Galata Wind Enerji A.s. · BIST:GWIND
Galata Wind Enerji A.s — Q4 2024 Earnings Presentation
20 slides from Galata Wind Enerji A.s's earnings presentation, 2024
Slide 1: Galata Wind Enerji A.Ş. Investor Presentation Q4 2024
Galata Wind Enerji A.Ş. Investor Presentation Q4 / 2024 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 | Dec 2024
Turkey Installed Capacity | Dec 2024 Total Installed Capacity 115,382 MW FUEL TOOR BOT SOLAR 0% 3% 0% 261 MW 3,244 MW 116 MW 17% 19,618 MW UNLICENSED COAL 16% 19% 18,442 MW WIND 21,879 MW 11% 12,576 MW Installed Capacity EÜAŞ Installed Capacity by Energy Sources 19% by Energy Utilities 21,573 MW NAT
Slide 4: Turkey Installed Capacity | Dec 2023/Dec 2024
Turkey Installed Capacity | Dec 2023/Dec 2024 INSTALLED CAPACITY BY ENERGY RESOURCES (MW) INSTALLED CAPACITY BY ENERGY UTILITIES (MW) 31,779 PRODUCTION 71,439 HYDRO +424 567 32,203 COMPANIES 72,006 25,071 NATURAL GAS -396 24,675 21,208 EÜAŞ +365 22,098 21,573 COAL -219 21,879 11,697 10,336 WIND +879
Slide 5: Turkey Energy Generation | Dec 2024
Turkey Energy Generation | Dec 2024 Total Energy Production 348,906 MW SOLAR FUEL TOOR BOT 8% 0% UNLICENSED 2% 0% 27,806 MW 728 MW 5,267 MW 232 MW GEO/BIO 6% COAL 22,062 MW 6% 20,559 MW 35% 122.749 MW EÜAŞ WIND 16% 10% 54,774 MW 36,191 MW Generation by Generation by Energy Sources Energy Utilities N
Slide 6: Turkey Energy Generation | Dec 2023/Dec 2024
Turkey Energy Generation | Dec 2023/Dec 2024 GENERATION BY ENERGY RESOURCES (MW) GENERATION BY ENERGY UTILITIES (MW) 118,292 PRODUCTION 261,613 COAL +4,457 +4,958 122,749 COMPANIES 266,571 63,840 HYDRO +11,027 74,867 43,982 EÜAŞ +10,792 69,774 54,774 NATURAL GAS -3,768 66,006 36,503 16,304 WIND -312
Slide 7: Turkey Energy Market | Electricity Consumption
Turkey Energy Market | Electricity Consumption Total Consumption (thousand MWh) 347.9 332.9 331.1 330.3 330.3 296.7 304.2 303.3 306.1 279.3 257.2 265.7 242.4 246.4 230.3 198.1 210.4 194.1 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2023 2024 (Dec) (Dec) Total cons
Slide 8: Electricity Prices (2023-2024)
Electricity Prices (2023-2024) TRY/MWh 4,500 4,000 3,431 3,851 3,470 3,438 3,724 Average Prices (TRY) 3,500 3,067 3,000 2,500 2,803 2,126 2,047 2,340 2,589 2,574 2,396 2,336 2,463 2,446 2022 MCP 2,506 2023 MCP 2,191 1,943 1,958 1,764 1,907 2,330 2,000 1,771 2,251 2,250 2,190 2,095 1,977 2,007 2,067
Slide 9: Operational Data
SECTION 2 Operational Data
Slide 10: Galata Wind Portfolio
Galata Wind Portfolio Çorum SPP Taşpınar WPP (Bursa) (Unlicensed) Erzurum SPP Operational since March 2021 Best generation in its Hybrid Solar added Dec. 2023 distribution zone (Unlicensed) Şah WPP (Balıkesir) Among the biggest WPPs in Turkey Mersin WPP Among the best WPP in Turkey in terms of efficie
Slide 11: Key Operational Figures - WPP & SPP
Key Operational Figures - WPP & SPP Capacity Usage Factor WPP WPP Generation - GWh 50% 800 741 758 690 679 700 678 45% 600 547 218 40% 169 500 35% 400 344 192 218 322 333 317 300 30% 200 222 225 183 192 169 200 147 25% 317 322 100 20% 0 2020 2021 2022 2023 2024 2020 2021 2022 2023 2023 2024 (Dec) (D
Slide 12: Operation | Generation
Operation | Generation Generation Growth (GWh) 793 810 14 800 745 39 13 730 730 38 14 14 14 700 41 37 37 183 601 147 218 600 556 14 169 169 40 514 14 2 29 500 463 14 428 437 421 386 384 400 322 333 326 327 344 317 317 322 317 300 326 292 299 295 277 273 193 200 100 62 222 225 183 187 200 192 192 133
Slide 13: Ongoing Investments
Ongoing Investments Total Installed Capacity - Present 2025-2026 2030 Mersin WPP 62.7 MW Şah WPP 105 MW Mersin WPP (Capacity expansion) 39 MW European SPP Investments 100 MW Taşpınar WPP 79 MW Taşpınar Hybrid SPP (2nd Phase) 25 MW Taşpınar Hybrid SPP 16.4 MW Alapınar WPP (New License) 13.6 MW PPs wi
Slide 14: Financial Data
SECTION 3 Financial Data Unless otherwise stated, financial data in the presentation expressed on a purchasing power basis of 31 Dec 2024.
Slide 15: Financial Performance
Financial Performance REVENUE EBITDA CapEx (million TRY) (million TRY) (million TRY) 2,364 1,636 2,005 Purchase of PPE & Intangible Assets -12% -19% 6% 2,684 2,029 2,364 1,216 1,636 1,139 2,005 1,900 2023 Dec 2024 Dec 2023 Dec 2024 Dec 2023 Dec 2024 Dec TOTAL ASSETS EQUITY FREE CASH (million TRY) (m
Slide 16: Margins
Margins GROSS MARGIN EBITDA MARGIN NET DEBT / EBITDA* (%) (%) (%) 52.50 69.19 0.54 59.48 75.58 52.50 69.19 0.54 0.48 2023 Dec 2024 Dec 2023 Dec 2024 Dec 2023 Dec 2024 Dec ROA ROE NET FINANCIAL DEBT/EQUITY (%) (%) (%) 5.63 7.98 0.08 6.81 8.87 7.98 0.10 5.63 0.08 2023 Dec 2024 Dec 2023 Dec 2024 Dec 20
Slide 17: Balance Sheet Dec 2024/31 Dec 2023
Balance Sheet 31 Dec 2024/31 Dec 2023 Current Assets: Consolidated Financial Statement Change compared to 31 Dec 2024 31 Dec 2023 As of December 31, 2024, current assets increased by 243% to TRY 1,617 million. (m TRY) 31 December 2023 Cash and cash equivalents increased by TRY 1,223 million and trad
Slide 18: P&L Table - Dec 2024/2023
P&L Table - 31 Dec 2024/2023 compared to the same period last year. Consolidated Earnings Before Interest, Taxes, Consolidated Income Statement 31 Dec 2024 31 Dec 2023 Yearly Change Depreciation and Amortization (EBITDA) decreased by 19% to TRY 1,635.81 million (m TRY) (2023: TRY 2,028.54 million).
Slide 19: Financial Data | Quarters before TAS 29 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 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 Cost of Sales (-) -74,300,897 -72,654,771 -120,057,639
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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