corporate presentation - isa presentation august, 2014 ... at 220 kv (174 km), which will ... at 220...
TRANSCRIPT
Corporate Presentation August, 2014
All rights reserved Interconéxión Eléctrica S.A E.S.P
All rights reserved Interconéxión Eléctrica S.A E.S.P
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Evolution of ISA
1995 1996 1998 1999
1988 1991 1992 1994
The Colombian Government endorses establishment of ISA to develop high-voltage energy transmission and generation projects.
ISA operates the interconnection between the coun-try’s central and the Atlantic coast regions (500 kV).
Beginning of the Wholesale Energy Market, the Energy Pool and the Commercial Settle-ment System.
The Shareholders’s Meeting approves legal transfor-mation of ISA into a State Industrial and Commercial Company with authorization to attract private capital.
Venture intothe telecommunica- tions market as carrier’s carrier.
ISA commissions the satellite network and second stage of the fiber optics project.
ISA operates the Colombia - Ecuador interna-tional intercon-nection (230 kV)
Acquisition of 65% of energy transport assets of CORELCA. Establishment of TRANSELCA (Colombian Atlantic Coast).
ISA concludes development of the hydroelectric complex in the Eastern region of Antioquia province: San Carlos, Jaguas and Calderas (1.428 MW).
The State acquires 51% ownership of ISA.
ISA operates the Colombia-Venezuela international interconnection (230 kV).
The Shareholders’ Meeting approves spin-off of ISA and establishment of ISAGEN S.A. E.S.P with the generation assets.
ISA operates the first regional integration system at 230 kV (537 km).
ISA puts in operation the Central Network at 230 kV (537 km).
ISA ventures into the energy generation business.
ISA operatesChivor Hydroelectric Plant (1.000 MW).
ISA commissions the first stage of San Carlos Hydroelectric Plant (620 MW).
ISA operates the National Telecommunica-tions and Control Center.
1967 1971 1977 1982 1984
1985
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Evolution of ISA
2000 2001
First public listing program - ISA, Shares for All. 62.000 new shareholders and 115 million shares sold.
Second offer of shares of the program ISA, Shares for All. 120 million shares sold to 47.000 Colombians.
Filing of ADR Level I with the United States Securities and Exchange Commission.
Subscription to the Global Compact promoted by the United Nations.
Establishment of XM, Compañía de Expertos en Mercados S.A. E.S.P. to operate the National Interconnected System and administer the Wholesale Energy Market.
Participation in Empresa Propietaria de la Red –EPR– (1,830 km of transmission lines at 230 kV in Central America).
REP concludes construction of Peruvian segment of the electric interconnection project integrating Peru with Ecuador.
Beginning of opera-tions of Transnexa, company engaged in telecommunications traffic between Colombia and Ecuador.
Scheme for Interna-tional Electricity Transactions –TIE– between Ecuador and Colombia becomes operational.
ISA wins in Bolivia bidding to construct and operate five substations and three energy trans-mission lines (604 km). Establishment of ISA Bolivia.
Construction, in associa-tion with Transelectric, of international interconnection at 230 kV between Colombia and Ecuador.
The Peruvian Government awards concession for electric transmission sys-tems (ETECEN and ETESUR). Establishment of Red de Energía del Perú –REP–
Entrance to international markets after winning public bidding in Peru to build 373 km of lines and expand substations.
Beginning of commercial operation of INTERNEXA, the telecommunications subsidiary that provides carrier’s carrier services in Colombia.
Installation of Arcos undersea cable to interconnect Colombia with North, Central and South America and the Caribbean (8.600 km of fiber optics).
Filing as economic group with ISA as parent company, Transelca, Internexa and First Mark Communications Co. as subsidiaries, and ISA Perú as affiliate.
2002
2004 2005
2003
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Evolution of ISA
Arrival to the Brazilian market with purchase of 50,1% of common shares of CTEEP through investment vehicle ISA Capital do Brasil Ltda.
Adoption of new corporate visual identity in accordance with the business strategy (linear infrastructure systems).
