Grupo EPM had a profit of $ 3.7 trillion in 2020, with a growth of 19% compared to 2019

This Grupo EPM release was published using machine translation.

Medellín, March 23, 2021 | In its commitment to the development of the city and the quality of life of millions of people, EPM will transfer $ 1.4 billion to the Municipality of Medellín for surpluses, thanks to the financial results achieved in 2020.

Mónica Ruiz Arbeláez, General Manager (e) of EPM, indicated that “in one of the most challenging years for humanity due to the COVID-19 pandemic, its restrictions, the uncertainty it caused and the new reality we are facing , Grupo EPM had revenues of $ 19.8 trillion, which represents a growth of 8% compared to the previous year and an Ebitda of $ 5.8 trillion, which means a margin of 29%, slightly below the level of 2019 , caused by the increase in operational costs related to the activities carried out to mitigate the pandemic ”.

The total impact of the coronavirus pandemic (COVID-19) in Grupo EPM, in fiscal year 2020, was $ 750 billion; however, the Group's net income is COP 3.7 trillion, 19% above the previous year as a result of the behavior of the Group's investments.

"These positive results allow us to continue being the engine of progress in the territories in which we are present, generating employment thanks to the development of infrastructure projects and social investment programs, which translate into well-being for the people," added the General Manager (e) from EPM.

In 2020, EPM Parent Company obtained revenues of $ 9.9 billion, with a growth of 12% compared to 2019, while its net profit was established at $ 2.5 billion, which translates into transfers of $ 1.4 billion to the Municipality of Medellin.

These transfers will be paid during 2021 and are resources that contribute to the development of the Municipality's investment plans in social, educational, cultural and sports material and other infrastructure projects in the capital of Antioquia.

COVID effect

During the pandemic and the strictest days of confinement, EPM implemented the special measures decreed by the National Government and added its own initiatives within the legal framework that governs it to accompany citizens in one of the most complex times.

Among these actions, the following stand out:

• Reconnections of water, energy and gas services at no cost for disconnected users.

• Financing at no cost for clients in water and energy services.

• Freezing of financing fees for all services provided and significant discounts for timely payment of public services.

The previous measures allowed citizens to have public services regardless of their ability to pay. Additionally, the fulfillment of payment commitments with suppliers and contractors within the agreed deadlines is highlighted, thus boosting the economy and promoting the preservation of employment.

For the community, we are there

In 2020, Grupo EPM was an important driver of the economy, thus contributing to the development of the territories in which it is present. In addition to the 1.5 trillion transferred to the Municipality of Medellín, it is highlighted that the providers of goods and services received $ 1.5 trillion and $ 221 billion were allocated to the communities and care of the environment, in that higher purpose of contributing to harmony of life for a better world.

Financial situation of Grupo EPM

Total assets: $ 63.8 billion, with a growth of 16%.

Liabilities: $ 36.7 billion, with a growth of 19%.

Equity: $ 27.1 billion, with an increase of 12%.

Investments in infrastructure: $ 3.1 billion.

Financial situation of EPM Parent Company

Total assets: $ 53.4 billion, with a growth of 13%.

Liabilities: $ 27 billion, with an 18% growth.

Equity: $ 26.4 billion, with an increase of 8%.

Investments in infrastructure: $ 2.1 billion.

Financial indicators of the EPM Group and EPM Parent Company

Financial indebtedness: for Grupo and EPM Parent Company it was 41%.

Debt / Ebitda Indicator: in the EPM Group this indicator closed as of December 31, 2020 at 4.37, compared to 3.49 in 2019. In EPM Parent Company it was 5.89, compared to 4.52 in 2019.

Discounting the available cash reserve, the Net Debt / Ebitda indicator was 3.33 for the EPM Group and 5.09 for the EPM Parent Company.

As external auditor, the firm KPMG presented an opinion without
 exception to the separate and consolidated financial information of EPM.

Related multimedia content:

Audio and video. Statements Mónica Ruiz Arbeláez, General Manager (e) of EPM

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Photographs. Mónica Ruiz Arbeláez, General Manager (e) of EPM

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Photographs. EPM building

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Videos. Support images

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