Galata Wind Enerji A.s. · BIST:GWIND
Galata Wind Enerji A.s — Q3 2025 Earnings Presentation
20 slides from Galata Wind Enerji A.s's earnings presentation, 2025
Slide 1: Galata Wind Enerji A.Ş. Investor Presentation Q3 2025
Galata Wind Enerji A.Ş. Investor Presentation Q3 / 2025 1. Energy Market in Turkey 2. Operational Data 3. Financial Data
Slide 2: Energy Market in Turkey
SECTION 1 Energy Market in Turkey
Slide 3: Turkey Installed Capacity | Sep 2025
Turkey Installed Capacity | Sep 2025 Total Installed Capacity 121,488 MW FUEL TOOR BOT SOLAR 0% 3% 0% 260 MW 3,245 MW 16 MW 20% 24,280 MW UNLICENSED COAL 19% 18% 22,557 MW 21,932 MW WIND 12% 14,152 MW EÜAŞ Installed Capacity Installed Capacity 17% by Energy Sources by Energy Utilities 20,841 MW NATU
Slide 4: Turkey Installed Capacity | Dec 2024/Sep 2025
Turkey Installed Capacity | Dec 2024/Sep 2025 INSTALLED CAPACITY BY ENERGY RESOURCES (MW) INSTALLED CAPACITY BY ENERGY UTILITIES (MW) 32,203 PRODUCTION 72,006 HYDRO +87 +2,823 32,290 COMPANIES 74,829 24,675 NATURAL GAS -190 24,485 21,573 EÜAŞ -732 21,879 20,841 COAL +53 21,932 12,576 18,442 WIND +1.
Slide 5: Turkey Energy Generation | Sep 2025
Turkey Energy Generation | Sep 2025 Total Energy Production 275,265 GWh SOLAR FUEL İHD YİD 11% 0% 2% 0% 571 GWh UNLICENSED 4,556 GWh 126 GWh 30,987 GWh 9% GEO/BIO COAL 25,258 GWh 6% 32% 16,240 GWh 88,640 GWh EÜAŞ WIND 13% 34,842 GWh 11% 30,740 GWh Generation by Generation by Energy Sources Energy Ut
Slide 6: Turkey Energy Generation | Sep 2024/Sep 2025
Turkey Energy Generation | Sep 2024/Sep 2025 GENERATION BY ENERGY RESOURCES (GWh) GENERATION BY ENERGY UTILITIES (GWh) 89,331 PRODUCTION 196,334 COAL -691 +14,148 88,640 COMPANIES 210,482 61,970 HYDRO -14,576 47,394 43,283 EÜAŞ -8,441 34,842 45,272 NATURAL GAS +15,420 60,692 26,882 17,790 WIND +3,85
Slide 7: Turkey Energy Market | Electricity Consumption
Turkey Energy Market | Electricity Consumption Total Consumption (thousand GWh) 347.9 332.9 331.1 330.3 296.7 304.2 303.3 306.1 279.3 274.0 257.2 265.7 263.1 242.4 246.4 230.3 210.4 198.1 194.1 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2024 2025 (Sep) (Sep)
Slide 8: Electricity Prices (2023-2025)
Electricity Prices (2023-2025) TRY/MWh 4,500 4,000 3,431 Average Prices (TRY) 3,500 2,191 2,965 2,939 2,803 2023 MCP 3,000 2,729 2,509 2,453 2,574 2,463 2,446 2,327 2,396 2,336 2,500 2,184 2,202 2024 MCP 2,233 2,478 2,589 2,000 1,771 2,251 2,250 2,126 2,095 2,067 2,075 1,943 1,958 1,977 2,007 1,500
Slide 9: Operational Data
SECTION 2 Operational Data
Slide 10: Galata Wind Portfolio
Galata Wind Portfolio Çorum SPP Taşpınar WPP and Good location and Erzurum SPP Hybrid SPP (Bursa) efficient operation Best generation in its Operational since March 2021 (Unlicensed) distribution zone Hybrid Solar added Dec. 2023 (Unlicensed) Şah WPP (Balıkesir) Among the biggest WPPs in Turkey Mersin
Slide 11: Key Operational Figures - WPP & SPP
Key Operational Figures - WPP & SPP Capacity Usage Factor WPP WPP Generation - GWh 50% 800 741 758 690 678 700 647 45% 600 547 556 40% 181 500 159 35% 400 344 322 333 317 322 212 300 160 30% 200 222 225 218 218 183 192 200 147 169 25% 238 255 100 20% 0 2020 2021 2022 2023 2024 2020 2021 2022 2023 20
