Fe de Erratas. Due to changes in some of the information of third quarter 2012 ( 3Q12), please see Fe de erratas on slide 21

Transcription

1 Fe de Erratas Due to changes in some of the information of third quarter 2012 ( 3Q12), please see Fe de erratas on slide 21 X

2 3Q12 Earnings Presentation 1

3 The information presented here is exclusively informative and illustrative. It is not, nor does it pretend to be a source of legal or financial consultation regarding any issue. The financial information and projections presented are based on information and calculations carried out internally by DAVIVIENDA and may be subjected to changes and adjustments. Any change in the current circumstances may affect the validity of the information or of the conclusions. The examples given shouldnʼt be taken as a guarantee for future projections and it is not expressly or implicitly assumed or obliged in relation with the reserves expected in the future. DAVIVIENDA expressly states that it does not accept any responsibility regarding actions or decisions taken or not taken based on the information here presented. DAVIVIENDA does not accept any type of responsibility for loses that may result from performing the proposals or recommendations presented in this document. DAVIVIENDA is not responsible for the contents provided by a third party. DAVIVIENDA may have communicated, and may communicate in the future, information which is inconsistent with the one presented here. These balance statements have been prepared in accordance with the accountability principles generally accepted in Colombia, and they are presented in nominal terms. The P&L statement corresponding to the quarter which ended on September 30st will not necessarily constitute an indication of the expected P&L for any other period. 2

4 Content Third Quarter Highlights Third Quarter 2012 Results 3

5 Third Quarter Highlights Summary of Main Figures - 3Q12 COP billion Sep 2011 Sep 2012 Variation Sep12/Sep11 Loans, net 24,383 27,786 14% Equity 3,880 5,169 33% Net income accumulated % 1 Loans quality 1.48% 1.59% 2 2 Coverage 357% 302% 3 3 ROAE 14.0% 15.7% 1. Loan quality : Loans > 90 days. 2. Coverage: Provisions / Loans > 90 days 3. ROAE = Net income (12 months) / Average Equity 4

6 Third Quarter Highlights During this Quarter Davivienda Contributed to the Construction of Households and Companies Growth Disbursements 1 2 Balance Payroll 44% 16% Credit Cards 6% 22% Social Housing 12% 29% SMEs 30% 37% Focusing its growth in these particular segments and products Participation in major infrastructure project financing, such as the Bicentennial Pipeline Colombia and stage II of the Ruta del Sol, as well as the expansion of Davivienda s clients within Central America. 1. Growth of disbursements 3Q12 compared to 3Q11 2. Growth of balances as of September 2012 compared with September

7 Third Quarter Highlights Update on the HSBC Acquisition Process in Central America Processes ready for the integration The approvals are pending for the next days Main Attributes Diversified portfolio. Ratio between loans and deposits of 80% Wide coverage HSBC Davivienda Total % Growth Clients (thousand) 834 4,548 5,382 18% Branches % Employees 3,871 12,470 16,341 31% 6

8 Third Quarter Highlights Main Figures Pro Forma as of September Including HSBC C.A. COP trillion Davivienda HSBC CA Davivienda Consolidated with HSBC CA 1 Assets Gross Loans Mortgage Commercial Consumer Good Will Liabilities Deposits Equity Net Income accumulated ROAE 15.7% 6.6% 15.8% 1. Includes deletion and homogenization effect 2. Figures in COP billion. Net income from the first half of HSBC CA ($40 billion) will not be reflected in the annual consolidated results Exchange rate as of September 2012: 1 US$ / COP 1,

9 Third Quarter Highlights DaviPlata Becomes the Number one Platform of Mobile Banking in Latam Beginning in February 2013 will pay subsidies to families of the Más Familias en Acción program which will allows us to: Have nearly 1,600,000 e-wallet users and 6.3 million customers. Increase our presence from 187 to 500 cities Includes actual clients from Davivienda HSBC Central America and DaviPlata users 8

10 Third Quarter Highlights Other Recent Events Debt issuance program: International issuance for US$500 million in subordinated bonds, receiving bids for US$3 billion. In August, we placed $500 billion in senior bonds which had a bid-to-cover of 2.7 times the offered amount. We opened a customer service center in Miami Merger with Confinanciera Merger of Daviviendaʼs trust companies project More than 6,000 beneficiaries from the Financial Education Program 9

11 Third Quarter Results Third Quarter 2012 Results 10

12 Third Quarter 2012 Results Assets COP trillion 9.8% 2 System assets grew by 13.6% during the year and ROA reached 1.96% % Other assets Cash Investments, net Loans, net ROAA 1 Sep 11 Jun 12 Sep % 1.96% 2.01% 1. ROAA= ( Net income 12 months / Average Assets) 2. System individual figures as of August

13 Third Quarter 2012 Results Gross Loans Portfolio COP trillion 13.4% 29.2 Growth Davivienda System Q/Q Y/Y Q/Q Y/Y % Mortgage Consumer 6.8% 20.5% 3.4% 25.1% 3.1% 6.8% 2.9% 20.2% Commercial 5.9% 15.5% 2.0% 13.2% Sep 11 Jun 12 Sep 12 Commercial Consumer Mortgage Mortgage includes Home leasing and Commercial includes microcredits 1. System individual figures as of August

14 Third Quarter 2012 Results Gross Loans Portfolio Quality and Coverage Total Loans 258.7% 356.6% 307.8% 302.1% 2.47% 1.48% 1.55% 1.59% Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 NPL Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Coverage Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 NPL: Loans > 90 days Coverage: Provisions / Loans > 90 days 13

