Galata Wind Enerji A.s. · BIST:GWIND
Galata Wind Enerji A.s — Q2 2025 Earnings Presentation
20 slides from Galata Wind Enerji A.s's earnings presentation, 2025
Slide 1: Galata Wind Enerji A.Ş. Investor Presentation Q2 2025
Galata Wind Enerji A.Ş. Investor Presentation Q2 / 2025 1. Energy Market in Turkey 2. Operational Data 3. Financial Data
Slide 2: Section 1: Energy Market in Turkey
SECTION 1 Energy Market in Turkey
Slide 3: Turkey Installed Capacity | Jun 2025
Turkey Installed Capacity | Jun 2025 Total Installed Capacity 119,532 MW FUEL TOOR BOT SOLAR 0% 3% 0% 235 MW 3,245 MW 116 MW 19% 22,840 MW UNLICENSED COAL 18% 18% 21,238 MW 21,934 MW WIND 11% 13,455 MW EÜAŞ Installed Capacity Installed Capacity 18% by Energy Sources by Energy Utilities 21,573 MW NAT
Slide 4: Turkey Installed Capacity | Dec 2024/Jun 2025
Turkey Installed Capacity | Dec 2024/Jun 2025 INSTALLED CAPACITY BY ENERGY RESOURCES (MW) INSTALLED CAPACITY BY ENERGY UTILITIES (MW) 32,203 PRODUCTION 72,006 HYDRO +88 +1,354 32,291 COMPANIES 73,360 24,675 NATURAL GAS -62 24,613 21,573 EÜAŞ 0 21,879 21,573 COAL +55 21,934 12,576 18,442 WIND +879 UN
Slide 5: Turkey Energy Generation | Jun 2025
Turkey Energy Generation | Jun 2025 Total Energy Production 172,543 GWh SOLAR FUEL İHD YİD 10% 0% 2% 0% 376 GWh LİSANSSIZ 3,090 GWh 103 GWh 18,001 GWh 9% GEO/BIO COAL 15,001 GWh 6% 32% 10,753 GWh 55,076 GWh EÜAŞ WIND 12% 20,716 GWh 11% 19,336 GWh Generation by Generation by Energy Sources Energy Uti
Slide 6: Turkey Energy Generation | Jun 2024/Jun 2025
Turkey Energy Generation | Jun 2024/Jun 2025 GENERATION BY ENERGY RESOURCES (GWh) GENERATION BY ENERGY UTILITIES (GWh) 54,709 PRODUCTION 123,396 COAL +367 +10,237 55,076 COMPANIES 133,633 45,564 HYDRO -11,627 33,937 27,457 EÜAŞ -6,741 20,716 22,727 NATURAL GAS +12,337 35,064 17,744 10,525 WIND +1,59
Slide 7: Turkey Energy Market | Electricity Consumption
Turkey Energy Market | Electricity Consumption Total Consumption (thousand GWh) 347.9 332.9 331.1 330.3 296.7 304.2 303.3 306.1 279.3 257.2 265.7 242.4 246.4 230.3 210.4 198.1 194.1 164.9 171.6 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2024 2025 (Jun) (Jun)
Slide 8: Electricity Prices (2023-2025)
Electricity Prices (2023-2025) TRY/MWh 4,500 4,000 3,431 Average Prices (TRY) 3,500 3,000 2,500 2,509 2,803 2,184 2,453 2,327 2,202 2,589 2,574 2,396 2,336 2,463 2,446 2023 MCP 2,191 2024 MCP 2,233 2,478 2,000 1,771 2,251 2,250 2,126 2,095 2,067 2,075 1,943 1,958 1,977 2,007 1,500 2,190 2,047 1,764
Slide 9: Section 2: Operational Data
SECTION 2 Operational Data
Slide 10: Galata Wind Portfolio
Galata Wind Portfolio Çorum SPP Taşpınar WPP and Good location and Erzurum SPP Hybrid SPP (Bursa) efficient operation Best generation in its Operational since March 2021 (Unlicensed) distribution zone Hybrid Solar added Dec. 2023 (Unlicensed) Şah WPP (Balıkesir) Among the biggest WPPs in Turkey Mersin
Slide 11: Key Operational Figures - WPP & SPP
