Gentera SAB de CV · BMV:GENTERA
Gentera SAB de CV — Q2 2018 Earnings Presentation
40 slides from Gentera SAB de CV's earnings presentation, 2018
Slide 1: Corporate Presentation 2Q18
Corporate Presentation 2Q18
Slide 2: Disclaimer
Disclaimer This presentation is not an offer to sell, or a solicitation of an offer to buy any interest in any security or investment product. Such offer or solicitation may only be made by means of delivery of an offering memorandum, which will contain a description of the material terms (including
Slide 3: Index
Index 1) About Gentera 4 a) History b) Sense of Purpose c) Corporate structure d) Corporate Governance e) Values and strategy f) Products and potential market g) Yastás, Aterna and Intermex 2) Growth & profitability 18 a) Clients b) Portfolio and NPL´s c) ROAA and ROEE d) Efficiency Ratio 3) Financi
Slide 4: About Gentera
About Gentera
Slide 5: Our history, more than 27 years of evolution
Our history, more than 27 years of evolution 3,194,423 2Q18* clients *3,008,256 credit clients and 186,167 clients from savings, remittances and insurance products 5
Slide 6: Leader of Financial Inclusion and with a clear Philosophy
Leader of Financial Inclusion and with a clear Philosophy We are the entrepreneur group, leader of financial inclusion in the underserved segment. We provide appropriate and accessible financial services through each of our companies, generating shared value in the countries we operate: Mexico, Peru
Slide 7: Corporate structure with the purpose of serving more clients
Corporate structure with the purpose of serving more clients • Compartamos (Mexico-Peru-Guatemala).- Leader in financial solutions for the sub-served segment. • Yastás (Mexico).- Correspondent network manager. • Aterna (Mexico-Peru-Guatemala).- Leading agent in microinsurance. • Intermex (México).-
Slide 8: Best practices in Corporate Governance
Best practices in Corporate Governance Board of Directors (11 members) Code 7 Independet Board Code of Good Corporate members Governance, which contains the regulations of the Board of Directors 4 Related Board members Code of Ethics and Conduct of utmost importance for Gentera, which applies to cou
Slide 9: Potential market for working capital loans
Potential market for working capital loans Mexico Peru Competitors A/B A/B Opportunity *Working Consumer C Capital Loans C Loans Peru D Mexico D Opportunity E Guatemala E New Competitors Traditional A/B Banks C Great Opportunities D C&D Guatemala E 9
Slide 10: Group loans in Mexico
Group loans in Mexico Crédito Mujer (CM) General Characteristics: • Loan size • Contribution to loan portfolio Ps. 4,000 to Ps. 60,000 55% › Group loan for working capital purposes • Average ticket • Contribution to number of clients › Groups of 10 to 50 women Ps. 7,566 65.03% › Group guarantee • Te
Slide 11: Individual loans in Mexico
