The EBITDA margin reached 67,6% and the Return on Investment (ROI) reached 13,9%. These figures show the outstanding operational performance of the Company and business sound decisions
ISA closes the first quarter with positive and rising financial results which confirm its commitment and value generation to its shareholders. Net income was COP353.125 million, 18,7% more than the net income reported for the same 2018 period. Operating revenues amounted to COP1,8 trillion, with an increase of 11,3%, and the EBITDA was COP1,2 trillion. This represented an increase of 14,7% compared with the same 2018 period.

These results were derived, mainly, from higher revenues due to the entry into operation of new projects and the following facts in Brazil: the implementation of the Contract Asset methodology, the monthly payments from the tariff cycle adjustment, and the incorporation of 50% of IESUL, leaving ISA CTEEP with 100% stake at this company.

“This results from the comprehensive management carried out in all the holding, which involves different business stakeholders, but mainly, our employees”, said Carolina Botero Londoño, ISA’s CFO – Chief Financial Officer.

For the first quarter of the year, investments totaled COP556.353 million, related to the projects under construction in the Energy business unit, with 90,2%, followed by Roads with 6,0% and Telecommunications with 3,8%.

First quarter milestones

– Fitch Ratings Colombia affirmed in ‘AAA’ (col) the rating for Bonds and in ‘F1+’ the commercial papers part of the Program on Issuance and Placement of Securities of ISA’s Internal Public Debt. The outlook remained stable.

– Consorcio Transmantaro, an ISA company in Peru, was the first company in that country to issue green international bonds and it was also de first one in the energy transmission business in Latin America to do it as debentures. Resources from this transaction, USD400 million, are invested in projects which leverage the energy efficiency. Consorcio Transmantaro, an ISA company in Peru, was the first company in that country to issue green international bonds and it was also de first one in the energy transmission business in Latin America to do it as debentures. Resources from this transaction, USD400 million, are invested in projects which leverage the energy efficiency.

– The Holding delivered the Chinú-Montería-Urabá (200 km of circuit) in Colombia. It will strengthen the energy service in the northern part of the country. This project represents revenues close to USD8,7 million per year.

– At the Shareholders’ Meeting, payment of dividends for COP611.438 million was approved (COP552 per share), which represents 40% of 2018 income, the highest paid so far by the Company.

The Company won in a call for bid, the energy transmission project El Río 220 kV substation and associated transmission lines. This project is necessary for reliable and secure demand in Barranquilla and Soledad, Atlántico. ISA will receive annual revenues for USD10,84 million with this project. The Company won in a call for bid, the energy transmission project El Río 220 kV substation and associated transmission lines. This project is necessary for reliable and secure demand in Barranquilla and Soledad, Atlántico. ISA will receive annual revenues for USD10,84 million with this project. The Company won in a call for bid, the energy transmission project El Río 220 kV substation and associated transmission lines. This project is necessary for reliable and secure demand in Barranquilla and Soledad, Atlántico. ISA will receive annual revenues for USD10,84 million with this project. The Company won in a call for bid, the energy transmission project El Río 220 kV substation and associated transmission lines. This project is necessary for reliable and secure demand in Barranquilla and Soledad, Atlántico. ISA will receive annual revenues for USD10,84 million with this project.

Download here the complete report for the 2019 first quarter.