FY22 Financial Overview

Colombian Economy Strong underlying momentum . Growth prospects have solidified as the re-opening has progressed Colombia continues to build on its 17 free-trade agreements with 65 countries that account for 41.7% of global GDP Services and consumption, reflecting an expanding middle class, account for rising shares of Colombian GDP compared with traditional strengths in extractive industries GDP 2022F: 7.6% GDP 2023F: 2.0% GDP 2024F: 3.0% 13.6% Finance, Insurance, & Real Estate 9.2% Other 5.9% Natural Resources 3.7% Arts & Entertainment 18.0% Wholesale, Retail Trade, Accommodation & Food Services 12.3% Manufacturing 3.1% Information & Communication COLOMBIAN GDP BY INDUSTRY (Q1-2022) 7.0% Professional, Scientific, & Technical Services 15.7% 6.7% Mining and Oil & Gas Extraction 4.7% Construction Public Administration Sources: Scotiabank Economics, Bloomberg, as of Nov 4, 2022. Contributions to Colombian GDP Growth 10 2505 y/y % change 15 0 -5 -10 -15 -20 -25 18 Other* Investment Consumption Net Exports Government Real GDP 19 20 21 *Statistical discrepancy, subject to revision. Sources: Scotiabank Economics, Haver Analytics. 22 22 Top Trading Partners* United Others States 31% 26% Brazil 5% China Mexico 5% 19% EU 14% * Trade data updated as of Q2-2022. 20 67

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