Corporate Presentation June 2019 1 Disclaimer The information - PowerPoint PPT Presentation

Corporate Presentation June 2019 1

Disclaimer The information provided herein is for informational and illustrative This presentation may contain statements that are forward-looking purposes only and is not, and does not seek to be, a source of legal, within the meaning of Section 27A of the Securities Act and Section investment or financial advice on any subject. This presentation does 21E of the U.S. Securities Exchange Act of 1934. Such forward- not purport to address any specific investment objectives, financial looking statements are based on current expectations, projections and assumptions about future events and trends that may affect situation or particular needs of any recipient. It should not be regarded by recipients as a substitute for the exercise of their own GEB and are not guarantees of future performance. judgment. This information does not constitute an offer of any sort The shares have not been and will not be registered under the U.S. and is subject to change without notice. GEB is no obligation to Securities Act of 1933, as amended (the “Securities Act”) or any U.S. update or keep current the information contained herein. State securities laws. Accordingly, the shares are being offered and sold in the United States only to qualified institutional buyers as GEB expressly disclaims any responsibility for actions taken or not taken based on this information. GEB does not accept any defined under Rule 144A under the Securities Act, and outside the responsibility for losses that might result from the execution of the United States in accordance with Regulation S of the Securities Act. proposals or recommendations presented. GEB is not responsible for We converted some amounts from Colombian pesos into U.S. dollars any content that may originate with third parties. GEB may have solely for the convenience of the reader at the TRM published by the provided, or might provide in the future, information that is SFC as of each period. These convenience translations are not in inconsistent with the information herein presented. No accordance with U.S. GAAP and have not been audited. These representation or warranty, either express or implied, is provided in translations should not be construed as a representation that the relation to the accuracy, completeness or reliability of the Colombian peso amounts were, have been or could be converted information contained herein. 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 Int’l Bond Issuance for Acquisition of 2018 assets and US$749mm Creation of agreements of & GEB reports change IPO Empresa de Energía Ecogas through EEB in its shareholding Merger de Bogotá (“EEB”) is TGI 2016 through a - between TGI structure after founded to 2017 capitalization Acquisition democratization & Transcogas generate, transmit and of and distribute transformation electricity in Bogotá process within • Codensa absorbs 2015 EEB EEC • New Corporate Acquisition EEB is transformed Strategy 2013 from a state-owned entity into a stock Concession • Approved sale of up corporation organized 2012 Granted as a public utilities to a 20.0% stake of company major shareholder 2011 • Other minor stake 51.0% divestitures 2010 The District of Bogotá 2009 acquires Int’l Bond Issuance 2008 100.0% of the for US$750mm Int’l Bond Issuance for 2007 company 2006 US$320mm 2002 1997 1996 1959 1896 Recurrent issuer in the local and international capital markets 4

Shareholding Structure Shareholders as of May 31, 2019 Shareholders as of Jan 31, 2018 Number of shares outstanding: Number of shares outstanding: 9,181,177,017 9,181,177,017 Total Shareholders : Total Shareholders : 3.688 6.436 65,7% 76,3% Pension Funds 21,2% Pension Funds 16,5% 5,2% 3,6% Others 3,6% Others 7,9% 5

Democratization* Democratization Results: Law 226 of 1995 (First and second phase) Management Agreement • District of Bogotá received COP$1.963.020 SDH-EEB million Organize and manage the • This amount represents 10,6% of GEB’s Democratization* process common shares February 2017 20/12/2017 7 1 6 4 5 0 2 3 City Government Council First Phase Operation District of Bogotá has Completion and authorization to sell the endorses the Solidarity Sector Closure remaining 9,4%. The Disposal Program Dec. 26th – Feb 26th,2018 operation should be July 31st, 2018 and sets minimum price Offer Notice of Roadshow considered by the next December 20th, 2017 Offer Period local government Due Diligence, Valuation Issuance of Second Phase and Structuring Process, Democratization General Public February 2017 - Decree 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 3 Stable and Predictable Cashflow Generation 4 A Sustainable Company with Track Record of Value Creation 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 utilities, classified in three strategic business groups: Distribution Transportation & Transmission Generation Power Natural Gas Power Natural Gas Power Distribution Distribution Transmission Transportation Generation 3.500 MW in Installed Capacity 3,8 mm clients in Power Distribution 13.841 km of Transmission Lines 16.823 GWh in Power Generation 3,1 mm clients in Natural Gas Distribution 4.288 km of Gas Pipelines USD$396,5 mm USD$1.354 mm USD$894 mm USD$441 mm USD$576 mm COP$19.464.095 mm / USD$5,8bn CAPEX 2018 Revenue EBITDA Operational Income Net Income Market Cap. 2018 2018 2018 2018 May 31, 2019 Dividend Approved 2018 +11,6% +7,5% +17,9% +13,4% 6,1% COP$1.193.533 mm 2017 – 2018 2017 – 2018 2017 – 2018 2017 – 2018 Dividend Yield COP$130 per share (+13%) May 31, 2019 9

Proven Ability to Integrate, Develop and Operate Diversified Energy Businesses Vista panorámica Bogotá Colaboradores en Gasoducto Padua Páneles solares GEB Transmission Generation Distribution & Transport * * * * *Not controlled Companies * 10 10 *Not controlled Companies *Not controlled Companies

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 Natural Gas # 1 Colombia (5) Transportation Colombia Power Transmission # 1 Guatemala (1) Market Share 54,0% (5) (Private Company) Guatemala % National 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; 11 (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; (9) Projection, based on the average growth of Users connected quarterly