CORPORATE PRESENTATION - March 2018 - ISA
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CORPORATE
PRESENTATION 2018
CORPORATE
PRESENTATION
March 2018
SEE MANIFESTO
1967 / 1977 CORPORATE
PRESENTATION 2018
1967
The Colombian government fosters
the creation of ISA to develop energy
transmission and generation.
1971 1,350 km
High Voltage
• Commissioning Circuit
of the Colombian
Central Grid at 230 kV.
• The first regional
integration system
starts operations.
First ISA’s CEO:
José María Piedrahita Pardo.
1977
The energy generation business initiates
operations in Colombia.
MARCH 2018 / CUT-OFF DATE MARCH 2018 2
1978 / 1987 CORPORATE
PRESENTATION 2018
1982 1984
Chivor Hydroelectric • The first stage of the San Carlos
Plant starts Hydroelectric Plant starts operations
operations. – 620 MW.
1,000 MW.
• The National Telecommunications
and Control Center starts operations.
3,000 km
1985 High Voltage
Circuit
Interconnection
at 500 kV
between the
country’s interior
and the
Colombian
Caribbean coast
Opening of ISA’s head office in starts operation.
Medellin, with the President of
the Republic, Julio Cesar Turbay
Ayala.
MARCH 2018 / CUT-OFF DATE MARCH 2018 3
San Carlos Hydroelectric Plant, in Antioquia
1988 / 1997 CORPORATE
PRESENTATION 2018
1988
1992 1991 Development of the
hydroelectric complex of
The electric La Nación (The Eastern Antioquia – 1,428
interconnection Nation) acquires MW.
between Colombia 51% of ISA’s assets.
and Venezuela
starts operations
at 230 kV.
7,068 km
1994 1995 1996 High Voltage
Circuit
The Colombian The Wholesale The Shareholder's
government issues Energy Market, Meeting approves
Laws 142 and 143, the Energy Stock the legal
which transform Exchange and transformation of
utilities and the Trading ISA into a State-
establishes a new way System are owned Commercial
of operating the created. and Industrial
electric system, Corporation. In
First stage of Expansion of respectively. ISA is addition, it
the Telecommunication divided and ISAGEN is authorizes to
System.
created with relate private
generation assets. capital.
MARCH 2018 / CUT-OFF DATE MARCH 2018 4
1998 / 2002 CORPORATE
PRESENTATION 2018
2000 1998
First stock • TRANSELCA, an energy transmission affiliate in Colombia, is created.
democratization
program “ISA, shares • The electric interconnection between Colombia and Ecuador at 230 kV starts
for all”. 62 thousand operations.
new shareholders and
• Entry into the telecommunications market as carrier’s carrier.
115 million shares sold.
37,629 km
High Voltage
Circuit
2001 2002
• The internationalization Second shares
process starts. democratization
program “ISA,
• Entry to Peru – ISA Peru is shares for all”. 47
created. Subsequently, REP
and CTM, electric energy
thousand new 6,798 km
shareholders and optical fiber
Launching of Shares transmission affiliates, are 120 million shares
Democratization Program. created. sold.
• INTERNEXA, a 2.768
telecommunication affiliate employees
in Colombia, is created.
MARCH 2018 / CUT-OFF DATE MARCH 2018 5
2003 / 2007 CORPORATE
PRESENTATION 2018
2003
Entry to Bolivia – 2005
ISA Bolivia, an
electric energy • XM, a Market Expert Company, is created to operate
transmission the National Interconnected System and manage
affiliate, is created. the Wholesale Energy Market.
• Adherence to the Global Compact promoted by UN.
• Entry into Central America in the energy
37,629 km
transmission business unit, ISA, a partner of High Voltage
Empresa Propietaria de la Red – EPR–. Circuit
2004
Registration of Level I ADR
before the US Securities and
Exchange Commission.
6,798 km
optical fiber
2,768
2006 employees
Entry into Brazil –CTEEP–, an
energy transmission affiliate
company, is created.
MARCH 2018 / CUT-OFF DATE MARCH 2018 6
2008 / 2014 CORPORATE
PRESENTATION 2018
2007
It starts the internationalization of the
telecommunication business.
INTERNEXA S.A. Peru is incorporated.
42,064 km
High Voltage
2008 2011 Circuit
CTEEP wins a project to build INTERCHILE, an energy
the Porto Velho – Araraquara 2 transmission affiliate in
(2,375 km and 600 kV) Chile, is created.
transmission line.
2013 48,866 km
optical fiber
The strategic corporate
2010 role is separated and
INTERCOLOMBIA, an 907 km
2009 • INTERNEXA entries
to Brazil, Chile and
affiliate responsible of
energy transmission in
roads
In partnership with Argentina. Colombia, is created.
ETESA S.A., • Entry to the road 3,796
Interconexión Colombia business in Chile – employees
– Panamá S.A. –ICP– CINTRA (Chile) is
starts operation in order acquired.
to make the binational
energy integration
8 countries / 4 businesses
viable.
MARCH 2018 / CUT-OFF DATE MARCH 2018 7
7
2015 / 2017 CORPORATE
PRESENTATION 2018
2015
ISA enters into the Dow
2017 2016 Jones Sustainability
Index –DJSI–.
ISA • ISA is recognized as a leader company in
celebrates
its 50th
the energy public service sector by The
Sustainability Yearbook.
44,603 km
anniversary. High Voltage
• ISA, INTERCOLOMBIA and XM offset Circuit
100% of their Greenhouse Gases –GHG–
through carbon credits.
