Slide 1: 3Q & 9M21 Financial Results and Business Update Presentation
ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com ACWA Power – 10 November 2021 3Q & 9M21 Financial Results and Business Update Presentation
Slide 2: Disclaimer
Disclaimer This document and the information contained therein (the "Information") has been prepared by International Company For Water & Power Projects (the "Company") for background purposes only and does not purport to be full, accurate or complete. No reliance may be placed for any purpose on th
Slide 3: We are on track to deliver on our commitments
We are on track to deliver on our commitments Investment story Key (recent) developments 1 • Sudair PV (1500MW) financial close (PIF pipeline) • DEWA V Phase A (300MW) ICOD Market: Leader in high growth attractive markets • Jazan financial close and Group A asset transfer (in October) ACWA POWER INV
Slide 4: Key business developments in the third quarter of 2021
Key business developments in the third quarter of 2021 • Platform of 65 assets across 13 countries, at total estimated project cost of SAR 252 ($67) billion • 39 in operation, SAR 100.3 ($26.7) billion • 13 under construction, SAR 59.1 ($15.7) billion • 13 in advanced development, SAR 92.4 ($24.6)
Slide 5: Key reporting metrics and IR tools
Key reporting metrics and IR tools Financial Metrics Description Operating income • Consolidated Operating income before impairment loss and other expenses before impairment loss which also includes share in net results of equity accounted investees and other expenses • Quarterly Adjusted profit / (
Slide 6: Key factors affecting the financial results of the third quarter of 2021
Key factors affecting the financial results of the third quarter of 2021 in comparison to the same period in 2020 • IPO employee incentive plan comprising shares and cash benefits was granted on 28 September 2021, recognizing in 3Q21 a total expense of SAR 280.0 million (SAR 231.7 corresponding to 4
Slide 7: Key financial metrics for the nine months ended September 2021
Key financial metrics for the nine months ended 30 September 2021 Operating income (9M21) • Shift of financial close of some projects to 4th quarter resulted in lower development and construction management fees, impacting operating income unfavorably in the 3rd quarter • Higher operating income fro
Slide 8: Adjustments to ACWA Power's Profit / (Loss) attributable to equity holders of the parent
Adjustments to ACWA Power's Profit / (Loss) attributable to equity holders of the parent SAR million 9M 2020 9M 2021 Change • Barka: Contract expiry, SAR 60M Profit / (Loss) attributable to equity holders of the parent 850 420 -50.6% • Shuqaiq (SQWEC): Impairment loss on sale of Impairments in relat
Slide 9: Key developments in the 4th quarter
Key developments in the 4th quarter • Jazan equity injection completed by utilizing Sukuk proceeds following successful launch of SAR 2.8 billion Islamic bond in June 2021. • Jazan achieved financial close on 18 October 2021 and Phase 1 asset transfer completed on 27 October 2021 and is expected to
Slide 10: ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com
ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com 21