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Presentación Institucional | Itaú Colombia

Institutional presentationItaú CorpBanca Colombia S.A.

Abril de 2017

Agenda

1. Who we are

Institutional Presentation | Itaú Colombia

Itaú CorpBanca Colombia

Itaú Fiduciaria

Itaú Securities

Services

Itaú Comisionista

de Bolsa

Itaú (Panamá)4

Itaú Casa de

Valores (Panamá)

Itaú Corredor de Seguros

94.0%

94.5%

95.0%

100%

100%

Source: Itaú Chile, Itaú Colombia

1-Includes 3.651.550.022 shares owned by Saga III SpA that are under custody. 2- Includes 508.725.981 shares owned by Cía. Inmobiliaria y de Inversiones Saga SpA that are under custody. 3- Since April 2016 Itaú

Unibanco increased it´s participation by 4.56%, percentage sold by the Saieh Family according to what was established in the Shareholder´s Agreement; 4- Itaú (Panama) has international license.

Group Structure in Colombia

We maintain the group’s structure with Itaú CorpBanca in Chile as our parent company and Itaú Unibanco in Brazil as controlling shareholder

ItaúUnibanco 1

Familia Saieh 2 IFC Others

38.2% 3 28.6% 3.3% 29.9%

ItaúCorpBanca

CorpGroup Minority

87.1% 12.4% 0.5%

Itaú CorpBancaColombia


Our History

Two years with the Itaú Brand, long trajectory in the country

Acquisition

of Helm Bank

Legal merger

CorpBanca

and Helm

1912 1942 1997 2012 2014

Banco Alemán

Antioqueño

2016

1962 1976 1978 2002 2009

Banco de Construcción

y Desarrollo

Banco de Crédito

y Desarrollo

Banco de

Crédito

2013 2017

Integration

with Itaú BBA

2012

Corporación

Financiera Itaú BBA


Our way

We have defined a corporate culture

made of seven attitudes that drive all of

our activities

It is the Itaú DNA, which shows in the way

we act, conduct business, create shared

value and generate sustainable results

It’s only good for us if it’s good for the client

We are people providing service to people, with passion and excellence. We

work with the client and for the client – because they are the main reason

behind why we do what we do.

We think and act like owners

We always think like business owners, leading by example and putting

collective objectives before personal ambition.

Ethics are non-negotiable

We do what is right, without using shortcuts or devious ways to do business.

We exercise leadership in a transparent and responsible way, fully

committed to society and the best governance and management practices.

Simple. Always

We believe that simplicity is the best path to efficiency. That’s why we strive

not to mistake depth for complexity, and simplicity for simplism.

The best argument is the one that matters

We encourage a challenging work environment, which is open to questioning

and constructive discussion. For us, the hierarchy which counts is the

hierarchy of the best idea.

People mean everything to us

Everything we do is carried out by people. Talented people who enjoy

working in a collaborative atmosphere, based on meritocracy and high

performance.

We’re passionate about performance

Generating sustainable results is in our DNA. The continuous challenge of

seeking leadership in performance has brought us to where we are – and will

continue guiding our company towards our objectives.


Sustainability Strategy

Our sustainability strategy is oriented towards value creation,

culture, and innovation, by means of three work fronts; sustainable

financing, responsible environmental management, and financial

education.

At the base of this scheme, the Management and Sustainability report is

our channel to be accountable, and through volunteering we mobilize the socioenvironmental impact with our

employees

Innovation

CultureValue creation

Responsible environmental

management

Management and sustainability report - Volunteering

Financial educationSustainable financing

Agenda

2. Profile


Itaú Unibanco | Footprint in Latin America September 2019

Source: Itaú Unibanco

1- Considers employees and branches from Panama

Employees: 1,655

Branches + CSBs: 85

ATMs: 176

Argentina

Employees: 5,645

Branches + CSBs: 194

ATM: 458

Chile

Employees: 83,536

Branches + CSBs: 4,201

ATMs: 46,356

Brazil

Colombia¹

Employees: 3,416

Branches + CSBs: 153

ATMs: 170

Employees: 1,111

Branches + CSBs: 27

OCA service points: 35

ATMs: 60

Uruguay

Corporate and IB

Retail and Wholesale

Mexico

Employees: 867

Branches + CSBs: 44

ATMs: 298

Non-bank correspondents: 57

Paraguay

PerúOficina de

Representación

Panama


Itaú Unibanco | Global Footprint

Itaú Unibanco has an important presence in key financial centers supported by a unique recognition and reputation

