Citicore Energy Reit Corp · PSE:CREIT
Citicore Energy Reit — Q1 2026 Earnings Presentation
30 slides from Citicore Energy Reit's earnings presentation, May 15, 2026
Slide 1: 1Q 2026 Financial and Operating Results
Company Presentation 1Q 2026 Financial and Operating Results May 15, 2026
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: 1Q 2026 Highlights and Key Themes
1Q 2026 Highlights and Key Themes Stable revenues anchored on Strong financial position supports CREIT’s strong green asset portfolio future acquisitions Revenue at Php 458 Mn, EBITDA at Php 446 Mn, PhilRatings PRS Aa+ rating, Net Income at Php 342 Mn Available borrowing headroom of Php 9 Bn Consist
Slide 4: Contents
Contents 01 Financial Highlights 02 Our Green Asset Portfolio 03 CREC Project Pipeline Updates 04 Potential Acquisition 05 CREIT Dividend Updates 06 Highlights and Key Takeaways 07 Q&A
Slide 5: 1Q 2026 Financial Highlights
1Q 2026 Financial Highlights
Slide 6: 1Q 2026 Financial Highlights
1Q 2026 Financial Highlights In Php Mn 3% 3% 472 458 462 446 REVENUE 4% Php 458 Mn 358 342 GROSS PROFIT MARGIN: 94% EBITDA Php 446 Mn EBITDA MARGIN: 97% NET PROFIT Php 342 Mn NET PROFIT MARGIN: 75% Revenue EBITDA Net Income 1Q 2025 1Q 2026 6
Slide 7: Geographical Footprint and Revenue Contribution
Geographical Footprint and Revenue Contribution Operating/Mechanically Completed Batangas 19% Under Construction Clark Cebu 15% 20% 1Q 2026 Revenues Php 458 Mn Silay 16% Pangasinan 4% Tarlac Bulacan 6% 11% Pampanga 4% South Cotabato 5% 7
Slide 8: Profitability remains steady due to strong green asset portfolio
Profitability remains steady due to strong green asset portfolio Amounts in Mn Php 31 March 2026 31 March 2025 % Change Adjustments on the operating plants’ lease agreements – Rental Income 458 472 (3%) this decrease is a non-cash item Cost of Services (26) (26) - Gross Profit Margin: 94% Gross Prof
Slide 9: Sustained strong financial position supports future acquisitions
Sustained strong financial position supports future acquisitions Amounts in Mn Php 31 March 2026 31 December 2025 % Change Cash and cash equivalents 694 677 3% Other Current Assets 180 218 (18%) Total Current Assets 874 895 (2%) Trade and Other Receivables – Non-Current 677 643 5% Property, Plant &
Slide 10: Strong financial position supports future infusions
Strong financial position supports future infusions Current Ratio Debt to Equity DEBT HEADROOM (Php Bn) 2.50 1.20 Total deposited property 20.5 1.91 0.98 0.96 2.00 1.84 1.00 Leverage ratio 0.80 1.50 (PRS Aa+) 70% 0.60 1.00 0.40 Leverage limit 0.50 14.4 0.20 0.00 0.00 Total borrowings and 1Q 2025 1Q
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 ASSETS HOLDINGS OCCUPANCY RATE 14 Land Assets 100% GROSS LEASABLE AREA WEIGHTED AVE. LEASE EXPIRY 7.1 Mn sqm 19.19 years 12
Slide 13: Largest renewable energy landlord in the Philippines with 7.1 Mn sqm
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 LUNTAL – 840k sqm BOLBOK 1 – 740k sqm LUMBANGAN – 1M sqm NEGROS OCCIDENTAL – 431k sqm CEBU – 730k sqm BOLBOK 2
Slide 14: Asset Infusions over the years
Asset Infusions over the years In Mn square meters of gross leasable area Assets GLA (in sqm) Pangasinan 1,049,102 3rd Acquisition 7,103 Pampanga 2 70,433 Batangas 1 1,062,083 1,120 5,983 Batangas 2 839,535 2nd Acquisition Batangas 3 741,016 Batangas 4 933,979 Pampanga 1 419,214 3,996 3,996 South Co
Slide 15: 100% Occupancy and Longest WALE among REITs
100% Occupancy and Longest WALE among REITs Tenants Lease term CREIT Asset Area (in sqm) (in years) Portfolio Occupancy Clark 250,318 17.76 Armenia 24.01 138,164 Cebu 19.42 730,000 Negros Occidental 18.84 431,408 Dalayap 18.01 103,731 Bulacan 25.01 100% 253,880 Land and/or solar assets used/to- Sola
