Empresa de Energía de Bogotá - EEB

A Regional Leader in the Energy Sector

Disclaimer

The information provided herein is for informational and illustrative purposes

only and is not, and does not seek to be, a source of legal or financial advice

on any subject. This information does not constitute an offer of any sort and is

subject to change without notice.

EEB expressly disclaims any responsibility for actions taken or not taken based

on this information. EEB does not accept any responsibility for losses that

might result from the execution of the proposals or recommendations

presented. EEB is not responsible for any content that may originate with third

parties. EEB may have provided, or might provide in the future, information that

is inconsistent with the information herein presented.

EEB Overview Wide energy Portfolio: Network and Services

Focus on natural monopolies

Growth in controlled subsidiaries

Sound regulatory framework

Ample access to capital markets

3

100%*

100%*

Leaders in every market

Electricity transmission

Market share (%)

(Km of 220-138 kV lines )

Electricity transmission

Market share (%)

(Km of lines)

Electricity distribution

Market share (%)

(Kwh)

Electricity generation

Installed Capacity (%)

(Generation)

# 1 Peru

# 2 Colombia

# 1 Colombia

# 2 Colombia

Gas distribution

Market share (%)

(No. clients) 59.0%

Gas transportation

Market share (%)

(Average volume transported) 88.0%

Gas distribution

Market share (%)

(No. clients)

100.0%

# 1 Colombia

# 1 Colombia

# 1 Perú

57.6%

8.22%

26.6%

20.72%

Electricity transmission

Project ongoing

(850 Km L/T and 24 S/E)

# 1 Guatemala

4

*Estimated market share once in operation.

Focus on natural monopolies and attractive

energy markets

Strong Presence in Relevant Countries Natural Gas

Source: ANH, MEM, UPME, Concentra

333

417 484

528

950

2009 2010 2011 2012 2015E

Natural Gas Demand - Perú - MMCFD

8.46

7.06 6.63

7.01 6.41

2009 2010 2011 2012 2013

Natural Gas Reserves - Colombia - Tcf

12.00 12.50 12.46

15.38

2009 2010 2011 2012

Natural Gas Reserves - Perú - Tcf

810 860 892 905

1,047 1,083

2009 2010 2011 2012 2013 2016E

Natural Gas Demand - Colombia - GBTUD

6

Strong Presence in Relevant Countries Electricity

Source: ANH, MEM, UPME

54,679 56,148

57,157

59,367 60,885

65,125

2009 2010 2011 2012 2013 2016E

Electricity Demand - Colombia - GWh

7,926 8,134 8,473 8,730 8,945 10,064

2009 2010 2011 2012 2013 2016E

Electricity Demand - Guatemala - GWh

27,003

32,314 36,779 37,321

39,669

48,411

2009 2010 2011 2012 2013 2016E

Electricity Demand - Perú - GWh

7

Stable and Growing Income*

8 * Total of Operating Revenues per company – aggregated figures for comparable purposes.

Predictability and stability in regulated revenues. 81% of revenues comes from regulated business.

422.4 495.7

605.9

871.6

1,076.2 1,114.4

982.7

2008 2009 2010 2011 2012 2013 2014 3Q

Natural Gas Distribution - USD mm

GAS NATURAL CÁLIDDA TOTAL

1,317.7

1,584.2 1,730.3 1,808.7

2,092.1 1,972.1

1,499.1

2008 2009 2010 2011 2012 2013 2014 3Q

Electricity Distribution - USD mm

CODENSA DECSA EMSA TOTAL

279.6

365.2 401.9

439.1 536.4

578.1

486.9

2008 2009 2010 2011 2012 2013 2014 3Q

Natural GasTransportation - USD mm

TGI PROMIGAS TOTAL

136.2 152.4 162.1 181.5

207.3

288.9

220.4

2008 2009 2010 2011 2012 2013 2014 3Q

Electricity Transmission - USD mm

REP CTM EEB Transmisión TOTAL

Growth through controlled subsidiaries and

Brownfield opportunities

Consolidated Financial Results Evolution EBITDA

10

81% 67%

56% 55% 61% 44% 45%

48% 47% 19%

33% 44%

45% 39%

56%

55%

52% 53%

2006 2007 2008 2009 2010 2011* 2012** 2013 2014 IIIQ LTM

Consolidated Adjusted EBITDA & Normalized Dividends (USD Million)

Operational EBITDA Dividends

240.9

471.3 416.4

515.6

586.4

818.5

921.7

705.0

974.6

EEB Transm, Trecsa & EEBIS Gt

2.0%

TGI 39.8%

Decsa/EEC 3.9%

Cálidda, Contugás & EEBIS Pe

7.5%

Emgesa 21.8%

Codensa 13.5%

Gas Natural 3.3%

Promigás 4.5%

ISA, REP & CTM 3.1%

Otros; 0.59%

Consolidated Adjusted EBITDA 3Q 2014 LTM by Subsidiary

Normalized Dividends: *2010 excludes dividends declared based on an

early close of Gas Natural’s, Emgesa’s and Codensa’s financial statements.

These figures are included in 2011, when such dividends would normally

have been declared.** Anticipated dividends declared by Codensa on first

half 2011, were included in 2012.

Ambitious projects under execution

Consolidating the Strategy Controlled Subsidiaries

12

Projects Update

EEB Transmission

• Armenia – 64%,

• Tesalia – 77%

• Chivor II Norte – 37%

• SVC Tunal – 83%.

