Ecopetrol Sa · BVC:ECOPETROL
Ecopetrol Sa — Debt Investor Presentation (June 2023)
18 slides from Ecopetrol Sa's debt investor presentation, Jun 28, 2023
Slide 1: Ecopetrol Group Investor Presentation
ECOPETROL GROUP INVESTOR PRESENTATION Confidential | June 2023
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: Baa3 (Negative) | S&P: BB+ (Stable) | Fitch: BB+ (Stable) Currency USD Size Benchmark Tenor(s) Reopening of Notes due 2033 New Long 5-Yr Coupon Paymen
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 Low Emission Energy Transmission and Refining Solutions and Toll Roads +120 years(1) U.S., Gulf of Mexico, and Permian Basin of experience between the 2 companies Mexico & Central America Colombia +18k
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 Low Emission Transmission Hydrocarbons Solutions and Toll Roads #1 in Colombia upstream, 117% RRR(1) #1 #1 midstream, and self-generator with downstream last three-year energy transmission renewa
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 March 31st, 2023 (5) Consolidated indebtedness by entity Production (Mboed) 709.5 692.1 719.4 Brent Debt in Debt in Total Company (US$/BI) 99
Slide 7: Energy that transforms – Strategic Milestones
Energy that transforms – Strategic Milestones 1 2 Grow with the energy transition (ET) Generate value through TESG On average, expect to invest between Aim to take advantage of wind, US$5.2 and US$6.0 BN annually by 2040 solar, and geothermal energy technologies US$17.0 – US$20.0 BN in organic US$1.
Slide 8: Energy transition continued with 2023 investment plan
1 Energy transition continued with 2023 investment plan Production and reserves results Production Reserves Reserves Location Production Recovery Volume (Mboe) 2019 2020 2021 2022 2,002 2,011 1,893 Total Average Daily Crude Oil Production, prior to deducting royalties 1,770 Reserves Ecopetrol in Rep
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 (next 3 years) US$200 MM #1 producer in Colombia (55% share as of 2022) CO2 capture projects Green hydrogen through emerging tech projects in C/gena and and Natural Climate B/meja Refineri
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 their commitment to mitigate climate change and further the energ
Slide 12: Strong Corporate Governance underlying the energy transition
2 Strong Corporate Governance underlying the energy transition Ecopetrol relies on transparency, governance and control practices that ensure good Corporate Governance in order to generate trust among stakeholders and guarantee sustainability of the business SHAREHOLDERS STAKEHOLDERS General >5% sta
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$240 MM To be allocated towards projects from 2022 - 2024 Essential to leverage business development and catalyze progress in technologies for the energy +
Slide 14: Navigating a highly volatile environment
4 Navigating a highly volatile environment Key work fronts Commercial management Challenges Price Basket US$/Bl ▪ Rising interest rates and inflationary pressures within O&G sector Natural gas - export Crude oil - export Product -export ▪ Uncertainty around the impact of the war between Russia and U
Slide 15: Disciplined financial management leads to competitive returns
4 Disciplined financial management leads to competitive returns Fuel Price Stabilization Fund (FEPC) balance Capital Discipline (COP Tn) COP$21.6 Tn will be offset Portfolio transformation and changes in against dividends to be market conditions require us to adapt our 36.8 paid by Ecopetrol to the
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) 2022 1Q’22 1Q’23 1Q ∆% Net income attributable to the owners of Ecopetrol 31,605 6,573 5,660 (13.9%) (+) Depreciation, amortization and depletion 12,129 2,709 3,163 16.8% (+/-) Impairment of long-term assets 288 4 0 (100%) (+/-) Financial result, net 6,835 1,524 1,506
Slide 18: Thank you.
Tr . ” Peri, ‘Jee Thank you. | or PETRO GROUP