INTERNEXA purchased 90% of shares of Comunicaciones Intermedias S.A., thus holding title to fiber optics networks and nodes connecting important Chilean cities.
Interconexión Eléctrica Colombia – Panamá S.A. –ICP– starts activities in Panama City, in association with ETESA S.A., seeking to make possible bi-national power integration.
The Board ofDirectors forma-lizes public offer of common stock (32 million shares through book building).
CTEEP is awarded concession of Porto Velho - Araraquara 2 transmission line (2.375 km and 600 kV).
ISA ADRs are quoted on international electronic platform OTCQX.
In association with Empresa de Energía de Bogotá, acquisition of 100% of share capital of Consorcio Transmantaro, a Peruvian energy transmission company.
Consolidation of CTEEP ownership with 89,40% of common shares and 37,46% of total capital of the company.
Internationalization of telecommunications business begins with establishment of INTERNEXA Perú S.A.
The Board of Directors formalizes public offer of common stock (56 million shares through book building).
2006 2007
2008 2009
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The State, represented by INCO, and ISA subscribe contract to develop the Autopistas de la Montaña project. ISA shall conduct studies and develop four road corridors about 1.000 km long.
ISA arrives to the Chilean electric energy transport market after winning three projects totaling 743 km of 500 kV double-circuit lines. Incorporation of INTERCHILE
ISA won a new bid in Peru to design, finance, build, operate and maintain the Mantaro – Marcona – Socabaya – Montalvo transmission line at 500 kV (920 km) and its associated substa-tions, the largest concession ProInversión had granted to this date. This project will be executed by Transmantaro.
In Chile, ISA was awarded a new public international bid to design, finance, build, operate and maintain the Encuentro – Lagunas project at 220 kV (174 km), which will strengthen the Chilean power system in the country’s North improving service quality and reliability. The new project will be undertaken by INTERCHILE.
As part of its expansion strategy to complement its value offer and expand its customer portfolio, INTERNEXA S.A., a subsidiary of ISA, acquired an information transport network company currently operating in the State of Rio de Janeiro, Brazil. The transaction totaled BRL 190 million.
XM and ISA incorporate Sistemas Inteligentes en Red S.A.S. to carry out activities related to management, operation and administration of a mobility management center for Medellin City.
ISA purchases remaining 40% of INTERVIAL CHILE.
Subscription ofincorporation deedof DERIVEX S.A., a subsidiary of XM andthe Colombian Stock Exchange that administers the energy-commodities derivatives market.
Formalization with Cintra Infraestructuras S.A., Ferrovial’s highway subsidiary, of sale docu-ment to acquire 60% of Cintra Chile Ltda., a company controlling five highway concessions in that country.
INTERNEXA purchases tele-communications connectivity infrastructurein Brazil and Argentina (6.000 km of fiber optics network).
INTERNEXA developed a strategy that will permit it to become the distribution leader in Latin America of relevant digital content.
Evolution of ISA
2010
2012 2013
2011
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ISA started in 2013 a Strategic Update process which separated the corporate strategic issues in one parent company, –ISA–, and those related to operation and maintenance in one subsidiary –INTERCOLOMBIA– that will be engaged in energy transport in the country.
ISA, as corporate center, will focus on the functions of guiding the group’s actions, profitably administering the portfolio of growth opportunities, defining the big corporate choices, providing competitive guidance to the companies, and establishing the action framework that will characterize the management and practices to be applied in relevant processes.
INTERCOLOMBIA, ISA’s new subsidiary, started commercial operations on January 1st.
Evolution of ISA
ISA and its new role2013
2014
ISA wins in Peru a new public bidding to design, finance, construct, operate and maintain a 16.9 km transmission line at 220 kV to be executed by Consorcio Transmantaro –CTM–.
ISA, leader in pollutant emissions compensation. ISA received the CarbonNeutral Certification for having compensated its emission of greenhouse gases during 2012 through bonds purchase to South Pole Carbon, a world leader in carbon compensation. By compensating its carbon footprint in the energy transport business, ISA assumes a new environmental and social commitment.