15 Third Quarter 2012 Results Loans by Type Quality and Coverage Consumer 393.8% 382.6% 336.6% 329.4% 220.8% Commercial 420.4% 533.0% 401.0% 2.65% 2.09% 2.44% 2.46% Mar-09 Jun-09 Mar-09 Sep-09 Jun-09 Dic-09 Sep-09 Mar-10 Dec-09 Jun-10 Mar-10 Sep-10 Jun-10 Dic-10 Sep-10 Mar-11 Dec-10 Jun-11 Mar-11 Sep-11 Jun-11 Dic-11 Sep-11 Mar-12 Dec-11 Jun-12 Mar-12 Sep-12 Jun-12 Sep-12 Calidad Cobertura 1.92% Quality 0.72% 0.83% 0.82% Mar-09 Jun-09 Mar-09 Sep-09 Jun-09 Dic-09 Sep-09 Mar-10 Dec-09 Jun-10 Mar-10 Sep-10 Jun-10 Dic-10 Sep-10 Mar-11 Dec-10 Jun-11 Mar-11 Sep-11 Jun-11 Dic-11 Sep-11 Mar-12 Dec-11 Jun-12 Mar-12 Sep-12 Jun-12 Sep-12 Coverage NPL: Loans > 90 days Coverage: Provisions / Loans > 90 days Commercial Loans includes Microcredits Mortgage Loans includes Home Leasing 14 Mortgage , % 118.2% 3.80% 2.64% 2.12% 2.32% Mar-09 Jun-09 Mar-09 Sep-09 Jun-09 Dic-09 Sep-09 Mar-10 Dec-09 Jun-10 Mar-10 Sep-10 Jun-10 Dic-10 Sep-10 Mar-11 Dec-10 Jun-11 Mar-11 Sep-11 Jun-11 Dic-11 Sep-11 Mar-12 Dec-11 Jun-12 Mar-12 Sep-12 Jun-12 Sep-12

16 Third Quarter 2012 Results Sources of Funding COP trillion 9.4% % Sources of funding for the 1 system grew 12.9% conpared to August 2011 Credits 2 Bonds Deposits Loans, net / Sources of Funding Sep 11 Jun 12 Sep % 88.9% 87.7% 1. System individual figures as of August Correspond to local rediscount credits and credits with correspondent banks 15

17 Third Quarter 2012 Results Solvency - New Standard Effects Equity computes: Tier I Additional Tier I Tier II 12.5% 15.5% 3.8% 3.1% 9.5% 11.8% 18.3% 17.7% 6.2% 7.3% 13.2% 5.8% 12.1% 10.4% 7.5% Minimum standards are: Tier I: 4.5% Sep 11 Jun 12 Sep 12 Sep 12 Sep 12 + HSBC Total Solvency: 9.0% Tier I Tier II Standard will take effect in August 2013 Tier I new standard Tier II new standard 16

18 Third Quarter 2012 Results Net Profits Quarter COP billion % % Q11 2Q12 3Q12 3Q12 / 2Q % 2.6% 3Q12 / 3Q % 0.0% 4.2% 23.6% 4.6% 9.9% -7.0% 2.2% Accumulated , % , Jan-Sep 11 Jan-Sep % 3.6% 12.7% 2.8% 29.2% ROAE 14.0% 15.7% Non operational Fees and commisions Financial Margin Operation expenses Taxes ROAE: Net income (12 months) / Average Equity 17

19 Third Quarter 2012 Results Financial Margin COP billion 23.6% 12.7% Quarter % Q11 2Q12 3Q12 3Q12 / 2Q % 8.1% 9.5% 29.8% 3Q12 / 3Q % % 16.3% Accumulated 168 2, , Jan-Sep 11 Jan-Sep % 21.9% 47.0% 27.0% Investments income Loans income Financial expenses Provisions NIM (1) 7.8% 7.9% (1)NIM = Gross Financial Margin (12 months) / Average Earning Assets 18

20 Third Quarter 2012 Results Expenses COP billion 9.9% 2.8% Quarter % Q12 / 2Q12-4.7% 1.5% -8.6% 3.2% 3Q12 / 3Q % 9.1% 20.6% -30.5% 21.5% 14.0% Accumulated -5.2% 15.9% 442 1,269 1, % 13.8% 9.2% -40.7% 6.8% 12.7% 3Q11 2Q12 3Q12 Jan-Sep 11 Jan-Sep 12 Efficiency (1) 48.6% 46.5% Fees and commissions expenses Other expenses Taxes Amortization and depreciation + Good Will Efficiency = Operation expenses without Good Will / (gross financial margin + Operation income + other income and expenses, net) 19 Operation expenses Personnel expenses

21 Third Quarter 2012 Results Davivienda Individual Results and Subsidiaries COP billion Subsidiaries Assets Annual Growth Equity Annual Growth Net Income Annual Growth Banco Davivienda S.A. Bancafé Panama S.A. 37, % 5, % % 1, % % % Fiduciaria Cafetera S.A % % % Fiduciaria Davivienda S.A % % 4 9.7% Davivalores S.A % % % Total Bank and subsidiaries 38, % 5, % % Deletion and approvals (366) -8.2% (350) -10.2% % Consolidated 38, % 5, % % Davivienda Bank over the consolidated total 96% 100% 89% 20

22 Fe de Erratas Third Quarter Q12 Presentation 21

23 Thank you for your attention! 22