Banco De Bogota Sa · BVC:BOGOTA
Banco De Bogota Sa — Q2 2015 Earnings Presentation
22 slides from Banco De Bogota Sa's earnings presentation, Oct 20, 2015
Slide 1: Second Quarter 2015 Consolidated Results Conference Call
Second Quarter 2015 Consolidated Results Conference Call IFRS October 20, 2015 Investor Relations
Slide 2: Disclaimer
Disclaimer Banco de Bogotá is an issuer of securities in Colombia and is subject to the inspection and surveillance as a financial institution from the Superintendency of Finance of Colombia. Our subsidiaries are subject to inspection and surveillance from the Superintendency of Finance. As an issue
Slide 3: Main Highlights (1/2)
Main Highlights (1/2) Banco de Bogotá’s performance in 2Q2015: a) All figures included in this presentation reflect IFRS accounting, according to standards applicable in Colombia. b) Previously published IFRS figures for 1Q2015 have been revised and adjusted. c) Consolidated Assets, COP 134.3 trilli
Slide 4: Main Highlights (2/2)
Main Highlights (2/2) l) Efficiency ratios improve in 2Q2015, as follows: • Cost to income ratio of 44.8%, Vs 46.2% in 2Q2014 and 45.1% in 1Q2015. • Operational expenses to average total assets ratio stays at 3.4% for all three periods. m) Net Income was COP 479 billion in 2Q2015, increasing 19.7% f
Slide 5: Macroeconomic Overview: Colombia (1/3)
Macroeconomic Overview: Colombia (1/3) Colombian and World GDP Growth (YoY %) GDP Growth Expectations (YoY %) 7.9 5.0% 6.3 6.3 6.6 5.9 6.1 6.1 6.5 5.8 5.0 4.7 4.9 4.5% 4.2 4.2 4.6 4.0 3.4 2.5 2.9 2.8 2.8 3.0 4.0% 3.5% 3.0% I II III IV I II III IV I II III IV I II III IV I II Year Year Year Year 2015
Slide 6: Macroeconomic Overview: Colombia (2/3)
Macroeconomic Overview: Colombia (2/3) Inflation (YoY %) Inflation Expectations for 2015 y 2016 (%) 2015 E 2016 E 6.0 5.4 5.0% 5.5 5.0 4.6 4.5% 4.3% 4.5 3.7 4.0 3.4 3.5 3.1 4.0% 2.9 3.0 2.3 2.3 3.5% 2.5 1.9 3.5% 2.0 1.5 3.0% dec-11 dec-12 dec-13 dec-14 sep-11 jun-12 sep-12 jun-13 sep-13 jun-14 sep-1
Slide 7: Macroeconomic Overview: Colombia (3/3)
Macroeconomic Overview: Colombia (3/3) Peso Vs WTI (US$/Barrel) Peso vs. Emerging Markets’ Currencies Peso Colombiano 190 WTI (US$ - Lhs) COP Exchange Rate Real Brasilero 110 Peso Mexicano 170 Peso Chileno 3,000 Nuevo Sol Peruano 90 150 2,500 70 130 50 2,000 110 30 1,500 90 Mar-15 Sep-14 Sep-15 Jun-
Slide 8: Macroeconomic Overview: Central America
Macroeconomic Overview: Central America GDP Growth (YoY%) 2014 2015 E 7.0 6.2 6.1 6.0 5.0 4.7 4.6 4.2 4.0 4.0 3.9 3.8 4.0 3.5 3.1 3.3 3.0 2.5 2.0 2.0 1.0 - ES HO CR GU CENAM NI PA Source: International Monetary Fund. Inflation (%) Central Bank Rate (%) dec-13 dec-14 Source: SECMCA. 8
Slide 9: Balance Sheet Structure
Balance Sheet Structure Total Assets (Trillion COP) Growth excl. depreciation of COP 2Q15/2Q14: 9.8% 2Q15/2Q14: 25.6% 2Q15/1Q15: 2.6% 2Q15/1Q15: 2.6% 130.9 134.3 106.9 2Q-14 1Q-15 2Q-15 Assets Breakdown 2Q-14 1Q-15 2Q-15 Foreign Foreign Foreign Operation (1) Operation (1) Operation (1) 32.0% 38.0% 3
Slide 10: Loan Portfolio Breakdown by Business Segment
Loan Portfolio Breakdown by Business Segment (COP Trillion) Gross Loan Portfolio (COP Trillion) Growth excl. depreciation of COP 2Q15/2Q14: 31.0% 2Q15/2Q14: 13.2% 2Q15/1Q15: 4.8% 2Q15/1Q15: 4.8% 83.1 79.3 63.5 2Q-14 1Q-15 2Q-15 Gross Loan Portfolio Breakdown (COP Trillion) Growth excl. Growth (%) de
Slide 11: Loan Portfolio Quality - Consolidated (1/5)
Loan Portfolio Quality - Consolidated (1/5) 30 days PDLs / Gross Loans NPLs (1) / Gross Loans Cost of Risk (2) 30 days PDLs / Gross Loans NPLs / Gross Loans Loan Provision Expenses, net / Average Loans Provision Expense / Average Loans 2.4% 2.3% 2.3% 1.7% 1.6% 1.5% 1.5% 1.6% 1.4% 1.7% 1.6% 1.6% 2Q-1
Slide 12: Loan Portfolio Quality - Colombia (2/5)
