Relación con inversionistas

Investor FAQ | November 22, 2017

Click on the plus (+) icon to display the options. The questions are broken down by topic: accounting, affiliates, projects, planning, regulation, etc.

Accounting
Affiliates
Debt
Projects
Planning
Regulation
Accounting

What is the income tax rate of the countries where ISA is present? (02.28.2017)

The nominal rate specified for each country is:

Colombia
34% + 5% CREE surcharge for 2016, 40% for 2017, 37% and 2018 and from 2019 hereinafter 33%
Brasil 34%
Chile In the semi-integrated system 27% (as of 2018). From 2014 to 2017 will rise progressively from 20% to 25,5%.
Bolivia 25%
Peru REP:27% ISA Perú: 22% CTM: 30% PDI: 30% (2015 and 2016: 28%; 2017 and 2018: 27%, and from 2019 hereinafter 29,5%) in REP, Peru and CTM ISA rates will not change because they have stability agreement.
ACCOUNTING

What are the total and construction revenues and costs for 1Q17? (05.15.2017)

COP Million

CONSTRUCTION REVENUES 1Q17 1Q16 Var.$ Var.% 1Q17 USD
COLOMBIA
0
0
0
0,0
0
CHILE
13.857
22.383
-8.526
-38,1%
5
BRAZIL
71.674
20.303
51.371
253,0%
25
PERU
135.394
246.708
-111.314
-45,1%
46
OTHERS
0
0
0
0,0%
0
TOTAL
220.925
289.394
-68.469
-23,7%
76
CONSTRUCTION REVENUES 1Q17 1Q16 Var.$ Var.% 1Q17 USD
ELECTRIC ENERGY TRANSPORT
207.068
267.011
-59.943
-22,4%
71
TOLL ROAD CONCESSIONS
12.880
22.383
-9.502
-42,5%
4
TELECOMMUNICATIONS TRANSPORT
977
0
977
0
0
MANAGEMENT OF REAL TIME SYSTEMS
0
0
0
0
0
TOTAL
220.925
289.394
-68.469
-23,7%
76
CONSTRUCTION - OPERATING COSTS AND EXPENSES 1Q17 1Q16 Var.$ Var.% 1Q17 USD
COLOMBIA
0
0
0
0
0
CHILE
10.797
19.713
-8.916
-45,2%
4
BRAZIL
64.865
18.390
46.475
252,7%
22
PERÚ
133.367
246.708
-113.342
-45,9%
46
OTHERS
0
0
0
0,0%
0
TOTAL
209.029
284.811
-75.782
-26,6%
71
CONSTRUCTION - OPERATING COSTS AND EXPENSES 1Q17 1Q16 Var. $ Var. % 1Q17 USD
ELECTRIC ENERGY TRANSPORT
198.232
265.098
-66.866
-25,2%
68
TOLL ROAD CONCESSIONS
10.797
19.713
-8.916
-45,2%
4
TELECOMMUNICATIONS TRANSPORT
0
0
0
0
0
MANAGEMENT OF REAL TIME SYSTEMS
0
0
0
0
0
TOTAL
209.029
284.811
-75.782
-26,6%
71
ACCOUNTING
Costs
917.101
666.986
37%
Construction costs
284.811
148.061
92%
Costs – Construction
632.290
518.925
22%
EBITDA
778.945
619.717
26%
EBITDA Margin
50,52%
53,56&
EBITDA Margin without construction
62,40%
62,13%
Net Income
192.416
146.492
31%
Net Margin
12,48%
12,66%
Net Margin without Net Margin
15,41%
14,69%
ACCOUNTING

¿Which is the conversion effect of P&G in 1Q17? (05.15.2017)

