Promigas S A E S P : QUARTERLY R​ESULTS PRESENTATION PROMIGAS Q1-2022​

PROMIGAS

RESULTS

1Q 2022

DISCLAIMER

Promigas, S.A., E.S.P. ("Promigas") is a securities issuer in Colombia, registered in the National Registry of Securities and Issuers. Considering the foregoing, it is subject to compliance with the securities regulations applicable in Colombia, in addition, it has committed itself as an issuer with IR Recognition from the BVC, and has adopted high standards of corporate governance, risk management and criteria to identify, manage and disclose conflicts of interest, also applicable to its related companies.

Promigas is governed mainly by Law 142 of 1994, which establishes the Residential Public Utilities Regime, CREG Resolution 071 of 1999, which establishes the Single Natural Gas Transportation Regulation (RUT) in Colombia, the regulations that they are modified by the regulation of the sector, the concession contracts in force, its statutes and other provisions contained in the Code of Commerce.

The separate financial statements have been prepared in accordance with the Accounting and Financial Information Standards accepted in Colombia (NCIF), established in Law 1314 of 2009, regulated by the Sole Regulatory Decree 2420 of 2015 modified by Decrees 2496 of 2015, 2131 of 2016, 2170 of 2017, 2483 of 2018, 2270 of 2019, 1432 of 2020 and 938 of 2021. The NCIF applicable in 2021 are based on the International Financial Reporting Standards (IFRS) together with their interpretations, issued by the Council of International Accounting Standards (International Accounting Standards Board - IASB); the basic standards correspond to those officially translated into Spanish and issued by the IASB in the second half of 2020. The company adopted the alternative that allowed Decree 1311 of October 20, 2021, to recognize accounting with a charge to accumulated results in equity and only for the year 2021, the variation in the deferred income tax derived from the increase in the income tax rate, as established in the Social Investment Law 2155.

These separate financial statements were prepared to comply with the legal provisions to which the Company is subject to as an independent legal entity, do not include the necessary adjustments or eliminations for the presentation of the consolidated financial situation and the consolidated comprehensive results of the Company and its subordinates. Therefore, the separate financial statements must be read together with the consolidated financial statements of Promigas S.A. E.S.P. and its subordinates. For legal purposes in Colombia, the main financial statements are the separate financial statements.

This report may include forward-looking statements. In some cases, you will be able to identify these forward-looking statements by words such as "may", "will", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", " potential" or "continue" or the opposite of these and other comparable words. Results may vary materially from those included in this report as a result of changes in current circumstances in general, economic and business conditions, changes in interest rates and exchange rates and other risks described from time to time in our filings in the National Registry of Securities and Issuers.

The recipients of this document are responsible for the evaluation and use of the information provided by this means. The matters described in this presentation and our knowledge of them may change extensively and materially over time, however we expressly state that we will not be under any obligation to revise, update or correct the information provided in this report, including any forward-looking statements, and that we do not intend to provide any updates for such material events prior to our next earnings release.

The content of this document and the figures included in this document are intended to provide a summary of the topics covered rather than a complete description.

RELEVANT FACTS

1Q 2022

Consolidated results of the period
Ebitda: COP $636,215 MM	39% 1Q-2021 - 1Q-2022
Net Income: COP $365,233 MM	35% 1Q-2021 - 1Q-2022

Natural gas transmission

In February 2022, the carriers presented the tariff files to the Regulatory Commission to update the regulated charges for the next five-year period.

Natural gas and electric power distribution

5.98MM clients beneficiated

74% in Colombia and 26% in Perú

Energy Solutions

Total capacity: 40,8MW

O&M: 45 MW

67% 1Q-2021 - 1Q-2022

Solar: 25.5 MW

Auto/co-generation: 15.3 MW

Brilla

Day without VAT

Total sales: COP $3,020 MM

Placement: 137% above average daily sales in 2022

Hydrogen Pilots

On March 18, our first pilot to produce green hydrogen and injection into the natural gas network began operating.

Promigas included in the S&P Global Sustainabilty Yearbook 2022

S&P Global presented its Sustainability Yearbook for 2022, where we obtained 83 points in environment and an overall score of 73 (+10 points).

Promigas Ordinary Shareholder Meeting and dividends It had an asistance of 92.4% of the subscribed shares and the Profit Distribution Project was approved (+12% vs 2021).

OPERATIONAL RESULTS OF THE PERIOD BY BUSINESS

Accumulated to march 2022

TRANSMISSION OF GAS, LNG AND SERVICES

NATURAL

GAS

LNG

INDUSTRY SOLUTIONS

Gaspipeline

Network

3,288 KM

0%

Regasification Capacity

400 MMCFD

0%

Gas Treatment Capacity

35 MMCFD

0%

Transportation Capacity

1,153 MMCFD

0%

Volume

Regasified

21 MMCF

-93%

Hocol

Availability

100%

3%

Volume Transported

465 MMCFD

2%

Days

Regasified

1

-92%

Construction of gas pipelines

13 KM

Contracted

Capacity

867MMCFD

0%

Average Regasification

21 MMCFD

-18%

Gas pipeline maintenance

2,756 KM

0%

Compliance with budgeted income despite high water contributions and low market prices.

Availability of local gas in spot at lower prices vs. LNG and in volumes necessary to meet daily electricity dispatches generated low need for regasification.

We remain committed to our security and service continuity indicators with results in line with expectations.

Variations ( ) correspond to 2022 vs 2021 MM: Millons

OPERATIONAL RESULTS OF THE PERIOD BY BUSINESS

Accumulated to march 2022

NATURAL

GAS

ELECTRIC

POWER

DISTRIBUTION OF GAS AND

ELECTRIC POWER

		Colombia	Perú	Total
	Users	4.00 MM	1.55 MM	5.56 MM
	4%		26%			9%
	Towns	892		63			955
	served	1%		11%			2%
	Networks	50,797 KM	18,144 KM	68,942 KM
	laid	1%		17%			5%
	Gas sold	988 Mm3	1.932 Mm3	2.920 Mm3
	2%		0,4%			1%
Accumulated users		Losses			Networks laid
426,867	3%		14.5%			28,685 KM
Energy demand		14%			2%
252 GWh	2%

NON-BANK FINANCING

	Users		Portfolio		Placement
NON-BANK	761 K		$1.43 BN		$242,491 MM
FINANCING			29%		1%

ENERGY SOLUTIONS

	Installed capacity	O&M	Enegry sales
	40.8 MW	45 MW	9.6 GWh
ENERGY	Solar: 25.5 MW		Solar: 4.4 MW
Auto/		Auto/
SOLUTIONS
co-generation:15.3 MW		co-generation:5.2 MW

Variations ( ) correspond to 2022 vs 2021 MM: Millons