Cates Elektrik Uretim Anonim Sirketi · BIST:CATES
Cates Elektrik Uretim Anonim Sirketi — Çates Elektrik Üretim A.Ş. — Investor Presentation (December 2024)
25 slides from Cates Elektrik Uretim Anonim Sirketi's investor presentation, December 2024
Slide 1: CATES Investor Presentation 2024
CATES Investor Presentation 2024
Slide 2: Table of Contents
Table of Contents A Assessment of Financial Results B Information About the Company C Information About the Sector D Highlights of 2024 E Annexes 2
Slide 3: Assessment of Financial Results
A Assessment of Financial Results Çatalağzı Thermal Power Plant ended 2024 with gross electricity generation of 1,906 GWh, revenues of TRY 5,398 million, EBITDA of TRY 991 million and net loss of TRY -3,429 million. ➢ Our power plant generated 844 GWh of gross electricity in the first half of the ye
Slide 4: Information About the Company
Information About the Company
Slide 5: Key Information on Power Plant
B Key Information on Power Plant Catalagzi (CATES) Thermal Power Plant Catalagzi Thermal Power Plant Zonguldak, 314.68 MW License Installed License Licensing Operation Location Number Capacity Date Period Date Zonguldak / EÜ/5358- 314.68 MWe/ 18.12.2014 49 Years 22.12.2014 Catalagzi 1/03178 319.6 MW
Slide 6: Power Plant Equipment
B Key Information on Power Plant Power Plant Equipment Boiler: Natural circulation boiler with reheater, single burner, dome (Boiler is the process in which the energy is obtained by burning coal and converting pure water into superheated steam. Supplier: Transelektro) ▪ Boiler Heat Capacity: 480 t/
Slide 7: Milestones
B Milestones Özelleştirme Upon winningİdaresi Başkanlığı the tender tarafından organized by thedüzenlenen Privatization As decided in the public investment Çatalağzı B Santrali’ndeki 1. Ünite 1990 ihalenin kazanılması Administration, ile, Çatalağzı Çatalağzı ThermalTermik PowerSantrali ve bu Plant a
Slide 8: Shareholding Structure
B Shareholding Structure Parla Enerji Yatırımları A.Ş. (Parla Enerji) owns 79.99% of the Company's shares and the remaining 20.01% is publicly traded. Parla Enerji is wholly (100%) owned by Aydem Holding. Parla Enerji Publicly Traded Aydem Holding A.Ş. Yatırımları A.Ş. 79.99% 20.01% 100% Çates Elekt
Slide 9: Operational Management Performance at Global Standards
B Operational Management Performance at Global Standards ISO 14001 ISO 50001 Our operations at Catalagzi Environmental Energy Management Management Thermal Power Plant are carried out with the Integrated Management System. Our ISO 9001 ISO 45001 Quality Occupational internationally recognized Manage
Slide 10: Information About the Sector
Information About the Sector
Slide 11: Plays a strategic role in Turkey's energy sector and future
C Plays a strategic role in Turkey’s energy sector and future The growth of Turkish GDP… …drives electricity demand... ...with material further upside Real GDP (USDbn)1 Electricity demand (TWh)2 Per capita electricity consumption3 (MWh) 5.3% YBBO 2.8% 5.6% YBBO 7.0% 4,472 YBBO CAGR 399 3,457 348 7.7
Slide 12: Price Changes (2022 - 2023 - 2024 / TRY)
C Price Changes (2022 - 2023 - 2024 / TRY) ‘000 (k TRY) ‘000 (bin TRY) 3.9 3.9 3.9 3.7 3.7 3.7 3.5 3.4 3.4 3.4 3.4 3.5 3.5 3.4 3.4 3.1 3.1 3.1 2.8 2.8 2.8 2.6 2.6 2.4 2.52.6 2.32.3 2.3 2.4 2.4 2.4 2.4 2.4 2.3 2.3 2.4 2.3 2.3 2.3 2.2 2.22.1 2.2 2.3 2.2 2.4 2.2 2.2 2.3 2.1 2.1 2.1 2.2 2.2 2.2 2.1 2.3
