Corporacion Financiera Colombiana Sa · BVC:CORFICOLCF
Corporacion Financiera Colombiana Sa — Corficolombiana — Q3 2024 Earnings Presentation
38 slides from Corporacion Financiera Colombiana Sa's earnings presentation, November 2024
Slide 1: Results Presentation 3Q-24
e) corfi AVAL colombiana RESULTS PRESENTATION 3Q-24 November 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 third 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 Q1 RELEVANT FACTS AND SUMMARY OF RESULTS O2 FINANCIAL RESULTS Q3 _sINVESTMENT RESULTS O4 = APPENDIX Ocorfi
Slide 4: Highlights: Sustainable Corfi
Highlights e) corfi colombiana Q SUSTAINABLE CORFI * Corficolombiana has solidified its status as a leader in sustainable practices, as recognized by the S&P Global Corporate Sustainability Assessment. * For the second year in a row, we have been acknowledged among the companies with the highest cor
Slide 5: Highlights by sector
Highlights e) corfi colombiana co INFRASTRUCTURE AGROINDUSTRY The government finalized the full payment of $990 * 85% of renewable energy is being used by Unipalma, billion for DR8 to Covioriente. thanks to its biogas energy plant with a capacity of 634 The UF7 section of the Villavicencio-Yopal cor
Slide 6: Summary of financial results 9M-24
Summary of financial results 9M-24 e) corfi colombiana Consolidated Consolidated Consolidated net Separate net come EBITDA icome income 9,81 3,98 1,19 8,98 3,69 0,72 0,71 0,67 0,13 0,24 - - | 9M-23 9M-24 9M-23 9M-24 9M-23 9M-24 9M-23 9M-24 Tl Energy & gas i controlling Hl Non controlling HB infrastr
Slide 7: Agenda
AGENDA Q1 RELEVANT FACTS AND SUMMARY OF RESULTS O2 FINANCIAL RESULTS Q3 _sINVESTMENT RESULTS O4 = APPENDIX Ocorfi
Slide 8: Consolidated net income 9M-24
Consolidated net income 9M-24 Qeorfi Real sector gross margin = -420,765 A 431.275 1.187.567 a 481.635) -830.769 705.932) Net income Energy & GasInfrastructure 9M-23 Figures in COP millions 4.255 Tourism 21.151 8.058 4.333 -21.193 Agroindustry Others Gross margin EM & Financial — Dividends. Buss. HB
Slide 9: Cost of consolidated debt continues its downward trend
The cost of consolidated debt continues its downward trend with corfi a positive impact on debt servicing colombiana Amount of Debt (COP tn) and Consolidated Implicit Rate: 128% 13.2% 12.3% 12.7% 12.2% — — 11.2% 10.6% : 243 245 256 25.9 en aR 55 56 70 72 76 78 94 24 97 99 17-22 27-22 31-22 47-22 17-
Slide 10: Agenda
AGENDA Q1 RELEVANT FACTS AND SUMMARY OF RESULTS O2 FINANCIAL RESULTS Q3 _sINVESTMENT RESULTS O4 = APPENDIX Ocorfi
Slide 11: Energy & gas
Energy & gas
Slide 12: Through SPEC, we guarantee Colombia's energy security
Through SPEC, we guarantee Colombia’s energy security e) corfi colombiana * Since April, SPEC enabled an additional regasification capacity of 50 MPCD (450 MPCD in total). 9 = By 2024, SPEC achieved a regasification record, delivering 450 MPCD (100% of contracted capacity). | Promicas | * During Col
Slide 13: Positively impacting the quality of life of more people
Positively impacting the quality of life of more people 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 (MCFD) 546 559 515 218 230 210 3Q-23
