Central Puerto Sa · BCBA:CEPU

Central Puerto Sa — Investor Presentation (September 2023)

20 slides from Central Puerto Sa's investor presentation, September 2023

  1. Slide 1: Investor Presentation

    Investor Presentation September 2023

  2. 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

  3. Slide 3: Who we are

    Who we are Central Puerto has evolved to become the largest private Argentine generation company in terms of both installed capacity and power generation. 3

  4. Slide 4: Central Puerto at a glance

    Central Puerto at a glance 7,173 MW of installed capacity(1) through a well diversified 20 TWh generated LTM 3Q23. Market share: 17% (total SADI) / generation portfolio operating 14 Power Plants 23% (private Gencos) Spot portfolio Renewables portfolio Foninvemen program Forestry Business segment 4,8

  5. Slide 5: Key Financial Figures

    Key Financial Figures Spot market revenues Sales under contracts Adj. EBITDA Revenues(1) (US$mm) Steam sales Adj.EBITDA + FONI collections FONI Collections Forestry activity revenues Other (US$mm) Adj. EBITDA margin 606 566 572 7 510 500 446 120% 121 456 15 27 26 450 400 369 362 390 69 377 110% 13 7

  6. Slide 6: Operating cashflow secured by long term contracts in dollars

    +70% of Operating Cashflow is secured by long term contracts in dollars with protection mechanisms Adj. EBITDA contribution +US$ 72 MILLION by regulatory framework Collections (only principal) 11% PPA – MATER (1) 57% under CVO during LTM 3Q23 20% PPA – RenovAr (2) of Adj.EBITDA CVO receivables to be

  7. Slide 7: Well diversified portfolio of generation assets

    Well diversified portfolio of generation assets Assets in Operation Technology Power Capacity (MW) Remuneration (MW)(3) PPA term Installed(1) Available(2) Spot PPA 1 Central Costanera(4) Thermal 2,259 1,692 590 - - 2 Central Puerto(4) Thermal 1,747 1,645 898 - - 9 3 Piedra del Águila Hydro 1,440 1,4

  8. Slide 8: Continuously expanding and diversifying our operated portfolio

    Continuously expanding and diversifying our operated portfolio Installed Capacity(1) (MW) +3,535 MW incorporated through greenfield and M&A 2023 portfolio by technology Thermal Hydro 7,173 Renewbables 4,218 4,809 3,638 5% 1% 20% 2017 2019 2021 2023 Thermal: Thermal: Thermal: Thermal: 60% . Puerto Co

  9. Slide 9: We are the leading private power generation company in Argentina

    We are the leading private power generation company in Argentina Local Energy Demand (TWh)(1) Market Share as of Sept-23(1)(2) Local energy demand (2023) Local energy demand (2022) 14.0 13.6 17% 13.1 13.1 (1.9 TWh) 12.5 12.6 11.9 11.7 12.1 11.8 11.8 10.9 10.8 11.0 10.6 10.3 10.0 10.1 13% 50% 6% 6% 3

  10. Slide 10: Availability of thermal units

    Availability of thermal units (1)(2) Steam & Gas turbines (%) 96% 96% 95% 92% 88% 86% 77% 74% 78% 62% 67% 68% 28% 2020 2021 2022 LTM 3Q23 Puerto Complex Lujan de Cuyo Brigadier Lopez Costanera Combined Cycles (%) 89% 91% 93% 88%93% 91% 92% 95%96% 75% 71% 35% 2020 2021 2022 LTM 3Q23 Puerto Complex Lu

  11. Slide 11: Brigadier López Closing cycle project

    Brigadier López Closing cycle project The project contemplates the addition of a boiler and a steam turbine to the existing dual fuel Siemens gas turbine of 281 MW, increasing the plant’s capacity by 140MW, reaching a total installed capacity of 421 MW, enough to supply more than 300,000 homes throu

  12. Slide 12: The largest private player in the FONI Program

    The largest private player in the FONI Program, with 2,554 MW combined cycle plants San Martín Manuel Belgrano Vuelta de Obligado 865 MW combined cycle 873 MW combined cycle 816 MW combined cycle COD: 2010 COD: 2010 COD: 2018 Transfer: 2020 Transfer: 2020 Transfer: 2028 Facilities Other Other Other

  13. Slide 13: Wind Energy Portfolio

    Wind Energy Portfolio RenovAr Program Term Market (MATER) La Castellana I Achiras La Genoveva I La Castellana II Manque Los Olivos La Genoveva II Technology Wind Farm Wind Farm Wind Farm Wind Farm Wind Farm Wind Farm Wind Farm Capacity 100.8 MW 48 MW 88.2 MW 15.2 MW 57 MW 22.8 MW 41.8 MW Capacity fa

  14. Slide 14: Acquisition of the Guañizuil II A Solar farm

    We continue our expansion in renewables with the acquisition of the Guañizuil II A Solar farm . Location: San Juan Province . Nominal capacity: 104.6 MW . Energy generation: 300 GWh/y . Capacity factor: ~33% . Remuneration: 20-year PPA with CAMMESA – Renov.ar 2.5 14

  15. Slide 15: Central Puerto has become the largest forestry player in Argentina

    Central Puerto has become the largest forestry player in Argentina Forestry asset's location The future development of the industry will allow the group to explore new business models focusing on increasing and diversifying revenue sources, generating exports, and evaluating the San Miguel feasibili

  16. Slide 16: 3Q23 Key Figures

    3Q23 Key Figures. Installed Energy Revenues Adj.EBITDA(2) Net Income Net Debt (3) Capacity Generation US$ MW GWh US$ US$ US$ 7,113 5,721 166 mm 89 mm 11 mm 164 mm +21 mm +21% Y/Y (5%) Y/Y (66)% Y/Y +48% Y/Y +46% Y/Y vs Dec-22 (1) The FX rate used to convert Argentine Pesos to U.S. dollars is the ref

  17. Slide 17: Successful liability management lifting dividend payment restrictions

    Successful liability management lifting dividend payment restrictions On Oct-19th the company partially prepaid US$49mm of the Syndicated loan signed with Citibank N.A., JP Morgan Chase Bank N.A. and Morgan Stanley Senior Funding INC., remaining US$6.0 mm to be paid on Jan-24. 82 72 34 29 30 30 55 8

  18. Slide 18: Thank You

    Investor Presentation September 2023 Thank You

  19. Slide 19: Regulatory Framework

    Annex 1 Regulatory Framework Resolution Resolution No. 59/2023 (Feb-23) SE N°621/2023 (Jul-23) This resolution was designed to Announcement of a new encourage investments for major tender process for the addition and minor maintenance activities of of new thermal capacity and combined cycles. Genera

  20. Slide 20: Contact Us

    Investor Presentation September 2023 Contact Us LinkedIn Phone Number Central Puerto Central Puerto (5411) 4317 5000 Web / E-mail Location www.centralpuerto.com Av. Tomas Alva Edison 2701 inversores@centralpuerto.com Dársena E Puerto de Buenos Aires.

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