Grupo Aval Acciones Y Valores Sa · BVC:GRUPOAVAL
Grupo Aval Acciones Y Valores Sa — Q1 2015 Earnings Presentation
21 slides from Grupo Aval Acciones Y Valores Sa's earnings presentation, Jun 5, 2015
Slide 1: 1Q15 Consolidated Earnings Results
1Q15 Consolidated Earnings Results Colombian Banking GAAP and IFRS June 2015
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, registered with Colombia's National Registry of Shares and Issuers (Registro Nacional de Valores y Emisores) and the United States Securities and Exchange Commission. As such
Slide 3: Highlights
Highlights Grupo Aval financials for 1Q15 show the following general results : [] Strong loan portfolio growth (18.6% YoY and 5.1% QoQ) based on organic growth of our operations boosted by the depreciation of the Colombian Peso; [] Stable asset quality when compared to 4Q14 with NPLs at 1.8% in 1Q15
Slide 4: Highlights: Other corporate matters to report
Highlights Other corporate matters to report [] Preliminary figures for 1Q2015 Balance Sheet and Income Statement under IFRS are included herein. The majority of the changes in the Balance Sheet reflect the elimination of the reappraisal of assets and the effects of consolidating Promigas. The posit
Slide 5: Macroeconomic context - Colombia
Macroeconomic context - Colombia [GRAPHIC OMITTED] 5
Slide 6: Macroeconomic context - Colombia: Inflation and monetary policy
Macroeconomic context - Colombia [GRAPHIC OMITTED] Inflation Inflation Expectations for YE15 and YE16 [GRAPHIC OMITTED] Central Bank's Monetary Policy [GRAPHIC OMITTED] Source: Banrep. (1) End of period DTF rate. 6
Slide 7: Macroeconomic context - Colombia: Peso exchange rate
Macroeconomic context - Colombia Colombian Peso vs WTI US$/barrel [GRAPHIC OMITTED] COP vs Emerging markets' currencies [GRAPHIC OMITTED] Colombian Peso Exchange Rate 1Q14 4Q14 1Q15 1Q15vs4Q14 1Q15vs1Q14 Average 2,006.93 2,173.01 2,470.16 13.7% 23.1% End of Period 1,969.45 2,392.46 2,598.36 8.6% 31.
Slide 8: Macroeconomic context - Central America
Macroeconomic context - Central America Real GDP CAGR '14-'17E (%) Real GDP growth evolution (%) [GRAPHIC OMITTED] [GRAPHIC OMITTED] Source: SECMCA, Central Banks; (1) Corresponds to 2013 since numbers for 2014 are not available. Oil and gas imports/total imports (%) [GRAPHIC OMITTED] 8
Slide 9: Assets
Assets [GRAPHIC OMITTED] (1) Foreign operations reflect Central American operations. 9
Slide 10: Gross loans
ans Figures in Ps. Trillions| Gross loans 1Q14 Gross loans Breakdown 1Q14 1015 Microcredit morssees —\ Financial leases — Consumer = — Commercial =— 1Q15 / 1014
Slide 11: Loan portfolio quality
Loan portfolio quality [GRAPHIC OMITTED] (1) NPL defined as microcredit loans more than 30 days past due, consumer, mortgage and financial leases more than 60 days past due and commercial loans more than 90 days past due. 11
Slide 12: Loan portfolio quality - Grupo Aval
Loan portfolio quality - GRUPO AVAL Portfolio Composition Past Due Loans (1) Non-performing Loans (2) 1Q15 1Q14 4Q14 1Q15 1Q14 4Q14 1Q15 Commercial 55.9% 1.6% 1.7% 1.6% 1.1% 1.2% 1.2% Consumer 29.3% 4.4% 4.0% 4.0% 3.0% 2.8% 2.7% Financial Leases 6.2% 3.2% 3.2% 4.0% 1.5% 2.1% 2.1% Mortgages 8.3% 4.0%
Slide 13: Funding
Funding [GRAPHIC OMITTED] 13
Slide 14: Capital
Capital Attributable Equity + Minority Interest Attributable Shareholders Equity [GRAPHIC OMITTED] [GRAPHIC OMITTED] 1Q14 4Q14 1Q15 1Q14 4Q14 1Q15 1Q14 4Q14 1Q15 1Q14 4Q14 1Q15 Primary capital (Tier 1) 7.4 8.0 7.8 9.3 8.9 10.0 9.8 10.5 11.0 10.7 11.6 10.5 Solvency Ratio 11.0 11.5 10.8 12.8 11.8 12.1
Slide 15: NIM - Net Interest Margin
NIM - Net Interest Margin [GRAPHIC OMITTED] Net interest income (trillions) 1Q15/ 1Q15/ 1Q14 4Q14 1Q15 1Q14 4Q14 1.86 1.95 2.12 13.6% 8.4% [GRAPHIC OMITTED] (1) Loans Interest Margin: Net Interest Income on Loans to Average loans and financial leases. (2) Net Investment Margin: Net Interest income o
Slide 16: Fees and other operating income
Fees and other operating income [GRAPHIC OMITTED] Other operating income [GRAPHIC OMITTED] 16
Slide 17: Efficiency and non operating income, net
Efficiency and non operating income, net Operating expenses / Operating expenses / Operating Income Average Assets [GRAPHIC OMITTED] [GRAPHIC OMITTED] Efficiency Ratio is calculated as Operating Expenses before DandA divided by Operating Income before net provisions. Efficiency Ratio is calculated a
Slide 18: Profitability
Profitability Figures in Ps. Billions Net income [GRAPHIC OMITTED] (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 is calculated as annualized Net Income attributable for Aval's shareholders divide
Slide 19: Banking GAAP vs IFRS - Balance Sheet
Banking GAAP vs IFRS - Balance Sheet Figures in Ps. Billions Banking GAAP IFRS(1) Change Balance Sheet 1Q15 1Q15 $ % Cash and cash equivalents 21,510.8 21,991.2 480.4 2.2% Investment Securities, net 31,268.5 30,705.3 (563.1) -1.8% Loans and financial leases, net 114,982.7 116,822.5 1,839.8 1.6% Good
Slide 20: Banking GAAP vs IFRS - Income Statement
Banking GAAP vs IFRS - Income Statement Figures in Ps. Billions Banking GAAP IFRS(1) Change Income Statement 1Q15 1Q15 $ % Total Interest Income 3,352.3 3,332.4 (19.9) -0.6% Interest expense (1,234.8) (1,291.1) (56.3) 4.6% Net Interest Income 2,117.6 2,041.3 (76.2) -3.6% Total provisions, net (434.3
Slide 21: Erratum
Erratum [] On slide 16 we changed the title from Net Fees to Fees. The numbers on the slide remained unaltered. 21 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly a
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