Empresa de Telecomunicaciones de Bogotá S.A. E.SP

Empresa de Telecomunicaciones de
Bogotá S.A. E.SP
September, 2015
01
Disclosure
This disclosure contains future projections relating to the probable development of the business and the estimated results of the
Company. These future projections include information based on company estimates, approximations and current plans with
regard to its financial future and its operational results. Please note that this information is not in itself an assurance of actual performance
and it may be modified at a later date. Real results may fluctuate with regard to the future projections of the company due to various
factors that are not within the control of the issuer.
The Company is under no responsibility for the information contained herewith, nor has it any obligation to revise the projections
established in this document, nor is it obliged to update, modify or supplement it in the light of actual occurrences taking place after its
publication. The information disclosed herein the present document is of an informative and descriptive nature, and may not be
divulged to third parties, nor reproduced, copied, distributed, used or marketed without the prior written authorization of the Company.
02
Participating
Executives
(D)
Chief Financial
Officer – CFO
Investor
Relations Officer
– IRO
03
Content
1. Stability
2. Finacial Statements
3. Social Corporate Responsability
04
¿Who we are?
131 years of operation
Name changed to
“Empresa de Teléfonos de
Bogotá (ETB)” and
becomes a 100% statal
company
New name change to
ETB and enters the
value-added services
market
1940
Enters the mobile
market as a virtual
operator (MVNO).
Enters the long
distance services
market.
1992
1884
1990
Founded as “Colombian
Telephone Company”,
eight years after the
patent for the telephone.
Some market reforms
were carried out,
allowing ETB to
compete in various
segments.
Strategic Alliance with
DirecTV to offer
television services.
(Triple – Play)
2000
1998
Joins the Colombian
stock market (Inc),
allowing private sector
shareholders to own
11.6% of the company
Buys Ingelcom, a
paid
television
service provider.
Enters the carrier
market and begins to
provide DSl internet
services.
2014
2013
2008
An Association of
Risk Sharing with
EPM is achieved to
create Colombia
Móvil SA.
Launches its LTE 4G services in
october.
2012
2005
2003
Acquires 75% of
Skynet
satellite
services company.
Consolidated as
leader in the
broadband internet
market in Bogotá.
Obtain its LTE license and begins
to work on the development of
the ETB mobile strategy program.
Starts the deployment of Fiber to
the Home (FTTH) in Bogotá.
Starts the
development of the
IPTV Project.
2015
National expansion:
Commercial presence
for mobile services in:
B / manga,
Cucuta, Santa Marta,
Barranquilla,
Medellin, Cali,
V / cencio,
and Popayan.
05
Ownership
Structure
U. Distrital
MV, GM, EAAB,
FPECP, IDU, LB
Total Ordinary Public Shares: 3.138.543.711
Total Private Shares – Floating: 412.009.701
Total Shares Outstanding: 3.550.553.412
1,77%
0,04%
Otros
Accionistas
10,63%
Extranjeros
Bogotá D.C.
86,59%
Public
shareholders
88,40%
Private
Shareholders
2,18%
11,60%
Instituciones
Locales
0,60%
06
Municipio De Villavicencio: MV
Gobernación Del Meta: GM
Empresa De Acueducto Y Alcantarillado De Bogotá: EAAB
Fondo De Prestaciones Económicas Cesantías Y Pensiones: FPECP
Instituto De Desarrollo Urbano De Bogotá: IDU
Lotería de Bogotá: LB
Detail on Private
Shareholderss
Our
Organizational Chart
Board Of Directors
Chief Executive Officer CEO
Saúl Kattan Cohen
General Secretary
Javier Gutiérrez Afanador
Internal Corporate Auditor
Mauricio Vasco Moscovith
Network Engeniering Manager
Iván Mauricio Montenegro
Communications and Brand Manager
Shelley Vanessa Oviedo Arias
Movility Team Manager
Isabel Cristina Martínez Coral
Homes and
People
VP.
Enterprises
and
Government
VP.
Customer
Expereince
VP.
Infraestructure
VP.
