Slide 1: 4Q2022 Results Call
4Q2022 Results Call March 9, 2023
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: 4Q2022 Results Call - Agenda
4Q2022 Results Call - Agenda ◼4Q2022 News ◼Industry Overview ◼Key Performance Indicators ◼4Q2022 and 2022 Financials ◼Q&A
Slide 4: 4Q 2022 News
4Q 2022 News Resolution 826/2022 On December 14th, 2022, the Secretariat of Energy issued SE Resolution No. 826/2022, which increases the tariffs for capacity power energy and energy generation under the Base Energy scheme. The Resolution increases, retroactively, 20% from September 2022 and additio
Slide 5: 4Q 2022 News
4Q 2022 News Dividend Payment On December 23th, 2022, the Ordinary General Assembly of Central Puerto S.A. decided to distribute as a dividend the amount of $2.88 per share. New investments and acquisitions In line with our growth strategy, focus on new opportunities in the energy sector and other b
Slide 6: 4Q 2022 News
4Q 2022 News Central Puerto has made the strategic decision to invest in those sectors in which the country has clear comparative advantages. Argentina has one of the highest growth rates not only in the region, but also worldwide: trees grow about ten times faster than in the northern hemisphere. T
Slide 7: 4Q 2022 News
4Q 2022 News We believe that it is necessary to increase the power availability of the Costanera machines in order to strengthen and cover the demand at the national level. All of this means that the acquisition cost does not accurately reflect the enormous growth potential of Central Costanera. 3)
Slide 8: Industry Overview
Industry Overview Installed Capacity (MW EoP) Energy Generation 42,988 42,927 5,001 (12%) Thermal -10% 5,062 (12%) Hydro 1,755 (4%) 1,755 (4%) Nuclear Renewable 10,834 (25%) 10,834 (25%) +60% 21,200 19,037 25,275 (59%) +7% 25,398 (59%) 10,324 -83% 6,456 4,878 5,227 2,999 496 4Q2021 4Q2022 Thermal Hy
Slide 9: Industry Overview
Industry Overview Energy Demand (GWh) • Demand increased on November and December while October 34,564 33,478 +3% decreased: ✓Increase in temperatures and the arrival of summer 14,806 +4% 15,448 ✓Increase in the installed capacity of the industry Energy Demand per month (GWh) 9,544 + 2% 9,742 +5% 9,
Slide 10: Key Performance Indicators – 4Q2022
Key Performance Indicators – 4Q2022 Energy generation (GWh) +26% 44 851 65 4,687 3,727 4Q2021 Generation Thermal Units Hydro Generation Renewable energy 4Q2022 Generation 2% increase in thermal energy 158% increase in energy 12% increase in energy generation. Higher generation generation from Piedra
Slide 11: Key Performance Indicators – 2022
Key Performance Indicators – 2022 Energy generation (GWh) +21% 718 42 2,333 17,484 14,392 2021 Generation Thermal Units Hydro Generation Renewable energy 2022 Generation 23% increase in thermal energy 28% increase in energy 3% increase in energy generation. Higher generation generation from Piedra d
Slide 12: Key Financial Data – 4Q2022
Key Financial Data – 4Q2022 Adj. EBITDA exc Impairment & FONI FX Difference and interests (in billions of Ps.) Revenues (in billions of Ps.) -22% -42% 27.4 21.6 23.8 21.4 16.2 12.6 4Q2021 3Q2022 4Q2022 4Q2021 3Q2022 4Q2022 Net Income (in billions of Ps.) Debt Position (in billions of Ps.) +43% -24%
Slide 13: Revenues
Revenues 4Q2022 Revenues (in billions of Ps.) 3.0 (8.8) 0.0 (0.2) 27.4 -22% 21.4 4Q2021 Revenues Δ Energia Base Δ Sales Under Contracts Δ Steam Sales Δ Other Income 4Q2022 Revenues Energía Base ▲Higher Hydro generation. Depreciation ▲Retroactive increases related with Resolution 826/2022. LTM 22 Sal
Slide 14: Adj. EBITDA excluding Impairment & FONI FX Difference and interest
Adj. EBITDA excluding Impairment & FONI FX Difference and interest 4Q2022 Adj. EBITDA excluding Impairment & FONI FX Difference and interests (in billions of Ps.) -42% (6.0) (0.3) (0.3) (2.4) 21.6 12.6 4Q2021 Adj. EBITDA exc Δ Revenues Δ Cost of Sales Δ Adm and selling expenses Δ Other results, net
Slide 15: Consolidated Net income of Ps. 2.4 billion or 1.59 Ps. per share
Consolidated Net income of Ps. 2.4 billion or 1.59 Ps. per share 4Q2022 Consolidated Net Income (in billions of Ps.) (9.0) 12.2 2.4 1.7 (0.7) (5.5) 6.1 (2.4) 4Q2021 Consolidated Δ4Q2022 Adj. EBITDA Δ Results on net Δ Finance Results Net Δ Income Tax Δ Impairment, FONI Δ Acquisition 4Q2022 Consolidat
Slide 16: 2022 Key financial figures
2022 Key financial figures Revenues (in billions of Ps.) ▼ Negatively impacted by a higher inflation´s adjustment over the peso´s -9% depreciation in the period. 111.2 101.4 ▼ Ending of Brigadier Lopez TG PPA contract in August 2022. ▲ Retroactive increases related with Resolution 826/2022 and 238/2
Slide 17: Cash Flow bridge
Cash Flow bridge Cash Flow (in billions of Ps.) (31.3) 9.24 55.6 (16.3) 1.3 (0.7) 0.50 Cash at the begining Operation Investing activities Financing activities Exchnage differences Loss on net Cash at the end of the period and other financial results monetary position of the period Operations ▲Opera
Slide 18: Q&A Many thanks for your attention!
Q&A Many thanks for your attention!