Corporate Presentation October 2019 1 Disclaimer This - PowerPoint PPT Presentation

Corporate Presentation October 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 GEB reports change in its Acquisition of Creation of Int’l Bond Issuance for shareholding assets and & USD$749 mm structure after Empresa de Energía agreements of democratization de Bogotá (“EEB”) is Ecogas through through a founded to TGI Acquisition capitalization Acquisition generate, transmit Merger and of IPO and distribute between TGI transformation EEB electricity in Bogotá & Transcogas process within EEB 51,0% 2019 Acquisition EEB is transformed from a 2018 state-owned entity into a stock corporation 2016 - organized as a public Concession 2017 utilities company Granted 2015 • Codensa absorbs EEC 2013 • New Corporate Strategy The District 2012 of Bogotá 2011 acquires 2010 100% of the 2009 • Approved sale of up to a 2008 company 20.0% stake of major 2007 shareholder 2006 2002 • Other minor stake 1997 Int’l Bond 1996 divestitures 1959 1896 Issuance for USD$750 mm Int’l Bond Issuance for USD$320 mm 4 Recurrent issuer in the local and international capital markets

Shareholding Structure Shareholders as of January 31, 2018 Shareholders as of September 30, 2019 Number of shares outstanding: Number of shares outstanding: 9,181,177,017 9,181,177,017 Total shareholders : Total shareholders : 3.688 6.180 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) • 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 4 5 0 2 3 City Government Council First phase Operation completion District of Bogotá has endorses the Solidarity sector and closure authorization to sell the Disposal Program Dec. 26th – Feb 26th,2018 July 31st, 2018 remaining 9,4%. The 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 Proven Ability to Integrate, Develop and Operate Diversified Energy Businesses 1 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 utilities, classified in three strategic business groups: Transportation and Transmission Distribution Generation Power Power Natural Gas Natural Gas Power Distribution Transmission Distribution Transportation Generation 3.500 MW in Installed Capacity 3,8 mm of clients in Power Distribution 13.928 km of Transmission Lines 7.215 GWh in Power Generation (YTD) 3,2 mm customers in Natural Gas Distribution 4.288 km of Gas Pipelines Net Income (1) Dividends Approved on 2018 Revenue EBITDA Operating Income CAPEX Net Income COP$1.193.533 mm Jun-2019 Jun-2019 Jun-2019 Jun-2019 Jun-2019 COP$130 per share (+13%) COP$2.230.522 mm COP$1.947.172 mm COP$1.103.760 mm COP$850.562 mm USD$146,5 mm 5,9% 23,0% YoY 32,7% YoY 16,8% YoY 34,5% YoY Dividend Yield (2) Stock Market Capitalization 2018 2018 2018 2018 2018 COP$20.060.872 mm COP$4.001.754 mm COP$1.302.494 mm COP$2.643.537 mm COP$1.785.168 mm USD$396,5 mm USD$5,8 bn 11,8% YoY 18,2% YoY 7,7% YoY 13,8% YoY September 30 2019 9 (1) Net Income: Controlling Interest + Non Controlling Interest (2) Calculated based on the closing price of the share at September 30 2019

Proven Ability to Integrate, Develop and Operate Diversified Energy Businesses Distribution Transportation & Transmission Generation * * * * * 10 10 *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 (Private Company) 54,0% (5) % Nat’l Network (km) Guatemala Market Share 22,6% (1) % Revenue NTS Power Distribution # 1 Colombia (6) Peru Market Share 23,7% (6) % Subscriptions Power Transmission Peru # 1 Peru (2) Power Transmission Market Share # 2 Colombia (7) 67,3% (2) % Revenue NTS Market Share 19,8% (7) Natural Gas Dist. / Transp. % Revenue NTS # 1 Peru (3) Brazil Market Share Power Generation 77,3% (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 0,7% (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/, 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; 11 (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; (9) Projection, based on the average growth of Users connected quarterly.