Aboitiz Equity Ventures Inc. · PSE:AEV
Aboitiz Equity Ventures — Aboitiz Power — Investor Presentation (November 2025)
24 slides from Aboitiz Equity Ventures's investor presentation, November 2025
Slide 1: Investor Presentation November 2025
Investor Presentation November 2025
Slide 2: 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
Slide 3: AboitizPower is a leading Philippine energy provider
AboitizPower is a leading Philippine energy provider ● AP generates 1 in 5 MW of installed ● AP, through its retail subsidiaries, ● AP owns nine distribution utilities, capacity in the Philippines holds 28% of the PH market share including the Philippines’s second and ● AP and its partners have the
Slide 4: Transition Business Group
Power Generation Transistion Business Group Building the future today by leading the energy transition and ensuring energy security and equity 17 4,103 MW 1 2 4 3 total attributable net sellable capacity as of Jun 2025 facilities Our power generation capabilities extend nationwide: 1. Bataa n 5. Ceb
Slide 5: Renewable Generation Business Group
Power Generation Renewable Generation Business Group 2 1 Energizing communities, uplifting lives 3 4 5 6 34 1,418 MW* total attributable net sellable capacity as of Jun 2025 7 8 facilities Our power generation capabilities extend nationwide: 1. Ilocos Sur Luzon Hydro Corporation - Bakun AC Hydro (74
Slide 6: Generation portfolio
Power Generation Generation portfolio As of Oct 2025, coal assets account for 55% of our total generating portfolio, down from 61% in Dec 2024. Attributable capacity 5,614 MW 5,055 4,577 660 3,972 521 614 142 3,494 3,488 290 290 290 47 607 San Manuel solar 290 592 607 (93MWp) energized in 290 46 290
Slide 7: Progress continues across RE pipeline
Power Generation Progress continues 8 MW Magat BESS 2 159 MWp Laoag Solar Energized Apr 2024 across RE pipeline 2H 2026 Completion: 78% 12 MW Magat BESS 1 Commissioned Jan 2024 596 MW of the initial renewable 20 MW Binga BESS energy pipeline are operating as of 2H 2026 95 MWp Cayanga Solar Oct 2025.
Slide 8: Distribution Business Group
Distribution Utilities Distribution Business Group Empowering the evolution of our cities 9 5,114 km2 1 2 utilities total service area 3 1.07mn 6,631 GWh total energy sales (January-December 2024) no. of households 4 Our distribution utilities cover high-growth areas in the country: 1. Zambales 4. C
Slide 9: Retail Electricity Supply
Retail Electricity Supply Retail Business Group Empowering a brighter future, innovating energy for everyday life AboitizPower retail electricity suppliers (RES) collectively hold the top market share at 28.07% in terms of actual demand in the Philippines* *Compet itive Retail Electricity Market (CR
Slide 10: AboitizPower has a strong financial track record
AboitizPower has a strong financial track record The Company’s financial performance has been on an upward trajectory since 2020. 80 25% 73.3 70 64.6 21% 20% 20% 60 55.8 19% 50.4 50 16% 43.5 15% 40 33.1 33.9 11% 10% 30 26.0 19.1 20 12.6 5% 10 0 0% 2020 2021 2022 2023 2024 Beneficial EBITDA Net Incom
Slide 11: History of sustained dividend payouts
History of sustained dividend payouts The sustainable cash generation of its operations and its robust balance sheet enables AboitizPower to fund its organic- and M&A-driven growth, as well as pay dividends. P2.50 7.0% 6.1% 5.7% 6.0% P2.00 4.9% 5.0% 4.2% P1.50 3.4% 4.0% P2.30 P2.35 3.0% P1.00 P1.87
Slide 12: Balance sheet remains primed for growth
Balance sheet remains primed for growth AboitizPower’s leverage is managed strategically in preparation for growth. PHPm CONSOLIDATED 31 Dec 2020 31 Dec 2021 31 Dec 2022 31 Dec 2023 31 Dec 2024 30 Sep 2025 Cash and Cash Equivalents 38,700 57,130 64,764 54,539 56,759 62,622 Investments and advances 6
