Aboitiz Power Corp. · PSE:AP
Aboitiz Power — BofA Philippines Corporate Day 2024
15 slides from Aboitiz Power's conference presentation, May 21, 2024
Slide 1: BofA Philippines Corporate Day
BofA Philippines Corporate day 21 May 2024
Slide 2: Our Businesses
Our Businesses Retail Electricity Power Generation Services Power Distribution Distributed Energy
Slide 3: AboitizPower is a leading Philippine energy provider
AboitizPower is a leading Philippine energy provider ● AP generates 1 in 5 MW of ● AP, through its retail subsidiaries, ● AP owns nine distribution utilities, installed capacity in the PH holds ~32% of the PH market including the PH’s second and ● AP and its partners have the share with over 500 con
Slide 4: Our Balanced Mix Portfolio
Our Balanced Mix Portfolio SOURCE ATTRIBUTABLE % 21% HYDRO 607.4 14% GEOTHERMAL 290.0 6% 79% SOLAR 46.8 1% COAL 3,039.8 68% 4,497.9 MW OIL 513.9 11% ATTRIBUTABLE NET SELLABLE CAPACITY Data as of Apr 2024 4,497.9 100%
Slide 5: 4,600 MW clean energy by 2030
94-MWp Cayanga Solar Power Project 4,600 MW clean energy by 2030 159-MWp Laoag Solar Power Project ≈1,000 MW wind, solar, geothermal, and battery storage projects in the pipeline as of 2024 17-MW Tiwi Binary Geothermal Power Project
Slide 6: The First 1,200 MW
20 MW Sablan Hydro 159 MWp* Laoag Solar Q3 2025 Q2 2024 The First 1,200 MW 45 MWp* Armenia Solar 12 MW Magat BESS Phase 1 Q4 2024 Commissioned Dec 2023 106 MW energized in 2023 212 MWp* Olongapo 94 MWp* Cayanga Solar Energized Oct 2023 Solar Q3 2025 17 MW Tiwi Binary 196 MWp* Luzon Solar Q2 2024 176
Slide 7: The Next 1,700 MW
169 MWp* Cagayan Solar 140 MWp* Laoag Solar Q3 2028 Q1 2028 The Next 1,700 MW 8 MW Magat BESS Phase 2 125 MW Ilocos Wind Q2 2026 Q3 2028 5 MW Magat Floating Solar 230 MW Q1 2027 under construction 175 MWp* Luzon Solar Q3 2026 40 MW Benguet BESS Ph 1: Q2 2026 Ph 2: Q2 2027 1,437 MW 161 MWp* Zambales
Slide 8: AP forays into LNG
AP forays into LNG Therma NatGas Meralco Power Inc The assets are cumulatively valued at PowerGen Corp a subsidiary of $3.3b. TNGP will fund its portion of the AboitizPower investment through a mix of internally generated cash and debt. 60% 40% Upon completion of the transaction, Chromite Gas Aboiti
Slide 9: AboitizPower has a strong financial track record
AboitizPower has a strong financial track record The company’s performance has been on an upward trajectory since 2020 16% 11% 16% 1% 27% 32% 66% 27%
Slide 10: AboitizPower has a strong financial track record
AboitizPower has a strong financial track record The company has kept its balance sheet strong in the last four years (in PHP mn) 2020 2021 2022 2023 Cash and Cash Equivalents 38,700 57,130 64,764 54,539 Investments and Advances 61,829 64,953 77,928 91,641 Property, Plant, and Equipment 203,451 203,
Slide 11: Last Quarter Highlights
Last Quarter Highlights Beneficial EBITDA in Q1 2024 was up by 10% YoY Total beneficial EBITDA reached PHP16.4B, higher by 10% than the same period in 2023. This was mainly attributable to the power generation segment, which was driven by 3% the higher portfolio margins and implementation of the new
Slide 12: Last Quarter Highlights
Last Quarter Highlights Core income increased by 3% YoY Php mn 1Q2023 1Q2024 Change The double-digit growth in our beneficial EBITDA drove AboitizPower’s core net EBITDA 14,884 16,387 10% income 3% higher to PHP7.9 billion. Less: Net Interest Expense 3,128 3,333 7% Depcn. & Amort. 2,955 3,204 8% Abo
Slide 13: What makes AboitizPower a compelling investment?
What makes AboitizPower a compelling investment? ● AboitizPower is a dominant force in the Philippine energy sector ● Our financial track record positions us for sustainable growth ● We extend our impact beyond electricity, empowering many Filipinos ● We are actively shaping the “future of energy”
Slide 14: 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
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