Grupo Cibest S.a. · BVC:CIBEST
Grupo Cibest — Q4 2022 Earnings Presentation
26 slides from Grupo Cibest's earnings presentation, Feb 23, 2023
Slide 1: Earnings Results 4Q22
Earnings Results 4Q22 ~~ = Bancolombia
Slide 2: 2022 Overview
2022 Overview Financial Highlights Business Update • Loan book up 3.8% QoQ and 22.5% YoY • A robust growth in clients as catalyst for loan growth and diversified funding mix • Deposits up 5.6% QoQ and 19.3% YoY • Data analytics as growth enabler of risk adjusted • NIM 6.8% return loans • Net income
Slide 3: Economic Trends
Economic Trends Economic indicators for Colombia Indicator 2019 2020 2021 2022 2023f GDP growth annual (% var.) 3.2% -7.3% 11% 7.5% 0.9% Fiscal balance (% GDP) -2.5% -7.8% -7.1% -5.6% (e) -4.2% Current account balance (% GDP) -4.6% -3.4% -5.6% -6.2% (e) -4.1% Consumer inflation (annual % var, eop) 3
Slide 4: Robust Growth in Clients, Loans & Deposits – Colombia
Robust Growth in Clients, Loans & Deposits – Colombia Retail SMEs Corporates 16.1 2.5 23.6 14.8 22.1 22.3 2.2 13.3 1.9 Clients 11.2 1.8 19.2 2019 2020 2021 2022 2019 2020 2021 2022 2019 2020 2021 2022 Figures in Millions Figures in Millions Figures in Thousands 47.00 40.9 28.50 81.9 60.3 42.00 37.5
Slide 5: Loans & Deposits
Loans & Deposits Commercial Consumer Mortgage Corporate SME Financial leases Credit cards Auto loans Payroll loans VIS Non-VIS Average $28.2 Microloans Average $135.2 Personal loans Average $44.1 37.4 173.0 1.3 59.6 141.3 28.1 30.6 119.0 118.6 124.4 1.3 26.0 15.9 48.4 1.2 25.1 39.7 41.1 24.0 1.2 1.3
Slide 6: Data Analytics as a Tool for Originations - Colombia
Data Analytics as a Tool for Originations - Colombia Pre-approvals Performance 35.0 50.0% 30.4 45.4% 45.0% 44.0% 30.0 40.0% 25.0 35.0% 22.7 30.0% 20.0 27.5% 25.6% Catalyst of growth in loans and risk adjusted returns 25.0% 15.0 13.8 19.7% 20.3% 20.0% Provides management flexibility to adjust origina
Slide 7: Digital Evolution – Colombia
Digital Evolution – Colombia 2,500 14.0 12.0 2,000 10.0 CAGR: 97% 10.0 700 3.5 3.7 CAGR: 37% 4.0 3.5 6.8 8.0 CAGR: 160% 600 CAGR: 88% 1,500 1,484 500 500 3.0 6.0 2.5 400 1.8 2.6 1,000 2.0 4.0 609 300 226 1.5 2.0 1.1 102 200 500 0.7 163 1.0 0.0 100 0.5 32 40 - -2.0 - 0.0 2019 2020 2021 2022 2019 2020
Slide 8: Digital Evolution – Colombia (cont´)
Digital Evolution – Colombia (cont´) Distribution Channels Transactions by Channel 2022* Amount by Channel 2022 Digital Adoption** 11,500 90.0% 84.8% 14,500 13,155 90.0% 77.3% 80.0% 9,500 12,500 80.0% 74.9% 70.0% 72.6% 70.0% 60.0% 10,500 70.7% 7,500 50.0% 60.6% 7,991 60.0% 10,465 43.2% 8,500 50.0% 4
Slide 9: ESG
