Galata Wind Enerji A.s. · BIST:GWIND
Galata Wind Enerji A.s — Investor Presentation (June 2021)
26 slides from Galata Wind Enerji A.s's investor presentation, June 2021
Slide 1: Galata Wind Enerji A.S.
GALATAWIND ¥ Galata Wind Enerji A.S. Nn”
Slide 2: Table of Contents
Table of Contents 1 – OVERVIEW OF GALATA WIND ENERJİ 2 – TURKEY ENERGY MARKET 3 – OPERATIONAL DATA 4 – FINANCIAL DATA 2
Slide 3: Overview of Galata Wind Enerji
OVERVIEW OF GALATA WIND ENERJİ 3
Slide 4: Information & Shareholder Structure
Information & Shareholder Structure COMPANY NAME Galata Wind Enerji A.Ş. DATE OF ESTABLISMENT Apr 4, 2006 SHARE CAPITAL ₺534.791.458 REGISTERED SHARE CAPITAL CEILING ₺1.000.000.000 DATE OF PUBLIC OFFERING Apr 22, 2021 LISTING BORSA İSTANBUL TICKER SEMBOL GWIND BIST ELEKTRİK/BIST YILDIZ/BIST TÜM/BIST
Slide 5: Company History
Company History ‘The Company trace name Erzurum SPP was acquired on 18 March 2019. Partial temporar Se eee ii lia capa a she companies were lee ae tel Coes Aeon rs 21 MW ws aR merged under the name ot eae are ipany commissioned at Mersin Galata Wind on October 2020, and nentes Py pode tale Wee mnt S
Slide 6: Corporate Governance
Corporate Governance Board of Corporate ESG Rating Certificate Directors 6 Board Members (2 Independent Members) Board of Audit, Corporate Governance, Early Risk Identification and Directors Committees Sustainability Committees Executive CEO, CFO, Head of Operational Management and Team Head of Lega
Slide 7: Turkey Energy Market
O? TURKEY ENERGY MARKET GALATAWIND 9°
Slide 8: Turkey Installed Capacity
Turkey Installed Capacity 7% Solar Toor 7.220 MW 0,3% 3% 2.831 MW Other Thermal 7% 10% 258 MW Unlicensed 0,1% BOT Wind 7.176 MW 127 MW 9.819 MW 21% Coal 20.323 MW 32% Installed Capacity Installed Capacity by Energy Resources by Energy Utilities Hydro 31.431 MW 22% 68% 26% EÜAŞ Production Natural Gas
Slide 9: Turkey Installed Capacity
Turkey Installed Capacity +447 35 30,984 31,431 +58 Installed Göre Kaynağına Capacity Kuruluby Resources Güç – FY/ Haziran 2020 Yıl Sonu 2020 / 2021 H1 2021 30 FY 2020 2020 Yıl Sonu H1Haziran 2021 2021 25,675 25,733 0 25 20,323 20,323 20 +987 15 9,819 +553 +282 8,832 7,220 -54 10 3,380 6,667 3,098 0
Slide 10: Turkey Energy Market | Installed Capacity
Turkey Energy Market| Installed Capacity Installed Capacity by Years and Resources (GW) Installed Capacity by Resources as of Jun,2021 (%) 2010-2021 June CAGR: 6,7% 98,2 95,9 7% 88,6 91,3 10% 21% 85,2 6,7 7,2 78,5 6,0 5,1 9,8 73,3 3,4 8,8 69,5 0,8 6,5 7,0 7,6 98.2 GW 5,8 64,0 0,2 0,0 4,5 57,1 3,6 52
Slide 11: Turkey Energy Market | Electricity Consumption
Turkey Energy Market| Electricity Consumption 350.000 292.172 290.447 291.429 300.000 279.286 289.980 257.220 265.724 242.370 246.357 250.000 230.306 15,1% 210.434 200.000 190.000 198.085 194.079 174.637 160.794 155.813 141.151 150.018 135.426 150.000 100.000 50.000 0 2003 2004 2005 2006 2007 2008 2
Slide 12: Electricity Prices
Electricity Prices Y ea r T L/MW h Electricity Prices (TL/MWh) 2011 149,77 550,00 2012 149,56 500,00 518,37 2013 150,08 450,00 2014 163,97 400,00 402,03 2015 138,03 350,00 360,59 308,20 318,70 314,61 298,41 291,31 297,87 293,35 2016 140,36 311,41 312,15 304,55 298,70 291,32 300,00 2017 163,89 297,72
Slide 13: Operation
OS OPERATION GALATAWIND J”
Slide 14: Galata Wind Portfolio
Galata Wind Portfolio Çorum SPP (Unlicensed) Taşpınar WPP Activated on March 2021 Şah WPP Mersin WPP Erzurum SPP 11st Biggest WPP in Among first three WPP in Turkey (Unlicensed) Turkey in terms of efficiency Mersin WPP Şah WPP Taşpınar WPP Çorum SPP Erzurum SPP TOTAL Installed Capacity 62,7 MW 105 M
