Kontrolmatik Teknoloji Enerji Ve Muhendislik As · BIST:KONTR
Kontrolmatik Teknoloji Enerji Ve Muhendislik As — Q4 2022 Earnings Presentation
52 slides from Kontrolmatik Teknoloji Enerji Ve Muhendislik As's earnings presentation, March 2023
Slide 1: 2022 4th Quarter Investor Presentation
2022 2020 2018 2016 2014 2012 2010 2008 2023 2021 2019 2017 2015 2013 2011 2009 sustainable technologies for a livable future 2022 4th Quarter Investor Presentation March 2023
Slide 2: Disclaimer
Disclaimer This presentation reflects the opinions of the Company management regarding future events, including future expectations, as well as the analysis of the information and financial statements about Kontrolmatik Teknoloji Enerji ve Mühendislik A.Ş (“Kontrolmatik” or the “Company”). Although
Slide 3: Executive Summary
Executive Summary Sales revenues, which increased by 258% annually in the last quarter of 2022, continued to have a positive impact on financials along with the removal of pandemic restrictions compared to the previous year and Revenue Performance the implementation of new projects. In 2022, we gene
Slide 4: At a Glance, The Business, Growth Strategy, ESG, Financials
01 02 03 04 05 At a Glance The Business Growth Strategy ESG Financials page 5 page 16 page 35 page 38 page 42 4
Slide 5: Briefly Kontrolmatik…
5 Briefly Kontrolmatik… Established as an engineering and automation company in 2008 in İstanbul, Türkiye, Kontrolmatik is a Established # Employees* vertically and horizontally integrated technology firm that generates cash flow from Engineering- Procurement-Construction (EPC) operations. Kontrolma
Slide 6: Subsidiaries & Affiliates as of 15.03.2023
6 Subsidiaries & Affiliates as of 15.03.2023 Subsidiaries & Affiliates Overseas Subsidiaries, Branches and Offices %89 Pomega Energy Storage Technologies Inc. %100 Kontrolmatik Cameroun Sarl %25 Plan-S Space and Satellite Technology Inc. %100 FC Kontrolmatik Toshkent LLC %50,1 Enwair Energy Tech. In
Slide 7: Milestones
7 2022 Milestones Kontrolmatik Technologies Inc. and Pomega Energy Storage Technologies Inc. were established in the USA. Decision made to construct a lithium- ion battery cell and BESS factory in South Carolina. 2018 Plan-S launched Turkey's first Completed one of the commercial communication satel
Slide 8: Development Process
8 Technology Provider Development Process After years of experience and work, it was time to complete R&D studies and start producing our own solutions. Kontrolmatik offers solutions to the energy and industrial sectors and R&D Center knows the market expectations and trends very well. While designi
Slide 9: Strong Management, Shareholding, Organization
9 Strong Management Shareholding Sami Aslanhan 29.09% Free Float 41.82% Sami Aslanhan Ömer Ünsalan Murat Tanrıöver Prof. Dr. B. Koray Tunçalp Bikem Kanık Ömer Ünsalan 29.09% Chairman Deputy Chairman Board Member Independent Board Member Independent Board Member *As of 15.03.2023 Organization 300+ Os
Slide 10: Expert Staff
10 Expert Staff - TR Osman Şahin Köşker Saim Hacıağaoğlu Alp Önal Uğur Kazancıoğlu Melkan Çelik General Manager Deputy GM Deputy GM R&D Manager Technical Manager - USA Baha Yetki Gyula Schuch Jeffrey Stoddard Louis Caso Jason Lewis General Manager Board Member Deputy GM, Finance Deputy GM, Bus. Dev.
