Kontrolmatik Teknoloji Enerji Ve Muhendislik As · BIST:KONTR
Kontrolmatik Teknoloji Enerji Ve Muhendislik As — Q2 2023 Earnings Presentation
56 slides from Kontrolmatik Teknoloji Enerji Ve Muhendislik As's earnings presentation, October 2023
Slide 1: 2023 2nd 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 2nd Quarter Investor Presentation October 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 In 2Q23, revenues increased by 18% YoY to 354 million TL. 6M23 revenues increased by 76% YoY to 905 Revenue Performance million TL. Current revenues consist of System Integration, Controlix and Progresiva segments while Pomega and McFly will contribute to the financials starting fr
Slide 4: At a Glance, The Business, Growth Strategy, ESG, Financials
01 02 03 04 05 At a Glance The Business Growth Strategy ESG Financials page 5 page 16 page 39 page 42 page 46 4
Slide 5: Briefly Kontrolmatik
Briefly Kontrolmatik Established as an engineering and automation company in 2008 in İstanbul, Türkiye, Kontrolmatik is a vertically and horizontally integrated technology firm that generates cash flow from Engineering- Established # Employees* Procurement-Construction (EPC) operations. It went publ
Slide 6: Subsidiaries & Affiliates
6 Subsidiaries & Affiliates Subsidiaries & Affiliates Overseas Subsidiaries, Branches and Offices %88,1 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 Kontrol
Slide 7: Milestones
7 Milestones 2022 Kontrolmatik Technologies Inc. and 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 Türkiye’s first Completed one of the commercial communication satel
Slide 8: Development Process
8 Development Process Technology Provider 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 Organization
9 Strong Management Sami Aslanhan 28,96% Free Float 42,21% 42% Sami Aslanhan Ömer Ünsalan Murat Tanrıöver Prof. Dr. B. Koray Tunçalp Bikem Kanık Chairman Deputy Chairman Board Member Independent Board Member Independent Board Member Ömer Ünsalan 28,83% *As of 05.10.2023 Osman Şahin Köşker General Ma
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 one generation, transmission, distribution, and solutions for both conventional systems transportatio
Slide 12: Global Power
Global Power Türkiye– Kar-Demir Iron & Steel 400 kV GIS Substation Türkiye– Kontrolmatik has successfully Yeniköy & Kemerköy 5*260 MW completed more than 300 Türkiye– CHPP Rehab. of HV/MV/LV Lithium-Ion Energy Storage projects in 35 countries with its Germany– System Energy Storage reliable and powe
Slide 13: Mobile Energy Solutions Factory
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 Mobile
Slide 14: Keys to Our Success
Keys to Our Success Cash Generation Many Project References Reliable Partner Expert Organization Ability To Work Ability to produce turnkey or With the completion of many Long-term solution Qualified and expert staff - 60% Independently project-specific solutions in domestic and international partne
Slide 15: At a Glance, The Business, Growth Strategy, ESG, Financials
01 02 03 04 05 At a Glance The Business Growth Strategy ESG Financials page 5 page 16 page 39 page 42 page 46 15
Slide 16: Türkiye's Lithium-ion (LFP) Battery Cell Giga Factory Opened!
