Interconexion Electrica Sa Esp · BVC:ISA
Interconexion Electrica Sa Esp — Investor Presentation (March 2019)
26 slides from Interconexion Electrica Sa Esp's investor presentation, March 2019
Slide 1: Corporate Presentation
CONNECTIONS THAT INSPIRE Corporate Presentation March 2019
Slide 2: ISA 2030 Strategic View: Profitable Growth Based on Sustainable Value Creation
ISA 2030 STRATEGIC VIEW PROFITABLE GROWTH BASED ON SUSTAINABLE VALUE CREATION Growth with Balanced Common Sustainable Value portfolio Strategic Pillars Creation Growth in current business Verde Eco-friendly Opex and Capex optimization Innovación Innovation Shareholder value Desarrollo Development Ne
Slide 3: Investments Highlights
Investments Highlights Highest standards of Corporate Governance Diversification across countries and businesses Long-term business with predictable revenues and strong cash flow generation Long-term and capital intensive investments with a natural hedging strategy Stable dividend policy Consistent
Slide 4: ISA in Figures
ISA IN FIGURES POWER LINES includes affiliates, subsidiaries and investments with joint control 3 7 43 3.862 7.249 km 62.038 km 108.285 MVA 19.860 MVA 49.500 km Toll Roads Concessions 907 km 136 km 4
Slide 5: Latin American Presence
LATIN AMERICAN PRESENCE ISA´s Headquarters 5
Slide 6: Highest Standards of Corporate Governance
HIGHEST STANDARDS OF CORPORATE GOVERNANCE 27.300 682.078.108 61,58% 569.472.561 51,41% 38,42% 112.605.547 10,17% 425.599.786 38,42% 267.406.805 24,14% 115.102.705 10,39% 42.778.701 3,86% 311.575 0,03% 1.107.677.894 100,00% 6
Slide 7: Diversification Across Countries and Business
DIVERSIFICATION ACROSS COUNTRIES AND BUSINESS 1,7% Colombia 17,9% 25,5% Chile Brazil Peru Others 36,5% 18,4% Revenue sharing 2018 2012 2013 2014 2015 2016 2017 2018 Energy Transmission 79% 70% 74% 73% 75% 78% 79% Road Concessions 18% 26% 20% 21% 20% 17% 17% Information and Telecommunications 3% 4% 6
Slide 8: Energy Transmission Infrastructure
ENERGY TRANSMISSION INFRASTRUCTURE 99,99% RELIABILITY 99,87% AVAILABILITY 62.038 km 108.285 MVA includes affiliates, subsidiaries and investments with joint control XM: Operation of Colombia’s Energy Interconnected System and Administration of the National Energy Market. Schemes: ✓ In all countries
Slide 9: Energy Transmission Lines Under Construction
ENERGY TRANSMISSION LINES UNDER CONSTRUCTION Colombia: Peru: 1.631 km 707 km circuit circuit 3.060 MVA of transformation 6.450 MVA of transformation CAPEX USD 932 million USD 602 million Chile: Brazil: 1.562 km 3.348 km circuit circuit 2.250 MVA of 8.100 MVA transformation of transformation CAPEX US
Slide 10: Toll Road Concessions
TOLL ROAD CONCESSIONS 907 km road infrastructure in operation 136 km under construction Grupo interurban roads Penta Las Costanera OHL Market share (revenues) Américas 4% 1% 5% Sacyr 8% ISA 40% Global Vía 13% Abertis 29% PRIZE ROAD SAFETY ✓ For good security management in the routes Revenues methodo
Slide 11: Information Technology and Telecommunications
INFORMATION TECHNOLOGY AND TELECOMMUNICATIONS It serves as a platform for operators, companies and governments to accelerate the digitalization of their business. 49.500 km Fiber optics cable in operation 11
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Slide 13: Consolidated Financial Results
CONSOLIDATED FINANCIAL RESULTS Figures in USD million $3.660 $2.140 $1.923 $2.029 $2.226 $1.292 $1.174 $1.265 $1.588 $1.076 $2.746 $1.363 $1.261 $1.480 $893 $884 $1.010 $619 $700 $707 69,1% 66,5% 59,6% 62,1% 57,5% 55,9% 55,6% 52,5% 13
Slide 14: Consolidated Financial Results
