Transcript Diapositiva 1 - CORFICOLOMBIANA

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Corporate Presentation
July 2012
16/07/2015
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Our History
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CASA DE BOLSA S.A. is GRUPO AVAL’s brokerage
firm and is the product of the merger in 2009
among Casa de Bolsa Corficolombiana, Valores
Bogotá, Valores Popular, and Valores de
Occidente; all brokerage firms owned by the
biggest financial holding of Colombia.
The main purpose of such merger is to offer our
clients and Grupo Aval´s customers a wide array
of financial products and portfolios to strengthen
our trust and reputation.
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Equity Composition
22.79%
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25.78%
7.94%
5.51%
37.50%
13.40%
38.95%
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Introduction to Grupo Aval
Grupo Aval is a Colombia-based company, which holds and controls a portfolio of
majority-owned investments in the financial services industry, principally in Colombia and
in Central America
Grupo Aval’s
Ownership(1)
Controls Via
Direct
Investments:
64.7%
2nd largest bank in Colombia; universal bank offering a
complete range of financial products
68.2%
5th largest bank in Colombia; focused on commercial
and auto loans and financial leasing
93.7%
Pioneer of, and market leader in, payroll loans;
growing mid-market commercial lending
79.9%
Niche focused bank that targets mid- and lowincome consumer segments and SMEs
20.0% / 100%(1)
Controls Via
Indirect
Investments(2)
Other (3)
Colombia’s largest pension fund manager
56.4%
Colombia’s largest and most profitable merchant
bank
64.7%
One of the largest and most profitable regional
banking groups in Central America
Avg. 90% +
Trust companies/asset managers, bonded
warehouses, and brokerage unit
(1)
Ownership percentages correspond to voting rights; (2) Indirect control is exercised through banking subsidiaries which Grupo
(3) Others include: Almaviva (95.8%), Alpopular (71.1%), Fidubogota (95.0%), Fiduciaria de Occidente (99.4%),
Aval controls;
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Fidupopular (94.9%), Fiduciaria Corficolombiana (94.5%) and Casa de Bolsa (95.5%).
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Introduction to Grupo Aval
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Grupo Aval is Colombia’s largest and most profitable financial services group, with a leading
presence in Central America
Key Highlights
 Through its holdings, Grupo Aval:
 Manages over US$100bn in assets
 Operates in 11 countries
 Serves over 9.4 million clients
through 8,800+ points of service
 Controls market shares of
approximately:
• 30% in Colombia
• 11% in Central America(1)
 Employs over 54,000 people
• Colombia: 39,000+
• Central America: 15,000+
 Average ROAE (2008/Sep-2011): 25%
 Market capitalization of US$12.1bn(2).
Over 125,000 shareholders
 Investment grade ratings:
 Baa3 (Moody’s)
 BBB- (Fitch)
(1)
(2)
Geographic Footprint
Colombia
 Branches: 1,255
 Other points of contact: 3,452
 ATMs: 2,512
 Customers: 7.2mm
Central America
 Branches: 224
 Other points of contact: 248
 ATMs: 1,172
 Customers: 2.2mm
Average gross loans market share for the six Central American countries in which BAC operates.
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As of January 13, 2012, exchange rate Ps 1,842.47.
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Grupo Aval´s Core Strengths
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Market Share as of
September 30, 2011
GROSS LOANS
Total System Gross Loans: US$98.5bn
28.2%
21.6%
13.0%
9.4%
DEPOSITS
Total System Deposits: US$90.6bn
Commercial (1)
Consumer(1)
31.3%
28.0%
27.5%
13.3%
11.3%
16.0%
29.4%
7.3%
9.9%
19.0%
11.9%
Checking
(1)
Savings
(1)
9.8%
35.6%
24.1%
10.0%
8.4%
29.6%
20.7%
13.3%
11.7%
Source: Company filings, as of September 30, 2011, Superintendency of Finance. Grupo Aval corresponds to the sum of its four
Colombian
banks. Does not include BAC Credomatic (1) Total banking system figures as of September 2011 were: commercial loans
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US$56.2bn; Consumer loans: US$27.4bn; checking accounts: US$16.2bn; saving accounts: US$45.7bn.
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Grupo Aval´s Core Strengths
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Market Share as of
September 30, 2011
ASSETS
Total System Assets: US$146.9bn
29.4%
20.4%
11.9%
BRANCHES(2)
9.2%
25.6%
15.7%
11.4%
6.9%
(²)
Figures as of June 30, 2011.
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Casa de Bolsa General Information
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Mission:
Contribute to the development of Colombia’s
Capital Market through a permanent clients
advice for market securities intermediation
and for the attainment of funds.
