Central Puerto 2Q24 Earnings Launch By Investing.com

BUENOS AIRES, ARGENTINA / ACCESSWIRE / August 9, 2024 / Central Puerto S.A (“Central Puerto” or the “Company”) (NYSE:CEPU), the most important personal sector energy era corporations in Argentina, reviews its consolidated monetary outcomes for the Second Quarter 2024 (“2Q24”), ended on June 30 ^th , 2024.

A convention name to debate the 2Q24 outcomes will probably be held on August 12 ^th , 2024, at 09 AM Jap Time (see particulars under). All data offered is offered on a consolidated foundation, except in any other case said.

Monetary statements as of June 30 ^th , 2024, embrace the results of the inflation adjustment, making use of IAS 29. Accordingly, the monetary statements have been said by way of the measuring unit present on the finish of the reporting interval, together with the corresponding monetary figures for earlier durations reported for comparative functions. Progress comparisons confer with the identical durations of the earlier 12 months, measured within the present unit on the finish of the interval, except in any other case said. Consequently, the data included within the Monetary Statements for the interval ended on June 30 ^th , 2024, is just not similar to the Monetary Statements beforehand revealed by the corporate. Nevertheless, we offered some figures transformed from Argentine Pesos to U.S. {dollars} for comparability functions solely. The change charge used to transform Argentine Pesos to U.S. {dollars} was the reference change charge (Communication “A” 3500) reported by the Central Financial institution for U.S. {dollars} for the top of every interval. The knowledge offered in U.S. {dollars} is for the comfort of the reader solely and should defer if such conversion for every interval is carried out on the change charge relevant on the finish of the most recent interval. You shouldn’t think about these translations to be representations that the Argentine Peso quantities truly signify these U.S. {dollars} quantities or could possibly be transformed into U.S. {dollars} on the charge indicated.

Definitions and phrases used herein are offered within the Glossary on the finish of this doc. This launch doesn’t include all of the Firm’s monetary data. Consequently, buyers ought to learn this launch at the side of Central Puerto’s consolidated monetary statements as of and for the interval ended on June 30 ^th , 2024, and the notes thereto, which will probably be obtainable on the Firm’s web site.

A. Regulatory Updates and Related Info

Acquisition of curiosity in AbraSilver

On April 22, 2024 , our subsidiary Proener entered into a typical shares subscription settlement with AbraSilver Useful resource Corp. (a Canadian firm listed within the Canadian inventory market) (“AbraSilver”), granting Proener a 4% curiosity within the share capital of AbraSilver, which is the proprietor of the silver-gold mission Diablillos, situated within the northeastern of Argentina. In flip, and at the side of Central Puerto, Kinross Gold (NYSE:) Company, a significant Canadian mining firm, (NYSE: KGC, TSX: Okay) additionally acquired a 4% curiosity on comparable phrases.

Decision SE N °78/2024 – standing on Piedra del Águila concession

On Could 17, 2024 , the Secretariat of Vitality via this decision prolonged the transition interval as much as December 28, 2024, as it’s allowed within the concession contract.

Standing on CAMMESA’s delayed funds

On Could 23 ^rd , 2024 , Central Puerto accepted the phrases said by Decision SE No. 58/2024 , issued on Could 6 ^th , 2024 , relating to the commerce receivables accrued on Dec-23, Jan-24 and Feb-24. Consequently, commerce receivables have been paid as follows:

• Commerce receivables accrued on December 2023 and January 2024 have been paid with Argentine Republic USD bond at face worth (the AE38).

• Commerce receivables accrued on February 2024 have been paid with funds obtainable in CAMMESA’s financial institution accounts and transfers made by the Nationwide Authorities to the Stabilization Fund.

This decision carried out a consolidated lack of roughly ARS 20,459 million (roughly USD 22.5 MM), on condition that the bonds obtained have market worth decrease than their face worth. Nevertheless, it must be famous that this decision didn’t have an effect on the peculiar course of enterprise of the Firm, its cost capability nor its obtainable financing choices.