CONSOLIDATED FINANCIAL RESULTS Figures in USD million $442 $469 $658 $340 $216 $235 $133 $182 $157 $84 21,1% 15,5% 16,7% 12,4% 12,4% 13,6% 12,2% 6,5% 21,7 12,1 12,8 6,8 7,4 8,9 9,1 4,5 5,8 14
Slide 15: Financial Debt & Credit Ratings
FINANCIAL DEBT & CREDIT RATINGS YE 2018 Figures in USD million ISA’s credit ratings reflects the company’s strong 5,75 5,97 financial profile showing stable and predictable cash 4,49 5,01 5,24 flows .... 3,86 3,25 3,14 3,00 3,03 4Q17 1Q18 2Q18 3Q18 4Q18 Moody’s International Corporate Ratings Baa2,
Slide 16: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Figures in USD million OTHERS 0,4% PERU COLOMBIA 15,3% 20,5% 3,6% 13.358 7.688 13.836 8.007 4,2% BRAZIL CHILE 37,6% 26,0% 5,3% 2.176 TELCO MRTS 2.298 1,7% 0,4% 3.653 8,3% ROADS 3.372 18,2% 2017 2018 ENERGY 79,7% 16
Slide 17: Capex 2019-2023
CAPEX 2019 - 2023 Figures in USD million Figures in COP billion OTHERS 0,4% CHILE 21,7% COLOMBIA 21,0% COP 10.770 billion (USD 3.522 million) COP 4.250 BRAZIL PERU USD 1.396 25,9% 31,3% COP 3.157 USD 1.045 COP 1.939 USD 630 COP 784 COP 642 USD 250 USD 202 TELCO MRTS 4,0% 2,4% ROADS 25,8% ENERGY 67,8
Slide 18: Growth Opportunities in the Region
GROWTH OPPORTUNITIES IN THE REGION Update: Feb. 2019 Business Country Colombia 7,1% Roads Total de Others 25,0% 35,2% oportunidades USD 4.185 millones Chile Energy 30,2% 75,0% Peru 3,5% Brazil 23,9% 2019 SHORT AND MEDIUM TERM OPPORTUNITIES ➢ Colombia: Energy Transmission Expansion Plan: UPME’s aucti
Slide 19: Dividend Payments Performance
DIVIDEND PAYMENTS PERFORMANCE DIVIDEND YIELD 3,9% 3,6% Avg 2013 - 18 = 3,0% 2,9% 2,8% 2,5% 2,1% Avg 2008 -12 = 1,5% Colombian issuers 2,0% 1,9% 1,5% Avg = 2,3% 1,1% 1,1% 2016 PAYOUT RATIO = DIVIDENDS T / NET INCOME T-1 76% 67% 69% 56% 55% 59% 55% 50% 56% 54% 2019 dividends proposal 45% Avg 2013 -18
Slide 20: ISA's Share Price
ISA’S SHARE PRICE Nuevo Top TOP 15.480 16.000 Maximum: COP 15.100 (April 23th, 2018) RECORD 14.000 12.000 10.000 8.000 6.000 Minimum: COP 5.420 (August 25th, 2015) 4.000 20
Slide 21: A Legacy of ISA for Future Generations
A legacy of ISA for future generations Perú Conexión Jaguar, is the sustainable program of Grupo ISA, Program targets as of 2030 developed in partnership with its technical allies, South Pole and Panthera, to contribute to: 9,000,000* of 20 projects tCO2 reduced internationally • Biodiversity conser
Slide 22: International Awards & Recognitions
INTERNATIONAL AWARDS & RECOGNITIONS 2016 - 2017 - 2018 2017 2017 2016 - 2017 - 2018 2016 - 2017 - 2018 2015 - 2016 - 2017 - 2018 2016 - 2017 - 2018 2018 2017 - 2018 22
Slide 23: International Awards – ISA's Affiliates
INTERNATIONAL AWARDS – ISA’S AFFILIATES COLOMBIA PERU BRAZIL CHILE First Place in the Road safety award Innovation Manager ISA CTEEP – Among Distinction as a Socially Responsible Program the best companies to Company (ES) work for in Brazil Award in Other Companies XM – First Place in the category a
Slide 24: Local Awards
LOCAL AWARDS (2017 ] Portafolio Bernardo Vargas Gibsone ISA'S CEO Best Business Leaders of the Year in Colombia CORPORATE PRESENTATION Semana iw merco Among the 20 leaders with the best reputation in Colombia COLCIENCIAS ia, Tecnologia e Innovacién 24
Slide 25: Disclaimer
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
Slide 26: www.isa.co
Carolina Botero Londoño Chief Financial Officer Gloria Cecilia Velásquez T. Investor Relations Phone: +574 315 74 70 gcvelasquez@isa.com.co www.isa.co CONNECTIONS THAT INSPIRE
Interconexión Eléctrica S.A. E.S.P. (ISA) — Investor Presentation (March 2019) on 6ix