ISA s investments in Brazil January 30, 2017

Transcription

1 ISA s investments in Brazil January 30, 2017

2 AGENDA 2

3 ISA s Corporate Strategy VISION In 2020, ISA s 2012 profits will be tripled, by capturing the most profitable growth opportunities in its existing businesses in Latin America, boosting operational efficiency and optimizing its business portfolio. ISA s 2012 profits will be tripled NET INCOME x 3.0x relative profitability enhanced significantly 0 CONSOLIDATED INDICATORS 2,9 2,3 2,0 7,4 4,5 5,8 2,9 8, ROE (%) EBITDA (COP (billones billion) $)

4 Profitability as primary strategic goal Profitability as primary strategic goal Business and geographic mix: based on synergies with existing capabilities and assets, mainly in Colombia, Brazil, Peru and Chile Growth: Will depend on the opportunities that meet the desired profitability level. ISA s vocation: value creation through the operation and high quality infrastructure development 1 Capturing growth opportunities with higher profitability 2 Improving profitability of current and core businesses 3 Dynamic adjustment of business and geography portfolio 4

5 AGENDA 5

6 The Colombian Government is the controller with 51,41% of the shares 36,76% is the free float Shareholders Structure December 2016 # SHARES % STATE INVESTORS ,58% THE COLOMBIAN GOVERNMENT ,41% EMPRESAS PÚBLICAS DE MEDELLÍN ,17% COMPANIES WITH PUBLIC AND PRIVATE CAPITAL ,67% EEB ,67% FREE FLOAT ,76% INSTITUTIONAL INVESTORS ,75% FOREIGN INVESTORS ,33% INDIVIDUALS ,09% LEGAL ENTITIES ,55% ISA ADR PROGRAM ,03% SUBSCRIBED AND PAID-IN CAPITAL ,00% 6

7 Strong Corporate Governance in accordance with OECD 1 directives... ISA s Board of Directors Principal Vice Minister General Director of Public Credit and National Treasury Carlos Caballero Argáez Carlos Mario Giraldo Carlos Felipe Londoño Álvarez Jesús Arturo Aristizabal Guevara Henry Medina Gonzalez Santiago Montenegro Trujillo** Camilo Zea Gómez Nominated by: Ministry of Finance and Public Credit Ministry of Finance and Public Credit Independent - nominated by the Nation MHCP Independent - nominated by the Nation MHCP Independent - nominated by the Nation MHCP Independent - nominated by EPM Independent - nominated by Ecopetrol Independent - nominated by Pension Funds Independent - nominated by Pension Funds ** Chairman of the Board 1. OECD: Organization for Economic Co-operation and Development ISA was awarded in 2015 and 2016 the ALAS 2020 prize for best Corporate Governance in Colombia. 7

8 AGENDA 8

9 ISA, a multi-latin corporation with wide presence in most of Latin America 9

10 ISA: Main figures Figures in COP billions Revenues EBITDA Net Income M15 9M M15 9M M15 9M16 Assets Margins Debt 63% 55% 57% 55% 45% 46% 49% 57% 12% 13% 15% 16% M15 9M16 Operating EBITDA Net Excluding construction and RBSE Total financial debt amounts to COP billion in September ,9 3,9 3,9 3,9 3,9 4,0 3,9 3,6 4Q15 1Q16 2Q16 3Q16 Debt / EBITDA *9M16 figures excludes the accounting recognition of the value of the RBSE (Basic Network of the Existing System) 10

11 Availability (%) ISA is the largest international energy carrier in Latin America Revenues 2015 COP 3.776b or USD 1.199m EBITDA Margin: 52,1% ITCO 99,94 Transelca 99,83 REP 99,52 Transmantaro 99,75 ISA Peru 99,83 CTEEP 99,96 ISA Bolivia 99,55 11

12 ISA has other businesses with presence in the region.. Telecommunications The longest wide band fiber optics ring in the continent Revenues 2015: USD 90m EBITDA Margin: 32,1% Toll Roads The largest operator of toll roads in Chile. Revenues 2015: USD 348m EBITDA Margin: 72,4% Energy Control Center (XM) operates the National Interconnected System manages international electricity transactions 12

13 AGENDA 13

14 ISA in Brazil: 10 years of growth in Energy Transmission... EXPANSION BRL 9 billion investments in all regions of the country Participation in 14 of the 19 auctions held until 2012 Adding 5,000 km of transmission lines and 14,650 MVA of transformation capacity * Includes total investment of CTEEP 14

15 ISA ISA in in Brazil: 10 has years been of growing growth... in telecommunications... EXPANSION 1 4 o Brazil Network Rio de Janeiro 3 o Network anchors 2 o3 o NQT Rio acquisition 2016 Submarine cable 5 o Expansion Sao Paulo network 15

16 USD 2,8 billion in investments already committed supports future growth... Figures in COP billions, USD in million Projections: January COLOMBIA PERU BRAZIL CHILE OTHERS COP billion USD million Exchange rate USD 929 million will be in Brazil, including 14,9% of TAESA participation. by country % Brazil 32,8 Colombia 30,5 Chile 22,8 Peru 13,8 Others 0,1 In 2016 ISA resumed the investments in Brazil 16

17 Areas of higher energy consumption in Brazil Population is strongly concentrated in the Southeast and Northeast. Industrial activity is concentrated in the metropolitan areas of SP, RJ, Curitiba, Campinas, Porto Alegre, Belo Horizonte, Manaus, S. Bahia, Recife and Fortaleza. 17

18 CTEEP... Its presence extends to 17 states, with 12 long term concessions and approximately 20 thousand km of lines 18

19 TAESA... Present in almost every Brazilian state, with 33 long term concessions and approximately 11 thousand km of lines Source: TAESA s November 2016 Presentation See ISA s Relevant Information 12/27/

20 Disclaimer ISA has elaborated the following report for information purposes. The company is not responsible for any investment decision made from this report. The statements included therein reflect our current points of view in relation to future events; they are based on assumptions and subject to risks and factors that may cause results, performance and achievements of the company to change at any moment. These factors include general changes in the energy sector, financial conditions, government policies (national and international), as well as variations in interest rates, inflation, volatility in exchange rates, and levels of taxes. As a result of these risks and factors, current results may differ materially from estimates provided. The company does not accept responsibility for any change or information provided by official sources. The user is solely responsible for the use of this information. 20

21 Investor Relations Contact Website Telephone /ISAAvanza Interconexión Eléctrica ISA /CanalISAAvanza 21

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