May El Dorado International Airport. Aeropuerto Internacional El El Dorado

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1 May 2018 El Dorado International Airport. Aeropuerto Internacional El El Dorado

2 ABOUT ODINSA We are a Colombian concession company that belongs to Grupo Argos, dedicated to the structuring, promotion, management and development of roadway and airport infrastructure projects, having a presence in Colombia, Ecuador, Aruba and Dominican Republic, which has become a vehicle for regional connectivity and a source of development. COMPANY OF GRUPO ARGOS Balance, support and standards of corporate governance. We are Grupo Argos midterm growth commitment. ROBUST AND DIVERSIFIED PORTFOLIO OF ASSETS AND PROJECTS Structural position of the industry in Colombia and timely stake in profitable assets abroad. Proper mix of mature assets and projects that provide stability. Assets majority stakes. LEADER IN ROADWAY AND AIRPORTS CONCESSIONS IN COLOMBIA 1 Privileged position to benefit from the potential growth of the infrastructure sector. Counter-cyclical industry and promoter of economic growth, with institutional structure and state support. FINANCIAL STRENGTH TO MANAGE RISKS AND TO GROW Revenue amounted to COP 813 thousand million as of December EBITDA margin of 63.38% as of December Net leverage 2 : 2.99x as of December Revista Dinero (Colombian Economic Journal), July 2017, leader in profits in the concessions sector. 2 Net leverage = net debt/ebitda

3 HIGHWAYS AND AIRPORTS ROBUST PORTFOLIO ROADWAY CONCESSIONS AIRPORT CONCESSIONS Odinsa Grupo Argos Other

4 OUR CONCESSIONS Autopistas del Café Conexión Pacífico 2 Boulevard Turístico del Atlántico Malla Vial del Meta Colombia Colombia Dominican Republic Colombia Green Corridor Autopistas del Nordeste Aeropuerto Internacional El Dorado Aeropuerto Internacional Mariscal Sucre Aruba Dominican Republic Colombia Ecuador 3 Roadway concessions in operation 3 Concessions under construction 2 Airport concessions Non-controlling interests in Mariscal Sucre (Quito) and El Dorado (Bogota) airports.

5 FINANCIAL STRENGTH - Change (Margin) Income Costs, expenses, and other income Operating profit Ebitda Controlling net income Net margin

6 HIGH STANDARDS OF CORPORATE GOVERNANCE CODES Annual statement of potential sources of conflicts of interest Code of Good Governance Code of Business Conduct. POLICIES Fraud, bribery and corruption risk management policy Transparency line CORPORATE GOVERNANCE Code of Conduct Self-regulation and money laundering and financing of terrorism risk management policy Policy for relations between related companies Data protection policy Gifts and tokens of appreciation policy Code of Good Governance COMMUNICATION CHANNELS Transparency line Annual statement of potential sources of conflict of interest

7 GOOD SUSTAINABILITY PRACTICES We aim at generating shared value for our stakeholders, responsibly managing our impacts, fostering development, competitiveness and people s connection; and managing risks and building on opportunities for the business. Opinion-makers: Media /Opinion leaders / Academia Business and social associations Unions / companies from the sector / Associations / NGO Employees: Odinsa and Concessionaires Authorities Investors: Long-term funders / Banking / Financial sector Suppliers Communities Users Highlights of 2017 management Measurement of the carbon and water footprints in Odinsa and its concessions We conducted materiality analysis, giving priority to economic, environmental and social issues in which we must work with greater focus. We structured our sustainability plan for the period.

8 HIGHLY QUALIFIED AND COMMITTED TALENT Collaborative work as the main source of knowledge strengthening. Innovation as differentiator to leave an imprint wherever we have operations. Leadership that inspires and motivates people to achieve the major business challenges and to experience values.

9 ROBUST AND DIVERSIFIED PORTFOLIO OF ASSETS Autopistas del Café

10 Roadway concession in operation: Autopistas del Café First generation concession, with a rating of 4.59 in a 5-scale in the evaluation of the status index of roads given on concession. General information Relevant Figures Concession with guaranteed minimum income. Beginning and end of activities: January 1999 to January Road corridor of km. 7 toll stations, 3 customer care centers, 1 operational control center and 1 weighing station. The project currently has no long-term debt. 9,777 10,580 11,328 Total Traffic Thousands of Vehicles 12,147 12,544 12,770 Project location EBITDA Million of COP 62,491 80,351 46,

11 Roadway concession under construction: Conexión Pacífico 2 During 2017, the first disbursement of the structured funding was achieved under the "project finance mode. Currently, the work progress is close to 30%. The estimated date for the commissioning of all UF is October 10 of General information 98Km; Construction: La Pintada - Bolombolo (44 km) and maintenance: La Pintada - Primavera (54 km). PPP of public initiative(4g - with forecast budgets and collecting rights). Contractual milestones: (i) Awarded May 22, 2014; (ii) Certificate of commencement: November 11, % of environmental licenses approved, certificate of non-presence of communities, 30% of the project execution. Financial closure was completed and the first disbursement of the senior debt was carried out in Relevant Figures 2,222 Total Traffic Thousands of Vehicles 2, ,489 Project location EBITDA Million of COP 27,684 9,

