Central Puerto 2Q24 Earnings Release
Central Puerto 2Q24 Earnings Release
BUENOS AIRES, ARGENTINA / ACCESSWIRE / August 9, 2024 / Central Puerto S.A ("Central Puerto" or the "Company") (NYSE:CEPU), the largest private sector power generation companies in Argentina, reports its consolidated financial results for the Second Quarter 2024 ("2Q24"), ended on June 30 th , 2024.
阿根廷布宜諾斯艾利斯/ACCESSWIRE/2024年8月9日/中央供電股份有限公司("中央供電"或"公司")(紐約證券交易所:CEPU)是阿根廷最大的私營電力發電公司之一。報告其2024年第二季度(「2Q24」)截至2024年6月30日的合併財務業績。
A conference call to discuss the 2Q24 results will be held on August 12 th , 2024, at 09 AM Eastern Time (see details below). All information provided is presented on a consolidated basis, unless otherwise stated.
將於2024年8月12日美國東部時間9 AM(詳見下文)舉行電話會議,討論2Q24的業績。除非另有說明,所有提供的信息都是以合併形式展示的。
Financial statements as of June 30 th , 2024, include the effects of the inflation adjustment, applying IAS 29. Accordingly, the financial statements have been stated in terms of the measuring unit current at the end of the reporting period, including the corresponding financial figures for previous periods reported for comparative purposes. Growth comparisons refer to the same periods of the previous year, measured in the current unit at the end of the period, unless otherwise stated. Consequently, the information included in the Financial Statements for the period ended on June 30 th , 2024, is not comparable to the Financial Statements previously published by the company. However, we presented some figures converted from Argentine Pesos to U.S. dollars for comparison purposes only. The exchange rate used to convert Argentine Pesos to U.S. dollars was the reference exchange rate (Communication "A" 3500) reported by the Central Bank for U.S. dollars for the end of each period. The information presented in U.S. dollars is for the convenience of the reader only and may defer if such conversion for each period is performed at the exchange rate applicable at the end of the latest period. You should not consider these translations to be representations that the Argentine Peso amounts actually represent these U.S. dollars amounts or could be converted into U.S. dollars at the rate indicated.
2024年6月30日的財務報表已包括通貨膨脹調整的影響,適用於國際會計準則第29號,因此財務報表以報告期末的計量單位表示,包括用於比較目的的往期相應財務數據。除非另有說明,增長數據是指以當前單位計量的相同比較期間(去年同期),因此,2024年6月30日結束的財務報表中包含的信息與公司之前公佈的財務報表不可比較。然而,我們僅提供了一些從阿根廷披索轉換爲美元的數字,僅用於比較。用於將阿根廷披索轉換爲美元的匯率是中央銀行每個期間末報告的參考匯率(《A》 3500號通訊)。美元表示僅爲讀者方便,如果每個期間的轉換是以最近期間的適用匯率執行的,則可能會有所偏差。您不應將這些翻譯視爲阿根廷披索金額實際上表示這些美元金額或可能按所示匯率轉換爲美元的表述。
Definitions and terms used herein are provided in the Glossary at the end of this document. This release does not contain all the Company's financial information. As a result, investors should read this release in conjunction with Central Puerto's consolidated financial statements as of and for the period ended on June 30 th , 2024, and the notes thereto, which will be available on the Company's website.
此處使用的定義和術語在本文檔術語表中提供。本發佈不包括公司的所有財務信息。因此,投資者應與中央供電截至2024年6月30日的合併財務報表及其附註一起閱讀本發佈的文件。
A. Regulatory Updates and Relevant Facts
A. 法規更新和相關事實
Acquisition of interest in AbraSilver
收購AbraSilver的利益
On April 22, 2024 , our subsidiary Proener entered into a common shares subscription agreement with AbraSilver Resource Corp. (a Canadian company listed in the Canadian stock market) ("AbraSilver"), granting Proener a 4% interest in the share capital of AbraSilver, which is the owner of the silver-gold project Diablillos, located in the northeastern of Argentina. In turn, and in conjunction with Central Puerto, Kinross Gold Corporation, a major Canadian mining company, (NYSE: KGC, TSX: K) also acquired a 4% interest on similar terms.
2024年4月22日,我們的子公司Proener與加拿大股票市場上市的加拿大公司AbraSilver Resource Corp.簽署了普通股認購協議("AbraSilver"),授予Proener AbraSilver股本的4%。AbraSilver是位於阿根廷東北部的Diablillos銀金項目的所有者。反過來,與中央發電聯合,一家主要的加拿大礦業公司金羅斯黃金公司(NYSE: KGC,TSX: K)以類似的條件收購了4%的利益。
Resolution SE N°78/2024 - status on Piedra del Águila concession
冠以翅膀石德舔私有權修改狀態決議SE N°78/2024
On May 17, 2024 , the Secretariat of Energy by means of this resolution extended the transition period up to December 28, 2024, as it is allowed in the concession contract.
2024年5月17日,能源部通過該決議將過渡期延長至2024年12月28日,這在特許經營協議中是允許的。
Status on CAMMESA's delayed payments
CAMMESA拖延付款狀態
On May 23 rd , 2024 , Central Puerto accepted the terms stated by Resolution SE No. 58/2024 , issued on May 6 th , 2024 , regarding the trade receivables accrued on Dec-23, Jan-24 and Feb-24. As a result, trade receivables were paid as follows:
2024年5月23日,中央發電根據SE No. 58/2024 發佈的決議接受了有關於2023年12月、2024年1月和2024年2月計提的交易應收款項的條款。結果,交易應收賬款已按以下方式支付:
Trade receivables accrued on December 2023 and January 2024 were paid with Argentine Republic USD bond at face value (the AE38).
Trade receivables accrued on February 2024 were paid with funds available in CAMMESA's bank accounts and transfers made by the National Government to the Stabilization Fund.
2023年12月和2024年1月計提的交易應收款項以阿根廷共和國美元債券面值(即AE38)支付。
2024年2月計提的交易應收款項已用CAMMESA的銀行帳戶資金和國家政府向穩定基金轉移資金支付。
This resolution carried out a consolidated loss of approximately ARS 20,459 million (approximately USD 22.5 MM), given that the bonds received have market value lower than their face value. However, it should be noted that this resolution did not affect the ordinary course of business of the Company, its payment capacity nor its available financing options.
該決議造成了約2045900萬阿根廷披索(約合2250萬美元)的綜合虧損,因爲收到的債券市值低於面值。但應注意的是,該決議不會影響公司的業務常態、支付能力或可用的融資選擇。
Resolution SE N°99/2024
決議SE N°99/2024
On June 14 th , 2024 , the Secretariat of Energy updated remuneration prices for energy and power of generation units not committed in a PPA (spot market). Remuneration values increased by 25% since June 1 st , 2024.
