Alfa Solar Enerji Sanayi Ve Ticaret A.s. · BIST:ALFAS
Alfa Solar Enerji Sanayi Ve Ticaret A.s — 9M 2023 Earnings Presentation
39 slides from Alfa Solar Enerji Sanayi Ve Ticaret A.s's earnings presentation, November 2023
Slide 1: Investor Presentation January 1 - September 30 2023
Your Sun, Your Energy, Your Technology INVESTOR PRESENTATION January 1- September 30 2023
Slide 2: Agenda
01 ABOUT ALFA SOLAR ENERGY 02 COMPANY ACTIVITIES 03 FINANCIAL AND OPERATIONAL INDICATORS 04 WHY ALFA SOLAR ENERGY 05 PLANNED INVESTMENTS AND TARGETS
Slide 3: About Alfa Solar Energy
01 ABOUT ALFA SOLAR ENERGY
Slide 4: Company Profile
Company Profile High quality solar power products for a carbon-free world Alfa Solar Energy has set an example to the world in the photovoltaic (PV) panel production facility with its experienced 1780 MWp technical staff in the Kırıkkale OIS, with its real understanding of Annual Production Capacity
Slide 5: Brief History
BRIEF HISTORY 2011 2014 2015 2016 2017 The company was registered The construction of the main The company has increased its The company increased its paid- In 2017, the company increased its with the Ankara Trade Registry factory and machinery, which paid-in capital to TL 2,000,000 in capital to TL
Slide 6: Application to CMB for 700% bonus capital increase
2023 Application to CMB for 700% bonus capital increase The Company's current Registered Capital Ceiling of TL 200,000,000 has been increased to TL 4,000,000,000 and its validity period has been updated as 2023-2027. On May 3, 2023, 400% dividend was distributed to legal entity shareholders. An appl
Slide 7: Shareholding Structure
Shareholding Structure Alfa Solar Energy; continues its activities with the power it receives from its partners. SHARE IN SHARE IN CAPITAL PARTNER'S NAME-SURNAME/TRADE TITLE CAPITAL (TL) (%) %20 Alfa Kazan Energy and Environmental Investments Inc. 294.400.000 80% Public Shares 73.600.000 20% %80 Tot
Slide 8: Company Activities
QALFA COMPANY ACTIVITIES
Slide 9: PV Panel Production
PV Panel Production Production with advanced quality and high technology Alfa Solar manufactures photovoltaic solar panels, which are produced with many different cell technologies and sizes, and have different sizes and energy production values. It produces photovoltaic modules, which bring worldwi
Slide 10: PV Panel Sales
PV Panel Sales Loyal customer portfolio with solution partner approach The company is focused on its sole focus, solar panel production. By not operating in the field of solar power plant installation, it does not compete with the EPC companies that make up the largest customer portfolio and follows
Slide 11: PV Panel Sales (OEM production)
In addition to its own brand, Alfa Solar Energy makes OEM PV Panel Sales production for Turkiye's largest energy companies. The Company, which is preferred by large-scale energy companies operating in Turkey for its references and quality of OEM production, has allocated a significant portion of its
Slide 12: Electricity Production and Sales
Electricity Production and Sales The company aims to diversify its production portfolio in the field of renewable energy. Alfa Solar Enerji, aiming to diversify its production portfolio for sustainable growth, acquired Ada GES Elektrik Üretim Anonim Şirketi on September 11, 2023. With this acquisiti
Slide 13: Investments: New Factory and Storage
Investments Production-based investments and controlled growth approach New Factory Investment With the new factory investment, an increase of 1490 MWp was achieved in capacity. At the beginning of the last quarter of 2022, the company completed the first phase investments of its new 1780 MWp factor
Slide 14: Investments: SPP Installation
Investments Generate your own electricity SPP Installation Alfa Solar Energy is planning to establish a SPP that will meet the electricity needs of the Main Factory and the New Factory and produce as much as consumption; Within the scope allowed by current legislation, it has started to work on inst
Slide 15: Investments: Romania
Investments Growing with renewable energy investments Romania Investment Aiming to enter the foreign market, Alfa Solar Enerji has initially shifted its focus to Romania. Considering the development of the solar energy sector in Romania, the decision has been made to invest in a SPP there. As the fi
Slide 16: Investments: Storage-Integrated SPP Projects
Investments The objective of creating additional value through new business areas Storage-Integrated SPP Project Investment Our company has signed a contract with Egesa Elektrik İnşaat Enerji Üretim AŞ and Eyüp Taymur for the development of storage-integrated Solar Energy Power Plant (SPP) projects.