Decision SE N °99/2024

On June 14 ^th , 2024 , the Secretariat of Vitality up to date remuneration costs for power and energy of era models not dedicated in a PPA (spot market). Remuneration values elevated by 25% since June 1 ^st , 2024.

Decision SE N °151/2024

On July 8 ^th , 2024 , the Secretariat of Vitality cancelled the so referred to as Terconf, a thermal era tender aiming to extend the thermal energy provide and its reliability. Central Puerto had been awarded with 516 MW allotted in Central Costanera.

Decision SE N °193/2024

On August 1 ^st , 2024 , the Secretariat of Vitality up to date remuneration costs for power and energy of era models not dedicated in a PPA (spot market). Remuneration values elevated by 3% since August 1 ^st , 2024.

Funding tasks at present in execution

• San Carlos Mission:

  Building agreements with Shanghai Electrical Energy Building Firm Ltd. have been signed on March 27, 2024 and works started on July 31, 2024. The development is ready to complete in April 2025. As of right now, all permits are in place, native distributors have already initiated their buying course of and the location is being ready for building and meeting. Tools is being delivered to Argentina.

• Brigadier Lopez Mixed Cycle:

  Via this mission, Central Puerto goes to transform an open cycle thermal energy plant with a gasoline turbine right into a mixed cycle thermal energy plant, with the addition of a steam turbine. The EPC provider, SACDE, obtained the Discover-To-Proceed on February 26 ^th , 2024, and the COD is scheduled for October 2025. As of right now, works on the location have already began, with the meeting of pipes and wires, communication techniques and water consumption techniques. The opposite provider for this mission is Siemens.

  Each tasks are on schedule and on funds .

B. Argentine Market Overview

The desk under units forth key Argentine power market information for 2Q24 in comparison with 1Q24 and 2Q23.

			2Q24				1Q24				2Q23			Δ % 2Q24/2Q23					6M24				6M23			Δ % 6M24/6M23
Put in capability (MW; EoP 1 )			43,602				43,873				43,405				0	%			43,602				43,405				0	%
Thermal			25,115				25,448				25,450				(1	%)			25,115				25,450				(1	%)
Hydro			10,834				10,834				10,834				0	%			10,834				10,834				0	%
Nuclear			1,755				1,755				1,755				0	%			1,755				1,755				0	%
Renewable			5,898				5,836				5,366				10	%			5,898				5,366				10	%
Put in capability (%)			100	%			100	%			100	%			N/A				100	%			100	%			N/A
Thermal			58	%			58	%			59	%		(1 p.p.)					58	%			59	%		0 p.p.
Hydro			25	%			25	%			25	%		0 p.p.					25	%			25	%		0 p.p.
Nuclear			4	%			4	%			4	%		0 p.p.					4	%			4	%		0 p.p.
Renewable			14	%			13	%			12	%		1 p.p.					14	%			12	%		0 p.p.
Vitality Era (GWh)			33,811				39,285				32,046				6	%			73,099				70,676				3	%
Thermal			17,620				21,355				18,877				(7	%)			38,976				42,295				(8	%)
Hydro			7,839				9,055				6,589				19	%			16,895				15,192				11	%
Nuclear			3,373				3,225				2,030				66	%			6,599				3,919				68	%
Renewable			4,979				5,650				4,550				9	%			10,629				9,270				15	%
Vitality Era (%)			100	%			100	%			100	%			N/A				100	%			100	%			N/A
Thermal			52	%			54	%			59	%		(7 p.p.)					53	%			60	%		(7 p.p.)
Hydro			23	%			23	%			21	%		3 p.p.					23	%			21	%		2 p.p.
Nuclear			10	%			8	%			6	%		4 p.p.					9	%			6	%		3 p.p.
Renewable			15	%			14	%			14	%		1 p.p.					15	%			13	%		1 p.p.
Vitality Demand (GWh)			33,437				37,889				32,934				2	%			71,325				72,430				(2	%)
Residential			15,631				18,325				14,480				8	%			33,955				33,909				0	%
Industrial			9,022				10,423				9,239				(2	%)			19,444				19,893				(2	%)
Main Demand (Industrial/Industrial)			8,784				9,141				9,215				(5	%)			17,926				18,628				(4	%)
Vitality Demand (%)			100	%			100	%			100	%			N/A				100	%			100	%			N/A
Residential			47	%			48	%			44	%		3 p.p.					48	%			47	%		1 p.p.
Industrial			27	%			28	%			28	%		(1 p.p.)					27	%			27	%		0 p.p.
Main Demand (Industrial/Industrial)			26	%			24	%			28	%		(2 p.p.)					25	%			26	%		(1 p.p.)

