Slide 1: First Nine Months Results
First Nine Months Results 04 November 2021
Slide 2: a partner for sustainable growth
a partner for sustainable growth 2
Slide 3: Beneficial EBITDA up by 29%
Quarterly Breakdown Beneficial EBITDA up by 29% 21% in PHP millions 29% vs 9M2020 *+11% vs 3Q2020 34% +29% vs LY: ● +15% higher WESM dispatch 6% ● +9% higher availability of TLI, TSI, TVI facilities ● -12% GMEC outage ● +4% GNPD commissioning revenue ● +4% higher water inflows ● +9% other income 3
Slide 4: Core income up by 143%
Core income up by 143% EBITDA Net Interest Expense Php mn EBITDA Less: Net Interest Expense Depcn. & Amort. Tax & Others Core Income EPS Qo AboitizPower Depcn. & Amort. Tax & Others Core Income 9M2020 9M2021 _Change 29,401 37,847 29% 10,179 10,250 1% 8,165 8,422. 3% 4,580 3,452 -25% 6,477 15,723 143
Slide 5: Net income up by 124%
Net income up by 124% Core Income Net Income Php mn 9M2020 9M2021 Change Core Income 6,477 157723, 143% | Net Income 7,006 7 124% EPS 0.95 Qo AboitizPower
Slide 6: Balance sheet remains strong
Balance sheet remains strong *Total Interest Bearing Debt / Total Equity 6
Slide 7: Capacity sales grew by 8%
Capacity sales grew by 8% Capacity Sales in MW 8% 7
Slide 8: Revenue and energy sold increased
Revenue and energy sold increased Revenue Energy Sold in PHP millions in GWh 26% 11% 8
Slide 9: Gross margin increased by 22%
Quarterly Breakdown Gross margin increased by 22% in PHP millions in PHP millions 26% 15% 22% 22% 53% in GWh 10% 9% in GWh -12% 3% 9
Slide 10: Spot and BCQ selling prices increased
Spot and BCQ selling prices increased in (P/kWh) 103% 14% 10
Slide 11: Availability of TLI, TSI and TVI is at 85%
Availability of TLI, TSI and TVI is at 85% TLI, TSI, TVI at 85% NERC – North American Electric Reliability Corporation 11
Slide 12: Beneficial power sales increased
Beneficial power sales increased Beneficial Power Sales 5% in GWh Customer Type Peak Demand in GWh in MW 5% 7% 2% 12
Slide 13: Average gross margin slightly declined
Average gross margin slightly declined Gross Margin / kWh Feeder Loss 1H2020 1.67 13
Slide 14: Average YTD LWAP increased
Average YTD LWAP increased Q22021 Ave LWAP P5.67 (P/kWh) Q12020 Ave LWAP P2.94 (P/kWh) Q32021 Ave LWAP P4.86 (P/kWh) 9M2021 Ave LWAP P4.45 (P/kWh) Q12021 Ave LWAP Q32020 Ave LWAP P2.82 (P/kWh) P2.54 (P/kWh) 9M2020 Ave LWAP Q22020 Ave LWAP P2.17 (P/kWh) P2.55 (P/kWh) 14
Slide 15: Luzon and Visayas average weekly peak demands were higher
Luzon and Visayas average weekly peak demands were higher Sep W4 2021 vs 2020 +4% Sep W4 2021 vs 2020 +6% 2021 Luzon Weekly Peak Demand 2020 Luzon Weekly Peak Demand 2021 Visayas Weekly Peak Demand 2020 Visayas Weekly Peak Demand Beginning of ECQ Holy Week Independence Day 15
Slide 16: Luzon supply and demand situation is tightening
Luzon supply and demand situation is tightening 16
Slide 17: We are working on 1,314 MW of disclosed projects
We are working on 1,314 MW of disclosed projects Grid Project Capacity (Net) % Ownership Attributable Net Estimated Commercial Sellable Capacity Operation Date Luzon Dinginin Unit 1 668 MW 70% 468 MW COC Dec 2021 Dinginin Unit 2 668 MW 70% 468 MW Magat Floating Solar 150 MW 50% 75 MW Ongoing develop
Slide 18: Dinginin Unit 1 and 2 coal power in final stages of construction
Dinginin Unit 1 and 2 2 x 668 MW of coal power is in the final stages of construction 18
Slide 19: Maco Hybrid Battery Energy Storage System (BESS)
Maco Hybrid Battery Energy Storage System (BESS) Battery Containers 49MW will be installed BESS Pontoon 19
Slide 20: Magat Battery Energy Storage System (BESS)
Magat Battery Energy Storage System (BESS) 20MW is being developed 20
Slide 21: Magat Floating Solar
Magat Floating Solar We plan to install up to 150 MW 21
Slide 22: Cayanga Solar
Cayanga Solar 75 MW of Solar Power are underway Joint inspection of excavation limits Establishment of temporary facility and guard post at site 22 Delivery of slope protection materials Widening along curves for accessibility of dumptruck
Slide 23: ee Ba hy!
ee Ba hy!
Slide 24: We are powering progress toward a decarbonized energy future
We are powering progress toward a decarbonized energy future AT THE FOREFRONT OF SUSTAINABILITY. WE GOT YOUR VACC. AboitizPower President and CEO AboitizPower is committed to supporting the MAKING THAT DIGITAL LEAP. The streamlined operations Emmanuel V. Rubio (top, center) shares a light country’s
Slide 25: AboitizPower
20 AboitizPower