2024年6月14日,能源部更新了未承諾的發電單元的電能和電力報酬價格。自2024年6月1日以來,報酬價值上漲了25%。
Resolution SE N°151/2024
決議SE N°151/2024
On July 8 th , 2024 , the Secretariat of Energy cancelled the so called Terconf, a thermal generation tender aiming to increase the thermal power supply and its reliability. Central Puerto had been awarded with 516 MW allocated in Central Costanera.
2024年7月8日,能源部取消了所謂的Terconf,這是一個熱電發電招標,旨在增加熱電供應和其可靠性。中央發電已被授予在中央Costanera分配的516 MW。
Resolution SE N°193/2024
決議SE N°193/2024
On August 1 st , 2024 , the Secretariat of Energy updated remuneration prices for energy and power of generation units not committed in a PPA (spot market). Remuneration values increased by 3% since August 1 st , 2024.
2024年8月1日,能源部更新了未承諾的發電單元的電能和電力報酬價格。自2024年8月1日以來,報酬價值上漲了3%。
Investment projects currently in execution
正在執行的投資項目
San Carlos Project:
Construction agreements with Shanghai Electric Power Construction Company Ltd. were signed on March 27, 2024 and works began on July 31, 2024. The construction is set to finish in April 2025. As of today, all permits are in place, local vendors have already initiated their purchasing process and the site is being prepared for construction and assembly. Equipment is being delivered to Argentina.Brigadier Lopez Combined Cycle:
By means of this project, Central Puerto is going to convert an open cycle thermal power plant with a gas turbine into a combined cycle thermal power plant, with the addition of a steam turbine. The EPC supplier, SACDE, received the Notice-To-Proceed on February 26 th , 2024, and the COD is scheduled for October 2025. As of today, works on the site have already started, with the assembly of pipes and wires, communication systems and water intake systems. The other supplier for this project is Siemens.
Both projects are on schedule and on budget .
San Carlos工程:
於2024年3月27日與上海電力施工有限公司簽訂了施工協議,並於2024年7月31日開始工程。施工預計將於2025年4月完成。目前,所有許可證均已獲得,當地供應商已經開始採購,現場正準備施工和組裝。設備正在運輸至阿根廷。Brigadier Lopez複合循環發電站:
中央普渡公司將把一座燃氣輪機發電廠轉變爲複合循環發電廠,增加蒸汽輪機。EPC供應商SACDE於2024年2月26日收到了開工通知,並計劃於2025年10月完成COD。目前,現場工作已經開始,包括管道和電線的組裝、通信系統和水引入系統。這個項目的另一供應商是西門子。
這兩個項目按計劃和預算進行。
B. Argentine Market Overview
b. 阿根廷市場概況
The table below sets forth key Argentine energy market data for 2Q24 compared to 1Q24 and 2Q23.
下表列出了2024年第二季度與2023年第二季度以及第一季度的關鍵阿根廷能源市場數據。
2Q24 |
1Q24 |
2Q23 |
Δ % 2Q24/2Q23 |
6M24 |
6M23 |
Δ % 6M24/6M23 |
||||||||||||||||||||||
Installed capacity (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% | |||||||||||||||||||||
Installed capacity (%) |
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. |
|||||||||||||||||||||
Energy Generation (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% | |||||||||||||||||||||
Energy Generation (%) |
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. |
|||||||||||||||||||||
Energy 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% | |||||||||||||||||||||
Commercial |
9,022 |
10,423 |
9,239 |
(2%) | 19,444 |
19,893 |
(2%) | |||||||||||||||||||||
Major Demand (Industrial/Commercial) |
8,784 |
9,141 |
9,215 |
(5%) | 17,926 |
18,628 |
(4%) | |||||||||||||||||||||
Energy Demand (%) |
100% | 100% | 100% | N/A |
100% | 100% | N/A |
|||||||||||||||||||||
Residential |
47% | 48% | 44% | 3 p.p. |
48% | 47% | 1 p.p. |
|||||||||||||||||||||
Commercial |
27% | 28% | 28% | (1 p.p.) |
27% | 27% | 0 p.p. |
|||||||||||||||||||||
Major Demand (Industrial/Commercial) |
26% | 24% | 28% | (2 p.p.) |
25% | 26% | (1 p.p.) |
第二季度24 |
1Q24 |
2023年第二季度 |
Δ % 2Q24/2Q23 |
2024上半年 |
2023上半年 |
Δ% 6M24/6M23 |
||||||||||||||||||||||
裝機容量(MW; EoP 1) |
43,602 |
43,873 |
43,405 |
0% | 43,602 |
43,405 |
0% | |||||||||||||||||||||
熱力 |
25,115 |
25,448 |
25,450 |
(1%) | 25,115 |
25,450 |
(1%) | |||||||||||||||||||||
水電 |
10,834 |
10,834 |
10,834 |
0% | 10,834 |
10,834 |
0% | |||||||||||||||||||||
核能 |
1,755 |
1,755 |
1,755 |
0% | 1,755 |
1,755 |
0% | |||||||||||||||||||||
可再生能源 |
5,898 |
5,836 |
5,366 |
10% | 5,898 |
5,366 |
10% | |||||||||||||||||||||
安裝容量(%) |
100% | 100% | 100% | 無數據 |
100% | 100% | 無數據 |
|||||||||||||||||||||
熱力 |
58% | 58% | 59% | (下降1個百分點) |
58% | 59% | 0個百分點 |
|||||||||||||||||||||
水電 |
25% | 25% | 25% | 0個百分點 |
25% | 25% | 0個百分點 |
|||||||||||||||||||||
核能 |
4% | 4% | 4% | 0個百分點 |
4% | 4% | 0個百分點 |
|||||||||||||||||||||
可再生能源 |
14% | 13% | 12% | 上升1個百分點 |
14% | 12% | 0個百分點 |
|||||||||||||||||||||
發電量(GWh) |
33,811 |
39,285 |
32,046 |
6% | 73,099 |
70,676 |
3% | |||||||||||||||||||||
熱力 |
17,620 |
21,355 |
18,877 |
(7%) | 38,976 |
42,295 |
(8%) | |||||||||||||||||||||
水電 |
7,839 |
9,055 |
million,相比於2021年12月31日的$ |
19% | 16,895 |
15,192 |
11% | |||||||||||||||||||||
核能 |
3,373 |
3,225 |
2,030 |
66% | 6,599 |
3,919 |
68% | |||||||||||||||||||||
可再生能源 |
4,979 |
5,650 |
4,550 |
9% | 10,629 |
9,270 |
15% | |||||||||||||||||||||
能源生產佔比(%) |
100% | 100% | 100% | 無數據 |
100% | 100% | 無數據 |
|||||||||||||||||||||
熱力 |
52% | 54% | 59% | (降低7個百分點) |
53% | 60% | (降低7個百分點) |
|||||||||||||||||||||
水電 |
23% | 23% | 21% | 3個百分點。 |
23% | 21% | 2個百分點。 |
|||||||||||||||||||||
核能 |
10% | 8% | 6% | 下降4個百分點 |
9% | 6% | 3個百分點。 |
|||||||||||||||||||||
可再生能源 |
15% | 14% | 14% | 上升1個百分點 |
15% | 13% | 上升1個百分點 |
|||||||||||||||||||||
能源需求量(千兆瓦時) |
33,437 |
37,889 |
32,934 |
2% | 71,325 |
72,430 |
(2%) | |||||||||||||||||||||
住宅 |
15,631 |
18,325 |
14,480 |
8% | 33,955 |
33,909 |
0% | |||||||||||||||||||||
商業用途 |
9,022 |
10,423 |
9,239 |
(2%) | 19,444 |
19,893 |
(2%) | |||||||||||||||||||||
主要需求來源(工業/商業) |
8,784 |
9,141 |
9,215 |
(5%) | 17,926 |
18,628 |
(4%) | |||||||||||||||||||||
能源需求佔比(%) |
100% | 100% | 100% | 無數據 |
100% | 100% | 無數據 |
|||||||||||||||||||||
住宅 |
47% | 48% | 44% | 3個百分點。 |
48% | 47% | 上升1個百分點 |
|||||||||||||||||||||
商業用途 |
27% | 28% | 28% | (下降1個百分點) |
27% | 27% | 0個百分點 |
|||||||||||||||||||||
主要需求來源(工業/商業) |
26% | 24% | 28% | (下降2個百分點) |
25% | 26% | (下降1個百分點) |
Source: CAMMESA; company data. Figures are rounded.
