Central Puerto Sa · BCBA:CEPU
Central Puerto Sa — Q2 2023 Earnings Presentation
14 slides from Central Puerto Sa's earnings presentation, Aug 14, 2023
Slide 1: 2Q23 Earnings Call
2Q23 Earnings Call August 14, 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: 2Q23 Results Call - Agenda
2Q23 Results Call - Agenda ◼2Q23 News ◼Argentine Market Overview ◼Central Puerto’s main operating metrics ◼2Q23 Financials ◼Q&A
Slide 4: 2Q23 News
2Q23 News Proener S.A.U acquires EVASA group In line with our strategy to increase our environmental performance and contribute to the global decarbonization targets on May 3rd, 2023, Proener S.A.U., acquired 100% of the capital stock and votes of the forestry companies Empresas Verdes Argentina S.A
Slide 5: Argentine Market Overview
Argentine Market Overview Installed Capacity (MW EoP) Energy Generation 42,881 43,405 5,366 (12%) Thermal 5,017 (12%) -8% Hydro 1,755 (4%) 1,755 (4%) Nuclear Renewable 10,834 (25%) 10,834 (25%) 20,522 18,877 -12% 25,275 (59%) 25,450 (59%) +1% 7,512 6,589 +3% 4,485 4,550 1,966 2,030 2Q22 2Q23 Thermal
Slide 6: Argentine Market Overview
Argentine Market Overview Energy Demand (GWh) -6% • Demand decreased on April, May and June: 34,947 32,931 ✓Historically higher temperatures specially in May and June, which caused lower energy demand. 16,043 ✓Part of the energy demand was covered with imports from Brazil. 14,464 Energy Demand per m
Slide 7: Central Puerto's main operating metrics – 2Q23
Central Puerto’s main operating metrics – 2Q23 Energy generation (GWh) +11% 7 6 470 4,762 4,280 2Q22 Generation Thermal Units Hydro Generation Renewable energy 2Q23 Generation 1% increase in energy 2% increase in energy 14% increase in energy generation generation from Piedra del generation due to a
Slide 8: Key Financial Data – 2Q23
Key Financial Data – 2Q23 Revenues (in billions of Ps.) Adj. EBITDA (1) (in billions of Ps.) -6% -34% 41.3 38.7 25.8 34.6 20.7 17.1 2Q22 1Q23 2Q23 2Q22 1Q23 2Q23 Net Income (in billions of Ps.) Debt Position (in billions of Ps.) -14% -22% 5.1 111.7 107.4 4.3 87.2 0.2 2Q22 1Q23 2Q23 2Q22 1Q23 2Q23 (1
Slide 9: Revenues breakdown
Revenues breakdown 2Q23 Revenues (in billions of Ps.) -6% (8.3) 1.8 4.9 (0.4) (0.5) (0.1) 41.3 38.7 32.0 2Q22 Revenues Δ Sales Under Δ Spot Sales Δ Steam Sales Δ Other Income 2Q23 Revenues Δ CECO Revenues Δ Forestry 2Q23 Revenues Contracts (Energia Base) excl. Acquisitions (Energia Base) Segment Rev
Slide 10: Reconciliation of Adj. EBITDA
Reconciliation of Adj. EBITDA(1) 2Q23 Adj. EBITDA(1) (in billions of Ps.) -34% (9.3) 1.2 (3.0) 1.4 25.8 (0.2) 1.3 17.1 14.6 2Q22 Adj. EBITDA (1) Δ Revenues Δ Cost of Sales Δ Adm and Δ Other results, net 2Q23 Adj. EBITDA Δ Adj. EBITDA CECO Δ Adj. EBITDA 2Q23 Adj. EBITDA (1) selling expenses excl. Acq
Slide 11: Consolidated Net income of Ps. 4.3 billion or 3.13 Ps. per share
Consolidated Net income of Ps. 4.3 billion or 3.13 Ps. per share 2Q23 Consolidated Net Income (in billions of Ps.) -14% 5.1 3.9 4.3 (8.7) 3.9 (2.1) 6.2 (3.9) 2Q22 Consolidated 2Q23 Adj. EBITDA (1) Δ Results on net Δ Financial Results Net Δ Income Tax Δ FONI FX Difference Δ Biological Assets 2Q23 Con
Slide 12: Cash Flow bridge
Cash Flow bridge 6M Cash Flow (in billions of Ps.) (12.2) 26.4 (21.5) 2.7 13.9 (4.7) 4.5 Cash at the beginning Operation Investing activities Financing activities Exchange differences Loss on net Cash at the end of the period and other financial results monetary position of the period Operations ▲Ne
Slide 13: 2Q23 Earnings Call Questions & Answers
2Q23 Earnings Call Questions & Answers
Slide 14: Slide 14