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Corporate Presentation June 2019 1 Disclaimer The information provided herein is for informational and illustrative This presentation may contain statements that are forward-looking purposes only and is not, and does not seek to be, a source


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1

Corporate Presentation

June 2019

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SLIDE 2

2 The information provided herein is for informational and illustrative purposes only and is not, and does not seek to be, a source of legal, investment or financial advice on any subject. This presentation does not purport to address any specific investment objectives, financial situation or particular needs of any recipient. It should not be regarded by recipients as a substitute for the exercise of their own

  • judgment. This information does not constitute an offer of any sort

and is subject to change without notice. GEB is no obligation to update or keep current the information contained herein. GEB expressly disclaims any responsibility for actions taken or not taken based on this information. GEB does not accept any responsibility for losses that might result from the execution of the proposals or recommendations presented. GEB is not responsible for any content that may originate with third parties. GEB may have provided, or might provide in the future, information that is inconsistent with the information herein presented. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness

  • r

reliability

  • f

the information contained herein. This presentation may contain statements that are forward-looking within the meaning of Section 27A of the Securities Act and Section 21E of the U.S. Securities Exchange Act of 1934. Such forward- looking statements are based on current expectations, projections and assumptions about future events and trends that may affect GEB and are not guarantees of future performance. The shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or any U.S. State securities laws. Accordingly, the shares are being offered and sold in the United States only to qualified institutional buyers as defined under Rule 144A under the Securities Act, and outside the United States in accordance with Regulation S of the Securities Act. We converted some amounts from Colombian pesos into U.S. dollars solely for the convenience of the reader at the TRM published by the SFC as of each period. These convenience translations are not in accordance with U.S. GAAP and have not been audited. These translations should not be construed as a representation that the Colombian peso amounts were, have been or could be converted into U.S. dollars at those or any other rates.

Disclaimer

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3

GEB at a Glance

Section 1

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4 Foundation & Transformation Diversification Growth and Consolidation

New Corporate Strategy

Empresa de Energía de Bogotá (“EEB”) is founded to generate, transmit and distribute electricity in Bogotá

1896

The District

  • f Bogotá

acquires 100.0% of the company

1959

EEB is transformed from a state-owned entity into a stock corporation organized as a public utilities company

1996

Creation of & through a capitalization and transformation process within EEB

1997

Concession Granted

2002

Acquisition of assets and agreements of Ecogas through TGI

2007 2008 2009 2011 IPO EEB 2012 2015

Acquisition

51.0%

  • Codensa absorbs

EEC

  • New Corporate

Strategy

  • Approved sale of up

to a 20.0% stake of major shareholder

  • Other minor stake

divestitures

2013

Int’l Bond Issuance for US$320mm Recurrent issuer in the local and international capital markets

2006

Acquisition

  • f

Int’l Bond Issuance for US$750mm Int’l Bond Issuance for US$749mm

2010

Merger between TGI & Transcogas

2016

  • 2017

2018

GEB reports change in its shareholding structure after democratization

Timeline

More than 120 years of sustainable organic and inorganic growth, record of success

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5

65,7%

21,2%

5,2%

Others 7,9% 76,3% 16,5% 3,6%

Others

3,6% Pension Funds

Number of shares outstanding: 9,181,177,017 Total Shareholders: 3.688

Shareholders as of Jan 31, 2018

Shareholding Structure

Pension Funds Number of shares outstanding: 9,181,177,017 Total Shareholders: 6.436

Shareholders as of May 31, 2019

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6

*Divest up to 20% of GEB’s Common shares owned by the District, authorized by Bogotá Council (November 2016). Note: In accordance with the agreement 656 of 2016 of the District Council of Bogota, the District will execute a Democratization process. The information herein countained is

  • nly for information and illustrative purposes. It is not intended to be an exact estimation, nor is it a source of legal, investment or financial advice information on any matter.

