Galata Wind Enerji A.s. · BIST:GWIND
Galata Wind Enerji A.s — Q3 2022 Earnings Presentation
20 slides from Galata Wind Enerji A.s's earnings presentation, 2022
Slide 1: Investor Presentation Q3 2022
Investor Presentation Q3 2022 1
Slide 2: Index
Index 1 - TURKEY ENERGY MARKET 2 - OPERATIONAL DATA 3 - FINANCIAL DATA 2
Slide 3: Turkey Energy Market
O| TURKEY ENERGY MARKET GALATAWIND J
Slide 4: Turkey Installed Capacity | September 2022
Turkey Installed Capacity | September 2022 Total: 102.281 MW Installed Capacity SOLAR FUEL 0% TOOR BOT 9% COAL UNLICENSED 3% 8% 0% PRODUCTION COMPANIES WIND 21% HYDRO 31.568 11% 69.637 EÜAŞ INSTALLED 21% CAPACITY NATURAL GAS 25.297 INSTALLED BY ENERGY CAPACITY BY RESOURCES ENERGY UTILITIES 25% COAL
Slide 5: Turkey Installed Capacity | December 2021/September 2022
Turkey Installed Capacity | December 2021/ September 2022 +75 December 2021 INSTALLED CAPACITY BY ENERGY RESOURCES (MW) September 2022 31.493 31.568 -279 +736 25.576 25.297 20.360 21.096 +592 +1.146 10.607 11.199 +189 7.816 8.962 0 3.712 3.901 258 258 HYDRO NATURAL GAS COAL WIND SOLAR GEO/BIO FUEL +
Slide 6: Turkey Energy Generation | September 2022
Turkey Energy Generation | September 2022 Total: 249.721 MWh Energy Generation TOOR BOT SOLAR FUEL UNLICENSED GEO/BIO 5% 0% 3% 5% 0% 6% COAL 80.659 PRODUCTION COMPANIES EÜAŞ WIND COAL 15% 11% 33% 194.494 GENERATION HYDRO 56.957 GENERATION BY BY ENERGY ENERGY UTILITIES RESOURCES NATURAL GAS 55.997 23
Slide 7: Turkey Energy Generation | September 2021/2022
Turkey Energy Generation | September 2021/2022 GENERATION BY ENERGY RESOURCES (MWh) September 2021 September 2022 +3.704 -23.144 +11.473 76.955 80.659 79.141 56.957 55.997 +3.621 45.484 +1.294 +1.323 +306 22.297 25.918 12.458 13.752 10.811 12.134 251 557 COAL HYDRO NATURAL GAS WIND GEO/BIO SOLAR FUE
Slide 8: Turkey Energy Market | Electricity Consumption
Turkey Energy Market | Electricity Consumption As of September 2022, electricity consumption has increased as 0,4% compared to the previous year. 332.871 304.167 303.320 306.109 296.702 279.286 0% 265.724 257.220 251.049 246.357 249.937 242.370 230.306 210.434 198.085 194.079 190.000 174.637 160.794
Slide 9: Electricity Prices
Electricity Prices (TL/MWh) AVG. PRICES: 2020: 278,72 - 2021: 506,41 – 2022R: 2.159,40 – 2022CP: 1.366,80 4.000 2020 3.500 3.066,6 3.850,6 2021 3.000 2.340,1 2.330,4 2022 Actual 2.500 1.830,6 1.763,0 2022 Cap 2.000 1.670,9 1.404,5 1.370,0 1.412,0 1.453,0 1.488,0 1.178,0 1.200,0 1.278,0 1.500 1.008,6
Slide 10: Operational Data
O? OPERATIONAL DATA GALATAWIND 9°
Slide 11: Galata Wind Portfolio
Galata Wind Portfolio Çorum SPP (Unlicensed) Taşpınar WPP Operational since March 2021 Şah WPP Mersin WPP Erzurum SPP 14th Biggest WPP Among first three WPP in Turkey in (Unlicensed) in Turkey terms of efficiency Mersin RES Şah RES Taşpınar RES Çorum GES Erzurum GES TOTAL Installed Capacity 62,7 MW
Slide 12: Operation | Generation
Operation | Generation 800 745 41 14 Mersin WPP 601 147 600 556 514 14 29 2 40 14 Şah WPP 428 437 463 14 386 384 421 Taşpınar WPP 400 326 344 322 317 327 Erzurum SPP 292 299 326 295 193 277 273 Çorum SPP 200 62 222 Total 133 137 138 137 126 183 187 200 109 112 0 2010* 2011 2012 2013 2014 2015 2016 2
Slide 13: Financial Data
OS FINANCIAL DATA GALATAWIND J”
Slide 14: Financial Data | Financial Statements Comparison - 1
Financial Data | Financial Statements Comparison - 1 500 470 473 2,0 400 Net Debt Position (Mn TRY) and Net 1,78 1,5 Debt Position / EBITDA* Ratio 300 * September 22 EBITDA was annualized 1,0 200 1,11 0,5 100 34 0 0,0 0,03 31.12.2020 31.12.2021 30.09.2022 Net Debt Position / EBITDA Net Debt Position
Slide 15: Financial Data | Financial Statements Comparison - 2
Financial Data | Financial Statements Comparison - 2 Revenue – Mn TRY Gross Profit – Mn TRY +160% +213% 863 702 +61% +60% 540 395 335 331 247 248 224 173 2019 2020 2021 2021/09 2022/09 2019 2020 2021 2021/09 2022/09 EBITDA – Mn TRY Net Profit – Mn TRY +193% +773% 734 810 +62% 428 264 +9% 251 193 156
Slide 16: Financial Data | Loans
Financial Data | Loans Hypovereinsbank Banka TRY Loan-1 TRY Loan-2 TRY Loan-3 TRY Loan-4 Hermes (EKF) Loan Utilization Date 18.08.2017 9.10.2020 13.10.2020 26.05.2022 25.05.2022 30.06.2021 Loan Utilization Amount 14,5 mn Avro 120 mn TL 69.9 mn TL 35 mn TL 90 mn TL 20 mn Avro Remaining Principal Bala
Slide 17: Financial Data | Balance Sheet
Financial Data | Balance Sheet Current Assets: Consolidated Financial Statement (mn TL) 30 September 2022 31 December 2021 % Change As of 30 September 2022, cash and cash equivalents increased by 360% and reached to TL Total Assets 2.511,74 1.767,59 42% 731,51 mn in line with the revenue growth. Cur
Slide 18: Financial Data | P&L Table
Financial Data | P&L Table Gross Profit: Revenue has increased by 188%. Main reasons: • Total electricity generation increased by 10% mainly due to the addition of Taşpınar plant. As of end of 30 September 2022 total generation reached 587.485 MWh (30 September 2021: 530.778 MWh). • Devaluation of T
Slide 19: Disclaimer
Disclaimer All information contained in this presentation ("Presentation"), which consists of documents and appendices, is provided by Galata Wind Enerji A.Ş. It has been prepared by GWIND to present information, insights and statements about the company (GWIND). The accuracy, adequacy and completen
Slide 20: Thank you!
GALATAWIND Thank you!
Galata Wind Enerji A.Ş. — Q3 2022 Earnings Presentation on 6ix