Promigas Sa Esp · BVC:PROMIGAS
Promigas Sa Esp — Q2 2024 Earnings Presentation
26 slides from Promigas Sa Esp's earnings presentation, 2024
Slide 1: Quarterly Results Q2 2024
IR Investor Relations QUARTERLY RESULTS Q2 2024
Slide 2: Disclaimer
DISCLAIMER Promigas, S.A., E.S.P. (“Promigas”) is a securities issuer in Colombia listed in These separate financial statements were prepared to comply with the legal the National Registry of Securities and Issuers. As such, it is subject to requirements applicable to the Company as an independent l
Slide 3: Relevant Figures: Financial Results Summary
RELEVANT FIGURES Financial Results - Summary SINGLE CONSOLIDATED Year-to-date June 2024 Year-to-date June 2024 Real REVENUES1 Budget REVENUES1 $0.62 Bn $0.63 Bn GAS TRANSPORTATION, LNG AND SERVICES 30% Budget Real $3.46 Bn Execution: 100% $3.47 Bn Δ 32% vs. 2023 GAS DISTRIBUTION, E.P., NBF AND ES 70
Slide 4: Our Energy 2040 Customer Focus
OUR ENERGY 2040 CUSTOMER FOCUS ASPIRATIONS: CORE BUSINESSES, RESILIENT LOW-EMISSION BUSINESSES TO Diversification and growth in AND COMPETITIVE SUCCEED IN ENERGY TRANSITION other geographies Energy Solutions Natural Gas Natural Gas Transportation G&P Transportation Value Added Services, Sustainable
Slide 5: Relevant Figures: Environmental, Social and Governance
RELEVANT FIGURES Environmental, Social and Governance Consolidated Results - Accumulated as of June 2024 • Decarbonization program: estimated reduction of 15,048 tons of CO2eq. Innovation and Digital Transformation CORE BUSINESSES LOW-EMISSION BUSINESSES • 16 new initiatives in our digital innovatio
Slide 6: Highlights
HIGHLIGHTS CREDIT RATINGS Fitch ratifies Surtigas' AAA rating. AKNOWLEDGEMENTS DISCIPLINE & OPERATIONAL EXCELLENCE Promigas was ranked 52nd in the Merco Talento ranking, rising 9 positions compared to the previous year. Likewise, we Historic record in volume handled by Promigas Peru (59.9 MCFD). obt
Slide 7: Core Businesses
IR Investor Relations CORE BUSINESSES
Slide 8: Transportation of Natural Gas
TRANSPORTATION OF NATURAL GAS PIPELINE: TOTAL CAPACITY: 3,284 km 1,165 MCFD Contracted Capacity Volume Transported 896 MCFD BUDGET 659 MCFD BUDGET 99.99 % 885 MCFD 603 MCFD Exec. 91% Continuity of operation Exec. 99%
Slide 9: Liquefied Natural Gas - LNG
LIQUEFIED NATURAL GAS - LNG We confirm that our LNG storage and regasification infrastructure is vital for supporting electricity generation using natural gas. During the first 6 months of JAN-JUN 2024 2024, SPEC LNG reached historic levels of LNG 37,870 MCF receipt and regasification, Average 213 M
Slide 10: Distribution of Natural Gas
Gases del Caribe Gases de La Guajira DISTRIBUTION Surtigas Efigas OF NATURAL GAS CEO Positive impact on the quality of life of more than 22 million people GdO in 1,023 communities in Colombia and Peru. CONNECTED CUSTOMERS IN Q2 2024 208,310 ACCUMULATED CONNECTED CUSTOMERS: Gases Norte de Perú 6.55 m
Slide 11: Low-Emission Businesses
IR Investor Relations LOW-EMISSION BUSINESSES
Slide 12: Energy Solutions
Portfolio of projects with E N E RGY a capacity of S OLUT ION S 91.7 MW(*) Solar Capacity 76.4 MW Our business lines are focused on Distributed Operational Construction Comercial closures Solar Energy, Self-generation and Cogeneration. 38.0 MW 21.0 MW 17.4 MW We have laid the groundwork to expand ou
Slide 13: Electric Power Distribution and Sustainable Mobility
ELECTRIC POWER SUSTAINABLE MOBILITY DISTRIBUTION COLOMBIA AND PERU Volume CNG EBITDA¹ Positive impact on the quality of life of more than 1.4 million 544 Mm3 17,820 M Exec. 103% Exec. 125% people in 38 communities served in the Department of Cauca. ¹Includes only controlled companies Active vehicles
