12019

Quarter Results

May 8, 2019

Corporate relevant events 4Q2018

Gran Plaza El Ensueñoshopping centre

Bogotá, Cundinamarca

Extension length 1.5 km

Third Rail Extension - Left Side

Third Rail Extension - Right Side

Cycle Router

Platform

Access Sibaté

2019 1Q

Vía40 expressInvestments

On March 20, the time to hand over the First Functional Unit (FU1) of the Soacha – Sibaté Project was fulfilled according to the schedule. The nine-kilometer transche enters the verification process by Supervision and the Client (ANI) so that, in 60 days, the Certificate of Completion of the Functional Unit will be signed.

Advance of work

2019 1Q

Construction

On March 30, a 410-room hotel in the city of Bogotá was handed over for operation, which is part of the project that seeks to consolidate the city as the “First Event and Convention District in Latin America.”

This 51,652-m2 hotel has a gym, spa and indoor pool, as well as 7,500 m2 for meetings and events. The work was constructed in 31 months and was handed over for its inauguration on April 9.

Noteworthy in its construction was the standardization of processes and the use of the Orchestra Wheel methodology to increase productivity, which allowed preserving a tax benefit granted by the Government in 2017 and achieving a cost efficiency of 1.9%.

Located in Palmira, Valle, this 30,000-m2 project was constructed in 15 months and handed over at the end of March 2019.

In its execution, the 57% increase in the productivity of the roof structure, the 33% reduction in man-hours in the structure and the 33% reduction in the Accident Frequency Index stand out, compared to projects with similar characteristics.

Delivery of the Hotel Hilton Corferias:

Delivery of the Colgate Distribution Center:

On March 22, the construction of this Social Interest Housing project began in Soledad, Atlántico.

The total area of the project is 3,198 m2 and includes three (3) towers and 140 apartments. It is expected to be delivered in December 2019.

Initiation of the Construction of the Portal del Sol Housing Complex:

The Company obtained the adjudication of Wayabero Lodge, a 7,000-m2 project, which includes 36 rooms and a spa; it was designed to be the most luxurious expedition hotel in Colombia. This hotel will be built under the best sustainability standards in the natural environment of the Sierra de la Macarena on the banks of the Guayabero River, in a period of 12 months.

Adjudication of the Wayabero Lodge Project:

2019 1Q

Housing

Contree, a Conconcreto brand, offers an innovative product that adapts to the current needs of home buyers.

It has a regional-expansion plan for the coming years that will give life and strength to the Brand.

Factors – such as the personalization of spaces, sustainability, digitalization, among others, make Contree a disruptive Project in the Colombian and global real-estate offer.

The Launch of Contree:

A Replicable, Innovative Business ModelThe product design is from the Conconcreto Engineering and Design Workshop, with a young, creative commitmentBrand conceptualizationVirtual salesroom. There will be no physical space for salesDigitalization of the purchasing process and virtual realityHigh-profile host or seller to accompany the sales processDifferential design Sustainability Solar panels Native and adaptive plant species Collection of rainwater Electric-car chargers

( http://www.contree.co/ )

2019 1Q

Constructora Conconcreto Advances with its Divestment Plan, Generating Resources for COP 249,000 million to date

COP 249,000 million

Financial

The stake in Concesiones CCFC S. A. S. was sold in order to self-generate the liquidity required to attend to (i) the execution of the Company’s Investment Plan; (II) financial obligations; and (III) the Company’s long-term financial solidity.

Divestments made in previous periods

COP 210,000 million

Concesiones CCFC

The sale of Conconcreto’s stake in the company Concesiones CCFC S. A. S. was perfected. The value includes the sale price and the dividends received from Concesiones CCFC S. A. S. during 2019

COP 39,000 million

Restitution of Pactia contributions

Cash Out Devimed

Sale of shares in Soletanche-Bachy Summits and Geofundaciones

Other Disinvestments

Return in toll the Corzo, Facatativá, Cundinamarca.

Total:

Reliability

Assistance

Constancy

ConsistencyAdherence

GreaterProductivity

EasyImplementation

8 robots construidos que realizan tareas como:

Download orders, invoices, data bases and ERP system information.

Creation of users in platforms and applications.

Automatic response of emails.

2019 1Q

Innovation

The use of digital automation processes permits users with no knowledge in programming to create their own robots for automation.

We have enabled a virtual training field to train our team of employees in an activity that generates frequent accidents, which allows us to develop jobs without injuries and then arrive at the work field with training in the use of tools and awareness of self-care.

RDA Robotic Process Automation

benefits

*Robotic Desktop Automation

Main

Virtual reality for entertainment

Virtual field

Real field; project under construction

Concesión Vía 40 Express Bogotá- Girardot, Cundinamarca

THE FUTURE

CONCESSIONS,a route to

2019 1Q

VÍA 40 EXPRESS (Bogotá - Girardot)

Variante fusa, Cundinamarca.

