financial results second quarter 2017 - páginas - isa results second quarter 2017 ... projects in...

© ALL RIGHTS RESERVED BY INTERCONEXION ELECTRICA S.A. E.S.P© ALL RIGHTS RESERVED BY INTERCONEXION ELECTRICA S.A. E.S.P

Financial ResultsSecond Quarter 2017August 10, 2017

© ALL RIGHTS RESERVED BY INTERCONEXION ELECTRICA S.A. E.S.P

FINANCIALRESULTS 2Q17

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Disclaimer

ISA has elaborated the following report for information purposes. The company is notresponsible for any investment decision made from this report. The statementsincluded therein reflect our current points of view in relation to future events; they arebased on assumptions and subject to risks and factors that may cause results,performance and achievements of the company to change at any moment. Thesefactors include general changes in the energy sector, financial conditions, governmentpolicies (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 fromestimates provided. The company does not accept responsibility for any change orinformation provided by official sources. The user is solely responsible for the use ofthis information.


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AGENDA

2Q17 Financial Results

Highlights

Q&A

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Financial ResultsFigures in COP billions

FINANCIAL

Basic Network of the Existing Service (RBSE) updating values in Brazil.

Construction revenues for COP 182 billion.

OPERATIONAL

Revenues from new projects in operation in Colombia and Peru.

Capex and Investments for the quarter COP 1,158 billion.

2Q17

Operational Revenues

COP 1.980

EBITDA

COP 1.340Margin 68%

Margin excluding construction 75%

Net Income

COP 363Margin 18%

Margin excluding construction 20%

6M17

COP 3.623

COP 2.29463%

71%

COP 60317%

19%

CONSOLIDATED FIGURES



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RevenuesFigures in COP billions

Revenues from projects in operation in Colombia, Chile and Peru

Positive tariff adjustments in revenues from Brazil in this period

RBSE updating values in ISA CTEEP

2Q17

2Q17

COP 1.622COP 1.980

COP 3.164COP 3.623

2Q16 2Q17 6M16 6M17

QuarterTotal: 22%Operation + RBSE: 44%Construction: -51%

SemesterTotal: 15%Operation + RBSE: 29%Construction: -39%

VARIATIONS

Colombia27,0%

Chile14,9%

Brazil45,1%

Peru11,7%

Others1,3%

Energy 78,9%

Roads14,5%

Telco4,8%

MRTS1,8%



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Costs and operating expensesFigures in COP billions

Wealth tax less expenditure in Colombia

Less provision for labor contingencies in Brazil

2Q17

2Q17

Colombia48,2%

Chile11,7%

Brazil20,4%

Peru18,0%

Others1,8%

Energy 71,6%

Roads10,5%

Telco13,1%

MRTS4,9%

COP 970COP 781

COP 1.887COP 1.626

2Q16 2Q17 6M16 6M17

QuarterTotal: -20%Operation: -3%Construction: -48%

SemesterTotal: -14%Operation + RBSE: -1%Construction: -38%

VARIATIONS



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Figures in COP billions

EBITDA

2Q17

2Q17

EBITDA Margin

QuarterTotal: 68%

SemesterTotal: 46%

VARIATIONS

COP 797COP 1.340

COP 1.576

COP 2.293

2Q16 2Q17 6M16 6M17

Colombia20,4%

Chile15,4%

Brazil50,5%

Peru12,5%

Others1,3%

Energy 82,0%

Roads15,3%

Telco2,0%

MRTS0,7%

49,1%

67,7%

65,50%71,5%

2Q16 2Q17Total Excluding construction, RBSE update and contributions



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Financial expensesFigures in COP billions

Less expenses in Colombia and Chile linked to the macroeconomic variables.

More expenses from exchange difference in Peru.

