Skip to main content Q3 2011 Earnings Call – Ecopetrol S.A. Investor Presentation | Shale Experts
Loading...
Pm

Q3 2011 Earnings Call – Ecopetrol S.A.

Ecopetrol S.A. · Oct 26, 2011 · 22 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q3 2011 Earnings Call – Ecopetrol S.A. – slide 1
    Financial and Operating Results Third Quarter 2011 October 26, 2011
  2. Q3 2011 Earnings Call – Ecopetrol S.A. – slide 2
    DISCLAIMER This document was prepared by Ecopetrol S.A. 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…
  3. Q3 2011 Earnings Call – Ecopetrol S.A. – slide 3
    MANAGEMENT PARTICIPANTS IN CONFERENCE CALL Javier Gutierrez Adriana Echeverri Chief Executive Officer Chief Financial Officer Hector Manosalva Alvaro Castaeda EVP of E&P VP of Transportation and Logistics Pedro Rosales…
  4. Q3 2011 Earnings Call – Ecopetrol S.A. – slide 4
    AGENDA 1. Highlights of the third quarter of 2011 2. Financial results for the third quarter of 2011 3. Outlook for the last quarter of 2011 4
  5. Q3 2011 Earnings Call – Ecopetrol S.A. – slide 5
    HIGHLIGHTS IN THE THIRD QUARTER OF 2011 16% production growth Strong Operational Results * 5 successful exploratory wells (Colombia + Peru) 17% growth in crude transport 64% revenue growth Solid Financial Results ** 80% ebitda…
  6. Q3 2011 Earnings Call – Ecopetrol S.A. – slide 6
    INVESTMENT PLAN CAPEX (US million) 4,777 Corporate and other 58 211 Refining and Petroch. 3,864 431 395 62 452 Exploration 236 603 635 Acquisitions 684 437 272 Transportation Subsidiaries 1,827 2,338 Production Jan -…
  7. Q3 2011 Earnings Call – Ecopetrol S.A. – slide 7
    EXPLORATION & PRODUCTION Exploratory Activity Production growth Quarterly Groups Production Corporate (thousand barrels of crude and gas per day) Group 732 3Q-2011 Jan-Sep 2011 632 2 7 2 31 8 14 H/carbon H/carbon 25 Drilled…
  8. Q3 2011 Earnings Call – Ecopetrol S.A. – slide 8
    TRANSPORTATION Transported volumes and capacity Key projects of transportation infrastructure finalized in 3Q-2011: Transportation Capacity (thousand barrels per day) 1,076 Santa Marta 936 ODC Pipeline Coveas Cartagena 403 333…
  9. Q3 2011 Earnings Call – Ecopetrol S.A. – slide 9
    REFINING Throughput of the Refining margin of the Barrancabermeja refinery Barrancabermeja refinery Refinery modernizations Refinery throughput Gross refining margin (thousand barrels per day) (USD/Barrel) 13.3 232.3 226.8…
  10. Q3 2011 Earnings Call – Ecopetrol S.A. – slide 10
    SALES AND MARKETING Sales volumes growth Higher prices of crude, Export destinations for crudes products and gas exports 1.5% 1.3% U.S. 1.5% Prices of crude, 6.8% Far East Total sales products, and gas 3.8% Caribbean (thousand…
  11. Q3 2011 Earnings Call – Ecopetrol S.A. – slide 11
    ORGANIZATIONAL CONSOLIDATION, CORPORATE RESPONSABILITY AND CORPORATE GOVERNANCE Significant improvement in HSE and major milestone in Corporate Responsability HSE Accidents per million labor hours Accidents per million labor hours < 1…
  12. Q3 2011 Earnings Call – Ecopetrol S.A. – slide 12
    AGENDA 1. Highlights of the third quarter of 2011 2. Financial results for the third quarter of 2011 3. Outlook for the last quarter of 2011 12
  13. Q3 2011 Earnings Call – Ecopetrol S.A. – slide 13
    FINANCIAL RESULTS OF ECOPETROL S.A.* Historically high revenues, income and ebitda Total Revenue Costs and Expenses Operating Profit (COP trillion) (COP trillion) (COP trillion) and Operating Margin (%) 14.1 44% 43.5% 44% 13.8 8.4…
  14. Q3 2011 Earnings Call – Ecopetrol S.A. – slide 14
    SEGMENT FINANCIAL RESULTS OF ECOPETROL S.A.* Positive Ebitda in all business segments E&P Refining Transportation Sales and Marketing 9.0 Total Sales 5.4 5.3 (COP trillion) 3.5 3.4 1.9 0.8 1.0 E&P Refining Transportation Sales…
  15. Q3 2011 Earnings Call – Ecopetrol S.A. – slide 15
    CASH FLOW AND BALANCE SHEET OF ECOPETROL S.A.* Strong operating cash generation and low indebtedness Initial Sources Uses Final 13.3 0.4 0.2 21.8 9.2 Cash Flow 2.5 1.9 3Q 2011 7.9 8.1 (COP trillion) Initial cash Operations Other…
  16. Q3 2011 Earnings Call – Ecopetrol S.A. – slide 16
    SUCCESSFUL PRIMARY EQUITY OFFERING Successful offering despite difficult capital market environment Results of the offering Ownership (Sep 30, 2011) Allotment Other 13% ADRs, inst., 1.3% Instit. inv Foreign inv. in ord. 1,2%…
  17. Q3 2011 Earnings Call – Ecopetrol S.A. – slide 17
    FINANCIAL RESULTS OF SUBSIDIARIES Groups financial results were also stronger Total Revenue Net Income (COP trillion) Ebitda (COP trillion) (COP trillion) and Net Margin (%) and Ebitda Margin (%) 25% 16.2 16.3 23% 23% 48% 47%…
  18. Q3 2011 Earnings Call – Ecopetrol S.A. – slide 18
    FINANCIAL RESULTS OF COMPANIES PART OF THE CORPORATE GROUP Ebitda* Net income* Company 3Q-2010 3Q-2011 3Q-2010 3Q-2011 Hocol 102 243 36 114 Savia (1) 14.3** 36** 16.1** 9.4** EXPLORATION Ecopetrol America 21.4 -34 -17 -55 &…
  19. Q3 2011 Earnings Call – Ecopetrol S.A. – slide 19
    AGENDA 1. Highlights of the third quarter of 2011 2. Financial results for the third quarter of 2011 3. Outlook for the last quarter of 2011 19
  20. Q3 2011 Earnings Call – Ecopetrol S.A. – slide 20
    OUTLOOK FOR THE FOURTH QUARTER OF 2011 EXPLORATION Drilling of 37 exploratory wells in 2011 PRODUCTION Average production for the Corporate Group of aprox. 730 mboed in 2011 TRANSPORTATION Achieve milestones of crude transport…
  21. Q3 2011 Earnings Call – Ecopetrol S.A. – slide 21
    INVESTOR RELATIONS Phone (+ 571) 234 5190 Email investorsecopetrol.com.co Website www.ecopetrol.com.co 21
  22. Q3 2011 Earnings Call – Ecopetrol S.A. – slide 22
    ENERGY FOR THE FUTURE Ecopetrol S.A. All rights reserved. The re production of this presentation is forbidden without the written authorization of Ecopetrol S.A.

From the store

Browse maps, data & reports in the Shale Experts store