Slide 1: Company Presentation
C O M PA N Y P R E S E N TAT I O N August 28, 2020
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
Slide 3: Company Description, Financials, Appendix
COMPANY DESCRIPTION FINANCIALS APPENDIX Adjusted EBITDA Reconciliation Foreign Exchange rate
Slide 4: Central Puerto's value components at a glance
Central Puerto’s value components at a glance ◼ 4,315 MW of installed capacity After expansion projects are - 11% market share (14.6 TWh generated in LTM2Q2020) completed the Power capacity will be: Generation ◼ 479 MW under construction with PPAs - 391 MW in thermal projects, and 88 MW in renewable
Slide 5: Corporate structure and main financial figures
Corporate structure and main financial figures Central Puerto has a well diversified shareholders' base 63% 23% 8% 4% 2% Local shareholders ADR holders Federal Goverment Neuquén Province Power generation of Central Puerto and its consolidated subsidiaries (LTM ended on June 30, 2020)1 Sales2 Adj. EB
Slide 6: Well diversified portfolio of generation assets
Power Well diversified portfolio of generation assets generation Current geographic footprint Power capacity Assets in Assets under FONINVEMEM (MW)4 operation construction Plants 816MW 1 Puerto complex 1,714 - - 2 Piedra del Águila 1,440 - - 3 Luján de Cuyo 595 - - 13 12 10 4 5 4 Brigadier López 281
Slide 7: One of the largest private sector power generators in Argentina
One of the largest private sector power generator in Argentina with a Power generation diversified asset base Private sector power generation market shares (TWh) SADI’s total power generation by private sector companies and market share, July 2019 – June 2020 16.9% 18.2% 13.0% 16.0% 35.9% 31.1 14.6
Slide 8: High quality assets with strong and stable operational performance
Power generation High quality assets with strong and stable operational performance Assets with high availability… …a strong generation track record… Average availability of thermal units Market average1 Central Puerto Power generated (TWh) Thermal Hydro Wind . 17.7 91% 93% 16.5 14.8 14.6 89% 90% 15
Slide 9: Attractive growth pipeline
Power Attractive growth pipeline generation Generation assets and projects under development breakdown by technology (MW) Brigadier López Under construction (2) expansion 4,934 Renewables 4,794 140 88 4,315 374 374 391 Steam turbines 286 1069 1069 1069 73 Gas turbines 353 353 1492 1071 CC 1071 486 4
Slide 10: 2020 estimates break down by source
2020 Estimates break down by source High portion of the operating cash flow denominated in US dollars and with protection mechanisms EBITDA 2020 (est.) contribution by regulatory framework 36% Spot – Energía Base 64% 38% Contracts – Thermal units of 2020 est. EBITDA Backed by reserve fund financed t
Slide 11: Attractive growth profile: Luján de Cuyo cogeneration
Attractive growth profile Power generation On October 5, the new Luján de Cuyo cogeneration added 95 MW 1 Expansion of Lujan de Cuyo Total power 95.32 MW capacity Awarded power 93 MW (for the winter) capacity Heat rate 1,530 Kcal/KWh Steam production 125 tons per hour capacity Technology Cogeneratio
Slide 12: Terminal 6 project will add 330 MW to installed capacity
Attractive growth profile Power generation Terminal 6 project will add 330 MW to Central Puerto’s installed capacity 1 Terminal 6 San Lorenzo Expected total 391 MW power capacity Awarded power 330 MW (for the winter) capacity Expected heat rate 1,490 Kcal/KWh Steam production 350 tons per hour capac
Slide 13: Brigadier López Plant purchase
Attractive growth profile Power generation Brigadier López Plant purchase The contract for the transfer of the plant was signed on June 14, 2019, effective as of April 1, 2019 US$ 155 millions in cash US$ 165 Plant Price millions US$ 10 million in trade receivables form CAMMESA Maturity: August 2022
Slide 14: Development of awarded wind energy projects
Attractive growth profile Power generation Development of awarded wind energy projects Central Puerto’s wind projects1 RenovAr Program Term Market (MATER) 1 La Castellana 2 3 4 La Castellana 5 6 7 La Genoveva Achiras I La Genoveva I Manque Los Olivos I II II Capacity and 100.8 MW 48 MW 88.2 MW 15.2
Slide 15: Largest private player in FONI consortium operating combined cycles
FONI Largest private player in FONI consortium operating combined cycles Receivables and stake in Plants totaling 2,554 MW Assets under the FONINVEMEM program 1 San Martín 2 Manuel Belgrano 3 Vuelta de Obligado Combined cycle Combined cycle Combined cycle Plant 865 MW 873 MW 816 MW overview COD: 201
Slide 16: Company Description, Financials, Appendix
COMPANY DESCRIPTION FINANCIALS APPENDIX Adjusted EBITDA Reconciliation Foreign Exchange rate
Slide 17: Favorable financial position, which allows to develop new projects
Favorable financial position, which allows to develop new projects Debt as of June 30, 2020 (US$ mm)1 CENTRAL PUERTO SUBSIDIARIES CONSOLIDATED 272 600 328 Weighted average maturity Weighted average maturity 6.0 years Weighted average maturity 1.7 years 3.5 years Proj. Finance Long-Term Debt Debt Pri
Slide 18: Appendix
COMPANY DESCRIPTION FINANCIALS APPENDIX Summary of Res. 31/2019 – Energía Base Regulatory Framework Adjusted EBITDA Reconciliation Foreign Exchange rate
Slide 19: Summary of Res. 31/2019 – Energía Base Regulatory Framework
Appendix Summary of Res. 31/2019 – Energía Base Regulatory Framework Items Thermal Hydro Up to Ps. 360,000 per MW per month during Summer and Winter (December, January, February, June, July and August) Up to Ps. 270,000 per MW per month during Spring and Autumn (March, April, May, September, October
Slide 20: Adjusted EBITDA Reconciliation
Appendix Adjusted EBITDA Reconciliation Adjusted EBITDA Reconciliation LTM 2Q2020 Million Ps. 1H2019 (A) 2019 2019 (B)* 1H2020 (C) (B-A+C) Unaudited, subject to Unaudited, subject to limited review limited review Audited Unaudited Unaudited according to rule ISRE according to rule ISRE 2410 2410 Cur
Slide 21: Foreign Exchange Rate Evolution
Appendix Foreign Exchange Rate Evolution Exchange rate quoted by Banco de la Nación Argentina for wire transfers (“divisas”) Year Period High Low Average End 1Q 2017 16.0800 15.3600 15.6795 15.3900 2017 2Q 2017 16.6300 15.1900 15.7575 16.6300 3Q 2017 17.7900 16.8000 17.2870 17.3100 4Q 2017 19.2000 1
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