Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi Ve Ticaret · BIST:SMRTG
Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi Ve Ticaret — Smart Güneş Enerjisi Teknolojileri Araştırma Geliştirme Üretim Sanayi ve Ticaret A.Ş. — Investor Presentation (May 2023)
47 slides from Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi Ve Ticaret's investor presentation, May 2023
Slide 1: 2023 Q1 Investor Presentation
smartsolar.com.tr 2023 Q1 INVESTOR PRESENTATION
Slide 2: We turned our face to the sun
WE TURNED OUR FACE TO THE SUN... SmartZ
Slide 3: Company established in 2009, headquartered in Istanbul
A wide range of solar solutions to commercial and One of the leading PV solar module Turnkey installation & Solar power plant retail users integrated solar production engineering services investments companies Our company was established in 2009, headquartered in Istanbul. Smart Solar Technologies c
Slide 4: EPC and vertical integration
INVESTMENT VERTICAL In operation 150+ MW INTEGRATION EPC OUR COMPETITIVE STRATEGY Provided EPC services 500+ MW installed PV MODULE PRODUCTION Production Capacity 2.9 GW (2024 Q1) Smart Solar Technologies is active in large parts of the PV Value Chain. We believe in the future of solar energy and we
Slide 5: About Us
ABOUT US PV MANUFACTURING 1000+ 2.900 MW 2.000 MW %95 69.363 m² Employees PV Module Production Cell Production Capacity Automation Facility Area %49 Female Employee Capacity (2024 Q1) (2024 Q1)
Slide 6: About Us: Guiding Principles
ABOUT US Guiding Principles QUALITY MANAGEMENT VALUE ENGINEERING INVESTMENT OF KINDNESS Our Awards
Slide 7: Value Engineering
Value Engineering With this understanding, we present our perspective that adds value to the sector by developing an engineering strategy that will perfect the performance, quality and cost triangle. To be a pioneer in the production and installation of innovative solar module technologies and to sp
Slide 8: Solar Energy in the World
Solar Energy in the World In order to reach the net zero carbon emission target by 2050, it is predicted that electricity generation will depend heavily on renewable energy sources. World Installed Power Development (GW, 2000-2050) CAGR 19,924 CAGR (2000-2020) 1.872 (2020-2050) 15,431 2.585 %6,8 11,
Slide 9: Solar Energy in the World
Solar Energy in the World Renewable Energy Installed Power Development (GW, 2000-2050) 18,052 12,846 CAGR CAGR (2000-2020) 8.519 (2020-2050) 7,736 5.761 %40,3 %8,6 3.151 6.044 2,823 4.330 1,867 2.526 908 1,23 710 759 732 6 1.212 1.444 1.646 1.822 2000 2005 2010 2015 2020 2030 2040 2050 Hydroelectric
Slide 10: Solar Energy Sector in Türkiye and in the World
Solar Energy Sector in Türkiye and in the World Türkiye, together with Spain and Portugal, are among the top 3 countries with the highest solar energy potential in Europe. According to the Solar Energy Potential Atlas (GEPA) prepared by the Ministry of Energy and Natural Resources, the average annua
Slide 11: Solar Energy Sector in Türkiye
Solar Energy Sector in Türkiye Türkiye is among the 10 countries with the G20 Countries with the Highest Producers of Solar Energy per capita (first 10) and radiation potential, highest solar energy production per capita (kWh/person,kWh/m2/day,2019) among the G20 countries. Türkiye's solar radiation
Slide 12: Solar Energy in Türkiye
Solar Energy in Türkiye Installed Power Development in Türkiye by Years MW
Slide 13: Electricity Installed Capacity in Türkiye
Electricity Installed Capacity in Türkiye The installed electricity production capacity, which was 95.9 GW in 2020, will increase to 189.7 GW in 2035. The share of renewable energy sources, which was 52.0% in the installed power in 2020, reaches 64.7% by 2035. Hydroelectric power plants reach an ins
Slide 14: New Capacity Commissioned in Türkiye
