Central Puerto Sa · BCBA:CEPU
Central Puerto Sa — Investor Presentation (December 2023)
19 slides from Central Puerto Sa's investor presentation, December 2023
Slide 1: Investor Presentation
Investor Presentation December 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: Who we are
Who we are Central Puerto has evolved to become the largest private Argentine generation company in terms of both installed capacity and power generation. 3
Slide 4: Central Puerto at a glance
Central Puerto at a glance 7,173 MW of installed capacity(1)(2) through a well diversified 21 TWh generated in 2023. Market share: 15% (total SADI) / 20% generation portfolio operating 14 Power Plants (private Gencos) Spot portfolio(2) Renewables portfolio Foninvemen program Forestry Business segmen
Slide 5: Key Financial Figures
Key Financial Figures Spot market revenues Sales under contracts Adj. EBITDA Revenues(1) (US$mm) Steam sales Adj.EBITDA + FONI collections FONI Collections Other (US$mm) Adj. EBITDA margin 606 7 566 537 445 510 27 500 390 120% 121 456 15 26 450 369 362 343 110% 13 400 69 100% 301 223 350 72 73 271 3
Slide 6: Operating cashflow secured by long term US dollar contracts
+70% of Operating Cashflow is secured by long term contracts in dollars with protection mechanisms Adj. EBITDA contribution +US$ 66 MILLION by regulatory framework Collections (only principal) 12% PPA – MATER (1) under CVO during 2023*º 60% 19% PPA – RenovAr (2) of Adj.EBITDA CVO receivables to be c
Slide 7: Well diversified portfolio of generation assets
Well diversified portfolio of generation assets Remuneration (MW)(3) Assets in Operation Technology Power Capacity (MW) PPA term Installed(1) Available(2) Spot PPA 1 Central Costanera(4) (6) Thermal 2,259 1,692 590 - - 2 Central Puerto(4) Thermal 1,747 1,645 898 - - 9 3 Piedra del Águila Hydro 1,440
Slide 8: Continuously expanding and diversifying our operated portfolio
Continuously expanding and diversifying our operated portfolio Installed Capacity(1) (MW) +3,535 MW incorporated through greenfield and M&A 2023 portfolio by technology Thermal Hydro 7,173 Renewbables 4,218 4,809 3,638 5% 1% 20% 2017 2019 2021 2023 Thermal: Thermal: Thermal: Thermal: . Puerto Comple
Slide 9: We are the leading private power generation company in Argentina
We are the leading private power generation company in Argentina Local Energy Demand (TWh)(1) 16.0 35% Market Share FY2023(1)(2) 14.0 13.6 30% 13.1 13.1 13.0 14.0 29% 12.6 12.5 12.1 15% (20.1 TWh) 11.9 25% 11.7 11.8 11.8 11.3 11.8 10.5 11.0 12.0 10.9 10.8 11.0 10.6 10.3 20% 10.1 10.0 10.2 10.0 15% 1
Slide 10: Availability of thermal units
Availability of thermal units (1)(2) Steam & Gas turbines (%) 96% 96% 95% 93% 88% 86% 77% 74% 78% 62% 65% 68% 50% 2020 2021 2022 2023 Puerto Complex Lujan de Cuyo Brigadier Lopez Costanera Combined Cycles (%) 99% 89% 91% 93% 88% 93% 91% 91% 97% 75% 69% 35% 2020 2021 2022 2023 Puerto Complex Lujan de
Slide 11: Brigadier López Closing cycle project
Brigadier López Closing cycle project The project contemplates the addition of a boiler and a steam turbine to the existing dual fuel Siemens gas turbine of 281 MW, increasing the plant’s capacity by 140MW, reaching a total installed capacity of 421 MW, enough to supply more than 300,000 homes throu
Slide 12: The largest private player in the FONI Program
The largest private player in the FONI Program, with 2,554 MW combined cycle plants San Martín Manuel Belgrano Vuelta de Obligado 865 MW combined cycle 873 MW combined cycle 816 MW combined cycle COD: 2010 COD: 2010 COD: 2018 Transfer: 2020 Transfer: 2020 Transfer: 2028 Facilities Other Other Other
Slide 13: Renewables Energy Portfolio
Renewables Energy Portfolio RenovAr Program Term Market (MATER) La Castellana I Achiras La Genoveva I Guañizul II A La Castellana II Manque Los Olivos La Genoveva II Technology Wind Farm Wind Farm Wind Farm Solar farm Wind Farm Wind Farm Wind Farm Wind Farm Capacity 100.8 MW 48 MW 88.2 MW 104.6 MW 1
Slide 14: Central Puerto has become the largest forestry player in Argentina
Central Puerto has become the largest forestry player in Argentina Forestry asset's location The future development of the industry will allow the group to explore new business models focusing on increasing and diversifying revenue sources, generating exports, and evaluating the San Miguel feasibili
Slide 15: 2023 Key Figures
2023 Key Figures (1)(2) Installed Energy Revenues Adj.EBITDA(4) Net Income Net Debt Capacity(3) Generation US$ MW GWh US$ US$ US$ 7,173 20,774 537 mm 277 mm 193 mm 164 mm (5%) Y/Y (25%) Y/Y (82)% Y/Y +217 mm +49% Y/Y +19% Y/Y vs Dec-22 (1) The results presented for the annual period 2023 are negativ
Slide 16: Low leverage ratio and manageable short-term maturities
Low leverage ratio and manageable short-term maturities Debt Maturity schedule(1)(2) (US$ mm.) 123.8 Net Debt/ Adj. EBITDA(3) 50 FY24: 82.1 81.5 58.9 64 47 29.0 30.0 30.1 56 1.0x 19.8 14.4 16.1 23 17 18 18 12 8.6 26 12 14 8 6.1 9 12 12 12 12 2 2 2 1Q24 2Q24 3Q24 4Q24 2025 2026 2027 2028 2029 (+)2030
Slide 17: Thank You
Investor Presentation December 2023 Thank You
Slide 18: Regulatory Framework
Annex 1 Regulatory Framework Resolution Resolution Resolution No. 59/2023 (Feb-23) SE N°621/2023 (Jul-23) SE N°869/2023 (Nov-23) This resolution was designed to Announcement of a new Energy and capacity encourage investments for major tender process for the addition prices update for and minor maint
Slide 19: Contact Us
Investor Presentation December 2023 Contact Us LinkedIn Phone Number Central Puerto (5411) 4317 5000 Web / E-mail Location www.centralpuerto.com Av. Tomas Alva Edison 2701 inversores@centralpuerto.com Dársena E Puerto de Buenos Aires.
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