Cates Elektrik Uretim Anonim Sirketi · BIST:CATES
Cates Elektrik Uretim Anonim Sirketi — Çates Elektrik Üretim A.Ş. — Q1 2025 Earnings Presentation
23 slides from Cates Elektrik Uretim Anonim Sirketi's earnings presentation, Mar 31, 2025
Slide 1: CATES Investor Presentation Q1 2025
CATES Investor Presentation Q1 2025
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 the First Quarter of 2025 E Annexes 2
Slide 3: Assessment of Financial Results
A Assessment of Financial Results Çatalağzı Thermal Power Plant completed the first quarter of 2025 with 468 GWh gross electricity generation, revenues of TRY 1,271 million, EBITDA of TRY 135 million and net loss for the period of TRY -266 million. ➢ Our power plant generated 468 GWh of gross electr
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 consumption (MWh)3 5.6% CAGR 2.8% 5.6% CAGR 7.0% 4.539 CAGR CAGR 399 3.464 348 7,5
Slide 12: Price Changes (2023 - 2024 - 2025 / TRY)
C Price Changes (2023 - 2024 - 2025 / TRY) ‘000 (k TRY) ‘000 (bin TRY) 3,4 3,9 3,9 3,7 3,7 3,5 3,53,4 3,4 3,4 3,4 2,8 3,1 3,1 2,6 2,6 2,4 2,8 2,5 2,5 2,5 2,4 2,8 2,4 2,4 2,3 2,2 2,3 2,2 2,62,2 2,1 2,3 2,3 2,1 2,1 2,1 2,4 2,4 2,0 2,1 2,3 2,3 2,0 2,2 2,3 2,4 2,4 2,2 2,2 2,2 1,9 2,0 2,3 2,2 2,2 2,2 1,9
Slide 13: Highlights of the First Quarter of 2025
Highlights of the First Quarter of 2025
Slide 14: Power Plant Electricity Generation
D Power Plant Electricity Generation Gross Generation (GWh) -5% +11% +2% 468 460 436 69% 67% 415 65% 61% 1Q 2022 1Q 2023 1Q 2024 1Q 2025 Capacity Factor 15
Slide 15: Operational Outcomes and Price Metrics
D Operational Outcomes and Price Metrics Annual +₺23 ₺ 2,722 +₺124 +%29 ▬ Ash Sale Increase +₺30 Income +₺159 Contribution ▬ Capacity ▬ PFK Revenue Income Contribution ₺ 2,387 Contribution ÇATES +₺11 +₺21 ₺ 2,110 ▬ High Average +₺58 Price Electricity ₺ 2,032 -₺11 ▬ Capacity ▬ Ash Sale Sales Price Ad
Slide 16: Summary Financials
D Summary Financials Revenues Gross Profit mn TRY mn TRY 1,422 105 -11% +692% 1,271 13 Q1 2024 Q1 2025 Q1 2024 Q1 2025 EBITDA Net Profit mn TRY mn TRY 208 128 -35% 135 n.m. (266) Q1 2024 Q1 2025 Q1 2024 Q1 2025 n.m.: not meaningful Note: In accordance with TAS 29, inflation accounting is applied on
Slide 17: Summary Financials
a D Summary Financials Cash and Cash Equivalents Net Working Capital mn TRY 439 mn TRY 1,619 382 1.578 Q4 2024 Q1 2025 Q4 2024 Q1 2025 Net Financial Debt Earnings per Share mn TRY TRY (302) 0.77 (348) (1.61) Q4 2024 Q1 2025 Q1 2024 Q1 2025 Note: In accordance with TAS 29, inflation accounting is app
Slide 18: Annexes
Annexes eee ‘ Wa J GATALAGZI THERMAL POWER PLANT
Slide 19: Annex - Summary Consolidated Tables (TFRS)
E Annex 1 - Summary Consolidated Tables (TFRS) Summary Statement of Financial Summary of Profit or Loss Statement March 31, 2025 December 31, 2024 March 31, 2025 March 31, 2024 Position (TRY mn) (TRY mn) Current Assets 1,959 1,907 Revenue 1,271 1,422 Non-Current Assets 8,286 8,436 Cost of Sales (1,1
Slide 20: Annex 2 - Developments – Subsequent Period
E Annex 2 - Developments – Subsequent Period ✓ As of 18.04.2025, the conclusion section of the Board of Directors Report on Related Party Transactions for the fiscal year 2025 has been published. *For more information, please visit our Company's Public Disclosure Platform (KAP) page and/or the Mater
Slide 21: 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, CPA https://www.cates.com.tr/en Investor Relations Group Manager Hüseyin Konur Inves
Slide 22: 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 23: CATES Investor Presentation Q1 2025
CATES Investor Presentation Q1 2025
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