Chief
Financial
Officer CFO
Carlos Alberto
Gómez García
Luis Ignacio
Betancur
Carlos Eduardo
Graham S.
Daniel Federico
Vásquez L.
Carlos Hernández
Z. (e)
Investor
Relations Officer
– IRO
Eugenia Londoño V.
Human Capital
and and Supply
Chain
VP.
Jaime Andrés
García
Strategy and
Business
Development
VP.
Pablo Gómez
Mora
IT
VP.
Juan Manuel
Cortina
07
ETB
And its Associated companies
88,16%
39,99%
Americas Business
Process Services
Colvatel S.A. E.S.P.
75%
Skynet de
Colombia
S.A. E.S.P.
08
ETB
Market Capitalization
(At June 30th of 2015)
Relevant Information
COP$ 1.842.737.220.828
USD$
740.414.908,78*
District
of Bogotá
Established in 1884 as the first telecommunications
provider in Colombia.
86.58%
The largest telecommunications operator in Bogotá, Colombia's
largest city with 7.8 million inhabitants (8 million including Soacha):
Controlling Shareholder
Of the
total shares
Finacial Data- Annual Sales 2014
COP$ 1.354.317.762
USD$ 681.927,026*
55,1% market share in fixed lines.
33,0% market share in broadband.
Fixed line leading operator company in Colombia,
with a wide range of telecommunications services,
such as:
13%
31%
45%
77%
Broad Band Internet, over copper and FTTH, IPTV,
29,73%
Cash avaliable (+ Information)
COP$ 816
USD$ 328
Total financial debt on 31 st of December of 2014: Cop$
530.238.039 K
Colombian company for Colombians
2.978 direct employees.
National presence.
Company with more than 130 years of experience
*OCE Average: 2015: $2.489; 2014: $2.001
COP$ 713.525.939 K
USD$ 286.695,92 K*
EBITDA Margin up to June of 2015:
Mobile, IT and Data Center Services
ETB clients at June of 2015:
Fixed Line 1.4 millones
Mobile: + 162 mil
FTTH: +1 millón home passed
55 mil home connected
TV+ Cúcuta: + 42 mil
Copper: +530 mil.
EBITDA at June of 2015
COP$ 212.146.360 K
USD$ 85.241 K*
Continuing operations
Revenue up to June of 2015:
A solid, competitive and profitable company.
June
2015
10
09
Relevant
Information 2015
2Q 2015
Nearly the 60% of Bogotá covered with FTTH:
More than 900 homes passed and more than 30 thousand
connected homes in Bogotá
We surpassed 162 thousand customers with mobile LTE / 4G.
75 thousand customers using mobile services LTE/4G
The 4G mobile ETB corporate plan was launched.
FTTH deployment for corporate
Barranquilla and Cucuta.
customers
Fitch and Ratings reaffirmed ETB´s debt:
Domestic corporate debt: AAA
Local and foreinge currency: BBB-
in
Ibague,
The mobile phone offer in Cali, Barranquilla,
Bucaramanga and Cucuta was launched.
FTTH deployment Coverage : More than a million homes passed and
about 55 thousand households connected.
23 WiFi zones connected in Bogota
Data Center bid process kick off.
7 new WiFi hot spots in Bogotá.
IFRS Implementation
1Q 2015
ETB participated in the Colombia Inside Out event , an international meeting with leading
investors and business people from of all around the world .
The Constitutional Court made firm the failure of the State Council of 2012, which annulled the
arbitral awards by which
ETB was sentenced to pay a million dollar amount to the multinational Claro.
ETB participated in the Summit of the Americas in Panama, where more than 30 presidents,
heads of state and 700 business leaders gathered.
New Customer Experience Center opened in Chapinero, responding to ETB strategic program:
Excellence in Service. The Chapinero center will host about 7,000 customers per month.
At the Extraordinary Shareholders' Meeting held on the 23 of June, was agreed on paying $
113.84 per share on extraordinary dividends ($ 404 billion in total)
10
Telecomunications Market in Colombia
Telecomunication´s Sector Evolution
Mobile internet continues to drive the industry over the past year with a growth CARG of 25.9 %, followed by dedicated internet (CAGR 13.6%) , mobile services
(CAGR 9.2% ) and TV services, which suffered a slight decrease after the world cup 2014.