Individual loans in Mexico Personal loans General Characteristics: • Loan size • Contribution to loan portfolio Ps. 20,000 to Ps. 200,000 11.8% › Working capital loan • Average ticket • Contribution to number of clients › Fixed assets and investments Ps. 20,469 5.2% › Mainly in urban areas › Persona
Slide 12: Other loans in Mexico
Other loans in Mexico Improvement loans for Crédito Mujer and Crédito Comerciante General Characteristics: • Loan size • Contribution to loan portfolio Ps. 8,000 to Ps. 30,000 CM: 8.9% CCR: 2.0% › Personal credit to maintain or improve the • Average ticket CI: 0.1% client's house or business. CM: Ps
Slide 13: Evolution in group and individual loans methodologies (2015-2Q18)
Evolution in group and individual loans methodologies (2015-2Q18) BANCO COMPARTAMOS, S.A. I.B.M. 2.0% 2Q 2.0% 55.0% 20.2% 8.9% 11.9% 18 2.1% Dic 2.1% 52.3% 21.1% 10.3% 12.1% -17 2.3% Dic 2.2% 49.9% 24.0% 10.9% 10.7% -16 2.4% Dic 0.4% 50.1% 23.8% 13.1% 10.2% -15 C. Mujer C. Comerciante C. Crece y Mej
Slide 14: Market distribution per subsidiary
Market distribution per subsidiary % Total loan portfolio and average ticket Clients per subsidiary Ps 19,739 Ps3,976 Ps 6,044 3,008,256 1.8% clients 3.2% 17.3% 31.9% Mexico Mexico 66.3% Peru Peru Guatemala 79.5% Guatemala Ps 8,944 Mexico has an opportunity to serve more clients in D and C segment 1
Slide 15: Yastás (correspondent network manager)
Yastás (correspondent network manager) Presence in 32 Mexican States As of 2Q18 reached more than 2,954 affiliates. Executed 1.8 million financial transactions during the quarter, 2.0% more compared to 2Q17. More than 50 services affiliated to Yastas platform. Example of Dynamics 2% 4% 5% 27
Slide 16: Aterna (microinsurance broker)
Aterna (microinsurance broker) Products: Life: Aterna offers life insurance products to provide security to our customers and their families. 2Q18 Health and Accidents: Trough this coverage 2Q18 Active Life Insurance + 5 million Aterna seeks to avoid a destabilization in the Policies economy of our
Slide 17: Intermex (remittances company)
Intermex (remittances company) • It processed more than $ 7.1 billion pesos in remittances payments in 2Q18 • It has more than 2,800 points of payment to execute remittances payments. • During the first 5 months of 2018, international remittances received in Mexico represented an annual growth of 11
Slide 18: Growth and Profitability
A eS Growth and _ Profitability 7 a
Slide 19: Summary
Summary % Change % Change 2Q18 2Q17 1Q18 2Q17 1Q18 Clients 3,194,423 3,588,964 3,189,280 -11.0% 0.2% Portfolio 32,258 31,426 31,596 2.6% 2.1% Net Income 821 795 726 3.3% 13.1% NPLs / Total Portfolio 2.90% 3.95% 4.11% -1.05 pp -1.21 pp ROA 7.2% 7.7% 6.8% -0.5 pp 0.4 pp ROE 19.2% 19.4% 17.1% -0.2 pp 2
Slide 20: Total Portfolio – NPL %
Total Portfolio – NPL % Gentera (Ps. million) Mexico - Banco (Ps. million) 32,074 31,596 32,258 31,426 31,221 23,421 22,689 21,908 21,820 21,390 4.37% 4.58% 3.95% 4.18% 4.11% 4.17% 3.26% 3.28% 2.90% 2.94% 2Q17 3Q17 4Q17 1Q18 2Q18 2Q17 3Q17 4Q17 1Q18 2Q18 Peru (Ps. million) Guatemala (Ps. million) 10
Slide 21: NIM (%) after provisions
