Ecopetrol Sa · BVC:ECOPETROL
Ecopetrol Sa — Debt Investor Presentation (January 2024)
18 slides from Ecopetrol Sa's debt investor presentation, January 2024
Slide 1: Ecopetrol Group Investor Presentation
ECOPETROL GROUP INVESTOR PRESENTATION Confidential | January 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: Baa3 (Negative) | S&P: BB+ (Stable) | Fitch: BB+ (Stable) Currency USD Size Benchmark Tenor New 12-Year (2036) 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 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, midstream, and 117% RRR(1) #1 #1 downstream last three-year self-generator with energy transmission operat
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 September 30th, 2023 (3) Consolidated indebtedness by entity Production (2) (mboed) 709.5 (1) 705.9 (2) 729.5 Brent Debt in Debt in Total Com
Slide 7: Energy that transforms – Strategic Milestones and Objectives
Energy that transforms – Strategic Milestones and Objectives 1 2 Continued Growth with Energy Transition (ET) Generating Value through TESG On average, expect to invest between Aim to take advantage of wind, US$5.2 BN and US$6.0 BN annually by solar, and geothermal energy 2040 technologies US$17.0 B
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) 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 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 (55% share as of 2022) Green hydrogen CO2 capture projects projects in Cartagena through emerging tech and Barrancabermeja and Natural Clima
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: Strong Corporate Governance underlying the energy transition
2 Strong Corporate Governance underlying the energy transition Ecopetrol relies on transparency, governance and control practices that promote good Corporate Governance in order to generate trust among stakeholders and guarantee sustainability of the business SHAREHOLDERS STAKEHOLDERS General >5% st
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$240 MM To be allocated towards projects between 2022 - 2024 Essential to leverage business development and catalyze progress in technologies for the energ
Slide 14: Navigating a highly volatile environment
4 Navigating a highly volatile environment Key Action Fronts Commercial Management Challenges Price Basket US$/Bl ▪ High interest rate environment and inflationary pressures within energy sector 120 ▪ Continued uncertainty surrounding the 95.5 90 conflict between Russia and Ukraine, and in 100 the M
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 for 202436.8 and going
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 9M ‘22 9M ’23 9M ∆% Net income attributable to the owners of Ecopetrol 31,605 24,771 17,638 -28.8% (+) Depreciation, amortization and depletion 12,129 8,757 10,063 14.9% (+/-) Impairment of long-term assets 288 6 11 83.3% (+/-) Financial result, net 6,835 5,366 4,
Slide 18: Thank you.
ecorst ROL Thank you. ocopertar GROUP
Ecopetrol — Debt Investor Presentation (January 2024) on 6ix