Alfa Solar Enerji Sanayi Ve Ticaret A.s. · BIST:ALFAS
Alfa Solar Enerji Sanayi Ve Ticaret A.s — Investor Presentation (June 2023)
37 slides from Alfa Solar Enerji Sanayi Ve Ticaret A.s's investor presentation, Jun 30, 2023
Slide 1: Investor Presentation January 1 - June 30, 2023
Your Sun, Your Energy, Your Technology INVESTOR PRESENTATION January 1- June 30 2023
Slide 2: Agenda
01 ABOUT ALFA SOLAR ENERGY 02 COMPANY ACTIVITIES 03 FINANCIAL AND OPERATIONAL INDICATORS 04 WHY ALFA SOLAR ENERGY 05 PLANNED INVESTMENTS AND TARGETS
Slide 3: About Alfa Solar Energy
01 ABOUT ALFA SOLAR ENERGY
Slide 4: Company Profile
Company Profile High quality solar power products for a carbon-free world Alfa Solar Energy has set an example to the world in the photovoltaic (PV) panel production facility with its experienced 1780 MWp* technical staff in the Kırıkkale OIS, with its real understanding of Annual Production Capacit
Slide 5: Brief History
BRIEF HISTORY 2011 2014 2015 2016 2017 The company was registered The construction of the main The company has increased its The company increased its paid- In 2017, the company increased its with the Ankara Trade Registry factory and machinery, which paid-in capital to TL 2,000,000 in capital to TL
Slide 6: Application to CMB for 700% bonus capital increase
2023 Application to CMB for 700% bonus capital increase The Company's current Registered Capital Ceiling of TL 200,000,000 has been increased to TL 4,000,000,000 and its validity period has been updated as 2023-2027. On May 3, 2023, 400% dividend was distributed to legal entity shareholders and 360%
Slide 7: Shareholding Structure
Shareholding Structure Alfa Solar Energy; continues its activities with the power it receives from its partners. SHARE IN SHARE IN CAPITAL PARTNER'S NAME-SURNAME/TRADE TITLE CAPITAL (TL) (%) %20 Alfa Kazan Energy and Environmental Investments Inc. 294.400.000 80% Public Shares 73.600.000 20% %80 Tot
Slide 8: Company Activities
QALFA COMPANY ACTIVITIES
Slide 9: PV Panel Production
PV Panel Production Production with advanced quality and high technology Alfa Solar manufactures photovoltaic solar panels, which are produced with many different cell technologies and sizes, and have different sizes and energy production values. It produces photovoltaic modules, which bring worldwi
Slide 10: PV Panel Sales
PV Panel Sales Loyal customer portfolio with solution partner approach The company is focused on its sole focus, solar panel production. By not operating in the field of solar power plant installation, it does not compete with the EPC companies that make up the largest customer portfolio and follows
Slide 11: PV Panel Sales
In addition to its own brand, Alfa Solar Energy makes OEM PV Panel Sales production for Turkiye's largest energy companies. The Company, which is preferred by large-scale energy companies operating in Turkey for its references and quality of OEM production, has allocated a significant portion of its
Slide 12: Investments
Investments Production-based investments and controlled growth approach New Factory Investment With the new factory investment, an increase of 1490 MWp was achieved in capacity.* At the beginning of the last quarter of 2022, the company completed the first phase investments of its new 1780 MWp facto
Slide 13: Investments: SPP Installation
Investments Generate your own electricity SPP Installation Alfa Solar Energy is planning to establish a SPP that will meet the electricity needs of the Main Factory and the New Factory and produce as much as consumption; Within the scope allowed by current legislation, it has started to work on inst
Slide 14: Financial and Operational Indicators
03 FINANCIAL AND OPERATIONAL INDICATORS
Slide 15: Financial Performance: Revenue
Financial Performance High revenue with ongoing capacity increases Revenue Mn (TL) Revenue Mn (TL) 1.500 1.385 06/2022 698 1.294 283% 1.201 06/2023 2.680 1.000 In the first half of 0 1.000 2.000 3.000 2023, compared to the same period of the previous year, The main reason for revenue increases; alon
Slide 16: Financial Performance: Gross Profit
Financial Performance Increase in gross profit with accelerated revenue growth Gross Profit Mn Gross Profit Margin 25 600 (TL) 568 20 358% %21,2 15 %17,8 10 400 In the first half of 5 2023, compared to the 0 same period of the 06/2022 06/2023 previous year, there was a 358% increase 200 in gross pro
Slide 17: Financial Performance: Net Profit
Financial Performance Revenues increase reflected in net "profit" Net Period Profit Mn Net Profit Margin 600 (TL) 20 529 %19,89 %19,75 280% 15 10 400 In the first half of 5 2023, compared to the 0 same period of the 06/2022 06/2023 previous year, there was a 280% increase 200 139 in net profit. The
Slide 18: Financial Performance: EBITDA
Financial Performance Operational profitability and strong EBITDA margin EBITDA Mn EBITDA Margin 600 (TL) 25 539 20 353% %20,12 15 %17,14 10 400 In the first half of 5 2023, compared to 0 the same period of 06/2022 06/2023 the previous year, there was a 353% 200 increase in EBİTDA 119 0 06/2022 06/2
Slide 19: Financial Performance: Debt-free financial structure
Financial Performance Profitable growth and debt-free financial structure Fixed Assets Equity Assets Liabilities Equity Mn (TL) 14.6% 37.7% 4.000 Short Term 3.456 30.06.2023 Liabilities 30.06.2023 59.6% 3.000 Long Term Liabilities Current Assets 2.7% 85.4% 2.154 Fixed Assets 2.000 1.970 14.1% Equity