Supply: CAMMESA; firm information. Figures are rounded.

1. As of June 30 ^th , 2024.

Put in Energy Era Capability: By the top of the second quarter of 2024 (2Q24), the nation’s put in capability reached 43,602 MW, which implies a rise of 0.5% or 198 MW in comparison with the 43,405 MW recorded as of June 30 ^th , 2023. The variation is a mixture of the set up of latest energy amenities and the addition of capability, changes and repowering of energy vegetation that have been already in operation. The +198 MW is decomposed as observe: (i) +533 MW of renewable sources, of which +368 MW corresponds to wind farms (50 MW of latest vegetation put in in the course of the 2Q24), +155 MW to photo voltaic vegetation (12 MW of latest vegetation put in in the course of the 2Q24) and 9 MW to biogas energy vegetation and (ii) -335 MW in thermal sources, which incorporates +527 MW of mixed cycles and -862 MW of gasoline and steam generators and diesel engines.

Energy era & demand: Through the 2Q24 power demand elevated 2% to 33,437 GWh in comparison with 32,933 GWh recorded in the course of the 2Q23, which is principally defined by an increase in residential consumption because of climate circumstances. On common, the temperature in the course of the 2Q24 was 0.9 ° decrease than the identical interval of final 12 months. Could was the coldest month in the course of the second quarter of 2024, with temperatures 3.7 ° decrease than the identical month of 2023. Not surprisingly, residential demand skyrocketed alongside this month (+29%).

According to the demand, era rose 6% in the course of the quarter on a year-over-year (YoY) foundation. The expansion was principally pushed by nuclear era (+66%) and hydro era (+19%). Renewable era additionally rose however on a a lot smaller scale (+9%). Nuclear provide was considerably larger because of the reincorporation of Atucha II energy plant, which was in upkeep shutdown in the course of the first half of 2023. This energy plant resumed operations in August 2023. Hydro era charge of development was exceptional (specifically in Could: +60% YoY) because of the excellent increment within the circulation rivers: Uruguay (+502%), Limay (+82%) and Collón Curá (+45%).

The upper provide of nuclear and hydro era prompted a decrease thermal dispatch in the course of the quarter (-7% YoY). It must be highlighted that availability remained relative secure for the entire thermal system throughout quarter, though for mixed cycles was larger (93% in 2Q24 vs. 89% in 2Q23) and for steam and gasoline generators decrease (60% in 2Q24 vs. 65% in 2Q23).

Lastly, the decrease thermal dispatch in the course of the 2Q24 triggered a decrease gasoline consumption (-12% YoY in equal million cubic meters). Additionally, though the electrical energy commerce stability resulted in a web import state of affairs, exports have been larger (+1,514%) and imports decrease (-53%) in the course of the 2Q24 vis-à-vis 2Q23, thus decreasing the web import stability.