1

Due Diligence, Valuation and Structuring Process, February 2017 - 2nd Semester 2017 City Government Council endorses the Disposal Program and sets minimum price December 20th, 2017

2

Issuance of Democratization Decree and Program December 20th, 2017

3 4

First Phase Solidarity Sector

  • Dec. 26th – Feb 26th,2018

Second Phase General Public July 5th – July 18th, 2018 Operation Completion and Closure July 31st, 2018

5 6

20/12/2017

Management Agreement SDH-EEB Organize and manage the Democratization* process February 2017 In process Completed

Offer Period Notice of Offer Roadshow Offer Period Notice of Offer Roadshow

Law 226 of 1995

Democratization Results: (First and second phase)

  • District of Bogotá received COP$1.963.020

million

  • This amount represents 10,6% of GEB’s

common shares

Democratization*

7

District of Bogotá has authorization to sell the remaining 9,4%. The

  • peration should be

considered by the next local government

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7

Investment Highlights

Section 2

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8

Investment Highlights

Leading Participant in Relevant Latin American Energy Markets Experienced Management Team, Supported by World-Class Strategic Partners and Strong Corporate Governance Standards A Sustainable Company with Track Record of Value Creation Stable and Predictable Cashflow Generation Proven Ability to Integrate, Develop and Operate Diversified Energy Businesses

1 2 3 4 5

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9

Proven Ability to Integrate, Develop and Operate Diversified Energy Businesses

GEB is a leading energy holding in LatAm with a diversified portfolio of Power and Natural Gas utilities, classified in three strategic business groups:

Power Distribution Natural Gas Distribution 3,8 mm clients in Power Distribution 3,1 mm clients in Natural Gas Distribution 13.841 km of Transmission Lines 4.288 km of Gas Pipelines Power Transmission Natural Gas Transportation USD$1.354 mm Revenue 2018 COP$19.464.095 mm / USD$5,8bn Market Cap. May 31, 2019 USD$396,5 mm CAPEX 2018 +11,6% 2017 – 2018 6,1% Dividend Yield May 31, 2019 Dividend Approved 2018 COP$1.193.533 mm COP$130 per share (+13%) Power Generation 3.500 MW in Installed Capacity 16.823 GWh in Power Generation

Distribution Generation Transportation & Transmission

USD$441 mm Operational Income 2018 +17,9% 2017 – 2018 USD$576 mm Net Income 2018 +13,4% 2017 – 2018 USD$894 mm EBITDA 2018 +7,5% 2017 – 2018

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10

* *

*Not controlled Companies

Vista panorámica Bogotá Colaboradores en Gasoducto Padua Páneles solares GEB

Proven Ability to Integrate, Develop and Operate Diversified Energy Businesses

Distribution Transmission & Transport Generation

* * * 10

*Not controlled Companies *Not controlled Companies

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11

Leading Participant in Relevant Energy Markets

GEB’s subsidiaries and affiliates have market leading participations across the energy chain in Colombia, Peru and Guatemala

Source: :(1) https://www.amm.org.gt/portal/?page_id=145; (2) http://www.coes.org.pe/Portal/Integrantes/AportesIntegrantes; (3) http://www.minem.gob.pe/_estadisticaSector.php?idSector=5, http://www.perupetro.com.pe/exporta/; (4) http://www.mme.gov.br/web/guest/secretarias/energia-eletrica/publicacoes/boletim-de- monitoramento-do-sistema-eletrico/boletins-2019; (5) http://www1.upme.gov.co/Hidrocarburos/publicaciones/Plan_Transitorio_Abastecimiento_Gas_Natural.pdf; (6) http://reportes.sui.gov.co/fabricaReportes/frameSet.jsp?idreporte=ele_com_094; (7) www.xm.com;(8) http://informacioninteligente10.xm.com.co/oferta/Paginas/HistoricoOferta.aspx; (9) Projection, based on the average growth of Users connected quarterly

Guatemala Colombia Peru Brazil

Guatemala

# 1 Guatemala(1)

(Private Company)

Market Share

% Revenue NTS

Power Transmission 22,8%(1) Market Share

% Distributed Volume

Natural Gas Dist. / Transp. 74,3%(3)

# 1 Peru(3)

Market Share

% Revenue NTS

Power Transmission 67,3%(2)

# 1 Peru(2)

Peru Brazil

Market Share

% Network NTS (km)

Power Transmission 0,8%(4)

Colombia

# 1 Colombia(5)

Market Share

% National Network (km)

Natural Gas Transportation 54,0%(5)

