Slide 1: Full Year Results: Riding the Waves of Transformation
Full Year Results Riding the Waves of Transformation March 8, 2023
Slide 2: 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 3: 94-MWp Cayanga Solar 17-MW Tiwi Binary Geothermal
94-MWp Cayanga Solar 17-MW Tiwi Binary Geothermal
Slide 4: Beneficial EBITDA was up by 11%
Quarterly Breakdown Beneficial EBITDA was up by 11% * in Php mn 11% *+15% vs 4Q2021 vs FY2021 Changes vs LY: +13% ● +21% fresh contributions from GNPD and higher availability across portfolio ● +2% gains from commodity hedges ● +2% higher water inflow +10% ● -6% higher insurance and other cost ● -1%
Slide 5: Core income increased by 27%
Core income increased by 27% EPS - Earning Per Share
Slide 6: Net income was up by 32%
Net income was up by 32% Net Income Core Income Php mn FY2021 Core Income 20,780 Net Income 20,837 EPS 2.83 20 AboitizPower | Eo | GT2025
Slide 7: Balance sheet remains strong
Balance sheet remains strong *Total Interest Bearing Debt / Total Equity
Slide 8: Capacity sales increased by 7%
Capacity sales increased by 7% Capacity Sales 7% in MW MW - Megawatt BCQ - Bilateral Contract Quantity
Slide 9: Revenue and energy sold increased
Revenue and energy sold increased Revenue Energy Sold in Php mn in GWh 75% 16% GWh - Gigawatt hours
Slide 10: Gross margin increased by 22%
Quarterly Breakdown Gross margin increased by 22% in Php mn 75% in PHP millions 109% 125% 22% in GWh 16% in GWh 88% in GWh
Slide 11: Spot and BCQ selling prices increased
Spot and BCQ selling prices increased in (P/kWh) 33% 40% Ave NEWC $360/MT in FY2022 vs $137/MT in FY2021 P/kWh - Peso per kiloWatt hour NEWC - NewCastle Index MT - Metric ton
Slide 12: Beneficial power sales increased
Beneficial power sales increased 4% Beneficial Power Sales in GWh Customer Type 4% Peak Demand in GWh 5% in MW SFELAPCO - San Fernando Electric Light and Power Company 12
Slide 13: Average gross margin increased
Average gross margin increased Gross Margin / kWh Feeder Loss 13
Slide 14: Average year to date LWAP increased
2022 Ave LWAP P7.72 (P/kWh) Average year to date LWAP increased Q42022 Ave LWAP Q32022 Ave LWAP P8.73 (P/kWh) Q22022 Ave LWAP P8.23 (P/kWh) P6.99 (P/kWh) Q12022 Ave LWAP P6.74 (P/kWh) Q42021 Ave LWAP P6.04 (P/kWh) Q22021 Ave LWAP Q32021 Ave LWAP P5.67(P/kWh) P4.86(P/kWh) 2021 Ave LWAP Q12021 Ave LWA
Slide 15: Luzon supply and demand situation continues to tighten
Luzon supply and demand situation continues to tighten GNPD GNPD GNPD GNPD GNPD Supply in this chart is based on officially registered projects in the DOE (with internal adjustment by AP) and the demand is based on 2011-2019 year average Luzon Demand Growth (5%) 15
Slide 16: Well on our way towards delivering 3,700MW of additional RE capacity by 2030
Well on our way towards delivering 3,700MW of additional RE capacity by 2030 as part of our decarbonization journey Grid Project Capacity (Net) % Ownership Attributable Net Sellable Capacity Estimated Commercial Operation Date Luzon Cayanga Solar 94 MWp* 100% 94 MWp* June 2023 Tiwi Binary 17 MW 100%
Slide 17: Our 94 MWp Cayanga Solar Power project will operate by June 2023
19 out of 20 tower were erected Control Building 2 out of 3 section were strung Cayanga Substation Our 94 MWp Cayanga Solar Power project will operate by June 2023
Slide 18: Our 159 MWp Laoag Solar Power Project will fully operate by Q1 2024
Control Building Substation Laydown PV Our 159 MWp Laoag Solar Power Project will fully operate by Q1 2024 18
Slide 19: Our 24 MW Magat Battery Energy Storage System will operate by Q1 2024
Our 24 MW Magat Battery Energy Storage System will operate by Q1 2024 19
Slide 20: MakBan and Tiwi Capacity Optimization Projects are ongoing
MakBan and Tiwi Capacity Optimization Projects are ongoing 20
Slide 21: Our 49 MW Maco Hybrid Battery Energy Storage System started commercial operations
Our 49 MW Maco Hybrid Battery Energy Storage System started commercial operations in November 21
Slide 22: We have allocated P32 billion for CapEx this year
We have allocated P32 billion for CapEx this year PHP32 billion1 PHP18 billion2 PHP14 billion2 PHP17 billion2 *Includes 100% of Subsidiaries and Affiliates 1 - Budgeted figure 2 - Actual figure
Slide 23: We are paying out the highest dividend per share in AP history
We are paying out the highest dividend per share in AP history Payout Ratio: 1/2 of previous year’s consolidated net income 2023 Dividend Yield: Computed based on March 3, 2022 closing price (P38.15)
Slide 24: Oe Ahnjti7
Oe Ahnjti7 © AboitizPc
Slide 25: Key Takeaways
Key Takeaways ● Developments in our RE growth strategy are proof of our pursuit of transforming energy for a better world. ● Our 2022 performance results from diligent planning, forecasting, and a hardworking team. ● We will ride the waves of change in 2023 with digitalization and innovation. ● We w
Slide 26: go AboitizPower
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