Vitality Demand per sort
(TWh)

Native power Demand
(TWh)

C. Central Puerto S.A.: Primary working metrics

The desk under units forth key working metrics of the Central Puerto group for 2Q24, in comparison with 1Q24 and 2Q23:

			2Q24				1Q24				2Q23			Δ % 2Q24/2Q23				6M24				6M23				Δ % 6M24/6M23
Vitality Era (GWh)			4,985				5,520				4,762				5	%			10,505				9,884				6	%
Thermal			3,604				4,272				3,874				(7	%)			7,877				7,800				1	%
Hydro			978				807				504				94	%			1,785				1,352				32	%
Wind			354				358				384				(8	%)			712				733				(3	%)
Photo voltaic			48				82				–				N/A				131				–				N/A
Put in capability (MW)			6,703	(1)			7,173				7,113				(6	%)			6,703				7,113				(6	%)
Thermal			4,783				5,253				5,298				(10	%)			4,783				5,298				(10	%)
Hydro			1,441				1,441				1,441				0	%			1,441				1,441				0	%
Wind			374				374				374				0	%			374				374				0	%
Photo voltaic			105				105				–				N/A				105				–				N/A
Thermal availability (1)
Central Puerto CC – world			94	%			90	%			85	%			9	%			84	%			79	%			4	%
Central Puerto CC – standalone			94	%			93	%			96	%			(2	%)			94	%			95	%			(1	%)
Central Puerto generators – world			77	%			68	%			70	%			7	%			86	%			79	%			7	%
Central Puerto generators – standalone			81	%			76	%			76	%			4	%			78	%			62	%			16	%
Steam manufacturing (Ktn)			752				429				560				34	%			1,326				1,089				22	%

Supply: CAMMESA; firm information.

“Central Puerto standalone” figures exclude Central Costanera.

1. On April 26, 2024, the Secretariat of Vitality requested CAMMESA to proceed with the disconnection of steam generators COSTTV04 and COSTTV06 (470 MW in complete) of Central Costanera, following a solicitation initially made by Enel (BIT:), former proprietor of that plant, and adopted up by the Firm. This replace has no influence on revenues: these generators haven’t been working since very long time in the past.

Thermal availability ⁽¹⁾⁽²⁾
(%)
Steam & gasoline generators

Mixed Cycles

1. Availability weighted common by energy capability. Off-time because of scheduled upkeep agreed with CAMMESA is just not thought-about within the ratio.

2. Central Costanera figures doesn’t think about the ability capability values of the steam era models COSTTV04 and COSTTV06.

Throughout 2Q24, Central Puerto’s energy era elevated by 5% to 4,985 GWh, in comparison with 4,762 GWh in 2Q23.

In 2Q24, hydro power era from Piedra del Aguila elevated 94% as in contrast with 2Q23 ranges, reaching 978 GWh from 504 GWh, as a direct results of larger ranges of water obtainable for era, which was a direct consequence of upper river flows (Limay: +82% YoY, Collón Curá: 40% YoY).

With reference to renewables, power era elevated 5% in 2Q24 in comparison with 2Q23, being principally defined by the 48 GWh generated by Guañizuil II A photo voltaic farm, acquired in October 2023. Regarding wind era, it decreased virtually 8%, reaching 354 GWh in the course of the 2Q24 versus 384 GWh throughout the identical interval of 2023. That is primarily because of the storm that hit Bahia Blanca in December 2023, impacting La Castellana II. Era from La Castellana I used to be additionally decrease because of upkeep works carried on blades.

Concerning thermal era, it decreased by 7% in 2Q24 in comparison with 2Q23, principally because of decrease dispatch of some models of Costanera and Puerto websites, which was a consequence of upper hydro and nuclear mixture provide within the system.

Lastly, steam manufacturing elevated 34% throughout 2Q24, defined by a 17% improve in San Lorenzo cogeneration plant and a 72% improve in Lujan de Cuyo facility. The expansion within the later case is principally defined by larger availability of gasoline generators (upkeep program completed by mid-2023, which extremely improved operation efficiency since then) and a better demand from YPF.

D. 2Q24 Evaluation of Consolidated Outcomes

Vital discover: The outcomes offered for the 2Q24 are positively or negatively affected, as acceptable, by a non-cash impact, given by the truth that inflation charges have been larger than foreign money depreciation charges in the course of the quarter. Because the practical foreign money of Central Puerto is the Argentine peso, our Monetary Statements are topic to inflation adjustment, whereas Firm’s figures are transformed into US {dollars} utilizing the top of interval official change charge. Thus, given the numerous disparity between inflation and devaluation for the interval, it’d have an effect on comparability.

