Orge Enerji Elektrik Taahhut As · BIST:ORGE
Orge Enerji Elektrik Taahhut As — Q3 2025 Earnings Presentation
28 slides from Orge Enerji Elektrik Taahhut As's earnings presentation, Dec 4, 2025
Slide 1: ORGE Electric Investor Presentation
ORGE ELECTRIC INVESTOR PRESENTATION - 04/12/2025 Mr. Volkan Bayram, PhD CFO +90 216 457 32 63 yatirimciiliskileri@orge.com.tr Mr. Ertuğ Ersoy Investor Relations Manager +90 216 457 32 63 yatirimciiliskileri@orge.com.tr
Slide 2: Table of Contents
TABLE OF CONTENTS Corporate Business Growth Financial Introduction Overview Overview Drivers Overview ▪ Company Profile ▪ Board of Directors ▪ Completed Projects ▪ Ongoing Projects ▪ Key Financial Data ▪ Investment Case ▪ Management Team ▪ Sustainability ▪ New Work Booked ▪ Earnings Guidance ▪ Share
Slide 3: Company Profile
COMPANY PROFILE ORGE was founded in 1998 and listed on Borsa İstanbul in 2012. ORGE has completed electrical contractual works of 7 mil sqm since 1998. 7 MILLION SQM ORGE is a member of the Turkish Contractors Association CONSTRUCTION AREA (TCA), The Turkish Employers Association of Construction Ind
Slide 4: Investment Case
INVESTMENT CASE (2023 and 2024 years are presented in accordance with TAS29 (Turkish Accounting Standard 29: Financial Reporting in Hyperinflationary Economies)) Revenue (TRY Mil) EBITDA Margin 3.429 WHY ORGE? 55% 2.853 High-margin operational revenue stream and 42% 40% continuous increase in shareh
Slide 5: Board of Directors
BOARD OF DIRECTORS NEVHAN ORHAN GÜNDÜZ GÜNDÜZ Chairman Vice Chairman +25 years of experience in electrical In the electrical contracting sector since 1965. contracting and renewable energy. Director Yegenler A.Ş., Ye-Pa Elektroteknik, Galdem A.Ş., and company partner of Gündüz Elektrik until Gündüz
Slide 6: Management Team
MANAGEMENT TEAM NEVHAN GÜNDÜZ CEO +25 years of experience in electrical contracting and renewable energy. Director and company partner of Gündüz Elektrik until 1998. As the founder of ORGE, Gündüz served as the Deputy Chairman and CEO of the Board of Directors between 1998-2023, and has been serving
Slide 7: Shareholder Structure
SHAREHOLDER STRUCTURE FREE FLOAT Nevhan Gündüz Orhan Gündüz 17.07% 30.65% 52.28% 47.72% ORGE ELECTRIC Commitment to Minority Shareholders Shareholders Share (%) Amount (TRY) Vote (%) We are committed to create value for minority shareholders and Orhan Gündüz 30.65 24,523,108.80 30.65 act in their be
Slide 8: Selected Completed Projects
SELECTED COMPLETED PROJECTS PROJECT LOCATION CLIENT DESCRIPTION CONTRACT VALUE START COMPLETED QUASAR İSTANBUL / FAİRMONT HOTEL İSTANBUL/TÜRKİYE VIATRANS-MEYDANBEY JV 2 SKYSCRAPER / 46 FL 35.697.296 EUR Oct 14 Dec 16 SABİHA GÖKÇEN AIRPORT SUBWAY İSTANBUL/TÜRKİYE GÜLERMAK-YSE JV SUBWAY PROJECT WITH 4
Slide 9: Sustainability
SUSTAINABILITY ORGE Zero Waste Project: initiated in 2015. Recycling of cables, plastic pipes and cable scraps. Recycled 117 tons of waste in 2024, 68 tons of which are cables. Recycled 813 tons of waste since 2015. SASB STANDARDS – ENGINEERİNG AND CONSTRUCTION SERVICES 1) No incidents of non-compli
Slide 10: New Work Booked 2024/09 - 2025/09
