Biotrend Cevre Ve Enerji Yatirimlari As · BIST:BIOEN
Biotrend Cevre Ve Enerji Yatirimlari As — Biotrend Çevre ve Enerji Yatırımları A.Ş. — Investor Presentation (June 2022)
36 slides from Biotrend Cevre Ve Enerji Yatirimlari As's investor presentation, Jun 30, 2022
Slide 1: Investor Presentation
Investor Presentation 30 JUNE 2022
Slide 2: Agenda
Agenda 1. Company Overview 2. Financial Overview 3. Q&A 4. Annexes
Slide 3: Presenters
Presenters Osman Nuri Vardı Zeliha Akgün Gözde Çivici VICE CHAIRMAN OF THE BOARD OF DIRECTORS & DOĞANLAR HOLDING CEO DOĞANLAR HOLDING CFO INVESTOR RELATIONS DIRECTOR 20 years of work experience 16 years of work experience 16 years of work experience • 2017 Biotrend Energy, Founder and Vice Chairman
Slide 4: 1. Company Overview
1. Company Overview
Slide 5: 2021 & 2022 in Brief...
2021 & 2022 in Brief... 2022 Ordinary General Assembly for 2021 (April 2022) Reached 96.4 MW Installed Capacity (30/06: 92.2 MW) in July with capacity increases in İnegöl Biogas and Bergama Landfill Gas Facilities! Sustainability: • Establishment of Sustainability Office • Carbon Certification (Verr
Slide 6: Shareholding Structure
Shareholding Structure BIOTREND (BIOEN) SHAREHOLDING ABOUT DOĞANLAR HOLDİNG A.Ş. STRUCTURE Apart from its activities in the field of energy, DOĞANLAR HOLDİNG also has investments in furniture, construction 2.2% and retail. OTHER DOGANLAR FURNITURE GROUP (DGNMO) Company Overview 27.8% 32.1% PUBLICLY
Slide 7: Biotrend in 2022 H1 at a Glance
Biotrend in 2022 H1 at a Glance Of all the domestic waste directed to landfills in Turkey, approximately 20% is turned into energy and heat at a Biotrend plant, for a sustainable future. ✓ 181.3* Mwe Total Licensed Power (2022 Q2) Company Overview 18 plants* in 11 provinces ✓ 96.4** Mwe Installed Ca
Slide 8: Growth-Oriented Business Model
Growth-Oriented Business Model NUMBER OF PLANTS* (#) Strong Financial Performance (million TL) # Total Number of Plants EBITDA Revenue CAGR: 116% Revenue CAGR: 227% 18 18 margin EBITDA CAGR: 114% EBITDA CAGR: 255% 521.7 1 1 12 2 2 427.7 1 8 1 245.3 33% 34% 5 33% 15 15 176.1 33% 159.3 31% 140.9 10 8
Slide 9: Biotrend Plants
Biotrend Plants Facilities by Field of Activities Power Generation Other Activities Biogas July Waste Fuel Operational 2022/H1 2022E Steam Sales Total 2022 Waste Carbon Preparatio Biomas Waste Compos & Licenced Seperatio RDF Sertificate n Planned SPV Name/ Facility Name Installed Installed s Disposa
Slide 10: Plant Details
Plant Details 2021 2022 Q1 2022 Q2 2022 H1 Licenced Electricity Generation Field of Operations / SPV Power Licenced Net Electricity Licenced Net Electricity Licenced Net Electricity Net Electricity Name (MWe) Power Production Power Production Power Production Production (MWe) (KW) (MWe) (KW) (MWe) (
Slide 11: Our Fields of Activity
Our Fields of Activity Planned Current Operations Operations Activity Overview Company Overview Biomass Other Activities Power Generation Waste Fuel Compost Steam Sales Hybrid Domestic Waste Agricultural and Forestry Waste Waste Waste RDF Carbon Preparation Activities & Power Disposal Sorting Certif
Slide 12: Organic and Inorganic Domestic Growth, International Expansion
Organic and Inorganic Domestic Growth International Expansion Ensuring maximum use of available Growing in markets where Doğanlar Holding licensed power generation capacity is currently operating (Balkans, Central Asia, Mediterranean Growing recycling revenues (with planned Basin, North Africa and S
Slide 13: Sustainability Management