Primary monetary magnitudes of constant operations ^{(1) (2) (3)}

1. The FX charge used to transform Argentine Pesos to U.S. {dollars} is the reference change charge reported by the Central Financial institution (Communication “A” 3500) as of 6/30/2023 (AR$256.68 to US$1.00), 3/31/2024 (AR$857.42 to US$1.00) and 6/30/2024 (AR$911.75 to US$1.00), as acceptable.

2. See “Disclaimer-EBITDA & Adjusted EBITDA” on web page 22 for additional data.

3. Central Costanera revenues are usually not affected by COSTTV04 and COSTTV06 disconnection.

Throughout 2Q24, revenues totaled US$168 million growing 15% or US$ 21 million in comparison with US$147 million within the 2Q23.

This was primarily because of a mixture of:

1. A 14% or US$10 million improve in spot/legacy power gross sales which amounted to US$81 million in 2Q24 in comparison with US$71 million within the 2Q23, pushed by a better dispatch of Piedra del Águila hydropower plant, larger availability of thermal models, specifically in Central Costanera, and likewise larger era from Buenos Aires Mixed Cycle.

2. An 8% or US$5 million improve in gross sales underneath contracts, which totaled US$66 million in 2Q24 in comparison with US$61 million in 2Q23, primarily defined by the current acquisition of the photo voltaic farm Guañizuil II A, which contributed with gross sales of US$2 million within the quarter, and better gross sales of cogeneration models (Luján de Cuyo facility). Gross sales of wind farms have been decrease because of decrease wind era from La Castellana II, which was hit by a tornado in December 2023, and La Castellana I, because of upkeep works carried on blades.

3. A 42% or US$ 3 million improve in steam gross sales, pushed by principally larger manufacturing ranges in Luján de Cuyo facility.

4. A 77% or US$2 million improve in forestry.

5. A optimistic non-cash impact on the hole between foreign money devaluation and inflation.

Working price, excluding depreciation and amortization, in 2Q24 amounted to US$53 million, lowering by 18% or US$12 million when in comparison with US$65 million in 2Q23.

Manufacturing prices dropped primarily because of a discount of: (i) compensations to worker; (ii) consumption of supplies and spare elements and (iii) forestry and forest manufacturing providers bills. Then again, manufacturing prices have been negatively impacted by a non-cash impact on the hole between foreign money devaluation and inflation.

SG&A, excluding depreciations and amortizations, in 2Q24 decreased by 9% or US$2 million to US$ 13 million from US$ 15 million in 2Q23

The discount in SG&A in the course of the quarter was principally a results of decrease: (i) charges and compensation for providers and (ii) taxes. In addition to with manufacturing prices, SG&A have been negatively impacted by a non-cash impact on the hole between foreign money devaluation and inflation.

Different working outcomes web (excluding FONI and variation of organic belongings) in 2Q24 have been damaging in US$31 million, diminishing 365% or US$42million in comparison with 2Q23 . That is primarily defined by the influence of Decision 58/24 and decrease (i) curiosity from purchasers and (ii) FX variations. Additionally, there was a damaging non-cash impact on the hole between foreign money devaluation and inflation.

Consequently, Consolidated Adjusted EBITDA ⁽¹⁾ amounted to US$46 million in 2Q24 , in comparison with US$63 million in 2Q23.

Consolidated Web monetary leads to 2Q24 have been damaging in US$21 million in comparison with a lack of US$15 million in 2Q23 , which implies a worsen of US$ 6 million. This was primarily pushed by decrease (i) curiosity earned and (ii) variation within the truthful worth of economic belongings, being all partially offset by decrease international change variations on monetary liabilities and decrease financial institution commissions.

Loss on web financial place in 2Q24 measured in US {dollars} amounted to US$20,371 being 100% decrease than the US$41 million loss in 2Q23, pushed by the considerably decrease inflation charges in the course of the 2Q24 vis-à-vis 2Q23.