On March 20, the time to hand over the First Functional Unit (FU1) of the Soacha – Sibaté Project was fulfilled according to the schedule. The nine-kilometer tranche enters the verification process by Supervision and the Client (ANI) so that, in 60 days, the Certificate of Completion of the Functional Unit will be signed.

MELGAR

FUSAGASUGÁ

GRANADA

BOGOTÁ

SOACHA

SIBATÉ

GIRARDOT

RICAURTE

Participation: 50%Start of operation: dec 2016 Time of concession: 30 years

Vía Bogotá- Girardot, Cundinamarca

2019 1Q

Medellín – Caño Alegre and the Oriente Road Network

June, 1996

InitiationDate:

Ending Date:

Dicember, 2026

% of Conconcreto’s Stake:

25%Average Daily Traffic (ADT)

Toll Station

Cocorná

Puerto Triunfo

Guarne

Palmas

Total

1Q2018 2Q2018 3Q2018

1Q2018 2Q2018 3Q2018

Accumulated Financial Results

OperatingIncome

EBITDA*

1 The Corcorná and Puerto Triunfo Toll Stations were phased out from the concession beginning on September 1, 2018.

5.235 4.860 4.474

4.379 4.039 3.721

20.740 20.395 20.797

9.772 9.916 10.085

40.126 39.210 39.077

39.908 80.330 97.712

21.922 31.074 49.699

4Q2018¹

0

0

21.054

10.134

31.189

1Q2019

0

0

21.346

9.893

31.239

4Q2018

151.579

75.345

1Q2019

32.803

17.239Reference photo concession Devimed

2019 1Q

Vía Loboguerrero-Mediacanoa, sector la Balastera, carretera que estuvo cerrada por derrumbes de roca y tierra.

VÍA PACÍFICO (Buga - Buenaventura)

On March 28, the reversal of the concessioned infrastructure and reversible assets was made to the ANI. This process

terminated the reversal stage and the Project entered the liquidation stage of the concession contract.

2019 1Q

The Project is still in the approval phase by the Ministry of the Treasury, so there have been several rounds of observations and responses to the comments from the Entity. This process is customary in this type of projects.

Once the corresponding approvals have been provided, the Office of the Governor will begin the bidding process thereof.

DCO (Doble Calzada Oriente)

Foto de referencia concesión Devimed

Participation: 60%

COP 911.000 million

Length of 13.8 km (Including viaducts)of two lane road.

Approximated Investment:

Tablazo

Sancho Paisa

Medellín

Rionegro

Palmas

VarianteAeropuerto

Nuevo Peaje

Llanogrande

Proposed route - PPP

Roads belonging to the Devimed concession today.

2019 1Q

Relevant Events:Real-Estate Portfolio

The most relevant events

1. The distribution of yields was carried out for COP 27,000MM2. Operations began in the Colgate Distribution Center in Palmira, Valle del Cauca3. Construction began on the tailor-made warehouse for HomeCenter, located in the Logika Madrid

Logistics Park4. The remaining state (50%) was acquired in the assets Buró 26, located in Bogotá; and Buró 51,

located in Barranquilla5. Construction was completed on the Hilton Corferias Hotel, located in Bogotá. In March, it

initiated soft-opening operations. The Hotel’s opening event was held in April

NOI 1Q2019

$35.517 mill

Hotels

4%Offices

20%

Industry

26%Self-Storage

4%

Commerce

44%

International

2%

GLA 1Q2019

774.683 m2 in Operation

Commerce

28%

Industry

48%

Offices

18% Hotels

3%Self-Storage

3%

88% 88%76%

53%69%

85%*

Occupation at the Close of 1Q2019

* The weighted total occupation does not include the Hotel line

Commerce Offices Hotels TOTAL*Industry SelfStorage

Equity Adjusted to the Stake (40.3%)

829.917 840.933

40,3%40,4%

2018 1Q2019

* Calculated based on administrative information provided by PACTIA

ParticipationConconcreto

ParticipationConconcreto

2019 1Q

COP Miles de millonesBacklog

Backlog at the close of the year Distribution of the Backlog

2013 2014 2015 2016 1Q2019 April-Dec2019

2020 2021 202220182017

$2.000 $1.900

$2.551

$3.133 $2.395

$1.896

$1.512

$582 $230 $178 $174

2023

$174

2024

$174

Infraestructure%82

%18 Construction (including Housing)

CO

P Th

ousa

nds

of M

illio

ns

$1.418.679

$1.234.091

-$92.856

-$91.733

2018 Contracted Changeof scope

Executed 1Q2019

InfrastructureCOP Millions

$477.155

$278.079

-$118.254-$80.823

2018 Contracted Changeof scope

Executed 1Q2019

Construction (Including Housing)COP Millions

$29.933 $3.432

$22.184 -$3.026 -$8.155

2018 Contracted Changeof scope

Executed 1Q2019

Engineering and Design COP Millions

*Unification of theEngineering and Design Backlog methodology with that of Construction and Infrastructure.

