Aksa Enerji Uretim A.s. · BIST:AKSEN
Aksa Enerji Uretim A.s — H1 2021 Earnings Presentation
15 slides from Aksa Enerji Uretim A.s's earnings presentation, Aug 18, 2021
Slide 1: 1H 2021 Earnings Presentation
1H 2021 Earnings Presentation 18 August 2021
Slide 2: Key Highlights – 1H21
RECORD - HIGH INCOME POSITIVELY IMPACTED BY RECOVERY IN DOMESTIC OPERATIONS Key Highlights – 1H21 TL million 2Q21 2Q20 q/q Quarterly- 2Q21 vs 2Q20 Net Sales 2,620 1,620 62% EBITDA 616 337 83% Net Income 280 148 90% Net Financial Debt 2,886 2,632 (*) 10% 1H21 1H20 y/y Cumulative-1H21 Net Sales 4,764
Slide 3: Regional Breakdown
FOREIGN OPERATIONS’ CONTRIBUTION TO EBITDA AT 59% Regional Breakdown TL million Domestic Foreign Share of Foreign 16% Quarterly- 2Q21 Net Sales 2,190 430 EBITDA 263 353 57% Profit Before Tax 181 237 57% TL million Domestic Foreign Share of Foreign 17% Cumulative-1H21 Net Sales 3,972 792 EBITDA 450 6
Slide 4: Regional Breakdown
FX BASED PRICE TARIFFS IN AFRICA AND NORTHERN CYPRUS SUPPORTIVE OF OPERATIONS Regional Breakdown Domestic Foreign Total Quarterly- 2Q21 Sales Volume (GWh) 5,204 265 5,469 Sales Price (TL/MWh) 428 1,616 485 Domestic Foreign Total Cumulative- 1H21 Sales Volume (GWh) 10,513 467 10,980 Sales Price (TL/M
Slide 5: Sales Channel Breakdown
ACROSS THE BOARD RECOVERY IN SALES PRICES Sales Channel Breakdown Sales Volume by Channel (1H21) Sales Price by Channel (TL/MWh) Includes 294 GWh & 103 GWh export to Iraq and 1,735 Georgia respectively 4% 3% 354 1,515 467 GWh GWh 1,031 35% 3,795 748 GWh 57% 373 363 136 6,228 295 266 267 283 GWh GWh
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): 1,059 GWh (1H21) CUR: 90% (1H21) Capacity Payment: 36 MM TL (1H21) EÜAŞ Lignite PPA Price: 416 TL/MWh (2Q21) • Bolu PP sold 70% of its generation to EÜAŞ (state- Sale
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): 2,455 GWh (1H21) Capacity Payment: 46 MM TL (1H21) CUR: 73% (1H21) • 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: 360 GWh CUR: 54% PPA Price: 1,031 TL/MWh (1H21) Contract Expiry: 2024 (+3 year extension option) • Northern Cyprus PP benefits from USD based guaranteed ca
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 1H21 1H20 y/y MM TL Net sales 4,764 3,467 37% Cost of sales (3,859) (2,889) 34% Gross Profit 905 578 57% General & administrative costs (47) (59) -20% Marketing expenses (2) (1) 155% Other operating income 12 4 173% Other operating expenses (16) (17) -2% O
Slide 13: Consolidated Summary Balance Sheet
ANNEX Consolidated Summary Balance Sheet 1H21 2020 ytd MM TL Cash and cash equivalents 466 314 48% Trade receivables 3,127 2,706 16% Inventories 155 138 12% Total Current Assets 5,242 3,464 51% PP&E 6,430 5,655 14% Intangibles 164 116 42% Total Non-current Assets 6,768 6,039 12% Total Assets 12,009
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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