# 1 Colombia(6)

Market Share

% Subscriptions

Power Distribution 23,3%(6)

#1 Colombia(8)

Market Share

% Installed Capacity

Power Generation 20,2%(8)

# 2 Colombia(9)

Natural Gas Distribution Market Share

% Connected Users

32,3%(9)

# 2 Colombia(7)

Market Share

% Revenue NTS

Power Transmission 19,7%(7)

(4)

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12

39% 56% 55% 52% 56% 65% 67% 70% 69% 61% 44% 45% 48% 44% 35% 33% 30% 31% 1.122.343 1.369.533 1.447.335 1.775.908 1.964.666 2.437.419 2.528.614 2.455.225 2.643.537 2010 2011 2012 2013 2014 2015 2016 2017 2018 Note: Figures for the years 2006–2013 are presented under ColGaap standards. From 2014 are presented under IFRS.

Consolidated Adj. EBITDA Consolidated Adj. EBITDA by Business Lines | 2018 Consolidated Adj. EBITDA by Segment | 2018

COP$ mm

Stable and Predictable Cashflow Generation

Consolidated Adjusted EBITDA has increased over the last 10 years demonstrating increased strength of GEB’s controlled assets

COP$2.643.537 mm +7,7% Vs. 2017

USD$ mm

586 705 819 922 821 887 828 832 894 COP$2.643.537 mm +7,7% Vs. 2017

Transportation & Transmission 57,0% Distribution 30,5% Generation 12,3% Others 0,2% Electricity Generation 8,6% Natur ural l Gas Transpo portation ion 41,8 Natural Gas Distribution 21,7% Power Transmission 15,1% Others 0,4% Power Generation 12,3% Power Distribution 8,8%

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Energy for Peace (Colombia ) De-mining of 25,000 hectares with the Colombian Army and NGO The HALO Trust, to the benefit of 11 municipalities and 82 rural districts that have suffered from the armed conflict

We transform territories through shared value projects that create sustainable progress to local communities

Community gas diners (Peru) Installation

  • f

free gas connections to

  • ver

900 gas diners benefiting more than 63,000 people Tecnigas: Training for the Future (Peru) Training young people from underprivileged backgrounds as gas installation technicians, to facilitate their entry into the workforce Women’s economic empowerment (Guatemala) Training 450 indigenous women in traditional crafts and supporting the commercialization

  • f

their embroideries

Dow Jones Sustainability Index Included for the seventh consecutive year within the emerging markets category 2019 RobecoSAM Sustainability Yearbook Included for the second consecutive year

A Sustainable Company

Social sensibility and genuine relationships that create sustainable progress

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14

5.000.000.000 10.000.000.000 15.000.000.000 20.000.000.000 25.000.000.000 30.000.000.000 junio 2018 julio 2018 agosto 2018 septiembre 2018

  • ctubre 2018

noviembre 2018 diciembre 2018 enero 2019 febrero 2019 marzo 2019 abril 2019 mayo 2019 junio 2019 1.200 1.400 1.600 1.800 2.000 2.200 Volumen (COP) Últ precio COLCAP

Track Record of Value Creation

GEB share price performance

28.06.18 First dividend payment 05.07.18 Disposal and Adjudication

  • f the 2nd stage of the

Democratization Program 31 .07.18 2nd stage of democratization concluded with the registration of divested shares 17.10.18 TGI’s liability management program of international bonds for USD$750 mm 01.11.18 COLCAP rebalancing & Statements from SHD 28.01.19 Changeof GEB’s ticker symbol in BVC 30.01.19 SHD announces that the District will not sell in the short- term its share participation in GEB 01.02.2019 COLCAP rebalancing 19.02.19 GEB announces that it will present a PAO for 100% of Dunas Energía’s shares 19.02.19 For 2nd consecutive year, GEB is included in RobecoSAM Sustainability Yearbook 25.10.18 Second dividend payment 25.02.19 Notice of GEB’s AGM, Income Distribution Project and proposal

  • f statutory reform

Source: BVC. June 2018 July 2018 August 2018 September 2018 October 2018 November 2018 December 2018 January 2019 February 2019 March 2019 April 2019 May 2019 June 2019

