presentación de powerpoint - promigas · and safety and iso 14001 on environmental matters. t ra n...

C O R P O R AT E R E V I E W

R E S U M E N C O R P O R AT I VO

ENERGY THAT B OOSTS WELLB EI NG

We will be recognized for our superior ability to develop energy markets in Colombia and Latin America, and for the impact our actions have on improving the quality of life of its people.

We are one of the oldest private companies in the Latin American gas sector, and ever since our operations commenced, more than 40 years ago, we have played an active and important role in making this fuel available on a mass scale in Colombia.

APPROXIMATELY

7,9 MILLION COLOMBIANS CURRENTLY ENJOY THIS SERVICE.

We develop energy markets in Colombia and Latin America both directly and through our strategic transportation and distribution business groups (GEN), the former consisting of organizations which transport natural gas, offer integrated industry solutions and electricity generation and an LNG regasification terminal, and the latter consisting of natural gas utilities, an electricity utility and a non-bank financing business.

D I S T R I B U T I O N B U S I N E S S G R O U P

ELECTRICITY DISTRIBUTION

NATURAL GAS DISTRIBUTION

NON-BANK FINANCING

T R A N S P O R TAT I O N B U S I N E S S G R O U P

NATURAL GAS TRANSPORTATION

INTEGRATED SOLUTIONS FOR INDUSTRY AND ENERGY GENERATION

LNG





LNG



NON-BANK FINANCING

47 % of Colombia’s natural gas

2,900 km of gas pipelines belonging to us and to our carriers

We provide services for hydrocarbon producers and major industries, including natural gas compression and dehydration, the construction of gas pipelines and interconnection lines, and energy solutions such as generation, co-generation and auto-generation.

W E T R A N S P O R T

We operate and maintain approximately 25,000 km of electricity distribution networks, which supply around 335,000 users in 38 towns in the southern part of Colombia.

We have had a share in the natural gas market for vehicles for more than 24 years. We were a pioneer in this field, and we continue to look for new growth opportunities.

N AT U R A L G A S

We recently entered the LNG business with our subsidiary, Sociedad Portuaria El Cayao (SPEC), which will process more than 400 MMscfd at a floating regasification terminal anchored to a port on Cartagena Bay. This will be the first terminal of its kind in the country.

In Colombia, over

3 millones users

40 % of the domestic market

11,5 millones beneficiaries

In Peru

345,000 users

In Colombia, we distribute natural gas to over three million users, in other words to 40% of the domestic market (11.5 million beneficiaries), while in Peru we distribute to over 345,000 users through our share in Cálidda, the natural gas utility for in the city of Lima and Callao. We are also continuing to expand in this country through our subsidiary Gases del Pacífico, and we will reach 150,000 users in the north of the country in the next five years.





LNG



NON-BANK FINANCING

We also have AAA ratings for issues in Colombia and a BBB- international rating for local and foreign currency IDRs. Additionally, we hold ISO 9001 quality system certificates, plus OHSAS 18001 for occupational health and safety and ISO 14001 on environmental matters.





LNG



NON-BANK FINANCING

18 companies, 3,100 employees, Colombia, Peru

D I S T R I B U T I O N B U S I N E S S G R O U P 2

2,693 USD 721 USD 786 Employees million million



NON-BANK FINANCING

Surtigas Gases de Occidente Gases del Caribe

Efigas

Gases de La Guajira Cálidda

Gases del Pacífico Versa

Compañía Energética de

Occidente

Brilla

Income 1 Assets 1

1 Figures before eliminations; Income includes financial assets and equity method + dividends.



INTEGRATED SOLUTIONS LNG FOR INDUSTRY AND

ENERGY GENERATION

LNG

439 USD 395 USD 1,787 Employees Million Million

Promigas Promioriente Transmetano

Transoccidente

Promisol Enercolsa Zonagen

Sociedad Portuaria El

Cayao -SPEC-

Income 1 Assets 1

D I S T R I B U T I O N B U S I N E S S G R O U P 2

2,693 USD 721 USD 786 Employees million Million



NON-BANK FINANCING

Surtigas Gases de Occidente Gases del Caribe

Efigas

Gases de La Guajira Cálidda

Gases del Pacífico Versa

Compañía Energética de

Occidente

Brilla

Income 1 Assets 1

2 Distribution GEN figures do not include companies that are not consolidated: Gases del Caribe (Efigas and Gases de La Guajira) and Cálidda.

