Kontrolmatik Teknoloji Enerji Ve Muhendislik As · BIST:KONTR
Kontrolmatik Teknoloji Enerji Ve Muhendislik As — Q2 2021 Earnings Presentation
26 slides from Kontrolmatik Teknoloji Enerji Ve Muhendislik As's earnings presentation, Sep 9, 2021
Slide 1: 2Q21 Investor Presentation
2Q21 Investor Presentation September 9, 2021 1
Slide 2: Disclaimer
DISCLAIMER This presentation reflects the opinions of the Company management regarding the future events, including the future expectations, as well as the analysis of the information and financial statements about Kontrolmatik Teknoloji Enerji ve Mühendislik A.Ş (“Kontrolmatik” or the “Company”). A
Slide 3: Executive Summary
Executive Summary The high revenue growth seen in 1Q21 continued in 2Q21. With the Revenue relaxation of pandemic restrictions, the reduction of supply problems and Performance new projects taken in the first 6 months of 2021 supported the financials. The base effect of the pandemic has been reflect
Slide 4: 140% Revenue Growth in 2Q21
140% Revenue Growth in 2Q21 176% Growth in 6M21 Top-Line – 6 Months (M TL) Top-Line – 2nd Quarter (M TL) * Pandemic Base Effect * Rise in Project Sizes %176 %140 * More than 85% Currency Income * Growth in Project Completions 194 * Reputation Increase 91 * Contribution of R&D Projects to Income 140%
Slide 5: High EBITDA & Net Profit Growth in 2Q21
High EBITDA & Net Profit Growth in 2Q21 Gross Profit (M TL) %31.9 %42,4 61,8 38,4 %18.1 %22,6 12,7 8,6 6M20 6M21 2Q20 2Q21 %30.7 EBITDA (M TL) %37.4 59,6 33,8 %19.9 %22.9 14,0 8,7 6M20 6M21 2Q20 2Q21 %21.9 %27.3 Net Income (M TL) 42,5 24,7 %12.3 %12.2 4,7 8,6 6M20 6M21 2Q20 2Q21 Gross Profit, EBITDA
Slide 6: Operating Expenses, MTL
Operating Expenses, MTL Total Operating Expenses & % of Revenue Sales Marketing Expenses & % of Revenue 5% 15% 1% %3 90.5 90.5 37.8 37.8 13.2 8.1 2.0 0.3 2Q20 2Q21 2Q20 2Q21 Revenue Total Operating Expense Revenue Marketing Expense General Adm. Expenses & % of Revenue R&D Expenses & % of Revenue 4%
Slide 7: Revenue & Gross Profit Growth Reflected on Net Profit in 2Q21
Revenue & Gross Profit Growth Reflected on Net Profit in 2Q21 Net Income – 6M21 (M TL) Net Income – 2Q21 (M TL) www.kontrolmatik.com 2Q21 7
Slide 8: Solid Growth
Solid Growth Revenue, MTL EBITDA, MTL %89 CAGR %165 CAGR 325 82 187 201 37 28 59 35 7 3 2017 2018 2019 2020 2Q21 2017 2018 2019 2020 2Q21 Net Income, MTL Net Debt (Cash), MTL %279 CAGR %23 CAGR 24 58 12 9 28 24 1 -1 1 -6 2017 2018 2019 2020 2Q21 2017 2018 2019 2020 2Q21 2Q21 data are annualised. Oth
Slide 9: Summary Financial Figures
Summary Financial Figures M TL 6M’20 6M’21 Change 2Q’20 2Q’21 Change Revenue 70.4 194.0 176% 37.8 90.5 140% Gross Profit 12.7 61.8 385% 8.5 38.4 350% EBIT 13.2 57.1 334% 8.2 32.3 293% EBITDA* 14.0 59.6 325% 8.7 33.8 291% Net Income 8.6 42.5 393% 4.6 24.6 429% Gross Margin 18.1% 31.9% 13.7% 22.6% 42.
