Turcas Holding A.s. · BIST:TRCAS
Turcas Holding A.s — Turcas Petrol A.S. — 9M18 Earnings Presentation
13 slides from Turcas Holding A.s's earnings presentation, 2018
Slide 1: 9M18 Earnings Presentation
(UICOS 9M18 Earnings Presentation DISCLAIMER STATEMENT Turcas Petrol A.S. (“Turcas") has prepared this presentation document (the "Document”) consisting of documents thereto for the sole purposes of providing information and projections and statements retating to Turcas (the “Information’). Turcas c
Slide 2: 9M18 General Overview
9M18 General Overview Turcas Petrol IFRS Consolidated Net Income Bridging (9M18) 200 44 18 18 18 289 100 56 23 0 TP Net Loss -100 -184 MM TL -200 Turcas Kuyucak Net Income Management Fees Deferred Tax Holding&Turcas Net Loss Impact of Net Financing Geothermal Gross Contribution of STAŞ and Usufruct
Slide 3: At a glance - 9M18
At a glance- 9M18 >1 million 791 186 daily MM TL MM TL visitors via EBITDA Net 1,014 Income Shell & Turcas JV fuel stations 2.07 billion 611 14 kWh MM TL MM TL RWE & Turcas JV Generation Net Sales EBITDA 60 million 11.8 23 kWh USc/kwh MM TL Generation Feed -In Kuyucak EBITDA Geothermal Tariff 2
Slide 4: Shell & Turcas JV – 9M18 Key Highlights
Shell & Turcas JV – 9M18 Key Highlights Net Sales EBITDA MM TL MM TL 4% y/y 44% y/y 20,719 791 764 14,415 9M17 9M18 9M17 9M18 Net Income Shell & Turcas 9M18 Highlights MM TL • Sustained above sector volume growth 282 leading to maintained leadership position 186 • Net income impacted by i) FX losses
Slide 5: Shell & Turcas JV – 9M18 Key Highlights
Shell & Turcas JV – 9M18 Key Highlights Gasoline Sales (STAŞ) Diesel Sales (STAŞ) ths m3 4% y/y ths m3 4% y/y 597 576 3,254 3,117 9M17 9M18 9M17 9M18 Lubricants Sales (STAŞ) Onsite Market Share (9M18) ths m3 8% y/y 68 #1 63 Shell Others Lukoil 21.4% 19.2% 2.0% TP 3.5% Opet Aytemiz 17.8% 4.7% Total B
Slide 6: Continuous Cash inflows from Shell & Turcas
Continuous Cash inflows from Shell & Turcas Dividends & Management Fees & Preferred Dividends Received from Shell & Turcas MM TL 57 10 5 16 14 13 16 7 23 50 53 51 45 45 40 31 36 26 27 24 18 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Dividends Received from Shell & Turcas Management
Slide 7: Continuous Dividend Distribution
Continuous Dividend Distribution Dividends Paid by Turcas MM TL 31 31 26 Last 5 yr avg dividend yield: 2.5% 18 14 14 13 11 11 8 8 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 6
Slide 8: RWE & Turcas JV – 9M18 Key Highlights
RWE & Turcas JV – 9M18 Key Highlights Net Sales EBITDA MM TL MM TL 725 -16% y/y 48 611 14 9M17 9M18 9M17 9M18 Net Loss RWE & Turcas 9M18 Highlights MM TL • Highest quarterly net sales (318 MM TL) since 0 COD driven by recovery in capacity utilization rate • 42 MM TL capacity payments realized in 9M1
Slide 9: RWE & Turcas JV – 9M18 Key Highlights
RWE & Turcas JV – 9M18 Key Highlights Cash inflows to Turcas from RWE & Turcas JV Electricity Generation (under SHL repayment) billion kWh MM TL 32 3.33 - 38% 20 2.07 8 9 7 6 2013 2014 2015 2016 2017 2018 YTD 9M17 9M18 Gas Consumption Capacity Utilization Rate mcm % 638 70% - 37% 401 45% 9M17 9M18 9
Slide 10: Turcas Kuyucak Geothermal (TKG) PP-9M18 Key Highlights
Turcas Kuyucak Geothermal (TKG) PP-9M18 Key Highlights Net Sales EBITDA MM TL MM TL 41 33 30 23 9M18 2018 FY EXP 9M18 2018 FY EXP Electricity Generation Turcas Kuyucak Geothermal PP 9M18 Highlights million kWh 80 • Turcas Kuyucak contributing 60 positively to Turcas consolidated EBITDA driven by USD
Slide 11: Potential Project Pipeline
Potential Project Pipeline Geothermal Energy Turcas plans to grow in geothermal energy with the following projects: 1. Existing TKG Plant (TKG-1): We successfully drilled an additional re-injection well (3rd one) and a successful additional production well (7th one) with the goal of maximizing the g
Slide 12: Turcas Financial Overview
Turcas Financial Overview IFRS Consolidated Financial Statements & Financing Ratios Balance Sheet , million TL 2017 9M18 Ytd Income Statement, million TL 9M17 9M18 Y/Y Cash & Cash Equivalents 126 183 45% Revenues (Electricity Sales) 0 33 n.a S -T Rec. From Rel.Parties (mostly from RTG) 19 22 13% Oth
Slide 13: Thank you!
Thank you! Contact Information Erkan İLHANTEKİN Pınar SAATCIOĞLU CFO Head of Investor Relations E-mail: erkan.ilhantekin@turcas.com.tr E-mail: pinar.ceritoglu@turcas.com.tr Phone: +90 212 259 00 00 / Ext: 1270 Phone: +90 212 259 00 00 / Ext: 1287