ESG Businesses with purpose Sustainable Performance Top 5% S&P Global ESG Score COP 500 Tn – Our goal for 2030 2020 We are part of the best 5% banks in the world at the Global ESG Score, the only Colombian bank within the top 5% COP 24.8 Tn 2021 COP 36.9 Tn Standing out in dimensions such as: 2022 •
Slide 10: Colombia and Central America Overview
Colombia and Central America Overview NIM Loans 9.0% 9.0% COP Trillion – USD Billion 8.0% 8.0% 8.0% 180 180 7.0% 6.7% 7.0% Loan Share: 67% 151 14.0 6.2% 5.9% 160 136 6.4% 12.0 6.0% 6.2% 6.0% 140 5.0% 130 7.8 7.9 10.0 5.4% 5.6% 120 8.2 5.0% 5.0% Loan Share: 15% 7.7 8.0 4.0% 4.5% 100 4.8% 3.6 3.9 6.0
Slide 11: Liquidity Management
Liquidity Management Liquidity and Deposits Funding Mix 182 194 214 242 291 10% 8% 6% 4% 7% 250,992 9% 9% 7% 11% 10% 2% 2% 237,613 106.0% 1% 2% 240,000 104.0% 2% 25% 210,391 29% 30% 220,000 102.0% 31% 33% 200,000 103.0% 100.0% 180,000 101.4% 98.0% 40% 44% 160,000 35% 41% 97.2% 96.0% 33% 140,000 94.0
Slide 12: NIM & NII
NIM & NII ALM - Colombia Loans - Colombia Deposits - Colombia 13.42% 13.12% 12.00% 2022 2022 11.95% 8.00% 34% 6.20% 33% 38% 5.36% 5.59% 42% 4.52% 2019 2019 58% 4.26% 67% 4.25% 66% 62% 3.80% 2019 2020 2021 2022 NIM CPI IBR DTF Reference Rate Fixed Floating Fixed Floating Net Interest Income Net Inter
Slide 13: Fees
Fees Evolutions of Net Fees 8,000 25.0% 18.7% 19.2% 19.54% 7,000 15.48% 20.0% 15.0% 6,000 10.0% 5,000 5.0% Net Fees 4,000 6,371 0.0% 2022/2021 10% 5,294 -5.0% 4,579 4,598 3,000 3,433 3,780 -10.0% 3,026 3,037 2,000 -15.0% 2019 2020 2021 2022 Fee Income Net Fees Fee Income Ratio COP Billion Credit/Deb
Slide 14: Provisions, Allowances, Asset Quality and Coverage
Provisions, Allowances, Asset Quality and Coverage Provisions Provisions Breakdown 3.9% 9,000 4.0% 7,526 3.5% 8,000 1,001 284 2.3% 3.0% 7,000 229 1.9% 2.5% Net Provisions Charges 3,792 6,000 1.6% 2.0% 2,431 289 5,000 1.2% 3,411 55 7,526 1.5% 2022/2021 57% 855 2,421 582 452 4,000 171 2,093 3,000 1.0%
Slide 15: Operating Expenses & Efficiency
Operating Expenses & Efficiency Operating Expenses 10,888 9,163 Total Operating Expenses 8,254 7,995 2022/2021 ∆ 18.8% 6,470 4,887 4,950 5,381 Administrative Expenses 2022/2021 ∆ 20.2% 4,418 3,367 3,045 3,783 Personnel Expenses* 2019 2020 2021 2022 2022/2021 ∆ 16.8% Personnel Expenses Administrative
Slide 16: Profitability
Profitability Net Income 6,783,490 4,086,795 3,117,351 275,994 2019 2020 2021 2022 COP Million ROE & ROA 22.0% 19.8% 4.2% 17.0% 14.0% 12.1% 12.0% 3.2% 7.0% 2.2% 1.0% 2.2% 2.0% 1.2% 1.5% 1.3% -3.0% 0.2% 0.1% -8.0% -0.8% 2019 2020 2021 2022 ROE ROA
Slide 17: Capital
