Banco De Bogota Sa · BVC:BOGOTA
Banco De Bogota Sa — Bank of America Merrill Lynch Emerging Markets Debt and Equity Conference 2019
19 slides from Banco De Bogota Sa's conference presentation, May 31, 2019
Slide 1: Investor Presentation
Investor Presentation Bank of America Merrill Lynch Emerging Markets Debt and Equity Conference May 29th – 31st, 2019 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 and, as such, it is required to comply with periodic reporting requirements and corporate governance practices. As a financial institution, the Bank is subject to inspection and surveillance from Colombia’s Superintendency of Finance.
Slide 3: Colombian Macroeconomic Outlook
Colombian Macroeconomic Outlook GDP1 (YoY %, 12-month) Inflation vs. Central Bank rate (YoY%, %) 5% 10% Central bank rate GDP 2017 2018 2019e Headline inflation 4% 8% (YoY%) 1.4% 2.7% 3.0% 3% 6% 2.8% 4.25% 2% 4% Inflation 2017 2018 2019e 3.2% (YoY%) 4.1% 3.2% 3.2% 1% 2% Central bank 2017 2018 2019e
Slide 4: Central America Macroeconomic Outlook
Central America Macroeconomic Outlook GDP1 (YoY %) Activity Index* (YoY %) 8 8% 6.0 6 6% 3.7 3.7 3.4 3.9 4% 3.4 4 2.8 3.4 3.1 3.5 3.2 2.5 2.5 2.7 2.9 2% 2.4 2 2.3 0% 1.8 0 -2% -2 -4% -4 -6% -5.6 -4.0 2018e 2019e Feb-17 Feb-18 Feb-19 -6 -5.0 Nicaragua El Costa Rica Honduras Cenam Guatemala Panama Gua
Slide 5: Business Overview
Business Overview Regional Franchise Banco de Bogotá’s Structure Colombia(1) Principal Subsidiaries of Banco de Bogotá Associated #2 Net Income and Assets #3 Net Loans & Deposits (5) (6) Ownership Grupo AvaI 20.0% 8.1% Banco de Bogotá 100.0% 46.9% 32.9% Banco de Occidente 33.1% 4.0% Banco Popular 4.
Slide 6: Significant player in a competitive Colombian market
Significant player in a competitive Colombian market As of March 2019 Total Assets Net Loans (1) System: US$200.6 billion System: US$133.4 billion 25.7% 25.1% 25.2% 26.1% 14.0% 13.7% 15.4% 10.0% 12.2% 10.2% 1 1 Deposits Net Income System: US$123.7 billion System: US$0.9 billion 26.6% 33.2% 24.1% 29.
Slide 7: BAC is market leader in Central America
BAC is market leader in Central America As of December 2018 Total Assets (1) Net Loans (1) System: US$244.8 billion System: US$154.3 billion 9.3% 10.1% 9.0% 7.8% 7.7% 7.6% 6.9% 5.9% 4.7% 4.0% Deposits (1) Net Income (12 months) System: US$166.2 billion System: US$2.8 billion 15.7% 9.4% 14.4% 7.9% 7.
Slide 8: Consolidated Balance Sheet Structure
Consolidated Balance Sheet Structure Figures in Ps. Trillions Total Assets Growth excluding FX 1Q19/1Q18: 11.6% 1Q19/1Q18: 4.8% 1Q19/4Q18: -1.8% 1Q19/4Q18: -0.7% 163.3 160.4 143.7 1Q-18 4Q-18 1Q-19 Assets Breakdown 1Q-18 4Q-18 1Q-19 18.3% 20.9% 20.9% 3.6% 3.8% 4.1% 8.5% 69.5% 7.3% 68.0% 8.5% 66.4% C
Slide 9: Consolidated Loan Portfolio Breakdown by Business Segment
Consolidated Loan Portfolio Breakdown by Business Segment Figures in Ps. Trillions Gross Loan Portfolio (1) Growth excluding FX 1Q19/1Q18: 2.0% 1Q19/1Q18: 8.3% 1Q19/4Q18: 0.1% 1Q19/4Q18: -1.0% 109.5 108.4 100.1 1Q-18 4Q-18 1Q-19 Gross Loan Portfolio Breakdown Growth Growth (%) Growth Growth (%) (%)
Slide 10: 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 Leasing CFC(2) 4.
