Grupo Aval Acciones Y Valores Sa · BVC:GRUPOAVAL
Grupo Aval Acciones Y Valores Sa — Q3 2015 Earnings Presentation
18 slides from Grupo Aval Acciones Y Valores Sa's earnings presentation, Dec 7, 2015
Slide 1: 3Q15 Consolidated Earnings Results IFRS December 2015
3Q15 Consolidated Earnings Results IFRS December 2015
Slide 2: Disclaimer
2 Haga clic para modificar l estilo de título del patrón Disclaimer Grupo Aval Acciones y Valores S . A . (“Grupo Aval”) is an issuer of securities in Colombia and in the United States, registered with Colombia’s National Registry of Shares and Issuers (Registro Nacional de Valores y Emisores ) and
Slide 3: Highlights (1/2)
3 Haga clic para modificar l estilo de título del patrón Highlights Grupo Aval financials for 3Q15 show the following general results (1/2) : • Total consolidated assets grew by 23.3% versus 3Q2014 and by 8.2% versus 2Q2015. In absence of the devaluation of the peso (53% LTM and 19% in the quarter),
Slide 4: Highlights (2/2)
4 Haga clic para modificar l estilo de título del patrón Highlights Grupo Aval financials for 3Q15 show the following general results (2/2) : • Total Equity decreases by 2.1% between 2Q2015 and 3Q2015 driven by the distribution of profits of the first semester of the year, and by an increase in the
Slide 5: Macroeconomic context - Colombia
5 Haga clic para modificar l estilo de título del patrón Macroeconomic context - Colombia GDP Growth Expectations Source: Bloomberg Consensus Source : DANE. Unemployment (%) Current Account balance (USD mm) Source : Banrep and DANE . 2.90 2.80 2.6 3.1 3.6 4.1 4.6 5.1 Jan-14 Mar-14 May-14 Jul-14 Sep-
Slide 6: Macroeconomic context - Colombia Inflation
6 Haga clic para modificar l estilo de título del patrón Macroeconomic context - Colombia Inflation (%) Source: DANE Source : Banrep . (1) End of period DTF rate . Source: Banrep and DANE Central Bank’s Monetary Policy 3.73 3.20 2.44 2.16 1.94 2.93 3.66 4.42 5.89 1.5 2.5 3.5 4.5 5.5 6.5 Dec-11 Mar-1
Slide 7: Macroeconomic context - Colombia Peso Exchange Rate
7 Haga clic para modificar l estilo de título del patrón 1,700 2,200 2,700 3,200 3,700 30 50 70 90 110 130 Jan-14 Mar-14 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Jul-15 Sep-15 Nov-15 WTI (US$ - Lhs) COP Exchange Rate Macroeconomic context - Colombia Source: Bloomberg Source: Bloomberg. ( 100
Slide 8: Macroeconomic context – Central America
8 Haga clic para modificar l estilo de título del patrón Fuente: FMI Real GDP growth evolution (%) Macroeconomic context – Central America 2.0 3.1 3.5 4.2 4.1 4.7 6.2 2.3 3.5 3.0 3.8 3.9 4.0 6.0 0 1 2 3 4 5 6 7 ES HO CR GU CENAM NI PA 2014 2015E 17.0% 20.5% 12.3% 16.6% 17.9% 21.2% 14.5% Central Amer
Slide 9: Total Assets and Assets Breakdown
9 Haga clic para modificar l estilo de título del patrón 64.4% 13.2% 2.6% 19.8% Loans and financial leases Fixed income Investments Unconsolidated equity investments Other 65.1% 12.3% 2.6% 20.1% 61.7% 13.4% 2.9% 22.0% 170.8 194.7 210.6 3Q14 2Q15 3Q15 3Q15 / 3Q14: 23.3% Assets Breakdown 3Q14 3Q15 For
Slide 10: Gross Loans and Breakdown
