The following is a summary of the Central Puerto S.A. (CEPU) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Q2 2024 revenues reached $168 million, marking a 15% increase year-over-year.

• Adjusted EBITDA for Q2 2024 was $46 million, a decrease of 27% from Q2 2023.

• Net income for Q2 2024 was $8 million, representing a 49% decrease from the previous year.

• Net debt as of June 30, 2024, was $229 million, showing a reduction of $58 million from December 2023.

Business Progress:

• Central Puerto continued as a leader in private power generation in Argentina, with installed capacity remaining stable at 6,703 megawatts.

• The energy generation increased by 5% year-over-year to 4,985 gigawatt hours in Q2 2024.

• Progress on major projects includes the on-schedule San Carlos Solar Farm and the Brigadier Lopez combined cycle conversions.

• Regulatory updates such as Resolution 99 introduced a 25% increase in remuneration prices for spot market sales from June 1, 2024.

Opportunities:

• Regulatory changes like the extension of concession periods and updates to remuneration prices for energy may enhance revenue opportunities.

• Upcoming investments in renewable energy projects and potential expansion into new markets, especially in serving the high-demand mining sector in northern Argentina, signal growth opportunities.

Risks:

• The impact of the Resolution 58 on financials recorded a consolidated loss of ARS20,459 million or approximately $22.5 million.

More details: Central Puerto IR

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