Cates Elektrik Uretim Anonim Sirketi · BIST:CATES
Cates Elektrik Uretim Anonim Sirketi — Çates Elektrik Üretim A.Ş. — H1 2025 Earnings Presentation
23 slides from Cates Elektrik Uretim Anonim Sirketi's earnings presentation, Jun 30, 2025
Slide 1: CATES Investor Presentation H1 2025
CATES Investor Presentation H1 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 the First Half of 2025 E Annexes 2
Slide 3: Assessment of Financial Results
A Assessment of Financial Results Çatalağzı Thermal Power Plant completed the first half of 2025 with 923 GWh gross electricity generation, revenues of TRY 2,610 million, EBITDA of TRY 297 million and net loss for the period of TRY 232 million. ➢ Our power plant generated 923 GWh of gross electricit
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: 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% 5.6% CAGR 7.0% 4.539 CAGR CAGR 399 3.464 348 7,5
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 3,4 3,4 2,8 3,1 3,1 2,6 2,6 2,8 2,5 2,5 2,5 2,5 2,5 2,8 2,4 2,4 2,3 2,2 2,3 2,2 2,2 2,62,2 2,1 2,3 2,3 2,4 2,1 2,1 2,1 2,4 2,4 2,4 2,0 2,0 2,3 2,4 2,4 2,3 2,0 2,3 2,3 2,2 2,2 1,9 2,2 2,0 2,2 2,2
Slide 13: Highlights of the First Half of 2025
Highlights of the First Half of 2025
Slide 14: Power Plant Electricity Generation
D Power Plant Electricity Generation Gross Generation (GWh) +13% -10% +9% 933 923 823 844 68% 68% 60% 61% H1 2022 H1 2023 H1 2024 H1 2025 Capacity Factor 14
Slide 15: Operational Outcomes and Price Metrics
D Operational Outcomes and Price Metrics Annual +%30 +₺32 ₺ 2,848 +₺206 Increase ▬ Ash Sale +₺56 Income +₺175 Contribution ▬ Capacity ▬ PFK ₺ 2,380 Income Revenue Contribution ÇATES +₺15 +₺28 ₺ 2,184 Contribution +₺75 ▬ High Average +₺65 Price Electricity ₺ 2,001 ▬ Capacity ▬ Ash Sale Sales Price ▬
Slide 16: Summary Financials
D Summary Financials Revenues Gross Profit mn TRY mn TRY 2,781 137 -6% +212% 2,610 (122) H1 2024 H1 2025 H1 2024 H1 2025 EBITDA Net Profit mn TRY mn TRY 297 +12% -25% 266 (186) (232) H1 2024 H1 2025 H1 2024 H1 2025 Note: In accordance with TAS 29, inflation accounting is applied on the presented fig
Slide 17: Summary Financials
a D Summary Financials Cash and Cash Equivalents Net Working Capital mn TRY 470 mn TRY 1,776 1.672 55 2024 H1 2025 2024 H1 2025 Net Financial Debt Earnings / (Losses) per Share mn TRY TRY 25 (374) (1.13) (1.41) 2024 H1 2025 H1 2024 H1 2025 Note: In accordance with TAS 29, inflation accounting is app
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 June 30, 2025 December 31, 2024 June 30, 2025 June 30, 2024 Position (TRY mn) (TRY mn) Current Assets 2,061 2,021 Revenue 2.610 2,781 Non-Current Assets 8,640 8,943 Cost of Sales (2,473) (2,903)
Slide 20: Annex - Developments – Subsequent Period
E Annex 2 - Developments – Subsequent Period ✓ In order to assess the level of compliance with the “Corporate Governance Principles” published by the Capital Markets Board, the first rating study conducted by SAHA Corporate Governance and Credit Rating Services Inc. determined that our Company's Cor
Slide 21: 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 25
Slide 22: 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 23: CATES Investor Presentation H1 2025
CATES Investor Presentation H1 2025
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