2Q 2015 RESULTS PRESENTATION
GRUPO SURA
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GRUPO SURA 1 DISCLAIMER the forward-looking statements contained - - PowerPoint PPT Presentation
2Q 2015 RESULTS PRESENTATION GRUPO SURA 1 DISCLAIMER the forward-looking statements contained herein are based on Managements current forecasts and outlook. . For better illustration and decision-making, figures for Suramericana, SURA Asset
2Q 2015 RESULTS PRESENTATION
GRUPO SURA
1
DISCLAIMER
the forward-looking statements contained herein are based on Management’s current forecasts and
For better illustration and decision-making, figures for Suramericana, SURA Asset Management and its subsidiaries are administrative rather than accountant, and therefore may differ from those presented to entities officers. Thus, Grupo de Inversiones Suramericana assumes no obligation to update or correct the information contained in this presentation.
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RESULTS PRESENTATION
GRUPO SURA CONSOLIDATED RESULTS
AGENDA
SURAMERICANA INSURANCE AND SOCIAL SECURITY SURA ASSET MANAGEMENT PENSIONS, SAVINGS AND ASSET MANAGEMET
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GRUPO SURA
CONSOLIDATED RESULTS
2T
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ESTATEMENT OF FINANCIAL POSITION
Consolidated
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ASSETS LIABILITIES EQUITY ATTIBUTABLE TO PARENT COMPANY INVESTMENTS IN RELATED COMPANIES
47.9 47.8 jun.-15 dic.-14 15.5 17.5 jun.-15 dic.-14
Figures in COP billion0.1%
7.1%
20.6 22.1 jun.-15 dic.-14 24.0 22.4 jun.-15 dic.-14
STATEMENT OF COMPREHENSIVE INCOME Financial DEBT
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FINANCIAL LIABILITIES BREAKDOWN BY TYPE OF DEBT DEBT BREAKDOWN BY COMPANY
4.4 4.1 jun.-15 dic.-14
Figures in COP billon6.0%
Bonds 68.1% Banks and repos 22.9% Derivatives 4.4% Preferred dividends 4.7%
Grupo SURA 44.0% SURA AM 49.2% Suramericana 6.0% Other subsidiaries 0.8%
STATEMENT OF COMPREHENSIVE INCOME
Consolidated
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NET INCOME EQUITY METHOD
530.9 611.6 jun.-15 jun.-14 841.5 1,462.2 jun.-15 jun.-14 4,025.9 3,345.6 950.2 895.6 1,050.4 849.9 548.6 960.7 169.4 133.0
jun.-15 jun.-14
Seguros Administración de fondos Salud Corporativo Otros
ICONSOLIDATED REVENUES
Figures in COP thousand million6.5B
8.0%
1,462,242 1,123,567 942,604 841,526 338,675 101,078
2014 Net income Dividends 2014 Recurring net income 2015 Recurring net income Wealth tax 2015 Net income
STATEMENT OF COMPREHENSIVE INCOME
Net income
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Upon eliminating non recurrent items, net income decreases 16.1%.
