Grupo Aval Acciones y Valores SA · BVC:GRUPOAVAL
Grupo Aval Acciones y Valores SA — Q1 2026 Earnings Presentation
22 slides from Grupo Aval Acciones y Valores SA's earnings presentation, May 13, 2026
Slide 1: 1Q26 Consolidated Earnings Results
1Q26 CONSOLIDATED EARNINGS RESULTS. IFRS May 13, 2026
Slide 2: Disclaimer
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 inspection an
Slide 3: Consolidated Key Results for the Quarter
CONSOLIDATED KEY RESULTS FOR THE QUARTER Gross Q/Q: 1.5% $193.7 ROAE: loans Tn Y/Y: 6.0% ATTRIBUTABLE NET INCOME: Q/Q: 4.5% 547 $216.8 Deposits Tn Y/Y: 11.7% 12,0 (1) Impact of the equity tax 210 Net interest Q/Q: (39) bps 362 344 3.3% 8,4 4,6 margin* Y/Y: (45) bps 7,4 7,5 Q/Q: 6 bps Cost of risk, n
Slide 4: Grupo Aval Strategy (2026-2031)
GRUPO AVAL STRATEGY (2026 -2031). OWTH AND VALU GR E Profitable Businesses • Banks Our mission: • • Payments Asset management • Investment banking • Insurance We support and Customer • Real Sector Capital transform businesses, experience Allocation creating opportunities, sustainable development, an
Slide 5: Profitable Businesses
PROFITABLE BUSINESSES. • Structural repositioning of BdB in Colombian retail banking Market Leadership: • Accelerate retail strategy by 34 months of organic growth Ps 206.5 Tn in AUMs +4.2% growth YoY Figures at Dec-25 Ps 152.8 Bn in fees in +12.5% growth YoY Gross loans 1Q26 N°1 in fees COP 6 Tn Gr
Slide 6: Profitable Businesses | Efficiency
PROFITABLE BUSINESSES │ EFFICIENCY. Grupo Aval’s core interoperable Strategic pillars: payments platform Value creation Client experience Regulatory Milestones: Operational Control framework • Certified by the Superintendency of Finance excellence enhancement and the Central Bank of Colombia. Key Pr
Slide 7: Macroeconomic Context | Colombia (1 | 2)
MACROECONOMIC CONTEXT I COLOMBIA (1 I 2) GDP vs. Monthly Activity Monthly Activity Indicator Consumer and Business Indicator -ISE* (YoY%) - ISE (Year-to-date February, YoY%) Confidence** (Normalized 2002-25) 1 5% Public administ. and 3.9% Aval guidance entertainment 5% FY 26: 2.4% Retail/Wholesale t
Slide 8: Macroeconomic Context | Colombia (2 | 2)
MACROECONOMIC CONTEXT I COLOMBIA (2 I 2) Inflation vs. Central bank Current account vs. Exchange rate Primary fiscal deficit Central interest rate (YoY%, %) (12-month %GDP, USD/COP avg. inverted) Government (% GDP, YTD) 14% 4% -1% 3,500 Aval guidance EoP 26: 12.25% 3,697 -2% 2% 12% Aval guidance EoP
Slide 9: Colombian Banking System – LTM Loan Growth
COLOMBIAN BANKING SYSTEM – LTM LOAN GROWTH (Unconsolidated results under Colombian IFRS) Market Share (%) Gross Loans 27.1% 28.2% 29.7% 28.7% 27.0% 26.3% 15.5% 27.7% 27.2% 25.0% 25.0% 25.3% 24.1% 13.4% 9.4% 17.4% Aval Banks 16.6% 14.3% 14.6% 5.4% 5.2% 7.7% 0.4% 3.5% Feb-23 Feb-24 Feb-25 Feb-26 Feb-2
Slide 10: Colombian Banking System – Loan Quality
COLOMBIAN BANKING SYSTEM – LOAN QUALITY 30 days PDLS / Gross loans (Unconsolidated results under Colombian IFRS) Gross Loans 6.0% 5.6% 4.7% 4.6% System excluding Aval 4.7% Aval Banks 4.2% 3.9% 3.7% Feb-23 Aug-23 Feb-24 Aug-24 Feb-25 Aug-25 Feb-26 Commercial Loans Consumer Loans Mortgages System excl
Slide 11: Assets and Gross Loans
ASSETS AND GROSS LOANS Figures in Ps. Trillions Total assets Y/Y% = 2.4% Q/Q% = -3.2% % Asset contribution 348.9 337.6 329.9 19.4 Cash and equivalents 19.5 5.9 5.5 23.7 7.0 55.2 46.9 53.9 Fixed income investments 14.2 15.8 16.0 174.0 184.2 52.8 55.3 Net loans and leases (1) 52.7 186.8 17.3 17.1 12.5
Slide 12: Funding
FUNDING Figures in Ps. Trillions Total funding Total deposits Y/Y% = 8.9% Y/Y% = 11.7% Q/Q% = 4.5% Q/Q% = 1.9% 216.8 207.4 0.3% 194.2 0.2% 276.1 281.3 0.2% 258.3 7.5% 8.2% 45.4% 45.9% 6.4% 6.7% 46.5% 7.8% 8.9% 8.7% 8.9% 9.5% 11.4% 11.1% 12.4% 42.5% 43.2% 41.0% 75.1% 77.1% 75.2% 1Q25 4Q25 1Q26 Saving
Slide 13: Capital
CAPITAL Figures in Ps. Trillions Attributable Equity + Minority Interest Attributable Shareholders Equity Y/Y% = 3.0% Y/Y% = 3.6% Q/Q% = -3.3% Q/Q% = -3.5% 32.6 34.7 33.6 17.2 18.4 17.8 15.5 16.3 15.8 17.2 18.4 17.8 1Q25 4Q25 1Q26 Total equity / Assets 9.9% 10.0% 10.0% 1Q25 4Q25 1Q26 Tangible equity
Slide 14: Net Interest Margin
NET INTEREST MARGIN Figures in Ps. Trillions Net Interest Income (1) Y/Y% = -4.1% Q/Q% = 14.3% 2.2 1.9 2.2 1Q25 4Q25 1Q26 Pro forma Banking segment Grupo Aval 5.17% 5.24% 5.06% 5.53% 4.98% NIM (1) 4.60% 4.64% 5.05% 4.71% 4.40% 4.59% 4.85% 4.15% NIM on Loans (2) 4.21% 3.34% 5.05% 3.85% 3.79% 4.61% 3.
