H SB C 2 0 1 8 A rge nt ina C EO /C FO R oundt able October 25, 2018
Until 2017, energy generation in Argentina had insufficient capacity to cover peak demand periods… Demand for power capacity (net of shortages) vs. available supply of power capacity during peak moments 28.000 26.000 ➢ In many peak times Argentina depended 24.000 on power imports from its neighbors to 22.000 supply the demand 20.000 ➢ The recent inclusion of new equipment 18.000 changed this scenario 16.000 Domestic power dispatched (without domestic power reserves) Domestic power reserves Foreign power dispatched Total power demand Source: CAMMESA 1
… however, the new goal is to bring back efficiency to the system… Average efficiency for thermal generation Kcal/KWh Combined Cycle Power Capacity / Index Average Thermal Power Dispached 2500 1,8 -28% 2400 1,6 - 8% +20% 2300 1,4 - 4% 2200 1,2 2100 1 2000 0,8 1900 0,6 1800 0,4 1700 0,2 1600 0 New Investment in a competitive Divestment in an intervened Investment driven by investment environment environment the government signals Source: CAMMESA, Company analysis 2
… and increase the use of natural gas instead of the more expensive alternative fuels Thermal energy generation by source as a % of total thermal energy generated 1% 2% 12% 15% 16% 17% 21% 22% 24% 28% 28% 30% 30% 29% 31% 31% 99% 98% 88% 85% 84% 83% 79% 78% 76% 72% 72% 70% 71% 70% 69% 69% Natural gas Alternative fuels Due to the shortage of natural gas , thermal units where forced to burn more expensive alternative fuels such as fuel oil, diesel oil, coal and biodiesel Source: CAMMESA, Company analysis 3
These two changes combined could save up to 1.38 billon US dollars per year to the market Potential savings for the electric energy market (in millions of US dollars, base year 2017) 972 1,379 408 Savings in fuel Shift in fuel type Total potential savings Return to 2002’s Shift fuel source to efficiency 99% Natural Gas (1,734 Kcal/KWh) Source: CAMMESA, Company analysis 4
Disclaimer Information about Central Puerto can be found in the Investor Support section on the website at www.centralpuerto.com . This presentation does not constitute an offer to sell or the solicitation of any offer to buy any securities of Central Puerto, in any jurisdiction. Securities may not be offered or sold in the United States absent registration with the U.S. Securities Exchange Commission or an exemption from such registration. Rounding amounts and percentages: Certain amounts and percentages included in this presentation have been rounded for ease of presentation. Percentage figures included in this presentation 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 presentation may vary from those obtained by performing the same calculations. In addition, certain other amounts that appear in this presentation may not sum due to rounding. Cautionary Statements Relevant to Forward-Looking Information This presentation contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to in this presentation 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. 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 and, 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, or the industry, as applicable, to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. 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). Convenience Translations The translations into US dollars in this presentation have been made for convenience purposes only, and, given the significant exchange rate fluctuation between 1996 and 2018, you should not place undue reliance on the amounts expressed in US dollars The US dollar translations should not be construed as a representation that the peso amounts have been or may be converted into US dollars. 5
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