Grupo Energía Bogotá S A E S P : GEB - Presentación de Resultados 3Q21
November 29, 2021
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GEB Results Presentation
3Q21 and 9M21
November 30, 2021
1
3Q21in
Summary Operational diversification and new IFA-Enel leverage the results
Main Speaker:
Revenue
Operating Income
EBITDA
Net Income
Capex & Acquisitions
Controlled
3Q21
1.420
459
1.258
710
USD 80 mm
Jorge Tabares
12,0% YoY
3,0% YoY
107% YoY
48,3% YoY
32,5% YoY
CFO
3.984
1.306
3.794
1.868
USD 223 mm
9M21
6,4% YoY
0,3% YoY
25,3%(1) YoY
10,2% YoY
-53,3%(2) YoY
(COP billion)
By business line
Part. %
Owned operation and partners
963
Natural Gas Transportation
$ 273 (3)
(9,7%)
AAA / BBB, Baa2
25
4.327 Km Gas Pipelines
849 Mpcd of Installed Capacity
Dividends decreed
Ratings Nal / Intl.
920
24
Power Generation
(dividend yield)
3.542 MW Installed Capacity
3.794
9.891 GWh Generation
2,7x
7,7x
750
20
Power Distribution
EBITDA 9M21
Net Debt / EBITDA
EBITDA / Fin. expenses
4.3 million Connections
+25,3%
Natural Gas Distribution
19,0%
11,5%
588
15
3,7 million connections
572
15
Power Transmission
ROE LTM
ROA LTM
15.588 Km Transmission Lines
Normalized EBITDA grew 5.2% (excluding extraordinary dividends from Emgesa, Codensa and CTM).
2020 includes the acquisition of Argo for USD 330 mm, organic capex increased 51,9%
It includes an ordinary dividend of COP 147 (YoY +5;0%) and extraordinary dividends totaling COP 126. Dividend Yield calculated over the share price as of 30/09/21 (COP 2.816).
Results
3Q21 Increased dynamism in Peru and dividends accelerate EBITDA generation
COP billion
Consolidated EBITDA
Revenues
3Q YoY
1.420
+152 (+12,0%)
1.268
1.234
1.330
100
+9
+25,3%(1) (+765)
Power
91
100
99
177
+9
170
Distributon
168
164
-41
3.794
370
Power
349
410
343
Transmission
Natural Gas
774 +175
Transportation
599
626
712
Natural Gas
Distribution
3Q20
1Q21
2Q21
3Q21
Costs
Administrative expenses
Non-controlled dividends 50%
+73,4%(2)
1.103 vs 1.913
Normalized EBITDA grew 5,2%.
Normalized non controlled dividends grew 18,4%
-7
+32
Controlled
+129
686 vs 811
154 vs 192
+18,2%(3) 3QYoY
-6
+24,7% 3QYoY
EBITDA 50%
-2,3%
-2
-
1.926 vs 1.881
+12
+4
(3) Consolidated costs excluding pass through costs for network expansions in Peru grew 10,2%
3
Results
3Q21 Consistent growth of associates and lower financial expenses boost net income
COP billion
Net income 9M21
1.694 vs 1.868 +10,2%
-502 vs -493
1.868
-1,8%
Equity method
1.191 vs 1.510 +26,7%
+36%
+13%
+32%
657
4
7
16
79
49 50
54
59
81
88
66
70
97
131
325368
498
EMSA
Gebbras(1)
Vanti
REP
Argo (2)
CTM
Promigas(3)
Codensa
Emgesa
16,2%
99,9%
25,0%
40,0%
50,0%
40,0%
15,2%
51,3%
51,5%
(1)
Gebbras records 50% of GOT, MGE, TER and TSP. Currency diversification.
(3) Promigas: consolidated through EEB GAS S.AS
(2)
Argo starts to account in April 2020
4
Results
3Q21 Low leverage levels, few short-term maturities and diversified investment plan
USD mm
Debt composition
Acquisitions and Capex
Kd COP - 7,53% Kd USD - 3,8%
Fixed 73%
Net Debt / EBITDA
1.805
2,7x
+51,9%
Libor 14%
5-year
Organic
3.769
EBITDA / Net Financial
Capex
projection
Expenses
81% in USD
7,7x
CPI 13%
Cash position
DTF 0,1%
581
Debt maturity profile Sep-21(1)
918
836
355
750
410
449
456
424
320
90
112
101
112
86
30
65
29
56
47
//
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//
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2021
22
23
24
25
26
27
28
29
30
32
35
42
45
2047
Cálidda Intl. Bond
GEB Syndicated Loan
Contugas Syndicated Loan
TGI Intl. Bond
477
463
58
360
342
42
7
334
56
15
305
56
330
37
25
35
45
47
223
20
145
21
21
104
161
21
148
11
154
15
15
28
69
22
141
136
16
43
99
119
87
78
47
8
6
SEP-20
SEP-21
2021
2022P
2023P
2024P
2025P
BUDGET
Nominal debt balance. FX Sep 2021/USD (COP 3.834,68)
Cálidda
Transmission
Dunas
Trecsa & EEBIS
Contugas
TGI
TGI (Regasification Plant)
Acquisitions
5
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Grupo Energía Bogotá SA ESP published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 December 2021 22:29:09 UTC.
Grupo Energia Bogota SA ESP (GEB), formerly Empresa de Energia de Bogota SA ESP, is a Colombia-based company engaged in the natural gas utilities industry. The Company's activities are divided into four segments: Natural Gas Distribution, responsible for the distribution of natural gas through mains to individual and commercial customers; Natural Gas Transmission, offering transportation of natural gas to cities; Electricity Distribution, distributing electric power to individual and commercial customers, and Electricity Transmission, operating power transmission systems. In addition, the Company offers engineering and leasing services, as well as additional services related to electricity and natural gas. It operates in Colombia, Peru and Guatemala, among others. It owns a number of subsidiaries, such as Transportadora de Energia de Centroamerica SA (TRECSA) and Contugas SAC, among others. The Company is controlled by Capital District of Bogota, a local government.
GRUPO ENERGÍA BOGOTÁ S.A. E.S.P. 
