Slide 1: Company Presentation
C O M PA N Y P R E S E N TAT I O N November 19, 2019
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: Company Description, Financials, Appendix
COMPANY DESCRIPTION FINANCIALS APPENDIX Adjusted EBITDA Reconciliation Foreign Exchange rate
Slide 4: Central Puerto's value components at a glance
Central Puerto’s value components at a glance ◼ 4,234 MW of installed capacity After expansion projects are - 11% market share (14.2 TWh generated in LTM3Q2019) completed the Power ◼ 650 MW under construction with PPAs capacity will be: Generation - 470 MW in thermal projects, and 180 MW in renewabl
Slide 5: Corporate structure and main financial figures
Corporate structure and main financial figures Central Puerto has a well diversified shareholders base 63% 23% 8% 4% 2% Federal Local shareholders ADR holders Goverment Neuquén Province Power generation of Central Puerto and its consolidated subsidiaries (LTM ended on September 30, 2019) 1 Sales2 Ad
Slide 6: Well diversified portfolio of generation assets
Power Well diversified portfolio of generation assets generation Current geographic footprint Power capacity Assets in Assets under FONINVEMEM (MW)4 operation construction Plants 816MW 1 Puerto complex 1,714 - - 11 2 Piedra del Águila 1,440 - - 3 3 Luján de Cuyo 595 - - 14 13 3 10 4 Brigadier López
Slide 7: Central Puerto at a glance (cont'd)
Central Puerto at a glance (cont’d) Attractive growth pipeline Generation assets and projects under development breakdown by technology (MW) Awarded and under Brigadier López construction expansion 4,234 4,744 140 4,884 Renewables 180 385 385 205 330 471 471 Co Generation 141 1069 1069 1069 27 Steam
Slide 8: One of the largest private sector power generators in Argentina
One of the largest private sector power generator in Argentina with a Power generation diversified asset base Private sector power generation market shares (GWh) SADI’s total power generation by private sector companies and market share, October 2018 – September 2019 17.4% 18.3% 12.8% 16.2% 35.3% 28
Slide 9: High quality assets with strong and stable operational performance
Power generation High quality assets with strong and stable operational performance Assets with high availability… …a strong generation track record… Average availability of thermal units Market average1 Central Puerto Power generated (TWh) Historical low hydrological levels affected Piedra del Agui
Slide 10: Attractive growth profile: Luján de Cuyo cogeneration
Attractive growth profile Power generation On October 5, the new Luján de Cuyo cogeneration added 95 MW 1 Expansion of Lujan de Cuyo Power 95 MW capacity Heat rate 1,530 Kcal/KWh Steam production 125 tons per hour capacity Technology Cogeneration (electricity + steam) COD October 5, 2019 Electricity
Slide 11: Terminal 6 project will add 330 MW
Attractive growth profile Power generation Terminal 6 project will add 330 MW to Central Puerto’s installed capacity 1 Terminal 6 San Lorenzo Power 330 MW (for the winter) capacity Expected heat rate 1,490 Kcal/KWh Steam production 350 tons per hour capacity Technology Cogeneration (electricity + st
Slide 12: Brigadier López Plant purchase
Attractive growth profile Power generation Brigadier López Plant purchase The contract for the transfer of the plant was signed on June 14, 2019, effective as of April 1, 2019 US$ 155 millions in cash US$ 165 Plant Price millions US$ 10 million in trade receivables form CAMMESA Maturity: August 2022
Slide 13: Development of awarded renewable energy projects
Attractive growth profile Power generation Development of awarded renewable energy projects Central Puerto’s renewable projects1 RenovAr Program Term Market (MATER) 1 La 2 3 La 4 La 5 6 7 La 8 Achiras I Manque Los Olivos El Puesto Castellana I Genoveva I Castellana II Genoveva II Capacity and 100.8
Slide 14: Largest private player in FONI consortium
FONI Largest private player in FONI consortium operating combined cycles Receivables and stake in Plants totaling 2,554 MW Assets under the FONINVEMEM program 1 San Martín 2 Manuel Belgrano 3 Vuelta de Obligado Combined cycle Combined cycle Combined cycle Plant 865 MW 873 MW 816 MW overview COD: 201
Slide 15: Participation in the natural gas distribution business
Natural Gas Central Puerto also participates in the natural gas distribution business, Distribution and Transportation which also provides cash flow to its operation through dividends Stake in natural Gas Distribution companies Key performance indicators Stake* Stake in 40.59% DGCE • 12% market shar
Slide 16: Company Description, Financials, Appendix
COMPANY DESCRIPTION FINANCIALS APPENDIX Adjusted EBITDA Reconciliation Foreign Exchange rate
Slide 17: Strong cash flow generation and financial position
Strong cash flow generation and financial position US$ based revenues supported by additional FONINVEMEM cash flows Revenues Acq. Adj. EBITDA Net Income (US$mm)1 excluding CVOSA effect, and FX differences and (US$mm)1 interest on FONI receivables (US$mm)1 In Ps.mm: 28,686 16,411 6,021 498 309 105 LT
Slide 18: Favorable financial position, which allows to develop new projects
Favorable financial position, which allows to develop new projects Cash Position as of September 30, 2019 (US$ mm)1 CENTRAL PUERTO SUBSIDIARIES CONSOLIDATED Cash Financial Debt 96 117 20 Net Debt Position (199) (179) (275) (371) (453) Project Finance Long- Term Debt (570) Net Debt/ (LTM 3Q2019 Adj.
Slide 19: Company Description, Financials, Appendix
COMPANY DESCRIPTION FINANCIALS APPENDIX Adjusted EBITDA Reconciliation Foreign Exchange rate
Slide 20: Appendix: Adjusted EBITDA Reconciliation
Appendix Adjusted EBITDA Reconciliation Adjusted EBITDA Reconciliation LTM 3Q2019 Million Ps. 9M2018 (A) 2018 2018 (B)* 9M2019 (C) (B-A+C) Unaudited, subject to Unaudited, subject to limited review limited review Audited Unaudited Unaudited according to rule ISRE according to rule ISRE 2410 2410 Dec
Slide 21: Appendix: Foreign Exchange Rate Evolution
Appendix Foreign Exchange Rate Evolution Exchange rate quoted by Banco de la Nación Argentina for wire transfers (“divisas”) Year Period High Low Average End 1Q 2017 16.0800 15.3600 15.6795 15.3900 2017 2Q 2017 16.6300 15.1900 15.7575 16.6300 3Q 2017 17.7900 16.8000 17.2870 17.3100 4Q 2017 19.2000 1
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