Banco Davivienda SA · BVC:PFDAVVNDA
Banco Davivienda SA — Davivienda — 4Q24 Earnings Presentation
26 slides from Banco Davivienda SA's earnings presentation, February 2025
Slide 1: Davivienda Consolidated Financial Results 4Q24
Davivienda Consolidated Financial Results 4Q24
Slide 2: Disclaimer and forward-looking statements
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) Monetary Policy Rate, Inflation and Funding Rate Dec. 23 Dec. 24 Term Deposits 360 Days Dec. 23 13.42% 9.76% 10.8% MPR Inflation 13.00% 9.50% 7.3% 9.28% 5.20% 2.6% 3.2% 9.97%* 1.4% 0.7% 1.7% 9.50%* 5.22%** -7.2% 2017 2018 2019 2020 2021
Slide 4: Financial System Colombia
Financial System Colombia System Loan Portfolio Interest Rates on Loans Apr. 23 47.1% (Annual Growth) Dec. 23 Dec. 24 (4-week moving average) 37.6% 31.2% Cap Rate1 26.4%* 11.8% 18.7% 7.7% Consumer 19.5%* 9.6% Mortgage 7.9%* 14.0% Total 14.5%* 6.2% Commercial 5.7%* 11.0% Commercial 12.6%* 2.7% 9.7% 3
Slide 5: Macroeconomic Fundamentals CAM
Macroeconomic Fundamentals CAM 2023 2024 Quarterly Quarterly Gross Domestic Product (Y/Y) Average Average Inflation (Y/Y) 7.6% Costa Rica 5.0% 4.3% Honduras 3.6% 2.9%* 3.5% Panamá 4.2% 2.0%* El Salvador Honduras 4.1% 4.7% 5.2% 1.6%* 3.9% 3.6% 2.6% 1.9% Costa Rica 2.4% 2.0% 1.2% 0.8% 0.5% El Salvador
Slide 6: 4Q24 Main Financial Results
4Q24 Main Financial Results Margins & Cost of Risk Margins have recovered as a $145.5 Gross Loans result of liabilities repricing and Tn Q/Q: +3.3% Y/Y: +7.0% our strategies of interest rate risk management. 5.65% 12M NIM FX&D Provision expenses continue Q/Q: +1 bps Y/Y: +17 bps to decrease, in line
Slide 7: Progress in our Digital Strategy
Progress in our Digital Strategy In 2024, we consolidated our Super APP for Individuals which allowed us to enhance our growth capabilities… Mobile Accounts1 Mobile Term Deposits Digital Disbursements2 +685k +160K COP 9.6 Tn. 13% Y/Y stock growth 30% Y/Y digital term 11% Y/Y deposits opened Digital
Slide 8: Daviplata, our Native Digital Bank
Daviplata, our Native Digital Bank Customer Base Low-Amount Deposits (Million) (COP Billion) 7% 15% Y/Y Key differentiators Y/Y 14% Y/Y Service Our service is reliable and always on-demand. NPS 2024 Rating 78.4 4.80 4.73 With Products DaviPlata as Common with End of Monthly in the Sector Only Product
Slide 9: Results of our Sustainable Strategy
Results of our Sustainable Strategy Sustainable Loan Portfolio1 (COP Trillion) Our strong ESG practices demonstrate our commitment to delivering long term value to our stakeholders. 44% Y/Y Strengths Sustainable Financing 43% Climate Strategy Y/Y Financial Inclusion 42% Y/Y We published a new Policy
Slide 10: Our Strategic Focuses
Our Strategic Focuses Davivienda, an innovative bank regionally recognized for its Service Model Selective Growth Strategy Experience Low-cost funding Regain dynamics in all business Improve the day-to-day relationship Continue to increase lines, while prudently allocating with our customers, develo
Slide 11: Integration of Scotiabank operations
Integration of Scotiabank operations The strategic rationale… Provides operational leverage Complements our value offering Increased scale, translating into efficiency Added knowledge and capabilities across opportunities. An increased customer base several segments. Enables us to provide an to deepen
Slide 12: Balance Sheet - Assets
Activo Balance Sheet - Assets By Operation1 Q/Q Y/Y Cash 26.7% 0.1% Assets Q/Q Y/Y Net Investments 1.2% 12.3% Colombia 3.2% 2.8% Gross Loans 3.3% 7.0% COP 9.3% 21.2% CAM Loan Loss Reserves -1.6% -9.0% USD 3.6% 5.1% Others 0.6% 6.3% Assets 4.9% 7.4% Figures in COP Trillion Ex. FX Impact* 2.7% 1.6% Th
Slide 13: 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* 136.0 135.6 139.6 140.8 145.5 Q/Q Y/Y Q/Q Y/Y Commercial 4.9% 15.4% 4.0% 12.6% Consumer 0.6% -8.1% 0.3% -9.1% Mortgage 3.1% 8.8% 2.9% 8.1% Gross Loans 3.3% 7.0% 1.6% 2.6% Figures in COP Tril