Slide 11: Main Sectors
11 Main Sectors Energy Providing a full range of energy Process Offering end-to-end digital Transportation With its experience in Mining Kontrolmatik ensures the Mobile Energy The future of energy is generation, transmission, distribution, and solutions for both conventional systems and transportati
Slide 12: Global Power
12 Global Power Türkiye– Kar-Demir Iron & Steel 400 kV GIS Substation Türkiye– Yeniköy & Kemerköy 5*260 MW Kontrolmatik has successfully Türkiye– CHPP Rehab. of HV/MV/LV Lithium-Ion Energy Storage completed more than 300 Germany– System 2 MWh Energy projects in 33 countries. Turkmenistan– Storage Sy
Slide 13: Mobile Energy Solutions Factory
13 Mobile Energy Solutions Factory One of Kontrolmatik's factories in Ankara produces mobile energy solutions and is Our solutions, the result of many years of professional experience and designed to serve the sectors in which it operates with a "zero waste approach". The development, are designed t
Slide 14: Keys to Our Success
14 Keys to Our Success Kontrolmatik has been improving and evolving since its founding in 2008. When looking at the history of our company, Kontrolmatik prepared itself for the future through its innovations and focus on next-generation energy technologies. Every step has prepared Kontrolmatik to be
Slide 15: At a Glance, The Business, Growth Strategy, ESG, Financials
01 02 03 04 05 At a Glance The Business Growth Strategy ESG Financials page 5 page 16 page 35 page 38 page 42 15
Slide 16: Kontrolmatik Group Structure
Kontrolmatik Technologies Inc. - USA 16 Kontrolmatik Technologies, Inc. was established in the U.S. as a fully-owned subsidiary on 8 March 2022 to study opportunities for Kontrolmatik Teknoloji Enerji ve Mühendislik A.Ş. across its various business units. Kontrolmatik Group Structure With the constr
Slide 17: Pomega first private LiFePO4 battery cell investment in Turkey
17 Pomega Energy Storage Technologies is making the first private sector investment in Turkey for lithium iron phosphate (“LiFEPO4”) battery cell production. Our gigafactory, the construction of which began in Polatlı OSB, Ankara in January ‘22, is being built on an area of 97.450 m2. Phase one will
Slide 18: Gigafactory
18 Gigafactory March 2022 March 2023 Location: Polatlı OSB, Ankara Opening: 2023 2nd Quarter Capacity at the beginning: 500 MWh/year Total Capacity: 3 GWh/year (2024) At a Glance | Business | Growth Strategy | ESG | Financials kontrolmatik.com
Slide 19: Energy Storage Road Map
19 Energy Storage Road Map cell portable battery power plants EMS cathode battery pack Mineral and industrial facilities conductive active metal material and BMS battery recycling / mining electrolyte storage unit recovery plant production grid/off-grid battery module household energy electric charg
Slide 20: Pomega USA 3 GWh Facility Investment
20 Pomega USA 3 GWh Facility Investment Pomega Energy Storage Technologies Inc. Pomega Energy Storage Technologies Inc. is building and will operate a 3 GWh lithium iron phosphate (“LFP”) battery factory in South Carolina. The accumulated know-how and technological capabilities of Kontrolmatik – as
Slide 21: Pomega USA 3 GWh Facility Investment
21 Pomega USA 3 GWh Facility Investment Colleton County, in South Carolina, was selected for the project location after a rigorous and intensive site selection process led by Jones Lang Lasalle. Pomega Inc. has received up to $127 million in incentive from the state and from Colleton County. In addi
Slide 22: Progresiva Energy Investments
22 Progresiva Energy Investments Progresiva Energy Investments Inc, a 95% subsidiary of Kontrolmatik, was founded to complete wholesale and retail energy sales in Türkiye and abroad, as well as to build Our lithium-ion energy storage facility under development, with 1GWh of energy and operate energy
Slide 23: Controlix IoT Solutions Provider
23 Controlix IoT Solutions Provider Kontrolmatik has been providing innovative solutions for the digital industry for years, successfully completing several large scale IoT projects. The company installed Controlix is an Internet of Things (IoT) company with its own cloud software and the largest fa
Slide 24: Controlix IoT solution areas
24 SMART CITY FACILITY MANAGEMENT INDUSTRY 4.0 SUSTAINABILITY OTHER SECTORS • Remote water, electricity, and gas meter • Energy management and air • MES integration. • Water consumption tracking. • Glucometer and remote temperature reading. conditioning management. • Machine monitoring predictive •
Slide 25: Satellite and Space Technologies
25 Satellite and Space Technologies Having completed the design, development, testing, integration, and qualification processes of Connecta T1.1 and Connecta T1.2 satellites for IoT technology demonstrations and tests, and Connecta T2.1 satellite for earth observation purposes - all within about 16
Slide 26: Plan-S Satellite and Space Technologies
26 Plan-S Satellite and Space Technologies IoT Clustering 4x16U Launch : 4Q 2024 Connecta T2.3 16U (Mikro Glass) Connecta T1.3 Launch : 4Q 2024 6U Launch : 2Q 2024 Connecta T2.2 3U (Nano Glass) Launch : 1Q 2024 Connecta T3.1 & T3.2 Connecta T2.1 2x6U Launch : October 2023 +100 Satellites After 2025
Slide 27: MCFLY Robot Technologies
27 MCFLY Robot Technologies Technologies That Will Become the Hands of the Industry! Mcfly Robot Technologies, a subsidiary of Kontrolmatik, increased its capabilities with the first collaborative robot arm prototype it designed and produced. It also began the production of additional robot prototyp
Slide 28: Road Map & Productions
28 Road Map & Productions First Order March 2024 Deliveries Mass Production January 2024 Beginning Test & October 2023 Certification Starting Test August 2023 Productions Installation of June 2023 Machine Park Gripper Completion of February 2023 Mass Production Prototypes At a Glance | Business | Gr
Slide 29: Robot Solutions
29 Robot Solutions Robot Market Sizes Collaborative Robot Usage Areas Packaging And Palletizing Bonding, Dispersing, Robot Market Volume: 120 Billion USD Welding Analyze in the Lab Cobot Market Volume: 5,3 Billion USD Gripper Market Volume: 3,9 Billion USD Robot Market Volume: 63 Billion USD Machine
Slide 30: Enwair Energy Technologies
30 Enwair Energy Technologies Enwair is an R&D company that develops anode and cathode material technologies for battery technologies. It employs engineers and chemists with many graduate and doctorate degrees. Kontrolmatik owns 50,1% of the Company, which contributes to the R&D activities of Kontro
Slide 31: Mint Electric Vehicle Technologies Inc.