Slide 14: Energy and gas: results responded to integrated business structure
Energy and gas: our results responded to the integrated corfi business structure in the provision of natural gas service colombiana Consolidated EBITDA (COP tn) 2,20 1,93 0,65 0,66 3Q-23 3Q-24 9M-23 9M-24 Note: Other includes Mulalé - Loboguerrero project and investment vehicles. ‘In 2023 some opera
Slide 15: Infrastructure
Infrastru
Slide 16: Concession sections and progress
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 17: End of the construction cycle of the 4G concession projects
With the end of the construction cycle of the 4G concession corfi projects, the business as operators begins. colombiana DRs 1,30 Wi tolls ll Budgetary appropiations 0.33 GE : 0,30 4 ‘. o17 023 0,26 coutanging zs | | Concesionaria Vial Andine || sep 24 2020 2021 2022 2023 As of sep Accumulated 2024
Slide 18: 4G concession cash generation continues to make progress
4G concession cash generation continues to make progress e) corfi colombiana Make-up of concession revenues during the total As of September 2024, 12.6% of the estimated revenues to be concession period. Amounts in COP MM 6,259 5.217 7,508 18.984 Tolls 46% 35% Il Budgetary appropiations 47% 65% MI p
Slide 19: Infrastructure: end of construction cycle of 4G concessions
Infrastructure: end of construction cycle of 4G concessions corfi justified financial performance colombiana Consolidated EBITDA (COP tn) 1,97 012 1,43 a> 0.29 0,47 0,43 0,62 0,10 0.05 0,18 014 081 0.48 3Q-23 3Q-24 9M-23 9M-24 Hl IP Chirajara-Fundadores Conexion Pacifico 1 Villavicencio-Yopal 18&3G
Slide 20: Tourism
Tourism
Slide 21: Tourism sector operational performance was resilient
Tourism sector operational performance was resilient to the corfi economic cycle colombiana Occupancy Hoteles Estelar (%) Hoteles Estelar Rate (with AIT) (COP) | Gace 108 | 9% | = 412.914 fe501 350,185 267,686 2019 2022 2023 2024 - 9M 2019 2022 2023 2024 - 9M Mmm Hoteles Estelar ——-COTELCO Hoteles E
Slide 22: Tourism: commercial strategy and operational efficiency supported results
Tourism: adequate commercial strategy and operational e) corfi efficiency supported results colombiana Consolidated Sales Hoteles Estelar (COP mn) 313.751 323.631 16,764 15,286 25% 253.182 12,517 237,287 26% yy ™ Canal Corporativo | OTAs = Directo m Agencias 2019 2022 2023-9M 2024 - 9M Habitaciones
Slide 23: Agroindustry
Slide 24: Complementary crop cycles favored the results
The complementary nature of our crop cycles favored the results corfi colombiana AREA USAGE SALES VOLUME (Tons) 24,033 m Semiannual AERO m Livestock m@ Rubber 11,524 11,490 7454 Palm 5,522 [] [] Forest Reserve | | m Roads and Others 9M-23 9M-24 9M-23 9M-24 9M-23 9M-24 Palma Caucho Arroz Of the total
Slide 25: Agrobusiness: good price performance and rubber production
Agrobusiness: good price performance and rubber production corfi boosted figures colombiana Consolidated EBITDA (COP mn) 24.191 24.217 +64,8% 14.385 8.728 17.004 12.724 4.757 4522 3Q-23 3Q-24 9M-23 9M-24 Unipalma Pajonales *As of the second quarter of 2024 Valora is not included in the Agribusiness
Slide 26: Financial
Slide 27: sept-24 sept-24
