Aboitiz Power Corp. · PSE:AP
Aboitiz Power — Investor Presentation (September 2025)
24 slides from Aboitiz Power's investor presentation, September 2025
Slide 1: Investor Presentation
Investor Presentation September 2025
Slide 2: Disclaimer
DISCLAIMER This presentation and the information contained herein (this "Presentation") are the sole and exclusive property of Aboitiz Power Corporation (“AboitizPower”) and shall only be used for the purpose intended herein and may not be used, published or redistributed without the prior written c
Slide 3: AboitizPower is a leading Philippine energy provider
AboitizPower is a leading Philippine energy provider ● AP generates 1 in 5 MW of installed ● AP, through its retail subsidiaries, ● AP owns nine distribution utilities, capacity in the Philippines holds 28% of the PH market share including the Philippines’s second and ● AP and its partners have the
Slide 4: Transition Business Group
Power Generation Transition Business Group Building the future today by leading the energy transition and ensuring energy security and equity 17 4,103 MW 1 2 4 3 total attributable net sellable capacity as of Jun 2025 facilities Our power generation capabilities extend nationwide: 1. Bataa n 5. Cebu
Slide 5: Renewable Generation Business Group
Power Generation Renewable Generation Business Group 2 1 Energizing communities, uplifting lives 3 4 5 6 34 1,418 MW* total attributable net sellable capacity as of Jun 2025 7 8 facilities Our power generation capabilities extend nationwide: 1. Ilocos Sur Luzon Hydro Corporation - Bakun AC Hydro (74
Slide 6: Generation portfolio
Power Generation Generation portfolio Coal assets now account for 56% of our total generating portfolio, down from 61% in Dec 2024. Attributable capacity 5,521 MW 5,055 4,577 660 Attributable capacity of 521 AboitizPower’s 40% stake 3,972 142 521 290 290 290 in Chromite Gas Holdings. 3,494 3,488 47
Slide 7: Progress continues across RE pipeline
Power Generation Progress continues 8 MW Magat BESS 2 159 MWp Laoag Solar Energized Apr 2024 across RE pipeline 2H 2026 Completion: 48% 12 MW Magat BESS 1 Commissioned Jan 2024 503MW of the initial 1.2GW pipeline 20 MW Binga BESS are operating as of end of Jun 2025. 2H 2026 95 MWp Cayanga Solar Comp
Slide 8: Distribution Business Group
Distribution Utilities Distribution Business Group Empowering the evolution of our cities 9 5,114 km2 1 2 utilities total service area 3 1.07mn 6,631 GWh total energy sales (January-December 2024) no. of households 4 Our distribution utilities cover high-growth areas in the country: 1. Zambales 4. C
Slide 9: Retail Electricity Supply
Retail Electricity Supply Retail Business Group Empowering a brighter future, innovating energy for everyday life AboitizPower retail electricity suppliers (RES) collectively hold the top market share at 28.07% in terms of actual demand in the Philippines* *Compet itive Retail Elect ricity Market (C
Slide 10: AboitizPower has a strong financial track record
AboitizPower has a strong financial track record The Company’s financial performance has been on an upward trajectory since 2020. 80 25% 73.3 70 64.6 21% 20% 20% 60 55.8 19% 50.4 50 16% 43.5 15% 40 33.1 33.9 11% 10% 30 26.0 19.1 20 12.6 5% 10 0 0% 2020 2021 2022 2023 2024 Beneficial EBITDA Net Incom
Slide 11: History of sustained dividend payouts
History of sustained dividend payouts The sustainable cash generation of its operations and its robust balance sheet enables AboitizPower to fund its organic- and M&A-driven growth, as well as pay dividends. P2.50 7.0% 6.1% 5.7% 6.0% P2.00 4.9% 5.0% 4.2% P1.50 3.4% 4.0% P2.30 P2.35 3.0% P1.00 P1.87
Slide 12: Balance sheet remains primed for growth