figures in COP millonSHAREHOLDERS
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SHAREHOLDERS (COMM) SHAREHOLDERS (COMM+PREF)
36.7% 12.7% 21.6% 16.8% 3.9% 8.4% 30.3% 10.3% 25.8% 17.9% 5.3% 10.3%
Grupo Argos and subsidiaries Grupo Nutresa Colombian Pension Funds International Funds Retail Investors Institutional Investors
Outstanding Ord. Shares: 469,037,260 Outstanding Pref. Shares: 106,334,963 Total outstanding shares: 575,372,223 Market Cap (USD billion): 6.7 Number of Shareholders: 18,067 International Funds: 838 Source: Shareholders' Registry as of jun 30, 2015
STOCK EVOLUTION
10 91.5 92.8 78.04 70 75 80 85 90 95 100 105 110 115
jun.-14 ago.-14
dic.-14 feb.-15 abr.-15 jun.-15
PFGRUPSURA GRUPOSURA COLCAP
2015/06/30 % Annual Var * % YTD Var.** 2014/12/31 2014/06/30
GRUPOSURA (Pesos) 37,020
40,000 39,900 PFGRUPSURA (Pesos 36,400
39,500 39,800 COLCAP (Points) 1,331
1,513 1,706
* Annual appraisal without dividends
Bancolombia 28.5% Sura Asset Management 23.8% Suramericana 15.5% Grupo Nutresa 15.5% Grupo Argos 16.3% Other 0.4%
INVESTMENT PORTFOLIO
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BILLON*
JUNE 2015 COP
NOTE: Considering Suramericana at 2x P/BV and SURA Asset Management at 1x P/BV, the valuation for Suramericana has to be calculated by the different investors and analysts Including their commercial value pursuant to accountant standards and the stakes held in Grupo de Inversiones Suramericana and affiliates
SURAMERICANA
CONSOLIDATED RESULTS
2T
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SURAMERICANA
Consolidated figures
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TOTAL PREMIUMS ADMINISTRATIVE EXPENSE NET INCOME TOTAL REVENUES
3,517.4 3,020.6
1, 50. 2, 00. 2, 50. 3, 00. 3, 50.jun.-15 jun.-14 2,608.8 2,269.1 jun.-15 jun.-14 570.0 494.5
24 0. 29 0. 34 0. 39 0. 44 0. 49 0. 54 0. 59 0.jun.-15 jun.-14 207.8 199.3
84 . 0 10 4. 12 4. 14. 16 4. 18 4. 20 4. 22 4.jun.-15 jun.-14
figures in thousand millon15.0% 15.3% 4.3% 16.4%
LIFE INSURANCE SEGMENT
Main figures
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TOTAL PREMIUMS ADMINISTRATIVE EXPENSE NET INCOME INVESTMENT INCOME
1,647.2 1,454.5
50. 70. 90. 1, 10 0. 1, 30 0. 1, 50 0. 1, 70 0.jun.-15 jun.-14 231.9 214.6
25 . 0 75 . 0 12 5. 17 5. 22 5.jun.-15 jun.-14 254.8 234.4
25 . 0 75 . 0 12 5. 17 5. 22 5. 27 5.jun.-15 jun.-14 292.5 238.1
25 . 0 75 . 0 12 5. 17 5. 22 5. 27 5.jun.-15 jun.-14
13.2% 8.7% 22.9% 8.0%
figures in thousand millonLIFE INSURANCE SEGMENT
Premiums and claims ratio
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TOTAL PREMIUMS
20.7% 31.8% 91.7% 60.7% 51.6% 96.9% 55.9% 26.3% 38.1% 91.3% 63.9% 53.1% 124.4% 59.7%
Vida Vida Grupo Previsionales Salud ARL Otros Total
jun-15 jun-14
% RETAINED CLAIMS RATIO
jun-15 %Var jun-15 %Var jun-15 jun-14 Life 276,205 12.9% 232,582 10.0% 20.7% 26.3% Group Life 224,767 15.8% 220,675 16.8% 31.8% 38.1% Pension 297,382 5.5% 285,328 5.4% 91.7% 91.3% Health 344,454 15.5% 350,271 17.2% 60.7% 63.9% ARL (worker compensation) 418,836 11.8% 418,836 11.8% 51.6% 53.1% Other 85,586 39.9% 84,449 43.9% 96.9% 124.4% Total 1,647,229 13.2% 1,592,141 13.5% 55.9% 59.7% Premiums Retained Premiums Retained Claims Ratio
