Aksa Enerji Uretim A.s. · BIST:AKSEN
Aksa Enerji Uretim A.s — FY2024 Earnings Presentation
15 slides from Aksa Enerji Uretim A.s's earnings presentation, Mar 4, 2025
Slide 1: 2024 YE Earnings Presentation
1 2024 YE EARNINGS PRESENTATION 4 March 2025
Slide 2: Key Highlights – YE24
Key Highlights – YE24 2024 REVENUES ABOVE; EBITDA ALMOST IN LINE WITH GUIDANCE 4Q24 3Q24 q/q TL million -1% Quarterly - 4Q24 vs 3Q24 Net Sales 8,649 8,714 EBITDA 1,925 1,996 -4% Net Income (441) 702 n.m. YE24 YE23 y/y Cumulative - YE24 vs YE23 Net Sales 31,639 50,782 -38% EBITDA 7,561 11,407 -34% Ne
Slide 3: Regional Breakdown
Regional Breakdown FOREIGN OPERATIONS’ CONTRIBUTION TO EBITDA AT 73% TL million Domestic Foreign Share of Foreign Cumulative- YE24 29% Net Sales 22,464 9,175 71% 27% EBITDA 2,043 5,518 73% Profit Before Tax (2,525) 7,224 TL million Domestic Foreign Share of Foreign Cumulative- YE23 22% Net Sales 39,
Slide 4: Shares of Regions in EBITDA
Shares of Regions in EBITDA FOREIGN OPERATIONS’ CONTRIBUTION INCREASING AS EXPECTED Shares of Regions in EBITDA 73% 58% 42% 27% Domestic Foreign YE23 YE24 YE23 YE24 Domestic Foreign • Foreign operations’ contribution increased to 73% of our EBITDA in YE24, as expected • Contribution of domestic oper
Slide 5: Price Evolution in Turkish Market
Price Evolution in Turkish Market Price SPOT PRICES IN Evolution in Turkish TURKIYE INCREASED Market SLIGHTLY BY 3% IN 2024 Average Spot Electricity Prices & Maximum Settlement Prices (TL/MWh) Maximum Settlement Price Spot Price Ceiling @ 3.000 TL/MWh Implementation Period Spot Price Ceiling @ 2.700
Slide 6: Antalya Power Plant – Key Highlights
Antalya PP - Key Highlights ANTALYA- 900 MW NATURAL GAS CCGT Ali Metin ACTIVE Kazancı PRESENCE Antalya SERVICES IN ANCILIARY Power Plant – Key Highlights Antalya Power Plant Location Technical Overview < ◼ Energy Source: Natural Gas Plant Overview ◼ Installed Capacity: 900 MW CCGT ◼ CoD: 2008 ◼ 2 Si
Slide 7: Bolu Göynük Power Plant – Key Highlights
Bolu PP - Key Highlights BOLU GÖYNÜK- 270 MW LOCAL LIGNITE POWER PLANT Bolu Göynük SIGNIFICANT PowerINPlant RECOVERY – Key Highlights GENERATION Bolu Göynük Power Plant Location Technical Overview ◼ Energy Source: Local Lignite Plant Overview ◼ Installed Capacity: 270 MW (2x 135 MW) ◼ CoD: 2015 ◼ 2
Slide 8: Northern Cyprus Power Plant Key Highlights
Northern Cyprus - PP Key Highlights NORTHERN CYPRUS 188 MW COMBINED CYCLE HFO POWER PLANT USD BASED GUARANTEED ENERGY SALES Nothern Cyprus Power Plant Location Technical Overview ◼ Energy Source: Liquid Fuel ◼ Installed Capacity: 188 MW Combined Cycle Plant Overview ◼ CoD: 2003 ◼ Contract Expiry: 20
Slide 9: Tashkent, Bukhara & Tallimarjon Power Plants – Key Highlights
Tashkent, Bukhara & Tallimarjon PP – Key Highlights OUR TOTAL INSTALLED CAPACITY WILL INCREASE TO 1,220 MW IN UZBEKISTAN WITH Tashkent COMPLETIONA,OF B and Bukhara COMBINED CYCLEPower Plants – Key Highlights PP IN TALLIMARJON Uzbekistan Power Plants’ Locations Technical Overview ◼ Energy Source: Nat
Slide 10: Africa Operations – Key Highlights
Africa Operations – Key Highlights LONG TERM GUARANTEED ENERGY SALES IN HARD CURRENCY & Mali FUEL Power Plant – Key IS PASS THROUGH Highlights IN ALL OF OUR OVERSEAS OPERATIONS Africa Power Plants’ Locations Technical Overview ◼ Energy Source: Natural Gas + Liquid Fuel ◼ Installed Capacity: 370 MW P
Slide 11: Consolidated Summary Income Statement
Annex CONSOLIDATED SUMMARY INCOME STATEMENT YE24 YE23 y/y MM TL Net sales 31,639 50,782 -38% Cost of sales (24,951) (40,364) -38% Gross Profit 6,688 10,418 -36% General & administrative costs (*) (1,487) (1,135) 31% Marketing expenses (40) (34) 17% Other operating income 376 686 -45% Other operating
Slide 12: Consolidated Summary Balance Sheet
Annex CONSOLIDATED SUMMARY BALANCE SHEET YE24 YE23 ytd MM TL Cash and cash equivalents 1,054 1,148 -8% Trade receivables 9,980 19,535 -49% Inventories 1,378 1,294 7% Total Current Assets 14,814 24,675 -40% PP&E 61,792 50,557 22% Intangibles 1,620 1,598 1% Total Non-current Assets 67,959 55,898 22% T
Slide 13: 2025 Guidance
Annex 2025 2024GUIDANCE BEKLENTİLERİ FINANCIAL 2024 ACTUAL 2025 GUIDANCE COMPOSITION COMPOSITION INDICATOR (MM TL) (MM TL) 24% 40% 60% 76% NET SALES 31,639 Domestic Foreign 36,850 Domestic Foregin 27% 14% 73% 86% EBITDA 7,560 Domestic Foreign 11,005 Domestic Foreign 16% 26% 21% 43% 63% 31% CAPEX 18,
Slide 14: Investor Relations Contact Information
Contact Information INVESTOR RELATIONS Sena Atay Pınar Saatcıoğlu Investor Relations Investor Relations and Manager Sustainability Director investorrelations@aksaenerji.com.tr +90 216 681 1053 Rüzgarlıbahçe Mh . Özalp Çıkmazı No:10 Kavacık / Beykoz Istanbul Aksa Enerji Üretim A.Ş. https://www.aksain
Slide 15: Disclaimer
DISCLAIMER Aksa Energy has prepared this presentation for the sole purpose of providing information, which contains forward-looking statements that reflect the Company management’s current views with respect to certain future events. Although it is believed that the expectations reflected in these s
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