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©Todos los derechos reservados por Interconexión Eléctrica S.A. E.S.P.
CORPORATEPRESENTATIONAugust, 2014
All rights reserved Interconéxión Eléctrica S.A E.S.P
All rights reserved Interconéxión Eléctrica S.A E.S.P 2
Evolution of ISA
The Colombian Government endorses establishment of ISA to develop high-voltage energy transmission and generation projects.
ISA concludes development of the hydroelectric complex in the Eastern region of Antioquia province: San Carlos, Jaguas and Calderas (1.428 MW).
ISA operates the interconnection
between the country’s central and the Atlantic
coast regions (500 kV).
ISA operates the first regional
integration system at 230 kV
(537 km).
ISA puts in operation
the CentralNetwork 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 Telecommunications and Control Center.
1967
1977
1971
1984
19851982
1988
All rights reserved Interconéxión Eléctrica S.A E.S.P 3
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
international interconnection (230 kV)
Acquisition of 65% of energy transport assets of CORELCA.
Establishment of TRANSELCA (Colombian Atlantic Coast).
The State acquires 51% ownership of ISA.
The Shareholders’ Meeting approves spin-off of ISA and establishment of ISAGEN S.A. E.S.P with the generation assets.
ISA operates the Colombia-Venezuela
international interconnection (230 kV).
Beginning of the Wholesale Energy
Market, the Energy Pool and the Commercial Settlement System.
19911994
1992
1996
19981995
1999
Evolution of ISA
All rights reserved Interconéxión Eléctrica S.A E.S.P 4
First public listing program - ISA, Shares for All. 62.000 new shareholders and 115 million shares sold.
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.
2000
2001
Second offer of shares of the program ISA, Shares for All. 120 million shares sold to 47.000 Colombians.
2002
Evolution of ISA
Construction, in association with Transelectric, of international interconnection at 230 kV between Colombia and Ecuador.
The Peruvian Government awards concession for electric transmission systems (ETECEN and ETESUR). Establishment of Red de Energía del Perú –REP–
All rights reserved Interconéxión Eléctrica S.A E.S.P 5
Evolution of ISA
Beginning of operations of Transnexa, company engaged in telecommunications traffic between Colombia and Ecuador.
Filing of ADR Level I with the United States Securities
and Exchange Commission.
REP concludes construction of Peruvian segment of the
electric interconnection project integrating Peru with Ecuador.
2003
2004
Subscription to the Global Compact promoted by the United Nations.
Establishment of XM, Expert CompanyMarkets S.A. E.S.P. to operate the National Interconnected System and administer the Wholesale Energy Market.
2005
Scheme for International Electricity Transactions –TIE– between Ecuador and Colombia becomes operational.
ISA wins in Bolivia bidding to construct and operate five substations and three energy transmission lines (604 km). Establishment of ISA Bolivia.
Participation in Empresa owner of Red –EPR– (1,830 km of transmission lines at 230 kV in Central America).
All rights reserved Interconéxión Eléctrica S.A E.S.P 6
Arrival to the Brazilian market with purchase of 50,1% of common shares of CTEEP through investment vehicle ISA Capital do Brasil Ltda.
Evolution of ISA
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
2008
2007 2009
Adoption of new corporate visual identity in accordance with the business strategy (linear infrastructure systems).
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.
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 of Directors forma-lizes public offer of common stock (32 million shares through book building).
All rights reserved Interconéxión Eléctrica S.A E.S.P 7
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.
Subscription of incorporation deed of DERIVEX S.A., a subsidiary of XM and the Colombian Stock Exchange that administers the energy-commodities derivatives market.
Formalization with Cintra Infraestructuras S.A., Ferrovial’s highway subsidiary, of sale document to acquire 60% of Cintra Chile Ltda., a company controlling five highway concessions in that country.
INTERNEXA purchases tele-communications connectivity infrastructure in Brazil and Argentina (6.000 km of fiber optics network).
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.
INTERNEXA developed a strategy that will permit it to become the distribution leader in Latin America of relevant digital content.
