Central Puerto S.A 6-K, filed May 13, 2021

About this 6-K

Central Puerto S.A. (CEPU)

6-K 2021-05-13 For: 2021-05-12

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Added on April 11, 2026

Central Puerto S.A.

Date: May 12, 2021

/s/ ENRIQUE TERRANEO

Enrique Terraneo

Attorney-in-Fact

Central Puerto S.A filed this 6-K on May 13, 2021.

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Key Metrics	1Q2021	4Q2020	1Q2020	Var % (1Q/1Q)
Continuing Operations
Energy Generation (GWh)	3,479	3,818	3,908	(11%)
-Electric Energy Generation- Thermal	2,506	2,657	2,686	(7%)
-Electric Energy Generation – Hydro	623	762	929	(33%)
-Electric Energy Generation – Wind	350	399	294	19%
Installed capacity (MW; EoP1)	4,709	4,689	4,316	9%
-Installed capacity -Thermal (MW)	2,895	2,874	2,589	12%
-Installed capacity - Hydro (MW)	1,441	1,441	1,441	0%
-Installed capacity - Wind (MW)	374	374	286	31%
Availability - Thermal2	89%	91%	93%	(4p.p.)
Steam production (thousand Tons)	262	265	255	3%

Million Ps.	1Q2021	4Q2020	1Q2020	Var % (1Q/1Q)
	Unaudited, subject to limited review according to rule ISRE 2410	Unaudited1	Unaudited, subject to limited review according to rule ISRE 2410
Revenues	10,164	10,484	11,419	(11%)
Cost of sales	(5,191)	(5,133)	(4,734)	10%
Gross profit	4,973	5,351	6,686	(26%)
Administrative and selling expenses	(794)	(969)	(893)	(11%)
Operating income before other operating results	4,179	4,382	5,792	(28%)
Other operating results, net	3,587	1,381	3,399	6%
Operating income	7,766	5,763	9,191	(16%)
Depreciations and Amortizations	1,913	1,912	1,657	15%
Adjusted EBITDA	9,679	7,675	10,848	(11%)
1. Includes, among others, the following concepts:
● Impairment on property, plant and equipment and intangible assets	-	(2,842)	(1,105)	N/A
● Foreign Exchange Difference and interests related to FONI trade receivables	3,130	3,605	3,628	(14%)
Adjusted EBITDA excluding FX difference and interests related to FONI trade receivables and Impairment on property, plant and equipment	6,550	6,912	8,324	(21%)
Average exchange rate of period	88.53	80.00	61.42	44%
Exchange rate end of period	91.96	84.15	64.47	43%

Million Ps.	1Q2021	4Q2020	1Q2020	Var % (1Q/1Q)
	Unaudited, subject to limited review according to rule ISRE 2410	Unaudited2	Unaudited, subject to limited review according to rule ISRE 2410
Consolidated Net income for the period	640	656	1,364	(53%)
Loss on net monetary position	(181)	(247)	(447)	(60%)
Financial expenses	7,012	6,771	6,213	13%
Financial income	(422)	(2,589)	(186)	127%
Share of the profit of an associate	267	(39)	(77)	(446%)
Income tax expenses	450	1,211	2,325	(81%)
Depreciation and amortization	1,913	1,912	1,657	15%
Adjusted EBITDA	9,679	7,675	10,848	(11%)
1. Includes, among others, the following concepts:
● Impairment on property, plant and equipment and intangible assets	-	(2,842)	(1,105)	N/A
● Foreign Exchange Difference and interests related to FONI trade receivables	3,130	3,605	3,628	14%
Adjusted EBITDA excluding Foreign Exchange Difference and interests related to FONI trade receivables and Impairment on property, plant and equipment	6,550	6,912	8,324	(21%)

Million Ps.			As of March 31, 2021
Cash and cash equivalents (stand-alone)			14
Other financial assets (stand-alone)3			7,357
Financial Debt (stand-alone)			(23,787)
Composed of: Financial Debt (current) (Central Puerto S.A. stand-alone)		(15,500)
Financial Debt (non-current) (Central Puerto S.A. stand-alone)		(8,286)
Subtotal Central Puerto stand-alone Net Debt Position			(16,416)
Cash and cash equivalents of subsidiaries			170
Other financial assets of subsidiaries			4,602
Financial Debt of subsidiaries Composed of:			(26,802)
Financial Debt of subsidiaries (current)4		(3,694)
Financial Debt of subsidiaries (non-current) 4	(23,108)
Subtotal Subsidiaries Net Debt Position			(22,030)
Consolidated Net Debt Position			(38,446)