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Fitch Ratings rating agency upheld the AAA (col) rating for ISA’s bond program and the F1+ (col) rating for commercial papers. Additionally, Fitch Ratings International upheld the international corporate BBB rating for local and foreign currency. Outlook for all ratings remained Stable.
REP successfully placed corporate bonds for USD 20 million in the Peruvian capital market.
ISA’s company REP inaugurated an energy transmission mega work in Peru. The 325 km Trujillo-Chiclayo transmission line at 500 kV was executed by Consorcio Transmantaro.
Moody’s Investors Service improved from Baa3 to Baa2 ISA’s issuer ratings. Simultaneously, Moody’s increased ISA’s basis for credit assessment –BCA– from Baa3 to Baa2. Outlook is stable.
ISA won in Lima a new public bidding that will generate USD 5.7 million annual revenue. It comprises a 90.5 km electric line at 220 kV and a new substation at 220/60 kV. Consorcio Transmantaro –CTM– will execute the project.
ISA won public bidding opened by UPME for the design, procurement, construction, operation and maintenance of the connection of the Reforma substation to the Guavio – Tunal 230 kV circuit, approximately 1 km in length.
UPME awarded ISA, subject to revision by CREG, the project for the design, procurement, construction and maintenance of the Montería Substation at 230 kV and its associated transmission lines (195 km approx.) with connection of existing Chinú and Urabá substations.
2014
Evolution of ISA
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About Us
Presence in8 countries
4 business units
33 subsidiaries and affiliates
3.821 employees
41.185 km of high-voltage grid in operation
6.689 km underconstruction
Transformation inoperation: 76.407 MVA
Transformation underconstruction: 16.070 MVA
29.000 kmof fiber optics in operation
Operation coordination of 24.457 km
of transmission lines
Mobility controlfor Medellín andits five townships
907 km of roadinfrastructurein operation
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ISA in Latin America Business units and companies
ELECTRIC ENERGY TRANSPORT
TELECOMMUNICATIONS TRANSPORT
ROAD CONCESSIONS
SMART MANAGEMENT OF REAL TIME SYSTEMS
INVESTMENT VEHICLE
ECONOMIC GROUP
Internexa
EPR, ISA’s investment (11,11%)Interconexión Eléctrica Colombia - Panamá,ISA investment (50%)REDCA, ISA’s investment (11,11%) through INTERNEXASistemas Inteligentes en Red
INTERCOLOMBIAISA
TRANSELCAINTERNEXA
XM
Derivex, 49,95% investmentthrough XM and 0,025%
through INTERNEXA
IEMGCTEEP
PINHEIROSSERRA DO JAPIEVRECYINTERNEXANQTIPNETISA Capital do BrasilINTERNEXA Participações
INTERCHILEINTERNEXA
INTERVIAL CHILERuta del MaipoRuta del Maule
Ruta del BosqueRuta de la Araucanía
Ruta de los RíosISA Inversiones Chile
ISA Inversiones Maule
ISA BoliviaProyectos de
Infraestructura del PerúINTERNEXA
REPTransmantaro
ISA Perú
TRANSNEXA,5% investment through
INTERNEXAand 45% through INTERNEXA (Perú)
COLOMBIA
ARGENTINA
CENTRAL AMERICA
BOLIVIA
BRAZIL
PERU
ECUADOR
CHILE
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Our shareholders
Investors
State investors 682.078.108 61,58
The State 569.472.561 51,41
EPM 112.605.547 10,17
State and private capital investors 77.373.530 6,99
ECOPETROL S.A. 58.925.480 5,32
Empresa de Energía de Bogotá 18.448.050 1,67
Private investors 348.226.256 31.44
Institutional investors 207.425.511 18,73
Individuals 67.884.572 6,13
Legal entities 12.988.430 1,17
Foreign Investment Funds 58.872.193 5,31
ISA ADR Program 1.055.550 0,10
Outstanding subscribed and paid share capital 1.107.677.894 100,00%
Number of shares %
Shareholding as on June 30, 2014
June 30, 2014
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Our Partners In the Electric Energy Transport companies
Peru:REP y Transmantaro EEB 40%
