Taqa Morocco Sa · CSEMA:TQM
Taqa Morocco Sa — Investor Presentation (March 2025)
17 slides from Taqa Morocco Sa's investor presentation, March 2025
Slide 1: March 2025
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Slide 2: Disclaimer
DISCLAIMER This presentation ("Presentation") has been prepared by TAQA Morocco S.A. ("TAQA Morocco" or the "Company"). The information contained in the Presentation may not have been reviewed or audited by the Company's auditors. The Company relies on information obtained from sources believed to b
Slide 3: Agenda
AGENDA TAQA MOROCCO FINANCIAL EXECUTIVE SUMMARY STRATEGIC INITIATIVES PERFORMANCE REVIEW & OPERATIONAL ACHIEVEMENTS 3
Slide 4: TAQA Morocco Strategic Initiatives & Operational Achievements
TAQA MOROCCO STRATEGIC INITIATIVES & OPERATIONAL ACHIEVEMENTS
Slide 5: TAQA Morocco: Long-Standing Expertise in the Development of Major Strategic Projects
TAQA MOROCCO : LONG-STANDING EXPERTISE IN THE DEVELOPMENT OF MAJOR STRATEGIC PROJECTS 27 years of industrial 93 % 17% of national installed Top decile excellence Average availability rate over worldwide in technical the last 10 years capacity for 34% of performance national demand Unparalleled Devel
Slide 6: TAQA Morocco's Development Strategy and Main Projects Underway
TAQA MOROCCO'S DEVELOPMENT STRATEGY AND MAIN PROJECTS UNDERWAY STRATEGIC AMBITIONS / Supporting Morocco's low-carbon strategy 2030 GOALS / Strengthening our position as the leading private electricity producer in Morocco with a diversified energy mix / Leveraging a key shareholder’s expertise in des
Slide 7: 2024 Initiatives & Achievements for Sustainability Pillars
2024 INITIATIVES & ACHIEVEMENTS FOR SUSTAINABILITY 3 PILLARS ... / Use of low-sulphur coal in the power plant. 488 ENVIRONMENT / Continuous air quality monitoring equipment Tons of hazardous waste Preserving / Use of seawater to reduce water impact collected and treated the environment / Implementat
Slide 8: Roadmap for Our Cultural and Digital Transformation
ROADMAP FOR OUR CULTURAL AND DIGITAL TRANSFORMATION / Leadership & Corporate TAQA Morocco WAY Culture: Deployment of the TAQA Morocco WAY to engage teams and recognition of outstanding Digital Champions employees through the Value Champions program Value Champions / Implementation of Digital CULTURA
Slide 9: 2024 Financial Performance Review
2024 FINANCIAL PERFORMANCE REVIEW
Slide 10: 2024 Key Figures
2024 KEY FIGURES 93% 14,601 GWh 10,878 M MAD Overall availability rate Power generation Revenue 3,454 M MAD 1,377 M MAD EBITDA Consolidated net income 39% Gearing 10
Slide 11: Operating Performance & Availability Rate
OPERATING PERFORMANCE & AVAILABILITY RATE / Ongoing implementation 96.1% of the preventive & predictive maintenance strategy 94.2% 93.7% 93% / Execution of the 92.6% Maintenance plan with : 91.4% • A 25-day minor overhaul on Unit 2 • An 11-day inspection on Unit 3. Overall Availability Availability
Slide 12: Profitability & Net Income Growth 2024 vs. 2023
PROFITABILITY & NET INCOME GROWTH 2024 vs. 2023 In M MAD 2024 2023 Variance / Strong operational performance and downward Revenue 10,878 13,191 (17.5%) trend in international coal prices EBITDA 3,454 3,559 (3.0%) / Improvement in operational margin and profitability. Operating Income 2,633 2,708 (2.
Slide 13: Strengthened Financial Resilience
STRENGTHENED FINANCIAL RESILIENCE +1.1% (1 Pb) 5,52 5,58 / Controlled Debt Evolution 2 40% 2 1.6 x 1.6 x / Restructuring of JLEC 5&6 subsidiary's debt in 2023, 39% enabling the optimization of financial resources. Net Debt Net Debt Gearing in Bn MAD / EBITDA 2023 2024 2023 2024 2023 2024 13
Slide 14: Statutory Accounts – Key Figures
STATUTORY ACCOUNTS – KEY FIGURES In M MAD 2024 2023 Variance / Revenue impacted by international coal prices, as Revenue 6,068 7,246 (16%) well as a 25-day minor overhaul on Unit 2 and an EBITDA 1,079 1,368 (21%) 11-day inspection on Unit 3. EBITDA Margin 18% 19% (1 pt) / Statutory net income at 1,0
Slide 15: Executive Summary
03. EXECUTIVE SUMMARY TiNQaN
Slide 16: 2025 Priorities
2025 PRIORITIES Ongoing Ramp up in Reinforcing Continued development digitization operational Implementation of low-carbon projects excellence of the projects Sustainability Roadmap 16
Slide 17: TNQuN
TNQuN Morocco