Corporate presentation 2 q 14 v ff sa

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.

EEB Overview Wide energy Portfolio: Network and Services

Focus on natural monopolies

Growth in controlled subsidiaries

Sound regulatory framework

Ample access to capital markets

3

100%*

100%*

Leaders in every market

Electricity transmission

Market share (%)

(Km of 220-138 kV lines )


Market share (%)

(Km of lines)

Electricity distribution

Market share (%)

(Kwh)

Electricity generation

Installed Capacity (%)

(Generation)

# 1 Peru

# 2 Colombia

# 1 Colombia

# 2 Colombia

Gas distribution

Market share (%)

(No. clients) 59.0%

Gas transportation

Market share (%)

(Average volume transported) 88.0%

Gas distribution

Market share (%)

(No. clients)

100.0%

# 1 Colombia

# 1 Colombia

# 1 Perú

57.6%

8.22%

26.6%

20.72%


Project ongoing

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

# 1 Guatemala

4 *Estimated market share once in operation.

Focus on natural monopolies and attractive

energy markets

Strong Presence in Relevant Countries Natural Gas

Source: ANH, MEM, UPME, Concentra

333

417 484

528

950

2009 2010 2011 2012 2015E

Natural Gas Demand - Perú - MMCFD

8.46

7.06 6.63

7.01 6.41

2009 2010 2011 2012 2013

Natural Gas Reserves - Colombia - Tcf

12.00 12.50 12.46

15.38

2009 2010 2011 2012

Natural Gas Reserves - Perú - Tcf

874.3 903.1 891.9 905.1

1,047.5 1,082.1

2009 2010 2011 2012 2013 2016E

Natural Gas Demand - Colombia - GBTUD

6

Strong Presence in Relevant Countries Electricity

Source: ANH, MEM, UPME

54,679 56,148

57,157

59,367 60,885

65,125

2009 2010 2011 2012 2013 2016E

Electricity Demand - Colombia - GWh

7,926 8,134 8,473 8,730 8,945 10,064

2009 2010 2011 2012 2013 2016E

Electricity Demand - Guatemala - GWh

27,003

32,314 36,779 37,321

39,669

48,411

2009 2010 2011 2012 2013 2016E

Electricity Demand - Perú - GWh

7

Stable and Growing Income*

8

422.4 495.7

605.9

871.6

1,076.2 1,114.4

631.1

2008 2009 2010 2011 2012 2013 2014 2Q

Natural Gas Distribution - USD mm

GAS NATURAL CÁLIDDA TOTAL

1,317.7

1,584.2 1,730.3 1,808.7

2,092.1 1,972.1

1,057.7

2008 2009 2010 2011 2012 2013 2014 2Q

Electricity Distribution - USD mm

CODENSA DECSA EMSA TOTAL

279.6

365.2 401.9

439.1 536.4

578.1

350.7

2008 2009 2010 2011 2012 2013 2014 2Q

Natural GasTransportation - USD mm

TGI PROMIGAS TOTAL

* Total of Operating Revenues per company – aggregated figures for comparable purposes.

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

136.2 152.4 162.1 181.5

207.3

288.9

138.2

2008 2009 2010 2011 2012 2013 2014 2Q

Electricity Transmission - USD mm

REP CTM EEB Transmisión TOTAL

Growth through controlled subsidiaries and

Brownfield opportunities

Consolidated Financial Results Evolution EBITDA

81% 67%

56% 55% 61% 44% 45%

48% 47% 19%

33% 44%

45% 39%

56%

55%

52%

53%

2006 2007 2008 2009 2010 2011* 2012** 2013 2014 IIQ LTM

Consolidated Adjusted EBITDA & Normalized Dividends (USD Million)

Operational EBITDA Dividends

240.9

471.3 416.4

515.6

586.4

818.5

921.7

705.0

1,047.5

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.

10

Ambitious projects under execution

CAPEX Exec. 2013: USD 35.1 mm CAPEX Exec. 2Q 14: USD 22.6 mm Total Investment: USD 120.5 mm Construction: Sabana Station: 68.8% Planning: Regional Syst. Full operation: 4Q 14

CAPEX Exec 2013: USD 97.5 mm

CAPEX Exec 2Q 14: USD 41 mm

Total investment: USD 403 mm

By the end of 2016 it is expected to have 455,000

customers connected.

CAPEX Exec 2013: USD 32.4 mm / 2Q 14: USD 24.7 mm

Total Investment: USD 611.5 mm

Under Construction 2Q 14:

Armenia – 56.23%, Tesalia – 66.74%, Chivor II Norte – 28%

SVC Tunal – 63.4%. Recently awarded projects: Bolívar-

TermoCartagena, Sogamoso-Norte-Nueva Esperanza.

CAPEX Exec. 2013: USD 104.5 mm

CAPEX Exec. 2Q 14: USD 10.5 mm


Under construction: 2Q 14: 94%

Full operation 2Q 14


CAPEX Exec. 2Q 14: USD 31.5 mm

Total Investment: USD 376 mm

Started operation (partially): 4Q13

Under construction: 2Q 14: 79%.

