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Page 1: CORPORATE PRESENTATION...CORPORATE PRESENTATION 1. ABOUT ODINSA Long term vision of the future We create connections that boost competitiveness and generate opportunities Backing by

CORPORATE

PRESENTATION

1

Page 2: CORPORATE PRESENTATION...CORPORATE PRESENTATION 1. ABOUT ODINSA Long term vision of the future We create connections that boost competitiveness and generate opportunities Backing by

ABOUT ODINSA

Long term vision

of the future

We create connections that

boost competitiveness and

generate opportunities

Backing by

Grupo ArgosSustainability

WE ARE THE CONCESSIONS

COMPANY OF GRUPO ARGOS

We promote, structure, develop and manage road and airport infrastructure projects.

We generate strategic connections to contribute to the regions’ competitiveness and bring people closer.

This is possible by keeping the following

attributes in mind:

Financial strength

2

Page 3: CORPORATE PRESENTATION...CORPORATE PRESENTATION 1. ABOUT ODINSA Long term vision of the future We create connections that boost competitiveness and generate opportunities Backing by

Participation in high

impact projects in

Latin America

Adequate mix of

assets in different

stages

Origination of

infrastructure

projects

Strategic position,

financial strength and

in-depth knowledge of

the business as well as

the region, which makes

us a competitive

organization in the market

Generation of shared

value for society and the

company with projects

which have been

developed

conscientiously and in

balance with the

environment and

communities as to leave

a positive footprint

High Corporate

Governance

standards in line with

the Business Group.

Backing by a business

group with over 80 years

of history.

Solid and

diversified

portfolio

Financial

strengthSustainability

Backing by

Grupo Argos

3

Page 4: CORPORATE PRESENTATION...CORPORATE PRESENTATION 1. ABOUT ODINSA Long term vision of the future We create connections that boost competitiveness and generate opportunities Backing by

SUSTAINABILITYWe advance our projects in balance with the environment and people’s rights.

We leave our footprint as allies to the local and regional development.

We always seize opportunities to learn.

Solid investment.

High Corporate

Governance and

Sustainability

standards

CODES

Code of Good Governance

Code of Business

Conduct

POLICIES

Policy for the management of

fraud, bribery and corruption

Policy for auto-control and risk

management of money

laundering and financing of

terrorism

Relationship policy between

related companies

Data protection policy

Policy for gifts and

favors

CHANNELS OF

COMMUNICATION

Transparency line

Annual declaration of

potential sources with

conflict of interest

We generate

shared value and

manage our

business

responsibly,

following good

practices in

Corporate

Governance and

Sustainability

4

Page 5: CORPORATE PRESENTATION...CORPORATE PRESENTATION 1. ABOUT ODINSA Long term vision of the future We create connections that boost competitiveness and generate opportunities Backing by

Green Corridor, Aruba

Autopistas del Nordeste, República Dominicana

Boulevard Turístico del Atlántico, República Dominicana

Malla Vial del Meta, Colombia Conexión Pacífco 2, Colombia

Túnel Aburrá Oriente, Colombia

Autopistas del Café, Colombia

Our portfolio

ROAD CONCESSIONS

AIRPORT

CONCESSIONS

ROAD

CONCESSIONS

AIRPORT

CONCESSIONS2 7

1CONSTRUCTION

1PRE-

CONSTRUCTION

5OPERATION AND

MAINTENANCE

Not controlled participation in the Mariscal Sucre (Quito) and El Dorado (Bogota) airports.

El Dorado, Colombia Mariscal Sucre, Ecuador

5

Page 6: CORPORATE PRESENTATION...CORPORATE PRESENTATION 1. ABOUT ODINSA Long term vision of the future We create connections that boost competitiveness and generate opportunities Backing by