數據來源:CAMMESA;公司數據。數字已四捨五入。
As of June 30 th , 2024.
截止2024年6月30日。
Installed Power Generation Capacity: By the end of the second quarter of 2024 (2Q24), the country's installed capacity reached 43,602 MW, which means an increase of 0.5% or 198 MW compared to the 43,405 MW recorded as of June 30 th , 2023. The variation is a combination of the installation of new power facilities and the addition of capacity, adjustments and repowering of power plants that were already in operation. The +198 MW is decomposed as follow: (i) +533 MW of renewable sources, of which +368 MW corresponds to wind farms (50 MW of new plants installed during the 2Q24), +155 MW to solar plants (12 MW of new plants installed during the 2Q24) and 9 MW to biogas power plants and (ii) -335 MW in thermal sources, which includes +527 MW of combined cycles and -862 MW of gas and steam turbines and diesel engines.
裝機發電量:到2024年第二季度末(2Q24)爲止,該國的裝機容量達到43,602 MW,相比於2023年6月30日記錄的43,405 MW增長了0.5%或198 MW。變化是新的電力設施的安裝以及已經運行的電力廠的容量、調整和重組的組合。這198兆瓦分解如下:(一)533 MW的可再生能源,其中368 MW對應於風電場(2Q24期間安裝了50 MW的新電廠),155 MW對應於太陽能電站(2Q24期間安裝了12 MW的新電廠),9 MW對應於沼氣發電廠;(二)335 MW的熱源,包括527 MW的聯合循環和862 MW的燃氣輪機、蒸汽輪機和柴油發動機。
Power generation & demand: During the 2Q24 energy demand increased 2% to 33,437 GWh compared to 32,933 GWh recorded during the 2Q23, which is basically explained by a rise in residential consumption due to weather conditions. On average, the temperature during the 2Q24 was 0.9° lower than the same period of last year. May was the coldest month during the second quarter of 2024, with temperatures 3.7° lower than the same month of 2023. Not surprisingly, residential demand skyrocketed along this month (+29%).
發電和需求:2Q24期間,能源需求達到33,437 GWh,比2Q23的32,933 GWh增長2%,這主要是由於天氣條件變化導致住宅用電量上升。平均而言,2Q24期間的溫度比去年同期低0.9°C。在2024年第二季度中,5月份是最冷的月份,比2023年同月份低了3.7°C。不出所料,這個月的住宅需求猛增(增長29%)。
In line with the demand, generation rose 6% during the quarter on a year-over-year (YoY) basis. The growth was basically driven by nuclear generation (+66%) and hydro generation (+19%). Renewable generation also rose but on a much smaller scale (+9%). Nuclear supply was significantly higher as a result of the reincorporation of Atucha II power plant, which was in maintenance shutdown during the first half of 2023. This power plant resumed operations in August 2023. Hydro generation rate of growth was remarkable (specially in May: +60% YoY) due to the outstanding increment in the flow rivers: Uruguay (+502%), Limay (+82%) and Collón Curá (+45%).
與需求相一致,季度基於年度飆升了6%。增長主要受核發電(+66%)和水電發電(+19%)的推動。可再生能源發電也增長,但幅度較小(+9%)。核能供應大幅增加,原因是阿圖查II電站恢復運營,該電站在2023年上半年進行維護關閉。該電站於2023年8月恢復運營。水電發電增長率顯著(特別是在五月份:年同比增長60%),原因是河流流量的顯着增加:烏拉圭(+502%),利邁(+82%)和科隆庫拉(+45%)。
The higher supply of nuclear and hydro generation prompted a lower thermal dispatch during the quarter (-7% YoY). It should be highlighted that availability remained relative stable for the whole thermal system during quarter, although for combined cycles was higher (93% in 2Q24 vs. 89% in 2Q23) and for steam and gas turbines lower (60% in 2Q24 vs. 65% in 2Q23).
核能和水電供應的增加導致季度熱量調度下降了7%。需要強調的是,整個熱能系統的可用性在季度內保持相對穩定,儘管聯合循環的可用性更高(2Q24爲93%,而2Q23爲89%),而蒸汽和燃氣輪機的可用性較低(2Q24爲60%,而2Q23爲65%)。
Finally, the lower thermal dispatch during the 2Q24 triggered a lower fuel consumption (-12% YoY in equivalent natural gas million cubic meters). Also, although the electricity trade balance resulted in a net import situation, exports were higher (+1,514%) and imports lower (-53%) during the 2Q24 vis-à-vis 2Q23, thus reducing the net import balance.