Slide 14: Brilla
Brilla represents shared value that enables populations to access a better quality of life and strengthens the Promigas value chain. Jun-2024: DISBURSEMENTS BY CATEGORY* COP$ 664,958 M 94% 20% 42% loan disbursement Strata 1, 2 and 3. Building Home Materials 258,161 Loans granted in 2024 5.7 millones
Slide 15: Enablers
IR Investor Relations ENABLERS
Slide 16: Social Footprint
SOCIAL FOOTPRINT NATURAL GAS AND ELECTRIC POWER INCLUSIVE BUSINESS: BRILLA Drives social change and a progressive and fair energy transition Shared value: improved quality of life and strengthening of the value chain In Q2 2024 we impacted 764,189 people 207 Thousand Families Benefited 7 million cus
Slide 17: Efficiency Program: Cumulative Savings Target
EFFICIENCY EFFICIENCY-GENERATING PRACTICES IMPLEMENTED PROGRAM $18,300 M Operational $7,173 M Administrative Excellence Efficiencies $615 M EFFICIENCY CAPTURE PROFILE Digital $32,002 $17,142 M $511 M Transformation Strategic IT/OT Platform $30.000 $27.635 Target $120.000 Sourcing Excellence $105,166
Slide 18: Capex
CAPEX Jan - Jun ECA Q2 2024 360,728 84% -69,357 959,347 96% -38,618 Core Business (79% of capex) 269,575 82% -60,405 746,139 94% -44,570 Energy Transition 91,154 91% -8,952 213,208 103% 5,952 Business (21% of capex)
Slide 19: Financial Results Breakdown: Profit and Loss, Single
FINANCIAL RESULTS BREAKDOWN PROMIGAS PROFIT AND LOSS STATEMENT | Single ACCUMULATED 2024 – ACCUMULATED 2023 REVENUES 1 COSTS & EXPENSES EBITDA 2 NET INCOME (100% Budget) (91% Budget) (117% Budget) (121% Budget) 32% 24% 17% 22% 30%* 5%** 15%* 20%* 813,397 695,006 697,713 624,949 627,114 508,319 614,6
Slide 20: Financial Results Breakdown: Balance Sheet, Separate
FINANCIAL RESULTS BREAKDOWN PROMIGAS BALANCE SHEET | Separate JUNE 2024 vs. DECEMBER 2023 Assets $11.7 Bn 6% (YTD) Liabilities $5.8 Bn 10% (YTD) Equity $5.9 Bn 6% (YTD) Budget: $11.5 Bn Budget: $5.9 Bn Budget: $5,6 Bn (Execution 102%) (Execution 98%) (Execution 106%) 8% 2% 17% 47% Other LT assets 16
Slide 21: Financial Results Breakdown: Profit and Loss, Consolidated
FINANCIAL RESULTS BREAKDOWN PROMIGAS PROFIT AND LOSS STATEMENT | Consolidated ACCUMULATED 2024 – ACCUMULATED 2023 1 REVENUES COSTS & EXPENSES EBITDA 2 NET INCOME (100% Budget) (89% Budget) (112% Budget) (121% Budget) 13% 5% 17% 22% 11%* 2.7%* 13%* 18%* 3,470,465 3,463,895 3,062,909 2,509,076 2,235,2
Slide 22: Investor Relations
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Slide 23: Investor Relations
IR Investor Relations
Slide 24: Financial Results Breakdown: Balance Sheet, Consolidated
FINANCIAL RESULTS BREAKDOWN PROMIGAS BALANCE SHEET | Consolidated JUNE 2024 vs. DECEMBER 2023 Assets $19.1 Bn 6% (YTD) Liabilities $12.8 Bn 8% (YTD) Equity $6.3 Bn 6% (YTD) Budget: $19.5 Bn Budget: $13.6 Bn Budget: $5.9 Bn (Execution 98%) (Execution 94%) (Execution 106%) 18% 22% 21% Other LT assets
Slide 25: Consolidated Debt Breakdown
CONSOLIDATED FINANCIAL RESULTS DEBT $8.36 Bn Average Cost of Debt: Jun 2024: 9.97% BREAKDOWN PROMIGAS: 2% vs Jun-23 Jun 2023: 12.38% Debt by product Debt by currency Debt by company 2023 2024 Q2-2024 4% Q2-2024 PROMIGAS 50.56% 47.79% 48% QUAVII 20.98% 20.03% Q2-2023 5% Q2-2023 GDO 8.22% 8.02% SURTIG
Slide 26: Investor Relations Office
IR Investor Relations WE ARE ENERGY THAT DRIVES DEVELOPMENT Investor Relations Office inverstors@promigas.com Calle 66 # 67-123 Barranquilla, Colombia