Interconexion Electrica Sa Esp · BVC:ISA

Interconexion Electrica Sa Esp — Q1 2018 Earnings Presentation

17 slides from Interconexion Electrica Sa Esp's earnings presentation, May 10, 2018

  1. Slide 1: Financial Results First Quarter 2018

    Financial Results First Quarter 2018 May 10, 2018 © ALL RIGHTS RESERVED BY INTERCONEXION ELECTRICA S.A. E.S.P

  2. Slide 2: Agenda

    Agenda 1. 1Q18 Financial Results 2. Highlights 3. Q&A ISA S.A. E.S.P. – FINANCIAL RESULTS 1Q18 2 © ALL RIGHTS RESERVED BY INTERCONEXION ELECTRICA S.A. E.S.P 2

  3. Slide 3: Financial Results First Quarter 2018: Operating Revenues

    Financial Results First Quarter 2018 CONSOLIDATED INFORMATION Net income increase by 24% for the first quarter compared with the same period of the previous year. Operating Revenues ❖ GROWTH: COP 1.631.186 - Entry into operation of new Energy Transmission projects in Peru, Colombia million and Chile

  4. Slide 4: Financial Results First Quarter 2018: EBITDA and Net Income

    Financial Results First Quarter 2018 CONSOLIDATED INFORMATION Net income increase by 24% for the first quarter compared with the same period of the previous year. EBITDA Net Income COP 1.067.948 COP 297.574 ❖ MANAGEMENT: million million Net Margin 18,2% - Tax recovery in Colombia and Brazil. EBITDA

  5. Slide 5: Financial Results First Quarter 2018: Highlights

    Financial Results First Quarter 2018 HIGHLIGHTS Net income increase by 24% for the first quarter compared with the same period of the previous year. 1 Return of equity tax 2011 in ISA. 2 Recovery of the Land and Urban Territorial Tax in ISA CTEEP. 3 Provision of fixed assets in INTERNEXA Brazil. ISA

  6. Slide 6: 1Q18 operating revenues

    Revenues Figures in COP billions CONSOLIDATED INFORMATION Others COP 1.574 COP 1.631 Total 3,6% Peru 2,2% 16,8% COP 152 Colombia COP 221 Construction 31,2% 32,2% 1Q18 operating revenues COP 1.479 Operation Brazil COP 1.353 9,3% 29,4% Chile 19,4% 1Q17 1Q18 Telco MRTS 5,4% 2,2% ❖ Revenues from new pro

  7. Slide 7: 1Q18 operating costs and expenses

    Operating costs and expenses Figures in COP billions CONSOLIDATED INFORMATION 1Q18 operating costs and expenses Others COP 777 COP 742 Total 4,4% Peru 3,3% 20,1% Colombia COP 209 COP 143 Construction 31,4% 38,7% Operation Brazil COP 568 COP 599 5,5% 22,4% Chile 15,5% 1Q17 1Q18 MRTS Telco 4,5% 15,0%

  8. Slide 8: 1Q18 EBITDA

    EBITDA Figures in COP billions CONSOLIDATED INFORMATION Others Peru 1,4% 19,5% Colombia 29,5% COP 953 COP 1.068 12,0% 1Q18 EBITDA Brazil 30,0% Chile 1Q17 1Q18 19,6% Telco MRTS 1,9% 1,0% Roads 18,1% EBITDA Margin 71,6% 69,6% 65,5% 60,6% Energy 1Q17 1Q18 79,0% Total Excluding construction ISA S.A. E.S

  9. Slide 9: 1Q18 financial expenses

    Net financial expenses Figures in COP billions CONSOLIDATED INFORMATION Peru Others 10,7% 0,3% 1Q17 1Q18 Colombia Brazil 31,0% 1Q18 financial expenses 13,7% 18,1% -COP 249 -COP 283 Chile 39,9% -164 Energy -111 Roads ❖ Higher indebtedness expenses to support growth. -8 Telco ❖ COP / USD revaluation.

  10. Slide 10: 1Q18 net income

    Net income Figures in COP billions CONSOLIDATED INFORMATION Peru Others 15,8% 2,3% COP 298 Colombia COP 240 24,0% Brazil 39,9% 21,5% 1Q18 net income 1Q17 1Q18 Chile 20,5% 251 Energy Net Margin 19,5% 18,2% 60 Roads 16,9% 15,2% -16 Telco 1Q17 1Q18 3 MRTS Total Excluding construction ISA S.A. E.S.P. –

  11. Slide 11: Balance Sheet and Cash Flow

    Balance Sheet and Cash Flow Figures in COP billions CONSOLIDATED INFORMATION Peru Others -4,2% 14,1% 0,4% Colombia -8,1% 21,6% 43.409 10.957 41.580 10.069 7.467 6.950 -6,9% Brazil 38,7% Chile 25,2% 1Q18 assets 24.985 24.561 -1,7% 2017 1Q18 Assets Liabilities Minority interest Equity Telco MRTS 2,0%

  12. Slide 12: Debt

    Debt Figures in COP billions CONSOLIDATED INFORMATION Other Source COP 153 0,1% COP16.016 COP 13 - COP 29 -COP 19 COP 195 -COP 7 -COP 716 COP 15.453 Capital Market Banks 57,9% 42,0% Increase Decrease 1Q18 debt Currencies MRTS 15,0% Energy 26,1% Ratios 4,2 4,5 4,8 Telco 3,6 4,0 3,8 3,8 3,9 3,7 3,4 28

  13. Slide 13: CAPEX 2018 - 2022

    CAPEX 2018 - 2022 Figures in COP billions CONSOLIDATED INFORMATION ❖ Update: April 2018 Peru COP 12.981 21,1% Colombia 21,5% COP 3.794 COP 3.316 CAPEX 2018 - 2022 COP 2.926 Brazil COP 2.014 26,2% Chile COP 931 31,2% 2018 2019 2020 2021 2022 Colombia Chile Brazil Peru Others MRTS Telco 1,9% 5,2% 2017

  14. Slide 14: Highlights: General Shareholders' Meeting

    Highlights GENERAL SHAREHOLDERS’ MEETING ❖ Bylaws Reform Minimum of 5 out of 9 members must be independent ❖ Board of Directors ratified Carlos Caballero Argáez* Viceministro General Director de Crédito Público y Tesoro Nacional Carlos Mario Giraldo Moreno* Carlos Felipe Londoño Álvarez* Jesús Artur

  15. Slide 15: Highlights: Finance Operations and Projects

    Highlights FIRST QUARTER 2018 ❖ Connection for Talara Refinery Modernization ❖ Green Bonds FINANCE OPERATIONS PROJECTS First company in the group to ❖ LOA Routs issue green bonds into the capital market. ❖ Third transformer in the Sogamoso substation ISA S.A. E.S.P. – FINANCIAL RESULTS 1Q18 © ALL RI

  16. Slide 16: 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

  17. Slide 17: Contacts

    Carlos Alberto Rodríguez L. Contacts CFO Gloria Cecilia Velásquez T. Investor Relations InvestorRelations@isa.com.co INTERCONEXIÓN Calle 12 Sur 18 - 168 Medellín, Colombia ELÉCTRICA S.A E.S.P. Phone: +57 4 3252270 | Fax: +57 4 3170848 www.isa.co NIT: 860.016.610 - 3 A.A. 8915 © ALL RIGHTS RESERVED B

Interconexión Eléctrica S.A. E.S.P. (ISA) — Q1 2018 Earnings Presentation on 6ix