Aboitiz Equity Ventures Inc. · PSE:AEV
Aboitiz Equity Ventures — Aboitiz Power — H1 2026 Earnings Presentation
18 slides from Aboitiz Equity Ventures's earnings presentation, Aug 6, 2026
Slide 1: 1H26 Earnings Results
1H26 Earnings Results Jan-June 2026
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: Sandro Aboitiz, Chief Financial Officer
Sandro Aboitiz Chief Financial Officer AboitizPower
Slide 4: 1H26 Results highlights
1H26 Results highlights • Beneficial EBITDA for 2Q26 rose to PHP23.0b, up 21% YoY (+13% QoQ), driven by higher margins attributable to stronger energy market prices, additional capacity from the Caliraya-Botocan-Kalayaan (CBK) Hydroelectric Power Plant Complex and from new solar power plants, which
Slide 5: 1H26 beneficial EBITDA grew by 27% YoY
1H26 beneficial EBITDA grew by 27% YoY The Generation segment, which accounted for 90% of beneficial EBITDA, was the primary driver of this growth. Beneficial EBITDA The 30% YoY increase in the Generation segment’s EBITDA was due to higher margins resulting from: PHPb 1H25 1H26 • increased contracte
Slide 6: Generation portfolio
Power Generation Generation portfolio As of June 2026, coal assets account for 50% of our total generation portfolio, down from 57% in Dec 2025. Attributable capacity 6,171 MW 5,451 Magat BESS 2 (8 MW) 40 4,736 660 Bay BESS (20 MW) 4,482 12 660 673 3,972 12 - 252 427 307 3,494 3,495 47 290 290 Olong
Slide 7: Steady progress across our renewable energy pipeline
Power Generation 8 MW Magat BESS 2 Steady progress across our Commissioned May 2026 12 MW Magat BESS 1 Commissioned Jan 2024 renewable energy pipeline 95 MWp (75 MWac) Cayanga Solar 846MW* (683 MWac) of the initial renewable energy 20 MW Ambuklao BESS Energized Oct 2023 Q2 2027 pipeline are operatin
Slide 8: Double-digit growth in Total Energy Sold
Power Generation Double-digit growth in Total Energy Sold Energy volumes sold through BCQs rose 17% year-on-year in 1H26, bringing contracted volumes to 85% of total energy sales for the period. As of June 2026, ~90% of our baseload capacity is under contract. Total energy sold GWh 5,789 GWh 22,764
Slide 9: Beneficial revenue in 1H26 grew by 28% YoY
Power Generation Beneficial revenue in 1H26 grew by 28% YoY Contributions from Chromite Gas Holdings, CBK, our new solar power plants, and higher energy market prices drove higher revenue. Revenue Average BCQ revenue per kwh PHPm PHP/kwh 5.32 5.64 NEWC averaged at USD127/MT in 1H26, higher than USD1
Slide 10: Gross profit in 1H26 grew by 23% YoY
Power Generation Gross profit in 1H26 grew by 23% YoY Despite higher generation and purchased power costs, gross profit in the Power Generation segment increased to PHP 41.7b, driven by higher sales volumes and stronger energy market prices. Gross Profit PHPm 1H25 1H26 The average gross profit per T
Slide 11: Power sales from the DU segment rose by 6% YoY
Distribution Utility Power sales from the DU segment rose by 6% YoY Despite higher energy sales, EBITDA contribution from the Distribution segment declined by 3% to PHP4.3b as topline gains were offset by the early incurrence of expenses. Volume sales GWh; beneficial basis 6,927 6,631 6,157 5,583 5,
Slide 12: One of the leading retail electricity suppliers
Retail Electricity Supply One of the leading retail electricity suppliers AboitizPower’s RES segment continues to be the biggest supplier, with a market share of 27% as of the latest CREM Report. AP RES Market Share Customer Type* MW AP Agriculture Utilities 2% Others 16% 27% 3% Residential Supplier
Slide 13: 1H26 NIAT 45% higher YoY
1H26 NIAT 45% higher YoY Strong EBITDA translated into NIAT of PHP18.4b, significantly higher by 45%. NIAT PHPm 1H25 1H26 43,325 10,606 34,099 9,253 10,454 8,684 4,239 18,026 18,422 3,068 13,094 12,667 EBITDA Less:Net Net EBITDAEBITDA Net interest interest expense interest expense Less:Depreciation
Slide 14: M&A-driven increase in leveraging
M&A-driven increase in leveraging Even with incremental borrowings for AboitizPower’s investments in Chromite, CBK and its renewable energy expansions, net debt to equity remains manageable at 1.17x. PHPm CONSOLIDATED 31 Dec 2025 30 Jun 2026 Cash and Cash Equivalents 58,932 62,658 Investments and ad
Slide 15: 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 Jun 2026 As of Jun 2026 PHPb PHPb Non-PHP, 11% 128.1 3.6 4.3 17.0 2.0 28.5 24.7 21.7 PHP, 89% 18.2 2026 2027 2028 2
Slide 16: Q&A
Q&A Aboitiz 282) c12028 -
Slide 17: Thank you
Thank you Aboitiz 282) c12028 -
Slide 18: o AboitizPower | st) 612025
o AboitizPower | st) 612025