• ISA achieves the greatest net income in
history (COP2.1 trillion).
2018 48,866 km
optical fiber
907 km
of highways
• ISA is in the Top 15% of The Sustainability Yearbook, which recognizes the companies with the best
sustainability practices worldwide, and is acknowledged as an industry leader.
• INTERVIAL CHILE, an ISA's affiliate, is officially awarded Rutas del Loa Road Concession, increasing
3,807
operations of roads in Chile to 1,018 km. employees
• ISA's share reaches its historic peak, COP15.100, the highest value since ISA is included in the Colombia
Stock Exchange. 8 countries / 4 businesses
• ISA is among the three leading companies in the Private Social Responsibility Index.
MARCH 2018 / CUT-OFF DATE MARCH 2018 8
8
CORPORATE
2018
Who we are
PRESENTATION
Present in
8 4 43 3,807
countries businesses affiliates and
subsidiaries
employees
Infraestructure In operation: 44,603 km of circuit and 87,178 MVA
(Cut-off March 2018)
Under construction: 8,023 km and 15,081 MVA
48,866 km Coordination and
operation of 25,670
km of transmission
optical fiber in operation
lines
907 km
road infrastructure Mobility control of
in operation Medellín and its 5
townships
MARCH 2018 / CUT-OFF DATE MARCH 2018 9
9
CORPORATE
PRESENTATION 2018
Latin America
presence
MARCH 2018 / CUT-OFF DATE MARCH 2018 10CORPORATE
2018
Our shareholders
PRESENTATION
Shareholder Structure
As of March 2018
SHAREHOLDERS NUMBER OF SHARES %
STATE INVESTORS 682,078,108 61.58%
LA NACIÓN 569,472,561 51.41%
EEPPM 112,605,547 10.17%
PRIVATE INVESTORS 425,599,786 38.42%
INSTITUCIONAL 258,104,418 23.30%
FOREIGN INVESTMENT FUNDS 109,371,407 9.87%
NATURAL PERSONS 44,714,312 4.04%
LEGAL PERSONS 13,060,574 1.18%
ISA ADR PROGRAM 349,075 0.03%
OUTSTANDING SUBSCRIBED AND PAID-UP CAPITAL 1,107,677,894 100.00%
MARCH 2018 / CUT-OFF DATE MARCH 2018 11
11CORPORATE
2018
Our partners
PRESENTATION
In the Electric Energy Transmission companies
Peru Brazil Central America
REP ISA CAPITAL DO BRASIL EPR
EPR
GEB 40% Banco Bradesco 14.78% EINDE
EINDE from
from Guatemala
Guatemala 11.11%
11.11%
TRANSMANTARO BV Financiera 14.78% CEL
CEL and
and ETESAL
ETESAL from
from El
El 11.11%
11.11%
Salvador
Salvador
GEB 40%
CTEEP ENEE
ENEE from
from Honduras
Honduras 11.11%
11.11%
Electrobras 35.4% ENATREL
ENATREL from
from Nicaragua
Nicaragua 11.11%
11.11%
Panama
Other shareholders 28.8% ICE
ICE from
from Costa
Costa Rica
Rica 11.11%
11.11%
ETESA
ETESA from
from Panamá
Panamá 11.11%
11.11%
INTERCONEXIÓN TAESA ENDESA Latinoamérica
ENDESA Latinoamérica 11.11%
ELÉCTRICA COLOMBIA from Spain 11.11%
50% from Spain
- PANAMÁ - ICP CEMIG 21.68%
ETESA CFE
CFE from
from México
México 11.11%
11.11%
Market 63.45%
United States
ANDEAN TOWER PARTNERS - ATP
Digital Bridge Andean
73.5%
Tower Holding -DBATH
MARCH 2018 / CUT-OFF DATE MARCH 2018 12
12Average workforce distribution
CORPORATE
PRESENTATION 2018
As of March 2018
TRANSELCA; 4.9%
INTERCHILE; 0.7%
ISA BOLIVIA; 0.7%
PDI PERU; 1.4%
ISA; 5.2%
XM AND ITS
SUBORDINATES; 7.2% CTEEP AND ITS
SUBORDINATES; 38.0%
INTERNEXA AND ITS
SUBORDINATES; 8.5%
INTERVIAL AND ITS
SUBORDINATES; 8.5%
REP; 9.8% INTERCOLOMBIA; 14.9%
MARCH 2018 / CUT-OFF DATE MARCH 2018 13CORPORATE
2018
Integrated Management System - SIG -
PRESENTATION
Certifications
As of March 2018
ISO 9001 ISO 14001 OHSAS 18001 ISO 27001
ELECTRIC ENERGY TRANSMISSION
ISA ●
INTERCOLOMBIA ● ● ● ●
CTEEP ● ●
REP ● ● ●
TRANSELCA ● ● ●
ISA BOLIVIA ● ● ●
PDI ●
TELECOMMUNICATIONS TRANSMISSION
INTERNEXA ● ●
ROAD CONCESSIONS
INTERVIAL CHILE ●
INTELLIGENT MANAGEMENT OF REAL-TIME SYSTEMS
XM ● ●
● Certified ● In process
MARCH 2018 / CUT-OFF DATE MARCH 2018 14
14CORPORATE
2018
Comprehensive Risk Management
PRESENTATION
• ISA and its companies identify, evaluate, manage and communicate the main risks they JR Legal and Regulatory
are exposed to. AM Environmental
• ISA and its companies' risk map. FI Market, liquidity and
credit
MC Market, competition, mergers
and acquisitions
SO Social
PR Property
IP Suppliers
EO Errors and omissions
DE Deficiencies of the system or the
ISA electric market
AND ITS
FE Equipment failures, spare parts
COMPANIES and materials
RISK MAP
CH Human Capital
and Labor Relations
GO Governance
PO Political
TI Information
Technologies
and Communications
FN Natural eventsCORPORATE
2018
Corporate Social Responsibility
PRESENTATION
Commitments with stakeholders
To attract, develop, To respect and To grow with To provide a To provide services To conduct a
and retain human promote the Rule of profitability, maintain transparent and with quality, comprehensive social
talent, within a Law, and contribute to good governance equitable treatment, opportunity and at management and be
framework of clear, create an enabling practices and ensure based on the criteria of competitive prices, linked as a major
respectful, fair, and environment for the corporate sustainability. efficiency and aimed to meet their player in creating a
just relationships that provision of services by competitiveness. needs and build long- favorable environment
create a working fostering transparency term relationships with for development.
