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The ele The lectr ctricit icity y co comp mpan any y of of Gr Grup upo o Ar Argos os that at of offe fers rs an an in innov ovativ ative e energy rgy portfolio po folio to o ci cities ies, bu busin iness esses es an and hom omes. es. COP 130 0 per share re annual al divide dend nd - 7,6% % CAGR R 5y Cement Energy Ports Roads & Airports 3,21% Current Dividend Yield SHAREH EHOLDER LDER STRUCT UCTURE URE Other; 16% HISTORIC IC PRICE 120,000 Grupo Argos; 53% Celsia 100,000 Foreign Funds; 4% Colcap Volume (COP Mill.) 80,000 COP 3,3 Trill. 60,000 Market Cap 40,000 20,000 Pension Funds; 28% - ene.-07 ene.-08 dic.-08 dic.-09 dic.-10 dic.-11 dic.-12 dic.-13 dic.-14 dic.-15 dic.-16 47 % Market float
Ce Cels lsia ia – at at a a gla lance ce Col olombia ombia Pa Pana nama ma More than 593 93.0 .000 00 Cos osta ta Ri Rica ca Cli lient nts 27 FACILITIES (22 27 22 Renewables ) Regulated and non- INSTALLED regulated in Colombia CAPACIT ITY +1 +1.60 600 2. 2.387 387 Employ loyees ees 76% Hydro 20% Thermal 4% Wind In Colombia & CA MW output output output 52% Renewable 79 79 SUBSTAT REVENU ENUES ES ANNUA NUAL L POWE WER GENE NERATI RATION ON ATIONS IONS 1Q17 7.125 7. G 20.2 .230 30 274 274 Transmission Distribution grid grid Km Km T+D+C GWh
Su Subs bsta tanti ntial al exp xpertise rtise in in elec lectri tric ut util ilitie ities ma manag agement ement Leading ding electrici ctricity ty genera neration tion co compan mpany 4th h in Colombia lombia – Vertic tically ally inte tegrate grated 2nd d in Panama ama So Solid id asset set ba base well – diver iversifi ified ed by by geography graphy, , bu business ness type and nd fue uel sour urce ce Deve De velopm lopment ent of rene newa wable ble ene nergy gy sour urces ces St Stead ady ca cash h flows ows that co cont ntrib ribute ute to to reve venue nue stab ability ility and nd predict dictabilit ability Best st in n operat rational ional me metric rics
Pr Proj ojects cts un under study udy & & devel velopment opment SOLAR R FARMS 2017 17 - 2019 19 +200 +2 00 MW MW (+140 MW pipeline projects) Cels Ce lsia ia So Sola lar Yu Yumb mbo, , 9,9 MW MW 200 MW prevent the emission of approximately 115,000 tons 2017 | Our ur fir irst st solar lar farm rm of CO2 per year Norte Caracolí Cuestecitas Manzanillo Nueva Montería Valledupar T&D &D exp xpan ansion sion Plan an 5 Ca Caribe ibe Porven enir ir II II hydro | 2023 |352 MW 2018 2018 San Andrés és hydro | 2021 |20 MW
Cl Clie ient nt ce centric ic cu cult lture ure GREA EATER ER VAL ALUE UE FOR CLIE IENTS TS Efficient ficient & & susta stainable inable business iness models TRA RANSFORM SFORM CLIENT ENT EXPERIENC RIENCE MODE DERN RNIZE E OUR R GENERAT ERATE E POWER PO WER GRI RID CLEANER NER ENERGY RGY convenience, control meet lower-carbon & choice in energy reliable & flexible to expectations & diversify usage support DER energy sources
Bus usin iness ess un unit its TRA RADI DITIONAL IONAL ASS SSET MANAGEMENT AGEMENT Generation, transmission, distribution & retail sales SMART SM RT CITIES IES New urban developments Shopping centers COMPANI MPANIES ES Commercial & industrial businesses RESID IDENT ENTIA IAL Well – informed families Smarter & more connected homes Busin Bu ines ess opportu tuniti nities es Dev evel elopin oping organiz izationa ional skil ills ls
Develop De eloping ing our our po portfolio folio Cogeneration Efficient lightning Electric asset management District cooling Solar PV system & CHP Ea Early ly Solar farms stage ge Backup power 4 Venture tures Traditional model Em Emerg erging ing 3 busines ness Core e busines ness 2 1
Ma Maki king ng sma mart rt ci citi ties es a re a real ality ity Expandin panding ene nergy gy ecosys cosystems tems Develo veloping ping an an emb mbed edded ded utility lity co comp mpany any Ener ergy ef effic icie iency ncy Designing signing a a sma mart Sustai aina nable ble ci city from om scr cratch atch flex exible ible consumpt mption ion Ener ergy in indep epen ende denc nce Site En Engineerin ineering Permitting itting Operation tion & & Insta stalla llation tion Final l Insp spec ection tion Inter terco conne nnecti ction on assessmen sment Mainte ntena nanc nce
