Citicore Energy Reit Corp · PSE:CREIT
Citicore Energy Reit — FY2025 Earnings Presentation
31 slides from Citicore Energy Reit's earnings presentation, Mar 26, 2026
Slide 1: Company Presentation: FY 2025 Financial and Operating Results
Company Presentation FY 2025 Financial and Operating Results March 26, 2026
Slide 2: Disclaimer
Disclaimer This presentation was prepared solely and exclusively for discussion purposes. This presentation and/or any part thereof may not be reproduced, disclosed or used without the prior written consent of Citicore Energy REIT Corp. (the “Company”). This presentation, as well as discussions aris
Slide 3: FY 2025 Highlights and Key Themes
FY 2025 Highlights and Key Themes Stable revenues anchored on Strong financial position supports CREIT’s strong green asset portfolio future acquisitions Revenue at Php 1.883 Bn, EBITDA at Php 1.846 Bn, PhilRatings PRS Aa+ rating, Net Income at Php 1.428 Bn Available borrowing headroom of Php 9 Bn C
Slide 4: Contents
Contents 01 Financial Highlights 02 Our Green Asset Portfolio 03 CREC Project Pipeline Updates 04 CREIT Dividend Updates 05 Highlights and Key Takeaways 06 Q&A
Slide 5: FY 2025 Financial Highlights
FY 2025 Financial Highlights
Slide 6: FY 2025 Financial Highlights
FY 2025 Financial Highlights In Php Mn 3% 3% 1,887 1,883 1,846 1,847 REVENUE 4% Php 1.883 Bn 1,429 1,428 GROSS PROFIT MARGIN: 94% EBITDA Php 1.846 Bn EBITDA MARGIN: 98% NET PROFIT Php 1.428 Bn NET PROFIT MARGIN: 76% Revenue EBITDA Net Income FY 2024 FY 2025 6
Slide 7: Geographical Footprint and Revenue Contribution
Geographical Footprint and Revenue Contribution Operating/Mechanically Completed Batangas 19% Under Construction Clark Cebu 15% 20% FY 2025 Revenues Php 1.883 Bn Silay 16% Pangasinan 4% Tarlac Bulacan 6% 11% Pampanga 4% South Cotabato 5% 7
Slide 8: Profitability remains steady due to strong green asset portfolio
Profitability remains steady due to strong green asset portfolio Amounts in Mn Php 31 December 2025 31 December 2024 % Change Adjustments on the operating plants’ lease agreements – Rental Income 1,883 1,887 (0.24) this decrease is a non-cash item Cost of Services (105) (104) 0.43 Gross Profit Margi
Slide 9: Sustained strong financial position supports future acquisitions
Sustained strong financial position supports future acquisitions Amounts in Mn Php 31 December 2025 31 December 2024 % Change Cash and cash equivalents 677 598 13.22 Other Current Assets 218 308 (3.70) Total Current Assets 895 906 (1.26) Trade and Other Receivables – Non-Current 643 519 23.88 Proper
Slide 10: Strong financial position supports future infusions
Strong financial position supports future infusions Current Ratio Return on Equity DEBT HEADROOM (Php Bn) 2.50 2.10 2.08 35.00% 31.58% 30.80% Total deposited property 20.5 30.00% 2.00 25.00% Leverage ratio 1.50 20.00% (PRS Aa+) 70% 1.00 15.00% 10.00% Leverage limit 0.50 14.4 5.00% 0.00 0.00% Total b
Slide 11: Green Asset Portfolio
Green Asset Portfolio = CREIT | Empower Your Investments
Slide 12: CREIT's Green Asset Portfolio Overview
CREIT’s Green Asset Portfolio Overview ASSETS HOLDINGS OCCUPANCY RATE 14 Land Assets 100% GROSS LEASABLE AREA WEIGHTED AVE. LEASE EXPIRY 7.1 Mn sqm 19.44 years 12
Slide 13: Largest renewable energy landlord in the Philippines
Largest renewable energy landlord in the Philippines with 7.1 Mn square meters in gross leasable area IPO ASSETS 2nd ACQUISITION - 2023 DALAYAP – 103k sqm CLARK – 250k sqm ARMENIA– 138k sqm LUNTAL – 840k sqm BOLBOK 1 – 740k sqm LUMBANGAN – 1M sqm NEGROS OCCIDENTAL – 431k sqm CEBU – 730k sqm BOLBOK 2
Slide 14: Asset Infusions over the years
Asset Infusions over the years In Mn square meters of gross leasable area Assets GLA (in sqm) Pangasinan 1,049,102 7,102,860 7,102,860 3rd Acquisition Pampanga 2 70,433 1,119,535 1,119,535 Batangas 1 1,062,083 Batangas 2 839,535 2nd Acquisition Batangas 3 741,016 Batangas 4 933,979 Pampanga 1 419,21
Slide 15: 100% Occupancy and Longest WALE among REITs
100% Occupancy and Longest WALE among REITs Tenants Lease term CREIT Asset Area (in sqm) (in years) Portfolio Occupancy Clark 250,318 17.76 Armenia 24.01 138,164 Cebu 19.42 730,000 Negros Occidental 18.84 431,408 Dalayap 18.01 103,731 Bulacan 25.01 100% 253,880 Land and/or solar assets used/to- Sola
