Odas Elektrik Uretim Sanayi Ticaret A.s. · BIST:ODAS
Odas Elektrik Uretim Sanayi Ticaret A.s — Q1 2023 Earnings Presentation
32 slides from Odas Elektrik Uretim Sanayi Ticaret A.s's earnings presentation, 2023
Slide 1: Investor Presentation 1Q 2023
INVESTOR PRESENTATION 1Q 2023
Slide 2: About Odaş
About Odaş 2
Slide 3: About Odaş
ABOUT ODAS Odaş is a group of companies operating in energy, mining and tourism&marina sector with a vertically integrated business structure. Energy Division The leading operation among its main lines of business is electricity generation. Çan2 CFPP ODAŞ adopted a medium-scale, yet profit-oriented
Slide 4: Shareholding Structure
SHAREHOLDING STRUCTURE BURAK ALTAY 16% NUMBER OF ODAS SHAREHOLDING STRUCTURE SHARE % BAHATTİN ÖZAL 5% BB ENERJİ YATIRIM SANAYİ VE TİC. BURAK ALTAY 221.397.487,56 15,81% A.Ş. 3% BAHATTİN ÖZAL 68.199.226,56 4,87% OTHER BB ENERJİ YATIRIM SANAYİ VE TİC. A.Ş (PUBLICLY (100% OWNED BY BURAK ALTAY) 39.619.1
Slide 5: Energy Sector
Energy Sector 5
Slide 6: Energy Highlights
ENERGY HIGHLIGHTS Installed Capacity Based on Energy Resources in Turkey Total Installed Capacity Based in Turkey (MW) 120.000 Other; 2% 104.326 100.000 Solar 9% Lignite&Coal; 23% Wind; 80.000 11% 60.000 40.000 Natural Gas; Hydro; 24% 30% 20.000 0 As of 31.03.2023 Source: TEIAS As of 31.03.2023 Sour
Slide 7: Energy Spot Price Highlights
ENERGY SPOT PRICE HIGHLIGHTS Spot Energy Prices in Turkey Spot Energy Prices in Turkey - Quarterly 4000 250 4000 3.545 3500 3545 3500 200 3.074 3000 191 3000 2.786 2786 2500 148 150 2500 2000 1.978 2000 100 1500 1.418 1500 77,0 1000 52 51 837 50 1000 837 38 300 294 500 301 303 532 289 294 303 500 28
Slide 8: Energy Assets
Energy Assets 8
Slide 9: Electricity Generation & Sector Overview
ELECTRICITY GENERATION & SECTOR OVERVIEW Generation by Percentage (1st Quarter) According to TEİAŞ data, as of 31.03.2023, the total installed power in the sector increased by 4,405 MW compared to 31.03.2022 period and became 104,326 MW (4% increase) Considering the installed thermal power plants, i
Slide 10: Çan2 CFPP
ÇAN2 CFPP
Slide 11: Çan2 CFPP – 330 MW
Çan2 CFPP Energy Generation (GWh) (Annually) ÇAN2 CFPP – 330 MW 2.500 2.305 The Çan-2 Thermal Power Plant which was commissioned in August 2018 is 1.999 2.000 1.866 Odas’ Flagship Power Plant and comprises about 65% of Group’s total installed capacity, has ensured that production is beneficial by us
Slide 12: Çan2 CFPP – 330 MW
ÇAN2 CFPP – 330 MW Çan-2 Coal Fired PP is the most competitive based-load power plant in Turkey. Thanks to its the highest average calorific value among other local coal fired power plants. # Company Location Fuel Type TPP Projects Installed Capacity Kcal/kg TECHNICAL BACKGROUND (MW) 1 ODAŞ Canakkal
Slide 13: Çan2 CFPP – Environmental Highlights
ÇAN2 CFPP – 330 MW – ENVIROMENTAL HIGHLIGHTS Çan-2 Thermal Power Plant has been completed all neccessarry obligations within the scope of enviromental licences. Environmental Permit and License Certificate Enviromental Impact Assserment Report 13
Slide 14: Çan2 CFPP – Integrated Management Certificates
ÇAN2 CFPP – 330 MW – INTEGRATED MANAGEMENT CERTIFICATES ISO 45001:2018 ISO 5001:2018 Occupational Health & Safety Management System Energy Management System Certificate Certificate ISO 9001:2015 Quality Management System Certificate ISO 14001:2015 ISO 27001:2017 Enviromental Management System Certif
Slide 15: Uzbekistan Natural Gas Power Plant
UZBEKISTAN NATURAL GAS POWER PLANT 15
Slide 16: Uzbekistan Natural Gas Power Plant Investment Key Highlights
UZBEKISTAN NATURAL GAS POWER PLANT INVESTMENT Uzbekistan NGPP Energy Generation (Quarterly) Odas’ second largest energy asset is Uzbekistan Natural Gas Energy Investment 292.009 with a planned installed capacity of 174 MW. 300.000 The Power Plant is located on district of the Khorezm region. 211.420
