Interconexion Electrica S A : ISA exceeds operational and financial goals for the third consecutive year, with a ROE of 12.8% and an income of COP 1.5 trillion in 2018
March 08, 2019 at 09:40 am EST
Share
The company invested COP 2.4 trillion in its growth plans
Through ISA CTEEP, the company issued the first green bonds in the energy transmission business in Brazil. These resources will be used to finance energy infrastructure projects with environmental benefits.
ISA continues to grow profitably, generating sustainable value for its shareholders and strengthening as a profitable and long-term asset. In the last 3 years, the Company's main financial indicators have grown steadily and exceptionally. In 2018, despite being a challenging year due to the region's slowing growth and political uncertainty, among other factors, the Group achieved consolidated results that exceeded its goals.
In this regard, the Company generated revenues for COP 7.2 trillion, which represented a 4% increase when compared with the previous year. Net income reached COP 1.5 trillion, which represents a 6% increase when compared with income for 2017. EBITDA, on the other hand, reached COP 4.8 trillion, which represents an 8.4% increase, and an EBITDA margin of 66.5% (73.0% excluding construction). These outstanding results are mainly due to sound operational management, consistency in business decisions and the consolidation of a profitable portfolio.
Assets, which reached COP 44.9 trillion, a 3.6% increase, are also remarkable. These results include the entry into operation of new projects in the Energy Transmission business in Colombia, Chile and Peru and in the Road Concessions business in Chile; the inclusion of TAESA and IENNE results in Brazil, which stake was acquired in 2017; and the purchase of the additional 50% of IESUL, with which ISA CTEEP consolidated 100% of the company.
At the financial level, other relevant transactions were also made. One of them was the repurchase of the preference shares in ISA Capital do Brasil, through which ISA acquired 100% of the ownership of this investment vehicle.
Additionally, ISA CTEEP issued the first green bonds in the Brazilian energy business unit, for an amount of R$ 621 million. These resources will be used to finance energy transmission infrastructure projects, through which conventional and non-conventional renewable energies will be transmitted.
Other relevant financial events are the collection of 12 installments from the recognition of the basic network existing in Brazil (RBSE) for R$ 1.786 million, as foreseen in ISA CTEEP, and the collection of dividends from TAESA for R$ 105,1 million.
Regarding Capex in 2018, ISA and its companies invested COP 2.4 trillion in their transmission, road concessions, telecommunications infrastructure and technological development growth plans. For the period 2019 - 2023, the company projects estimated investments of COP 10.575 billion (USD 3,459 million).
See full report ISA Financial Results fourth quarter 2018
Attachments
Original document
Permalink
Disclaimer
ISA - Interconnection Electric SA ESP published this content on 08 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 March 2019 14:39:07 UTC
Interconnection Electric SA ESP (ISA) is a Colombia-based company engaged in the transmission of electric power. The Companyâs business is structured into five divisions: Electric Energy Transport, operating a network of high-voltage transmission circuits in Colombia, Peru, Bolivia and Brazil; Smart Management of Real Time Systems, which manages the facilities of the National Interconnected System (SIN), Commercial Settlement System (SIC), Wholesale Energy Market (MEN) and International Electricity Transactions (TIE); Construction of Infrastructure Projects, which include the development of high-voltage and fiber-optic transmission networks; Telecommunications Transport, which is involved in the leasing of the Companyâs transmission networks to other operators, and Road Concessions, which focuses on the construction, management and exploitation of highways, toll roads and other related infrastructure. On September 30, 2013, the Company established a subsidiary, Intercolombia SA ESP.
Interconexion Electrica S A : ISA exceeds operational and financial goals for the third consecutive year, with a ROE of 12.8% and an income of COP 1.5 trillion in 2018
INTERCONEXIÓN ELÉCTRICA S.A. E.S.P. 
