Aboitiz Power Corp. · PSE:AP
Aboitiz Power — Jefferies & Regis Partners Philippines Conference (October 2024)
16 slides from Aboitiz Power's conference presentation, Oct 23, 2024
Slide 1: Investor Presentation
Investor Presentation Jefferies & Regis Partners Philippines Conference 23 Oct 2024
Slide 2: Our Businesses
Our Businesses Retail Electricity Power Generation Services Power Distribution Distributed Energy
Slide 3: AboitizPower is a leading Philippine energy provider
AboitizPower is a leading Philippine energy provider ● AP generates 1 in 5 MW of ● AP, through its retail subsidiaries, ● AP owns nine distribution utilities, installed capacity in the PH holds ~30% of the PH market including the PH’s second and ● AP and its partners have the share with over 500 con
Slide 4: Our Balanced Mix Portfolio
Our Balanced Mix Portfolio SOURCE ATTRIBUTABLE % 21% HYDRO 607.4 14% GEOTHERMAL 290.0 6% 79% SOLAR 46.8 1% COAL 3,039.8 68% 4,497.9 MW OIL 513.9 11% ATTRIBUTABLE NET SELLABLE CAPACITY Data as of Apr 2024 4,497.9 100%
Slide 5: This is how much AP has grown since 2020.
This is how much AP has grown since 2020. %. * .CAGR: 6.1 ** *projected total MW in 2024 **including Cayanga and Laoag plants
Slide 6: 4,600 MW clean energy by 2030
94-MWp Cayanga Solar Power Project 4,600 MW clean energy by 2030 159-MWp Laoag Solar Power Project ≈1,000 MW wind, solar, geothermal, and battery storage projects in the pipeline as of 2024 17-MW Tiwi Binary Geothermal Power Project
Slide 7: The First 1,200 MW
20 MW Sablan Hydro 159 MWp* Laoag Solar Q3 2025 Energized Apr 2024 The First 1,200 MW 45 MWp* Armenia Solar 12 MW Magat BESS Phase 1 Q4 2024 Commissioned Dec 2023 106 MW energized in 2023 212 MWp* Olongapo 94 MWp* Cayanga Solar Energized Oct 2023 Solar Q3 2025 20 MW Bay BESS 196 MWp* Luzon Solar Q3
Slide 8: The Next 1,700 MW
169 MWp* Cagayan Solar 140 MWp* Laoag Solar Q3 2028 Q1 2028 The Next 1,700 MW 8 MW Magat BESS Phase 2 125 MW Ilocos Wind Q2 2026 Q3 2028 5 MW Magat Floating Solar 230 MW Q1 2027 under construction 175 MWp* Luzon Solar Q3 2026 40 MW Benguet BESS Ph 1: Q2 2026 Ph 2: Q2 2027 1,437 MW 161 MWp* Zambales
Slide 9: AP forays into LNG
AP forays into LNG Therma NatGas Meralco Power Inc The assets are cumulatively valued at PowerGen Corp a subsidiary of $3.3b. TNGP will fund its portion of the AboitizPower investment through a mix of internally generated cash and debt. 60% 40% Upon completion of the transaction, Chromite Gas Aboiti
Slide 10: AboitizPower has a strong financial track record
AboitizPower has a strong financial track record The company’s performance has been on an upward trajectory since 2020 16% 11% 16% 1% 27% 36% 52% 27%
Slide 11: AboitizPower has a strong financial track record
AboitizPower has a strong financial track record The company has kept its balance sheet strong in the last four years (in PHP mn) 2020 2021 2022 2023 1H2024 Cash and Cash Equivalents 38,700 57,130 64,764 54,539 52,475 Investments and Advances 61,829 64,953 77,928 91,641 99,059 Property, Plant, and E
Slide 12: Last Quarter Highlights
Last Quarter Highlights Beneficial EBITDA was up by 8% YoY 33,622 36,264 The 8% YoY growth in beneficial EBITDA in 1H24 was mainly attributable to the higher margins of the power generation segment. 9% 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 Generation 13,416 16,614 14,636 12,473 13,769 17,907 59% Retail -423
Slide 13: Last Quarter Highlights
Last Quarter Highlights Like-for-like core net income up by 7% YoY. PHP m 1H23 1H24 Change EBITDA 33,622 36,264 8% 1H24 includes PHP0.9b of interest expense from Less: Net Interest Expense 6,395 7,363 15% GNPD Depcn. & Amort. 6,084 7,090 17% Tax & Others* 3,364 4,739 41% 1H24 includes PHP1.0b of dep
Slide 14: What makes AboitizPower a compelling investment?
What makes AboitizPower a compelling investment? AboitizPower is a Our financial track record We extend our impact We are actively shaping dominant force in the positions us for beyond electricity, the “future of energy” Philippine energy sector sustainable growth empowering many Filipinos
Slide 15: Disclaimer
DISCLAIMER This presentation and the information contained herein (this "Presentation") are the sole and exclusive property of Aboitiz Power Corporation (“AboitizPower”) and shall only be used for the purpose intended herein and may not be used, published or redistributed without the prior written c
Slide 16: go AboitizPower
go AboitizPower
Aboitiz Power — Jefferies & Regis Partners Philippines Conference (October 2024) on 6ix