CENTRAL PUERTO S.A. Business Summary

Central Puerto S.A. (CEPU) is Argentina’s largest private electric power producer, generating revenue primarily through the sale of electricity under long-term Power Purchase Agreements (PPAs) with CAMMESA and private industrial contracts via the MATER market. The company operates a diversified portfolio across four core segments: Conventional Generation (thermal and combined cycle), Renewable Energy (hydroelectric, wind, and solar), Natural Gas Distribution, and a strategic Forestry and Mining division. With approximately 7,100 MW of installed capacity, Central Puerto accounts for roughly 13% of Argentina's national grid supply. It maintains a dominant market position relative to its primary competitors—Pampa Energía, Genneia, YPF Luz, and AES Argentina—by leveraging high-efficiency thermal assets and recent strategic pivots into lithium and precious metals mining to capitalize on the global energy transition. The company is led by CEO Fernando Roberto Bonnet, a former Ernst & Young manager with over 15 years of tenure at the firm, and CFO Enrique Terraneo, who oversees the company's international capital market strategy. The Board of Directors is chaired by Osvaldo Arturo Reca, an engineer and long-time director representing the private investment groups that formed the company during the 1992 privatization of the state-owned SEGBA. Historically anchored by the Miguens Bemberg and Escasany families, Central Puerto’s ownership has become increasingly dispersed following a 2025 corporate reorganization. Current notable institutional backers include Mirae Asset Global Investments, Fourth Sail Capital, and the Argentine Sustainability Guarantee Fund (FGS), supporting the firm’s dual listing on the BYMA and NYSE.