Aboitiz Power Corp. · PSE:AP
Aboitiz Power — Q1 2021 Earnings Presentation
25 slides from Aboitiz Power's earnings presentation, Apr 28, 2021
Slide 1: First Quarter Results
First Quarter Results 28 April 2021
Slide 2: Cleanergy Thermal kicks off AboitizPower's 10-year growth strategy
2 21 50 : 50 Cleanergy Thermal kicks off AboitizPower’s 10-year growth strategy
Slide 3: 1Q2021 Beneficial EBITDA
1Q2021 Beneficial EBITDA in PHP millions 54% +54% vs LY: vs 1Q2020 ● +10% higher water inflows 65% ● +6% higher availability ● +5% higher spot sales ● -3% lower demand due to COVID 1% ● +35% other income 3
Slide 4: 1Q2021 Core Income
1Q2021 Core Income EBITDA Net Interest Depcn. & Amort. Tax & Others Core Income Expense Php mn 1Q2021 Change EBITDA Less: Net Interest Expense Depcn. & Amort. Tax & Others Core Income go AboitizPower EPS 0.28 0.84
Slide 5: 1Q2021 Net Income
1Q2021 Net Income Core Income Net Income Php mn 1Q2020 1Q2021 Change Core Income 2,087 Net Income 2,060 EPS 0.28 0.84 Qo AboitizPower
Slide 6: Balance Sheet Highlights
Balance Sheet Highlights *Total Interest Bearing Debt / Total Equity 6
Slide 7: Capacity Sales
Operating Highlights: Capacity Sales Capacity Sales in MW 3% 7
Slide 8: Revenue and Energy Sold
Operating Highlights: Revenue and Energy Sold Revenue Energy Sold in PHP millions in GWh 8% 3% 8
Slide 9: Gross Margin
Operating Highlights: Gross Margin in PHP millions 3% 20% -3% -31% in GWh 6% -31% 9
Slide 10: Selling Prices (P/kWh)
Operating Highlights: Selling Prices (P/kWh) 22% 1% 10
Slide 11: Availability - 1Q2021
Operating Highlights: Availability - 1Q2021 Higher than 73% in 1Q 2020 NERC – North American Electric Reliability Corporation 11
Slide 12: WESM
Operating Highlights: WESM Q12020 Ave LWAP P2.94 (P/kWh) Q12021 Ave LWAP P2.82 (P/kWh) 12
Slide 13: Luzon and Visayas Average Weekly Peak Demand
LUZON AND VISAYAS AVERAGE WEEKLY PEAK DEMAND Dec W4 2020 vs 2019 Apr W1 2020 vs 2019 0% -25% Apr W1 2021vs 2020 19% 2021 Ave. LuzVis Weekly Peak 2020 Ave. LuzVis Weekly Peak 2019 Ave. LuzVis Weekly Peak Demand Demand Demand Luzon Weekly Peak Demand Visayas Weekly Peak Demand Beginning of ECQ Holy We
Slide 14: Water Level
Operating Highlights: Water Level 14
Slide 15: Distribution
Operating Highlights: Distribution Beneficial Power Sales in GWh -8% Customer Type Peak Demand in GWh in MW -8% -13% 3% 15
Slide 16: Distribution
Operating Highlights: Distribution Gross Margin / kWh Feeder Loss 1.58 1Q2020 16
Slide 17: Project Update
Project Update Grid Project Capacity (Net) % Ownership Attributable Net Estimated Commercial Sellable Capacity Operation Date Luzon Dinginin Unit 1 (Coal – GNPD) 668 MW 70% 468 MW Q3 2021 Dinginin Unit 2 (Coal – GNPD) 668 MW 70% 468 MW Q1 2022 SNAP Magat Floating Solar 150 MW 50% 75 MW Ongoing devel
Slide 18: GNPower Dinginin 668 MW Coal Power
GNPower Dinginin 2 x 668 MW of Coal Power GNPower Dinginin 2 x 668 MW of Coal Power 18
Slide 19: TMI Hybrid Battery
TMI Existing diesel barge Hybrid Breasting and Mooring Battery Dolphins Energy BESS Barge Storage System (BESS) 49 MW 19
Slide 20: SNAP Magat Battery Energy Storage System (BESS) 20 MW
SNAP Magat Battery Energy Storage System (BESS) 20 MW 20
Slide 21: Floating Solar
Floating Solar 150 MW of Solar of Power 21
Slide 22: MakBan and Tiwi Capacity Optimization Projects
Indicative Binary Plant Location (Proposed Tie in Points) Bul 114 & 115 Header Connection Bul 114 Wellhead Piping MakBan and Tiwi Capacity Optimization Projects 64 MW 22
Slide 23: Cleanergy Thermal
50 : 50 Cleanergy Thermal
Slide 24: Slide 24
Slide 25: AboitizPower
20 AboitizPower