Historical High: COP$ 2.230 April 30, 2019

15.03.19 HCOLSEL Rebalancing 28.03.19 GEB’s AGM 28.05.19 MSCI EM Rebalancing

Volume (COP) Last Price

At national and international level, the group meets high information transparency and disclosure standards, according to regulations imposed by the Financial Superintendency of Colombia. The group has gained recognition within the Colombian Stock Exchange’s Investor Relations 2016 program. Security Issuer $2.175 22,9% YTD

June 13, 2019

1.522 14,8% YTD

June 13, 2019

Average trading volume 2019 YTD COP$5.515 mm / USD$1,6 mm 2.502.363 shares

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15

Experienced Management Team

Andrés Baracaldo

VP Distribution, Transport & Transmission

Álvaro Villasante

VP Power Generation

Felipe Castilla

CFO

Astrid Álvarez

CEO Seasoned executive with

  • ver 30 years of experience

in leadership roles at Public Utilities and Energy Companies in Colombia Senior executive with over 30 years of experience in senior financial roles at global energy companies

Leadership

Senior executive with over 20 years of experience in Investment Banking and Business Development in Power and Utilities Senior executive with over 12 years of experience in Investment roles in Private Equity and Infrastructure in LATAM

Nestor Fagua

General Counsel Senior executive with over 30 years of experience in Laws, Compliance, Banking and Capital Market

Liliana Pérez

Legal Affairs Director

Mónica Jimenez

Chief Compliance Officer

Camila Merizalde

Head of Corporate Affairs

Senior executive with over 15 years of experience in corporate affairs Senior executive with 16 years of experience as compliance officer in Insurance, Finance and Utility sectors Senior executive with over 20 years of experience in Law

Rafael Díaz

Auditor

Senior executive with over 25 years of experience in audits from multinationals and local companies

Ernesto Moreno

Senior VP

Senior executive with over 20 years of experience leading the Power Transmission Business at Grupo Energia Bogotá

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16

World-Class Strategic Partners

Partner in Cálidda

10mm Clients / 2 Countries Market Cap: US$2,074mm

Sources: Promigas Website, Factset

Partner in Brazil’s Power Transmission

Leading generation and transmission company in Brazil Market Cap: US$ 12,758mm

Sources: Eletrobras Website, Factset

Partner in REP and Transmantaro

Presence in 13 countries / 62.038 Km of grid network Market Cap: US$ 6.241mm

Sources: ISA Website, Factset

Partner in Emgesa & Codensa

Presence in 34 countries / 2.2mm km of grid network Market Cap: US$ 59,882mm

Sources: Enel Website, Factset

Partner in Vanti

(formerly Gas Natural)

Presence in over 30 countries / 115 years of operational experience Market Cap: US$ 47,176mm

Sources: Brookfield Website, Factset

Partnerships

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17

Corporate Governance

General Shareholders’ Meeting GEB’s CEO Appointment Group Agreement

 Extension of terms for notice  Majority for convoking the General Shareholders’ Meeting:  Commitments of Bogotá Capital District (70%)  Ad-hoc committee designation for election of 3 candidates  Selection process along with a Head Hunter  Board of Directors elects the CEO from the 3 candidates The Agreement is the instrument that regulates the interaction and general framework of behavior for the relationship between the Headquarters and its subsidiary companies, looking forward to facilitate accomplishment of corporate strategy and GEB’s goals

Board of Directors

 Composition: 9 members (without deputies)  Increase of independent members: at least 4 members, but GEB has 6  Independence criteria: based on the “Corporate Governance Guide” of the New York Stock Exchange (NYSE)  Adoption of Nomination and Succession Policy of the Board of Directors (experience, candidates’ suitability assessment)  Board of Directors’ qualified majority (6 out of 7 present members)  Board of Directors’ President: independent member  Board of Directors’ committees presided by an independent member

We have accomplished more than 92% of OECD’s recommendations on Corporate Governance

Implementation of the Architectural Control Model, which is based on 3 defense lines

Strong Corporate Governance

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18

Investments Forecast

Section 3

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19

Capex Execution

Revenue growth has been sustained by a strong capex plan Executed Capex by Controlled Companies

2018

USD$396,5 mm

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20

Capex Forecasted

2019 - 2023 Investments – Controlled Companies

USD$ MM

Note: From 2019 corresponds to forecasts that are adjusted annually.