Interligação Elétrica Norte e Nordeste S.A. –IENNE– CYMI Holding 25,00% ISOLUX Energía 50,00%
Interligação Elétrica Sul S.A. –IESUL– CYMI Holding 49,90%
Interligação Elétrica do Madeira S.A. –IEMADEIRA– Furnas Centrais Elétricas S.A –Furnas 24,50% Companhia Hidro Elétrica do São Francisco –CHESF 24,50%
Interligação Elétrica Garanhuns S.A. –IEGARANHUNS– Companhia Hidro Elétrica do São Francisco – CHESF 49,00%
CTEEP São Paulo Secretaria da Fazenda 6,12% Centrais El Bras SA Eletrobras 35,23% Vinci Equities Gestora de Recursos Ltda 3,80%
ISA Capital do Brasil S.A. (investment vehicle) HSBC Bank 17,21% Votorantim Bank 17,21%
Interconexión Eléctrica Colombia - Panamá –ICP–
ETESA: 50%
Interconexión Eléctrica Colombia – Panamá S.A.S
ETESA: 50%
Panama:Colombia:
Brazil:
Central America:EPR INDE of Guatemala 11,11% CEL and ETESAL of El Salvador 11,11% ENEE of Honduras 11,11% ENATREL of Nicaragua 11,11% ICE of Costa Rica 11,11% ETESA of Panama 11,11% ENDESA Latinoamérica of Spain 11,11%
CFE of Mexico 11,11%
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Distribution of average payroll August, 2014
5,8%XM and
subordinatecompany
TRANSELCA
9,9%REP
41,0%CTEEP andaffiliates
4,4%ISA
13,9%INTERCOLOMBIA
9,3%INTERVIAL CHILEand concessionaires
7,5%INTERNEXA and
subordinatecompanies
0,5%
5,0%
INTERCHILE
0,9% 1,9%ISA Bolivia PDI Perú
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Integrated Management System –SIG–
* As on June 2014
(1) “Construction of Infrastructure Projects” process pending
Business Units
Conventions: Certified Under process
Companies ISO9001
ISO27001
ISO14001
OHSAS18001
Certifications*
Electric Energy Transport
(1)
*
(1)
*
(1) (1)
ISA
INTERCOLOMBIA
CTEEP
REP
TRANSELCA
ISA Bolivia
PDI
Toll-Road Concessions
Real-Time Systems Smart Management
INTERNEXA
INTERVIALCHILE
XM
Telecommunications Transport
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Comprehensive Risk Management
Risk map of ISA and its companies
Strategic Risks Financial Legal and regulatory Reputational Human capital Breach of contract Governance Growth
Environmental Risks Natural phenomenaSocio-political
Operating Risks Human andprocedural errors Equipment faults and failures Road infrastructure failures TIC unavailability Fraud Environmental Land and easement management
ISA and its companies identify, evaluate, manage and disclose the main risks they are exposed to
OperatingRisks
Strategic Risks
Environmental Risks
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Corporate Social Responsibility
Shareholders: Profitable growth and crea-tion of value.
Associates: Contributing to their inte-gral development and va-luing their contribution to the organization.
Suppliers: Transparency, equity and clear rules.
State: Respect and promote the rule of law.
Society: Respect for human rights, efficiency and quality of services, timely disclosure of public-interest information, and contribution to sus- tainable development and social well-being.
Customers: Sustainable relation, com-petitive quality and costs, and reliable communica-tion.
Commitments to the stakeholders
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Good Corporate Governance
Good Governance Practices
Boards of Directors and Administration Councils abide by local regulations and comply with the propor-tion for independent members prescribed by capi-tal market regulations.
Periodic scheduling of meetings of Boards of Di-rectors and Administration Councils: mechanisms for reporting and accountability.
Strict and transparent compliance with obligations to society and its government.
Respect for the rights of minority shareholders and creditors.
Disclosure, awareness and interiorization of the corporate framework: mission, vision, values, code of ethics, policies, guidelines, corporate guides, Good Governance Code, etc.
