ECOPETROL GROUP INVESTOR PRESENTATION Confidential January 2024
This presentation was prepared by Ecopetrol S.A. (the Company or Ecopetrol) with the purpose of providing interested parties certain financial and other information of the Company. This presentation is for discussion purposes and…
Summary Terms of the Offering Issuer Ecopetrol S.A. Format SEC Registered Ranking Senior Unsecured and Unsubordinated Notes Expected Ratings Moodys: Baa3 (Negative) S&P: BB+ (Stable) Fitch: BB+ (Stable) Currency USD Size Benchmark…
Ecopetrol is a leading integrated energy and infrastructure group in Latam Exploration, Production Low Emission Energy Transmission and Refining Solutions and Toll Roads +120 years(1) U.S., Gulf of Mexico, and Permian Basin of…
Ecopetrol is a leading integrated energy and infrastructure group in Latam (contd.) 3 BUSINESS SEGMENTS Low Emission Transmission Hydrocarbons Solutions and Toll Roads 1 in Colombia upstream, midstream, and 117% RRR(1) 1 1…
Track record of strong and resilient financial performance Evolution of Financial Performance Ecopetrol Group KPIs (US in BN) Consolidated debt profile as of September 30th, 2023 (3) Consolidated indebtedness by entity Production…
Energy that transforms Strategic Milestones and Objectives 1 2 Continued Growth with Energy Transition (ET) Generating Value through TESG On average, expect to invest between Aim to take advantage of wind, US5.2 BN and US6.0 BN…
1 Energy transition continued with 2024 investment plan Production and reserves results Production Reserves Reserves Location Production Recovery Volume (mmboe) 2019 2020 2021 2022 2,002 2,011 1,893 Total Average Daily Crude Oil…
1 Low-emission businesses highlights and capex plans CAPEX IN HYDROGEN AND CO2 INITIATIVES NATURAL GAS STRATEGY (2023 - 2025) US200 MM 1 producer in Colombia (55% share as of 2022) Green hydrogen CO2 capture projects projects in…
1 New avenues for growth in the energy value chain Ecopetrols strategic investment in ISA + Acquisition of 51.4% of ISA August 20th, 2021 Electric Power Transmission Transaction size: Operations in 6 US3.67 BN(1) countries in…
2 Solid commitment and progress on the TESG front Technology, Environmental, Social and Governance DECARBONIZATION On March 25, 2021, Ecopetrol announced its plan to achieve net-zero Greenhouse Gas (GHG) emissions by 2050 in line with…
2 Strong Corporate Governance underlying the energy transition Ecopetrol relies on transparency, governance and control practices that promote good Corporate Governance in order to generate trust among stakeholders and guarantee…
3 Investment in technology and human talent for a new reality Science, technology, and innovation (CT+i) strategy Reinventing our human talent US240 MM To be allocated towards projects between 2022 - 2024 Essential to leverage…
4 Navigating a highly volatile environment Key Action Fronts Commercial Management Challenges Price Basket US/Bl High interest rate environment and inflationary pressures within energy sector 120 Continued uncertainty surrounding…
4 Disciplined financial management leads to competitive returns Fuel Price Stabilization Fund (FEPC) balance (COP TN) FEPC settlement has strengthened our financial and liquidity position as it provides us Capital Discipline with…
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EBITDA Reconciliation (COP BN) 2022 9M 22 9M 23 9M % Net income attributable to the owners of Ecopetrol 31,605 24,771 17,638 -28.8% (+) Depreciation, amortization and depletion 12,129 8,757 10,063 14.9% (+/-) Impairment of…
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