NIM (%) after provisions Gentera Mexico - Banco 45.5% 56.6% 56.0% 43.5% 43.4% 43.8% 43.2% 54.1% 53.2% 52.8% 2Q17 3Q17 4Q17 1Q18 2Q18 2Q17 3Q17 4Q17 1Q18 2Q18 Peru Guatemala 21.1% 21.4% 72.7% 72.9% 73.0% 20.9% 69.9% 19.0% 19.5% 67.4% 2Q17 3Q17 4Q17 1Q18 2Q18 2Q17 3Q17 4Q17 1Q18 2Q18 21
Slide 22: ROAA & ROAE evolution
ROAA & ROAE evolution Gentera ROAE 29.4% 25.3% 25.1% 19.2% 17.1% 22.8% 17.7% 15,929 16,805 8.9% 12,060 13,501 17,179 16,805 17,014 8,943 4Q17 1Q18 2Q18 2013 2014 2015 2016 2017 Capital ROE Gentera ROAA 11.0% 7.2% 9.1% 9.3% 6.8% 8.6% 7.0% 43,751 43,677 3.5% 30,543 25,362 36,514 43,677 42,163 48,556 4
Slide 23: Assets - ROAA
Assets - ROAA Gentera Mexico - Banco 7.7% 7.3% 9.6% 8.9% 6.8% 7.2% 8.9% 7.3% 3.5% 3.7% 41,565 41,145 43,677 42,163 48,556 28,181 27,613 27,411 26,722 30,079 2Q17 3Q17 4Q17 1Q18 2Q18 2Q17 3Q17 4Q17 1Q18 2Q18 Peru Guatemala (Ps. million) 4.5% 8.0% 3.0% 4.2% 3.9% 4.7% -1.6% 2.3% 1.7% 1.8% 8,900 9,517 1
Slide 24: Equity - ROAE
Equity -ROAE Gentera Mexico - Banco 18.2% 19.2% 19.4% 17.1% 23.1% 20.8% 8.9% 20.8% 18.9% 8.7% 16,100 16,838 16,805 17,179 17,014 11,693 12,316 11,210 11,809 10,278 2Q17 3Q17 4Q17 1Q18 2Q18 2Q17 3Q17 4Q17 1Q18 2Q18 Peru Guatemala (Ps. million) 23.8% 13.9% 8.9% 12.3% 4.3% 5.2% 4.6% 9.2% -1.8% 7.6% 1,9
Slide 25: Efficiency Ratio
Efficiency Ratio Gentera Mexico - Banco 89.2% 92.0% 73.9% 74.5% 75.1% 76.3% 79.1% 74.2% 75.7% 75.4% 2Q17 3Q17 4Q17 1Q18 2Q18 2Q17 3Q17 4Q17 1Q18 2Q18 Peru Guatemala 88.5% 92.0% 101.0% 85.6% 79.3% 90.6% 91.3% 89.8% 72.1% 82.8% 2Q17 3Q17 4Q17 1Q18 2Q18 2Q17 3Q17 4Q17 1Q18 2Q18 Efficiency Ratio: Operat
Slide 26: Financial Information 2Q18
Financial Information 2Q18
Slide 27: Balance Sheet
Balance Sheet % Change % Change 2Q18 2Q17 1Q18 2Q17 1Q18 Cash and other investments 8,521 5,830 46.2% 5,133 66.0% Total performing loans 31,321 30,184 3.8% 30,298 3.4% Non-performing loans 937 1,242 -24.6% 1,298 -27.8% Total loan portfolio 32,258 31,426 2.6% 31,596 2.1% Allowance for loan losses 2,0
Slide 28: Income Statement
Income Statement % Change % Change 2Q18 2Q17 1Q18 2Q17 1Q18 Interest income 5,113 5,204 -1.7% 5,016 1.9% Interest expense 385 381 1.0% 375 2.7% Net Interest Income 4,728 4,823 -2.0% 4,641 1.9% Provisions for loan losses 659 939 -29.8% 658 0.2% Net interest income after provisions 4,069 3,884 4.8% 3,
Slide 29: NPLs per subsidiary
NPLs per subsidiary NPL´s per methodology and subsidiaries 2Q18 2Q17 1Q18 NPL NPL NPL PRODUCT Portfolio NPL Write- Offs Portfolio NPL Write- Offs Portfolio NPL Write- Offs Ratio Ratio Ratio C. Mujer 11,769 171 1.45% 241 12,053 251 2.08% 294 11,715 287 2.45% 216 C. Comerciante 4,323 210 4.86% 305 5,4
Slide 30: Summary
Summary Banco Compartamos S.A. I.B.M. National Scale Global Scale Fitch Ratings ‘AA+(mex) / F1+(mex)’ BBB / F2 Standard & ‘mxAAA / mxA-1+’ BBB / A-2 Poor’s % Change % Change 2Q18 2Q17 1Q18 2Q17 1Q18 Clients 2,391,665 2,721,551 2,438,025 -12.1% -1.9% Portfolio* 21,390 23,421 21,820 -8.7% -2.0% Net In
Slide 31: Balance Sheet