Slide 17: Financial and Operational Indicators
03 FINANCIAL AND OPERATIONAL INDICATORS
Slide 18: Financial Performance: Revenue
Financial Performance High revenue with ongoing capacity increases Quarterly revenues Revenue Mn (TL) Revenue Mn (TL) 2,000 09/2022 1.096 294% 1.640 1,500 1.385 09/2023 4.320 1.294 In the third quarter of 0 1,000 2,000 3,000 4,000 5,000 2023, compared to the 1,000 same period of the previous year, t
Slide 19: Financial Performance: Gross Profit
Financial Performance Increase in gross profit with accelerated revenue growth Gross Profit Mn (TL) Gross Profit Margin 25 1,200 %24,90 1.076 20 429% 1,000 15 %18,53 10 800 In the third quarter of 5 2023, compared to the 600 0 same period of the 09/2022 09/2023 previous year, there was a 429% increa
Slide 20: Financial Performance: Net Profit
Financial Performance Revenues increase reflected in net "profit" Net Period Profit Mn (TL) Net Profit Margin 1,200 25 %24,99 %23,97 278% 1.035 20 1,000 15 10 800 In the third quarter of 5 2023, compared to the 600 0 same period of the 09/2022 09/2023 previous year, there was a 278% increase 400 in
Slide 21: Financial Performance: EBITDA
Financial Performance Operational profitability and strong EBITDA margin EBITDA Mn (TL) EBITDA Margin 25 600 993 20 %23 414% 500 15 %17,63 10 400 In the third quarter of 5 2023, compared to 300 0 the same period of 09/2022 09/2023 the previous year, there was a 414% 200 increase in EBİTDA 193 100 0
Slide 22: Financial Performance: Assets and Equity
Financial Performance Profitable growth and debt-free financial structure Fixed Assets Equity 17.5% Assets Liabilities Equity Mn (TL) 45.1% 5,000 Short Term 30.09.2023 Liabilities 30.09.2023 4.010 52.1% 4,000 Current Assets Long Term Liabilities 82.5% 2.8% 3,000 Fixed Assets 2.202 14.1% 1.970 Equity
Slide 23: Financial Performance: Net Working Capital
Financial Performance Strong balance sheet and high net working capital Cash and Cash Equivalents Financial İnvestments Net Working Receivables İnventories 681 1.220 2,000 Capital Mn (TL) 4,000 3.310 1,500 1.434 3,000 Current Assets Short Term 2,000 1.692 Liabilities Mn (TL) 1,000 1,000 821 658 0 47
Slide 24: Financial Performance: Financial Debt
Financial Performance Minimum financing burden with auto financing model 09/2023 Financial Debt Status Mn (TL) Long Term Financial Debts Financial Debt 350 341 31.5% Rates 300 Short-Term Portions of 250 Short Term Long-Term Financial Financial Debts Debts 200 61.5% 7.1% 150 Financial Debt Ratio 10 %
Slide 25: Financial Performance: Ratios
Financial Performance Efficient use of resources and high ratios Return On Equity (ROE) Annual Return On Assets (ROA) 140 %120 120 100 RATIO 09/2022 12/2022 09/2023 %101 80 %83 60 Current Ratio 1,08 1,67 1,58 40 %46 %45 Liquidity Ratio 0,59 1,19 0,86 20 %18 0 Cash Ratio 0,32 0,84 0,46 09/2022 12/202
Slide 26: Operational Performance: Production Amount
Operational Performance Increase in production and sales quantities with increasing capacity increases Production Amount (MWp) 250 213% 204.8 200 181 171 150 In the third quarter of 150 2023, compared to the same period of the previous year, 100 there was a 213% 65.4 increase in production amount. 5
Slide 27: Operational Performance: Sales Amount
Operational Performance Increase in production and sales quantities with increasing capacity increases Sales Amount (MWp) 200 173.9 160.3 161.4 162.9 199% 150 In the third quarter of 2023, compared to the 100 same period of the previous year, there 58.1 was a 199% increase in sales amount. 50 0 2022
