Citicore Energy Reit Corp · PSE:CREIT
Citicore Energy Reit — H1 2025 Earnings Presentation
28 slides from Citicore Energy Reit's earnings presentation, Aug 19, 2025
Slide 1: Company Presentation: 1H 2025 Operating and Financial Results
Company Presentation 1H 2025 Operating and Financial Results August 19, 2025
Slide 2: Disclaimer
Disclaimer This presentation was prepared solely and exclusively for discussion purposes. This presentation and/or any part thereof may not be reproduced, disclosed or used without the prior written consent of Citicore Energy REIT Corp. (the “Company”). This presentation, as well as discussions aris
Slide 3: Key Takeaways
Key Takeaways Stable revenues anchored on Strong financial position supports strong green asset portfolio future acquisitions Revenue at Php 916 Mn, EBITDA at Php 897 Mn, PhilRatings PRS Aa+ rating, Net Income at Php 688 Mn Available borrowing headroom of Php 9 Bn Consistent dividend payout at 106%
Slide 4: Contents
Contents 01 Financial Highlights 02 Green Asset Portfolio 03 CREC Project Updates 04 CREIT Dividend Updates 05 Highlights and Key Takeaways 06 Q&A
Slide 5: 1H 2025 Financial Highlights
1H 2025 Financial Highlights
Slide 6: 1H 2025 Financial Highlights
1H 2025 Financial Highlights In Php Mn 3% REVENUE 3% Php 916 Mn 921 916 897 884 4% EBITDA 693 688 Php 897 Mn EBITDA MARGIN: 98% NET PROFIT Php 688 Mn NET PROFIT MARGIN: 75% Revenue EBITDA Net Income 1H 2024 1H 2025 6
Slide 7: Profitability sustained due to strong green asset portfolio
Profitability sustained due to strong green asset portfolio Amounts in Mn Php 1H 2025 1H 2024 % Change Guaranteed Base Lease 835 824 1.33% Adjustments on the operating plants’ lease agreements – PFRS 16 81 97 (16.49%) this decrease is a non-cash item Revenue 916 921 (0.52%) Cost of Services (52) (52
Slide 8: Diversified Geographical Footprint and Revenue Contribution
Diversified Geographical Footprint and Revenue Contribution Operating Under Construction Silay 15% Clark 16% Cebu 20% Php 916 Mn Bulacan Revenues 11% Pangasinan 4% Tarlac Pampanga 6% 4% South Cotabato Batangas 5% Accretive 19% acquisitions contributed 27% of total revenues 8
Slide 9: Sustained strong financial position supports future acquisitions
Sustained strong financial position supports future acquisitions Amounts in Mn Php 30 June 2025 31 December 2024 Change Cash and cash equivalents 667 598 69 12% Other Current Assets 156 308 (152) (49%) Total Current Assets 823 906 (83) (9%) Trade and Other Receivables – Non-Current 582 519 63 12% Pr
Slide 10: Strong financial position supports future infusions
Strong financial position supports future infusions Current Ratio Return on Equity DEBT HEADROOM (Php Bn) 2.50 20.00% Total deposited property 2.10 20.5 2.00 1.84 15.48% 15.19% 15.00% Leverage ratio 1.50 (PRS Aa+) 70% 10.00% 1.00 5.00% Leverage limit 0.50 14.4 0.00 0.00% Total borrowings and 1H 2024
Slide 11: Green Asset Portfolio
Green Asset Portfolio = CREIT | Empower Your Investments
Slide 12: CREIT's Green Asset Portfolio Overview
CREIT’s Green Asset Portfolio Overview NUMBER OF ASSETS TENANTS’ INSTALLED CAPACITY 14 Assets 145 MWDC GROSS LEASABLE AREA EST. ANNUAL NET GENERATION 7.1 Mn sqm OF OPERATING TENANTS OCCUPANCY RATE 184 GWh 100% CO2 EST. ANNUAL CARBON REDUCTION OF OPERATING TENANTS WEIGHTED AVE. LEASE EXPIRY ~130k MT
Slide 13: Largest renewable energy landlord in the Philippines
Largest renewable energy landlord in the Philippines with 7.1 Mn square meters in gross leasable area IPO ASSETS 2nd ACQUISITION - 2023 DALAYAP – 103k sqm CLARK – 250k sqm ARMENIA– 138k sqm BATANGAS 1 – 1M sqm BATANGAS 2 – 840k sqm BATANGAS 3 – 740k sqm NEGROS OCCIDENTAL – 431k sqm CEBU – 730k sqm B
Slide 14: Almost 4x Asset Growth in Leasable Area since IPO