environment based on and setting clear rules. them.
trust and
comprehensive
development.
MARCH 2018 / CUT-OFF DATE MARCH 2018 16
16CORPORATE
2018
Corporate Strategy
PRESENTATION
ASPIRATIONS
Mission CORE STRATEGIES
ISA’s mission is the highly efficient Greater
development and operation of linear profitability
of growth opportunities
infrastructure where it has capabilities or
special advantages based on the development with greater profitability
of its human talent and innovation to create CAPTURE
value for its shareholders and stakeholders, as
well as contributing to the sustainable
development of communities where it is
present. Ratification
of countries and businesses of Profitability of current
IMPROVE business
MENT
Scope
By 2020, ISA will have tripled its profits, by Growth
capturing the most profitable growth subordinated
opportunities in its existing businesses in Latin to profitability
America, the enhancement of operational of the business
efficiency and the optimization of its business DYNAMIC and
portfolio. ADJUST
MENT geographies
* ISA's vocation: to generate portfolio
value from the "excellent"
operation and development of
infrastructure. MARCH 2018 / CUT-OFF DATE MARCH 2018 17
17Business units
CORPORATE
PRESENTATION 2018
*Figures expressed in trillions as of December 2017.
Consolidated Consolidated Consolidated
Business units Consolidated revenues
revenues** EBITDA** assets**
ELECTRIC ENERGY TRANSMISSION
ISA and its companies transmit annually 345,000 GWh
that supply electricity to 150 million people, through
the operation of 44,603 Km of high-voltage circuit
COP5,0 trillion COP3,2 trillion COP25,0 trillion
networks, which deliver electricity to Colombia, Peru,
Brazil, Chile, and Bolivia; making it the greater
international electric energy carrier of Latin America.
ROAD CONCESSIONS
ISA, through its affiliate ISA INTERVIAL, structures,
designs, builds, operates, and maintains interurban
roads in Chile, with 907 Km that connect people to 5
COP1,1 trillion COP0,8 trillion COP8,8 trillion
concessionaire companies between Santiago and Río
Bueno by Ruta 5.
**Consolidated values for the Electric Energy Transmission Business. It does not include RBSE or tax amnesty in Brazil.
SEPTEMBER 2017 / CUT-OFF DATE SEPTEMBER 2017 18
18Business units
CORPORATE
PRESENTATION 2018
*Figures expressed in trillions as of December 2017.
Consolidated Consolidated
Business units Consolidated revenues Consolidated assets
revenues EBITDA
INFORMATION AND COMMUNICATIONS
TECHNOLOGIES
ISA's participation in this business is through its affiliate
INTERNEXA, a company which is leader in information and
communications technologies solutions in Latin America, enabling
companies and governments to develop in an efficient manner COP346 billion COP104 billion COP902 billion
and to achieve their targets. ISA, being present from Florida to
Patagonia, offers solutions of connectivity, safety, managed
services, cloud, and datacenter to its clients.
REAL-TIME SYSTEMS MANAGEMENT
XM carries out the planning and coordination to operate resources
of the National Interconnected System (SIN), manages the
Commercial Exchange System (SIC) at the Wholesale Energy
Market (MEM); manages the International
Electricity Transactions (TIE) with Ecuador; and executes the
settlement and administration of usage fees of the SIN grids. As
SIN operator, it guarantees the balance between production and
electric energy consumption in the country.
