Turcas Holding A.s. · BIST:TRCAS
Turcas Holding A.s — Turcas Petrol A.Ş. — Investor Day (December 2022)
11 slides from Turcas Holding A.s's investor day presentation, Dec 20, 2022
Slide 1: Turcas Petrol Analyst Day
TURCAS PETROL A.Ş. Analyst Day December 20, 2022 Online Meeting
Slide 2: Agenda
Agenda E-Meeting Agenda Slot Speakers Check-in 14:10 - 14:20 Mr. Batu AKSOY CEO & Board Member, Turcas Petrol A.Ş. Opening Remarks & Turcas Petrol Overview 14:20 - 14:50 • General Overview, Financial Performance Mr. Erkan İLHANTEKİN CFO, Turcas Petrol A.Ş. Shell & Turcas Petrol Mr. Emre TURANLI • Ke
Slide 3: Turcas: 91 years of History: Full of Strong Partnerships
Turcas: 91 years of History: Full of Strong Partnerships ▪ Oil & Energy focused Investment Company ▪ Extensive Industrial Know-How and Long-Term Presence in Turkish Energy Business Turcas ▪ Hard assets in Fuel Retails & Lubricants and Conventional Power ▪ Carved-in Business Partnership culture ▪ 54%
Slide 4: Energy Investment Holding with a Diversified Portfolio
Energy Investment Holding with a Diversified Portfolio Bloomberg Ticker: TRCAS.TI Reuters Ticker: TRCAS.IS Free Float: 28% ** 30% 5% 30% 1,129 Nationwide Shell Branded Fuel Stations** 800 MW Gas Fired Lubricants Plant Power Plant in Derince * ATAŞ appears twice on the Group Structure due to both dir
Slide 5: Business Lines by Numbers – 9M22 & 3Q22
Business Lines by Numbers – 9M22 & [3Q22] Fuel Distribution & Lubricants VOLUME (1) NET SALES EBITDA NET PROFIT 5,589 117,553 4,014 1,645 ths m3 MM TL MM TL MM TL Shell & Turcas in 9M22 in 9M22 in 9M22 in 9M22 [2,139 ths m3 in 3Q] [48,856 MM TL in 3Q] [-464 MM TL in 3Q] [-822 MM TL in 3Q] Power Gene
Slide 6: Cash inflows from Subsidiaries & Dividend Payments
Cash inflows from Subsidiaries & Dividend Payments Cash Inflows from Subsidiaries 1,275 MM TL (corresponding to 403 MM USD 1) received from subsidiaries since 2007 113 MM TL 6 20 168 8 31 140 108 7 6 70 85 56 64 61 44 43 59 9 34 41 36 24 41 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Slide 7: Financial Deleveraging – Positive Effect of TKG Sale
Financial Deleveraging – Positive Effect of TKG Sale MM EUR Denizli CCPP +TKJ PP Project Finance Loans Principal Outstanding Balance 200 150 127 Ca. 88% Repaid for Denizli 114 CCPP 39 100 100 37 85 173 165 33 32.8 MM EUR Repaid in 2022 151 58% Early & 42% Scheduled 135 31 120 Repayment 50 102 88 77
Slide 8: Turcas Consolidated IFRS Summary BS & PL
Turcas Consolidated IFRS Summary BS & PL IFRS Consolidated Financial Statements & Financing Ratios Balance Sheet , million TL 2021 9M2022 Ytd Income Statement, million TL 9M2021 9M2022 Y/Y Revenues (Electricity Sales) 57 0 n.m. Cash & Cash Equivalents 21 149 619% Gross Profit 36 0 n.m. Receivables F
Slide 9: Low Leverage at Subsidiary & Holding Level
Low Leverage at Subsidiary & Holding Level Net Debt / EBITDA < 0.6x (As of September 2022) No Financial Indebtedness - unlike most Peers in the Market Significant reduction in Turcas Consolidated Net Debt post TKG Transaction (81 MM EUR at 2021 YE vs 21 MM EUR at 2022 YE). 8
Slide 10: 2022 Guidance vs Realizations as of 20 December 2022
2022 Guidance vs Realizations as of 20 December 2022 Guidance Updated guidance Realizations (as of 14 March (as of 9 August Difference (as of 20 December Unit 2022) 2022) 2022) Cash Flow From Subsidiaries Shareholder Loan Interest + Principal Repayments to be MM received from Shell & Turcas (Princip
Slide 11: Thank you!
Thank you! Contact Information Arif ŞAHİN Mert GÖKNAR Corporate Finance and Investor Finance and Investor Relations Manager Relations Deputy Manager E-mail: mert.goknar@turcas.com.tr E-mail: arif.sahin@turcas.com.tr Phone: +90 212 259 00 00 / Ext: 1243 Phone: +90 212 259 00 00 / Ext: 1238