Banco De Bogota Sa · BVC:BOGOTA
Banco De Bogota Sa — XV Andean Investor Conference 2017
23 slides from Banco De Bogota Sa's conference presentation, September 2017
Slide 1: Investor Presentation – XV Andean Investor Conference
Investor Presentation XV Andean Investor Conference Credicorp Capital September 27th and 28th, 2017 The Issuers Recognition IR granted by the Colombian Stock Exchange is not a certification about the quality of the securities listed at the BVC nor 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: Macroeconomic Context - Colombia (1/3)
Macroeconomic Context - Colombia (1/3) GDP (YoY %, quarterly) Annual GDP growth by sector (YoY %) 2014 2015 2016 2017e 2018e GDP 1.3% 4.6% 3.1% 2.0% 1.8% 2.5% 2.5% 8% Agriculture 4.4% 0.8% Oil and Mining -6.0% -6.9% 6% -3.3% Industry 5.5% Electricity, gas and water 1.2% 4% 2016 -0.6% 2.0% Constructi
Slide 4: Macroeconomic Context - Colombia (2/3)
Macroeconomic Context - Colombia (2/3) Total and core(1) inflation (YoY%) Market-based inflation expectations – BEI(2) (%) 10% 5% Headline inflation (1) Core inflation 4 8% 4% 3.3% Headline inflation 3.0% 6% 2014 2015 2016 2017e 2018e 3% 3.7% 6.8% 5.8% 4.2% 3.4% 2.8% 4.9% 4% 2% 3.4% 2% 1% BEI 2Y BEI
Slide 5: Macroeconomic Context - Colombia (3/3)
Macroeconomic Context - Colombia (3/3) Current Account (% GDP, quarterly) Trade balance (USD M, % GDP, monthly) 6% Current account 1,500 -USD832 M 4% 2014 2015 2016 2017e 4% -3.2% GDP -5.2% -6.4% -4.4% -4.0% 1,000 2% 2% 1.9% 0% 500 0% -2.8% -2% -0.9% 0 -2% -4% -4.4% -6% -2.7% -500 -4% -8% -1,000 -6%
Slide 6: Macroeconomic Context – Central America
Macroeconomic Context – Central America GDP (YoY%) Inflation (YoY) 6% 5.8% CR ES GU HO NI PA CENAM 2016 2017e 8% 5.0% 5% 4.7% 4.3% 4.5% 6% 4.0% 3.9%4.0% 4% 3.6% 3.4% 4.4% 3.3% 4% 3.7% 3.0% 3.1% 3% 3.0% 2.4% 2.3% 2% 1.8% 0.9% 2% 0.7% 0% 1% -2% 0% -4% ES GU HO CR Cenam NI PA Jun-14 Jun-15 Jun-16 Jun-1
Slide 7: Business Overview
Business Overview Key Facts Principal Subsidiaries and Investments Founded in 1870, Banco de Bogotá is Colombia’s oldest financial institution and the principal subsidiary of Grupo Aval, the leading Principal Subsidiaries of Banco de Bogotá financial group in Colombia Current shareholding struct
Slide 8: Significant player in a competitive Colombian market
Significant player in a competitive Colombian market As of June 2017 Total Assets Net Loans (1) System: USD$187.1 bn System: USD$127.0 bn 26.2% 25.1% 26.1% 25.5% 14.4% 13.5% 14.7% 13.1% 9.5% 10.1% Categoría 1 Categoría 1 Deposits 1/ Net Income 2017 (6 months) System: USD$116.7 bn System: USD$1.3 bn
Slide 9: BAC is market leader in Central America at June 2017
BAC is market leader in Central America at June 2017 Total Assets 1/ Net Loans 1/ System: US$233.8 bn System: US$145.7 bn 9.8% 9.3% 8.8% 7.8% 7.2% 7.5% 6.5% 5.7% 5.0% 4.2% Bac Bancolombia Banco General BI Scotiabank Bac Bancolombia Banco General BI Scotiabank Deposits 1/ Net Income (6 months) 1/ Sys
Slide 10: BAC Market Share in Central America at June 2017
BAC Market Share in Central America at June 2017 Total Assets Net Loans System: US$232.5 bn System: US$144.4 bn 5.7% 11.8% 13.3% 5.5% 7.6% 10.2% 14.5% 5,538 3,870 5,438 3,560 13.4% 13.6% 14.7% 2,499 23.4% 25.6% 3,381 2,954 2,292 1,542 1,526 1,226 1,745 Panamá Costa Rica Guatemala Honduras El Salvado
Slide 11: 2017 Second Quarter Performance Highlights
2017 Second Quarter Performance Highlights Attributable Net Income for the period was USD $157.9 million which represented a 17.1% decrease versus 2Q16. Key Metrics Commentary • ROAA: 1.5% / ROAE: 11.9% • ROAA decreased 40bps. ROAE decreased 300bps • Net Interest Margin: 6.1% • NIM increased 30bps f
Slide 12: Consolidated Balance Sheet Structure
Consolidated Balance Sheet Structure Figures in USD. Billions Total Assets 2Q17/2Q16: 9.5% 2Q17/1Q17: 1.5% 43.7 47.2 47.9 2Q-16 1Q-17 2Q-17 Assets Breakdown 2Q-16 1Q-17 2Q-17 19.5% 20.7% 19.2% 3.3% 3.2% 3.2% 8.5% 8.2% 8.5% 68.7% 67.5% 69.4% Colombian 55.3% 55.6% 53.7% Operation (1) Foreign Operation