AIRPORT CONCESSIONS

DOMINICAN

REPUBLIC

ROAD CONCESSIONS

1. Highways of the Northeast

2. Touristic Boulevard of the

Atlántico

ROAD

CONCESSIONS

60%

35%

30%

47%

79% 53% 51% 100%

68% 68%

ECUADOR

AIRPORT

CONCESSIONSInternational Airport Mariscal

Sucre

ARUBA

ROAD CONCESSIONS

Green CorridorAKF

Odinsa

Grupo Argos

Others

ADN BTA

Pacífco 2 Green CorridorAburrá Oriente tunnel

Opain Quiport

COLOMBIA

ROAD CONCESSIONS

1. Highways del Café

2. Connection Pacífco 2

3. Road network of the Meta

4. Concession Aburrá Oriente tunnel

AIRPORT CONCESSIONS

5. International Airport El Dorado

IP6. IP New airport in Cartagena

7. IP Perimeter of the Sabana

8. IP Bogota airport system

9. IP Airfield

1

6

4

7

5 8 9

3

1

2

2

We are present in 4 countries

Road Network of the Meta

6

Page 7: CORPORATE PRESENTATION...CORPORATE PRESENTATION 1. ABOUT ODINSA Long term vision of the future We create connections that boost competitiveness and generate opportunities Backing by

A talented team

Teamwork as a main source for

the consolidation of

knowledge.

Innovation as a differentiator

to leave our footprint where

we have operations.

Leadership that inspires and

motivates the achievement

of big entrepreneurial

challenges and the

experience of values.

4.349

1.946

TOTAL CO-WORKERS

6.295

Direct Indirect

Odinsa: Airports: Roads:

91 2.976 3.552

7

Page 8: CORPORATE PRESENTATION...CORPORATE PRESENTATION 1. ABOUT ODINSA Long term vision of the future We create connections that boost competitiveness and generate opportunities Backing by

CO-WORKERS

1.561

COLOMBIA

797 kmin operation

1.991

Direct

Indirect

3.552

Featured figures

4 countriesin operation

ANNUAL TRAFFIC

OF VEHICLES

37,7million

103,231per day

ANNUAL PASSENGER

TRAFFIC

40million passengers in 2019

965.000tons of cargo

AIRPORT

CONCESSIONS

CO-WORKERS

ROAD

CONCESSIONS7 2

2.130

846

2.976

Direct

Indirect

8

Page 9: CORPORATE PRESENTATION...CORPORATE PRESENTATION 1. ABOUT ODINSA Long term vision of the future We create connections that boost competitiveness and generate opportunities Backing by

I am a student.

I assume responsibility.

We are humble

We are curious

We are punctual

We are respectful We are autonomous

We are efficient

I work impeccably.

I am competent and profitable.

We are adaptable

We are digital

We are ethical

I take care of my physical,

mental and emotional balance.

I generate trust.

I am always service minded.

I work today facing the future.

We always learn

We are the best option

We advance in balance

We leave a footprint

Our values and behaviors

ODINSA CULTUR

Beh

avio

rs

We are committed

9

Page 10: CORPORATE PRESENTATION...CORPORATE PRESENTATION 1. ABOUT ODINSA Long term vision of the future We create connections that boost competitiveness and generate opportunities Backing by

Odinsa and concessions in 2019

TRUSTSuccessful placement of bonds in the international market:

Mariscal Sucre issued USD 400 million

El Dorado placed USD 415 million and has a BBB qualification by Fitch

Ratings.

Highways del Café optimized its capital structure through a debt of COP 250k mm

WORKSWork on the expansion of the passenger terminal of the Mariscal Sucre Airport

has begun with an investment of USD 60 million.

COMPLIANCEThe concessionaire Opain closes the expansion and modernization stage of the El

Dorado airport, according to the work schedule and contract specifications, with an

investment of COP 2,6 billion

SUSTAINABILITYOdinsa’s first voluntary participation in the Dow Jones Sustainability Index in

which it ranks 10th out of 33 companies.

ADVANCESThe works of the Otrosí 20 in Highways del Café proceed, and the Otrosí 22 has

been signed, which will count with an investment of COP 22.000 million to continue

promoting connectivity in the Coffee Region.

EFFICIENCYPositive advance of the Pacífco 2 works ahead of schedule, with construction

milestones such as the Mulatos tunnel breakthrough and the reception of the

UF1 by the National Infrastructure Agency (ANI as per its Spanish acronym).