最後,2Q24期間熱量調度下降,相應的燃料消耗也下降(以等效天然氣百萬立方米計,同比下降12%)。儘管電力貿易平衡出現淨進口情況,但2Q24出口比2Q23增加(+1,514%),進口比2Q23減少(-53%),從而減少了淨進口餘額。
Energy Demand per type
(TWh)
按類型的能源需求
(TWh)
Local energy Demand
(TWh)
當地能源需求
(TWh)
C. Central Puerto S.A.: Main operating metrics
C. Central Puerto S.A.:主要運營指標
The table below sets forth key operating metrics of the Central Puerto group for 2Q24, compared to 1Q24 and 2Q23:
下表列出了Central Puerto集團在2Q24的關鍵運營指標,與1Q24和2Q23進行了比較:
2Q24 |
1Q24 |
2Q23 |
Δ % |
6M24 |
6M23 |
Δ % 6M24/6M23 |
||||||||||||||||||||||
Energy Generation (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%) | |||||||||||||||||||||
Solar |
48 |
82 |
- |
N/A |
131 |
- |
N/A |
|||||||||||||||||||||
Installed capacity (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% | |||||||||||||||||||||
Solar |
105 |
105 |
- |
N/A |
105 |
- |
N/A |
|||||||||||||||||||||
Thermal availability (1) |
||||||||||||||||||||||||||||
Central Puerto CC - global |
94% | 90% | 85% | 9% | 84% | 79% | 4% | |||||||||||||||||||||
Central Puerto CC - standalone |
94% | 93% | 96% | (2%) | 94% | 95% | (1%) | |||||||||||||||||||||
Central Puerto turbines - global |
77% | 68% | 70% | 7% | 86% | 79% | 7% | |||||||||||||||||||||
Central Puerto turbines - standalone |
81% | 76% | 76% | 4% | 78% | 62% | 16% | |||||||||||||||||||||
Steam production (Ktn) |
752 |
429 |
560 |
34% | 1,326 |
1,089 |
22% |
第二季度24 |
1Q24 |
2023年第二季度 |
Δ % |
2024上半年 |
2023上半年 |
Δ% 6M24/6M23 |
||||||||||||||||||||||
發電量(GWh) |
4,985 |
5,520 |
4,762 |
5% | 10,505 |
9,884 |
6% | |||||||||||||||||||||
熱力 |
3,604 |
4,272 |
3,874 |
(7%) | 7,877 |
7,800 |
1% | |||||||||||||||||||||
水電 |
978 |
807 |
504 |
94% | 1,785 |
1,352 |
32% | |||||||||||||||||||||
風能 |
354 |
358 |
384 |
(8%) | 712 |
733 |
(3%) | |||||||||||||||||||||
太陽能 |
48 |
82 |
- |
無數據 |
131 |
- |
無數據 |
|||||||||||||||||||||
裝機容量(MW) |
6,703(1) | 7,173 |
7,113 |
(6%) | 6703 |
7,113 |
(6%) | |||||||||||||||||||||
熱力 |
4,783 |
5,253 |
5,298 |
(10%) | 4,783 |
5,298 |
(10%) | |||||||||||||||||||||
水電 |
1,441 |
1,441 |
1,441 |
0% | 1,441 |
1,441 |
0% | |||||||||||||||||||||
風能 |
374 |
374 |
374 |
0% | 374 |
374 |
0% | |||||||||||||||||||||
太陽能 |
105 |
105 |
- |
無數據 |
105 |
- |
無數據 |
|||||||||||||||||||||
熱效能可用率 (1) |
||||||||||||||||||||||||||||
Central Puerto CC -全球貨幣 |
94% | 90% | 85% | 9% | 84% | 79% | 4% | |||||||||||||||||||||
Central Puerto CC -獨立運行 |
94% | 93% | 96% | (2%) | 94% | 95% | (1%) | |||||||||||||||||||||
中央港渦輪- 全球貨幣 |
77% | 68% | 70% | 7% | 86% | 79% | 7% | |||||||||||||||||||||
中央港渦輪- 單機操作 |
81% | 76% | 76% | 4% | 78% | 62% | 16% | |||||||||||||||||||||
蒸汽生產(Ktn) |
752 |
429 |
560 |
34% | 1,326 |
1,089 |
22% |
Source: CAMMESA; company data.
來源:CAMMESA;公司數據。
"Central Puerto standalone" figures exclude Central Costanera.
「中央港獨立」數字不包括Central Costanera。
On April 26, 2024, the Secretariat of Energy requested CAMMESA to proceed with the disconnection of steam turbines COSTTV04 and COSTTV06 (470 MW in total) of Central Costanera, following a solicitation originally made by Enel, former owner of that plant, and followed up by the Company. This update has no impact on revenues: these turbines have not been operating since long time ago.
2024年4月26日,能源秘書要求CAMMESA斷開Central Costanera的蒸汽渦輪COSTTV04和COSTTV06(共470 MW),此前Enel曾要求斷開這些渦輪,公司隨後進行了跟進。這項更新對收入沒有影響:這些渦輪已經很長時間沒有運行。
Thermal availability (1)(2)
(%)
Steam & gas turbines
熱可用性(1)(2)
(%)
蒸汽及燃氣渦輪
Combined Cycles
聯合循環
Availability weighted average by power capacity. Off-time due to scheduled maintenance agreed with CAMMESA is not considered in the ratio.
Central Costanera figures does not consider the power capacity values of the steam generation units COSTTV04 and COSTTV06.
按功率容量加權平均數計算。與CAMMESA商定的計劃維護期間的停機時間不計入該比率。
Central Costanera的數字不包括蒸汽發生裝置COSTTV04和COSTTV06的電力容量值。
During 2Q24, Central Puerto's power generation increased by 5% to 4,985 GWh, compared to 4,762 GWh in 2Q23.
2024年第二季度,中央港的發電量增長了5%,達到4,985 GWh,而在2023年第二季度爲4,762 GWh。
In 2Q24, hydro energy generation from Piedra del Aguila increased 94% as compared with 2Q23 levels, reaching 978 GWh from 504 GWh, as a direct result of higher levels of water available for generation, which was a direct consequence of higher river flows (Limay: +82% YoY, Collón Curá: 40% YoY).
2024年第二季度,皮德拉德爾阿吉拉的水電能量與2023年第二季度的水平相比增長了94%,從504 GWh增加到978 GWh,這是水資源水平提高的直接結果,這是流量增加的直接後果(利馬州:+82% YoY, Collón Curá:40% YoY)。
With regards to renewables, energy generation increased 5% in 2Q24 compared to 2Q23, being basically explained by the 48 GWh generated by Guañizuil II A solar farm, acquired in October 2023. Concerning wind generation, it decreased almost 8%, reaching 354 GWh during the 2Q24 versus 384 GWh during the same period of 2023. This is primarily due to the storm that hit Bahia Blanca in December 2023, impacting La Castellana II. Generation from La Castellana I was also lower due to maintenance works carried on blades.
關於可再生能源,2024年第二季度發電量同比增長5%,基本上由於2023年10月收購的Guañizuil II A太陽能發電廠產生的48 GWh解釋。關於風能發電,它下降了近8%,在2024 2Q期間達到354 GWh,而在同期的2023年爲384 GWh。這主要是由於2023年12月襲擊巴伊亞布蘭卡(Bahía Blanca)的風暴影響了La Castellana II。La Castellana I的發電量也較低,因爲在保養葉片時進行了維護工作。
Regarding thermal generation, it decreased by 7% in 2Q24 compared to 2Q23, basically as a result of lower dispatch of some units of Costanera and Puerto sites, which was a consequence of higher hydro and nuclear aggregate supply in the system.
