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

Welcome to Grupo Aval's second quarter 2026 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 Aval Financial Conglomerate. The consolidated financial information included in this document is presented in accordance with IFRS as currently issued by the IASB. Details of the calculations of non-IFRS measures such as ROAA and ROAE among others are explained when required in this report. On November 27, 2025, Banco de Bogotá's subsidiary, Multifinancial Holding Inc., MFG, entered into a share purchase agreement with BAC International Corporation, BIC, a subsidiary of BAC Holding International Corp., for the disposal of 99.57% of the issued and outstanding shares of Multifinancial Group Inc., MFG, the parent company of Multibank Inc. On March 18, 2026, After obtaining the required regulatory authorizations and fulfilling all agreed conditions precedent, the transaction was completed. For comparability purposes only, we have prepared and present supplemental unaudited pro forma financial information for the periods prior to 4Q25, which reflects the reclassification of the operations relating to MFG as non-current assets and liabilities held for sale and discontinued operations. The supplemental unaudited pro forma financial information is not intended to represent and should not be considered indicative of the results of operations or financial position that would have been achieved had the transaction occurred on the dates assumed, nor is it intended to project our results of operations or financial position for any future period or date. The pro forma financial information is unaudited, and the completion of the external audit for the year ended December 31, 2026, may result in adjustments to the unaudited pro forma financial information presented herein. 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. Participants 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 updates or such material developments prior to our next earnings report. The financial statements of Grupo Aval Acciones y Valores S.A., in accordance with Colombian regulations, must be filed with the market and with the Superintendency of Finance with the opinion of an external auditor. At the time of this solicitation, this process is still ongoing. 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. 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 second quarter 2026 conference call. I am here with Diego Solano, our CFO, Camilo Perez, Chief Economist of Banco de Bogota, and Ernesto Gutierrez de Pineres, Chief Technology Officer. Before discussing our quarterly results, I want to address the earthquake that took place in Colombia this week. On behalf of Group Aval, our thoughts are with everyone affected. Our priority has been the safety of our employees, our clients, and communities we touch. We took immediate action to leverage our transactional and logistical capabilities to support emergency relief efforts. We enabled our network of over 2,700 ATMs Mobile Banking Platforms and DALE. To China donations to the Colombian Red Cross and the Colombia Un Solo Corazón Initiative. Through CENCIA, a coffee Colombiana investment, we also set up El Campini Stadium as a collection center for essential supplies. Yesterday we have more than 1,000 people there in the city. Regarding our operations in the areas most affected by the earthquake, We have temporary service interruptions in several service points to ensure the safety of our clients and employees. In addition, these regions were initially affected by widespread electricity and communications failures. Our operations and services have been progressively restored. Turning now to our corporate highlights. Our attributed net income reached 577 billion Colombian pesos, up 17% compared to the second quarter of 2025, and the highest quarterly result since March 2022, reflecting the continuous trend of profitability. ROA reached 12.7% for the quarter. The quarter was marked by solid loan and deposit growth, a strong contribution from our investment portfolio, and for remaining stable asset quality and continued efficiency gains. In addition, we continue to deploy a strategic initiative focused on deepening retail customer presence and strengthening our payments ecosystem. Through our lives with Visa, we deliver unique customer experiences, reaching more than 750,000 participants in the brand activities launched during the FIFA World Cup 2026. In parallel, our banks have been working in QR-based instant payment collection solutions for businesses for their Enhancing Our Transaction Banking, Offering and Deposits to a Franchise. As for the recent development, on July 31st, Banco de Bogota completed the transfer of the retail banking and supplier releases and contracts from Banco Itaú in Colombia. The transaction has more than $250,000 Retail banking customers and reinforces Banco de Bogota's strategy to grow and strengthen its retail banking franchise, especially in the admin segment. On June 19, Grupo Wild Holdings, Banco de Bogota, Banco Occidente, and Banco Popular contributed their investments in Corri Colombiana to a special-purpose vehicle. Each entity retains its indirect stake in Corfy. This transaction is primarily aimed at simplifying Corfy Colombiana's ownership structure, consolidating the stake into a single jointly controlled vehicle within Group R. Diego will touch on this in more detail later on. We will begin this call discussing some key elements. of our technology strategy, a key driver of Grupo Aval's reformations and future growth. Before passing the call on to Ernesto Gutierrez, our chief technology officer, I want to highlight this. At Grupo Aval, we are deploying a technology strategy to support factory innovation and more efficient operations and to improve our customers' experience. This strategy seeks to build advantages to compete in a more digital and connected financial system shaped by data analytics and artificial intelligence and to redirect operational capital transformation investment aligned with best practices for the financial industry. To achieve this result, we are working on four key techniques. First, improving our service platform to allow us to better understand and serve our customers. Third, re-engineering our digital course to accelerate our time to market. Third, migrating to a group of our cloud, a modern and resilient platform that will support this evolution by leading up our adoption of new solutions, improving the resilience of our operational platform and capturing synergies across the globe. and finally strengthening our data platforms to improve real-time decision-making. I will turn the call over to Ernesto who will provide additional color on our technology strategy. Ernesto?