TOTAL SUBSCRIBERS BY SERVICE
9
QUARTERLY
CHANGE
4Q14 - 1Q15
ANNUAL - CAGR
1Q14 - 1Q15
0,2%
7,4%
-4,2%
-3,9%
5,1%
13,3%
-2,7%
12,1%
1,1%
3,6%
60
Number of subscribers other services
(Millions)
8
6,9
50
5,4
40
7
6
5,3
5
5,0
30
4
20
3
2
10
1
0
0
Mobile Services
Basic line
Dedicated Internet
Mobile Internet
Number of mobile phone subscribers
(Millions)
55
TV
11
Fuente: Elaborado por GEC. Información, MinTIC 2014. Archivo: informetrimestral4t2014.xlsx. http://colombiatic.mintic.gov.co/602/w3-article-5550.html
Nota: Las Líneas Básicas – TPBC, publicadas por MinTIC en el 2012 fueron Facturando, durante los demás periodos han sido Líneas en Servicio.
.
Fixed Line TPBC
Bogotá - Soacha
ETB maintains its leadership in this service, nonetheless the pressure from competition offering lower prices and packaged services makes the competition on this service
harder.
Subscribers for fixed line
Fixed line market share
(Thousand)
(%)
2.454
2.459
Variation %
4Q14 - 1Q15
1
0,2%
1
196
199
194
689
1Q-15
4Q-14
196
- 9,1%
712
-1,5%
1.369
4Q-14
ETB
1.356
Claro
UNE
-0,8%
1Q-15
Movistar
8,0%
8,1%
29,0%
28,1%
3,3%
Otros
-1,0%
Total annual subscribers
8,0%
55,8%
55,1%
7,9%
1Q14 - 1Q15
Annual CAGR
Penetration of
the service in
households
1.5 %
%
93,1%
%
* In 2013 MinTIC republished lines in service , unlike in 2012 where they were billed lines .
Note : To calculate the household penetration DANE report used : Hogares_viviendas_1985-2020.xls
Source : Prepared by GEC . Information SIUST ( MinTIC 2014) File : informetrimestral4t2014.xlsx .
ETB
Claro
UNE
Movistar
12
Internet - Broad Band
Bogotá – Soacha
CLARO is the leader in this service, however in a highly competitive market, ETB has achieved to maintain a growing path during the last quarter.
Internet subscribers
Internet market share
(Thousands)
(%)
Variation %
4Q14 - 1Q15
1.609
1.572
22
21
137
186
525
139
182
531
703
734
4,0%
4Q-14
Claro
ETB
UNE
1Q-15
Movistar
1,4%
11,9%
1,6%
-2,4%
Otros
1Q-15
4Q-14
2,4%
1,4%
11,3%
44,7%
45,6%
33,4%
1,3%
33,0%
4,5%
Total Suscriptores Año
8,7%
8,7%
1Q14 - 1Q15
Annual CAGR
Penetration of
the service in
households
10,4%
12,9%
45,6%
60,9%
Note : To calculate the household penetration DANE report used : Hogares_viviendas_1985-2020.xls Source :
Prepared by GEC . Information SIUST ( MinTIC 2014) File : informetrimestral4t2014.xlsx
Claro
ETB
UNE
Movistar
Otros
13
Paid Television
Bogotá - Soacha
CLARO is the leader in the TV market with 835K subscribers, even though ETB is not yet a relevant operator , is beginning to gain market share due its high quality product
and competitive price.
