Corporate Presentation June 2019 1 Disclaimer This presentation - PowerPoint PPT Presentation

Corporate Presentation June 2019 1

Disclaimer This presentation may contain statements that are forward-looking within The information provided herein is for informational and illustrative the meaning of Section 27A of the Securities Act and Section 21E of the U.S. purposes only and is not, and does not seek to be, a source of legal, Securities Exchange Act of 1934. Such forward-looking statements are investment or financial advice on any subject. This presentation does not based on current expectations, projections and assumptions about future purport to address any specific investment objectives, financial situation or events and trends that may affect GEB and are not guarantees of future particular needs of any recipient. It should not be regarded by recipients as a performance. substitute for the exercise of their own judgment. This information does not constitute an offer of any sort and is subject to change without notice. GEB The shares have not been and will not be registered under the U.S. is no obligation to update or keep current the information contained herein. Securities Act of 1933, as amended (the “Securities Act”) or any U.S. State securities laws. Accordingly, the shares are being offered and sold in the GEB expressly disclaims any responsibility for actions taken or not taken United States only to qualified institutional buyers as defined under Rule based on this information. GEB does not accept any responsibility for losses 144A under the Securities Act, and outside the United States in accordance that might result from the execution of the proposals or recommendations with Regulation S of the Securities Act. presented. GEB is not responsible for any content that may originate with third parties. GEB may have provided, or might provide in the future, We converted some amounts from Colombian pesos into U.S. dollars solely information that is inconsistent with the information herein presented. No for the convenience of the reader at the TRM published by the SFC as of representation or warranty, either express or implied, is provided in relation each period. These convenience translations are not in accordance with to the accuracy, completeness or reliability of the information contained U.S. GAAP and have not been audited. These translations should not be herein. construed as a representation that the Colombian peso amounts were, have been or could be converted into U.S. dollars at those or any other rates. 2

GEB at a Glance Section 1 3

Timeline More than 120 years of sustainable organic and inorganic growth, record of success Foundation & Transformation Diversification Growth and Consolidation New Corporate Strategy Acquisition of Int’l Bond Issuance for 2018 USD$749 mm assets and Creation of agreements of & GEB reports change IPO Empresa de Energía Ecogas through Merger EEB in its shareholding de Bogotá (“EEB”) is 2016 TGI through a - structure after between TGI founded to 2017 capitalization Acquisition & Transcogas democratization generate, transmit and of and distribute transformation electricity in Bogotá process within • Codensa absorbs EEB 2015 EEC • New Corporate Acquisition EEB is transformed Strategy 2013 from a state-owned entity into a stock Concession corporation organized • Approved sale of up 2012 Granted to a 20.0% stake of as a public utilities company major shareholder 2011 • Other minor stake 51.0% divestitures 2010 The District of Bogotá 2009 acquires Int’l Bond Issuance 2008 100% of the for USD$750 mm Int’l Bond Issuance for 2007 company 2006 USD$320 mm 2002 1997 1996 1959 1896 Recurrent issuer in the local and international capital markets 4

Shareholding Structure Shareholders as of Jan 31, 2018 Shareholders as of June 30, 2019 Number of shares outstanding: Number of shares outstanding: 9,181,177,017 9,181,177,017 Total shareholders : Total shareholders : 3.688 6.424 65,7% 76,3% Pension Funds 21,2% Pension Funds 16,5% 5,2% 3,6% Others 3,6% Others 7,9% 5

Democratization* Law 226 of 1995 Democratization Results: (First and second phase) • District of Bogotá received COP$1.963.020 million Management Agreement • This amount represents 10,6% of GEB’s common SDH-EEB shares Organize and manage the Democratization* process February 2017 20/12/2017 7 1 6 2 3 4 5 0 City Government Council First phase District of Bogotá has Operation completion endorses the Solidarity sector authorization to sell the and closure Disposal Program Dec. 26th – Feb 26th,2018 remaining 9,4%. The July 31st, 2018 and sets minimum price operation should be Offer Notice of Roadshow December 20th, 2017 considered by the next offer period local government Due diligence, valuation Issuance of Second phase and structuring process, Democratization decree General public February 2017 - and program July 5th – July 18th, 2018 2nd Semester 2017 December 20th, 2017 Offer Notice of In process Roadshow period offer Completed *Divest up to 20% of GEB’s Common shares owned by the District, authorized by Bogotá Council (November 2016). Note: In accordance with the agreement 656 of 2016 of the District Council of Bogota, the District will execute a Democratization process. The information herein countained is only for information and illustrative purposes. It is not intended to be an exact estimation, nor is it a source of legal, investment or financial advice information on any matter. 6

