Aselsan Elektronik Sanayi Ve Ticaret A.s. Class B · BIST:ASELS
Aselsan Elektronik Sanayi Ve Ticaret A.s. Class B — Aselsan — Investor Presentation (November 2019)
20 slides from Aselsan Elektronik Sanayi Ve Ticaret A.s. Class B's investor presentation, November 2019
Slide 1: Investor Presentation
Investor Presentation November 2019
Slide 2: Turkey and ASELSAN's Place in Global Defense
Turkey and ASELSAN’s Place in Global Defense As being the 2nd biggest army in NATO, Turkey has healthy growth rate of defense budget. 2018 Top 10 Spenders vs. Turkey Military Spending of Turkey (5-year averages) (Billion $) (Billion $) 18,0 USA 649 16,0 Defense spending is expected CHİNA 250 14,0 to
Slide 3: Shareholder Structure and TAFF
Shareholder Structure and TAFF Shareholder Structure Turkish Armed Forces Foundation (TAFF) TAFF BOARD OF TRUSTEES ASELSAN is the only defense company listed on BIST. -President (Chairman) -Vice President - Minister of National Defense - Chief of General Staff - Undersecretary of Defense Industry Tu
Slide 4: Field of Activities
Field of Activities TRANSPORTATION, COMMUNICATION INFORMATION MICROELECTRONICS RADAR, ELECTRONIC DEFENSE SYSTEMS SECURITY, ENERGY and TECHNOLOGIES GUIDANCE and ELECTRO-OPTICS WARFARE TECHNOLOGIES AUTOMATION COMMUNICATION AVIONIC RADAR SYSTEMS AIR and MISSILE DEFENSE SECURITY SATELLITE SYSTEMS ELECTR
Slide 5: Our Affiliates
Our Affiliates Local International ROKETSAN Share : 15% ASPİLSAN Share : 1% Partner: TSKGV Partner: TSKGV KAZAKHSTAN ASELSAN Founded: 1988 Founded: 1981 SOUTH AFRICA BRANCH Assets: 10,3 Mio $* ENGINEERING (KAZAKHSTAN) Assets: 1,2 Bio $* Share: 49% Share: 100% ASELSANNET MİKROELEKTRONİK Partner: Kaza
Slide 6: Human Resources
Human Resources Talent Management Total Employees : 7.285 University-Industry Cooperation Engineers : 4.326 Location and Fringe Benefits Back to Turkey Project Projects Carried Out with Universities Engineers 59% Technicians Internship and Co-op Opportunities for High 29% school and University Stude
Slide 7: Domestic Sales and Exports
Domestic Sales and Exports 10.000 Million TL 9.009 9.000 889 8.000 CAGR 7.648 27% 807 7.000 6.000 5.412 5.000 784 3.850 4.000 8.120 485 2.739 6.841 3.000 2.171 2.535 1.038 1.212 1.502 1.633 460 547 4.628 2.000 398 83 272 3.365 1.000 103 77 2.075 2.192 1.419 1.361 1.773 935 1.135 0 Domestic Sales Exp
Slide 8: 2019 3Q Summary Financials
2019 3Q Summary Financials 1,9 9,8 +47% +44% 20,4% Billion $ Billion $ NEW BACKLOG INCREASE in INCREASE in EBITDA CONTRACTS REVENUE EBITDA MARGIN (TL) Financial Highlights (Million TL) Sep'18 Sep'19 ∆% Net Sales 5.214 7.648 47 Gross Profit 1.273 1.850 45 Gross Profit Margin 24,4% 24,2% Operating Pro
Slide 9: Our Backlog
Our Backlog Backlog History (Billion USD) New Contract Awards (Million USD) 4.057 $9,1 $9,8 2.881 $6,8 1.947 $6,2 2.070 1.920 1.148 $4,3 1.305 411 942 701 1.704 1.154 954 632 958 351 579 406 346 2015 2016 2017 2018 2019 3Q 2015 2016 2017 2018 2019 3Q <50 50-300 >300 Book-to-Bill Ratio Backlog Aging
Slide 10: Our Backlog
Our Backlog Turkish Land Forces Maintenance ROKETSAN STM Savunma Teknolojileri Müh. Turkish Land Forces Maintenance Central Finance Unit Other TAI 13,2% Europe and Americas 9,2% Ministry of 0,2% BMC 10,1% National Defense Caspian Region 7,7% 1,7% Backlog Exports Client 5,0% Exports Distribution Pres
Slide 11: Prospective Projects and Potential Business Areas
Prospective Projects and Potential Business Areas Prospective Projects MILGEM I-Class Indigenous Laser Guidance Frigate Helicopter Kit Non-Defense Areas Railway Signaling Systems Energy Management and Smart Health Systems Grid Systems 11
Slide 12: The Biggest R&D Spender in Turkey
The Biggest R&D Spender in Turkey ASELSAN will not pay any corporate taxes till the end of 2023 due to tax incentives on R&D activities. R&D Spending Million TL 2.500 2.163 2.000 289 1.882 1.675 197 1.500 312 1.243 249 1.000 912 1.874 200 1.685 1.363 500 994 712 0 2015 2016 2017 2018 2019 3Q Client
Slide 13: 2019 Guidance
2019 Guidance 2018 2019 3Q 2019 Guidance 9.009 7.648 40%-50% Net Sales Million TL Million TL Growth EBITDA 21% 20,4% 19-21% Margin 738 498 1.000 CAPEX Million TL Million TL Million TL Tangible 342 M TL Tangible 243 M TL (37%) Tangible 650 M TL Intangible 396 M TL Intangible 255 M TL (73%) Intangible
Slide 14: Dividends and EPS
Dividends and EPS Dividend Per Share (per 100 shares) Earnings Per Share TL* (per 100 shares) + %5 224,4 214,7 15,3 + %56 137,6 + %80 7,6 7,8 6,5 76,2 + %257 4,2 21,3 2015 2016 2017 2018 2019 3Q 2015 2016 2017 2018 2019 3Q (*) Annualized. 14
Slide 15: Contact
Contact Address ASELSAN Elektronik Sanayi ve Ticaret A.Ş. Mehmet Akif Ersoy Mah. 296. Cad. No:16 06370 Yenimahalle, Ankara Phone: +90 312 592 10 00 Web www.aselsan.com.tr @ E-Mail aselsan.ir@aselsan.com.tr 15
Slide 16: Appendix
aselsan APPENDIX 16
Slide 17: Consolidated Balance Sheet (Million TL)
Consolidated Balance Sheet (Million TL) Assets Liabilities (Milllion TL) 31.12.2018 30.09.2019 (Milllion TL) 31.12.2018 30.09.2019 CURRENT ASSETS 11.617 12.089 CURRENT LIABILITIES 4.685 6.564 Cash and Cash Equivalents 3.116 1.764 Short-term Financial Liabilities 766 1.948 Trade Receivables 3.072 3.2
Slide 18: Income Statement
Income Statement Consolidated Income Statement (Million TL) (Milllion TL) 30.09.2018 30.09.2019 PROFIT OR LOSS Revenue 5.214 7.648 Cost of sales (-) (3.941) (5.798) GROSS PROFIT 1.273 1.850 General administrative expenses (-) (159) (239) Marketing expenses (-) (99) (129) Research and development exp
Slide 19: Forward Looking Statements
Forward Looking Statements The information contained herein has been prepared by ASELSAN (the Company). The opinions presented herein are based on general information gathered at the time of writing and are subject to change without notice. These materials contain statements about future events and
Slide 20: : YOUR:STRATEGIC
: YOUR:STRATEGIC IN FUT HNO