Corporate Presentation July 2020 1
Disclaimer This presentation may contain statements that are forward-looking The information provided herein is for informational and illustrative 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 21E investment or financial advice on any subject. This presentation does not of the U.S. Securities Exchange Act of 1934. Such forward-looking purport to address any specific investment objectives, financial situation statements are based on current expectations, projections and or particular needs of any recipient. It should not be regarded by assumptions about future events and trends that may affect GEB and are not guarantees of future performance. recipients as a substitute for the exercise of their own judgment. This information does not constitute an offer of any sort and is subject to The shares have not been and will not be registered under the U.S. change without notice. GEB 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 GEB expressly disclaims any responsibility for actions taken or not taken in the United States only to qualified institutional buyers as defined under Rule 144A under the Securities Act, and outside the United States based on this information. GEB does not accept any responsibility for losses that might result from the execution of the proposals or in accordance with Regulation S of the Securities Act. recommendations presented. GEB is not responsible for any content that may originate with third parties. GEB may have provided, or might We converted some amounts from Colombian pesos into U.S. dollars solely for the convenience of the reader at the TRM published by the provide in the future, information that is inconsistent with the SFC as of each period. These convenience translations are not in information herein presented. No representation or warranty, either accordance with U.S. GAAP and have not been audited. These express or implied, is provided in relation to the accuracy, completeness translations should not be construed as a representation that the or reliability of the information contained herein. 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 GEB reports change in Acquisition More than 120 years of sustainable organic and inorganic growth, record of success its shareholding structure after democratization Acquisition Creation of Acquisition of Merger & assets and between TGI Acquisition Int’l Bond Issue agreements of & Transcogas USD$400 mm Empresa de Energía through a Ecogas through de Bogotá (“EEB”) is capitalization and TGI founded to transformation 1 st Tranche Local 51,0 generate, transmit process within EEB Bond Issue Int’l Bond Issue % and distribute COP$950.000 mm USD$750 mm electricity in Bogotá 2016 1959 1996 2002 2007 2008 2010 2011 2012 2013 2018 2019 2020 1896 1997 2006 2009 2015 2017 Int’l Bond Issue The District USD$749 mm of Bogotá • Codensa absorbs EEC acquires • New Corporate Strategy 100% of the company Concession IPO granted EEB • Approved sale of up to a 20,0% stake of major shareholder EEB is transformed from a Acquisition of Int’l Bond Issue • Other minor stake divestitures state-owned entity into a USD$320 mm stock corporation organized as a public utilities company Foundation and Transformation Diversification Growth and Consolidation New Corporate Strategy 4 Recurrent issuer in the local and international capital markets
Shareholding Structure Shareholders as of January 31, 2018 Shareholders as of June 30, 2020 Number of shares outstanding: Number of shares outstanding: 9.181.177.017 9.181.177.017 Total shareholders: Total shareholders : 3.688 5.600 65,7% 76,3% Pension Pension Funds Funds 21,0% 16,5% 3,6% 5,2% OTHER OTHER 3,6% 8,1% 5 Source: Deceval’s Report June 30, 2020
Investment Highlights Section 2 6
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 7
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 and Transmission Generation Power Power Natural Gas Natural Gas Power Distribution Transmission Distribution Transportation Generation 3.544 MW in Installed Capacity 4,1 mm of clients in Power Distribution 14.006 km of Transmission Lines 3.548 GWh in Power Generation (YTD) 3,4 mm customers in Natural Gas Distribution 4.288 km of Gas Pipelines Approved Dividend on Net Income (1) Revenue EBITDA CAPEX & Acquisitions (2) Operating Income 2019 Income COP$1.285.365 mm Mar-2020 Mar-2020 Mar-2020 Mar-2020 Mar-2020 COP$140 per share (+8%) USD$391 mm COP$1.321.792 mm COP$1.767.587 mm COP$638.138 mm COP$428.977 mm 6,0% 458,6% YoY 25,7% YoY 25,3% YoY 13,3% YoY 38,6% YoY Dividend Yield (3) Stock Market Capitalization 2019 2019 2019 2019 2019 COP$21.438.048 mm COP$4.887.194 mm COP$3.123.978 mm COP$1.845.859 mm USD$630 mm COP$1.395.004 mm USD$5,7 bn 58,7% YoY 22,1% YoY 18,2% YoY 5,6% YoY 13,3% YoY June 30, 2020 (1) Net Income – Controlling interest (2) Includes only controlled companies. Mar-2020: Argo USD$330 mm. 2019: Grupo Dunas USD$260 mm 8 (3) Calculated based on the closing share price as of June 30, 2020
Proven Ability to Integrate, Develop and Operate Diversified Energy Businesses Distribution Transportation & Transmission Generation * * * * * 9 *Non-controlled company
Leading Participant in Relevant in LatAm Energy Markets GEB’s subsidiaries and affiliates have market leading participations across the energy chain in Colombia, Peru and Guatemala Guatemala Colombia Power Transmission # 1 Guatemala (1) # 1 Colombia (5) Natural Gas Transportation (Private Company) Colombia Market Share 20,8% (1) Market Share % Revenue NTS 54,0% (5) % Nat’l Network (km) Guatemala Peru Power Distribution # 1 Colombia (6) Power Transmission # 1 Peru (2) Market Share 23,9% (6) % Subscriptions Market Share 67,9% (2) Peru % Revenue NTS Power Transmission # 2 Colombia (7) Natural Gas Distribution # 1 Peru (3) Market Share Market Share 21,8% (7) 75,5% (3) % Revenue NTS % Distributed Volume Brazil Power Dist. / Generation Power Generation # 1 Colombia (8) Market Share 3,23% (3) % Distributed Volume Market Share 20,1% (8) % Installed Capacity Brazil Power Transmission Natural Gas Distribution (4) # 2 Colombia (9) Market Share 1,64% (4) Market Share % Network NTS (km) 32,1% (9) % Connected Users Source: (1) https://www.amm.org.gt/portal/?page_id=146; (2) http://www.coes.org.pe/portal/;(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; (5) http://coinotel.com/beo/manualtransportador.pdf;https://www.progasur.com.co/gasoductos.php?Men=3;http://www.promioriente.com/Es/BEO/Paginas/ProcedimientosOperacionales/Mapa-del- gasoducto.aspx;http://www.transmetano.co/Es/BEO/Paginas/ProcedimientosOperacionales/Mapadelasoducto.aspx;https://beo.tgi.com.co/Blog/Gasoductos;;;http://www.promigas.com/Es/BEO/Paginas/ProcedimientosOperacionales/Mapa-del-gasoducto.aspx;http://www.transoccidente.com.co/Es/BEO/Paginas/Manual- 10 Transportador/Mapa-del-Gasoducto.aspx(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) Proyección basada en el crecimiento promedio de usuarios conectados trimestralmente,(10) https://www.osinergmin.gob.pe/seccion/institucional/regulacion-tarifaria/publicaciones/regulacion-tarifaria
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