Promigas Sa Esp · BVC:PROMIGAS
Promigas Sa Esp — Q4 2023 Earnings Presentation
23 slides from Promigas Sa Esp's earnings presentation, 2024
Slide 1: Results 4Q 2023
S PROMIGAS RESULTS 4Q 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: Relevant Figures - Financial Results Summary
RELEVANT FIGURES Financial Results - Summary SINGLE CONSOLIDATED Year to Date December 2023 Year to Date December 2023 REVENUES1 Real REVENUES1 Budget $1.16 Bn $1.13 Bn GAS TRANSMISSION, 29% Budget Real LNG AND SERVICES $6.66 Bn $6.61 Bn 71% Execution: 96% GAS DISTRIBUTION, E.P., NBF AND E.S. Execut
Slide 4: Management focused on progress of strategic objectives
Our management was focused on the progress and fulfillment of our strategic objectives. We are focused on maintaining the leadership position in core businesses and expand presence in the businesses and markets that we have identified as key. STRENGTHEN LEAD the DIVERSIFY our POTENTIALIZE DEVELOP GE
Slide 5: Strengthen leadership in gas transportation and distribution infrastructure
STRENGTHEN our leadership position in gas transportation and distribution infrastructure to safely and reliably serve the gas needs of ∼14 million people in Colombia. Gases de La Guajira CREDIT RATINGS Gases del Caribe RELEVANT FIGURES Local: Fitch AAA e internacional: Fitch BBB- y Moody’s Baa3 Surt
Slide 6: Strengthen leadership in gas regasification in Colombia
STRENGTHEN our leadership position in gas regasification in Colombia to continue being the country's energy insurance and face the El Niño phenomenon. In 2023, record operating figures were reached to meet EL NIÑO PHENOMENON greater requirements for thermal generation during El Niño phenomenon: 29 m
Slide 7: Lead expansion of infrastructure and massification of natural gas in Peru
LEAD the expansion of infrastructure and the massification of natural gas in Peru. EXCELLENCE AND OPERATIONAL DISCIPLINE RELEVANT FIGURES Accumulated results as of December 2023 Net profit: execution of 114% at the level of Promigas' participation method. Quavii GASES DEL NORTE Connected Gas Network
Slide 8: Diversify our portfolio in low-emission businesses: energy solutions
DIVERSIFY our portfolio in low-emission businesses. ENERGY SOLUTIONS We lay the foundations for the expansion of our portfolio by working We managed to expand the Power on the foundations of the Figures consolidation of our business lines. 80.2 MW portfolio by 65% of capacity. Revenues Energy Genera
Slide 9: Diversify portfolio: electrical power distribution and sustainable mobility
DIVERSIFY our portfolio in low-emission businesses. ELECTRICAL POWER SUSTAINABLE MOBILITY DISTRIBUTION Colombia and Peru Connected customers 134 new dedicated vehicles 32% more than 2022 451,399 BUDGET 450,274 93% Exec. 100% Coverage 105 Mm3 accumulated volume $21,613 M EBITDA Energy demand Energy s
Slide 10: Potentialize relationship with customer: Brilla non-bank financing
POTENTIALIZE the relationship with the customer, offering comprehensive solutions that maximize our value proposition. NON-BANK We reaffirm the commitment to excellence in FINANCING: BRILLA the provision of our services Accounts receivable Placements EBITDA Brilla $2.11 Bn $1.21 Bn $301,947 M Expans
Slide 11: Efficiency program
POTENTIALIZE the relationship with the customer, offering comprehensive solutions that maximize our value proposition. EFFICIENCY PROGRAM PRACTICES THAT GENERATE IMPLEMENTED EFFICIENCIES 2023 FOLLOW-UP ON EFFICIENCIES Exec. 160% $15,522 M $6,363 M Operational Administrative $32,002 M Excellence Effi