Express definition of how to handle conflicts of interest.
Parent Company focused on exercising its func-tions: organization engaged in directing and advising its companies, and ensuring addition of value from and towards them.
Parent-company organizational structure: mecha-nism that promotes agility, flexibility, exchange of knowledge, capture of synergies and scale economies.
Corporate-scope committees: mechanisms that comprehensively ensure alignment, strategic coherence and exchange of good practices between the parent company and its companies.
Guidelines for achieving unit of purpose and direction permitting optimal use of resources to contribute to efficiency and profitability.
Corporate Governance Management Governance
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MissionISA has as its mission the highly efficient development and operation of linear infrastructure systems where it has differential capacities and advantages based on the advancement of its human talent and innovation capacity to create value for its shareholders and other stakeholders and contribute to the sustainable development of the societies where it is present.
Strategic pivots
Vision In the year 2020, ISA will have tripled its earnings by capturing the most profitable growth opportunities in its current business areas in Latin America, promoting operational efficiency and optimizing its business portfolio.
ISA’s profitability will be higher than the cost of its equity, a trend sustainable along time.
In the Energy Transport Business Unit, ISA will remain as the operator with the largest presence in Latin America, will consolidate its position in the region and will reach levels of operational efficiency that are consistent with worldwide best practices.
In the Road Concessions Business Unit, ISA will seize regional opportunities, focusing on Colombia.
In the Telecommunications Transport Business Unit, ISA will consolidate its leadership as an independent transporter in Latin America and will have developed an IP ecosystem in the region.
ISA will expand its Real-Time Systems Smart Manage-ment towards new services, accessing highly profitable new opportunities in other business areas.
Capture of growth opportunities with superior profitability.
Improvement of current and core business profitability.
Dynamic adjustment of geography and business portfolio
Strategic direction
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Business Units
Business Unit
EnergyTransport
Toll-RoadConcessions
Revenue* EBITDA* Assets*Description
ISA, through its companies, operates and maintains its electric energy network with high levels of availability, reliability and quality. The business unit’s management is supported on strict and outstanding processes, safe to people, and both environmentally balanced and socially responsible.
ISA structures, designs, constructs, operates, main-tains, and exploits urban and interurban roads in mar-kets where it can be relevant. Operation and mainte-nance are performed according to standards previously established by the business regulators in each of the countries where ISA is present and are based on processes that guarantee operational excellence and safety for users.
USD 1.276 USD 666 USD 8.283
USD 477 USD 362 USD 4.513
*Figures in millions of US Dollars. December, 2013.
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Business Units
Telecommunica-tions Transport
Real-Time Systems Smart Management
The participation of ISA in this business is materialized through INTERNEXA, the carrier’s carrier with the conti-nent’s largest land continuous network. INTERNEXA has developed a strategy that will permit it to become the distribution leader in Latin America of relevant digital content. Accordingly, INTERNEXA has consolidated as a unique provider that allows access to the most sought-after contents by Latin American users in a direct and integrated manner.
The power sector relies on the operation of the National Interconnected System and administration of the Energy Market in Colombia, including international electricity transactions with Ecuador. In the Traffic and Transport sector, the Medellin Mobility Management Center is operated under alliance between UNE EPM Telecomuni-caciones, the ITS Medellín consortium and XM. In the financial sector, together with the Colombian Stock Exchange, ISA participates in DERIVEX, the company that administers the energy-commodities derivatives market.
USD 45 USD 3 USD 133
USD 71 USD 14 USD 340
*Figures in millions of US Dollars. December, 2013.
