Grupo Aval Acciones y Valores S.A. ADR (Each representing 20 preferred shares)

Welcome to Grupo Aval's third quarter 2024 Consolidated Results Conference call. My name is Regina, and I will be your operator for today's call. 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 and supervision of the Superintendency of Finance as holding company, of the Eval Financial Conglomerate. The consolidated financial information included in this document is presented in accordance with IFRS as currently issued by the IASB. Unconsolidated financial information of our subsidiaries and the Colombian banking system are presented in accordance with Colombian IFRS as reported the Superintendency of Finance. Details of the calculations of non-IFRS measures such as ROAA and ROAE, among others, are explained when required in this report. This report includes forward-looking statements. In some cases, you can identify these forward-looking statements by words such as may, will, should, expects, plans, anticipates, believes, estimates, predicts, potential, or continue, or the negative of these and other comparable words. Actual results and events may differ materially from those anticipated herein as a consequence of changes in general economic and business conditions, changes in interest and currency rates, and other risks described from time to time in our filings with the Registro Nacional de Balleros y Emisores in the SEC. Recipients of this document are responsible for the assessment and use of the information provided herein. Matters described in this presentation and our knowledge of them may change extensively and materially over time. we expressly disclaim any obligation to review, update, or correct the information provided in this report, including any forward-looking statements, and do not intend to provide any update for such material developments prior to our next earnings report. The content of this document and the figures included herein are intended to provide a summary of the subjects discussed, rather than a comprehensive description. When applicable in this document, we refer to billions as thousands of millions. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. With us today are Ms. Maria Lorena Gutierrez-Botero, Chief Executive Officer, Mr. Diego Solano, Chief Financial Officer, Ms. Paula Duren, Corporate VP of Sustainability and Strategic Projects, Mr. Jorge Castaño, Corporate VP of Financial Assets and Efficiency, and Mr. Camilo Perez, Banco de Bogotá's Chief Economist. I will now turn the call over to Ms. Maria Lorena Gutierrez-Watero, Chief Executive Officer. Ms. Maria Lorena Gutierrez-Watero, you may begin.

Thank you. Good morning, everyone, and thank you for joining us for our third quarter 2024 conference call. I am here with Diego Solano, our CFO, Camilo Perez, Chief Economist of Banco de Bogota, Paula Duran, our Corporate VP of Sustainability and Strategic Projects. I will start by highlighting this quarter's results. Positive trends anticipate that increased costs continue to consolidate, leading to the positive results shown in some key business metrics. Return on average equity was 9.7%, back to levels comparable to the third quarter of 2022. Our banking segment is back to net income levels close to the continued net income of third and fourth quarters of 2022, driven by improvements in cost of risk, a stronger mean on investment, and cost control. We continue to gain market share while growing at a prudent rate. Four beneath had the highest net income for a quarter in its history. coffee recovered from last quarter had a neutral contribution to net income. Moving on other topics, as part of the deployment of our corporate synergies and efficiency program, we have expanded ATH's role. To reflect its broader scope, ATH's name has changed to Aval Valor Compartido, or ABC. I would say we lacked a group of centralized platform for our subsidiaries business support processes, looking to unlock value for our shareholders by capturing synergies, efficiency, and best practice. We aim to leverage knowledge and technical investment capabilities to improve our agility and time to market. To support this mandate, We strengthened ABC's management team and raised the profile of its force. We appointed Isabel Cristina Martinez as CEO, Jorge Ivano Dalvaro as VP of Synergies, and Andrea Arevalo as VP of Finance and Strategy. Isabel previously acted as Banco de Bogota Administrative VP and has an astounding trajectory in banking, IT, telecoms. with a strong track record of execution in business transformation. Jorge Valls, more recently acted as NECI's COO and has ample experience leading IT operations and administrative areas in banking institutions in Colombia. Andrea has various management roles in strategy and finance within Grupo Alan Banco de Bogota and more recently acted as Pruya's CFO. To support the execution of the strategy of RSA, we have a new board of directors as well. I am now the chair of the board, and this includes four top leaders, independent board members with extensive senior level experience in relevant areas, including IT, innovation, shared services, management, and IT consulting, and ESG. On the payments front, we are supporting the central bank's initiative to create a real-time payment account-to-account system called Brevi. We believe that this platform will benefit retail customers and increase financial inclusion by increasing interoperability and providing efficient instant payments. As a step in this direction, in October, we launched TAG Aval. as a feature that enables payment interoperability, enhancing the service offered by our banks. For over 30 years, Red Aval has offered interoperability between our banks. Now, TAC Aval is a numerical key assigned to each saving product our clients have in our banks and DALE that enables instant payments between Aval accounts without the need for sharing personal information. In other matters, we continue in our efforts to participate in relevant public and private dialogue and events for the reactivation of the country's economy. This has allowed us to play a standing role in our sector, and we continue to convince that, aligned with our purpose of creating sustainable conditions for progress Group Bawal must continue actively promoting our efforts to reach maximum impact . Now, I will invite Paula to go over our ESG achievements to .