有關熱發電,與2023年第二季度相比,2024年第二季度下降了7%,基本上是由於Costanera和Puerto站的一些單元調度較低,這是系統中水電和核聚集供應量較高的結果。
Finally, steam production increased 34% during 2Q24, explained by a 17% increase in San Lorenzo cogeneration plant and a 72% increase in Lujan de Cuyo facility. The growth in the later case is basically explained by higher availability of gas turbines (maintenance program finished by mid-2023, which highly improved operation performance since then) and a higher demand from YPF.
最後,蒸汽生產在2024年第二季度增長了34%,這是由於San Lorenzo聯合發電廠增長17%,Lujan de Cuyo工廠增長了72%。後者的增長主要是由於更高的燃氣渦輪可用性(2023年中期完成的維護計劃,自那時以來極大地提高了運行性能)和YPF需求的增加解釋。
D. 2Q24 Analysis of Consolidated Results
D.2Q24綜合業績分析
Important notice: The results presented for the 2Q24 are positively or negatively affected, as appropriate, by a non-cash effect, given by the fact that inflation rates were greater than currency depreciation rates during the quarter. Since the functional currency of Central Puerto is the Argentine peso, our Financial Statements are subject to inflation adjustment, while Company's figures are converted into US dollars using the end of period official exchange rate. Thus, given the significant disparity between inflation and devaluation for the period, it might affect comparability.
重要通知:對於2Q24報告的結果,根據通貨膨脹率大於季度貨幣貶值率的事實,結果會受到正面或負面影響。由於Central Puerto的功能性貨幣是阿根廷披索,我們的財務報表受到通貨膨脹調整的影響,而公司數據則使用期末的官方匯率轉換成美元。因此,由於該期間通貨膨脹和貶值之間的顯着差異,可能會影響可比性。
Main financial magnitudes of continuing operations (1) (2) (3)
持續經營的主要財務數據(1)(2)(3)
The FX rate used to convert Argentine Pesos to U.S. dollars is the reference exchange rate reported by the Central Bank (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 appropriate.
See "Disclaimer-EBITDA & Adjusted EBITDA" on page 22 for further information.
Central Costanera revenues are not affected by COSTTV04 and COSTTV06 disconnection.
用於將阿根廷披索轉換爲美元的匯率是由中央銀行報告的參考匯率(Communication「A」3500)(鑑於2024年6月30日1美元兌換AR$256.68,2024年3月31日1美元兌換AR$857.42,以及2024年6月30日1美元兌換AR$911.75)。
請查看第22頁的"免責聲明-EBITDA與調整後的EBITDA"獲取更多信息。
中央科斯塔內拉的收入不受COSTTV04和COSTTV06斷開的影響。
During 2Q24, revenues totaled US$168 million increasing 15% or US$ 21 million compared to US$147 million in the 2Q23.
在2Q24期間,營收總額爲16800萬美元,與2Q23的14700萬美元相比增長了15%或2100萬美元。這主要是由於以下因素的組合:
This was mainly due to a combination of:
這主要是由以下因素的組合產生的:
A 14% or US$10 million increase in spot/legacy energy sales which amounted to US$81 million in 2Q24 compared to US$71 million in the 2Q23, driven by a higher dispatch of Piedra del Águila hydropower plant, higher availability of thermal units, specially in Central Costanera, and also higher generation from Buenos Aires Combined Cycle.
An 8% or US$5 million increase in sales under contracts, which totaled US$66 million in 2Q24 compared to US$61 million in 2Q23, mainly explained by the recent acquisition of the solar farm Guañizuil II A, which contributed with sales of US$2 million in the quarter, and higher sales of cogeneration units (Luján de Cuyo facility). Sales of wind farms were lower due to lower wind generation from La Castellana II, which was hit by a twister in December 2023, and La Castellana I, due to maintenance works carried on blades.
A 42% or US$ 3 million increase in steam sales, driven by basically higher production levels in Luján de Cuyo facility.
A 77% or US$2 million increase in forestry.
A positive non-cash effect on the gap between currency devaluation and inflation.
現貨/舊系統能源銷售增長14%,2Q24總計8100萬美元,而2Q23爲7100萬美元,這主要是由於Piedra del Águila水電站的調度提高,中央科斯塔內拉的熱電機組可用性更高,以及布宜諾斯艾利斯聯合循環系統的發電量更高。
合同銷售額增加8%或500萬美元,2Q24總額爲6600萬美元,而2Q23爲6100萬美元,這主要是由於最近收購了太陽能發電廠Guañizuil II A,該季度貢獻了200萬美元的銷售額,並且餘熱發電機組的銷售增加。
蒸汽銷售額增加42%或300萬美元,主要是由於Luján de Cuyo工廠的生產水平更高。
林業收入增長77%或200萬美元。
對貨幣貶值和通貨膨脹差距的積極非現金影響。
Operating cost, excluding depreciation and amortization, in 2Q24 amounted to US$53 million, decreasing by 18% or US$12 million when compared to US$65 million in 2Q23.
除折舊和攤銷費用外,2Q24的營業成本爲5300萬美元,與2Q23的6500萬美元相比下降了18%或1200萬美元。
Production costs dropped primarily due to a reduction of: (i) compensations to employee; (ii) consumption of materials and spare parts and (iii) forestry and forest production services expenses. On the other hand, production costs were negatively impacted by a non-cash effect on the gap between currency devaluation and inflation.
生產成本下降主要是由於:(i)員工補償金的減少;(ii)耗材和備件的消耗量和(iii)林業和森林生產服務費用的減少。另一方面,生產成本受到貨幣貶值和通脹差距的非現金影響的負面影響。
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
SG&A折舊和攤銷費用在2Q24下降了9%或200萬美元,從2Q23的1500萬美元降至1300萬美元。
The reduction in SG&A during the quarter was basically a result of lower: (i) fees and compensation for services and (ii) taxes. As well as with production costs, SG&A were negatively impacted by a non-cash effect on the gap between currency devaluation and inflation.
當季SG&A的下降基本上是由於(i)服務費和報酬的降低以及(ii)稅收的降低所致。與生產成本一樣,SG&A受到貨幣貶值和通脹差距的非現金影響的負面影響。
Other operating results net (excluding FONI and variation of biological assets) in 2Q24 were negative in US$31 million, diminishing 365% or US$42million compared to 2Q23 . This is mainly explained by the impact of Resolution 58/24 and lower (i) interest from clients and (ii) FX differences. Also, there was a negative non-cash effect on the gap between currency devaluation and inflation.
2Q24的其他營業收入淨額(不包括FONI和生物資產的變動)爲負3100萬美元,較2Q23降低了365%或4200萬美元。這主要是由於58/24法案的影響以及客戶利息和外匯差異減少。此外,貨幣貶值和通貨膨脹差距對此也產生了負面的非現金影響。
Consequently, Consolidated Adjusted EBITDA (1) amounted to US$46 million in 2Q24 , compared to US$63 million in 2Q23.
