ECOPETROL GROUP INVESTOR PRESENTATION Confidential October 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: Ba1 (Stable) S&P: BB+ (Negative) Fitch: BB+ (Stable) Currency USD Size Benchmark…
Ecopetrol is a leading integrated energy and infrastructure group in Latam Exploration, Production Energies for the Energy Transmission and Refining Transition and Toll Roads +121 years(1) U.S., Gulf of Mexico, and Permian Basin…
Ecopetrol is a leading integrated energy and infrastructure group in Latam (contd.) 3 BUSINESS SEGMENTS Energies for the Energy Transmission Hydrocarbons Transition and Toll Roads 1 in Colombia upstream, midstream, and 117%…
Track record of strong and resilient financial performance Evolution of Financial Performance Ecopetrol Group KPIs (US in BN) Consolidated debt profile as of June, 2024 (4) Consolidated indebtedness by entity Production (mboed) 737…
The 2040 Strategy remains, with an emphasis on a Just Energy Transition 1 2 Grow with Energy Transition (ET) Generating Value through TESG Maintain aspirational strategy of 0.6 TCOP per annum of social production levels of 700-750…
1 Energy transition continued with 2024 investment plan Production and reserves results Production Reserves Reserves Location Production Recovery Volume (mmboe) 2020 2021 2022 2023 2,002 2,011 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 (as of 2023) Green hydrogen CO2 capture projects projects in Cartagena…
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 Corporate Governance Framework CORPORATE GOVERNANCE SYSTEM BOARD OF DIRECTORS OUR PRACTICES Elements Strategy 6 independent members Promote all stakeholders transparency, Boards of Directors: Promote best management objectivity and…
3 Investment in technology and human talent for a new reality Science, technology, and innovation (CT+i) strategy Reinventing our human talent + US240 MM 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 Continued uncertainty surrounding the…
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) 2023 6M 23 6M 24 6M % Net income attributable to the owners of Ecopetrol 19,062 11,931 6,642 -44% (+) Depreciation, amortization and depletion 13,812 6,524 7,287 12% (+/-) Impairment of long-term…
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