Corporate Presentation December 2019 Agenda Overview ISA Group 1 - - PowerPoint PPT Presentation

Corporate Presentation

December 2019

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Agenda

Overview ISA Group Overview ISA Group in Perú Operating Indicators ISA Perú Financial Results ISA Perú Q&A 1 2 3 4 5

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Overview ISA Group

Sustainable Operation

Colombia ISA ISAIntercolombia ISA Transelca Internexa ATP XM Sistemas Inteligentes en Red Derivex INTERVIAL Colombia

Expanded footprint across Latin America, with a combination of fast-growing countries and core markets

Peru ISA REP ISA Transmantaro ISA Perú Proyectos de infraestructura del Perú Internexa Bolivia ISA Bolivia Central America EPR Interconexion Electrica Colombia – Panama REDCA Argentina Internexa Chile (2) ISA Interchile ISA Intervial Ruta del Maipo Ruta del Maule Ruta del Bosque Ruta de laAraucania Ruta del los Rios Ruta del Loa Internexa ATP ISA Inversiones Chile ISA Inversiones Maulle ISA Inversiones Tolten Brazil (1) ISA CTEEP IENNE IEMG IE SUL IE PINHEIROS IE MADEIRA SERRA DO JAPI IE GARANHUNS EVRECY IE PARAGUAÇU IE AIMORÉS IE ITAÚNAS IE TIBAGI IE AGUAPEÍ IE ITAQUERÊ IE ITAPURA IE BIGUAÇÚ IE IVAÍ TAESA Internexa ISA Capital do Brasil Internexa Participacoes ISA Investimentos e Participacoes

Presence in

7 countries 3

Business Line

3,880

Employees

43

Companies and afiliates In Operation: 46,374 km of circuit and

92,600 MVA

Under construction: 5,618 km of circuit and 14,312 MVA

54,034km of fiber optics in operation 907km of road infrastructure in operation

Matriz de grupo empresarial Transporte de Energía Eléctrica Tecnologías de información y telecomunicaciones Concesiones Viales Gestión de sistemas de tiempo real Vehículos de inversión CCRC

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Growth with sustainable value creation

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Energy Transmission Business

Transmission lines in operation Shared control transmission lines

In operation 46.374 km and 92.600 MVA In construction 5.618 km and 14.312 MVA

*Equivalent to one and half turns to Planet Earth

* 63.079 km and 109.164 MVA incluyendo inversiones con control conjunto.

MARKET SHARE INCOME

70% 14% 70% 20%

• Average of concessions 25 years.
• In Colombia and Chile, concessions are

perpetual.

• Largest high-voltage electricity transmission

network in Latin America

99,99%

Reliability

USD 9.600 millions

Investment target 2030

Colombia Perú Brasil Chile

ISA’S LEGACY FOR FUTURE GENERATIONS

Conexión Jaguar, ISA’s sustainable program, was elaborated in colaboration with it’s technical allies, “Polo Sur” and “Panthera”, in order to contribute with:

• Biodiversity conservation
• Climate change mitigation
• Conectivity of jaguars’ natural habitat in Latin America.
• Development of rural communities.

The program provides technical and economic support for the best rural initiatives to exchange certified carbon credits with the highest standards worldwide to finance conservation. It contributes to obtain climate change objectives of the country, in accordance with international agreements.

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Objetives for 2030

400,000** of the jaguar corridor through conservation actions Promote the development of rural communities in the area

• f ​influence of projects.

Reduction of 9,000,000* of tCO2

Depending on the type of the project

20 International projects internacionalmente certificated in Latin America

**Conservation projects REDD +

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Agenda

Overview ISA Group Overview ISA Group in Perú Operating Indicators ISA Perú Financial Results ISA Perú Q&A 1 2 3 4 5

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Overview

Energy Transmission Business

Description

• ISA Perú was established in 2001 by granting T.L. Oroya-Carhuamayo-

Paragsha-Vizcarra and Aguaytía-Pucallpa 138 kV. It hold 1 concession with the Peruvian govermment and 3 extensions.

Shareholding structure

✓ Lines length: 64,774 km ✓ Ratings: Baa2/BBB-/BBB+ ✓ Lines length: 13,729 km ✓ Ratings: NR/BBB-/BBB

Market share of ISA Group in Peru

ISA: 30% Transelca: 30% GEB: 40% ISA: 60% GEB: 40%

Transformation capacity of ISA Perú: 350 MVA

ISA: 55% Transelca: 45%

(1) Concessions and contracts won. Includes the project “500KV Mantaro-Nueva Yanango-Caarapongo y Subestación asociadas” and “500 Kv Nueva Yanango-Nueva Huánuco y Subestacuón asociadas”. (2) Operating Substations (3) Source: COES – Market Share 2019

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Overview

Principal Executives

◼ Vice-president of energy transport of Interconexión Eléctrica S.A. E.S.P ◼ He is an Electrical Engineer from Universidad Nacional de Colombia, a

specialist in Quality Management from Universidad EAFIT and Master of Science in Operational Research from University of Strathclyde, Scotland, UK.

