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FINANCIAL & OPERATIONAL RESULTS 1st Quarter 2014 – Ecopetrol S.A.

Ecopetrol S.A. · May 2, 2014 · 14 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. FINANCIAL & OPERATIONAL RESULTS 1st Quarter 2014 – Ecopetrol S.A. – slide 1
    FINANCIAL & OPERATIONAL RESULTS 1st Quarter 2014 May 2 of 2014 Barrancabermeja Refinery
  2. FINANCIAL & OPERATIONAL RESULTS 1st Quarter 2014 – Ecopetrol S.A. – slide 2
    Management Participants Javier Gutierrez Humberto Fuenzalida CEO Interim VP of Exploration Ecopetrol Ecopetrol Rafael Guzman Hector Manosalva VP of E&Ps Technical and Executive VP of E&P Development Ecopetrol Ecopetrol…
  3. FINANCIAL & OPERATIONAL RESULTS 1st Quarter 2014 – Ecopetrol S.A. – slide 3
    Agenda 1. Highlights 2. Operational Update 3. Financials 4. Outlook for 2Q 2014 5. Q&A 4
  4. FINANCIAL & OPERATIONAL RESULTS 1st Quarter 2014 – Ecopetrol S.A. – slide 4
    Highlights 1 discovery in Colombia (Tibirita 1A) Exploration Most competitive bids for 11 blocks in the Lease Sale 231 (U.S. GoM) Subsidiaries production growth of 5.0% vs 1Q/2013 Start of water flooding pilot in Galn field and…
  5. FINANCIAL & OPERATIONAL RESULTS 1st Quarter 2014 – Ecopetrol S.A. – slide 5
    Capex Capex (US million) Segment / Capex Allocation Key projects 1,564 Development drilling in Orinoqua Production: 43% Surface facilities in Castilla, Chichimene and Rubiales fields 672 Drilling: 7 wild cats, 2 appraisals, and 5…
  6. FINANCIAL & OPERATIONAL RESULTS 1st Quarter 2014 – Ecopetrol S.A. – slide 6
    Operational update: Upstream A3 wells in 1Q/2014* Under Drilled Successful Dry Evaluation 1 discovery in Colombia (Tibirita 1A) Ecopetrol (Colombia) 5 1 2 2 Most competitive bids for 11 blocks in Hocol (Colombia) 2 0 0 2…
  7. FINANCIAL & OPERATIONAL RESULTS 1st Quarter 2014 – Ecopetrol S.A. – slide 7
    Operational update: Mid & Downstream Volumes Transported by Cenit (mbod) Crude Oil Products Expansion completed in San Fernando Monterrey system (from 225 to 280 mbod) 1,194 1,200 Midstream 238 248 Higher naphtha transported through…
  8. FINANCIAL & OPERATIONAL RESULTS 1st Quarter 2014 – Ecopetrol S.A. – slide 8
    Drivers of the Income Statement (COP tn) 1Q-2014- 1Q-2013 1.6 -0.1 15.7 14.8 -0.9 Revenues 0.4 +0.9 (+) 1Q-2013 Price Volumes FX Others 1Q-2014 8.0 Variable 6.7 -0.5 0.6 0.6 0.6 (-) costs +1.3 1Q-2013 Price Transport cost…
  9. FINANCIAL & OPERATIONAL RESULTS 1st Quarter 2014 – Ecopetrol S.A. – slide 9
    Key Financial Results (COP tn) 1Q-2014/1Q-2013 7.75 7.70 Ebitda -0.05 1Q-2013 1Q-2014 5.3 4.9 Pre-Tax Income -0.4 1Q-2013 1Q-2014 34.0% 34.5% Income Tax 1.8 1.7 -0.1 1Q-2013 1Q-2014 Net Income 3.5 3.2 -0.3…
  10. FINANCIAL & OPERATIONAL RESULTS 1st Quarter 2014 – Ecopetrol S.A. – slide 10
    Cash Flow (COP tn) Initial Final (Jan 1/14) Sources Uses (Mar 31/14) 0.3 0.2 0.1 21.2 11.4 15.5 3.1 1.3 5.1 5.3 Initial Cash Operations Other FX Diff Debt Cash Operations Capex Dividends Ending Cash Available…
  11. FINANCIAL & OPERATIONAL RESULTS 1st Quarter 2014 – Ecopetrol S.A. – slide 11
    Outlook for 2Q-2014 Drilling campaign Colombia: Exploration Ecopetrol S.A.: 5 wild cats, 3 appraisals Subsidiaries: 1 wild cat International: 3 wild cats in US GoM Storage capacity increase in Chichimene Production Start of…
  12. FINANCIAL & OPERATIONAL RESULTS 1st Quarter 2014 – Ecopetrol S.A. – slide 12
    Q&A 13
  13. FINANCIAL & OPERATIONAL RESULTS 1st Quarter 2014 – Ecopetrol S.A. – slide 13
    Investor Relations Phone (+ 571) 234 5190 Email investorsecopetrol.com.co Website www.ecopetrol.com.co 14 14
  14. FINANCIAL & OPERATIONAL RESULTS 1st Quarter 2014 – Ecopetrol S.A. – slide 14
    Ecopetrol S.A. All rights reserved. The re production of this presentation is forbidden without the written authorization of Ecopetrol S.A.

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