Thank you, Maria Lorena. To begin with, I would like to bring your attention to some of the most recent achievements that show the way we have enhanced and moved forward with our ESG commitment. In the latest corporate sustainability assessment, the evaluation used to define the Dow Jones Sustainability Index composition, we reached our highest score so far, increasing 18 points our previous score and placing us in the 90th percentile. We improved in all of the three dimensions, environmental, social, and governance, measured by the CSA. Our sustainable loan portfolio has become stronger, reaching 17.3 trillion pesos. financing sustainable construction, sustainable mobility, SMEs, sustainable agriculture, renewable energy, among other initiatives. In terms of governance, with the most recent appointment, female participation in the top management of our entities has increased considerably. At the group level, currently 35% of top management positions are held by women and 43% of the largest companies are led by women. This adds up to female presence in boards, which in most of our companies is higher than 30%. This is a strong signal of our commitment to attracting the best talent and promoting diversity of gender, experience, and abilities in our group. This quarter, we had an active participation in the United Nations Biodiversity Conference, COP16, that took place in Cali, Colombia. The COP16 saw Grupo Aval playing a leading role in over 40 events and high-level dialogue. Most of our NCT CEOs participated actively, as well as Grupo Aval's CEO, Mara Lorena, who was the only representative of the Colombian financial sector in the Blue Zone during the Global Finance Day, organized by UNICEF. In addition, during the COP16, we signed the Mansion House Declaration of United for Wildlife with the British Embassy, committing to fight against the illegal trafficking of wildlife species. We also made strong presence in different venues throughout Cali with exhibitions of our biodiversity achievements, as well as conservation and reforestation initiatives. Banco de Occidente celebrated 30 years of the Planeta Azul award that recognizes projects that preserve and conserve the country's water sources. Banco de Bogota expanded the reach of the Amazonia debit card, conserving mangroves in the Colombian Caribbean. Unipalma Promigaz, subsidiaries of Coche Colombiana, launched an innovative energy project based on biogas captured from crude palm oil that powers more than 1,200 homes. As for our social impacts, Mision La Guajira celebrated a new stage of the project, delivering visit solutions in possible water, sustainable energy, and food security to more than 4,500 people. I would like to highlight the relevance of this project that is led and followed up directly by our CEO, Maria Lorena, as well as the chairman of the Guadalajara Board of Directors, Mr. Ricardo Sarmiento Gutierrez. Our aim is to benefit by mid-2025 more than 25,000 people in 81 communities. With this project, we have also inspired similar efforts from the private sector to work together with the government and communities in other regions of the country. Our entities continue social programs and commitments in every social, financial education, management capabilities for small businesses and entrepreneurs, productive projects in indigenous communities, unemployment programs for senior citizens, among others. During the quarter, we also received several recognitions on the ESG front. Grupo Aval was included in the list of the 25 leading companies in sustainability by force. We were also ranked as the second conglomerate with the best reputation in Colombia, and improving team positions in the general reputation survey of the country. In the medical leaders ranking, Maria Lorena Gutierrez and Luis Carlos Armiento reached also top positions. Great Place to Work recognized Banco de Occidente as the first company in Colombia. ADL, Coyandina, Promigaz also ranked its top positions in the same ranking. In the Global Compact Awards, Corsi Colombiana won in the category Fight Against Corruption for its initiatives building society through corporate transparency. Banco de Occidente also won in the Best Business Practices category for its UNICEF credit card, which contributes to communities in La Guajira. Orbeniz received also recognition in the ConSubsidio Exposible Award for its contribution to the productive inclusion of senior citizens. Finally, as we move forward, we remain steadfast in integrating ESG principles across every aspect of our operations. We recognize sustainability not just as an obligation or commitment, but as a value driver and catalyst for innovation, growth, and shared value. This is the legacy we strive to build. Thank you.