The he en ener ergy that you want The ele The lectr ctricit - - PowerPoint PPT Presentation

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The he en ener ergy that you want The ele The lectr ctricit - - PowerPoint PPT Presentation

Sep 30, 2022 445 likes •649 views

The he en ener ergy that you want The ele The lectr ctricit icity y co comp mpan any y of of Gr Grup upo o Ar Argos os that at of offe fers rs an an in innov ovativ ative e energy rgy portfolio po folio to o ci

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SLIDE 1

The he en ener ergy that you want

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SLIDE 2

Ports

Grupo Argos; 53% Pension Funds; 28% Foreign Funds; 4% Other; 16%

  • 20,000

40,000 60,000 80,000 100,000 120,000

ene.-07 ene.-08 dic.-08 dic.-09 dic.-10 dic.-11 dic.-12 dic.-13 dic.-14 dic.-15 dic.-16

Celsia Colcap Volume (COP Mill.)

The The ele lectr ctricit icity y co comp mpan any y of

  • f Gr

Grup upo

  • Ar

Argos

  • s that

at of

  • ffe

fers rs an an in innov

  • vativ

ative e energy rgy po portfolio folio to

  • ci

cities ies, bu busin iness esses es an and hom

  • mes.

es.

COP 3,3 Trill. Market Cap

3,21% Current Dividend Yield

47 % Market float

Cement Energy Roads & Airports

COP 130 0 per share re annual al divide dend nd - 7,6% % CAGR R 5y

SHAREH EHOLDER LDER STRUCT UCTURE URE HISTORIC IC PRICE

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SLIDE 3

Ce Cels lsia ia – at at a a gla lance ce

Col

  • lombia
  • mbia

Pa Pana nama ma Cos

  • sta

ta Ri Rica ca

INSTALLED CAPACIT ITY

2. 2.387 387

MW

More than

593 93.0 .000 00

Cli lient nts

Regulated and non- regulated in Colombia

76% Hydro

  • utput

20% Thermal

  • utput

4% Wind

  • utput

ANNUA NUAL L POWE WER GENE NERATI RATION ON

7. 7.125

GWh

27 27 FACILITIES (22

22 Renewables)

79 79 SUBSTAT

ATIONS IONS

+1 +1.60 600

Employ loyees ees

In Colombia & CA

20.2 .230 30 Km

Distribution grid

274 274 Km

Transmission grid

52% Renewable

T+D+C G

REVENU ENUES ES

1Q17

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SLIDE 4

Su Subs bsta tanti ntial al exp xpertise rtise in in elec lectri tric ut util ilitie ities ma manag agement ement

Leading ding electrici ctricity ty genera neration tion co compan mpany

4th h in Colombia lombia – Vertic tically ally inte tegrate grated 2nd d in Panama ama

So Solid id asset set ba base well–diver iversifi ified ed by by geography graphy, , bu business ness type and nd fue uel sour urce ce St Stead ady ca cash h flows

  • ws that co

cont ntrib ribute ute to to reve venue nue stab ability ility and nd predict dictabilit ability De Deve velopm lopment ent of rene newa wable ble ene nergy gy sour urces ces Best st in n operat rational ional me metric rics

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SLIDE 5

Pr Proj

  • jects

cts un under study udy & & devel velopment

  • pment

Porven enir ir II II hydro | 2023 |352 MW San Andrés és hydro | 2021 |20 MW

Cuestecitas Valledupar Norte Caracolí Nueva Montería Manzanillo

T&D &D exp xpan ansion sion

Plan an 5 Ca Caribe ibe

2018 2018

Ce Cels lsia ia So Sola lar Yu Yumb mbo, , 9,9MW

MW

2017 | Our ur fir irst st solar lar farm rm

SOLAR R FARMS

2017 17 - 2019 19

+2 +200 00

MW MW

(+140 MW pipeline projects)

