Promigas Sa Esp · BVC:PROMIGAS
Promigas Sa Esp — Q3 2023 Earnings Presentation
26 slides from Promigas Sa Esp's earnings presentation, 2023
Slide 1: Results 3Q 2023
S PROMIGAS RESULTS 3Q 2023 |e.
Slide 2: Disclaimer
DISCLAIMER Promigas S.A., E. S. P. (“Promigas”) is a Colombian securities issuer listed in These Separate Financial Statements were prepared in compliance with the legal the National Registry of Securities and Issuers. As such, it is required to provisions that apply to the Company as an independent
Slide 3: Results of our management in Q3 2023
RESULTS OF OUR MANAGEMENT IN Q3 2023 RELEVANT FIGURES FINANCIAL RESULTS: GUIDANCE 2023 VS. EXECUTION OPERATING RESULTS: GUIDANCE 2023 VS. EXECUTION EL NIÑO PHENOMENON STRATEGY TO INCREASE COMPETITIVENESS GROWTH FOR THE FUTURE ENERGY SOLUTIONS MOBILITY COMPETITIVENESS DESPITE UNCERTAINTY BUSINESS PRO
Slide 4: Relevant figures - Consolidated financial results summary
RELEVANT FIGURES We continue to exceed our expectations in terms of budget compliance. Additionally, we continue to focus on achieving operational efficiencies and cost reductions, in order to close the year with results above expected and continue Consolidated Financial Results - Summary generating
Slide 5: Relevant figures - Single financial results summary
RELEVANT FIGURES We continue to exceed our expectations in terms of budget compliance. Additionally, we continue to focus on achieving operational efficiencies and cost reductions, in order to close the year with results above expected and continue Single Financial Results - Summary generating value
Slide 6: Relevant figures - Results year-to-date September 2023
RELEVANT FIGURES CREDIT RATINGS Fitch Ratings: Ratification AAA (col) & F1+(col) and Results - Year-to-Date September 2023 BBB- (international) GROWTH FOR THE FUTURE DISCIPLINE AND OPERATIONAL EXCELLENCE In our core businesses Contracted capacity Transported volume “Con Punche Perú”: Increase in res
Slide 7: El Niño phenomenon – supporting the country's electrical generation
EL NIÑO PHENOMENON – WE HAVE BEEN SUPPORTING THE COUNTRY'S ELECTRICAL GENERATION We met the natural gas demand peaks that have occurred during the El Niño Phenomenon through our transportation infrastructure, strengthened by SPEC and the recently implemented early entry of bidirectionality, thus gua
Slide 8: Project Seguridad
PROYECT “ SEGURIDAD” Materialized Risks Safety Performance 3rd Quarter Mechanic 1.97 2.01 2.00 2.01 1.84 1.87 1.86 1.82 1.84 1.80 2.16 1.78 Environmental conditions and surfaces 1.30 1.31 1.31 1.31 1.35 1.26 1.16 1.18 Biological Ergonomic 0.89 Electric Work Apr Power at Jan Feb Mar May Jun Jul Aug S
Slide 9: Growth for the future – Energy solutions
GROWTH FOR THE FUTURE – ENERGY SOLUTIONS ECA 2023 We promote access to Contracted Real capacity Compliance 110% 80.9 MWp sustainable, 79.5 innovative, reliable capacity 79.5* O&M 42 accumulated 37.6 41.9 (Δ+ 7.4) (91% goal) (MWp) energy Includes commercial and MW MW Operating Under Construction and
Slide 10: Growth for the future – Mobility
GROWTH FOR THE FUTURE – MOBILITY In our areas of influence of 541 conversions of light vehicles to CNG in Northern Peru. Surtigas and Gd0, we have increase 27% in conversions compared to the previous 943 conversions in the Surtigas and GdO areas. quarter. 24 new units of vehicles dedicated to CNG du
Slide 11: Efficiencies and productivity in business
EFFICIENCIES AND PRODUCTIVITY IN BUSINESS EFFICIENCIES PROGRAM PRACTICES THAT GENERATE IMPLEMENTED EFFICIENCIES FOLLOW-UP 2023 Goal: $20,000 M $10,335 M $4,170 M Captured in September Operational Administrative $267 M $20,290 M Excellence Efficiencies Digital $5,193 M $315 M Transformation Exec. 101
Slide 12: Social footprint
SOCIAL FOOTPRINT We continue connecting and generating progress for communities and users of the services in our portfolio through four major dimensions: Natural Gas and Electric Power, Brilla Non-Bank Financing, Strategic Social Investment (Fundación Promigas), and Human Talent. NATURAL GAS AND INC
Slide 13: Social footprint