INCOME STATEMENT- COP Million 1Q17 1Q16 Change $ Change % Change x convertion efect Var. X Other concepts
Revenues from ordinary activities
1.643.040
1.541.884
101.155
6,6%
-36.878
138.033
Sales and operation costs
682.394
670.802
11.592
1,7%
-19.769
31.362
Gross profit on sales
960.645
871.082
89.563
10,3%
-17.108
106.671
Administrative expenses
163.223
246.299
-83.077
-33,7%
-7.007
-76.069
Other income /(expense) net
7.173
196
6.977
3557,8%
-17
6.994
Net equity method
52.395
13.433
38.962
290,1%
1.565
37.396
Income from operating activities
856.991
638.412
218.579
34,2%
-8.553
227.131
Financial income
85.292
142.879
-57.588
-40,3%
-2.096
-55.492
Financial expenses
333.876
384.393
-50.518
-13,1%
-3.911
-46.607
Income before taxes
608.407
396.898
211.508
53,3%
-6.738
218.246
Income tax provision
183.304
124.343
58.960
47,4%
-1.579
60.540
Year-end income
425.103
272.555
152.548
56,0%
-5.159
157.707
Minority interests
185.179
80.141
105.038
131,1%
3.033
102.006
NET INCOME
239.924
192.414
47.510
24,7%
-8.191
55.701
EBITDA
953.484
778.945
174.538
22,4%
0
0
EBITDA Margin
58,0%
50,5%
8%
Operating margin
52,2%
41,4%
8%
Net margin before IM
25,9%
17,7%
8%
Net Margin
14,6%
12,5%
2%
EXCLUDING CONSTRUCTION
EBITDA Margin
69,6%
64,9%
5%
Operating margin
59,4%
50,6%
9%
Net margin before IM
29,1%
21,4%
8%
Net Margin
16,0%
15,0%
1%
EBITDA Margin
69,6%
64,9%
5%
Operating margin
62,5%
53,2%
9%
Net margin before IM
30,5%
22,5%
8%
Net Margin
16,9%
15,8%
1%
AFFILIATES

What are the revenues classified by service and by country 2014, 2015, 2019? (02.28.2017)

Consolidated view, it includes intercompany eliminations (IFRS).

COP Million Colombia Brazil Peru Chile Bolivia Bermudas Argentina Total
2016 ELECTRIC ENERGY TRANSPORT
1.648.021
6.824.663
1.837.500
0
72.193
41.823
0
10.424.200
86%
TOLL ROAD CONCESSIONS
0
0
0
1.243.215
0
0
0
1.243.215
10%
TELECOMMUNICATIONS TRANSPORT
162.752
84.467
49.620
20.944
0
0
19.384
337.167
3%
MANAGEMENT OF REAL TIME SYSTEMS
132.969
0
0
0
0
0
0
132.969
1%
TOTAL
1.943.742
6.909.130
1.887.120
1.264.158
72.193
41.823
19.384
12.137.551
16%
57%
16%
10%
1%
0%
0%
COP Million Colombia Brazil Peru Chile Bolivia Bermudas Argentina Total
2016 ELECTRIC ENERGY TRANSPORT
1.648.021
1.297.647
1.837.500
0
72.193
41.823
0
10.424.200
74%
TOLL ROAD CONCESSIONS
0
0
0
1.243.215
0
0
0
1.243.215
19%
TELECOMMUNICATIONS TRANSPORT
162.752
84.467
49.620
20.944
0
0
19.384
337.167
5%
MANAGEMENT OF REAL TIME SYSTEMS
132.969
0
0
0
0
0
0
132.969
2%
Total excluding RBSE
1.943.742
1.382.114
1.887.120
1.264.158
72.193
41.823
19.384
12.137.551
29%
21%
29%
19%
1%
1%
0%
COP Million Colombia Brasil Peru Chile Bolivia Bermudas Argentina Total
ELECTRIC ENERGY TRANSPORT
1.414.988
1.057.114
1.225.663
0
61.688
16.073
0
3.775.527
TOLL ROAD CONCESSIONS
0
0
0
1.095.266
0
0
0
1.095.266
TELECOMMUNICATIONS TRANSPORT
148.501
73.515
36.878
11.114
0
0
13.778
283.785
MANAGEMENT OF REAL TIME SYSTEMS
116.071
0
0
0
0
0
0
116.071
TOTAL
1.679.560
1.130.629
1.262.541
1.106.380
61.688
16.073
13.778
5.270.649
COP Million Colombia Brasil Perú Chile Bolivia Bermudas Argentina Total
2014 ELECTRIC ENERGY TRANSPORT
1.284.450
941.296
753.686
0
45.180
0
0
3.024.613
TOLL ROAD CONCESSIONS
0
0
0
843.418
0
0
0
843.418
TELECOMMUNICATIONS TRANSPORT
119.686
75.148
24.079
6.129
0
0
12.490
237.533
MANAGEMENT OF REAL TIME SYSTEMS
111.931
0
0
0
0
0
0
111.931
TOTAL
1.516.066
1.016.4444
777.765
849.547
45.180
0
12.490
4.217.494
AFFILIATES

