Banco de Bogotá Corporate Presentation
The Issuers Recognition-IR granted by the Colombian Securities Exchange is not a certification about the quality of the securities listed at BVC nor the solvency of the issuer. 1 Business Overview – 1Q2021
✓ Founded in 1870, Banco de Bogotá is Colombia’s oldest financial institution and Banco de Bogotá’s Structure the principal subsidiary of Grupo Aval, the leading financial group in Colombia. Main Subsidiaries ✓ Universal bank with a strong presence in the commercial and consumer lending Associated segments. (5) (5) (6) ✓ Listed on the Colombian Stock Exchange (BVC), Banco de Bogotá’s market capitalization as of March 31, 2021, was USD $7.0Bn. Central American Panamenian Pension Merchant Banking Group Bank Fund Bank Regional Franchise Grupo Aval 20.0% 8.4% Banco de Bogotá 100.0% 99.6% 46.4% 34.1% Colombia(1) Banco de Occidente 24.2% 4.1% #1 Net Income Banco Popular 5.1% #2 Assets Otros 0.4% 9.4% 48.3% Total 100.0% 100.0% 100.0% 100.0%
Breakdown by Geography (7)
| Costa Rica Assets Net Income USD$59.2 billion USD$209.4 million Central America(2)
#1 Assets, Loans, Deposits and Net Income
Total Distribution 44.6% Network 51.1% 48.9% Ownership 55.4% Grupo AvaI 68.7% ATMs Other Companies 3,880(3) Consolidated Ratios(8) owned by Mr. 8.3% ROAA: 1.4% Branches ROAE: 13.5% Sarmiento Angulo Others 23.0% 1,3854) Colombian operation Central American operation Total 100.0%
Sources: Company information. (1) Rankings as of March 31, 2021. Net income figures are non-consolidated. (2) Rankings as of March 31, 2021. Calculated based on data aggregated from the local bank superintendencies of Costa Rica, El Salvador, Guatemala, Honduras, Panama and Nicaragua. (3) Reflects aggregate number of ATMs of Banco de Bogotá, BAC Credomatic and Multi Financial Group as of March31, 2021. (4) Reflects aggregate number of branches of Banco de Bogotá, Porvenir, Banco de Bogotá Panamá, Almaviva, Fiduciaria Bogotá, BAC and Multi Financial Group (MFG) as of March 31, 2021. Banco de Bogotá,BAC Credomatic and MFG jointly account for 1,259 branches. (5) Banco de Bogotá owns BAC Credomatic and Multi Financial Group through Leasing Bogotá Panamá. (6) Banco de Bogotá controls Porvenir through shareholders agreements with Grupo Aval and Banco de Occidente. (7) 2 As of March 31, 2021. Exchange Rate: $3,678.62; Net Income for the quarter (as of March 31, 2021). (8) Annualized ratios. Milestones in Banco de Bogotá’s Evolution
1870 – 1987
1870 – Banco de Bogotá starts 1924-1928 - Merger with 1967 - 1980 – Opening of branches 1987 – Banco de Bogotá is operations on November 15 as a different regional Banks and Subsidiaries abroad (Panama, acquired by Sarmiento financial institution. New York, Nassau and Miami). Organization.
1988 - 2003 1988 – 2003 - Development of an attention and differentiated service model. Important investment in technology, consolidating nationwide coverage and leadership position.
1992 – Acquisition and merger 1992 - Establishment of Fidubogotá, Leasing with Banco del Comercio Porvenir and Porvenir Pension Fund.
2004 - 2009
2005 - Merger of Corficolombiana 2006 - Banco de Bogotá 2007 - Merger of Fidubogotá 2009 - Merger of Grupo Aval’s and Corfivalle. acquires and merges with and Fiducomercio stockbrokers: Casa de Bolsa. Megabanco, strengthening the retail banking segment.
