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October 8, 2024 3:00 pm
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Key Messages from the 2023 Annual Stockholders' Meeting

Delfin Lazaro
Chairman

Message of the Chairman

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Eric Francia
President and CEO

Message of the President and CEO

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Business
highlights

We continued to execute our renewables expansion across our key markets, growing our renewables capacity to ~4,700 MW, which comprises 99% of total capacity, among the highest in the region.

Renewable Energy Capacity

1 Includes projects that are operating and under construction
2 Includes 48 MW from ACEN's investments in NEFIN rooftop solar projects, across Mainland China, Taiwan, Hong Kong, Singapore, Thailand, and Malaysia.
3 as of 2022 Integrated Report

Total attributable renewables capacity

~4,700 MW1,2

Renewable energy share

99%

New renewables projects in 2022

~ 1,300 MW

New renewables projects in 2022
Geographic footprint
Geographic footprint Chart

Total assets

232.8 B3

Market capitalization

~ ₱300 B3

Total shareholders’ equity

149.6 B3

Investments in renewables (Capex)

50.6 B

Target attributable renewables
capacity by 2030

20 GW

Sustainable financing

Maiden peso green bond

10 B

The strong support of Philippine institutional and retail investors for our maiden peso green bond issuance will help us realize our vision 20 GW renewables by 2030.

Sustainable financing

Green loans raised for Australia expansion

~AU$600 M (~₱ 22 B)

Energy transition

Greenhouse gas emissions target

Net Zero by 2050

Raised from ETM transaction

7.2 B

Output from renewable sources

~3,400 GWh3

We showed strong growth through our attributable renewables output, which grew 27% year-on-year.

Net Income

13.1 B3

Consolidated revenues

35.2 B3

Attributable EBITDA

14.3 B3

Completion of acquisition

Australia platform

100% owned by ACEN

Australia platform

New strategic partnerships

ib vogt PivotGen & UPC Solar & Wind Puri Usaha Group CleanTech Global Renewables

In focus

Energy Transition journey

Energy Transition journey

ACEN completes the world’s first market-based ETM transaction

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Annual Stockholders' Meeting

Annual Stockholders' Meeting

[WATCH] ACEN's stockholders' meeting held last April 24, 2023

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ACEN: Green Finance Leadership

ACEN: Green Finance Leadership

ACEN is the largest issuer of green bonds in the Philippines with over $1B green bonds raised.

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Maiden Peso-denominated Preferred Shares

Maiden Peso-denominated Preferred Shares

ACEN marked the issuance of its ₱25.0 billion perpetual preferred shares, listed on the PSE on September 2023.

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Investor news

ACEN announces roadmap to reach Net Zero emissions by 2050

ACEN announces roadmap to reach Net Zero emissions by 2050

ACEN is the first energy company in Southeast Asia to take this critical step towards achieving Net Zero.

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ACEN records P7.4 billion net income in 2023

ACEN records P7.4 billion net income in 2023

Taking out the impact of non-cash items, ACEN’s profitability increased 150 percent year over year, driven by a threefold growth in core operating earnings

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ACEN upgraded to “B” rating by CDP, reaffirms commitment to environmental transparency

ACEN upgraded to “B” rating by CDP, reaffirms commitment to environmental transparency

Renewables developer ACEN and the CEFC have joined forces to develop large-scale clean energy assets across Australia, powered by a $75 million CEFC investment that will accelerate an 8 GW clean energy portfolio that includes solar, wind, battery and pumped hydro.

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COP28: Philippines at the forefront of energy transition

COP28: Philippines at the forefront of energy transition

For the first time ever, signatories of the United Nations Framework Convention on Climate Change (UNFCCC) penned an agreement to “transition away from fossil fuels in energy systems, in a just, orderly and equitable manner.”

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