Ecopetrol Sa · BVC:ECOPETROL
Ecopetrol Sa — Debt Investor Presentation (January 2023)
20 slides from Ecopetrol Sa's debt investor presentation, January 2023
Slide 1: Ecopetrol Group Investor Presentation
Confidential ECOPETROL GROUP INVESTOR PRESENTATION Confidential | January 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: Ecopetrol Senior Management
Confidential Ecopetrol Senior Management FELIPE BAYÓN YEIMY BÁEZ ALBERTO CONSUEGRA JAIME CABALLERO URIBE Chief Executive Officer VP. Low Emission Solutions Chief Operating Officer Chief Financial Officer ▪ CEO of Ecopetrol since 2017 ▪ VP of Low Emission Solutions since ▪ COO of Ecopetrol since Marc
Slide 4: Summary Terms of the Offering
Confidential 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) [10 yr.] Coupon Payment Semi-Annual Amorti
Slide 5: Ecopetrol is a leader and diversified energy group in Latam
Confidential Ecopetrol is a leader and diversified energy group in Latam Energy Transmission, Exploration, Production Low Emission Roads and Telecom and Refining Solutions Infrastructure +120 years(1) Permian & Gulf of Mexico of experience between the 2 companies Mexico & Central America Colombia +1
Slide 6: Ecopetrol Group: leading integrated energy and infrastructure company in the region
Confidential Ecopetrol Group: leading integrated energy and infrastructure company in the region 3 BUSINESS SEGMENTS Low Emission Transmission, Toll Hydrocarbons Solutions Roads and Telecom #1 139% RRR(1) #1 #1 in Colombia self-generator with last three-years energy transmission renewables in averag
Slide 7: Record profitability in 3Q'22, exceeding 2021 full year results
Confidential Record profitability in 3Q’22, exceeding 2021 full year results Evolution of financial performance (US$ in BN, unless otherwise stated) Production 725 697 679 684 720 (Mboed) Brent 64 43 71 68(1) 103(1) (US$/BI) 35.0 21% 19% 18% 17% 30.0 29.5 3% 25.0 24.5 21.8 20.0 16.3 15.0 13.6 11.9 1
Slide 8: Energy that Transforms – 3Q'22 Strategic Milestones
Confidential Energy that Transforms – 3Q’22 Strategic Milestones 4 1 Competitive Returns Grow with the energy transition (ET) Record profitability in 3Q’22, Growing Production 720.4 mboed in 3Q22 exceeding 2021 full year results Operation expansion in the Permian Basin (Texas, USA) 49.5% EBITDA Marg
Slide 9: Operational excellence coupled with investment plans
Confidential 1 Operational excellence coupled with investment plans Production and reserves results Production Reserves 2021 vs 2020 RRR Production Recovery Volume (Mboe) Ecopetrol’s +13% 2019 2020 2021 Reserves Country’s 139% Reserves(3) +12% Last 3 years Total Average Daily Crude Oil Production, p
Slide 10: New avenues for growth in the energy value chain
Confidential 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$3.67 BN(1) countries in South and Central America Toll Roads Transformational step
Slide 11: Capital Expenditure Plans
Confidential 1 Capital Expenditure Plans CAPEX IN HYDROGEN AND Natural gas strategy C02 INITIATIVES (next 3 years) USD 200 Million #1 producer in Colombia (55% share) CO2 capture projects Green hydrogen projects as of 2021 in C/gena and B/meja through emerging tech Refineries and Natural Climate Sol
Slide 12: Solid commitment and progress on the TESG front
Confidential 2 Solid commitment and progress on the TESG front Technology, Environmental, Social and Governance DECARBONIZATION WATER NEUTRALITY BY 2045 On March 25, 2021, Ecopetrol announced its plan to achieve net-zero Ecopetrol S.A. aims to improve water use efficiency to reduce water- Greenhouse
Slide 13: Strong Corporate Governance underlying the energy transition
Confidential 2 Strong Corporate Governance underlying the energy transition Ecopetrol relies on transparency, governance and control practices that ensure good Corporate Governance in order to generate trust among stakeholders and guarantee sustainability of the business SHAREHOLDERS STAKEHOLDERS Ge
Slide 14: Investment in technology and human talent for a new reality
Confidential 3 Investment in technology and human talent for a new reality Science, technology and innovation Integrated agenda Reinventing our human talent USD 89 MM To be allocated towards projects in 2023. Essential to leverage business development and catalyze progress in technologies for the en
Slide 15: Surpassing historical financial results
Confidential 4 Surpassing historical financial results Evolution of financial performance Ecopetrol Group KPIs Consolidated debt profile as of September 30, 2022 (3) Consolidated indebtedness by entity (4) Debt composition 49.5% by facility type 46.7% Debt in Debt in Total Company % US$ M COP M (USD
Slide 16: Navigating a highly volatile environment
Confidential 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
Slide 17: Disciplined financial management
Confidential 4 Disciplined financial management Fuel Price Stabilization Fund (FEPC) balance (COP Tn) Capital Discipline Portfolio transformation and changes in market conditions require us to adapt our capital discipline More flexible, agile and dynamic guidelines, leveraging growth in a FEPC accou
Slide 18: 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 19: EBITDA Reconciliation
Confidential EBITDA Reconciliation (COP BN) 2021 3Q’21 3Q’22 3Q ∆% Net income attributable to the owners of Ecopetrol 15,649 10,217 24,771 142% (+) Depreciation, amortization and depletion 10,160 7,384 8,757 19% (+/-) Impairment of long-term assets 33 -2 6 -440% (+/-) Financial result, net 3,698 2,1
Slide 20: Thank you.
Tr . ” Peri, ‘Jee Thank you. | or PETRO GROUP
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