Slide 1: First Half Results
First Half Results 30 July 2021
Slide 2: Making headway with our 10-year growth strategy
making headway with our 10-year growth strategy 2
Slide 3: 1H2021 Beneficial EBITDA
Quarterly Breakdown 1H2021 Beneficial EBITDA -22% in PHP millions 41% vs 1H2020 *+27% vs 2Q2020 47% +41% vs LY: ● +9% higher WESM dispatch 15% ● +6% higher water inflows ● +5% GNPD commissioning revenue ● +4% higher demand ● +17% other income 3
Slide 4: 1H2021 Core Income
1H2021 Core Income EBITDA Net Interest Depcn. & Amort. Tax & Others Core Income Expense Php mn 1H2020 1H2021 Change EBITDA 17,559 24,760 41% Less: Net Interest Expense 6,830 7,100. Aa% Depcn. & Amort. 5,368 5,494 2% Tax & Others 1,847 2,037 10% Core Income 3,513 10,129 188% Qo AboitizPower EPS 0.48
Slide 5: 1H2021 Net Income
1H2021 Net Income Core Income Net Income Php mn 1H2020 1H2021 Change Core Income 3,513 10,129. 188% Net Income 3,737 10,134 171% EPS 0.51 1.38 Qo AboitizPower
Slide 6: Balance Sheet Highlights
Balance Sheet Highlights *Total Interest Bearing Debt / Total Equity 6
Slide 7: Operating Highlights: Capacity Sales
Operating Highlights: Capacity Sales Capacity Sales in MW 6% 7
Slide 8: Operating Highlights: Revenue and Energy Sold
Operating Highlights: Revenue and Energy Sold Revenue Energy Sold in PHP millions in GWh 10% 23% 8
Slide 9: Operating Highlights: Gross Margin
Quarterly Breakdown Operating Highlights: Gross Margin in PHP millions in PHP millions 23% 9% 16% 26% 34% in GWh 9% 11% -19% in GWh 16% 9
Slide 10: Operating Highlights: Selling Prices (P/kWh)
Operating Highlights: Selling Prices (P/kWh) 119% 12% 10
Slide 11: Operating Highlights: Availability - 1H2021
Operating Highlights: Availability - 1H2021 Lower than 86% in 1H 2020 NERC – North American Electric Reliability Corporation 11
Slide 12: Operating Highlights: Distribution
Operating Highlights: Distribution Beneficial Power Sales in GWh 4% Customer Type Peak Demand in GWh in MW 4% 6% 12
Slide 13: Operating Highlights: Distribution
Operating Highlights: Distribution Gross Margin / kWh Feeder Loss 1.64 1H2020 13
Slide 14: Operating Highlights: WESM
Operating Highlights: WESM Q22021 Ave LWAP P5.67 (P/kWh) 1H2021 Ave LWAP P4.24 (P/kWh) Q12020 Ave LWAP P2.94 (P/kWh) Q12021 Ave LWAP 1H2020 Ave LWAP P2.82 (P/kWh) Q22020 Ave LWAP P2.56 (P/kWh) P2.17 (P/kWh) 14
Slide 15: Luzon and Visayas Average Weekly Peak Demand
Luzon and Visayas Average Weekly Peak Demand June W4 2021 vs 2020 +7% June W4 2020 vs 2019 -2% Dec W4 2020 vs 2019 0% 2021 Ave. LuzVis Weekly Peak Demand 2020 Ave. LuzVis Weekly Peak Demand 2019 Ave. LuzVis Weekly Peak Demand Luzon Weekly Peak Demand Visayas Weekly Peak Demand Beginning of ECQ Holy
Slide 16: Luzon Supply and Demand
Luzon Supply and Demand We are concerned about the tight situation of the grid 16
Slide 17: Project Update
Project Update Grid Project Capacity (Net) % Ownership Attributable Net Estimated Commercial Sellable Capacity Operation Date Luzon Dinginin Unit 1 (Coal – GNPD) 668 MW 70% 468 MW Q3 2021 Dinginin Unit 2 (Coal – GNPD) 668 MW 70% 468 MW Q2 2022 SNAP Magat Floating Solar 150 MW 50% 75 MW Ongoing devel
Slide 18: GNPower Dinginin
GNPower Dinginin 2 x 668 MW of Coal Power GNPower Dinginin 2 x 668 MW of Coal Power 18
Slide 19: TMI Hybrid Battery Energy Storage System
Plate Cutting Building Envelope Materials TMI Hybrid Battery Energy L Profiles Batch 1 Storage System (BESS) 49MW L Profiles Batch 2 19
Slide 20: SNAP Magat Battery Energy Storage System
SNAP Magat Battery Energy Storage System (BESS) 20MW 20
Slide 21: Floating Solar 150 MW of Solar Power
Floating Solar 150 MW of Solar Power 21
Slide 22: PV Sinag Power
PV Sinag Power 78 MW of Solar Power 22
Slide 23: MakBan and Tiwi Capacity Optimization Projects
MakBan and Tiwi Capacity Optimization Projects 65 MW of Geothermal Power 23
Slide 24: FTSE4Good constituent recognition
“Having been recognized as a FTSE4Good constituent for four years in a row is an affirmation of what we are doing. Sustainability has always been at the core of our operations and with this development, we are even more encouraged to strengthen our ESG standards and practices.” Emmanuel V. Rubio, Ab
Slide 25: AboitizPower
20 AboitizPower