Ecopetrol S.A.

and operational results for the second quarter of 2023. There will be a question and answers session at the end of the presentation. Before we begin, it's important to mention that the comments in this call by Ecopetrol Senior Management include projections of the company's future performance. These projections do not constitute any commitment as to future results. nor do they take into account risks or uncertainties that could materialize. As a result, Ecopetrol assumes no responsibility in the event that future results are different from the projections shared on this conference call. The call will be led by Mr. Ricardo Roa. CEO of Ecopetrol, Diana Escobar, Vice President of Sustainability Development, Jamie Baez, Vice President of Low Emissions Solutions, Alberto Consuegra, COO, and Jaime Caballero, CDO. Thank you for your attention. Mr. Roa, you may begin your conference.

Good morning, everyone, and welcome to the Ecopetrol Group's second quarter 2023 conference call. to present our operational and financial results. We appreciate your participation. First, I would like to highlight the dedication of our entire team, which has allowed us to achieve outstanding operating results in such a challenging market environment. Second quarter production averaged 728,000 barrels of oil equivalent per day with a yearly increase of 23,000 barrels versus the second quarter of 2022 and the highest quarterly figure in the last three years. This dynamism is a result of the strongest execution of our operation and increased production from strategic fields including Canyonsur and Rubiales in Colombia and Permian in the United States. These fields have played a crucial role in supporting our growth, allowing us to meet our production targets for the year today. In the second quarter of this year, we recorded revenues of $54.3 trillion EBITDA, of 14.6 trillion pesos and net incomes of 4.1 trillion pesos. These figures are consistent with the 2023 financial plan. These results are supported by, firstly, an enhanced operating performance through record in production, pumping lots, in some of our transportation systems and refining throughputs and clean fuel production loads in our refineries. Secondly, the exceptional results in Permian, Reficar, ISA and Ecopetrol trade in Asia. Thirdly, a positive impact of the exchange rate on sales and an efficient commercial strategy. During the second quarter, we reached the following significant strategy milestones. In May, we completed negotiations on the collective bargaining agreement for the next four years. Negotiations took place within a constructive and respectful dialogue with union organizations. finalizing with an agreement that will concurrently benefit our workers, the company, and the country. In June, the Refinería de Cartagena was notified of the International Arbitration Tribunal's decision regarding to the claim filed on the engineering procurement and construction contract for the expansion and modernization of the refinery. The arbitration process began through a request filed by Reficar in March 2016 and corroborated a contractual breach. The decision notified is subject to corrections, revisions and clarifications at the request of the parties. This same month, we ranked in the top spot of the Mercotalento Colombia 2023 ranking, the business monitor of corporate reputation, ratifying Ecopetrol as the best company for attracting and retaining talent in the country. This first half of 2023, we have added more than 23 trillion pesos in transfers to the nation, to taxes, royalties, and dividends, maintaining our firm contribution to national development. On the other hand, this quarter, the account receivable to the Fuel Price Stabilization Fund had the lowest average accrual since January 2022. Finally, I would like to highlight that the cumulative capex execution to the second quarter reached 12.3 billion pesos being the highest in half-yearly view in the last seven years, demonstrating our commitment to innovation and growth. Please continue the next slide. During the first half of the year, we faced a highly uncertain macroeconomic situation. The possibility of a recession in the developed world High interest rates and banking stress in the United States, together with the slowdown in the Chinese economy, have impacted the price of crude oil and refined products, introducing greater volatility to the market. Despite these challenges, we have excelled because of our company's operational resilience and adaptability. We have found opportunities within the current situation as OPEC could have focused on intermediate goods and USA strategy reserve purchase seek out grades similar to those we offer. We have been able to exploit the opportunities with our ongoing strategy at diversified markets and destinations, emphasizing the strategy position of our trading subsidiary in Singapore. Ecopetrol trade in Asia which has sold over 85 million barrels of crude oil in the Asian market. During this quarter, crude oil sales to the Asian continent represent 54% of our exports. Ecopetrol trade in Asia also successfully translated carbon neutral to cargoes in line with the company's TESG agenda. Its EBITDA for the second quarter of 2023 reached $62.5 million, an increase of 42% over the previous quarter. In addition, the active force of the Carbon Trade Index has allowed us to commercialize 10 million barrels of accumulated carbon offset crude oil as of last July. Also, the commercialization of asphalt with recycled plastic with an export level of 350 tons and the execution of five projects in Colombia has boosted the energy transition and circular economy in the region. All the commercial performance has allowed a strength in the differential of the crude oil basket, ensuring our positioning in the market. The Co-Petrol Group continues to action its all-inclusive strategy of efficiencies and competitiveness, allowing us to uphold the company's solid operating performance despite inflationary and market challenges. We are confident in our team's ability to meet the adversities and remain committed to sustainable growth and success in this dynamic business climate. I now give the floor to Diana Escobar, Vice President of Sustainable Development, who will update you on our progress in the company's social impact.