Slide 12: Operation | Generation
Operation | Generation Generation Growth (GWh) 793 810 800 14 745 39 13 730 38 14 14 692 11 700 41 37 183 33 601 147 218 599 12 600 556 14 169 40 31 514 14 2 181 29 500 463 14 159 428 437 421 386 384 400 322 333 326 327 344 317 322 317 255 300 326 292 299 295 238 277 273 193 200 100 62 222 225 212 1
Slide 13: Ongoing Investments
Ongoing Investments Total Installed Capacity - Present 2026-2027 2030 Alapınar WPP (New License) 15.8 MW Mersin WPP 99.9 MW Şah WPP (Capacity expansion) 6.8 MW European SPP Investments 100 MW Şah WPP 105 MW Taşpınar WPP + Hybrid SPP 115.2 MW European SPP Investments 200 MW • Germany Agri PV 63 MW PP
Slide 14: Financial Data
SECTION 3 Financial Data Unless otherwise stated, financial data in the presentation expressed on a purchasing power basis of 30 September 2025.
Slide 15: Financial Performance
Financial Performance REVENUE EBITDA CapEx (million TRY) (million TRY) (million TRY) 2,232 1,563 1,290 Purchase of PPE & Intangible Assets -0.4% -3.5% -15% 2,242 2,232 1,620 1,563 1,518 1,290 2024 Sep 2025 Sep 2024 Sep 2025 Sep 2024 Sep 2025 Sep TOTAL ASSETS EQUITY FREE CASH (million TRY) (million T
Slide 16: Margins
Margins GROSS MARGIN EBITDA MARGIN NET DEBT*/EBITDA** (%) (%) (%) 48.29 70.06 0.40 54.29 72.27 70.06 48.29 0.51 0.40 2024 Sep 2025 Sep 2024 Sep 2025 Sep 2024 Sep 2025 Sep ROA ROE NET FINANCIAL DEBT*/EQUITY (%) (%) (%) 3.90 5.46 0.06 4.34 6.15 3.90 5.46 0.08 0.06 2024 Dec 2025 Sep 2024 Dec 2025 Sep 2
Slide 17: Balance Sheet Sep 2025/31 Dec 2024
Balance Sheet 30 Sep 2025/31 Dec 2024 Current Assets: Consolidated Financial Statement Change compared to 30 Sep 2025 31 Dec 2024 As of September 30, 2025, current assets decreased by 21% to TRY 1,598 million. (m TRY) 31 Dec 2024 The main reasons for the decrease are loan principal repayments and do
Slide 18: P&L Table - Sep 2025/2024
P&L Table - 30 Sep 2025/2024 Gross Profit: Consolidated Income Statement 30 Sep 2025 30 Sep 2024 Yearly Change (m TRY) Galata Wind’s consolidated revenues remained at the same level as last year, reaching TRY 2,231 million in the third quarter of 2025. Despite a 17% increase in PTF and a Revenue 2,2
Slide 19: Financial Data | Quarters before TAS Inflation Adjustments
Financial Data | Quarters before TAS 29 Inflation Adjustments Income Statement Q1-2023 Q2-2023 Q3-2023 Q4-2023 Q1-2024 Q2-2024 Q3-2024 Q4-2024 Q1-2025 Q2-2025 Q3-2025 Revenue 337,130,632 253,818,005 480,800,680 424,101,792 464,805,596 442,453,262 596,890,634 569,095,662 543,595,761 598,238,715 920,71
Slide 20: Disclaimer
Disclaimer All information contained in this presentation (“Presentation”), which consists of documents and appendices, is provided by Galata Wind Enerji A.Ş. It has been prepared by GWIND to present information, insights and statements about the company (GWIND). The accuracy, adequacy and completen
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