Aksa Enerji Uretim A.s. · BIST:AKSEN
Aksa Enerji Uretim A.s — Q1 2025 Earnings Presentation
15 slides from Aksa Enerji Uretim A.s's earnings presentation, May 13, 2025
Slide 1: 1Q 2025 Earnings Presentation
1 1Q 2025 EARNINGS PRESENTATION 13 May 2025
Slide 2: Key Highlights – 1Q25
Key Highlights – 1Q25 STRONG IMPROVEMENT IN EBITDA MAINLY DRIVEN BY CONTRIBUTION FROM TALLIMARJON PP TL million 1Q25 1Q24 y/y 1Q25 vs 1Q24 Net Sales 9,630 8,095 19% EBITDA 2,789 1,966 42% Net Income 399 1,003 -60% (1) Net Financial Debt 30,743 29,840 3% 1Q25 1Q24 y/y KPIs-1Q25 vs 1Q24 Gross Margin 2
Slide 3: Regional Breakdown
Regional Breakdown FOREIGN OPERATIONS’ CONTRIBUTION TO EBITDA AT 75% TL million Domestic Foreign Share of Foreign Cumulative- 1Q25 27% Net Sales 7,021 2,608 73% 25% EBITDA 686 2,103 75% Profit Before Tax -662 1,818 TL million Domestic Foreign Share of Foreign Cumulative- 1Q24 33% Net Sales 5,419 2,6
Slide 4: Shares of Regions in EBITDA
Shares of Regions in EBITDA FOREIGN OPERATIONS’ CONTRIBUTION ALMOST STABLE AT 75% Shares of Regions in EBITDA 80% 76% 75% 70% 60% 50% 40% 30% 25% 24% 20% 10% 0% Domestic Foreign 1Q24 1Q25 1Q24 1Q25 Domestic Foreign • Foreign operations’ contribution almost stable at 75% • Contribution of domestic op
Slide 5: Price Evolution in Turkish Market
Price Evolution in Turkish Market Price SPOT PRICES IN Evolution in Turkish TURKIYE INCREASED Market BY 18% Y/Y IN 1Q25 Average Spot Electricity Prices (TL/MWh) 3,000 2,520 2,415 2,390 2,000 2,030 1,969 1,000 0 1Q24 2Q24 3Q24 4Q24 1Q25 Average Spot Energy Prices • In 1Q25, average spot prices increa
Slide 6: Antalya PP - Key Highlights
Antalya PP - Key Highlights ANTALYA- 900 MW NATURAL GAS CCGT Ali Metin Kazancı SIGNIFICANT Antalya RECOVERY Power Plant – Key Highlights IN GENERATION Antalya Power Plant Location Technical Overview < ◼ Energy Source: Natural Gas Plant Overview ◼ Installed Capacity: 900 MW CCGT ◼ CoD: 2008 ◼ 2 Sieme
Slide 7: Bolu PP - Key Highlights
Bolu PP - Key Highlights BOLU GÖYNÜK- 270 MW LOCAL LIGNITE POWER PLANT Bolu Göynük SUPPORT FROM Power CAPACITYPlant – Key Highlights PAYMENTS Bolu Göynük Power Plant Location Technical Overview ◼ Energy Source: Local Lignite Plant Overview ◼ Installed Capacity: 270 MW (2x 135 MW) ◼ CoD: 2015 ◼ 2 uni
Slide 8: Northern Cyprus - PP Key Highlights
Northern Cyprus - PP Key Highlights NORTHERN CYPRUS 188 MW COMBINED CYCLE HFO POWER PLANT USD BASED GUARANTEED ENERGY SALES Northern Cyprus Power Plant Location Technical Overview ◼ Energy Source: Liquid Fuel ◼ Installed Capacity: 188 MW Combined Cycle Plant Overview ◼ CoD: 2003 ◼ Contract Expiry: 2
Slide 9: Tashkent, Bukhara & Tallimarjon PP – Key Highlights
Tashkent, Bukhara & Tallimarjon PP – Key Highlights OUR TOTAL INSTALLED CAPACITY WILL INCREASE TO 1,220 MW IN UZBEKISTAN WITH Tashkent COMPLETIONA,OF B and Bukhara COMBINED CYCLEPower Plants – Key Highlights PP IN TALLIMARJON Uzbekistan Power Plants’ Locations Technical Overview ◼ Energy Source: Nat
Slide 10: Africa Operations – Key Highlights
Africa Operations – Key Highlights LONG TERM GUARANTEED ENERGY SALES IN HARD CURRENCY & Mali FUEL Power Plant – Key IS PASS THROUGH Highlights IN ALL OF OUR OVERSEAS OPERATIONS Africa Power Plants’ Locations Technical Overview ◼ Energy Source: Natural Gas + Liquid Fuel ◼ Installed Capacity: 370 MW P
Slide 11: Consolidated Summary Income Statement
Annex CONSOLIDATED SUMMARY INCOME STATEMENT 1Q25 1Q24 y/y MM TL Net sales 9,630 8,095 19% Cost of sales (7,344) (6,722) 9% Gross Profit 2,285 1,373 66% General & administrative costs (345) (387) -11% Marketing expenses (12) (17) -31% Other operating income 121 405 -70% Other operating expenses (37)
Slide 12: Consolidated Summary Balance Sheet
Annex CONSOLIDATED SUMMARY BALANCE SHEET 1Q25 YE24 ytd MM TL Cash and cash equivalents 2,958 1,160 155% Trade receivables 9,388 10,983 -15% Inventories 1,420 1,517 -6% Total Current Assets 16,047 16,305 -2% PP&E 69,762 68,009 3% Intangibles 2,586 1,783 45% Total Non-current Assets 77,274 74,796 3% T
Slide 13: 2025 Guidance Maintained as of May'25
Annex 2025 2024GUIDANCE MAINTAINED AS OF MAY’25 BEKLENTİLERİ FINANCIAL 2024 ACTUAL 2025 GUIDANCE COMPOSITION COMPOSITION INDICATOR (MM TL) (MM TL) 24% 40% 60% 76% NET SALES 31,639 Domestic Foreign 36,850 Domestic Foregin 27% 14% 73% 86% EBITDA 7,560 Domestic Foreign 11,005 Domestic Foreign 16% 26% 2
Slide 14: Contact Information
Contact Information INVESTOR RELATIONS Pınar Saatcıoğlu Investor Relations and Sustainability Director investorrelations@aksaenerji.com.tr +90 216 681 1053 Rüzgarlıbahçe Mh . Özalp Çıkmazı No:10 Kavacık / Beykoz Istanbul Aksa Enerji Üretim A.Ş. https://www.aksainvestorrelations.com/tr/ana-sayfa/ 14
Slide 15: Disclaimer
DISCLAIMER Aksa Energy has prepared this presentation for the sole purpose of providing information, which contains forward-looking statements that reflect the Company management’s current views with respect to certain future events. Although it is believed that the expectations reflected in these s
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