Aksa Enerji Uretim A.s. · BIST:AKSEN
Aksa Enerji Uretim A.s — H1 2025 Earnings Presentation
15 slides from Aksa Enerji Uretim A.s's earnings presentation, Aug 8, 2025
Slide 1: 1H 2025 Earnings Presentation
1 1H 2025 EARNINGS PRESENTATION 08 August 2025
Slide 2: Key Highlights – 1H25
Key Highlights – 1H25 STRONG IMPROVEMENT IN EBITDA MAINLY DRIVEN BY CONTRIBUTION FROM TALLIMARJON PP TL million 1H25 1H24 y/y 1H25 vs 1H24 Net Sales 20,070 16,656 20% EBITDA 5,896 4,246 39% Net Income 1,352 2,037 -34% (1) Net Financial Debt 36,572 31,600 16% 1H25 1H24 y/y KPIs-1H25 vs 1H24 Gross Mar
Slide 3: Regional Breakdown
Regional Breakdown FOREIGN OPERATIONS’ CONTRIBUTION TO EBITDA AT 80% TL million Domestic Foreign Share of Foreign Cumulative- 1H25 28% Net Sales 14,352 5,718 72% 20% EBITDA 1,184 4,712 80% Profit Before Tax -601 3,375 TL million Domestic Foreign Share of Foreign Cumulative- 1H24 33% Net Sales 11,206
Slide 4: Shares of Regions in EBITDA
Shares of Regions in EBITDA FOREIGN OPERATIONS’ CONTRIBUTION AT 80% Shares of Regions in EBITDA 82% 80% 18% 20% Domestic Foreign 1H24 1H25 Domestic Foreign 1H24 1H25 • Foreign operations’ contribution at 80% • Contribution of domestic operations (including Turkey and Northern Cyprus) to EBITDA incre
Slide 5: Price Evolution in Turkish Market
Price Evolution in Turkish Market Price SPOT PRICES IN Evolution in Turkish TURKIYE INCREASED Market BY 19% Y/Y IN 1H’25 Average Spot Electricity Prices (TL/MWh) 3,000 2,520 2,415 2,390 2,371 2,000 1,969 1,000 0 2Q24 3Q24 4Q24 1Q25 2Q25 Average Spot Energy Prices • In 1H25, average spot prices incre
Slide 6: Antalya PP - Key Highlights
Antalya PP - Key Highlights ANTALYA- 900 MW NATURAL GAS CCGT Ali Metin Kazancı SIGNIFICANT Antalya RECOVERY Power Plant – Key Highlights IN GENERATION Antalya Power Plant Location Technical Overview < ◼ Energy Source: Natural Gas Plant Overview ◼ Installed Capacity: 900 MW CCGT ◼ CoD: 2008 ◼ 2 Sieme
Slide 7: Bolu PP - Key Highlights
Bolu PP - Key Highlights BOLU GÖYNÜK- 270 MW LOCAL LIGNITE POWER PLANT Bolu Göynük SUPPORT FROM Power CAPACITYPlant – Key Highlights PAYMENTS Bolu Göynük Power Plant Location Technical Overview ◼ Energy Source: Local Lignite Plant Overview ◼ Installed Capacity: 270 MW (2x 135 MW) ◼ CoD: 2015 ◼ 2 uni
Slide 8: Northern Cyprus - PP Key Highlights
Northern Cyprus - PP Key Highlights NORTHERN CYPRUS 188 MW COMBINED CYCLE HFO POWER PLANT USD BASED GUARANTEED ENERGY SALES Northern Cyprus Power Plant Location Technical Overview ◼ Energy Source: Liquid Fuel ◼ Installed Capacity: 188 MW Combined Cycle Plant Overview ◼ CoD: 2003 ◼ Contract Expiry: 2
Slide 9: Tashkent, Bukhara & Tallimarjon PP – Key Highlights
Tashkent, Bukhara & Tallimarjon PP – Key Highlights OUR TOTAL INSTALLED CAPACITY REACHED 1,220 MW IN UZBEKISTAN WITH Tashkent COMPLETION A, B and Bukhara OF COMBINED Power CYCLE PP IN Plants – Key Highlights TALLIMARJON Uzbekistan Power Plants’ Locations Technical Overview ◼ Energy Source: Natural G
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 1H25 1H24 y/y MM TL Net sales 20,070 16,656 20% Cost of sales (15,467) (13,292) 16% Gross Profit 4,604 3,364 37% General & administrative costs (777) (815) -5% Marketing expenses (25) (58) -57% Other operating income 445 431 3% Other operating expenses (58
Slide 12: Consolidated Summary Balance Sheet
Annex CONSOLIDATED SUMMARY BALANCE SHEET 1H25 YE24 YTD MM TL Cash and cash equivalents 6,640 1,230 440% Trade receivables 10,646 11,643 -9% Inventories 1,752 1,608 9% Total Current Assets 22,030 17,284 27% PP&E 77,258 72,093 7% Intangibles 2,796 1,890 48% Total Non-current Assets 85,977 79,288 8% To
Slide 13: 2025 Guidance Maintained as of Aug'25
Annex 2025 2024GUIDANCE MAINTAINED AS OF AUG’25 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% 2
Slide 14: Contact Information
Contact Information INVESTOR RELATIONS Pınar Saatcıoğlu Investor Relations and 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.aksaenerji.com.tr/investor-relations 14
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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