Corporate

Presentation
June 2019
© TODOS LOS DERECHOS RESERVADOS POR RED DE ENERGÍA DEL PERÚ S.A.
Schedule
1. Overview Grupo ISA
2. Overview Grupo ISA in Perú
3. Operating Indicators REP
4. Financial Results REP

© TODOS LOS DERECHOS RESERVADOS POR RED DE ENERGÍA DEL PERÚ S.A. © TODOS LOS DERECHOS RESERVADOS POR RED DE ENERGÍA DEL PERÚ S.A.
Overview Grupo ISA

Central America
EPR
Presence in 3 43 3,862
Interconexion Electrica
7 countries Business companies and Employees
Colombia – Panama
REDCA lines subsidiaries

Brazil (1)
TAESA
ISA CTEEP
Colombia Internexa
ISA ISA Capital do Brasil
ISA Intercolombia Internexa Participacoes
ISA Investimentos e
In operation: 62,038km of circuit and
ISA Transelca
Internexa
ATP
Participacoes
108,285MVA
XM
Sistemas Inteligentes en Red
Derivex Under construction: 7,249km of circuit and
INTERVIAL Colombia
19,860MVA

Peru
ISA REP
ISA Transmantaro
ISA Perú
Has 49.500 km of optical fiber
infrastructure projects of Perú
Internexa
ATP

Argentina
Internexa
Bolivia
ISA Bolivia 49,500km of optical fiber
Chile (2)
ISA Interchile
ISA Intervial
Maipo Rute
Maule Rute
Del Bosque Rute
La Araucania Rute
Los Rios Rute
Corporate Group Matrix
Loa Rute
Transmission of Electrical Energy Internexa
ATP
Sustainable
Information Technology
Telecommunications Technology
ISA Inversiones Chile Operation
Road Concessions
Management of real-time internal systems
Investment Vehicles.

Huella ampliada en América Latina, con una combinación de países de rápido crecimiento

© TODOS LOS DERECHOS RESERVADOS POR RED DE ENERGÍA DEL PERÚ S.A. 3
Growth with sustainable value creation

© TODOS LOS DERECHOS RESERVADOS POR RED DE ENERGÍA DEL PERÚ S.A. 4
 ISA’S LEGACY FOR FUTURE GENERATIONS

Conexión Jaguar, ISA’s sustainable program, was elaborated in colaboration

with it’s technical allies, “Polo Sur” and “Panthera”, in order to contribute with:

• Biodiversity conservation
• Climate change mitigation
• Conectivity of jaguars’ natural habitat in Latin America.
• Development of rural communities.

The program provides technical and economic support for the best rural initiatives to
exchange certified carbon credits with the highest standards worldwide to finance
conservation.

It contributes to obtain climate change objectives of the country, in accordance with

international agreements.

Objetives for
2030 Reduction of 9,000,000* of tCO2 20 International projects 400,000** of the jaguar corridor Promote the development of
Depending on the type of the internacionalmente certificated through conservation actions rural communities in the area
project in Latin America of ​influence of projects.
© TODOS LOS DERECHOS RESERVADOS POR RED DE ENERGÍA DEL PERÚ S.A. **Conservation projects REDD +
5
Schedule
1. Overview Grupo ISA
2. Overview Grupo ISA in Perú
3. Operating Indicators REP
4. Financial Results REP

© TODOS LOS DERECHOS RESERVADOS POR RED DE ENERGÍA DEL PERÚ S.A. © TODOS LOS DERECHOS RESERVADOS POR RED DE ENERGÍA DEL PERÚ S.A.
 Overview Grupo ISA in Perú
Energy Transmission Business

Company Description Shareholding structure

 In 2002, through a public auction, the ISA Group obtained the good pro and
received in concession the exploitation rights of the electric transmission systems
in charge of the companies ETECEN and ETESUR. After obtaining the good pro,  Longitud de red: 62,038 km  Longitud de red: 13,729 km
REP was established in July 2002, being ISA and Transelca the founders. In July  Ratings: Baa2/BBB-/BBB+  Ratings: NR/BBB-/BBB
of the same year, GEB acquired 40% equity interest.
 Currently, REP has 29.4% of the market share, and together with ISA companies
in Peru, it controls around 70% of the energy transmission market.
ISA: 30% ISA: 60% ISA: 55%
Transelca: 30% GEB: 40% Transelca: 45%
2 Transmisión de energía GEB: 40%

Operaciones

6,342 Km transmission lines

Emisor
3,058MVA Transformation capacities
Market share of Grupo ISA in Perú

Contracts

1 Concession ETECEN-ETESUR
20 Amplifications
3 Private Contracts

(1) Concessions and contracts won. Includes the project “500kV Mantaro-Nueva
Yanango-Carapongo and Associated Substations” and “500kV Nueva Yanango-
Nueva Huánuco and Associated Substations”
(2) Operating substations..
(3) As of March, 31th 2019
(4) Source: Latest publication of COES - Market share 2018
© TODOS LOS DERECHOS RESERVADOS POR RED DE ENERGÍA DEL PERÚ S.A. 7
Schedule
1. Overview Grupo ISA
2. Overview Grupo ISA in Perú
3. Operating Indicators REP
4. Financial Results REP