Revenue/Loss on affiliate corporations was optimistic in US$7 million in comparison with a US$3 million acquire in 2Q23. Moreover, there was a Achieve on truthful worth valuation of acquisitions of US$ 1 million in the course of the 2Q24 as a consequence of the funding made by our subsidiary Proener in AbraSilver Useful resource Corp in Could 2024.

Earnings tax in 2Q24 was damaging in US$26 million in comparison with, additionally damaging, US$17 million in 2Q23 because of principally a better earnings earlier than tax.

Lastly, Web Earnings in 2Q24 amounted to US$8million, in comparison with US$17 million of 2Q23 .

Adjusted EBITDA Reconciliation ⁽¹⁾

Monetary State of affairs

As of June 30 ^th , 2024, the Firm and its subsidiaries had Money and Money Equivalents of US$5million , and Different Present Monetary Property of US$153 million .

The next chart breaks down the Web Debt place of Central Puerto (on a stand-alone foundation) and its subsidiaries:

Money Flows of 6M24

Web money offered by working actions was US$67 million throughout 6M24 . This money circulation arises primarily from (i) US$87 million of web earnings for the interval earlier than earnings tax; (ii) US$19 million in assortment of curiosity from purchasers; being all partially offset by; (iii) changes to reconcile revenue for the interval earlier than earnings tax with web money flows of US$22 million (iv) US$6 million in damaging working capital variations (account payables, account receivables, stock and different non-financial belongings and liabilities) and (v) earnings tax and different taxes funds of US$11 million.

Web money utilized by investing actions was US$13 million throughout 6M24 . This quantity is especially defined by US$45 million in investments in property, plant, gear and stock, being partially offset by US$24 million generated by the sale of economic belongings, web.

Web money utilized by financing actions was US$66 million within the 6M24 . That is principally the results of (i) US$87 million in long-term debt amortizations; (ii) US$24 million in curiosity and different financing prices associated to long-term debt, and (iii) US$12 million in dividends paid, being all partially offset by US$55 million in financing obtained within the interval and (iv) US$1.2 million in overdrafts in checking accounts.

The next desk exhibits the corporate’s principal maturity profile as of June 30, 2024, expressed in tens of millions of {dollars}:

Debt Maturity schedule ⁽¹⁾⁽²⁾
(US$ mm.)

1. As of June thirtieth, 2024.

2. Considers solely principal maturities. Doesn’t contemplating accrued curiosity.

E. Tables

a. Consolidated Assertion of Earnings

The FX charge used to transform Argentine Pesos to U.S. {dollars} is the reference change charge reported by the Central Financial institution (Communication “A” 3500) as of 6/30/2023 (AR$256.68 to US$1.00), 3/31/2023 (AR$208.99 to US$1.00), 6/30/2024 (AR$911.75 to US$1.00) or 3/31/2024 (AR$857.42 to US$1.00), as acceptable.

b. Consolidated Assertion of Monetary Place

The FX charge used to transform Argentine Pesos to U.S. {dollars} is the reference change charge reported by the Central Financial institution (Communication “A” 3500) as of 12/31/2023 (AR$808.48 to US$1.00), 9/30/2023 (AR$350 to US$1.00), 6/30/2023 (AR$256.68 to US$1.00), 3/31/2023 (AR$208.99 to US$1.00), 6/30/2024 (AR$911.75 to US$1.00) or 3/31/2024 (AR$857.42 to US$1.00), as acceptable.

c. Consolidated Assertion of Money Circulate

The FX charge used to transform Argentine Pesos to U.S. {dollars} is the reference change charge reported by the Central Financial institution (Communication “A” 3500) as of 6/30/2023 (AR$256.68 to US$1.00), 3/31/2023 (AR$208.99 to US$1.00), 6/30/2024 (AR$911.75 to US$1.00) or 3/31/2024 (AR$857.42 to US$1.00), as acceptable.

