Turcas Holding A.s. · BIST:TRCAS
Turcas Holding A.s — Turcas Petrol A.S. — 9M23 Earnings Presentation
14 slides from Turcas Holding A.s's earnings presentation, November 2023
Slide 1: 9M23 Earnings Presentation
(UICOS 9M23 Earnings Presentation DISCLAIMER STATEMENT Turcas Petrol A.S. (“Turcas") has prepared this presentation document (the "Document”) consisting of documents thereto for the sole purposes of providing information and projections and statements retating to Turcas (the “Information’). Turcas c
Slide 2: 3Q & 9M23 General Overview
3Q & 9M23 General Overview Turcas 3Q23 Turcas Petrol IFRS Consolidated Net Income/Loss Bridging (3Q23) (MM TL) Net Profit: 824 MM TL 74 8 9 -3 -26 7 754 765 -59 Net Loss at 1H 2023 Turcas' Share in Turcas' Share in RTG STAŞ Preferred Other (Net)* Fair Value Opex Net Financing Net Profit as of 9M STA
Slide 3: At a glance – 9M23 & [3Q23]
At a glance – 9M23 & [3Q23] Retail (Fuel Distribution & Lubricants) VOLUME NET SALES EBITDA NET PROFIT 6,113 136,969 4,964 1,715 ths m3 MM TL MM TL MM TL Shell & Turcas in 9M23 in 9M23 in 9M23 in 9M23 (1) [2,277 ths m3 in 3Q] [68,575 MM TL in 3Q] [4,390 MM TL in 3Q] [2,513 MM TL in 3Q] Electricity (
Slide 4: Shell & Turcas JV – 9M23 Volumes & Market Share
Shell & Turcas JV – 9M23 Volumes & Market Share Onsite B2B + B2C Fuel Sales Commercial Fuel Sales ths m3 ths m3 +13% y/y 4,516 -8% y/y 945 3,991 +11% q/q -3% q/q 867 +1,691 +346 in Q3 in Q3 +335 +1,527 in Q3 in Q3 9M22 9M23 9M22 9M23 Lubricants Sales Onsite Market Share Progress in 2021-2023 July 1
Slide 5: Shell & Turcas JV – 9M23 Key Financial Highlights
Shell & Turcas JV – 9M23 Key Financial Highlights Net Sales EBITDA MM TL MM TL +17% y/y +24% y/y +40% q/q 136,969 +1,047% q/q 4,964 117,553 4,014 +68,575 +4,390 +48,856 in Q3 in Q3 -464 in Q3 in Q3 9M22 9M23 9M22 9M23 Net Profit / Loss Shell & Turcas 3Q23 & 9M23 Highlights MM TL • Total sales volume
Slide 6: Cash inflows from Shell & Turcas
Cash inflows from Shell & Turcas MM TL ** 177 65 57 168* 10 *** 120 5 16 23 13 16 14 75 70 85 7 50 53 45 51 26 31 27 30 33 36 24 41 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 October MM USD Ordinary Dividends Received from Shell & Turcas Management Fees & Pr
Slide 7: RWE & Turcas JV – 9M23 Key Operational Highlights
RWE & Turcas JV – 9M23 Key Operational Highlights Gas Consumption Electricity Generation mcm GWh +18% y/y +21% y/y +124% q/q 2,081 394 +132% q/q 1,725 334 +1,194 +225 +516 in Q3 +101 in Q3 in Q3 in Q3 9M22 9M23 9M22 9M23 RTG Average Electricity Sales Price (TL/MWh) Cash inflows to Turcas from RWE &
Slide 8: RWE & Turcas JV – 9M23 Key Financial Highlights
RWE & Turcas JV – 9M23 Key Financial Highlights Net Sales EBITDA MM TL MM TL +41% y/y -23% y/y 6,454 +50% q/q 512 +26% q/q 4,584 +3,097 394 +157 in Q3 in Q3 +2,059 +198 in Q3 in Q3 9M22 9M23 9M22 9M23 Net Profit / Loss RWE & Turcas 3Q23 & 9M23 Highlights MM TL • Despite the ca. 2 months long planned
Slide 9: Turcas Consolidated IFRS Summary BS & PL
Turcas Consolidated IFRS Summary BS & PL IFRS Consolidated Financial Statements & Financing Ratios Income Statement, million TL 9M2022 9M2023 Y/Y Balance Sheet , million TL 2022 9M2023 YTD Revenues 0 0 n.m. Cash & Cash Equivalents 32 38 21% Gross Profit 0 0 n.m. Associates (STAS & RTG) 1,127 1,668 4
Slide 10: Financial Deleveraging Well On Track
Financial Deleveraging Well On Track MM EUR Denizli CCPP +TKJ PP Project Finance Loans Principal Outstanding Balance (2023-25 Balances reflect the scheduled repayment plan) 200 150 As of 9M2023: Ca. 90% of Denizli 127 CCPP PF Loans have been repaid 114 39 100 100 37 85 Loan Balance as of end of 9M 2
Slide 11: 2023 Guidance vs Realizations as of end of 9M23
2023 Guidance vs Realizations as of end of 9M23 Updated Updated Guidance guidance guidance Realizations / Current (as of 07 March Difference Unit (as of 9 August (as of 30 (as of end of 3Q2023) 2023) 2023) October 2023) Cash Inflows From Subsidiaries Shell & Turcas - Preferred Dividend net off BPA (
Slide 12: Annex
Annex Annex Slides 11
Slide 13: Quarterly & YoY Segmental Analysis
Quarterly & YoY Segmental Analysis Oil Segment Energy Segment MM TL Shell & Turcas RWE & Turcas (Turcas share: 30%) (Turcas share: 30%) Net Profit/ Net Profit/ Revenues EBITDA Revenues EBITDA Loss Loss 9M23 136,969 4,964 1,715 6,454 394 312 9M22 117,553 4,014 1,645 4,584 512 478 3Q23 68,575 4,390 2,
Slide 14: Thank you!
Thank you! Contact Information Arif ŞAHİN Mert GÖKNAR Corporate Finance and Investor Finance Director Relations Manager E-mail: mert.goknar@turcas.com.tr E-mail: arif.sahin@turcas.com.tr Phone: +90 212 259 00 00 / Ext: 1243 Phone: +90 212 259 00 00 / Ext: 1238