Slide 12: Develop innovative energy businesses: innovation
DEVELOP innovative energy businesses to leverage the generation of value for our customers and continue advancing in the energy transition. INNOVATION $ 155,994 $ 499,074 $ 356,231 190.5 FTEq* million million million Dedicated Spending and Innovation Revenues to I+D+i Investment in I+D+i Financial (
Slide 13: Generate a positive social footprint: natural gas and electric power
GENERATE a positive social footprint contributing to the reduction of energy poverty in the societies where we operate to remain sustainable over time. NATURAL GAS AND ELECTRIC POWER INCLUSIVE BUSINESSES: BRILLA It drives social change and a progressive and equitable energy transition. Shared value:
Slide 14: Strategic social investment and human resources
GENERATE a positive social footprint contributing to the reduction of energy poverty in the societies where we operate to remain sustainable over time. STRATEGIC SOCIAL INVESTMENT HUMAN RESOURCES AND Generation of well-being and increased trust from our communities SUPPLIER CHAIN Collaborators that
Slide 15: Positive environmental footprint: decarbonization roadmap
GENERATE a positive environmental footprint contributing to the development of the societies where we operate and remaining sustainable over time. DECARBONIZATION ROADMAP INTEGRATION OF RENEWABLE ENERGIES AND LOW ENVIRONMENTAL FOOTPRINT SOLUTIONS IN THE OPERATION AS OF DECEMBER 2023 93 designs 71 30
Slide 16: Financial results breakdown: Promigas single profit and loss
FINANCIAL RESULTS BREAKDOWN PROMIGAS SINGLE PROFIT AND LOSS STATEMENT YEAR-TO-DATE 2023 – YEAR-TO-DATE 2022 REVENUES 1 COSTS AND EXPENSES EBITDA 2 NET INCOME (96% Budget) (99% Budget) (103% Budget) (101% Budget) 0.4% 5% 0.3% -9% 6%* 25%* 3%* -7%* 1,440,401 1,435,528 1,395,264 1,116,722 1,159,539 1,1
Slide 17: Financial results breakdown: Promigas balance sheet single
FINANCIAL RESULTS BREAKDOWN PROMIGAS BALANCE SHEET | Single DECEMBER 2023 vs. DECEMBER 2022 Assets $11,1 Bn -1.2% (YTD) Liabilities $5.3 Bn 4.3% (YTD) Equity $5.8 Bn 1.3% (YTD) Budget: $11.4 Bn Budget: $5.3 Bn Budget: $6 Bn (Execution 97%) (Execution 98%) (Execution 96%) 6% 1% 15% Other LT assets 48
Slide 18: Financial results breakdown: consolidated profit and loss
FINANCIAL RESULTS BREAKDOWN PROMIGAS PROFIT AND LOSS STATEMENT | Consolidated YEAR-TO-DATE 2023 – YEAR-TO-DATE 2022 REVENUES 1 COSTS AND EXPENSES EBITDA 2 NET INCOME (99% Budget) (94% Budget) (104% Budget) (100% Budget) 10% 11% 9% 1% 14%* 13%* 16%* 11%* 6,657,939 6,608,732 6,011,331 4,846,157 4,546,
Slide 19: Promigas
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Slide 20: Promigas
S- PROMIGAS et! OF WD) orromigasoticias in CB | rromigas
Slide 21: Financial results breakdown: consolidated balance sheet
FINANCIAL RESULTS BREAKDOWN PROMIGAS BALANCE SHEET | Consolidated DECEMBER 2023 vs. DECEMBER 2022 Assets $18 Bn -3% (YTD) Liabilities $11.9 Nn -6% (YTD) Equity $6.1 Bn -3% (YTD) Budget: $19 Bn Budget: $12.7 Bn Budget: $6.4 Bn (Execution 95%) (Execution 94%) (Execution 98%) 18% 17% 21% Other LT asset
Slide 22: Financial results breakdown: consolidated debt
DEBT Average cost of debt: FINANCIAL RESULTS BREAKDOWN CONSOLIDATED $8.10 Bn Dec 2022: 11.60% PROMIGAS: -11% vs Dec-22 Dec 2023: 11.73% Debt by product Debt by currency Debt by company 2022 2023 Q4-2023 4% Q4-2023 PROMIGAS 50.01% 50.03% 49% QUAVII 20.68% 20.14% Q4-2022 3% Q4-2022 GdO 7.09% 8.27% SUR
Slide 23: Investor Relations Office
Investor Relations Office inverstors@promigas.com Calle 66 # 67-123 Barranquilla, Colombia