Cés ésar Aug Augusto Ram Ramírez Rojas

• jas

Chairman of the Board

◼ General Manager of Transelca from september 1998 ◼ He has pursued Economics at Universidad del Atlántico (Barranquilla) and

post graduate studies in Banking at the American University U.S.A).

Gui uido Nul ule Am Amín Director

◼ CEO of PRONUS ◼ He is an economist graduated from Universidad de los Andes and holding

an MBA in Economic development from Universidad de los Andes, MBA in Public Administration and International Development from Harvard University.

Cam amilo Zea ea Goméz Director Board Top Executive Car arlos Mar ario Car aro Sán Sánchez General Manager

◼ General Manager of ISA Perú since February 2012 ◼ President of the Electric Sector of the National Society of

Mining, Oil and Energy in Peru (SNMPE). Consultative Director of the UTEC, Vice President of the Regional Energy Integration Commission (CIER - PECIER) and Director of ANCHAM. He is also a member of the board of directors of CONFIEP, L + 1 and of the board of directors and the executive committee

• f

SNMPE. He also participates as President of the Directory of Proyectos de Infraestructura (PDI) and has been President of the Colombian Business Council (CEC).

◼ Electrical

Engineer from the National University

• f

Colombia and Master in Integral Logistics from the Universidad Pontificia Comillas de Madrid.

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2013 2014 2014 2016

ISA Perú is established the Peruvian government awards the L.T. Oroya- Carhuamayo- Paragsha-Derivación Antamina y Aguaytía- Pucallpa 138 Kv to ISA The assets was USD22MM

2001

Extension 1 The transmission capacity of the T.L. 220 Kv Pachachaca-Oroya Nueva from 152 MVA to 250 MVA. Extension 2 The transmission capacity of the 220 KV Paragsha-Vizcarra from 152 MVA to 250 MVA

Hoy

Assets: USD55MM Extension 3 The transmission capacity of the T.L.138 kV Aguaytía – Pucallpa

ISA Perú Evolution

ISA and Transelca become shareholders

• f ISA Perú

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Agenda

Overview ISA Group Overview ISA Group in Perú Operating Indicators ISA Perú Financial Results ISA Perú Q&A 1 2 3 4 5

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Operating Indicators ISA Perú

Main Clients

Availability (%) Line length (Km) ✓ Electricity Generators Companies ✓ Mining Companies

393 393 393 393 393 2015 2016 2017 2018 2019 99.8% 99.9% 99.9% 99.8% 99.5% 2015 2016 2017 2018 2019 Electroperu 18% Kallpa Generación 16% Enel Perú 14% Engie 13% Enel Distribución 5% LDS 4% Others 30%

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Agenda

Overview ISA Group Overview ISA Group in Perú Operating Indicators ISA Perú Financial Results ISA Perú Q&A 1 2 3 4 5

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Financial Results ISA Perú

Revenues and EBITDA

Revenues EBITDA Balance Sheet Debt

11 29 29 23 16 2015 2016 2017 2018 2019 $12.2 $13.9 $15.7 $17.1 $18.3 2015 2016 2017 2018 2019

60 55 26 19 33 36 2018 2019 Assets Liabilities Equity

10 12 14 15 16 86.1% 85.9% 86.8% 87.8% 89.3% 2015 2016 2017 2018 2019

Adjusted EBITDA Margin (%)

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Financial Results ISA Perú

Debt

Debt Profile Ratios Debt

11 29 29 23 16 2015 2016 2017 2018 2019

1.0x 2.4x 2.1x 1.5x 1.0x 25.5x 17.6x 8.8x 10.6x 16.1x

2015 2016 2017 2018 2019

Debt/Adjusted EBITDA Adjusted EBITDA/Financial Expenses

• 10
• 5
• 5

10 15 20 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 Millions US$ Interbank US$25MM Scotiabank US$4MM Amortization Interbank US$25MM Amortization Scotiabank US$4MM Total Debt

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Agenda

Overview ISA Group Overview ISA Group in Perú Operating Indicators ISA Perú Financial Results ISA Perú Q&A 1 2 3 4 5