10 Haga clic para modificar l estilo de título del patrón 108.4 128.8 140.6 3Q14 2Q15 3Q15 63.3% 28.7% 7.7% 0.3% 62.1% 28.6% 9.1% 0.3% Gross loans Gross loans Breakdown 3Q15 3Q14 Loans Figures in Ps. Trillions 108.4 Microcredit Mortgages Consumer Commercial 6.7% 52.7% 29.3% 27.2% 3Q15 / 3Q14 140.6 3
Slide 11: Loan portfolio quality
11 Haga clic para modificar l estilo de título del patrón Loan portfolio quality 2.7% 2.6% 2.5% 1.8% 1.7% 1.6% 3Q14 2Q15 3Q15 30 days PDLs / Total loans NPLs / Total loans 1.6% 1.9% 1.4% 1.4% 1.8% 1.2% 3Q14 2Q15 3Q15 Loan provision expense, net / Average Loans Loan provision expense, net (net of rec
Slide 12: Loan portfolio quality – Grupo Aval
12 Haga clic para modificar l estilo de título del patrón Loan portfolio quality – Grupo Aval (1) Past Due Loans + 30 / Total Loans. (2) NPL defined as microcredit loans more than 30 days past due, consumer and financial leases more than 60 days past due, mortgage more tan 120 days past due and comm
Slide 13: Funding and Deposits Composition
13 Haga clic para modificar l estilo de título del patrón 3Q14 2Q15 3Q15 Interbank Borrowings 5.0% 5.6% 6.7% Long-Term Bonds 9.2% 9.2% 9.3% Banks and Others 9.3% 9.9% 11.0% Deposits 76.6% 75.4% 73.0% 3Q14 2Q15 3Q15 Others 0.6% 0.3% 0.4% Time deposits 35.9% 38.4% 38.4% Checking accounts 22.4% 23.1% 2
Slide 14: Capital and Capital Adequacy
14 Haga clic para modificar l estilo de título del patrón 3Q14 2Q15 3Q15 Minority interest 7.1 7.8 7.8 Attributable Shareholders' Equity 12.7 13.6 13.2 Total Equity 19.8 21.4 21.0 12.7 13.6 13.2 3Q14 2Q15 3Q15 3Q15 / 3Q14: 3.8% Attributable Shareholders Equity Attributable Equity + Minority Interest
Slide 15: Net Interest Margin
15 Haga clic para modificar l estilo de título del patrón 6.2% 6.4% 6.3% 3Q14 2Q15 3Q15 2.4% 1.4% 0.5% 3Q14 2Q15 3Q15 NIM – Net Interest Margin (1) Net Interest Margin: Net interest income divided by total average interest - earning assets. (2) Loans Interest Margin: Net Interest Income on Loans to
Slide 16: Fees and Other Operating Income
16 Haga clic para modificar l estilo de título del patrón 339.2 368.4 247.0 285.1 349.2 331.4 624.3 717.6 578.4 3Q14 2Q15 3Q15 Other Equity Portfolio Income Other income Other income 3Q15 / 3Q14: - 7.3% Fees and other operating income Figures in Ps. Billions 3Q14 2Q15 3Q15 Dividend & Equity Method i
Slide 17: Efficiency and Operating Expenses
17 Haga clic para modificar l estilo de título del patrón 3.3% 3.3% 3.5% 3Q14 2Q15 3Q15 47.7% 46.3% 50.7% 3Q14 2Q15 3Q15 Efficiency Ratio is calculated as Operating Expenses before D&A divided by Total income before net provisions. Operating expenses / Total Income Operating expenses / Average Asset
Slide 18: Profitability and Key Ratios
18 Haga clic para modificar l estilo de título del patrón 1.8% 1.8% 1.5% 3Q14 2Q15 3Q15 413 569 445 3Q14 2Q15 3Q15 14.1% 17.1% 13.3% 3Q14 2Q15 3Q15 (1) ROAA for each quarter is calculated as annualized Net Income before Minority Interest divided by average of total assets. (2) ROAE for each quarter
Grupo Aval Acciones y Valores — Q3 2015 Earnings Presentation on 6ix