We Seek Conscious Growth
Administrar con coherencia, responsabilidad y eficiencia
los recursos disponibles, genera resultados económicos positivos y asegura
un equilibrio con el entorno social y ambiental en el que operamos.
Así fortalecemos nuestro compromiso con la sostenibilidad integral.
Our financial management is essential because it contributes to the company’s purpose of creating sustainable value over time for its shareholders and other stakeholders. Positive economic results are generated by directing coherently, managing responsibly and consciously optimizing the available resources, in harmony with the social and environmental environment in which we carry out our activities.
Our financial management creates value through processes that support continuity, take care of the business’ solvency and promote sustainable growth initiatives and strengthen the capital structure for the company’s expansion. These are some of the actions:
Securing resources to support growth and ensure optimal capital structure.
Financially structuring business cases to favor obtaining the rates of return desired by the company, with a margin on the cost of capital.
Continuously monitoring interest rates, exchange rates and other macroeconomic variables, risks, accounting/tax regulations, and other topics.
Managing partnerships to develop power generation projects that contribute to the stability of the energy portfolio.
Accounting, tax and treasury management to guarantee business continuity and constant process improvement..
Complying with activities governed by control entities and the transparent and timely communication of relevant information and the company’s periodic results.
▸We make progress in each line of business
As an asset manager, we want to maximize the return on our shareholders’ investment in Celsia. To this end, we are actively investing our own capital and attracting capital from qualified investors from around the world to develop each of our businesses. This allows us to multiply the possibilities for growth and profitability. In addition, seeing ourselves as managers allows us to align the different cycles of the businesses: some in development, others in scaling and others in harvest; and to maintain a constant review to determine opportunities for rotation, investment or scaling.
We saw the business as a typical vertically integrated energy business, with generation, transmission, distribution and commercialization assets. We have reconfigured ourselves, seeking new assets, technologies and business models. We have been able to install a capacity that has allowed us to have a thriving organization.
In this context, the 3 stages of our businesses are: to harvest, those that have stable and mature revenues. Those to scale, those that have profitable growth and those to develop, which allow us to create future growth scenarios.
Click here to see the progress of each stage of the business.
▸Sustainable loans and green bonds
We have three sustainable credits from Bancolombia, Banco de Bogotá and IFC (International Finance Corporation), the latter revolving, tied to compliance with environmental, social and corporate governance indicators, and associated with energy efficiency and sustainable infrastructure solutions. With close to COP 1 billion in sustainable financing, we have provided financing in this area through loans with Bancolombia and Banco de Bogotá, and green bonds with the International Finance Corporation (IFC) and Financiera de Desarrollo Nacional (FND).
EnergizarC
A program to show the market the fundamental value of the company that includes 5 initiatives that optimize the company’s operational and financial efficiency. These are:
-
1
Financial strengthening
Reduce consolidated debt to below COP 4 trillion in order to have greater flexibility to face risks and also generate annual savings of more than COP 100,000 million in financial expenses. This initiative would bring a potential value of COP 1,000 per share by increasing the equity value.
-
2
Cost and expense reduction
Optimize the customer service model, supported by technological solutions and simplifying operations. Seeks cost and expense savings of approximately COP 165 billion, which will be fully captured by 2026. This will create additional value of up to COP 730 per share.
-
3
Value appreciation
Materialize the value of some of the intra-corporate ventures such as Fiber Optic to the Home (Celsia Internet) and Energy Efficiency that have high potential and solid growth projections, are innovative, technology-based and incubated in the company since its inception. By incorporating new capital at the correct valuations of our ventures, we would expect to discover a value of COP 370 at the share price.
-
4
Capital attraction
Scale the investment platforms with the injection of resources from strategic partners. The objective is to add capital commitments from qualified investors for USD 300 million that will enable the development of new energy projects in different geographies for more than USD 1 billion.
-
5
Share repurchase program
Continue the share repurchase program, participating daily with the transactional mechanism, a valuable tool for improving liquidity and price formation in the market. To date, 26.5% of the approved amount has been repurchased, so there is still approximately COP 220 billion to be executed until March 2026.