Capital Core Equity Tier I and Total Capital Evolution Core Equity Tier I Variation Components (YoY) 15.5% 284 bps 14.7% 13.5% 12.8% 11.92% 12.8% -158 bps 10.37% -101 bps -91 bps -89 bps 11.9% 10.1% 11.2% 10.4% 155 bps reduction YoY 9.6% 2018 2019 2020 2021 2022 CET1 Dec-21 CET1 Organic USD/COP CET1
Slide 18: Earnings Results 4Q22
Earnings Results 4Q22 ~~ = Bancolombia
Slide 19: Acquiring – Colombia
Acquiring – Colombia Credit Cards Debit Cards 400 30.4 1,400 141.1 150.0 350 29.0 119.2 120.4 130.0 1,200 22.2 104.4 300 22.1 24.0 110.0 1,000 250 16.7 19.0 90.0 800 200 70.0 14.0 1,329 319 329 339 600 150 1,022 50.0 251 9.0 400 734 806 100 11.1 12.3 14.1 30.0 2.6 2.3 2.5 2.8 10.3 4.0 200 10.0 50 -
Slide 20: Colombia and Central America Overview
Colombia and Central America Overview 2019 2020 2021 2022 2019 2020 2021 2022 ▪ Net Income 2,273 165 4,125 6,864 ▪ Net Income 222 -173 202 233 ▪ NII 8,462 7,960 8,789 14,290 ▪ NII 1,123 1,124 1,163 1,440 ▪ Net Fees Growth 7.56% 0.22% 17.08% 11.46% ▪ Net Fees Growth 7.90% -7.08% 2.79% 18.86% ▪ ROAE 1
Slide 21: Stages
Stages Loan Breakdown by Stages 6.9% 8.6% 7.2% 5.4% 5.5% 9.8% 8.8% 6.9% Balance Stage 2 and 3 - Coverage 87.6% 84.0% 87.7% 48.5% 47.3% 81.6% 45.0% 50.0% 43.0 38.0% 38.0 40.0% 33.0 2019 2020 2021 2022 30.0% 28.0 Stage 1 Stage 2 Stage 3 23.0 20.0% 18.0 35.2 35.2 33.2 10.0% 13.0 22.5 Coverage by Stages
Slide 22: Assets and Loans Breakdown
Assets and Loans Breakdown Total Assets Total Gross Loans Other 16% 260 TN 270 TN 220 TN 13.6% 13.8% Financial Assets 13.9% 22.1% 22.1% Investment 8% 4Q22/4Q21 ∆ 21.7% 22.0% 4Q22/4Q21 ∆ 22.5% 4Q22/3Q22 ∆ 5.1% 4Q22/3Q22 ∆ 3.8% Loans 77% 63.7% 63.6% 63.5% 4Q21 3Q22 4Q22 Commercial Consumer Mortgage Lo
Slide 23: Bancolombia a la Mano
Bancolombia a la Mano Deposits Loans Pre-Approved Loans A LA MANO 900 141,162 20.0% 270,899 150,000 COP 140k/User 800 19.0% 230,855 130,000 18.0% 700 110,000 103,272 COP 130k/User 18.2% 17.0% 165,370 86,697 90,000 600 16.0% 923 16.6% COP 120k/User 70,000 15.0% 500 769 766 14.0% 50,000 400 13.0% 30,0
Slide 24: NEQUI
NEQUI Deposits Loans Nequi Cards 244 251 265 600,000 14.0 1,650 1,519 1,527 524,325 155,000 144,715 489,055 12.0 1,450 1,269 135,000 129,890 215 500,000 1,250 376,371 11.9 10.0 115,000 165 400,000 11.0 1,050 COP 127k/User 8.0 850 COP 107k/User 95,000 78 115 300,000 8.3 57 6.0 75,000 53 650 COP 103k/
Slide 25: Disclaimer
Disclaimer This report corresponds to the interim unaudited consolidated financial statements of BANCOLOMBIA S.A. and its subsidiaries (“BANCOLOMBIA” or “The Bank”) which Bancolombia controls, amongst others, by owning directly or indirectly, more than 50% of the voting capital stock. These financia
Slide 26: Earnings Results 4Q22
Earnings Results 4Q22 ~~ = Bancolombia