Biotrend Cevre Ve Enerji Yatirimlari As · BIST:BIOEN
Biotrend Cevre Ve Enerji Yatirimlari As — Biotrend Çevre ve Enerji Yatırımları A.Ş. — Investor Presentation (December 2022)
34 slides from Biotrend Cevre Ve Enerji Yatirimlari As's investor presentation, Dec 31, 2022
Slide 1: Investor Presentation
Investor Presentation 31 December 2022
Slide 2: Ajanda
02 Ajanda Company Overview Financial Overview Q&A Annex
Slide 3: Presenters
03 Presenters Osman Nuri Vardı Burak Polat Gözde Çivici Vice Chairman of the CFO, ACCA, SMMM Investor Relations Board of Directors & Director and Secretary CEO General • 2022-2023 Doğanlar Mobilya Group-CFO • 2020-2021 TSKB – Corporate Finance Senior • 2017 Biotrend Energy, Founder and Vice Chairman
Slide 4: 1. Company Overview
1. Company Overview
Slide 5: Developments in 2022
Company Overview 05 Developments in 2022 Significant progress in capacity increase of Upcycling Facility Investment in collaboration Carbon Credit Contract signed with Mundo Application to EMRA for Electricity Storage facilities with Honeywell Verde Doğanlar Yatırım Holding A.Ş., the Company’s In Oc
Slide 6: Developments in 2022
Company Overview 06 Developments in 2022 Issuance of a Sustainable Lease Certificate The ratio of women on the Board of Directors The only Turkish company included in the A Sustainability Office was established, and reached 33% and Biotrend became a signatory United Nations Industrial Development Bi
Slide 7: Shareholding Structure
Company Overview 07 Shareholding Structure Biotrend Shareholding Structure About Doğanlar Holding A.Ş. 5.9% European Bank For Reconstruction & Development (EBRD) 37.8% Publicly Traded 54.5% Doğanlar Holding 1.8% Osman Nuri Vardı Source: KAP *Doğanlar Mobilya Grubu (Doğtaş Kelebek ) with its old name
Slide 8: 2022 - Biotrend at a Glance
Company Overview 08 2022 - Biotrend at a Glance Total Facilities * Waste Disposal Average remaining YEKDEM term Other existing and planned activities other than energy Total Installed Capacity production** 100% of our facilities in production benefit from the old YEKDEM CO2 Emission Prevention Carbo
Slide 9: Growth-Oriented Business Model
Company Overview 9 Growth-Oriented Business Model 19 18 12 1.231 39% 8 5 33% 33% 33% 427.7 481.6 245.3 92.1 82.2 140.9 30.7 2018 2019 2020 2021 2022 2019 2020 2021 2022 Total Number of Plants EBITDA Margin Net Sales EBITDA *2019-2022 **2021-2022 181.3 181.3 29% 530.34 118.3 37% 411,10 149% 300.19 71
Slide 10: Biotrend Facilities
Company Overview 10 Biotrend Facilities Giresun Bursa Çanakkale (2 facilities) Sivas (2 facilities) Balıkesir (2 facilities) 11 6 Integrated waste BPP Aksaray management and BPP** İzmir Uşak (3 facilities) Malatya (3 facilities) Aydın (2 facilities) Hatay 1 1 Solid fuel Greenhouse preparation * Incl
Slide 11: Fields of Operation
Company Overview 11 Fields of Operation Energy Sanitary Generation Landfill Plastic Pollution Biogas Solutions Production Chemical Landfill Gas Upcycling Production Refuse-Derived Greenhouse Fuel Farming Heat Sales Compost Production Mechanical Solar Electricity Carbon Trading Separation and Generat
Slide 12: Fields of Operation: Current and Planned Operations
Company Overview 12 Fields of Operation Current Operations Planned Operations Energy Generation Integrated Energy Management Biogas and Biomass Electricity Storage Solar Electricity Generation Integrated Waste Management Heat Sales Sanitary Landfill Greenhouse Farming Fuel Production Compost Chemica
Slide 13: Our Strategy and Growth Goals
Company Overview 13 Our Strategy and Growth Goals • Ensuring maximum use of • Seizing opportunities with • Evaluating various acquisition • Cyclical raw material sales available licensed power strategic global partnerships opportunities in Turkey and started at Bergama and Uşak generation capacity a
Slide 14: Carbon Credit Projects Overview
Company Overview 14 Carbon Credit Projects Overview Carbon Credit Projects Carbon Credit Projects • Carbon Credit Projects started as of 2021 with the Harmandalı, # SPV Facility Name Certification Program Balıkesir and Uşak facilities. 1 Doğu Star Malatya- 1 Landfill Gas (Orduzu) • Greenhouse gas re
Slide 15: Sustainability Approach
Company Overview 15 Sustainability Approach Sustainability Strategy In coordination with the Company strategy, Biotrend has built on alignment with the 2030 and 2050 goals compatible with the green, circular, and digital transformation requirements as per the United Nations 2030 Sustainable Approach
Slide 16: Sustainability Approach
Company Overview 16 Sustainability Approach Approach: In 2023, Biotrend will implement biodiversity Approach: Biotrend is committed to doing business with the Approach: Biotrend aims to become the locomotive programs to be carried out jointly with universities and non- principles of inclusiveness, e
Slide 17: Sustainability Management