65,8 60,0 54,7 47,5 44,1 44,2 44,9 2021 2022 2023 sept-24 2022 2023 sept-24
Slide 28: Financial: market conditions impacted results
Financial: market conditions impacted results e) corfi colombiana || Operating Profit | | (COP mn) | 28.343 2.170 G23,4%> 24.011 9.881 4.222 8.009 1.878 276 26.173 19.789 8.003 3Q-23 3Q-24 9M-23 9M-24 Casa de Bolsa [i Fiduciaria CFC Trabajamos e invertimos en el progreso del pais
Slide 29: Agenda
AGENDA Q1 RELEVANT FACTS AND SUMMARY OF RESULTS O2 FINANCIAL RESULTS Q3 _sINVESTMENT RESULTS O4 = APPENDIX Ocorfi
Slide 30: • • • • • • 4.5 4.7 4.5 4.4 4.1 4.0 15.2% 3.9
• • • • • • 4.5 4.7 4.5 4.4 4.1 4.0 15.2% 3.9 15.0% 15.0% 3.9 14.5% 13.5% 13.3% 13.3% 12.3% 13.1% 13.2% 13.2% 11.7% 13.0% 13.0% 12.2% • 12.0% 12.1% 11.0% 11.2% 10.2% 9.3% 7.4% 7.1% 5.8%
Slide 31: Consolidated income statement
Consolidated income statement e) corfi colombiana 3T-24 9M-24 COP MM 3T-23 27-24 31-24 raed M28 | + Gross Margin of Real Sector 1,194,700 1,220,714 1,219,517 2.1% 25.0% Real Sector Operating Margin 2,587,537 2,654,138 2,666,995 3.1% 41.3% Cost of Sales and Services 1,392,837 1,433,424 1,447,478 3.9%
Slide 32: Consolidated balance sheet
Consolidated balance sheet e) corfi colombiana Assets Liabilities (COP bn) (COP bn) 4+9,3% Y +10,1% Y 60.021.976 60.146.377 44.077.893 43.995.620 39.962.766 55.009.879 255% 264% 11,3% 10,8% 9.7% 93% 10,0% 103% 37-23 27-24 37-24 37-23 27-24 Il concession Agreements Hl Money Market Operations MM Inves
Slide 33: Consolidated assets by sector
Consolidated assets by sector e) corfi colombiana Infrastructure Energy & gas Tourism (COP mm) (COP mm) (COP mm) oS 29 28,933.44) 20.947.246 26.587.564 326.0 on, ooles an “~” 1°} 3Q23 3Q-24 3Q23 3Q24 Wl coviandina Covioriente [lll Covipacifico 183G Ml Others HE Promigas Ill Otros Nota: Otros incluye
Slide 34: Contribution per sector to consolidated EBITDA - Quarter
Contribution per sector to consolidated EBITDA - Quarter e) corfi colombiana 3Q - 24 (COP mm) 425.303 28.701 14.386 15.195, 4.855 1.117.775 -28.667 658.003 Energy & gas Infrastructure Tourism Agroindustry Financial Others Holding EBITDA 3Q-24 3Q - 23 (COP mm) 469.345 27.684 11.496 4.185 1.119.484 -1
Slide 35: Financial Information (separate)
Financial Information (separate) e) corfi colombiana Assets Liabilities (COP tn) (COP tn) 47% 1 46%, 28,13 27:22 15,63 25,44 =_—i —i— -0.97-za- Do 7 al 5.28 18,88 1797 Te 9.24 3Q-23 2Q-24 3Q24 ll Cash + Interbank Funds Il Equity Investments + Derivatives HM Otros Pasivos ll Operaciones de Mdo Moneta
Slide 36: Concession section license and property status
License and Project start Concession Section Final design % property requests date 5.21 Bn 3.78 Bn
Slide 37: Monthly percentage of work completed
Monthly percentage of work completed e) corfi colombiana Percetage of work completed 1,6% 1,6% 1,2% 0,9% 0,7% 0.5% 0.4% 0.6% 0.4% 4 9, 0.4% _ 0.3% 0.5% 03% 03% . 0.3% 0.1% 0.1% 0,0% 0,0% 0,0% 0,0% 0,0% “ie 91% 0.0% 0,0% 9.1% 0,0% 0,0% 0,0% Jan Feb Mar Apr MayJun Jul AugSep Oct Nov Dec Jan Feb Mar Ap
Slide 38: Corficolombiana S.A.
Corficolombiana S.A. @corficolombiana Corficolombiana www.corfi.com Investigaciones Económicas Corficolombiana