Vision:
Casa de Bolsa S.A. seeks the highest profitability
for its shareholders and investors by means of a
sustainable growth and taking into account our
customer’s investment profile.
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Casa de Bolsa Financial Highlights
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ASSETS
USD$ Thousands
27,158
16,685
EQUITY
USD$ Thousands
2011
15,757
JUNIO DE 2012
14,555
2011
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JUNIO DE 2012
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Casa de Bolsa Financial Highlights
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OPERATING REVENUE
USD$ Thousands
16,397
OPERATING EXPENSES
8,727
USD$ Thousands
16,018
8,512
2011
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2011
JUNIO DE 2012
JUNIO DE 2012
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Casa de Bolsa Financial Highlights
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NET INCOME
USD$ Thousands
183
179
2011
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JUNIO DE 2012
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Organizational Structure
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General
Assembly
External
Auditor
Customer
Advocacy
Board of
Director
Compliance
Officer
Legal
Adviser
Investments
Vicepresidency
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Regulatory
Control
Presidency
Financial and
Administrative
Vicepresidency
Networks
Vicepresidency
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Equity Desk
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Previously the equity Desk had two traders that work as a team, handling institutional clients local
and foreign Investors.
Casa de Bolsa has a new project for the DESK.
 Have a better integration between grupo Aval and the Brokerage Unit of the Group.
 More presence in the international field.
 Better Economic reports.
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Previous Desk Chart
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Company CEO
Head Trader
Offshore - Local
Clearing Analyst
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Equity Trader For
Local and Offshore
Institutional
Offshore - Local
Clearing Analyst
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Future Desk Chart
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Company CEO
Head Trader
Equity Trader For
Offshore
Institutional
Equity Trader For
Offshore and Local
Institutional
Equity Trader For
Local Institutional
Offshore
Clearing Analyst
Offshore
Clearing Analyst
Local Clearing
Analyst
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Economic Analist
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Our Clients and Our Strengths
Clients
 Local Institutional Investors.
Pension Funds
Trust Companies
Insurance Companies
 Foreign Investors Brokers
 U.S
 Chile
 Peru
 Brazil
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Strengths
 Flows
 Best Executions
 Manage Orders
VWAP - TVWAP
MOC
LMT
 FIX Platforms
 Tradeware
 Marcopolo
 EMSX
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Our Flows
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80,000,000.00
70,000,000.00
60,000,000.00
50,000,000.00
40,000,000.00
30,000,000.00
20,000,000.00
10,000,000.00
January
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February
March
April
May
June
NEMOTECNICO Quantity
Usd Amount
ECOPETROL
17,073,993
48,377,279
BCOLOMBIA
2,473,316
38,890,072
ISAGEN
18,412,497
25,528,700
ÉXITO
1,594,446
24,065,120
INVERARGOS
2,566,653
23,954,713
PFBCOLOMBIA
1,467,618
23,033,630
PFDAVVNDA
1,467,618
23,033,630
PFGRUPSURA
942,399
17,740,164
CEMARGOS
3,115,225
16,144,139
GRUPOSURA
755,558
13,227,054
PREC
455,317
11,823,111
ISA
846,503
5,322,624
PFINVARGOS
571,427
5,269,037
ELCONDOR
5,251,799
3,805,492
PFAVAL
4,477,471
3,097,158
CORFICOLCF
131,723
2,505,361
NUTRESA
199,578
2,430,795
ODINSA
319,313
1,679,548
BVC
92,531,460
1,638,427
ICOLCAP
143,369
1,353,483
TABLEMAC
210,649,805
1,233,223
CONCONCRET
1,433,094
1,019,901
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Our Economic Report
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Due to the integration with AVAL, we can offer our clients
 Bimestral Report from Banco de Bogota, analyzing
economic data and indicators.
 Weekly Report From Corficolombiana, in which we
handle Economic topics that are important for
Colombian Economy.
 Monthly valuation of Colombian Companies from Casa
de Bolsa, the brokerage Unit of Aval Group.
 If client required, an introduction with a certain CEO
or IR of a company that is listed in Colombian Stock
Exchange companies, we can arrange it.
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Back Office Objetives
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 Run the operating instructions of customers in an efficient,
timely and with the controls established by the Company.
 Comply fully with the transactions in transactional systems,
in compliance with regulatory standards for this purpose.
 Manage in accordance with the rules and risk management
guidelines and compliance of operations with foreign funds.
 Building trust to partners based on process management.
 Support the volumes of orders received by minimizing
operational risks.
 Generate value to the overall process as a competitive factor.
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Area Chart
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Back Office – Director
Fernando Cubides H
[email protected]
Middle Office
Analyst Trades Confirmations
Mario Trujillo
[email protected]
Alfredo Castillo
[email protected]
Back Office Settlements Team
Status Instructions
Vanessa Gomez
[email protected]
For foreign-Funds Trades,
Casa de Bolsa has a team of
trained exclusively for this
service who knows the total
process.