Un Unlo lock cking ing val alue ue through ough cu customer omer engagement agement Solar farms ms Rooftop op solar PV 5 projects – 1 under construction in Non-regula egulated ted busine ness ss 97 clients Colombia & Panama +37 MW + 200 MW of installed capacity Mean annual Gx: 54 GWh Contract term: 20 to 25 yrs: Ba Backup up power er as a ser ervic ice 2 2 Dis istric ict cooli ling ng system em & CH CHP Non-regula egulated ted busine ness ss Non-regula egulated ted busine ness ss 28 plants High – potential target market in 19 companies the Caribean Coast Colom olombia bia ’s insolat olation ion av averages rages Cap apacity acity fac actor tor is is ~1.500 .500 hrs hrs per r annum m or or 5 kW 5 kWh / m2 / m2 pe per day mo more of of usab able le sol olar ar energy ergy per annum
In Innovation novation is s way ay more re th than an just st a a division… Technol nology ogy Business model’s In Intellig igence nce In Intellig igence nce Successful Technology Pilot Start-up business intelligence projects projects models DE DERs Sustaina inabl ble in innovati ation on Automa mation tion cultur ure e through the in involve lveme ment nt of of all Mobil ility ity tea eams ms Ener ergy y storage
Tak aking ing grea eat pr prid ide in in our our co corpo porate ate cu cult ltur ure We We are a e agil ile e & rel elia iable le We We dare to be e dif iffer eren ent We We en enjoy ma makin ing lif ife ea easie ier We We giv ive the bes est to grow together er De Developin eloping orga rganiz izational ational ski kill lls required quired for the busin ines ess transforma nsformation tion Attractin racting and retaining aining the best human n tale lent Impro provin ing employ loyees ees ’ qualit lity of li life
Di Digit gital al tr tran ansformation formation at at al all leve evels ls: fas ast & & furi riou ous NOVA: VA: Bran and d new w SCADA ADA WFM Custom stomer er APP Digit gital al ky kyos osk Inte ternal rnal services rvices APP SMD D / MD / MDM
Cels Ce lsia ia key key tak akeawa eaways ys Our cu cultur ture e is is ou our pr prior ority ity Custom stomer er centr ntric ic On On the pa path of of digit gital al transf ansforma ormation tion Ope perationa rational excellence cellence Fos oster tering ing innovation ovation Synergies nergies wi with
In Inve vest stor or Re Rela lations tions in inve versionis rsionistas@ tas@celsia celsia.com .com
Appendix
Consolid Co olidated ated fi financi cial results ults REVENUE ENUES (tn tn COP) P) +43% +43% +3% +9% +9% +18% +18% +9% +9% +2% +2% 3.8 .8 3.7 .7 2.6 .6 2.4 .4 2.0 .0 1.8 .8 2011 2012 2013 2014 2015 2016 EBITDA A (bn bn COP) P) +51% +51% +18% +18% +5% +5% +7% +7% +2% +2% -24% 24% 1,0 ,031 31 905 865 714 14 731 31 684 84 2011 2012 2013 2014 2015 2016 • ↑ Spot sales • ↑ thermal generation (+16%) • ↑ Spot sales • ↑ Spot prices (+56%) • ↑ Spot prices (+27%) (firm energy obligations) • Steady growth on firm energy obligations • ↑ Generation (+22%) • Good hydro levels in • + Panama and Costa Rica distribution revenues (+4%) • ↓ fuel and energy purchases • Good hydro levels in reservoirs • ↑ Diesel costs • 1S: Niña | 2S: drought reservoirs • Higher distribution costs • ↑ Cost of deviations • ↓ hydro generation • Higher distribution revenues (+9%) • Relevant contribution of (-21%) revenues (+9%) Central America’s assets
Key y me meas asures ures 2012 2012 2013 2013 2014 2014 2015 2015 2016 2016 Dividend (COP billion) 71.958 80.593 86.350 86.350 91.1 .196 96 Total dividend growth rate (%) 11,1% 12,0% 7,1% 0,0% 11,4% Dividend per share 100 112 120 120 130 130 Dividend per share growth rate (%) 11,1% 12,0% 7,1% 0,0% 8,3% Yield 1,87% 1,97% 2,04% 4,29% 3,2 ,21% Payout ratio 31,2% 21,6% 50,6% ND 292% CPI 2,44% 1,94% 3,66% 6,77% 5,75% Dividend / CPI 4,6x 6,2x 2,0x 0,0x 1,4x EBITDA (COP bn) 731 865 905 684 1.031 Net income (COP billion) 230,8 373,6 170,5 (137,0) 33,0 Shares outstanding (million) 719,6 719,6 719,6 719,6 740,0
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