Business Unit Revenue* EBITDA* Assets*Description
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Electric infrastructure projects under construction
Colombia:395 km of circuits 2.745 MVA of transformation
USD 285 million
Chile:1.795 km of circuits
USD 1.000 million
Central America:Partner in EPR (11,11%)
36 km of circuits
Peru:1.680 km of circuits 1.975 MVA of transformation
USD 625 million
Brazil:938 km of circuits 8.200 MVA of transformation
USD 850 million
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Consolidated financial figures
Consolidated income statement at June 2014
Million ofUS Dollars*
Market Representative Rate 30/06/2014 (1.881.19)
Revenue Operating costs and expenses EBITDA EBITDA MarginNet IncomeNet Margin
Revenue by country Brazil Colombia Peru Chile Bolivia Argentina
EBITDA by country Brazil Colombia Peru Chile Bolivia Argentina
966.70 495.57 157.23 576.12
59,60%16,26%
212
221220393119
09
7616323791
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Consolidated financial figures
Consolidated balance sheet at June 2014
Million ofUS Dollars*
Market Representative Rate 30/06/2014 (1.881.19)
Assets 13.527
Liabilities 7.530
Equity 2.073
Minority interest 3.924 Assets by country Argentina 6
Bolivia 59
Brazil 3.506
Chile 4.341
Colombia 4.076
Peru 1.539
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COP 1.000.000 million
Growth
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Access to financial markets Financing alternatives
Bonds and Promissory
Notes
Colombia: ISA and Transelca
Peru: REP and CTM
Brazil: CTEEP and Subsidiaries
ISA Capital144A Reg/S
USD 554 mm
ISA’s Public Listing, sale
No. of shares 2001- 115 mm2002- 120 mm
Filing of Level I ADR
NY OTC Market
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Stock
Hedgingoperations
International Project Finance
Syndicated and
Subordinated Loans
Issuance of common shares
No. shares 56 mm
Issuanceof common
shares No. of shares 32 mm
ISA SWAP USD 44.3 mmUSD 36.5 mmUSD 50.1 mm
ISA Peru (USD 40.5 mm)
ISA Bolivia (USD 54 mm)
ISA Bolivia (USD 7 mm)
ISA (CTEEP)(USD 550 mm)(USD 148 mm)
2012 2013 2014
ISA Capital TenderOfferUSD
522.3 mm
CTM 144A Reg/S
USD 450 mm
ISACommodities
Raw materials
CTEEPSWAPBRL
101 mm -151 mm
REPSWAP
PEN 104-77 USD
40-30 mm
TRANS-MANTARO
USD 100 mmUSD 60 mm
RIOSUSD
220 mm
TRANS-MANTARO
USD 90 mm
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Credit risk ratings
(*) Rating for bonds issued in each country.
ISA
BBB (Stable)Jul. 2013
Baa3 (Stable) Dec. 2013
Baa3 (Stable) Investment grade
Apr. 2014
BBB- (Stable) Apr. 2014
BBB (Stable) May. 2014
F1+May. 2014
AAA (Stable) May. 2014
AAA (Stable) Apr. 2014
AA+ (Stable) Aug. 2013
AA+ (Stable) Aug. 2013
A- (Stable) Dec. 2013
BB+ (Stable) Aug. 2013
AA - (Stable) Aug. 2013
BBB- (Stable) Aug. 2013
BBB- (Stable) Apr. 2013
Baa3 (Stable) May. 2014
A (Stable) Jun. 2014
AAA (Stable) Apr. 2014
AAA (Estable) Apr. 2014
A (Stable) Jun. 2014
A (Stable) Jun. 2014
BB+ (Stable) Jun.2014
BBB- (Stable) Jun.2014
Baa2 (Stable) May. 2014
Baa3 (Stable) Dec. 2013
TRANSELCA
CTEEP
REP
Ruta del MAIPO
Ruta del MAULE
Ruta del BOSQUE
TRANSMANTARO
ISA CAPITAL DO BRASIL
S&PCOMPANY Ratingtype
Corporate
Corporate
Corporate
Domestic Bond Issues
Commercial papers
Domestic Bond Issues
National rating
International Bond Issues
Bond Issues
International Bond Issues
Bond Issues
Bond Issues
Bond Issues
Bond Issues
MOODY´S FITCH FELLER-RATE EQUILIBRIUMAPOYO Y ASOCIADOS
PACIFICCREDIT RATING
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Behavior of the stock in the market
Stockmarket indices YTD At June of 2014 ISA’s Market
Capitalization
At the end of JuneISA had 39.384
shareholders
9th position
March HIGH
Stock quote
Market Capitalization
ISA 9.100
Market capitalization (COP MM) Market capitalization (COP USD)
10.157.4065.386
9.170 2.898 $9.600 $7.330
2013 closing date dec-30
Closing date June, 2014
Minimum quote for 2014
Daily averagemillions
ISA
Maximum quotefor 2014
May 23, 2014
Minimum quotefor 2014
February 20,2014
ISA (0,2%) COLCAP (5,4%)
S&P (7,6%)MSCI EM Latin America (10,6%)
15%
10%
5%
0%
-5%
-10%
-15%
-20%
-25%
Valu
atio
n%
31-Dec 30-Jan 1-Mar 31-Mar 30-Apr 30-May 29-Jun
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ISA Accolades
ISA is recognized by Colombia’s Junior Chamber as the company with best social projection.