Transportation Business Group

L N G

I N T E G R AT E D S O LU T I O N S F O R I N D U S T R Y A N D E L E C T R I C I T Y G E N E R AT I O N

N AT U R A L G A S T R A N S P O R TAT I O N

In conjunction with our carriers, we transport 47% of Colombia’s natural gas.

Promigas Transmetano Promioriente Transoccidente

Gas pipeline length (km) 2,367 189 333 11

Volume transported (MMscfd) 331.4 51 52* 50

Maximum capacity (MMscfd) 594 64 86** 74

Effective Promigas share (%) 99.67 73.27 68.99

* Volume transported Gibraltar – Bucaramanga: 28 MMscfd. Volume transported Barrancabermeja -Payoa - Bucaramanga: 24 MMscfd.

** Maximum capacity Gibraltar – Bucaramanga: 49.9 MMscfd. Maximum capacity Barrancabermeja - Payoa - Bucaramanga: 36.2 MMscfd.

GAS PIPELINE: 2,900 km CAPACITY: 813 MMscfd CUSTOMERS: 31 IN DIFFERENT PARTS OF THE COUNTRY

L N G



Promisol offers agents in the hydrocarbons chain and other industrial sectors reliable, competitive, integrated solutions in the form of energy services, hydrocarbon treatment and infrastructure services.

DEHYDRATION CAPACITY: OVER 650 MMscfd INSTALLED COMPRESSION CAPACITY: 24,000 hp CO-GENERATION PLANTS: CAPACITY OVER 60 MW


L N G


N AT U R A L G A S T R A N S P O R TAT I O N The priority at this LNG regasification terminal will be to receive the

liquid natural gas that is imported by the principal thermoelectric power generators on the Caribbean coast, in order to guarantee that this fuel is available at times of peak demand.

APPROXIMATE INVESTMENT: USD 142 MILLION REGASIFICATION CAPACITY: 400 MMscfd OPERATION COMMENCEMENT DATE: DECEMBER 2016


L N G



I N 2 0 1 5 :

100% gas transportation service reliability

and continuity index.

193 km expansion of Promigas’ transportation

system in the Caribbean region in order to

increase capacity and thus enable the gas

supply from the fields in the southern part of

this region to be incorporated into the National

Transportation System. The total investment in

this pipeline is USD 43 million.

Promisol purchased 49% of Enercolsa shares

(it has held 51% since 2012), with a view

to continuing to strengthen its electricity

generation business.

The Promigas Metrology Laboratory has been

in existence for 15 years. It is accredited

by the National Accreditation Organization,

ONAC, and since 2014 all service certifications

it issues with respect to its calibrations have

been internationally recognized.

Promigas declared its greenhouse-effect

gas inventory for 2013, and this was

certified by ICONTEC. The 2014 and 2015

inventories are currently in the process of

being certified, with a view to establishing

reduction targets with respect to the base

year. The environmental investment figure

for Promigas and its associated companies

was USD 2 million.


Distribution Business Group

N O N - B A N K F I N A N C I N G

E L E C T R I C I T Y D I S T R I B U T I O N

N AT U R A L G A S D I S T R I B U T I O N

3.45 million users (40% of the total users in the country) and a total of 650 towns served by our distribution companies in Colombia. Gas sales: 8,525 million m3. Gases del Pacífico: natural gas utility in northern Peru where the necessary activities are being carried out to enable commercial operation to commence.

Accumulated

users

Number of towns

Potential Market

Coverage (%)

GdO 1,009,143 219 1,329,698 81

Surtigas 657,925 152 674,957 96

Gases del Caribe 861,142 189 984,341 89

Efigas 481,914 32 639,454 79

Gases de La Guajira 99,076 58 127,156 83

Cálidda 345,137 18 2,048,574 55

IN PERU NUMBER OF USERS WHO WILL BE CONNECTED: 150,000 LOCATIONS: TRUJILLO, PACASMAYO, CHIMBOTE, HUARAZ, CHICLAYO, LAMBAYEQUE AND CAJAMARCA INVESTMENTS MADE IN 2015: USD 15 MILLION




Compañía Energética de Occidente provides services in department of Cauca, in the south western part of Colombia.

