Slide 1: Company Presentation
C O M PA N Y P R E S E N TAT I O N November 26, 2020
Slide 2: Disclaimer
Disclaimer Additional information about Central Puerto can be found in the Investor Support section on the website at www.centralpuerto.com. This presentation does not contain all the Company’s financial information. As a result, investors should read this presentation in conjunction with Central Pu
Slide 3: Company Description, Financials, Appendix
COMPANY DESCRIPTION FINANCIALS APPENDIX Spot Market Regulation – Res. 31/2020 Adjusted EBITDA Reconciliation Foreign Exchange rate
Slide 4: Central Puerto's value components at a glance
Central Puerto’s value components at a glance After expansion ◼ 4,689 MW of installed capacity projects are completed the Power - 11% market share (14.6 TWh generated in LTM3Q2020) capacity will be: Generation ◼ 64 MW under construction with PPAs 76% legacy units 24% new energy ◼ Receivables under F
Slide 5: Corporate structure and main financial figures
Corporate structure and main financial figures Central Puerto has a well diversified shareholders' base 63% 23% 8% 4% 2% Local shareholders ADR holders Federal Goverment Neuquén Province Power generation of Central Puerto and its consolidated subsidiaries (LTM ended on September 30, 2020)1 Sales2 Ad
Slide 6: Well diversified portfolio of generation assets
Power Well diversified portfolio of generation assets generation Current geographic footprint Power capacity Assets in Assets under FONINVEMEM (MW)4 operation construction Plants 816MW 1 Puerto complex 1,714 - - 2 Piedra del Águila 1,440 - - 3 Luján de Cuyo 595 - - 13 12 10 4 5 4 Brigadier López 281
Slide 7: One of the largest private sector power generators in Argentina
One of the largest private sector power generator in Argentina with a Power generation diversified asset base Private sector power generation market shares (TWh) SADI’s total power generation by private sector companies and market share, October 2019 – September 2020 17.0% 18.5% 12.8% 15.7% 36.0% 30
Slide 8: High quality assets with strong and stable operational performance
Power High quality assets with strong and stable operational performance generation Assets with high availability… …a strong generation track record… Average availability of thermal units Market average1 Central Puerto Power generated (TWh) Thermal Hydro Wind . 17.7 91% 93% 16.5 14.8 14.6 89% 89% 15
Slide 9: New projects pipeline
Power New projects pipeline generation Generation assets and projects under development breakdown by technology (MW) Brigadier López Under construction 2 expansion Renewables 4,689 4,753 140 4,893 64 374 374 Steam turbines 374 1069 1069 1069 Gas turbines 73 353 639 1492 CC 1071 1071 95 445 445 Co Ge
Slide 10: 2020 Estimates break down by source
2020 Estimates break down by source High portion of the operating cash flow through long term contracts and with protection mechanisms EBITDA 2020 (est.) contribution by regulatory framework 37% Spot – Energía Base 63% 38% Contracts – Thermal units of 2020 est. EBITDA Backed by reserve fund financed
Slide 11: Effects of the Covid-19 and the Quarantine measures
Effects of the Covid-19 and the Quarantine measures Demand fluctuation due to the Quarantine Monthly variation in electric energy demand GWh (2020 vs 2019) % 1500 15% Electric energy demand 10.1% 1000 10% was just 2.2% lower 2.5% 1.2% 1.2% 1.5% during the 3Q2020 as 500 1.019 5% 290 132 130 174 compa
Slide 12: Terminal 6 project will add 330 MW to installed capacity
Power Terminal 6 project will add 330 MW to Central Puerto’s installed capacity generation 1 Terminal 6 San Lorenzo Awarded power 330 MW (for the winter) Capacity under PPA 317 MW (for the summer) Technology Cogeneration (electricity + steam) Electricity contract 15 years length 17,000 US$/MW per mo
Slide 13: Brigadier López Plant expansion project
Attractive growth profile Power generation Brigadier López Plant expansion project Brigadir López Expansion Project PPA with CAMMESA (until August 30, 2022) General remuneration for thermal units1 Gas Turbine Power US$ 29,089 per MW per month Price 280 MW Energy US$ 10,50 per MWh Price Additional 10
Slide 14: Development of awarded wind energy projects
Power Development of awarded wind energy projects generation Central Puerto’s wind projects1 RenovAr Program Term Market (MATER) 1 La Castellana 2 3 4 La Castellana 5 6 7 La Genoveva Achiras I La Genoveva I Manque Los Olivos I II II Capacity and 100.8 MW 48 MW 88.2 MW 15.2 MW 57 MW 22.8 MW 41.8 MW t
Slide 15: Largest private player in FONI consortium operating combined cycles
FONI Largest private player in FONI consortium operating combined cycles Receivables and stake in Plants totaling 2,554 MW Assets under the FONINVEMEM program 1 San Martín 2 Manuel Belgrano 3 Vuelta de Obligado Combined cycle Combined cycle Combined cycle Plant 865 MW 873 MW 816 MW overview COD: 201
Slide 16: Company Description, Financials, Appendix
COMPANY DESCRIPTION FINANCIALS APPENDIX Adjusted EBITDA Reconciliation Foreign Exchange rate
Slide 17: Favorable financial position
Favorable financial position Debt as of September 30, 2020 (US$ mm)1 CENTRAL PUERTO SUBSIDIARIES CONSOLIDATED 315 631 316 Weighted average maturity Weighted average maturity 5.4 years Weighted average maturity 1.6 years 3.4 years Proj. Finance Long-Term Debt Debt Principal Amortization Schedule as o
Slide 18: Company Description, Financials, Appendix
COMPANY DESCRIPTION FINANCIALS APPENDIX Summary of Res. 31/2019 – Energía Base Regulatory Framework Adjusted EBITDA Reconciliation Foreign Exchange rate
Slide 19: Summary of Res. 31/2019 – Energía Base Regulatory Framework
Appendix Summary of Res. 31/2019 – Energía Base Regulatory Framework Items Thermal Hydro Up to Ps. 360,000 per MW per month during Summer and Winter (December, January, February, June, July and August) Up to Ps. 270,000 per MW per month during Spring and Autumn (March, April, May, September, October
Slide 20: Adjusted EBITDA Reconciliation
Appendix Adjusted EBITDA Reconciliation Adjusted EBITDA Reconciliation 9M2020 (C) LTM 3Q2020 Million Ps. 9M2019 (A) 2019 2019 (B)* (C-B) (B-A+C) Unaudited, subject to Audited Unaudited Unaudited, subject to Unaudited limited review according limited review according to rule ISRE 2410 to rule ISRE 24
Slide 21: Foreign Exchange Rate Evolution
Appendix Foreign Exchange Rate Evolution Exchange rate quoted by Banco de la Nación Argentina for wire transfers (“divisas”) Year Period High Low Average End 1Q 2017 16.0800 15.3600 15.6795 15.3900 2017 2Q 2017 16.6300 15.1900 15.7575 16.6300 3Q 2017 17.7900 16.8000 17.2870 17.3100 4Q 2017 19.2000 1
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