Acwa Power · TADAWUL:2082
Acwa Power — Q1 2022 Earnings Presentation
11 slides from Acwa Power's earnings presentation, May 19, 2022
Slide 1: Earnings Call Presentation, 1Q22
ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com ACWA Power May 2022 Earnings Call Presentation For the period ending 31 March 2022 (1Q22) 19 May 2022
Slide 2: Disclaimer
Disclaimer This document and the information contained therein (the "Information") has been prepared by ACWA POWER Company (the "Company“ or “ACWA Power”) for background purposes only and does not purport to be full, accurate or complete. No reliance may be placed for any purpose on the Information
Slide 3: Robust progress in the first three months of 2022
Robust progress in the first three months of 2022 • Operating profit1 at SAR 517M, SAR 85M or 19.5% ahead of 1Q21 • Adjusted net profit2 at SAR 155M, SAR 15M or 10.6% ahead of 1Q21 • New projects such as Jazan IGCC and Rabigh 3 significantly contributed to operating income in addition to the collect
Slide 4: Disturbance amid high-cost environment, exacerbated by the situation in Ukraine
We begin to experience disturbance amid high-cost environment, exacerbated by the situation in Ukraine • A persistent higher cost environment amid the recovery from the (Covid-19) pandemic in materials, commodities and construction activity • Ukraine situation: Major disturbance in transportation ro
Slide 5: Green hydrogen
Green hydrogen • The first and by far the largest at-scale green hydrogen and ammonia project that has already gone into construction in the world • Equally owned by three best partners in the world to undertake this size of a project: ACWA Power; NEOM, the zero-carbon future city; and Air Products,
Slide 6: Key reporting metrics (KPIs)
Key reporting metrics (KPIs) Financial Metrics Description Frequency Operating income Consolidated Operating income before impairment loss and other expenses which before impairment loss also includes share in net results of equity accounted investees and other expenses Quarterly Adjusted profit / (
Slide 7: Key factors affecting operational and financial results for 1Q2022
Key factors affecting operational and financial results for 1Q2022 Major material ordinary-course-of- • Full quarter impact of 10 projects with partial or no contribution in 1Q21 (+) business transactions that did not result in adjustment to the • Unplanned extended outages (-) ACWA POWER INVESTOR R
Slide 8: Operating income before impairment loss and other expenses
Operating income before impairment loss and other expenses Operating income before impairment loss and other expenses SAR millions (M) Performance LD collection on 517 SAR 80M Noor III CSP IPP from EAI in Morocco in 432 ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com and SAR lie
Slide 9: Net and Adjusted net profit attributable to equity holders of parent
Net and Adjusted net profit attributable to equity holders of parent Net profit attributable to equity holders of the parent SAR millions (M) NCI portion of Mainly interest subsidiaries income on loan SAR 74.5M increase (SAR 28M) in deferred tax 16 25 11 expense mainly ACWA POWER INVESTOR RELATIONS
Slide 10: Closing remarks
Closing remarks • Business continued to show robust overall performance in 1Q22 • It is encouraging to see the significant positive impact from the new projects that come into operation and provide stable stream of income and cash ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com
Slide 11: Q&A
ACWA POWER INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com 21 10 Q&A