COMMITMENT The Mariscal Sucre airport has become the first international airport in Latin

America with a carbon neutral footprint,and El Dorado has been granted with the

Level 2 Reduction certification by the Airport Carbon Accreditation program

(ACA).

COMPETITIVENESSFour private initiatives in feasibility stage: new airport in Cartagena, Airfield, Bogota

Airport System and Perimeter of the Sabana.

GROWTHAcquisition of a 53% stake in the Aburrá Oriente tunnel concession, which

strengthens the company’s portfolio and its presence in Colombia.

10

Page 11: CORPORATE PRESENTATION...CORPORATE PRESENTATION 1. ABOUT ODINSA Long term vision of the future We create connections that boost competitiveness and generate opportunities Backing by

CURRENT PROJECTSCHARACTERISTICS

11

Page 12: CORPORATE PRESENTATION...CORPORATE PRESENTATION 1. ABOUT ODINSA Long term vision of the future We create connections that boost competitiveness and generate opportunities Backing by

RELEVANT FIGURES

Location: Bogota, Colombia

Operated by: Opain 2027YEAR OF

COMPLETION

Passengers transiting through the airport

Millions of passengers

EBITDA

Millions in COP

2015 2016 2017 2018 2019

217.693

265.121

281.108

370.480

344.467

2012 2013 2014 2015 2016 2017 2018 2019

15,8 17,4 19,1 20,8 21,3 20,6 21,6 23,2

25,022,5

27,430,930,0 31,0

32,7 34,3

6,77,6

8,49,2 9,8

10,411,1 11,14

EL DORADOAIRPORT

12

Page 13: CORPORATE PRESENTATION...CORPORATE PRESENTATION 1. ABOUT ODINSA Long term vision of the future We create connections that boost competitiveness and generate opportunities Backing by

IN GENERAL

In the first quarter of

2017 30%

In December of

2017the extension of approximately 50.000additional

square meters of terminal was inaugurated, of which

22.000 are restaurants and VIP lounges.

223.700m2 of constructed terminal area.

In 2019connected approximately

35 million passengers.

In 2019 placed successfully

USD415 million in bonds in the international market

AIRLINES

24 6 21

DESTINATIONS

46 42

LOCATION

Bogota / Colombia

international domestic cargo

international domestic

USD 415million placed as bonds with a BBB

qualification by Fitch Ratings

El DoradoAirport

Grupo Argos completed

the purchase of

13

Page 14: CORPORATE PRESENTATION...CORPORATE PRESENTATION 1. ABOUT ODINSA Long term vision of the future We create connections that boost competitiveness and generate opportunities Backing by

El Dorado Airport in the last year

HIGHLIGHTS

In 2019, the official

closure of the

expansion and

modernization stage

was carried out with an

investment equivalent

to COP 2,6 billion.

Opened seven new

routes:

Munich (Germany),

Santa Cruz de la Sierra

(Bolivia), Barcelona

(Venezuela), Maracaibo

(Venezuela), Valencia

(Venezuela), Porlamar /

Isla Margarita

(Venezuela) and

Asunción (Paraguay).

Ranks first in cargo

volume in Latin

America and 3rd in

passenger traffic.

Closed the year with

269 commercial

premises and some

165 brands.

Started a technical

transformation

program: installation of

self check-in kiosks;

biometric gates at

emigration (iris

identification);

information screens;

automatic pre-security

doors; Airport

Collaborative Decision-

Making system that

provides information for

decision making and

processes, as well as

users’ times optimization.

Counts with a 10.369

solar panel energy

system that generates

approximately 12% of

the terminal’s energy.

Received recognition

for: Zero Waste Gold

Certification; Level 2

Airport Carbon

Accreditation.

1

2

3

4

5

6

7

14

Page 15: CORPORATE PRESENTATION...CORPORATE PRESENTATION 1. ABOUT ODINSA Long term vision of the future We create connections that boost competitiveness and generate opportunities Backing by

RELEVANT FIGURES

Location: Quito, Ecuador

Operated by: Corporación

Quiport S.A.

