Corporacion Financiera Colombiana Sa · BVC:CORFICOLCF
Corporacion Financiera Colombiana Sa — Corficolombiana — Q2 2024 Earnings Presentation
35 slides from Corporacion Financiera Colombiana Sa's earnings presentation, August 2024
Slide 1: Results Presentation 2Q-24
e) corfi AVAL colombiana RESULTS PRESENTATION 1Q-24 August 2024 j 2 3
Slide 2: Legal disclaimer
Legal disclaimer e) corfi colombiana This document contains relevant information about the results obtained by Corficolombiana S.A. (‘Corficolombiana") in the second quarter and aggregate for the year 2024. It is presented as a summary and is not intended to be exhaustive, nor does it cover all aspe
Slide 3: Agenda
AGENDA corti colombiana Se) RELEVANT FACTS and summary of results ECONOMIC OUTLOOK FINANCIAL RESULTS and treasury INVESTMENT RESULTS Q&A SESSION APPENDIX 01 02 03 04 05 06
Slide 4: 2Q-24 Highlights
2Q-24 Highlights © ENERGY & GAS + As of April, SPEC enabled an additional regasification capacity of 50 MPCD (450 MPCD total) representing ~35% of the national gas demand. * Promigas reached 7 million users connected to the natural gas and electric power service (~25 million people). + The CREG appr
Slide 5: Summary of financial results 1S-24
Summary of financial results 1S-24 e) corfi colombiana Consolidated Consolidated Separate net income EBITDA het income income Figures in COP tn Figures in COP millions 6.9 2,86 977.557 660.790 2,58 650.020 523.807 245.067 327.537 iB 18-23 18-24 18-23 18-24 18-23 18-24 18-23 18-24 Gl infrastructure M
Slide 6: Summary of financial results 2Q-24
Summary of financial results 2Q-24 e) corfi colombiana Consolidated Consolidated Separate net income EBITDA het income income Figures in COP tn Figures in COP millions 33 1,09 111 48.807 212.372 39.316 102.234 23.493 173.056 L 2Q-23 2Q-24 2Q-23 2Q-24 Gl infrastructur Mil Energy & gas Il Others i con
Slide 7: Agenda
AGENDA corti colombiana Se) RELEVANT FACTS and summary of results ECONOMIC OUTLOOK FINANCIAL RESULTS and treasury INVESTMENT RESULTS Q&A SESSION APPENDIX 01 02 03 04 05 06
Slide 8: Colombian economy grew 1.8% in 2Q24
e The Colombian economy grew 1.8% in 2Q24 in the seasonally adjusted series, in a context corfi of weak recovery of domestic demand colombiana Consumption, investment and GDP Observed and projected inflation (4Q2019=100) (% change 12 months CPI) 16 130 Household —— Base consumpti 14 dic-22 === Bulli
Slide 9: 2011 = 2012 2013 014 2015 2016 2017 2018 2019 2020 2021 2022 2023
2011 = 100 100 110 120 140 150 160 130 170 80 90 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 90 110 130 150 170 190 210 230 250 270
Slide 10: Agenda
AGENDA corti colombiana Se) RELEVANT FACTS and summary of results ECONOMIC OUTLOOK FINANCIAL RESULTS and treasury INVESTMENT RESULTS Q&A SESSION APPENDIX 01 02 03 04 05 06
Slide 11: Real sector gross margin
Real sector gross margin = -445.582 Figures in millions of colombian pesos Cifras en millones de pesos colombianos
Slide 12: Real sector gross margin
Real sector gross margin = -143.546 Figures in millions of colombian pesos Cifras en millones de pesos colombianos
Slide 13: Energy & gas Holding Infrastructure Others Implicit rate
Energy & gas Holding Infrastructure Others Implicit rate
Slide 14: sep-23 dec-23 jun-24
• • • • sep-23 dec-23 jun-24 • *The credit expired in April 2024. • dec-22 mar-23 jun-23 sep-23 dec-23 mar-24 •
Slide 15: Agenda
AGENDA corti colombiana Se) RELEVANT FACTS and summary of results ECONOMIC OUTLOOK FINANCIAL RESULTS and treasury INVESTMENT RESULTS Q&A SESSION APPENDIX 01 02 03 04 05 06
Slide 16: Promigas EBITDA
Note: Promigas EBITDA includes income from non-bank financing (Brilla) and income from financial assets. As of 2022, Promigas includes in its EBITDA income from dividends and other operating income and expenses.
Slide 17: Operating figures of the natural gas business
Operating figures of the natural gas business Ocorfi Natural gas continues to be the energy source that brings reliability to the energy demand base, both transportation and distribution have had positive evolution. Transport Business - Volume Consumed1 Distribution and Commercialization Business (M
Slide 18: SPEC 2024
SPEC 2024 e) corti colombiana 2_—p . 4 SPEC = Since April, SPEC has managed to enable an additional regasification capacity of 50 MPCD az LNG (450 MPCD total). 9 = During 2Q2024, SPEC reached a regasification record, managing to deliver 450 MPCD (100% of the contracted capacity), confirming its stra
Slide 19: Infrastructure
Infrastructure e) corti colombiana Consolidated EBITDA (COP bn) 132.394 ee ay 637 | I -SW-ST Misael 510 ae 080 432.726 Pe 07.067 . 176.018 The sector's results are the result of P| inflation correction and the PESHEO progress of the construction of 7. 111268 336.990 concessions. — _- EEE __ <4) ___
Slide 20: Contribution to profit (EM) and Investment (CAPEX)
Contribution to profit (EM) and Investment (CAPEX) e) corfi colombiana Revenue and profit in recent years have been closely linked to the execution of investments in 4G projects. The application of IFRS 15 for the accounting record of 4G concessions justifies this behaviour. Figures in COP MM 1.800.