Sustainability Management UN Global Compact - Climate Ambition Accelerator Program Carbon Certification Projects & Investment Company Overview Elements Sustainability Projects (eg: Plastic Recycling) Establishment of Sustainability Office Social Responsibility Projects “Violence Awareness Education
Slide 14: UN Global Compact - Climate Ambition Accelerator Program
Sustainability – UN Global Compact - Climate Ambition Accelerator Program: 2022-2023 Working towards European Union’s 2050 carbon neutral target Turkey’s 2053 net zero target Investment Climate Ambition Elements Only waste to energy company among 27 participants, first in Turkey
Slide 15: Carbon Certification Projects Overview
Carbon Certification Projects Overview 3 different certification Yearly estimated certified programs covering all our Total carbon credits for emission reduction credits operations previous years Carbon Credits our reserve VCS GCC ICR 5 million ton reserves ~2 million tons *Çine Biomass plant
Slide 16: 2. Financial Overview (2022 H1)
2. Financial Overview (2022 H1)
Slide 17: Revenue
Revenue Increase in revenue 2019- 2022 H1 LTM Installed Capacity 8.6 fold increase increased to 92.2 MWe (2022 Q2). with 105% CAGR Revenue (million TL) Revenue (million TL) 789.8 521.7 85% Finansal Veriler 227% 74% 427.7 166% 245.3 159.5 92.1 2019 2020 2021 2022 H1 LTM 2021 H1 2022 H1 45% 55% 55% 16
Slide 18: Profitability
Profitability Gross Profit (million TL) Gross Profit (million TL) Gross 30% 29.3% Profit Margin% 28.8% 237.1 152.7 92% 293% 27.6% 82% 24.4% 29.8% 123.3 147% 67.8 38.9 27.4 Financial Overview 2019 2020 2021 2022 H1 LTM 2021 H1 2022 H1 EBITDA* (million TL) EBITDA* (million TL) 33.9% 33.8% EBITDA Margi
Slide 19: COGS & Operating Expenses
COGS& Operating Expenses Cost of Goods Sold / Revenue (%) Operating Expenses / Revenue (%) Operating COGS / Expenses Revenue / Revenue % % 75.6% 70.7% 9.3% 7.1% 2% 3% 10% 6% 38.7% 7% 11% 43.7% Financial Overview 8% 13% 11% 10% 6.0% 2.9% 12% 12.9% 23.4% 62% 45% 42.4% 30.0% 2021 H1 2022 H1 2021 H1 202
Slide 20: Operating Profit
Operating Profit Operating profit (million TL) 2020 2021 2022 H1 LTM -11.9 -32.4 30.3 83.3 182.8 69.3 170.9 50.9 38.9 Financial Overview Operating Profit FX gain/loss Operating Profit Operating Profit FX gain/loss Operating Profit Operating Profit FX gain/loss Operating Profit excluding FX excluding
Slide 21: Net Profit
Net Profit Profits Before Tax (million TL) Net Profit (million TL) 24.6 24.6 48.5 34.8 25.3 20.4 Financial Overview 6.4 2.7 1.2 4.5 2019 2020 2021 2022 H1 LTM 2019 2020 2021 2022 H1 LTM Profits before tax (exc.one-off) One-off subsidiary sale profit Profits before tax (exc.one-off) One-off subsidiar
Slide 22: Investments
Investments Increase in Increase in Net Investments in Fixed Assets in 2021 by 2021 by 126% 105% Net Fixed Assets (million TL) Investments (million TL) 1,091.0 894.3 Financial Overview 898.9 436.1 823.7 126% 638.2 221.6 170% 174.5 282.0 238.1 171.8 214.5 192.1 104.4 70.6 2.7 2019 2020 2021 2022 H1 2
Slide 23: Net Financial Debt
Net Financial Debt Net Financial Indebtedness(TRY million) 31.12.2019 31.12.2020 31.12.2021 30.06.2022 Short-Term Bank Loans 0.0 0.1 0.1 0.0 Short-Term Portion of Long-Term Bank Loans 31.8 84.7 189.1 287.7 Other Short Term Financial Indebtedness 0.4 1.0 2.3 2.4 Short-term financial indebtedness 32.2
Slide 24: 2022 Guidance
2022 Guidance 2022 Guidance Total Consolidated Revenues 1.1 – 1.3 billion TL Installed Capacity (MWe) ~120 MWe Financial Data Average Installed Capacity (MWe) ~90 MWe Gross Electricity Generation (MWh) ~650-700 thousand MWh Net Electricity Generation (MWh) ~600-650 thousand MWh Electricity Capacity
