May 2018 El Dorado International Airport. Aeropuerto Internacional El Dorado El Dorado
ABOUT ODINSA We are a Colombian concession company that belongs to Grupo Argos, dedicated to the structuring, promotion, management and development of roadway and airport infrastructure projects, having a presence in Colombia, Ecuador, Aruba and Dominican Republic, which has become a vehicle for regional connectivity and a source of development. COMPANY OF GRUPO ARGOS ROBUST AND DIVERSIFIED LEADER IN ROADWAY AND FINANCIAL STRENGTH PORTFOLIO OF ASSETS AND AIRPORTS CONCESSIONS IN TO MANAGE PROJECTS COLOMBIA 1 RISKS AND TO GROW • Balance, support and • Structural position of the • Privileged position to benefit • Revenue amounted to COP standards of corporate industry in Colombia and from the potential growth of 813 thousand million as of governance. timely stake in profitable the infrastructure sector. December 2017. We are Grupo Argos’ mid - assets abroad. Counter-cyclical industry and EBITDA margin of 63.38% as • • • term growth commitment. • Proper mix of mature assets promoter of economic of December 2017. and projects that provide growth, with institutional • Net leverage 2 : 2.99x as of stability. structure and state support. December 2017. • Assets majority stakes. 1 Revista Dinero (Colombian Economic Journal), July 2017, leader in profits in the concessions sector. 2 Net leverage = net debt/EBITDA
HIGHWAYS AND AIRPORTS ROBUST PORTFOLIO ROADWAY CONCESSIONS AIRPORT CONCESSIONS Odinsa Grupo Argos Other
OUR CONCESSIONS Boulev ulevard Turístico ístico del el Atlántico ntico Mall lla Vial l del l Met eta Autopis opistas del l Café Conex exión ión Pacíf ífic ico 2 Dominican Republic Colombia Colombia Colombia Green een Corrid idor Autopis opistas del l Nordes este Aeropuert opuerto Inter erna nacion cional El Dorado Aeropuert opuerto Inter erna nacion cional Marisc iscal l Sucre Aruba Dominican Republic Colombia Ecuador 3 3 2 Roadway concessions in operation Concessions under construction Airport concessions Non-controlling interests in Mariscal Sucre (Quito) and El Dorado (Bogota) airports.
FINANCIAL STRENGTH - Change (Margin) Costs sts, expen enses ses, Income ome Operat ating ing profit Controlling trolling net Ebitda tda Net margin and other er income come income ome
HIGH STANDARDS OF CORPORATE GOVERNANCE CODES ✓ Code of Good Governance Annual statement of ✓ Code of Business Conduct. potential sources of conflicts of interest POLICIES ✓ Fraud, bribery and corruption risk management policy ✓ Self-regulation and money laundering and financing of CORPORATE terrorism risk management policy GOVERNANCE Transparency Code of ✓ Policy for relations between related companies line Conduct ✓ Data protection policy ✓ Gifts and tokens of appreciation policy COMMUNICATION CHANNELS Code of Good Governance ✓ Transparency line ✓ Annual statement of potential sources of conflict of interest
GOOD SUSTAINABILITY PRACTICES We aim at generating shared value for our stakeholders, responsibly managing our impacts, fostering development, competitiveness and people’s connection; and managing risks and building on opportunities for the business. Busines iness and social cial Opinion ion-ma makers: ass ssoci ociation ons Employe oyees: es: Media /Opinion leaders Unions / companies Odinsa and Authoriti ties es / Academia from the sector / Concessionaires Associations / NGO Investo estors: Long-term funders / Banking Supp ppliers ers Communiti ties es Users rs / Financial sector Highlights of 2017 management • Measurement of the carbon and water footprints in Odinsa and its concessions • We conducted materiality analysis, giving priority to economic, environmental and social issues in which we must work with greater focus. • We structured our sustainability plan for the 2017-2019 period.
HIGHLY QUALIFIED AND COMMITTED TALENT Collaborative work as the main source of knowledge strengthening. Innovation as differentiator to leave an imprint wherever we have operations. Leadership that inspires and motivates people to achieve the major business challenges and to experience values.