COP134 billion COP43 billion COP159 billion
It specializes in real-time systems management consisting of
planning, design, optimization, entry into service, operation,
administration, or management of transactional systems or
technology platforms that involve the exchange of added-value
information, as well as related markets of goods and services. SEPTEMBER 2017 / CUT-OFF DATE SEPTEMBER 2017 19
19CORPORATE
2018
Electric Infrastructure Projects Under Construction
PRESENTATION
Colombia: Peru:
2,291.75 km 883.1 km
of circuit 1,995 MVA of of circuit 2,500 MVA of
transformation transformation
USD1,025 million USD644 million
Chile: Brazil:
1,562 km 3,286.8 km
of circuit 4,500 MVA of of circuit 6,086 MVA
transformation of transformation
USD1,112 million USD1,414 million
MARCH 2018 / CUT-OFF DATE MARCH 2018 20
20CORPORATE
2018
Consolidated Financial Management
PRESENTATION
Consolidated Income Statement
As of 31 December 2017
MILLION COP
Total operating revenues 6,954,265
Total costs and operating expenses 3,145,747
Net Income 1,437,936
EBITDA 4,430,597
EBITDA Margin 63.7%
Net margin 20.7%
INCOME PER COUNTRY
COLOMBIA 1,683,577
CHILE 1,177,494
BRAZIL 2,583,091
PERU 1,396,586
OTHERS 113,517
EBITDA PER COUNTRY
COLOMBIA 1,041,128
CHILE 799,355
BRAZIL 1,793,075
PERU 730,019
OTHERS 67,020
DECEMBER 2017 / CUT-OFF DECEMBER 2017 21
21CORPORATE
2018
Consolidated Financial Management
PRESENTATION
Consolidated Balance Sheet
as of 31 December 2017
MILLION COP
Assets (*) 43,408,501
Liabilities (*) 24,984,979
Non-controlling interest 7,466,485
Shareholders' equity 10,957,037
Total equity (*) 18,423,522
ASSET PER COUNTRY
COLOMBIA 8,693,786
CHILE 11,047,136
BRAZIL 17,228,765
PERU 6,230,342
OTHERS 208,472
(*) Excluding the RBSE effect, assets were COP36,606,011 million, liabilities were
COP22,214,938 million and equity COP14,391,073 million.
DECEMBER 2017 / CUT-OFF DECEMBER 2017 22
22CORPORATE
2018
Consolidated Financial Management
PRESENTATION
Growth
Consolidated financial figures
Billion COP
11.89
8.92
6.95
5.27
5.02
4.43
4.22
2.87
2.34
2.30
2.14
1.44
1.04
0.76
0.70
0.51
2014 2015 2016 2017
Revenues
Ingresos EBITDA Income before
Utilidad antesminority interest
de interés minoritario Net income
Utilidad neta
DECEMBER 2017 / CUT-OFF DECEMBER 2017 23
23© All Rights Reserved by Interconexión Eléctrica S.A. E.S.P. ISA
CORPORATE
2018
Access to financial markets
PRESENTATION
Financing alternatives used by ISA and its companies / as of March 2018
1998 - 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Colombia: ISA and Transelca
Peru : REP and CTM
Chile: Concessionaire
Bonds and Promissory Brazil: CTEEP and Subsidiaries
notes CTM
ISA k 144A
144A Reg/S ISA Capital
Reg/S
USD554 M Tender Offer USD450
USD522,3 M M
Democratization of ISA, sale ADR Common stock Common stock
Nº of shares registration issue issue
Shares 2001- 115 million Level I N.Y. Nº of shares Nº of shares 32
2002- 120 million OTC Market 56 million million
ISA k REP
ISA SWAP MAIPO CTEEP Interchil
ISA Commodities SWAP Interchile Interchile
USD44,3 M SWAP swap SWAP e
Hedging operations Raw material PEN SWAP SWAP
USD36,5 M USD420 USD554 BRL SWAP
104-77 USD208.9 USD92.9
USD40,2 M M 101 M - USD300
USD40- MM MM
151 M MM
30 M
International Project Interchile
ISA Peru ISA Bolivia ISA Bolivia
USD738
Finance USD40.5 M USD54 M USD7 M
MM
ISA (CTEEP) CTM CTM RIOS
(USD550 M) USD USD100 M USD
Syndicated loan and
(USD148 M) 90 M USD60 M 220 M
subordinated credit or
development bank
CTEEP and Subsidiaries
MARCH 2018 / CUT-OFF DATE MARCH 2018 24
24CORPORATE
2018
Credit risk ratings
PRESENTATION
SUPPORT AND PACIFIC CREDIT
COMPANIES RATINGS S&P MOODY'S FITCH FELLER-RATE EQUILIBRIUM HUMPHREYS
ASSOCIATIONS RATING
BBB- (Stable) Baa2 (Negative) BBB+ (Stable)
Corporate
Dec. 2017 Feb. 2018 May. 2017
AAA (Stable)
ISA Local Bond Issuance
Dec. 2017
F1+
Commercial papers
Dec. 2017
AAA (Stable)
TRANSELCA Local Bond Issuance
Mar. 2017
AAA (Stable)
Corporate
Aug. 2017
CTEEP
AAA (Stable)
Bonds issuance
Aug. 2017
International Bond Baa3 (Stable) BBB- (Stable)
Issuance
Jul. 2017 Apr 2017
TRANSMANTARO
CP-1+(Stable)
Commercial papers
Oct. 2017
AAA (Stable) AAA (Stable)
Bonds issuance
Oct. 2017 Oct. 2017
REP
CP-1+(Stable) EQL1 (Stable)
Commercial papers
Oct. 2017 Oct. 2017
BBB- (Stable) Baa3 (Stable) A (Stable) A (Stable)
RUTA DEL MAIPO Bonds issuance
Nov. 2017 Oct. 2017 Jul. 2017 Sep. 2017
Baa3 (Stable) A- (Stable) A (Stable)
RUTA DEL BOSQUE Bonds issuance
Oct. 2017 Oct. 2017 Jul. 2017
MARCH 2018 / CUT-OFF DATE MARCH 2018 25
25CORPORATE
2018
Evolution of ISA's share in the market
PRESENTATION
YTD Valuation
Standardized data as of March 2018 | cut-off month: March 2018 ISA marketability
50% March
HIGH
45%
40%
35%
30%
25%
20% 5º POSITION
15%
10%
5%
At the end of March, ISA had 28,776
0%
shareholders
-5%
-10%
-15%
-20%
-25%
-30%
-35%
-40%
31-mar 31-may
31-May 31-Jul
31-jul 30-sep
30-Sep 30-Nov
30-nov 31-Jan
31-ene 31-Mar
31-mar
31-Mar
ISA COLCAP MSCI EM Latin America S&P 500
Market Capitalization
Share price
Average volume ISA
Cut-off Cut-off
Minimum 2018 Maximum 2018 per Day (million)
Dec. - 2017 March - 2018 Market Cap. (Mm COP) 14,754,270
2018
ISA 14,200 13,220 11,420 14,700 5,392.01 Market Cap. (Mm USD) 5.3
MARCH 2018 / CUT-OFF DATE MARCH 2018 26
26CORPORATE
2018
ISA Recognitions
PRESENTATION
1990 1998 2002 2003 2006
• ISA is recognized • The • The Presidency and the • ISA is qualified by Great • ISA receives a
by the Junior Environment Ministry of Economic Place to Work Institute ANDESCO Award for its
Chamber as the Ministry Development give ISA the Colombia as the best Corporate Social
company with the recognizes ISA Colombian Quality Award. company to work among Responsibility.
