Overview

Company Overview 

We are a leading private developer, investor and operator of 64 power generation and water desalination projects in operation, construction and advance development with an overall estimated portfolio size of SAR 248 billion at project cost as of 1 June 2021. As a proud Saudi national champion, we play a central role in the Kingdom's energy transition, all the while carrying Saudi Arabia's flag globally in 13 countries on three continents. 

Our unique “Develop-Invest-Operate-Optimize” business model encompasses the entire lifecycle of an asset. We develop projects, invest in them, operate them, and continually look into how we can optimize their financial structures to allow us to allocate and extract returns across the lifecycle of the asset

Our overall strategy is to be at the forefront of energy transition by delivering reliable and responsible power, desalinated water and green hydrogen at low cost in the Kingdom of Saudi Arabia, the wider GCC and attractive high-growth markets based on a de-risked and contracted business model.

Our Investment Proposition

We have a compelling equity story founded on solid competitive strengths that include our project development mastery underpinned by the "ACWA Power Total Solution"; high-quality contracted portfolio with diversified cashflows; business model configured to extract returns across the project’s lifecycle; seasoned management with strong in-house multi-disciplinary team of experts; critical mass in high-growth markets with visible growth pipeline; and long-term buy-in from strategic shareholders.

Market: Leader in high growth attractive markets
  • Strongly positioned in high growth markets and to play a central role in KSA’s energy transition
  • #1 in its home and key market, the KSA, and a fundamental piece of the country's energy policy
  • Adding value pre- and post-bidding by unlocking technologies and providing a total solution
  • Leading market shares in KSA, GCC, Morocco and Jordan with overall win-ratio of 68% in all markets
ESG: Energy transition enabler with a strong ESG framework
  • Strong ESG framework and credentials
  • Focus on low CO2 projects and climate adaptation (e.g. efficient water desalination)
  • Rapidly rising share of renewables generation (c. 82% CAGR from 2014 – Jun-21)
  • Active in the energy transition with a commitment to no further investments in coal
  • KSA Vision 2030 National Renewable Energy Programme
De-risked Business Model & Strategy: Contracted, diversified, resilient and visible cash flows
  • 100% contracted business model underpinned by long-term and diversified P(W)PAs
  • Predominantly 93%+ USD-indexed contracts(1) with investment grade and / or sovereign off-takers
  • Average portfolio remaining contracted life of 22 years(2) with significant post P(W)PA opportunities
  • Distinguished business model supported by a strong investment approach, the "total ACWA Power solution" and a de-risked business profile during the life of the projects
  • Price setter and cost leader across all technologies

Noes: (1) Of total project cost. (2) Weighted by project cost. Includes advanced development assets.

NOMAC – Accretive operational platform
  • Wholly-owned O&M subsidiary and a key source of value creation
  • Stable long-term income and super-senior cash flows
  • Centralised model with cutting edge technology adding value across the value chain
  • Consistent high standards and culture of safety
Financials: Superior returns across the lifecycle
  • Total return concept offering premium economics across the value chain
  • Efficient cycle of investment, portfolio optimisation and operational synergies boost returns
  • Strong profitability & cash flow generation
  • Efficient capital structure with sustainable parent leverage profile
ASSETS

64

ASSETS
GW POWER

41.6

GW POWER1
DAY WATER

6.4Mn

M3 / DAY WATER1
Portfolio Size

66 Billion

PORTFOLIO SIZE2
Renewable

33% (Cost)

RENEWABLE3
De-carbonized

77% (Cost)

DE-CARBONIZED4
COUNTRIES

13

COUNTRIES
EMPLOYEES

3,500~

EMPLOYEES
LOCAL EMPLOYMENT

60%

LOCAL EMPLOYMENT

1 Contracted power generation and water desalination capacity of operational, under construction, and advanced development projects. | 2 Total project cost of operational, under construction, and advanced development projects. | 3 Share of solar and wind energy sources in total gross capacity. | 4 Share of solar, wind and gas energy sources in total gross capacity. | All figures as of June 2021.

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INFORMATION ON ACWA39ACWA39 (“The Bonds”) was issued by ACWA Power Management and Investments One Limited (the “Issuer”), a limited SPV company incorporated under the laws of the Dubai International Financial Centre (“DIFC”) as a wholly owned subsidiary of International Company for Water and Power Projects (“ACWA Power”), a joint stock company organized under the laws of the Kingdom of Saudi Arabia. The Bonds are ring-fenced and non-recourse to ACWA Power. Refer to the Bonds Offering Memorandum for more information that is available under Fixed Income/Bond Data on the website.

  • CONTACT INVESTOR RELATIONS
ACWA Power's IR Desk

ACWA Power's IR Desk

IR@acwapower.com

Director – Investor Relation

Mr. Ozgur Serin

Executive Director – Investor Relations

Oserin@acwapower.com

+971 4 364 8369

Senior Manager – Investor Relations

Mr. Zameel Kasim

Senior Manager – Investor Relations

zkasim@acwapower.com

+966 11 283 5546