Aselsan Elektronik Sanayi Ve Ticaret A.s. Class B · BIST:ASELS
Aselsan Elektronik Sanayi Ve Ticaret A.s. Class B — Aselsan — Investor Presentation (February 2023)
18 slides from Aselsan Elektronik Sanayi Ve Ticaret A.s. Class B's investor presentation, February 2023
Slide 1: Investor Presentation February 2023
Investor Presentation February 2023
Slide 2: Türkiye and ASELSAN's Place in Global Defense
Türkiye and ASELSAN’s Place in Global Defense 2021 Top 10 Spenders vs. Türkiye Military Spending of Türkiye (5 year averages) (Billion $) (Billion $) United States of… 801 18,00 China 293 16,00 India 77 14,00 United Kingdom 68 12,00 Russia 66 10,00 France 57 8,00 Germany 56 6,00 Saudi Arabia 56 4,00
Slide 3: Shareholder Structure
Shareholder Structure Shareholder Structure Turkish Armed Forces Foundation (TAFF) ASELSAN, TAFF BOARD OF TRUSTEES -President (Chairman) is the only defense company listed on BIST. -Vice President - Minister of National Defense - Chief of General Staff - President of Defence Industries Free Float TA
Slide 4: Field of Activities
Field of Activities TRANSPORTATION, COMMUNICATION MICROELECTRONICS SECURITY, ENERGY, RADAR, ELECTRONIC DEFENSE SYSTEMS INFORMATION GUIDANCE and ELECTRO- AUTOMATION and WARFARE TECHNOLOGIES TECHNOLOGIES OPTICS HEALTHCARE Avionic Systems Military Communications Radar Systems Air & Missile Defense Secu
Slide 5: Our Affiliates
Our Affiliates ROKETSAN ASELSANNET ASELSAN KONYA SİLAH SİSTEMLERİ ASPİLSAN ENERJİ SANAYİ VE TİCARET Share : 15% Share: 100% Share: 51% A.Ş. Partner: TSKGV Partner: Konya Founded: 2004 Founded: 1988 Defence Industry Share: 1% Assets: 144,8 Mio $ Assets: 982 Mio $ (*) Founded: 2018 Ortak: TSKGV Assets
Slide 6: Human Resources
Human Resources Talent Management Total Employees : 9.935 University-Industry Cooperation Engineers : 5.613 Location and Fringe Benefits Back to Türkiye Project 6% 4% Administrative Projects Carried Out with Universities Support 28% Technicians Internship and Co-op Opportunities for High school and
Slide 7: Domestic Sales and Exports
Domestic Sales and Exports MI LLI ON TL Domestic Sales Exports 35.282 36.000 33.000 75% 6.197 30.000 27.000 25% 24.000 20.139 24% 21.000 16.104 2.243 18.000 44% 13.013 15.000 66% 9.009 1.540 29.085 12.000 1.574 41% 5.412 9.000 41% 3.850 889 17.896 17% 8% 2.535 2.739 14.564 6.000 2.171 784 11.439 485
Slide 8: 2022 Financial Highlights
2022 Financial Highlights New Backlog Revenue Increase in EBITDA Contracts EBITDA Margin 1.604 Million 8.180 Million 35.282 Million USD USD TL 72% 27% Financial Highlights (Million TL) Dec.'21 Dec.'22 ∆% Net Sales 20.139 35.282 75 Gross Profit 6.649 11.783 77 Gross Profit Margin %33 %33 Operating Pr
Slide 9: Our Backlog
Our Backlog Backlog History (Billion USD) $9,7 $9,5 $9,1 $8,5 $8,2 2018 2019 2020 2021 2022 New Contract Awards (Million USD) 4.057 3.043 2.022 1.604 1.279 2018 2019 2020 2021 2022 >300 1.947 942 - 312 - 50-300 1.704 1.206 426 767 381 <50 406 895 853 943 1.223 9
Slide 10: Our Backlog
Our Backlog Ministry of National Defense 3,9% ASFAT BMC Europe and Americas TAI STM 13,2% Other 1,5% 11,6% ROKETSAN 1,9% Caspian Region Africa Export 3,4% 2,5% 12,9% Presidency of Defense Industries Middle East and Asia 56,5% 5,5% EUR Non- TRY Defense 13% Defense 92% EUR 23% 8% 34% Backlog Cost Back
Slide 11: The Biggest R&D Spender in Türkiye
The Biggest R&D Spender in Türkiye The incentive periods provided for Technology Development Zones and R&D design centers have been extended from 31.12.2023 to 31.12.2028. R&D Spending Million TL Milyon TL Externally-Funded R&D Internally-Funded R&D 9.995 10.000 1.853 8.000 5.615 6.000 912 3.356 949
Slide 12: 2023 Guidance
2023 Guidance Net Sales EBITDA Margin CAPEX > 40 % > 24 % 10 Billion TL 12
Slide 13: Our Strong Environment Performance
Our Strong Environment Performance Our Success in Climate Change We maintained our Climate Change success by scoring above the global and national average in CDP Climate Change and CDP Water Reports, which we have been involved in for years. Green Climate for Future With our projects described withi
Slide 14: Appendix
APPENDIX 14
Slide 15: Consolidated Balance Sheet (Million TL)
Consolidated Balance Sheet (Million TL) Assets Liabilities (Milllion TL) 31.12.2021 31.12.2022 (Milllion TL) 31.12.2021 31.12.2022 CURRENT ASSETS 23.175 38.299 CURRENT LIABILITIES 16.750 29.651 Cash and Cash Equivalents 2.492 5.687 Short-term Financial Liabilities 5.070 9.764 Trade Receivables 9.803
Slide 16: Income Statement
Income Statement Consolidated Income Statement (Million TL) (Milllion TL) 31.12.2021 31.12.2022 PROFIT OR LOSS Revenue 20.139 35.282 Cost of sales (-) (13.490) (23.498) GROSS PROFIT 6.649 11.784 General administrative expenses (-) (576) (1.206) Marketing expenses (-) (670) (878) Research and develop
Slide 17: Forward Looking Statements
Forward Looking Statements The information contained herein has been prepared by ASELSAN (the Company). The opinions presented herein are based on general information gathered at the time of writing and are subject to change without notice. These materials contain statements about future events and
Slide 18: Address
Address ASELSAN Elektronik Sanayi ve Ticaret A.Ş. Mehmet Akif Ersoy Mah. İstiklal Marşı Cad. No:16 06200 Yenimahalle, Ankara Telephone +90 850 828 1 828 E-Mail aselsan.ir@aselsan.com.tr Web Site www.aselsan.com.tr/en/investor-relations 18