Slide 25: 4. Annexes
4. Annexes
Slide 26: Income Statement
Income Statement Mn TRY 2020 2021 2021 H1 2022 H1 Revenue 245.3 427.7 159.5 521.7 Cost of Sales (177.5) (304.4) (120.6) (369.0) Gross Profit 67.8 123.3 38.9 152.7 General Administrative Expenses (20.8) (39.9) (13.8) (35.1) Marketing Expenses (1.1) (2.6) (1.0) (1.7) Other Operating Income 67.1 22.2 2
Slide 27: Balance Sheet
Balance Sheet Mn TRY 31.12.2020 31.12.2021 30.06.2022 Cash and Cash Equivalents 101.8 170.9 72.6 Trade Receivables 30.2 104.4 141.2 Stocks 4.4 63.7 95.3 Prepaid expenses 63,9 242.7 255.2 Other 36,6 101.3 126.7 Current Assets 236.9 682.9 691.0 Investments Accounted for Using Equity Method 25.3 51.0 5
Slide 28: A Portfolio with Long YEKDEM Tariff and Upside Potential
A Portfolio with Long YEKDEM Tariff and Upside Potantial that can be created After the YEKDEM Term 100% of the Average remaining Remaining contract portfolio (2022 Q2) YEKDEM term of the periods with relevant benefits from the Company's Administrations previous High YEKDEM feed-in Company Overview o
Slide 29: Operational Efficiency Advantage of Biomass Power Plants
Operational Efficiency Advantage of Biomass Power Plants Source Time (hours) Capacity Factor (%) Wind (WPP) 2,628 30 Solar (SPP) 1,750 20 Company Overview Biomass (BPP) 7,500 85 1.0 MW 4.3 MW 1.0 MW 2.7 MW BPP SPP BPP WPP
Slide 30: Biotrend's Rising Position in the Growing Biomass Industry
Biotrend's Rising Position in the Growing Biomass Industry… 2018 2021 2% BIOMASS SHARE IN 4% BIOMASS SHARE IN RENEWABLE ENERGY RENEWABLE ENERGY INSTALLED CAPACITY INSTALLED CAPACITY 2018 2021 Company Overview 739 CAGR: 39% 1,996 MWh MWh TURKEY TURKEY BIOMASS BIOMASS INSTALLED CAPACITY INSTALLED CAPA
Slide 31: United Nations (UN) Global Compact
SUSTAINABILITY United Nations (UN) We believe that ensuring the sustainable and balanced growth of the global economy is the Global Compact primary duty of all companies, regardless of the sector. In order to achieve this growth, we strive to comply with certain principles in environmental and socia
Slide 32: Human Rights: Our Energy Is for Our Employees First
We continue our activities to raise violence, manipulation and legal rights awareness within our company. To this end, we provide free-of-charge family counseling for our employees, we hold morale nights, ecotherapy and frequency therapy sessions. SUSTAINABILITY HUMAN RIGHTS OUR ENERGY IS FOR OUR EM
Slide 33: Social Responsibility Projects
The tree of life grows with awareness! SUSTAINABILITY YOUTH ENERGY IN OUR PLANT! SOCIAL RESPONSIBILITY PROJECTS WASTE MATERIALS OUR BOOKSHELVES MEET CHILDREN! STRENGTHEN COMMUNICATION.
Slide 34: Awards
(reno AWARDS EN QUALITY BIOMASS. ‘OUR ENERGY iNONG UNIVERSITY SUSTAINABLE ENERGY ENERGY AWARD, OUR FUTURE AWARD FACULTY OF MEDICINE EXCELLENCE AWARDS 2016 & b can Happy Place to Work: CERTIFIED * 2022 “HAPPY PLACE TO WORK” EBRD SUSTAINABILITY OUR ENERGY RENEWABLE ENERGY BRAND WOMAN FRIENDLY BRANDS 2
Slide 35: Disclaimer
Disclaimer The information contained in this presentation is provided by Biotrend Çevre ve Enerji Yatırımları A.Ş (“Biotrend” or “Company”). The information contained in this presentation is not meant to be comprehensive and has not been independently verified. The information used in the presentati
Slide 36: Biotrend Investor Relations
Biotrend Investor Relations Gözde Çivici Investor Relations Director Aysun Vardan Investor Relations Manager investor.relations@biotrendenerji.com.tr +90 216 680 00 00 www.biotrendenerji.com.tr THANK YOU
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