Key Operational Figures - WPP & SPP Capacity Usage Factor WPP WPP Generation - GWh 50% 800 741 758 690 678 700 45% 600 547 40% 500 35% 400 364 377 344 333 322 317 322 300 105 113 30% 200 222 225 218 218 183 192 200 147 169 104 119 25% 100 155 145 20% 0 2020 2021 2022 2023 2024 2020 2021 2022 2023 20
Slide 12: Operation | Generation
Operation | Generation Generation Growth (GWh) 793 810 800 14 745 39 13 730 38 14 14 700 41 37 183 601 147 218 600 556 14 169 40 514 14 2 29 500 463 14 428 437 421 386 384 390 403 7 400 322 333 7 20 326 327 344 317 322 19 317 300 105 113 326 292 299 295 277 273 193 200 155 145 100 62 222 225 183 187
Slide 13: Ongoing Investments
Ongoing Investments Total Installed Capacity - Present 2026-2027 2030 Alapınar WPP (New License) 15.8 MW Mersin WPP 99.9 MW Şah WPP (Capacity expansion) 6.8 MW European SPP Investments 100 MW Şah WPP 105 MW Taşpınar WPP + Hybrid SPP 115.2 MW European SPP Investments 200 MW • Germany Agri PV 43 MW PP
Slide 14: Section 3: Financial Data
SECTION 3 Financial Data Unless otherwise stated, financial data in the presentation expressed on a purchasing power basis of 30 June 2025.
Slide 15: Financial Performance
Financial Performance REVENUE EBITDA CapEx (million TRY) (million TRY) (million TRY) 1,194 837 861 Purchase of PPE & Intangible Assets -10% -13% -31% 1,320 965 1,194 837 1,254 861 2024 Jun 2025 Jun 2024 Jun 2025 Jun 2024 Jun 2025 Jun TOTAL ASSETS EQUITY FREE CASH (million TRY) (million TRY) (million
Slide 16: Margins
Margins GROSS MARGIN EBITDA MARGIN NET DEBT*/EBITDA** (%) (%) (%) 46.17 70.06 0.64 53.57 73.07 70.06 46.17 0.64 0.53 2024 Jun 2025 Jun 2024 Jun 2025 Jun 2024 Jun 2025 Jun ROA ROE NET FINANCIAL DEBT*/EQUITY (%) (%) (%) 2.41 3.36 0.09 3.26 4.61 0.09 0.08 2.41 3.36 2024 Dec 2025 Jun 2024 Dec 2025 Jun 2
Slide 17: Balance Sheet June 2025/31 December 2024
Balance Sheet 30 June 2025/31 December 2024 Current Assets: Consolidated Financial Statement Change compared to 30 Jun 2025 31 Dec 2024 As of June 30, 2025, current assets decreased by 32% to TRY 1,278 million. The main (m TRY) 31 Dec 2024 reasons for the decrease are loan principal repayments and d
Slide 18: P&L Table - June 2025/2024
P&L Table - 30 June 2025/2024 Gross Profit: Consolidated Income Statement 30 Jun 2025 30 Jun 2024 Yearly Change (m TRY) Galata Wind’s consolidated revenues decreased by 10% in the first half of 2025 compared to the same period of the previous year, reaching TRY 1,194 million. Despite Revenue 1,194.4
Slide 19: Financial Data | Quarters before TAS 29 Inflation Adjustments
Financial Data | Quarters before TAS 29 Inflation Adjustments Income Statement Q1-2023 Q2-2023 Q3-2023 Q4-2023 Q1-2024 Q2-2024 Q3-2024 Q4-2024 Q1-2025 Q2-2025 Revenue 337,130,632 253,818,005 480,800,680 424,101,792 464,805,596 442,453,262 596,890,634 569,095,662 543,595,761 598,238,715 Cost of Sales
Slide 20: Disclaimer
Disclaimer All information contained in this presentation (“Presentation”), which consists of documents and appendices, is provided by Galata Wind Enerji A.Ş. It has been prepared by GWIND to present information, insights and statements about the company (GWIND). The accuracy, adequacy and completen
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