We want to be recognized as: The Latin American Bank

CIB

London, Lisbon, Madrid, Paris, Frankfurt

Institutional Clients / Asset

London

Private Banking

Zurich

CIB / Institutional Clients / Assets

Tokyo, Dubai

CIB / Institutional Clients

Mexico

CIB

NY, Cayman, Bahamas


NY, Cayman

Private Banking

Cayman, Bahamas, Miami

CIB

Brazil, Argentina, Chile, Peru, Colombia,

Uruguay, Paraguay, Panamá


Brazil, Argentina, Chile

Private Banking

Brazil, Chile, Paraguay

Retail Banking

Brazil, Argentina, Chile, Paraguay, Uruguay,

Colombia, Panamá



Itaú Unibanco at a glance

Leading position in Brazil

▪ USD$ 82.4 billon market cap (1)

▪ 96.764 employees in Brazil and abroad

▪ 4,704 branches and CSBs in Brazil and abroad

▪ 47,518 ATMs in Brazil and abroad

▪ Around 55 million clients

▪ Brazilian multinational bank

▪ Major provider of financing for the expansion of Brazilian companies

▪ In 2017 Itaú Unibanco was elected The Best Company in People Management (by “Valor Carreira”

magazine) and also recognized as a pro-ethics company (Pró-Ética), an initiative between the Office of

the Comptroller General (2) with the private sector, which encourages the voluntary adoption of integrity

measures and corruption prevention in the business sector, being the only financial institution among

the companies approved.

Global Footprint of Brazil’s Top Private Sector Bank | September 30, 2019

Financial Highlights and RatiosAs of and for the quarter ended September 2019


1- As of September 30 2019. 2- Controladoria-Geral da União (CGU)

Highlights

Total Assets USD 418.1 Bn

Total Loans (1) USD 165.7 Bn

Shareholders’ equity USD 30.2 Bn

Recurring Net Income 2018 (2) USD 6.2 Bn

Recurring Net Income 2Q19 (3) USD 1.7 Bn

Long Term Foreign Currency(Itaú Unibanco Holding)

Moody’s: Ba3

Fitch BB

S&P BB-

Financial Ratios

Recurring ROE 2018 (4) 21.9%

Recurring ROE 2Q19 (5) 23.5%

Efficiency Ratio 2018 (6) 47.6%

Efficiency Ratio 3Q19 (6) 45.5%

Liquidity Coverage Ratio 151.9%

Tier I Capital - BIS III 14.1%

(1) Includes financial guarantees provided and corporate securities.(2) Represents Net Income adjusted for certain non recurring events described in the 4Q18 MD&A – Executive Summary.(3) Represents Net Income adjusted for certain non recurring events described in the 3Q19 MD&A – Executive Summary.(4) Calculated using Recurring Net Income / Average Equity. For annualized calculation method, please refer to HistoricalSeries Spreadsheet.(5) Calculated using Recurring Net Income / Average Equity. For annualized calculation method, please refer to the 3Q19MD&A – Executive Summary.(6) See “Efficiency Ratio” slides in this presentation for criteria.


Itaú CorpBanca | Highlights

Key part of Itaú Unibanco’s Internationalization Strategy

Sources: Itaú Corpbanca, CMF and SFC.

1- Information as of September 30, 2019; 2- Figures were converted at an exchange rate of 728.58 CLP/USD; 3- Information as of August 31, 2019; 4- Includes headcount of our New York branch and since 1Q’18 also from

our RepOffice in Lima and also in Madrid until 2Q’19; 5-Includes headcount of Itaú (Panamá); 6-Tangible Equity: Shareholders equity net of goodwill, intangibles from business combination and related deferred tax liabilities.