Slide 13: Highlights of 2024
Highlights of 2024 ° . UN,Ns A CATALAGZI THERMAL POWER PLAT
Slide 14: Power Plant Electricity Generation
D Power Plant Electricity Generation Gross Generation (GWh) +53% +9% -6% 2,003 1,867 1,906 74% 1,219 69% 68% 44% 2021 2022 2023 2024 Capacity Factor 14
Slide 15: Power Plant Electricity Generation (Quarterly)
D Power Plant Electricity Generation Gross Generation (GWh) +74% +15% -15% 554 482 472 80% 68% 277 69% 40% 4Q21 4Q22 4Q23 4Q24 Capacity Factor 15
Slide 16: Operational Outcomes and Price Metrics
D Operational Outcomes and Price Metrics Annual +₺28 ₺ 2,516 +₺115 +25% ▬ Ash Sale Increase +₺53 Income +₺84 Contribution ▬ Capacity ▬ PFK Revenue ₺ 2,236 Contribution Income ▬ High Contribution ÇATES +₺40 +₺16 ₺ 2,017 Price Average ₺ 1,947 +₺14 Advantage Electricity ▬ Ash Sale Sales Price ▬ PFK Inc
Slide 17: Operational Outcomes and Price Metrics (4Q)
D Operational Outcomes and Price Metrics +₺190 +₺24 ₺ 2,728 Annual ▬ Ash Sale +35% Income Increase +₺27 Contribution +₺73 ▬ Capacity ₺ 2,415 ▬ PFK Revenue Income Contribution ▬ High Contribution Price +₺20 +₺21 ₺ 2,178 Advantage ÇATES ₺ 2,131 +₺5 Average ▬ PFK ▬ Ash Sale Electricity ▬ High Income Sa
Slide 18: Summary Financials
D Summary Financials Revenues Gross Profit mn TRY mn TRY 7,646 1,210 5,398 -29% -62% 456 2023 2024 2023 2024 EBITDA Net Profit mn TRY mn TRY 2,197 2,422 -59% n.m. 991 (3,429) 2023 2024 2023 2024 n.m.: not meaningful Note: In accordance with TAS 29, inflation accounting is applied on the presented fi
Slide 19: Summary Financials
a D Summary Financials Cash and Cash Equivalents Net Working Capital mn TRY 1,651 mn TRY 1,433 399 259 2023 2024 2023 2024 Net Financial Debt Earnings per Share mn TRY 0,1x -0,3x TRY 15.85 181 (316) (20.76) 2023 2024 2023 2024 Net Fin. Debt/EBITDA Note: In accordance with TAS 29, inflation accountin
Slide 20: Annexes
Annexes
Slide 21: Annex 1 - Summary Consolidated Tables (TFRS)
E Annex 1 - Summary Consolidated Tables (TFRS) Summary Statement of Financial Summary of Profit or Loss Statement December 31, 2024 December 31, 2023 December 31, 2024 December 31, 2023 Position (TRY mn) (TRY mn) Current Assets 1,732 3,138 Revenue 5,398 7,646 Non-Current Assets 7,665 12,995 Cost of
Slide 22: Annex 2 - Developments – Subsequent Period
E Annex 2 - Developments – Subsequent Period ✓ As of 1 January 2025, Mr. Hakan Kızıl has been appointed as the Power Plant Director of our Company. *For more information, please visit our Company's Public Disclosure Platform (KAP) page and/or the Material Event Disclosures page on our Company's Inve
Slide 23: Contact
E Contact Investor Relations Headquarters Elif Hamlacıoğlu Gedik Şahinler Mahallesi Şahinler (Küme Evler) Yatağan Termik Investor Relations Group Director Santrali Sitesi No: 259/1 Yatağan/Muğla Mehmet Yusuf Güngör https://www.cates.com.tr/en Investor Relations Manager Hüseyin Konur Investor Relatio
Slide 24: Disclosure Note
E Disclosure Note ✓ Nevertheless, Çates Elektrik Üretim A.Ş. makes no claims or guarantees about the accuracy or completeness of the information contained in this Report. The information contained in this presentation can be changed without notice. ✓ Information contained in this presentation does n
Slide 25: CATES Investor Presentation
CATES Investor Presentation 2024
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