Slide 28: Operational Performance: Annual Production Capacity
Operational Performance Continuing capacity increases with the latest technological production line Annual Production Capacity (MWp) 1.500 Capacity Increase Rates %125 1780 1780 MWp 1.000 %172 Annual production 790,7 capacity reached with the commissioning of %55 the second phase of %100 500 the new
Slide 29: Operational Performance: Workforce
Operational Performance Experienced and qualified workforce Employee Distribution (30.09.2023) Number of Employees 800 773 672 192% 75 600 %10 White-collar In the third quarter of 400 2023, compared to the same period of the 264 previous year, there was a 192% increase 200 in number of 698 employees
Slide 30: Why Alfa Solar Energy
(QALFA 04 WHY ALFA SOLAR ENERGY
Slide 31: Value Added by Alfa Solar Energy to its Investors
Value Added by Alfa Solar Energy to its Investors Profitable Growth with Capacity increases to respond to increasing demand and business volume Increasing Increased revenue with the increase in the company's awareness and competence Investments 1.78 GWp production capacity 35 years of industry exper
Slide 32: Planned Investments and Targets
06 PLANNED INVESTMENTS AND TARGETS
Slide 33: Planned Investments: America/Europe
Planned Investments Alfa Solar Energy in America/Europe... There is an increasing demand for solar energy products within the scope of the decreasing solar energy costs, the ease of installation compared to other clean energy sources and the Net Zero Targets of the countries. Aiming to expand its sa
Slide 34: Planned Investments: Renewable Energy
Planned Investments Renewable energy investments for sustainable growth Alfa Solar Energy aims to diversify its production portfolio on the path of sustainable growth. While doing this, it wants to continue its contribution to clean energy production and energy conversion. Realizing its investments
Slide 35: Planned Investments: Cell Production Investment
Planned Investments Cell Production Investment Alfa Solar Energy, one of the important supporters of localization in production, wants to add new technologies to itself with its cell investment. Planning to make a cell investment, the Company aims to achieve vertical integration and increase the rat
Slide 36: Goals: Expectations for 2023
Goals Expectations for 2023 EXPECTATIONS FOR 2023 Production Capacity (Average) 1112 MWp/Year Capacity Utilization Rate (Average) 80% Solar Panel Production and Sales Quantity (MWp) 896 MWp Revenue 6.500.000.000 TL Operating Profit 1.125.000.000 TL Net profit 1.500.000.000 TL Net Profit Margin 23% (
Slide 37: Legal Notice
Legal Notice This presentation has been prepared for informational purposes only, and contains forward-looking statements and statements that reflect the current views of the Company management regarding certain future events. The expectations and projections contained in these statements are believ
Slide 38: Contact Information
Contact Information Investor Relations Head Office Nazlı Gül Aktaş Balgat District Mevlana Boulevard No: Investor Relations Manager 139 A/31 Cankaya/Ankara Tel: +90 312 230 32 57 Tel: +90 312 230 32 57 investorrelations@alfasolarenerji.com info@alfasolarenerji.com 38
Slide 39: Till the Last Day the Sun Rises!
Your Sun, Your Energy, Your Technology Till the Last Day the Sun Rises!
Alfa Solar Enerji Sanayi ve Ticaret A.Ş. — 9M 2023 Earnings Presentation on 6ix