EEB is a leading energy company in Colombia and regional markets. It has a wide portfolio of energy businesses including electricity transmission, distribution and generation, as well as natural gas transportation and distribution. EEB has majority market shares across its different business segments in Colombia and regional markets like Peru and Guatemala. The company focuses on natural monopoly businesses and growing through controlled subsidiaries and projects in attractive markets. EEB has stable revenues from regulated businesses, accounting for 81% of its income. It has ambitious investment plans for 2013-2019 to expand its electricity and gas infrastructure through brownfield and greenfield projects.

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

2. EEB Overview
Wide energy Portfolio: Network and Services
Focus on natural
monopolies
Growth through
controlled subsidiaries
Sound regulatory
framework
Ample access to
capital markets
2
Shareholders: Bogotá D.C. 76.28%, Ecopetrol 6.87%, Corficolombiana 3.56%, AFPs 9.35%, Others 3.94%.

3. 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
# 3 Colombia
Gas distribution
Market share (%)
(No. clients)
59.0%
Gas transportation
Market share (%)
(Average volume transported)
84.7%
Gas distribution
Market share (%)
(No. clients)
100.0%
# 1 Colombia
# 1 Colombia
# 1 Perú
57.6%
10.10%
26.6%
21.2%
Electricity transmission
Project ongoing
(850 Km L/T and 24 S/E)
# 1 Guatemala
3
19.1%

4. Focus on natural monopolies and attractive
energy markets

5. Strong Presence in Relevant Countries
Natural Gas
Source: ANH, MEM, UPME, Concentra
8.46
7.06
6.63
7.01
6.41
2009 2010 2011 2012 2013
Natural Gas Reserves - Colombia - Tcf
5
12.50 12.46
15.38 15.00
2010 2011 2012 2013
Natural Gas Reserves - Perú - Tcf

6. Strong Presence in Relevant Countries
Electricity
Source: ANH, MEM, UPME, XM
6

7. Stable and Growing Income*
7* Total of Operating Revenues per company – aggregated figures for comparable purposes.
Stable and Growing Income*
Predictability and stability in regulated revenues. 81% of revenues comes from regulated business.
1,013,349
(495.7)
1,159,771
(605.9)
1,693,167
(871.6)
1,902,952
(1,076.2)
2,136,4996
(1,108.8)
2,530,768
(1,144.7)
2009 2010 2011 2012 2013 2014
Natural Gas Distribution
COP mm (USD mm)
GAS NATURAL CÁLIDDA TOTAL
3,238,447
(1,584.2)
3,311,701
(1,730.3)
3,513,739
(1,808.7)
3,699,245
(2,092.1)
3,799,898
(1,972.1)
4,092,963
(1,710.7)
2009 2010 2011 2012 2013 2014
Electricity Distribution
COP mm (USD mm)
CODENSA EEC EMSA TOTAL
746,463
(365.2)
769,161
(401.9)
853,053
(439.1)
948,514
(536.4)
1,113,894
(578.1)
1,365,600
(570.8)
2009 2010 2011 2012 2013 2014
Natural GasTransportation
COP mm (USD mm)
TGI PROMIGAS TOTAL
311,510
(152.4)
310,176
(162.1)
352,579
(181.5)
366,552
(207.3)
556,743
(288.9)
705,122
(294.7)
2009 2010 2011 2012 2013 2014
Electricity Transmission
COP mm (USD mm)
REP CTM EEB Transmisión TOTAL

8. Growth through controlled subsidiaries and
Brownfield opportunities

9. Consolidated Financial Results
Evolution EBITDA
9
Normalized Dividends:
(1) 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.
(2) Anticipated dividends declared by Codensa on first half 2011, were
included in 2012.
*Year 2014 excludes dividends declared by non-consolidated affiliates
based on anticipated financial closings.
N.B. Preliminary closing financial figures as of december 2014, pending
approval of General Shareholders Assembly. (26/3/2015)
(3)
(3)
81%
67% 56% 55% 61% 44% 45%
48% 43%19%
33%
44%
45%
39%
56% 55%
52%
57%
2006 2007 2008 2009 2010 2011(1) 2012(2) 2013 2014
Consolidated Adjusted EBITDA & Normalized Dividends
COP Million (USD Million)
Dividends Operational EBITDA Anticipated Dividends
539,319
(240.9)
949,599
(471.3)
934,163
(416.4)
1,053,942
(515.6)
1,122,343
(586.4)
1,447,335
(818.5)
1,775,908
(921.7)
1,369,533
(705.0)
2,572,071
(1,075.1)
1,958,127
(818.5)
*
EEB Transmisión,
Trecsa* & EEBIS Guate*
4%
TGI
41%
Decsa/EEC
4%
Cálidda, Contugás &
EEBIS Perú
8%
Emgesa
21%
Codensa
13%
Gas Natural
3% Promigás
4%
ISA, REP & CTM
1%
Others
1%
Consolidated Adjusted EBITDA 2014* LTM by Subsidiary
EBITDA by Country
Colombia 92%
Overseas 8%