2,9%
TV Services Subscribers
Variation %
4Q14 - 1Q15
(Thousands)
Television Market Share
(%)
2,0%
1.262
1.288
4
37
13
38
94
74
98
226
225
827
827
Claro
4Q-14
Direct TV
>100%
1,7%
75
225
230
0,4%
827
835
Otros
1Q-15
UNE
Movistar
1Q-15
4Q-14
1,0%
0,3%
7,6%
5,8%
7,5%
5,9%
3,8%
2,1%
ETB
1,0%
17,8%
17,8%
3,0%
64,8%
2,9%
65,5%
Total annual subscribers
1Q14- 1Q15
Claro
Anual CAGR
5,8 %
Direct TV
Otros
UNE
Movistar
ETB
6,2%
14
Penetration of the
service in
households
49,9%
48,9%
Fuente: Elaborado por GDE. Información, SIUST (MinTIC 2015) archivo: informetrimestral1t2015.xlsx
Telecomunication Sector in Colombia
Market Share 1Q2015
Operator with the largest market share
Fixed
Line
Dedicated
Internet
Paid
TV
Mobile
Internet
Mobile
Services
15
Others
Total
(Thousands)
Telecomunication Sector in Colombia
Market Share 1Q2015
Operator with the largest market share
Fixed
Line
Dedicated
Internet
Paid
TV
Fixed
Line
Dedicated
Internet
Paid
TV
Fixed
Line
Dedicated
Internet
Paid
TV
Others
Total
(Thousands)
16
17
Corporate Strategic Plan, PEC: 2012 – 2016
Transformation
In 2022 ETB will be a
corporation with COP $4.5
billion in revenue.
The EBITDA margin should be
greater than 45%.
ITransformETB
N-Play services - FTTH
IPTV
4G - LTE mobile services.
Regional and Corporate Services
strengthening
Client Strategic Management.
Total investment for strategic
programs USD $ 1.0 billion
30% of its revenues come from
outside Bogotá.
Foreign Bond: Issued in
January 2013 for COP$530
billion, at a rate of 7% with 10
years of maturity.
Retirement
Pension
commutation:
The
largest
commutation in the history of
Colombia. – A lliability of
COP$1.2 billion. – 3.859
people benefited. – Current
and future pensions are
guaranteed.
17
Strategic Corporate
Programs
N-play, ETB Convergente
With this program, ETB is techonologically leading the industry. Due to
fiber to the Home (FTTH), based on the unlimited capacity of FTTH, we
may offer our clients convergent telecommunications services and topquality entertainment, constituting an innovation in the Colombian
market..
WiFi
ETB acquired most of the infrastrcture needed for the
implementation, management and control of WiFi zones in Bogotá.
The company designed and implemented temporary solutions to
provide a free WiFi service in highly crowded event
Excelencia en el servicio
Servicios Móviles, 4G de ETB
The comercial 4G Mobile Service Offer is supported on a 4G LTE acces
network, together with Colombia Movil, strategic partner with whom an
infraestructure sharinng agrement has been subscribed, allowing
nationwide coverage. this access network oncluides the latest
technologies avariable worlwide to ensure quality services and experience
to our clients.
Potencialización de Regiones
To consolidate ETB’s regional presence, with quality infrastructure and
competitive offers in the corporate segment. Regional ETB employess
were involved in the fiber optics infraestructure deployment, the
commercial offer construction and the sale of services.
Aiming at cultural transformation, the Client Experience Vice
Presidency poses as challenges the compliance of basic client
expectations in the different interactions, development of iniatives
that allow improving client experience and mobilizing employees
and allies towards a culture of service
Gestión estratégica de Cliente,
información al conocimiento.
ETB
de
la
Thaks to the information govemment model definition and to
development implemented in Data Warehouse, higher information
volume is avariable. the above currently allows the company to
obtain basic information per strategic bussiness unit, offering
opportunity and quality for the decision-making process.
18
Porfolio
ETB
FTTH
IPTV
Fiber To
The Home
Television
Mobile
Services
4G
19
ETB´s Porfolio
FTTH
2014
The first year of operation
Only operator doing
FTTH
Bogotá
One of the best
cities with Internet
connection in
LATAM
2015
Development of
new value-added
services
Goal: 1 millón home
FTTH
Fibra Óptica
passed - 65% - 70% of the
households in Bogotá
855 thousand homes
passed, 40% of the
Bogotá´s households
242 thousand
connectable homes
Speeds up to:
75
20 thousand connected
homes
Goal: 140 thousand homes
connected
MB/Seg
Upload
150
MB/Seg
Download
Achieved up to June:
+1 millón homes passed
55 mil homes connected
IPBX Provisioning
over FTTH
20
ETB´s Porfolio
2015
IPTV
Goal: 80 thousand customers
Achieved up to June:
FTTH TV:+28 thousand customers
FTTH TV+ Cúcuta: + 42 thousand customers
.