What is the EBITDA margin (from the consolidated view) for each company at 2016? (02.28.2017)

2016
2015
Colombia 53,28% 58,28%
Transelca 62,37% 63,53%
INTERCOLOMBIA 66,01% 73,29%
Internexa 35,66% 57,43%
XM 12,26% 110,71%
SIR 47,05% 5,95%
CHILE 66,09% 71,39%
Ruta del Maipo 74,51% 75,53%
Ruta de la Araucanía 66,45% 77,88%
Ruta de los Ríos 65,67% 65,28%
Ruta del Bosque 67,68% 79,26%
Ruta del Maule 42,64% 64,02%
Internexa Chile 28,00% 11,41%
BRASIL 55,87% 43,24%
CTEEP 52,83% 40,19%
IEPINHEIROS 94,69% 72,74%
SERRA 88,23% 65,93%
Evrecy Participações Ltda 80,03% 85,61%
IEMG 70,81% 73,85%
Internexa Brasil 32,53% 21,98%
PERÚ 36,47% 44,50%
REP 54,37% 49,16%
ISA Perú 38,61% 67.20%
Transmantaro 28,58% 39,42%
Internexa en Perú 38,59% 38,88%
PDI del Perú 79,86% 86,68%
OTROS 48,50% 57,15%
Internexa Argentina 19,55% 8,32%
ISA Bolivia 81,12% 80,65%
Linear Systems RE LTD 5,62% 0,00%
TOTAL 51,37% 54,48%
Affiliates

What is the approximate date of termination of each Road concession in Chile and the current regulation ? (05.22.2013)

MDI’s 2010 revision are the dates according the MDI’s methodology, these dates are revised every year according to the toll income executed and projected.The term of the concessions are variable due to the methodology of pay. Total income is guaranteed as a Present value in UF’s. It means that every year a new concession final date is calculated.

ROUTE Background and basic criteria of concessions Total Income guaranteed for MDI expressed in UF's
Santiago - Talca Ruta del Maipo 30.434.180
Talca - Chillán Ruta del Maule 12.012.839
Chillán - Collipulli Ruta del Bosque 10.187.844
Collipulli - Temuco Ruta de la Araucanía 10.448.753
Temuco - Rio Bueno Ruta de los Rios Guaranteed Minimum Income to June 2023
Affiliates

What is the Chile concessions traffic for the last few years? (02.28.2017)

Rate for light vehicle
Figures in CLP
2009 2010 2011 2012 2013 2014 2015 2016
MAIPO 1.900 1.900 2.000 2.000 2.100 2.100 2.200 2.300
MAULE 1.900 1.900 2.000 2.000 2.100 2.100 2.200 2.200
BOSQUE 2.000 2.000 2.000 2.100 2.100 2.100 2.300 2.400
ARAUCANIA 1.900 1.900 1.900 2.000 2.000 2.100 2.200 2.300
RÍOS 1.900 1.900 1.900 1.900 2.000 2.100 2.200 2.200

Figures in thousands

Affiliates

What is the toll rate in 2014-2015? (03.04.2016)

*Figures in thousands
Equivalent Average Daily Traffic
Figures in thousands
2009 2010 2011 2012 2013 2014 2015 2016
MAIPO 76 89 94 103 109 114 122 132
MAULE 45 50 54 57 61 63 68 74
BOSQUE 26 29 30 32 35 35 38 41
ARAUCANIA 31 33 35 38 40 42 46 50
RIOS 20 21 22 24 25 26 28 30
TMDA 198 222 235 254 270 280 302 327
DEBT

What is the debt profile for September 2017 (11.14.2017)

PROJECTS

What is the 2017-2022 CAPEX? (11.22.2017)