Slide 16: Diversified mix of tenant's off-takers
Diversified mix of tenant’s off-takers % of Total Contracted Capacity Off-take Contract Renewal of Tenants’ Customers Government 19% 73.3% 10.6 years Weighted average contract term Freeport Area of Bataan 12.6% 8.4% 5.7% Bilateral Contracts 2026 2027 2028 Beyond 2028 81% 16
Slide 17: CREC Project Updates and Future Acquisitions
CREC Project Updates and Future Acquisitions
Slide 18: CREC's Goal: 5 GW in 5 years
CREC’s Goal: 5 GW in 5 years Average capacity addition of 1 GW p.a. over next 5 years, using a clustering strategy 6,964 5,964 1,000 495 4,469 1,000 3,469 1,000 45 5,964 2,206 4,469 3,469 526 1,218 526 2025 2026 2027 2028 2029 Total Completed Capacity Solar Onshore Wind in MW gross installed capacit
Slide 19: Vertically integrated platform capable of end-to-end solutions
Vertically integrated platform capable of end-to-end solutions • Backed by the Megawide Group, an experienced engineering and construction company, CREC is a fully integrated platform with capabilities across the entire value chain, from pre-development, EPC, O&M and asset management • Citicore has
Slide 20: Energized Projects
Energized Projects CREIT - Owned Land Batangas Pampanga Properties 1 & 2 Property 1 CREC Project Name: CREC Project Name: Arayat 3A Lumbangan and Luntal under Citicore Solar Pampanga 1 under Citicore Solar Batangas 1 Leasable Area: Leasable Area: 419,214 square meters 1,062,083 square meters 839,535
Slide 21: Mechanically Completed Projects
Mechanically Completed Projects CREIT - Owned Land Batangas Pangasinan Properties 3 & 4* Property 1* CREC Project Name: CREC Project Name: Bolbok 1 & 2 Binalonan under Citicore Solar Batangas 2 under Citicore Solar Pangasinan 2 Batangas Leasable Area: 741,016 sqms Leasable Area: 933,979 sqms 1,049,1
Slide 22: CREIT Dividend Updates
the Philippine stock Exch ange, congratulates Inc, . CITICORE ENERGY REIT on its Initial Public Offering CREIT Dividend Updates CREIT | Empower Your investments
Slide 23: Largest quarterly dividend since IPO
Largest quarterly dividend since IPO In PhP Millions, except ratios and DPS 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Net income 359.28 334.14 344.94 391.02 357.96 329.93 345.16 387.21 Straight-line rent adjustment (59.65) (34.36) (43.89) (51.18) (55.14) (26.05) (40.67) (40.23) Distributable income 29
Slide 24: How we arrive at 106% of distributable income
How we arrive at 106% of distributable income Total Dividends Amounts in Mn Php 17.83 6% 346.98 100% 364.81 100% 106% Distributable Income Depreciation Total Dividends 24
Slide 25: Increasing shareholder value with steady dividends and dividend growth
Increasing shareholder value with steady dividends and dividend growth 0.055 0.056 0.054 0.051 0.049 0.049 0.049 0.049 0.049 0.049 0.049 0.049 0.047 0.044 0.044 0.044 Inclusive of Inclusive of Inclusive of Variable Variable Variable Inclusive of Lease Lease Lease Special 25.7% Income Income Income 0
Slide 26: Historical annual dividends
Historical annual dividends In PhP Millions, except ratios and DPS FY2021 FY2022 FY2023 FY 2024 FY2025 225.88 1,252.41 1,398.10 1,429.37 1,420.26 Net income (2.72) (132.18) (172.56) (189.18) (162.10) Straight-line rent adjustment 223.16 1,120.23 1,225.54 1,240.19 1,258.16 Distributable income 61.75
Slide 27: Highlights and Key Takeaways
Highlights and Key Takeaways
Slide 28: CREIT's Good Governance
i CREIT’s Good Governance ACGS ASEAN CORPORATE GOVERNANCE SCORECARD 28
Slide 29: Key Takeaways
Key Takeaways Stable revenues anchored on Strong financial position supports CREIT’s strong green asset portfolio future acquisitions Revenue at Php 1.883 Bn, EBITDA at Php 1.846 Bn, PhilRatings PRS Aa+ rating, Net Income at Php 1.428 Bn Available borrowing headroom of Php 9 Bn Consistent dividend p
Slide 30: Q&A
Q&A CREIT | Empower Your investments
Slide 31: Thank you!
Thank you! For questions, please contact: Gideon de Villa CREIT Investor Relations Officer investorrelations@creit.com.ph CREIT CREIT.com.ph CiticoreREIT