Million Ps.	1Q2021 As of March 31, 2021
Cash and Cash equivalents at the beginning	315
Net cash flows provided by operating activities	4,021
Net cash flows provided by investing activities	303
Net cash flows used in financing activities	(4,439)
Exchange difference and other financial results	25
Loss on net monetary position by cash and cash equivalents	(41)
Cash and Cash equivalents at the end	184

	1Q 2021	1Q 2020
	Unaudited, subject to limited review according to rule ISRE 2410	Unaudited, subject to limited review according to rule ISRE 2410
	Thousand Ps.	Thousand Ps.

Revenues	10,163,883	11,419,319
Cost of sales	(5,190,727)	(4,733,724)
Gross income	4,973,156	6,685,595

Administrative and selling expenses	(793,779)	(893,414)
Other operating income	3,592,588	4,567,542
Other operating expenses	(5,971)	(63,904)
Property plant and equipment impairment	-	(1,104,734)
Operating income	7,765,994	9,191,085

Gain (loss) on net monetary position	180,862	447,491
Finance income	421,831	185,790
Finance expenses	(7,011,840)	(6,212,574)
Share of the profit of associates	(267,146)	77,224
Income before income tax	1,089,701	3,689,016
Income tax for the period	(449,924)	(2,324,909)
Net income for the period	639,777	1,364,107

Attributable to:
-Equity holders of the parent	633,814	1,330,397
-Non-controlling interests	5,963	33,710
	639,777	1,364,107

Earnings per share:
Basic and diluted (Ps.)	0,42	0,88

	As of March 31, 2021	As of December 31, 2020
	Unaudited, subject to limited review according to rule ISRE 2410	Audited
	Thousand Ps.	Thousand Ps.
Assets
Non-current assets
Property, plant and equipment	88,719,928	89,443,692
Intangible assets	7,046,759	7,617,665
Investment in associates	4,991,181	5,268,135
Trade and other receivables	30,861,553	33,208,219
Other non-financial assets	422,372	546,823
Inventories	723,471	743,367
Deferred income tax assets	493,525	111,123
	133,258,788	136,939,017
Current assets
Inventories	1,134,263	908,397
Other non-financial assets	2,129,202	1,016,984
Trade and other receivables	20,470,916	21,161,832
Other financial assets	11,958,555	15,899,603
Cash and cash equivalents	183,990	314,798
	35,876,926	39,301,614
Property, plant and equipment available for sale	2,665,069	2,665,069
Total assets	171,800,783	178,905,700

Equity and liabilities
Equity
Capital stock	1,514,022	1,514,022
Adjustment to capital stock	29,134,497	29,134,497
Legal reserve	4,335,183	4,335,183
Voluntary reserve	54,759,380	54,759,380
Other equity accounts	(2,220,822)	(2,220,822)
Retained earnings	8,424,657	7,790,844
Equity attributable to shareholders of the parent	95,946,917	95,313,103
Non-controlling interests	150,902	144,939
Total Equity	96,097,819	95,458,042

Non-current liabilities
Other non-financial liabilities	5,512,516	5,934,888
Other loans and borrowings	31,394,651	34,840,181
Compensation and employee benefits liabilities	359,704	355,363
Provisions	45,403	51,284
Deferred income tax liabilities	10,269,723	10,165,651
	47,581,997	51,347,367


Current liabilities
Trade and other payables	2,863,160	2,875,208
Other non-financial liabilities	2,591,004	2,542,794
Other loans and borrowings	19,193,881	22,731,168
Compensation and employee benefits liabilities	812,506	1,150,899
Income tax payable	2,625,260	2,760,852
Provisions	35,156	39,370
	28,120,967	32,100,291
Total liabilities	75,702,964	83,447,658
Total equity and liabilities	171,800,783	178,905,700