Investment Highlights Section 2 7

Investment Highlights 1 Proven Ability to Integrate, Develop and Operate Diversified Energy Businesses 2 Leading Participant in Relevant Latin American Energy Markets Stable and Predictable Cashflow Generation 3 A Sustainable Company with Track Record of Value Creation 4 Experienced Management Team, Supported by World-Class Strategic Partners 5 and Strong Corporate Governance Standards 8

Proven Ability to Integrate, Develop and Operate Diversified Energy Businesses GEB is a leading energy holding in LatAm with a diversified portfolio of power and natural gas companies, classified in three strategic business groups: Transportation & Transmission Distribution Generation Power Natural Gas Power Natural Gas Power Distribution Distribution Transmission Transportation Generation 3,8 mm clients in Power Distribution 13.841 km of Transmission Lines 3.500 MW in Installed Capacity 3,1 mm clients in Natural Gas Distribution 4.288 km of Gas Pipelines 16.823 GWh in Power Generation USD$396,5 mm USD$1.354 mm USD$894 mm USD$441 mm USD$576 mm COP$19.372.283 mm / USD$6,0bn CAPEX 2018 Revenue EBITDA Operational Income Net Income Market Cap. 2018 2018 2018 2018 Jun 30, 2019 Dividend Approved 2018 6,2% +11,6% +7,5% +17,9% +13,4% COP$1.193.533 mm Dividend Yield 2017 – 2018 2017 – 2018 2017 – 2018 2017 – 2018 COP$130 per share (+13%) Jun 30, 2019 9

Proven Ability to Integrate, Develop and Operate Diversified Energy Businesses Distribution Transmission & Transportation Generation * * * * * 10 10 *Not controlled companies. *Not controlled companies. *Not controlled company.

Leading Participant in Relevant Energy Markets GEB’s subsidiaries and affiliates have market leading participations across the energy chain in Colombia, Peru and Guatemala Colombia Guatemala # 1 Colombia (5) Natural Gas Transportation Colombia Power Transmission # 1 Guatemala (1) Market Share 54,0% (5) (Private Company) Guatemala % Nat’l Network (km) Market Share 22,8% (1) % Revenue NTS Power Distribution # 1 Colombia (6) Peru Market Share 23,3% (6) % Subscriptions Peru Power Transmission # 1 Peru (2) Power Transmission Market Share # 2 Colombia (7) 67,3% (2) % Revenue NTS Market Share 19,7% (7) Natural Gas Dist. / Transp. % Revenue NTS # 1 Peru (3) Brazil Market Share Power Generation 74,3% (3) # 1 Colombia (8) % Distributed Volume Market Share 20,2% (8) Brazil % Installed Capacity Power Transmission Natural Gas Distribution # 2 Colombia (9) (4) Market Share Market Share 0,8% (4) 32,3% (9) % Network NTS (km) % Connected Users Source: (1) https://www.amm.org.gt/portal/?page_id=145; (2) http://www.coes.org.pe/Portal/Integrantes/AportesIntegrantes; (3) http://www.minem.gob.pe/_estadisticaSector.php?idSector=5, http://www.perupetro.com.pe/exporta/; (4) http://www.mme.gov.br/web/guest/secretarias/energia- eletrica/publicacoes/boletim-de-monitoramento-do-sistema-eletrico/boletins-2019; (5) http://www1.upme.gov.co/Hidrocarburos/publicaciones/Plan_Transitorio_Abastecimiento_Gas_Natural.pdf; (6) http://reportes.sui.gov.co/fabricaReportes/frameSet.jsp?idreporte=ele_com_094; (7) www.xm.com;(8) http://informacioninteligente10.xm.com.co/oferta/Paginas/HistoricoOferta.aspx; 11 (9) Projection, based on the average growth of Users connected quarterly