Slide 11: Loan Portfolio Quality (2/3) – Colombia and Central America
Loan Portfolio Quality (2/3) – Colombia (1) and Central America Colombia COP Central America USD 1Q-18 4Q-18 1Q-19 1Q-18 4Q-18 1Q-19 Delinquency Ratio 30 day PDLS / Gross Loans 4.6% 5.1% 5.1% 2.6% 2.8% 3.1% Excluding Leasing Corficolombiana 4.9% 90 day PDLS / Gross Loans 3.6% 4.2% 4.1% 1.1% 1.3% 1.5
Slide 12: Loan Portfolio Quality (3/3) – Consolidated
Loan Portfolio Quality (3/3) – Consolidated 30 days PDLs 90 days PDLs 1Q-18 4Q-18 1Q-19 1Q-18 4Q-18 1Q-19 Commercial 3.0% 3.4% 3.5% 2.6% 3.0% 3.1% Excluding Leasing Corficolombiana 3.4% 2.9% Consumer 5.3% 5.2% 5.3% 2.6% 2.6% 2.5% Mortgage 3.5% 3.7% 4.2% 1.7% 2.0% 2.2% Microcredit 15.5% 16.5% 16.1% 1
Slide 13: Consolidated Funding
Consolidated Funding Figures in Ps. Trillions Growth excluding FX Growth excluding FX Total Funding 1Q19/1Q18: 5.1% Total Deposits 1Q19/1Q18: 3.0% 1Q19/4Q18: -0.1% 1Q19/4Q18: -0.8% 1Q19/1Q18: 11.7% 1Q19/1Q18: 9.4% 1Q19/4Q18: -1.2% 1Q19/4Q18: -1.8% 137.0 135.3 108.4 106.4 121.2 97.3 1Q-18 4Q-18 1Q-19
Slide 14: Equity and Capital Adequacy
Equity and Capital Adequacy Figures in Ps. Trillions Attributable Equity + Minority Interest Shareholders ‘ Equity 1Q19/1Q18: 13.6% 1Q19/1Q18: 13.8% 1Q19/4Q18: -2.8% 1Q19/4Q18: -2.7% 19.7 19.1 15.9 18.6 18.1 16.8 1.1 1.0 1.0 15.9 18.6 18.1 1Q-18 4Q-18 1Q-19 1Q-18 4Q-18 1Q-19 Total Equity Shareholder
Slide 15: Consolidated Net Interest Margin
Consolidated Net Interest Margin Quarterly Net Interest Margin Growth excluding Net Interest Income (Billions of COP) FX Growth Rate 1Q19/1Q18: 3.2% 1Q-18 4Q-18 1Q-19 1Q19/1Q18 1Q19/4Q18 1Q19/4Q18: 0.4% 1,657.8 1,791.6 1,791.3 8.1% 0.0% Net Interest Margin (1) Net Interest Margin on Loans (2) Net In
Slide 16: Fees and Other Operating Income
Fees and Other Operating Income Figures in Ps. Billions Gross Fee income Growth excluding 1Q19/1Q18: 7.5% FX 1Q19/4Q18: -4.1% 1Q19/1Q18: 2.8% 1,191.3 1,143.0 1Q19/4Q18: -3.6% 1,062.9 2.3% 3.7% 2.2% 3.7% 2.2% 3.8% 21.3% Other 22.3% 23.8% Fiduciary activites Pension fees 72.7% 71.8% 70.2% Banking fees
Slide 17: Consolidated Efficiency Ratio
Consolidated Efficiency Ratio Efficiency (Billions of COP) Growth Rate Excluding FX 1Q-18 4Q-18 1Q-19 1Q19/1Q18 1Q19/4Q18 1Q19/1Q18 1Q19/4Q18 Total Other expenses 1,446,5 1,749,6 1,599.8 10.6% -8.6% 5.1% -8.1% Total Income 2,841.7 3,362.0 3,204.0 12.7% -4.7% 7.7% -4.3% Cost to income (1) Cost to Ass
Slide 18: Digital Transformation strategy - Tangible results at-scale
Digital Transformation strategy - Tangible results at-scale digital sales, Customized content and Pioneer in Colombia - 38% savings accounts and process automation 100% digital products credit cards More than 175,000 increase in digital 617% products, Y-o-Y 45% Growth products sold online “Virtual B
Slide 19: Profitability
Profitability Figures in Ps. Billions Net Income attributable to controlling interest 950.5 697.1 609.8 1Q-18 4Q-18 1Q-19 ROAA (2) 2.6% 1.8% 1.9% 1Q-18 4Q-18 1Q-19 ROAE (3) 14.9% 21.1% 15.2% 1Q-18 4Q-18 1Q-19 (1) ROAA for each quarter is calculated as annualized Net Income divided by average of tota