Assets USD 36.2 bn USD 44.6 bn

Loans USD 24.4 bn USD 30.9 bn

Market Share 10.1%

Headcount 5,538 1 8,955

Branches 194 347

Recurring Net

Income 3Q19USD 83 mm USD 91 mm

Recurring

RoTAE 3Q19 2 9.6% 8.1%

Regional footprint & main indicators September 2019


Itaú Colombia | Highlights

▪ Seventh bank ranked by assets

▪ 4.4% market share in loans as of August 2019

▪ 2,993 employees

▪ 153 branches

▪ 170 ATMs

▪ 382 thousand clients1

▪ Geographic presence in 30 domestic locations, international location in Panama2

Source: Superintendencia Financiera & Itaú Colombia. Exchange rate of COP 3459.03 per USD as of September 30, 2019

1- Depuration on the number of accounts given the technologycal migration process 2- Includes major cities and municipalities. 3- 90 days for Commercial and Consumer portfolio, 120 days in mortgage portfolio

Highlights Sep-19

Total Assets USD 8.1 billions

Total Loans USD 6.0 billions

Stockholders’ Equity USD 1.0 billions

Net Income 2018 USD 3.0 millions

Net Income as of 3Q19 USD 42.3 millions

Risk Ratings AAA (local)

BBB- (IDR)

Financial Ratios Sep-19

ROE 2018 0.3%

ROE 2019 5.5%

NPL90 days 3 3.5%

IRL 30 days 352%

Tier I 9.7%

Tier II 15.3%

Agenda

3. Business Aspects


Accomplishments

The bank successfully completed the milestones set for 2018 and continues following the strategic plan

Source: Itaú Colombia

Sustainable performance in the long term

2016 2017 2018 2019

▪ Change of strategy for the IT integration

▪ Alignment and new standards for market and liquidity, and operational risks.

▪ Revision of wholesale loan portfolio

▪ Incorporation of Itaú BBA

▪ Introduction of the Itaú brand and beginning of technological migration

▪ Creation of Franchise VP

▪ Evaluation of products and businesses

▪ Revision of retail loan portfolio

▪ Completion of IT migration

▪ Digital strategy

▪ Reorientation of retail banking

▪ Customer service quality

▪ Reorientation of financial results

▪ Consolidation of value offer for retail banking

▪ Development of digital channels

▪ Growth in SME segment

▪ Positive trend in the bank’s financial results


Customer segmentation

Simplified, with a differentiated value offer


Individuals Companies

Private Bank

Personal Bank

Itaú Sucursales

Corporate and Institutional

Enterprises

SME

Microenterprises


Itaú Colombia | Strong Corporate Governance supports the strategy


1- Itaú Unibanco and CorpGroup appoint the majority of the members of the board of directors; 2- Pursuant to the Shareholders Agreement, the Directors appointed by Itaú Unibanco and CorpGroup shall vote together as a

single block according to Itaú Unibanco’s recommendation; 3- At the moment of publishing this presentation, the CEO is Juan Pablo Michelsen

Board Chile

Itaú CorpBanca CEO

CFO

Gabriel

Moura

CRO

Mauricio

Baeza

Treasury

Pedro

Silva

Marketing &

Products

Luciana Hildebrandi

Colombia

Álvaro

Pimentel

Wholesale

Christian

Tauber

Retail

Julián

Acuña

Human

Resources

Marcela Jiménez

Legal &

Compliance

Cristián Toro

IT

Luis

Rodrigues

Itaú CorpBanca Colombia CEO

CFO

Juan Pablo

Michelsen

CRO

Juan Ignacio

Castro

Treasury

Derek

Sassoon

Compliance

Carlos

Díaz

Wholesale

Jorge

Villa

Retail

Hernando

Osorio

Human

Resources

María L. Ospina

Legal & General

Secretary

Dolly Murcia

Operations

Liliana

Suárez

IT

Bernardo

Alba

Board Colombia

Franchise,

Products & Digital

Marcos Andrade

Audit Committee

CAE

Emerson Bastián

Operations

Jorge

Novis

Manuel Olivares

Álvaro Pimentel

Chairman: Jorge Andrés Saieh Guzmán

Board Chile 1 2

Ricardo Villela Marino

Milton Maluhy Filho

Caio Ibrahim David

Andrés Bucher Cepeda

Pedro Samhan Escandar

Fernando Concha Ureta

Jorge Selume Zaror

Fernando Aguad Dagach

Gustavo Arriagada Morales

Bernard Pasquier

Matrix reporting to CEO

Colombia and functional

reporting to ITCB

Functional reporting to

CEO Colombia and matrix

reporting to ITCB for

coordination of specific

topics

Junta Directiva Colombia

Chairman: Manuel Olivares

Juan Echeverría González

Gabriel Moura

Mónica Aparicio Smith

Roberto Brigard Holguín

Agenda

4. Financial Highlights


Macroeconomic expectations Colombia 2019

Source: Itaú, Expectations survey by Banco de la Repúblca as of September 2019, Latin Consensus