Slide 10: Liquid and Low Leverage Balance Sheet Structure
Liquid and Low Leverage Balance Sheet Structure As of 2Q 2021, Current Assets %7 comprise %87 and 433 mTL Equity comprise Total %41 of Total Assets Assets of 433 m TL %3 %2 www.kontrolmatik.com 2Q21 10
Slide 11: Working Capital Rises Parallel to Increasing Business Volume in 2Q21
Working Capital Rises Parallel to Increasing Business Volume in 2Q21 www.kontrolmatik.com 2Q21 11
Slide 12: Debt Profile
Debt Profile Debt Profile as of 4Q'20 (M TL) 1 mTL Net Cash Currency Breakdown (As of Q2'21) 7 %21 TL 49 57 %78 EUR -1 %1 USD Short Term Long Term Cash and Cash Net Debt Financial Debt Financial Debt Equivalents Debt Profile as of 2Q'21 (M TL) 24 mTL Net Debt Maturity Breakdown as of 0,3x Net Debt/E
Slide 13: Foreign Currency Position
Foreign Currency Position Currency Position Development (M TL) As of 2Q'21 Assets Liabilities 68 M TL - (8) 8 32 68 Long Position 203 150 135 TL & Euro 119 based loans 75 68 despite high 36 44 foreign 10 10 currency share in revenue 2017 2018 2019 2020 2Q'21 www.kontrolmatik.com 2Q21 13
Slide 14: Investments
Investments 1Q21 Investment Investments – 6 Months (M TL) Investments – Quarter (M TL) Increase Expenditures for R&D Design Center and computer software %1 %8 %0 %4 2.3m TL in 2Q21 R&D Investment 15,8 3,9 Electromechanical productions, Mobile Transformer Substations, Hybrid container production star
Slide 15: Planned Investments: Lithium Ion Based Battery Cell Facility
Planned Investments: Lithium Ion Based Battery Cell Facility Lithium Ion Based Battery Cell Investment Calender Phase 1 Phase 2 Phase 3 Total Investment is planned to Investment Start 2021 Q3 2022 Q4 2024 Q3 start in the third quarter Completion 2022 Q4 2023 Q4 2025 Q3 of 2021 Annual Capacity 250 MW
Slide 16: Planned Investments: Satellite Technologies-1
Planned Investments: Satellite Technologies-1 PLAN S Satellite Technologies Road Map Calender Phase 1 Phase 2 Phase 3 PLAN S Satellite and Space Technologies Inc. Facility Establishment, Sending First Investment Stages R&D Process Established on July 6, 2021 with an initial capital of Gathering Crew
Slide 17: Planned Investments: Satellite Technologies-2
Planned Investments: Satellite Technologies-2 4Q22 2Q23 4Q23 Connecta IoT Connecta Test1 Satellite Connecta Test2 Satellite Constellation Phase A o IoT communication tests o Imaging with high and low resolution o A large number of IoT satellites to cover cameras Turkey and its immediate surroundings
Slide 18: Financial Ratios Indicate the Efficiency of Investments
Financial Ratios Indicate the Efficiency of Investments Liquidity Ratios 2019 2020 2Q21 o Low Financial Leverage Ratios Current Ratio 1.13 1.61 1.56 Liquidity Ratio 1.06 1.27 1.33 Debt Ratios 2019 2020 2Q21 o Net Debt/EBITDA of 0.3, well Total Debt/Total Assets 75.9% 58.2% 59.3% below the risk zone
Slide 19: Substantially Above Market Performance
Substantially Above Market Performance Kontrolmatik Share Performance* %671 o With an increase of 671% from the Share Performance Since IPO date of the public offering on October by 31.08.21 102.65 19, 2020 to the end of August 2021, KONTR provided a return well above the market for its investors. 5
Slide 20: Growth Strategy
Growth Strategy In Current Markets & Industries In New Markets & Industries • To increase customer satisfaction in order • Adding new markets and geographies for to be permanent in the geographies operating industries served • Adding new sectors in the geographies • To rise the number and effectiven
Slide 21: Regions of Operation
Regions of Operation Current & Target Markets • Turkey • Developing Countries & Regions • Sub-Saharan Africa • Iraq & Middle East • Turkic Republics Ongoing Projects Kenya, Malawi, Burkina Faso, Iraq, Turkey, Uzbekistan, Georgia, Mali, Libya Completed Projects Iraq, Ethiopia, Turkey, Saudi Arabia, T
Slide 22: Office and Agency Network
Office and Agency Network Office • Turkey (General Center) Project Offices of Existing Projects • Iraq • Kenya • Kuwait • Guinea • Uzbekistan* Agencies • Kazakhistan • Iraq • Ethiopia • Kuwait The registration process continues in Libya for the opening of a branch office in Libya, • Kenya which is 1
Slide 23: 87% of Ongoing Projects in Foreign Currency
87% of Ongoing Projects in Foreign Currency* 29% of Ongoing Contracts in Euro, High foreign exchange share in 58% in Dollars, 13% in TL top-line positively affects income and 37% of Existing Projects in Turkey, profitability in 63% Abroad exchange rate fluctuations Diğer Kenya Senegal 7% 3% 2% TL Gü
Slide 24: High Growth Expectation in 2021
High Growth Expectation in 2021 REVENUE More than 550 mTLTop-Line with ~175% GROWTH Growth EBITDA GROWTH More than 120 mTL EBITDA with 20%-25% Margin R&D INVESTMENT R&D Investment of >3% of Sales Revenue OTHER INVESTMENTS Investment Excluding R&D up to 6% of Sales Revenue www.kontrolmatik.com 2Q21 2
Slide 25: Investment Thesis
Investment Thesis Maintaining the high growth and profitability increase Growth plan in the IoT market seen in 1Q21 financials in 2Q21 The rising reputation in both domestic and 68 million TL foreign currency surplus international markets thanks to IPO creating an Financials are positively affe
Slide 26: Thank You
Thank You For More Information Metin Demir Investor Relations Manager 0212 659 2441 yatirimci.iliskileri@kontrolmatik.com 26
Kontrolmatik Teknoloji Enerji ve Mühendislik A.Ş. — Q2 2021 Earnings Presentation on 6ix