SOCIAL FOOTPRINT We continue connecting and generating progress for communities and users of the services in our portfolio through four major dimensions: Natural Gas and Electric Power, Brilla Non-Bank Financing, Strategic Social Investment (Fundación Promigas), and Human Talent. NATURAL GAS AND ELE
Slide 14: Social footprint
SOCIAL FOOTPRINT We continue connecting and generating progress for communities and users of the services in our portfolio through four major dimensions: Natural Gas and Electric Power, Brilla Non-Bank Financing, Strategic Social Investment (Fundación Promigas), and Human Talent. STRATEGIC SOCIAL IN
Slide 15: Energy poverty index
LAUNCH The index allows us to identify people who simultaneously lack access, quality and PERCENTAJE OF ENERGY POVERTY ownership of devices. 9.6 42.1 Living in a home Learn and Million Million communicate People energy People non-energy por that is functional, with the poor in 2022 in 2022 secure an
Slide 16: Decarbonization roadmap
DECARBONIZATION ROADMAP We are meeting the goals set out in our path towards decarbonization through a solid, structured and measurable plan to ratify our commitment to "Net Zero" by 2040 and to reducing emissions by 50% by 2028. AS OF SEPTEMBER 2023 12,000 11,317 Categories of initiatives in execut
Slide 17: Financial results breakdown - Consolidated Q3
Our results demonstrate the responsible execution of Costs FINANCIAL RESULTS BREAKDOWN and Expenses, as well as the capture of efficiencies. When isolating non-recurring impacts (construction margin and compensation received) our EBITDA reflects a growth of 7%. PROMIGAS PROFIT AND LOSS STATEMENT | C
Slide 18: Financial results breakdown - Consolidated accumulated
Our results demonstrate the responsible execution of Costs FINANCIAL RESULTS BREAKDOWN and Expenses, as well as the capture of efficiencies. When isolating non-recurring impacts (construction margin and compensation received) our EBITDA reflects a growth of 4%. PROMIGAS PROFIT AND LOSS STATEMENT | C
Slide 19: Financial results breakdown - Single Q3
FINANCIAL RESULTS BREAKDOWN PROMIGAS PROFIT AND LOSS STATEMENT | Single Q3 2023 – Q3 2022 1 REVENUES COSTS AND EXPENSES EBITDA 2 NET INCOME (112% Budget) (104% Budget) (101% Budget) (96% Budget) 9% 11% -6% -15% 13%* 23%* 0%** -8%** 381,621 357,868 353,067 298,563 273,461 295,241 266,370 261,050 251,
Slide 20: Financial results breakdown - Single accumulated
FINANCIAL RESULTS BREAKDOWN PROMIGAS PROFIT AND LOSS STATEMENT | Single ACCUMULATED 2023 – ACCUMULATED 2022 REVENUES 1 COSTS AND EXPENSES EBITDA 2 NET INCOME (100% Budget) (98% Budget) (107% Budget) (107% Budget) -7% 10% -12% -21% 2%* 29%** -5%*** -16%* 1,055,581 1,199,747 982,539 954,789 772,075 82
Slide 21: Financial results breakdown - Balance sheet single
FINANCIAL RESULTS BREAKDOWN PROMIGAS BALANCE SHEET | Single SEPTEMBER 2023 vs. DECEMBER 2022 Assets $11.0 Bn -1.3% (YTD) Liabilities $5.4 Bn 1,5% (YTD) Equity $5.6 Bn 1.3% (YTD) Budget: $11.3 Bn Budget: $5.6 Bn Budget: $5.7 Bn (Execution 98%) (Execution 97%) (Execution 98%) 9% 1% 18% Other LT assets
Slide 22: Promigas
S- PROMIGAS x 4 a ~" Le , a ae » 2 & F/ ~~ «4 {| ee re SF] OF WD) orromigasoticias in CB | rromigas
Slide 23: Promigas
S- PROMIGAS et! OF WD) orromigasoticias in CB | rromigas
Slide 24: Financial results breakdown - Balance sheet consolidated
FINANCIAL RESULTS BREAKDOWN PROMIGAS BALANCE SHEET | Consolidated SEPTEMBER 2023 vs. DECEMBER 2022 Assets $17.4Bn -6% (YTD) Liabilities $11.5 Bn -9% (YTD) Equity $6 Bn -1% (YTD) Budget: $19.2 Bn Budget: $13.1 Bn Budget: $6.1 Bn (Execution 91%) (Execution 88%) (Execution 98%) 18% 19% 18% Other LT ass
Slide 25: Financial results breakdown - Consolidated debt
CONSOLIDATED Average cost of debt: FINANCIAL RESULTS BREAKDOWN DEBT $8.13 Bn Sep 2022: 8.88% PROMIGAS: 11% vs Sep-22 Sep 2023: 12.07% Debt by product Debt by currency Debt by company 2022 2023 4% PROMIGAS 48.90% 50.61% Q3-2023 Q3-2023 QUAVII 23.64% 20.35% 48% Q3-2022 Q3-2022 GDO 7.13% 8.25% 3% SURTI
Slide 26: Investor Relations Office
Investor Relations Office inverstors@promigas.com Calle 66 # 67-123 Barranquilla, Colombia