2Q17

2Q17

QuarterTotal: -18%

SemesterTotal: -8%

VARIATIONS

Colombia13,8%

Chile51,9%

Brazil22,1%

Peru11,6%

Others0,7%

-250

5.261

112.224

105.189

MRTS

Telco

Roads

Energy

COP 270COP 222

COP 511COP 471

2Q16 2Q17 6M16 6M17



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Colombia33,1%

Chile16,9%

Brazil37,2%

Peru10,4%

Others2,4%

Net incomeFigures in COP billions

2Q17

2Q17

Net Margin

QuarterTotal: 84%

SemesterTotal: 55%

VARIATIONS

12,218,3

15,420,5

2 Q 1 6 2 Q 1 7

Total Excluding construction, RBSE update and contributions

COP 198

COP 363 COP 390

COP 603

2Q16 2Q17 6M16 6M17

2.176

3.537

64.830

292.592

MRTS

Telco

Roads

Energy



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38.516

41.664

21.60524.234

7.0487.325

9.864

10.106

2016 2Q17

Assets Liabilities Minority interest Equity

Colombia19,0%

Chile25,4%

Brazil39,7%

Peru15,4%

Others0,5%

Energy 77,6%

Roads19,9%

Telco2,2%

MRTS0,3%

Balance SheetFigures in COP billions

Assets by business

Assets by country

+2,5%

+3,9%

+12,2%



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DebtFigures in COP billion

By currencyBy source

* From 3Q16 excludes RBSE recognition

3,9 3,9 3,9 4,0 4,5

3,9 3,6 3,7 3,7

3,8

2Q16 3Q16 4Q16 1Q17 2Q17

Debt / EBITDA EBITDA / Interest

Capital Market60%

Banks40%

BRL14,9%

COP22,3%

USD31,4%

UF + CLP

31,4%

2016 TOTALDEBT

CHILE COLOMBIA BRAZIL PERÚ BOLIVIA ARGENTINA CONFERTIONEFFECT

JUNE 2017TOTAL DEBT

COP 1.735

COP 12.829 COP 306

COP 720

COP 455 COP 262 COP -7 COP -0,3 COP 186 COP 14.750



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CapexFigures in COP billions

2017 – 2021 Investments COP 11.911 billion

Breakdown by country

%

Brazil 39,8%

Colombia 31,7%

Chile 17,6%

Peru 10,9%

Otros 0,0%

Breakdown by business

%

Energy 87,7%

Telco. 7,8%

Roads 2,7%

MRTS 1,8%

2Q17 investmentsCOP 1.104 billion

COP 4.835

COP 2.856

COP 1.616 COP 1.828

COP 776

2017 2018 2019 2020 2021

Brazil Colombia Chile Peru Others

53.6414,6%

772.83966,7%

137.16611,8%

194.00016,8% Brazil

Colombia

Chile

Peru



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Cuestecitas

Copey

Fundación

Highlights

ISA won a new energy transmission project in Chile

New Autotransformers bank 1x750 MVA500/220 kV in S/E Nueva Cardones, S/E Nueva

Maitencillo and S/E Nueva Pan de Azúcar

Fitch ratified ratings

AAA (Col) for Bonds, F1+ for commercial papers and BBB+ for foreign and local currency long term credit.

Santiago

900 km

Atacama

Coquimbo

ISA won two energy transmission projects in Colombia.

1. Copey-Cuestecitas 500 kV and Copey-Fundación 220 kV lines

2. Bosque transformer bay.

Copey

Fundación

Awards

ISA PERU: Socially Responsible Company, Peru 2021 ISA CTEEP: Brazil's leading energy company

© ALL RIGHTS RESERVED BY INTERCONEXION ELECTRICA S.A. E.S.P© ALL RIGHTS RESERVED BY INTERCONEXION ELECTRICA S.A. E.S.P

www.isa.coINTERCONEXIÓNELÉCTRICA S.A E.S.P.NIT: 860.016.610 - 3

Calle 12 Sur 18 - 168 Medellín, ColombiaPhone: +57 4 3252270 | Fax: +57 4 3170848 A.A. 8915

Carrera 69 25B - 44, 10th floor, Bogotá, ColombiaPhone: +57 1 4165596 | Fax: +57 1 4165398A.A. 55063

Contacts• Carlos Alberto Rodríguez L.• CFO

• Gloria Cecilia Velásquez T.• Investor Relations

• [email protected]

mailto:[email protected]

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