Slide 1: 2Q24 Earnings Webcast
2Q24Earnings Webcast August 12th, 2024
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: 2Q24 Earnings Webcast - Agenda
2Q24 Earnings Webcast - Agenda ▪ 2Q24 Key Figures ▪ Regulatory Update and News ▪ Argentine Market Overview ▪ Central Puerto’s consolidated main operating metrics ▪ Financial Results ▪ Questions & Answers 3
Slide 4: 2Q24 Key Figures
2Q24 Key Figures(1)(2) Installed Energy Revenues Adj.EBITDA(4) Net Income Net Debt Capacity(3) Generation US$ MM US$ MM US$ MM US$ MM MW GWh 2Q24 2Q24 2Q24 2Q24 2Q24 6,703 4,985 168 46 8 229 (6%) Y/Y +5% Y/Y +15%Y/Y (27%) Y/Y (49%) Y/Y -US$ 58 mm vs Dec-23 (1) The results presented for the 2Q24 are
Slide 5: Regulatory Updates and Relevant Facts
Regulatory Updates and Relevant Facts Trade receivables from Dec 2023 and Jan 2024 were settled with Resolution SE N°58/2024 (May-24) AE38 bonds. Feb 2024 trade receivables were paid with CAMMESA's funds and National Government transfers to the Stabilization Fund. Resolution The transition period wa
Slide 6: Regulatory Updates and Relevant Facts
Regulatory Updates and Relevant Facts Acquisition of interest in AbraSilver On April 22, 2024, our subsidiary Proener acquired a 4% interest in the share capital of AbraSilver Resource Corp., owner of the silver-gold project Diablillos located in the Northeast of Argentina. Status on Investment proj
Slide 7: Argentine market overview
Argentine market overview (1) Installed Capacity Energy Generation (MW) (TWh) +198 MW +1.7 TWh +0.5.% +6% 43,405 43,603 32.9 33.4 4% 4% 6% 10% 12% 13% 14% 15% 25% 25% 21% 23% 59% 58% 59% 52% 2Q23 2Q24 2Q23 2Q24 Thermal Hydro Renewable Nuclear Thermal Hydro Renewable Nuclear • Higher nuclear generati
Slide 8: Argentine market overview
Argentine market overview (1) Local Energy Demand (TWh) +0.5 TWh +2% 13.6 14.0 13.1 13.1 12.8 13.1 11.9 12.0 12.2 12.1 11.7 10.9 11.2 10.6 10.8 10.1 10.0 10.0 • Colder temperatures, on average, during the quarter (specially in May) prompted a 2% higher energy demand from retail along the 2Q24. • 4%
Slide 9: Central Puerto's Consolidated operating metrics
Central Puerto’s Consolidated operating metrics(1) Energy Generation Thermal Availability(2) (GWh) (%) Steam & gas turbines +223 +5% 95% 98% 78% 77% 72% 70% 70% 68% 48 (30) 60% 55% 474 (270) Puerto Lujan de Brigadier Central CEPU Market 4,966 4,985 4,985 Nuevo/Nuevo Cuyo Lopez Costanera Puerto 4,762
Slide 10: Revenues breakdown
2Q24 Revenues breakdown (1) Revenues (1) (US$ mm) +21 15% Spot Sales (Legacy) ▲ Non-cash effect on the gap between currency devaluation and inflation. ▲ Higher generation from Piedra del Aguila. ▲ Higher availability of thermal units, specially in Central Costanera. BA CC also increased its generati
Slide 11: Reconciliation of Adj. EBITDA
2Q24 Reconciliation of Adj. EBITDA(1) Sales ▲ Higher aggregate sales, driven mainly by spot sales and Adj. EBITDA (1) sales under contracts. (US$ mm) ▲ Non-cash effect on the gap between currency (17) devaluation and inflation. (27%) Cost of Sales ▲ Lower consumption of materials and spare parts, co
Slide 12: Reconciliation of Net Income
2Q24 Reconciliation of Net Income(1) Net Income (1) (US$ mm) (9) Non-Cash Effects + FONI FX Differences and Interest (54%) ▲ Results driven by the change in purchasing power of the currency (+USD 41 MM). ▲ Variation on biological asset (+ USD 3 MM). ▲ Lower depreciation & amortization (+ USD 8 MM).
Slide 13: 6M24 Consolidated Cashflow
6M24 Consolidated Cashflow (1) Cashflow Bridge (1) (US$ mm) Operating Cash Flow (19) ▲ Income before income tax of the period (19%) ▲ Interest earned from clients. ▼ Tax payments. Investing Activities ▼ CAPEX San Carlos and Brigadier Lopez projects. ▲ Sale of financial assets. Financing Activities ▼
Slide 14: Low leverage ratio and manageable short-term maturities
Low leverage ratio and manageable short-term maturities Debt Maturity schedule(1)(2) (US$ mm.) 128 Net Debt/ Adj. 50 EBITDA(3) 82 83 64 47 56 0.9x 29 30 30 23 17 18 18 16 14 6 28 14 13 12 12 12 12 2 8 3Q24 4Q24 2025 2026 2027 2028 2029 (+)2030 Corporate Loan Project Finance Corporate Bond (1) As of
Slide 15: Questions & Answers
2Q24 Earnings Webcast August 12th, 2024 Questions & Answers
Slide 16: 2Q24 Earnings Webcast
2Q24 Earnings Webcast August 12th, 2024 16