Slide 20: Financial Performance: Net working capital
Financial Performance Strong balance sheet and high net working capital Cash and Cash Equivalents Financial İnvestments Receivables İnventories Net Working 681 890 1.250 1.216 Capital Mn (TL) 2.950 3.000 1.000 2.000 1.692 821 Current Assets Short Term 750 Liabilities 685 1.000 600 Mn (TL) 0 500 476
Slide 21: Financial Performance: Financial debt
Financial Performance Minimum financing burden with auto financing model 06/2023 Financial Debt Status Mn Long Term Financial Debts Financial Debt 300 (TL) Rates 267,3 34.1% Short-Term Portions of Short Term 200 Long-Term Financial Financial Debts Debts 61.4% 148 4.5% Financial Debt Ratio 100 8 %7,7
Slide 22: Financial Performance: Ratios
Financial Performance Efficient use of resources and high ratios Return On Equity (ROE) Annual Return On Assets (ROA) 125 %122 100 %101 RATİO 06/2022 12/2022 06/2023 75 %83 Current Ratio 1,19 1,67 1,43 50 %45 %42 25 Liquidity Ratio 0,88 1,2 0,80 %18 0 06/2022 12/2022 06/2023 Cash Ratio 0,49 0,84 0,6
Slide 23: Operational Performance: Production Amount
Operational Performance Increase in production and sales quantities with increasing capacity increases Production Amount (MWp) 200 181 171 191% 150 150 In the first half of 2023, compared to 100 the same period of the previous year, 65.4 there was a 191% 58.7 increase in 50 production amount. 0 2022
Slide 24: Operational Performance: Sales Amount
Operational Performance Increase in production and sales quantities with increasing capacity increases Sales Amount (MWp) 200 162.9 140% 160.3 161.4 150 In the first half of 2023, compared to the 100 same period of the previous year, there 67.9 58.1 was a 140% increase in sales amount. 50 0 2022/2Q
Slide 25: Operational Performance: Annual Production Capacity
Operational Performance Continuing capacity increases with the latest technological production line Annual Production Capacity (MWp) 1.500 Capacity Increase Rates %125 1780 1780 MWp 1.000 %172 Annual production 790,7 capacity reached with the commissioning of %55 the second phase of %100 500 the new
Slide 26: Operational Performance: Capacity Utilization
Operational Performance High capacity utilization rates The capacity utilization rate (%) 100 91,62 90 89,16 80 75,60 75 50 25 0 2022/2Q 2022/3Q 2022/4Q 2023/1Q 2023/2Q 26
Slide 27: Operational Performance: Workforce
Operational Performance Experienced and qualified workforce Employee Distribution (30.06.2023) Number of Employees 746 750 672 182% 75 %10 White-collar 500 In the first half of 2023, compared to the same period of the 264 previous year, there 250 was a 182% increase in number of 671 employees %90 Bl
Slide 28: Why Alfa Solar Energy
(QALFA 04 WHY ALFA SOLAR ENERGY
Slide 29: Value Added by Alfa Solar Energy to its Investors
Value Added by Alfa Solar Energy to its Investors Profitable Growth with Capacity increases to respond to increasing demand and business volume Increasing Increased revenue with the increase in the company's awareness and competence Investments 1.78 GWp production capacity 35 years of industry exper
Slide 30: Planned Investments and Targets
06 PLANNED INVESTMENTS AND TARGETS
Slide 31: Planned Investments: America/Europe
Planned Investments Alfa Solar Energy in America/Europe... There is an increasing demand for solar energy products within the scope of the decreasing solar energy costs, the ease of installation compared to other clean energy sources and the Net Zero Targets of the countries. Aiming to expand its sa
Slide 32: Planned Investments: Renewable energy
Planned Investments Renewable energy investments for sustainable growth Alfa Solar Energy aims to diversify its production portfolio on the path of sustainable growth. While doing this, it wants to continue its contribution to clean energy production and energy conversion. Realizing its investments
Slide 33: Planned Investments: Cell Production Investment
Planned Investments Cell Production Investment Alfa Solar Energy, one of the important supporters of localization in production, wants to add new technologies to itself with its cell investment. Planning to make a cell investment, the Company aims to achieve vertical integration and increase the rat
Slide 34: Goals: Expectations for 2023
Goals Expectations for 2023 EXPECTATIONS FOR 2023 Production Capacity (Average) 1120 MWp/Year Capacity Utilization Rate (Average) 80% Solar Panel Production and Sales Quantity (MWp) 896 MWp Revenue 7.500.000.000 TL Operating Profit 1.125.000.000 TL Net profit 1.250.000.000 TL Net Profit Margin 16% B
Slide 35: Legal Notice
Legal Notice This presentation has been prepared for informational purposes only, and contains forward-looking statements and statements that reflect the current views of the Company management regarding certain future events. The expectations and projections contained in these statements are believ
Slide 36: Contact Information
Contact Information Investor Relations Head Office Nazlı Gül Aktaş Balgat District Mevlana Boulevard No: Investor Relations Manager 139 A/31 Cankaya/Ankara Tel: +90 312 230 32 57 Tel: +90 312 230 32 57 investorrelations@alfasolarenerji.com info@alfasolarenerji.com 36
Slide 37: Till the Last Day the Sun Rises!
Your Sun, Your Energy, Your Technology Till the Last Day the Sun Rises!
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