Back Office Settlements Team
Local Custodian Settlements
Jesus Combariza
[email protected]
Back Office Settlements Team
Local Custodian Settlements
Juan Jimenez
[email protected]
Back Office Settlements Team
BVC Settlements
Juan Escobar
[email protected]
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Back Office Process
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T+3
T+2
T+1
T+0
TRADE B/S
Confirmation
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 Ask the Brokers the missing
NIT#.
 Send the pending trade
confirmations.
 Check Status of Instructions
with Citibank Tampa.
 Deliver trades information to
the Local Custodian.
 Check Status of
Instructions with
Citibank Tampa.
 Amend instructions
between CdB, Broker
and Citibank Tampa.
 Send alerts over the
incorrect instructions.
 Deliver Funds to Local
Custodian.
 Receive Shares from Local
custodian to Settle them.
 Deliver Shares to Local
Custodian.
 Receive Funds from Local
Custodian.
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Back Office Objetives
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 Experienced staff in back office procedures with Foreign
Investors Trades.
 Immediate delivery of the information of the executed
trades.
 Solid Financial support by Grupo Aval.
 Excellent relationship with the Local Custodians and
Citibank Tampa, which enables us to have effective
control of the trades before the settlement date.
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Products and Services
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With Casa de Bolsa customers have access to the bid and offer of the various investment
alternatives within the domestic and international financial markets through the following
agreements:
 Foreign Exchange
 Shares
 Global Markets
 Funds
 Third Party Portfolio Administration
 Margins Accounts
 Placement and Structuring
 Fixed Income
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Products Portfolio
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Foreign Exchange:
The buying and selling of currencies is a product developed in Casa de Bolsa to solve the exchange
needs of natural or legal persons, whereby they can make payments abroad of imports and other
concepts, as well as monetize their resources product of their exports. Our customers will always
have qualified professional advice and competitive prices. Casa de Bolsa also offers coverage of
future dollar flows through "Future TRM“, administered by the BVC and compensated and liquidated
by the Cámara de Riesgo Central de Contraparte.
Shares:
Casa de Bolsa offers the possibility to acquire shares of companies listed in the public securities
market operated by the Stock Exchange of Colombia. With this tool, our customers become owners of
some of the most profitable companies in the country with the objective that this profitability is
reflected in the share price and dividends to which the shareholder has the right.
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Products Portfolio
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Global Markets:
Through the Bogota Panama Bank, our customers have the possibility to diversify and expand their
investment options in different markets worldwide.
Funds:
The funds are the ideal vehicle for our customers to
participate in capital markets with the advantages that the
big players have. Our clients participate with their resources
in collective portfolios strategically managed by a dedicated
team. The funds offered by Casa de Bolsa seek to cover all
asset classes of financial markets.
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Products Portfolio
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Third Party Portfolio Management:
The third party portfolio management is the right product for
our clients seeking to invest their surplus and patrimony in
the capital market through the formation of an investment
portfolio that allows you to maximize returns subject to its
investment policies and risk profile.
Margins Accounts:
Speculative product focused on maximizing the profitability of our customers by way of a
leveraged exposure in treasury securities of the national government, TES, and shares listed on
the Stock Exchange general index of Colombia IGBC.
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Products Portfolio
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Placement and Structuring:
Today, companies have understood the various
alternatives offered by the capital markets when it comes
up to obtaining financing resources, reducing cost of
capital, and to increase their assets’ productivity.
To achieve what is stated above, Casa de Bolsa structures
solutions taking into account capital markets current
conditions.
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Products Portfolio
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Fixed Income:
Casa de Bolsa offers fixed income instruments that give our
customers a fixed return duration of their investment and
according to their risk profile. Within the universe of products we
find public and corporative debt bonds denominated in local or
foreign currency, certificates of deposit (CDTs) and commercial
papers, among others.
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IMPORTANT DISCLOSURE
Though the information provided in this document is reliable, the user assumes complete risk of the
information. The data contained does not represent neither an offer nor a bid/purchase of any of the
mentioned products. Furthermore, the document does not represent an intention of Casa de Bolsa S.A. to
participate at any transaction. All the estimations and points of view included are covered as of the date of the
document and can change without notice. This document is not a personal recommendation, is distributed for
informational purposes only, and the interpretations and/or decisions made based on this document are not
Casa de Bolsa S.A. responsibility. This document is confidential and intended exclusively to the document’s
recipients. If you are not a recipient, or have received this document by error, please notify the sender
immediately, delete it from your system and do not copy, reproduce and/or distribute any part of it.
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