2041 YEAR OF

COMPLETION

Passengers transiting through the airport

Millions of passengers

EBITDA

Millions in USD

2015 2016 2017 2018 2019

116 107 106111

120

2012 2013 2014 2015 2016 2017 2018 2019

3,5 3,4 3,3 3,0 2,7 2,6 2,8 2,7

5,45,3

5,6

4,95,4

4,9 5,2 5,1

1,8 2,1 2,32,4

2,1 2,2 2,4 2,4

MARISCAL SUCREAIRPORT

15

Page 16: CORPORATE PRESENTATION...CORPORATE PRESENTATION 1. ABOUT ODINSA Long term vision of the future We create connections that boost competitiveness and generate opportunities Backing by

IN GENERAL Mariscal SucreAirport

In December of

2015Odinsa Holding acquired 50% of the company owning

93% of the shares of the Mariscal Sucre de Quito (UIO),

Ecuador concessionaire.

In 2019placed successfully

USD 400 million in bonds in the international market

LOCATION

Quito / Ecuador

AIRLINES

14 2 243.700passengers cargo tons of cargo per year

USD 400

DESTINATIONS

11 16international domestic

million issued as bonds with a BBB

qualification by Fitch Ratings

It is part of a strong domestic origin-destination

travel market.

as well as with installations which can be adapted to further growth.

It counts with a flexible runway structure

16

Page 17: CORPORATE PRESENTATION...CORPORATE PRESENTATION 1. ABOUT ODINSA Long term vision of the future We create connections that boost competitiveness and generate opportunities Backing by

Mariscal Sucre Airport in the last year

The expansion began

with an investment of

USD 60 million.

Rewards: Skytrax Best

Regional Airport in South

America and Best Airport

Staff in South America.

Has started the

expansion works of the

passenger terminal,

which will count with a

usable area of 16.000

square meters, with an

investment of USD 60

million. Once the work is

completed, the terminal

will increase by 35% in

areas such as departure

lounges, public arrivals

and departures halls, a

migration area, as well as

customs and baggage

claim halls.

Incorporated one

domestic and four

new international

airlines in addition to

expanding the offer of

routes to 4 international

and 5 domestic

destinations.

1

2

3

4

5

HIGHLIGHTS

Has become the first

international airport to

achieve a carbon

neutral footprint in

Latin America.

17

Page 18: CORPORATE PRESENTATION...CORPORATE PRESENTATION 1. ABOUT ODINSA Long term vision of the future We create connections that boost competitiveness and generate opportunities Backing by

RELEVANT FIGURES

Total traffic

Thousands of vehicles

EBITDA

Millions in COP

2015 2016 2017 2018 2019

46.788

62.491

80.351

35.228

63.997

2012 2013 2014 2015 2016 2017 2018 2019

10.5809.777

11.328

12.89112.147 12.544

12.08012.330

HIGHWAYSDEL CAFÉ

270 KMLENTGH

Location: Coffee Region, Colombia

Operated by: Autopistas del Café 2027YEAR OF

COMPLETION

VEHICLES

33.801 *in 2019

Average per day

18

Page 19: CORPORATE PRESENTATION...CORPORATE PRESENTATION 1. ABOUT ODINSA Long term vision of the future We create connections that boost competitiveness and generate opportunities Backing by

IN GENERAL

Highways

del Café

Capital structure optimized in 2019 with a long-

term credit of COP 250k million.

First generation concession with Guaranteed Minimum Income (GMI).

In the last years, the yield of the concession has

exceeded the IMG. exceeded the GMI.

toll

stations7 4 customer service centers

operational

control center1 1 weighing station

THE PROJECT

256 5

LOCATION

Risaralda, Quindío,

Caldas, Cauca Valley

/ Colombia

Kilometers of roadways Pedestrian bridges

63.7

4Overpasses at critical points of the

trajectory

COP 250.000

BridgeKilometers of two-lane roadways

Helical + tunnel

million in support by the investment bankNew debt to optimize capital structure

19

Page 20: CORPORATE PRESENTATION...CORPORATE PRESENTATION 1. ABOUT ODINSA Long term vision of the future We create connections that boost competitiveness and generate opportunities Backing by

The concession

advanced the work on

the Otrosí number 20,

such as the El Jazmín

intersection between

Risaralda and Caldas,

the pedestrian bridge El

Rosario and the

Postobón bridge in

Dosquebradas. Highways del Café provide tourists and residents

of the region an experience of closeness through

the customer service centers called Tambos.