2014
Launched in April
73 HD Channels
107 SD Channels
4.000 Customers
IPTV
Televisión
The best platform in
Colombia via FTTH
Second IPTV antenna
in LATAM
Recording up to 5
channels at the
Same time
Option to rewind
up to 60 minutes
Less than 1
second to switch
Channels
Allows the pausing of
live channels for later
viewing
Implementation of
VOD (Video on
Demand)
Implementation of
OTT: live channels
on mobile devices
New variety of
channels:
Goal: 83 HD Channels
21
ETB´s Porfolio
Mobile
Commercial partnerships:
2014
Without discounting data from
pre and postpaid plans.
2015
Goal: 350.000 clients
Launched in October
Facebook
Nationwide coverage
Partnership with Tigo:
Data: 4G spectrum
Voice: 3G network
Low level of CAPEX
Mobile
4G
Whasapp
National expansion:
Commercial presence for
mobile services in:
B / manga, Cucuta, Santa Marta,
Barranquilla, Medellin, Cali,
V / cencio, and Popayan.
Up to June: 162.337 clients
Up to August: 230 thousand clients
Spotify
Coverage 4G: 74
municipalities in August
Calls COP$ 3
per second
20 thousand customers in
two months
62% post-paid
38% pre-paid
85 Selling points in
Bogotá: Shoping Centers,
Authorized dealers, Retailers,
mobile units and own shops.
19 Points of attention in
Bogota: Own stores,
dealers and Cades
Product development
for the SMEs /
corporate sector
Support to
the first film
festival made
with smart
phones in
LATAM
22
Current
Certifications
Local and foreign
currency
Moneda local
Ba1
BBB-
Perspectiva Estable
2
LOW DEBT LEVELS,
significant margins
of covaerage in
regards to its
financial
obligations
DEBT
PROFILE
Domestic
Corporate credit
rating is
AAA
since 2003
1
CASH FLOW
Generation
4
3
CONSERVATIVE
FINANCIAL
MANAGEMENT
Policy
First company in Colombia to
obtain international
INVESTMENT GRADE
CREDIT RATING
23
Current Certifications
ETB was certified
for its time in
environmental
management ISO14001:2004.
ETB ascender
from 57 to 83
points in
corporate
Transparency
measurement Transparencia por
Colombia
Quality Management
System and Risk
Management - ISO
9001: 2008 and
NTCGP1000: 2009
ETB is
For the Second
acknowledge
consecutive year
"WORLDCOBETB receives
CSR" for its ethnics
From the
Environmental
and transparency
Colombian
Management System - gestion and for the
Security
ISO 14001: 2004
consolidation of its
Exchange (BVC
Corporate
for its a acronym Management System
Responsibility
in spanish) the
Information Security Management.
Investor Relations
ISO 27001: 2005
Recognition.
BUREAU BERITAS
CERTIFICATION
.