Balance Sheet % Change % Change 2Q18 2Q17 1Q18 2Q17 1Q18 Cash and other investments 5,397 2,675 101.8% 2,022 166.9% Related parties 854 - N/C - N/C Total performing loans 20,761 22,444 -7.5% 20,820 -0.3% Non-performing loans 629 977 -35.6% 1,000 -37.1% Total loan portfolio 22,244 23,421 -5.0% 21,820
Slide 32: Income Statement
Income Statement % Change % Change 2Q18 2Q17 1Q18 2Q17 1Q18 Interest income 4,078 4,405 -7.4% 4,066 0.3% Interest expense 257 276 -6.9% 255 0.8% Net Interest Income 3,821 4,129 -7.5% 3,811 0.3% Provisions for loan losses 505 783 -35.5% 505 0.0% Net interest income after provisions 3,316 3,346 -0.9%
Slide 33: Funding structure
Funding structure 8.2% 6.1% 9.0% 0.0% 0.0% 0.0% 14.9% 14.2% 30.1% Cost of funds 2Q18: 7.3% 35.6% 30.1% 26.0% Year Maturity % 2018 2,000.00 12.3% 2019 2,598.00 15.9% 46.7% 43.4% 35.4% 2020 3,797.00 23.3% 2021 2,900.00 17.8% 2022 2,500.00 15.3% 2T18 2T17 1T18 2023 2,500.00 15.3% Total 16,295.00 100% C
Slide 34: Allowance for loan losses
Allowance for loan losses 2Q18 2Q17 1Q18 Risk %Allowance Balance Allowance 2) %Allowance Balance Allowance 2) %Allowance Balance Allowance 2) A-1 1.1% 14,405 162 1.1% 14,897 165 1.1% 14,354 160 A-2 2.7% 854 23 2.7% 1,085 29 2.7% 852 23 B-1 3.5% 196 7 3.4% 244 8 3.4% 136 5 B-2 4.1% 1,660 68 4.1% 1,50
Slide 35: Summary
Summary Compartamos Financiera (Peru) % Change % Change Summary 2Q18 2Q17 1Q18 2Q17 1Q18 Clients 521,464 418,993 495,180 24.5% 5.3% Portfolio 10,293.3 7,499.0 9,231.4 37.3% 11.5% Net Income 132.3 38.1 65.4 247.2% 102.2% NPLs / Total Portfolio 2.80% 3.24% 2.9% -0.44 pp -0.13 pp ROA 4.5% 1.7% 2.3% 2.8
Slide 36: Balance Sheet
Balance Sheet % Change % Change 2Q18 2Q17 1Q18 2Q17 1Q18 Cash and other investments 2,009.1 1,359.8 47.8% 1,742.6 15.3% Total performing loans 10,005.2 7,255.8 37.9% 8,960.6 11.7% Non-performing loans 288.2 243.2 18.5% 270.8 6.4% Total loan portfolio 10,293.3 7,499.0 37.3% 9,231.4 11.5% Allowance fo
Slide 37: Income Statement
Income Statement % Change % Change 2Q18 2Q17 1Q18 2Q17 1Q18 Interest income 878.1 659.5 33.1% 799.2 9.9% Interest expense 132.4 111.2 19.1% 125.0 6.0% Net interest income 745.7 548.3 36.0% 674.2 10.6% Provisions for loan losses 137.1 139.9 -2.0% 136.6 0.3% Net interest income after provisions 608.6
Slide 38: Funding structure
Funding structure Cost of funds 5.6% 48% 52% 56% 0% 7% 0% 0% 7% 6% 12% 14% 13% 11% 9% 8% 23% 18% 19% 2T18 2T17 1T18 Capital Fondos de inversión B.Comercial B.Desarrollo Multilateral Captación 38
Slide 39: Summary
Summary Compartamos S.A. (Guatemala) % Change % Change Summary 2Q18 2Q17 1Q18 2Q17 1Q18 Clients 95,127 87,267 94,198 9.0% 1.0% Portfolio 574.9 506.5 545.8 13.5% 5.3% Net Income (3.0) 14.0 8.6 -121.1% -134.2% NPLs / Total Portfolio 3.55% 4.32% 5.11% -0.77 pp -1.56 pp ROA -1.6% 8.0% 4.7% -9.6 pp -6.3
Slide 40: Investor Relations contacts
Enrique Barrera Flores Felix Martínez Escamilla [email protected] [email protected] Investor Relations Officer Investor Relations (55) 52767250 ext.7379 (55) 5276 7250 ext.9202