Slide 1: 3Q23 Earnings Webcast
3Q23 Earnings Webcast November 13, 2023
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: Agenda
3Q23 Earnings Webcast - Agenda ❑3Q23 Key Figures ❑Regulatory Update ❑Argentine Market Overview ❑CEPU main operating metrics ❑3Q23 Financial Results ❑Questions & Answers 3
Slide 4: Key Figures 3Q23
Key Figures 3Q23 (1) Installed Energy Revenues Adj.EBITDA(2) Net Income Net Debt (3) Capacity Generation MW GWh US$ US$ US$ US$ 7,113 5,721 166 mm 89 mm 11 mm 164 mm +48% Y/Y +46% Y/Y +21% Y/Y (5%) Y/Y (66)% Y/Y +21 mm vs Dec-22 (1) The FX rate used to convert Argentine Pesos to U.S. dollars is the
Slide 5: Regulatory Update
Regulatory Update Resolution SE N°621/2023 (July 6th) Announcement of a new tender process for the addition of new thermal capacity and the replacement of existing one. Central Puerto and other participants submitted offers on September 25th and are awaiting the definition of CAMMESA. • Central Puer
Slide 6: Expansion in renewables with acquisition of Guañizul II A solar farm
We continue our expansion in renewables with the acquisition of the Guañizul II A solar farm • Location: San Juan Province • Nominal capacity: 104.6 MW • Energy generation: 300 GWh/y • Capacity factor: ~33% • Remuneration: 20 year PPA with CAMMESA – Renov.ar 2.5 6 6
Slide 7: Argentine Market Overview
Argentine Market Overview Installed Capacity (MW EoP) Energy Generation (GWh) (12)% 42,898 43,452 3Q2022 3Q2023 5,034 5,458 1,755 1,755 +63% Renewable 10,834 10,834 Nuclear Hydro Thermal 18,916 16,557 +6% 12,026 25,275 25,405 (6)% 7,396 4,756 5,045 2,386 2,233 3Q2022 3Q2023 Thermal Hydro Nuclear Ren
Slide 8: Argentine Market Overview
Argentine Market Overview Energy Demand (GWh) Energy Demand per month (GWh) +1% 34,730 35,196 (1.3)% (0.2)% 9,205 9,075 +6.3% 9,455 9,456 12,640 12,477 11,782 11,756 10,962 16,070 16,665 10,314 3Q2022 3Q2023 Residential Commercial Major Demand (Industrial/Commercial) July August September 100% 100%
Slide 9: Central Puerto’s main operating metrics – 3Q23
Central Puerto’s main operating metrics – 3Q23 Energy generation (GWh) +46% 3 1,533 767 514 5,721 3,932 3Q22 Generation Thermal Units (ex- Thermal Units (CECO) Hydro Generation Renewable energy 3Q23 Generation CECO) (18%) due to lower dispatch +248% due to higher inflow +1% due to better wind and av
Slide 10: Revenues breakdown
Revenues breakdown 3Q23 Revenues (in US$ mm) 21% 11 8 166 2 21 138 137 (13) (1) 3Q22 revenues Spot sales (Legacy) Steam sales Sales under Other Income 3Q23 Revenues Δ CECO Revenues Δ Forestry Segment 3Q23 revenues contracts Excl. Acquisitions (Legacy) Revenues Spot Sales (Energía Base / Legacy Capac
Slide 11: Reconciliation of Adj. EBITDA
Reconciliation of Adj. EBITDA(1) 3Q23 Adj. EBITDA(1) (in US$ mm) (5.3)% 94 4 89 7 (1) 78 (10) (1) (3) 3Q22 Adj.EBITDA (1) Δ Revenues Δ Cost of Sales Δ Adm and Δ Other results, net 3Q23 Adj.EBITDA Δ Adj. EBITDA CECO Δ Adj. EBITDA 3Q23 Adj.EBITDA (1) selling expenses (excluding Forestry Segment acquis
Slide 12: Consolidated Net income
Consolidated Net income 3Q23 Consolidated Net Income (in US$ mm) (66)% 16 2 25 31 (40) 11 (18) (5) 3Q22 Consolidated Δ FONI FX Difference Δ Biological Assets - Δ Income Tax Δ Results on net Δ Financial Results 3Q23 Adj. EBITDA 3Q23 Consolidated Net Income and interests and Fair value variation monet
Slide 13: Cash Flow bridge
Cash Flow bridge 9M Cash Flow (in US$ mm) 171 (78) 20 54 58 (85) (24) Cash at the beginning of Operating Activities Investing Activities Financing Activities Exchange difference and Results due to change in Cash at the end of the the period other financial results the purchasing power of period the
Slide 14: Successful liability management lifting dividend payment restrictions
Successful liability management lifting dividend payment restrictions Debt Maturity Schedule as of Sept 30th (in US$ mm) On Oct-19th the company partially prepaid US$ 49 mm of the Syndicated loan signed with Citibank N.A., JP Morgan Chase Bank N.A. and Morgan Stanley Senior Funding INC., remaining U
Slide 15: Questions & Answers
Questions & Answers 15 15
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