F. Details about the Convention Name

There will probably be a convention name to debate Central Puerto’s 2Q 2024 outcomes on August 12, 2024, at 09:00 AM Jap Time .

The convention will probably be hosted by Mr. Fernando Bonnet, Chief Govt Officer, Enrique Terraneo, Chief Monetary Officer and Alejandro Diaz Lopez member of the Investor Relations staff.

To entry the convention name, please dial:

Toll Free: +1 888-506-0062
Worldwide: + 1 973-528-0011
Participant Entry Code: 199067
Webcast URL : https://www.webcaster4.com/Webcast/Web page/2629/50952

The Firm can even host a stay audio webcast of the convention name on the Investor Relations part of the Firm’s web site at www.centralpuerto.com . Please permit additional time previous to the decision to go to the web site and obtain any streaming media software program that is likely to be required to take heed to the webcast. The decision will probably be obtainable for replay on the Firm’s web site underneath the Investor Relations part.

Chances are you’ll discover extra data on the Firm at:

Glossary

On this launch, besides the place in any other case indicated or the place the context in any other case requires:

• “BCRA” refers to Banco Central de la República Argentina , Argentina’s Central Financial institution,

• “CAMMESA” refers to Compañía Administradora del Mercado Mayorista Eléctrico Sociedad Anónima ;

• “COD” refers to Industrial Operation Date, the day during which a era unit is allowed by CAMMESA (in Spanish, “Habilitación Comercial”) to promote electrical power by way of the grid underneath the relevant industrial circumstances;

• “Ecogas” refers collectively to Distribuidora de Gasoline Cuyana (“DGCU”), Distribuidora de Gasoline del Centro (“DGCE”), and their controlling firm Inversora de Gasoline del Centro (“IGCE”) ;

• “Energía Base” (legacy power) refers back to the regulatory framework established underneath Decision SE No. 95/13, as amended, at present regulated by Decision SE No. 9/24;

• “FONINVEMEM” or “FONI”, refers back to the Fondo para Inversiones Necesarias que Permitan Incrementar la Oferta de Energía Eléctrica en el Mercado Eléctrico Mayorista (the Fund for Investments Required to Enhance the Electrical Energy Provide) and Comparable Packages, together with Central Vuelta de Obligado (CVO) Settlement;

• “p.p.”, refers to share factors;

• “PPA” refers to energy buy agreements.

Disclaimer

Rounding quantities and percentages : Sure quantities and percentages included on this launch have been rounded for ease of presentation. Share figures included on this launch haven’t in all circumstances been calculated on the idea of such rounded figures, however on the idea of such quantities previous to rounding. Because of this, sure share quantities on this launch might differ from these obtained by performing the identical calculations utilizing the figures within the monetary statements. As well as, sure different quantities that seem on this launch might not sum because of rounding.

This launch incorporates sure metrics, together with data per share, working data, and others, which shouldn’t have standardized meanings or normal strategies of calculation and subsequently such measures will not be similar to comparable measures utilized by different corporations. Such metrics have been included herein to supply readers with extra measures to judge the Firm’s efficiency; nevertheless, such measures are usually not dependable indicators of the long run efficiency of the Firm and future efficiency might not evaluate to the efficiency in earlier durations.

OTHER INFORMATION

Central Puerto routinely posts vital data for buyers within the Investor Relations assist part on its web site, www.centralpuerto.com . Once in a while, Central Puerto might use its web site as a channel of distribution of fabric Firm data. Accordingly, buyers ought to monitor Central Puerto’s Investor Relations web site, along with following the Firm’s press releases, SEC filings, public convention calls and webcasts. The knowledge contained on, or that could be accessed by way of, the Firm’s web site is just not integrated by reference into, and isn’t part of, this launch.

CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION

This launch incorporates sure forward-looking data and forward-looking statements as outlined in relevant securities legal guidelines (collectively referred to on this Earnings Launch as “forward-looking statements”) that represent forward-looking statements. All statements apart from statements of historic reality are forward-looking statements. The phrases ˜˜anticipate”, ˜˜consider”, ˜˜may”, ˜˜count on”, ˜˜ought to”, ˜˜plan”, ˜˜intend”, ˜˜will”, ˜˜estimate” and ˜˜potential”, and comparable expressions, as they relate to the Firm, are supposed to establish forward-looking statements.