greater social with the national entities.
projection. National • The Office of the
Environmental Comptroller General of the • ANALDEX and Proexport
Award. Republic qualifies ISA as an exalted ISA and CREG
“Example company” for with the National Export
having the best Internal Award, in the category of
Control System. Export Project, because of
its work in International
Electric Transactions –
TIE–.
MARCH 2018 / CUT-OFF DATE MARCH 2018 27
27CORPORATE
2018
ISA Recognitions
PRESENTATION
2009 2011 2012 2013
• ISA received the • ISA was • ISA obtained the first place • In the measuring of transparency mechanisms and policies
Andesco Award recognized with in “Better Website for among public services companies, carried out by
for its Corporate the ANDESCO investors”, third place in the Corporación Transparencia por Colombia, ISA improved 2
Social award for its categories “Better annual points going from 92 to 94 points out of 100, placing it in a
Responsibility and Corporate Social report for investors”, and low risk category.
best social Responsibility, “Better communication of
performance due its social financial results” in Latin • Colombia stock Exchange gave ISA “IR Recognition”, which
to its project ISA performance American Investor Relations confirms the commitment of the Company to the market,
Región. and its Awards. thus further engaging it to a management style based on
corporate best practices.
governance. • The Colombia Stock
Exchange –BVC– awarded • ISA’s Anti-fraud Code was recognized in the frame of the
ISA as the company with Fourth Round of Best Corporate Transparency Practices, an
the longest term for bond event led by Corporación Transparencia por Colombia. This
placement. good practice, adopted by ISA since 2011, formalizes the
strategic will of ISA and its companies in Latin America
regarding fraud.
MARCH 2018 / CUT-OFF DATE MARCH 2018 28
28CORPORATE
2018
ISA Recognitions
PRESENTATION
2014 2015 2016
• In the measuring of transparency • ISA won the ALAS20 award in the category • Colciencias awarded ISA the recognition as
mechanisms and policies among public Leader Company in Corporate Company Highly Innovative, because of the
services companies, carried out by Governance, for its best corporate deliberate and systematic work of its Innovation
Corporación Transparencia por Colombia, governance practices, its commitment with Unit, and due to the important resources
ISA maintains its rating of 94 points, stakeholders and its transparent allocated to activities associated with research,
exceeding the average of the sector by management. development and innovation.
nine points.
• ISA won the Portfolio award in the • Member of Dow Jones Sustainability Indices.
• Colombia Stock Exchange gave ISA for the category of Human Talent Resource
second consecutive time the “IR Management. • ROBECO SAM Sustainability Award Industry
Recognition”, which confirms the Leader 2016.
commitment of the Company with the stock
market. • Leader Company in Corporate Governance ALAS
20.
• BVC Transparency, corporate governance and
commitment to the stock market.
MARCH 2018 / CUT-OFF DATE ON MARCH 2018 29
29CORPORATE
2018
ISA Recognitions
PRESENTATION
2017
• Bernardo Vargas Gibsone, ISA's CEO, was chosen as the "Leader of the Year" at the Portfolio Awards.
• ISA entered into the FTSE4Good, an index created to recognize the companies included in the stock exchange that
comply with the global standards of corporate investment and best sustainability practices.
• ISA was part of the DJSI MILA Pacific Alliance Index, as one of the companies with the highest sustainability score in the
Pacific Alliance region.
• For the third consecutive year, ISA entered into the Dow Jones Sustainability Index, as the only Colombian company, and
one of the three Latin American companies in the category of Electric Utility Services, to be included in the list. ISA was
given the highest qualification in Biodiversity, Transmission and Labor Indicators.
• ISA was chosen as the ALAS20 Company of the year and the leader company in Relationship with Investors.
• For the second consecutive year, ISA was included in The Sustainability Yearbook, highlighting that "ISA reached
excellent results when modernizing and developing innovative business models adjusted to the new political, economic,
and technical environment of the industry".
• The América Economía Journal selects ISA as the "Multi-Latin Company of the Year".
• ISA was included in the 2017 Forbes Global 2000 ranking.
