Galata Wind Enerji A.s. · BIST:GWIND
Galata Wind Enerji A.s — Q2 2023 Earnings Presentation
23 slides from Galata Wind Enerji A.s's earnings presentation, 2023
Slide 1: Investor Presentation Q2 2023
Investor Presentation Q2 2023 1
Slide 2: Second Quarter Subsequent Events
Second Quarter Subsequent Events First Sustainability Report Published in accordance with the international GRI Standards 2021 version and includes an index, it is the first Sustainability Report published in the energy sector with a sectoral SASB index. S&P ESG Evaluation S&P (Standard & Poor's
Slide 3: Index
Index 1 - TURKEY ENERGY MARKET 2 - OPERATIONAL DATA 3 - FINANCIAL DATA 3
Slide 4: Turkey Energy Market
O| TURKEY ENERGY MARKET GALATAWIND J
Slide 5: Turkey Installed Capacity | June 2023
Turkey Installed Capacity | June 2023 Total: 104.903 MW Installed Capacity SOLAR FUEL 0% TOOR BOT 9% COAL UNLICENSED 3% 0% PRODUCTION COMPANIES 21% HYDRO 31.588 9% WIND 11% 71.098 EÜAŞ INSTALLED CAPACITY NATURAL GAS 24.782 20% INSTALLED BY ENERGY CAPACITY BY RESOURCES ENERGY UTILITIES 24% COAL 22.39
Slide 6: Turkey Installed Capacity | December 2022 / June 2023
Turkey Installed Capacity | December 2022 / June 2023 +16 December 2022 INSTALLED CAPACITY BY ENERGY RESOURCES (MW) June 2023 31.572 31.588 -297 +317 25.079 24.782 22.079 22.396 +170 +770 11.396 11.566 +110 9.425 10.195 +8 4.000 4.110 258 266 HYDRO NATURAL GAS COAL WIND SOLAR GEO/BIO FUEL +310 INSTA
Slide 7: Turkey Energy Generation | June 2023
Turkey Energy Generation | June 2023 Total: 150.175 MWh Energy Generation TOOR BOT SOLAR FUEL UNLICENSED GEO/BIO 6% 0% EÜAŞ 4% 1% 0% 6% COAL 53.732 12% PRODUCTION COMPANIES WIND 10% COAL 36% 123.259 GENERATION HYDRO 29.422 GENERATION BY BY ENERGY ENERGY UTILITIES RESOURCES 20% NATURAL GAS 33.056 TUR
Slide 8: Turkey Energy Generation | June 2022/2023
Turkey Energy Generation | June 2022/2023 GENERATION BY ENERGY RESOURCES (MWh) June 2022 June 2023 +2.988 -8.971 50.744 53.732 -4.164 42.027 33.056 33.586 -965 29.422 +184 +1.495 16.531 15.566 -46 9.358 9.542 7.045 8.540 363 317 COAL HYDRO NATURAL GAS WIND GEO/BIO SOLAR FUEL -2.728 GENERATION BY ENE
Slide 9: Turkey Energy Market | Electricity Consumption
Turkey Energy Market | Electricity Consumption As of March 2023, electricity consumption has decreased as 4.2% compared to the previous year. 332.871 328.719 304.167 303.320 306.109 296.702 279.286 265.724 257.220 242.370 246.357 230.306 210.434 198.085 194.079 -4,2% 162.377 155.595 2008 2009 2010 2
Slide 10: Electricity Prices (2022 – 2023 PTF/AUF)
Electricity Prices (2022 – 2023 PTF/AUF) TL/MWh AVG. PRICES: 2022: 2.506 – 2022CAP: 1.426 – 2023 / 6 Month: 2.277 – 2023CAP / 6 Month: 1.713 4.000 3.431,0 3.470,0 3.438,3 2022 Actual 3.500 3.066,6 3.850,6 2.803,0 3.724,4 2022 CAP 3.000 2.126,0 1.830,6 1.907,0 2.330,4 2023 Actual 2.500 2.340,1 1.771,
Slide 11: Operational Data
O? OPERATIONAL DATA GALATAWIND 9°
Slide 12: Galata Wind Portfolio
Galata Wind Portfolio Çorum SPP (Unlicensed) Taşpınar WPP Operational since March 2021 Şah WPP Mersin WPP Erzurum SPP 17th Biggest WPP Among first three WPP in Turkey in (Unlicensed) in Turkey terms of efficiency Mersin RES Şah RES Taşpınar RES Çorum GES Erzurum GES TOTAL Installed Capacity 62,7 MW