ACCUMULATED USERS: 334,291

ENERGY DEMAND: 569 GWh

LINES INSTALLED: 25,189 km





Non-bank financing model through distribution companies related to Promigas, the purpose of which is to contribute to the wellbeing of users at the base of the pyramid by offering them access to credit for improving their quality of life.

LOANS: USD 553 MILLION

NUMBER OF BENEFICIARY USERS: 1.6 MILLION

PORTFOLIO: USD 137 MILLION

Brilla





I N 2 0 1 5 :

234,847 new natural gas users were connected

in Colombia and 90,000 in Peru during the year.

Surtigas was recognized as the best public

utility company in its region, with a 94%

satisfaction rating in a survey which evaluated

such things as knowledge, favorability and

trust..

Gases de Occidente is the best public

utility company in the city of Cali,

having obtained the highest ratings

over a period of more than 10 years.

Compañía Energética de Occidente

energy sales rose by 9.42% and its

loss indicator fell by 6.17%, 4.99 points

below the figure stipulated in the

contract.

Brilla expanded both its range of

services, with new insurance products

and education loans, and its coverage,

when the program was introduced for

Compañía Energética de Occidente

customers.


Comprehensive development

Knowledge management

Strengthening the organizational climate

Economic performance

Development of new business

Legal and regulatory management

Development of competitive solutions

Customer service quality

Service continuity and integrity

Sustainable supplier management

Contributing to the quality of education

Promoting local development

Caring for biodiversity

Climate change

Management of resources and waste

Safety in all processes Our management model includes good

practices and the various worldwide sustainable management standards that exist today, and it takes into account the expectations of our interest groups. It consists of four fundamental areas that guide our actions in terms of approach and implementation, all linked to strategy, issues that are relevant to our field of activity, measurement, and communication at corporate level.

Comprehensive development

Knowledge management

Strengthening the organizational climate

Economic performance

Development of new business

Legal and regulatory management

Development of competitive solutions

Customer service quality

Service continuity and integrity

Sustainable supplier management

Contributing to the quality of education

Promoting local development

Caring for biodiversity

Climate change

Management of resources and waste

Safety in all processes

CORPORATE POLICY

HUMAN RIGHTS

CORPORATE GOVERNANCE

STAKEHOLDER ENGAGEMENT

GESTIÓN DEL RIESGO

Approach

C O R P O R A T E P O L I C Y

HUMAN RIGHTS

CORPORATE GOVERNANCE

STAKEHOLDER ENGAGEMENT

GESTIÓN DEL RIESGO

To strengthen the overall

development of our personnel and our corporate culture

To grow in a profitable and sustainable manner, in line with our shareholders’ expectations

To strengthen the value proposition for our customers

To optimize productivity and guide the organization towards levels of operational excellence

To strengthen management with suppliers and contractors

To strengthen relations with

the community

To guarantee a safe

operation

To ensure an environmentally

responsible operation

Implementation

We contribute to improving the quality of life in the regions where we operate, through social management practices. We work hand-in-hand with our strategic partners and allies in our commitment to quality education for life as a means of boosting not only human development but also that of society.

Promigas and UNDP have carried out a program aimed at strengthening local disaster risk management capabilities in Magdalena and La Guajira provinces, in northern Colombia. This has been an opportunity to contribute to disaster risk management processes from the regional planning side.

Promigas and its associated companies have made a social investment of USD 4 million.

The foundation won the prestigious Portafolio award in the ‘Contribution to the Community’ category for its focus on projecting new ways for volunteers to act in the country in the field of education.

Present in 80 towns and locations throughout the country.

Has influenced the learning experience of 258,613 students.

Has directly assisted 634 education establishments and 3,220 teachers and managers.

The following have benefited from beinglicensed to use its approaches to work: - 291 education establishments. - 2606 teachers and managers. - 100 000 students.

Promigas is a long-term investor with a high level of social conscience and a strategic partner for developing energy markets.

Experience in natural gas regulation.

Coordination of strategies with the government in order to increase gas service Coverage Coordination of strategies with the government in order to increase gas service coverage (mass provision of services, cross-subsidies, regional gas pipelines, etc.).

