Grupo Cibest S.a. · BVC:CIBEST
Grupo Cibest — Investor Day (November 2025)
16 slides from Grupo Cibest's investor day presentation, November 2025
Slide 1: Grupo Cibest: The investment thesis
Grupo Cibest The investment thesis SURA Group Relevantbehind financial group inGrupo Latin Cibest America
Slide 2: A story of growth, innovation and success
A story of growth, innovation and success Organic growth The Bank of Colombia International License ADR listed on Corporate is founded in Panama NYSE Evolution 1875 1973 1995 2025 1998 2005 2007 2012 2013 2015 2019 1945 BIC acquires the Merger between Bancolombia acquires Acquisition of the Acquisit
Slide 3: Shareholder structure
2025 Shareholder structure* Other local shareholders 13% Other local shareholders ADR program** 28% 25% Other international shareholders Common Preferred 18% shares shares 47% 53% 47% Colombian Other international pensión funds shareholders 22% Colombian pensión funds 25% 22% Other local shareholder
Slide 4: New corporate structure under Grupo Cibest
New corporate structure under Grupo Cibest Main metrics – 2Q25 Shareholders Clients: Employees: +33 million 33,993 100.0% 100.0% 97.4% 99.7% 100.0% 100.0% 100.0% 98.8% 100.0% 100.0% 80.5% Fiduciaria Fondo Inmobiliario Panama Puerto Rico Valores Banca de inversión Colombia Assets Liabilities Equity*
Slide 5: Investment Thesis
Investment Thesis Regional Development of Value financial scalable business creation group models We are a regional financial group We operate a flexible corporate structure We are a systemic player with access to with a focus on the client that that enables the strategic allocation of customer info
Slide 6: Strategic Business Model
Strategic Business Model More than 617 thousand individual and corporate customers. Guatemala More than 21 thousand active users. It has a market share of 10% in the El Salvador gross portfolio and 8% in deposits. Payment orchestrator that drives online, in-store, and payment sales, allowing busines
Slide 7: Corporate Business Network
2025 Corporate Business Network Channel figures – 2Q25 Banking Banking Digital customers: App Bancolombia: 9.4M - Nequi: 25.5 M Intermediation and transactional 61% services Panama Panama $ 7 Tn* 18% Digital transactions**: $ 2.11 Tn* 3.2 Billion Atms: 6,105 Branches: Treasury and Capital Asset Mana
Slide 8: Share of equity and profitability by main entities
Share of equity and profitability by main entities * % Share of assets % Share in equity 7% 7% Net Income Net Income Net Income Net Income COP 1,356 48% COP 99 COP 33 COP 139 ROE 11% ROE 8% ROE ROE 26.3%*** 66% 8.5% 6.0% 7% 20.0% 12% ** Figures in billions as of Q2 2025. Bam refers to Grupo Agromerc
Slide 9: Competitive advantage to adjust to cycles and preserve long-term profitability
Competitive advantage to adjust to cycles and preserve long -term profitability 1 Attracting stable, low -cost deposits and generating commission income Exponential growth in customers 3 + Digital evolution 2 More robust credit risk models that = Greater flexibility for NIM allow better estimation o
Slide 10: Customers and monetary transactions; Advantage in deposit costs
Customers and monetary transactions Market share of monetary transactions 7,675 9,000 81% 50.0 80% 80% 5,997 7,000 40.0 4,184 5,000 3,334 2,339 3,000 30.0 1,445 1,661 63% 30.7 29.0 28.3 1,000 20.0 25.9 56% 57% 22.0 -1,000 52% 10.0 15.2 12.9 -3,000 0.0 -5,000 2019 2020 2021 2022 2023 2024 2T25 2Q25 2
Slide 11: Commission income; ICV +90 days
Commission income 1,499,734 1,433,296 1,302,425 1,132,186 890,970 794,813 732,164 2Q19 2T19 2Q20 2T20 2Q21 2T21 2Q22 2T22 2Q23 2T23 2Q24 2T24 2Q25 2T25 COP MillIon ICV +90 days 4.4% 4.2% 4.0% 3.5% 2.8% 2.9% 3.1% 2.5% jun-22 jun-23 jun-24 may-25 Bancolombia Competitor A Davivienda Source: Financial S
Slide 12: Our business model encourages the growth of other sources of revenue
Our business model encourages the growth of other sources of revenue and reinforces our value proposition and competitive advantage. 70.0 1,833 CAGR: 11% 1,900 1,440 1,700 60.0 1,427 1,255 1,500 50.0 1,075 1,300 1,100 40.0 Active Users Usuarios (Millions) Activos (Millones) 30.0 CAGR: 5% 900 18.3 20
Slide 13: #ATuRitmo
Users and activity Loans Deposits 40.0 85.0% 79.2% +370% +77% 35.0 78.0% 80.0% 76.7% 1,400 75.5% 6.0 5.6 30.0 1,178 72.9% 1,200 75.0% 25.5 5.0 25.0 23.5 1,000 4.4 4.4 20.5 21.4 70.0% 860 20.1 4.0 800 20.0 3.2 3.2 65.0% 595 3.0 600 15.0 406 2.0 60.0% 400 10.0 250 200 1.0 55.0% 5.0 - 0.0 0.0 50.0% 2T2
Slide 14: Our Guidance 2025
Our Guidance 2025 Loan growth About 5.4% NIM About 6.3% CoR 1.6%-1.8% Efficiency About 51% ROE About 16% GDP Growth: 2.6% Macroeconomic Assumptions Inflation Rate: 5.1% 2025 Central Bank Policy Rate: 8.25%
Slide 15: Price evolution CIBEST and PFCIBEST
Price evolution CIBEST Y PFCIBEST Apr 23: E. Shareholders' Meeting CIBEST: COP $52,100 Jul 16: Start of buyback program PFCIBEST : COP $44,500 CIBEST: COP $52,500 PFCIBEST : COP $43,300 65,000 Oct 29: Announcement Grupo Cibest 60,000 62,000 CIBEST: COP $37,060 PFCIBEST : COP $34,160 2,600 55,000 50,
Slide 16: Shareholder return; Valuation
Shareholder return Annual growth in ordinary + extraordinary 73% dividends : 27.97% 80% 70% 60% 56% 60% 50% 50% 40% 30% 20% 4,524 4,249 3,120 7,053 3,535 6,360 3,535 6,516 3,900 624 10% 0% 2021 2022 2023 2024** 2024 2024** Earningspor Utilidad per Acción share Dividends per Dividendos porshare Acció