Atlantica Sustainable Infrastructure (AY) Investor presntation - Slideshow

Company Overview - Atlantica operates in high-demand sectors, with 2,121 MW of renewable generation (~73% solar)[8] - The company focuses on North America & Europe and certain markets in South America[8] - Atlantica has 100% contracted or regulated assets, providing stable revenue[8, 11] - Over 90% of CAFD is in USD or hedged, minimizing currency risk[8, 10] Financial Performance and Strategy - Atlantica reported a 6.2% CAFD growth in the first 9 months of 2022[42] - The company maintains a conservative corporate leverage, with net corporate debt representing ~18% of net consolidated debt[16] - Over 94% of interest rates are fixed or hedged, mitigating interest rate risk[18] - The company has strong corporate liquidity, with $546 million as of September 30, 2022[20] - Atlantica is committed to ESG priorities, with 88% Adjusted EBITDA from low-carbon footprint assets[24] Growth and Investments - The company announced ~$150 million in new investments in November 2022, including storage and solar PV projects[29] - Atlantica is developing a 100 MWh battery storage system at its Coso geothermal plant, expected COD in 2024[31] - The company acquired a 73 MW operating PV plant in Chile and intends to add 100 MWh of batteries in 2023[29] Risk Mitigation - The company hedges its net euro exposure through currency options, with 100% coverage for the next 12 months and 75% for the following 12 months[18, 38] - A 100bp increase in reference interest rates would have an impact on CAFD of ~1.5%[38]