Aselsan Elektronik Sanayi Ve Ticaret A.s. Class B · BIST:ASELS
Aselsan Elektronik Sanayi Ve Ticaret A.s. Class B — Investor Presentation (February 2021)
19 slides from Aselsan Elektronik Sanayi Ve Ticaret A.s. Class B's investor presentation, February 2021
Slide 1: Investor Presentation
Investor Presentation February 2021
Slide 2: Turkey and ASELSAN's Place in Global Defense
Turkey and ASELSAN’s Place in Global Defense 2019 Top 10 Spenders vs. Turkey Military Spending of Turkey (5-year averages) (Billion $) (Billion $) USA 732 18,00 China 261 16,00 India 71 14,00 Russia 65 12,00 Saudi Arabia 62 10,00 France 50 8,00 Germany 49 6,00 United Kingdom 49 4,00 Japan 48 2,00 So
Slide 3: Shareholder Structure
Shareholder Structure Shareholder Structure Turkish Armed Forces Foundation (TAFF) ASELSAN, TAFF BOARD OF TRUSTEES -President (Chairman) is the only defense company listed on BIST. -Vice President - Minister of National Defense - Chief of General Staff - President of Defence Industries Free Float TA
Slide 4: Field of Activities
Field of Activities TRANSPORTATION, COMMUNICATION MICROELECTRONICS RADAR, ELECTRONIC DEFENSE SYSTEMS SECURITY, ENERGY, INFORMATION GUIDANCE and WARFARE TECHNOLOGIES AUTOMATION and TECHNOLOGIES ELECTRO-OPTICS HEALTHCARE COMMUNICATION AVIONIC RADAR SYSTEMS AIR and MISSILE DEFENSE SECURITY SATELLITE SY
Slide 5: Our Affiliates
Our Affiliates ROKETSAN ASELSANNET ASELSAN KONYA SİLAH SİS. ASELSAN BİLKENT MİKRO NANO Share :15% Share:51% Partner: Konya Share:50% Partner: TAFF Share :100% Defence Industry Partner: BİLKENT Ünv. Founded: 1988 Founded: 2004 Founded: 2018 Founded: 2014 Assets: 1,3 Bio $ (*) Assets: 253 Mio $ Assets
Slide 6: Human Resources
Human Resources Talent Management Total Employees : 8.851 University-Industry Cooperation Engineers : 5.308 Location and Fringe Benefits Back to Turkey Project 7% Administrative Projects Carried Out with Universities 4% Support 29% Technicians Internship and Co-op Opportunities for High school and U
Slide 7: Domestic Sales and Exports
Domestic Sales and Exports MI L L I ON TL Domestic Sales Exports 16.104 16.000 1.540 14.000 13.013 12.000 1.574 10.000 9.009 889 8.000 14.564 5.412 6.000 11.439 3.850 784 4.000 2.535 2.739 8.120 2.171 485 1.502 1.633 460 547 2.000 398 4.628 83 272 3.365 1.773 2.075 2.192 1.419 1.361 0 7
Slide 8: 2020 Summary Financials
2020 Summary Financials 1.3 Billion 9.5 Billion 16.1 Billion +38% 24,4% USD USD TL New Increase in EBITDA Backlog Revenue Contracts EBITDA Margin Financial Highlights (Million TL) Dec'19 Dec'20 ∆% Net Sales 13.013 16.104 24 Gross Profit 3.372 4.605 37 Gross Profit Margin 25,9% 28,6% Operating Profit
Slide 9: Our Backlog
Our Backlog Backlog History (Billion USD) $9,7 $9,5 $9,1 $6,8 $6,2 2016 2017 2018 2019 2020 New Contract Awards (Million USD) <50 50-300 >300 4.057 3.043 2.881 1.947 2.070 942 1.148 411 1.279 1.206 426 701 1.704 1.154 958 895 853 579 406 9 2016 2017 2018 2019 2020
Slide 10: Our Backlog
Our Backlog TAI 9% Ministry of National Defense BMC 6% ASFAT 13% STM Caspian Region ROKETSAN 3% Other 9% Exports 11% Europe and Americas 1% Presidency of Defense Industries Middle East and Asia 52% 7% EUR Non- TRY 12% Defense Defense 93% 19% 7% EUR 38% Backlog Cost Backlog Distribution USD Distribut
Slide 11: Prospective Projects and Potential Business Areas
Prospective Projects and Potential Business Areas Prospective Projects MILGEM I-Class Indigenous Laser Guidance Kit Frigate Helicopter Non-Defense Areas Railway Signaling Energy Management and Health Systems Systems Smart Grid Systems 11
Slide 12: The Biggest R&D Spender in Turkey
The Biggest R&D Spender in Turkey ASELSAN will not pay any corporate taxes till the end of 2023 due to tax incentives on R&D activities. R&D Spending Million TL Milyon TL Externally-Funded R&D Internally-Funded R&D 4.000 3.356 3.500 2.975 481 3.000 1.675 316 2.163 2.500 912 1.675 2.000 289 1.243 312
Slide 13: 2021 Guidance
2021 Guidance* Net Sales 40% - 50% Growth EBITDA Margin 20% - 22% CAPEX 2.000 Million TL * These expectations are based on the yearly average of USD/TL parity to be 8,2595 and EURO/TL parity to be 9,8341. 13
Slide 14: Our Stakeholder Map
Our Stakeholder Map Employees Customers Employee Satisfaction Survey Customer Satisfaction Employees’ Voice Workshops Surveys Surveys on the Working Website Experience Call Center Society Exhibitions in and outside Investors Turkey Website Analyst Meetings Social Media and Press Investor Conferences
Slide 15: Appendix
APPENDIX 15
Slide 16: Consolidated Balance Sheet (Million TL)
Consolidated Balance Sheet (Million TL) Assets Liabilities (Milllion TL) 31.12.2019 31.12.2020 (Milllion TL) 31.12.2019 31.12.2020 CURRENT ASSETS 13.976 19.594 CURRENT LIABILITIES 7.744 12.320 Cash and Cash Equivalents 3.514 4.082 Short-term Financial Liabilities 2.224 3.007 Trade Receivables 3.885
Slide 17: Income Statement
Income Statement Consolidated Income Statement (Million TL) (Milllion TL) 31.12.2019 31.12.2020 PROFIT OR LOSS Revenue 13.013 16.104 Cost of sales (-) (9.641) (11.499) GROSS PROFIT 3.372 4.605 General administrative expenses (-) (343) (400) Marketing expenses (-) (204) (281) Research and development
Slide 18: Forward Looking Statements
Forward Looking Statements The information contained herein has been prepared by ASELSAN (the Company). The opinions presented herein are based on general information gathered at the time of writing and are subject to change without notice. These materials contain statements about future events and
Slide 19: Address
Address ASELSAN Elektronik Sanayi ve Ticaret A.Ş. Mehmet Akif Ersoy Mah. 296. Cad. No:16 06200 Yenimahalle, Ankara Telephone +90 850 828 1 828 E-Mail aselsan.ir@aselsan.com.tr Web Site www.aselsan.com.tr/en/investor-relations 19
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