Slide 1: Earnings Call Presentation November 2022
ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com ACWA Power Company Earnings Call Presentation November 2022 For the three- and nine-months period ended 30 September 2022 3 November 2022
Slide 2: Disclaimer
Disclaimer This document and the information contained therein (the "Information") has been prepared by ACWA POWER Company (the "Company“ or “ACWA Power”) for background purposes only and does not purport to be full, accurate or complete. No reliance may be placed for any purpose on the Information
Slide 3: Agenda
ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com Agenda • Q&A • Highlights • Financial review
Slide 4: Agenda: Highlights
ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com Agenda • Q&A • Highlights • Financial review
Slide 5: Highlights of the past quarter, outlook for the next
Highlights of the past quarter, outlook for the next In the third quarter • Delivered robust financial results • Signed an SPA to bring China’s Silk Road Fund as co-investor ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com • Signed the Heads of Terms in Uzbekistan for Karakalpaks
Slide 6: Global geopolitical and economic conditions are not getting better
Global geopolitical and economic conditions are not getting better… At a time when the cost of everything from technology to components to funding is mounting … ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com It is all the more important to drive growth and build scale • We have
Slide 7: New Horizons
New Horizons • Green hydrogen • Solid progress for NGHC’s (NEOM green hydrogen) financial close ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com • Oman, South Africa and Egypt emerging as next opportunities • Senegal desalinated water and natural gas MOUs • Sustainable infrastruc
Slide 8: Agenda: Financial review
ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com Agenda • Q&A • Highlights • Financial review
Slide 9: Key financial metrics
Key financial metrics Regular Reporting Reporting Metric Description Frequency Platforms Operating income Consolidated Operating income before impairment loss and other before impairment loss expenses which also includes share in net results of equity accounted and other expenses investees. Quarterl
Slide 10: Operating income (before impairment loss and other expenses)
Operating income (before impairment loss and other expenses) • At SAR1,877M, 11% yoy increase versus 9M2021 • Strong contribution from new or additional online capacity including the O&M income that achieved commercial operation during or after 9M2021(SAR452M) largely offset by the impact of forced
Slide 11: Reported and Adjusted Net Profit
Reported and Adjusted Net Profit (attributable to equity holders of the parent) Reported Net Profit1 at SAR 883 M, 110% Adjusted Net Profit at SAR858M, higher by 7 % increase versus 9M2021 versus 9M2021 Reported Net Profit SAR millions (M) 9M, SAR in millions 2022 2021 % change Reported Net Profit 8
Slide 12: Other matters of significance
Other matters of significance • Divestment of 49% stake in Sirdarya CCGT – in the consolidated FS, the assets and liabilities are classified as held for sale until completion of the legal formalities (expected by 31 December 2022), when the transactional gain or loss will be recognized ACWA POWER IN
Slide 13: Agenda: Q&A
ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com Agenda • Q&A • Highlights • Financial review