Investor Presentaiton
Energy that transforms - Strategic Milestones and Objectives
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Continued Growth with Energy Transition (ET)
On average, expect to invest between
US$5.2 BN and US$6.0 BN annually by
2040
US$17.0 BN US$20.0 BN in organic
investments between 2022 and 2024
4
Operation expansion in the
Permian Basin (Texas, USA)
US$2.27 BN - US$2.66 BN to be
directed toward energy transition
projects in 2024
Reduction of ~1 MM tons of CO2
equivalent emissions between 2024
and 2026
Competitive Returns
Continuity of our strict capital discipline,
the efficient use of resources, and the
protection of cash
45% EBITDA Margin as of September 30th, 2023(1)
ecoPETROL
GROUP
Generating Value through TESG
Aim to take advantage of wind,
solar, and geothermal energy
technologies
US$1.4 BN allocated from
2022 to 2024 (without ISA)
towards projects to generate
value with sustainability and
technology
Achieve net-zero carbon
emissions (scopes 1 and 2)
and a 50% reduction in total
emissions (scopes 1, 2 and 3),
both by 2050
Cutting-Edge Knowledge
70% of personnel in reskilling by 2030
(in order to face new challenges)
US$913 MM to be allocated to technology,
environmental, social and governance factors
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Implementation of improved recovery technologies to
maximize resources and protect the production curve
against natural field decline
Source: Form 3Q'23 6-K, 2022 20-F form, Prospectus Supplement, Company Filings
Note: TESG refers to technology, environmental, social and governance.
Note: Amounts stated in U.S. dollars have been translated for the convenience of the reader at the rate of COP$4053.76 to US$1.00, which is the Representative Market Rate at September 30, 2023,
as reported and certified by the SFC
(1) EBITDA reconciliation shown in appendix; EBITDA Margin calculated as EBITDA / Revenues.
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