ROBUST AND DIVERSIFIED PORTFOLIO OF ASSETS Autopistas del Café
Roadway concession in operation: Autopistas del Café First generation concession, with a rating of 4.59 in a 5-scale in the evaluation of the status index of roads given on concession. Relevant Figures General information Total Traffic ✓ Concession with guaranteed minimum income. Thousands of Vehicles ✓ Beginning and end of activities: January 1999 to January 2027. 12,770 12,544 ✓ Road corridor of 270.2 km. 12,147 11,328 10,580 ✓ 7 toll stations, 3 customer care centers, 1 operational control center 9,777 and 1 weighing station. ✓ The project currently has no long-term debt. Project location 2012 2013 2014 2015 2016 2017 EBITDA Million of COP 80,351 62,491 46,788 2015 2016 2017
Roadway concession under construction: Conexión Pacífico 2 During 2017, the first disbursement of the structured funding was achieved under the "project finance” mode. Currently, the w ork progress is close to 30%. The estimated date for the commissioning of all UF is October 10 of 2020. Relevant Figures General information ✓ 98Km; Construction: La Pintada - Bolombolo (44 km) and maintenance: La Total Traffic Thousands of Vehicles Pintada - Primavera (54 km). ✓ PPP of public initiative(4G - with forecast budgets and collecting rights). 2,489 2,276 ✓ Contractual milestones: (i) Awarded May 22, 2014; (ii) Certificate of 2,222 commencement: November 11, 2014. ✓ 100% of environmental licenses approved, certificate of non-presence of communities, 30% of the project execution. ✓ Financial closure was completed and the first disbursement of the senior debt was carried out in 2017. 2015 2016 2017 EBITDA Project location Million of COP 27,684 9,677 307 2015 2016 2017
Roadway concession under construction: Malla Vial del Meta The project has not begun yet because of substantial changes in the traffic forecast. The arbitration court with ANI is under way, which is expected to be solved in the third quarter of 2018. General information Relevant Figures Total Traffic ✓ PPP of Private Initiative (without government resources). Thousands of Vehicles ✓ Awarding April 9 2015, signing of the contract: May 5 and the 6,750 certificate of commencement on June 9, 2015. 6,570 ✓ Subject of the Contract: (i) Granada corridor - Villavicencio - Puerto 4,240 López - Puerto Gaitán - Arimena Bridge. ii) Ring Road of Villavicencio and accesses to the city - Meta Road Network. ✓ 354 km, 6 toll stations (5 existing toll stations, plus a new one). ✓ Financial closure is scheduled for January 2019. 2015* 2016 2017 Project location EBITDA Million of COP 4,154 1,665 (1,782) 2015 2016 2017 * Only 7 months are taken into account, since the concession starts in June 2015
Roadway concession in operation: Autopistas del Nordeste ADN is a roadway concession located in the Dominican Republic that is currently in operation and maintenance phase. The scope of the contract is design, financing, construction, operation and maintenance for a term of 33 years. Relevant Figures General information Total Traffic ✓ Contract Law, approved by the Legislative Chambers and ratified by the Thousands of Vehicles President. 3,906 3,754 ✓ Guaranteed minimum income. 3,515 ✓ Awarded on July 18, 2001. The works were completed on June 30, 2008. 2,959 2,754 Concession will end in 2041. ✓ Contract to 30 years of operation, 107 km, 3 tolls. ✓ Financed through issuing bonds for USD162 million, under Regulation 144-A of the US. The debt balance is USD147 million and ends in April of 2024. 2013 2014 2015 2016 2017 EBITDA Project location Million USD 49 26 25 2015 2016 2017
Roadway concession in operation: Boulevard Turístico del Atlántico BTA is a roadway concession in the Dominican Republic that is in operation and maintenance phase. It was awarded in 2001, with second stage in 2009, and works were completed in 2011. Relevant Figures General information Total Traffic ✓ The investment value of the project was USD180 million. Thousands of Vehicles ✓ The road has 123.51 km, of which 104.81 km correspond to 1,375 rehabilitation and 18.7 km to construction. 1,355 1,349 1,272 ✓ Guaranteed minimum income. 1,113 ✓ Financial closure with multilateral entities by USD151.1 million to 15 years. ✓ The current debt of the project is USD112.8 million and ends in November 2024. 2013 2014 2015 2016 2017 Project location EBITDA Million USD 29 29 24 2015 2016 2017
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