Corporate Presentation December 2019
Agenda Overview ISA Group 1 Overview ISA Group in Perú 2 Operating Indicators ISA Perú 3 Financial Results ISA Perú 4 Q&A 5 2
Overview ISA Group 43 3 3,880 Presence in Central America EPR Business Companies and Employees 7 countries Interconexion Electrica Colombia – Panama Line afiliates REDCA Brazil (1) ISA CTEEP IENNE IEMG IE SUL Colombia ISA IE PINHEIROS In Operation: 46,374 km of circuit and ISAIntercolombia IE MADEIRA SERRA DO JAPI ISA Transelca 92,600 MVA Internexa IE GARANHUNS ATP EVRECY CCRC XM IE PARAGUAÇU Sistemas Inteligentes en Red IE AIMORÉS Under construction: 5,618 km of circuit Derivex IE ITAÚNAS IE TIBAGI INTERVIAL Colombia and 14,312 MVA IE AGUAPEÍ IE ITAQUERÊ IE ITAPURA IE BIGUAÇÚ IE IVAÍ Peru ISA REP TAESA 907km of road infrastructure in operation ISA Transmantaro Internexa ISA Perú ISA Capital do Brasil Proyectos de infraestructura del Perú Internexa Participacoes Internexa ISA Investimentos e Participacoes Argentina Internexa 54,034km of fiber optics in operation Bolivia ISA Bolivia Chile (2) ISA Interchile ISA Intervial Ruta del Maipo Ruta del Maule Ruta del Bosque Ruta de laAraucania Ruta del los Rios Matriz de grupo empresarial Ruta del Loa Transporte de Energía Eléctrica Internexa Sustainable Tecnologías de información y telecomunicaciones ATP Concesiones Viales Operation ISA Inversiones Chile Gestión de sistemas de tiempo real ISA Inversiones Maulle ISA Inversiones Tolten Vehículos de inversión Expanded footprint across Latin America, with a combination of fast-growing countries and core markets 3
Growth with sustainable value creation 4
Energy Transmission Business MARKET SHARE INCOME Average of concessions 25 years. • Colombia Perú Brasil Chile In Colombia and Chile, concessions are • perpetual. 70% 70% 20% 14% Largest high-voltage electricity transmission • network in Latin America USD 9.600 millions In operation Investment target 2030 46.374 km and 92.600 MVA 99,99% * 63.079 km and 109.164 MVA incluyendo inversiones con control Reliability conjunto. *Equivalent to one and In construction half turns to Planet Earth 5.618 km and Transmission lines in operation 14.312 MVA Shared control transmission lines 5
ISA’S LEGACY FOR FUTURE GENERATIONS Conexión Jaguar, ISA’s sustainable program, was elaborated in colaboration with it’s technical allies , “Polo Sur” and “Panthera”, in order to contribute with: Biodiversity conservation • Climate change mitigation • Conectivity of jaguars ’ natural habitat in Latin America. • Development of rural communities. • The program provides technical and economic support for the best rural initiatives to exchange certified carbon credits with the highest standards worldwide to finance conservation. It contributes to obtain climate change objectives of the country, in accordance with international agreements. Objetives for 2030 20 International projects Reduction of 9,000,000* of tCO2 400,000** of the jaguar corridor Promote the development of internacionalmente certificated through conservation actions rural communities in the area Depending on the type of the in Latin America project of influence of projects. **Conservation projects REDD + 6
Agenda Overview ISA Group 1 Overview ISA Group in Perú 2 Operating Indicators ISA Perú 3 Financial Results ISA Perú 4 Q&A 5 7
Overview Energy Transmission Business Description Shareholding structure • ISA Perú was established in 2001 by granting T.L. Oroya-Carhuamayo- Paragsha-Vizcarra and Aguaytía-Pucallpa 138 kV. It hold 1 concession with the Peruvian govermment and 3 extensions. ✓ ✓ Lines length: 64,774 km Lines length: 13,729 km Transformation capacity of ISA Perú: 350 MVA ✓ ✓ Ratings: Baa2/BBB-/BBB+ Ratings: NR/BBB-/BBB ISA: 30% ISA: 55% ISA: 60% Transelca: 45% Transelca: 30% GEB: 40% GEB: 40% Market share of ISA Group in Peru (1) Concessions and contracts won. Includes the project “500KV Mantaro-Nueva Yanango-Caarapongo y Subestación asociadas ” and “500 Kv Nueva Yanango-Nueva Huánuco y Subestacuón asociadas ”. (2) Operating Substations (3) Source: COES – Market Share 2019 8