Company Overview 17 Sustainability Management CFA Climate Finance Accelerator Establisment of Sustainability Office, Program– UN GC Climate Ambition Establishment of the Sustainability Program Committee, Efforts to Participate in Borsa İstanbul Sustainability Index and Corporate Governance Index We
Slide 18: Climate Finance Accelerator Program 2022
Company Overview 18 Sustainability – UN GC - Climate Ambition Accelerator Program: 2022-2023 – Climate Finance Accelerator Program 2022 European Union’s 2050 carbon neutral target Turkey’s 2053 net zero target Under CFA (Climate Finance Accelerator) Program, among apprx.100 projects Biotrend was cho
Slide 19: 2. Financial Overview
2. Financial Overview
Slide 20: Revenue
Financial Overview 20 Revenue 1,230.9 408,3 188% 145.1% 74% 166% 427.7 166,6 245.3 92.1 2019 2020 2021 2022 2021 Q4 2022 Q4 86% 1.230,9 38% 70% 38% 408,3 367 12% 5% 302 166.6 427.7 120 15 106.3 134.2 2021 FX Impact Increase in Other 2022 2021 Q4 FX Impact Increase in Production Other 2022 Q4 Product
Slide 21: Profitability
Financial Overview 21 Profitability 34.6% Gross Profit Margin% 47.1% Gross Profit Margin% 425.9 192.5 245% 206% 28.8% 37.7% 82% 27.6% 29.8% 123.3 62.8 147% 67.8 27.4 2019 2020 2021 2022 2021 Q4 2022 Q4 54.2% 39.1% EBITDA Margin % EBITDA Margin % 221.5 481.6 242% 33.0% 41.2% 223% 33.5% 72% 33.4% 68,7
Slide 22: COGS & Operating Expenses
Financial Overview 22 COGS& Operating Expenses COGS / Revenue% Operating Expenses / Revenue % 71.2% 65.4% 3% 3% 8% 5% 7% 11% 9.9% 6.6% 4% 8% 14% 9% 11% 45.4% 52.5% 12% 61% 11.0% 6.3% 44% 15.8% 16.1% 27.9% 25.1% 2021 2022 2021 2022 Municipality Turnover Share Depreciation and Amortization Personnel E
Slide 23: Operating Profit (million TRY)
Financial Overview 23 Operating Profit (million TRY) 30.4 -32,4 28,3 69.3 83.3 38.9 371.4 50.9 343.1 Operating Profit FX gain/loss Operating Profit excluding FX Operating Profit FX gain/loss Operating Profit Operating Profit FX gain/loss Operating Profit Impact excluding FX Impact excluding FX Impac
Slide 24: Net Profit
Financial Overview 24 Net Profit 197.2 311.3 24.6 24.6 6.4 34.8 23.4 2.7 25.3 4.0 2019 2020 2021 2022 2019 2020 2021 2022 Profits before tax (exc.one-off) One-off subsidiary sale profit Net Profit (exc.one-off) One-off subsidiary sale profit
Slide 25: Investments
Financial Overview 25 Investments 1.700,6 1.146,1 894,3 823.7 436,1 898.2 221.6 638.2 174,5 171.8 282.0 2.7 214.5 70.6 554.5 104.4 2019 2020 2021 2022 2019 2020 2021 2022 Ongoing Investments Fixed Assets excl.Ongoing Investments • Foreign currency equivalents of investments 2019: 30.73, 2020: 67.99,
Slide 26: Net Financial Debt
Financial Overview 26 Net Financial Debt Net Financial Indebtedness (TRY million) 31.12.2021 31.12.2022 Short-Term Bank Loans 0.1 - Short-Term Portion of Long-Term Bank Loans 189.1 441.7 Other Short Term Financial Indebtedness 2.3 3.1 Short-term financial indebtedness 191.5 444.9 Long-Term Bank Loan
Slide 27: 2023 Guidance
027 Financial Overview 2023 Guidance Total Consolidated Revenues Installed Capacity (MWe) Average Installed Capacity (MWe) Gross Electricity Generation (MWh) Net Electricity Generation (MWh) Electricity Capacity Utilisation Rate Net Financial Debt/ EBITDA
Slide 28: 3. Q&A
3. Q&A
Slide 29: 4. Annexes
4. Annexes
Slide 30: Balance Sheet
Annexes 30 Balance Sheet Million TRY Cash and Cash Equivalents 31.12.2020 101,8 31.12.2021 170,9 31.12.2022 27,6 Trade Receivables 30,2 104,4 336,4 Stocks 4,4 63,7 116,7 Prepaid expenses 63,9 242,7 547,7 Other 36,6 101,3 139,4 Current Assets 236,9 682,9 1.167,8 Investments Accounted for Using Equity
Slide 31: Income Statement
Annexes 31 Income Statement Million TRY 31.12.2020 31.12.2021 31.12.2022 Revenue 245,30 427,70 1.230,87 Cost of Sales -177,50 -304,37 -805,00 Gross Profit 67,80 123,34 425,88 General Administrative Expenses -20,80 -39,91 -78,33 Marketing Expenses -1,10 -2,56 -3,38 Other Operating Income 67,10 22,23
Slide 32: Awards
Annexes 32 Awards Bronze Award in the Sustainable Energy category at Turkey’s Happiest Workplace” Award in the Renewable “Renewable Energy Brand of the Year” award at the Energy and Natural Resources Summit Our Energy is Our the EBRD Sustainability Awards 2022 Energy industry Turkey Innovation and S
Slide 33: Disclamier
Annexes 33 Disclamier The information contained in this presentation is party industry publications, studies and research Therefore, all industry, market or competitive constitute the basis of any legal agreement or provided by Biotrend Çevre ve Enerji Yatırımları A.Ş generally state that the data c
Slide 34: Thank you
yatirimci.iliskileri@biotrendenerji.com.tr Biotrend Investor Relations +90 216 693 03 80 Gözde Çivici www.biotrendenerji.com.tr Investor Relations Director & Secretary General Aysun Vardan Investor Relations Manager Thank you
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