200 MW prevent the emission of approximately 115,000 tons

  • f CO2 per year
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SLIDE 6

Cl Clie ient nt ce centric ic cu cult lture ure GREA EATER ER VAL ALUE UE FOR CLIE IENTS TS

Efficient ficient & & susta stainable inable business iness models

GENERAT ERATE E CLEANER NER ENERGY RGY TRA RANSFORM SFORM CLIENT ENT EXPERIENC RIENCE MODE DERN RNIZE E OUR R PO POWER WER GRI RID

convenience, control & choice in energy usage meet lower-carbon expectations & diversify energy sources reliable & flexible to support DER

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SLIDE 7

SM SMART RT CITIES IES

New urban developments Shopping centers

RESID IDENT ENTIA IAL

Well–informed families Smarter & more connected homes

COMPANI MPANIES ES

Commercial & industrial businesses

Dev evel elopin

  • ping organiz

izationa ional skil ills ls Bu Busin ines ess opportu tuniti nities es

TRA RADI DITIONAL IONAL ASS SSET MANAGEMENT AGEMENT

Generation, transmission, distribution & retail sales

Bus usin iness ess un unit its

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SLIDE 8

Core e busines ness

Solar PV Solar farms Backup power

Em Emerg erging ing busines ness Venture tures Ea Early ly stage ge

Cogeneration Efficient lightning Electric asset management District cooling system & CHP

De Develop eloping ing our

  • ur po

portfolio folio

1 2 3 4

Traditional model

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SLIDE 9

Develo veloping ping an an emb mbed edded ded utility lity co comp mpany any Designing signing a a sma mart ci city from

  • m scr

cratch atch Expandin panding ene nergy gy ecosys cosystems tems

Ener ergy ef effic icie iency ncy Sustai aina nable ble flex exible ible consumpt mption ion Ener ergy in indep epen ende denc nce

Site assessmen sment En Engineerin ineering Permitting itting Insta stalla llation tion Final l Insp spec ection tion Inter terco conne nnecti ction

  • n

Operation tion & & Mainte ntena nanc nce

Ma Maki king ng sma mart rt ci citi ties es a a re real ality ity

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SLIDE 10

Solar farms ms

5 projects – 1 under construction in Colombia & Panama + 200 MW of installed capacity

Rooftop

  • p solar PV

Non-regula egulated ted busine ness ss

97 clients +37 MW Mean annual Gx: 54 GWh Contract term: 20 to 25 yrs:

Ba Backup up power er as a ser ervic ice

Non-regula egulated ted busine ness ss

28 plants 19 companies

2 2 Dis istric ict cooli ling ng system em & CH CHP

Non-regula egulated ted busine ness ss

High–potential target market in the Caribean Coast

Colom

  • lombia

bia’s insolat

  • lation

ion av averages rages 5 5 kW kWh / m2 / m2 pe per day Cap apacity acity fac actor tor is is ~1.500 .500 hrs hrs per r annum m or

  • r

mo more of

  • f usab

able le sol

  • lar

ar energy ergy per annum

Un Unlo lock cking ing val alue ue through

  • ugh cu

customer

  • mer

engagement agement

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SLIDE 11

In Innovation novation is s way ay more re th than an just st a a division…

Technol nology

  • gy

In Intellig igence nce Business model’s In Intellig igence nce

Technology intelligence Successful business models Pilot projects Start-up projects

Sustaina inabl ble in innovati ation

  • n

cultur ure e through the in involve lveme ment nt of

  • f all

tea eams ms DE DERs Automa mation tion Mobil ility ity Ener ergy y storage

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SLIDE 12

Tak aking ing grea eat pr prid ide in in our

  • ur co

corpo porate ate cu cult ltur ure

We We dare to be e dif iffer eren ent We We are a e agil ile e & rel elia iable le We We en enjoy ma makin ing lif ife ea easie ier We We giv ive the bes est to grow together er

De Developin eloping orga rganiz izational ational ski kill lls required quired for the busin ines ess transforma nsformation tion Attractin racting and retaining aining the best human n tale lent Impro provin ing employ loyees ees’ qualit lity of li life