Highways del Café, UTP and the Risaralda

Governance created together with local artists the

biggest bird mural in the region.

It counts with a mobile app that provides real time

information on the state of roads, services and

maintenance.

Prepares the

construction of a

wastewater treatment

plant in Pereira, as

well as 250 individual

septic systems in

Manizales, Pereira,

Santa Rosa, Circasia,

Salento and Filandia.

2

45

Highways del Café in the last year

Reforested 25 hectares

by planting 27.500 trees

and so protect the Río

Quindío source1

Signed the Otrosí 22,

with the aim to

develop new works

and an investment of

COP 22.000 million,

and thus enhancing

connectivity and

mobility in the Coffee

Region.

HIGHLIGHTS

3

20

Page 21: CORPORATE PRESENTATION...CORPORATE PRESENTATION 1. ABOUT ODINSA Long term vision of the future We create connections that boost competitiveness and generate opportunities Backing by

RELEVANT FIGURES

Total traffic

Thousands of vehicles

EBITDA

Millions in COP

2015 2016 2017 2018 2019

307

9.677

23.472

120.765

177.997

2.2762.222

2.4982.617

2.591

CONNECTIONPACÍFICO 2

96,5 KMLENGTH

Location: Antioquia, Colombia

Operated by : Concession La Pintada 2043YEAR OF

COMPLETION

VEHICLES

7.150 *in 2019

average per day

2015 2016 2017 2018 2019

21

Page 22: CORPORATE PRESENTATION...CORPORATE PRESENTATION 1. ABOUT ODINSA Long term vision of the future We create connections that boost competitiveness and generate opportunities Backing by

IN GENERAL

(with futures in pesos and dollars and different

collection modes) with mitigated traffic risk

i) Adjudicated on 22 May 2014; ii) Initiation act: 11 November 2014;iii) delivery of the UF1 on 9 April 2019

The construction stage is expected to be completed by the end of

4G Public

Initiative

APP

2020

Connection

Pacífico 2

Construction stretch:

Some contractual milestones:

Operation and maintenance stretch:

THE PROJECT

1

LOCATION

Antioquia, Coffee Region,

Cauca Valley and the

Pacífico / Colombia

Double tube tunnel of 2,5 kilometers

44

40,2Bridges

Kilometers of new roadways:

3.1 km single lane

+ 37.1 km double lane

54Kilometers of

restored roads

La Pintada – Bolombolo La Pintada - Primavera

(44 km) (54 km)

22

Page 23: CORPORATE PRESENTATION...CORPORATE PRESENTATION 1. ABOUT ODINSA Long term vision of the future We create connections that boost competitiveness and generate opportunities Backing by

100% of the environmental licenses were approved.

Implementation phase of the Wildlife Crossings,

installation of cameras traps for the

identification of species.

In alliance with Celsia and the Grupo Argos

Foundation, more than 240.000 trees have been

planted for the protection of the Cartama river.

Planting of 1.000 trees in tourist eco park Los

Farallones de La Pintada.

The financial closing was carried out in

September 2016 with an amount of 250 million

dollars and an amount of 510.000 million pesos.

In 2017, the first disbursement of

the financing was achieved.

In 2018, the project was given the Best Loan

award by LatinFinance for its successful

financing process.

Connection Pacífico

Work progress has

been faster than

planned by the ANI. It

concluded in 2019

with an 81,15%

advance.

On 26 March 2019, the

breakthrough of the

Mulatos tunnel was

achieved.

2

45

Successful delivery of

the Functional Unit 5 on

16 January 2017 and the

UF1 in April 2019.

First 4G project to

deliver a functional

unit.

