Haci Omer Sabanci Holding A.s. · BIST:SAHOL
Haci Omer Sabanci Holding A.s — Hacı Ömer Sabancı Holding A.Ş. — Investor Presentation (August 2022)
20 slides from Haci Omer Sabanci Holding A.s's investor presentation, August 2022
Slide 1: Energy SBU Investor Presentation
ENERGY SBU INVESTOR PRESENTATION August 2022
Slide 2: Disclaimer
Disclaimer The information and opinions contained in this document have been compiled by Hacı Ömer Sabancı Holding A.Ş. (“Holding”) from sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or correctne
Slide 3: Content
Content Turkish Electricity Sector and its Importance for Sabancı 4-7 Generation Segment 8-11 Distribution and Retail Segment 12-14 Energy SBU Financials 15 Strategies for Future 16-19 3
Slide 4: Energy is an Attractive Sector for Sabancı
Energy SBU / Energy is An Attractive Sector for Sabancı….and It’s Getting More Important… • Directly linked with the welfare and development of the country Combined Energy SBU EBITDA (TL Bn)* Strategic 128% • Attractive growth potential (demographics, urbanization) CAGR YoY CAGR: xx% YoY • Well posi
Slide 5: Turkish Electricity Market Framework Replicates Tested Market Structures
Turkish Electricity Market Framework Replicates the Energy SBU / Tested Electricity Market Structures Leading Player in Electricity Generation and Trading Leading Player in Electricity Distribution and Retail 5% of Turkey 23% of Turkey Physical Flow Generation 1 Transmission Distribution 1 Strong •
Slide 6: Well Positioned & Strong Leader in Turkish Energy Industry
Enerji SBU / Well Positioned & Strong Leader in Turkish Energy Industry AYEDAŞ Distribution & Retail 14 6 BAŞKENT Ankara (Başkent) 21+ m Cities Metropoles Population Adana 10.4 m 35.8 TWh 11.8 m 4 HEPP Gaziantep Customers 2021 Trade Connections TOROSLAR 6 HEPP Volume TL18.7 bn 315,242 km RAB Network
Slide 7: Well Focused to Adapt to Market Developments by Splitting Business Lines
Enerji SBU / Well Focused to Adapt to Market Developments by Splitting Business Lines Growth & High Investment Turnaround Capital Recycling 2006-2013 2013-2017 2017 onwards 2010 – 2016 Hydro, wind and PV portfolio Generation commissions to optimize existing generation fleet Decision to defer new FOC
Slide 8: Generation: Strong Foundations in Established Regulatory Framework
Strong Foundations in Established Regulatory Framework and Enerji SBU: Generation / Clear Energy Policy Targets Change of Licensed Electricity Generation as Public-Private by Years (%) • Electricity demand grew by CAGR ~5% in the last 15 Strong electricity years and projected to continue growing sin
Slide 9: Generation: A Well-balanced, Efficient and Diversified Portfolio
Enerji SBU: Generation / A Well-balanced, Efficient and Diversified Portfolio A Hard Currency Business… Competitive advantages Breakdown of Generation EBITDA (H1 2022) Tolling, Asset Light Natural Gas: • Market leader amongst private generators (Highest prop trading etc. 14% • Merchant play renewabl
Slide 10: Generation: Solid balance sheet structure and strong operational performance
Enerji SBU: Generation / Solid balance sheet structure and strong operational performance Revenue (Bn TL) EBITDA* (Bn TL) EBITDA Margin Strong Free Cash Flow Generation (MTL) 37% 30% 22% 27% 20% 22% 14% 2,938 2,488 2,596 25.9 1,953 16.5 1,108 1,222 9.3 1,092 5.3 6.6 5.8 4.2 3.3 4.3 0.9 1.4 2.4 2.8 1
Slide 11: Generation: Effective Operations Across the Board
Energy SBU : Generation / Effective Operations Across the Board & More Liberalized Market Mechanism Generation: Latest Financials TL Spot Electricity Prices (TL/MWh, LHS) vs Natural Gas Prices(TL/sm3) Spot Prices (TL/MWh) BOTAŞ Tariff (TL/sm3) 2,500 14.000 2,250 12.000 2,000 1,750 10.000 1,500 8.000
Slide 12: Distribution & Retail: Strong Fundamentals for Continued Growth
Enerji SBU: Distribution & Retail / Strong Fundamentals for Continued Growth • Population growth of 1.4% p.a. since 2000, expected 0.6% Electricity per Capita Consumption p.a. until 2042 70 Room for Improvement to Reach European Countries Level GDP per capita (USDk, 2020) • Economic growth driven by
Slide 13: Distribution & Retail: An Inflation Linked Business with Real Return
Strong Position in Distribution and Retail Energy SBU: Distribution & Retail / An Inflation Linked Business with Real Return Competitive Advantages Supportive and Transparent Regulatory Framework Breakdown of EBITDA (H1 2022) • Turkey’s leading electricity distribution and retail company – Economies
Slide 14: Distribution – Heavily Concentrated on Network Investments
Distribution – Heavily Concentrated on Network Energy SBU Distribution & Retail / Investments but also an Important Efficiency Game CAGR Strong Historical Growth and Untapped Potential YoY Distribution Operational Earnings* 21% Regulated Asset Base (TL bn) 73% Breakdown (H1 2022) Others 18.7 11% 9.4
Slide 15: Robust performance driven by solid returns in generation in H1 2022
Energy SBU / Robust performance driven by solid returns in generation business in H1’2022 Revenue (Bn TL) EBITDA* (Bn TL) EBITDA* Margin Improvement in ROE Return on Equity (%) 21% 23% 23% 22% 18% 22% 14% 28% 27% 21% 62.1 18% 46.9 11% 23.6 26.0 31.1 16.5 17.7 8.7 8.9 5% 5.3 5.9 6.8 3.8 3.5 2017 2018
Slide 16: Clear Strategies for Sustained and Profitable Growth
Clear Strategies for Sustained and Profitable Growth Enerji SBU / with Efficient Investments and Operational Excellence • Leverage Customer Base into New Services and Customer • Strong financial structure and sustainable dividend Solutions payment • Synergies and economies of scale across businesses
Slide 17: Energy & Climate Technologies
Energy SBU / Energy & Climate Technologies Energy SBU assessed new business areas based on Sabancı Global and regional play Solar & Electrification Holding investment criteria, global Wind Alternative mega trends and industry/market Hybrid Electricity Sources Digitalization dynamics Solutions (PV&So
Slide 18: Energy and Climate Transition Between Emerging and Developed Markets
Energy SBU / Energy and Climate Transition Between Emerging and Developed Markets Digitalization and 01 Data Analytics We are committed to staying at the center of the technologies that will shape the future energy world Early Adopter of Game-Changing Technologies Enhanced Customer 02 We aim to buil
Slide 19: Holding Value Add
Energy SBU / Holding Value Add The first, fastest and largest E-charge station network in Turkey Solar Power Plants within the Group in Cooperation with Enerjisa Enerji 60K m2 3,370 kWp 7,479 Ground Area Solar Panels Solar Production Capacity Eşarj Stations As of the end of June Turkey’s National DC
Slide 20: Investor Relations Contacts
INVESTOR RELATIONS CONTACTS Kerem TEZCAN Investor Relations Director Şule GENÇTÜRK KARDIÇALIOĞLU For Further Investor Relations Manager Details ir.sabanci.com Hamza SÜMER Investor Relations Specialist Arda KAYMAZ Investor Relations Specialist investor.relations@sabanci.com
Hacı Ömer Sabancı Holding A.Ş. — Investor Presentation (August 2022) on 6ix