GEB Capex Profile (Forecast)

Controlled Companies

Base Scenario

$616 $1.690 $120 Total $2.426

Distribution Transportation & Transmission Generation

Base Scenario (USD$ MM) Company 2018 2019F 2020F 2021F 2022F 2023F Total Transmisión 140 170 209 89 125 91 825 Trecsa y EBBIS 52 52 21 126 TGI 73 85 198 143 143 97 739 Cálidda 119 130 60 61 80 75 525 Contugas 13 10 9 22 54 Other Projects 37 36 39 45 157 Total 396,5 447,0 525,7 338,5 410,3 308,0 2.426

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Investment Projects(1) – Power Transmission

Colombia

  • GEB has 9 projects in execution with an EAR(2) of USD$98,4m
  • Expected start of operations(3):

 2019: 6 projects – EAR of USD$45,5m  2020: 2 projects – EAR of USD$31,4m  2022: 1 project – EAR of USD$21,5m

  • Main projects by EAR are: Refuerzo Suroccidental, Colectora, Sogamoso

Norte and Tesalia

(1) Controlled companies (2) Expected annual revenue (3) 5 of the projects under execution are currently generating revenue. The expected start of operations refers to commissioning date of the projects.

Guatemala

  • Trecsa develops Guatemala’s major power interconnection Project (PET):

 76% completion  19 out of 23 substations; 16 energized  532 Km out of 863 Km of transmission lines; 421 Km in operation

  • EEBIS :

 Project Anillo Pacífico Sur: USD$62,69m (Capex) - Completed  Project CEMPRO: USD$21,7m (EPC contract)

  • Phase 1: 88%
  • Phase 2: 92%
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Investment Projects – Natural Gas

Colombia

  • TGI’s main projects in execution (Capex):

 Cusiana Phase IV: USD$92,3m (1Q 2020)  Branches reposition: USD$11,6m (3Q 2019)  Barranca – Ballena Bidirectionality: USD$2,6m (4Q 2019)

Peru

  • Cálidda’s main projects in execution (Capex):

 Polyethylene pipelines: USD$68,29m (341,67 Km as of Q1 2019)  Residential clients connection: USD$24,6m (40.952 users in 1Q 2019)  Steel pipelines (high pressure): USD$8,93m (1,81 Km in 1Q 2019

  • ut of 12,66 Km)

 City gate expansion: USD$6m for expanded capacity of 540 Mcfd (Works start in Sept. 2019)

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Growth Strategy

GEB is on track to become the leading utility company in LATAM growing through inhouse initiatives and being an active player in M&A throughout the region

We are growing through strategic investments that transform and empower the communities we serve

Strong Pipeline of opportunities to build energy transmission lines and midstream gas pipelines within the regulated market GEB will bid for the LNG regasification project of Buenaventura Earlier this year GEB announced its intention to acquire GEB is pending regulatory approval to close the transaction and start serving 250.000 new clients in south of Perú Actively seeking M&A opportunities in energy transmission and distribution Actively seeking M&A opportunities in renewable power generation Actively seeking M&A opportunities in energy transmission and in renewable power generation

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Capital Structure

Section 4

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25

97% 94% 97% 98% 99% 98% 99% 85% 84% 3% 6% 3% 2% 0.7% 2% 1% 15% 16%

1.543 1.737 1.733 2.218 3.009 2.803 2.567 2.946 2.943

2010 2011 2012 2013 2014 2015 2016 2017 2018

Net Debt / Consolidated EBITDA LTM Consolidated EBITDA LTM / Net Interest LTM

(USD$ mm)

COP$ USD$

Consolidated Debt Composition Debt Maturity Profile Dec. 2018

(USD$2.943 mm)

Debt Profile

471 65 54 24 1.079 107 9 9 9 816 146 55 101

2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2032 2042 2047

2,95x 2,85x 2,83x 2,88x 3,17x

4,50x

dic-17 mar-18 jun-18 sep-18 dic - 2018 7,10x 7,56x 8,72x 8,30x 7,36x

2,25x

dic-17 mar-18 jun-18 sep-18 dic - 2018

(1) Reasonable indebtedness limit.

