Grupo Aval Acciones Y Valores Sa · BVC:GRUPOAVAL

Grupo Aval Acciones Y Valores Sa — Credicorp Capital Investor Conference Chile 2025

27 slides from Grupo Aval Acciones Y Valores Sa's conference presentation, September 2025

  1. Slide 1: Corporate Presentation

    CORPORATE PRESENTATION GRUPO AVAL September, 2025

  2. Slide 2: Disclaimer

    DISCLAIMER Grupo Aval Acciones y Valores S.A. (“Grupo Aval”) is an issuer of securities in Colombia and in the United States (“SEC”). As such, it is subject to compliance with securities regulation in Colombia and applicable U.S. securities regulation. Grupo Aval is also subject to the inspection an

  3. Slide 3: A Leading Financial Conglomerate in Colombia

    A LEADING FINANCIAL CONGLOMERATE IN COLOMBIA Key Consolidated Figures (June 25) Panama Principales cifrasPs 335.7 Tn I US$ 82.5 Bn 1 Total assets Ps 444.6 Tn I US$ 109.2 Bn1 1,009 Employees2 Assets under management 19 Branches2 Ps 199.4 Tn I US$ 49.0 Bn1 20 ATM’s2 Gross loans 16 Other points of serv

  4. Slide 4: A Story of Continuous Growth and Excellence

    A STORY OF CONTINUOUS GROWTH AND EXCELLENCE Evolution of Grupo Aval’s unconsolidated assets Figures in Ps. billion Grupo Aval’s NYSE IPO 27,576 25,575 Preferred stock IFRS issuance Adoption BAC Spin-off 21,502 20,940 20,037 18,897 17,864 BAC acquisition 8,562 2,735 4

  5. Slide 5: Leveraged on Organic and Inorganic Growth

    LEVERAGED ON ORGANIC AND INORGANIC GROWTH +50 years generating conscious progress throughout Colombia v 1971 - 1991 - 1991 - 1997 - 1998 - 2000 - 2010 - 2012 - 2014 - 2019 - 2021 - 2025 1972 1998 1994 1999 1999 2007 2011 2013 2018 2020 2024 Acquisitions Acquisition of Entrance to Privatization Grupo

  6. Slide 6: Acquiring Controlling Stakes in Our Main Subsidiaries

    ACQUIRING CONTROLLING STAKES IN OUR MAIN SUBSIDIARIES 68.9% 72.3% 93.7% 79.9% 8.7% 40.8% 94.5% 70% (1) Total Shares Owner Grupo Aval 20.0% Banco de Bogotá 99.6% 34.7% 46.9% (2) 22.8% Banco de Occidente 4.2% 33.1% (3) 7.9% 5.5% Banco Popular 5.2% 25.8% Corfi 30.0% Total 99.6% 52.8% 100% 97.3% 100% 10

  7. Slide 7: Generating Value Through Main Operating Segments

    GENERATING VALUE THROUGH 3 MAIN OPERATING SEGMENTS Banking services Commercial Banking Financial Services Strategic Focus Corporate Medium enterprises Segments SMEs and very small businesses Government Affluent Mass consumer market Silver economy and public employees Merchant Pension and severance f

  8. Slide 8: Grupo Aval's Strategy Built Around Seven Strategic Pillars

    GRUPO AVAL’S STRATEGY IS BUILT AROUNG SEVEN STRATEGIC PILLARS UNDER A DRIVING PURPOSE Customer Financial Synergies and Digital Corporate Sustainability experience diversification efficiencies transformation culture 8

  9. Slide 9: Consolidating a Leading Financial Conglomerate in Colombia

    CONSOLIDATING A LEADING FINANCIAL CONGLOMERATE IN COLOMBIA Figures as June 30th, 2025 Market Share Complete suite of banking and non-banking products offered ▪ 25.0% in gross loans ▪ 26.5% in corporate lending ▪ 26.0% in deposits ▪ 27.2% in medium enterprises ▪ 26.6% in commercial loans ▪ 43.1% in p

  10. Slide 10: Focus on Innovation, Customer-Centric Digital Transformation Strategy

    WITH A FOCUS ON INNOVATION, LEVERAGED BY A CUSTOMER-CENTRIC DIGITAL TRANSFORMATION STRATEGY Ecosystems Customer- Accompany our customer’s Channels centric strategy journey with financial and non- Omnichannel financial products experience Centralized v data - Payments - Housing Multicloud data - Vehi