HIGHLIGHTS

1

3

23

Page 24: CORPORATE PRESENTATION...CORPORATE PRESENTATION 1. ABOUT ODINSA Long term vision of the future We create connections that boost competitiveness and generate opportunities Backing by

RELEVANT FIGURES

GREEN CORRIDOR

34 KMLENGTH

Location: San Nicolás, Aruba Operated by: CaribbeanInfrastructure Company (CIC)

2035YEAR OF COMPLETION

INCOME EBITDA

-0,1

2.0

-0,7

-1,8

1.4

2018 2019

NET PROFIT

0.5

2018 2019 2018 2019

24

Page 25: CORPORATE PRESENTATION...CORPORATE PRESENTATION 1. ABOUT ODINSA Long term vision of the future We create connections that boost competitiveness and generate opportunities Backing by

IN GENERALGREEN CORRIDOR

Payment by the Government of Aruba

DBFM Contract(Design, Build, Finance and Maintain) of an urban road

in Aruba.

Project inmaintenance stage

subject to compliance with road availability indicators. So

far, all availability payments have been received without

penalty.

THE PROJECT

34

1two-lane bridge

1four-lane bridge

3roundabouts

6.1kilometers of bike paths

LOCATION

Aruba

Financial closing of USD58,7million and

Equity of USD20,03million

kilometers

25

Page 26: CORPORATE PRESENTATION...CORPORATE PRESENTATION 1. ABOUT ODINSA Long term vision of the future We create connections that boost competitiveness and generate opportunities Backing by

GREEN CORRIDOR

Participated in the Beach Clean Up where more than two tons of waste were removed from the seabed, as well as an important campaign on road awareness.

It is currently in the maintenance phase after being granted the Availability Certificate in the second quarter of 2018.

Held the ISO 9000-2015 certification for maintenance activities.

The main milestone of the project’s management has been the consolidation of the maintenance activities which comply with the DBFM requirements (Design, Build, Finance, Maintain) in terms of the availability requirements.

HIGHLIGHTS

26

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RELEVANT FIGURES

HIGHWAYS OF THE

NORTHEAST

107kmLENGTH

Location: Samaná, Dominican RepublicOperated by: Autopistas del Nordeste

2038YEAR OF COMPLETION

TOTAL TRAFFIC

Thousands of vehicles

EBITDA

Millions in USD 5046

52,2

26 25

2.754 2.959

3.906

3.5153.754

2013 2014 2015 2016 2017 2018 2019

4.348

VEHICLES

average per day

13.638 *in 2019

4.971

2015 2016 2017 2018 2019

27

Page 28: CORPORATE PRESENTATION...CORPORATE PRESENTATION 1. ABOUT ODINSA Long term vision of the future We create connections that boost competitiveness and generate opportunities Backing by

THE PROJECT

107kilometers of roadways that cross the

country in a south-north direction and

connect with the Touristic Boulevard

del Atlántico

44kilometers of roadways

with re-leveling berms

LOCATION

Dominican RepublicContributes to social development and growth of the northeast of the

country.

In 2019, obtained the recertification of its ISO 9001 management

program by Bureau Veritas, which guarantees the quality of its

processes.

Reconditioned 35 kilometers of roads with asphalt binder and 65

kilometers of micro pavement, a new technology introduced to the

country by the concessionaire.

Started the construction of the new bridge Nagua 1, as well as the

rehabilitation of the Nagua 2 and Matancitas bridges.

Generated 480 jobs after substantial maintenance.

HIGHLIGHTS

IN GENERALUnion Contract approved by the

Legislative Chambers and ratified by the President

Guaranteed minimum income.

30

USD162 million,

USD13 million.

Financed throughbond issues over under US Regulation 144-A.

year operation contract, 107 km, 3 toll stations.

First payment of dividends idem for

28

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TOURISTICBOULEVARDDEL ATLÁNTICO

123,5 kmLENGTH

Location: Samaná,

Dominican Republic

Operated by: Boulevard

Turístico del Atlántico

2038YEAR OF COMPLETION

TOTAL TRAFFIC Thousands of vehicles

EBITDA

VEHICLES

average per day5.600 *in 2019

2015 2016 2017 2018 2019

1.1131.272

1.3491.355 1.375

1.718

2.671

2924

29 27 27,8

2015 2016 2017 2018 2019

Millions in USD

RELEVANT FIGURES

2013 2014

29

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IN GENERAL

Launched in 2009

and completed in 2011.