Experience in dealing with users in adverse economic conditions, with resulting improvement in living conditions for marginal population groups.

Development of energy efficiency programs in conjunction with industry, in order to Improve competitiveness.

Pioneers in the use of natural gas for vehicles in Colombia.

Development of new market niches in order to increase natural gas service coverage.

Development of business with people at the base of the pyramid. For example,

non-bank financing (Brilla)

for persons without access to banking.

Figures in millions of USD 2011 2012 2013 2014 2015 (2)

Assets 1,844 2,378 2,337 2,057 2,259

Liabilities 1,180 1,532 1,509 1,346 1,410

Equity 664 846 828 711 849

G E N E R A L B A L A N C E S H E E T 1 1

(1) Consolidated figures Col GAAP stated in dollars at year-end representative market exchange rate for each year. (2) Consolidated IFRS figures expressed in dollars at the official exchange rate at the end of 2015.

Figures in millions of USD 2011 2012 2013 2014 2015 (3)

Income 722 904 1,007 995 930 (4)

Costs 487 643 658 639 617

Operating Expenses 92 111 102 107 92

Ebitda (2) 204 235 293 306 276 (4)

Net Profit 101 133 236 184 174

P R O F I T A N D L O S S S T A T E M E N T 2 1

(1) Consolidated figures Col GAAP stated in dollars at year-end representative market exchange rate for each year. (2) EBITDA: Earnings before Interest, Taxes, Depreciation and Amortization. (3) Consolidated IFRS figures expressed in dollars at the 2015 average official exchange rate. (4) Does not include financial assets or equity method + dividends.

Figures in millions of USD Income Ebitda Net Profit

Transportation Business Group 248 162 132

Distribution Business Group 682 114 42

Total 930 276 174

B U S I N E S S I N D I C A T O R S 2 0 1 5

Number of inhabitants Number of inhabitants Extreme poverty percentage

48,203,405 27,8 % 7,9 %

Current legal minimum salary

Inflation Unemployment Exchange rate (annual average per dollar)

USD 235 6,77 % 8,9 % $2,743

GDP (billions) Per capita GDP GDP growth

USD 297 USD 6,165 3,1

FTD rate Average FTD rate Total imports

5,22 % 4,55 % USD 51,598

Total exports

million FOB

USD 35,691

Sources: DANE, Banrep, Ministry of Mines and Energy, Ecopetrol, FocusEconomics. million FOB

The mass use of natural gas in Colombia began in the 1980s as the result of a joint initiative by government and private enterprise, and their continual work has made gas the preferred fuel in the country’s homes and industries. Promigas has been present throughout this successful process, has played an active role in it, and has enjoyed the satisfaction of being part of the social revolution that the mass use of this fuel has brought about.

Year Users (thousands)

1983 36

1987 187

1991 373

1995 925

2000 2,100

2005 3,800

2010 5,700

2015 7,901

E V O L U T I O N I N N U M B E R O F N A T U R A L G A S U S E R S

Natural gas continues to be a vitally important fuel in Colombia, especially in terms of industrial and domestic sector consumption, which remains stable. It is also used by thermoelectric power companies to meet peaks in demand.

Proven reserves (Tcf) 4.7

Production capacity (MMscfd) 1,078

Consumption, Colombia (MMscfd) 1,031

Transportation

Kilometers of gas pipeline 7,684

Distribution

Users 7,901,990

Towns served 697*

Vehicles converted to vehicular natural gas

538,213

Consumption (MMscfd)

Domestic 199,5

Industry 241,4

Natural gas for vehicles 87,4

Petrochemical 17,4

Refining 115,2

Thermoelectric 325,1

Other 44,6

* As per new Ministry of Mines and Energy methodology Source: Naturgas, 2015 indicators and Concentra, Consolidated Natural Gas Figures in Colombia, 2015.

W W W. P R O M I G A S . C O M

Calle 66 # 67 - 123 C P: 0800002 Barranquilla, Colombia

Phone: (57-5) 371 3444 / 371 3555 E-mail: [email protected]

presentación de powerpoint - promigas · and safety and iso 14001 on environmental matters. t ra n...

Documents