Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi Ve Ticaret · BIST:SMRTG
Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi Ve Ticaret — Smart Güneş Teknolojileri Ar-Ge Üretim San. ve Tic. A.Ş. — Investor Presentation (November 2022)
37 slides from Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi Ve Ticaret's investor presentation, November 2022
Slide 1: Investor Presentation
INVESTOR PRESENTATION SMART GÜNEŞ TEKNOLOJİLERİ AR-GE ÜRETİM SAN. VeTİC. A.Ş. NOVEMBER 2022
Slide 2: Smart Güneş Overview
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Slide 3: Company Overview
Company Overview Smart Güneş operates in the fields of PV panel production and EPC. ❖ The company, which has been operating in the fields of PV solar panel production and engineering and projecting (EPC) since 2014, with the aim of providing end-to-end service in the rapidly growing solar energy sec
Slide 4: Smart Güneş Corporate Structure
Smart Güneş Corporate Structure Smart Güneş has 7 subsidiaries in three different countries. Country of Origin Activity area %100 Smart Güneş Enerji Ekipmanları Marketing of solar panels and Türkiye Pazarlama A.Ş.* equipment Halil Demirdağ Hakan Akkoç %100 SPP installation and manufacturing of Smart
Slide 5: Ownership Structure
Ownership Structure 24,97% PUBLIC PART 75,03% SMART HOLDİNG A.Ş. Partner's Name-Surname/Trade Title Share in Capital Currency Share in Capital (%) SMART HOLDİNG ANONİM ŞİRKETİ 229.584.000 TRY 75,03 PUBLIC PART 76.416.000 TRY 24,97 TOTAL CAPITAL 306.000.000 TRY 100 *As a result of the CMB's approval
Slide 6: Operating Activities
Operating Activities While the Company's EPC activities create an additional sales channel for PV panels, the expertise gained in this field makes a significant contribution to the development of PV panel solutions. PV Panel Production Sales Quantity (MW) 176.9 ❖ The company, which produces solar 15
Slide 7: Operating Activities
Operating Activities While the Company's EPC activities create an additional sales channel for PV panels, the expertise gained in this field makes a significant contribution to the development of PV panel solutions. EPC Completed Project Power Capacity (KWp) ❖ The company provides project developmen
Slide 8: Value Engineering
Value Engineering With this understanding, we present our perspective that adds value to the sector by developing an engineering strategy that will perfect the performance, quality and cost triangle. To be a pioneer in the production and installation of innovative solar module technologies and to sp
Slide 9: End-to-End Service/Vertical Integration
End-to-End Service/Vertical Integration Smart Güneş aims to be a global player operating in all areas of the value chain with its investments and technical competence. Engineering and Design ▪ It covers engineering design services for domestic and international projects. ▪ A service approach tailore
Slide 10: Advantages of Solar Energy
Advantages of Solar Energy Compared to other energy sources, solar energy has several advantages in terms of both technical and sustainability. Leading role in zeroing the carbon Rapidly falling electricity footprint generation costs International Variety of usage areas support and encouragement Sou
Slide 11: Leading Role in Zero Carbon Footprint
Leading Role in Zero Carbon Footprint Solar energy is one of the most suitable energy sources in line with the goal of reducing carbon emissions. Electricity Production Cost and Effect of Carbon Emission Premium (USD/kWh, Sectoral Distribution of Greenhouse Gas 2020) Emissions (2020) Wind Rüzgar Ons
Slide 12: Rapidly Declining Electricity Production Costs
Rapidly Declining Electricity Production Costs The cost of electricity generation from solar energy has decreased by 6.7 times in the last ten years. Average Electricity Generation Unit Cost Development(USD/kWh) Bioenergy Geothermal Hydroelectric Solar FV Wind(Onshore) Wind(Offshore) 0,381 6,7x 0,16
Slide 13: Usage Area Diversity
Usage Area Diversity Solar energy is one of the most convenient energy sources in terms of both its purpose and conditions of use. Network Independent Hybrid Systems Floating SPP Rooftop Systems Agrisolar Systems systems ▪ High capacity factor ▪ Saving land ▪ Low maintenance cost ▪ Advantage in case
