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

2. 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.
2

3. Transportation and distribution of energy with involvement in other areas in the
energy sector.
EEB Strategy and Overview
Guatemala
Colombia
Perú
68.1%
Natural Gas
25%
Transportation Distribution
Electricity
Transmission
Distribution
100%
51.5% *
16.2%
51%
82%
51.5% *
2.5%
Generation
Natural Gas
Transportation Distribution
60%
15.6%
40%40%
1.8%
100%
Electricity
Transmission
75%
Eng & Services
Electricity
Transmission
100%
Eng & Services
98.4%
Focus on natural
monopolies
Growth in controlled
subsidiaries
Sound regulatory
framework
Ample access to
capital markets
 Operations in countries with strong
growth potential
– Colombia: regional leader in
electricty and natural gas and a
center for energy exports
– Peru: regional leader in mining and
energy-intensive industries
– Guatemala: a window for future
investments in Central America
 Exploration of opportunities in America
*EEB is not the controlling shareholder and is a party to signed shareholder agreements.
3

4. 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
Market share (%)
(Generation)
# 1 Peru
# 2 Colombia
# 1 Colombia
# 2 Colombia
Gas distribution
Market share (%)
(No. clients)
59.0%
Gas transportation
Market share (%)
(Average volume transported)
85.0%
Gas distribution
Market share (%)
(No. clients)
100.0%
# 1 Colombia
# 1 Colombia
# 1 Perú
57.6%
8.0%
26.6%
20.9%
Electricity transmission
Project ongoing
(850 Km L/T and 24 S/E)
# 1 Guatemala
4

5. Focus on natural monopolies
5

6. Strong Presence in Relevant Countries
Natural Gas
*Reservations to 3T12
Source: ANH, MEM, UPME
8,5
7,1
6,6
7,1
2009 2010 2011 2012
Natural Gas Reserves - Colombia - Tcf
843
884
831
894
994
2009 2010 2011 2012 2015E
Natural Gas Demand - Colombia - MMCFD
26,0
23,1
21,5 21,5
2009 2010 2011 2012*
Natural Gas Reserves - Perú - Tcf
333
417
484
528
950
2009 2010 2011 2012 2015E
Natural Gas Demand - Perú -MMCFD
6

7. 8,013 8,276 8,513 8,557
10,816
2009 2010 2011 2012 2015E
Electricity Demand - Guatemala - GWh
Source: ANH, MEM, UPME
Strong Presence in Relevant Countries
Electricity
54,679 56,148 57,157 59,367
66,044
2009 2010 2011 2012 2015E
Electricity Demand - Colombia - GWh
27,003
32,314
36,779
40,940
52,312
2009 2010 2011 2012 2015E
Electricity Demand - Perú - GWh
7

8. Stable and Growing income*
* Total of Operating Revenues per company
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
2008 2009 2010 2011 2012 2013
Natural Gas Distribution - USD mm
GAS NATURAL CÁLIDDA TOTAL
1.317,7
1.584,2
1.730,3 1.807,4
2.092,1 1.972,1
2008 2009 2010 2011 2012 2013
Electricity Distribution - USD mm
CODENSA DECSA EMSA TOTAL
136,2 152,4 162,1 181,5
207,3
288,9
2008 2009 2010 2011 2012 2013
Electricity Transmission - USD mm
REP CTM
279,6
365,2
401,9
439,1
536,4
578,1
2008 2009 2010 2011 2012 2013
Natural Gas Transportation - USD mm
TGI PROMIGAS TOTAL
8

9. Growth through controlled subsidiaries
9

10. Consolidated Financial Results – Evolution EBITDA
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.
81%
67%
56%
55%
61%
44%
45%
48%19%
33%
44%
45%
39%
56%
55%
52%
2006 2007 2008 2009 2010 2011* 2012** 2013
Consolidadted Adjusted EBITDA & Normalized Dividends
(USD Millon)
Dividends Operational EBITDA
240.9
471.3
416.4
515.6
586.4
818.5
921.7
705.0
EEB Transm,
Trecsa & EEBIS Gt
3%
TGI
39%
Decsa/EEC
4%
Cálidda, Contugás
& EEBIS
6%
Emgesa
22%
Codensa
15%
Gas Natural
3%
Promigás
3%
ISA, REP & CTM
4%
Otros
1%
EBITDA Consolidated Adjusted
LTM 2013
Per subsidiary
10

