Ecopetrol Sa · BVC:ECOPETROL
Ecopetrol Sa — J.P. Morgan 2023 Global Emerging Markets Corporate Conference
11 slides from Ecopetrol Sa's conference presentation, March 2023
Slide 1: Corporate Presentation
Corporate Presentation March 2023
Slide 2: Legal Disclosure
Legal Disclosure This document was prepared by Ecopetrol S.A. (the “Company” or “Ecopetrol”) with the purpose of providing the market and interested parties certain financial and other information of the Company. This document may include strategy discussions and forward-looking statements regarding
Slide 3: Record results, beyond the financials
Record results, beyond the financials 45 55 72 64 43 71 99 159.5 18.8% COP T 13.1% 14.3% 13.6% 8.6% 2.7% 3.7% 91.7 70.8 75.2 67.8 55.2 47.7 50.0 42.0 30.8 31.1 33.4 23.1 18.0 13.3 16.8 16.7 11.6 6.6 38% 1.6 42% 45% 44% 34% 1.7 46% 47% 2016 2017 2018 2019 2020 2021 2022 Brent (USD/Bl) Revenues EBITDA
Slide 4: Ecopetrol is today a diversified energy group
Ecopetrol is today a diversified energy group Leader in LATAM First green H2 pilot IPCC* completion 2040 strategy 3 SOLID BUSINESS LINES “Energy that transforms” 2022 LOW-EMISSION TRANSMISSION AND HYDROCARBONS SOLUTIONS TOLL ROADS ISA acquisition Singapore trading Self-generator with Energy transmit
Slide 5: Ecopetrol's growing contribution to national development
Ecopetrol’s growing contribution to national development 8% 11% 15% 15% 13% 9% 18% COP 25.4 trillion average per year COP T 42.4 transfers to the Nation for the last 5 years 26.3 22.0 19.4 19.5 112% increase 15.4 16.8 5-year average vs 2007 10.0 Transfers to the Nation in 2022 were the highest in hi
Slide 6: Decisive action in the fight against climate change
Decisive action in the fight against climate change Carbon-neutral subsidiaries Reduced Emissions 910,113 tons of CO2e between 2020 and 2022 2022 416,672 Decarbonization initiatives NCS* portfolio Energy efficiency: optimization of 44.7 MW 2021 293,594 Cumulative in electric power (2018 - 2022). cap
Slide 7: Focus on efficiencies continues mitigating inflationary impacts
Costs Focus on efficiencies continues mitigating inflationary impacts Efficiencies 2022 Efficiencies 2015-2022 ✓ Mitigate inflationary effects 4% 3.6 1.0 21% ✓ Focus on improving 1.1 operational and technical COP T 3.0 3.6 3.6 performance of investment 6% 53% 2.7 TCOP TCOP projects 3.4 22.5 15% 2.8
Slide 8: Financial strength of the business model
Financial strength of the business model Ecopetrol Group Indicators 2022 Demonstrated Competitiveness 60.5 EBITDA/B (USD/B) 62.2 Profitability 47.2% 18.8% Net Income/B (USD/B) 29.7 25.7 EBITDA1 Margin ROACE2 47.2 EBITDA Margin (%) 38.5 18.8 ROACE (%) 15.8 1.3x Efficiencies 1.5x Operational Expenses/
Slide 9: Steadfast management of capital structure
Steadfast management of capital structure FEPC Balance (COP T) Cash Position (COP T) 36.2 21.9 36.8 18.3 5.1 26.3 13.4 17.5 4.8 18.1 7.8 Balance Operating Capex Debt Service Dividends Exchange Balance Balance Accumulation Payments Balance 2021 Cash Flow Paid Effect & 2022 2021 2022 Other Free Cash F
Slide 10: In Summary…
In Summary… • Commitment to just and responsible energy transition • Robust and highly qualified team • 2023 Investment Plan underway 10
Slide 11: Q&A
Ecopetrol — J.P. Morgan 2023 Global Emerging Markets Corporate Conference on 6ix