ABOUT ODINSA We are a Colombian concession company that belongs to - - PowerPoint PPT Presentation

INFRASTRUCTURE COMPANY OF GRUPO ARGOS ROBUST AND DIVERSIFIED PORTFOLIO OF ASSETS AND PROJECTS FINANCIAL STRENGTH TO MANAGE RISKS AND TO GROW LEADER IN ROADWAY AND AIRPORTS CONCESSIONS IN COLOMBIA1

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.

• Balance, support and

standards of corporate governance.

• We are Grupo Argos’

mid-term growth commitment.

• Structural position of the

industry in Colombia and timely stake in profitable assets abroad.

• Proper mix of mature

assets and projects that provide stability.

• Assets majority stakes.
• Privileged position to

benefit from the potential growth of the infrastructure sector.

• Counter-cyclical

industry and promoter

• f economic growth,

with institutional structure and state support.

• Strategic position,

financial strength and deep knowledge of

• the industry and region.

1 Revista Dinero (Colombian Economic Journal), 2018, leader in profits in the concessions sector.

HIGHWAYS AND AIRPORTS ROBUST PORTFOLIO

ROADWAY CONCESSIONS

Odinsa Grupo Argos Other

AIRPORT CONCESSIONS

• Fraud, bribery and corruption risk management

policy

• Self-regulation and money laundering and financing
• f terrorism risk management policy
• Policy for relations between related companies
• Data protection policy
• Gifts and tokens of appreciation policy

POLICIES CODES

• Code of Good Governance
• Code of Business Conduct.

MEDIA

• Transparency line
• Annual statement of potential sources of conflict of

interest Sustainability as a part of our strategy allows us to drive the generation of shared value, that is, for our stakeholders and for the company.

• We made progress in terms of

balance by developing road and airport projects in balance with the environment and the rights of people.

• We left our mark by becoming allies
• f local development.
• We took advantages of opportunities,

which challenges us to learn, thus ensuring competitiveness on the market.

• Solid investment makes us the best
• ption.

HIGH STANDARDS OF CORPORATE GOVERNANCE

Leadership that inspires and motivates people to achieve the major business challenges and to experience values. Collaborative work as the main source of knowledge strengthening. Innovation as differentiator to leave an imprint wherever we have operations.

HIGHLY QUALIFIED AND COMMITTED TALENT

Aeropuerto Internacional El Dorado Aeropuerto Internacional Mariscal Sucre Autopistas del Café Conexión Pacífico 2 Boulevard Turístico de Atlántico Malla Vial del Meta Green Corridor Autopistas del Nordeste Colombia Colombia Colombia Colombia Aruba Dominican Republic Dominican Republic Ecuador

Non-controlling interests in Mariscal Sucre (Quito) and El Dorado (Bogota) airports.

Roadway concessions in operation

4

Concessions under construction Airport concessions

2 2

OUR PROJECTS

AUTOPISTAS DEL CAFÉ

2027

Validity

Eje Cafetero, Colombia Operated by: Autopistas del Café

270 km

Length

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.

General information

✓ Concession with guaranteed minimum income. ✓ Beginning and end of activities: January 1999 to January 2027. ✓ Road corridor of 270.2 km. ✓ 7 toll stations, 3 customer care centers, 1 operational control center and 1 weighing station. ✓ The project currently has no long-term debt.

AUTOPISTAS DEL CAFÉ

Relevant Figures

Total Traffic Thousands of Vehicles

2012 2013 2014 2015 2016 2017 2018

9.777 10.580 11.328 12.147 12.544 12.891 12.080

EBITDA Million of COP

2015 2016 2017 2018

46.788 62.491 80.351 35.228

✓ Favorable ruling on the arbitration tribunal which maintains the term of the concession until January 2027 ✓ Reinvestment of approximately COP 100,000 million between 2019 and 2020, as a result of surplus account of the concession

