Corporate presentation 1 q 15 s.a vf

1. Empresa de Energía de Bogotá - EEB
A Regional Leader in the Energy Sector

2. EEB Overview
Wide energy Portfolio: Network and Services
Focus on natural
monopolies
Growth through
controlled subsidiaries
Sound regulatory
framework
Ample access to
financial markets
2
Shareholders: Bogotá D.C. 76.28%, Ecopetrol 6.87%, Corficolombiana 3.56%, AFPs 10.19%, Others 3.09%.

3. 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
# 3 Colombia
Gas distribution
Market share (%)
(No. clients)
59.0%
Gas transportation
Market share (%)
(Average volume transported)
84.7%
Gas distribution
Market share (%)
(No. clients)
100.0%
# 1 Colombia
# 1 Colombia
# 1 Perú
57.6%
10.10%
26.6%
21.2%
Electricity transmission
Project ongoing
(850 Km L/T and 24 S/E)
# 1 Guatemala
3
19.1%

4. Focus on natural monopolies and attractive
energy markets

5. Strong Presence in Relevant Countries
Natural Gas
Source: ANH, MEM, UPME (medium scenario) 5
Bucaramanga
Bogota
Neiva
Cali
Medellin
3.15 tcf
1.97 tcf
Eastern
Producers:
Ecopetrol
Equion
Upper Magdalena Valley
Lower and Middle
Magdalena Valley
Northern
Producers:
Chevron
Ecopetrol 1.89 tcf
References
Natural Gas Reserves
City
Field
Colombia | Natural Gas
Residential
Industrial
Natural gas pipeline
Main grid expansion
Peru | Natural Gas
Proveed
Reserves
14,626
BCF

6. Strong Presence in Relevant Countries
Electricity
Source: ANH, MEM, XM, UPME (medium scenario)
6

7. Stable and Growing Income*
7* Total of Operating Revenues per company – aggregated figures for comparable purposes.
Stable and Growing Income*
Predictability and stability in regulated revenues. 81% of revenues comes from regulated business.
1,159,771
(605.9)
1,693,167
(871.6)
1,902,952
(1,076.2)
2,136,496
(1,108.8)
2,530,768
(1,144.7)
722,768
(297.9)
2010 2011 2012 2013 2014 1Q 15
Natural Gas Distribution
COP mm (USD mm)
GAS NATURAL CÁLIDDA TOTAL
3,311,701
(1,730.3)
3,513,739
(1,808.7)
3,699,245
(2,092.1)
3,799,898
(1,972.1)
4,092,963
(1,710.7)
1,407,702
(546.5)
2010 2011 2012 2013 2014 1Q 15
Electricity Distribution
COP mm (USD mm)
CODENSA EEC EMSA TOTAL
769,161
(401.9)
853,053
(439.1)
948,514
(536.4)
1,113,894
(578.1)
1,365,600
(570.8)
409,444
(158.9)
2010 2011 2012 2013 2014 1Q 15
Natural Gas Transportation
COP mm (USD mm)
TGI PROMIGAS TOTAL
310,176
(162.1)
352,579
(181.5)
366,552
(207.3)
556,743
(288.9)
705,122
(294.7)
441,444
(171.4)
2010 2011 2012 2013 2014 1Q 15
Electricity Transmission
COP mm (USD mm)
REP CTM EEB Transmisión TOTAL

8. Growth through controlled subsidiaries and
Brownfield opportunities

9. Consolidated Financial Results
Evolution EBITDA
9
Normalized Dividends:
(1) Figures for the years 2006 - 2014 are presented under ColGaap standards. For
1Q 2015 LTM are presented under IFRS. LTM IFRS figures are estimated and
preliminary, subject to changes, independent auditor’s revision. Final Comparable
figures will be available as of December 31th 2015.
(2) 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.(2.1) Anticipated
dividends declared by Codensa on first half 2011, were included in 2012.
(3) 2014 excludes dividends declared based on an early close of Gas Natural’s,
Emgesa’s and Codensa’s financial statements. These figures are included in 2015,
when such dividends would normally have been declared.

10. Ambitious projects under execution

11. Financial Plan
2013-2019 Investments & Funding Sources
11
Composition of Investments* USD mlls %
Brownfield 877.8 48.2
Greenfield 942.6 51.8
*Mainly concentrated on electricity transmission
bussinesses (COL/Overseas)
2013-2019 Funding
Investments
USD
mlls
%
Cash Generation 2013-2014 507 15%
Incremental Debt 2013-2014 1,092 32%
Subtotal 2013-2014 1,599 47%
Cash Generation 2015-2019 523 15%
Incremental Debt 2015-2019 1,297 38%
Subtotal 2015-2019 1,820 53%
TOTAL 2013-2019 3,420 100%
64 80
220 229 231 199
21
84 74
148
35 36
90
202 143
118
91 85
75
73
16
200
880
385.7
1,213.4
792
344 316
274
94
2013 2014 2015e 2016e 2017e 2018e 2019e
EEB CAPEX Profile-Controlled Companies
USD MM
Electricity Colombia
Electricity Overseas
Natural Gas Colombia
Natural Gas Overseas
Services
M&A Electricity
M&A Natural Gas
(1) Covenant associated to this indicator is currently suspended since the bond EEB 2021 has investment grade, granted by three risk rating agencies
monitoring the latter. Covenant established in Offering Memorandum of USD.749,000,000 EEB 6.125% Senior Notes due 2021. *It includes anticipated dividends.
(2) Only for comparative purposes and due to transition to IFRS, 1Q 15 debt metrics have been estimated by adjusting COLGAAP last year figures. These figures
are subject to change.
(3) Increase in mainly explained by increase of foreign exchange USD/COP movements.

