PROMIGAS S.A. E.S.P. RESULTS
Q1 2023
DISCLAIMER
Promigas S.A., E. S. P. ("Promigas") is a Colombian securities issuer listed in the National Registry of Securities and Issuers. As such, it is required to comply with applicable Colombian securities regulations. It has additionally made commitments as an issuer with IR recognition from BVC, and has adopted high standards of corporate governance, risk management and criteria to identify, manage and disclose conflicts of interest, which also apply to its related companies.
Promigas is primarily governed by Law 142/1994, which establishes the Regime for Household Utility Services; CREG Resolution 071/1999, which establishes the Unified Transmission Regulation of Natural Gas (RUT, for the Spanish original) in Colombia, including their amendments; regulations of the sector; current concession contracts; the company bylaws and other provisions contained in the Code of Commerce.
The Separate Financial Statements have been prepared in accordance with Colombia's Generally Accepted Accounting and Financial Reporting Standards (NCIF, for the Spanish original), as set out in Law 1314/2009, regulated by Single Regulatory Decree 2420/2015, and as amended by
Decrees 2496/2015, 2131/2016, 2170/2017, 2483/2018, 2270/2019,1432/2020 and 938/2021. The applicable NCIF's in 2021 are based on the International Financial Reporting Standards (IFRS), including their interpretations, issued by the International Accounting Standards Board (IASB). The underlying standards are the Spanish translations officially issued by the IASB in the second half of 2020. The Company used the option allowed by Decree 1311/October 20, 2021, of recognizing the change in deferred income tax arising from the increase in the income tax rate established in Social Investment Law 2155 in retained earnings under equity, and only for the 2021 period.
These Separate Financial Statements were prepared in compliance with the legal provisions that apply to the Company as an independent legal entity, and they do not include the adjustments and eliminations required for the presentation of the consolidated financial position and the consolidated comprehensive income of the Company and its subsidiaries. Consequently, the Separate Financial Statements must be read in combination with the Consolidated Financial Statements of Promigas S.A. E.S.P. and its subsidiaries. For legal effects in Colombia, the main financial statements are the Separate Financial Statements.
This report may include forward-looking statements. In some cases, such forward- looking statements will be indicated by using terms such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue," or their antonyms, and comparable terms. The results may differ materially from those included in this report due to changes in the current circumstances in general, in the economic and business conditions, in the interest and exchange rates, and other risks described from time to time in our filings with the National Registry of Securities and Issuers.
The users of this document are responsible for the assessment and use of the information provided herein. The matters described in this presentation and our understanding thereof may change substantially and materially over time; however, we expressly declare that we will not be under any obligation to revise, update or correct the information provided in this report, including the forward-looking statements, and we do not intend to provide any updates on such material events before the next results report.
The contents and figures of this document are intended to provide a summary of the topics described, rather than a detailed description.
RELEVANT RESULTS 1Q 2023
On the path of maximizing the value of our assets and deepening our social footprint
GROWTH FOR THE FUTURE
HIGH IMPACT SOCIAL FOOTPRINT
Natural gas transmission
In our core bussinesses
Contracted capacity
878 MMCFD Q1 2023
Δ1.4% vs. Q1 2022 (866 MMCFD)
Regasification volume
254 MMCF Q1 2023
Δ1,110% vs. Q1 2022 (21 MMCF)
New gas users in Colombia and Peru
21,325 41,996 34,065
SEL1 | SEL 2 | SEL 3 |
113,734 Gas: 111,387
Natural gas distribution and E.P
Users | Gas | ||
connected | sales | ||
6.45 MM Q1 2023 | 2,933 Mm3 Q1 2023 | ||
Δ7.8% vs. Q1 2022 (5.99 MM) | Δ0.4% vs. Q1 2022 (2,922 Mm3) |
Low emissions portfolio
Energy sales
149 GWh Q1 2023
Δ3.5% vs. Q1 2022 (144 GWh)
Electric power: 2,347
New users as of Q1 2023
1,024 Populations connected to the gas and electric power service as of Q1 2023 in Colombia and Peru (Δ7.2% vs. Q1 2022)
Brilla placement Q1 2023 vs Q1 2022
SSEE
Contracted capacity
44.4 MW*Q12023
Δ74% vs. Q1 2022 (25.5 MW)
Energy sales
6.7 GWh* Q12023
Δ50% vs. Q1 2022 (4.4 GWh)
45% | 35% | 14% | ||
SEL 1 | SEL 2 | SEL 3 |
*Only solar PV
DISCIPLINE AND OPERATIONAL EXCELLENCE
100% Operational Continuity Index
-0.03% Lowest corporate transportation losses in the last 8 years 1,451 Ton CO2 Abated as of 1Q 2023
DISCIPLINE IN CAPITAL ALLOCATION
Implementation of an important project of 54 initiatives to improve business efficiency and productivity.
571% vs. Q1 2022 Low emission business CAPEX
80% CAPEX execution as of Q1 2023
CORE BUSINESSES
Q1 2023
TRANSMISSION | INFRASTRUCTURE AT THE SERVICE OF THE | ||
SERVICES | COUNTRY'S ENERGY GRID, CONTRIBUTING | ||
RELIABILITY AND SAFETY | |||
NATURAL GAS | INDUSTRIAL SOLUTIONS | ||
3,289 KM | 35 MMCFD | ||
Gas pipeline | |||
Gas treatment | |||
1,153 MMCFD | capacity | ||
Total capacity | 2,752 KM | ||
456 MMCFD | Gas pipeline | ||
Transported volume | maintenance |
46% of the total natural gas transported in Colombia
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Disclaimer
Promigas SA ESP published this content on 05 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 June 2023 15:22:04 UTC.