(1) (1)
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2019 Financing Program

Debt management operation

  • USD$749 mm Syndicated loan
  • The purpose is to improve the debt profile and cost:

Extend maturity from 2023 to 2024 Spread over Libor from 2,15% to 1,625% ~ USD 8,8 mm annual reduction in interest expenses

Bonds issuances

  • Estimated in USD$800 mm
  • Approximately, 50% local market - 50% international market
  • Purpose of the issuance:

Investment projects Repayment of short-term liabilities Increase the Company's maturity profile Match better liabilities’ composition by currency (COP$ - USD$) to cash flow generation

Syndicated Loan

  • Refinancing USD$342 mm
  • Spread over Libor from 3,50% to 1,75% ~ USD 5,8 mm annual

reduction in interest expenses

  • Total amount of the liability USD$355 mm

Refinancing

  • From a current amount of USD$48 mm to USD$53 mm as of

2024

BBB- / Stable

28/09/2018

BBB International - AAA local /Stable

09/10/2018

In the annual review process

2019

GEB’s Corporate Credit Ratings

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Annexes

Section 5

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As of December 31 2018

Assets and Investments

S.A ESP.

Holdco

EEB Perú Holdings Ltd EEB Gas SAS

GrupoEnergíaBogotá

Trecsa

GrupoEnergíaBogotá

Gebbras

GrupoEnergíaBogotá

Contugas

TGI

GrupoEnergíaBogotá

99,99% of GEB 0,01% Other 96,11% of GEB 3,89% of EDEMTEC 99,9% of GEB 0,1% of MARCOSDIEZ 68,58% of GEB 31,42% of TGI 100% of GEB TGI International TGI Regasificadora SAS 100% ofTGI 100% of GEB 40% of GEB 40% of GEB 16,23% of GEB 15,24% of EEB GAS SAS 25% of GEB 51,51% of GEB 51,32% of GEB 60% of EEBPERÚ HOLDINGS LTD 40% of Promigas 100% of GEB 99,999% of GEB

51% of GEBBRAS 49% of Furnas 51% of GEBBRAS 49% of Furnas 51% of GEBBRAS 49% of Furnas 51% of GEBBRAS 49% of Furnas

AFFILIATES SUBSIDIARIES UNCONTROLLED COMPANIES

COLOMBIA GUATEMALA COLOMBIA COLOMBIA CAIMAN ISLANDS BRAZIL PERU BRAZIL PERU BERMUDA GUATEMALA MGETransmissão S.A. GoiásTransmissão S.A. Transenergia Renovável S.A. TransenergiaSao Paulo S.A.

EnergyRe

GrupoEnergíaBogotá

0,001% EEB GAS SAS

AFFILIATES Transmission Branch

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Status of pending divestitures programs: Phase 2 - Promigas

  • The corporate management has not

authorized yet the 2nd phase directed to the general public

  • Percentage for disposing of 15,24%

(172.916.643 shares) Banco Popular

  • Percentage for disposing of 0,1136%

(8.772.703 shares)

2016 2017 2018

2019

Jun.12.17 – Aug.14.17 Phase 1 Solidarity Sector Acceptance period Dec.13.16 Agreement 656 de 2016 Authorization for the divestitures of the shareholding in Promigas, ISA, Banco Popular & Nutresa Sep.12.17 Phase 1 Promigas Allocation of shares Sep.09.17 Start Phase 2 Divestiture processes to general public: ISA, Banco Popular & Nutresa Sep.19.17 Phase 2 Nutresa Allocation of shares Dec.21.17 / Dec.28.17 Phase 2 ISA Allocation of shares

Divestitures

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Infrastructure

Colombia

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Infrastructure

Colombia

Cartagena Refinería Barrancabermeja Refinería

Bucaramanga Bogotá Neiva Cali Medellin

2.27 tcf

0,49 tcf

Productores Orientales: Ecopetrol Equion Alto Valle del Magdalena Magdalena Medio Bajo Magdalena Productores del Norte: Chevron Ecopetrol

0,71 tcf

Guajira

Cusiana-Cupiagua

Referencias Gasoductos de TGI Reservas Gas Natural Ciudad Campo Refinería Gasoductos Terceros