New Capacity Commissioned in Türkiye The amount of new capacity to be commissioned in the 2021-2035 period is at the level of 96.9 GW In terms of five-year periods, a new capacity of 21.6 GW in the 2021-2025 period, 34.3 GW in the 2026-2030 period, and 41.0 GW in the 2031-2035 period should be commi
Slide 15: Solar Energy in Turkiye: Distribution of Monthly Generation
Solar Energy in Turkiye DISTRIBUTION OF MONTHLY GENERATION BY RESOURCES 31.03.2023 @ orner var GENERATION pawn [__% pias Ge oT = eerepe7s| —— aan peer asa] as aioe os ae a ere sS [7 ie soae a To ores Sram] —— aa = aa7asand| tao ae anf 0 emt Gee seaman] ——iass Ras of Rr 3assn7o] en oo isis noe er TTI
Slide 16: Solar Energy in Türkiye
Solar Energy in Türkiye Türkiye Energy Installed Power Development (MW) As of the end of March 2023, the installed power of our country has reached 104,374 MW. As of the end of March 2023, the distribution of our country's installed power by resources; 30.3% hydraulic energy, 24.3% natural gas, 20.9
Slide 17: Solar Energy in Türkiye
Solar Energy in Türkiye Resources in Electricity Generation (TWh) Share of Resources in Electricity Generation 2025 2030 2035 2025 2030 2035 Thermal 196,4 201,2 173,7 Thermal 51,70% 44,50% 34,20% Nuclear 18,6 37,2 55,8 Nuclear 4,90% 8,20% 11,10% Hydraulic 81,9 87,9 87,9 Hydraulic 21,50% 19,40% 17,30
Slide 18: Ownership Structure
Ownership Structure 24,97% PUBLIC PART 75,03% SMART HOLDİNG A.Ş. Partner's Name-Surname/Trade Title Share in Capital Currency Share in Capital (%) SMART HOLDİNG ANONİM ŞİRKETİ 229.584.000 TRY 75,03 PUBLIC PART 76.416.000 TRY 24,97 TOTAL CAPITAL 306.000.000 TRY 100 BIST Ticker SMRTG IPO Date 24.03.20
Slide 19: Smart Güneş Corporate Structure
Smart Güneş Corporate Structure Smart Güneş has 9 subsidiaries in three different countries. . Halil Demirdağ Hakan Akkoç %95 %5 Smart Holding A.Ş. %24,97 %75,03 Smart Güneş Enerjisi Public Teknolojileri Ar-Ge Üretim Section San. ve Tic. A.Ş. Smart Güneş is a leading solar energy company providing e
Slide 20: About Us: Company history
ABOUT US 2017 2021 Smart Solar Technologies The solar panel factory 2019 won the "BIG STARS" award in established in Gebze, Germany and Ukraine Deloitte Technology Fast 50 2015 started production with offices were opened. awards. a capacity of 420 MW. A total of 15 MW capacity The installation of th
Slide 21: End-to-End Service/Vertical Integration
End-to-End Service/Vertical Integration Engineering and Design ▪ It covers engineering design services for domestic and international projects. ▪ A service approach tailored to the needs of the customer with a value engineering approach. ▪ yapmaktadır. Panel Panel Production ▪ In order to meet the i
Slide 22: PV Solar Module Production
PV SOLAR MODULE PRODUCTION OVERVIEW In our production facility, crystalline silicon cell-based high efficiency photovoltaic solar panels are produced for use in land and roof solar power plants. High efficiency is achieved in solar panel production by using Multi Busbar, PERC, Half-Cut Cell and Bifa
Slide 23: Smart Technology
ENCAPSULANT cS M A R T BACK SHEET = TECHNOLOGY FRAME ARC — & TEMPERED a CTION, GLASS SOLAR CELLS STRINGS
Slide 24: Bifacial Technology
S M A R T T E C H N O LO G Y Bifacial Technology System Takip Sistemi XT Generation 555W 144 Cell GüneşTracker 166 mm Cell 10 Busbar Solar Bifacial Option Cost advantage High efficiency
Slide 25: PV Module References
PV Module References *Some of our pv module references. UCK Doğan Enerji Daikin Türkiye Türkiye Türkiye 71.300,00 kWp 24.690,00 kWp 5.784,00 kWp Çalık Enerji Akfen Birleşim Grup Edikli Türkiye Türkiye Türkiye 957,00 kWp 24.201,00 kWp 15.237,12 kWp
Slide 26: Aliağa PV Module & Cell Integrated Production
ALiAĞA PV MODULE & CELL INTEGRATED PRODUCTION 2024 Q1 | 2 GW Production Capacity | 50.000 m² Production Area
Slide 27: Facility Plan