因此,調整後的合併EBITDA(1)在2Q24達到4600萬美元,而2Q23爲6300萬美元。
Consolidated Net financial results in 2Q24 were negative in US$21 million compared to a loss of US$15 million in 2Q23 , which means a worsen of US$ 6 million. This was mainly driven by lower (i) interest earned and (ii) variation in the fair value of financial assets, being all partially offset by lower foreign exchange differences on financial liabilities and lower bank commissions.
2Q24年合併淨財務收益爲負2100萬美元,而2Q23年爲負1500萬美元,即惡化了600萬美元。這主要是由於(i)利息收入較低和(ii)金融資產的公允價值變動,所有這些都部分抵消了金融負債的外匯差異和銀行佣金下降。
Loss on net monetary position in 2Q24 measured in US dollars amounted to US$20,371 being 100% lower than the US$41 million loss in 2Q23, driven by the significantly lower inflation rates during the 2Q24 vis-à-vis 2Q23.
2Q24美元名義貨幣頭寸損失爲20371美元,比2Q23的4100萬美元損失下降了100%,這主要是由於2Q24的通貨膨脹率較低。
Profit/Loss on associate companies was positive in US$7 million compared to a US$3 million gain in 2Q23. Additionally, there was a Gain on fair value valuation of acquisitions of US$ 1 million during the 2Q24 as a consequence of the investment made by our subsidiary Proener in AbraSilver Resource Corp in May 2024.
關聯公司利潤/損失爲700萬美元,而2Q23爲300萬美元的盈利。此外,2Q24的公允價值估值收益爲100萬美元,這是我們的子公司Proener於2024年5月在AbraSilver Resource Corp中進行的投資的結果。
Income tax in 2Q24 was negative in US$26 million compared to, also negative, US$17 million in 2Q23 due to basically a higher income before tax.
2Q24的所得稅爲負2600萬美元,而2Q23也爲負1700萬美元,基本上是由於稅前收入更高。
Finally, Net Income in 2Q24 amounted to US$8million, compared to US$17 million of 2Q23 .
最後,2Q24年淨利潤爲800萬美元,而2Q23年爲1700萬美元。
Adjusted EBITDA Reconciliation (1)
調整後的EBITDA重算(1)
Financial Situation
財務狀況
As of June 30 th , 2024, the Company and its subsidiaries had Cash and Cash Equivalents of US$5million , and Other Current Financial Assets of US$153 million .
截至2024年6月30日,本公司及其子公司現金及現金等價物總額爲500萬美元,其他流動金融資產總額爲15300萬美元。
The following chart breaks down the Net Debt position of Central Puerto (on a stand-alone basis) and its subsidiaries:
下表詳細說明了中央普渡(單獨基礎上)及其子公司的淨債務情況:
Cash Flows of 6M24
6M24現金流量表
Net cash provided by operating activities was US$67 million during 6M24 . This cash flow arises mainly from (i) US$87 million of net income for the period before income tax; (ii) US$19 million in collection of interest from clients; being all partially offset by; (iii) adjustments to reconcile profit for the period before income tax with net cash flows of US$22 million (iv) US$6 million in negative working capital variations (account payables, account receivables, inventory and other non-financial assets and liabilities) and (v) income tax and other taxes payments of US$11 million.
六個月期間經營活動提供的淨現金流爲6700萬美元。該現金流主要來自:(i)當期收入稅前利潤8700萬美元;(ii)從客戶處收取的利息1900萬美元;部分抵消的是(iii)調整以協調稅前利潤期間內現金淨流量的2200萬美元;(iv)負的運營資本變動(應付賬款、應收賬款、存貨和其他非金融資產和負債)600萬美元;以及(v)所得稅和其他稅費支付1100萬美元。
Net cash used by investing activities was US$13 million during 6M24 . This amount is mainly explained by US$45 million in investments in property, plant, equipment and inventory, being partially offset by US$24 million generated by the sale of financial assets, net.
六個月期間投資活動使用的淨現金流爲1300萬美元。該金額主要解釋爲投資於固定資產、廠房、設備和庫存4500萬美元,部分抵消的是2400萬美元金融資產的淨銷售額。
Net cash used by financing activities was US$66 million in the 6M24 . This is basically the result of (i) US$87 million in long-term debt amortizations; (ii) US$24 million in interest and other financing costs related to long-term debt, and (iii) US$12 million in dividends paid, being all partially offset by US$55 million in financing obtained in the period and (iv) US$1.2 million in overdrafts in checking accounts.
六個月期間融資活動使用的淨現金流爲6600萬美元。這基本上是以下幾個方面的結果:(i)長期債務償還8700萬美元;(ii)與長期債務相關的利息和其他融資成本2400萬美元;以及(iii)支付的分紅1200萬美元,其中部分抵消了5500萬美元的融資利得和(iv)支票帳戶透支120萬美元。
The following table shows the company's principal maturity profile as of June 30, 2024, expressed in millions of dollars:
下表顯示了公司截至2024年6月30日的主要到期時間表,以百萬美元爲單位:
Debt Maturity schedule (1)(2)
(US$ mm.)
債務到期時間表(1)(2)
(美元,百萬)
As of June 30th, 2024.
Considers only principal maturities. Does not considering accrued interest.
截至2024年6月30日。
僅考慮本金到期,不考慮應計利息。
E. Tables
E.表
a. Consolidated Statement of Income
a.合併利潤表
The FX rate used to convert Argentine Pesos to U.S. dollars is the reference exchange rate reported by the Central Bank (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 appropriate.
將阿根廷披索轉換爲美元的匯率採用中央銀行(通訊「A」3500)2023年6月30日(1美元等於256.68阿根廷披索),2023年3月31日(1美元等於208.99阿根廷披索),2024年6月30日(1美元等於911.75阿根廷披索)或2024年3月31日(1美元等於857.42阿根廷披索)。
b. Consolidated Statement of Financial Position
b. 合併資產負債表
The FX rate used to convert Argentine Pesos to U.S. dollars is the reference exchange rate reported by the Central Bank (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 appropriate.
將阿根廷披索轉換爲美元的匯率採用中央銀行(通訊「A」3500)2023年12月31日(1美元等於808.48阿根廷披索),2023年9月30日(1美元等於350阿根廷披索),2023年6月30日(1美元等於256.68阿根廷披索),2023年3月31日(1美元等於208.99阿根廷披索),2024年6月30日(1美元等於911.75阿根廷披索)或2024年3月31日(1美元等於857.42阿根廷披索)。
c. Consolidated Statement of Cash Flow
c. 合併現金流量表
The FX rate used to convert Argentine Pesos to U.S. dollars is the reference exchange rate reported by the Central Bank (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 appropriate.
