Central Puerto Sa · BCBA:CEPU
Central Puerto Sa — Q3 2020 Earnings Presentation
12 slides from Central Puerto Sa's earnings presentation, Nov 12, 2020
Slide 1: 3Q 2020 Results Call
3Q 2020 Results Call November 12, 2020
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
3Q 2020 Results Call Agenda ◼ 3Q 2020 Highlights and news ◼ Key Performance Indicators ◼ 3Q 2020 Financials ◼ Q&A 2
Slide 4: Effects of the Covid-19 and the Quarantine measures
3Q 2020 Highlights Effects of the Covid-19 and the Quarantine measures Demand fluctuation due to the Quarentine Monthly variation in electric energy demand GWh (2020 vs 2019) % 1500 15% Electric energy demand 10.1% 1000 10% was just 2.2% lower 2.5% 1.2% 1.2% 1.5% during the 3Q2020 as 500 1.019 5% 29
Slide 5: Projects under construction
Projects under construction La Genoveva I wind farm will reach its COD during November 2020, and Terminal 6 will begin the production from the gas turbine (open cycle) La Genoveva I wind farm Power capacity: 88.2 MW (21 windmills) 20 years PPA, starting on COD Partial commissioning: 50.4 MW in Sep-2
Slide 6: Key performance indicators – 3Q2020
Key performance indicators – 3Q2020 Energy generation and availability 3Q2020 Energy generation (GWh) (1%) 99 (281) 146 3,938 3,902 3Q2019 Generation Other thermal units Hydro generation Renewable energy 3Q2020 Generation New Luján de Cuyo Lower water New wind farms increased 107% (Q/Q) the Cogenera
Slide 7: Green bond issuance
Green bond issuance Manque-Los Olivos obtained the equivalent of U$S 50 million1 in the local capital markets Class 1 Equivalent amount1: US$ 35 million Currency of payment: argentine pesos at the official FX rate (Dollar-linked) The bonds were recognized by Fix Interest rate: 0% Ratings, an affilia
Slide 8: Revenues without considering fuel remuneration increased due to the electricity and steam sales under contracts
Revenues without considering fuel remuneration increased due to the electricity and steam sales under contracts form new units 3Q 2020 Revenues (in millions of Ps.) (1,696) (1,000) 886 233 40 10,616 8,920 9,079 3Q2019 Revenues ∆ Fuel 3Q2019 Revenues ∆ Energía Base ∆ Sales under ∆ Steam sales ∆ Other
Slide 9: Adj. EBITDA: lower FX dif. and interest on FONI receivables
Adj. EBITDA: lower FX dif. and interest on FONI receivables 3Q 2020 Adj. EBITDA (in millions of Ps.) (1,537) 749 208 (11,290) 19,314 238 7,682 3Q2019 Adj. ∆ Revenues ∆ Cost of sales ∆ Adm. and selling ∆ Other results, Depreciations and 3Q2020 EBITDA EBITDA expenses net amortizations Cost of sales ▲
Slide 10: Consolidated net income decreased due to lower operating results
Consolidated net income decreased due to lower operating results, partially compensated by lower financial expenses 3Q2020 Consolidated Net Income (in millions of Ps.) 4,817 (486) 1,883 2,287 (7,053) 8,847 (632) (272) 3Q2019 ∆ Operative Results ∆ Results on net ∆ Finance Income ∆ Finance ∆ Share of
Slide 11: Cash Flow bridge
Cash Flow bridge Cash Flow (in million Ps.) 12,848 (12,459) (1,938) 248 (176) 349 1,827 Cash at the Operation CAPEX and Financing Exchange Loss on net Cash at the end of begining of 2020 financial assets activities difference and monetary period other financial possition results Operations ▲ Operati
Slide 12: Many thanks for your attention!
Q&A Many thanks for your attention! 11