ISA is ranked by the Great Place to Work Institute Colombia as best company to work for among State entities.
Honorable Mention in the ANDESCO Award to Corporate Social Responsibility.
ANALDEX and Proexport honor ISA and CREG with the Exports National Award, Export Project category,for their work in the InternationalElectricity Transactions –TIE–.
The Ministry of Environment awards ISA the National EnvironmentalAward.
The Presidency of the Republic and the Ministry of Economic Development grant ISA the Colombian Award for Management Quality.
The National General Auditing Office ranks ISA as “Exemplary Company” for having the best Internal Control System.
1990
2003 2006
1998 2002
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Along the Latin American Investor Relations Awards, ISA won first place in the “Best Investors Website” category and third place in the “Best Annual Report for Investors” and “Best Disclosure of Financial Results” categories.
ISA was honored with the ANDESCOCorporate Social Responsibility Award for best company, and for best social performance for its ISA-Region program.
The Colombian Stock Exchange –BVC– recognized ISA as the company with the longest term for bond underwriting.
ISA improved by 2 points, from 92 to 94, out of 100, correspon-ding to low risk, its score in the survey of transparency policies and mechanisms for public utilities con-ducted by Corporación Transparencia por Colombia.
The Colombian Stock Exchange delivered ISA the “IR Recogni-tion”, an initiative that while ratifying the commitment of the company to the market, implies its increased commit-ment to a manage-ment style based on best practices.
ISA’s Antifraud Code was recognized in the Fourth Round of Good Corporate Transparency Practices, an event led by Corpo-ración Transparencia por Colombia. This good practice adopted by the corporation since 2011, formalizes the strategic will of ISA and its Latin American companies regarding fraud.
ISA was honored with the ANDESCOCorporate Social Responsibility Awardfor its social performance andcorporate governance.
ISA Accolades
2009
2012 2013
2011
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REP Accolades
Good Corporate Governance Contest – Best Conduct towards Internal and External Environment.
Recognition for Corporate Ethics and Leadership.
The company obtained the ABE Seal from Asociación de Buenos Empleadores, sponsored by the American Chamber of Commerce in Peru, which recognizes companies that stand out for their labor practices.
Award to its commitment to education.
Corporate Good Governance Index of the Lima Stock Exchange, an award that symbolizes trust on and recognition to the company in good governance principles.
Distinction as socially responsible company.
National Quality Award.
Social and Environmental Management CACIER.
Leading Company in Management Excellence, Gold Category.
2006 2007
2009 2011 2012
2013
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CTEEP Accolades
INTERNEXA Accolades
XM Accolades
Quality Award (APIMEC/SP).
Metro Ethernet Forum –MEF– awarded INTERNEXA the MEF 2012 awards in three categories: best carrier ethernet business application, best wholesale ethernet service y regional service provider of the year.
This company was honored with the ANDESCO award to Corporate Social Responsibility, Best Small Utilities and Telecommunications Company category.
For third year in a row, the company was named by Metro Ethernet Forum as “Best Regional Service Provider of the Year” and “Best Wholesale Ethernet Service Provider”.
