Ecopetrol Sa · BVC:ECOPETROL
Ecopetrol Sa — Debt Investor Presentation (October 2024)
18 slides from Ecopetrol Sa's debt investor presentation, October 2024
Slide 1: Ecopetrol Group Investor Presentation
ECOPETROL GROUP INVESTOR PRESENTATION Confidential | October 2024
Slide 2: Legal Disclaimer
This presentation was prepared by Ecopetrol S.A. (the “Company” or “Ecopetrol”) with the purpose of providing interested parties certain financial and other information of the Company. This presentation is for discussion purposes and highlights basic information about Ecopetrol and this offering. Be
Slide 3: Summary Terms of the Offering
Summary Terms of the Offering Issuer Ecopetrol S.A. Format SEC Registered Ranking Senior Unsecured and Unsubordinated Notes Expected Ratings Moody’s: Ba1 (Stable) | S&P: BB+ (Negative) | Fitch: BB+ (Stable) Currency USD Size Benchmark Tenor Long 7-year (2032) Coupon Payment Semi-Annual Amortization
Slide 4: Ecopetrol is a leading integrated energy and infrastructure group in Latam
Ecopetrol is a leading integrated energy and infrastructure group in Latam Exploration, Production Energies for the Energy Transmission and Refining Transition and Toll Roads +121 years(1) U.S., Gulf of Mexico, and Permian Basin of experience between the 2 companies Central America Colombia +19k com
Slide 5: Ecopetrol is a leading integrated energy and infrastructure group in Latam (cont'd.)
Ecopetrol is a leading integrated energy and infrastructure group in Latam (cont’d.) 3 BUSINESS SEGMENTS Energies for the Energy Transmission Hydrocarbons Transition and Toll Roads #1 in Colombia upstream, midstream, and 117% RRR(2) #1 #1 downstream last three-year self-generator with energy transmi
Slide 6: Track record of strong and resilient financial performance
Track record of strong and resilient financial performance Evolution of Financial Performance Ecopetrol Group KPIs (US$ in BN) Consolidated debt profile as of June, 2024 (4) Consolidated indebtedness by entity Production (mboed) 737 724 750 Debt in Debt in Total Company Brent US$ K COP MM US$ K (US$
Slide 7: The 2040 Strategy remains, with an emphasis on a Just Energy Transition
The 2040 Strategy remains, with an emphasis on a Just Energy Transition 1 2 Grow with Energy Transition (ET) Generating Value through TESG Maintain aspirational strategy of ~0.6 TCOP per annum of social production levels of ~700-750 (mboed) to investment that transforms the 2040 territories where we
Slide 8: Energy transition continued with 2024 investment plan
1 Energy transition continued with 2024 investment plan Production and reserves results Production Reserves Reserves Location Production Recovery Volume (mmboe) 2020 2021 2022 2023 2,002 2,011 Total Average Daily Crude Oil Production, prior to deducting royalties 1,883 Reserves 1,770 Ecopetrol in Re
Slide 9: Low-emission businesses highlights and capex plans
1 Low-emission businesses highlights and capex plans CAPEX IN HYDROGEN AND CO2 INITIATIVES NATURAL GAS STRATEGY (2023 - 2025) US$200 MM #1 producer in Colombia (as of 2023) Green hydrogen CO2 capture projects projects in Cartagena through emerging tech and Barrancabermeja and Natural Climate 2,346 b
Slide 10: New avenues for growth in the energy value chain
1 New avenues for growth in the energy value chain Ecopetrol’s strategic investment in ISA + Acquisition of 51.4% of ISA August 20th, 2021 Electric Power Transmission Transaction size: Operations in 6 ~US$3.67 BN(1) countries in South and Central America Transformational step in the development of t
Slide 11: Solid commitment and progress on the TESG front
2 Solid commitment and progress on the TESG front Technology, Environmental, Social and Governance DECARBONIZATION On March 25, 2021, Ecopetrol announced its plan to achieve net-zero Greenhouse Gas (GHG) emissions by 2050 in line with its commitment to help mitigate climate change and further the en
Slide 12: Corporate Governance Framework
2 Corporate Governance Framework CORPORATE GOVERNANCE SYSTEM BOARD OF DIRECTORS OUR PRACTICES Elements Strategy 6 independent members Promote all stakeholders transparency, Boards of Directors: Promote best management objectivity and competitiveness 3 non-independent members Ecopetrol and
Slide 13: Investment in technology and human talent for a new reality
3 Investment in technology and human talent for a new reality Science, technology, and innovation (CT+i) strategy Reinventing our human talent + US$240 MM Allocated towards projects between 2022 - 2024 Essential to leverage business development and catalyze progress in technologies for the energy +
Slide 14: Navigating a highly volatile environment
4 Navigating a highly volatile environment Key Action Fronts Commercial Management Challenges Price Basket US$/Bl High-interest rate environment and inflationary pressures within energy sector Continued uncertainty surrounding the 76.2 conflict between Russia and Ukraine, and in 68.9 the Middle
Slide 15: Disciplined financial management leads to competitive returns
4 Disciplined financial management leads to competitive returns Fuel Price Stabilization Fund (FEPC) balance (COP TN) FEPC settlement has strengthened our financial and liquidity position as it provides us Capital Discipline with more flexibility to pursue our investment plan 36.8 Portfolio transfor
Slide 16: Appendix
Appendix This is the file reference containing the file name/ path or docs number Confidential © Credit Suisse Group AG and/ or its affiliates. All rights reserved.
Slide 17: EBITDA Reconciliation
EBITDA Reconciliation (COP BN) 2023 6M ‘23 6M ’24 6M ∆% Net income attributable to the owners of Ecopetrol 19,062 11,931 6,642 -44% (+) Depreciation, amortization and depletion 13,812 6,524 7,287 12% (+/-) Impairment of long-term assets 2,098 7 8 14% (+/-) Financial result, net 5,665 3,550 4,092 15%
Slide 18: Thank you.
GROUP Thank you. octrror GROUP
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