Filial Nombre del proyecto Kms de Circuito Fecha PES (trimestre) Ingresos anuales (mill USD)
INTERCHILE Nueva linea Encuentro- Lagunas
188
trim 2-2017
5,8
Segundo circuito Encuentro - Lagunas
188
trim 2-2017
1,6
Transformación SE Cardones, Maintecillo y Pan de Azúcar
0
trim 3-2017
2,8
Ampliación barra nueva Cardones
0
trim 4-2017
0,4
Cardones Maitecillo 2X500 Kv
274,8
trim 1-2018
12,7
Maitecillo- Pan de Azúcar 2x500kv
428,4
trim 1-2018
18,4
Pan de Azúcar - Polpaico 2x500kV
823,6
trim 1-2018
31,7
INTERCOLOMBIA Conexión GECELCA 3.2 AL STN en la SE Cerramatoso
26,62
trim 3-2017
3,0
SE Caracolí 220kv y lineas asociadas
56
trim 2-2017*
7,9
LT La Hermosa - Esmeralda
20
trim 3-2017
PD
SE Montería a 230kv y LT´s asociadas
195
trim 4-2017*
9,2
UPME 03-2016: SE San Antonio y líneas asociadas
56
trim 2-2018
PD
Subestación Ituango y LT´s a 500kv y 230kv
684,30
trim 3-2018
42,4
UPME 05-2014: Cerromatoso-Chinú-Copey
351,7
trim 1-2019
14,1
REP Ampliación 17
102
trim 2-2017*
5,0
Ampliación 13
6
trim 4-2016
3,0
Ampliación 18
0
trim 1-2019
1,9
CTM Línea de Transmisión La Planicie - Industriales 220kv y SE´s asociados
33,2
trim 3-2016*
5,5
Línea de Transmisión Friaspata- Mollepata y SE 220.60kv
101.74
trim 4-2016*
5,7
Ampliación: Cotaruse
0
trim 2-2017
0,9
Línea de Transmisión Mantaro- Montalvo 500kv
923
trim 2-2017
41,5
Ampliación Termochilca
2
trim 4-2017
0,9
Refuerzo: Banco reactores subestación La Niña
0
trim 1-2018
0,9
Primera etapa SE Carapongo y enlaces de conexión de líneas asociadas
10.8
trim 1-2018
7,0
PLANNING

What is the 2017-2021 CAPEX? (02.28.2017) – Figures in million -

TRM Promedio 2.950 2.990 3.016 3.047 3.077 3.107
COLOMBIA 2017 2018 2019 2020 2021 2022 Total
2017-2022
ISA 774.707 1.224.660 340.247 496.651 107.783 110.846 3.054.894
TRANSELCA 32.210 66.744 28.865 25.447 8.922 15.281 177.469
XM 37.240 42.949 57.404 56.020 58.150 60.283 312.047
SIR 5.927 - - - - 5.927
INTERNEXA 64.208 63.000 66.358 175.646 37.571 58.484 465.267
TOTAL COLOMBIA 914.291 1.397.353 492.874 753.765 212.426 244.894 4.015.603
PERÚ 2017 2018 2019 2020 2021 2022 Total
2017-2022
INTERNEXA PERÚ 8.976 10.307 12.022 13.652 15.180 16.634 76.770
CTM 624.407 341.477 98.833 855.630 669.751 12.748 2.602.847
ISA PERU 7.917 1.938 1.052 1.794 2.307 2.451 17.458
Aporte a Infinity 3474.554 - 474.554
REP 140.087 134.114 153.910 42.746 41.801 40.082 552.740
TOTAL PERÚ 1.255.941 487.836 265.817 913.822 729.038 71.914 3.724.369
BRASIL 2016 2017 2018 2019 2020 2021 2022 Total
2017-2022
CTEEP 231.458 269.153 466.862 513.987 209.116 249.438 1.940.014
ISA Investimentos & Participacoes 947.925 - - - - 947.925
IEItaunas 6.888 53.667 134.120 16.444 19.345 - 230.464
IEPinheiros (141) 6.669 34.706 988 - 8.447 50.669
SERRA DO JAPI 3.426 2.472 215 - 1.540 - 7.653
IEMG 174 8.461 5.094 - - - 13.730
IETIBAGI 2.090 12.528 57.395 13.433 10.452 - 95.898
IETAQUERE 9.002 45.334 47.539 2.805 1.266 815 106.760
IETAPURA 3.883 14.516 27.180 8.176 - - 53.755
IEAGUAPEI 9.519 17.761 154.215 82.595 17.975 - 282.066
EVRECY 12 295 895 211 3.005 4.189 8.606
INTERNEXA BRASIL 44.858 43.181 65.453 27.372 44.946 46.931 272.741
TOTAL BRASIL 1.259.094 474.038 993.674 666.011 307.645 309.820 4.010.282
BOLIVIA Y ARGENTINA 2017 2018 2019 2020 2021 2022 Total COP Total
2017-2022
ISA BOLIVIA 2.568 1.409 752 490 824 829 6.872
INTERNEXA ARGENTINA 2.255 220 183 187 195 205 3.244
CHILE 2017 2018 2019 2020 2021 2022 Total
2017-2022
CINTRA Y CONCESIONES 117.149 239.892 333.432 360.653 60.544 101.246 1.212.915
INTERNEXA CHILE 3.068 4.257 3.662 3.739 3.940 4.169 22.835
INTERCHILE 1.052.504 767.581 267.271 2.863 897 2.199 2.093.314
TOTAL CHILE 1.172.722 1.011.730 604.364 367.254 65.381 107.615 3.329.065
Total Grupo(COP Millones) 4.606.871 3.372.586 2.357.663 2.701.529 1.315.510 735.275 15.089.435
Total Grupo(USD Millones) 1.561 1.128 782 887 428 237 5.022