The project had an investment of

USD 180million.

Has a guaranteed minimum income

THE PROJECT

123,5kilometers of roadways

LOCATION

Dominican Republic

TOURISTIC BOULEVARDDEL ATLÁNTICO

30

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RELEVANT FIGURES

ROAD NETWORK OF THE META

Location: Meta, Colombia Operated by: Concesión Vialde Los Llanos

2045YEAR OF

COMPLETION

INCOMEEBITDA

39.824

41.997

6,64

6,84

-1.695 -1.920

2018 2019

-1.577 -2.782

NET PROFIT

VEHICLES

average per day

Variation: -8%

18.740 *in 2019

TRAFFICMillions of vehicles/year

2018 20192018 2019 2018 2019

31

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THE PROJECT

19upgraded bridges

18.763reflective studs installed

LOCATION

Meta / Colombia

362.018meters of lines painted

IN GENERALIn February 2019, the Arbitration Court resolved through award and

decided on the controversy between the Concesión Vial de los

Llanos (Los Llanos Road Concession) and the National

Infrastructure Agency (Agencia Nacional de Infraestructura, ANI),

which was involved with the execution of the concession contract

of the Road Network of the Meta project, and invited both parties to

renegotiate the fundamentals of the contract.

HIGHLIGHTS

In November 2019, the Otrosí 7 was signed with the goal to make contractual adjustments that would allow the parties to advance in the discussions towards a potential agreement.

Meanwhile, the concession has complied with the service levels and indicators required by the contract in operational activities and the pre-construction maintenance phase.

32

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RELEVANT FIGURES

ABURRÁ ORIENTETUNNEL

Location: Antioquia,Colombia

Operated by: Concesión Túnel

Aburrá Oriente2039

YEAR OF COMPLETION

INCOME

EBITDA

226.182.056

2018 2019

4.160.226

7,6

8,9

NET PROFIT

VEHICLES average per day*in 2018

20.818 24.410average per day*in 2019

TRAFFICMillions of vehicles/year

60 kmLENGTH

Variation: 17%

25.360.624

2018 2019 2018 2019 2018 2019

453.471.471

40.605.814

1.889.848

33

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THE PROJECT

LOCATION

0,78kilometers Seminario tunnel

8,2kilometers Santa Elena tunnel

12viaducts equivalent to

2,5 kilometers

3,4Kilometers of open-air

roadways

IN GENERAL

It includes works such as tunnels, viaducts, road interchanges,

and is the main access to the International Airport José María

Córdova.

HIGHLIGHTS

In October 2019, we acquired the controlling interest of the

Aburrá Oriente tunnel concession, in other words, 53% of the

shares.

The longest operating tunnel in Latin America.

Aburrá Oriente / Colombia

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PRIVATEINICIATIVES

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BOGOTAAIRPORT SYSTEM(SISTEMA AEROPORTUARIO DE BOGOTÁ, SAB)

Current stage: feasibility

This initiative, which counts with an investment of approximately USD 3,2 billion, is intended to be a more efficient solution to maximize the use of the current terminal at the El Dorado airport with the expansion and inclusion of new improvements, as well as a gradual capacity growth in order to meet the expected demand in the next 30 years.

WITH OUR IP WE CONTRIBUTE TO

FUTURE COMPETITIVENESS

Project inplanning

INVESTMENT

USD

3,2billion

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BOGOTA AIRPORT SYSTEM (SAB)

Comprehensive operation of the Bogota Airport System with the expansion and

inclusion of improvements that maximize El Dorado’s capacity to meet short-term needs

and the expected demand in the next 30 years, providing a gradual capacity growth, and

counting with an investment of USD 3,2 billion.

Maximization of El Dorado:

expansion of the current terminal and platforms:

new direct boarding positions for passengers and

more operational space for airlines. Going from a

40 million passenger capacity to 80 million.