Slide 17: Şanlıurfa Solar Power Plant
ŞANLIURFA SOLAR POWER PLANT The Şanlıurfa Solar Power Plant was commissioned in January 2014 and has been operating in Şanlıurfa with total installed capacity of 0,25 MW. 17
Slide 18: Mining Assets
Mining Assets 18
Slide 19: Precious Metals Gold & Silver Resources
PRECIOUS METALS GOLD&SILVER RESOURCES
Slide 20: Precious Metals - Gold & Silver Resources
PRECIOUS METALS - GOLD & SILVER RESOURCES Group holds Antimony and Gold License in Kütahya district, Karaağaç, Cebrail, and Uğurluca. Karaağaç license is the main and the most significant metal resource of groups precious metal operations. Gold Resource Summary Location Karaağaç 348k Ons Reserve Au/
Slide 21: Antimony & Antimony Metal Mining
ANTIMONY & ANTIMONY METAL MINING
Slide 22: Antimony & Antimony Metal Mining
ANTIMONY & ANTIMONY METAL MINING Antimony is considered as a Strategic Metal characterized with its economic importance and supply risk. Area of use: • It is alloyed with lead to increase the strength of lead. • Batteries, low friction metals, cable sheaths. Antimony compounds are used for flame res
Slide 23: Gypsum & Flyash Trade
GYPSUM & FLYASH TRADE
Slide 24: Gypsum, Flyash and What We Do
Gypsum Gypsum is a byproduct of the energy generation process as it occurs disseminated in limestones during the energy generation process of Coal Fired Power Plant. It is a very common sulfate mineral of great commercial importance. Area of use: - Drywall - Cement production Flyash Flyash is a bypr
Slide 25: Tourism & Marina
TOURISM & MARINA Odaş decided to evaluate the investment opportunities in the fields of Tourism and Marina investments in order to develop the existing fields of activity within group: • to increase the income diversity of our group • to search for investments that will contribute to the income dive
Slide 26: Financial Highlights
Financial Highlights 26
Slide 27: Consolidated Financial Summary and Balance Sheet Summary
CONSOLIDATED FINANCIAL SUMMARY (TRL Mn) 1Q2023 1Q2022 Y/Y ∆ 2022 YE 2021YE Y/Y ∆ Net Sales 1.627 1.071 52% 7.640 1.446 428% Gross Profit 364 532 -32% 3.207 382 739% Gross Profit Margin 22% 50% -28 pp 42% 26% + 16 pp Operating Income 306 503 -39% 3.066 286 972% EBITDA 373 562 -34% 3.317 398 733% EBIT
Slide 28: Consolidated Financial Summary
CONSOLIDATED FINANCIAL SUMMARY Total Assets Mn TRL Total Equity Mn TRL Total Financial 14000 7000 6453 Liabilities 3000 12000 11449 11208 6000 5579 2501 2505 2500 2383 10000 5000 2087 2000 1867 8000 4000 3663 6969 1500 6000 3000 1000 4000 3232 3406 2000 792 788 500 2000 1000 0 0 0 2019 2020 2021 202
Slide 29: Consolidated Net Debt/EBITDA
CONSOLIDATED NET DEBT/EBITDA (x) 8,0 7,3 7,0 5,8 6,0 5,0 4,0 3,0 2,0 1,0 0,3 0,8 0,0 2020 2021 2022 Annualized (2Q2022-1Q2023) Annualized 2019 2020 2021 2022 (2Q2022-1Q2023) EBITDA 226,8 284,2 399 3317 3128 NET FINANCIAL DEBT 1858 2079 2328 907 2505 NET FINANCIAL DEBT /EBITDA (x) 8,2 7,3 5,8 0,3 0,8
Slide 30: Consolidated Financial Statements
CONSOLIDATED FINANCIAL STATEMENTS ODAS CONSOLIDATED BALANCE SHEET ODAS CONSOLIDATED INCOME STATEMENT Assets (TRL Million) 1Q2023 2022 2021 2020 Consolidated Income Statement (Mn TRL) 1Q2023 1Q2022 2022 2021 2020 Cash & Cash Equivalents 342 1.476 173 15 Net Sales 1627 1071 7641 1.446 975 Trade Receiv
Slide 31: Disclaimer
DISCLAIMER This document has been prepared for informational purposes only and Odaş Elektrik Üretim Sanayi Tic.A.Ş. (The Company) makes no representation or warranty regarding the accuracy or completeness of the information contained in the presentation. The information contained in this document is
Slide 32: Thank You
Thank You For More Information: ir@odasenerji.com 32
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