Slide 14: Attractive Growth-Oriented Industry Dynamics
Attractive Growth-Oriented Industry Dynamics The use of solar energy in Turkey has started to respond significantly to the energy demand in the country by following the global expansion. Development of the Ratio of Turkey Solar PV Installed Power to Total Installed Power(%) 10 8,9 9 9,1 8 7,7 7,8 7
Slide 15: Solar Energy in the World
Solar Energy in the World In order to reach the net zero carbon emission target by 2050, it is predicted that electricity generation will depend heavily on renewable energy sources. World Installed Power Development(GW, 2000-2050) CAGR 19,924 CAGR 1.872 (2000-2020) (2020-2050) 15,431 2.585 %6,8 11,2
Slide 16: Solar Energy in the World
Solar Energy in the World Renewable Energy Installed Power Development (GW, 2000-2050) 18,052 12,846 CAGR CAGR 8.519 (2000-2020) (2020-2050) 7,736 5.761 %40,3 %8,6 3.151 6.044 2,823 4.330 1,867 710 2.526 908 1,236 732 759 1.444 1.646 1.822 1.212 2000 2005 2010 2015 2020 2030 2040 2050 Hidroelektrik
Slide 17: Solar Energy in Turkey
Solar Energy in Turkey Solar energy installed power in Turkey has approached 10 GW as of 2021. The Place of Solar Energy in Turkey in the World Total Installed Power Ranking(GW - 2020) 254 ❖ Turkey ranked 14th in 2010 and 12th as of 2020 in Total Installed Power of World Renewable Energy. ❖ Turkey w
Slide 18: Solar Energy in Turkey
Solar Energy in Turkey Position of Solar Power Plants in Turkey at the end of September 2022 ❖ The installed power of solar power plants has been increasing over the years. ❖ Compared to the end of December 2021, the ratio of SPPs, which showed a capacity increase of 1.146 MW, in Turkey's total inst
Slide 19: Installed Power Development by Years MW
Installed Power Development by Years MW Installed Power Development by Years MW
Slide 20: Solar Energy in the World
Solar Energy in the World By the end of 2022, Total Solar Energy Capacity is expected to be 1.1 TW Annual Solar Energy Installation in the World Between 2000-2021
Slide 21: Planned Investments
Planned Investments The company aims to achieve vertical integration with its cell investment, increase its export potential and strengthen its position in the Turkish market thanks to domestic cell production. The company planned to invest 186.2 m USD in total in the public offering projection, and
Slide 22: Ongoing investments - Aliağa OIZ Phase-1
Ongoing investments - Aliağa OIZ Phase-1 ❑ CONTRIBUTION TO CURRENT DEFICIT ❑ CONTRIBUTION TO EMPLOYMENT *A total of 3000 employees at the end of the investment period ❑ CONTRIBUTION TO TECHNOLOGY ❑ STRATEGIC INVESTMENT ❑ INFLATION LOWERING EFFECT
Slide 23: Planned Investments – Aliağa OIZ Phase-2
Planned Investments – Aliağa OIZ Phase-2 Within the scope of the PV cell and panel investment to be made by Aliağa OIZ, İzmir (ALOSBİ), a total of 58,309 m2 land allocation covering 4 parcels has been provided, and Ingot, Cell, Panel and Wafer production will be carried out in a closed area of 90,00
Slide 24: Completed Investment - Our Dilovası Facility
Completed Investment - Our Dilovası Facility In order to meet the increasing demand in the field of solar energy panels, Çerkeşli OSB Mah. İMES 10.Cad. N 3 has signed a rental agreement for a 2-year period for a workplace/factory building and area of 10.000 m2 in Dilovası-Kocaeli. Our Dilovası Facil
Slide 25: Planned Investments
Planned Investments The company plans to reach a total of 3,600 MW Laser Half-Cut solar panels and 2,400 MW cell production capacity with the investments.. Planned Investments– 2024-2026 3600 MW 2400 MW 1.200 MW 3600 MW Ingot Wafer New Panel Generation Cell 391.4 Million USD Planned Investment Amoun
Slide 26: Other Investments
Other Investments YEKA-4 BOR-1 SPP Investment On April 8, 2022, Smart GES Üretim A.Ş. won the BOR-1 (100 MWe) tender for the allocation of solar energy-based renewable energy resource areas and connection capacities, with the best bid. Based on this result, our Group has included solar energy-based
Slide 27: Other Investments
Other Investments Modernization Investments Our company carries out modernization investments and purchases following the latest technology in the turnkey EPC project that delivers engineering and project design in panel production services.