Slide 14: Balance Sheet - Credit Risk Management
Balance Sheet - Credit Risk Management Total PDL & Coverage1 Coverage + Collaterals3 2 3 PDL by Segment Coverage1 1. Coverage: Loan Loss Reserves / Loans > 90 days 2. Total >120: (Mortgage > 120 days + Commercial > 90 days + Consumer > 90 days) / Gross Loans 3. Coverage + Collaterals = (Loan Loss Re
Slide 15: Evolution of Credit Risk - Consumer Portfolio
Evolution of Credit Risk - Consumer Portfolio Disbursements Loan Mix (%) (Trillion COP) Consumer Ex. Credit Card Credit Card Unsecured Personal Loans Payroll Credit Card Vehicle Revolving Loans Jan. 21 Vintages Net Provision Expenses 6% 4% PDL > 30 Days 2% Disbursement Date 1Q21 2Q21 3Q21 4Q21 1Q22
Slide 16: Balance Sheet - Credit Risk Management
Balance Sheet - Credit Risk Management CoR1 & Provision Expenses 4Q24 Accumulated $ Q/Q $ Y/Y Provision Expenses 901 -14.6% 5,196 -12.2% Loans by Stages Coverage by Stages Figures in COP Billion. The average rate COP/USD depreciated by 2.3% Q/Q and appreciated by 5.8% Y/Y 1. Cost of Risk = Provision
Slide 17: Balance Sheet - Funding Sources and Liquidity
Balance Sheet - Funding Sources and Liquidity Funding Sources ($) Funding Ratios Q/Q Y/Y 4.6% 7.3% 4.2% -1.8% -1.6% -11.2% 0.6% 17.6% 10.6% 3.6% 1 Funding Mix (%) Liquidity Ratios Demand Deposits 2 3 Figures in COP Trillion. The closing rate COP/USD depreciated by 5.5% Q/Q and 15.4% Y/Y 2. Liquidity
Slide 18: Balance Sheet - Capital Structure
Balance Sheet - Capital Structure Capital Adequacy Ratios CET1 7.0% 1 Equity & RWAs2 Leverage Ratio 4Q24 Q/Q Y/Y Accounting Equity 16.2 3.0% 9.5% Common Equity Tier 1 14.2 3.5% 8.3% Additional Tier 1 2.2 3.9% 15.6% Total Technical Capital 20.2 3.6% 8.6% RWAs 129.7 -1.9% 1.4% Credit Risk 113.5 3.0% 3
Slide 19: P&L - Financial Margin
P&L - Financial Margin 4Q24 Accumulated Gross Financial Margin $ Q/Q $ Y/Y Loan Income 4,271 -1.0% 17,812 -10.0% Investment and Interbank Income 514 -19.5% 2,278 -10.6% Financial Income 4,785 -3.4% 20,090 -10.0% Financial Expenses 2,699 -2.6% 11,415 -12.5% Gross Financial Margin 2,086 -4.3% 8,675 -6
Slide 20: P&L - Non Financial Income & Operating Expenses
P&L - Non Financial Income & Operating Expenses 4Q24 Accumulated 4Q24 Accumulated $ Q/Q $ Y/Y $ Q/Q $ Y/Y Fee Income 539 14.4% 1,976 4.3% Personnel Expenses 615 -1.5% 2,497 8.0% Other Net Income & Expenses 70 -16.7% 404 38.9% Operating Expenses and Others 1,042 19.2% 3,676 1.3% Non Financial Income
Slide 21: P&L - Net Profit
P&L - Net Profit 4Q24 Accumulated Net Profit2 $ Q/Q $ Y/Y Gross Financial Margin 2,086 -4.3% 8,675 -6.6% Provision Expenses 901 -14.6% 5,196 -12.2% Net Financial Margin 1,185 5.4% 3,480 3.1% FX Changes, Derivatives 130 696.4% 249 -140.7% Non Financial Income1 609 9.7% 2,380 9.0% Operating Expenses 1,6
Slide 22: 2025 Expectations
2025 Expectations 2023 2024 E 2024 2025 E (Previous / Nov.24) (Current) (Feb. 25) Growth -6.1% Δ Y/Y 5% - 7% Δ Y/Y 7.0% Δ Y/Y 6% - 8% Loan Portfolio PDL > 90 4.94% 4.0% - 4.5% 4.41% 3.5% - 4.0% NIM 5.48% 5.7% - 6.0% 5.65% 5.6% - 5.8% Cost of Risk 4.35% 3.5% - 3.8% 3.57% 2.4% - 2.6% Profitability Non
Slide 23: Investor Relations
Investor Relations ir.davivienda.com ir@davivienda.com + 57 (601) 220 3495 Bogota - Colombia
Slide 24: Appendix
Appendix B DNAVIVIENDN
Slide 25: 2024 Main Results of our Business Lines
2024 Main Results of our Business Lines Retail Mortgage Consumer 1 26.2% Market Share by Gross Loans COP 21Tn. 10% y/y 3 Ranking Market Share Credit Card Billing 6.5% 5 15.1% 2 14.2% 6 Commercial 7.7% 4 13.4% Y/Y Emprende País Mujer, Gross Loans our program to boost 1.2% SMEs led by women Central Am
Slide 26: DaviPlata, our Native Digital Bank
DaviPlata, our Native Digital Bank Cross-Selling Results Daviplata’s Credits1 DaviPlata / Davivienda (COP Billion) 6% Y/Y 21% Y/Y -22% Y/Y -14% Y/Y Active Users CAC Customer Service (30 Days) (12 Months) 7.3pts Y/Y 26% Y/Y -4 pp Y/Y 34% 0.5pts Y/Y Y/Y 2 1. Daviplata’s Credits include Nanocredits and