31 Mint Electric Vehicle Technologies Inc. Our Company, which offers strategic solutions in the field of energy and technology, will offer solutions to reduce the damage to the environment in issues such as carbon emissions and global warming, which are in the first place in Europe's Green Reconcili
Slide 32: Kontrolmatik Research and Development Center
32 Kontrolmatik Research and Development Center Since 2016, Kontrolmatik’s in-house and prolific R&D center has focused on energy storage solutions, IoT, collaborative robots, and renewable energy solutions. These studies will reduce foreign dependency and energy insecurity in critical sectors and w
Slide 33: kontrolmatik.com
33 Lithium Accumulator Hybrid Inverter LFP Battery Cell Plan-S IoT Satellites LFP Battery Cell IoT Modules Battery Module Residential Energy Storage Systems Mobile Substation kontrolmatik.com Floating SPP Platform Energy Storage System Battery Cabinet 33
Slide 34: At a Glance, The Business, Growth Strategy, ESG, Financials
01 02 03 04 05 At a Glance The Business Growth Strategy ESG Financials page 5 page 16 page 35 page 38 Page 42 34
Slide 35: Horizontal & Vertical Integration
35 Horizontal & Vertical Integration Kontrolmatik focuses its core business on completing international projects to generate cash and profits, and then reinvests this cash into R&D activities to develop its next generation of products. Since its founding, Kontrolmatik has been thinking about the fut
Slide 36: For a sustainable future
36 In 2023; For a sustainable ~5 Billion TL Revenue future ~ 1,25 Billion TL EBITDA R&D Investments: >3% of Sales Revenue Capital Expenditures (excluding R&D): up to 6% of Sales Revenue Backlog Size: ~3,7 Billion TL (More than 65 % FX Based) Currency Position Ongoing Projects Low Provisions Know-How
Slide 37: At a Glance, The Business, Growth Strategy, ESG, Financials
01 02 03 04 05 At a Glance The Business Growth Strategy ESG Financial page 5 page 16 page 35 page 38 page 42 37
Slide 38: We adopt holistic and transparent Sustainability Governance
38 We adopt holistic and transparent Sustainability Governance. In line with this commitment: We act in an environmentally and socially responsible manner and adopt a business As Kontrolmatik, we define our sustainability governance strategy as style that is environmentally and socially responsible
Slide 39: Transition to a Circular and Low Emission Economy
39 Transition to a Circular and Low Emission Economy SUSTAINABILITY COMMITMENT As Kontrolmatik Teknoloji A.Ş., we act in line with the principle of responsible production and service within the framework of our PLANEARTH sustainability strategy, in line with the global goals of the production facili
Slide 40: We are in MSCI and FTSE index
40 We are in MSCI and FTSE index SUSTAINABLE FINANCE & PERFORMANCE As a publicly listed company, we strive to improve our Corporate and Sustainability Governance by continuously monitoring and measuring performance in a transparent manner. Environment, Social and Governance Score As a result of the
Slide 41: At a Glance, The Business, Growth Strategy, ESG, Financials
01 02 03 04 05 At a Glance The Business Growth Strategy ESG Financials page 5 page 16 page 35 page 38 page 42 41
Slide 42: Attractive Financial Figures
