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FIRSTQUARTERRESULTS
02May2019
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1Q2019EBITDA*
2
*BeneficialFigures
-14%decline,mainlyofwhich…• -13%duetohigherpurchasedpowercost• -1%duetoabsenceofrevenuesfrom
ThermaMobile(TMO)
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1Q2019CoreIncome
3
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1Q2019NetIncome
4
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BalanceSheetHighlights
5
*Total Interest Bearing Debt / Total Equity
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OperatingHighlights:CapacitySalesandCapacitySoldFactorbyContractType
6
CapacitySales:CapacityContracts (MW)+EnergyContracts (MW)+[(Spot(MWh)+Ancillary(MWh)]/Days_Year/HoursDay)CapacitySoldFactor:CapacitySales(MW)/NetSellableCapacity(MW)
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OperatingHighlights:RevenueandEnergySold
7
PhpMN GWh
5,698
5,340
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OperatingHighlights:GrossMargin
8
InGWh
InPhp MN
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OperatingHighlights:WESM
9
WESMLOADWEIGHTEDAVERAGEPRICES(P/MWh)
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OperatingHighlights:WaterLevel
10
Magat’sWaterLevelvs.RuleCurve(inMASL)
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OperatingHighlights:Distribution
11
BeneficialPowerSales(GWh)
Strong growth in distribution sales
BeneficialPowerSalesByCustomerType(GWh)
PeakDemandin(MW)
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12
GrossMargin/kWh
OperatingHighlights:Distribution
FeederLoss
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Pipelineontracktoreachourtargetof4,000MWby2020
13
ProjectUpdate
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Cebu- 300MWofCoalPower
14
ProjectUpdate
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ProjectUpdate
15
LaTrinidad- 19MWofHydroPower
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Dinginin - 2x668MWofCoalPower
16
ProjectUpdate
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NagaPowerPlantComplex
17
ProjectUpdate
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18
Therma MobilesignsPowerSupplycontractwithMeralco
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19
APReceivedApprovalFromPhilippineCompetitionCommission
PREV ADDTL NEW PREV ADDTL NEW% MW
GMCP 66% 12% 78% 418 77 495
GNPD 40% 30% 70% 534 401 935
478
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