Aksa Enerji Uretim A.s. · BIST:AKSEN
Aksa Enerji Uretim A.s — Q1 2021 Earnings Presentation
15 slides from Aksa Enerji Uretim A.s's earnings presentation, May 11, 2021
Slide 1: 1Q 2021 Earnings Presentation
1Q 2021 Earnings Presentation 11 May 2021
Slide 2: Key Highlights – 1Q21
STELLAR PERFORMANCE WITH > 25% OF 2021 ANNUAL TARGETS ALREADY ACHIEVED IN 1Q21… Key Highlights – 1Q21 TL million 1Q21 1Q20 y/y 1Q21 vs 1Q20 Net Sales 2,144 1,847 16% EBITDA 483 371 30% Net Income 208 74 179% Net Financial Debt 2,697 2,632 (*) 2% 1Q21 4Q20 q/q 1Q21 vs 4Q20 Net Sales 2,144 1,963 9% EB
Slide 3: Regional Breakdown
FOREIGN OPERATIONS’ CONTRIBUTION TO EBITDA AT 61% Regional Breakdown TL million Domestic Foreign Share of Foreign 17% Quarterly- 1Q21 Net Sales 1,783 362 EBITDA 187 296 61% Profit Before Tax 66 196 75% Note: Foreign operations include Africa operations only. Northern Cyprus and export operations to
Slide 4: Regional Breakdown
FX BASED PRICE TARIFFS IN AFRICA AND NORTHERN CYPRUS SUPPORTIVE OF OPERATIONS Regional Breakdown Domestic Foreign Total Quarterly- 1Q21 Sales Volume (GWh) 5,309 202 5,511 Sales Price (TL/MWh) 354 1,891 410 Note: Company internal data. Excludes intercompany eliminations applied in CMB financials. Sal
Slide 5: Sales Channel Breakdown
TURKISH MARKET DRIVING VOLUME, AFRICAN MARKET DRIVING MARGINS.. Sales Channel Breakdown Sales Volume by Channel (1Q21) Sales Price by Channel (TL/MWh) Includes 105 GWh & 103 1,891 GWh export to Iraq and Georgia respectively 4% 3% 176 202 GWh GWh 1,123 34% 920 1,886 820 GWh 57% 343 292 332 316 103 3,
Slide 6: Bolu PP Key Highlights
MEETING 1% OF TURKEY’S POWER DEMAND Bolu PP Key Highlights Energy Source: Lignite Coal Installed Capacity: 270 MW Generation (Gross): 520 GWh (1Q21) CUR: 89% (1Q21) Capacity Payment: 15 MM TL (1Q21) EÜAŞ Lignite PPA Price: 406 TL/MWh (1Q21) • Bolu PP sold 67% of its generation to EÜAŞ (state- Sales
Slide 7: Antalya PP Key Highlights
SIGNIFICANT RECOVERY IN CAPACITY UTILIZATION DUE TO FAVORABLE OPERATING ENVIRONMENT Antalya PP Key Highlights Energy Source: Natural Gas Installed Capacity: 900 MW Generation (Gross): 1,226 GWh (1Q21) Capacity Payment: 19 MM TL (1Q21) CUR: 69% (1Q21) • Base load power plant with high efficiency rati
Slide 8: Northern Cyprus PP Key Highlights
USD BASED CAPACITY CHARGE SUPPORTIVE OF MARGINS Northern Cyprus PP Key Highlights Energy Source: Fuel Oil Installed Capacity: 153 MW Generation: 178 GWh CUR: 54% PPA Price: 920 TL/MWh (1Q21) Contract Expiry: 2024 (+3 year extension option) • Northern Cyprus PP benefits from USD based guaranteed capa
Slide 9: Overseas Operations Key Highlights
LONG TERM INVESTMENT PLANS ON TRACK Overseas Operations Key Highlights • Ghana PP benefits from USD based guaranteed capacity charge for 332 MW out of 370 MW installed capacity • On top of that, PP generates revenues from routine sales activity via spot market • Ghana engine conversion to dual fuel
Slide 10: Uzbekistan Project - Key Highlights
740 MW POWER PLANTS IN UZBEKISTAN TO BE OPERATIONAL BY 2021 YE Uzbekistan Project - Key Highlights • 25 year power purchase agreement (PPA) including guaranteed capacity payment in USD terms signed with the Ministry of Energy of Uzbekistan TO BE COMPLETED IN 12 MONTHS on May’20 regarding 240 MW natu
Slide 11: Congo Project - Key Highlights
100 MW GAS POWER PLANT’S OPERATING RIGHTS OBTAINED IN JAN’21 Congo Project - Key Highlights • On 21 January 2021, Aksa Enerji Üretim A.Ş.’s 100% subsidiary Aksa Energy Company Congo has signed a concession agreement with Republic of Congo about obtaining operating rights of a 50 MW natural gas power
Slide 12: Consolidated Summary Income Statement
ANNEX Consolidated Summary Income Statement 1Q21 1Q20 y/y MM TL Net sales 2,144 1,847 16% Cost of sales (1,748) (1,548) 13% Gross Profit 396 299 33% General & administrative costs (25) (25) 0% Marketing expenses (1) (1) 67% Other operating income 8 0.5 1608% Other operating expenses (7) (5) 35% Oper
Slide 13: Consolidated Summary Balance Sheet
ANNEX Consolidated Summary Balance Sheet 1Q21 2020 ytd MM TL Cash and cash equivalents 43 314 -86% Trade receivables 2,927 2,706 8% Inventories 151 138 9% Total Current Assets 3,449 3,464 0% PP&E 6,061 5,655 7% Intangibles 129 116 11% Total Non-current Assets 6,370 6,039 5% Total Assets 9,818 9,503
Slide 14: Contact- Investor Relations
Contact- Investor Relations Pınar SAATCIOĞLU Head of Investor Relations and Corporate Communications pinar.saatcioglu@aksa.com.tr +90 216 681 1053 Rüzgarlıbahçe Mh. Özalp Çıkmazı No:10 Kavacık / Beykoz, Istanbul 14
Slide 15: Disclaimer
Disclaimer Aksa Energy has prepared this presentation for the sole purpose of providing information, which contains forward-looking statements that reflect the Company management’s current views with respect to certain future events. Although it is believed that the expectations reflected in these s
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