MARCH 2018 / CUT-OFF DATE MARCH 2018 30
30CORPORATE
2018
INTERCOLOMBIA Recognitions
PRESENTATION
2014 2015 2016 2017
• ISA received the • It was given the • INTERCOLOMBIA received from South Pole the Carbon Neutral • INTERCOLOMBIA won the first
Bicentennial Medal of special award at Certificate, for offsetting close to 90% of its greenhouse gases with its place in the 2017 Maintenance
Military Engineers, as a Andesco for operation in the Energy Transmission Business Unit in Colombia. Engineering award, granted by
recognition to its support Corporate Social ACIEM - COLOMBIAN
to this military institution Responsibility. • INTERCOLOMBIA was one of the finalists in the Andesco Award to
ASSOCIATION OF ENGINEERS.
and the joint work in the Corporate Social Responsibility, in the corporate governance and social
recovery of infrastructure environment categories. • INTERCOLOMBIA was recognized
affected by attacks. by Corporación Ventures due to
• The Company won the second place in the call for achievement
its sustained support to
recognition, carried out by the Association of SAP users -ASUG-,
innovation in energy efficiency.
obtained by our project called Process Optimization in the Latam node
of ISA Group with the updating of the SAP technology platform,
presented in the XVIII CONGRESS ASUG COLOMBIA 2016.
• Recognition by Universidad Nacional de Colombia in Medellin, for
supporting with other companies, the development and
implementation of the High Voltage Lab at Engineering School,
endorsed by the National Certification Organization (ONAC).
• Nomination in two categories of the ANDESCO Award to Corporate
Social Responsibility 2016: Corporate Governance and Social
Performance.
MARCH 2018 / CUT-OFF DATE MARCH 2018 31
31CORPORATE
2018
REP Recognitions
PRESENTATION
2006 2007 2009 2011 2012 2013 2014
• Good Corporate • National • Recognition: • Distinction for • “Good Corporate • The Company • Obtained a
Governance Quality Award. Corporate Ethics its education Governance Index” received the ABE Recognition
Contest, Best and Leadership. commitment. from the Lima Stock Seal of the Diploma from
Behavior with • CACIER Social- Exchange, an award Association of the Ministry of
Internal and environmental • Socially which symbolizes the Good Employers, Education
External management. Responsible trust and recognition sponsored by the because of its
Environment. Company to the company in the American important
Distinction. fulfillment of the good Chamber of support to the
• Leader governance principles. Commerce of development of
Company in Peru, which education in
Management recognizes Peru.
Excellence - companies
Gold Category. standing out
because of their
work practices.
MARCH 2018 / CUT-OFF DATE MARCH 2018 32
32REP Recognitions
CORPORATE
PRESENTATION 2018
2015 2016
• First Place in Innovation category of the “Colombian Corporate Council”. • Socially Responsible Company Distinction, given by Peru 2021.
• Distinction of Socially Responsible Company (ESR), given by Peru 2021 and the • Recognition for Good Environmental Practices in our substations, given by
Mexican Center for Philanthropy (CEMEFI). OEFA.
• REP among the 27 companies with best practices in the Safety and Occupational • The Ministry of Education recognized REP as an “Ally for Education”.
Health management, a recognition given by Pacífico Seguros.
• The Ministry of Women and Vulnerable Populations honored REP with the
• Good Work Practices Certification (2015-2016) given by the Association of Good National Award to Voluntary Service 2016.
Employers (ABE).
• REP Project obtains Innóvate Perú fund from the Ministry of Production.
• Recognition from ADRA Peru, in merit of REP's high social commitment
demonstrated by its practices and commitments with stakeholders.
• Recognition of the Programa Nacional Cuna Más from The Ministry of
Development and Social Inclusion, because of REP’s commitment in the
comprehensive development of early childhood in poverty and extreme poverty.
• Distinction as “Company of the year 2015 in the Energy Sector”, given by the
Peruvian Electrotechnical Association (AEP).
MARCH 2018 / CUT-OFF DATE MARCH 2018 33REP Recognitions
CORPORATE
PRESENTATION 2018
2017
• The National Mines, Petroleum and Energy Association granted REP the "Innovative Company" award, within the framework of the
Symposium of Technology and Innovation of the mining and energy sector.
• The Lima Stock Exchange and EY granted REP an award due to its Good Corporate Management.
• Pacífico Seguros recognizes the commitment to Occupational Health and Safety.
• Socially Responsible Company Distinction, given by Peru 2021.
• The National MINES, PETROLEUM AND ENERGY Association gave ISA REP a recognition as the most innovative energy company.
• ISA REP receives the 2017 Sustainable Development award, granted by the National MINES, PETROLEUM AND ENERGY
Association.
• ISA REP is granted an award by the Ministry of Labor and Promotion of Employment in the Good Labor Practices contest.
• ISA REP is recognized as an "Ally for Education" by the Ministry of Education of Peru.
MARCH 2018 / CUT-OFF DATE MARCH 2018 34CORPORATE
2018
CTEEP Recognitions
PRESENTATION
2008 2009 2012 2016
• Quality Award • Abrasca Criação • “Selo Assiduida • CTEEP among the 20 companies with the best reputation in Sao Paulo Stock
(APIMEC/SP). de Valor – from APIMEC Exchange.
Category of Ouro 11 Year –
Leading Company 2012” from the • It stands out as one of the 10 best companies in the APIMEC – Association of
in the Sector: Association of Investment Analysts and Professionals of the Capital Market evaluation.