Overview Principal Executives Top Executive Board Car arlos Mar ario Car aro Sán Sánchez Cés ésar Aug Augusto Ram Ramírez Rojas ojas ◼ Vice-president of energy transport of Interconexión Eléctrica S.A. E.S.P General Manager Chairman of the Board ◼ He is an Electrical Engineer from Universidad Nacional de Colombia, a specialist in Quality Management from Universidad EAFIT and Master of Science in Operational Research from University of Strathclyde, Scotland, ◼ General Manager of ISA Perú since February 2012 UK. ◼ President of the Electric Sector of the National Society of Mining, Oil and Energy in Peru (SNMPE). Consultative Director of the UTEC, Vice President of the Regional Gui uido Nul ule Am Amín ◼ General Manager of Transelca from september 1998 Energy Integration Commission (CIER - PECIER) and Director ◼ He has pursued Economics at Universidad del Atlántico (Barranquilla) and Director of ANCHAM. He is also a member of the board of post graduate studies in Banking at the American University U.S.A). directors of CONFIEP, L + 1 and of the board of directors and the executive committee of SNMPE. He also participates as President of the Directory of Proyectos de Cam amilo Zea ea Goméz ◼ CEO of PRONUS Infraestructura (PDI) and has been President of the Director ◼ He is an economist graduated from Universidad de los Andes and holding Colombian Business Council (CEC). an MBA in Economic development from Universidad de los Andes, MBA in ◼ Electrical Engineer from the National University of Public Administration and International Development from Harvard Colombia and Master in Integral Logistics from the University. Universidad Pontificia Comillas de Madrid. 9
ISA Perú Evolution Assets: USD55MM Extension 3 The transmission capacity of the T.L.138 kV Aguaytía – Pucallpa Hoy ISA Perú is established the Peruvian government awards Extension 1 the L.T. Oroya- Carhuamayo- The transmission Paragsha-Derivación capacity of the T.L. Antamina y Aguaytía- 220 Kv 2016 Pucallpa 138 Kv to ISA Pachachaca-Oroya Nueva from 152 2014 MVA to 250 MVA. The assets was 2014 USD22MM Extension 2 2013 The transmission 2001 capacity of the 220 KV Paragsha-Vizcarra ISA and Transelca from 152 MVA to 250 become shareholders MVA of ISA Perú 10
Agenda Overview ISA Group 1 Overview ISA Group in Perú 2 Operating Indicators ISA Perú 3 Financial Results ISA Perú 4 Q&A 5 11
Operating Indicators ISA Perú Electroperu 18% Kallpa Others Generación 30% Main Clients 16% ✓ Electricity Generators Companies LDS ✓ Mining Companies 4% Enel Distribución 5% Enel Perú Engie 14% 13% 99.8% 99.9% 99.9% 99.8% 99.5% 393 393 393 393 393 Availability (%) Line length (Km) 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 12
Agenda Overview ISA Group 1 Overview ISA Group in Perú 2 Operating Indicators ISA Perú 3 Financial Results ISA Perú 4 Q&A 5 13
Financial Results ISA Perú Revenues and EBITDA $18.3 $17.1 $15.7 Balance Sheet 33 $13.9 36 $12.2 Revenues 26 19 60 55 2018 2019 Assets Liabilities Equity 2015 2016 2017 2018 2019 89.3% 87.8% 86.8% 86.1% 85.9% 29 29 16 15 23 14 EBITDA 12 10 Debt 16 11 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 Adjusted EBITDA Margin (%) 14
Financial Results ISA Perú Debt 20 Interbank US$25MM Scotiabank US$4MM 15 Amortization Interbank US$25MM Amortization Scotiabank US$4MM Total Debt 10 Debt Profile Millions US$ 5 - -5 -10 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 25.5x 29 29 17.6x 23 16.1x Debt 16 10.6x Ratios 8.8x 11 2.4x 2.1x 1.5x 1.0x 1.0x 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 Debt/Adjusted EBITDA Adjusted EBITDA/Financial Expenses 15
Agenda Overview ISA Group 1 Overview ISA Group in Perú 2 Operating Indicators ISA Perú 3 Financial Results ISA Perú 4 Q&A 5 16
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