11. Ambitious projects under execution
11

12. Consolidating the Strategy
CAPEX Executed 2013: USD 385.7 mm CAPEX Executed 2013: USD 661.4 mm
Natural Gas Transportation
• CAPEX Exec. 2013: USD 35.1 mm
• Construction: Sabana Station: 34%
• Planning: Regional Syst. (4Q 14)
Electricity Transmission
• CAPEX Exec 2013: USD 32.4 mm
• Total Investment: USD 308 mm
• Under Construction 4Q:
• Armenia – 99%
• Alferez – 100%
• Tesalia – 77%
• Chivor II Norte – 16.9%
• SVC Tunal – 15.8%
Engineering and related services
• CAPEX Exec. 2013: USD 1.9 mm
• Sugarmills Investment: USD 44
mm
• Under construction
• Full operation 2014-15
Electricity Transmission
• CAPEX Exec. 2013: USD 82.4 mm
• Total Investment: USD 376 mm
• Started operation (partially): 4Q13
• Under construction:4Q 13: 59.6%.
• Delivered 2015
Natural Gas Distribution
• CAPEX Exec 2013: USD 97.5 mm
• Total investment: USD 500 mm
• By the end of 2016 it is expected to
have 455,000 customers
connected.
Natural Gas Transportation and
Distribution
• CAPEX Exec. 2013: USD 104.5 mm
• Total investment: USD 350 mm
• Under construction:4Q 13: 89%.
• Full operation 2Q 14
Electricity Generation
• CAPEX Exec. 2013: USD 333.6 mm
• Quimbo Project (400 MW)
• Total investment: USD 1.08 bn
• Exec 2013: USD 279 mm
• Accum. Exec: USD 564.8mm
• Execution 4Q-13: 57.3%
Electricity Distribution
• CAPEX Exec. 2013: USD 145.7 mm
• Projects executed 2013:
• New and existing demand
• Quality service and continuity
• Control operational risk
Electricity Transmission
• CAPEX Exec. 2013: USD 96.7 mm
• Extensions and new concessions;
2013- 2014
Electricity Transmission
• CAPEX Exec 2013: USD 20.5 mm
• Extensions and new concessions;
2013 - 2014
Natural Gas Transportation and
Distribution
• CAPEX Exec. 2013: USD 49.5 mm
• Total investment: USD 137 mm
• Liquefaction Plant: Invest. USD
34 mm 3Q14
• Pipeline Mamonal – Sincelejo:
USD 70 mm
Controlled Subsidiaries Non-Controlled Subsidiaries
12
Natural Gas Distribution:
CAPEX Exec. 2013: USD 15.5 mm
Electricity Transmission:
CAPEX Exec. 2013: USD 31.8 mm

13. 1.9
1.5 1.5 1.6 1.5
4.5
4Q 12 1Q 13 2Q 13 3Q 13 4Q 13
Net Debt / EBITDA Consolidated Adjusted
Net Debt / EBITDA Consolidated Adjusted OM <
8.8
12.9
12.4
9.1
11.1
2.5
4Q 12 1Q 13 2Q 13 3Q 13 4Q 13
EBITDA Consolidated Adjusted/ Interest
EBITDA Consolidated Adjusted / Interest OM >
Financial Plan
2013-2017 Investments & Funding Sources
2013 -2017 Funding Sources USD Millon
Cash Generation 1,937.5
Financial debt 3,278.6
Third Parties (Contributions of Capital) 10.0
Sources to be defined 2,320
TOTAL INVESTMENTS 7,546.1
Cash
Generation
26%
Financial
debt
43%
Third Parties
(Contribution
s of Capital)
0%
Other Non-
financial
sources
31%
Composition of Investments
M&A: 67%
Capex: 33%
13

14. Access to Capital Markets
14

15. Access to Capital Markets
Consolidated Debt Maturity Profile
USD Millions
GEB Transactions
USD Millions
USD 1,565 USD 1,542 USD 1,737 USD 1,869
USD 2,337
4,72% 3,43% 6,36% 2.7%
95,28% 96,57% 93,64%
97.3% 97.9%
2009 2010 2011 1S 2012 1S 2013
Consolidated Debt Composition - USD MM
Deuda Total %COP % USD
20132012
15

16. EEB Share Performance 2013
Ticker EEB:CB
As at Mar 18th, 2014 EEB’ market capitalization was USD 6,5 Billion
Trading volume tripled after the Equity Offering Nov 2011.
The stock is part of COLCAP, COL20, and COLEQTY
Average Target Price: COP 1,711 USD 0.84
16

17. Creating Value to shareholders
* Values for years prior to the 2011 dividend were adjusted to split 100:1 which enforced the
20.06.11 stocks. Shares outstanding from Nov. 11: 9,181,177,017
* In 4Q 10 there was an advance cut of financial statements, reason why during 1Q 11 EEB
decreed no dividends. 1Q 12 normalizes this effect.
97,7
353,8
571,0
157,1
390,6
437,8
327,3
91,8 142,6 368,0 109,0 228,3 306,5 203,4
94%
40%
64% 69%
58%
70%
62%
141%
40%
64%
105%
58%
70%
79%
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 Mm)
Net Profit Dividends Dividend payout on last year profit Dividend payout + Including realeased reserves
0.025
17

18. Financial Highlights
18

19. Consolidated Financial Results
515,6
944,0
557,0
723,5
921,7
2009 2010 2011 2012 2013
Consolidated EBITDA
(USD Millions)
353,8
571,0
157,1
390,6
437,8
2009 2010 2011 2012 2013
Net Income
(USD Millions)
455,3 487,2
731,8
896,4
1.016,4
2009 2010 2011 2012 2013
Operating Revenues
(USD Millions)
203,6
140,2
283,5
315,9 315,5
2009 2010 2011 2012 2013
Operating Profit
(USD Millions)
19

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 1897
fsanchez@eeb.com.co
Antonio Angarita
Investor Relations Officer GEB
+57 (1) 3268000 - ext 1546
aangarita@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
+57 (1) 3268000 – ext 1501
fcastilla@eeb.com.co
20