24
Content
1. Stability
2. Finacial Statements
3. Social Corporate Responsability
25
Financial Statements - IFRS
Balance Sheet
Total Liabilities
(COP$ thousand milion)
(USD$ million)
Total Assets
COP$ 1.836
USD$ 917
COP$ 4.699
USD$ 2.348
At 31st of
December 2014
COP$ 4.613
USD$ 1.853
At 30th of June
of 2015
At 31st of
December 2014
COP$ 2.198
USD$ 883
At 30th of
June of 2015
Total Equity
COP$ 2.863
USD$ 1.431
COP$ 2.415
USD$ 970
26
At 31st of
December 2014
OER Average: 2015: $2.489; 2014: $2.001
At 30th of June
of 2015
Financial Statements - IFRS
Income of Statement
Profit
(COP$ millon)
(USD$ millon)
Continuing operations Revenue
COP$ 666.920
USD$
333
COP$ 61.582
USD$
24
COP$ 679.809
USD$
273
At 30th of
June 2014
2,54%
COP$ 695.819
USD$
347
(COP)
At 30th of
June of 2015
Ordinary activities Revenue
COP$ 44.182
USD$
22
At 30th of
June 2014
At 30th of
June of 2015
Net profit
COP$ 713.525
USD$
286
EBITDA
At 30th of
June 2014
At 30th of
June of 2015
EBITDA
Margin
COP$ 260.468
USD$
130
37,43%
1 Semester of 2014
OER Average 2015: $2.489; 2014: $2.001
COP$ 212.146
USD$
85
EBITDA
Margin
29,73%
1 Semester of 2015
27
Financial Statements
Revenue
(COP$ millon)
(USD$ millon)
8%
1.600
-3%
-1%
0%
10%
2%
8%
-3%
1.400
0,2%
-2,1%
6%
1,3%
2%
-6,4%
1.200
COP$ 1.364
USD$ 681
COP$ 1.361
USD$ 728
COP$ 1.344
USD$ 747
COP$ 1.436
USD$ 793
COP$ 1.467
USD$ 772
COP$ 1.437
USD$ 666
COP$ 1.483
USD$ 754
COP$ 1.502
USD$ 722
COP$ 1.553
USD$ 658
COP$ 1.442
USD$ 621
1.000
0%
-2%
-4%
-6%
800
-8%
2005
2006
2007
2008
2009
Ordinary Revenue
2010
2011
2012
2013
2014
Variation
OER Average: 2005: $2.320,77; 2006: $2.357,98; 2007: $2.078,35; 2008: $1.966,26; 2009: $2.156,29; 2010: $1.897,89; 2011: $1.848,17; 2012: $1.798,23; 2013: $1.868,9; 2014: $2.000,68;
28
Financial Statements
First 2015 Semester Revenue
(COP$ millones)
(USD$ millones)
Revenues
37,17% COP$ 252.782
USD$
26,%
102
Local
49,17%
COP$ 176.752
Internet
USD$
71
6,27% COP$ 42.655 Long Distance
USD$
17
Mobile
COP$ 21.744
3,20%
USD$
9
COP$ 334.247
Residential
USD$
134
COP$ 268.531 Corporate
39,50%
USD$
108
STRATEGIC
BUSINESS
UNITS
BUSINESS
LINE
COP$ 7.092
1,04%
3
COP$ 91.196 13,41%
Data USD$
37
COP$ 87.949 12,94%
Special Business
USD$
35
Television USD$
+ Cucuta
OCE Average: 2015: $2.489
Weight of participation in revenues (%)
Mobile
COP$ 21.744
USD$
9
Infraestructure
3,20%
COP$ 55.287 8,13%
USD$ 22
29
Financial Statements
Financial Indicators
(COP$ miles de millones)
(USD$ millones)
EBITDA
CAPEX
CAPEX : the increase in property, plant and equipment + intangible increase
cash flow - financial statements ETB
51%
50%
COP$ 660
USD$ 330
53%
COP$ 620
USD$ 331
47%
COP$ 717
USD$ 333
COP$ 752
USD$ 396
45%
COP$ 756
USD$ 409
COP$ 375
USD$ 173
41%
COP$ 634
USD$ 352
COP$ 615
USD$ 329
COP$ 279
USD$ 151
30%
COP$ 249
USD$ 131
COP$ 564
USD$ 282
COP$ 269
USD$ 108
COP$ 219
USD$ 121
COP$ 212
USD$ 85
2009
2010
EBITDA
2011
2012
2013
Margen EBITDA
2014
Junio
2015
2009
2010
2011
2012
2013
2014
Junio
2015
CAPEX
30
OCE Average: 2009: $2.156,29; 2010: $1.897,89; 2011: $1.848,17; 2012: $1.798,23; 2013: $1.868,9; 2014: $2.000,68; 2015: $2.489
Financial Statements - IFRS
Income of Statement
(COP$ Thousand)
(USD$ Thousand)
Up to June