Türkiye's Lithium-ion (LFP) Battery Cell "Giga Factory" Opened! Ankara, Türkiye At a Glance | Business | Growth Strategy | ESG | Financials 16 pomega.com
Slide 17: Highlights
Highlights The region's first Prismatic type Lithium-Ion (LiFePO4) Battery Cell "Giga Plant" was opened in August 2023, It will produce LFP battery cells and energy storage systems, 500 MWh/year inaugural capacity will be increased to 3 GWh/year in 2024, By 2025, it will reach 600 employees, Integra
Slide 18: LFP Battery Cell Growth Information
Market Info LFP* Battery Sector Growth and Market Size Forecasts LFP Battery Cell Growth Information LFP Battery Growth and Market Size Forecasts by Segment CAGR: %14,9 LFP Battery Growth *LFP: lithium iron phosphate At a Glance | Business | Growth Strategy | ESG | Financials 18 pomega.com 18
Slide 19: Market Info
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 2026
Slide 20: Energy Storage Road Map
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 charging
Slide 21: USA
USA Highlights The Giga Factory is being built on 320.000 m2 of land in South Carolina, The integrated factory investment is approximately 358 million dollars, Prismatic Lithium-Iron Phosphate battery cells and derivatives will be produced, It will start production with a capacity of 3 GWh/year in t
Slide 22: USA
USA 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 addition to the $127 million incentive p
Slide 23: Energy Investments
Energy Investments Progresiva is Türkiye's first and largest grid-scale Energy Storage Project. It has a total energy storage capacity of 1 GWh. The project also includes a 250 MW wind park with an annual electricity generation of 875 GWh. It is located in the Thrace Region, very close to İstanbul (
Slide 24: Controlix IoT Solutions Provider
Controlix IoT Solutions Provider Controlix is an Internet of Things (IoT) company with its own cloud software and hardware with more than 40 sensors. It is an interactive platform developed by the Kontrolmatik Engineering team that can collect millions of pieces of data, perform real-time analysis,
Slide 25: IoT
IoT 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: Some Developments
Some Developments Some of the ongoing R&D studies; With 4 metropolitan cities, a remote meter reading pilot project was initiated with a total of 1 million meters in villages to prevent water leakages in rural areas, Image process with Edge Computing was integrated into product 10.000 sensors were d
Slide 27: Satellite and Space Technologies
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 mon
Slide 28: Our World of Satellite and Space
Our World of Satellite and Space At a Glance | Business | Growth Strategy | ESG | Financials 28 plan.space 28
Slide 29: Our Satellite and Space Roadmap
Our Satellite and Space Roadmap 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 Aiming to be
Slide 30: Robot Technologies
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 work along
Slide 31: Robot Technologies
Robot Technologies At a Glance | Business | Growth Strategy | ESG | Financials 31 mcflyrobot.com
Slide 32: Robot Technologies
Robot Technologies 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
Slide 33: Energy Technologies
Energy Technologies 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 Silicon Anode doctorate degrees. Kontrolmatik owns 50,1% of the Company, which will contribute to the R&D activities o
Slide 34: Mint Electric Vehicle Technologies Inc.
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 Reconciliati
Slide 35: Promotion and Education Inc.
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 software solutions with
Slide 36: Antimony Mining
Antimony Mining Üç Yıldız Antimony Mining company has a 783 hectare antimony field and flotation plant in Göynük Village, Gediz district of Kütahya province. The plant has a daily antimony flotation line with a capacity of 250 tons/hour and an annual processing capacity of 75.000 tons of lapping ant
Slide 37: kontrolmatik.com
37 Lithium Accumulator Hybrid Inverter Plan-S IoT Satellites LFP Battery Cell LFP Battery Cell Residential Energy Storage Systems IoT Modules Floating SPP Platform Battery Module Mobile Substation kontrolmatik.com Collaborative Robotic Arm Energy Storage System Battery Cabinet 37
Slide 38: At a Glance, The Business, Growth Strategy, ESG, Financials
01 02 03 04 05 At a Glance The Business Growth Strategy ESG Financials page 5 page 16 page 39 page 42 Page 46 38
Slide 39: Horizontal & Vertical Integration
Horizontal & Vertical Integration Kontrolmatik signs contracts for international projects in its core business areas and generates cash and profit to be used in R&D activities. Considering the future of the world, the Company aims to create a sustainable, carbon neutral and livable future and invest
Slide 40: For a sustainable future