Thank you, Ricardo. Ecopetrol's commitment to generation of social value was evidenced during this quarter through advancements in the performance of our social and environmental investment plan, which in 2023 totals 766 billion pesos, a figure equal to nearly 5% of the comparable investment by the nation's general budget. I would like to underscore the most relevant achievements during this past quarter. We highlight the start of the second phase of the META Food Supply Network Program in partnership with the Food and Agriculture Organization of the United Nations. Over the next three years, This program should positively impact 3,000 farming families and 32 associations in the region, strengthening production chains and their commercial viability. Moreover, a cooperation agreement was defined with the national government and companies in the industry to pave 43 kilometers of the Puerto Gaitán to Rubiales Road, low located in the Department of Meta. With an investment of more than 240 billion pesos, this project will sponsor the agro-industrial, productive, and rural development of the Orinoquia region, enabling over 1 million hectares with agricultural development potential and generating a positive annual impact of over 2.5% on the regional GDP. We also emphasize the successful national summit of the Ecopetrol's Entrepreneurship Social Investment Program with the engagement of 1,576 entrepreneurs, micro and small enterprises from 45 municipalities that will receive benefits this year. In education, our school quality and retention programs have aided 641,000 students with which is 8% of the total enrollment in public educational institutions nationwide. Regarding the expansion of higher education coverage through the Eco Patrol graduate program this quarter, we awarded 94 new scholarship to students in rural areas, reaching a historical total of 1,761 beneficiaries to date in health care, Our mobile unit, Unidad Mobile, has assisted more than 6,500 people in seven municipalities of the Mid-Magdalena region with access to low-complexity health services, which is equal to 8% of the vulnerable population in this area. Regarding access to utilities, namely gas, water, and power supply, our social gas program certifies gas service connections for more than 5,200 new households in the departments of Atlantico, Santander, and Casanare. Concerning water supply, we highlighted the provision of 6.5 billion pesos for the construction of one public drinking water well that benefits more than 13,000 people from the Wayuu ethnic group, as a part of our commitment to provide water supply solutions in the Department of La Guajira. In access to electricity, we participated in a task force led by the Ministry of Mines and Energy, seeking to define a portfolio of initiatives that can develop into self-sustaining energy communities. Our social investment portfolio has been further strengthened with the allocation to the Ecopetrol Group of 27 new projects valued at 167 billion pesos through the Work for Taxes mechanism. Our business group has the highest participation in this mechanism, 37%. of the nationwide allocation. Finally, we would like to highlight the social dialogue processes carried out with the communities in our areas of interest. We conducted 13 dialogue processes involving more than 1,000 social actors nationwide for the participation of community action boards, academia, businesses, and local institutions. In addition, we launched the ethnic inclusiveness support program called Forming in diversity, training Wayuu and Pasto Siberia ethnic communities in La Guajira and Putumayo to strengthen their individual and organizational competencies. In this way, Through our business lines, we contribute to generate social value throughout the country, closing gaps and improving the quality of life for those most affected by social inequality. I will now turn the floor over to Jaime, who will present the key financial results for the second quarter.