Capacity and Generation - The Puerto complex has a current installed capacity of 1,747 MW, including steam turbines and a Combined Cycle plant[4]. - The Group operates thermal generation plants with installed capacities of 865 MW, 873 MW, and 816 MW through equity investees and subsidiaries[5]. - The Costanera thermal station has an installed power capacity of 1,131 MW and two combined cycle plants with an installed power capacity of 1,128 MW[6]. - The "Parque Solar San Carlos" solar power station project, with a capacity of 10 MW, was awarded in 2022 and will be built in Salta province[24]. Energy Pricing and Remuneration - The price for energy generated from non-conventional energy sources is fixed at 28 USD/MWh[42]. - The DIGO price for energy capacity is set at 7,000 USD/MW-month during peak demand months and 5,500 USD/MW-month during the remaining months[43]. - The new remuneration component for energy generated during the first 50 hours of maximum thermal requirement (MTR) was introduced, with different prices based on the season and energy delivered[44]. - A 20% retroactive increase in power and energy remuneration values was ordered as of September 1, 2022, followed by increases of 10% on December 1, 2022, 25% on February 1, 2023, and 28% on August 1, 2023[47]. - A 23% increase in remuneration for power and energy for generation not committed under contracts was established as of September 1, 2023[77]. - A significant 74% increase in power and energy remuneration values for generation not committed under contracts was established as of February 1, 2024[78]. - Resolution No. 869/2023 established a 28% increase in remuneration for power and energy from November 1, 2023[102]. Financial Performance and Reporting - The financial statements for December 31, 2023, were restated to reflect changes in the general purchasing power of the Argentine peso, in accordance with IAS 29[85]. - The Group's consolidated financial statements are presented in Argentine pesos, rounded to the nearest thousand (ARS 000)[104]. - The most relevant revenue source for the Group is the commercialization of energy produced in the spot market, with CAMMESA as its main customer[145]. - Revenues from energy, power, and steam sales are calculated based on prices established in contracts or prevailing market prices, including unbilled amounts at the reporting period's end[146]. - The Group recognizes sales revenue based on the effective power of its machines and the energy supplied, with billing done monthly by CAMMESA[125]. Taxation and Legal Matters - The statutory tax rate for the Group for the fiscal year 2023 is detailed in Note 22[148]. - The Company collected an income tax refund of 67,612 (historical values) plus interest on March 21, 2024, related to the fiscal period 2010[155]. - As of December 31, 2023, the asset for income tax credits amounts to 156,882, down from 750,327 in 2022[187]. - The Company filed a recovery action for income tax for the fiscal year 2015, amounting to 129,231 (historical values) unduly paid[185]. - The recovery action for income tax for the fiscal year 2016 is for 189,376 (historical values) unduly paid[186]. - The Group applies significant judgment in identifying uncertainties on income tax treatment, particularly regarding inflation adjustments[154]. - The Company has ongoing legal actions regarding income tax recoveries for multiple fiscal years, including 2009, 2011, and 2012[182]. Asset Management and Impairment - The depreciation of property, plant, and equipment is calculated on a straight-line basis over their estimated useful lives, with specific rates for different asset types[193]. - The Group assesses for impairment of property, plant, and equipment and intangible assets at each reporting period-end, estimating the asset's recoverable amount if indications of impairment exist[198]. - The recoverable amount is determined as the higher of fair value less costs to sell and value-in-use, calculated for individual assets or cash-generating units (CGUs) as applicable[198]. - Fair value less costs to sell is determined using recent market transactions or appropriate valuation models, verified by valuation multiples and other fair value indicators[199]. - Impairment calculations are based on detailed budgets and forecasts prepared separately for each CGU to which individual assets are allocated[200].

Central Puerto S.A. (NYSE:CEPU) Q1 2024 Earnings Conference Call May 13, 2024 11:00 AM ET Company Participants Alejandro Díaz López - Corporate Finance & Investor Relations Coordinator Fernando Bonnet - Chief Executive Officer Enrique Terraneo - Chief Financial Officer Conference Call Participants Martin Arancet - Balanz Capital Operator Good morning, ladies and gentlemen, and welcome to Central Puerto's First Quarter 2024 Earnings Webcast. All participants will be in a listen-only mode. [Operator Instructi ...

Table of Contents La Plata Plant Sale See "Item 4. Information on the Company—Recent Developments—Acquisition of Participation Interests in Enel Generación Costanera S.A". Acquisition of Empresas Verdes Argentina S.A., Las Misiones S.A. and Estancia Celina S.A See "Item 4. Information on the Company—Recent Developments—Acquisition of Empresas Verdes Argentina S.A., Las Misiones S.A. and Estancia La Celina S.A.". Acquisition of Cordillera Solar VIII S.A. and Scatec Equinor Solutions Argentina S.A. (currently ...

Central Puerto S.A. (NYSE:CEPU) Q4 2023 Earnings Conference Call March 11, 2024 11:00 AM ET Company Participants Pablo Calderone - Corporate Finance and Investor Relations Manager Fernando Bonnet - Chief Executive Officer Conference Call Participants Martin Arancet - Balanz Capital Operator Good morning, ladies and gentlemen, and welcome to Central Puerto's Fourth Quarter 2023 Earnings Webcast. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are unde ...