NEW WORK BOOKED 2024/09 - 2025/09 New Work Booked (TRY Mil) • New Work Booked 2025/09 1.338 -DenizKoru Sarıyer Project: TRY 267.000.000 contract signing process started. -Mandarin Oriental Etiler Project: TRY 171.936.894 contract revision. -Bodrum Hillside Hotel Project: TRY 146.756.067 contract rev
Slide 11: Backlog 2024/09 - 2025/09
BACKLOG 2024/09 - 2025/09 Backlog (TL Mil) Backlog by Project Type (%) Major part of new 3.155 Increase due to: 98,31 works are 1) New work booking 94,09 -priority- public 2) Value appreciation in investments 2.304 FX contracts e.g: Subway Lines, 3) Increase in contracting Premium works units and pr
Slide 12: New Work Booked / Backlog – Last 5 Years
NEW WORK BOOKED / BACKLOG – LAST 5 YEARS New Work Booked 2021-2025 (Million) Backlog 2021-2025 (Million) 1.548 1.620 3.155 2.865 1.338 2.304 661 1.403 482 533 152 298 2021 2022 2023 2024 2024/09 2025/09 2021 2022 2023 2024 2024/09 2025/09 New Work Booked by Project Type Backlog by Project Type 2021-
Slide 13: Ongoing Projects
ONGOING PROJECTS ▪ BURSA EMEK-CITY HOSPITAL SUBWAY ▪ ÜMRANİYE-ATAŞEHİR-GÖZTEPE METRO SUBWAY ▪ NEW AIRPORT-HALKALI SUBWAY ▪ ISTANBUL AIRPORT MRO HANGAR PROJECT ▪ PENDİK-FEVZİ ÇAKMAK SUBWAY ▪ MANDARIN ORIENTAL ETİLER PROJECT ▪ İZMİR AMERICAN HOSPITAL PROJECT ▪ FOLKART NOVA PROJECT ▪ BODRUM HILLSIDE HO
Slide 14: Business Development – Domestic Railway System Projects
BUSINESS DEVELOPMENT – DOMESTIC RAILWAY SYSTEM PROJECTS RAILWAY SYSTEMS ECI – Early Contractor Involvement Current Lines in İstanbul: 381 KM Ongoing Construction in İstanbul : 87 KM ORGE Completed & Current Works in İstanbul: 117 KM 2030 target or İstanbul: 717 KM Electrical Scope %12-20 TURKEY RAIL
Slide 15: Business Development – Domestic Superstructure Projects
BUSINESS DEVELOPMENT – DOMESTIC SUPERSTRUCTURE PROJECTS DATA CENTERS INDUSTRIAL PLANTS - FACTORIES SMART BUILDINGS / TOURISM IT Complex, data center construction & renovations Tax incentives for chemical, petroleum plants INVESTMENTS Within the scope of the Attraction Area Program Automotive sector
Slide 16: Business Development – Renewable Energy (RE)
BUSINESS DEVELOPMENT – RENEWABLE ENERGY (RE) Current State in RE Industry • Solar and wind energy offer the opportunity to produce electricity at the lowest cost. • Investment and production unit costs continue to decrease. • Türkiye is converging with developed and developing countries in terms of
Slide 17: Business Development – International Works / ORGE Trading (OTC)
BUSINESS DEVELOPMENT – INTERNATIONAL WORKS / ORGE TRADING (OTC) • Retail supply sales/e-commerce initiatives • Key distributor collaborations with international supplier brands • Opportunity to follow up different country experiences of investors and main contractors • High awareness and recognition
Slide 18: Business Development – EV Charging Stations
BUSINESS DEVELOPMENT – ELECTRIC VEHICLE (EV) CHARGING STATIONS -According to the International Energy Agency (IEA) data, it’s aimed to have 210 million (public: 15,5 M) charging stations in 2030 and 420 million (public 23 M) in 2035. -The Global Public Charger Market is expected to be approximately
Slide 19: Business Development – EV Charging Stations
BUSINESS DEVELOPMENT – ELECTRIC VEHICLE (EV) CHARGING STATIONS • Stock of EV approx. 335.000 (in Türkiye). • Stock of EV Charger approx. 36.000. • EV charging at home is preferred (McKinsey). • 1 of 2 EV owners buy a EV charger (Expectations of local industry leaders). • The increase in the stock of
