The following is a summary of the Central Puerto S.A. (CEPU) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Central Puerto's revenue for 2023 was $537 million, a decrease of 5% from the previous year, and Q4 revenue declined 19% YoY to $298 million.

• The company's adjusted EBITDA was $277 million for the year, 35% lower than in 2022, and $45 million in Q4, down by 34% YoY.

• Despite a challenging year, the company still posted a positive net of income at $193 million for 2023 and $155.8 million for Q4.

• Central Puerto held a net debt of $244 million as of end-2023, reflecting a net debt leverage ratio of 1x, indicating good financial stability.

Business Progress:

• The acquisitions of Central Costanera and a solar farm contributed to a 49% increase in installed energy capacity to 7.2 gigawatts in 2023.

• Central Puerto has successfully become Argentina's largest private energy generation company across all power technologies after broadening its energy portfolio.

• An investment in a wind turbine project added 516 megawatts of power capacity at Central Costanera.

• Energy production increased 10% to 5.2 terawatt hours in Q4.

• Despite payment delays, the company maintains a solid financial strategy, leveraging short-term lines with banks.

• The firm's construction project for the Brigadier Lopez's combined cycle began in February and is projected for completion by 2025.

• Central Puerto is considering transferring concessions to NRSA but awaits governmental approval.

More details: Central Puerto IR

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