ACWA POWER INVESTOR RELATIONS | https://www.acwapower.com | ir@acwapower.com
ACWA Power Company Earnings Call1
Realizing Business Growth at Unprecedented Scale
IN NINE MONTHS …
ACWA POWER INVESTOR RELATIONS | https://www.acwapower.com | ir@acwapower.com
Added 24.7 GW of Power and 1.8 million m³/day of desalinated water capacity including the acquired power and water assets in Kuwait, Bahrain, China
Largest under-construction portfolio in our history
with 34 assets - 46 GW and 1.5 million m3/day
Brought online 7 GW of power, 600K m³/day of desalinated water capacity, and 3k tonnes/annum of GH2
Reached 110 assets, 15 countries, SAR 430 billion
AUM
3
Renewables represent 56% 52GW in operation, construction, advanced development
5.6
+ 1.2 GWh BESS
ACWA POWER INVESTOR RELATIONS | https://www.acwapower.com | ir@acwapower.com
Awarded, pending contract signing
Submitted, Results Awaited
Power (GW)
Water (Mm3/day)
1.1
-
GH2 (MTPA)
-
-
# of Countries
5
2
2.4
+8.0 GWh BESS
Bids/Deals in Pipeline 118.8
+ ~34 GWh BESS
+2.2 GWh BESS
Financial close ongoing 29.2
17.8
2.4
0.49 23
- 7
Source: Company information.
4
Strong pipeline to execute our 2030 targetRemarkable progress towards our 2030 targets … A boost in our confidence for our ambition
6.8
50.4
June 2023
Today
2030
Power
ACWA POWER INVESTOR RELATIONS | https://www.acwapower.com | ir@acwapower.com
ACWA POWER INVESTOR RELATIONS | https://www.acwapower.com | ir@acwapower.com
GW
Water
mm3/day
Green Hydrogen
Million Tonnes/Year
175+
9.3
93.0
15+
0.2
1.0*
5
0.2
* Ready capacity waiting out to be contracted is expected to be 2.5m ton/year by 2030.
5
ACWA POWER INVESTOR RELATIONS | https://www.acwapower.com | ir@acwapower.com
HEALTH, SAFETY,
& ENVIRONMENT (HSE)
POWER AVAILABILITY
WATER AVAILABILITY
0.01LOST TIME INJURY RATE (LTIR) 9M2024: 0.02
91.7%9M2024: 93.9%
98.3%9M2024: 97.4%
Source: Company information.
6
Safety remains foremost priority with further room to improve. Availability performs consistently above standards.Financial Results
Overview
Following the successful completion of SAR
ACWA POWER INVESTOR RELATIONS | https://www.acwapower.com | ir@acwapower.com
7.1 billion rights issue, proceeds received on
July 31, 2025.
SAR 17.7 billion worth of financial close in nine months; SAR 32.2 billion subsequently in October.
Achieved commercial operations for an unprecedented 7 GW of power, 600K m³/day of desalinated water capacity, and 3k tonnes/annum of GH2.
Operating income up by by ~17%
8
Adjusted net profit increased by ~22%
Project | Time | TIC | Contracted capacity | |
Saguling Floating PV IPP In 3Q25 Al-Nairyah-1 | Aug '25 Aug '25 | 0.2 B 7.9 B | 60 MW 1,890 MW | |
Rumah-1 | Aug '25 | 7.8 B | 1,890 MW | |
Uzbek GH2 Phase 1 | May '25 | 0.4 B | 52 MW & 3K tons/annum GH2 |
Tashkent (Riverside) | May '25 | 2.0 B | 400 MW |
9M 2025 | 1Jan - 30 Sept | 17.7 B | 4,292 MW & 3K tons/annum GH2 |
9M 2024 | 1Jan - 30 Sept | 31.0 B | 9,530 MW power; 818K m3/day |
FY 2024 | 1Jan - 31 Dec | 34.6 B | 10,770 MW power; 818K m3/day |
ACWA POWER INVESTOR RELATIONS | https://www.acwapower.com | ir@acwapower.com
Subsequent FC's in October 2025
Hajr Expansion | Oct '25 | 13.5 B | 3,010 MW |
Nukus 2 Wind | Oct '25 | 1.0 B | 200 MW +(~40 MW BESS) |
10M 2025
1Jan - 31 Oct
32.2 B
7,322 MW +(~40 MW BESS) & 3K
tons/annum GH2
Source: Company information.
Saudi Riyal Symbol 9
32 billion of FCs achieved to date (Nov 3)Project | Time | Incremental capacity | Total online capacity | Remaining to bring online | |
In 3Q25 | Chirquiq GH₂ | Sep'25 | 52 MW1 & 3 K tons/annum (GH₂) | 52 MW & 3 K tonnes/annum (GH₂) | - |
Karatau Wind (Nukus) | Sep'25 | 65 MW | 65 MW | 35 MW | |
Ar Rass-2 PV | Aug'25 | 1,000 MW | 1,000 MW | 1,000 MW | |
Saad-2 PV | Sep'25 | 1,125 MW | 1,125 MW | - | |
Al Kahfah PV | Aug'25 | 1,425 MW | 1,425 MW | - | |
Azerbaijan Wind | Aug'25 | 78 MW | 78 MW | 163 MW |
9M 2025 | 1Jan - 30 Sep | +6,996 MW; +600K m³/day; 3 K tonnes/annum (GH₂) |
9M 2024 | 1Jan - 30 Sep | +2,426 MW; +76K m³/day |
FY 2024 | 1Jan - 31 Dec | +3,808MW; +76K m³/day |
ACWA POWER INVESTOR RELATIONS | https://www.acwapower.com | ir@acwapower.com
Redstone CSP | May-25 | 100 MW | 100 MW | - |
Shuaibah 3 SWRO | May-25 | 600,000 m3/day | 600,000 m³/day | - |
Bash | Mar-25 | 500 MW | 500MW | - |
Dzhankeldy | Mar-25 | 500 MW | 500MW | - |
Al Shuaibah 2 | Feb-25 | 2,060 MW | 2,060MW | - |
Layla | Jan-25 | 91 MW | 91MW | - |
Source: Company information. 1. Incremental power capacity was achieved in May-25. 10
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