This information corresponds to the sum of individual investments planned as of November 21, 2017 of companies controlled by ISA. Includes capital contributions and direct investment in projects already won.


Suppliers FAQs

Learn the most common questions raised by providers to initiate contractual contractual contractual pre and post stages of the recruitment process. To display the menu of FAQs you must click on the + icon

Suppliers FAQs

What is the basis to generate the tax certificates?

  • Income Tax Withholding: Annual
  • Withholding tax Sales: Bimonthly
  • Retention Industry and Trade: According to the schedule for the filing of the tax return for each industry and trade district, for example:
  • District of Bogotá: Bimonthly
  • Municipality of Medellín: Annual
  • Municipality of Santiago de Cali: Annual
  • Municipality of Ottawa: Monthly
  • Municipality of San Carlos: Annual
  • Sabaneta Municipality: Annual
  • Sabanalarga Municipality: Annual
  • Municipality of Soledad: Monthly

In case of any concern at the information generated, who I can contact?

If the password lock, who I can contact?

What is the publication date of the certificates?

  • Income Tax Withholding: By 15 March the following year
  • Retention Sales Tax: Within 15 days after the two months in which I handy calendar retention
  • Retention Industry and Trade: Within 10 calendar days in which retention is practical

What is the procedure to follow when excessive or improper deductions are effected?

For withholding tax by way of income, sales tax and industry and commerce, it must comply with the provisions of Article 6 of the Regulatory Decree 1189 of 1998, as follows:

At what point can I check what tax year certificates of withholding for income in this portal?

As of the fiscal year 2011

What two months after that I can consult tax lien certificates and ICA in this website?

From 2012 two months 1

What retention rate of industry and commerce will be applied to my payments?

All rates are applied according to the provisions of the Tax Code of the municipality in which the service is provided or the respective purchase is made, taking into account the activity code of the provider.

What Municipality retention applies industry and commerce?

  • For servicesin the municipality where the service was provided.
  • For supply property in the municipality where the provider is located.

What procurement regime applies to ISA?

In accordance with Article 32 of Law 142 of 1994, the paragraph of Article 8, in accordance with Article 76 of Law 143 of 1994, the legal regime applicable to acts and contracts of the Company is that of private law. For recruitment observe the rules laid down in the Regulations for the procurement of goods and services in accordance with the Corporate Policy and issues not covered in the provisions of the Civil Code, the Commercial Code or the rules that are applicable will be followed.

What is Date of Opening a process?

Corresponds to the date on which the document was handed Offer Solicitation or sale starts.

What is a Closing Date buying process?

When the submission period ends deals for their analysis and evaluation.

What is the procedure to register as a provider ISA?

See Section Supplier Registration – Requirements for Registration

What are the basic goods and services for the Energy Transport Service?

See Section Supplier Registration – Requirements for Registration

What are the criteria for selecting the contractor?