Balance sheet remains primed for growth AboitizPower’s leverage is managed strategically in preparation for growth. PHPm CONSOLIDATED 31 Dec 2020 31 Dec 2021 31 Dec 2022 31 Dec 2023 31 Dec 2024 30 Jun 2025 Cash and Cash Equivalents 38,700 57,130 64,764 54,539 56,759 46,878 Investments and advances 6
Slide 13: Debt is predominantly fixed and long-term
Debt is predominantly fixed and long-term Disciplined management of balance sheet and debt supports AboitizPower’s long-term growth plans. Debt maturity profile Currency Exposure As of Jun 2025 As of Jun 2025 PHPb PHPb Non-PHP, 13% On 25 Jun 2025, the SEC approved AP’s public offering of the First T
Slide 14: Annex
ANNEX Aboitiz 252} cr2028 -
Slide 15: 1H2025 Results highlights
1H25 results 1H2025 Results highlights • 1H25 beneficial EBITDA was 6% lower YoY, at PHP34.1b. Despite improved momentum in 2Q25, fresh contributions from new capacities were tempered by lower spot prices and the lower availability of our coal plants due to outages. • The full impact of GNPD’s depre
Slide 16: Beneficial EBITDA up by 27% QoQ
Power Generation 1H25 results Beneficial EBITDA up by 27% QoQ Full contributions from Chromite Gas Holdings and higher plant availability drove the QoQ improvement. However, the improved momentum was not sufficient to offset the soft 1Q25, such that 1H25 EBITDA is still down 6% YoY. Beneficial EBITD
Slide 17: Total energy sold in 1H2025 grew by 9% YoY
Power Generation 1H25 results Total energy sold in 1H2025 grew by 9% YoY Of the total energy sold, 13% was sold to the spot market in 1H25, vs 20% in 1H24. Total energy sold GWh 4,285 GWh 19,440 GWh 12,125 GWh The shift in volumes, from spot to +15% YoY +9% YoY +20% YoY BCQ, is the result of AP’s co
Slide 18: On track with our contracting strategy
Power Generation 1H25 results On track with our contracting strategy Including our new LNG plants, 87% of our baseload capacities are locked into power supply contracts as of Jun 2025, up from 70% in as of Mar 2025. This puts AboitizPower on track with contracting close to 90% of our baseload capaci
Slide 19: Beneficial revenue in 1H2025 grew by 6% YoY
Power Generation 1H25 results Beneficial revenue in 1H2025 grew by 6% YoY Higher BCQ prices and fresh contributions from Chromite Gas Holdings and our new solar power plants more than offset the impact of lower spot prices Revenue Average BCQ revenue per kwh PHPm PHP/kwh 5.40 5.75 Reflects change in
Slide 20: Flat gross profit due to weak spot and lower availability
Power Generation 1H25 results Flat gross profit due to weak spot and lower availability The increase in sales volume was tempered by softer spot prices and higher purchased power, such that 140,000 the gross profit of the Power Generation segment was flat YoY. 120,000 Gross Profit PHPm 100,000 1H24
Slide 21: Total energy sold in 1H2025 grew by 9% YoY
Power Generation 1H25 results Total energy sold in 1H2025 grew by 9% YoY Of the total energy sold, 13% was sold to the spot market in 1H25, vs 20% in 1H24. Total energy sold GWh 4,285 GWh 19,440 GWh 12,125 GWh The shift in volumes, from spot to +15% YoY +9% YoY +20% YoY BCQ, is the result of AP’s co
Slide 22: Power sales from the DU segment rose by 4% YoY
Distribution Utility 1H25 results Power sales from the DU segment rose by 4% YoY Sustained demand growth lifted EBITDA contributions from our distribution utility (DU) segment to PHP4.5b in 1H25. Volume sales GWh; beneficial basis 6,631 6,157 5,785 5,583 5,368 Residential 1,074 GWh (+5% YoY) 3,386 3
Slide 23: CAPEX deployment continues to be back-ended
1H25 results CAPEX deployment continues to be back-ended AboitizPower has deployed PHP57b as of Jun 2025 on M&A and its new builds. CAPEX spend PHPb 56.7 46.8 26.6 6.1 1.9 1.6 0.2 FY24 1H25 M&A RE Thermal DU Others Figures based on 100% 23
Slide 24: AboitizPower
6 AboitizPower | sf 612025
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