Delivered 2015


CAPEX Exec. 2Q 14 : USD 3 mm


Under construction 2Q 14: 7%

Full operation 2014-15


CAPEX Exec. 2Q 14: USD 13 mm


Electricity

Transmission

Natural Gas

Transportation

Natural Gas

Transportation and

Distribution

Natural Gas

Distribution

Electricity

Transmission

Consolidating the Strategy Controlled Subsidiaries

Engineering and

related services

Electricity

Transmission:

CAPEX Executed 2013: USD 385.7 mm; 2Q 14: USD 146.31 mm 12

CAPEX Exec. 2013: USD 145.7 mm CAPEX Exec. 2Q 14: USD 58 mm Projects executed: New and existing demand Quality service and continuity Control operational risk




Extensions and new concessions; 2013 - 2014

CAPEX Exec. 2013: USD 333.6 mm / 2Q 14: USD 199 mm

Quimbo Project (400 MW)

Total investment: USD 1,093 mm

Exec 2013: USD 279 mm

Accum. Exec: USD 564.8 mm - Execution 1Q-14: 64.8%

CAPEX Exec 2013: USD 20.5 mm

CAPEX Exec 2Q 14: USD 29 mm


Extensions and new concessions; 2013 - 2014




Liquefaction Plant: Invest. USD 34 mm

Pipeline Mamonal – Sincelejo: USD 70 mm



Electricity

Generation

Electricity

Distribution

Electricity

Transmission

Electricity

Transmission

Natural Gas

Transportation and

Distribution

Natural Gas

Distribution

CAPEX Executed: 2013 USD 661.4 mm; 2Q 14: USD 364.1 mm

13

Consolidating the Strategy Non-Controlled Subsidiaries

Financial Plan 2013-2018 Investments & Funding Sources

Composition of Investments

Brownfields: 70%

Greenfields: 30%

14

1.41 1.60 1.48 1.39 1.25

4.5

2Q 13 3Q 13 4Q 13 1Q 14 2Q 14

Net Debt / Consolidated Ajusted EBITDA

Net Debt / Consolidated Ajusted EBITDA OM <

13.18

9.10

11.06

10.96 11.44

2.5

2Q 13 3Q 13 4Q 13 1Q 14 2Q 14

Consolidated Adjusted EBITDA / Interests

Consolidated Adjusted EBITDA / Interests OM >

OM: Offering Memorandum of USD.749,000,000 EEB 6.125% Senior Notes due 2021

As of September 2014 is already executed and compromised

USD 2,200 Mm (29%)

2013-2018 Funding Sources USD Millons

Cash Generation 1,700 Financial Debt 3,320

Third Parties (Contributions of Capital) 2,480

TOTAL 7,500

Compromised Resources (29%) 2,200

Resources that will be compromised

2014-2018 5,300

Access to Capital Markets

Access to Capital Markets

GEB Transactions

USD Million

16

EEB

Baa3

BBB-

BBB-

TGI

Baa3

BBB-

BBB-

CÁLIDDA

Baa3

BBB-

BBB-

EEB Share Performance

Ticker EEB:CB

As of June 30th, 2014 EEB’ market capitalization was USD 8.15 Billion

Trading volume tripled after the Equity Offering Nov 2011.

The stock is part of COLCAP, COL20, and COLEQTY

Average Target Price As of 2Q 2014: USD 0.96 COP 1,813

EEB Share Performance 2Q 2013 – 2Q 2014

17

Creating Value to shareholders

18

0.017 0.016 0.017

0.043

0.018

0.025

0.033

1Q 08 1Q 09 1Q 10 1Q 10 1Q 11* 1Q 11 1Q 13 1Q 14

Dividends per Share - USD

0.58

0.91

0.60

0.72 0.80

0.72

6.9%

0.0%

3.0% 3.5%

4.2%

3.5%

0.00

0.10

0.20

0.30

0.40

0.50

0.60

0.70

0.80

0.90

1.00

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

2010 2011 2012 2013 2014 Avg 2008-2013

Dividend Yield Evolution

Closing Share price at the end of the year USD Dividend Yield

97.7

353.8

571.0

157.1

390.6

437.8

334.7

91.8 142.6 368.0 109.0 228.3 306.5 207.7

94%

40%

64% 69%

58%

70% 62%

141%

40%

64%

105%

58%

70% 68%

0.0

100.0

200.0

300.0

400.0

500.0

600.0

0%

20%

40%

60%

80%

100%

120%

140%

160%

2008 2009 2010 2011 2012 2013 Avg 2008-2013

Evolution Dividend Payout Ratio (USD Mllion)

Net Profit Dividends Dividend payout on last year profit Dividend payout + Including realeased reserves

Financial Highlights

Consolidated Financial Results

515.6

944.0

557.0

723.5

921.7

1,047.5

2009 2010 2011 2012 2013 2Q 2014

LTM Consolidated EBITDA (USD Millions)

353.8

571.0

157.1

390.6 437.8

508.6

2009 2010 2011 2012 2013 2Q 2014

Net Income (USD Millions)

455.3 487.2

731.8

896.4

1,016.4

597.5

2009 2010 2011 2012 2013 2Q 2014

Operating Revenues (USD Millions)

203.6

140.2

283.5

315.9 315.5

230.9

2009 2010 2011 2012 2013 2Q 2014

Operating Profit (USD Millions)

20

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]

Nicolas Mancini Suarez

Investor Relations Officer GEB

+57 (1) 3268000 - Ext 1536

[email protected]

Rafael Andres Salamanca

Investor Relations Advisor GEB

+57 (1) 3268000 – Ext 1675

[email protected]

Felipe Castilla Canales

Chief Financial Officer - GEB

+57 (1) 3268000 – Ext 1501

[email protected]

21

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Economy & Finance

Corporate presentation 2 q 14 v ff sa