To define the procedure for selecting contractors ISA, it is based on the estimated budget including VAT, and is performed as follows:

Private Request

When the estimated value of the contract exceeds one hundred (100) smlm not exceeding two thousand five hundred (2,500) smlm including VAT, is required to invite at least three (3) bidders. Notwithstanding the foregoing, if the invitations made no show but a bidder whose bid meets the requirements of ISA ESP it may contract with it.

You can also do private RFP, without regard to the amount in the case of: Contract aimed Connections to the National Transmission System, Contracts to acquire new technologies (Know How), Contracts for the renovation, expansion or Software modification or acquisition of licenses, contracts Telecommunications and Contract Advertising.

Public Request

When the estimated value of the contract exceeds 2500 (2500) smlm including VAT, a public invitation to tender is made by publication of at least one (1) notice in a newspaper of general circulation.

Single Request

When the contractor can be selected by applying for one (1) single quote, which applies to the following cases:

  • If after making a public or private request, not present any offer or any of the received meets the requirements of the RFP documents.
  • In the case of related, complementary, dependent and inherent to contracts under a separate agreement.
  • The Interagency Agreements or Contracts.
  • If according to the information that can be obtained, there is only one person who can provide the Goods or Services
  • If Contract Intuito Personae, ie, to be held in consideration of the personal qualities of the Contractor.

Other Applications of Bids:

According to the circumstances or particular needs, the Company may take other forms of RFP or do this in stages, where initially presenting technical proposal is requested, then a selection was appropriate to request economic offer.

What are the procedures for recruiting?

As the amount will be a direct order or a contract of greater or lesser degree, according to the following conditions shall subscribe:

  • Order Direct: For less than one hundred (100) amounts smlm be done through verbal or telephone consultation consigning related data provider object value and date in a form signed by the person responsible. Payment will be made against invoice prior record of who ordered the purchase of the product, goods or service, which indicated that this corresponds to the order and the related invoice.
  • Retail Contract amount: Less than and equal to 2500 (2500) smlm including VAT. Such contracts are previously ordered in writing by the competent employee.
  • Major Contract amount: Above 2500 (2500) smlm including VAT. These contracts also held writing be signed by both parties.

What are the main fax numbers in Medellin headquarters ISA?

  • Fax: (4) 3170848
  • Management Infrastructure Project: (4) 3172095
  • Business Management Address: (4) 3171560
  • General Management: (4) 3170846
  • Financial Management: (4) 3170858
  • Operation Management and Administration-OAM-Market: (4) 3170989
  • Management of the National Dispatch Center: (4) 3170833

What is the availability of ISA, for receiving physical documents at its headquarters in Medellin?

Monday to Friday 7:30 A.M. 6:00 P.M., Management Documentary - reception of documents.
Outside these hours, as well as Saturdays, Sundays and holidays, documentation is received at any time, but the main goal.
This availability applies to all year.

How I can send to ISA via email, my offers of goods and services?

You can send the portfolio of services and text containing the offer to the address proveedores@isa.com.co.
You can also use the mini-site contact the provider website www.isa.com.co ISA. Upon receiving the message, the message will be sent to areas of the business that may be interested in offering

How to get additional information about the payments I can see through the "Custom Information" section?

If you require additional information related payments can only communicate with the telephone line in Medellín (4) 317 20 42 from Monday to Friday between the hours of 2:00 pm to 4:30 pm or write a message to the mail box tesoreria@isa.com.co


Disclaimer

Certain statements contained in this report constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.

These forward-looking statements reflect our current views with respect to future events and are based on assumptions and subject to risks and uncertainties. Also, these forward-looking statements present our estimates and assumptions only as of the date of this report. Except for our ongoing obligation to disclose material information as required by federal securities laws, we do not intend to update you concerning any future revisions to any forward-looking statements to reflect events or circumstances occurring after the date of this report.

Amounts expressed in US dollars are for information purposes only, and do not reflect accounting conversion techniques usually applied.

The unaudited Quarterly figures are expressed in millions of Colombian pesos (COP). The consolidation process includes 100% of the companies where ISA holds control and the implementation of International Financial Reporting Standards –IFRS- which are applicable in Colombia since January 1, 2015.

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