2015
COP
2014
USD
COP
USD
Variation COP
Absolut
%
RECURRING ACTIVITIES
REVENUE FROM RECURRING ACTIVITIES
COP 713.525.939
USD 286.696 COP 695.819.906
USD 347.792 COP 17.706.033
2,54%
Cost and expenses on recurring activities
COP 723.362.241
USD 290.648 COP 645.243.869
USD 322.512 COP 78.118.372
12,11%
PROFIT ON RECURRING ACTIVITIES
-COP 9.836.302
(USD 3.952)
COP 50.576.037
USD 25.279 -COP 60.412.339
-119,45%
COP 1.362.463
USD 547
-COP 6.763.504
(USD 3.381)
COP 8.125.967
-120,14%
PROFIT BEFORE TAXES
-COP 5.349.182
(USD 2.149)
COP 49.052.265
USD 24.518 -COP 54.401.447
-110,91%
Income taxe prevision (imporenta and CREE)
COP 66.931.275
USD 26.893
-COP 4.869.807
(USD 2.434) COP 71.801.082
-1474,41%
NET PROFIT
COP 61.582.093
USD 24.744
COP 44.182.458
USD 22.084 COP 17.399.635
39,38%
Net Finacie cost
31
OER Average 2015: $2.489; 2014: $2.001
Financial Statements
Dividends
Billion COP
ETB has distributed significant amounts of cash in
dividends.
Since 2002, ETB has declared
COP$1.901billion.
Dividen Yield on Ordinary Dividends
Declared
Paid
On the 31st of December of 2014 ($19 per share and a
share price of $507 COP )
3,75%
Million USD
Dividen Yield on Extraordinary Dividends
On the 26st of August of 2015 ($ 19 per share and a share
price of $ 549)
20,74%
32
Declared
Paid
OCE: 2005: $2.320,77; 2006: $2.357,98; 2007: $2.078,35; 2008: $1.966,26; 2009: $2.156,29; 2010: $1.897,89; 2011: $1.848,17; 2012: $1.798,23; 2013: $1.868,9; 2014: $2.000,68;
Financial Statements
ETB Share and COLCAP
$ 600
Variation
1.900
1.752
$ 550
01/10/2013
30/06/2015
ETB Price
33,08%
1.800
1.700
COLCAP
-24,27%
1.600
$519
$ 500
1.500
Precio ETB
1.400
$ 450
1.300
1.331
COLCAP
Variation
2,37%
01/01/2015
1.200
$ 400
$ 390
ETB Precio
30/06/2015
1.100
COLCAP
$ 350
1.000
-
12,00%
33
Content
1. Stability
2. Finacial Statements
3. Social Corporate Responsability
34
Social
Corporate Responsability
Transparency Program
Amendment to the company´s bylaws.
A new Governance code and the
ethics committe were created.
The transparency and Zero tolerance
corruption Policy was lauched.
Program for Massive use of ICT
and Communication Technologies
Accenture´s Innovation award. In the Corporate
Social Responsability category.
25 " Vive Digital " (PVD) hotspots were implemented
with an agreement with Minister of Information
and Comunication Tecnologies.
105.836 people were trained in the use of ICT.
Information Communication
Technology - ICT Massive use
program:
Types of Interactive portals:
ETB Portals.
Sena Portals.
Citizen atention service Portals.
Application-APP development
Center.
Turism Information Points – TIP
Interactive buses
Human and Gender Equity
ProRights program
The Human rights policy was lauched.
Contractor
Development Program
The agreement on best corporate responsibility practicess
was included in the procurekment manual.
A course in human Rights and business
was developed.
The development of the first phase of the Corporate
Responsability Program, mas developed in conjuction
with Universidad Externado de Colombis an With
A wareness raising campaigns on women's and children's
Pacto Glabal.
rights were done
The Suppliers standardization process was developed
35
36