Best model of Investment
value creation for Analysts and • It was selected as one of the companies with the best work environment,
shareholders of Professionals of according to Great Place To Work.
the electric sector the Capital • For the second consecutive year, ISA CTEEP was one of the winners of the
companies. Market of Brazil – award from the “Associação Brasileira das Companhias Abertas” (ABRASCA),
APIMEC–. which distinguishes the best Management and Sustainability Reports.
• The Company was chosen as one of the “Best Companies to Work - Brazil", in
the ranking of Great Place to Work. ISA CTEEP was among the 150 best
organizations.
• ISA CTEEP was in the seventh place among the 20 companies with best
reputation of Sao Paulo Stock Exchange (Bovespa).
MARCH 2018 / CUT-OFF DATE ON MARCH 2018 35
35CORPORATE
2018
CTEEP Recognitions
PRESENTATION
2017
• For the second consecutive year, ISA CTEEP was chosen as one of the best companies to work in Brazil, as per
Great Place to Work.
• For the second consecutive year, ISA CTEEP was chosen by the Market Analysts Association as one of the 10
Brazilian companies with the best transparency practices.
• ISA CTEEP receives a "2017 Better and Greater Enterprises" rating from EXAME magazine, as the best company
in the Brazilian energy sector.
MARCH 2018 / CUT-OFF DATE MARCH 2018 36
36CORPORATE
2018
INTERNEXA Recognitions
PRESENTATION
2012 2013 2014 2016
• Metro Ethernet Forum –MEF– • For the third consecutive • For the fourth consecutive year, • Nominated for the Sixth Consecutive
gave INTERNEXA the MEF 2012 year, the company the company won two of the Year in the MEF EXCELLENCE
awards in three categories: best obtained the recognition most important awards AWARDS in the category SERVICE
carrier Ethernet business given by the Metro “Wholesale Provider of the Year” PROVIDER. This category recognizes
application, best wholesale Ethernet Forum in the and “Best Service of the Year”, the leadership in the development
Ethernet service and regional categories “Regional both for the Caribbean and and delivery of wholesale Carrier
service provider of the year. Service Provider of the Latin-American region; Ethernet services at a global,
year” and “Best recognitions given by the Metro regional, wholesale and corporate
• Capacity Media, awarded Wholesale Ethernet Ethernet Forum –MEF–, an level.
INTERNEXA with “Capacity Service”. entity which promotes and
Awards 2012 Best Latin America recognizes the adoption of best • INTERNEXA is the first regional
Wholesale Carrier”, a category practices in the transfer of high network obtaining the MEF
that recognizes the best carrier’s volume of data. certification of its Carrier Ethernet
carrier in the region. Services in 4 South American
Countries (Colombia, Ecuador, Peru
and Chile).
MARCH 2018 / CUT-OFF DATE MARCH 2018 37
37CORPORATE
2018
INTERNEXA Recognitions
PRESENTATION
2017 2018
• Within the framework of International Telecoms Week -ITW- • Internexa receives the MEF certification for Carrier Ethernet
between 14 and 17 May 2017, Yahoo, one of the main and most 2.0. This certifies our high service levels in capacity,
important suppliers of web services, granted Internexa the award scalability, and reliability, while ensuring competitiveness and
to best regional strategic ally. efficiency-benefit ratio.
MARCH 2018 / CUT-OFF DATE MARCH 2018 38
38CORPORATE
2018
XMP Recognitions
PRESENTATION
2013 2014 2015 2016 2017
• Received the ANDESCO • In the measuring of • It received a special • Declared out of competition • XM obtained the first place in
Award to Corporate Social transparency mechanisms Andesco award in the in the Corporate Social the Innovation Managers
Responsibility, in the category and policies among public category Best Small Public Responsibility award of Program of Ruta N.
Best Small Public Services service companies carried out Services and Andesco, in the category
and Communications by Corporación Communications Small Public Services
Company. Transparencia por Colombia, Company. company.
the company obtained a
rating of 88 points, • XM was recognized as a
exceeding the average of the Research, Development or
sector by 13 points. Innovation Unit.
MARCH 2018 / CUT-OFF DATE MARCH 2018 39CORPORATE
2018
INTERVIAL CHILE Recognitions
PRESENTATION
2014 2016 2017
• Committed with transparency and • The Ministry of Economy of Chile recognized INTERVIAL • ISA INTERVIAL received the Road Safety
excellence, in 2014, INTERVIAL CHILE CHILE with the ProPyme Seal distinction, for meeting high Award from the Ministry of Public Works of
and its concessionaire societies became management standards with suppliers, small and medium- Chile.
the first interurban and urban size companies.
concessions in certifying the “Model of • ISA INTERVIAL, receives the ProPyme Seal
Corporate & Ethical Integrity”, • The Corporate Sustainability Commission of the Chilean distinction regarding Ruta del Maipo.
according to Law 20393 of this country. Construction Chamber (CChC), distinguished Ruta del Maipo
for obtaining the honor in the category Contribution to the
Society in the Sustainable Company CChC 2016 award,
associated with the project “Centro de Capacitación Usted
Creyó en Mí”.
• The Association of Concessionaries of Public Infrastructure
Works A.G. (COPSA) distinguished Ruta del Maipo with
honor in the category Corporate Social Responsibility for
presenting the initiative “Taller de Corte y Confección para
Vecinas Jefas de Hogar de El Castillo – La Pintana”.
• INTERVIAL CHILE and its Concessionaire Societies once
again certify the Model of Corporate & Ethical Integrity.
These are the first concessions of Ruta 5 Sur in certifying
this model according to Chilean Legislation.