CONEXIÓN PACÍFICO 2

2045

Validity

Antioquia, Colombia Operated by: Concesión La Pintada

98 km

Length

During 2017, the first disbursement of the structured funding was achieved under the "project finance” mode. Currently, the work progress is close to 30%. The estimated date for the commissioning of all UF is October 10 of 2020. ✓ 98Km; Construction: La Pintada - Bolombolo (44 km) and maintenance: La Pintada - Primavera (54 km). ✓ PPP of public initiative(4G - with forecast budgets and collecting rights). ✓ Contractual milestones: (i) Awarded May 22, 2014; (ii) Certificate of commencement: November 11, 2014. ✓ 100% of environmental licenses approved, certificate of non-presence of communities, 30% of the project execution. ✓ 100% of the environmental licenses approved and certificate

• f non-presence of communities

✓ Project execution at an advance of 65% (+8% above schedule)

Relevant Figures General information

CONEXIÓN PACÍFICO 2

Total Traffic Thousands of Vehicles

2015 2016 2017 2018

2.222 2.276 2.498 2.617

EBITDA Million of COP

2015 2016 2017 2018

307 9.677 23.472 120.765

GREEN CORRIDOR

San Nicolás, Aruba Operated by: Caribbean Infrastructure Company (CIC)

2035

Validity

34 km

Length

General information

Green Corridor is a roadway concession in Aruba which is currently in the operation phase after have contained the Availability Certificate in the second half of 2018. Likewise, the Project Completion Certificate was awarded in the 4Q of 2018. ✓ Contract of DBFM (Spanish acronym that stands for design, construction, financing and maintenance) contract. ✓ Income for the road availability, there are no tolls. ✓ Awarded in July 2015. Term: 18 years from the time of road availability. ✓ 95% of progress in the construction of the project. ✓ CAPEX of USD58.05 million. ✓ Senior debt of USD58.7 million and equity of USD20.03 million. ✓ The concession holder’s obligations are as follows: ✓ Maintenance of the entire infrastructure. ✓ Control of environmental conditions and air quality. ✓ Monitoring of the quality standards of works.

Project location

GREEN CORRIDOR

BOULEVARD TURÍSTICO DEL ATLÁNTICO

2041

Validity

Samaná, República Dominicana Operated by: Boulevard Turístico del Atlántico

123,5 km

Length

Relevant figures

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.

General information

✓ The investment value of the project was USD180 million. ✓ The road has 123.51 km, of which 104.81 km correspond to rehabilitation and 18.7 km to construction. ✓ Guaranteed minimum income. ✓ Financial closure with multilateral entities by USD151.1 million to 15 years. ✓ The current debt of the project is USD 92 million and ends in November 2024.

Project location

BOULEVARD TURÍSTICO DEL ATLÁNTICO

Total traffic Thousands of vehicles

2013 2014 2015 2016 2017 2018

1.113 1.272 1.349 1.355 1.375 1.718

EBITDA Million USD

2015 2016 2017 2018

29 24 29 27

2038

Validity

Samaná, República Dominicana Operated by: Autopistas del Nordeste

107 km

Length

AUTOPISTAS DEL NORDESTE

Relevant figures

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.

General information

✓ Contract Law, approved by the Legislative Chambers and ratified by the President. ✓ Guaranteed minimum income. ✓ Awarded on July 18, 2001. The works were completed on June 30,

• 2008. Concession will end in 2041.

✓ Contract to 30 years of operation, 107 km, 3 tolls. ✓ Financed through issuing bonds for USD 162 million, under Regulation 144-A of the US. The debt balance is USD 123 million and ends in April of 2024.

Project location

2013 2014 2015 2016 2017 2018

AUTOPISTAS DEL NORDESTE

Total Traffic Thousands of Vehicles 2.754 2.959 3.906 3.515 3.754 4.348 EBITDA Million USD

2015 2016 2017 2018

26 25 50 46

2043

Validity

Meta, Colombia Operated by: Concesión Vial de Los Llanos

MALLA VIAL DEL META

The project has not begun yet because of substantial changes in the traffic forecast. The arbitration court resolved the controversy

• n february 28. We are currently studying the decision, which can be subject to clarifications and complementarities.

General information

✓ PPP of Private Initiative (without government resources). ✓ Awarding April 9 2015, signing of the contract: May 5 and the certificate of commencement on June 9, 2015. ✓ Subject of the Contract: (i) Granada corridor - Villavicencio - Puerto López - Puerto Gaitán - Arimena Bridge. ii) Ring Road of Villavicencio and accesses to the city - Meta Road Network.

