Banco Davivienda SA · BVC:PFDAVVNDA
Banco Davivienda SA — Q1 2012 Earnings Presentation
26 slides from Banco Davivienda SA's earnings presentation, May 2012
Slide 1: 2012 First Quarter report
D/VIVIENDN 2012 First Quarter report —_— d
Slide 2: Warning
Warning The informa,on presented here is exclusively informa,ve and illustra,ve. It is not, nor does it pretend to be a source of legal or financial consulta,on regarding any issue. The financial informa,on and projec,ons presented are based on informa,on and calcula,ons carried out internally by DAVI
Slide 3: Agenda
Agenda Main Facts in the Quarter First Quarter Results 3
Slide 4: Main Facts
Main Facts Development aligned with strategical segments of the economy of the country We reached 4,6 millions of costumers, including 500.000 new costumers from Daviplata Business Growth over the 20% in strategic sectors: Balance March 2012 Growth (COP billion) Mar 2011- Mar 2012 Mortgage 4,4 23% S
Slide 5: Main Facts
Main Facts Innovation DaviPlata is internationally recognized and receives the CIT Golden Card Award for its innovations in payment means and reaches 195 agreements with colombian companies and the Government. Merge with Confinanciera Last March, the Assembly approved the merge with Confinanciera. T
Slide 6: Subordinated Bonds emission
Subordinated Bonds emission Davivienda completed the third bond emission within the program approved by the SFC with a COP 3 trillion quota. Yet, the demand is almost twice as double the offer, demonstrating the interest of the market for these investments Feb 10 Oct 10 Mar 11 Aug 11 Apr 12 Ordinary
Slide 7: HSBC Acquisition Agreement in Central America
HSBC Acquisition Agreement in Central America ! ! Advances:! ! The approval process in the different countries is expected to be completed during the third quarter 2012. ! ! There is a project to launch the brand Davivienda in Central America. ! ! There is a plan to make independent the operations i
Slide 8: Assets
Assets March 2012 Total Assets USD 4.392 million Honduras Banks 92,2% Costa Rica Insurance 7,8% Banks 100% 1.035 1.514 24,0% 34,0% El Salvador 1.843 Banks 98.4% 42,0% Insurance 1.6% Source: Superintendency of each country. Honduras El Salvador Costa Rica Data in USD Million 8
Slide 9: Net income
Net income Acumulated to March 2012 Net income USD 11,8 million Honduras Costa Rica Banks 64,6% Banks 100% 2,1 Insurance 35,4% 17,0% 4,5 38,0% 5,3 El Salvador 45,0% Banks 87,1% Source: Superintendency of Insurance 12,9% each country. Honduras El Salvador Costa Rica Data in USD Million 9
Slide 10: Portfolio Structure March 2012
Portfolio Structure March 2012 Honduras El Salvador Costa Rica 14% 24% 32% 41% 51% 51% 35% 35% 17% USD 587 USD 1,251 USD 855 Central America Davivienda Source: Superintendency of each Consumer country. Data in USD Million 24% Mortgage 33% Commercial 49% 50% 27% 17% 10 USD 2,693 USD 15,178
Slide 11: Basis of HSBC Growth
Basis of HSBC Growth Expectations of Growth once Davivienda finally adquires the operation of HSBC Year 1 Year 2 Year 3 Year 4 Assets 6% 8% 13% 13% Portfolio 11% 11% 11% 11% Deposits 12% 7% 11% 12% 11
Slide 12: Expectations of return of HSBC
Expectations of return of HSBC USD Million We expect to take to investment to returns highers than 11% Year 1 Year 2 Year 3 Year 4 Equity 621 719 823 925 Profits 60 88 101 112 ROE 8,4% 11,3% 11,5% 11,4% 12
Slide 13: First Quarter Results
First Quarter Results 13
Slide 14: Summary of Results