© TODOS LOS DERECHOS RESERVADOS POR RED DE ENERGÍA DEL PERÚ S.A. © TODOS LOS DERECHOS RESERVADOS POR RED DE ENERGÍA DEL PERÚ S.A.
 Operating Indicators REP

Electroperú
18.6%
Otros
32.8% Principal Clients

 Electricity Generators Companies

Kallpa Generación
15.9%
 Mining Companies
Fenix Power
3.1%
Consorcio Enel Perú
Transmantaro 11.8%
6.9% Engie
10.9%

99.6% 99.9%
99.5% 99.5% 99.5% 99.4%
6,318 6,313 6,341 6,341
6,317
6,233

Availability (%)
Line Lenght (Km)

2014 2015 2016 2017 2018 Jun-19

2014 2015 2016 2017 2018 Jun-19

Fuente: REP al 30 de junio del 2019 © TODOS LOS DERECHOS RESERVADOS POR RED DE ENERGÍA DEL PERÚ S.A. 9
Schedule
1. Overview Grupo ISA
2. Overview Grupo ISA in Perú
3. Operating Indicators REP
4. Financial Results REP

© TODOS LOS DERECHOS RESERVADOS POR RED DE ENERGÍA DEL PERÚ S.A. © TODOS LOS DERECHOS RESERVADOS POR RED DE ENERGÍA DEL PERÚ S.A.
 Financial Results CTM
Revenues & EBITDA

1,200
168.1 174.1
147.4 900

Balance Sheet
139.8 319
132.5 138.2 330
Revenues

600 187 151

300
506 481

0
2018 Jun-19

2014 2015 2016 2017 2018 Jun-19 Activos Patrimonio Pasivos

70.5% 72.2% 72.5%

68.3% 68.0%
64.4% 224 225 235
208 220 211
121.4 126.2 7 - 40 40 93
EBITDA

103.9 68
95.6 94.0 131

Debt
85.4 123
121 119
104 104
86 84 62 60 38 38
2014 2015 2016 2017 2018 Jun-19

2014 2015 2016 2017 2018 Jun-19 1° Programa Bono 2° Programa Bono 3° Programa Bono
US$ Millones Margen (%) Papel Comercial Leasing Bancos

© TODOS LOS DERECHOS RESERVADOS POR RED DE ENERGÍA DEL PERÚ S.A. 11
 Debt

290
Saldo Deuda Bancos Saldo Bonos 3° Programa
240 Amortización Deuda Bancos Amortización Bonos 2° Programa
Amortización Bonos 3° Programa Saldo Deuda Total
190
Debt Profile

Saldo Bonos 2° Programa

Millones US$

140

90

40

-10

-60
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031

224 225 235

220 211
208 12.1x
7 - 11.5x
40 40
68 93
131 123 9.2x
121 119 8.0x 8.1x

Ratios
104 104 7.2x
Debt

86 84 2.6x 2.2x 2.4x 2.1x

62 60 38 38 1.7x 1.9x
2014 2015 2016 2017 2018 Jun-19

2014 2015 2016 2017 2018 Jun-19

1° Programa Bono 2° Programa Bono 3° Programa Bono
Papel Comercial Leasing Bancos Deuda / EBITDA Ajustado EBITDA/Gastos Financieros

© TODOS LOS DERECHOS RESERVADOS POR RED DE ENERGÍA DEL PERÚ S.A. 12
Investments

Total Capex Implemented

Project Part. % POC*
MM US$ Ene19 –Jun19
Ampliación 18 11 2 34% Feb-19

Ampliación 19 7 3 52% May-19

Ampliación 20 20 1 14% Aug-20

TOTAL 38 5 100%

(*) Commercial Start-up

(MM US$ )
80 76

60 54

40 31

20 15 12
5
-
2014 2015 2016 2017 2018 Jun-19
Ampliación 13 Ampliación 14 Ampliación 15 Ampliación 16
Ampliación 17 Ampliación 18 Ampliación 19 Ampliación 20

© TODOS LOS DERECHOS RESERVADOS POR RED DE ENERGÍA DEL PERÚ S.A. 13
Relación con Inversionistas

Contáctanos
(511) 712-6600 Anexo: 84070 - 84074
Mail: investors@rep.com.pe
Dirección: Av. Juan de Arona Nro.720, Piso 6,
San Isidro, Lima 27.

www.rep.com.pe

© TODOS LOS DERECHOS RESERVADOS POR RED DE ENERGÍA DEL PERÚ S.A. © TODOS LOS DERECHOS RESERVADOS POR RED DE ENERGÍA DEL PERÚ S.A.