2010
2011
Evolution of ISA
All rights reserved Interconéxión Eléctrica S.A E.S.P 8
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
2012
2013
Evolution of ISA
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 substations, 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 operatingin the State of Rio de Janeiro, Brazil. The transaction totaled BRL 190 million.
All rights reserved Interconéxión Eléctrica S.A E.S.P 9
Evolution of ISA
2013
ISA and its new role
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.
All rights reserved Interconéxión Eléctrica S.A E.S.P 10
INTERCOLOMBIA, ISA’s new subsidiary, started commercial operations on January 1st.
ISA, leader in pollutant emissions compensation. ISA received the CarbonNeutral Certification for having compen-sa-ted 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 trans-port business, ISA assumes a new environmental and social commitment.
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–.
Fitch Ratings rating agency upheld the AAA (col) rating for ISA’s bond program and the F1+ (col) rating for commer-cial papers. Additionally, Fitch Ratings International upheld the international corporate BBB rating for local and foreign currency. Outlook for all ratings remained Stable.
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 trans-mission lines (195 km approx.) with connection of existing Chinú and Urabá substations.
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 gene-rate 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.
2014
Evolution of ISA
All rights reserved Interconéxión Eléctrica S.A E.S.P 11
Presence in8 countries
4 business units
33 subsidiaries and affiliates
3.821 employees
29.000 kmof fiber opticsin operation
Operation coordinationof 24.457 km
of transmission lines
Mobility control forMedellín and
its five townships
907 kmof road
infrastructurein operation
About Us
41.185 km of high-voltagegrid in operation
6.689 km underconstruction
Transformation inoperation: 76.407 MVA
Transformation underconstruction: 16.070 MVA
All rights reserved Interconéxión Eléctrica S.A E.S.P 12
Business units and companiesISA in Latin America
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
All rights reserved Interconéxión Eléctrica S.A E.S.P 13
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 sharesJune 30, 2014
%
Shareholding as on June 30, 2014
All rights reserved Interconéxión Eléctrica S.A E.S.P 14
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%
Our Partners In the Electric Energy Transport companies
ISA Capital do Brasil S.A. (investment vehicle)
Banco HSBC 17,21%Banco Votorantim 17,21%
CTEEPSão Paulo Secretaria da Fazenda 6,12% Centrais El Bras SA Eletrobras 35,23%Vinci Equities Gestora deRecursos Ltda 3,80%
Brazil
Peru Colombia Central America
Panama
Interligação Elétrica Sul S.A. –IESUL–
CYMI Holding 49,90%
Interligação Elétrica Norte e Nordeste S.A. –IENNE–
CYMI Holding 25,00% ISOLUX Energía 50,00%
REP y TransmantaroEEB 40%
Interconexión Eléctrica Colombia – Panamá S.A.S
ETESA 50%
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 Panamá 11,11% ENDESA Latinoamérica of España 11,11%
CFE of México 11,11%
Interconexión EléctricaColombia - Panamá –ICP–
ETESA 50%
All rights reserved Interconéxión Eléctrica S.A E.S.P 15
Distribution of average payroll
5,8%XM and
subordinatecompany
TRANSELCA
9,9%REP
41,0%CTEEP andaffiliates
4,4%ISA
13,9%INTERCOLOMBIA
9,3%INTERVIAL CHILE
and concessionaires
7,5%INTERNEXA and
subordinatecompanies
0,5%
5,0%
INTERCHILE
0,9%
1,9%
ISA Bolivia
PDI Perú
August, 2014
All rights reserved Interconéxión Eléctrica S.A E.S.P 16
Integrated Management System –SIG–
Business Units
Electric Energy Transport
(1)
*
(1)
*
(1) (1)
ISA
INTERCOLOMBIA
CTEEP
REP
TRANSELCA
ISA Bolivia
PDI
Companies ISO9001
ISO27001
* As on June 2014 (1) “Construction of Infrastructure Projects” process pending
Conventions: Certified Under process
ISO14001
OHSAS18001
Toll-Road Concessions
Real-Time Systems Smart Management
INTERNEXA
INTERVIALCHILE
XM
Telecommunications Transport
Certifications*
All rights reserved Interconéxión Eléctrica S.A E.S.P 17
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
Comprehensive Risk Management
Risk map of ISA and its companies
ISA and its companies identify, evaluate, manage and disclose the main risks they are exposed to
All rights reserved Interconéxión Eléctrica S.A E.S.P 18
Corporate Social Responsibility Commitments to the stakeholders
Associates: Contributing to their integral development
and valuing 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
sustainable developmentand social well-being.
