Leader in Philippine Geothermal & Renewable Energy

PSE : EDCBloomberg: EDC:PM

www.energy.com.ph

Energy Development Corporation has over three decades of hands-on experience for the entire geothermalenergy development process - possessing end-to-end expertise that spans the entire geothermal value chain, fromexploration and development all the way to electricity production. We operate integrated geothermal projects(operating both steam fields and power plants) in the Philippines, spread across four geothermal concession areasfor a total installed capacity of 1,130 MW. Through our 60% equity interest in First Gen Hydro Power Corporation,we indirectly operate the 132 MW Pantabangan-Masiway Hydroelectric Power Plant in Luzon.

19.821.2

24.2 24.6

28.4

0.0

5.0

10.0

15.0

20.0

25.0

30.0

2008 2009 2010 2011 2012

Revenues

Electricity Steam

In B

illio

n P

eso

s

10.8 10.7

13.7 13.2

17.3

54% 50%57% 54%

61%

0.0

3.0

6.0

9.0

12.0

15.0

18.0

2008 2009 2010 2011 2012

EBITDA

In B

illio

n P

eso

s

8,427 8,274 7,549

6,847 7,033

-

2,000

4,000

6,000

8,000

10,000

2008 2009 2010 2011 2012

GW

H

Power Generation

Electricity Steam

GEOTHERMAL 1,130 MWHYDRO 132 MW

WIND 87 MW (under development)

For more information, please contact:

investors@energy.com.ph

+63 (2) 982-2140

INVESTOR FACT SHEET

ANALYST COVERAGE

ATR-Kim Eng Securities, Inc.Citigroup Global MarketsCitisecOnlineCLSA Philippines, Inc.Credit Suisse (HK) Limited Phils. BranchDaiwa Capital Markets Phils, Inc.Deutsche REGISJPMorgan Securities (Asia Pacific) LimitedMacquarie Securities (Philippines) Inc.Nomura International (HK) LimitedPhilippine Equity PartnersUBS Securities Philippines, Inc.

96%M1 average availability factor

98% M2 average availability factor

US$0.7 MillionGood valuation at US$/MW

US$220 MillionAcquisition cost

US$0.19 MillionGood valuation at US$/MW

US$ 28.25 millionAcquisition cost

Jun 2009Turn over of 106 MW Mindanao BOT power plants

Sept. 2009Won bid for 305 MW Tongonan-Palinpinonpower plants

May 2010Won bid for 150 MW Bacman power plants

+561 Megawatts

WE GREW OUR POWER GENERATION CAPACITY BY 88%BY ACCOMPLISHING ALL ACQUISITION AND TURN OVER TARGETS

Southern Negros

112.5 MW Palinpinon I80 MW Palinpinon II

Mindanao

52 MW Mindanao I54 MW Mindanao II

Pantabangan

120 MW Pantabangan

Bacman

110 MW Bacman I20 MW Bacman II

Masiway

12 MW Masiway

125 MW Upper Mahiao232.5 MW Malitbog

180 MW Mahanagdong

50.9 MW Optimization

Leyte

Burgos

87 MW Burgos

Leyte

112.5 MW Tongonan

Hydroelectric power plant (EDC subsidiary) – 132 MW

Integrated geothermal steam field and power plant – 694.4 MW

Geothermal steam field (EDC) and power plant (EDC subsidiary) - 435 MW

Wind (under development) – 87 MW

Leader in Philippine Geothermal & Renewable Energy

Operational Highlights

FY 2010 FY 2011 FY 2012

GEOTHERMAL POWER PLANTS

Production (GWh)Revenues (P millions)EBITDA (P millions)

7,200.022,013.411,701.6

6,560.922,132.111,238.9

6,585.523,615.312,926.1

HYDRO POWER PLANTS Production (GWh) *Revenues (P millions) **EBITDA (P millions)

348.52,139.51,795.4

286.52,407.52,070.9

447.84,753.34,246.5

DRILLING SERVICESRevenues (P millions)***EBITDA (P millions)

748.7250.9

712.8(72.3)

660.7157.7

TOTALProduction (GWh)Revenues (P millions)EBITDA (P millions)

7,548.624,152.913,747.9

6,847.424,539.613,237.5

7,033.328,368.617,330.3

* - excludes volumes from sale of ancillary service** - for 2012, includes P2,328 M revenue from ancillary services and

P377 M from sale of electricity to BGI’s customer; for 2011, includes P1,106 M revenue from ancillary services and P17 M from sale of electricity to BGI’s customer

*** - revenues from drilling services are presented as part of net income from discontinued operations

CAPITAL STRUCTURE Dec. 31, 2012

Common Shares Outstanding 18,750,000,000

Daily Average Volume (90 days) 22,844,512

Market Capitalization P126,563 Million

Cash and Cash Equivalents P11,420.1 Million

Total Assets P94,303.2 Million

Long-term Debt P49,049.9 Million

Key Investment Highlights

Stable and predictable long-term contracted cash flows

Producer of clean, renewable and competitively-priced energy

Diversified portfolio of renewable generating assets

Significant geothermal reserves and expertise spanning the entire geothermal value chain

Proven track record of operational excellence

Experienced management and technical teams

Leyte11,066

Mindanao1,986

Tongonan I3,412

Palinpinon 7,151

Pantabangan-Masiway

4,753

2012 REVENUES(P millions)

FY 2012

EDC posted strong revenues and EBITDA from subsidiaries.

• 29.0% increase in GCGI revenues from Palinpinon and Tongonan I plants due to increased tariff (as per agreed contracts) and volume

• 97.4% increase in FG Hydro’s revenues from Pantabangan-Masiway plants due to sale of ancillary services

INVESTOR FACT SHEET

Note: Excludes Bacman, NNGP and Others LBITDA amounting to P1,650.27 M, P263.41 M and P199.65 M, respectively.

PSE : EDCBloomberg: EDC:PM

www.energy.com.ph

Leyte6,859

Mindanao871

Tongonan I2,222

Palinpinon 5,087

Pantabangan-Masiway

4,246

Drilling Services

158

2012 EBITDA(P millions)

Note: Revenues from drilling services are presented as part of net income from discontinued operations