GEB Earnings Results 2017 April 03/2018 1 Disclaimer The - PowerPoint PPT Presentation

GEB Earnings Results 2017 April 03/2018 1

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

01 GEB Overview 02 Key Updates 2017 03 Expansion Projects 04 Financial Performance 2017 05 Q&A 3

01 GEB Overview 4

01 GEB at a Glance Regional Leader in the Energy Sector GEB is a leading energy company in LatAm, composed by a diversified portfolio of Power and Natural Gas companies, classified in three strategic business lines: Power Natural Gas Natural Gas Power Power Distribution Distribution Transportation Generation Transmission 3,493 MW in Installed Capacity 12,500 km of Transmission Lines 3.5 mm clients in Power Distribution 14,835 GWh in Power Generation 4,200 km of Gas Pipelines 2.7 mm clients in Natural Gas Distribution US$ 1.1bn US$ 823mm US$ 6.5bn ~US$ 378 mm Consolidated Revenues Consolidated Adj. EBITDA Market Cap. CAPEX 2017 2017 2017 February 28, 2018 14.1% 8.4% BBB / BBB- / Baa2 4.7% CAGR CAGR Fitch / S&P / Moody’s Dividend Yield 2013 – 2017 2013 – 2017 Corporate Investment Grade Avg. 2011 – 2018 Credit Rating 5

Leading Participant in Relevant Latin America 01 Energy Markets Leader in the relevant energy markets of Latin America, with a diversified business portfolio in countries with solid macroeconomic fundamentals and stable regulatory frameworks Colombia Guatemala # 1 Colombia (8) Natural Gas Colombia Power Transmission # 1 Guatemala (1) Transportation Market Share (12) 53.1% (8) Market Share (Private Company) 19.9% (1) % National Network (km) Guatemala % Revenues NTS Transmission Network (10) 400 km Power Distribution # 1 Colombia (4) Peru Market Share 23.0% (4) % Subscriptions Clients 3.5mm (10) Peru Power Transmission # 1 Peru (2) Market Share 63.6% (2) Power Transmission # 2 Colombia (5) % Revenues NTS Trans. Network (14) ~10,460 km Market Share 15.2% (5) % Revenues NTS Natural Gas Dist. / # 1 Peru (3) Trans. Network 1,500 km (10) Transp. Market Share Brazil 80.0% (3) % Distributed Volume Power Generation #1 Colombia (6) Clients (11) 580K Market Share 22.2% (6) % Power Generated Brazil Generation ‘17 14,835 GWh (13) Power Transmission Natural Gas Distribution # 1 Colombia (7) Market Share Market Share 0.9% (9) 32.7% (7) % Network NTS (km) % Connected Users Transmission Network 1,100 km (10) 2.1mm (10) Clients Source: GEB. Notes: (1) AMM, November 2017 (http://www.amm.org.gt//ite.php?fecha=09-2017&anio=2017); (2) COES, September 2017 (http://www.coes.org.pe/portal/); (3) Perupetro, September 2017 (http://www.minem.gob.pe/_estadisticaSector.php?idSector=5); (4) SSPD, December 2017 (http://reportes.sui.gov.co/fabricaReportes/frameSet.jsp?idreporte=ele_com_094); (5) XM, December 2017P (http://www.xm.com.co); (6) XM, December 2017 (http://www.xm.com.co); (7) Minminas, September 2017 (Natural Gas Coverage Report as of 3Q 6 2017); (8) Market share of TGI as of December 2016 (Promigas – Natural Gas Sector Report 2017) and excluding Promigas; (9) MME/ANEEL/ONS, September 2017 (http://www.mme.gov.br/web/guest/secretarias/energia-eletrica/publicacoes/boletim-de-monitoramento-do- sistema-eletrico/boletins-2017 ); (10) GEB corporate presentation; (11) GEB 3Q17 earnings release pages 8 and page 10; (12) In process of divestment under Law 226/95; (13) XM, December 2017 (http://www.xm.com.co) (14) 3Q17 ISA REP-CTM corporate presentation page 3.

02 Key Updates 2017 7

Key Updates 4Q 2017 – GEB 02 Highest Dividends in History (1)  The Ministry of Finance and Public Credit through Resolution No. 3152 of 2017 authorized GEB to execute an external inter- company borrowing with EEB Peru Holdings Ltd., a subsidiary of the Group, up to an amount of USD 100.000.000. The disbursement of these resources hasn’t yet been made.  Fitch Affirmed local GEB's Ratings in ‘AAA(col)’ ; Stable Outlook.  On October 20, the Program for the Disposal of the 0.31% Equity Interest that GEB, formerly Empresa de Energia de Bogota, has in Ecopetrol was finalized, thus completing the total placement of the shares.  On October, Standard & Poor's ratified the credit rating of GEB in the investment grade and maintained the "stable" outlook. (Issuer corporate investment grade)  The amendment to the corporate name from Empresa de Energía de Bogotá S.A. ESP, to GRUPO ENERGÍA BOGOTÁ S.A. ESP., was registered before the Chamber of Commerce, thus, consolidating as a Business Group.  On October 31, the second payment of dividends of 50% was made this year. A total of $99/share was paid.  On November 15, GEB carried out the issuance and placement of the second tranch of Internal Public Debt Bonds for COP 650,000 million, with maturity at 7, 15 and 30 years. Completing the authorized program of USD 450 mm..  In December, the process for the award of the program for the disposal of the shares that GEB has in ISA was completed, in an amount of COP$ 258,598 million corresponding to 100% of the offered package. (1) Normalized Dividends 8

Key Updates 4Q 2017 – GEB 02 Highest Dividends in History (1)  On December 20, the program for the Disposal of 20% of the Capital District's 20% stake in Grupo Energia Bogota corresponding to 1.836.235.403 shares, was approved.  On December 21, GEB announced the total repurchase of the EEB 2021 bond which was executed on January 23, 2018 for a total amount of US$749.000.000 of the international bond issued under RegS/144ª and registered at the Luxembourg Stock Exchange with maturity in 2021, through the execution of an external credit agreement for the same amount, in which Bank of America N.A. acts as administrative agent with leading banks Citigroup Global Markets INC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and finally Sumitomo Mitsui Banking Corporation.  On December 22, as part of the program for the disposal of 20% of the shares in GEB (Decree 706 of 2017), the Rules for the Disposal of the Fist Stage are published, which includes the Shareholder's Agreement Offer.  On January, 2018, GEB hired Alvaro Villasante as Vice-President of Low Emission Generation and Andres Baracaldo Sarmiento as Vice-President of Urban Energy Solutions.  UPME awarded to Grupo Energia Bogota the construction of the Colectora 500 kV Project and the Transmission Lines Colectora – Cuestecitas y Cuestecitas – La Loma 500 kV, a project that will drive the development of non-conventional sources of renewable energies.  This past March 22, 2018, the General Shareholders Meeting of GEB approved the project for the distribution of net income, pursuant to which the project for the distribution of net income was approved for an dividend value of $115/share in two payments, one in June and one in October 2018. (1) Normalized Dividends 9