Kontrolmatik Teknoloji Enerji Ve Muhendislik As · BIST:KONTR
Kontrolmatik Teknoloji Enerji Ve Muhendislik As — Q1 2023 Earnings Presentation
54 slides from Kontrolmatik Teknoloji Enerji Ve Muhendislik As's earnings presentation, June 2023
Slide 1: 2023 1st Quarter Investor Presentation
2022 2020 2018 2016 2014 2012 2010 2008 2023 2021 2019 2017 2015 2013 2011 2009 sustainable technologies for a livable future 2023 1st Quarter Investor Presentation June 2023
Slide 2: Disclaimer
Disclaimer This presentation reflects the opinions of the Company management regarding future events, including future expectations, as well as the analysis of the information and financial statements about Kontrolmatik Teknoloji Enerji ve Mühendislik A.Ş (“Kontrolmatik” or the “Company”). Although
Slide 3: Executive Summary
Executive Summary Sales revenues increased by 158% in the first quarter of 2023 compared to the same period of the previous year and reached 551 million TL due to the removal of pandemic restrictions to a large extent and the Revenue Performance implementation of new projects. Current revenues consi
Slide 4: At a Glance
01 02 03 04 05 At a Glance The Business Growth Strategy ESG Financials page 5 page 16 page 37 page 40 page 44 4
Slide 5: Briefly Kontrolmatik…
5 Briefly Kontrolmatik… Established as an engineering and automation company in 2008 in İstanbul, Türkiye, Kontrolmatik is a Established # Employees* vertically and horizontally integrated technology firm that generates cash flow from Engineering- Procurement-Construction (EPC) operations. It went p
Slide 6: Subsidiaries & Affiliates
6 Subsidiaries & Affiliates Subsidiaries & Affiliates Overseas Subsidiaries, Branches and Offices %89 Pomega Energy Storage Technologies Inc. %100 Kontrolmatik Cameroun Sarl %25 Plan-S Space and Satellite Technology Inc. %100 FC Kontrolmatik Toshkent LLC %50,1 Enwair Energy Tech. Inc. %100 Kontrolma
Slide 7: Milestones
7 2022 Kontrolmatik Technologies Inc. and Milestones Pomega Energy Storage Technologies Inc.were established in the USA. Decision made to construct a lithium- ion battery cell and BESS factory in South Carolina. 2018 Plan-S launched Turkey's first Completed one of the commercial communication satell
Slide 8: Development Process
8 Technology Provider Development Process After years of experience and work, it is time to complete R&D studies and start producing our own solutions. Kontrolmatik offers solutions to the energy and industrial sectors and R&D Center knows the market expectations and trends very well. While designin
Slide 9: Strong Management, Shareholding, Organization
9 Strong Management Shareholding Sami Aslanhan 29,10% Free Float 41,46% Buy-Backed Sami Aslanhan Ömer Ünsalan Murat Tanrıöver Prof. Dr. B. Koray Tunçalp Bikem Kanık Shares Ömer Ünsalan 0,34% 29,09% Chairman Deputy Chairman Board Member Independent Board Member Independent Board Member *As of 06.06.2
Slide 10: Expert Staff
10 Expert Staff - TR Osman Şahin Köşker Saim Hacıağaoğlu Alp Önal Uğur Kazancıoğlu Melkan Çelik General Manager Deputy GM Deputy GM R&D Manager Technical Manager - USA Baha Yetki Gyula Schuch Jeffrey Stoddard Louis Caso Jason Lewis CEO Board Member Vice President, Finance Vice President, Bus. Dev. V
Slide 11: Main Sectors
11 Main Sectors Energy Providing a full range of energy Process Offering end-to-end digital Transportation With its experience in Mining Kontrolmatik ensures the Mobile Power The future of energy is generation, transmission, distribution, and solutions for both conventional systems and transportatio
Slide 12: Global Power
12 Global Power Türkiye– Kar-Demir Iron & Steel 400 kV GIS Substation Türkiye– Yeniköy & Kemerköy 5*260 MW Kontrolmatik has successfully Türkiye– CHPP Rehab. of HV/MV/LV Lithium-Ion Energy Storage completed more than 300 Germany– System projects in 33 countries. 2 MWh Energy Turkmenistan– Storage Sy
Slide 13: Mobile Energy Solutions Factory
13 Mobile Energy Solutions Factory One of Kontrolmatik's factories in Ankara produces mobile energy solutions and is designed to serve the sectors in which it operates with a "zero waste approach". The products and solutions produced are sustainable, green, and reducing the carbon footprint. The Mob
Slide 14: Keys to Our Success
14 Keys to Our Success Kontrolmatik has been improving and evolving since its founding in 2008. When looking at the history of our company, Kontrolmatik prepared itself for the future through its innovations and focus on next-generation energy technologies. Every step has prepared Kontrolmatik to be
Slide 15: The Business
01 02 03 04 05 At a Glance The Business Growth Strategy ESG Financials page 5 page 16 page 37 page 40 page 44 15
Slide 16: Kontrolmatik Group Structure
Kontrolmatik Technologies Inc. - USA 16 Kontrolmatik Technologies, Inc. was established in the U.S. as a fully-owned subsidiary on 8 March 2022 to study opportunities for Kontrolmatik Teknoloji Enerji ve Mühendislik A.Ş. across its various business units. With the construction of a lithium-ion batte
