Slide 1: Nine Months 2021 Financial and Operating Results
Nine Months 2021 Financial and Operating Results Analyst and Investor Briefing 04 November 2021
Slide 2: Disclaimer
Disclaimer These materials are being presented to the intended recipient only and are intended for discussion purposes only and upon the express understanding that they will be used only for such purposes. These do not constitute or form a part of any offer or solicitation to purchase or subscribe f
Slide 3: ACEN 9M 2021 Financial Highlights
ACEN 9M 2021 Financial Highlights Post-infusion of international assets into listed entity ACEN Income Statement Highlights in PHP millions Demand recovery; Luzon demand exceeding 9M 2021 9M 2020 Change 2019 (pre-pandemic) levels Revenue 18,884 15,257 +24% Growth in operating capacity from acquisiti
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights Stronger balance sheet driven by fresh capital raising and the infusion of new international assets In PHP Millions 30 Sept 2021 31 Dec 2020 Change Assets 169,502 141,816 +20% Raised US$400 million FFL Green Cash and Cash Equivalents 33,592 28,077 +20% Bonds in
Slide 5: Statutory EBITDA Bridge As of September 2021
Statutory EBITDA Bridge As of 30 September 2021 Strong EBITDA gains reflect infusion of international assets into listed entity Revenue – EBITDA – Net Income Bridge in PHP millions Cost of G&A Equity in Net Statutory Net Interest Taxes D&A2 and Non- Net Income Revenues Earnings & Net EBITDA Other No
Slide 6: Attributable EBITDA & Net Obligations
Attributable EBITDA & Net Obligations As of 30 September 2021 Attributable EBITDA reflects our share of the EBITDA of non-consolidated operating assets Attributable EBITDA Attributable Net Obligations in PHP millions Amount in PHP millions Statutory Net Debt 7,860 Attributable Net Debt from Operatin
Slide 7: Attributable Output +17%
Attributable Output1 +17% Driven by higher operating capacity and increased dispatch of thermal plants by Region by Technology by Country in GWh in GWh in GWh 3,378 3,378 3,378 Vietnam 2,897 2,897 2,897 407 77 India +12% 1,367 Vietnam 309 International 40% +13% 1,854 884 Indonesia 1,221 Renewable 55
Slide 8: Plant Availability & Capacity Factor
Plant Availability & Capacity Factor Strong wind regime and demand recovery supported operations despite challenges in thermal availability Plant Availability1 Capacity Factor1 in % in % 99% 99% 96% 97% 97% 92% 96% 96% 94% 81% 76% 92% 87% 84% 26% 29% 18% 17% 16% 2% Solar Wind Geothermal Diesel Coal
Slide 9: ACEN and Ayala Group Net Zero Commitment
ACEN and Ayala Group Net Zero Commitment In October 2021, ACEN committed to reach Net Zero greenhouse gas emissions by 2050 or earlier. Key Milestones 1 Transition its generation portfolio to 100% renewables by 2025 2 Spin-off all thermal capacity by 2025 Work towards early retirement and just 3 tra
Slide 10: Our energy transition platform
Our energy transition platform ACE Enexor, Inc. (ACEX) Enexor Estimated Share Swap Transaction to be designated as the Approved by Board on 18 Oct 2021 Ownership Structure energy transition platform, Current2 which includes thermal ACEN Public, assets to be transitioned 23.66% Others, into cleaner t
Slide 11: Strategic Acquisitions
Strategic Acquisitions1 ~154 MW incremental renewable capacity and ~4,200 MW incremental pipeline projects Philippines • First commercial wind farm in Southeast Asia; • Established in 2016, UPC Australia has ~8,100 • Deal value: up to ₱4.5 billion began operations in 2005 MW in development pipeline2
Slide 12: Impact of Oct Board Approved Transactions
