corporate presentation vf 100114

Empresa de Energía de Bogotá - EEB

A Regional Leader in the Energy Sector

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 or financial advice

on any subject. This information does not constitute an offer of any sort and is

subject to change without notice.

EEB expressly disclaims any responsibility for actions taken or not taken based

on this information. EEB does not accept any responsibility for losses that

might result from the execution of the proposals or recommendations

presented. EEB is not responsible for any content that may originate with third

parties. EEB may have provided, or might provide in the future, information that

is inconsistent with the information herein presented.

Overview of Grupo Energía de Bogotá

Key facts

More than 100 years’ experience in the sector; founded in 1896.

Regional leader in the energy sector; major player in the entire electricity and natural gas value chains

(except E&P); operations in Colombia, Peru, and Guatemala.

Largest stockholder is the District of Bogota - 76.2%.

Stock listed on the Colombian Securities Exchange (BVC); EEB adheres to global standards of corporate

governance.

The EEB Group is one of the largest issuers of equity and debt in Colombia.

68.1%

25%

15.6%

Electricity

Transmission

40% 40%

1.8%

98.4%

Generation

51.5% *

2.5%

Distribution

51.5% *

16.2%

51%

82%

Distribution Transportation

Natural Gas

75%

60%

100%

*EEB is not the controlling shareholder and is a party to signed shareholder agreements.

40%

25%

100%

100%

Strategy

Transportation and distribution of energy with involvement in other areas in the

energy sector.

Guatemala

Colombia

Perú

Current Markets

Potential Markets

Operations in countries with strong growth potential

– Colombia: regional leader in electricty and natural gas and a center for

energy exports

– Perú: regional leader in mining and energy-intensive industries

– Guatemala: a window for future investments in Central America

Exploration of opportunities in America

Focus on

natural

monopolies

Ample access

to capital

markets

Ambitious

projects in

execution

Growth in

controlled

subsidiaries

Sound

regulatory

framework

Experienced

management

and partners

Leaders in every market

5

Electricity transmission

Market share (%)

(Km of 220-138 kV lines )


Market share (%)

(Km of lines)

Electricity distribution

Market share (%)

(Kwh)

Electricity generation

Market share (%)

(Generation)

# 1 Peru

# 2 Colombia

# 1 Colombia

# 2 Colombia

Gas distribution

Market share (%)

(No. clients) 59.0%

Gas transportation

Market share (%)

(Average volume transported) 85.0%

Gas distribution

Market share (%)

(No. clients)

100.0%

# 1 Colombia

# 1 Colombia

# 1 Perú

57.6%

8.0%

26.6%

20.9%


Project ongoing

(850 Km L/T and 24 S/E)

# 1 Guatemala

Focus on natural monopolies

Strong Presence in Relevant Countries

Natural Gas

*Reservations to 3T12 Source: ANH, MEM, UPME

8,5

7,1 6,6

7,1

2009 2010 2011 2012

Natural Gas Reserves - Colombia - Tcf

843

884

831

894

994

2009 2010 2011 2012 2015E

Natural Gas Demand - Colombia - MMCFD

26,0

23,1 21,5 21,5

2009 2010 2011 2012*

Natural Gas Reserves - Perú - Tcf

333

417 484

528

950

2009 2010 2011 2012 2015E

Natural Gas Demand - Perú -MMCFD

8,013 8,276 8,513 8,557

10,816

2009 2010 2011 2012 2015E

Electricity Demand - Guatemala - GWh

Source: ANH, MEM, UPME

Strong Presence in Relevant Countries

Electricity

54,679 56,148 57,157 59,36766,044

2009 2010 2011 2012 2015E

Electricity Demand - Colombia - GWh

27,00332,314

36,77940,940

52,312

2009 2010 2011 2012 2015E

Electricity Demand - Perú - GWh

Stable and Growing income*

* Total of Operating Revenues per company

136.2152.4 162.1 181.5

207.3 191.7

2008 2009 2010 2011 2012 3Q 2013

Electricity Transmission - USD mm

REP CTM EEB Transmisión TOTAL

1,317.7

1,584.21,730.3 1,807.4

2,092.1

1,473.3

2008 2009 2010 2011 2012 3Q 2013

Electricity Distribution - USD mm

CODENSA DECSA EMSA TOTAL

279.6

365.2401.9

439.1536.4

450.2

2008 2009 2010 2011 2012 3Q 2013

Natural Gas Transportation - USD mm

TGI PROMIGAS TOTAL

Predictability and stability in regulated revenues. 81% of revenues comes from regulated business.

422.4495.7

605.9

871.61,076.2

799.3

2008 2009 2010 2011 2012 3Q 2013

Natural Gas Distribution - USD mm

GAS NATURAL CÁLIDDA TOTAL

Growth through controlled subsidiaries

Consolidated Financial Results – Evolution EBITDA

Normalized Dividends: *2010 excludes

dividends declared based on an early close

of Gas Natural’s, Emgesa’s and Codensa’s

financial statements. These figures are

included in 2011, when such dividends

would normally have been declared.**

Anticipated dividends declared by Codensa

on first half 2011, were included in 2012.

