Investor Presentaiton
1 New avenues for growth in the energy value chain
Ecopetrol's strategic investment in ISA
ecoPETROL
GROUP
isa
CONEXIONES QUE INSPIRAN
Acquisition of 51.4% of ISA
August 20th, 2021
isa
CONEXIONES QUE INSPIRAN
ecoPETROL
Electric Power
Transmission
GROUP
Transaction size:
US$3.67 BN (1)
Transformational step in the development of the strategy of
energy transition, decarbonization and diversification of the
business
Positions Ecopetrol as a key player in the electricity business, with
prospects for future growth
Transmission networks will play a key role in the energy transition in
LatAm through the integration of renewables and by improving the
systems' reliability
Sustainable growth: new avenues of organic and inorganic growth in
LatAm
The creation of the Electric Power Transmission and Toll Roads
Business segment generated:
7 power transmission projects, 1 battery project, and 76
expansions and reinforcements
ā A COP$1,375,715 MM increase in revenues from other services
in 3Q'23
Operations in 6
countries in South
and Central America
Toll Roads
Concessions
50 subsidiaries
11 joint ventures
1 associate
? Telecom
Acquisition Loan Refinancing (2)
As of March 31st, 2023, Ecopetrol had refinanced
100% (US$3.67 BN) of the Acquisition Loan used
to acquire ISA, via:
US$2.0 BN
USD Bond issuance +
October 2021
US$1.2 BN
USD Loan
September 2022
US$472 MM
US$2.0 BN Bond
issuance January 2023(3)
Source: 2022 20-F form, Prospectus Supplement
(1) US$ converted using an FX rate of 3,876.08 COP/US$ as of 8/20/2021
(2) Figures based on Capitalization information from the Preliminary Prospectus Supplement
(3) Only US$472mm of the total 2033 bond proceeds were used to repay the outstanding loan balanceView entire presentation