GDP (%) USD Exchange (COP)

Inflation (%) Central Bank Rate (%)

3,00 3,00 3,103,40

Lowest Itaú Median Highest

3.1303.400 3.300

3.600


3,50 3,75 3,704,03


4,00 4,25 4,254,75



Statement of Income

Itaú is redirecting it’s income generation towards recurring sources and more profitable businesses, aligned with it’s strategy of sustainable profitability in the long term.


Net Income Sep-19 (USD millions)

+51%

+8% -24%

+0%+6%

248,0

50,5

38,985,0

190,3

19,842,2

Financial Marginwith Clients

Financial Marginwith the Market

Fees Cost of Credit AdministrativeExpenses

Income Tax Net Income


Positive trend in profit

After reaching breakeven in 2018, Itaú maintains a trend of recovery in the financial results with a net income of USD 42,4 millions and ROE of 5,5% as of September 2019.


1- 12 months net Income over 12 months average of equity and assets.

Quarterly income (USD millions)

Net income 2017: - $35,1 Net income 2018: + $3,0

Monthly income (USD millions)

Jan-19 Feb-19 Jul-19 Aug-19 Sep-19Oct-18 Nov-18 Dec-18 Mar-19

9M19: + $42,3

Apr-19 May-19 Jun-19

Profitability ratios 1

Period ROE (%) ROA (%)

Sep-18 -0.8 -0.1

Dec-18 0.3 0.0

Mar-19 2.5 0.3

Jun-19 3.9 0.5

Sep-19 5.5 0.7

Banks Sep-19 13.5 1.8

Average NIM (%)

-9,2 -9,6 -8,4 -7,8-4,9

-0,2

5,0 3,1

17,913,9

10,4

1Q17 2Q17 3Q17 4Q17 1Q18 2Q18

3Q18 4Q18 1Q19 2Q19 3Q19

4,64

5,21

5,00

2017 2018 2019

0,1

1,5 1,5

4,9

8,0

5,05,5

4,8

3,63,1

3,8 3,5


Balance Sheet - Assets

The focus will be increasing the size of the Retail Banking business, reaching a proportion similar to that of the average ofBanks in the medium term

Source: Superintendencia Financiera & Itaú Colombia. Exchange rate of COP 3459.03 per USD as of September 30, 2019.

1- Gross loans

Loan Portfolio mix Sep-19 (%)Asset Structure Sep-19 (USD billions, %)

67%

54%

19%

29%

13% 14% 3%

Itaú Banks

Commercial Consumer Mortgage Microloans

Total Assets: 8,1 billions

5,7

1,2

0,40,8

70% 15%6%

10%

Loan Portfolio Investments &derivatives

Cash &equivalent

Other Assets


2,7% 2,7% 2,7%3,2% 3,0% 3,0%

3,3%

3,7%

2,9%3,1%

3,7%4,0%

3,7% 3,7% 3,8%

3,5%

dic-17 mar-18 jun-18 sep-18 dic-18 mar-19 jun-19 sep-19

Itaú Banks

3,6%3,8%

3,5%

2,7%2,5% 2,5% 2,3% 2,3%

3,2% 3,3% 3,3%

3,2%2,9% 2,9% 2,8% 2,7%


Itaú Banks

2,4%

3,2% 3,3% 3,3% 3,2% 3,2% 3,2% 3,3%2,9%

3,0% 3,0% 3,1% 3,0% 3,1% 3,1% 3,1%


Itaú Banks

219% 217% 210%191%

207% 202%186%

172%186% 184%

172% 168%179% 181% 178%

189%


Itaú Banks

2,9% 3,0% 2,9% 3,1% 2,9% 2,9% 3,1%

3,4%3,1% 3,2%

3,5% 3,7% 3,5% 3,4% 3,4%

3,3%


Itaú Banks

Credit-Risk ratios


1- Loans past due over 90 days for Commercial an Consumer portfolios, and 120 days for Mortgage portfolio.

