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

Welcome to Grupo Eval's third quarter 2025 Consolidated Results Conference Call. My name is Regina, and I will be your operator for today's call. Grupo Eval Acciones y Valores S.A. Grupo Eval 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 Eval is also subject to the inspection and supervision of the Superintendency of Finance, as holding company of the Evolve 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 Valores 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. but 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 Celano, Chief Financial Officer, Mr. Jorge Castaño, Corporate VP of Financial Assets and Efficiencies, Mrs. Paola Duren, Corporate VP of Sustainability and Strategic Projects, Mr. Jorge Alcalvaro, VP of Synergies at Evalo Valor Compartido, and Mr. Cornelio Perez, Banco de Bogotá's chief economist. I will now turn the call over to Ms. Maria Lorena Gutierrez-Botero, chief executive officer. Ms. Maria Lorena Gutierrez-Botero, you may begin.

Thank you. Good morning, everyone, and thank you for joining us for our third quarter 2025 conference call. I am here with Diego Solano, our CFO, Jorge Castaño, corporate VP of Financial Assets and Efficiency, Paula Duran, Corporate VP of Sustainability and Strategic Projects. Jorge Osalvaro, VP of Synergies at Aval Valor Compartido. And Camilo Perez, Chief Economist of Banco de Bogota. This quarter will reach a year-to-date net income of 1.43 million pesos, 88% higher than the same period of 2024. Net income for the quarter was 521 billion pencils, the highest quarter figure in three years, growing 25.3% over the year and 5.3% over the quarter. This performance reflects a strong net income, a continued improvement in casualty loans, a pickup in loan growth, and the results of our cost-contention efforts. Before analyzing our financial performance, I will share the progress made in some of our strategic projects. First, our banks have continued working on improving their deposit needs through retail funding. We launched accounts and saving pockets with a special remuneration rate and repositioned our bank payroll account value proposition to both individuals and businesses. We also introduced product offerings to face increased competition, including short-term side deposits and savings accounts with competitive rates. As a result of the above, pesos denominated deposits from individuals grew 22% over the year with savings and checking accounts growing 11% and third deposit 31%. Second, in addition to the deposits, our effort to increase our presence in the consumer segment considers increasing our share of lending products where we are underweight and revamping our payment value proposition. We aim to increase our market share in credit cards, where we have a space to grow. On this front, we enter an alliance with Visa that grant us exclusivity in Colombia for the FIFA World Cup. Third, on October 6th, the Central Bank immediate payment system officially started operations, offering every day, at any time, instant and free transfers. This system will reduce the use of cash and promote financial inclusion. In Colombia, 75% of monetary transactions are with cash. We estimate these numbers could go down to 55% in three years, considering Brazil's peak experience. Given this opportunity, in September 2025, we launched GoPayments, own instant payments with world-class infrastructure that will improve our time to market and offer innovative, safe, and user-friendly solutions. Four, as we mentioned in the past, we are simplifying our processes through transversal initiatives, capturing value in our operational and administrative processes. This effort is based upon our main guiding principle, our external and internal customers go first. I will now invite Jorge Otalvaro to go into more detail on Goan payments and our synergies plan executed through Aval Valor Compactido.

Jorge? Thank you, Maria Lorena. Good morning. At Grupo Aval, we are fully committed to driving the immediate payment system led by Central Bank in Colombia. GoPayments will serve as our payment platform for the group's entities, and we also enable fintechs, trust companies, and other players to connect the payment system where our value proposition is autonomy, differentiation, and agility in time to market with the central bank across all channels. Our strategy includes of the processing capabilities, traditional and instant payments, including house services for about banks and third parties. We are ready to launch innovative solutions that deliver a competitive edge, including interoperability for account-to-account merchants and payments, advanced capabilities in cash management, payment collections, QR solutions, and open ecosystem for third parties. Our four banks and DALI, were the first and only players in Colombia offering seamless private cash transfers via WhatsApp, merging into our clients' day-to-day habits and offering an easy experience. We will measure success by the impact on cash reduction and the adoption of services by new clients, prioritizing cash management and excellence in P2P services. Let me mention our performance during the first month of spread. More than 8 million keys individuals, 62% of them which are TACAVAL, the only customizable alphanumeric key in the market, more than 10 million transactions. We also have a market share over 45% in merchant keys with more than 1 million keys And finally, we process more than 10 million transactions with a total amount of 2 trillion pesos. Now, let me share our results on synergies and efficiencies at Aval Valor Compartido ABC. In 2025, we focused on identifying potential synergies and implementing action plans to capture efficiencies to standardization and process mastery while raising productivity and control standards. After analyzing 30 administrative and operational processes, we initially selected eight key processes for our synergy model. Administrative processes include procurement, property management, facility management, talent acquisition, payroll, and physical security. Currently serving Banco de Bogotá Banco del Occidente, Aval Valor Compartido, and Gold Payments. Other entities will be incorporated in the coming months. A second wave to be launched next year will focus on operational synergies, particularly in office banking processes and IT synergies such as cloud, data center operation, and optimization of our physical channel network. Some of the key achievements in 2025 are 40% reduction in procurement cycle time, 50% simplification of active contracts, and we also launched the Aval Real Estate portal, and we could buy two-thirds the commercialization times for other real estate owners. In cybersecurity, we designed the Cybersecurity Synergies Strategy prioritizing the security operational center, SOC, and the centralization of the critical tools. The SOC service points coverage increased from 16 to 23 connected companies. We also launched the AvalTalent portal that will reduce 20% in real time to hire. Finally, talking about ADNs and banking agents, we are the first to implement near-field communication NFC technology in Colombia, and we developed also a machine learning model to optimize coverage of AvalPan's physical service points. Thank you all for your attention. Maria Lorena.