MARCH 2018 / CUT-OFF DATE MARCH 2018 40
40CORPORATE
PRESENTATION 2018
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PRESENTATION 2018
MARCH 2018 / CUT-OFF DATE MARCH 2018 42CORPORATE
PRESENTATION 2018
MARCH 2018 / CUT-OFF DATE MARCH 2018 43CORPORATE
PRESENTATION 2018
MARCH 2018 / CUT-OFF DATE MARCH 2018 conexionjaguar.orgCORPORATE
2018
Our CONEXIÓN JAGUAR Program
PRESENTATION
Conexión Jaguar is the conservation program of ISA
and its affiliates, which together with its technical
allies, South Pole and Panthera, is developed to
contribute to biodiversity conservation, climate change
mitigation, and the connectivity of natural habitats of
the jaguar in Latin America.
The program provides technical and economic support
so that the best rural initiatives trade certified carbon
credits with the highest possible standards worldwide
to fund conservation.
MARCH 2018 / CUT-OFF DATE MARCH 2018
45Program for biodiversity conservation and climate change CORPORATE
PRESENTATION 2018
mitigation, in the jaguar's corridors where ISA has
presence in Latin America
We support conservation We implement the carbon We protect, recover, and connect To ensure the sustainability of
projects through technical components into recovery and the natural habitats of the jaguar. projects, both communities
support and financing, in preservation projects of forests and and owners receive a part of
priority areas for jaguar the revenues corresponding
order to issue and trade
conservation. to the sale of carbon credits.
certified carbon credits under
the highest international
standards.
ISA reinvests the remaining
revenues in new conservation
projects, ensuring
sustainability of the Conexión
Jaguar Program.
Rural communities obtain co-
benefits, such as:
- Employment creation.
- Training and education.
- Development of productive
alternatives.
- Improvement and
community infrastructure
provision.
We contribute to improve
the environmental services
- Appropriation of land.
We strengthen the
capacities of rural of ecosystems, such as - Environmental co-benefits.
communities. water and food safety.
46
MARCH 2018 / CUT-OFF DATE MARCH 2018CORPORATE
2018
Program targets as of 2030
PRESENTATION
Peru
20 projects 9,000,000* of 400,000** ha To promote
internationally tCO2 reduced of the jaguar development of
certified in Latin 15% commitment corridor with rural communities in
America. to reduce emissions in
conservation the area of
Colombia as of 2030 in
COP21. actions. influence of
* Depending on the typology ** Conservation projects projects.
of projects REDD+
It contributes to achieve the country's targets and climate change, complying with international agreements.
47
MARCH 2018 / CUT-OFF DATE MARCH 2018CORPORATE
2018
Achievements
PRESENTATION
2017
PROJECTS
IN COLOMBIA
CIMITARRA (Santander) TIERRALTA (Córdoba)
CÁCERES (Antioquia),
Restoration of degraded lands through Recovery of degraded lands through the
the implementation of a cocoa seeding of native species and a cocoa Restoration of mining degraded lands.
agroforestry system associated with agroforestry system.
native species. ● We contribute to finance conservation
• Protection of around 400 ha of forests activities through the purchase of carbon
• Reduction of poverty and improvement and water births. credits to offset our Greenhouse Gases -
of living conditions, generating around • Recovery of around 200 ha of livestock GEI- emissions.
600 direct and indirect employments. degraded lands.
• Awareness and environmental education • It contributes to recover the connectivity
in communities. of the jaguar corridor.
• Empowering women through • Improvement of the soil and water
employment generation. conditions.
• Emission reduction potential of • Generation of direct employment to 14
233,011.46 tCO2 families.
• Recovery of around 200 ha of livestock • Emission reduction potential of
degraded lands. 45,558.36 tCO2 e
• It contributes to recovery the
connectivity of the jaguar corridor.
48
MARCH 2018 / CUT-OFF DATE MARCH 2018CORPORATE
2018
Projects Cycle II
PRESENTATION
Colombia Brazil Chile
Peru
Conservation Contribution to Conservation Conservation In pursuit of a Conservation In pursuit of a
and sustainable recover the and sustainable and sustainable new project and sustainable new project
management of ancestral land of management of management of management of
forest the Arhuaco forest forest forest
community
2 projects
Conexión Jaguar in Latin America
Climate change Biodiversity Ecosystem Development of rural
mitigation conservation services communities
49
MARCH 2018 / CUT-OFF DATE MARCH 2018CORPORATE
2018
Compensation of Greenhouse Gases -GEI-
PRESENTATION
2011 2012 2013 2014 2015 2016
•Compensation of •Compensation of •Compensation •Compensation
•Compensation of •Compensation of 3,925 tCO2 of 5,161 tCO2
5,451 tCO2 of 4,821 tCO2
3,746 tCO2 1,945 tCO2
•ISA Carbon •ISA Carbon Neutral •ISA, •ISA, XM and
•ISA Carbon •50% of ISA's GEI INTERCOLOMBIA
Neutral •90 of INTERCOLOMBIA
Neutral Inventory Carbon Neutral
INTERCOLOMBIA's and XM Carbon
GEI Inventory Neutral
Our commitment is that ISA and its companies are Carbon Neutral in 2020
50
MARCH 2018 / CUT-OFF DATE MARCH 2018Contact
Investor Relations
CORPORATE
PRESENTATION 2018
E-mail: InvestorRelations@isa.com.co
Ethics Line: lineaetica@isa.com.co
www.isa.co
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