Company Participants Fernando Bonnet - Chief Executive Officer Rodrigo Nistor - Latin Securities Good morning, ladies and gentlemen. Welcome to Central Puerto's Third Quarter 2023 Earnings Webcast. All participants will be in a listen-only mode. [Operator Instructions] After todayÂ's presentation there will be an opportunity to ask questions. Please note, this event is being recorded. If you do not have a copy of the press release, please refer to the Investor Relations support section on the company's corp ...

Company Participants MartÃn Arancet – Balanz Capital On the call today from Central Puerto is Fernando Bonnet, Chief Executive Officer; Enrique Terraneo, Chief Financial Officer; and Pablo Calderone, Corporate Finance and Investor Relations Manager. Thus, on a consolidated basis, the adjusted EBITDA of the quarter recorded the contraction of 34% compared to the Ps. 25.8 billion in the second quarter of 2022 as explained before. When analyzing the adjusted EBITDA excluding acquisitions, we can observe that t ...

Fernando Bonnet My last question then is about the new resolution 59. I was wondering what power plants did you add to that? And how much additional EBITDA do you expect from this resolution? Operator Central Puerto S.A. (NYSE:CEPU) Q1 2023 Earnings Conference Call May 15, 2023 11:00 AM ET Federico Bozhori - Financial Controller Conference Call Participants Operator Before we proceed, please be aware that all financial figures were prepared in accordance with IFRS and are stated in Argentinian pesos, unless ...

Title of each class Name of each exchange on which registered American Depositary Shares, each representing 10 common shares of Central Puerto S.A.* New York Stock Exchange* None Indicate the number of outstanding shares of each of the issuer's classes of capital or common stock as of the close of the period covered by the annual report. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect ...

Financial Data and Key Metrics Changes - In Q4 2022, revenues decreased to PEs 21.4 billion, a 22% decline from PEs 27.4 billion in Q4 2021, primarily due to a 48% decrease in sales under contracts [24][49] - Adjusted EBITDA for Q4 2022 was PEs 6.9 billion, a 61% decrease from PEs 17.7 billion in Q4 2021, driven by lower revenues and increased administrative expenses [46][47] - Consolidated net income for 2022 was PEs 19.1 billion, compared to a net loss of PEs 1.3 billion in 2021, mainly due to fair value gains on forestry acquisitions [61] Business Line Data and Key Metrics Changes - Energy generation in Q4 2022 was 35,084 gigawatt-hours, a 1% decrease from 35,534 gigawatt-hours in Q4 2021, with a 10% decrease in thermal generation and an 83% decrease in nuclear generation [11][21] - In 2022, energy generation increased 21% to 17,484 gigawatt-hours, attributed to a 23% increase in thermal generation and a 28% increase in hydro generation [23] - Steam production increased 62% in 2022, totaling 1.96 billion tons, compared to 1.21 billion tons in 2021 [4] Market Data and Key Metrics Changes - Installed capacity in the system reached 42,927 megawatts in Q4 2022, a slight decrease of 0.1% from 42,988 megawatts in Q4 2021 [20] - Energy demand increased 3% to 34,564 gigawatt-hours in Q4 2022, with residential demand growing by 4% [42] Company Strategy and Development Direction - The company is focusing on new opportunities in the energy sector and has made significant acquisitions in the forestry sector, positioning itself as a market leader [19][39] - The acquisition of Enel Generacion Costanera for $48 million is expected to reinforce growth and operational synergies [19] Management Comments on Operating Environment and Future Outlook - Management highlighted the impact of new regulations on pricing and expected EBITDA, estimating an impact of $10 million to $15 million for combined cycles [53][65] - The company anticipates recovering the revenue loss from the ending of the Brigadier Lopez TG PPA contract with a new contract expected to be finalized by Q1 2025 [45] Other Important Information - The Secretariat of Energy issued Resolution 826, which includes tariff increases for capacity power energy and energy generation, expected to positively impact revenues [17] - The company distributed dividends of PEs 2.88 per share following the ordinary general assembly on December 23, 2022 [18] Q&A Session Summary Question: What is the expected average EBITDA for the new forestry business? - Management indicated that the expected EBITDA could be affected by FX fluctuations, estimating between $10 million and $15 million for combined cycles [53][65] Question: Will the company sell wood on the spot or through contracts? - The company confirmed that it engages in both selling wood on the spot and through contracts, primarily focusing on spot sales [66] Question: What is the status of the 10 megawatt solar park construction? - Management stated that while they have land for expansion, current transmission line constraints limit immediate growth beyond 5 megawatts [57] Question: What is the updated CapEx for the Brigadier López project? - Management mentioned that a clear view of CapEx would be available in 2 to 3 months, with expectations not exceeding $140 million [69] Question: Are there any remaining payments for the forestry acquisition? - Management confirmed that the full payment for the forestry acquisition has been made, with no further payments expected in 2023 [72]