Slide 1: Company Presentation
C O M PA N Y P R E S E N TAT I O N April 1, 2019
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, Financials, Appendix
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 ◼ 4,315 MW of installed capacity After expansion projects are - 11% market share (14.8 TWh generated in LTM4Q2019) completed the Power ◼ 631 MW under construction/development with PPAs capacity will be: Generation - 470 MW in thermal projects, and 123 MW
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% Federal Local shareholders ADR holders Goverment Neuquén Province Power generation of Central Puerto and its consolidated subsidiaries (LTM ended on December 31, 2019) 1 Sales2 Adj
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 1,714 - - 11 2 Piedra del Águila 1,440 - - 3 Luján de Cuyo 595 - - 14 13 10 4 5 4 Brigadier López
Slide 7: Central Puerto at a glance (cont’d)
Central Puerto at a glance (cont’d) Attractive growth pipeline Generation assets and projects under development breakdown by technology (MW) Awarded and under Brigadier López construction / development (2) expansion 4,946 Renewables 100 4,806 140 4,315 386 386 391 Steam turbines 286 1069 1069 1069 7
Slide 8: 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 (GWh) SADI’s total power generation by private sector companies and market share, January 2019 – December 2019 17.5% 18.4% 12.5% 15.3% 36.3% 30,
Slide 9: High quality assets with strong and stable operational performance
Power generation High quality assets with strong and stable operational performance Assets with high availability… …a strong generation track record… Average availability of thermal units Market average1 Central Puerto Power generated (TWh) Historical low hydrological levels affected Piedra del Agui
Slide 10: Attractive growth profile: Luján de Cuyo expansion
Attractive growth profile Power generation On October 5, the new Luján de Cuyo cogeneration added 95 MW 1 Expansion of Lujan de Cuyo Total power 95.32 MW capacity Awarded power 93 MW (for the winter) capacity Heat rate 1,530 Kcal/KWh Steam production 125 tons per hour capacity Technology Cogeneratio
Slide 11: Terminal 6 project will add 330 MW
Attractive growth profile Power generation Terminal 6 project will add 330 MW to Central Puerto’s installed capacity 1 Terminal 6 San Lorenzo Expected total 391 MW power capacity Awarded power 330 MW (for the winter) capacity Expected heat rate 1,490 Kcal/KWh Steam production 350 tons per hour capac
Slide 12: Brigadier López Plant purchase
Attractive growth profile Power generation Brigadier López Plant purchase The contract for the transfer of the plant was signed on June 14, 2019, effective as of April 1, 2019 US$ 155 millions in cash US$ 165 Plant Price millions US$ 10 million in trade receivables form CAMMESA Maturity: August 2022
Slide 13: Development of awarded renewable energy projects
Attractive growth profile Power generation Development of awarded renewable energy projects Central Puerto’s renewable projects1 RenovAr Program Term Market (MATER) 1 La 2 3 La 4 La 5 6 7 La 8 Castellana I Achiras I Genoveva I Castellana II Manque Los Olivos Genoveva II El Puesto Capacity and 100.8
Slide 14: Largest private player in FONI consortium
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 Combined cycle Combined cycle Plant 865 MW 873 MW 816 MW overview COD: 201
Slide 15: Natural gas distribution business provides cash flow through dividends
Natural Gas Central Puerto also participates in the natural gas distribution business, Distribution and Transportation which also provides cash flow to its operation through dividends Stake in natural Gas Distribution companies Key performance indicators Stake* Stake in 40.59% DGCE • 15% market shar
Slide 16: Company Description, Financials, Appendix
COMPANY DESCRIPTION FINANCIALS APPENDIX Adjusted EBITDA Reconciliation Foreign Exchange rate
Slide 17: Strong cash flow generation and financial position
Strong cash flow generation and financial position US$ based revenues supported by additional FONINVEMEM cash flows Revenues Adj. EBITDA Net Income (US$mm)1 excluding CVOSA effect, and FX differences (US$mm)1 and interest on FONI receivables (US$mm)1 In Ps.mm: 35,961 16,411 6,021 The 2019 Adj. EBITD
Slide 18: Favorable financial position, which allows to develop new projects
Favorable financial position, which allows to develop new projects Cash Position as of December 31, 2019 (US$ mm)1 CENTRAL PUERTO SUBSIDIARIES CONSOLIDATED 153 Cash and Eq. 79 74 Financial Debt (269) (195) (377) (298) (493) Net Debt Proj. Finance Long-Term Debt (646) position Net Debt/ (LTM 4Q2019 A
Slide 19: Company Description, Financials, Appendix
COMPANY DESCRIPTION FINANCIALS APPENDIX Summary of Res. 31/2019 – Energía Base Regulatory Framework Adjusted EBITDA Reconciliation Foreign Exchange rate
Slide 20: Summary of Res. 31/2019 – Energía Base Regulatory Framework
Appendix Summary of Res. 31/2019 – Energía Base Regulatory Framework Items Thermal Hydro Up to Ps. 360,000 per MW per month during Summer and Winter (December, January, February, June, July and August) Up to Ps. 270,000 per MW per month during Spring and Autumn (March, April, May, September, October
Slide 21: Adjusted EBITDA Reconciliation
Appendix Adjusted EBITDA Reconciliation Adjusted EBITDA Reconciliation Million Ps. 9M2019 (A) 9M 2019 (B) 4Q2019 (C-B) 2019 (C) Unaudited, subject to Unaudited Unaudited Audited limited review according to rule ISRE 2410 September 30, 2019 December 31, 2019 December 31, 2019 December 31, 2019 Curren
Slide 22: 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 2017 16.0800 15.3600 15.6795 15.3900 2017 2Q 2017 16.6300 15.1900 15.7575 16.6300 3Q 2017 17.7900 16.8000 17.2870 17.3100 4Q 2017 19.2000 1
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