Central Puerto Sa · BCBA:CEPU

Central Puerto Sa — Investor Presentation (September 2022)

18 slides from Central Puerto Sa's investor presentation, September 2022

  1. Slide 1: Company Presentation

    Company Presentation September 2022

  2. 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

  3. Slide 3: Company Description

    Company Description MAIN OPERATING METRICS

  4. Slide 4: Power Generation and FONI

    Power ◼ 4,809 MW of installed capacity Generation -16.5 TWh generated in LTM 3Q 2022 with 11.9% market share ◼Receivables under FONI program. Expected capital collection for 2022: US$ 55 million. ◼Capital and interest collected in 9M 2022 were US$ 53 million*. FONI Receivables ◼FONI receivables to b

  5. Slide 5: Corporate structure and main financial figures

    Corporate structure and main financial figures 63% 23% 8% 4% 2% Local shareholders ADRs holders Federal Government Neuquén Province Power generation of Central Puerto and its consolidated subsidiaries (LTM 3Q information ended on September 30, 2022)1 Adjusted EBITDA2 Sales2 excl. impairment and FONI

  6. Slide 6: Well diversified portfolio of generation assets

    Power Well diversified portfolio of generation assets Generation POWER CAPACITY (MW)2 ASSETS IN OPERATION FONINVEMEM PLANTS - 1 Puerto Complex 1,747 - 2 Piedra del Águila 1,441 - 12 3 Luján de Cuyo 576 - 13 10 9 4 Brigadier Lopez 281 - 3 8 4 5 11 5 San Lorenzo 391 - 1 6 La Castellana I & II 116 - -

  7. Slide 7: Expansion Plan 2017 – 2021

    Power Expansion Plan 2017 – 2021 Generation +2% 4,809 23 +12% 57 4,709 23 48 Puerto Complex Castellana I & II INSTALLED 57 Piedra Del Aguila Genoveva I & II CAPACITY 48 130 Lujan De Cuyo Achiras 2017 - 2021 Brigadier Lopez Manque 130 +1,171 MW 116 San Lorenzo Olivos +32% 116 +11% 4,218 391 24% 48 29

  8. Slide 8: Private sector power generation market shares (TWh)

    Power Private sector power generation market shares (TWh) Generation SADI’s total power generation by private sector companies and market share, October 2021 - September 2022 11.9% 12.8% 7.0% 8.2% 60.1% 83.7 16.5 17.8 9.7 11.5 Other Balanced portfolio with different technologies in place… … coupled

  9. Slide 9: High quality assets with strong and stable operational performance

    High quality assets with strong and stable operational Power Generation performance Average availability of thermal units Central Puerto Power generated (TWh) Market Average 1 Thermal Hydro Wind . 91% 93% 16.6 14.5 16.5 89% 16.6 17.4 14.8 14.5 88% 88% 0.0 14.3 1.6 84% 0.2 0.7 3.7 4.2 3.9 1.3 1.6 79%

  10. Slide 10: High portion of operating cash flow through long term contracts

    High portion of the operating cash flow through long term contracts and with protection mechanisms EBITDA contribution by regulatory framework 30% 29% Spot – Energía Base 41% 42% Contracts – Thermal Units 71% Backed by reserve fund financed of EBITDA 19% 18% Contracts – RenovAr by the World Bank (FO

  11. Slide 11: Wind Energy Portfolio

    Power Wind Energy Portfolio Generation Central Puerto’s Wind Farms1 RenovAr Program Term Market (MATER) 1 2 3 4 5 6 7 La Castellana I Achiras I La Genoveva I La Castellana II Manque Los Olivos La Genoveva II 100.8 MW 48 MW 88.2 MW 15.2 MW 57 MW 22.8 MW 41.8 MW Capacity and technology wind farm wind

  12. Slide 12: Largest private player in FONI consortium operating combined cycles

    FONI Largest private player in FONI consortium operating Receivables and stake in combined cycles totaling 2,554 MW Plants Assets under the FONINVEMEM program 1 San Martín 2 Manuel Belgrano 3 Vuelta de Obligado Combined Cycle 865 Combined Cycle 873 Combined Cycle 816 Plant MW MW MW COD: 2010 COD: 20

  13. Slide 13: Environmental, Social and Governance

    Environmental, Social and Governance Sustainability Report 2021 – 4th Edition • CO2E Emissions (2021 VS. 2020): -13% • Total CO2E Emission Factor [T/MWH] 0.362 • Number of wind turbines installed: 104 • Renewable energy generated in 2021: 1,569,475 MW • 4,533 Training hours • 46% New female personne

  14. Slide 14: Main Financials

    Company Description MAIN FINANCIALS 1. Financial Position 2. Adjusted EBITDA Reconciliation 3. Foreign Exchange Rate Evolution

  15. Slide 15: Financial Position

    Financial Position Debt Principal as of September 30, 2022 (US$ MM)1 CENTRAL PUERTO SUBSIDIARIES CONSOLIDATED 237 363 126 Weighted average maturity Weighted average maturity Weighted average maturity 2.3 years 4.5 years 3.6 years Project Finance Long Term Debt Debt Principal Amortization Schedule as

  16. Slide 16: Adjusted EBITDA Reconciliation

    Adjusted EBITDA Reconciliation Source: Company information * See “Disclaimer—Adjusted EBITDA” above for further information. 2021 Financial Figures have been restated to be expressed in the currency unit as of September 30, 2022. The inflation adjustment factor between December 31, 2021 and Septembe

  17. Slide 17: Foreign Exchange Rate Evolution

    Foreign Exchange Rate Evolution Exchange rate quoted by Banco de la Nación Argentina for wire transfers (“divisas”) Year Period High Low Average End 2018 3Q 2018 41.2500 27.2100 31.9583 41.2500 4Q 2018 40.5000 35.4000 37.1457 37.7000 1Q 2019 43.8700 36.9000 39.0054 43.3500 2Q 2019 45.9700 41.6200 44

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