Grupo Aval Acciones Y Valores Sa · BVC:GRUPOAVAL
Grupo Aval Acciones Y Valores Sa — Q2 2022 Earnings Presentation
18 slides from Grupo Aval Acciones Y Valores Sa's earnings presentation, Aug 12, 2022
Slide 1: Report of 2Q2022 consolidated results
Grupo a hp) EE Report of 2Q2022 consolidated results Information reported in Ps billions“) and under IFRS (1) We refer to billions as thousands of millions.
Slide 2: Debt service coverage and leverage ratios
Debt service coverage and leverage ratios 2Q21 1Q22 2Q22 D 2Q22 vs. 1Q22 2Q22 vs. 2Q21 As of June 30th, 2022 our combined double leverage (calculated as investments in subsidiaries at book value, subordinated loans to subsidiaries, AT1 investments, and goodwill as a percentage of shareholders' equit
Slide 3: 2Q22 Consolidated Earnings Results IFRS
1 2Q22 Consolidated Earnings Results IFRS
Slide 4: Disclaimer
2 Disclaimer Grupo Aval Acciones y Valores S . A . (“Grupo Aval”) is an issuer of securities in Colombia and in the United States (“SEC”) . As such, it is subject to compliance with securities regulation in Colombia and applicable U . S . securities regulation . Grupo Aval is also subject to the ins
Slide 5: Consolidated key results for the quarter
3 Consolidated key results for the quarter Gross loans e xcludes interbank and overnight funds . PDLs 90 + defined as loans more than 90 days past due . Cost of Risk c alculated as Impairment loss on loans and other accounts receivable net of recoveries of charged - off assets divided by average gro
Slide 6: Macroeconomic context - Colombia (1|2)
4 5.62% 0% 2% 4% 6% 8% 10% 12% Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 12-Month inflation Lower target range Upper target range 10.21% Jul - 22: Dec - 21: -17% -7% 3% 13% Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Real GDP growth Inflation Colombian Central Bank's Interest rate 9.00% 10.21% 8.15% (5.2%) (6.4%) (
Slide 7: Macroeconomic context - Colombia (2|2)
5 - 5.6 - 3.6 - 2.0 - 2.3 - 3.3 - 3.2 - 3.2 - 4.0 - 3.6 - 3.1 - 2.5 - 7.8 - 7.1 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Real fiscal deficit Projected fiscal deficit (Jun - 2022) 9.3% 9.5% 10.4% 15.9% 13.8% 10.6% 10.8% 11.2% 18.4% 15.2% 2017 2018 2019 2020 2021 LTM average na
Slide 8: Assets
6 Assets Assets breakdown (%) Total assets (1) Pro - forma Total assets, net loans and leases, fixed income investments, unconsolidated equity investments and other assets for 2 Q21 are calculated based on the reported consolidated figures excluding BHI’s contribution to these numbers. (2) Net loans
Slide 9: Gross loans and their breakdown
7 (1) Pro - forma Gross Loans and their breakdown for 2Q21 are calculated based on the reported consolidated figures excluding BHI’s con tribution to these numbers. 147.7 158.3 166.6 Pro forma 2Q21 1Q22 2Q22 Y/Y% = 12.8% Q/Q% = 5.2% Loans and receivables Gross loans Gross loans breakdown Figures in
Slide 10: Loan portfolio quality
8 Loan portfolio quality Charge offs / Average 90+ PDLs Cost of Risk Quality Coverage Pro forma 2Q21 1Q22 2Q22 5.53% 4.65% 4.38% 4.27% 3.53% 3.33% 30 days PDLs / Gross loans 90 days PDLs / Gross loans 2.35% 2.07% 1.77% 2.05% 1.73% 1.40% Impairment loss / Average gross loans Impairment loss, net / Av
Slide 11: Loan portfolio quality: days past due formation
9 Loan portfolio quality 30 days past due formation (1) 90 days past due formation (2) Loans and coverage by Stages (%) Pro - forma PDLs, charge - offs, gross loans, allowances and breakdown by stages and type for 2Q21 are calculated based on the repor ted consolidated figures excluding BHI’s contri
Slide 12: Funding and deposits
10 148.3 152.7 160.0 Pro forma 2Q21 1Q22 2Q22 Y/Y% = 7.9% Q/Q% = 4.8% = 1.06x 0.99x 1.00x Funding breakdown (%) Pro forma 2Q21 1Q22 2Q22 Deposits 72.1% 70.9% 70.0% Banks and others 9.1% 9.8% 11.4% Bonds issued 14.2% 14.1% 14.0% Interbank borrowings 4.7% 5.2% 4.6% Funding (1) Pro - forma Total fundin
Slide 13: Capital adequacy and shareholders' equity
11 2Q21 1Q22 2Q22 2Q21 1Q22 2Q22 2Q21 1Q22 2Q22 2Q21 1Q22 2Q22 Core Equity Tier 1 8.9 10.4 10.0 11.4 10.0 10.3 11.8 12.4 12.1 12.5 10.8 10.6 AT1 1.2 - - - - - - - - - - - Primary capital (Tier 1) 10.2 10.4 10.0 11.4 10.0 10.3 11.8 12.4 12.1 12.5 10.8 10.6 Solvency Ratio 12.5 13.0 12.8 13.7 11.0 11.2
Slide 14: NIM – Net Interest Margin
12 NIM – Net Interest Margin Net Interest Margin (3) Loans Interest Margin (4) Net Investments Margin (5) Net Interest Income (3) (Trillions) Pro - forma Net Interest for 2Q21 is calculated based on the reported consolidated figures excluding BHI’s contribution to these numbers. (1) Pro - forma rati
Slide 15: Fees, other operating income and discontinued operations
13 Fees, other operating income and discontinued operations Gross fee income Other operating income Non - financial sector (*) (*) Net income from sales of goods and services (**) Reflects net NFS from Nexa BPO, Megalinea and Aportes en L ínea call - centers and other subsidiaries (**) (1) Pro - for
Slide 16: Efficiency ratios
14 2.7% 2.6% 2.6% Pro forma 2Q21 Pro forma 1Q22 2Q22 Efficiency ratios Cost to income (1) Cost to assets (2) Pro - forma total other expenses, net interest income, net income from commissions and fees, net income from sales of goods and services, net trading income, net income from other financial i
Slide 17: Profitability as reported
15 949.5 1,729.7 675.5 2Q21 1Q22 2Q22 $29.7 $77.6 $42.6 Profitability as reported Figures in Ps. Billions Net income attributable to controlling interest ROAA reported (2) ROAE reported (3) (1) The outstanding shares at the end of March 31, 2022 were 22,281,017,159 shares and the outstanding shares
Slide 18: Signature
16 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 authorized. Date: August 11, 2022 GRUPO AVAL ACCIONES Y VALORES S.A. By: /s/ Jorge Adrián Rincón Plata Name: Jorg
Grupo Aval Acciones y Valores — Q2 2022 Earnings Presentation on 6ix