Central Puerto Sa · BCBA:CEPU
Central Puerto Sa — Investor Presentation (September 2024)
19 slides from Central Puerto Sa's investor presentation, September 2024
Slide 1: Investor Presentation
Investor Presentation September 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: Who we are
Who we are Central Puerto has evolved to become the largest private Argentine generation company in terms of both installed capacity and power generation. 3
Slide 4: Central Puerto at a glance
Central Puerto at a glance 6,703 MW of installed capacity(1)(2) through a well diversified 21.4 TWh generated in LTM 3Q24. Market share: 15% (total SADI) / generation portfolio operating 14 Power Plants 20% (private Gencos) Spot portfolio(2) Renewables portfolio Foninvemen program Forestry Business
Slide 5: Key Financial Figures
Key Financial Figures Adj.EBITDA + FONI collections Spot market revenues (US$mm) Adj. EBITDA Revenues(1) (US$mm) Sales under contracts Steam sales 500 446 FONI Collections 120% Forestry activity revenues 390 Adj. EBITDA margin 450 362 110% 69 578 400 343 315 100% 510 566 537 350 75 73 376 456 27 32
Slide 6: Key Financial Figures LTM 3Q24
Key Financial Figures LTM 3Q24(1)(2) Installed Energy Revenues Adj.EBITDA(4) Net Income Net Debt Capacity(3) Generation US$ MM US$ MM US$ MM US$ MM MW TWh 6,703 21 602 273 235 149 (1) The results presented are positively or negatively affected, as appropriate, by a non-cash effect. Since the functio
Slide 7: Operating cashflow secured by long term contracts in dollars
+70% of Operating Cashflow is secured by long term contracts in dollars with protection mechanisms Adj. EBITDA contribution +US$ 67 MILLION by regulatory framework LTM 3Q24 collections under CVO 8% PPA – MATER (1)1 18% 60% PPA – RenovAr (2) of Adj.EBITDA Through long term • CVO receivables amount to
Slide 8: 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 82 83 EBITDA(3) 0.5x 24 47 56 29 30 30 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 9: Well diversified portfolio of generation assets
Well diversified portfolio of generation assets Assets in Operation Technology Power Capacity (MW) Remuneration (MW)(3) PPA term Installed(1) Available(2) Spot PPA 1 Central Costanera(6) Thermal 1,789 1,692 1,692(4) - - 2 Central Puerto Thermal 1,747 1,645 1,645(4) - - 9 3 Piedra del Águila Hydro 1,
Slide 10: Continuously expanding and diversifying our operated portfolio
Continuously expanding and diversifying our operated portfolio Installed Capacity(1) (MW) 3Q24 portfolio by technology Thermal Hydro 6,703 Renewbables 2% 4,809 4,218 6% 3,638 21% 2017 2019 2021 2024 Thermal: Thermal: Thermal: Thermal: . Puerto Complex . Puerto Complex . Puerto Complex . Puerto Compl
Slide 11: We are the leading private power generation company in Argentina
We are the leading private power generation company in Argentina Local Energy Demand (TWh)(1) Market Share Sep-24(1)(2) 16.0 (8%) 15% 14.0 13.6 13.1 14.0 12.8 10% 12.712.5 20% (21.4 TWh) 11.9 12.0 12.2 12.1 11.611.8 12.0 11.2 11.0 32% 10.8 10.5 5% 8% 10.0 10.0 5% 10.0 2% 0% 8.0 (1%) -2% -5% -4% 21%
Slide 12: Availability of thermal units
Availability of thermal units (1) Steam & Gas turbines (%) 96% 96% 95% 93% 98% 88% 86% 77% 78% 68% 73% 74% 62% 65% 59% 51% 2020 2021 2022 2023 LTM3Q24 Puerto Complex Lujan de Cuyo Brigadier Lopez Costanera Complex Combined Cycles (%) 97% 99% 99% 100% 93% 93% 91% 91% 89% 91% 88% 89% 84% 75% 71% 35% 2
Slide 13: Brigadier López Closing cycle project
Brigadier López Closing cycle project The project contemplates the addition of a heat recovery steam generator and a steam turbine to the existing dual fuel Siemens gas turbine of 281 MW, increasing the plant’s capacity by approximately 140MW, reaching a total installed capacity of 421 MW, enough to
Slide 14: The largest private player in the FONI Program
The largest private player in the FONI Program, with 2,554 MW combined cycle plants San Martín Manuel Belgrano Vuelta de Obligado 865 MW combined cycle 873 MW combined cycle 816 MW combined cycle COD: 2010 COD: 2010 COD: 2018 Transfer: 2020 Transfer: 2020 Transfer: 2028 Facilities Other Other Other
Slide 15: Renewables Energy Portfolio
Renewables Energy Portfolio RenovAr Program Term Market (MATER) La Castellana I Achiras La Genoveva I Guañizul II A La Castellana II Manque Los Olivos La Genoveva II Technology Wind Farm Wind Farm Wind Farm Solar farm Wind Farm Wind Farm Wind Farm Wind Farm Capacity 100.8 MW 48 MW 88.2 MW 104.6 MW 1
Slide 16: Central Puerto has become the largest forestry player in Argentina
Central Puerto has become the largest forestry player in Argentina Forestry asset's location The future development of the industry will allow the group to explore new business models focusing on increasing and diversifying revenue sources, generating exports, and San Miguel evaluating the feasibili
Slide 17: Thank You
Investor Presentation September 2024 Thank You
Slide 18: Regulatory Framework
Annex 1 Regulatory Framework Resolution Resolution Resolution SE N°9/2024 (Feb-24) SE N°99/2024 (Jun-24) SE N°285/2024 (Oct-24) Energy and capacity Energy and capacity Remuneration prices prices update for prices update for update for energy and legacy units by 74% legacy units by 25% power of gener
Slide 19: Contact Us
Investor Presentation September 2024 Contact Us LinkedIn Phone Number Central Puerto Central Puerto (5411) 4317 5000 Web / E-mail Location www.centralpuerto.com Av. Tomas Alva Edison 2701 inversores@centralpuerto.com Dársena E Puerto de Buenos Aires.
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