Slide 15: Şah WPP
Şah WPP 105 MWm / 105 MWe Capacity USD 73 / MWh + TL 9,75 / MWh1 Sales Price ~330 GWh Annual Generation2 Santral Bilgileri Lisans Tarihi / Süresi 10/04/2008 / 49 yıl Lokasyon Bandırma, Balıkesir Geçmiş Yıllar Net Üretim Figürleri (GWh) Geçmiş Yıllar Ortalama Emreamadelik (%) Kurulu Güç 105 MWe / 105
Slide 16: Mersin WPP
Mersin WPP 62,7 MWm / 56,85 MWe Capacity1 MCP + TL 9,75 /MWh2 Sales Price ~200 GWh Annual Generation3 Mersin WPP installed capacity has increased as 5,85 MWe and reach to 56,85MWe total electricity capacity as of 28 May 2021. Santral Bilgileri Lisans Tarihi / Süresi 05/07/2007 / 49 yıl Geçmiş Yıllar
Slide 17: Taşpınar WPP
Taşpınar WPP Generation at full capacity started on March 2021 67,2 MWm / 60 MWe Capacity USD 94 /MWh + TL 9,75 /MWh2 Sales Price Hybrid Investment: With the permission of ~190 GWh1 Expected Annual Generation EMRA (Turkey Energy Market Regulatory Authority), if result of the EIA report will be posit
Slide 18: Çorum SPP
Çorum SPP 9,4 MWm / 8 MWe Capacity USD 133 /MWh Sales Price ~14 GWh Annual Generation1 Santral Bilgileri Geçmiş Yıllar Net Üretim Figürleri (GWh) Lisans Tarihi / Süresi Lisanssız Lokasyon Merkez, Çorum Kurulu Güç 8 MWe / 9,4 MWm Üretim Başlangıç Tarihi 19/12/2017 YEKDEM Bitişi 2027 YEKDEM Fiyatı 133
Slide 19: Erzurum SPP
Erzurum SPP 24,7 MWm / 19,8 MWe Capacity USD 133 /MWh Sales Price ~40 GWh Annual Generation1 Santral Bilgileri Lisans Tarihi / Süresi Lisanssız Geçmiş Yıllar Net Üretim Figürleri (GWh) Lokasyon Karayazı/Hınıs/Aziziye, Erzurum Kurulu Güç 19,8 MWe / 24,7 MWm Üretim Başlangıç Tarihi 31/12/2018 YEKDEM B
Slide 20: Operation | Generation
Operation | Generation Development of the Portfolio’s Generation Over the Years* (GWh) 601,1 556,3 14,4 514,0 13,9 39,9 462,7 13,8 28,8 2,4 428,4 437,1 421,0 386,3 384,1 326,0 344,2 308,6 317,3 326,8 276,9 6,4 299,3 325,8 20,5 291,6 294,6 6,8 277,0 272,5 42,9 193,0 18,8 150,4 137,7 61,6 182,9 186,8
Slide 21: Financial Data
O4 FINANCIAL DATA GALATAWIND 9
Slide 22: Financial Data | Summary-1
Financial Data | Summary-1 Net Debt Position (TRY mn) and Net Debt Position / EBITDA Ratio 2,05 600 Mn TRY 31.Dec.2020 30.Jun.2021 2,03 580 2 Financial Liabilities 550,6 776,2 1,95 576,7 560 540 1,9 Cash 66,1 199,5 520 1,85 500 Net Debt Position 484,5 576,7 1,8 1,8 480 1,75 484,5 EBITDA 263,8 283,8
Slide 23: Financial Data | Summary-2
Financial Data | Summary-2 Revenue – TRY mn Gross Profit – TRY mn +34% +41% 332 244 248 +26% 173 +14% 180 143 116 102 2019 2020 2020/6 2021/6 2019 2020 2020/6 2021/6 EBITDA – TRY mn Net Profit – TRY mn +36% +143% 264 156 194 +18% 131 -72% 111 64 51 14 2019 2020 2020/6 2021/6 2019 2020 2020/6 2021/6
Slide 24: Financial Data | Loans
Financial Data | Loans Hypovereinsbank Bank TRY Loan-1 TRY Loan-2 TRY Loan-3 Hermes Öncü Investment (EKF) Loan Utilization Date 18 Aug 2017 08 May 2020 09 Oct 2020 13 Oct 2020 30 Jun 2021 27 Dec 2019 Loan Utilization Amount EUR 14,5 mn TRY 60 mn TRY 120 mn TRY 69.9 mn EUR 20 mn USD 18 mn Remaining P
Slide 25: Financial Data | Balance Sheet – Profit & Loss Table
Financial Data | Balance Sheet – Profit & Loss Table Balance Sheet(TRYk) 31.Dec.2020 30.Jun.2021 Change(%) Income Statement (TRYk) 30.Jun.2020 30.Jun.2021 Change(%) Current assets 171,495 303,898 77,2% Revenue 142,684 180,069 26,2% Cash and cash equivalents 66,125 199,555 201,8% Cost of Sales (-) -4
Slide 26: Thank you!
GALATAWIND Thank you!
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