Slide 28: Project Based Investment Incentive – Aliağa OIZ Investment
Project Based Investment Incentive – Aliağa OIZ Investment Regarding the photovoltaic solar panel production facility investment of our company to be built in İzmir with a capacity of 2.048 MW/Year, our incentive application to the Ministry of Industry and Technology, Giving Project-Based Investment
Slide 29: Financial Performance – Key Indicators
Financial Performance – Key Indicators EBITDA M TL NET PROFIT M TL 200 130 120 175 110 150 181,2 M TL 100 90 129,6 M TL 125 80 70 100 60 75 50 40 50 30 70,7 M TL 20 25 27,4 M TL 10 0 0 2021 3Q 2022 3Q 2021 3Q 2022 3Q ❖ As a result of successful and effective ❖ Despite the increased financial expense
Slide 30: Financial Performance – Key Indicators
Financial Performance – Key Indicators REVENUE M TL Gross Profit M TL 1200 200 1100 175 1000 900 1180,9 M TL 150 193,5 M TL 800 125 700 600 100 500 75 400 300 3516,3M TL 50 69,4 M TL 200 25 100 0 0 2021 3Q 2022 3Q 2021 3Q 2022 3Q ❖ The revenue of our company in the 3rd quarter of 2022 increased by 1
Slide 31: Annexes – Consolidated Summary Income Statement
Annexes – Consolidated Summary Income Statement Summary Income Statement 30 September 2022 30 September 2021 Change - % Change - TL Revenue 1.180.964.646 516.305.343 129% 664.659.303 Cost of sales (-) (987.423.135) (446.869.102) 121% 540.554.033 Gross profit 193.541.511 69.436.241 179% 124.105.270 O
Slide 32: Annexes – Consolidated Summary Balance Sheet
Annexes – Consolidated Summary Balance Sheet Summary Balance Sheet 30 September 2022 31 December 2021 Delta - % Delta - TL Current Assets 1.712.538.132 712.656.851 140% 999.881.281 Non-Current Assets 226.001.133 105.674.912 114% 120.326.221 Total Assets 1.938.539.265 818.331.763 137% 1.120.207.502 S
Slide 33: Financial Performance – Cash and Debt Profile (TL)
Financial Performance – Cash and Debt Profile (TL) 30 September 2022 31 December 2021 30 September 2022 31 December 2021
Slide 34: Financial Performance – Balance Sheet Currency Risk
Financial Performance – Balance Sheet Currency Risk 30 September 2022 31 December 2021
Slide 35: Contact Information: Investor Relations
Contact Information: Investor Relations Cem Nuri Tezel Alper Öksüz Sabit Aşkar Esra Taşçı Executive Board Member Group Finance Manager Budget and Reporting Manager Investor Relations Executive Tel: +90 216 225 72 00 Tel: +90 216 225 72 29 Tel: +90 216 225 72 00 Tel: +90 216 225 72 29 www.smartsolar.
Slide 36: Yasal Uyarı
Yasal Uyarı This presentation has been prepared for informational purposes only, and contains forward- looking statements and statements that reflect the current views of the Company management regarding certain future events. The expectations and projections contained in these statements, although
Slide 37: Thanks
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