For a sustainable future In 2023; ~4,0 Billion TL Revenue ~1,0 Billion TL EBITDA R&D Investments: >3% of Sales Revenue Capital Expenditures (excluding R&D): up to 6% of Sales Revenue Backlog Size: ~5,3 Billion TL - about 70% FX Based (As of September 30 2023) FX Position Ongoing Projects Low Provisi
Slide 41: At a Glance, The Business, Growth Strategy, ESG, Financials
01 02 03 04 05 At a Glance The Business Growth Strategy ESG Financial page 5 page 16 page 39 page 42 page 46 41
Slide 42: Holistic and Transparent Sustainability Governance
Holistic and Transparent Sustainability Governance In line with this commitment: We act environmentally and socially responsible in all our facilities and office spaces, we feel and act environmentally and socially responsible for our employees, for the people and communities living in the regions w
Slide 43: Transition to a Circular and Low Emission Economy
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 facilitie
Slide 44: We are in MSCI and FTSE index
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. We measure and monitor our ESG (Environment, Social, Governance
Slide 45: At a Glance, The Business, Growth Strategy, ESG, Financials
01 02 03 04 05 At a Glance The Business Growth Strategy ESG Financials page 5 page 16 page 39 page 42 page 46 45
Slide 46: Attractive Financial Figures
Attractive Financial Figures M TL 6M'21 6M'22 6M'23 23/22 ∆ 2Q22 2Q23 23/22 ∆ Solid Growth Revenue 194,0 513,7 905,2 76% 300,5 354,2 18% Revenue growth in 2Q23 was 18%, while 6- Gross Profit 61,8 164,1 50,3 -69% 109,4 11,8 -89% month growth was 76%. Increased weight EBIT 57,1 203,6 163,1 -20% 121,9
Slide 47: Stable Growth
Stable Growth Keys to Growth Revenue (TL M) EBITDA* (TL M) Current revenues consist of System Integration, Controlix and Progresiva segments. Pomega and McFly will contribute to financials starting in the fourth quarter of 2023. Due to barrier structure of the industry, larger projects can be undert
Slide 48: Simultaneous Growth in Revenue and Profit
Simultaneous Growth in Revenue and Profit 76% Revenue Increase in 6M23 147% Net Profit Growth in 2Q23 Top-Line– 6 Months (mTL) Top-Line– 2nd Quarter (mTL) Gross Profit, mTL EBITDA*, mTL Net Income, mTL 18% Revenue Growth in 2Q23 Increase in Project Sizes Thanks to Ability to Undertake Larger Project
Slide 49: Revenue Growth Reflected on Net Profit
Revenue Growth Reflected on Net Profit Net Income – 6M23 (M TL) Net Income – 2Q23 (M TL) At a Glance| Business | Growth Strategy | ESG | Financials 49 kontrolmatik.com 49
Slide 50: Debt Profile & FX Position
Debt Profile & FX Position FX Position as of 30.06.2023 (TL mn) Currency Breakdown As of 30.06.2023; 258 MTL Long Position TL & Euro based loans with high foreign currency share in revenue Maturity of Financial Debt Debt Profile as of 30.06.2023 (TL mn) 1.240 mTL Net Debt (Excluding Debt to Sharehol
Slide 51: Strong Financial Ratios Despite Ongoing Investments
Strong Financial Ratios Despite Ongoing Investments Positive ratios despite investments not yet reflected in Liquidity Ratios 2021/12 2022/12 2023/06 income Current Ratio 1,34 2,70 1,35 Liquidity Ratio 1,11 2,34 1,11 Low Financial Leverage Ratios Debt Ratios 2021/12 2022/12 2023/06 Net Financial Deb
Slide 52: Stock Performance Above the Market
$6 $8 $0 $2 $10 $12 $14 50 ₺ 0₺ 100 ₺ 150 ₺ 200 ₺ 250 ₺ 30.06.2022 30.06.2022 7.07.2022 7.07.2022 14.07.2022 $4 ; $1,70 14.07.2022 21.07.2022 30.06.2022 28,44 21.07.2022 28.07.2022 30.06.2022; 28.07.2022 4.08.2022 4.08.2022 11.08.2022 11.08.2022 18.08.2022 18.08.2022 25.08.2022 25.08.2022 1.09.2022
Slide 53: Revenue & Investment Projection by Segments
Revenue & Investment Projection by Segments Our revenue, CapEx and EBITDA expectations for 2023 and the following years, which we shared in our 1Q23 investor presentation, have been updated as a result of the revisions we made in the business plans of our Company and its subsidiaries for the followi
Slide 54: Consolidated Targets
Consolidated Targets 2023-2027 Kontrolmatik Consolidated Targets 2023 2024 2025 2026 2027 Revenue, m$ 146,3 $ 646,0 $ 1.506,3 $ 1.522,9 $ 1.521,6 $ CAPEX, m$ 141,2 $ 417,4 $ 98,4 $ 82,1 $ 49,8 $ EBITDA, m$ 32,7 $ 160,0 $ 382,0 $ 394,0 $ 390,0 $ EBITDA Margin 22,4% 24,8% 25,4% 25,9% 25,6% 1.600 $ 1.5
Slide 55: Addendum: Financial Figures in USD
Addendum: Financial Figures in USD M USD 6M'21 6M'22 6M'23 22/21 ∆ 2Q22 2Q23 22/21 ∆ Notes: Revenue 24,6 34,5 45,4 31% 19,0 16,9 -11% For Comparative Purposes Only Gross Profit 7,8 11,0 2,5 -77% 6,9 0,6 -92% EBIT Average USD/TRY rate is used for P/L 7,2 13,7 8,2 -40% 7,7 7,1 -8% items and period-end
Slide 56: controlling technology is controlling the future.
controlling technology is controlling the future. kontrolmatik.com 56/End
Kontrolmatik Teknoloji Enerji ve Mühendislik A.Ş. — Q2 2023 Earnings Presentation on 6ix