Life 16.8% Group Life 13.6% Pension 18.1% Health 20.9% ARL (worker compensation) 25.4% Other 5.2%
NON-LIFE INSURANCE SEGMENT
Main figures
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TOTAL PREMIUMS ADMINISTRATIVE EXPENSE NET INCOME INVESTMENT INCOME
975.6 826.6
200.0 300.0 400.0 500.0 600.0 700.0 800.0 900.0 1,000.0jun.-15 jun.-14 53.2 52.4
32.0 37.0 42.0 47.0 52.0jun.-15 jun.-14 150.7 135.2
15.0 35.0 55.0 75.0 95.0 115.0 135.0 155.0 175.0jun.-15 jun.-14 18.8 12.3
2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 18.0 20.0jun.-15 jun.-14
18.0% 11.4% 52.8% 1.6%
figures in thousand millonNON-LIFE INSURANCE SEGMENT
Premiums and claims ratio
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TOTAL PREMIUMS % RETAINED CLAIMS RATIO
62.9% 29.9% 52.1% 34.9% 53.4% 67.9% 19.6% 54.4% 34.2% 55.7%
Autos Incendio Soat Otros Total
jun-15 jun-14
jun-15 %Var jun-15 %Var jun-15 jun-14 Auto 379,911 20.3% 363,103 20.5% 62.9% 67.9% Fire 198,662 7.6% 36,918 16.2% 29.9% 19.6% Mandatory road accident 143,467 19.2% 120,997 18.3% 52.1% 54.4% Other 253,609 23.3% 131,459 16.5% 34.9% 34.2% Total 975,649 18.0% 652,476 19.0% 53.4% 55.7% Premiums Retained Premiums Retained Claims Ratio
Auto 38.9% Fire 20.4% Mandatory road accident 14.7% Other 26.0%
HEALTH CARE SEGMENT
Main figures
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TOTAL PREMIUMS ADMINISTRATIVE EXPENSE NET INCOME INVESTMENT INCOME
1,018.5 819.1
100.0 300.0 500.0 700.0 900.0 1,100.0jun.-15 jun.-14 28.9 28.4
2 .0 7 .0 1 2 . 1 7 . 2 2 . 2 7 . 3 2 .jun.-15 jun.-14 118.6 109.0
15.0 35.0 55.0 75.0 95.0 115.0 135.0jun.-15 jun.-14
11.3
(7.0) (2.0) 3.0 8.0jun.-15 jun.-14
24.3% 8.8% 1.6%
figures in thousand millonHEALTH CARE SEGMENT
Premiums and claims ratio
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jun-15 %Var jun-15 %Var jun-15 jun-14 EPS 782,589 27.0% 748,347 31.0% 95.6% 92.7% IPS 150,598 17.5% 105,396 21.1% 70.0% 67.9% Dinámica 85,318 14.3% 58,845 11.0% 69.0% 71.1% Total 1,018,504 24.3% 912,588 28.3% 89.6% 86.9% Prestación de servicios Costo prestación de servicios Siniestralidad
SURA ASSET MANAGEMENT
CONSOLIDATED RESULTS
2T
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SURA ASSET MANAGEMENT
Consolidated figures
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COMMISSION INCOME OPERATING AND ADMINISTRATIVE EXPENSE NET INCOME TOTAL REVENUES
836.4 691.2
0. 10. 20. 30. 40 0. 50 0. 60 0. 70 0. 80 0. 90 0.jun.-15 jun.-14 2,344.7 1,959.0
50. 70. 90. 1, 10. 1, 30. 1, 50. 1, 70. 1, 90. 2, 10. 2, 30. 2, 50.jun.-15 jun.-14 654.0 501.1
0. 10. 20. 30 0. 40 0. 50 0. 60 0. 70 0.jun.-15 jun.-14 199.9 356.0
0. 50 . 0 10. 15 0. 20. 25 0. 30. 35 0. 40.jun.-15 jun.-14
Gastos operativos y de administración: Estos gastos equivalen a la suma de gastos administrativos, otros gastos y deterioro Cifras en miles de millones21.0% 16.7%
19.7%
MANDATORY PENSION
Main figures
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COMMISSION INCOME OPERATING AND ADMINISTRATIVE EXPENSE NET INCOME ENCAJE
214,112 257,855 145,368 23,803 249,579 326,630 171,298 29,714 16.6% 26.7% 17.8% 24.8%
Chile México Perú Uruguay
jun-14 jun-15 %Var 50,988 27,743 10,398 1,630 31,133 4,374 15,024 1,767