2010 - 2020 2013 - Acquisition of 100% of BBVA’s ownership in BBVA Panamá 2018 - 2019 – Digital products’ launch: Savings Accounts, and acquisition of Grupo Financiero Reformador in Guatemala. Credit Cards, Personal Loans, Payroll Loans and Housing 2010 - Acquisition of BAC - Issuance of Common Shares ($1.3 trillion pesos). Loans. Credomatic, Central American - International Bond Issuance: US$500 million Subordinated Notes. 2020 – Acquisition of Multi Financial Group, owner of financial group, enhancing our 2016 – The Bank ceded control of Corficolombiana to Grupo Aval. Panamanian Bank Multibank strengthening our market international presence. - Subordinated bond issuance on international markets of US$600 share. -Mandatory Convertible Bonds million, and issuance reopening of US$500 million. - US$520 million AT1 instrument issued by BAC issuance ($2.3 trillion pesos). 2017 - The Bank ceded control of Casa de Bolsa to Corficolombiana Credomatic, with capital treatment in Panama and in S.A. Colombia. - International Ordinary Bond Issuance (US600 million) - First Green Bond issuance of $300 billion pesos. - Launch of Banco de Bogotá’s Digital LAB.
3 Our Business Pillars
Transformation & 3 Digitalization 1. Well Diversified Operation • Resilient net income • Synergies across business lines
2. Economies of Scale & Ecosystems • BdB and subsidiaries serve more than 24.6 MM customers on 11 countries • Top 2 leader in net income market share in Colombia over the last 10+ years
3. Transformation & Digitalization • Focus on customer experience and efficiency • Omnichannel approach
1 2
Well Diversified Economies of Scale Operation & Ecosystems 4 1. A Bank with Diversified Operations and International Recognition
President President President Rodolfo Tabash Rodolfo Tabash Miguel Largacha Central American Financial Panamanian bank with over Largest private pension and 100.0% Group leader in the regional 99.57% 30 years of operations, main 46.39%* severance funds manager in banking operation. subsidiary of Multi Financial Colombia. Group.
President President General Manager Buenaventura Osorio Ivan Rodríguez Adriana Cuervo Execution and management General Warehouse, Customs Technical and administrative 94.99% of Mercantile Trust and Trust 94.93% Agent and Integral Logistics 94.90% services company. CEO Funds Agreements. Operator. Alejandro Figueroa
Universal Bank with a wide portfolio of products General Manager International licenses to carry out Banking Businesses. and services. Presence José Manuel Ayerbe Miami and New York agencies, authorized to perform across Colombia. Electronic deposits and Investment Portfolio Management, focused on Banco Agencies in Miami, New 38.90% payments society (SEDPE), de Bogotá’s corporate and institutional clients with a York and Panama. 1/ offers 100% digital payment 100.0% full range of services. solutions.
“Outstanding “Bank of the “Bank of the “Best in Lending Crisis “Best Bank in “Best Bank in Year in Year in in Latin America Leadership Colombia 2020” Colombia 2020” Colombia 2020” Colombia 2020” – Digital 2020” Consumer Bank 2020”
1/ For further information on Banco de Bogotá’s products and services, visit www.bancodebogota.com. (*) Includes direct and indirect ownership. Banco de Bogotá controls Porvenir through shareholders agreements with Grupo Aval and Banco de Occidente. 5 2. Economies of Scale & Ecosystems
Value creation for our customers is the outcome of successfully achieving our strategic goals supported on a long-term sustainable approach provided by our Senior Management team and executed by our human talent.
24.6 million 42,165 1,385 3,880 37,470 Customers 1 Employees 1 Branches 1 ATMs 2 Banking Correspondents 2 Market Share in Colombia 3 Benefits
31.1% • Ensure different points of contact with our customers in order to strengthen our service model and support 14.7% 13.3% 12.6% cross-selling. • Nurture unique attention channels to identify potential Assets Gross Deposits Net customers and segments. Loans Income • Create synergies across businesses which lead to more Market Share in Central America 4 efficient operations and favors greater IT investments. 15.5% 11.5% 12.7% 12.0% • Our scale allows us to feed our data sources, enabling us to enrich our added value proposal for our customers.
