Latin Finance - September/October 2010 - 51

ISA and its companies, ahead in linear infrastructure systems
ISA IN LATIN AMERICA

By the year 2016 ISA will have become a corporation with revenues worth USD3.5 billion, of which 80% will be generated outside Colombia, and at least 20% will come from businesses other than energy transmission.

CENTRAL AMERICA

ISA, shareholder of EPR
(11.11%) SIEPAC project under construction

Interconexión Eléctrica Colombia – Panama –ICP–
ISA’s stake 50%, project under study
COLOMBIA

ISA has presence in Colombia, Brazil, Peru, Chile, Bolivia, Ecuador, Panama and Central America. Through its affiliates and stakes in other companies, ISA works in the design, construction, administration, and operation of linear infrastructure systems in the fields of electricity, telecommunications connectivity, infrastructure projects and road concessions. Today, ISA has 10 companies in the energy transmission sector, operating more than 38,000 km of high-voltage circuits. In infrastructure for telecommunications connectivity, ISA has access to more than 12,000 km of fiber-optic cable in Latin America and is able to transmit data from Venezuela to Peru. Since 2007, ISA is working to enter into the road concessions sector. At the end of 2009, ISA subscribed an agreement to acquire 60% of capital in Cintra Chile Ltda., a company that operates 5 road concessions totaling 907 km. Likewise, at the beginning of 2010, it subscribed an agreement with the Colombian Government to develop the project Autopistas de la Montaña, which includes 900 km for construction, and 1,251 km for operation and maintenance.

ISA ISA ISA, Autopistas de
la Montaña project

BOLIVIA

ISA Bolivia

TRANSELCA XM DERIVEX 49.95% investment
through XM and 0.025% through INTERNEXA (Col)

BRAZIL

INTERNEXA

CTEEP Pinheiros Serra do Japi INTERNEXA, project under study ISA Capital do Brasil

ECUADOR

TRANSNEXA
50% investment through INTERNEXA
CHILE

INTERNEXA ISA Agreement suscribed to acquire 60% of Cintra Chile Ltda.

PERU

ISA Perú REP TransMantaro INTERNEXA Proyectos de Infraestructura del Perú –PDI–

Business Units
Electric Energy Transport Market Operation and Administration Construction of Infrastructure Projects Telecommunications Transport Road Concessions Investment Vehicle

Consolidated figures
(USD Million) Operating revenues EBITDA Net Income EBITDA Margin (%) Operating Margin (%) Net Margin (%) COP/USD 6M10 865 636 91 73.5 54.7 10.5 1,916 2009 1,618 1,177 154 72.8 52.7 9.5 2,044 2008 1,411 1,014 105 71.8 54.2 7.5 2,244 2007 1,401 970 112 69.3 45.6 8.0 2,015

The Company’s strategy is focused on new opportunities in the region, diversification in markets, sectors and currencies, increasing margins through operating efficiency, as well as having a sound capital structure and constructive working relations with regulators.

Growth strategy

increased company’s value, but also intends to guarantee the full exercise of their rights and a strict compliance with its obligations to shareholders.

June/10
Fitch Ratings: affirmed the AAA rating for the third domestic bond issue and the domestic bond issuing program (stable outlook).

ISA’s risk rating

Corporate governance and social responsibility
ISA recognizes the importance of its shareholders and investors. Accordingly, while acting with social responsibility, it not only seeks the return on their investment and

Amounts expressed in USD million do not reflect accounting techniques applied. 6M10 figures are unaudited

February/10
S&P: affirmed the BB+ ratings to both local currency and foreign currency credit (stable outlook).

InvestorRelations@isa.com.co www.isa.com.co

For more information please contact:
http://www.isa.com.co http://www.isa.com.co
Latin Finance - September/October 2010

Table of Contents for the Digital Edition of Latin Finance - September/October 2010
