Central Puerto Sa · BCBA:CEPU

Central Puerto Sa — Investor Presentation (March 2023)

18 slides from Central Puerto Sa's investor presentation, March 2023

  1. Slide 1: Company Presentation

    Company Presentation March 2023

  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: Our Main Value Drivers are…

    Our Main Value Drivers are… Power Generation FONINVEM program Receivables of installed capacity trough a well balance Under the program with participation in 3 7,113 MW portfolio integrated by 14 power generation 2,554 MW combined cycle. assets. generated in LTM 1Q23 representing 12.7% To be collect

  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 information ended on March 31, 2023)1 Adjusted EBITDA2 Sales2 excl. FONI FX Diff, interest Co

  6. Slide 6: Well diversified portfolio of generation assets

    Power Well diversified portfolio of generation assets Generation POWER CAPACITY FONINVEMEM ASSETS IN OPERATION Type (MW)2 PLANTS - 1 Costanera Complex Thermal 2,304 - 2 Puerto Complex Thermal 1,747 - 13 3 Piedra del Águila Hydro 1,441 - 14 6 1011 5 4 Luján de Cuyo Thermal 576 - 4 9 12 2 1 5 San Lore

  7. Slide 7: Continuously expanding our operated portfolio

    Continuously expanding our operated portfolio 48% 7,113 Puerto Complex +2% INSTALLED 4,809 2,304 Piedra Del Aguila 23 23 CAPACITY +12% Lujan De Cuyo 57 57 4,709 2017 - 2023 23 48 48 Brigadier Lopez 57 San Lorenzo +3,475MW 48 130 130 +95% Castellana I & II 130 Genoveva I & II 116 116 Achiras 116 Manq

  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, April 2022– March 2023 12.7% 12.9% 7.4% 5.5% 61.5% 87.0 18.0 18.3 10.4 7.9 3 ** *** Other * Balanced portfolio with different technologies in place… … coup

  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 1 Central Puerto Energy generated (TWh) Market Average 1 Thermal Hydro Wind . 17.5 18.1 91% 93% 16.6 14.5 89% 16.6 17.4 14.8 14.5 1.6 1.6 88% 88% 0.0 14.3 83% 4.2 0.2 0.7 1.3 1.6

  10. Slide 10: High portion of the operating cash flow through long term contracts and with protection

    High portion of the operating cash flow through long Power Generation term contracts and with protection mechanisms EBITDA contribution by regulatory framework 20% 32% Spot – Energía Base 15% Spot – Res. 59 42% 36% Contracts – Thermal Units 68% Backed by reserve fund financed of EBITDA 17% 18% Contr

  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 totaling 2,554 MW

    Largest private player in FONI consortium operating FONI Receivables combined cycles totaling 2,554 MW and stake in 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: 2

  13. Slide 13: Argentina has one of the highest growth rates in the world

    Argentina has one of the highest growth rates in Forestry Segment the world ◼ Forestal Argentina has its assets located in the provinces of Entre Ríos and Corrientes. ❖ Eucalyptus 26,124 Ha. ❖ Pine 16,389 Ha. ❖ Land to be planted 20,935 Ha. ❖ Other 8,941 Ha. ◼ Recently acquired company and assets fr

  14. Slide 14: Company Description: 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 March 31, 2023(US$ MM)1 2 CENTRAL PUERTO SUBSIDIARIES CONSOLIDATED 256 415 159 Weighted average maturity Weighted average maturity Weighted average maturity 2.4 years 4.4 years 3.7 years Project Finance Long Term Debt Debt Principal Amortization Schedule as of

  16. Slide 16: Adjusted EBITDA Reconciliation

    Adjusted EBITDA Reconciliation 1Q2022 2022 1Q2023 LTM 1Q2023 Million Ps. - except where noted- 2022 (A) (B)* (C) (B-A+C) Unaudited, subject to Audited Unaudited Unaudited, subject to Audited limited review limited review according to rule according to rule ISRE 2410 ISRE 2410 Currency as of March 31

  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 1Q 2019 43.8700 36.9000 39.0054 43.3500 2019 2Q 2019 45.9700 41.6200 44.0067 42.4630 3Q 2019 60.4000 41.6000 50.6532 57.5900 4Q 2019 60.0000 57.6400 59

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