10. Ambitious projects under execution

11. Financial Plan
2013-2019 Investments & Funding Sources
11
OM: Covenant established in Offering Memorandum of USD.749,000,000 EEB 6.125% Senior Notes due 2021
*It includes anticipated dividends
Composition of Investments* USD mlls %
Brownfield 877.8 48.2
Greenfield 942.6 51.8
*Mainly concentrated on electricity transmission
bussinesses (COL/Overseas)
2013-2019 Funding
Investments
USD
mlls
%
Cash Generation 2013-2014 507 15%
Incremental Debt 2013-2014 1,092 32%
Subtotal 2013-2014 1,599 47%
Cash Generation 2015-2019 523 15%
Incremental Debt 2015-2019 1,297 38%
Subtotal 2015-2019 1,820 53%
TOTAL 2013-2019 3,420 100%
64 80
220 229 231 199
21
84 74
148
35 36
90
202 143
118
91 85
75
73
16
200
880
385.7
1,213.4
792
344 316
274
94
2013 2014 2015e 2016e 2017e 2018e 2019e
EEB CAPEX Profile-Controlled Companies
USD MM
Electricity Colombia
Electricity Overseas
Natural Gas Colombia
Natural Gas Overseas
Services
M&A Electricity
M&A Natural Gas

12. Consolidating the Strategy
Controlled Subsidiaries
12
Projects Update
EEB Transmission as of 2014 (Expected Annual Revenue)
TGI
• La Sabana Compression Station – 97% [Already on stream]
TRECSA
• Guatemala’s interconnection System – 81%
UPME Project Status
EAR
USD MM
On
stream
Alferez 100% 1.28 1Q 2014
Tesalia 77% 10.9 1Q 2015
Chivor II Norte 37% 5.52 3Q 2015
SVC Tunal 83% 7.8 4Q 2014
Bolívar-TermoCartagena 2% 11.2 1Q 2017
Sogamoso-Norte-Nueva
Esperanza
5% 21.2 3Q 2017
Rio Cordoba Substation Project Awarded 1.81 4Q 2016
Southwest Reinforcement Project Awarded 24.37 3Q 2018
* It includes the acquisition transaction of 31.92% shares of TGI, by an amount of USD 880 MM in 2014.
*
* Both exclude the acquisition transaction of 31.92% shares of TGI, by an amount of USD 880 MM in 2014.

13. 13
Consolidating the Strategy
Non-Controlled Subsidiaries
Projects Update
EMGESA
• Quimbo Project (400 MW)
• Total investment: USD 1,093 mm
• Execution 4Q-14: 85%
• Full operation: 2H 15
CODENSA
• On-going projects: Nueva Esperanza, Norte,
Bacatá Substations
• New and existing demand
• Quality service and continuity
• Control operational risk

14. Access to Financial Markets

15. Access to Financial Markets
15
EEB
Baa3 Positive
BBB- Stable
BBB/AAA(col) Stable
TGI
Baa3 Stable
BBB- Stable
BBB Stable
Cálidda
Baa3 Stable
BBB- Stable
BBB- Stable
* Syndicated loan acquired by Contugas (USD 342 MM) and additional indebtedness
incurred by SPV in order to reacquire 31.92% of TGI IELAH (USD 645 MM)
*
* An additional USD 8 million will be disbursed during 2015

16. EEB Share Performance
Ticker EEB:CB
As of December 31th, 2014 EEB’ market capitalization was USD 6.5 Billion
Trading volume tripled after the Equity Offering Nov 2011.
The stock is part of COLCAP,COLEQTY and COLIR.
Average Target Price2015: USD 0.81 COP 1,950 (Potential upside return: 19.0%)
EEB Share Performance 2014
Price Valuation2014 17.24%
16
+25%

17. Creating Value to shareholders
17

18. Financial Highlights

19. Consolidated Financial Results*
19
*Preliminary closing financial figures as of december 2014, pending approval of General Shareholders Assembly
Only with informational purposes, we have converted some of the figures in this report to its equivalent in USD (dollars of the
United States) using the foreign Exchange rate COP/USD 2,392.46 as of 31/12/2014 issued/published by SFC.

20. 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
Fabián Sánchez Aldana
Investor Relations Advisor GEB
+57 (1) 3268000 – Ext 1827
fsanchez@eeb.com.co
Nicolás Mancini Suárez
Financing and Investor Relations Manager GEB
+57 (1) 3268000 - Ext 1536
nmancini@eeb.com.co
Rafael Andrés Salamanca
Investor Relations Advisor GEB
+57 (1) 3268000 – Ext 1675
rsalamanca@eeb.com.co
Felipe Castilla Canales
Chief Financial Officer - GEB
20

21. 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.
We converted some amounts from Colombian pesos into U.S. dollars solely for
the convenience of the reader at the TRM published by the SFC as of each
period. These convenience translations are not in accordance with U.S. GAAP
and have not been audited. These translations should not be construed as a
representation that the Colombian peso amounts were, have been or could be
converted into U.S. dollars at those or any other rates.