Slide 13: Debt is predominantly fixed and long-term
Debt is predominantly fixed and long-term Disciplined management of balance sheet and debt supports AboitizPower’s long-term growth plans. Debt maturity profile Currency Exposure As of Sep 2025 As of Sep 2025 PHPb PHPb Non-PHP, 11% 102.0 3.4 3.4 16.4 4.2 30.5 27.9 23.9 20.9 PHP, 89% 8.7 2025 2026 20
Slide 14: Annex
ANNEX Aboitiz 252} cr2028 -
Slide 15: 9M25 Results highlights
9M25 results 9M25 Results highlights • Beneficial EBITDA for 9M25 recovered to PHP56.3b. The reduced spot exposure and higher water inflow at the hydro plants drove 3Q25 performance, offsetting the weakness in the first half. • The full impact of GNPD’s depreciation and interest expense (PHP4.4b in
Slide 16: Strong 3Q25 brings 9M25 back in line
Power Generation 9M25 results Strong 3Q25 brings 9M25 back in line AboitizPower’s reduced spot exposure and the higher water inflow at its hydro plants drove the 12% YoY and 16% QoQ growth in beneficial EBITDA for 3Q25, offsetting the first half weakness. Beneficial EBITDA PHPb Power generation cont
Slide 17: Total energy sold in 9M25 grew by 19% YoY
Power Generation 9M25 results Total energy sold in 9M25 grew by 19% YoY Of the total energy sold, only 11% was sold to the spot market in 9M25, vs 21% in 9M24. Total energy sold GWh The shift in volumes, from spot to 7,435 GWh 32,138 GWh 21,331 GWh BCQ, is the result of AP’s +35% YoY +19% YoY +43% Y
Slide 18: Contracting target achieved ahead of schedule
Power Generation 9M25 results Contracting target achieved ahead of schedule Including our new LNG plants, ~90% of our baseload capacity is now contracted as of Sep 2025 - ahead of target. This is up from 87% in Jun 2025. Contracted Baseload* Capacity as of Sep 2025 MW Contracts for 741MW worth of LN
Slide 19: Beneficial revenue in 9M25 grew by 14% YoY
Power Generation 9M25 results Beneficial revenue in 9M25 grew by 14% YoY Fresh contributions from Chromite Gas Holdings and our new solar power plants more than offset the impact of lower BCQ and spot prices. Revenue Average BCQ revenue per kwh PHPm PHP/kwh 5.44 5.33 Decline is largely due to the so
Slide 20: Gross profit in 9M25 grew by 5% YoY
Power Generation 9M25 results Gross profit in 9M25 grew by 5% YoY The increase in sales volumes and the lower spot exposure offset the decline in selling prices, such that the gross profit of the Power Generation segment was up 5% YoY. Gross Profit PHPm 9M24 9M25 137,266 65,225 The average gross pro
Slide 21: Total energy sold in 9M25 grew by 19% YoY
Power Generation 9M25 results Total energy sold in 9M25 grew by 19% YoY Of the total energy sold, only 11% was sold to the spot market in 9M25, vs 21% in 9M24. Total energy sold GWh The shift in volumes, from spot to 7,435 GWh 32,138 GWh 21,331 GWh BCQ, is the result of AP’s +35% YoY +19% YoY +43% Y
Slide 22: Power sales from the DU segment rose by 5% YoY
Distribution Utility 9M25 results Power sales from the DU segment rose by 5% YoY Sustained demand growth lifted EBITDA contributions from our distribution utility (DU) segment to PHP7.0b in 9M25. Volume sales GWh; beneficial basis 6,631 6,157 5,167 5,785 5,583 +5% 5,368 4,939 YoY Residential 1,622 G
Slide 23: CAPEX deployment continues to be back-ended
9M25 results CAPEX deployment continues to be back-ended AboitizPower has deployed PHP64.2b as of Sep 2025 on M&A and its new builds. CAPEX spend PHPb 64.2 46.9 26.6 9.9 4.1 3.0 0.4 FY24 9M25 M&A RE Thermal DU Others Figures based on 100% 23
Slide 24: AboitizPower
6 AboitizPower | sf 612025
Aboitiz Power — Investor Presentation (November 2025) on 6ix