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SLIDE 13

Di Digit gital al tr tran ansformation formation at at al all leve evels ls: fas ast & & furi riou

  • us

NOVA: VA: Bran and d new w SCADA ADA WFM Custom stomer er APP Digit gital al ky kyos

  • sk

Inte ternal rnal services rvices APP SMD D / MD / MDM

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SLIDE 14

Ce Cels lsia ia key key tak akeawa eaways ys

Custom stomer er centr ntric ic Fos

  • ster

tering ing innovation

  • vation

Our cu cultur ture e is is ou

  • ur pr

prior

  • rity

ity Synergies nergies wi with Ope perationa rational excellence cellence On On the pa path of

  • f digit

gital al transf ansforma

  • rmation

tion

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SLIDE 15

In Inve vest stor

  • r Re

Rela lations tions in inve versionis rsionistas@ tas@celsia celsia.com .com

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SLIDE 16

Appendix

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SLIDE 17

REVENUE ENUES (tn tn COP) P) EBITDA A (bn bn COP) P)

1.8 .8 2.0 .0 2.4 .4 2.6 .6 3.7 .7 3.8 .8 2011 2012 2013 2014 2015 2016 714 14 731 31 865 905 684 84 1,0 ,031 31 2011 2012 2013 2014 2015 2016

+2% +2% +9% +9% +18% +18% +9% +9% +43% +43% +3%

  • ↑ Spot prices (+27%)
  • Good hydro levels in

reservoirs

  • Higher distribution

revenues (+9%)

  • ↑ Spot sales

(firm energy obligations)

  • + Panama and Costa Rica
  • ↑ Diesel costs
  • ↑ Cost of deviations
  • ↑ Spot prices (+56%)
  • ↑ Generation (+22%)
  • Good hydro levels in

reservoirs

  • Higher distribution

revenues (+9%)

  • ↑ thermal generation (+16%)
  • Steady growth on

distribution revenues (+4%)

  • 1S: Niña | 2S: drought
  • ↓ hydro generation

(-21%)

  • ↑ Spot sales

firm energy obligations

  • ↓ fuel and energy purchases

costs

  • Relevant contribution of

Central America’s assets

+7% +7% +2% +2% +18% +18% +5% +5%

  • 24%

24% +51% +51%

Co Consolid

  • lidated

ated fi financi cial results ults

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SLIDE 18

2012 2012 2013 2013 2014 2014 2015 2015 2016 2016 Dividend (COP billion) 71.958 80.593 86.350 86.350 91.1 .196 96 Total dividend growth rate (%) 11,1% 12,0% 7,1% 0,0% 11,4% Dividend per share 100 112 120 120 130 130 Dividend per share growth rate (%) 11,1% 12,0% 7,1% 0,0% 8,3% Yield 1,87% 1,97% 2,04% 4,29% 3,2 ,21% Payout ratio 31,2% 21,6% 50,6% ND 292% CPI 2,44% 1,94% 3,66% 6,77% 5,75% Dividend / CPI 4,6x 6,2x 2,0x 0,0x 1,4x EBITDA (COP bn) 731 865 905 684 1.031 Net income (COP billion) 230,8 373,6 170,5 (137,0) 33,0 Shares outstanding (million) 719,6 719,6 719,6 719,6 740,0

Key y me meas asures ures

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SLIDE 19

Cr Credit it me metr trics ics

FINANCIG SOURCES BY CURRENCY KEY METRICS

Net debt / EBITDA EBITDA / Financial expenses

  • Av. cost of debt COP
  • Av. cost of debt USD

47% 53% COP USD

3,48x 9,89% 4,50% 2,91x

200 400 600 800 1,000 1,200 1,400 1,600 20172018201920202021202220232024202520262027202820292030203120322033 COP Bn. ZF Celsia EPSA CTC Celsia BLM

38% 52% 4% 6%

Bonos Crédito comercial Crédito multilateral Leasing

Net debt / Equity

2,91x