Interconexión Eléctrica (ISA) Q2 2024 earnings summary

Executive summary

• Net income for Q2 2024 was COP 708 billion, up 2% year-over-year, with YTD net income at COP 1.3 trillion and ROAE at 14%.

• Investment backlog stands at COP 28 trillion to be executed by 2030, supporting sustainable growth.

• 39 projects under construction are expected to add over COP 1.8 trillion in annual revenue.

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

• Recognized among the top three companies in sustainability by ALAS20 and expanded Amazon conservation efforts.

Financial highlights

• Q2 2024 EBITDA was COP 2.2 trillion, up 7% year-over-year excluding FX; IFRS EBITDA margin at 63–65%, adjusted margin at 78%.

• Accumulated EBITDA for 6M24 reached COP 4.5 trillion, up 1% year-over-year excluding FX; net margin at 19–21%.

• Debt balance at June 2024 was COP 33 trillion, up 6% from 2023, with a debt/EBITDA ratio of 3.7x.

• Dividend payments reached COP 820 billion by July.

• Cash and equivalents at June 2024 were COP 4.7 trillion, with total liquidity at COP 6.7 trillion.

Outlook and guidance

• Focus on executing COP 28 trillion investment backlog by 2030 to drive long-term growth and returns.

• Continued expansion in energy transmission, roads, and digital infrastructure across Latin America.

• Maintaining financial flexibility and investment grade ratings.