12. Consolidating the Strategy
Subsidiaries
12
Projects Update
EEB Transmission as of 1Q 2015 (Expected Annual Revenue)
TRECSA
• Guatemala’s interconnection System – 81%
UPME Project Status
EAR
USD MM
On stream
Armenia 78.5% 1.28 2Q 2015
Tesalia 82.6% 10.9 4Q 2015
Chivor II Norte 43.0% 5.52 3Q 2015
SVC Tunal --% 7.8 4Q 2014
Bolívar-TermoCartagena 10.9% 11.2 1Q 2017
Sogamoso-Norte 13.9% 21.2 3Q 2017
Rio Cordoba Substation Project Awarded 1.81 4Q 2016
Southwest Reinforcement Project Awarded 24.37 3Q 2018
Río Cordoba
Transformadores
Project Awarded 0.6 4Q 2016
La Loma Project Awarded 1.29 4Q 2016
Ecopetrol San Fernando Project Awarded N.A 2Q 2017
TOTAL 85.96
*It includes USD 170 million Brazil acquisition. This is an on-going
process and disbursement will be completed during 2H 2015.

13. 13
Consolidating the Strategy
Associates
Projects Update
EMGESA
• Quimbo Project (400 MW)
• Total investment: USD 1,231 mm
• Execution 1Q-15: 89 %
• Full operation: 2H 15
CODENSA
• On-going projects: Nueva Esperanza, Norte,
Bacatá Substations
• New and existing demand
• Quality service and continuity
• Control operational risk

14. Access to Financial Markets

15. Access to Financial Markets
15
EEB
Baa3 Positive
BBB- Stable
BBB/AAA(col) Stable
TGI
Baa3 Stable
BBB- Stable
BBB Stable
Cálidda
Baa3 Stable
BBB- Stable
BBB- Stable
* An additional USD 8 million will be disbursed during 2015
*
Indebtedness in USD increased as a result of TGI’s shares
acquisition (31.92%) through IELAH’s SPV.
* Syndicated loan acquired by Contugas (USD 342 MM) and additional
indebtedness incurred by SPV in order to reacquire 31.92% of TGI IELAH
(USD 569 MM)

16. +38.4%
EEB Share Performance
Ticker EEB:CB
As of March 31th, 2015 EEB’ market capitalization was USD 6.5 Billion
Trading volume tripled after the Equity Offering Nov 2011.
The stock is part of COLCAP,COLEQTY and COLIR.
Average Target Price1Q15: USD 0.72 COP 1,874 (Potential upside return: 13.5%)
EEB Share Performance 1Q 2015
Price Valuation1Q15 16.6%
16

17. Creating Value to shareholders
17
(1) The values of years prior to 2011 dividend were adjusted split 100: 1, which applies
the 20.06.11 shares. Outstanding shares of November 11: 9,181,177,017
(2) here was an anticipated close of the Financial Statements, reason why during 1Q
11 EEB decreed no dividends, 1Q 12 normalizes this effect.

18. Financial Highlights

19. Consolidated Financial Results*
19
Figures for the years 2006 - 2014 are presented under ColGaap standards. For 1Q 2015 LTM are presented under IFRS. LTM IFRS figures are estimated and preliminary,
subject to changes, independent auditor’s revision.
1) 2014 excludes dividends declared based on an early close of Gas Natural’s, Emgesa’s and Codensa’s financial statements. These figures are included in 2015, when such
dividends would normally have been declared.
2) 1Q 15 Normalized by including the dividends declared.
(1) (2)

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
Fabián Sánchez Aldana
Investor Relations Advisor GEB
+57 (1) 3268000 – Ext 1827
fsanchez@eeb.com.co
Nicolás Mancini Suárez
Financing and Investor Relations Manager GEB
+57 (1) 3268000 - Ext 1536
nmancini@eeb.com.co
Rafael Andrés Salamanca
Investor Relations Advisor GEB
+57 (1) 3268000 – Ext 1675
rsalamanca@eeb.com.co
Felipe Castilla Canales
Chief Financial Officer - GEB
20

21. 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.
We converted some amounts from Colombian pesos into U.S. dollars solely for
the convenience of the reader at the TRM published by the SFC as of each
period. These convenience translations are not in accordance with U.S. GAAP
and have not been audited. These translations should not be construed as a
representation that the Colombian peso amounts were, have been or could be
converted into U.S. dollars at those or any other rates.