  11. Slide 11: Merging Digital Innovation and Social Impact

    MERGING DIGITAL INNOVATION AND SOCIAL IMPACT Features and benefits +4 ,0 M Customers Free and instant interoperable transfers to any other bank or wallet Remittances reception Instant and free to the receptor from 45 countries Interoperable NFC and QR Payroll reception Starting from age 12 payments

  12. Slide 12: With Visible Impacts on the Environment and Social Value Creation (1/2)

    WITH VISIBLE IMPACTS ON THE ENVIRONMENT AND SOCIAL VALUE CREATION (1/2) First meeting of the • Presentation of Grupo Aval's members of the We updated our double materiality strategy, challenges of the assessment. This exercise involved Boards of Directors of entities and role of board members. the p

  13. Slide 13: With Visible Impacts on the Environment and Social Value Creation (2/2)

    WITH VISIBLE IMPACTS ON THE ENVIRONMENT AND SOCIAL VALUE CREATION (2/2) +21,500 people. 3,100 families. +80 communities. 280 business plans for artisans. Financial education 100 communities benefited from and inclusion recycling initiatives. workshop in the Top 10 Ranking 3° 7° 8° municipality of of

  14. Slide 14: With a Diversified Loan Portfolio and Deposits Base

    WITH A DIVERSIFIED LOAN PORTFOLIO AND DEPOSITS BASE Figures in Ps. Trillion FY25 Loan growth guidance: Gross loans 7.0% area Gross loans Consumer loans Commercial loans 5.0% area 3.2% Retail loans 9.0% area 193.2 194.5 0.0 199.4 198.8 199.4 Mix LTM Δ % 22.0 11.8% 20.1% Mortgages 3.6% 0.3 19.7 20.6 0

  15. Slide 15: Recovering NIM Components Across Segments

    RECOVERING NIM COMPONENTS ACROSS SEGMENTS 4.28% 4.20% 4.40% 4.41% 4.48% 3.89% FY23 FY24 FY25 Guidance 4.00% 3.42% 3.48% Consolidated 2.76% 2.84% 2.44% NIM 3.44% 3.37% 4.0% area 0.31% 0.21% NIM on loans 4.01% 4.30% 4.5% area -2.61% NIM on 1.18% -0.01% N.D. investments 2Q24 3Q24 4Q24 1Q25 2Q25 NIM NIM

  16. Slide 16: On the Back of a Recovery in NIM on Retail Loans

    ON THE BACK OF A RECOVERY IN NIM ON RETAIL LOANS 5.83% 5.96% 5.64% 5.30% Consolidated 5.08% FY23 FY24 NIM on 3.85% 3.63% commercial loans NIM on retail loans 4.21% 5.21% 3.70% 3.50% 3.35% 3.41% 3.36% 2Q24 3Q24 4Q24 1Q25 2Q25 NIM on commercial loans NIM on retail loans 6.30% 6.42% 6.52% Banking segme

  17. Slide 17: And Favorable Asset Quality Trends in the Loan Portfolio

    AND FAVORABLE ASSET QUALITY TRENDS IN THE LOAN PORTFOLIO PDLS +30 & PDLS +90 Asset quality measured by stages Cost of risk, net Stage 1 Stage 2 Stage 3 30 PDLs 90 PDLs Coverage stage 2 & stage 3 37.4% 36.5% 35.4% 140.0% 33.3% 31.5% Gross loans 35.0% 120.0% 5.8% 5.8% 5.3% 5.2% 100.0% 7.2% 7.2% 6.7% 4

  18. Slide 18: Reflected on a Recovery of Risk Adjusted NIM on Loans

    REFLECTED ON A RECOVERY OF RISK ADJUSTED NIM ON LOANS Grupo Aval Banking segment 2.76% 3.32% 2.57% 3.13% 2.38% 2.89% 2.96% 2.92% 2.21% 2.27% 2.07% 2.07% 2.03% 1.94% 2.03% 1.94% 1.83% 1.83% 1.72% 1.72% CoR, net NIM on loans - CoR, net 2Q24 3Q24 4Q24 1Q25 2Q25 2Q24 3Q24 4Q24 1Q25 2Q25 CoR, net NIM on

