May 2018 El Dorado International Airport. Aeropuerto Internacional - - PowerPoint PPT Presentation

May 2018

El Dorado International Airport. El Dorado Aeropuerto Internacional El Dorado

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 of economic growth, with institutional structure and state support.

• Revenue amounted to COP

813 thousand million as of December 2017.

• EBITDA margin of 63.38% as
• f December 2017.
• Net leverage2: 2.99x as of

December 2017. COMPANY OF GRUPO ARGOS ROBUST AND DIVERSIFIED PORTFOLIO OF ASSETS AND PROJECTS LEADER IN ROADWAY AND AIRPORTS CONCESSIONS IN COLOMBIA1 FINANCIAL STRENGTH TO MANAGE RISKS AND TO GROW

1 Revista Dinero (Colombian Economic Journal), July 2017, leader in profits in the concessions sector. 2 Net leverage = net debt/EBITDA

HIGHWAYS AND AIRPORTS ROBUST PORTFOLIO

ROADWAY CONCESSIONS

Odinsa Grupo Argos Other

AIRPORT CONCESSIONS

Aeropuert

• puerto Inter

erna nacion cional El Dorado Aeropuert

• puerto Inter

erna nacion cional Marisc iscal l Sucre Autopis

• pistas del

l Café Conex exión ión Pacíf ífic ico 2 Boulev ulevard Turístico ístico del el Atlántico ntico Mall lla Vial l del l Met eta Green een Corrid idor Autopis

• pistas del

l Nordes este Colombia Colombia Colombia Colombia Aruba Dominican Republic Dominican Republic Ecuador

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

OUR CONCESSIONS

Roadway concessions in operation

3

Concessions under construction

3

Airport concessions

2

FINANCIAL STRENGTH

• Change

(Margin)

Income

• me

Costs sts, expen enses ses, and other er income come Operat ating ing profit Ebitda tda Controlling trolling net income

• me

Net margin

✓ Fraud, bribery and corruption risk management policy ✓ Self-regulation and money laundering and financing of 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.

COMMUNICATION CHANNELS

✓ Transparency line ✓ Annual statement of potential sources of conflict of interest

CORPORATE GOVERNANCE

Annual statement of potential sources of conflicts of interest Code of Good Governance Code of Conduct Transparency line

HIGH STANDARDS OF CORPORATE GOVERNANCE

We aim at generating shared value for our stakeholders, responsibly managing our impacts, fostering development, competitiveness and people’s connection; and managing risks and building on opportunities for the business.

• Measurement of the carbon and water footprints in Odinsa and its concessions
• We conducted materiality analysis, giving priority to economic, environmental and social

issues in which we must work with greater focus.

• We structured our sustainability plan for the 2017-2019 period.

Highlights of 2017 management

GOOD SUSTAINABILITY PRACTICES

Opinion ion-ma makers: Media /Opinion leaders / Academia Busines iness and social cial ass ssoci

• ciation
• ns

Unions / companies from the sector / Associations / NGO Employe

• yees:

es: Odinsa and Concessionaires Authoriti ties es Investo estors: Long-term funders / Banking / Financial sector Supp ppliers ers Communiti ties es Users rs

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

ROBUST AND DIVERSIFIED PORTFOLIO OF ASSETS

Autopistas del Café

Relevant Figures

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.

Project location

EBITDA Million of COP

2015 2016 2017

46,788 62,491 80,351

Total Traffic Thousands of Vehicles

2012 2013 2014 2015 2016 2017

9,777 10,580 11,328 12,147 12,544 12,770

Roadway concession in operation: Autopistas del Café

Relevant Figures

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.

General information

✓ 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. ✓ Financial closure was completed and the first disbursement of the senior debt was carried out in 2017.

Project location

EBITDA Million of COP

2015 2016 2017

307 9,677 27,684

Total Traffic Thousands of Vehicles

2015 2016 2017

2,222 2,276 2,489

Roadway concession under construction: Conexión Pacífico 2

Relevant Figures

The project has not begun yet because of substantial changes in the traffic forecast. The arbitration court with ANI is under way, which is expected to be solved in the third quarter of 2018.

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. ✓ 354 km, 6 toll stations (5 existing toll stations, plus a new one). ✓ Financial closure is scheduled for January 2019.

Project location

EBITDA Million of COP

2015 2016 2017

4,154 1,665 (1,782)

Total Traffic Thousands of Vehicles

2015* 2016 2017

4,240 6,750 6,570

* Only 7 months are taken into account, since the concession starts in June 2015

Roadway concession under construction: Malla Vial del Meta

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 USD162 million, under Regulation 144-A of the US. The debt balance is USD147 million and ends in April of 2024.

Project location

EBITDA Million USD

2015 2016 2017

26 25 49

Total Traffic Thousands of Vehicles

2013 2014 2015 2016 2017

2,754 2,959 3,906 3,515 3,754

Roadway concession in operation: Autopistas del Nordeste

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 USD112.8 million and ends in November 2024.

Project location

EBITDA Million USD

2015 2016 2017

29 24 29

Total Traffic Thousands of Vehicles

2013 2014 2015 2016 2017

1,113 1,272 1,349 1,355 1,375

Roadway concession in operation: Boulevard Turístico del Atlántico

General information

Green Corridor is a roadway concession in Aruba which is currently in the construction phase. Works are expected to be completed and

• peration is expected to start in the second quarter of 2018. It would start to receive revenues during the third quarter 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 availability period is expected to start in the second quarter of 2018, once the documentation related to the project and some landscaping aspects of the work are completed. ✓ The concession holder’s obligations after the beginning of the availability period are as follows: ✓ Maintenance of the entire infrastructure. ✓ Control of environmental conditions and air quality. ✓ Monitoring of the quality standards of works.

Project location

Roadway concession under construction: Green Corridor

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

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

✓ The concession contract signed in September 12, 2006 for constant COP1,062 million in 2005 . ✓ Third airport in Latin America by number of passengers and first airport in Latin America by cargo movement. Close to 32 million passengers in 2017. ✓ 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. ✓ Current debt balance is USD368.2 million, plus COP300.8 thousand million.

Aeropuerto Internacional El Dorado Bogotá, Colombia EBITDA Million of COP

2015 2016 2017

217,693 265,121 280,943

International National

Airport concession: Opain – Aeropuerto Internacional El Dorado

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. ✓ The acquisition was made through Marjoram Riverside Company (BVI), a company controlled by Odinsa Holding Inc, Odinsa subsidiary. ✓ The current debt balance is USD100 million and ends in 2020.

Aeropuerto Internacional Mariscal Sucre Quito, Ecuador EBITDA Millions of US$

2015 2016 2017

116 107 106

3.5 3.4 3.3 3.0 2.7 2.2

Passengers who travel through the airport Million Passengers

2012 2013 2014 2015 2016 2017

5.3 5.4 5.6

2.7

5.4 4.9 4.9

1.8 2.1 2.3 2.4 2.1 International National

Airport Concession: Quiport - Aeropuerto Internacional Mariscal Sucre

Conexión Pacífico 2