Slide 17: Pomega Energy Storage Technologies Turkey investment
17 Pomega Energy Storage Technologies is making the first private sector investment in Turkey for lithium iron phosphate (“LiFEPO4”) battery cell production. Our gigafactory, the construction of which began in Polatlı OSB, Ankara in January ‘22, is being built on an area of 97.450 m2. Phase one with
Slide 18: Market Info
18 Market Info Total LFP* Battery Market LFP Battery Market by Industry *Lithium-Iron Phosphate Billion USD Billion USD $40.000 $40.000 $35.000 $35.000 $30.000 $30.000 $25.000 $25.000 $20.000 $20.000 $15.000 $15.000 $10.000 $10.000 $5.000 $5.000 $0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2
Slide 19: Market Info: European Market Overview
19 Market Info European Market Overview At a Glance | Business | Growth Strategy | ESG | Financials kontrolmatik.com
Slide 20: Energy Storage Road Map
20 Energy Storage Road Map cell portable battery power plants EMS cathode battery pack Mineral and industrial facilities conductive active metal material and BMS battery recycling / mining electrolyte storage unit recovery plant production grid/off-grid battery module household energy electric charg
Slide 21: Pomega USA 3 GWh Facility Investment
21 Pomega USA 3 GWh Facility Investment Pomega Energy Storage Technologies Inc. Pomega Energy Storage Technologies Inc. is building and will operate a 3 GWh lithium iron phosphate (“LFP”) battery factory in South Carolina. The accumulated know-how and technological capabilities of Kontrolmatik – as
Slide 22: Pomega USA 3 GWh Facility Investment
22 Pomega USA 3 GWh Facility Investment Colleton County, in South Carolina, was selected for the project location after a rigorous and intensive site selection process led by Jones Lang Lasalle. Pomega Inc. has received up to $127 million in incentive from the state and from Colleton County. In addi
Slide 23: Progresiva Energy Investments
23 Progresiva Energy Investments Progresiva Energy Investments Inc, a 95% subsidiary of Kontrolmatik, was founded to complete wholesale and retail energy sales in Türkiye and abroad, as well as to build and operate energy storage facilities. It is engaged in the establishment of related facilities,
Slide 24: Controlix IoT Solutions Provider
24 Controlix IoT Solutions Provider Kontrolmatik has been providing innovative solutions for the digital industry for years, successfully completing several large scale IoT projects. The company installed Controlix is an Internet of Things (IoT) company with its own cloud software and the largest fa
Slide 25: Controlix IoT solution areas
25 SMART CITY FACILITY MANAGEMENT INDUSTRY 4.0 SUSTAINABILITY OTHER SECTORS • Remote water, electricity, and gas meter • Energy management and air • Mes integration. • Water consumption tracking. • Glucometer and remote temperature reading. conditioning management. • Machine monitoring predictive •
Slide 26: Satellite and Space Technologies
26 Satellite and Space Technologies Having completed the design, development, testing, integration, and qualification processes of Connecta T1.1 and Connecta T1.2 satellites for IoT technology demonstrations and tests, and Connecta T2.1 satellite for earth observation purposes - all within about 16
Slide 27: Plan-S Satellite and Space Technologies
27 Plan-S Satellite and Space Technologies IoT Clustering 4x16U Launch : 4Q 2024 Connecta T2.3 16U (Mikro Cam) Connecta T1.3 Launch : 4Q 2024 6U Launch : 2Q 2024 Connecta T2.2 3U (Nano Cam) Launch : 1Q 2024 Connecta T3.1 & T3.2 Connecta T2.1 2x6U Launch : October 2023 +100 Satellites After 2025 6U A
Slide 28: MCFLY Robot Technologies
28 MCFLY Robot Technologies Technologies That Will Become the Hands of the Industry! Collaborative robots have gained an important place in industrial production processes in recent years. These robots can work through direct interaction with humans. Thanks to these features, by allowing people to w
Slide 29: Our Products
29 Our Products At a Glance | Business | Growth Strategy | ESG | Financials kontrolmatik.com
Slide 30: Our Products
30 Our Products February 2023 June 2023 August 2023 October 2023 January 2024 March 2024 Completion of Installation of Starting Test Test & Mass First Order Mass Machine Park Productions Certification Production Deliveries Production Beginning Prototypes Collaborative Robot Usage Areas Packaging And
Slide 31: Enwair Energy Teknologies
31 Enwair Energy Teknologies Enwair is an R&D company that develops anode and cathode material technologies for battery technologies. It employs engineers and chemists with many graduate and doctorate degrees. Kontrolmatik owns 50,1% of the Company, which will contribute to the R&D activities of Kon
Slide 32: Mint Electric Vehicle Technologies Inc.
