Akfen Yenilenebilir Enerji A.s. · BIST:AKFYE
Akfen Yenilenebilir Enerji A.s — Akfen Renewable Energy — Investor Presentation (May 2025)
21 slides from Akfen Yenilenebilir Enerji A.s's investor presentation, May 2025
Slide 1: Akfen Renewable Energy Company Presentation
Akfen Renewable Energy Company Presentation May, 2025 1
Slide 2: Table of Contents
Table of Contents Table of Contents I. Company Overview II. Growth Strategy III. Appendix 2
Slide 3: Executive Summary: Corporate Structure
Executive Summary Corporate Structure Akfen Free Float1 Akfen Holding International 56.5% 15.1% 28.4% 2 100% 100% 100% 100% HEPPs SPPs WPPs Akfen Wholesale (4 SPV’s) (33 SPV’s) (7 SPV’s) Established in 1976 Akfen Holding is one of Turkey’s leading infrastructure investment holdings with total asse
Slide 4: Executive Summary
Executive Summary Number of Plants Installed Capacity (MW) FiT Duration (years)1 Total Portfolio 2,7 229 MW; 229 MW; 349 MW; 433 MW; 29% 55% SPP Portfolio 3,5 783 MW 121 MW; MW; WPP&hybrid 121 4,1 6 WPP & 6 12 HEPP 35 SPP SPP Portfolio 16% hybrid SPP HEPP Portfolio 0,2 HEPP WPP&hybrid SPP SPP Financ
Slide 5: Major Developments
Major Developments Ongoing investments – Phase 1 Hybrid SPP Investments: Ongoing investments – Phase 2 A total of 86 MW, as of May 2025 6 hybrid SPP (84 MW) operational… Storage facilities with generation: - Pre licenses obtained for a total of 285 MW storage WPP capacity increase: facilities with g
Slide 6: Company Overview | Installed Capacity Development
Company Overview | Installed Capacity Development 887 MW 783 MW 706 MW 699 MW 703 MW 613 MW 324 MW 255 MW 228MW 219MW 210MW 156 MW 147 MW 138MW 7MW 2007-2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022-23 2024 05/25 2025 1 The Company has achieved a significant growth in it
Slide 7: Key Investment Highlights
Key Investment Highlights One of the largest renewable energy companies in Turkey with a modern electricity generation 1 portfolio of approximately 900 MW installed capacity with its operational and ongoing investments. Ability to create balanced generation and cash flow in all climatic conditio
Slide 8: Company Overview | Key Indicators
Company Overview | Key Indicators Revenues* (US$ mn) EBITDA* (US$ mn) 150 112 115 108 148 103 96 147 82 146 145 145 2020 2021 2022 2023 2024 2020-24 Ave. 2020 2021 2022 2023 2024 2020-24 Ave. Electricity Generation (GWh) Installed Capacity (MW) 783 2.478 1.767 1.706 1.758 1.660 1.698 1.600 1,387 WPP
Slide 9: Resources at Ideal Locations in Terms of Climate and Seasonality
Resources at Ideal Locations in Terms of Climate and Seasonality Wind Portfolio Positioning in Ideal Locations* Optimal Solar Portfolio Locations** RES Amasya & Tokat: PORTFÖYÜ 17 MW Marmara & Middle Aegean: 269 MW Avarege Wind Van: 37 MW Speed (m/s) Konya: 37 MW Malatya & Elazığ: South Mediterranea
Slide 10: Young portfolio with long FiT duration
Young portfolio with long FiT duration Young and Diversified Portfolio Geographical Footprint Within 8+ 39% years (308 MW) Within Last 783 5 years MW (379 MW) 12% 48% Within Last 6-7 years (96 MW) Mediterranean 20% Aegean 36% Central Anatolia 15% Eastern Anatolia Black Sea 9% 12% 9% 6 WPP& 6 Marmara
Slide 11: Sustainable and Environmentally Friendly Electricity Generation Portfolio
Sustainable and Environmentally Friendly Electricity Generation Portfolio Major sustainability developments worldwide ESG Studies According to PwC research, as of end-2023, total assets under management (AUM) As of 2018, the Company's ESG performance evaluation process is carried out for ESG (Envi
Slide 12: Table of Contents
Table of Contents Table of Contents I. Company Overview II. Growth Strategy III. Appendix 12
Slide 13: Company Strategy
Company Strategy With the aim of becoming one of the largest pure play renewable energy portfolios in Turkey, Akfen Renewable targets following: 1 Hybrid Solar Investments Adding an additional 86 MW SPP capacity to 6 WPP projects, as of May 2025 84 MW operational Wind Capacity Investments 2 102
Slide 14: Growth Summary Projections (2024 – 2028)
Growth Summary Projections* (2024 – 2028) Installed Capacity Growth (MW) Generation Growth (GWh) +494 1.197 +1,328 1.197 2.928 887 887 2.105 2.105 1.899 703 1.600 2024 2025 2026 2027 2028 2024 2025 2026 2027 2028 Revenue and EBITDA Growth (mn $) Net Financial Debt (NFB, mn $) & NFD/EBITDA (x) +73 3,
Slide 15: Table of Contents
Table of Contents Table of Contents I. Company Overview II. Growth Strategy III. Appendix 15
Slide 16: Appendix | Financial Results Summary
Appendix| Financial Results Summary USD based revenues provide protection against the risk of TL depreciation… 85%(1) 86% 53% FiT BASED TRY BASED 1Q25 LTM INCOME IN EXPENSES EBITDA 1Q25 IN 1Q25 Margin Financial Summary (US$mn) FiT Share in Revenue (%) Revenue Share by Sources (%) 200 ,0 95, 0% 59,1%
Slide 17: Financial Results | Balance Sheet
Financial Results | Balance Sheet* IFRS Consolidated Balance Sheet (US$mn) Key Highlights Summary Balance Sheet 31.12.2020 31.12.2021 31.12.2022 31.12.2023 31.12.2024 31.03.2025 Trade and Other Receivables Current Assets 90.5 79.4 80.2 57.9 69.5 102.0 Current and non-current trade and other receiv
Slide 18: Financial Results | P&L Statement
Financial Results | P&L Statement* IFRS Consolidated P&L Statement (US$mn) Key Highlights Revenues Consolidated P&L 2020 2021 2022 2023 2024 1Q25 The total portfolio generated 402 GWh of electricity in 1Q25 (1Q24: 450 GWh). Revenues 146.1 145.6 167.7 148.2 144.7 30.8 Cost of Sales Cost of Sales (-
Slide 19: Market Data | AKFYE.IS
Market Data | AKFYE.IS Price Charts Share Data AKFYE - Price (USD) 1,30 AKFYE.IS (23.05.2025) Closing Price (TL) 16.20 1,10 Closing Price (USD) 0.42 Number of Shares (mn) 1,197 0,90 Mcap (TLmn) 19,391 0,70 Mcap (USDmn) 500 3M Ave. Daily Trading Volume (TLmn) 82 0,50 Outstanding Shares Ratio 28.43% 0
Slide 20: SWOT Analysis
SWOT Analysis Strengths Opportunities • A portfolio consisting solely of renewable energy power plants • Growth opportunities at home and abroad • Balanced distribution in terms of geography, • Investment opportunities for storage balanced and complementary distribution in terms facilities S O of re
Slide 21: Disclaimer
Disclaimer This presentation (the ‘Company Presentation’) is not and should not be considered as a recommendation by Akfen Yenilenebilir Enerji A.Ş., (the “Company”) or any other person in relation to the Company, nor does it constitute and should not be considered as an invitation or an offer to pu
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