Slide 1: 1Q26 Earnings Results
1Q26 Earnings Results Jan-Mar 2026
Slide 2: Disclaimer
DISCLAIMER This presentation and the information contained herein (this "Presentation") are the sole and exclusive property of Aboitiz Power Corporation (“AboitizPower”) and shall only be used for the purpose intended herein and may not be used, published or redistributed without the prior written c
Slide 3: Sandro Aboitiz, Chief Financial Officer
Sandro Aboitiz Chief Financial Officer AboitizPower
Slide 4: 1Q26 Results highlights
1Q26 Results highlights • Beneficial EBITDA for 1Q26 rose to PHP20.3b, up 35% from PHP15.0b in 1Q25, driven by increased contracted capacity, higher coal plant availability, contributions from new solar plants in Olongapo, Armenia, and San Manuel, and full quarter earnings from Chromite Gas. • Core
Slide 5: 1Q26 beneficial EBITDA grew by 35% YoY
1Q26 beneficial EBITDA grew by 35% YoY All of AboitizPower’s segments posted growth in 1Q26. The Generation segment, which accounted for 89% of beneficial EBITDA, was the primary driver of this growth. Beneficial EBITDA PHPb 1Q25 1Q26 20.3 The 42% YoY increase in the Generation 18.0 segment’s EBITDA
Slide 6: Progress continues across our renewable energy pipeline
Power Generation 8 MW Magat BESS 2 Progress continues across our May 2026 12 MW Magat BESS 1 Completion: 99% Commissioned Jan 2024 renewable energy pipeline 95 MWp (75 MWac) Cayanga Solar 20 MW Ambuklao BESS Energized Oct 2023 818 MW* (655 MWac) of the initial Q2 2027 Completion: <1% 159 MWp (130 MW
Slide 7: Projects for completion in 2027 onwards: A total of 639.5 MWac of GEA capacity
Power Generation Projects for completion in 2027 onwards: 190 MWac Currimao Solar 50 MWac Magat Floating Solar 2029 2027 A total of 639.5 MWac of GEA capacity was awarded to AboitizPower, with construction 100 MWac Laoag Solar 49.5 MW net Presentacion 2 Wind 2028 already underway for the 49.5 MW Pre
Slide 8: Total energy sold in 1Q26 grew by 30% YoY
Power Generation Total energy sold in 1Q26 grew by 30% YoY Energy volumes sold through BCQs rose 44% year-on-year in 1Q26, bringing contracted volumes to 91% of total energy sales for the quarter. As of Mar 2026, ~90% of our baseload capacity is under contract. Total energy sold GWh 3,157 GWh 11,243
Slide 9: Beneficial revenue in 1Q26 grew by 29% YoY
Power Generation Beneficial revenue in 1Q26 grew by 29% YoY Contributions from Chromite Gas Holdings, CBK, and our new solar power plants drove higher revenue. Revenue Average BCQ revenue per kwh PHPm PHP/kwh 5.30 5.35 NEWC averaged at USD120/MT in 1Q26, higher than USD105/MT in 1Q25. 48,087 37,342
Slide 10: 37% YoY increase in gross profit was volume-driven
Power Generation 37% YoY increase in gross profit was volume-driven The increase in sales volumes, lower spot market exposure, and higher plant availability drove gross profit in the Power Generation segment up to PHP 19.4b. Gross Profit PHPm 1Q25 1Q26 Generation costs only rose by 15% despite the 2
Slide 11: Power sales from the DU segment rose by 6% YoY
Distribution Utility Power sales from the DU segment rose by 6% YoY EBITDA contribution from the Distribution segment for 1Q26 rose by 11% to PHP2.3b Volume sales GWh; beneficial basis 6,927 6,631 6,157 5,583 5,785 31% Residential - 529 GWh (+6% YoY) 1,707 69% Commercial, Industrial +6% YoY and Othe
Slide 12: One of the leading retail electricity suppliers
Retail Electricity Supply One of the leading retail electricity suppliers AboitizPower’s RES segment continues to be one of the biggest suppliers, with a market share of 26.45% as of the latest CREM Report. AP RES Market Share Customer Type* MW AP Utilities Agriculture Others 2% 17% 26% 3% Residenti
Slide 13: 1Q26 NIAT 71% higher YoY
1Q26 NIAT 71% higher YoY Strong EBITDA translated into NIAT of PHP7.9b, significantly higher by 71%. NIAT PHPm 20,317 5,141 1Q25 1Q26 15,018 4,484 5,069 1Q26 EPS: PHP1.10/sh (+71% YoY) 1Q25 EPS: PHP0.64/sh 4,229 2,538 1,595 7,569 7,908 4,710 4,617 EBITDAEBITDA EBITDA NetLess: interest Net Net expens
Slide 14: M&A-driven increase in leveraging
M&A-driven increase in leveraging Even with incremental borrowings for AboitizPower’s investments in Chromite, CBK and its renewable energy expansions, net debt to equity remains manageable at 1.32x. PHPm CONSOLIDATED 31 Dec 2025 31 Mar 2026 Cash and Cash Equivalents 58,932 73,867 Investments and ad
Slide 15: Debt is predominantly fixed and long-term
Debt is predominantly fixed and long-term Disciplined management of balance sheet and debt supports AboitizPower’s long-term growth plans. Debt maturity profile Currency Exposure As of Mar 2026 As of Mar 2026 PHPb PHPb Non-PHP, 11% 113.1 1.9 3.5 4.3 16.8 28.8 PHP, 89% 28.2 24.2 21.3 2026 2027 2028 2
Slide 16: o AboitizPower | st) 612025
o AboitizPower | st) 612025