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 Transportation 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 in retained earnings under equity, and only for the 2021 period, the change in deferred income tax arising from the increase in the income tax rate established in Social Investment Law 2155.

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 principal 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 of revising, updating or correcting 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.

NEW USERS 2022: POSITIVELY IMPACTING MORE THAN 1,500,000 PEOPLE IN COLOMBIA AND PERU

In total: 21.3 million people benefited in 1,017 populations in Colombia and Perú

467,575

New users 2022

Residential, industrial and comercial

NATURAL GAS ELECTRIC POWER

453,344

14,231

5

58,606 40,843 28,671

SEL 1 SEL 2

36,517 124,550 104,457

SEL 1

SEL: Social Economic Level

22

SEL 3

New populations in 2022

SEL 2

SEL 3

New populations in 2022

NATURAL GAS AND ITS IMPACT ON SUSTAINABILITY

MITIGATING ENERGY POVERTY

SAVINGS

It contributes to lighten household spending via prices, raises well-being and reduces monetary poverty.

WOOD REPLACEMENT

245,223

New users (929.000 personas)

ENVIRONMENT

SAVINGS 2022

MONTH X USER: $52,000

LPG SUBSTITUTION

114,000

New users (396,000 personas)

SAVINGS 2022

MONTH X USER: $23,000 Perú y $54,000 Col

Plays a key role in the path of Decarbonization: Reduces tree felling, time poverty for women and mitigates air pollution

Between 30%-50%

Less GHG emissionsThe generation of electric power with natural gas produces 50% less GHG than coal

A vehicle powered by gas emits 30% fewer grams of CO2/GigaJules compared to diesel

HEALTH

Reduces energy poverty, reducing energy deprivation, promoting healthy housing and improving people's health.

BRILLA: NON-BANK FINANCING

Providing access and opportunities with 472,000 loans granted in 2022

ACCUMULATED RESULTS

COMMERCIAL

775 K

Users with Brilla loans at 4Q 2022

Great example of inclusive business for a low income, vulnerable population traditionally excluded from the benefits of development.

5 Million

Loans granted since the start of the program

EBITDA BRILLA

EBITDA growth of

COP $33,689 MM vs. 2021

COP $1.67 Bn

Brilla accounts receivable

Var. 23%

3.3%

ICV +90

208,074

174,385

COP $1.02 Bn

Brilla placements

Var. 6%

95%

COP $970,299 MM

Estrato 1, 2 y 3

19%

2021

2022

RELEVANT ASPECTS

  • • Promigas received recognition as an Inspiring Company from ANDI thanks to Brilla, its inclusive non-bank financing business.

  • • Digital Transformation: Launch of the Brilla App for franchised companies, evolving the way we relate to our customers.

  • • Launch of the CEO insurance and assistance business, diversifying the portfolio of services offered to users in the area.

  • • Main uses of loans: 24% construction materials, 44% household, 9% computers and education and 16% mobility.

Attachments

Disclaimer

Promigas SA ESP published this content on 29 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 March 2023 13:05:11 UTC.