Project location

MALLA VIAL DEL META

AEROPUERTO EL DORADO

2027

Validity

Bogotá, Colombia Operated by: Opain

Relevant figures

El Dorado, operated by Opain, was awarded with Skytrax 4-star rating as the best airport in South America. In 2017, 6 contact positions started and more than 25,000 m2 were commissioned to improve the passenger experience. Capacity increased to 40 million passengers.

General information

✓ Third airport in Latin America by number of passengers and first airport in Latin America by cargo movement. ✓ Purchase of 30% was improved by Grupo Argos in the first quarter of 2017. ✓ The expansion works of the National and International terminal were completed in 2017, increasing the terminal built area to 223,700 m2. ✓ The investment plan keeps on going until 2027 with the maintenance and complementary works. ✓ Renewable energy project (PV energy) in partnership with Celsia. ✓ Current debt balance is USD309.550.000, COP238.111.686.000.

2015 2016 2017 2018

AEROPUERTO EL DORADO

Aeropuerto Internacional El Dorado Bogotá, Colombia

15,8 17,4 19,1 20,8 21,3 20,6

Passengers who travel through the airport Million Passengers

2012 2013 2014 2015 2016. 2017

22,5 25,0 27,4 30,0 31,0 30,9

6,7 7,6 8,4 9,2 9,8 10,4

International National

21,6 11,1

32,7

EBITDA Million of COP

217.693 265.121 281.108 370.480

AEROPUERTO MARISCAL SUCRE

Quito, Ecuador Operated by: Corporación Quiport S.A.

2041

Validity

Relevant figures

In December 2015, Odinsa Holding completed the acquisition of 50% of the company that owns 93% of the economic rights of Mariscal Sucre Airport concessionaire in Quito (UIO), Ecuador. This concession is valid until 2041.

General information

✓ Operations started on February 20, 2013 ✓ Strong domestic travel market with 98% origin-destination of Quito Capital. ✓ It is designed with a flexible structure of the runway and in the passengers and cargo terminal facilities that allow adapting to growth. ✓ Awarded by Skytrax as best regional Airport in South America. ✓ The acquisition was made through Marjoram Riverside Company (BVI), a company controlled by Odinsa Holding Inc, Odinsa subsidiary. ✓ USD 400 million bonds issuance, 12% interests rate and 2033

• maturity. 144A / 3(c)(7) / Reg S.

Aeropuerto Internacional Mariscal Sucre Quito, Ecuador

MARISCAL SUCRE

3,5 3,4 3,3 3,0 2,7 2,6

Passengers who travel through the airport Million Passengers

2012 2013 2014 2015 2016 2017 2018

5,3 5,4 5,6

2,2

5,4 4,9 4,9

1,8 2,1 2,3 2,4 2,1 International National 2,9 2,4

5,2

EBITDA Millions of US$

2015 2016 2017 2018

116 107 106 111

New Private Initiatives

Sistema aeroportuario de Bogotá Campo de vuelo Cartagena Airport Perimetral de la Sabana Operational improvements in El Dorado runways ✓ Infrastructure improvement and regulation compliance ✓ Capacity increase and time savings Operational capacity increase of El Dorado airport ✓ Leading-edge technology and Infrastructure improvement to meet the 2050 demand ✓ The surface will go from 240,000 to 400,000 sqaure meters ✓ The airport will have 3 runways and a capacity of 80 million passengers New Cartagena Airport construction ✓ 70,300 square meters terminal ✓ 11 million passengers capacity during its initial phase (2026) ✓ USD 800 million investment Mobility ease between the south and north in Bogotá sabana ✓ Strategic and sustainable integration of the biggest Colombian city- region

Contact information Nicolás Valencia. Financial Planning and Treasury Managing Director. Cra 43ª 1ª sur -143 Torre norte Piso 5 Medellín, Colombia Tel: 5743198760 ext. 36109 nvalencia@odinsa.com www.odinsa.com Martín Calderón Financial Planning Director. Cra 43ª 1ª sur -143 Torre norte Piso 5 Medellín, Colombia Tel: 5743198760 ext. 32552 mcalderon@odinsa.com www.odinsa.com