Central Puerto FY 2024 & 4Q24 Earnings Release

Group A: Company Overview and Financial Results - Central Puerto S.A. reported its consolidated financial results for FY 2024 and 4Q24, ending December 31, 2024 [1] - The company experienced a significant increase in revenues, totaling US$168 million in 4Q24, a 71% increase compared to US$98 million in 4Q23 [48] - Operating income for 4Q24 was a loss of US$38 million, down from a profit of US$202 million in 4Q23, indicating a 119% decline [47] - Adjusted EBITDA for 4Q24 was US$65 million, a 44% increase from US$45 million in 4Q23 [57] Group B: Energy Market Overview - As of December 31, 2024, Argentina's installed power generation capacity was 43,350 MW, a 1% decrease from 43,773 MW in 2023 [29] - Energy demand in 4Q24 was 33,250 GWh, slightly down from 33,258 GWh in 4Q23, with residential consumption decreasing by 1% [30] - The energy generation mix showed a 24% increase in thermal generation, while nuclear and hydro generation decreased by 48% and 30%, respectively [32] Group C: Regulatory Updates - The Secretariat of Energy issued several resolutions in 2024, including a 2.7% increase in remuneration values effective October 1, 2024, and a 6% increase effective November 1, 2024 [5][9] - A contingency plan for the electricity sector was established to ensure power availability during critical months from December 2024 to March 2026 [6] Group D: Strategic Initiatives and Projects - Central Puerto signed an agreement with the International Finance Corporation to finance feasibility studies for a power transmission line to supply energy to mining companies in northwestern Argentina [19] - The company acquired a 27.5% stake in 3C Lithium Pte. Ltd., which is developing the Tres Cruces lithium project [21] - Central Puerto increased its equity participation in AbraSilver Resource Corp to 9.9% to support the Diablillos silver-gold project [23] Group E: Financial Position and Cash Flow - As of December 31, 2024, Central Puerto had cash and cash equivalents of US$4 million and total debt of US$369 million [63] - The net cash flows provided by operating activities for the year were US$250 million, primarily driven by net income before tax [64]