Customers: Sustainable relation, competitive quality
and costs, and reliable communication.
Shareholders: Profitable growth and
creation of value.
All rights reserved Interconéxión Eléctrica S.A E.S.P 19
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 capital market regulations.
Periodic scheduling of meetings of Boards of Directors 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 functions: organization engaged in directing and advising its companies, and ensuring addition of value from and towards them.
Parent-company organizational structure: mechanism 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
All rights reserved Interconéxión Eléctrica S.A E.S.P 20
ISA 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 develop-ment of the societies where it is present.
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 Management towards new services, accessing highly profitable new opportunities in other business areas.
Strategic direction
Mission Strategic pivots
VisionCapture of growth opportunities with superior profitability.
Improvement of current and
core business profitability.
Dynamic adjustment of geography and business portfolio.
All rights reserved Interconéxión Eléctrica S.A E.S.P 21
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 markets where it can be relevant. Operation and main-tenance 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 1.270 USD 666 USD 8.283
USD 477 USD 362 USD 4.513
*Figures in millions of US Dollars. December, 2013.
Business Units
All rights reserved Interconéxión Eléctrica S.A E.S.P 22
Telecommunications Transport
Real-Time Systems Smart Management
The participation of ISA in this business is materialized through INTERNEXA, the carrier’s carrier with the continent’s largest land continuous network. INTERNEXA has developed a strategy that will permit it to be-come 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 In-terconnected System and administration of the Energy Mar-ket in Colombia, including international electricity transactions with Ecuador. In the Traffic and Transport sector, the Medellin Mobility Management Center is operated under alliance be-tween UNE EPM Telecomunicaciones, the ITS Medellín consor- tium 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 77 USD 14 USD 340
*Figures in millions of US Dollars. December, 2013.
Business Units Business Unit Revenue* EBITDA* Assets* Description
All rights reserved Interconéxión Eléctrica S.A E.S.P 23
Electric infrastructure projects under construction
Colombia:395 km of circuits
2.745 MVA of transformation
USD 285 million Brazil:
938 km of circuits 8.200 MVA of
transformation
USD 850 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 oftransformation
USD 625 million
All rights reserved Interconéxión Eléctrica S.A E.S.P 24
Consolidated financial figures
Consolidated income statement at June 2014
Million ofUS Dollars*
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
Market Representative Rate 30/06/2014 (1.881.19)
966.70 495.57 157.23 576.12
59,60%16,26%
212
221220393119
09
76163237
91
All rights reserved Interconéxión Eléctrica S.A E.S.P 25
Consolidated balance sheet at June 2014
Million ofUS Dollars*
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
Market Representative Rate 30/06/2014 (1.881.19)
Consolidated financial figures
All rights reserved Interconéxión Eléctrica S.A E.S.P 26
4.369
2011
Revenue
COP 1.000.000 million
2012 2013
4.303
3.601
3.027 2.903
2.012
1.029 0.9650.5700.337 0.4330.273
EBITDA Net incomeIncome before minority interest
Growth
All rights reserved Interconéxión Eléctrica S.A E.S.P 27
Access to financial markets Financing alternatives
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
ISA’s Public Listing, sale
No. of shares 2001- 115 mm2002- 120 mm
Filing of Level I ADR
NY OTC Market
Stock
Issuance of common shares
No. shares 56 mm
Issuanceof common
shares No. of shares 32 mm
International Project Finance
ISA Peru (USD 40.5
mm)
ISA Bolivia (USD 54 mm)
ISA Bolivia (USD 7 mm)
2012 2013 2014
Bonds and Promissory Notes
Colombia: ISA and Transelca
Peru: REP and CTM
Brazil: CTEEP and Subsidiaries
ISA Capital144A Reg/S USD 554 M
ISA Capital TenderOfferUSD
522.3 M
CTM 144A Reg/S
USD 450 M
Hedgingoperations
ISA SWAP USD 44.3 MUSD 36.5 MUSD 50.1 M
ISACommodities
Raw materials
CTEEPSWAPBRL
101 M -151 M
REPSWAP
PEN 104-77 USD
40-30M
Syndicated and Subordinated Loans
ISA (CTEEP)(USD 550 mm)(USD 148 mm)
TRANS-MANTARO