  19. Slide 19: With Stable Opex Metrics

    WITH STABLE OPEX METRICS Figures in Ps. Billions Total other expenses Cost to assets (1) ∆ FY24 vs FY23: 3.7% FY23: 2.8% | FY24: 2.7% | FY25 Guidance: 2.75% area 2,378 2,309 2,254 2,114 2,065 187 2.9% 189 201 2.7% 2.7% 2.8% 177 2.6% 176 1,262 1,162 1,171 1,122 1,000 815 837 831 842 791 25 73 91 73 9

  20. Slide 20: And Diversified Revenues from Non-Financial Sector

    AND DIVERSIFIED REVENUES FROM NON-FINANCIAL SECTOR Figures in Ps. Billions Gross fee income Non- financial sector ∆ FY24 vs FY23: 6.0% ∆ FY24 vs FY23: -23.0% 1,153 1,147 1,190 1,197 1,193 44 46 46 48 51 290 509 680 290 292 311 320 8 622 523 19 493 17 9 23 119 128 128 130 141 22 30 17 346 506 353 364

  21. Slide 21: Including the Largest Pension and Severance Fund Manager

    INCLUDING THE LARGEST PENSION AND SEVERANCE FUND MANAGER Figures in Ps. Trillion; as of June 30, 2025 AUMs evolution Porvenir 14.1% 4.6% 235.8 242.1 253.2 222.0 234.6 6.9 7.1 6.1 6.2 6.8 15.1 14.0 Assets under management 12.2 11.6 10.8 203.8 216.8 218.2 220.1 232.1 3% 6% 1Q24 2Q24 3Q24 4Q24 1Q25 Man

  22. Slide 22: And the Largest Trust & Fiduciary Management Company

    AND THE LARGEST TRUST & FIDUCIARY MANAGEMENT COMPANY Figures in Ps. Trillion; as of June 30, 2025 AUMs evolution Trust & fiduciary management services 2.6% 1.0% 186.6 191.4 185.5 189.5 191.4 22.2 22.9 19.4 19.6 22.7 25.7 26.7 26.7 26.7 26.0 Assets under management 21.5 24.1 22.6 26.3 24.6 26.4 25.8

  23. Slide 23: Product of Our Recent Consolidation Efforts

    PRODUCT OF OUR RECENT CONSOLIDATION EFFORTS Our fiduciary subsidiaries, Fiduciaria Bogotá , Fiduciaria de Occidente, and Fiduciaria Popular, have initiated a corporate reorganization process through which their fiduciary business units will be spun off and transferred to Aval Fiduciaria, pending app

  24. Slide 24: Consolidating a Growing Profitability

    CONSOLIDATING A GROWING PROFITABILITY Figures in Ps. Billion Net income attributable to controlling interest FY 2023 FY 2024 495 416 362 204 281 166 739 1,015 65 83 114 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 EPS 7.0 2.7 3.5 4.8 8.6 17.5 11.8 15.2 20.8 31.1 42.8 1.0% 1.1% 0.9% 0.6% 0.6% 0.7% 0.

  25. Slide 25: Supported on a Sound Capital Structure

    SUPPORTED ON A SOUND CAPITAL STRUCTURE Separate basis US$ 175 million of subordinated Ps 50 billion of equity and Ps 50 billion Ps 50 billion bonds (Tier II) issued bonds (Tier II) issued during May-24 bonds (Tier II) issued on August 25 during Sep-25 18.0% 18.8% 17.6% 17.7% 17.7% 2.7% 2.9% 2.3% 2.2

  26. Slide 26: Grupo Aval's Debt Profile and Total Assets (Combined Figures)

    GRUPO AVAL’S DEBT PROFILE AND TOTAL ASSETS (COMBINED FIGURES)* Asset composition (June 30, 2025) Maturity schedule of our combined gross debt Figures in Ps. Billion Cash and equivalents 660 Fixed income investments 128 4,070 Loans 336 Investments in AT1 instruments 2,126 Bonds 5,270 Senior Loans to

  27. Slide 27: Investor Relations Contacts

    Investor Relations contacts Investorrelations@grupoaval.com Nicolás Noreña Trujillo Sénior Manager of Strategic Planning & IR Tel: (601) 7433222 x 23400 nnorena@grupoaval.com Simón Franky Director of Financial Planning & IR Tel: (601) 7433222 x 23351 sfranky@grupoaval.com

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