81%

67%56%

55%61%

44%45% 45%

19%

33%

44%

45%

39%56%

55%55%

2006 2007 2008 2009 2010 2011* 2012** Sep-13 LTM

Consolidated Adjusted EBITDA and Normalized Dividends (USD Millions)

Dividends Operational EBITDA

240.9

471.3

416.4

515.6

586.4

818.5871.5

705.0

871.5

EEB Transmission, Trecsa & EEBIS

4.4%

TGI40.4%

Decsa/EEC4.4%

Cálidda & Contugás6.2%

Emgesa22.3%

Codensa15.1%

Gas Natural3.4%

Others3.7%

Consolidated Adjusted EBITDA LTM Sep 2013by subsidiary

Ambitious projects under execution

Consolidating the Strategy

CAPEX Approved 2013: USD 814.6 mm CAPEX Approved 2013: USD 902 mm

Natural Gas Transportation

• CAPEX : USD 369 mm

• Construction: Estación Sabana. (3Q 14)

• Planification: Cusiana/Apiay (4Q 15)

Sist. Regionales (4Q 14)

Electricity Transmission

• CAPEX : USD 308 mm

• Under Construction 3Q:

• Armenia – 67%

• Alferez – 95%

• Tesalia – 59%

• Chivor II Norte – 10%

• SVC Tunal – 4%

Engineering and Services

• CAPEX: USD 44 mm

• Sugarmills under construction

• 2014-15



• Start operation (partially) 2013

• Under construction:3Q 13: 59.6%.

• Delivered 2015

Natural Gas Distribution


• By the end of 2016 it is

expected to have 455,000

customers connected.

Natural Gas Transportation and

Distribution


• Under construction:3Q 13: 86%.

• Full operation 1Q 14

Electricity Generation

• CAPEX USD 837 mm

• Quimbo. Under construction 3Q-13:

51.7%

• Capacity 400 MW

Electricity Distribution

• CAPEX: USD 77.9 mm

Executed until 3Q 13

• Under Operation 2013



• Extensions and new

concessions; 2013- 2014


• CAPEX: USD 94.5 mm

• Extensions and new concessions;

2013 - 2014

Natural Gas Transportation

and Distribution


• Under Construction 2014

Financial Plan

2013-2017 Funding Sources

2013 -2017 Funding Sources USD Millon

Cash Generation 1,937.5 Financial debt 3,278.6

Third Parties (Contributions of Capital) 10.0

Other Non-financial sources 2,320

TOTAL 7,546.1

Cash Generation

26%

Financial debt43%

Third Parties (Contributions of Capital)

0%

Other Non-financial sources

31%

Access to Capital Markets

Access to Capital Markets

7 14 14 14

128

14

229

7

749 750

320

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Consolidated Debt Maturity Profile

USD Millions

GEB Transactions

USD Millions

TGI BondUSD 750 MM

Debt management operation EEB Bond 8.75%

to 6.125%

USD 610 MMRe Opening EEB Bond

USD 139 MM

EEB BondUSD 610 MM

Re-IPOUSD 400 MM

Debt management operation TGI Bond 9.5%

to 5.7%

USD 750 MMCálidda Bond 4.375%

USD 320 MM

2007 2011 2012 2013

Outstanding Share Performance

* Values for years prior to the 2011 dividend were adjusted to split 100:1 which enforced the 20.06.11 stocks. Shares outstanding from Nov. 11: 9,181,177,017

* In 4Q 10 there was an advance cut of financial statements, reason why during 1Q 11 EEB decreed no dividends. 1Q 12 normalizes this effect

0,016 0,018 0,018

0,043

0,000

0,020 0,023

1T 08 1T 09 1T 10 4T 10 1T 11 1T 12 1T 13

Dividend per Share – USD Ticker EEB:CB

On November 18, 2013 the EEB market capitalization was

USD 7,555 million.

Trading volumen tripled after the Equity Offering Nov 2011.

The stock is part of IGBC, COL20, COLCAP and COLEQTY

Average Target Price: USD 0.89 COP 1,703

EEB Share Price Performance 2012 -2013

Financial Highlights

Consolidated Financial Results

515.6

944.0

557.0

723.5

871.5

2009 2010 2011 2012 3Q 2013 LTM

Consolidated EBITDA(USD Millions)

353.8

571.0

157.1

390.6409.6

2009 2010 2011 2012 3Q 2013

Net Income(USD Millions)

455.3487.2

731.8

896.4

757.9

2009 2010 2011 2012 3Q 2013

Operating Revenues(USD Millions)

203.6

140.2

283.5

315.9

279.8

2009 2010 2011 2012 3Q 2013

Operating Profit(USD Millions)

Investor Relations

For more information about Grupo Energía de Bogotá contact our Investor Relations team:

http://www.eeb.com.co

http://www.grupoenergiadebogota.com/en/investors

Fabian Sánchez Aldana Investor Relations Advisor GEB

+57 (1) 3268000 – ext 1897 [email protected]

Antonio Angarita Investor Relations Officer GEB

+57 (1) 3268000 - ext 1546 [email protected]

Rafael Andres Salamanca Investor Relations Advisor GEB

+57 (1) 3268000 – ext 1675 [email protected]

20

http://www.tgi.com.co/





corporate presentation vf 100114

Economy & Finance

natural gas value chains

entire electricity

electricity generation51

distribution of energy

early close of gas naturals

kwhmarket share

generationmarket share

colombiamarket share