將阿根廷披索轉換爲美元的匯率採用中央銀行(通訊「A」3500)2023年6月30日(1美元等於256.68阿根廷披索),2023年3月31日(1美元等於208.99阿根廷披索),2024年6月30日(1美元等於911.75阿根廷披索)或2024年3月31日(1美元等於857.42阿根廷披索)。
F. Information about the Conference Call
F. 電話會議的信息
There will be a conference call to discuss Central Puerto's 2Q 2024 results on August 12, 2024, at 09:00 AM Eastern Time .
將於2024年8月12日美國東部時間上午9:00舉行電話會議,討論Central Puerto 2024年第二季度的業績。
The conference will be hosted by Mr. Fernando Bonnet, Chief Executive Officer, Enrique Terraneo, Chief Financial Officer and Alejandro Diaz Lopez member of the Investor Relations team.
會議由首席執行官Fernando Bonnet,首席財務官Enrique Terraneo和投資者關係團隊成員Alejandro Diaz Lopez主持。
To access the conference call, please dial:
請撥打以下電話參加電話會議:
Toll Free: +1 888-506-0062
International: + 1 973-528-0011
Participant Access Code: 199067
Webcast URL :
免費電話:+1 888-506-0062
國際電話:+1 973-528-0011
參與者接入代碼:199067
網絡直播網址:
The Company will also host a live audio webcast of the conference call on the Investor Relations section of the Company's website at . Please allow extra time prior to the call to visit the website and download any streaming media software that might be required to listen to the webcast. The call will be available for replay on the Company's website under the Investor Relations section.
公司還將在公司網站的投資者關係部分直播電話會議的音頻。請在會議前預留足夠的時間到訪問該網站並下載可能需要的任何流媒體軟件以收聽網絡直播。該通話將在公司網站的投資者關係部分提供回放。
You may find additional information on the Company at:
您可以在以下鏈接中找到有關公司的更多信息:
www.sec.gov
www.sec.gov
Glossary
術語簡介
In this release, except where otherwise indicated or where the context otherwise requires:
在本新聞稿中,除非另有說明或上下文另有要求:
"BCRA" refers to Banco Central de la República Argentina , Argentina's Central Bank,
"CAMMESA" refers to Compañía Administradora del Mercado Mayorista Eléctrico Sociedad Anónima ;
"COD" refers to Commercial Operation Date, the day in which a generation unit is authorized by CAMMESA (in Spanish, "Habilitación Comercial") to sell electric energy through the grid under the applicable commercial conditions;
"Ecogas" refers collectively to Distribuidora de Gas Cuyana ("DGCU"), Distribuidora de Gas del Centro ("DGCE"), and their controlling company Inversora de Gas del Centro ("IGCE") ;
"Energía Base" (legacy energy) refers to the regulatory framework established under Resolution SE No. 95/13, as amended, currently regulated by Resolution SE No. 9/24;
"FONINVEMEM" or "FONI", refers 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 Increase the Electric Power Supply) and Similar Programs, including Central Vuelta de Obligado (CVO) Agreement;
"p.p.", refers to percentage points;
"PPA" refers to power purchase agreements.
「BCRA」指阿根廷中央銀行;
「CAMMESA」指Compañía Administradora del Mercado Mayorista Eléctrico Sociedad Anónima;
「COD」指商業運營日期,即發電單位獲得CAMMESA(西班牙語中的「Habilitación Comercial」)的授權,按照適用的商業條件通過網絡出售電能的日期;
「Ecogas」是Distribuidora de Gas Cuyana(「DGCU」),Distribuidora de Gas del Centro(「DGCE」)及其控股公司Inversora de Gas del Centro(「IGCE」)的集合體;
「Energía Base」指根據Resolution SE No. 95/13制定的法規框架,經Resolution SE No. 9/24實施,法規框架當前已獲得修訂;
「FONINVEMEM」或「FONI」是増加電力供應所必要的投資基金或類似計劃的基金,包括Central Vuelta de Obligado(CVO)協議;
「p.p.」意爲百分點;
「PPA」指電力購買協議。
Disclaimer
免責聲明
Rounding amounts and percentages : Certain amounts and percentages included in this release have been rounded for ease of presentation. Percentage figures included in this release have not in all cases been calculated on the basis of such rounded figures, but on the basis of such amounts prior to rounding. For this reason, certain percentage amounts in this release may vary from those obtained by performing the same calculations using the figures in the financial statements. In addition, certain other amounts that appear in this release may not sum due to rounding.
金額和百分比四捨五入 爲了展示的方便,在此發佈的某些金額和百分比已經四捨五入。此發佈中包含的百分比數據並非全部根據這些舍入後的數字計算得出,而是根據舍入之前的金額計算得出。因此,此發佈中的某些百分比可能與使用基本報表中的數字執行相同計算得到的結果不同。此外,此發佈中出現的某些其他金額可能因四捨五入而無法求和。
This release contains certain metrics, including information per share, operating information, and others, which do not have standardized meanings or standard methods of calculation and therefore such measures may not be comparable to similar measures used by other companies. Such metrics have been included herein to provide readers with additional measures to evaluate the Company's performance; however, such measures are not reliable indicators of the future performance of the Company and future performance may not compare to the performance in previous periods.
此發佈包含某些指標,包括每股信息、經營信息和其他信息,這些指標沒有標準化含義或標準計算方法,因此這些指標可能與其他公司使用的類似指標不可比較。這些指標包含在此處,以爲讀者提供衡量公司業績的額外指標。但是,這些指標不是公司未來業績的可靠指標,未來的業績可能與以前的業績不可比較。
OTHER INFORMATION
其他信息
Central Puerto routinely posts important information for investors in the Investor Relations support section on its website, . From time to time, Central Puerto may use its website as a channel of distribution of material Company information. Accordingly, investors should monitor Central Puerto's Investor Relations website, in addition to following the Company's press releases, SEC filings, public conference calls and webcasts. The information contained on, or that may be accessed through, the Company's website is not incorporated by reference into, and is not a part of, this release.
Central Puerto定期在其網站的投資者關係壓力位上發佈重要信息。Central Puerto有時可能會使用其網站作爲分發公司重要信息的渠道。因此,投資者應該監視Central Puerto的投資者關係網站,除了關注公司的新聞發佈、SEC文件、公開電話會議和網絡廣播外。存在於公司網站上或可通過該網站獲取到的信息並未納入參考,也不是此發佈的一部分。
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION
與前瞻性信息相關的警示聲明
This release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to in this Earnings Release as "forward-looking statements") that constitute forward-looking statements. All statements other than statements of historical fact are forward-looking statements. The words ''anticipate'', ''believe'', ''could'', ''expect'', ''should'', ''plan'', ''intend'', ''will'', ''estimate'' and ''potential'', and similar expressions, as they relate to the Company, are intended to identify forward-looking statements.