32 Mint Electric Vehicle Technologies Inc. Our Company, which offers strategic solutions in the field of energy and technology, will offer solutions to reduce the damage to the environment in issues such as carbon emissions and global warming, which are in the first place in Europe's Green Reconcili
Slide 33: Signum Technology Promotion and Education Inc.
33 Signum Technology Promotion and Education Inc. Administrative and operational needs in integrated facility and workplace management processes in our country are diversifying day by day. In this field, where traditional methods and limited software applications are mostly used, Signumtte offers so
Slide 34: Kontrolmatik Research and Development Center
34 Kontrolmatik Research and Development Center Since 2016, Kontrolmatik’s in-house and prolific R&D center has focused on energy storage solutions, IoT, collaborative robots, and renewable energy solutions. These studies will reduce foreign dependency and energy insecurity in critical sectors and w
Slide 35: Product gallery
35 Lithium Accumulator Hybrid Inverter Plan-S IoT Satellites LFP Battery Cell LFP Battery Cell Residential Energy Storage Systems IoT Modules Yüzer GES Platformu Battery Module Mobile Substation kontrolmatik.com Collaborative Robotic Arm Energy Storage System Battery Cabinet 35
Slide 36: Growth Strategy
01 02 03 04 05 At a Glance The Business Growth Strategy ESG Financials page 5 page 16 page 37 page 40 Page 44 36
Slide 37: Horizontal & Vertical Integration
37 Horizontal & Vertical Integration Kontrolmatik focuses its core business on completing international projects to generate cash and profits, and then reinvests this cash into R&D activities to develop its next generation of products. Since its founding, Kontrolmatik has been thinking about the fut
Slide 38: For a sustainable future
38 In 2023; For a sustainable 4,5 - 5,0 Billion TL Revenue future 1,0 - 1,25 Billion TL EBITDA R&D Investments: >3% of Sales Revenue Capital Expenditures (excluding R&D): up to 6% of Sales Revenue Backlog Size: ~4,3 Billion TL - More than 60% FX Based (As of June 23 2023) Currency Position Ongoing P
Slide 39: ESG
01 02 03 04 05 At a Glance The Business Growth Strategy ESG Financial page 5 page 16 page 37 page 40 page 44 39
Slide 40: We adopt holistic and transparent Sustainability Governance
40 We adopt holistic and transparent Sustainability Governance. In line with this commitment: We act environmentally and socially responsible in all our facilities and office As Kontrolmatik, we define our sustainability governance strategy as spaces, we feel and act environmentally and socially res
Slide 41: Transition to a Circular and Low Emission Economy
41 Transition to a Circular and Low Emission Economy SUSTAINABILITY COMMITMENT As Kontrolmatik Teknoloji A.Ş., we act in line with the principle of responsible production and service within the framework of our PLANEARTH Sustainability strategy, in line with the global goals of the production facili
Slide 42: We are in MSCI and FTSE index
42 We are in MSCI and FTSE index SUSTAINABLE FINANCE & PERFORMANCE As a publicly listed company, we strive to improve our Corporate and Sustainability Governance by continuously monitoring and measuring performance in a transparent manner. Environment, Social and Governance Score As a result of the
Slide 43: Financials
01 02 03 04 05 At a Glance The Business Growth Strategy ESG Financials page 5 page 16 page 37 page 40 page 44 43
Slide 44: Attractive Financial Figures
