Karsan Otomotiv Sanayii Ve Ticaret A.s. · BIST:KARSN
Karsan Otomotiv Sanayii Ve Ticaret A.s — Q1 2024 Earnings Presentation
37 slides from Karsan Otomotiv Sanayii Ve Ticaret A.s's earnings presentation, 2024
Slide 1: Investor Presentation 2024 Q1
INVESTOR PRESENTATION 2024 Q1
Slide 2: Karsan Mobility
< KARSAN ~-60veEars MOBILITY EMPLOYEES PIONEER & LEADER «START-UP» SPIRIT C4 Karsan | ELECTRIC EVOLUTION
Slide 3: Our Vision
OUR VISION One Step Ahead in the Future of Mobility Sustainable Growth Distinctive Being a Pioneer in in Operational Future Mobility Europe & North Processes Technology & America Collaborations
Slide 4: With Karsan Brand for Global Brands
WITH KARSAN BRAND EXIST IN THE GLOBAL MARKET FOR GLOBAL BRANDS MANUFACTURING
Slide 5: Technological Trends
TECHNOLOGICAL TRENDS ELECTRIC HYDROGEN AUTONOMOUS
Slide 6: Electric Conversion Is Accelerating in Public Transportation
PUBLIC TRANSPORTATION IN THE NEAR FUTURE ELECTRIC CONVERSION IS ACCELERATING IN 2035,100% OF NEW URBAN $ 100 MN BUDGET IN 5 YEARS BUS WITH ZERO EMISSIONS TO ELECTRIC PUBLIC TRANSPORT
Slide 7: Electric Evolution in Global Bus Battery Market
ELECTRIC EVOLUTION IN GLOBAL BUS BATTERY MARKET 297.000 76,685 2020 2024 2028 2030 Source: Market & Markets Global Outlook Report, Chatrou CME Solutions European Bus Report, Expert Analysis
Slide 8: Electric Evolution in Global Mass Transportation Market
ELECTRIC EVOLUTION IN GLOBAL MASS TRANSPORTATION MARKET 223.000 ASIA PACIFIC 184.000 145,000 38,500 NORTH AMERICA 72,916 29,000 23,700 EUROPE 19,350 9.600 6,600 8,000 LATIN AMERICA 4,500 496 2,600 2,750 3.800 MIDDLE EAST & AFRICA 381 2020 2024 2028 2030 Source: Market & Markets Global Outlook Report
Slide 9: Electric and Hydrogen Evolution in Global Bus Battery Market
ELECTRIC AND HYDROGEN EVOLUTION IN GLOBAL BUS BATTERY MARKET 267,000 ELECTRIC 228,000 157,250 75,336 30,000 HYDROGEN 5,750 13,700 1,349 2020 2024 2028 2030 Source: Market & Markets Global Outlook Report, Chatrou CME Solutions European Bus Report, Expert Analysis
Slide 10: a |e > A PATAX
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Slide 11: Electric, Autonomous, Hydrogen
ELECTRIC AUTONOMO HYDROJEN US
Slide 12: Buses on the Road in 23 Countries
1100+ VEHICLES OF KARSAN E- BUSES ON THE ROAD IN 23 COUNTRIES NORWAY FINLAND CANAD A BELGIU LITHUANIA M GERMA POLAN NY D LUXEMBO URG SLOVAKI SWITZERLAN A USA FRANC CROTIA ROMANI D E A ITALY BULGARIA MEXIC SPAIN TÜRKİY PORTUGAL GREECE E O JAPAN
Slide 13: Our Successes
< KARSAN | ELECTRIC EVOLUTION
Slide 14: Our Target Markets
OUR TARGET MARKETS EUROPE NORTH AMERICA RIGHT HAND DRIVE MARKETS
Slide 15: Autonomous Bus Deployments in USA and Europe
AUTONOMOUS BUS DEPLOYMENTS IN USA AND EUROPE N E U RO S T IN US I A 1 st 1 PE NORWAY, Stavanger TURKIYE, Ankara USA, Michigan ROMANIA Bucharest FRANCE, Châteauroux TURKIYE, İstanbul FINLAND, Tampere HOLLAND, Rotterdam NEW NEW NEW NEW
Slide 16: 84% of Karsan Electric Exports from Turkey to Europe
ELECTRIC EXPORTS FROM TURKEY TO EUROPE IN THE LAST 5 YEARS %84 OF KARSAN TOTAL 91 767 3 vehicles vehicles Source: Bus and minibus export data 2019, 2020, 2021, 2022 Chatrou Bus Report, Taken from EU27+UK+ICE+NO+CH Data Analysis & Press Reports.
