Cates Elektrik Uretim Anonim Sirketi · BIST:CATES
Cates Elektrik Uretim Anonim Sirketi — Çates Elektrik Üretim A.Ş. — FY2025 Earnings Presentation
22 slides from Cates Elektrik Uretim Anonim Sirketi's earnings presentation, December 2025
Slide 1: CATES Investor Presentation 2025
CATES Investor Presentation 2025
Slide 2: Table of Contents
Table of Contents A Assessment of Financial Results B Information About the Company C Information About the Sector D Highlights of 2025 E Annexes 2
Slide 3: Assessment of Financial Results
A Assessment of Financial Results Çatalağzı Thermal Power Plant completed 2025 with gross electricity generation of 2,034 GWh gross electricity generation, revenues of TRY 6,500 million, EBITDA of TRY 1,194 million and net profit for the period of TRY 1,788 million. ➢ In 2025, our power plant demons
Slide 4: Information About the Company
Information About the Company
Slide 5: Key Information on Power Plant
B Key Information on Power Plant Catalagzi (CATES) Thermal Power Plant Catalagzi Thermal Power Plant Zonguldak, 314.68 MW License Installed License Licensing Operation Location Number Capacity Date Period Date Zonguldak / EÜ/5358- 314.68 MWe/ 18.12.2014 49 Years 22.12.2014 Catalagzi 1/03178 319.6 MW
Slide 6: Key Information on Power Plant: Equipment
B Key Information on Power Plant Power Plant Equipment Boiler: Natural circulation boiler with reheater, single burner, dome (Boiler is the process in which the energy is obtained by burning coal and converting pure water into superheated steam. Supplier: Transelektro) ▪ Boiler Heat Capacity: 480 t/
Slide 7: Milestones
B Milestones Özelleştirme Upon winningİdaresi Başkanlığı the tender tarafından organized by thedüzenlenen Privatization As decided in the public investment Çatalağzı B Santrali’ndeki 1. Ünite 1990 ihalenin kazanılması Administration, ile, Çatalağzı Çatalağzı ThermalTermik PowerSantrali ve bu Plant a
Slide 8: Shareholding Structure
B Shareholding Structure Parla Enerji Yatırımları A.Ş. (Parla Enerji) owns 79.99% of the Company's shares and the remaining 20.01% is publicly traded. Parla Enerji is wholly (100%) owned by Aydem Holding. Parla Enerji Publicly Traded Aydem Holding A.Ş. Yatırımları A.Ş. 79.99% 20.01% 100% Çates Elekt
Slide 9: Operational Management Performance at Global Standards
B Operational Management Performance at Global Standards ISO 14001 ISO 50001 Our operations at Catalagzi Environmental Energy Management Management Thermal Power Plant are carried out with the Integrated Management System. Our ISO 9001 ISO 45001 Quality Occupational internationally recognized Manage
Slide 10: Information About the Sector
Information About the Sector
Slide 11: Plays a strategic role in Turkey's energy sector and future
C Plays a strategic role in Turkey’s energy sector and future The growth of Turkish GDP… …drives electricity demand... ...with material further upside Real GDP (USDbn)1 Electricity demand (TWh)2 Per capita electricity consumption (MWh)3 5.6% CAGR 2.8% 5.2% CAGR 7.0% CAGR 4.942 413 CAGR 361 3.767 7,7
Slide 12: Price Changes (2023 - 2024 - 2025 / TRY)
C Price Changes (2023 - 2024 - 2025 / TRY) ‘000 (k TRY) ‘000 (bin TRY) 3,4 3,9 3,9 3,7 3,7 3,5 3,53,4 3,4 3,0 3,4 3,4 2,9 2,9 2,8 2,8 3,1 3,1 2,7 2,7 2,6 2,6 2,4 2,8 2,5 2,5 2,5 2,5 2,5 2,4 2,8 2,4 2,4 2,3 2,3 2,2 2,3 2,2 2,2 2,2 2,6 2,1 2,1 2,3 2,4 2,0 2,1 2,3 2,1 2,1 2,4 2,32,0 2,3 2,0 2,3 2,4 2,4
Slide 13: Highlights of 2025
Highlights of 2025 ° . UN,Ns A CATALAGZI THERMAL POWER PLA!
Slide 14: Power Plant Electricity Generation
D Power Plant Electricity Generation Gross Generation (GWh) +9% - 6% +7% 2,033 2,034 1,906 %74 1,867 %74 %69 %68 2022 2023 2024 2025 Capacity Factor 15
Slide 15: Power Plant Electricity Generation (Quarterly)
D Power Plant Electricity Generation Gross Generation (GWh) +15% - 15% +12% 554 530 80% 76% 482 472 69% 68% 4Q22 4Q23 4Q24 4Q25 Capacity Factor 16
Slide 16: Summary Financials
D Summary Financials Revenues Gross Profit mn TRY mn TRY 634 7,065 598 6,500 +%6 -%8 8% 10% 2024 2025 2024 2025 Gross Margin EBITDA Net Profit mn TRY mn TRY 1,367 1,788 -%13 n.m. 19% 1,194 18% (4,489) 2024 2025 EBITDA Margin 2024 2025 n.m. : not meaningful Note: In accordance with TAS 29, inflation
Slide 17: Summary Financials
D Summary Financials Cash and Cash Equivalents Net Working Capital mn TRY mn TRY 1,201 2,563 1,876 528 2024 2025 2024 2025 Net Financial Debt Earnings / (Losses) per Share mn TRY TRY 10,83 (419) (1,106) (27,19) 2024 2025 2024 2025 Note: In accordance with TAS 29, inflation accounting is applied on t
Slide 18: Annexes
Annexes eee ‘ Wa J GATALAGZI THERMAL POWER PLANT
Slide 19: Annex - Summary Solo Tables (TFRS)
E Annex 1 - Summary Solo Tables (TFRS) Summary Statement of Financial Summary of Profit or Loss Statement December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024 Position (TRY mn) (TRY mn) Current Assets 2,958 2,268 Revenue 6,500 7,065 Non-Current Assets 12,022 10,033 Cost of Sales (
Slide 20: Contact
E Contact Investor Relations Tel : +90 372 264 30 50 investorrelations@cates.com.tr https://www.cates.com.tr/en/investor-relations Headquarters Şahinler Mahallesi Şahinler (Küme Evler) Yatağan Termik Santrali Sitesi No: 259/1 Yatağan/Muğla https://www.cates.com.tr/en 22
Slide 21: Disclosure Note
E Disclosure Note ✓ Nevertheless, Çates Elektrik Üretim A.Ş. makes no claims or guarantees about the accuracy or completeness of the information contained in this Report. The information contained in this presentation can be changed without notice. ✓ Information contained in this presentation does n
Slide 22: CATES Investor Presentation
CATES Investor Presentation 2025
Çates Elektrik Üretim A.Ş. — FY2025 Earnings Presentation on 6ix