• Bolívar-TermoCartagena – 2.1%

• Sogamoso-Norte-Nueva Esperanza: 5%

• UPME awarded projects: Rio Cordoba

TGI

• La Sabana Compression Station – 91%

TRECSA

• Guatemala’s interconnection System – 76%

13

Consolidating the Strategy Non-Controlled Subsidiaries

Projects Update

EMGESA

• Quimbo Project (400 MW)

• Total investment: USD 1,093 mm

• Execution 3Q-14: 80%

• Full operation: 1H 15

CODENSA

• On-going projects: Nueva Esperanza, Norte, Bacatá Substations

• New and existing demand

• Quality service and continuity

• Control operational risk

Financial Plan 2013-2018 Investments & Funding Sources

Composition of Investments

Brownfields: 70%

Greenfields: 30%

14 OM: Offering Memorandum of USD.749,000,000 EEB 6.125% Senior Notes due 2021

As of September 2014 is already executed and compromised

USD 2,200 Mm (29%)

2013-2018 Funding Sources USD Millons

Cash Generation 1,700 Financial Debt 3,320

Third Parties (Contributions of Capital) 2,480

TOTAL 7,500

Compromised Resources (29%) 2,200

Resources that will be compromised

2014-2018 5,300

1.60 1.48 1.39 1.25

2.33

4.5

3T - 13 4T -13 1T - 14 2T -14 3T -14

Net Debt / Consolidated Adjusted EBITDA

9.10

11.06 10.96 11.44

10.22

2.25

3T - 13 4T -13 1T - 14 2T -14 3T -14

Consolidated Adjusted EBITDA/Interest

1.60 1.48 1.39 1.25

2.33

4.5

3T - 13 4T -13 1T - 14 2T -14 3T -14

Net Debt / Consolidated Adjusted EBITDA

9.10

11.06 10.96 11.44

10.22

2.25

3T - 13 4T -13 1T - 14 2T -14 3T -14

Consolidated Adjusted EBITDA/Interest

1.60 1.48 1.39 1.25

2.33

4.5

3Q - 13 4Q -13 1Q - 14 2Q -14 3Q -14

Net Debt / Consolidated Adjusted EBITDA

9.10

11.06 10.96 11.44

10.22

2.25

3Q - 13 4Q -13 1Q - 14 2Q -14 3Q -14

Consolidated Adjusted EBITDA/Interest

Access to Capital Markets

Access to Capital Markets

GEB Transactions

USD Million

16

EEB

Baa3

BBB-

BBB

TGI

Baa3

BBB-

BBB

CÁLIDDA

Baa3

BBB-

BBB-

EEB Share Performance

Ticker EEB:CB

As of September 30th, 2014 EEB’ market capitalization was USD 7.3 Billion

Trading volume tripled after the Equity Offering Nov 2011.

The stock is part of COLCAP, COLEQTY and COLIR

Average Target Price As of 3Q 2014: USD 0.96 COP 1,943

EEB Share Performance 3Q 2013 – 3Q 2014

17

Creating Value to shareholders

18

0.017 0.016 0.017

0.043

0.018

0.025

0.033

1Q 08 1Q 09 1Q 10 1Q 10 1Q 11* 1Q 11 1Q 13 1Q 14

Dividends per Share - USD

0.58

0.91

0.60

0.72 0.80

0.72

6.9%

0.0%

3.0% 3.5%

4.2%

3.5%

0.00

0.10

0.20

0.30

0.40

0.50

0.60

0.70

0.80

0.90

1.00

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

2010 2011 2012 2013 2014 Avg 2008-2013

Dividend Yield Evolution

Closing Share price at the end of the year USD Dividend Yield

97.7

353.8

571.0

157.1

390.6

437.8

334.7

91.8 142.6 368.0 109.0 228.3 306.5 207.7

94%

40%

64% 69%

58%

70% 62%

141%

40%

64%

105%

58%

70% 68%

0.0

100.0

200.0

300.0

400.0

500.0

600.0

0%

20%

40%

60%

80%

100%

120%

140%

160%

2008 2009 2010 2011 2012 2013 Avg 2008-2013

Evolution Dividend Payout Ratio (USD Mllion)

Net Profit Dividends Dividend payout on last year profit Dividend payout + Including realeased reserves

Financial Highlights

353.8

571.0

157.1

390.6

437.8 461.8

2009 2010 2011 2012 2013 3Q 2014

Net Income (USD Millions)

203.6

140.2

283.5

315.9 315.5 301.0

2009 2010 2011 2012 2013 3Q 2014

Operating Profit (USD Millions)

455.3 487.2

731.8

896.4

1,016.4

842.0

2009 2010 2011 2012 2013 3Q 2014

Operating Revenues (USD Millions)

515.6

944.0

557.0

723.5

921.7 974.6

2009 2010 2011 2012 2013 3Q 2014

LTM Consolidated EBITDA (USD Millions)

Consolidated Financial Results

20

Investor Relations

For more information about Grupo Energía de Bogotá contact our Investor Relations team:

http://www.eeb.com.co

http://www.grupoenergiadebogota.com/en/investors

Fabian Sánchez Aldana

Investor Relations Advisor GEB

+57 (1) 3268000 – Ext 1827

fsanchez@eeb.com.co

Nicolas Mancini Suarez

Financing and Investor Relations Manager GEB

+57 (1) 3268000 - Ext 1536

nmancini@eeb.com.co

Rafael Andres Salamanca

Investor Relations Advisor GEB

+57 (1) 3268000 – Ext 1675

rsalamanca@eeb.com.co

Felipe Castilla Canales

Chief Financial Officer - GEB

21