USD 100 mmUSD 60 mm
RIOSUSD
220 mm
TRANS-MANTARO
USD 90 mm
All rights reserved Interconéxión Eléctrica S.A E.S.P 28
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) Abr. 2014
AAA (Stable) 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
All rights reserved Interconéxión Eléctrica S.A E.S.P 29
Behavior of the stock in the market
Stockmarket indices YTD At June of 2014
Market Capitalization
Market capitalization (COP MM) Market capitalization (COP USD)
10.157.406
5.386
ISA’s MarketCapitalization
At the end of JuneISA had 39.384
shareholders
9th position
MarchHIGH
ISA
Stock quote
ISA 9.100 9.170 2.898 $9.600 $7.330
2013 closing date dec-30
Closing date June, 2014
Minimum quote for 2014
Daily averagemillions
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
All rights reserved Interconéxión Eléctrica S.A E.S.P 30
ISA Accolades
The National General Auditing Office ranks ISA as “Exemplary Company” for having the best Internal Control System.
ISA is recognized by Colombia’s Junior Chamber as the company with best social projection.
Honorable Mention in the ANDESCO Award to Corporate Social Responsibility.
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 forManagement Quality.
ISA is ranked by the Great Place to Work Institute
Colombia as best company to work for among
State entities.
ANALDEX and Proexport honor ISA and CREG with the
Exports National Award, Export Project category, for their
work in the International Electricity Transactions –TIE–.
1990
2002
1998
2006
2003
All rights reserved Interconéxión Eléctrica S.A E.S.P 31
ISA Accolades
ISA was honored with the ANDESCO Corporate Social Responsibility Award for best company, and for best social performance for its ISA-Region program.
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 ANDESCO
Corporate Social Responsibility Award
for its social performance and
corporategovernance.
2009
2012
2011 2013
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, corresponding to low risk, its score in the survey of transparency policies and mechanisms for public utilities conducted by Corporación Transparencia por Colombia.
The Colombian Stock Exchange delivered ISA the “IR Recognition”, an initiative that while ratifying the commitment of the company to the market, implies its increased commitment to a management style based on best practices.
ISA’s Antifraud Code was recognized in the Fourth Round of Good Corporate Transparency Practices, an event led by Corporación 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.
All rights reserved Interconéxión Eléctrica S.A E.S.P 32
Corporate Good Governance Index of the Lima Stock Exchange, an award that symbolizes trust on and recognition to the company in good governance principles.
REP Accolades
Good Corporate Governance Contest – Best Conduct towards Internal and External Environment.
Recognition for Corporate Ethics and Leadership.
National Quality Award.
Social and Environmental
Management CACIER.
Award to its commitment to education.
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.
Distinction as socially
responsible company.
2006
2009
2007
2012
2011 2013
Leading Company in Management Excellence, Gold Category.
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CTEEP Accolades
Quality Award (APIMEC/SP).
Abrasca Criação de Valor – Destaque Setorial
Category: Best model for creation of value for
shareholders of power sector companies.
2008
2009
“Selo Assiduidade APIMEC Ouro 11 Años 2012” of Asociación de Analistas y Profesionales de Inversión del Mercado de Capitales de Brasil –APIMEC–.
2012
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INTERNEXA Accolades
XM Accolades
This company was honored with the ANDESCO award to Corporate Social Responsibility, Best Small Utilities and Telecommunications Company category.
2012
2013
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”.
2013
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.
Capacity Media honored INTERNEXA with the “Capacity Awards 2012 – Best Latin America Wholesale Carrier”, a category recognizing the best carriers’ carrier in the region.
All rights reserved Interconéxión Eléctrica S.A E.S.P 35
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
All rights reserved Interconéxión Eléctrica S.A E.S.P 36
Road Infrastructure
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
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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