Corporación Financiera Colombiana S A : Results Presentation 2Q-22

RESULTS PRESENTATION 2Q-22

Corficolombiana

August 2022

Legal disclaimer

Trabajamos e invertimos en el progreso del país

The information provided in this document contains relevant figures about the results obtained by Corficolombiana S.A. ("Corficolombiana") in the first quarter of 2022. It is submitted as a summary and does not intend to be exhaustive to all the business aspects of Corficolombiana.

The Financial Statements are submitted under the International Financial Reporting Standards (IFRS) accepted in Colombia.

The content of this presentation is not and shall not be understood as an invitation to contract or invest in any of the projects or businesses in which Corficolombiana has participated. Likewise, it does not constitute legal or financial advice, recommendation or suggestion of investment or a tool for its readers to make any decision or action.

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Highlights

Trabajamos e invertimos en el progreso del país

CORFICOLOMBIANA

• On May 23rd, a dividend payment of $771,789.8 million was made (increase of 16.6% vs. 2021).
• BRC Ratings confirmed the long-term debt rating of AAA and the short-term debt rating of BRC 1+.

ENERGY & GAS

• Promigas held the second version of its Investor Day in New York, where its leaders discussed the achievements, challenges and projects of the company and its subsidiaries.
• Promigas signed an alliance with Sumitomo Corporation to explore and develop the hydrogen electric mobility market in Colombia and Peru.

INFRASTRUCTURE

• During the quarter, the last third of the Bogotá - Villavicencio four-lane highway was completed. This is one of the most modern 4G highways in the country and includes 32.9 kilometers of constructed works, 6 tunnels, 20 vehicular bridges, 6 pedestrian bridges and 18 intersections.

HOSPITALITY

• Recovery in occupancy with record levels (68%), above the country's average (59%).
• Hotels in cities such as Cartagena, Santa Marta, Villavicencio and Paipa registered occupancies above 70%.

AGROINDUSTRY

• Unipalma obtained the international RSPO certification for its sustainable palm oil.
• Pajonales achieved a higher performance than in the previous year due to the good results of Cálida 22, the internally developed rice seed.

FINANCIAL

• Successful treasury strategy

complemented by Casa de Bolsa's results

from participation in takeover bids.

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Business performance reflects financial strength

Trabajamos e invertimos en el progreso del país

Assets

+12.2%	48.22
42.98
2Q-21	2Q-22

Consolidated figures expressed in COP tn

EBITDA

+40.8%	1.85
1.31
2Q-21	2Q-22

Net Income

	+16.3%	625,491
537,667
2Q-21		2Q-22

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The economy grew 12.6% annually during the second quarter of this year, driven by household consumption and in a context of rising inflation.

Trabajamos e invertimos en el progreso del país

Quarterly GDP growth rate

Contribution to 2Q-2022 growth

Observed and forecasted inflation

%

(Annual % change, in constant pesos)	(demand components)	(CPI YoY%)
25				12													10,6
20		18,3		10													9,8
15		13,7		8											9,4				7,4
	12,6
		10,8	6																6,0
10			8,6	4
																			4,6
5	3,0			2
	0,8	0,9
0				0	mar-20				mar-21				mar-22			dic-22	mar-23
			dic-19	jun-20	sep-20	dic-20	jun-21	sep-21	dic-21	jun-22	sep-22	jun-23	sep-23	dic-23
-5		-3,6

-10			-8,8
-15
-20		-16,6
mar-20				mar-21				mar-22
dic-19	jun-20	sep-20	dic-20	jun-21	sep-21	dic-21	jun-22

Inflación anual Escenario Base Alcista Bajista

We expect inflation to remain close to 10% during the second half

of the year, which would lead the Central Bank to raise interest

rates to 10% in September.

The growth figure for 2022 could be close to 7%, but it is likely that during the second half of this year we will see a slower growth rate due to the inflationary shock and its effect on consumption patterns and rising interest rates.

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