The following is a summary of the Central Puerto S.A. (CEPU) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Central Puerto S.A. reported Q3 revenue of $185 million, a 14% increase year-over-year.

• Adjusted EBITDA was $93 million, nearly flat compared to Q3 2023.

• Net income for the period doubled year-over-year to $40 million.

• The company significantly reduced its net debt, ending the quarter at $149 million, down from $286 million at the end of 2023.

Business Progress:

• Continued expansion on solar and combined cycle projects, with San Carlos solar farm expected to be completed by Q2 2025 and Brigadier Lopez combined cycle by Q4 2025.

• Dividend payments resumed, distributing ARS39.47 per share.

Opportunities:

• Regulatory changes favoring private power purchase agreements (PPAs) could allow for more competitive pricing and terms. Discussions about a new regulatory framework to enable private PPAs for thermal generation units are underway.

Risks:

• The remuneration for power during critical months remains a short-term addition, not significantly impacting long-term EBITDA.

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