Empresa de Energía de Bogotá (EEB) is a regional leader in the energy sector with operations in Colombia, Peru, and Guatemala. EEB has leading market shares in electricity transmission and distribution, natural gas transportation and distribution, and electricity generation. EEB is focused on growing its portfolio of natural monopoly assets and expanding into attractive energy markets. EEB has a stable revenue base from regulated businesses and is executing an ambitious investment plan between 2013-2018 to expand its infrastructure and consolidate its strategic focus.

1. Empresa de Energía de Bogotá - EEB
A Regional Leader in the Energy Sector

2. Disclaimer
The information provided herein is for informational and illustrative purposes
only and is not, and does not seek to be, a source of legal or financial advice
on any subject. This information does not constitute an offer of any sort and is
subject to change without notice.
EEB expressly disclaims any responsibility for actions taken or not taken based
on this information. EEB does not accept any responsibility for losses that
might result from the execution of the proposals or recommendations
presented. EEB is not responsible for any content that may originate with third
parties. EEB may have provided, or might provide in the future, information that
is inconsistent with the information herein presented.

3. EEB Overview
Wide energy Portfolio: Network and Services
Focus on natural
monopolies
Growth in controlled
subsidiaries
Sound regulatory
framework
Ample access to
capital markets
3
100%*
100%*

4. Leaders in every market
Electricity transmission
Market share (%)
(Km of 220-138 kV lines )
Electricity transmission
Market share (%)
(Km of lines)
Electricity distribution
Market share (%)
(Kwh)
Electricity generation
Installed Capacity (%)
(Generation)
# 1 Peru
# 2 Colombia
# 1 Colombia
# 2 Colombia
Gas distribution
Market share (%)
(No. clients)
59.0%
Gas transportation
Market share (%)
(Average volume transported)
88.0%
Gas distribution
Market share (%)
(No. clients)
100.0%
# 1 Colombia
# 1 Colombia
# 1 Perú
57.6%
8.22%
26.6%
20.72%
Electricity transmission
Project ongoing
(850 Km L/T and 24 S/E)
# 1 Guatemala
4
*Estimated market share once in operation.

5. Focus on natural monopolies and attractive
energy markets

6. Strong Presence in Relevant Countries
Natural Gas
Source: ANH, MEM, UPME, Concentra
333
417
484
528
950
2009 2010 2011 2012 2015E
Natural Gas Demand - Perú - MMCFD
8.46
7.06
6.63
7.01
6.41
2009 2010 2011 2012 2013
Natural Gas Reserves - Colombia - Tcf
12.00 12.50 12.46
15.38
2009 2010 2011 2012
Natural Gas Reserves - Perú - Tcf
810 860 892 905
1,047 1,083
2009 2010 2011 2012 2013 2016E
Natural Gas Demand - Colombia - GBTUD
6

7. Strong Presence in Relevant Countries
Electricity
Source: ANH, MEM, UPME
54,679
56,148
57,157
59,367
60,885
65,125
2009 2010 2011 2012 2013 2016E
Electricity Demand - Colombia - GWh
7,926 8,134 8,473 8,730 8,945
10,064
2009 2010 2011 2012 2013 2016E
Electricity Demand - Guatemala - GWh
27,003
32,314
36,779 37,321
39,669
48,411
2009 2010 2011 2012 2013 2016E
Electricity Demand - Perú - GWh
7

8. Stable and Growing Income*
8* Total of Operating Revenues per company – aggregated figures for comparable purposes.
Predictability and stability in regulated revenues. 81% of revenues comes from regulated business.
422.4
495.7
605.9
871.6
1,076.2
1,114.4
982.7
2008 2009 2010 2011 2012 2013 2014 3Q
Natural Gas Distribution - USD mm
GAS NATURAL CÁLIDDA TOTAL
1,317.7
1,584.2
1,730.3 1,808.7
2,092.1 1,972.1
1,499.1
2008 2009 2010 2011 2012 2013 2014 3Q
Electricity Distribution - USD mm
CODENSA DECSA EMSA TOTAL
279.6
365.2
401.9
439.1
536.4
578.1
486.9
2008 2009 2010 2011 2012 2013 2014 3Q
Natural GasTransportation - USD mm
TGI PROMIGAS TOTAL
136.2
152.4 162.1 181.5
207.3
288.9
220.4
2008 2009 2010 2011 2012 2013 2014 3Q
Electricity Transmission - USD mm
REP CTM EEB Transmisión TOTAL

9. Growth through controlled subsidiaries and
Brownfield opportunities

10. Consolidated Financial Results
Evolution EBITDA
10
81%
67%
56% 55%
61% 44% 45%
48% 47%19%
33%
44%
45%
39%
56%
55%
52% 53%
2006 2007 2008 2009 2010 2011* 2012** 2013 2014 IIIQ LTM
Consolidated Adjusted EBITDA & Normalized Dividends
(USD Million)
Operational EBITDA Dividends
240.9
471.3
416.4
515.6
586.4
818.5
921.7
705.0
974.6
EEB Transm, Trecsa
& EEBIS Gt
2.0%
TGI
39.8%
Decsa/EEC
3.9%
Cálidda, Contugás &
EEBIS Pe
7.5%
Emgesa
21.8%
Codensa
13.5%
Gas Natural
3.3%
Promigás
4.5%
ISA, REP & CTM
3.1%
Otros;
0.59%
Consolidated Adjusted EBITDA 3Q 2014 LTM by Subsidiary
Normalized Dividends: *2010 excludes dividends declared based on an
early close of Gas Natural’s, Emgesa’s and Codensa’s financial statements.
These figures are included in 2011, when such dividends would normally
have been declared.** Anticipated dividends declared by Codensa on first
half 2011, were included in 2012.