Slide 15: Yields and Cost of Funds
YIELDS AND COST OF FUNDS Banking segment Grupo Aval 11.97% 11.88% 11.95% 11.83% 12.05% 12.09% 11.95% 11.93% 12.09% 12.08% 8.85% 11.86% 12.18% 8.59% 10.00% 10.29% Yield on loans 7.89% 7.80% Yield on fixed income and interbanks & 4.04% overnight funds 3.94% 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4Q25
Slide 16: Loan Portfolio Quality | PDL
LOAN PORTFOLIO QUALITY | PDL Figures in Ps. Billions 30 days Past Due Loans / Gross loans Commercial 90 days Past Due Loans / Gross loans Credit quality & Coverage ratios 4.73% 4.36% 4.22% 3.84% 3.86% 5.24% 4.86% 4.64% 4.07% 3.86% 4.37% 3.67% 3.48% 4.30% 3.34% 1Q25 * 2Q25 * 3Q25 * 4Q25 * 1Q26 3.81%
Slide 17: Loan Portfolio Quality | Stages
LOAN PORTFOLIO QUALITY | STAGES Commercial 35.3% 50.0% 120.0% 32.8% 33.2% 30.6% 31.0% 40.0% 30.0% 7.6% 7.2% 7.2% 6.6% 100.0% 7.8% 20.0% Loans by stages 80.0% 3.1% 3.6% 3.4% 3.6% 3.6% 10.0% 0.0% -10.0% 60.0% 89.1% 88.8% 89.3% 89.2% 89.8% -20.0% -30.0% 37.1% 35.2% 35.6% 40.0% 110.0% 33.6% 33.8% -40.0%
Slide 18: Loan Portfolio Quality | Cost of Risk
LOAN PORTFOLIO QUALITY | COST OF RISK Cost of risk, net - Commercial Cost of risk, net - Consumer Cost of risk loans loans Impairment loss / Average gross loans Impairment loss, net / Average gross loans 4.7% 4.4% 4.0% 4.1% 3.8% 2.4% 2.4% 2.3% 2.1% 2.1% 2.1% 2.0% 0.9% 1.0% 1.8% 1.7% 1.8% 0.6% 0.7% 0
Slide 19: Fees and Other Operating Income
FEES AND OTHER OPERATING INCOME Figures in Ps. Billions Gross fee income Non-financial sector (**) Y/Y% = 6.9% 1Q25 4Q25 1Q26 Q/Q% = -1.0% Energy & gas 250 269 255 Net fee income 870 964 957 Infrastructure 506 203 709 1,251 1,239 Hotels 19 100 19 1,159 4.1% 4.3% 4.1% Agribusiness -1 -8 -11 26.9% 27.
Slide 20: Efficiency Ratios
EFFICIENCY RATIOS Figures in Ps. Billions 1Q25 4Q25 1Q26 Y/Y% Q/Q% * Personnel expenses * 790 824 830 5.1%* 0.7% * Equity tax expense 0 0 312 N/A N/A General and administrative expenses 1,115 1,338 1,240 11.2% -7.3% Depreciation and amortization 179 207 215 19.5% 3.4% Other expenses 47 42 -32 -168.3
Slide 21: Profitability
PROFITABILITY Figures in Ps. Billions Net income attributable to controlling interest Excluding the Continuing Operations equity tax Discontinued Operations 521 547 495 344 362 337 385 499 561 344 474 351 110 22 17 (130) (15) (15) 1Q25 2Q25 3Q25 4Q25 1Q26 1Q26 15.2 20.8 21.9 14.5 14.2 23.0 (1) 1.0%
Slide 22: Thanks
Thanks.
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