ACWA Power (2082) Capital Markets Forum Hong Kong 2025 presentation summary

Market leadership and growth trajectory

• Largest private power producer in the Middle East and the world's top desalinated water producer, with a pioneering role in large-scale green hydrogen projects.

• Achieved 35 GW of gross renewable capacity in 2024, up from less than 300 MW in 2014, reflecting a strong CAGR and rapid portfolio expansion.

• Manages 101 assets across 14 countries, with SAR 403 billion in assets under management and 78.9 GW of gross power capacity, 47% of which is renewable.

• Portfolio is young (65% of assets under 5 years), diversified across geographies and technologies, and 92% of installed capacity is low CO2 generation.

Integrated business model and financial performance

• Operates a full life-cycle model: develop, invest, operate, and optimize, with a focus on innovation, cost leadership, and digitalization.

• Returns are generated through project management, advisory fees, shareholder distributions, and capital optimization, with historical IRRs above mid-teens.

• 99% of project costs are contracted, with 77% investment grade jurisdictions and 96% USD-indexed or pegged currencies, ensuring resilient cash flows.

• Robust risk management and contractual frameworks provide protection and mitigate operational and financial risks.

• Demonstrated strong financial track record: 9% CAGR in operating income, 5% CAGR in adjusted net profit, and 21% CAGR in parent operating cash flow (2021-24).

Strategic vision and sustainability

• Ambitious growth strategy aims to triple assets under management to $250bn by 2030, targeting global top 3 positions in renewables, water, and flexible generation.

• Aligned with Saudi Vision 2030, supporting the Kingdom's goal of 50% renewables share by 2030 and driving economic diversification.

• Leading developer in KSA's renewables program, with a 103 GWac opportunity by 2030 and a robust international pipeline.

• Heavy investment in digital transformation, leveraging AI and IoT for operational efficiency, safety, and innovation.

• Achieved significant cost and efficiency improvements in desalination and solar technologies, reducing tariffs and power consumption.