Interconexión Eléctrica (ISA) Q2 2024 earnings summary

Executive summary

• Net income reached COP 708 billion in Q2 2024, up 2% year-over-year, with ROAE at 14% at quarter-end.

• 39 projects under construction are expected to add COP 1.8 trillion in annual revenue, supporting a robust project pipeline and sustainable value generation.

• Investments executed in Q2 2024 totaled COP 1.1 trillion, with committed investments to 2030 at COP 28 trillion.

• Recognized as a leading company in sustainability by ALAS20, with expanded conservation efforts including a 40,000-hectare Amazon project and the Conexión Jaguar program.

• Dividend payments totaling COP 820 billion completed by end of July, supported by strong corporate governance.

Financial highlights

• Q2 2024 EBITDA was COP 2.2 trillion, up 7% year-over-year excluding FX effects; H1 2024 EBITDA at COP 4.5 trillion, up 1% excluding FX.

• IFRS EBITDA for Q2 2024 was COP 2,394 billion, up 13% year-over-year; adjusted EBITDA margin at 78%, IFRS EBITDA margin at 63-65%.

• Q2 2024 net income was COP 708 billion, up 2% year-over-year (19% excluding FX); H1 2024 net income at COP 1.3 trillion.

• Return on average equity at 14% as of June 2024.

• Dividend payments of COP 820 billion made by end of July.

Outlook and guidance

• Committed investments until 2030 reach COP 28 trillion, supporting long-term growth and sustainable revenues.

• Continued focus on executing investment commitments and expanding the project portfolio, especially in energy transition and infrastructure.

• Financial flexibility maintained with investment grade ratings and robust liquidity.