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Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A.

Ecopetrol S.A. · Nov 3, 2009 · 27 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. Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A. – slide 1
    Ecopetrol: Making Our Vision a Reality Adriana Echeverri CFO Ecopetrol S.A. Emerging Markets Corporate Credit Conference Barclays Capital New York, November 3 of 2009
  2. Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A. – slide 2
    Agenda 1. Company Overview Key Highlights Corporate Governance Corporate Group 2. Strategic Plan Growth Organizational Consolidation 3. Financial Highlights 4. Company Highlights 3
  3. Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A. – slide 3
    Agenda 1. Company Overview Key Highlights Corporate Governance Corporate Group 2. Strategic Plan Growth Organizational Consolidation 3. Financial Highlights 4. Company Highlights 4
  4. Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A. – slide 4
    Ecopetrol is the Colombian National Oil Company, with strong operational and financial performance, and is the largest company in Colombia Key highlights Location Fourth largest O&G company in Latin America, Ecopetrol Presence and…
  5. Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A. – slide 5
    We have the leading market share in the segments of the oil and gas chain in Colombia Business Area Key figures (3Q/09) Market Share in Colombia** Exploration P1 Reserves* 1,474 MMBOE 62% Oil: 67% Gas: 33% Production Total :…
  6. Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A. – slide 6
    Ecopetrol has high standards of corporate governance practices driven by an independent board of directors Ownership* Corporate Governance Code In compliance with IFC, OCDE and local standards Full compliance with SOX as of…
  7. Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A. – slide 7
    We are consolidating a solid Corporate Group which enables developing our strategy 2007 2008 2009 Subsidiaries Exploration & 50% Production Refining and Petrochemical 49% 100% Oil transport and Multi-purpose 60% Pipelines…
  8. Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A. – slide 8
    Agenda 1. Company Overview Key Highlights Corporate Governance Corporate Group 2. Strategic Plan Growth Organizational Consolidation 3. Financial Highlights 4. Company Highlights 9
  9. Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A. – slide 9
    Ecopetrol is focussed on a strategic framework that will drive us to accomplish our goals STRATEGIC GUIDELINE GROWTH STRATEGIC FRAMEWORK Upstream Exploration Production Downstream STRATEGIC Refining Petrochemicals OUTLINE Biofules…
  10. Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A. – slide 10
    Growth and Organizational Consolidation Strategy GROWTH One of the top 27 companies in the PIW* Upstream ranking by 2015 (EC Downstream currently ranked 38) ORGANIZATIONAL CONSOLIDATION Consolidate an Human talent…
  11. Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A. – slide 11
    E&P Strategic goals for 2015 Production of 1 million BOE per day Reserves addition of 430 million BOE per yr* 1 Development of current fields 100 MMBOE 12% production CAGR 2007-2015 Heavy crude, mature 12% production CAGR…
  12. Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A. – slide 12
    Upstream strategy: Achieve a balanced Exploration Portfolio Exploration Strategy Presence in the most prospective areas in Colombia Short Term (2009-2011): Near current production fields Mid Term (2011-2013): Proven basins Local…
  13. Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A. – slide 13
    Upstream strategy: Consolidate Local Production and Diversify Portfolio Production Strategy Increase recovery factor from 23% to 32% Aggressive field development plans Expand secondary recovery in brown fields Further application…
  14. Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A. – slide 14
    E&P portfolio in Colombia Exploration (17.5 mn Hectares) Production (527 MBOED in Sep-09) Short Term Regions and production % Caribbean Sea 2009 2011 Medium Term Central 30% 2011 2013 Northeast 26% Long Term Mid Magdalena 15%…
  15. Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A. – slide 15
    Exploration Diversification of international exploration Production and production portfolio U.S. Gulf Coast Early production areas Proved basins United States 5 blocks 2 blocks 8 blocks Frontier areas Production assets…
  16. Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A. – slide 16
    Groups production reached 558 MBOED in Sep-09 Ecopetrol Corporate Group Production of Sep-09 was 30% higher Production of 558 MBODE reached in Sep-09 than initially estimated Hocol 25.3 MBOED Petrotech 7.1 MBOED (Ecopetrols 50%…
  17. Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A. – slide 17
    Downstream Strategic goals 2015 Objective Current (Sep-09) Goal 2015 Deep conversion, clean fuels Capacity Capacity Refining production and increased 330 MBOED 650 MBOED capacity Add value Increase participation on local…
  18. Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A. – slide 18
    Downstream: Key projects CAPEX Beginning of Projects (USD mn) Operations Modernization of Barrancabermeja Refinery 2,829 2013 Refining Master Plan for Cartagena Refinery 3,777 2013 Supply 100% of raw materials to Propilco…
  19. Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A. – slide 19
    Agenda 1. Company Overview Key Highlights Corporate Governance Corporate Group 2. Strategic Plan Growth Organizational Consolidation 3. Financial Highlights 4. Company Highlights 20
  20. Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A. – slide 20
    Organizational Consolidation: Strategic goals for 2011 Objective Goal 2011 Skilled Human Talent required to Top 10 companies to Human talent achieve the strategy work for in Colombia Reach international standards on Accident…
  21. Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A. – slide 21
    Improving environmental, safety, and security performance Environmental Incidents Accidents (per million of labor hours) 112 5,8 88 59 56 2,6 41 1,8 1,7 0,9 2005 2006 2007 2008 2009 2Q 2005 2006 2007 2008 2009 2Q Stolen…
  22. Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A. – slide 22
    Agenda 1. Company Overview Key Highlights Corporate Governance Corporate Group 2. Strategic Plan Growth Organizational Consolidation 3. Financial Highlights 4. Company Highlights 23
  23. Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A. – slide 23
    Sustained investments growth to achieve goals Capex 2005-09 (USD mn) Acquisitions 6.224 Capex of Organizational 870 14% USD 60 bn consolidation Transport 4.824 178 2% 2008-2015 598 10% Refining and Upstream 1.238 19% 814 13%…
  24. Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A. – slide 24
    Solid financial performance driven by strong operative results Revenue 28% CAGR Ebitda 27% CAGR 14,1 Revenue 9,6 9,5 6,7 7,9 and Ebitda 4,5 6,4 3,7 3,0 3,5 (USD bn) 2005 2006 2007 2008 Sep-09 Strong financial performance…
  25. Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A. – slide 25
    Strong balance sheet and positive cash flow Assets* Sep/09 (USD bn) Cash flow* JanSep/09 (USD bn) 25,8 Other short term 2,1 Initial Cash 6.1 Accounts receivable 2,5 2,8 Cash and cash equivalents Operations 11.1 3,4 Natural and…
  26. Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A. – slide 26
    Strong Performance of our securities in Capital Markets Ordinary share (COP) ADR (USD) 3.500 30 USD 28,40 COP 2.630 3.000 2.500 25 Ordinary 2.000 20 Share and 1.500 ADR 1.000 15 500 0 10 Oct/08 Oct/09 Dic/08…
  27. Emerging Markets Corporate Credit Conference Barclays Capital – Ecopetrol S.A. – slide 27
    Agenda 1. Company Overview Key Highlights Corporate Governance Corporate Group 2. Strategic Plan Growth Organizational Consolidation 3. Financial Highlights 4. Company Highlights 28

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