42 Attractive Financial Figures M TL 12M'20 12M'21 12M'22 22/21 ∆ 4Q21 4Q22 22/21 ∆ Solid Growth Revenue 201,1 611,8 1791,2 193% 261,4 935,7 258% The growth momentum in gross profit, EBITDA Gross Profit 47,6 165,4 482,3 192% 66,5 167,9 153% and net profit in 2021 continued in 2022. Increasing trend
Slide 43: Stable Growth
43 Stable Growth Revenue (TL M) EBITDA* (TL M) Keys to Growth Between 2017-2022 turnover consists of System Integration and Controlix segments. Pomega and Robotic arms will contribute to financials starting 2023. Due to barrier structure of the industry, larger projects can be undertaken if and only
Slide 44: Simultaneous Growth in Revenue and Profit
44 Simultaneous Growth in Revenue and Profit 258% Revenue Increase in 4Q22 High EBITDA & Net Profit Growth Top-Line– 12 Months (mTL) Top-Line– 4th Quarter (mTL) Gross Profit, mTL EBITDA*, mTL 193% Growth in 2022 Net Income, mTL Increase in Project Sizes Thanks to Ability to Undertake Larger Projects
Slide 45: Revenue Growth Reflected on Net Profit in 2022
45 Revenue Growth Reflected on Net Profit in 2022 Net Income – 12M22 (M TL) Net Income – 4Q22 (M TL) At a Glance| Business | Growth Strategy | ESG | Financials kontrolmatik.com 45
Slide 46: Debt Profile & FX Position
46 Debt Profile & FX Position FX Position as of 31.12.2022 (TL mn) As of 31.12.2022; Currency Breakdown FX Assets 1.048 1.048 MTL Long Position 1,794 FX Liabilities TL & Euro based loans with high foreign currency share in revenue 46 747 483 437 Maturity of Financial Debt 31.12.2021 31.12.2022 Debt
Slide 47: Financial Ratios Indicate Efficiency of Investments
47 Financial Ratios Indicate Efficiency of Investments Liquidity Ratios 2020/12 2021/12 2022/12 Low Financial Leverage Ratios Current Ratio 1,61 1,34 2,70 Liquidity Ratio 1,27 1,11 2,34 Net Financial Debt/EBITDA well below the risk zone Debt Ratios 2020/12 2021/12 2022/12 Additional borrowing capaci
Slide 48: Stock Performance Above the Market
$0 $2 $4 $6 $8 $10 $12 $14 48 0₺ 50 ₺ 100 ₺ 150 ₺ 200 ₺ 250 ₺ 12/31/2021 12/31/2021 1/7/2022 1/7/2022 1/14/2022 1/14/2022 12.34 1/21/2022 $0.93 1/21/2022 1/28/2022 12/31/2021, 1/28/2022 12/31/2021, 2/4/2022 2/4/2022 2/11/2022 2/11/2022 2/18/2022 2/18/2022 2/25/2022 2/25/2022 3/4/2022 KONTR/TL, 31.12
Slide 49: Revenue & Investment Projection by Segments
49 Revenue & Investment Projection by Segments System Integration, EPC & Current Business 2023 2024 2025 2026 2027 Revenue, m$ 138,0 $ 186,0 $ 208,0 $ 202,4 $ 201,3 $ CAPEX, m$ 6,0 $ 5,1 $ 5,5 $ 6,0 $ 6,2 $ Controlix 2023 2024 2025 2026 2027 Revenue, m$ 14,2 $ 37,0 $ 56,0 $ 75,0 $ 90,0 $ CAPEX, m$ 8
Slide 50: Consolidated Targets
50 Consolidated Targets 2023-2027 Kontrolmatik Consolidated Targets 2023 2024 2025 2026 2027 Revenue, m$ 243,0 $ 720,2 $ 1.503,8 $ 1.491,6 $ 1.460,9 $ CAPEX, m$ 222,3 $ 297,4 $ 75,9 $ 80,6 $ 49,8 $ EBITDA, m$ 61,7 $ 197,3 $ 409,0 $ 402,7 $ 394,4 $ EBITDA Margin 25,4% 27,4% 27,2% 27,0% 27,0% At a Gla
Slide 51: Addendum: Financial Figures in USD
51 Addendum: Financial Figures in USD M USD 12M'20 12M'21 12M'22 22/21 ∆ 4Q21 4Q22 22/21 ∆ Notes: Revenue 28,6 68,8 108,0 57% 23,4 50,3 115% For Comparative Purposes Only Gross Profit 6,8 18,6 29,1 56% 5,9 9,0 52% Average USD/TRY rate is used for P/L items EBIT 4,5 19,0 30,1 59% 8,4 8,7 4% and perio
Slide 52: controlling technology is controlling the future.
controlling technology is controlling the future. kontrolmatik.com 52/End
Kontrolmatik Teknoloji Enerji ve Mühendislik A.Ş. — Q4 2022 Earnings Presentation on 6ix