Thank you, Maria Lorena. Good morning, everyone. I would like to give you a brief update on the execution of our technology strategy and more importantly, and how it is beginning to translate into growth, structural efficiency, and resilience across the Group of One. As Maria Lorena has outlined, technology, innovation, data, and institutional intelligence are key neighbors of our long-term strategy. Our focus now is execution. We start from an important competitive advantage, our scale. Group of One is a multi-entity financial group and our technology strategy is designed to turn that scale into economic advantage by building shared capabilities that can be developed once and developed across the group. This is the foundation of our Common Digital Code, a secure, scalable, and offering architectural design to operate increasingly in real time, connect with partners and ecosystems, and prepare the group for the opportunities created by Open Finance and Open Data. We are restituting this strategy across four main pillars. The first one is Avanti Safety. Knowledge and serving our customers first. Avanti Safety is creating a more integrated view of our customers across the group, allowing us to improve continuity across channels, personalized interactions, and processing increase our ability to across sell products and service across our entities. The business objectives is straightforward, higher conversion and stronger retention and greater value for a customer. Artificial intelligence is becoming an important part of this strategy. For example, in next hour, BTO company will take the 30% of a person installs plus to be handling through the AI enabled solution. Digital increasingly escalating our response capacity while maintaining the service quality and customer experience for our customers. At the same time, digital adoption continues to expand. Today, 67% of our customers are ready to end their transactions through their digital channels. The second point is our digital cost. We are accelerating our digital bid. We are building shared capabilities to design, launch, and escape digital products faster, while progressively reducing dependency on traditional core systems and making it easier to connect with the external ecosystem and partners. Our new digital private loan solution is on track to go live in the fourth quarter of the year. In parallel, we continue to advance to our capabilities for credit cards and customer loans and retail banking transactional services. Together, this initiative addresses a significant part of the financial needs of our retail customers. The value proposition is clear, short time to market and lower structural costs for profit. And importantly, these are not capabilities designed for a single entity. They are being built to be reused and inspired across the group of us. The third point is DevOps, turning data into better decisions. Devos is our management intelligence platform and it fits to serve as a digital screen of our banking operations. The preferred share is already integrated nine business dimensions into a common management view. Through this integration with Augusta, our physical platform, we are increasing our ability to understand relationships among customers, products, and companies across the group of us. The objective is to move progress from analyzing what happened to understanding what is happening and what may happen next. This will support various decisions in areas such as customer management, risk, capital allocation, and operational efficiency. The last point is Aurora. Aurora is our top platform strategy. Aurora is a platform through which we are modernizing the technology practices for the group. This architecture combines public cloud capabilities including AWS and Microsoft Azure with private cloud capabilities developed through our partnerships with IBM and Kindle. The objective is to improve resilience, availability, scalability, and security while structuring we are releasing our infrastructure obsolescence. Aurora also changed the economics of our infrastructure moving Progressive from a recurring capital-intensive technology advance toward a more flexible and management capability model. But there is another important dimension to Aurora. The efficiency generated by Aurora will be reinvested to help fund the next stage of our technology transformation. This creates a virtuous cycle in which transformation generates savings, and those savings help to fund the product transformation. In that sense, Aurora is not only modernizing our feedback tool. It's also helping us build a more sustainable funding model for our broader technology agenda. Taking together these four fields are designed to deliver three fundamental outcomes. The first is growth. Faster product launch, stronger digital capabilities, better customer knowledge, and greater ability to depend The second point is structural efficiency. We are redefining the way that the Group Aval operates through the more real-time processing, various automation, increasing use of artificial intelligence, short platform, and lower levels of manual intervention. This is not one-time cost-reduction effort. It's about creating a more efficient operational model for Group Aval. And the third part is Trust and Resilience. Security, control, data governance, and operational continuity remain embedded in the design of a recovery that we build. In the financial services, trust is a prerequisite for sustainable growth. All of this supported by a strong principle, capital discipline. We are moving from a management technology as an inventory of products to prioritizing investments based on strategic contributions, expected returns, and value creation. In summary, Grupo Valor is moving from strategy to execution. We are scaling shared capabilities across the group, developing artificial intelligence into a real operation, accelerating Our digital products, roadmaps, and using data to make better decisions. And importantly, we are doing this with a model in which technology increasingly generates efficiencies that help us in our own evolution. Technology is becoming a business capability for Grupo A, with the customers always in the center. Thank you.