44.5% 8.4%
Chile México Perú Uruguay
jun-14 jun-15 %Var 64,813 124,783 64,767 8,696 73,723 158,205 71,367 9,693 13.7% 26.8% 10.2% 11.5%
Chile México Perú Uruguay
jun-14 jun-15 %Var 163,486 114,336 63,788 14,225 87,634 158,742 127,192 85,750 17,606 34,777
11.2% 34.4% 23.8%
Chile México Perú Uruguay Colombia
jun-14 jun-15 %Var
Cifras en millonesMANDATORY PENSION
Market figures
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ASSETS UNDER MANAGEMENT
(COP BILLON)WAGE BASE
(COP BILLON)COMMISSION FUND MEMBERSHIP (MM)
77.7 54.0 36.5 4.5 55.7 9.4 85.0 60.1 40.4 5.1 62.0 10.1 9.4% 11.2% 10.8% 15.4% 11.3% 8.2%
Chile México Perú Uruguay Colombia El Salvador
jun-14 jun-15 %Var 16.1 10.8 1.5 14.2 3.0 17.0 11.2 1.6 15.9 3.1 5.7% 3.6% 9.9% 11.9% 6.2%
Chile Perú Uruguay Colombia El Salvador
jun-14 jun-15 %Var 1.8 6.2 2.0 0.3 3.8 1.3 1.8 6.2 2.0 0.3 4.0 1.4
2.8% 4.3% 5.2%
Chile México Perú Uruguay Colombia El Salvador
jun-14 jun-15 %Var 1.44% 1.15% 1.52% 0.95% 1.99% 1.13% 1.44% 1.11% 1.47% 1.10% 1.99% 1.18%
Chile México (AUM) Perú(2) Colombia Uruguay El Salvador
JUN 14 JUN 15
VOLUNTARY SAVINGS SEGMENT
Main figures
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COMMISSION INCOME
18,957 22,118 3,890 88 30,820 23,297 3,924 373 62.6% 5.3% 0.9% 323.9%
Chile México Perú Uruguay
jun-14 jun-15 %Var 21,290 11,178 5,337 2,491 29,249 24,840 6,989 3,678 37.4% 122.2% 31.0% 47.7%
Chile México Perú Uruguay
jun-14 jun-15 %Var
OPERATING AND ADMINISTRATIVE EXPENSE
(2,341) 6,671 (2,161) (2,268) 12,519 1,541 534 (4,435) (3,126) 5,830
105.2% 37.8%
Chile México Perú Uruguay Colombia
jun-14 jun-15 %Var
NET INCOME
Cifras en millonesVOLUNTARY SAVINGS SEGMENT
Market figures
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ASSETS UNDER MANAGEMENT
(COP THOUSAND MILLON)NET FLOW
(COP THOUSAND MILLON)RETURNS
(COP THOUSAND MILLON)CLIENTS
(THOUSAND)353 108 16 1 262 371 137 35 4 269 5.1% 27.1% 128.3% 218.2% 2.6%
Chile México Perú Uruguay Colombia
jun-14 jun-15 %Var 4,212 7,396 971 20 4,843 6,045 9,087 950 64 5,157 43.5% 22.9%
222.3% 6.5%
Chile México Perú Uruguay Colombia
jun-14 jun-15 %Var 394 365 74 8 180 306 614 46 24 149
68.1%
206.1%
Chile México Perú Uruguay Colombia
jun-14 jun-15 %Var 329 327 12 1 141 140 200 (4) 3 (4)
357.6%
Chile México Perú Uruguay Colombia
jun-14 jun-15 %Var
INSURANCE SEGMENT
Main figures
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TOTAL PREMIUMS RETAINED CLAIMS NET INCOME ADJUSTMENTS TO RESERVES
507 141 152 733 198 183 44.5% 39.9% 20.7%
1 0 0 2 0 0 3 0 0 4 0 0 5 0 0 6 0 0 7 0 0 8 0 0Chile México Perú
jun-14 jun-15 %Var 426 106 143 647 127 149 52.1% 19.5% 4.3%
1 0 0 2 0 0 3 0 0 4 0 0 5 0 0 6 0 0 7 0 0Chile México Perú
jun-14 jun-15 %Var 152 45 56 173 62 95 13.6% 36.5% 69.0%
20 40 60 80 100 120 140 160 180 200Chile México Perú
jun-14 jun-15 %Var 12 5 14 11 3 31
130.0%
(5) 5 10 15 20 25 30 35Chile México Perú
jun-14 jun-15 %Var
Cifras en miles de milloneswww.gruposura.com.co
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CEO: DAVID BOJANINI CFO: IGNACIO CALLE IR Director: JUAN CARLOS GOMEZ IR Specialist: MARIA ADELAIDA OCHOA E-mail: ir@gruposura.com.co Phone: (574) 4355941
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