Slide 13: Consolidated Loan Portfolio Breakdown by Business Segment
Consolidated Loan Portfolio Breakdown by Business Segment Figures in USD. Billions Gross Loan Portfolio 2Q17/2Q16: 9.4% 2Q17/1Q17: 3.9% 31.6 32.8 30.0 2Q-16 1Q-17 2Q-17 Gross Loan Portfolio Breakdown Commercial Consumer Mortgage Microcredit Growth Growth 31.6 32.8 (%) (%) 0.4 % 30.0 0.4% 11.7% 0.4%
Slide 14: Loan Portfolio Quality (1/3) – Consolidated
Loan Portfolio Quality (1/3) – Consolidated 30 days PDLs/ Gross Loans Cost of Risk (1) 90 days PDLs / Gross Loans Provision loss (net of recoveries of charged-off assets) / Average Loans 30 days PDLs / Gross Loans 90 days PDLs / Gross Loans Provision loss / Average Loans Excluding Electricaribe (2)
Slide 15: Loan Portfolio Quality (2/3) – Colombia and Central America
Loan Portfolio Quality (2/3) – Colombia (1) and Central America Colombia COP Central America USD 2Q-16 1Q-17 2Q-17 2Q-16 1Q-17 2Q-17 Delinquency Ratio 30 day PDLS / Gross Loans 2.9% 4.0% 4.2% 2.3% 2.4% 2.5% Excluding Electricaribe 3.3% 3.5% 90 day PDLS / Gross Loans 2.0% 2.8% 3.2% 1.0% 1.1% 1.2% Exc
Slide 16: Loan Portfolio Quality (3/3) – Consolidated
Loan Portfolio Quality (3/3) – Consolidated 30 days PDLs 90 days PDLs 2Q-16 1Q-17 2Q-17 2Q-16 1Q-17 2Q-17 Commercial 1.9% 2.7% 2.7% 1.4% 2.1% 2.4% Excluding Electricaribe (1) 2.1% 2.1% 1.6% 1.7% Consumer 4.6% 4.7% 5.1% 2.1% 2.1% 2.5% Mortgage 2.3% 2.7% 2.8% 1.1% 1.2% 1.5% Microcredit 12.6% 14.6% 15.
Slide 17: Consolidated Funding
Consolidated Funding Figures in USD. Billions Total Funding Total Deposits 2Q17/2Q16: 9.5% 2Q17/2Q16: 12.1% 2Q17/1Q17: 1.6% 2Q17/1Q17: 2.2% 40.0 40.6 31.4 32.1 37.1 28.7 2Q-16 1Q-17 2Q-17 2Q-16 1Q-17 2Q-17 % 2Q-16 1Q-17 2Q-17 % 2Q-16 1Q-17 2Q-17 Deposits 77.3 78.6 79.1 Time Deposits 41.1 42.7 44.7 B
Slide 18: Equity and Capital Adequacy
Equity and Capital Adequacy Figures in USD. Billions Attributable Equity + Minority Interest Shareholders ‘ Equity 2Q17/2Q16: 5.6% 2Q17/2Q16: 5.1% 2Q17/1Q17: 4.7% 2Q17/1Q17: 4.5% 5.4 5.5 5.7 5.2 5.2 5.4 0.3 0.3 0.3 5.2 5.2 5.4 2Q-16 1Q-17 2Q-17 2Q-16 1Q-17 2Q-17 Total Equity Shareholders' Equity Non
Slide 19: Consolidated Net Interest Margin
Consolidated Net Interest Margin Quarterly Net Interest Margin Net Interest Income(1) (Million USD) Growth Rate 2Q-16 1Q-17 2Q-17 2Q17/2Q16 2Q17/1Q17 499.5 550.5 578.4 15.8% 5.1% Net Interest Margin on Investments (2) Net Interest Margin on Loans (3) Net Interest Margin (4) 6.6% 6.8% 7.0% 6.0% 6.1%
Slide 20: Fees and Other Operating Income
Fees and Other Operating Income Figures in USD. Millions Gross Fee income 2Q17/2Q16: 7.2% 2Q17/1Q17: 2.0% 314.7 330.6 337.4 3.2% 2.9% 2.8% Other 21.5% 23.8% 22.1% 6.1% 3.8% 4.0% Pension fees Fiduciary activites 69.3% 69.5% 71.2% Banking fees 2Q-16 1Q-17 2Q-17 Fee Income 34.3% 34.9% 34.1% Ratio (1) O
Slide 21: Consolidated Efficiency Ratio
Consolidated Efficiency Ratio Operating Expenses/ Total Income (1) Operating Expenses/Average Assets (2) Operating Expense (USD Million) Growth Rate 2Q-16 1Q-17 2Q-17 2Q17/2Q16 2Q17/1Q17 432.9 430.7 (3) 457.0 5.6% 6.1% 50.6% 47.6% 48.6% 3.94% 3.68% 3.85% (4) (5) (4) (5) 2Q-16 1Q-17 2Q-17 2Q-16 1Q-17
Slide 22: Profitability
Profitability (1) Figures in USD. Millions Net Income attributable to controlling interest Figures excluding 202.2 wealth tax 190.5 183.1 157.9 2Q-16 (2) 1Q-17 2Q-17 ROAA (3) 1.9% 1.9% 1.7% 1.5% 2Q-16 1Q-17 2Q-17 ROAE (4) 15.3% 14.9% 13.9% 11.9% 2Q-16 1Q-17 2Q-17 (1) Profitability Ratios for 2Q-16 a
Slide 23: Contact Information
Contact Information: María Luisa Rojas Giraldo Chief Financial Officer mrojas@bancodebogota.com.co Lina María Zornosa Torres Investor Relations Manager lzornos@bancodebogota.com.co IR Contact: Investor.relations@bancodebogota.com.co