Corferias

First quarter results 2015

I. Significant events

II. First quarter-Exhibitions

III. Financial situation

IV. Fairs and events to run in the second quarter

V. Questions

Table of contents

I. Significant events

II. First quarter-Exhibitions

III. Financial situation

IV. Fairs and events to run in the second quarter

V. Questions

Finances

• The Interim Consolidated Financial Statements have been prepared under the guidelines of International Financial Reporting Standards, which are fully applicable to Corferias from January 1, 2015 for belonging to group 1.

• Financial leverage through local banks.

Sign

ific

ant

even

ts

Corferias Hotel

5

InfrastructureSi

gnif

ican

tEv

ents

Green Parking

Puerta de Oro - Barranquilla

6

Third party infrastructure operation

International CenterConventions Ágora Bogotá

Sign

ific

ant

Even

ts

I. Significant events

II. First quarter-Exhibitions

III. Financial situation

IV. Fairs and events to run in the second quarter

V. Questions

• 15 events were held during the first quarter generating revenues of more than 2.779 million.

• At these events sectors such as telecommunications, banking, technology and entertainment involved.

First quarter-Exhibitions

Fairs Lease

Month EventsJanuary 3

February 4March 8

Colombian business platform specializing

in footwear, leather manufactures, supplies

and technology, which integrates the latest

trends in design and fashion through the

main collections that exposes the

Colombian industry and invited countries.

Presented a total of 36,122 attendees in

two days and business environment. The

event attracted 1,046 exhibitors and co-

exhibitors, obtained the participation of 32

departments which presented the best of

their destinations.

Organizers: ACICAM

Organizers: ANATO

I. Significant events

II. First quarter-Exhibitions

III. Financial situation

IV. Fairs and events to run in the second quarter

V. Questions

0

2

0

2 2

3

4

7

2

6

5

1

3

4

8

3

5

8

3

5

6

5

6

19

0

5

10

15

20

25

0

2

4

6

8

10

12

14

16

18

20

January February March April May June July August September October November December

Fairs Events TOTAL

Dynamic BusinessFi

nan

cial

Situ

atio

n

Execution 2014 Budget 2015 Execution 2015

Income from ordinary activities 4,856,283,993.12 5,950,024,359 6,955,737,801

Cost of sales - 42,852,500 76,214,215

Gross profit 4,856,283,993.12 5,907,171,859 6,879,523,585

Other income 352,308,364.27 18,630,000 380,534,725

Administrative expenses 6,894,120,050.02 9,040,023,384 6,983,560,594

Selling expenses 2,018,693,757.00 727,800,695 1,772,542,177

Other expenses 28,629,468.19 364,980,510 110,271,544

Gains (losses) from operating activities -3,732,850,917.82 - 4,207,002,729 -1,606,316,005

Financial income 109,352,491.41 124,000,002 223,207,254

Finance costs 145,505,319.26 100,175,004 65,428,980

Profit (loss) before taxes -3,769,003,745.67 - 4,183,177,731 -1,448,537,730

Income (expense) tax - 50,339,000.00 -7,718,706

Gain (loss) -3,819,342,745.67 - 4,183,177,731 -1,456,256,436

Consolidated Statement of Comprehensive Income-First Quarter

𝐺𝑟𝑜𝑠𝑠 𝑝𝑟𝑜𝑓𝑖𝑡

𝑁𝑒𝑡 𝑠𝑎𝑙𝑒𝑠= 99%

Gross margin

Operating Income

Net Margin

𝑁𝑒𝑡 𝑖𝑛𝑐𝑜𝑚𝑒

𝑁𝑒𝑡 𝑠𝑎𝑙𝑒𝑠= −21%

𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑛𝑔 𝑖𝑛𝑐𝑜𝑚𝑒

𝑁𝑒𝑡 𝑠𝑎𝑙𝑒𝑠= −23%

Fin

anci

alSi

tuat

ion

Consolidated Statement of Financial PositionFi

nan

cial

Situ

atio

n

532,878,262,609

104,892,512,988

427,985,749,620

ASSETS LIABILITIES EQUITY

6%

14%0%

79%

1%Current assets

Investment

Intangible

Property, plant andequipment

Deferred charges

50%

5%10%

35%

Current liabilities

FinancialObligations

Provisions andcontingencies

Deferred liabilities

𝐹𝑖𝑛𝑎𝑛𝑐𝑖𝑎𝑙 𝑜𝑏𝑙𝑖𝑔𝑎𝑡𝑖𝑜𝑛𝑠

𝐸𝑞𝑢𝑖𝑡𝑦= 2.1%

Short term$ 3,600,000,000

Long term $ 5,200,000,000

𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑠𝑒𝑡𝑠

𝑇𝑜𝑡𝑎𝑙 𝑙𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠= 20%

Debt to equity ratio

Debt to equity

Autonomy ratio

𝐸𝑞𝑢𝑖𝑡𝑦

𝑇𝑜𝑡𝑎𝑙 𝑎𝑠𝑠𝑒𝑡𝑠= 80%

Debt RatiosFi

nan

cial

Situ

atio

n

I. Significant events

II. First quarter-Exhibitions

III. Financial situation

IV. Fairs and events to run in the second quarter

V. Questions

Trade shows run in the second quarter

FADJA FILBOExpoconstruccióny Expodiseño

Jóvenes empresarios

Andigráfica Expopartes

Automatisa

Events run in the second quarter

• 16 events will be held:

• Consulta Interna de Partidos• Fiesta Gtech• Lanzamiento Trade Marlboro• Expomarketing• Conferencia Internacional CCB• Lideres Ecopetrol• Encuentro docentes• Carrera Allianz• Reunión IDIGER• Elecciones CANAPRO• Lanzamiento Yves Roche• Evento Acueducto Día Madre y Padre• Futbolxpo• Convención Amway• Convocatoria supernumerario• Xango Colombia

I. Significant events

II. First quarter-Exhibitions

III. Financial situation

IV. Fairs and events to run in the second quarter

V. Questions

Contacts

MARIO CAJIAO

Vice President of Planning and Corporate Affairs

MCajiao@corferias.com

Corferias Secretary General - Liliana Oyuela Taborda

Carrera 37 No. 24-67 Bogotá - 3810000 exts. 5044 – 5041