Slide 21: Cash and net present value - Remuneration of 4G projects
Cash and net present value - Remuneration of 4G projects e) corfi Make-up of concession revenues during the total To june 2024, 12.6% of all estimated concession revenues for the whole concession period have been received. concession period. Amounts in COP MM 1} As of mar 24 6.260 5.245 7.508 19.013
Slide 22: Work progress and cash flow of road concessions
Work progress and cash flow of road concessions Ocorfi coviandina pacifico Oeoviori nte es — eee jun 24 jun 24 jun 24 DRs Wi tolls ll Budgetary appropiations _ 138 174.907 | 2020 2021 2022 248,564 286.441 2021 2022 = 8.361 _ Note: Figures in millions of COP. 1.344.291 466.131 = 618 2023 — 2024 Accum
Slide 23: Bogotá – Villavicencio, Buga – Tuluá – La Paila – La Victoria
100% Bogotá – Villavicencio Buga – Tuluá – La Paila – La 88,3% Victoria Los Alpes – Villeta & Chuguacal – 100% Cambao 89,9% Ancón Sur – Bolombolo 100% Villavicencio – Yopal Total
Slide 24: Hoteles Estelar occupation
Hoteles Estelar occupation (%)
Slide 25: Agroindustry
Agroindustry * Decrease in agricultural commodities prices 2Q-24 /2Q-23. -8,4% -1,2% 44% * In 2Q-24, operational performance recovered after the effects of the El Niho phenomenon in 1Q-24. Financial Consolidated EBITDA Qeorfi 36.4%) (COP bn) +87,0% I Pajonales 15.462 11.475 Unipalma 9.830 6.136 12.2
Slide 26: Agenda
AGENDA corti colombiana Se) RELEVANT FACTS and summary of results ECONOMIC OUTLOOK FINANCIAL RESULTS and treasury INVESTMENT RESULTS Q&A SESSION APPENDIX 01 02 03 04 05 06
Slide 27: Agenda
AGENDA corti colombiana Se) RELEVANT FACTS and summary of results ECONOMIC OUTLOOK FINANCIAL RESULTS and treasury INVESTMENT RESULTS Q&A SESSION APPENDIX 01 02 03 04 05 06
Slide 28: Consolidated income statement
Consolidated income statement e) corfi colombiana 2Q-24 1S-24 COP MM 2Q-23 1Q-24 2Q-24 os el + Gross Margin of Real Sector 1.364.260 1.433.797 1.220.714 -10,5% -14,4% Real Sector Operating Margin 2.649.079 2.652.062 2.654.138 0,2% -5,9% Cost of Sales and Services 1.284.819 1.218.265 1.433.424 11,6%
Slide 29: Consolidated balance sheet
Consolidated balance sheet Ocorfi Assets (COP bn) +9,7%, Y 57.873.546 60.021.976 54.696.246 10,0% 9,9% 10,8% 94% 10,3% 10,0% 27-23 17-24 27-24 I concession Agreements MM Investments Cash + Interbank Funds Loan portfolio Accounts receivable fl Fixed assets + others Liabilities (COP bn) +11,1% Y 42.10
Slide 30: Consolidated assets by sector
Consolidated assets by sector corfi eS) Infrastructure Energy & gas (COP MM) (COP MM) ro 120.145 26.031.277 Sms | sem | 7.7939 “ae 1} 2Q23 2Q:24 Wl coviandina Covioriente Hl Covipacifico 183G Ml Others Note: Others inclucles Covimar, construction consortiums and investment vehicles. Agroindu. (oennc
Slide 31: Contribution per sector to consolidated EBITDA - Quarter
Contribution per sector to consolidated EBITDA - Quarter eS) corfi colombiana 2Q- 24 (COP MM) 43.379 5.450 406.080 _22.760_ 475 — — ee a 1.111.910 -97.060 719.825 Energy & Gas Infrastructure Tourism Agroindustry Financial Others Holding EBITDA 2Q-24 2Q-23 (COP MM) 460,637 8.351 33.226 1.093.105 — 52
Slide 32: Individual Financial Information
Individual Financial Information Ocorfi Assets (COPT) | 412% 1 2658 28,14 25,20 oe T 1.69T 17.42 Teo Noe 2Q24 I Cash + Interbank Funds Ill Equity Investments + Derivatives Equity Investments Hl other Assets Operating Income (COP MM) om HM Pu and Dividends Commissions py I Treasury Margin 321.587 195
Slide 33: Concession section financing and equity
Financing CFC Equity Total Project Total Project License and Project Concession Section Final design % property achieved contributions CAPEX Equity requests start date (Dic-23) (Dic-23) (Dic-23) (Dic-23) 1.87 Tn 1.02 Tn 1.60 Tn 1.00 Tn 2.34 Tn 0.64 Tn 1.24 Tn 1.14 Tn 2.33 Tn 1.12 Tn 2.09 Tn 1.27 Tn
Slide 34: Monthly percentage of work completed
Monthly percentage of work completed e) corfi colombiana Percetage of work completed 1,6% 1.6% 0.5% 0,4% 05% 0.4% 0.4% 0.5% 03% 0.3% 0.4% "0.3% 0.3% py 0.196 0,0% 0,1% 0.1% 0.1% 0,0% _0,0% 0,0% __0,0%0,0% 0,0% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct No
Slide 35: Corficolombiana S.A.
Corficolombiana S.A. @corficolombiana Corficolombiana www.corficolombiana.com Investigaciones Económicas Corficolombiana