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2Q 2023 Earnings Presentation – Ecopetrol S.A.

Ecopetrol S.A. · Aug 3, 2023 · 24 slides

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Slides

  1. 2Q 2023 Earnings Presentation – Ecopetrol S.A. – slide 1
  2. 2Q 2023 Earnings Presentation – Ecopetrol S.A. – slide 2
  3. 2Q 2023 Earnings Presentation – Ecopetrol S.A. – slide 3
    Outstanding results underpinned by operational milestones 771 716 715 711 726 706 668 698 724 728 59 41 53 71 66 42 65 105 80 78 76,4 73,2 36,7 38,1 34,3 31,6 34,3 32,4 26,3 26,5 23,5 22,2 15,8 15,7 17,6 17,0 14,6 10,3 8,7…
  4. 2Q 2023 Earnings Presentation – Ecopetrol S.A. – slide 4
    Proactive commercial strategy for a challenging market Opportunities Challenges OPEC supply cuts OECD inventory build-up Global economic dynamism Crude oil competition in the Asian market Lower inflationary pressures Normalization of…
  5. 2Q 2023 Earnings Presentation – Ecopetrol S.A. – slide 5
  6. 2Q 2023 Earnings Presentation – Ecopetrol S.A. – slide 6
    Progress in the implementation of our social investment plan INCLUSIVE RURAL DEVELOPMENT HEALTH Initiation Phase II of the Food Supply Network in Meta 8% of the vulnerable population of Magdalena Department with the Food and…
  7. 2Q 2023 Earnings Presentation – Ecopetrol S.A. – slide 7
  8. 2Q 2023 Earnings Presentation – Ecopetrol S.A. – slide 8
    TESG leveraging long-term value STRATEGIC COMMITMENTS OBJECTIVE PLAN 1H23 REAL 1H23 2023 Proj. SCIENCE, TECHNOLOGY AND INNOVATION Value generated in ST+i (COP T) 1.01 1.09 11.91 CLIMATE CHANGE Cumulative GHG* reduction (MtCO2e)**…
  9. 2Q 2023 Earnings Presentation – Ecopetrol S.A. – slide 9
    Robust financial indicators adjusted to new market variables Ecopetrol Groups Indicators 1H23 ROACE1 EBITDA Margin2 EBITDA Contribution* By Business Hydrocarbons Transmission Low 17,1% 49,9% Line and Toll Roads Emissions 14,8%…
  10. 2Q 2023 Earnings Presentation – Ecopetrol S.A. – slide 10
    Historical execution of the 2023 Investment Plan Business Line Geographic Location Type of Investment Hydrocarbons COP T COP T COP T Colombia Operational Continuity* Low Emissions Other Geographies 12,3 Growth 25,3 29.8 30,0…
  11. 2Q 2023 Earnings Presentation – Ecopetrol S.A. – slide 11
    Effective mitigation of balance sheet risks Cash Balance FEPC Balance COP T COP T 5.2 10.7 13.0 30,9 Pending compensation of the FEPC balance for 26,3 8,4 18.1 COP 13.2 T, with 2.5 2.6 dividend payment to the 0.5 13.0…
  12. 2Q 2023 Earnings Presentation – Ecopetrol S.A. – slide 12
  13. 2Q 2023 Earnings Presentation – Ecopetrol S.A. – slide 13
    Low Emission Solutions Making progress towards the energy transition 160 mboed 2,142 47% Commercialization of 1.400 MBTUD Flare Gas Gas & LPG Gas & LPG2 BCOP EBITDA 36 ktonCO2Eq reduced per year Production Gas & LPG1 EBITDA…
  14. 2Q 2023 Earnings Presentation – Ecopetrol S.A. – slide 14
  15. 2Q 2023 Earnings Presentation – Ecopetrol S.A. – slide 15
    Exploration Diversified portfolio underpinning energy security Gas Success TAYRONA Orca ORCA Crude Success In evaluation TAYRONA MAKING PROGRESS IN THE EXPLORATORY CAMPAIGN Uchuva-1 Wells 2023 GUAJIRA 3 Discoveries…
  16. 2Q 2023 Earnings Presentation – Ecopetrol S.A. – slide 16
    Production Outstanding production performance Production Main growth drivers Cao Sur production curve (mboed) (mboed) 3.3% 704,6 720,5 720,1 719,4 728,0 2Q23 2Q22 vs 2Q23 (mboed) (%) 40 34 166,7 175,2 166,1 171,1 172,0 19 PERMIAN…
  17. 2Q 2023 Earnings Presentation – Ecopetrol S.A. – slide 17
    Production Permian: Exceptional results in 3 years of operation Rapid growth in production based on short-cycle assets Average Monthly Production Start operations in Ecopetrol before royalties 62.9 the Delaware area 70 (mboed)…
  18. 2Q 2023 Earnings Presentation – Ecopetrol S.A. – slide 18
    Midstream Logistical excellence addressing demand requirements Transported volume (mbd) Ensuring fuel supply in the south of the country: +1.9% Cabotage from 1,077 1,075 1,090 1,089 1,098 Buenaventura terminal to 298 305 306 306…
  19. 2Q 2023 Earnings Presentation – Ecopetrol S.A. – slide 19
    Downstream Historical refinery throughput and production of cleaner fuels Gross refining margin Fuels production (mbd) and throughput TESG 29,0 Production of AC-30 quality 20,3 19,9 22,6 302 313 asphalt at the Barrancabermeja…
  20. 2Q 2023 Earnings Presentation – Ecopetrol S.A. – slide 20
    Costs Ongoing efficiency capture and cost optimization Refining cash cost -14% Main levers impacting EBITDA: 4,58 470 483 3,94 Heavy and extra heavy crude dilution 1H23 COP initiatives. EFFICIENCIES 1.6 T Increasing higher value…
  21. 2Q 2023 Earnings Presentation – Ecopetrol S.A. – slide 21
  22. 2Q 2023 Earnings Presentation – Ecopetrol S.A. – slide 22
    Energy Transmission Solid results that overcome challenges BUSINESS LINE CONTRIBUTION 1H23 (COP T)* OPERATING MILESTONES GE without Transmission and Toll Roads Contract awarding: Transmission and Toll Roads Contribution 2 lots in…
  23. 2Q 2023 Earnings Presentation – Ecopetrol S.A. – slide 23
    In summary Outstanding results in a challenging commercial environment Historic execution of the investment plan Focused on operational excellence, efficiencies, innovation and commitment to energy transition September:…
  24. 2Q 2023 Earnings Presentation – Ecopetrol S.A. – slide 24
    Q&A

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