FACILITY PLAN • PHASE 1 600 MW PV line was put into use • PHASE 2 Equipment orders were given for a 500 MW PERC Cell line • PHASE 3 1.400 MW TOPCon cell line design was completed
Slide 28: EPC Basic Areas of Application
EPC BASIC AREAS OF APPLICATION Large Scale Commercial Field Projects Medium Scale Commercial and Personal Consumption Based Field Projects Roofing Projects for Large and Medium Scale Commercial and Personal Consumption Hybrid Projects We are a solution partner with over 10 years of experience in the
Slide 29: EPC Activities
E P C AC T I V I T I E S In the PV market, which we entered as an investor in Eastern Europe 14 years ago, we can operate all over the world with the identities of project developer, EPC company, BOT (build/operate/transfer), BOO (build/operate) thanks to the experiences we have gained so far. Thank
Slide 30: EPC Activities
EPC ACTIVITIES We inspect materials and products upon delivery to the site and prior to installation. We replace defective products and materials with new ones. We protect all materials and equipment that can be damaged, exposed to bad weather and ultraviolet rays. We make sure that sensitive equipm
Slide 31: Engineering References
Engineering References * Some of our engineering references. Osmaniye Şanlıurfa Slobidka Türkiye Türkiye Ukraine 9.924,17 kWp 14.400,00 kWp 11.000,00 kWp Van Arısu Aksaray Mardin Artuklu Türkiye Türkiye Türkiye 55.540,00 kWp 11.796,72 kWp 10.890,76 kWp
Slide 32: Project Based Investment Incentive – Aliağa OIZ Investment
Project Based Investment Incentive – Aliağa OIZ Investment Regarding the photovoltaic solar panel production facility investment of our company to be built in İzmir with a capacity of 2.048 MW/Year, our incentive application to the Ministry of Industry and Technology, Giving Project-Based Investment
Slide 33: Other Investments: YEKA-4 BOR-1 SPP
Other Investments YEKA-4 BOR-1 SPP Investment On April 8, 2022, our company's 100% subsidiary, Smart GES Üretim A.Ş, won the competition by submitting the best bid in the BOR-1 (100 MWe) tender for the allocation of solar energy-based renewable energy resource areas and connection capacities. Thus,
Slide 34: Other Investments: EV Charging Network
Other Investments Electric Vehicles Charging Network Establishment Project- Green Mobility • It was decided to support our application for the "Fast Charging Stations for Electric Vehicles Grant Program". • • Our electric vehicles charging network, which we will run, will be run together with the So
Slide 35: Other Investments: New Overseas Companies
Other Investments Establishment of new companies for overseas activities • Through Smart Global Enterprises & Trading BV, a 100% subsidiary of our company, located in the Netherlands, it has been decided to establish a new company called Smart Solar Technologies, which will carry out similar activit
Slide 36: Other Investments - Business Relations
Other Investments - Business Relations To establish a fully integrated (ingot, wafer, cell, panel) solar panel production facility with a capacity of 3,600 MW, to purchase, develop, finance and implement infrastructure and clean technology projects, and manage its own assets, Europe-based green ener
Slide 37: Financial Indicators (TL)
FINANCIAL INDICATORS (TL) BALANCE SHEET ITEMS 31.03.2023 31.12.2022 % Current Assets 4.472.119.193 2.284.947.720 96 573.674.971 310.720.549 85 Fixed Assets Total Assets 5.045.794.164 2.595.668.269 94 Short Term Liabilities 2.930.512.479 1.700.086.572 72 Long Term Liabilities 1.293.150.781 113.916.49
Slide 38: Financial Indicators (USD)
FINANCIAL INDICATORS (USD) BALANCE SHEET ITEMS 31.03.2023 31.12.2022 % Current Assets 233.492.011 122.200.827 91 29.951.913 16.617.583 80 Fixed Assets Total Assets 263.443.924 138.818.410 90 Short Term Liabilities 153.003.805 90.921.986 68 Long Term Liabilities 67.516.174 6.092.345 1008 Equities 42.