Slide 16: Diversified mix of tenant's off-takers
Diversified mix of tenant’s off-takers % of Total Contracted Capacity Off-take Contract Renewal of Tenants’ Customers Government 19% 73.3% 10.6 years Weighted average contract term Freeport Area of Bataan 12.6% 8.4% 5.7% Bilateral Contracts 2026 2027 2028 Beyond 2028 81% 16
Slide 17: CREC Project Updates on CREIT-owned Properties
CREC Project Updates on CREIT-owned Properties
Slide 18: CREC's Goal: 5 GW in 5 years
CREC’s Goal: 5 GW in 5 years Average capacity addition of 1 GW p.a. over next 5 years, using a clustering strategy 6,964 5,964 1,000 495 4,469 1,000 3,469 1,000 45 5,964 2,206 4,469 3,469 597 1,218 597 2025 2026 2027 2028 2029 Completed Project Capacity Solar Onshore Wind in MW gross installed capac
Slide 19: Energized Projects
Energized Projects CREIT - Owned Land Batangas Pampanga Properties 1 & 2 Property 1 CREC Project Name: CREC Project Name: Arayat 3A Lumbangan and Luntal under Citicore Solar Pampanga 1 under Citicore Solar Batangas 1 Leasable Area: Leasable Area: 419,214 square meters 1,062,083 square meters 839,535
Slide 20: Mechanically Completed Projects
Mechanically Completed Projects CREIT - Owned Land Batangas Pangasinan Properties 3 & 4* Property 1* CREC Project Name: CREC Project Name: Bolbok 1 & 2 Binalonan under Citicore Solar Batangas 2 under Citicore Solar Pangasinan 2 Batangas Leasable Area: 741,016 sqms Leasable Area: 933,979 sqms 1,049,1
Slide 21: CREC's Projects for Acquisition
CREC’s Projects for Acquisition
Slide 22: CREIT's Business Model
CREIT’s Business Model Land Lease Agreement Solar Asset Lease Agreement REIT CO AS LANDLORD GEN COS Diversified Rental Payment Guaranteed Base Lease payable on equal monthly instalments + Variable Lease 50% share of incremental revenue from tenants Land Assets Solar Assets contracted rate Post Trans
Slide 23: Additional Assets Post-Transaction
Additional Assets Post-Transaction 1.7 Mn sqms in Gross Leasable Area, 860 MWp in Installed Capacity 1,918 GWh Estimated Annual Net Generation Sta Barbara– 420k sqms, 125 MWp Pagbilao 1A,2A – 1.3 Mn sqms, 136.5 MWp Lumbangan – 125.2 MWp 800,000 Est. Households to be powered Binalonan – 113.1 MWp Ara
Slide 24: CREIT Dividend Updates
the Philippine stock Exch ange, congratulates Inc, . CITICORE ENERGY REIT on its Initial Public Offering CREIT Dividend Updates CREIT | Empower Your investments
Slide 25: Consistent quarter dividend since IPO
Consistent quarter dividend since IPO In PhP Millions, except ratios and DPS 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 Net income 359.28 334.14 344.94 391.02 357.96 329.93 345.16 387.21 342.27 Straight-line rent adjustment (59.65) (34.36) (43.89) (51.18) (55.14) (26.05) (40.67) (40.23) (37.26) Di
Slide 26: Increasing shareholder value with steady dividends and dividend growth
Increasing shareholder value with steady dividends and dividend growth 0.055 0.056 0.054 0.051 0.049 0.049 0.049 0.049 0.049 0.049 0.049 0.049 0.049 0.047 0.044 0.044 0.044 Inclusive of Variable Inclusive of Inclusive of Lease Variable Variable Inclusive of 0.035 Special Income Lease Lease 25.7% Div
Slide 27: Key Takeaways
Key Takeaways & CREIT | Empower Your Investments
Slide 28: 1Q 2026 Key Takeaways
1Q 2026 Key Takeaways Stable revenues anchored on Strong financial position supports CREIT’s strong green asset portfolio future acquisitions Revenue at Php 458 Mn, EBITDA at Php 446 Mn, PhilRatings PRS Aa+ rating, Net Income at Php 342 Mn Available borrowing headroom of Php 9 Bn Consistent dividend
Slide 29: Q&A
Q&A CREIT | Empower Your investments
Slide 30: Thank you!
Thank you! For questions, please contact: Gideon de Villa CREIT Investor Relations Officer investorrelations@creit.com.ph CREIT CREIT.com.ph CiticoreREIT