Central Puerto(US:CEPU)2022-05-12 16:00Installed Capacity and Energy Generation - Installed capacity reached 42,871 MW in 1Q2022, a 1.4% increase from 42,286 MW in 1Q2021, with renewable capacity rising 14.3% to 5,008 MW[16] - Energy generation increased by 1% to 35,719 GWh in 1Q2022, driven by a 2% rise in thermal generation and a 37% increase in nuclear generation, while hydro generation decreased by 26%[19] - Renewable energy's share of installed capacity reached 14% in 1Q2022, up 3 percentage points from 1Q2021[23] - The installed capacity from thermal sources decreased by 0.2% from 25,315 MW in 1Q2021 to 25,274 MW in 1Q2022[16] - The availability of thermal generation decreased to 84% in 1Q2022, down 5 percentage points from the previous year[27] - Machine availability for thermal units was 84% in 1Q2022, compared to 89% in the same period of 2021, with the market average at 76%[32] Energy Demand - Energy demand rose 4% to 34,520 GWh in 1Q2022, with residential demand increasing by 5% and commercial demand by 7%[25] - The increase in energy demand is attributed to the recovery of economic activity and lower COVID-19 restrictions compared to the previous year[25] Financial Performance - Revenues increased to Ps. 17.2 billion in 1Q2022, an 8.8% increase from Ps. 15.8 billion in 1Q2021, driven by a 7% increase in sales under contracts and an 8% increase in Energía Base Sales[39] - Adjusted EBITDA was Ps. 15.7 billion in 1Q2022, a 5% increase from Ps. 15.0 billion in 1Q2021, despite a 38% decrease in foreign exchange difference on operating assets[42] - Consolidated net income for 1Q2022 was Ps. 4.8 billion, a 382% increase compared to Ps. 1 billion in 1Q2021, positively impacted by higher financial income and lower financial expenses[44] - Operating income before other operating results was Ps. 8.6 billion, a 32% increase from Ps. 6.5 billion in 1Q2021, due to a 9% increase in revenues and a 6% decrease in costs of sales[41] Cash Flow and Financial Position - Cash and cash equivalents as of March 31, 2022, were Ps. 0.3 billion, with other current financial assets totaling Ps. 25.9 billion[48] - Financial debt stood at Ps. 15.8 billion as of March 31, 2022, with a consolidated net debt position of Ps. 17.4 billion[49] - Net cash provided by operating activities was Ps. 8.15 billion during 3M2022, driven by a gross profit of Ps. 6.6 billion[54] - Net cash used in investing activities amounted to Ps. 6.0 billion, primarily for the acquisition of other financial assets totaling Ps. 5.8 billion[55] - Total assets as of March 31, 2022, were Ps. 230.75 billion, a decrease from Ps. 233.25 billion as of December 31, 2021[60] - Total equity increased to Ps. 151.96 billion from Ps. 147.17 billion year-over-year[62] - Cash and cash equivalents at the end of the period were Ps. 315 million, down from Ps. 327 million at the beginning[52] Expenses and Inflation - The company experienced a 24% inflation rate in 1Q2022, compared to 12.95% in 1Q2021, impacting financial performance[38] - Administrative and selling expenses decreased to Ps. 0.99 billion from Ps. 1.23 billion year-over-year[58] - Financial expenses decreased significantly to Ps. 4.71 billion from Ps. 10.88 billion in the previous year[58] Other Financial Metrics - The share of profit of associates was a loss of Ps. 0.19 billion in 1Q2022, an improvement from a loss of Ps. 0.41 billion in 1Q2021[47] - The company reported a loss on net monetary position of Ps. 3.15 billion, compared to a gain of Ps. 0.28 billion in the previous year[58] - Earnings per share for 3M2022 were Ps. 3.18, compared to Ps. 0.65 in 3M2021[59] - The company reported a foreign exchange difference for trade receivables of $(2,761,549), compared to $(4,439,146) in the previous period[1] - The loss on net monetary position was $1,947,296, a significant improvement from a loss of $(7,795,569) in the prior period[1] Future Plans - The company plans to discuss its first quarter 2022 results in a conference call scheduled for May 13, 2022[2]