44 Attractive Financial Figures M TL 12M'20 12M'21 12M'22 22/21 ∆ 1Q22 1Q23 22/21 ∆ Solid Growth Revenue 201,1 611,8 1791,2 193% 213,2 551,0 158% While revenue growth was 158% in the first Gross Profit 47,6 165,4 482,3 192% 54,7 38,5 -30% quarter of 2023, gross profit and EBITDA were EBIT 31,6 168,6
Slide 45: Stable Growth
45 Stable Growth Revenue (TL M) EBITDA* (TL M) Keys to Growth Current revenues consist of System Integration, Controlix and Progresiva segments, and Pomega and McFly will start contributing to financials in the 4th quarter of 2023. Due to barrier structure of the industry, larger projects can be und
Slide 46: Simultaneous Growth in Revenue and Profit
46 Simultaneous Growth in Revenue and Profit 158% Revenue Increase in 1Q23 High EBITDA & Net Profit Growth Top-Line– 12 Months (mTL) Top-Line– 1st Quarter (mTL) Gross Profit, mTL EBITDA*, mTL 193% Growth in 2022 Net Income, mTL Increase in Project Sizes Thanks to Ability to Undertake Larger Projects
Slide 47: Revenue Growth Reflected on Net Profit in 1Q23
47 Revenue Growth Reflected on Net Profit in 1Q23 Net Income – 12M22 (M TL) Net Income – 1Q23 (M TL) At a Glance| Business | Growth Strategy | ESG | Financials kontrolmatik.com 47
Slide 48: Debt Profile & FX Position
48 Debt Profile & FX Position FX Position as of 31.03.2023 (TL mn) As of 31.03.2023; Currency Breakdown 929 MTL Long Position TL & Euro based loans with high foreign currency share in revenue Maturity of Financial Debt Debt Profile as of 31.03.2023 (TL mn) 427 mTL Net Debt (Excluding Debt to Shareho
Slide 49: Strong Financial Ratios Despite Ongoing Investments
49 Strong Financial Ratios Despite Ongoing Investments Liquidity Ratios 2021/12 2022/12 2023/03 Positive ratios despite investments not yet reflected in Current Ratio 1,34 2,70 1,95 income Liquidity Ratio 1,11 2,34 1,63 Low Financial Leverage Ratios Debt Ratios 2021/12 2022/12 2023/03 Total Debt/Tot
Slide 50: Stock Performance Above the Market
$0 $2 $4 $6 $8 $10 $12 $14 50 50 ₺ 0₺ 100 ₺ 150 ₺ 200 ₺ 250 ₺ 31.03.2022 31.03.2022 7.04.2022 7.04.2022 14.04.2022 ; $1,77 14.04.2022 21.04.2022 26,02 31.03.2022 21.04.2022 28.04.2022 31.03.2022; 28.04.2022 5.05.2022 5.05.2022 12.05.2022 12.05.2022 19.05.2022 19.05.2022 26.05.2022 26.05.2022 2.06.20
Slide 51: Revenue & Investment Projection by Segments
51 Revenue & Investment Projection by Segments System Integration, EPC & Current Business 2023 2024 2025 2026 2027 Revenue, m$ 131,0 $ 186,0 $ 208,0 $ 202,4 $ 201,3 $ CAPEX, m$ 6,0 $ 5,1 $ 5,5 $ 6,0 $ 6,2 $ Controlix 2023 2024 2025 2026 2027 Revenue, m$ 12,2 $ 37,0 $ 56,0 $ 75,0 $ 90,0 $ CAPEX, m$ 8
Slide 52: Consolidated Targets
52 Consolidated Targets 2023-2027 Kontrolmatik Consolidated Targets 2023 2024 2025 2026 2027 Revenue, m$ 201,4 $ 720,2 $ 1.503,8 $ 1.491,6 $ 1.460,9 $ CAPEX, m$ 222,3 $ 297,4 $ 75,9 $ 80,6 $ 49,8 $ EBITDA, m$ 50,2 $ 197,3 $ 409,0 $ 402,7 $ 394,4 $ EBITDA Margin 24,93% 27,4% 27,2% 27,0% 27,0% 1.600 $
Slide 53: Addendum: Financial Figures in USD
53 Addendum: Financial Figures in USD M USD 12M'20 12M'21 12M'22 22/21 ∆ 1Q22 1Q23 22/21 ∆ Notes: Revenue 28,6 68,8 108,0 57% 15,3 29,2 91% For Comparative Purposes Only Gross Profit 6,8 18,6 29,1 56% 3,9 2,0 -48% Average USD/TRY rate is used for P/L items EBIT 4,5 19,0 30,1 59% 5,9 0,8 -87% and per
Slide 54: controlling technology is controlling the future.
controlling technology is controlling the future. kontrolmatik.com 54/End
Kontrolmatik Teknoloji Enerji ve Mühendislik A.Ş. — Q1 2023 Earnings Presentation on 6ix