3% (1) Net Profit Attributable to Shareholders for the period, annualized / Average Assets for the period. (2) Ne
Slide 31: Contact Information
María Luisa Rojas Giraldo Martha Inés Caballero Leclercq Contact Information Vicepresidente Financiero Gerente de Relación con el Inversionista Tel.: (571) 338 3415 Tel.: (571) 332 0032 Ext. 1467 mrojas@bancodebogota.com.co mcabal1@bancodebogota.com.co www.bancodebogota.com 31