Bogotá, CundinamarcaHotel Hilton Corferias

Consolidated financialResults 4Q2018

2019 1Q

Consolidated Ordinary Income

-2%

Corporate

$2.838 Housing

$12.368Construction

$137.236 Eliminations

$(4.698)

Corporate

$1.985 Housing

$20.445

Eliminations

$(1.540)

1Q2019$192.772 mill

1Q2018$195.888 mill

Investment

$45.027

Construction

$152.214

Investment

$22.785

$137.236 millIncome from Construction

$ 152.214 millIncome from Construction

-10% $2.210 Equipment

$39.669Building

$1.580Engineering & Design

$93.777Infrastructure

$3.558 Engineering & Design

$120.691 Infrastructure

$4.212 Equipment

$23.752 Building

Income from Investments

$45.027 mill98%

Industrial CC

19.995

14.743Other Real-Estate Assets

9.825Concessions

Housing Fund

465

Income from Investments

$22.785 mill

Industrial CC

15.9741.744Other Real-Estate Assets

4.612Concessions

Stakes

1.514

Stakes

49Housing Fund

454

2019 1Q

Consolidated EBITDA

Corporate

$(4.444)Corporate

$(6.445)

Housing

$89Housing

$(621)

1Q2019$53.007 mill

1Q2018$33.372 mill

Construction

$11.947Construction

$21.060

Investment

$45.416Investment

$19.379 59%

Construction EBITDA $11.947 mill

Construction EBITDA$21.060 mill

10.364 Infrastructure

(203)CommercialVice Presidency

(1.539) Ingeniería & Diseño

2.276Equipment

1.049 Building

13.687Infrastructure

(565)Engineering & Design�

2.664Equipment

5.274Building

-43%

Investment EBITDA

$45.416 mill134%Industrial CC

Industrial CC

2.857

10.929Pactia

Pactia32.305Concessions

(589)Stakes

(337)Corporate Finances (2.976)

Stakes

(63)CorporateFinances

Housing Fund

249

Investment EBITDA

$19.379 mill

Housing Fund

227

11.949 7.039Concessions

470

2019 1Q

CONSTRUCTORA CONCONCRETO S.A. CONSOLIDATED STATEMENT OF RESULTS(COP Million)

Real Mar. 2019 Real Mar. 2018 Var COP Var %Income from Ordinary Activities 192,772 195,888 (3,116) -2%Sales Costs (157,277) (169,183) 11,906 -7%Gross Profit 35,495 26,705 8,790 33%Gross Margin 18.4% 13.6%Other Income 21,978 2,127 19,851 933%

Administration and Sales Expenses (7,801) (7,546) (255) 3%Employee-Benefit Expenses (10,735) (11,511) 776 -7%Other Expenses (1,152) (1,905) 753 -40%

Other Profits (Losses) (188) 6,403 (6,591) -103%Equity Method (Association & Joint Ventures) 5,385 8,085 (2,700) -33%Operating Profit 42,983 22,358 20,624 92%Operating Margin 22.3% 11.4%Exchange Difference Profits (Losses) (22) (8,746) 8,724 -100%Financial Income 10,970 5,910 5,059 86%

Financial Costs (18,905) (17,975) (930) 5%Before-Tax Profit 35,025 1,547 33,477 2,164%Before-Tax Margin 18.2% 0.8%Tax Expense (4,543) (0) (4,543) 11,190,512%

Minority Interest (24) 487 (511) -105%Net Profit 30,457 2,034 28,423 1,397%Net Margin 15.8% 1.0%

EBITDA 53,007 33.372 19,635 59%EBITDA Margin 27.5% 17,0%

2019 1Q

Consolidated Financial Obligations

Dec - 2018

CorporateHousing

Construction

Investment

$172.820

$78.597

$535.986

$54.473

COP 841.875 millDec - 2017

Corporate

Housing

Construction

Investment

$213.744

$116.894

$561.654

$40.976

COP 933.269 millCorporate

Housing

Construction

Investment

4%

-12%

-7%

-14%

-8,2%COP 773.181 mill

CorporateHousing

Construction

Investment

$147.802

$69.000

$499.618

$56.761

Mar - 2019-9,8%

Corporate

Housing

Construction

Investment

33%

-33%

-5%

-19%

STATEMENTS OF THE CONSOLIDATED FINANCIAL SITUATION (COP Millions) Mar. 2019 Dec. 2018

Variation

COP %Current Assets 1,418,049 1,518,097 (100,048) -6.6%

Long-Term Assets 1,649,733 1,610,891 38,842 2.4%

Total Assets 3,067,782 3,128,988 (61,206) -2.0%Current Liabilities 657,946 731,032 (73,087) -10.0%

Long-Term Liabilities 903,558 923,920 (20,363) -2.2%

Total Liabilities 1,561,503 1,654,953 (93,449) -5.6%Total Equity 1,506,278 1,474,036 32,242 2.2%

Centro Empresarial Buró 25,Bogotá, Cundinamarca.

Question-and-Answer Session