Reservas en otras regiones 0.4 2tcf

Total reservas 3.89 tcf

Océano Pacífico Mar Caribe

VENEZUELA

(1) Tiene acceso a tres de los principales campos de producción de gas, Guajira y Cusiana-Cupiagua

Fuente: Unidad de Planeación Minero Energética - Agencia Nacional de Hidrocarburos

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Infrastructure

Peru

Lima - Callao

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34

Infrastructure

Peru

Ica

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35

Infrastructure

Guatemala

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36

12,7 15,4 15,0 14,6 14,1 16,1 8,8 7,7 6,5 6,4 3,8 1,9 401,2 418,8 430,6 456,4 441,2 494,4 2011 2012 2013 2014 2015 2016 Reservas Probadas de Gas Natural Reservas Probables de Gas Natural Producción de Gas Natural

Strong Footprint in LatAm Natural Gas Market

GEB well positioned to benefit from the expected growth in the natural gas sector via its investments in TGI, Gas Natural, Calidda & Contugas.

Peru Colombia

Natural Gas Footprint

Bucaramanga Bogota Neiva Cali Medellin

952 GPC

Mountain ranges Oriental and Ocidental Magdalena Valley

885 GPC

Ballena Cusiana

Natural Gas Demand (mcfd)

Source: UPME, “Balance Gas Natural 2017”, demand forecast – April 2018.

2683GPC 277GPC

References

Natural Gas Reserves City Field

Llanos Orientales Guajira Offshore

Natural Gas Massification

Altoandina Region In bidding process (Proinversión) Tumbes In award process Piura In award process Quavii Lambayeque, Cajamarca, La Libertad and Ancash In operation (virtual supply) Commitment: 150.000 users Lima y Callao In operation (pipelines) 761.187 users (2018) Contugas - Ica In operation (pipelines) 50.517 users (2018)

Proved Reserves of natural gas Production of natural gas Probable Reserves of natural gas 806 899 975 961 934 863 901 2012 2013 2014 2015 2016 2017 … 2021E

Fenosa Arequipa, Moquegua y Tecna Virtual transportation Commitment: 64.000 users

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LatAm Power Markets As Well

Sound power industry dynamics expected to positively impact GEB’s performance, via its investments in Emgesa, Codensa, REP- CTM, among others.

Colombia

Electricity Demand (GWh)

Peru Guatemala

Source: Ministerio de Minas y Energía Colombia & UPME. Source: Ministerio de Minas y Energía Peru & Dirección Nacional de Electricidad. Source: Ministerio de Minas y Energía Guatemala.

56.145 56.739 59.370 60.890 62.812 65.256 71.401 2010 2011 2012 2013 2014 2015 … 2019E 32.422 35.216 37.306 39.667 41.790 44.537 61.699 2010 2011 2012 2013 2014 2015 … 2019E 8.134 8.672 8.929 9.537 10.490 10.886 12.630 2010 2011 2012 2013 2014 2015 … 2019E

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696.551 1.070.860 1.079.518 1.102.264 1.302.494 2014 2015 2016 2017 2018 1.901.665 2.348.750 2.053.309 2.475.861 2.699.260 2014 2015 2016 2017 2018

Costs and Operating Expenses

(COP$ mm)

Revenues

(COP$ mm)

Operating Income

(COP$ mm)

Net Income

(COP$ mm)

Financial Performance

2.598.216 3.419.610 3.132.827 3.578.125 4.001.754 2014 2015 2016 2017 2018 816.349 1.013.867 1.288.984 1.500.121 1.703.693 2014 2015 2016 2017 2018

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Investor Relations

For more information about Grupo Energía Bogotá (GEB) contact our Investor Relations team:

www.geb.com.co www.grupoenergiabogota.com/en/investors

Felipe Castilla Valeria Marconi

Investor Relations Manager +57 (1) 326 8000 Ext 1536

CFO GEB

vmarconi@geb.com.co ir@geb.com.co

+57 (1) 326 8000

Sandra Jimenez

Investor Relations Advisor +57 (1) 326 8000 Ext 1827

sjimenezv@geb.com.co

Astrid Alvarez

CEO GEB

ir@geb.com.co

+57 (1) 326 8000