11. Ambitious projects under execution

12. Consolidating the Strategy
Controlled Subsidiaries
12
Projects Update
EEB Transmission
• Armenia – 64%,
• Tesalia – 77%
• Chivor II Norte – 37%
• SVC Tunal – 83%.
• Bolívar-TermoCartagena – 2.1%
• Sogamoso-Norte-Nueva Esperanza: 5%
• UPME awarded projects: Rio Cordoba
TGI
• La Sabana Compression Station – 91%
TRECSA
• Guatemala’s interconnection System – 76%

13. 13
Consolidating the Strategy
Non-Controlled Subsidiaries
Projects Update
EMGESA
• Quimbo Project (400 MW)
• Total investment: USD 1,093 mm
• Execution 3Q-14: 80%
• Full operation: 1H 15
CODENSA
• On-going projects: Nueva Esperanza, Norte, Bacatá Substations
• New and existing demand
• Quality service and continuity
• Control operational risk

14. Financial Plan
2013-2018 Investments & Funding Sources
Composition of Investments
Brownfields: 70%
Greenfields: 30%
14OM: Offering Memorandum of USD.749,000,000 EEB 6.125% Senior Notes due 2021
As of September 2014 is already executed and compromised
USD 2,200 Mm (29%)
2013-2018 Funding Sources USD Millons
Cash Generation 1,700
Financial Debt 3,320
Third Parties (Contributions of Capital) 2,480
TOTAL 7,500
Compromised Resources (29%) 2,200
Resources that will be compromised
2014-2018
5,300
1.60 1.48 1.39 1.25
2.33
4.5
3Q - 13 4Q -13 1Q - 14 2Q -14 3Q -14
Net Debt / Consolidated Adjusted EBITDA
9.10
11.06 10.96
11.44
10.22
2.25
3Q - 13 4Q -13 1Q - 14 2Q -14 3Q -14
Consolidated Adjusted EBITDA/Interest

15. Access to Capital Markets

16. Access to Capital Markets
GEB Transactions
USD Million
16
EEB
Baa3
BBB-
BBB
TGI
Baa3
BBB-
BBB
CÁLIDDA
Baa3
BBB-
BBB-

17. EEB Share Performance
Ticker EEB:CB
As of September 30th, 2014 EEB’ market capitalization was USD 7.3 Billion
Trading volume tripled after the Equity Offering Nov 2011.
The stock is part of COLCAP, COLEQTY and COLIR
Average Target Price As of 3Q 2014: USD 0.96 COP 1,943
EEB Share Performance 3Q 2013 – 3Q 2014
17

18. Creating Value to shareholders
18
0.017 0.016 0.017
0.043
0.018
0.025
0.033
1Q 08 1Q 09 1Q 10 1Q 10 1Q 11* 1Q 11 1Q 13 1Q 14
Dividends per Share - USD
0.58
0.91
0.60
0.72
0.80
0.72
6.9%
0.0%
3.0%
3.5%
4.2%
3.5%
0.00
0.10
0.20
0.30
0.40
0.50
0.60
0.70
0.80
0.90
1.00
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
2010 2011 2012 2013 2014 Avg 2008-
2013
Dividend Yield Evolution
Closing Share price at the end of the year USD Dividend Yield
97.7
353.8
571.0
157.1
390.6
437.8
334.7
91.8 142.6 368.0 109.0 228.3 306.5 207.7
94%
40%
64%
69%
58%
70%
62%
141%
40%
64%
105%
58%
70% 68%
0.0
100.0
200.0
300.0
400.0
500.0
600.0
0%
20%
40%
60%
80%
100%
120%
140%
160%
2008 2009 2010 2011 2012 2013 Avg 2008-2013
Evolution Dividend Payout Ratio
(USD Mllion)
Net Profit Dividends Dividend payout on last year profit Dividend payout + Including realeased reserves

19. Financial Highlights

20. 353.8
571.0
157.1
390.6
437.8
461.8
2009 2010 2011 2012 2013 3Q 2014
Net Income
(USD Millions)
203.6
140.2
283.5
315.9 315.5
301.0
2009 2010 2011 2012 2013 3Q 2014
Operating Profit
(USD Millions)
455.3 487.2
731.8
896.4
1,016.4
842.0
2009 2010 2011 2012 2013 3Q 2014
Operating Revenues
(USD Millions)
515.6
944.0
557.0
723.5
921.7
974.6
2009 2010 2011 2012 2013 3Q 2014
LTM Consolidated EBITDA
(USD Millions)
Consolidated Financial Results
20

21. Investor Relations
For more information about Grupo Energía de Bogotá contact our Investor Relations team:
http://www.eeb.com.co
http://www.grupoenergiadebogota.com/en/investors
Fabian Sánchez Aldana
Investor Relations Advisor GEB
+57 (1) 3268000 – Ext 1827
fsanchez@eeb.com.co
Nicolas Mancini Suarez
Financing and Investor Relations Manager GEB
+57 (1) 3268000 - Ext 1536
nmancini@eeb.com.co
Rafael Andres Salamanca
Investor Relations Advisor GEB
+57 (1) 3268000 – Ext 1675
rsalamanca@eeb.com.co
Felipe Castilla Canales
Chief Financial Officer - GEB
21