Acwa Power · TADAWUL:2082
Acwa Power — Q3 2023 Earnings Presentation
15 slides from Acwa Power's earnings presentation, Nov 2, 2023
Slide 1: ACWA Power Company 3Q2023 Earnings Call
ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com ACWA Power Company 3Q2023 Earnings Call 02 November 2023 For the three and nine months ended 30 September 2023 1
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: Safety and Operations
SAFETY AND OPERATIONS YTD23 vs YTD22 YTD23 YTD22 ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com Lost Time Injury Rate 0.02 0.02 - Power Availability 87.3% 92.4% +501bps Water Availability 96.5% 96.2% -30bps Renewable Power Availability 90.0% 97.3% +703bps Source: Company inform
Slide 4: ACWA Power's Portfolio
ACWA POWER’S PORTFOLIO Largest private World’s one of the First mover in at- company in largest renewable scale GH2 desalination portfolio ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com At Change vs. 30/09/23 Dec. 2022 # of Assets 75 +7 Total Inv. Cost (SAR B) 298 +28 Power (GW
Slide 5: Business Development – Bidding Space
BUSINESS DEVELOPMENT – BIDDING SPACE Submitted Bids - 9M23 Power (GW) Water (M m3/day) Submit- Pending Submit- Pending ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com ted Won Decision ted Won Decision Negotiated 6.3 6.0 0.3 - - - 1 2 Competitive 9.6 3.6 0.4 0.8 0.8 - Total 15.9
Slide 6: Immediate Pipeline
IMMEDIATE PIPELINE Bids and negotiated deals to be submitted or awaiting results Power Water # of Next 6 months (GW) (Mm3/day) Countries Active bids/deals ~8 ~1.5 11 ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com Potential bids/deals >20 ~2 12 Till 2023-end Wet Financial closes
Slide 7: ACWA Power Growth Strategy (2023 – 2030)
ACWA POWER GROWTH STRATEGY (2023 – 2030) New horizons built upon the existing strong growth strategy Provide Create More than triple our Lead Energy Essentials For Sustainable assets under Transition Life Value management ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com First mov
Slide 8: Outlook into 2024/25
OUTLOOK INTO 2024/25 • Increased business development activity… • Prelude to future growth • Rebalances legacy issues from projects that have been ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com affected by the pandemic and geopolitical challenges • High interest rate, high infl
Slide 9: 3Q23 & 9M23 Financial Results
3Q23 & 9M23 FINANCIAL RESULTS Fav / Fav/(Unfav) vs. (Unfav) vs. SAR Million 3Q23 3Q22 2Q23 9M23 9M22 ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com Operating Income1 814 25.0% 11.5% 2,103 12.4% Net Profit2 398 16.5% (4.0%) 1,082 22.5% Adjusted Net Profit3 398 16.5% (4.0%) 1,082
Slide 10: Financial Closes (FC)
FINANCIAL CLOSES (FC) 4 financial closes in the third quarter; 8 in YTD September Project Time Total investment Contracted capacity cost (TIC) Shuaibah 3 RO Oct’22 SAR3.1B 600K m3/day desal. Water Bash Wind Dec’22 SAR2.6B 500MW power ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.c
Slide 11: Projects Achieving Commercial Operations
PROJECTS ACHIEVING COMMERCIAL OPERATIONS 750MW brough online in the third quarter; 3,470MW power and 979K m3/day water in YTD September Project Time Incremental Total online Remaining to capacity capacity bring online1 Shuaa Energy 3 Oct’22 +100MW 600MW 300MW ACWA POWER INVESTOR RELATIONS | www.acwa
Slide 12: Operating Income
OPERATING INCOME1 Stabilized operational performance and new projects helps maintain the positive momentum Operating income Variance 9M23 versus 9M22 – SAR Million ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com Higher Higher contribution development Others Higher from new cost,
Slide 13: Reported Net Profit
REPORTED NET PROFIT1 Driven by higher operating income, partly offset by higher financial charges Mainly on account of Reported Net Profit Variance higher finance charges 9M23 versus 9M22 – SAR Million due to higher market rates and on Sukuk tranche 2 ACWA POWER INVESTOR RELATIONS | www.acwapower.co
Slide 14: How Did We Do on 2023 Priorities
HOW DID WE DO ON 2023 PRIORITIES 2023 Priorities Progress in 9M23 • Safety first: Zero-harm environment On target with minimal LTIR • Reliability of supply… keep the plants Significantly better plant performance ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com running with above
Slide 15: Q&A
ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com Q&A ACWA Power Company 3Q2023 Earnings Call 02 November 2023 For the three and nine months ended 30 September 2023 15