Central Puerto S.A. (NYSE:CEPU) Q1 2023 Earnings Conference Call May 15, 2023 11:00 AM ET

Company Participants

Federico Bozhori - Financial Controller

Fernando Bonnet - Chief Executive Officer

Conference Call Participants

Martin Arancet - Balanz Capital

Operator

Good morning, and welcome to the Central Puerto Conference Call following the results announcement for the First Quarter ended on March 31, 2023. All participants will be in listen-only mode. [Operator Instructions] Please note, this event is being recorded. If you do not have a copy of the press release, please refer to the Investor Support section on the company's corporate website at www.centralpuerto.com. A replay of today's call may be accessed by accessing the website in the Investor Support section of the Central Puerto corporate website.

Before we proceed, please be aware that all financial figures were prepared in accordance with IFRS and are stated in Argentinian pesos, unless otherwise noted. During the call, including the data from previous periods and the growth comparisons, have been stated in terms of Argentine pesos of the end of the reporting period. Also, please note that certain statements made by the company during this conference call are forward-looking statements, and we refer you to the forward-looking statements section of our earnings release and recent filings with the SEC.

Central Puerto assumes no obligation to update forward-looking statements, except as required under applicable securities laws. To follow the discussion better, please download the webcast presentation available on the company's website. Please be aware that some of the numbers mentioned during the call may be rounded to simplify the discussion. On the call today from Central Puerto is Fernando Bonnet, Chief Executive Officer; and Enrique Terraneo, Chief Financial Officer; and Federico Bozhori, Financial Controller.

And now, I will turn the call over to Federico Bozhori. Mr. Bozhori, you may begin.

Federico Bozhori

Thank you very much. Good morning. We are joining you today with our management team from [indiscernible] Argentina to report on the results of the first quarter of 2023 and then answer any questions you may have. I will like to begin today's call by analyzing the recent events, the industry in general, and finally the operating figures of the first quarter and the most recent financial news and results.

I would like to mention the following updates regarding Central Puerto. On December 12 of 2022 through resolution 826/2022, the Secretariat of Energy authorizes generators a tariff increase of 25% in February of the 2023, and 28% in August of the 2023 to spot energy. On February 7, 2023, through resolution 59/ 2023, the Secretariat of Energy authorizes generators that have combined cycle units to other to the agreement on availability of power and improvement of efficiency with the aim of encouraging the necessary investments of major and minor maintenance of the machines.