Statements relating to potential or assumed future outcomes of operations, enterprise methods, financing plans, aggressive place, trade setting, potential development alternatives, the results of future regulation and the results of competitors, anticipated energy era and capital expenditures plan, are examples of forward-looking statements. Ahead-looking statements are essentially primarily based upon plenty of components and assumptions that, whereas thought-about cheap by administration, are inherently topic to vital enterprise, financial and aggressive uncertainties, and contingencies, which can trigger the precise outcomes, efficiency, or achievements of the Firm to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements.

The Firm assumes no obligation to replace forward-looking statements besides as required underneath securities legal guidelines. Additional data regarding dangers and uncertainties related to these forward-looking statements and the Firm’s enterprise will be discovered within the Firm’s public disclosures filed on EDGAR ( www.sec.gov ).

EBITDA & ADJUSTED EBITDA

On this launch, EBITDA , a non-IFRS monetary measure, is outlined as web earnings for the interval, plus finance bills, minus finance earnings, minus share of the revenue (loss) of associates, plus (minus) losses (good points) on web financial place, plus earnings tax expense, plus depreciation and amortization, minus web outcomes of discontinued operations.

Adjusted EBITDA refers to EBITDA excluding impairment on property, plant & gear, international change distinction and pursuits associated to FONI commerce receivables and variations in truthful worth of organic asset.

Adjusted EBITDA is believed to supply helpful supplemental data to buyers in regards to the Firm and its outcomes. Adjusted EBITDA is among the many measures utilized by the Firm’s administration staff to judge the monetary and working efficiency and make day-to-day monetary and working selections. As well as, Adjusted EBITDA is ceaselessly utilized by securities analysts, buyers, and different events to judge corporations within the trade. Adjusted EBITDA is believed to be useful to buyers as a result of it gives extra details about developments within the core working efficiency previous to contemplating the influence of capital construction, depreciation, amortization, and taxation on the outcomes.

Adjusted EBITDA shouldn’t be thought-about in isolation or as an alternative choice to different measures of economic efficiency reported in accordance with IFRS. Adjusted EBITDA has limitations as an analytical software, together with:

• Adjusted EBITDA doesn’t mirror adjustments in, together with money necessities for, working capital wants or contractual commitments;

• Adjusted EBITDA doesn’t mirror the finance bills, or the money necessities to service curiosity or principal funds on indebtedness, or curiosity earnings or different finance earnings;

• Adjusted EBITDA doesn’t mirror earnings tax expense or the money necessities to pay earnings taxes;

• though depreciation and amortization are non-cash prices, the belongings being depreciated or amortized usually will should be changed sooner or later, and Adjusted EBITDA doesn’t mirror any money necessities for these replacements;

• though share of the revenue of associates is a non-cash cost, Adjusted EBITDA doesn’t think about the potential assortment of dividends; and

• different corporations might calculate Adjusted EBITDA in another way, limiting its usefulness as a comparative measure.

The Firm compensates for the inherent limitations related to utilizing Adjusted EBITDA by way of disclosure of those limitations, presentation of the Firm’s consolidated monetary statements in accordance with IFRS and reconciliation of Adjusted EBITDA to probably the most instantly comparable IFRS measure, web earnings. For a reconciliation of the web earnings to Adjusted EBITDA, see the tables included on this launch.

All the data offered should be thought-about as consolidated except in any other case specified.

Contact data:

Chief Monetary Officer
Enrique Terraneo

Tel: (+54 11) 4317 5000
Electronic mail: inversores@centralpuerto.com
Investor Relations Web site:

https://www.centralpuerto.com/en/buyers/

⁽¹⁾ See “Disclaimer-EBITDA & Adjusted EBITDA” on web page 22 for additional data.

SOURCE: Central Puerto S.A.

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