Slide 39: Financial Performance – Key Indicators
Financial Performance – Key Indicators EBITDA M TL NET PROFIT M TL 125 60 50 100 105,4 M TL 55,5 M TL 40 75 30 50 20 31,8 M TL 25 50,6 M TL 10 0 0 2022 Q1 2023 Q1 2022 Q1 2023 Q1 As a result of successful and effective Despite the increased financing expenses due to operational and operational manag
Slide 40: Financial Performance – Key Indicators
Financial Performance – Key Indicators REVENUE M TL Gross Profit M TL 800 160 700 140 600 794,3 M 120 149,5 M TL TL 500 100 400 80 300 60 200 40 45, 7 M TL 100 204,9 M TL 20 0 0 2022 Q1 2023 Q1 2022 Q1 2023 Q1 ❖ The revenue of our company in the 1st quarter of 2023 increased by 288% compared to the
Slide 41: SMRTG Share Performance 10.05.2023
SMRTG Share Performance 10.05.2023 Smart Güneş Share Price and BIST 100 (Relative) Index Performance Smart Güneş Share Price 160 160 1.400 10.05.2023; 54,35 140 140 1.200 120 120 1.000 100 100 800 80 54,35 80 60 600 60 40 400 40 20 20 200 0 0 Volume (million TL) - Mart 22 Nisan 22 Mayıs 22 Haziran 2
Slide 42: 2023 Expectations
2023 Expectations REVENUE : 6,5 Billion TL EBITDA : 1,1 Billion TL EBITDA % : 16,9% INVESTMENT AMOUNT: 1,5 Billion TL "+/- 100 Million« Average USD Currency Expectation: 20.4
Slide 43: Contact Information: Investor Relations
Contact Information: Investor Relations CEM NURİ TEZEL ALPER YÜCEL Executive Board Member Investor Relations Manager Tel: +90 216 225 72 00 Tel: +90 216 225 72 06 SABİT AŞKAR ESRA TAŞÇI Budget and Reporting Manager Investor Relations Executive Tel: +90 216 225 72 00 Tel: +90 216 225 72 57 www.smarts
Slide 44: Disclosure
Disclosure This presentation has been prepared for informational purposes only, and contains forward-looking statements and statements that reflect the current views of the Company management regarding certain future events. The expectations and projections contained in these statements, although be
Slide 45: Global View
G LO BA L V İ E W Offices Germany Bulgaria Switzerland Romania Türkiye Ukraine Greece Countries we export to Germany Austria Bulgaria Georgia Iraq Spain Italy Greece Ukraine
Slide 46: Contact
CONTACT İSTANBUL HEADQUARTER Energy Plaza, Rüzgarlıbahçe, Çınar Sk. No:2, K:6 34805 Beykoz/İstanbul T: + 90 216 225 72 00 Gebze Production Factory Gebze Organize Sanayi Böylesi, Tembelova Alanı, Cadde 3200, No: 3207 Gebze/Kocaeli T: + 90 262 673 71 00 | F: + 90 850 305 06 10 Dilovası Production Fact
Slide 47: / smartgunesteknolojileri
www.smartsolar.com.tr / smartgunesteknolojileri