Central Puerto Sa · BCBA:CEPU
Central Puerto Sa — Q2 2021 Earnings Presentation
19 slides from Central Puerto Sa's earnings presentation, August 2021
Slide 1: Company Presentation August 2021
C O M PA N Y P R E S E N TAT I O N August 2021
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
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 ◼ 4,709 MW of installed capacity Power - 10.8% market share (14.9 TWh generated in LTM 2Q2021) Generation ◼ Cogeneration under construction with PPAs ◼ Receivables under FONI program (expected cash flow for 2021: US$ 55 millions, US$27 millions collected
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, 2021)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 1,747 - - 2 Piedra del Águila 1,441 - - 3 Luján de Cuyo 576 - - 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 2020 – June 2021 10.8% 12.1% 9.0% 10.2% 57.9% 76,1 14,9 1
Slide 8: High quality assets with strong and stable operational performance
Power High quality assets with strong and stable operational performance generation Assets with high availability… …a strong generation track record… Average availability of thermal units Market average1 Central Puerto2 Power generated (TWh) Thermal Hydro Wind . 15.5 91% 93% 14.5 14.8 14,8 89% 90% 1
Slide 9: New projects pipeline
Power New projects pipeline generation Generation assets and projects under construction breakdown by technology (MW) Under construction 2 Renewables 4,709 4,809 100 374 Steam turbines 374 1.069 1.069 Gas turbines 350 641 1.088 CC 1.088 486 95 Co Generation 1.441 1.441 Hydro Current Capacity (+) The
Slide 10: High portion of operating cash flow through long term contracts
2020 break down by source High portion of the operating cash flow through long term contracts and with protection mechanisms EBITDA 2020 contribution by regulatory framework 37% Spot – Energía Base 63% 37% Contracts – Thermal units of 2020 EBITDA Backed by reserve fund financed through Contracts – R
Slide 11: Terminal 6 Project – Combined Cycle
Power Terminal 6 Project – Combined Cycle generation 1 Terminal 6 San Lorenzo Awarded power 330 MW (for the winter) Capacity under PPA 317 MW (for the summer) Technology Cogeneration (electricity + steam) Electricity contract 15 years length 17,000 US$/MW per month 1 Awarded energy price + [capacity
Slide 12: Wind energy portfolio
Power Wind energy portfolio generation Central Puerto’s wind farms1 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 MW 57 MW 22.8 MW 41.8 MW technology wind farm wind
Slide 13: 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 865 MW Combined cycle 873 MW Combined cycle 816 MW Plant COD: 2010 COD: 20
Slide 14: Financials
COMPANY DESCRIPTION FINANCIALS APPENDIX Adjusted EBITDA Reconciliation Foreign Exchange rate
Slide 15: Financial position
Financial position Debt Principal as of June 30, 2021 (US$ mm)1 CENTRAL PUERTO SUBSIDIARIES CONSOLIDATED 282 541 259 Weighted average maturity Weighted average maturity 5.3 years Weighted average maturity 2.3 years 3.9 years Proj. Finance Long-Term Debt Debt Principal Amortization Schedule as of Jun
Slide 16: Appendix
COMPANY DESCRIPTION FINANCIALS APPENDIX Adjusted EBITDA Reconciliation Foreign Exchange rate
Slide 17: Adjusted EBITDA Reconciliation
Appendix Adjusted EBITDA Reconciliation Adjusted EBITDA Reconciliation 2Q2020 2020 2Q2021 LTM 2Q2021 Million Ps. - except where noted- 2020 (A) (B)* (C) (B-A+C) Unaudited, subject Audited Unaudited Unaudited, subject Audited to limited review to limited review according to rule according to rule ISR
Slide 18: 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 2018 20.4100 18.4100 19.6779 20.1490 2Q 2018 28.8500 20.1350 23.5843 28.8500 2018 3Q 2018 41.2500 27.2100 31.9583 41.2500 4Q2018 40.5000 35
Slide 19: ) Seett|
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