Slide 20: Business Development – EV Charging Stations
BUSINESS DEVELOPMENT – ELECTRIC VEHICLE (EV) CHARGING STATIONS ORGE EV CHARGERS: SOME (FORESEEN) FEATURES TARGET: GLOBAL MARKET • Modular structure: Adaptation to different power and technologies • Automatic cable management system / Integrated cooling and heat management • Bidirectional energy flow
Slide 21: Business Development – Lixhium
BUSINESS DEVELOPMENT – LIXHIUM Lixhium: What We Did? • The purchase process of shares corresponding to 15% of the capital of Lixhium Bilişim Hizmetleri A.Ş., a leading EV Routing/Payment/Market Place for EV Vehicles, for TRY 10,000,000 was completed. • In addition to the 15 percent of the capital th
Slide 22: Financial Statements Summary (TAS29)
FINANCIAL STATEMENTS SUMMARY (in accordance with TAS29) BALANCE SHEET 2024/12 2025/09 ASSETS TRY TRY Current Assets 4.390.842.646 4.940.364.133 Cash & Equivalents 178.246.779 138.565.909 Income Due Construction Contracts 3.682.823.861 4.104.844.299 INCOME STATEMENT 2024/09 2025/09 Non-current Asset
Slide 23: Financial Statements Summary (Non-Audited – Without TAS29)
FINANCIAL STATEMENTS SUMMARY (Non-Audited – Without TAS29) Balance Sheet Important Items Commentary on TAS29 (Turkish Accounting Standard 29: Financial 01.01.2025-30.09.2025 01.01.2024-31.12.2024 Reporting in Hyperinflationary Economies) Without TMS 29 Without TMS 29 Current Assets 4.939.680.128 3.5
Slide 24: Key Financial Data
KEY FINANCIAL DATA (2023 ve 2024 years are presented in accordance with TAS29) REVENUE EBITDA NET PROFIT 3.500 2.000 1.400 3.000 1.200 2.500 1.500 1.000 2.000 800 1.000 1.500 600 1.000 400 500 500 200 0 0 0 2019 2020 2021 2022 2023 2024 2023 2024 2019 2020 2021 2022 2023 2024 2023 2024 2019 2020 202
Slide 25: Key Financial Data (TAS29)
KEY FINANCIAL DATA (in accordance with TAS29) Decreased by 18% yearly Revenue Net Profit Decreased by 50% yearly, Decrease was driven by: ( T RY M i l ) ( T RY M i l ) Decrease and difference from EBITDA change was 1)Limited decrease in New Work Bookings 276 driven by; 2) Limited increase in new con
Slide 26: Earnings Guidance
EARNINGS GUIDANCE 2025/12M (Updated:10/11/2025) 2 Provided that the effects of economic, geopolitical, and political risks on new investments and sector will be minimized, with our fulfillment of our new contract expectations we project to increase our revenues by 30% and increase our operating prof
Slide 27: Capital Raises, Buybacks and Dividend History
CAPITAL RAISES, BUYBACKS AND DIVIDEND HISTORY CAPITAL RAISES 1998 2003 2007 2009 2010 2012 2015 2018 2021 Foundation (1998) – 5,000 TRY 5.000 50,000TRY TRY 300,000 TRY 3,200,000 TRY 7,000,000 TRY 10,000,000 TRY 20,000,000 TRY 50,000,000 TRY 80,000,000 TRY IPO Buyback History Dividend History Payout
Slide 28: Disclaimer and Contact Information
DISCLAIMER AND CONTACT INFORMATION This presentation does not constitute an offer or invitation to purchase or subscription for any securities and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. Neither ORGE Enerji Elektrik Taahhüt A.
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