Capacity to be

maximized as follows

Annual operational capacity

Number of runways

Parking slots

Terminal area (m2)

32,7 millones

330,000

2

89

240,000m2

x 3

x 2,4

+ 2 pistas

+ 81 stands

+ 160.000m2

90 million

790,000

4

170

400,000m2

EL DORADO(Actualmente)

SAB 2050

Construction ofthe 3rd runway

allowing continuous

growth of operations.

Construction of a newterminal

for low-cost and

regional airlines’

operations.

Construction of asecond airport

with an additional runway,

between Madrid and

Facatativá, that meets the

needs of long-term

demand.

Traffic (mpax)

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NEWAIRPORT INCARTAGENA

Project inplanning

INVESTMENT

USD

800million

WITH OUR IP WE CONTRIBUTE TO

FUTURE COMPETITIVENESS

Current stage: feasibility

Private initiative with an investment of more thanUSD 800 million, for the design, construction, operation and maintenance of the new airport in the city of Cartagena, which would meet the passenger demand in the next 30 years and would be the first airport in Colombia to be built from scratch in the last 40 years.

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Great opportunities with a vision of the future tomake Cartagena the cornerstone of the country’s tourism development

NEW AIRPORT IN CARTAGENA

2022Launch of construction

654 hectaresPledged to the project

2028Begin of operation

800 million USDProject investment

40 aircraftsMovement per peakhour

70.300 m2

Terminal area in initial stages

Expansion designed to up to

100.000m2 in 2050

3.100 mof runway, includes a parallel taxiway and the provision for a second runway

11 million pax Capacity in initial stages. Expansions designed for up to21 million passengers (HIV)

Greater employment for the city

and the region generated not

only by the construction and

operation of the airport, but also

by the tourism industry served

by the project

Modern, efficient and

sustainable infrastructure that

will attract greater local and

foreign investment in the

tourism and industry sectors,

becoming a factor for enhanced

competitiveness

Strengthening of the current

tourist vocation and revitalizing

of the project’s social

environment which promotes a

new local economic dynamic

Opportunity to rethink the

urban development of the city

by means of an adequate

planning process and thus

allowing Cartagena to assume

touristic leadership in the

Caribbean region

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AIRFIELD

Project in planning

INVESTMENT

COP

900.000million

WITH OUR IP WE CONTRIBUTE

TO FUTURE COMPETITIVENESS

Current stage:

Feasibility with COP 900.000 million invested, the initiative proposes operational improvements in taxi times on the El Dorado Airport existing runways, with state-of-the-art technology, the expansion of its capacity, improvement of its infrastructure and compliance of regulations and operational security.

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AIRFIELD

Proposes:

Strengthening and leveling of the

fringes of the southern runway.

Construction of an underpass and

completion of the Lima taxiway.

Construction of fast exits on both

runways.

Repaving, leveling of the southern

runway and taxiways.

Improvement of the drainage system

and flood mitigation, among other

improvements.

Benefits

OPTIMIZES

operations in low visibility.

IMPROVES

the reliability of the Airfield, implementing cutting-edge technology.

INCREASES

the airport’s capacity.

REDUCES

gas emissions, travel times and costs for airlines.

CONTRIBUTES TO

efficiency, continuity, regulatory compliance andoperationalreliability.

OFFERS

a betterservice topassengers and airlines.

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PERIMETEROF THE SABANA / CONNECTION TO CITY CENTER

Project inplanning

INVESTMENT

Aprox. COP

800.000million

WITH OUR IP WE CONTRIBUTE TO

FUTURE COMPETITIVENESS

Current stage: feasibility

Project that, being part of the ring road that is being built around Bogota, is focused on promoting the regional integration of the Sabana de Bogotá through the improvement of existing roads in order to connect the north with the city center and the south of the Sabana, by means of more than 50 kilometers of roadways and an investment of close to COP 800.000 million.

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Decreases travel time between municipalities in the area of influence by 40%

Generates local employment throughout all the project stages

Improves road safety due to the technical conditions of the Perimeter of theSabana (Law105/93)

Offers connectivity for economic growth of agricultural production

Increases tourism andconsuming oflocal offers

Benefits

Intensifies the commercial, cultural and social activity

1 2 3

4 5 6

PERIMETEROF THESABANA

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