Slide 13: Key Operational Figures – WPP & SPP
Key Operational Figures– WPP & SPP Capacity Usage Factor % WWP Generation - GWH 50% 800 690 45% 700 600 547 Galata Wind GWh 514 40% 741 500 35% 400 300 345 30% 304 200 327 344 322 333 95,1 25% 100 187 200 222 225183 2 147 145 114,4 85 135 73 - 20% 2019 2020 2021 2022 2022/06 2023/06 2019 2020 2021 2
Slide 14: Operation | Generation
Operation | Generation Generation Growth (GWh) 793 800 745 14 39 13 700 41 Mersin WPP 601 147 183 Şah WPP 600 556 514 14 2 40 14 Taşpınar WPP 463 14 29 500 428 437 Erzurum SPP 421 386 384 368 Çorum SPP 400 322 333 326 327 344 18 6 326 317 Total 300 299 326 85 17 6 292 295 73 193 277 273 200 145 135
Slide 15: Financial Data
OS FINANCIAL DATA GALATAWIND J”
Slide 16: Financial Performance (Mio TL)
Financial Performance (Mio TL) Revenue (mio TRY) EBITDA (mio TRY) CapEx (mio TRY) Purchase of PPE & Intangible Assets 1.187 1.003 425 14% 3.150% 1% 540 591 449 453 195 518 428 335 264 110 86 6 2020 2021 2022 2022 2023 2020 2021 2022 2022 2023 2020 2021 2022 2022 2023 June June June June June June To
Slide 17: Margins (%)
Margins (%) Gross Margin (%) EBITDA Margin (%) Net Debt/ EBITDA 1,8 82,0 82,6 84,5 86,6 73,5 73,1 75,1 78,7 79,2 76,7 1,1 -0,2 -0,2 -0,1 2020 2021 2022 2022 2023 2020 2021 2022 2022 2023 2020 2021 2022 2022 2023 June June June June June June ROA (%) ROE (%) Net Financial Debt/Equity 0,51 0,47 42,3 5
Slide 18: Financial Data | Balance Sheet
Financial Data | Balance Sheet Current Assets: Consolidated Financial Statement (mn TL) 30 June 2023 31 December 2022 % Change As of 30 June 2023, current assets decrased by 8%. Cash and cash equivalents increased by Total Assets 2,829.63 2,466.36 15% 10% and reached to TL 727,21 mn. The main reason
Slide 19: Financial Data | P&L Table
Financial Data | P&L Table Consolidated Income Statement (mn TL) 30 June 2023 30 June 2022 % Change Gross Profit: Revenue 590.95 517.89 14% Revenue has increased by 14% compared with the same period in 2022. Especially the increase in the USD/TL rate has a primary effect on the increase in our reven
Slide 20: Profit & Loss – Quarterly Period
Profit & Loss – Quarterly Period Income Statement Q1-2022 Q2-2022 Q3-2022 Q4-2022 Q1-2023 Q1-2023 22Q1-22Q2 % 22Q2-22Q3 % 22Q3-22Q4 % 22Q4-23Q1 % 23Q1-23Q2 % Revenue 290,017,674 227,876,182 344,810,106 324,567,866 337,130,632 253,818,005 -21% 51% -6% 4% -25% Cost of Sales (-) (42,857,015) (47,290,62
Slide 21: Financial Data | Loans
Financial Data | Loans Banka Hypovereinsbank (EKF) Hermes Loan Utilization Date 18.08.2017 30.06.2021 Loan Utilization Amount 14,5 mn EUR 20 mn EUR Remaining Principal Balance 7,8 mn EUR 16 mn EUR Interest Rate 0,65% 0,80% BITT/VAT - - 12 years maturity, 10 years maturity, principal and interest pri
Slide 22: Disclaimer
Disclaimer All information contained in this presentation ("Presentation"), which consists of documents and appendices, is provided by Galata Wind Enerji A.Ş. It has been prepared by GWIND to present information, insights and statements about the company (GWIND). The accuracy, adequacy and completen
Slide 23: Thank you!
GALATAWIND Thank you!
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