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Q1 2015 RESULTS – Ecopetrol S.A.

Ecopetrol S.A. · May 13, 2015 · 13 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. Q1 2015 RESULTS – Ecopetrol S.A. – slide 1
    Ecopetrol Corporate Group Operational and Financial Results 1Q 2015 MAY 13TH 2015
  2. Q1 2015 RESULTS – Ecopetrol S.A. – slide 2
    Management Participants Juan Carlos Echeverry Bernardo Castro CEO VP of Commercial and Marketing Camilo Marulanda Magda Manosalva Executive VP CFO Hctor Manosalva Adriana Echeverri VP of Development and Production VP of Growth…
  3. Q1 2015 RESULTS – Ecopetrol S.A. – slide 3
    Agenda 1. Market overview 2. Highlights 3. Operational Update 4. Financials 5. Outlook for 2Q 2015 6. Q&A 4
  4. Q1 2015 RESULTS – Ecopetrol S.A. – slide 4
    Market Overview Oil Prices USD/COP Average* 3,000 USD 120 107.9 2,480 Brent 2,500 USD 100 2,180 89.3 MAYA 2,000 77 2,000 USD 80 67.2 1,500 USD 60 54.8 43.9 1,000 USD 40 500 USD 20 USD 0 0 1Q-2014 4Q-2014 1Q-2015…
  5. Q1 2015 RESULTS – Ecopetrol S.A. – slide 5
    First Quarter Highlights Upstream Midstream/Downstream Financials Average consolidated B/meja refinery 1Q 2015 Net Income* of COP0.16 Tn production of 773.4 mboed. margins US18.2/Bl vs. and Ebitda of COP3.15 Tn +1% vs. 1Q 2014 and…
  6. Q1 2015 RESULTS – Ecopetrol S.A. – slide 6
    Upstream Performance Production: Ecopetrol + Net Interests* (mboed) Growth between 1Q-2015 and 1Q-2014: + 1% Chichimene: +69%, to 80 mbod in 1Q 773 2015 766 755 765 51 Castilla: +14%, to 118 mbod in 1Q 49 734 52 51 2015 49…
  7. Q1 2015 RESULTS – Ecopetrol S.A. – slide 7
    Midstream and Downstream Performance Volumes Transported by Cenit (mbd) Midstream Crude Oil Products Higher crude volumes transported as a result of lower 1,233 1,274 1,200 1,274 number of attacks to infrastructure vs. 1Q 2014 257…
  8. Q1 2015 RESULTS – Ecopetrol S.A. – slide 8
    Income Statement Drivers (COPTn) 17.97 Effect in 12.30 1Q 2014 1Q 2015 Net Income + 0.21 + 2.10 + 0.24 Total Sales - 8.22 -5.67 (-) 1Q 2014 Volumes Price FX Other 1Q-2015 8.62 6.40 + 0.32 + 0.62 Variable - 2.77 - 0.30 - 0.09…
  9. Q1 2015 RESULTS – Ecopetrol S.A. – slide 9
    Key Financial Results (COP Tn) Margin % 1Q 2014 1Q 2015 44% 7.9 26% 3.2 Ebitda and -4.7 Ebitda Margin 1Q-2014 1Q-2015 6.2 Pre-Tax Income 0.8 -5.4 1Q-2014 1Q-2015 2.1 Income Tax -1.6 0.5 1Q-2014 1Q-2015 22% 3.9 Net…
  10. Q1 2015 RESULTS – Ecopetrol S.A. – slide 10
    Costs and Expenses Optimization 1Q-2015 2015 Long term Cost reduction of Total expected savings of Currently Ecopetrol is US0.63/bl due to US3.56 Bn (2015 budget defining long term saving optimization strategies out vs. 2014 budget…
  11. Q1 2015 RESULTS – Ecopetrol S.A. – slide 11
    Variation of Net Income by Segment (COPTn) E&P Refining & Petro. Transport Lower total sales mainly Improvement of the Higher transported due to 54% drop in gross margin but lower volumes to third parties export crude oil basket…
  12. Q1 2015 RESULTS – Ecopetrol S.A. – slide 12
    Second Quarter Outlook Upstream Midstream /Refining Financials/Other Ongoing development Start of operation of Implementation of IFRS campaign to maintain 1Q natural gas power units at standards 2015 s production levels Cartagena…
  13. Q1 2015 RESULTS – Ecopetrol S.A. – slide 13
    Q&A 14

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