此發佈包含某些前瞻性信息和前瞻性陳述,如適用的證券法中所定義的(在本收益發布中統稱爲「前瞻性陳述」)也構成了前瞻性陳述。除了歷史事實陳述之外,所有其他陳述都是前瞻性陳述。這些詞「anticipate」,「believe」,「could」,「expect」,「should」,「plan」,「intend」,「will」,「estimate」和「potential」及類似表達方式,與公司有關,旨在識別前瞻性陳述。
Statements regarding possible or assumed future results of operations, business strategies, financing plans, competitive position, industry environment, potential growth opportunities, the effects of future regulation and the effects of competition, expected power generation and capital expenditures plan, are examples of forward-looking statements. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies, which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.
涉及潛在或假設未來業績、業務策略、融資計劃、競爭地位、行業環境、潛在增長機會、未來監管影響和競爭影響、預期發電和資本支出計劃等的陳述是前瞻性陳述的例子。前瞻性陳述必須基於許多因素和假設,儘管管理層認爲這些因素和假設是合理的,但它們本質上受到重大的業務、經濟和競爭性的不確定性和偶發事件的影響,這可能導致公司的實際業績、表現或成就與前瞻性陳述所表達的任何未來業績、表現或成就實質上不同。
The Company assumes no obligation to update forward-looking statements except as required under securities laws. Further information concerning risks and uncertainties associated with these forward-looking statements and the Company's business can be found in the Company's public disclosures filed on EDGAR ( www.sec.gov ).
除適用證券法規定外,公司不承擔更新前瞻性陳述的責任。有關這些前瞻性陳述和公司業務的風險和不確定性的更多信息,請參見公司在EDGAR(www.sec.gov)提交的公開資料。
EBITDA & ADJUSTED EBITDA
EBITDA和調整後的EBITDA
In this release, EBITDA , a non-IFRS financial measure, is defined as net income for the period, plus finance expenses, minus finance income, minus share of the profit (loss) of associates, plus (minus) losses (gains) on net monetary position, plus income tax expense, plus depreciation and amortization, minus net results of discontinued operations.
在此發佈中,非IFRS財務指標EBITDA定義爲期間淨收益,加上財務費用,減去財務收入,再減去聯營企業收益(虧損)額,再加上(減去)淨貨幣頭寸上的損失(獲益),加上所得稅支出,加上折舊和攤銷減去停止經營收益。
Adjusted EBITDA refers to EBITDA excluding impairment on property, plant & equipment, foreign exchange difference and interests related to FONI trade receivables and variations in fair value of biological asset.
調整後的EBITDA是指扣除固定資產減值、匯兌差異和與FONI交易應收賬款有關的利息以及生物資產公允價值變動的EBITDA。
Adjusted EBITDA is believed to provide useful supplemental information to investors about the Company and its results. Adjusted EBITDA is among the measures used by the Company's management team to evaluate the financial and operating performance and make day-to-day financial and operating decisions. In addition, Adjusted EBITDA is frequently used by securities analysts, investors, and other parties to evaluate companies in the industry. Adjusted EBITDA is believed to be helpful to investors because it provides additional information about trends in the core operating performance prior to considering the impact of capital structure, depreciation, amortization, and taxation on the results.
相信調整後的EBITDA爲投資者提供了有用的補充信息,這些信息有助於評估公司及其業績。調整後的EBITDA是公司管理團隊用來評估財務和業務績效以及做出日常財務和業務決策的指標之一。此外,證券分析師、投資者和其他參與方經常用調整後的EBITDA來評估行業中的公司。相信調整後的EBITDA對投資者有幫助,因爲它提供了有關核心運營績效趨勢的額外信息,而不考慮資本結構、折舊、攤銷和稅收對結果的影響。
Adjusted EBITDA should not be considered in isolation or as a substitute for other measures of financial performance reported in accordance with IFRS. Adjusted EBITDA has limitations as an analytical tool, including:
調整後的EBITDA不應被孤立地視爲根據IFRS報告的財務業績的替代指標。調整後的EBITDA作爲分析工具具有侷限性,包括:
Adjusted EBITDA does not reflect changes in, including cash requirements for, working capital needs or contractual commitments;
Adjusted EBITDA does not reflect the finance expenses, or the cash requirements to service interest or principal payments on indebtedness, or interest income or other finance income;
Adjusted EBITDA does not reflect income tax expense or the cash requirements to pay income taxes;
although depreciation and amortization are non-cash charges, the assets being depreciated or amortized often will need to be replaced in the future, and Adjusted EBITDA does not reflect any cash requirements for these replacements;
although share of the profit of associates is a non-cash charge, Adjusted EBITDA does not consider the potential collection of dividends; and
other companies may calculate Adjusted EBITDA differently, limiting its usefulness as a comparative measure.
調整後的EBITDA不反映包括營運資本需求或合同承諾在內的變化,包括現金要求;
調整後的EBITDA不反映財務費用,或必須支付債務利息或本金付款,或利息收入或其他財務收入的現金要求;
調整後的EBITDA不反映所得稅費用或支付所得稅的現金要求;
儘管折舊和攤銷是非現金費用,但正在被折舊或攤銷的資產未來通常需要更換,調整後的EBITDA不反映這些更換的現金要求;
儘管聯營企業收益是非現金費用,但調整後的EBITDA並未考慮收取股息的潛在性;
其他公司可能以不同的方式計算調整後的EBITDA,從而限制其作爲比較指標的有用性。
The Company compensates for the inherent limitations associated with using Adjusted EBITDA through disclosure of these limitations, presentation of the Company's consolidated financial statements in accordance with IFRS and reconciliation of Adjusted EBITDA to the most directly comparable IFRS measure, net income. For a reconciliation of the net income to Adjusted EBITDA, see the tables included in this release.
公司通過披露這些侷限性、按照IFRS呈報公司的合併財務報表,並將調整後的EBITDA與最直接的IFRS測量指標淨收入協調,來彌補使用調整後的EBITDA所固有的侷限性。有關淨收入與調整後的EBITDA的協調,請參見本發佈中包含的表格。
All the information presented must be considered as consolidated unless otherwise specified.
除非另有說明,否則所有呈現的信息均被視爲合併的。
Contact information:
法務經理
Chief Financial Officer
Enrique Terraneo
致富金融(臨時代碼)
Enrique Terraneo
Tel: (+54 11) 4317 5000
Email: inversores@centralpuerto.com
Investor Relations
電話:(+54 11) 4317 5000
電子郵件: inversores@centralpuerto.com
投資者關係
(1) See "Disclaimer-EBITDA & Adjusted EBITDA" on page 22 for further information.
(1)請參見第22頁的「免責聲明-EBITDA和調整後的EBITDA」以了解更多信息。
SOURCE: Central Puerto S.A.
來源:Central Puerto S.A。