12 Roadway concession under construction: Malla Vial del Meta The project has not begun yet because of substantial changes in the traffic forecast. The arbitration court with ANI is under way, which is expected to be solved in the third quarter of General information PPP of Private Initiative (without government resources). Awarding April , signing of the contract: May 5 and the certificate of commencement on June 9, Subject of the Contract: (i) Granada corridor - Villavicencio - Puerto López - Puerto Gaitán - Arimena Bridge. ii) Ring Road of Villavicencio and accesses to the city - Meta Road Network. 354 km, 6 toll stations (5 existing toll stations, plus a new one). Financial closure is scheduled for January Project location Relevant Figures 4,240 Total Traffic Thousands of Vehicles 6, * EBITDA Million of COP 6,570 4,154 1, (1,782) * Only 7 months are taken into account, since the concession starts in June 2015

13 Roadway concession in operation: Autopistas del Nordeste ADN is a roadway concession located in the Dominican Republic that is currently in operation and maintenance phase. The scope of the contract is design, financing, construction, operation and maintenance for a term of 33 years. General information Contract Law, approved by the Legislative Chambers and ratified by the President. Guaranteed minimum income. Awarded on July 18, The works were completed on June 30, Concession will end in Contract to 30 years of operation, 107 km, 3 tolls. Financed through issuing bonds for USD162 million, under Regulation 144-A of the US. The debt balance is USD147 million and ends in April of Project location Relevant Figures 2,754 2,959 Total Traffic Thousands of Vehicles 3,515 EBITDA Million USD 3, ,

14 Roadway concession in operation: Boulevard Turístico del Atlántico BTA is a roadway concession in the Dominican Republic that is in operation and maintenance phase. It was awarded in 2001, with second stage in 2009, and works were completed in General information The investment value of the project was USD180 million. The road has km, of which km correspond to rehabilitation and 18.7 km to construction. Guaranteed minimum income. Financial closure with multilateral entities by USD151.1 million to 15 years. The current debt of the project is USD112.8 million and ends in November Project location Relevant Figures 1,113 1,272 Total Traffic Thousands of Vehicles 1,355 1, EBITDA Million USD 1,

15 Roadway concession under construction: Green Corridor Green Corridor is a roadway concession in Aruba which is currently in the construction phase. Works are expected to be completed and operation is expected to start in the second quarter of It would start to receive revenues during the third quarter of General information Project location Contract of DBFM (Spanish acronym that stands for design, construction, financing and maintenance) contract. Income for the road availability, there are no tolls. Awarded in July Term: 18 years from the time of road availability. 95% of progress in the construction of the project. CAPEX of USD58.05 million. Senior debt of USD58.7 million and equity of USD20.03 million. The availability period is expected to start in the second quarter of 2018, once the documentation related to the project and some landscaping aspects of the work are completed. The concession holder s obligations after the beginning of the availability period are as follows: Maintenance of the entire infrastructure. Control of environmental conditions and air quality. Monitoring of the quality standards of works.

16 Airport concession: Opain Aeropuerto Internacional El Dorado El Dorado, operated by Opain, was awarded with Skytrax 4-star rating as the best airport in South America. In 2017, 6 contact positions started and more than 25,000 m2 were commissioned to improve the passenger experience. Capacity increased to 40 million passengers. General information The concession contract signed in September 12, 2006 for constant COP1,062 million in Third airport in Latin America by number of passengers and first airport in Latin America by cargo movement. Close to 32 million passengers in Purchase of 30% was improved by Grupo Argos in the first quarter of The expansion works of the National and International terminal were completed in 2017, increasing the terminal built area to 223,700 m2. Current debt balance is USD368.2 million, plus COP300.8 thousand million. Relevant Figures Passengers who travel through the airport Million Passengers Aeropuerto Internacional El Dorado Bogotá, Colombia EBITDA Million of COP 265, ,943 International National 217,

17 Airport Concession: Quiport - Aeropuerto Internacional Mariscal Sucre In December 2015, Odinsa Holding completed the acquisition of 50% of the company that owns 93% of the economic rights of Mariscal Sucre Airport concessionaire in Quito (UIO), Ecuador. This concession is valid until General information Operations started on February 20, Strong domestic travel market with 98% origin-destination of Quito Capital. It is designed with a flexible structure of the runway and in the passengers and cargo terminal facilities that allow adapting to growth. The acquisition was made through Marjoram Riverside Company (BVI), a company controlled by Odinsa Holding Inc, Odinsa subsidiary. The current debt balance is USD100 million and ends in Relevant Figures Passengers who travel through the airport Million Passengers International National Aeropuerto Internacional Mariscal Sucre Quito, Ecuador 116 EBITDA Millions of US$

18 Conexión Pacífico 2