Loan Portfolio Quality - Colombia (2/5) 30 days PDLs / Gross Loans NPLs (1) / Gross Loans Cost of Risk (2) 30 days PDLs / Gross Loans NPLs / Gross Loans Loan Provision Expenses, net / Average Loans Provision Expense / Average Loans 2.2% 2.3% 2.4% 1.7% 1.8% 1.8% 1.8% 1.8% 1.5% 1.6% 1.6% 1.7% 2Q-14 1Q
Slide 13: Loan Portfolio Quality – Central America (3/5)
Loan Portfolio Quality – Central America (3/5) 30 days PDLs / Gross Loans NPLs (1) / Gross Loans Cost of Risk (2) 30 days PDLs / Gross Loans NPLs / Gross Loans Loan Provision Expenses, net / Average Loans Provision Expense / Average Loans 2.6% 2.3% 2.3% 1.3% 1.0% 1.5% 1.3% 1.5% 1.0% 1.5% 1.4% 1.4% 2
Slide 14: Loan Portfolio Quality – Consolidated (4/5)
Loan Portfolio Quality – Consolidated (4/5) 30 days PDLs NPLs (1) 2Q-14 1Q-15 2Q-15 2Q-14 1Q-15 2Q-15 Commercial 1.5% 1.5% 1.5% 1.1% 1.1% 1.1% Consumer 4.7% 4.3% 4.5% 3.2% 2.9% 3.0% Mortgage 2.5% 2.3% 2.2% 1.6% 1.5% 1.5% Microcredit 9.9% 10.6% 10.0% 9.9% 10.6% 10.0% Total Loans 2.4% 2.3% 2.3% 1.7% 1
Slide 15: Loan Portfolio Quality - Colombia and Central America (5/5)
Loan Portfolio Quality - Colombia and Central America (5/5) Colombia 30 days PDLs NPLs (1) 2Q-14 1Q-15 2Q-15 2Q-14 1Q-15 2Q-15 Commercial 1.5% 1.6% 1.6% 1.3% 1.2% 1.3% Consumer 5.4% 5.2% 5.6% 3.9% 3.7% 3.9% Mortgage 0.6% 1.1% 1.6% 0.3% 0.7% 0.8% Microcredit 9.9% 10.6% 10.0% 9.9% 10.6% 10.0% Total Lo
Slide 16: Funding
Funding Funding (COP Trillion) Deposits (COP Trillion) 2Q15/2Q14: 8.4% Growth excl. Growth excl. 2Q15/2Q14: 8.8% 2Q15/1Q15: 3.1% depreciation of COP depreciation of COP 2Q15/1Q15: 2.5% Bonds Interbank and Overnight Time Deposits Saving Accounts Checking Accounts Others Borrowings from banks and othe
Slide 17: Equity and Capital Adequacy
Equity and Capital Adequacy Total Equity Shareholders’ Equity (COP Trillion) (COP Trillion) Shareholders' Equity Non-controlling Interest 2Q15/2Q14: 25.5% 2Q15/2Q14: 20.1% 2Q15/1Q15: 4.8% 2Q15/1Q15: 4.4% 11.0 11.6 9.2 14.8 15.5 12.9 3.9 3.8 3.7 11.0 11.6 2Q-14 1Q-15 2Q-15 9.2 Shareholders’ Equity +
Slide 18: Net Interest Margin
Net Interest Margin Quarterly Net Interest Margin Net Interest Income (Billion COP) 2Q-14 1Q-15 2Q-15 2Q15/2Q14 2Q15/1Q15 1,035.3 1,264.7 1,214.2 17.3% -4.0% Net Interest Margin on Investments (1) Net Interest Margin on Loans (2) Net Interest Margin (3) 6.1% 6.1% 6.2% 6.1% 6.1% 5.4% 5.3% 5.3% 5.6% 5
Slide 19: Net Income from Fees and Other Operating Income
Net Income from Fees and Other Operating Income Net Fees (COP Billion) (1) Fee Income Breakdown, 2Q-2015 2Q-15: COP 814 Billion 2Q15/2Q14: 22.3% 2Q15/1Q15: 2.9% Fiduciary Others (2) activities 5.6% Banking 727.3 748.4 Services 5.2% 612.0 37.2% Pension plan management 23.9% Credit and debit card 2Q-1
Slide 20: Efficiency (COP Billion)
Efficiency (COP Billion) Efficiency Ratio (1) 46.1% 45.1% 44.8% 2Q-14 1Q-15 2Q-15 Operating Expenses / Average Assets (2) 3.4% 3.4% 3.4% 2Q-14 1Q-15 2Q-15 1/ Operating Expenses before Depreciation & Amortization / Total Operating Income before Provisions. 2/ Operating Expenses before Depreciation &
Slide 21: Net Income and Profitability
Net Income and Profitability (COP Billion) Net Income (COP Billion) 2Q15/2Q14: 19.7% 2Q15/1Q15: -9.0% 527.0 479.4 400.6 (1) 2Q-14 1Q-15 2Q-15 ROAA (2) 2.1% 2.3% 2.1% ROAE (3) 17.9% 19.2% 17.4% (1) In 1Q2015 there is no payment of Equity Tax. (2) Net Profit Attributable to Shareholders for the period
Slide 22: Contact Information
Contact Information María Luisa Rojas Giraldo Martha Inés Caballero Leclercq Julián Andrés Rodríguez Casas Chief Financial Officer Investor Relations Officer Investor Relations Tel.: (571) 338 3415 Tel.: (571) 332 0032 Ext. 1467 Tel.: (571) 332 0032 Ext. 1973 mrojas@bancodebogota.com.co mcabal1@banc