Ecopetrol Sa · BVC:ECOPETROL
Ecopetrol Sa — GEMs Conference New York (September 2022)
15 slides from Ecopetrol Sa's conference presentation, September 2022
Slide 1: Corporate Presentation
CORPORATE PRESENTATION September 2022
Slide 2: 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 the probable dev
Slide 3: Best quarter and first semester in Ecopetrol's history
Best quarter and first semester in Ecopetrol’s history 755 761 718 715 720 725 697 679 705 698 99 54 45 55 72 64 43 71 112 105 91.7 76.4 67.8 70.8 66.0 52.1 55.2 47.7 50.0 42.0 43.9 38.1 30.8 31.1 24.5 23.1 22.2 18.1 18.0 16.8 16.7 17.0 13.3 37% 35% 38% 42% 6.6 45% 44% 34% 46% 10.5 50% 51% 11.6 1.7
Slide 4: Unprecedented financial results
UNPRECEDENTED FINANCIAL RESULTS 1H22 2022 2022 - 2024 Organic Investments (US$ M) 2,229 4,800 - 5,800 17,000 - 20,000* Production (mboed) 2T22 705 700 - 705 ~730 Grow with the Throughput (mbd) 2T22 365 340 - 360 420 - 430 Energy Transition Transported Volume (mbd) 2T22 1,077 ~1,000 Organic Investmen
Slide 5: Strategic milestones
Strategic milestones GROWTH WITH TRANSITION • Success in exploration Uchuva-1 and Gorgon-2 wells COMPETITIVE RETURNS • Historic results in Downstream • Highest historic dividend • Production recovery and greater COP 448 per share investment execution • FEPC Payment agreement as of • Expansion in Per
Slide 6: Southern-Caribbean Gas Basin Proven Success
Southern-Caribbean Gas Basin Proven Success Confirmed discovery Confirmed discovery Exploratory wells Offshore wells with presence of gas Agreement executed on July 27, 2022 Gas pipeline 6
Slide 7: Significant potential to contribute to the country's gas supply
Significant potential to contribute to the country's gas supply Colombia´s supply-demand balance for natural gas Production declarations Ecopetrol potential Third-parties potential Low-demand scenario 3,000 Average-demand scenario High-demand scenario 2,500 Projected deficit 2,000 Deficit 2026 Gbtud
Slide 8: Achievements that support our Exploration and Production business
Achievements that support our Exploration and Production business Piedemonte Llanero Record-high Permian Exploratory success Reactivation Exploration in Brazil Production (U.S.A.) Caribbean off-shore 5 drills Presence under operation 61 MBOED 2 discoveries in Santos Basin JV Production on March Uchu
Slide 9: Successful expansion of Ecopetrol's operation in the Permian
Successful expansion of Ecopetrol's operation in the Permian 1H21 1H22 Operation aligned with TESG objectives 26.8 Production MBPED 13.8 Zero 36% +43% 25 (Net before royalties) Routine Volume of diesel replaced by vs.1H21 secondees EBITDA MUSD 74 253 flaring compressed natural gas Volume of recycled
Slide 10: Increasing Alignment with the new government in Energy Transition
Increasing Alignment with the new government in Energy Transition Información confidencial Goals “There is a need to find more gas, Colombia has a great deficit in gas and its reserves reach for a few years. But in the case of oil we need to remain exporters for a while, while diversifying the expor
Slide 11: Progress in TESG fronts
Progress in TESG fronts ENVIRONMENTAL DECARBONIZATION WATER NEUTRALITY GHG Emissions in Colombia 6.8% 3.5% IPPU* Waste % of reused water required to operate** 90% Reuse 30.7% 59.1% Ecopetrol's GHG emissions Energy 303 Agriculture, forestry (Scope 1 and 2) correspond Millions of and other land uses W
Slide 12: Progress in TESG fronts
Progress in TESG fronts SOCIAL CORPORATE GOVERNANCE Ecopetrol Group achieved the lowest Territories Development Ecopetrol is a benchmark in good corporate governance practices TRIF* in its history ~163 71/100 Corporate Ecopetrol in the TOP 10 most 2nd place as a leading COP B Governance Rating respo
Slide 13: Exceeding financial results
Exceeding financial results O&G KPIs ISA KPIs Ecopetrol Group KPIs EBITDA/Bl EBITDA Margin1 EBITDA Margen EBITDA by segment 68.6 USD/Bl 69.9% 49.9% (%) 68.6 48.1% 49.9% 5% 5% 9% 11% 45.7% 49.6 25% 14% 42.4 40.2 75.3% 76.1% 33.7% 55% 55% 13% 27.6% 71.2% 17.9 69.6% 65% 62% 40% 40% 2020 2021 1S21 1H21
Slide 14: Disciplined financial management
Disciplined financial management Capital Discipline Cash Protection The transformation of our portfolio and changes in market COP T conditions require us to adapt our capital discipline 6.2 4.6 Now More flexible, agile and Energy 1.7 dynamic guidelines, Traditional Transition 5.7 O&G Solutions 6.8 l
Slide 15: Q&A
Q&A ecoprpe GROUP
Ecopetrol — GEMs Conference New York (September 2022) on 6ix