Total Coverage (%)

Commercial NPLs 90+ (%)

Cost of Credit (Quarterly) (USD millions, %)

Consumer NPLs 90+ (%) Mortgage NPLs 120+ (%)

Total NPLs 90+ (%)

40,5 39,331,5

43,2

23,3 29,514,5

2,7% 2,6%

2,1%

2,9%

1,6%1,9%

1,0%

1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19

Cost of credit Cost of credit / Avg. Loans


Balance Sheet - Liabilities

The Bank maintains it’s focus on structural funding

Source: Superintendencia Financiera & Itaú Colombia. Exchange rate of COP 3459.03 per USD as of September 30, 2019.

Composition of Deposits Sep-19 (%)Liabilities Structure Sep-19 (USD billions, %)

46%

15%

TDs

Bonds

31%

8%

Savings

Checking

Total Liabilities: 7,1 billions

72%

10% 9%5%

5,5

0,0

0,8

0,2 0,10,4

Deposits Repurchaseagreements

Foreignentities

Rediscount Derivatives Other


Liqudity Management under International Standards

A robust liquidity management complying with Basel III principles leads to a domestic ratio above 200%


Liquidity-Risk index IRL 30 days (%)

352%

0%

50%

100%

150%

200%

250%

300%

350%

400%

450%

500%

550%

600%

30/6

/17

31/7

/17

31/8

/17

30/9

/17

31/1

0/1

7

30/1

1/1

7

31/1

2/1

7

31/1

/18

28/2

/18

31/3

/18

30/4

/18

31/5

/18

30/6

/18

31/7

/18

31/8

/18

30/9

/18

31/1

0/1

8

30/1

1/1

8

31/1

2/1

8

31/1

/19

28/2

/19

31/3

/19

30/4

/19

31/5

/19

30/6

/19

31/7

/19

31/8

/19

30/9

/19


Itaú Colombia | Capital ratios

The regulatory capital ratio remains stable and adequate


Consolidated capital ratio benchmark Sep-19 (%)Non-consolidated capital ratio Jun-19 (USD millions, %)

946

226

720

320

61

1.100

Tier 1 w/odeductions

Good will Tier 1 SubordinatedDebt

Other RegulatoryCapital

9.6%

14.7%

Non-consolidated capital ratio evolution (%) Non-Consolidated capital ratio benchmark Sep-19 (%)

9,7 9,6 10,28,2 9,3

3,0 3,8 2,23,0

5,1

12,7 13,412,4

11,2

14,4

Peer A Peer B Peer C Peer D Itaú

Tier I Tier II

9,4 9,3 9,4 9,2 9,6 9,7 9,4 9,6 9,7

3,3 3,4 4,5 4,5 4,7 4,9 4,8 5,1 5,6

12,7 12,7 13,8 13,7 14,3 14,6 14,2 14,7 15,3

Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19

Tier I Tier II

15,4

19,5

12,414,0 15,3

Peer A Peer B Peer C Peer D Itaú


Itaú Colombia | Risk ratings

Itaú Colombia has an investment grade rating of BBB-, and a AAA domestic rating

Source: Rating agencies & Itaú Colombia

Fitch BRC S&P Moody’s

Colombia sovereign BBB / NegativeMay-19

BBB- / StableDec-18

Baa2 / StableMay-19

Issuer Default Rating – IDR

(International)BBB- / Stable

Mar-19

National, long-term AAA / StableJan-19

National, short-term BRC 1+Jan-19


Itaú Colombia | Highlights

Successful advance in the implementation of the Itaú model in Colombia, in accordance with our strategic plan.

Diversification and reduction in concentration of the Bank’s funding. Focus in structurality

Strength in Credit-Risk evaluation

Results show a trend of recovery, towards building sustainable profitability in the long term.

Levels of Capital remain stable, and sound among our peers.

The Bank has a better Balance-Risk position compared to prior years, and a stronger Liquidity-Risk position than the average

for the Colombian Banks.

Customer-centered: new and differentiated offer to simplify the structure of the individuals segment. Introduction of Personal

Bank in 2018

institutional presentation · institutional presentation | itaú colombia our way we have defined a...

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