Investor Presentaiton
Power Production - Philippines
Short-term impact by seasonality -
long-term asset values increasing
Quarterly power production - GWh (100%)
·
Q1'22 production 25% below 5-year average as
expected - power purchased at high prices in the market
Production profile tilted toward second half of year and
normal hydrology variations of +/- 25%
600
5 year avg production
2021 production
2022 production
• ~80% of annual production year ahead is sold on
bilateral contracts - stabilising earnings
450
300
• Continued high spot prices is expected to generate extra
revenues in periods with strong hydrology
Contract portfolio
150
• Long-term asset values increasing – capturing higher
energy prices over time with a premium for flexibility
18
(*) Power grid stabilisation services
(**) Q2'2022 production forecast
0
Q1
Q2**
03
Q3
Q4View entire presentation