Central Puerto Sa · BCBA:CEPU
Central Puerto Sa — Q3 2024 Earnings Presentation
16 slides from Central Puerto Sa's earnings presentation, Nov 11, 2024
Slide 1: 3Q24 Earnings Webcast
3Q24Earnings Webcast November 11th, 2024
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: Agenda
3Q24 Earnings Webcast - Agenda ▪ 3Q24 Key Figures ▪ Regulatory Update and News ▪ Argentine Market Overview ▪ Central Puerto’s consolidated main operating metrics ▪ Financial Results ▪ Questions & Answers 3
Slide 4: 3Q24 Key Figures
3Q24 Key Figures(1)(2) Installed Energy Revenues Adj.EBITDA(4) Net Income Net Debt Capacity(3) Generation US$ MM US$ MM US$ MM US$ MM MW GWh 3Q24 3Q24 3Q24 3Q24 3Q24 6,703 5,685 185 93 40 149 (6%) Y/Y (1%) Y/Y +14%Y/Y +1% Y/Y +100% Y/Y (US$ 137 mm) vs Dec-23 (1) The results presented for the 3Q24 ar
Slide 5: Regulatory Updates and News
Regulatory Updates and News Resolution The thermal generation tender called Terconf was finally cancelled. SE N°151/2024 (July-24) Resolution Energy and capacity prices update for legacy units by 3% since SE N°193/2024 (Aug-24) August 1, 2024. Remuneration prices update for energy and power of gener
Slide 6: Regulatory Updates and News
Regulatory Updates and News Resolution Remuneration prices update for energy and power of generation SE N°20/2024 (Nov-24) units not committed in contracts (spot market) by 6% since November 1, 2024. A new extension for Piedra del Águila Hydroelectric concession On August 12, 2024, by means of Presi
Slide 7: Argentine market overview
Argentine market overview (1) Installed Capacity Energy Generation (MW) (TWh) (533) MW (1.0) TWh (1%) 43,453 42,920 35.9 (3%) 34.9 4% 4% 6% 7% 13% 15% 14% 16% 25% 22% 34% 23% 58% 59% 54% 46% 3Q23 3Q24 3Q23 3Q24 Thermal Hydro Renewable Nuclear Thermal Hydro Renewable Nuclear Thermal: Δ (240) MW • Ren
Slide 8: Argentine market overview
Argentine market overview (1) Local Energy Demand (TWh) +0.4 TWh +1% 13.6 14.0 13.1 13.1 13.1 12.6 13.2 0.5 0.1 12.9 12.5 12.2 11.9 12.0 11.7 12.2 12.1 (0.1) 11.8 11.8 10.6 10.9 10.0 11.2 11.0 10.8 10.1 10.0 10.3 10.2 • Colder temperatures, on average, during two- thirds of the quarter (specially in
Slide 9: Central Puerto's operating metrics
P ’ operating metrics(1) Energy Generation Thermal Availability (GWh) (%) (36) GWh Steam & gas turbines (1%) 96% 99% 82% 68% 68% 71% 72% 61% 57% 53% 666 (746) Puerto Lujan de Brigadier Central CEPU avg. Market avg. 61 Nuevo/Nuevo Cuyo Lopez Costanera Average 3Q24 (18) Puerto 5,721 3Q23 3Q24 5,685 Co
Slide 10: Revenues breakdown
3Q24 Revenues breakdown (1) Revenues (1) (US$ mm) +23 Spot Sales (Legacy) 14% ▲ Cash effect on the gap between currency devaluation and spot remuneration increases. ▲ Non-cash effect on the gap between currency devaluation and inflation. 3 2 1 ▲ Higher thermal generation (specially in Brigadier Lope
Slide 11: Reconciliation of Adj. EBITDA
3Q24 Reconciliation of Adj. EBITDA(1) Adj. EBITDA (1) Revenues (US$ mm) ▲ Higher aggregate sales, driven mainly by spot sales and sales under contracts. ~1 ▲ Cash effect on the gap between currency devaluation and 1% remuneration increases. ▲ Non-cash effect on the gap between currency devaluation 2
Slide 12: Reconciliation of Net Income
3Q24 Reconciliation of Net Income(1) Net Income (1) (US$ mm) 20 Non-Cash Effects + FONI FX Differences and Interest 100% ▲ Results driven by the change in purchasing power of the currency (lower inflation). ▲ Lower depreciation & amortization 15 ▼ FONI: Lower FX differences due to lower FX variation
Slide 13: 9M24 Consolidated Cashflow
9M24 Consolidated Cashflow (1) Cashflow Bridge (1) (US$ mm) Operating Cash Flow (17) ▲ Income before income tax of the period. (71%) ▲ Interest collect from clients. 184 ▲ Insurance recovery. ▼ Tax payments. Investing Activities ▼ CAPEX San Carlos and Brigadier Lopez projects ▼ Acquisition of financ
Slide 14: Low leverage ratio and manageable short-term maturities
Low leverage ratio and manageable short-term maturities Debt Maturity schedule(1)(2) (US$ mm.) 130 Net Debt/ Adj. 50 83 EBITDA(3) 82 24 47 29 30 30 56 0.5x 16 56 23 17 18 18 0 6 28 10 12 12 12 12 4Q24 2025 2026 2027 2028 2029 (+)2030 Corporate Loan Project Finance Corporate Bond (1) As of September
Slide 15: Questions & Answers
3Q24 Earnings Webcast November 11th, 2024 Questions & Answers
Slide 16: 3Q24 Earnings Webcast
3Q24 Earnings Webcast November 11th, 2024 16