Capital Structure Evolution Impact of Oct 18 Board Approved Transactions Current (Post-ACEIC International Post-GIC/Arran Investment Post-Share Issuances to Transaction & Follow-on Offer) (Secondary “Top-Up”)1 UPC and NorthWind Partners2 2.0% 15.7% 2.0% 15.7% 18.6% 1.8% 10.5% 17.5% 64.8% 16.9% 62.5%
Slide 13: Construction Updates
Construction Updates Philippines International Gross capacity Target Commercial Gross Plant/ Project Name Location Project type (MW) Operations Date (COD) capacity FIT Status/ Plant/ Project Name Project type (MW) Target COD Ilocos Norte, Pagudpud Wind Wind 160 Q4 2022 Philippines Quang Binh Wind Wi
Slide 14: Commencement of Operations
Commencement of Operations Ingrid Quick Response Thermal 150 MW 1 Diesel | Pililia, Rizal ▪ Began operations in October 2021 ▪ 50-50 JV with Marubeni subsidiary Axia Power ▪ Equipment supplied by Aggreko ▪ Will provide grid ancillary services (ASPA) 1. Net dependable capacity 14
Slide 15: Project Update Alaminos Solar and BESS
Project Update Alaminos Sustainability Hub Alaminos Solar and BESS Hybrid solar farm and battery energy storage system 120 MWdc 1, 2 40 MWdc 2 Solar | Alaminos, Laguna Battery | Alaminos, Laguna ▪ BESS is targeted to start operations in Q4 2021 ▪ Solar farm to generate electricity in the daytime, wh
Slide 16: Start of Construction San Marcelino Solar Phase 1
Start of Construction San Marcelino Solar Phase 1 283 MWdc 1 Solar | San Marcelino, Zambales ▪ Largest solar farm in the country, capable of producing 421 GWh of renewable output and eliminating 287,796 tons of CO2 emissions ▪ Project completion expected by the first half of 2023. ▪ Features east-we
Slide 17: Vietnam FIT Updates
Vietnam FIT Updates ▪ Vietnam is currently ACEN’s largest offshore market, with ~1,000 MW in Most of ACEN's gross capacity renewable projects ▪ Plants that have been awarded the in Vietnam have Wind FIT: feed-in tariffs 252 MW Quang Binh Wind 88 MW Ninh Thuan Wind Partnership with BIM Group 405 MW 8
Slide 18: ACEN Generation Portfolio Overview Pro Forma
ACEN Generation Portfolio Overview Pro Forma Operating Status Total Net Attributable Capacity1 3,028 MW Under construction, Operating, 36% 64% Geography Technology Wind Australia 25% Renewable Capacity1 17% 2,509 MW India 6% Philippines Solar 52% Geothermal, 50% 5% Share of Renewables to Total Capac
Slide 19: ACEN Philippine Assets Pro Forma
ACEN Philippine Assets Pro Forma 81 MW North Luzon Renewables 160 MW Pagudpud Wind Breakdown by Net Attributable 52 MW NorthWind Capacity (Philippines) Operating Status 176 MW Luzon Peaking Plants1 Net Attributable Capacity 283 MW San Marcelino Solar (Philippines) 3 63 MW 72 MW Arayat-Mexico Solar F
Slide 20: ACEN International Assets Pro Forma
ACEN International Assets Pro Forma Breakdown by Net Attributable Capacity (International) 140 MW Sitara Solar VIETNAM Geography 252 MW 70 MW Quang Binh Wind Paryapt Solar 405 MW Vietnam, 88 MW India, 11% Ninh Thuan Solar Ninh Thuan Wind 42% 80 MW Khanh Hoa & Dak Lak Solar 60 MW 80 MW Mui Ne Wind In
Slide 21: Renewable Energy Pipeline
Renewable Energy Pipeline Philippines and International Pro Forma India and other Asia-Pacific Countries ~800 MW Various solar and wind projects, ~18,000 MW1 microgrid/hybrid power Philippines >6,500 MW Expanded pipeline of projects Various solar and wind projects being developed organically +3,100
Slide 22: 2025 Vision: Largest Listed Renewables Platform in Southeast Asia
2025 Vision Largest Listed Renewables Platform in Southeast Asia 5,000 MW Renewable energy capacity 22 22
Slide 23: Thank You
For more information, kindly contact AC Energy Investor Relations investorrelations@acenergy.com.ph Or you may visit: acenergy.com.ph/investors Thank You