Summary of Results ! The net profit grew 25.5% with respect to the third quarter 2011 reaching col$215 billion. ! The net portfolio closed at col$25.9 billion and had an 18.2% growth versus 1T 2011. ! The quality of the portfolio by height reached 1.66% while the coverage reached 301.2%. ! The collo
Slide 15: Profits
First Quarter Results 2012 Profits COP Billion 215 25% 172 937 707 937 32,4% Financial Income Fees Taxes 6,4% Other income 202 215 215 13 27 Operational expenses -185 -299 61,7% Provisions -119 -203 70,2% Financial expenses -403 -403 0,0% -43 -59 36% 1Q11 1Q12 ROAE March 2012: Davivienda: 15,5% Davi
Slide 16: Assets
First Quarter Results 2012 Assets COP Trillion 15.9% 36.7 2.1% 37.4 Q/Q Y/Y 32.3 3,3 3,1 -6.6% 5.5% 3,0 4,8 5,4 13.7% 19.6% 4,5 1.3% 18.2% 25,5 25,9 Cash 21,9 Net Investment Net Portfolio Other Assets 2,9 3,0 3,0 1.0% 3.1% Mar 11 Dec 11 Mar 12 16
Slide 17: Gross Portfolio
First Quarter Results 2012 Gross Portfolio COP Trillion 17.9% 1.5% 27.2 Q/Q Y/Y 26.9 23.1 4,2 4,3 3.8% 23.4% 3,5 8,6 8,7 1.1% 9.4% 8,0 11,6 14,1 14,2 1.0% 22.0% Mortgage Mar 11 Dec 11 Mar 12 Consumer Commercial Mortgage includes Home leasing and Commercial includes Micro-credits 17
Slide 18: Gross Portfolio Quality and Coverage
First Quarter Results 2012 Gross Portfolio Quality and Coverage %!"!# (!!"!# ,"$# ,"!# '$!"!# +"$# ()%"!$ +"!# *"$# !#'"&$ '!!"!# *"!# )"$# &$!"!# )"!# $"$# 200% $"!# &!!"!# ("$# ("!# %$!"!# '"$# !"#$ '"!# &"$# %!!"!# &"!# %"&$ %"$# $!"!# %"!# !"$# !"!# !"!# 89:0%! 89:0%% -.10%! -.10%% 89:0!, -.10!,
Slide 19: Types of Portfolio Quality and Reserves
First Quarter Results 2012 Types of Portfolio Quality and Reserves ,-./01234 *+,-./+ %!"!# $,"(# ,-./01234 )!!"!# $!"!# *+,-./+ )! $,"!# $+"(# ,"(# %!"!# $,"(#$+"!# $*"(# )*+"%$ )!!"!# $!"!# ,"!# $,"!# $+"(#$*"!# ,"(# $+"!# $*"(#$)"(# $)"!# )*+"%$ (!!"!# +"(# (! $*"!#$("(# (!!"!# ,"!# +"!# &'&"%$ $)
Slide 20: Deposits
First Quarter Results 2012 Deposits COP Trillion 13.0% 1.7% 30.8 Q/Q Y/Y 30.3 27.2 3,6 3,6 3,2 -9.1% 26.1% 2,6 3,5 3,7 -5.3% -0.1% 3,5 Credits 6,7 7,3 9.8% 2.3% Bonds 7,2 3,6 3,3 -9.6% 5.0% Time Deposits 3,1 Checking Account Saving Account 10,7 12,5 13,3 6.4% 24.5% Mar 11 Dec 11 Mar 12 20
Slide 21: Davivienda's Composition vs System
First Quarter Results 2012 Daviviendaʼs Composition vs System March 2012 Davivienda March 2012 System* 8,3% 11,6% Net Portfolio Assets 8,1% 8,9% Net Investment 14,5% 59,7% Other Assets 69,1% 19,8% Cash 7,4% Loans 15,9% Commercial 27,9% Consumer 52,2% Mortgage 31,9% 64,7% * Individual Information Sou
Slide 22: Financial Margin
First Quarter Results 2012 Financial Margin COP Billion 435 403 7.9% 72.6% 96 56 838 28.9% 651 -119 70.2% -203 -185 -299 61.7% 1Q11 1Q12 Provisions Financial expenses Portfolio Income Investment Income 22
Slide 23: Expenses
First Quarter Results 2012 Expenses COP Billion 403 0.0% 403 35 38 9.4% 53 31 -40.1% Other Expenses Amortization y Depreciation 169 179 5.4% Operational Expenses Personnel Expenses 146 155 5.8% 1Q11 1Q12 23
Slide 24: Main figures
Main figures 24
Slide 25: Davivienda individual results and Subsidiaries
Davivienda individual results and Subsidiaries Annual Liabili Annual Annual March Annual Enterprices Assets Equity Growth ties Growth Growth Profits Growth Banco Davivienda 35.857 15% 30.944 13% 4.913 34% 226 25% Bancafé Panamá 1.385 37% 1.208 37% 177 43% 8 6% Confinanciera 493 14% 415 13% 78 20% 7
Slide 26: Thanks for your attention!
Thanks for your attention! 26