Slide 17: Our Target Markets
OUR TARGET MARKETS EUROPE NORTH AMERICA RIGHT HAND DRIVE MARKETS
Slide 18: North America's First Electric Minibus e-JEST
AN A D NORTH AMERICA'S FIRST ELECTRIC MINIBUS! USA A C Saint John Massachusetts 13 Happy Valley 3 Santa Maria e- JEST Oakville Nantucket
Slide 19: Our Target Markets
OUR TARGET MARKETS EUROPE NORTH AMERICA RIGHT HAND DRIVE MARKETS
Slide 20: First Electric Bus in Japan
R S T S E F I - B U TH EAN E IN JAP O P P A N W R A AN NO E U IN J
Slide 21: Firsts with the Production of Renault Megane
WE ACHIEVED FIRSTS WITH THE PRODUCTION OF RENAULT MEGANE! FIRST TIME AUTOMOBILE PRODUCTION OF RENAULT FRANCE THE FIRST AND ONLY APPROVED MANUFACT
Slide 22: Record Annual Production Capacity
WE ACHIEVED FIRSTS WITH THE PRODUCTION OF RENAULT MEGANE! IN 16 M FULL CA O N T HS PACITY RECORD 41.000 ANNUAL PRODUCTION 2023
Slide 23: Carbon Neutral Production
CARBON NEUTRAL PRODUCTION 2024 2030
Slide 24: Financial Results
FINANCIAL R < KARSAN | ELECTRIC EVOLUTION
Slide 25: Key Income Statement Items (TL mn)
KEY INCOME STATEMENT ITEMS (TL MN) (AFTER INFL.ACC.) 2023-Q1 2024-Q1 REVENUE 2.023 1.756 GROSS PROFIT 314 249 OPERATING PROFIT 225 302 NET PROFIT 25 11 EBITDA 286 408
Slide 26: Cash Flow (mn TL)
CASH FLOW (MN TL) (AFTER INFL.ACC.) 2023-Q1 2024-Q1 Profit (Loss) for the Period 25 11 Adjustments Related to Reconciliation of Net 188 -234 Profit (Loss) for the Period Changes in Net Working Capital -590 1.522 Operational Cash Flow -849 1.404 Cash Flows from Investing Activities -286 -429 Interest
Slide 27: Financial Debt Structure – 2024 Q1
FINANCIAL DEBT STRUCTURE – 2024 Q1 DEBT MATURITY TOTAL DEBT BREAKDOWN EUR Short %63 Term %66 Long USD Term %0, TRY %34 9 %37
Slide 28: Capacity Utilization Rates
CAPACITY UTILIZATION RATES +%12 %94 1 %37 %2 2022-Q1 2023-Q1 2024-Q1
Slide 29: Balance Sheet (mn TL)
BALANCE SHEET (MN TL) (AFTER INFL.ACC.) 14.51 13,62 2 0 6.348 Current 5.975 Assets Non-Current 8.164 7.645 Assets Short Term 6.960 5.722 Liabilities 2.045 1.800 Long Term Liabilities 5.507 6.099 Equities 2023-Q1 2024-Q1
Slide 30: Our Targets
OUR TARGETS lll < KARSAN | ELECTRIC EVOLUTION
Slide 31: Entering New Markets with Karsan e-JEST RHD
ENTERING NEW MARKETS WITH KARSAN E-JEST RHD! (RIGHT-HAND DRIVE ) ENGLAN IRELAN LAUNCHI D D NG NOWEMBER ‘24 MALTA AUSTRALIA
Slide 32: C4 karsan | eecrc( eownon
C4 karsan | eecrc( eownon
Slide 33: Global
C¢ carsan «| KARSAN | ELECTRIC EVOLUTION
Slide 34: Autonomous, Electric, Hydrogen
AUTONOMOU HYDROGE S N ELECTRIC
Slide 35: 2024 Targets
2024 TARGETS 350-360 6%-7% 75-85 550-650 M€ M€ Vehicles Revenues Net Profit EBITDA Sales
Slide 36: Thank You
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Slide 37: Disclaimer
DISCLAIMER The information in this presentation has been provided by Karsan Otomotiv Sanayii ve Ticaret A.Ş. (Karsan Otomotiv) from sources believed to be reliable; however, Karsan Otomotiv does not guarantee the accuracy, completeness or authenticity of such information. This presentation contains
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