Almost 4x Asset Growth in Leasable Area since IPO Gross Leasable Area (GLA) in square meters Assets GLA (in sqm) 7,102,860 7,102,860 Pangasinan 1,049,102 3rd Acquisition Pampanga 2 70,433 1,119,535 1,119,535 Batangas 1 1,062,083 Batangas 2 839,535 2nd Acquisition Batangas 3 741,016 Batangas 4 933,97
Slide 15: 100% Occupancy and Longest WALE among REITs
100% Occupancy and Longest WALE among REITs CREIT Asset Tenants Lease term (in years) Area (in sqm) Portfolio Occupancy Clark 15.3 250,318 Armenia 22.4 138,164 Cebu 16.9 730,000 Negros Occidental 16.3 431,408 Dalayap 16.3 103,731 Bulacan 22.5 100% 253,880 Land and/or solar assets used/to- Solar Deve
Slide 16: CREC Project Updates
CREC Project Updates == CREIT | Empower Your Investment its
Slide 17: Sponsor's Project Updates
Sponsor’s Project Updates Batangas 1 Batangas 2 Property* Property* Leasable Area: Leasable Area: 1,062,083 square meters 839,535 square meters Location: Location: Brgy. Lumbangan Brgy. Luntal * With secured offtake even before project completion 17
Slide 18: Sponsor's Project Updates
Sponsor’s Project Updates Batangas 3 Batangas 4 Property* Property* Batangas 3 Leasable Area: Batangas 4 Leasable Area: 741,016 square meters 933,979 square meters Location: Location: Brgy. Bolbok Brgy. Bolbok * With secured offtake even before project completion Project was awarded during the Green
Slide 19: Sponsor's Project Updates
Sponsor’s Project Updates Pampanga 1 Pangasinan 1 Property* Property* Leasable Area: 839,535 square meters Leasable Area: 1,049,102 square meters Location: Brgy. Arayat Location: Brgy. Sta Catalina * With secured offtake even before project completion Project was awarded during the Green Energy Auct
Slide 20: CREIT Dividend Updates
The Pei te steck Exchange, In congratulates . CITICORE CREIT Dividend Updates = CREIT | Empower Your investments
Slide 21: Consistent quarterly dividend since IPO
Consistent quarterly dividend since IPO In PhP Millions, except ratios and DPS 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 Net income 304.96 316.08 396.09 380.97 359.28 334.14 344.94 391.02 357.96 329.93 Straight-line rent adjustment (15.28) (15.28) (94.58) (47.42) (59.65) (34.36) (43.89) (51.
Slide 22: Distributable Income and Dividend Quarter-on-Quarter Growth
Distributable Income and Dividend Quarter-on-Quarter Growth in Php millions 351.37 358.34 339.83 330.43 333.56 321.71 318.64 319.35 317.46 317.51 318.23 320.65 312.59 307.52 300.80 301.50 299.63 299.68 301.05 302.82 303.88 285.09 285.86 290.23 289.68 267.39 267.87 272.38 Q1 22 Q2 22 Q3 22 Q4 22 Q1 2
Slide 23: How we arrive at 106% of distributable income
How we arrive at 106% of distributable income Total Dividends Amounts in Mn Php 17.84 6% 303.88 321.71 100% 100% 106% Distributable Income Depreciation Total Dividends 23
Slide 24: Increasing shareholder value with steady dividends and dividend growth
Increasing shareholder value with steady dividends and dividend growth 0.054 0.055 0.051 0.049 0.049 0.049 0.049 0.049 0.049 0.049 0.047 0.044 0.044 0.044 Inclusive of Inclusive of Variable Variable Lease Inclusive of Lease Income Special Income 25.7% Dividends 0.035 15.9% 12.2% 10.2% 4.3% 0.0% 0.0%
Slide 25: Key Takeaways
Key Takeaways ~ cre | Empower Your Investments
Slide 26: Key Takeaways
Key Takeaways Stable revenues anchored on Strong financial position supports strong green asset portfolio future acquisitions Revenue at Php 916 Mn, EBITDA at Php 897 Mn, PhilRatings PRS Aa+ rating, Net Income at Php 688 Mn Available borrowing headroom of Php 9 Bn Consistent dividend payout at 106%
Slide 27: Q&A
Q&A = CREIT | Empower Your Investments
Slide 28: Thank you!
Thank you! For questions, please contact: Dominique Reario investorrelations@creit.com.ph CREIT CREIT.com.ph CiticoreREIT