Assets Net Loans Deposits Net Income 1. Reflects aggregate number of Customers, Employees and Branches of Banco de Bogotá, Porvenir, Banco de Bogotá Panamá, Almaviva, Fiduciaria Bogotá, BAC and MultiFinancial Group (MFG) as of March 31, 2021. Banco de Bogotá, BAC Credomatic and MFG jointly account for 1,259 branches. 2. Includes ATMS and Banking Correspondents from Banco de Bogotá, BAC Credomatic and MFG. 3. Source: Colombian Financial Superintendence. Net Income for the period (March 2021). Gross Loans include capital portion only and excludes Repos and Interbank Loans. Deposits include other deposits. 4. Source: Central American Superintendencies; estimations made by Banco de Bogotá based on consolidated financial statements. 6 3. Transformation & Digitalization
Sales Channel Transformation Service Channel Transformation
Total Consolidated Digital Sales (k) 1 Active Digital Clients (k)
∆ CAGR 64.3% BdB + BAC 7 out of 10 ∆ CAGR 33.5% 2,650 423 452 Products sold in Colombia 2,058 1,487 Outstanding 168 and 3 out of 10 Consumer Ratings in our Banking App sold in CenAm are digital 1Q-2019 1Q-2020 1Q-2021 1Q-2019 1Q-2020 1Q-2021 4.3 4.5
Service Channel Transformation Omni-channel strategy
Total Digital Transactions (MM) Share of digital Tx Optimization of our footprint BdB + BAC BdB + BAC # Full Service Branches ∆ CAGR 26.4% ∆ -17% 502 86% 956 391 of all transactions 314 809 794 were performed 46 through digital digital branches channels as of 1Q-2021. 1Q-2019 1Q-2020 1Q-2021 2019 2020 2021 (1Q)
1. Digital sales are those performed through all our digital channels, including tablets. Sales figures Include the following products: Savings Accounts (excluding retired workers savings accounts), Credit Cards, Personal Loans (Libre destino), Insurances, Mortgage Loans, Loan Purchases, Payroll Advance (ADN), Term Deposit Certificate (CDT), Payroll loans, Affiliations, Automatic Charges, Minicuotas, Flash Cash, ADS and Travel. 7 Consolidated Results Confirm Banco de Bogotá’s Financial Strength
Financial Highlights Main Ratios
Variation (US$ Billions) 1Q-2020 1Q-2021 1Q-21 vs 1Q-20 1Q-2020 1Q-2021
Total Assets 56.4 59.2 5.0% Delinquency Ratio 1 3.9% 4.7%
Total Net Loans 35.6 37.2 4.5% Loan Coverage 2 1.09x 1.11x
Total Net Investments 6.1 8.7 42.5% Administrative Efficiency 3 51.5% 49.3%
Deposits 39.0 42.1 7.9% ROAA 4 1.6% 1.4%
Total Equity 5.9 6.1 2.3% ROAE 5 14.3% 13.5%
6 (US$ Millions) 1Q-2020 1Q-2021 Variation Capital Adequacy 12.3% 12.8%
Net Income (3 months) 206.1 209.4 1.6%
Figures under IFRS
1 Delinquency Ratio: Past-due Loans over 30 days / Gross Loans. 2 Loan Coverage: Allowance / Past-due Loans over 30 days. 3 Calculated as: Total other expenses / Net interest income from commissions and fees, net trading income, net income from other financial instruments mandatory at FVTPL and total other income. 4 ROAA is calculated as: Annual Net Income / Average of total assets. 5 ROAE is calculated as: Annual Net Income attributable to shareholders / Average attributable shareholders' equity. 6 Capital Adequacy is calculated under the Financial Superintendency of Colombia methodology. 8 Note: Consolidated Figures as of March 31, 2021. Exchange Rate: $ 3,678.52 www.bancodebogota.com Contact Information Julio Rojas Sarmiento - Executive Vice-President & CFO
Diego Rosas – Head of Corporate Development & FP&A | IRO
Santiago Toro – Investor Relations & Rating Agencies Manager