Capacity Media honored INTERNEXA with the “Capacity Awards 2012 – Best Latin America Wholesale Carrier”, a category recognizing the best carriers’ carrier in the region.
Abrasca Criação de Valor – Destaque Setorial Category: Best model for creation of value for shareholders of power sector companies.
“Selo Assiduidade APIMEC Ouro 11 Años 2012” of Asociación de Analistas y Profesionales de Inversión del Mercado de Capitales de Brasil –APIMEC–.
2008 2009 2012
2012 2013
2013
31All rights reserved Interconéxión Eléctrica S.A E.S.P
Electric Infrastructure
CENTRAL AMERICA
COLOMBIA
CHILE
BOLIVIA
PERU
Guate NorteGuate Este
El Cajón
Parrita
PalmarNorte
Veladero
Santa Marta
TermocolEl Bosque
TalaraPiura
Chiclayo
TrujilloTocache
PomacochaCarhuamayo
Machu PicchuAbancay
Cotaruse
Zapallal
Santivañez
CarrascoArboleda
Urubó
Punutuma
Sucre
LagunasEncuentro
Mantaro
Marcona
SocabayaMontalvo
Jandira
Curitiba
Neves 1Araraquara
MesquitaGov Valadares Mascarenhas
El SaltoItapeti
Scharlau
N.S. Rita
Joinville NorteJorge Lacerda B
Sideropolis
Porto VelhoColina
São Joãodo Piaui
Panamá
Sogamoso
Garanhuns
CardonesMaitencillo
Pan de Azúcar
Polpaico
BRAZIL
Country Company Operational circuit km
Colombia: ISA 10.369 TRANSELCA 1.586Peru: REP 6.230 Transmantaro 2.795 ISA Perú 393Bolivia: ISA Bolivia 587Brazil: CTEEP 18.893 IEMG 172 PINHEIROS 6 EVRECY 154 Total 41.185
Country Company Transformation MVA
Colombia: ISA 12.620 TRANSELCA 3.848Peru: REP 2.747 Transmantaro 4.925 ISA Perú 235Bolivia: ISA Bolivia 370Brazil: CTEEP 45.712 PINHEIROS 3.900 SERRA DO JAPI 1.600 EVRECY 450 Total 76.407
TRANSMISSION LINES IN OPERATION
TRANSMISSION LINES UNDER EXECUTION
TRANSMISSION LINES UNDER STUDY
INTERNATIONAL INTERCONNECTION
32All rights reserved Interconéxión Eléctrica S.A E.S.P
Country Concessions Road km in operation
Chile: Ruta del Maipo 237 Ruta del Maule 193 Ruta del Bosque 161 Ruta de la Araucanía 144 Ruta de los Ríos 172
Total: 907
CHILE
SANTIAGOTalca
ChillánCollipulliTemuco
Río Bueno
ROAD INFRASTRUCTUREIN OPERATION
SANTIAGOTalca
ChillánCollipulliTemuco
Río Bueno
Road Infrastructure
33All rights reserved Interconéxión Eléctrica S.A E.S.P
Connectivity Infrastructure for Telecommunications
ACTUAL NETWORK
FUTURE NETWORK
UNDERSEA CABLE
Country Company Optic fiber km In operacion
Colombia INTERNEXA 6.680Peru INTERNEXA 4.674Chile INTERNEXA 2.377Brazil INTERNEXA 6.811Argentina Internexa 2.577Ecuador TRANSNEXA 2.413Venezuela In association with local operator 1.977Central America 1.800
Total 29.309
Ecuador
Brazil
Colombia
Argentina
Chile
Peru
Venezuela
Caracas
Miami
Bogotá
Lima
Quito
Buenos AiresSantiago
Gran Sao Paulo
Central america
Río de Janeiro
Campos
Macaé
Magé
São Gonçalo
Itaboraí Río das Ostras
Duquede Caixas
Sâo Pedro da AldeiaCabo Frio
Araruama
Petrópolis
Teresópolis
Friburgo
Macabú
Saquarema
Maricá
Niteroi
Río de Janeiro