Ecopetrol (EC) Investor presentation summary

Business overview and strategic positioning

• Leading integrated energy and infrastructure group in Latin America with operations in 15 countries and over 19,000 employees.

• Largest hydrocarbons operator in Colombia across upstream, midstream, and downstream segments.

• Significant presence in energy transmission, toll roads, and telecom through strategic investments.

• Committed to sustainable energy development and energy transition initiatives.

Financial performance and capital management

• Maintained strong financial performance with consolidated EBITDA margin at 44% in 1H 2024.

• Total consolidated debt reached $27.7 billion as of June 2024.

• Dividend distribution in 2024 totaled COP 12.8 trillion, with ordinary and extraordinary dividends paid.

• FEPC settlement improved liquidity, supporting investment flexibility.

Investment and growth strategy

• 2024 investment plan targets COP 23–27 trillion, focusing on profitable oil and gas production and energy transition.

• Strategic acquisition of 51.4% of ISA for $3.67 billion, expanding into electric power transmission and toll roads.

• Capital allocation by 2040: 60% hydrocarbons, 40% low-emission businesses.