Cates Elektrik Uretim Anonim Sirketi · BIST:CATES
Cates Elektrik Uretim Anonim Sirketi — Çates Elektrik Üretim A.Ş. — Q1 2026 Earnings Presentation
21 slides from Cates Elektrik Uretim Anonim Sirketi's earnings presentation, Mar 31, 2026
Slide 1: CATES Investor Presentation Q1 2026
CATES Investor Presentation Q1 2026
Slide 2: Table of Contents
Table of Contents A Assessment of Financial Results B Information About the Company C Information About the Sector D Highlights of the First Quarter of 2026 E Annexes 2
Slide 3: Assessment of Financial Results
A Assessment of Financial Results Çatalağzı Thermal Power Plant completed the first quarter of 2026 with 361 GWh gross electricity generation, revenues of TRY 2,861 million, EBITDA of TRY -185 million and net loss for the period of TRY -783 million. ➢ Our power plant delivered a solid performance in
Slide 4: Information About the Company
Information About the Company
Slide 5: Key Information on Power Plant
B Key Information on Power Plant Catalagzi (CATES) Thermal Power Plant Catalagzi Thermal Power Plant Zonguldak, 314.68 MW License Installed License Licensing Operation Location Number Capacity Date Period Date Zonguldak / EÜ/5358- 314.68 MWe/ 18.12.2014 49 Years 22.12.2014 Catalagzi 1/03178 319.6 MW
Slide 6: Power Plant Equipment
B Key Information on Power Plant Power Plant Equipment Boiler: Natural circulation boiler with reheater, single burner, dome (Boiler is the process in which the energy is obtained by burning coal and converting pure water into superheated steam. Supplier: Transelektro) ▪ Boiler Heat Capacity: 480 t/
Slide 7: Milestones
B Milestones Özelleştirme Upon winningİdaresi Başkanlığı the tender tarafından organized by thedüzenlenen Privatization As decided in the public investment Çatalağzı B Santrali’ndeki 1. Ünite 1990 ihalenin kazanılması Administration, ile, Çatalağzı Çatalağzı ThermalTermik PowerSantrali ve bu Plant a
Slide 8: Shareholding Structure
B Shareholding Structure Parla Enerji Yatırımları A.Ş. (Parla Enerji) owns 79.99% of the Company's shares and the remaining 20.01% is publicly traded. Parla Enerji is wholly (100%) owned by Aydem Holding. Parla Enerji Publicly Traded Aydem Holding A.Ş. Yatırımları A.Ş. 79.99% 20.01% 100% Çates Elekt
Slide 9: Operational Management Performance at Global Standards
B Operational Management Performance at Global Standards ISO 14001 ISO 50001 Our operations at Catalagzi Environmental Energy Management Management Thermal Power Plant are carried out with the Integrated Management System. Our ISO 9001 ISO 45001 Quality Occupational internationally recognized Manage
Slide 10: Information About the Sector
Information About the Sector
Slide 11: Plays a strategic role in Turkey's energy sector and future
C Plays a strategic role in Turkey’s energy sector and future The growth of Turkish GDP… …drives electricity demand... ...with material further upside Real GDP (USDbn)1 Electricity demand (TWh)2 Per capita electricity consumption (MWh)3 5.6% CAGR 2.8% 5.6% CAGR 7.0% 4.539 CAGR CAGR 399 3.464 348 7,5
Slide 12: Price Changes (2023 - 2024 - 2025 / 2026 TRY)
C Price Changes (2023 - 2024 - 2025 / 2026 TRY) ‘000 (k TRY) ‘000 (bin TRY) 3,4 3,9 3,9 3,7 3,7 3,5 3,53,4 3,4 3,0 3,4 3,4 2,9 2,9 2,9 2,8 2,8 3,1 3,1 2,7 2,7 2,6 2,6 2,4 2,8 2,5 2,5 2,5 2,5 2,5 2,4 2,8 2,4 2,4 2,3 2,3 2,2 2,3 2,2 2,2 2,2 2,6 2,1 2,1 2,4 2,1 2,0 2,1 2,3 2,3 2,1 2,1 2,4 2,0 2,3 2,0 2
Slide 13: Highlights of the First Quarter of 2026
Highlights of the First Quarter of 2026
Slide 14: Power Plant Electricity Generation
D Power Plant Electricity Generation Gross Generation (GWh) +11% +2% -%23 460 468 415 361 61% 67% 69% 53% 1Q 2023 1Q 2024 1Q 2025 1Q 2026 Capacity Factor 14
Slide 15: Summary Financials
D Summary Financials Revenues Gross Profit mn TRY mn TRY 2,861 137 +72% 1,663 n.m. (423) Q1 2025 Q1 2026 Q1 2025 Q1 2026 EBITDA Net Profit mn TRY mn TRY 177 n.m. n.m. (348) (185) (783) Q1 2025 Q1 2026 Q1 2025 Q1 2026 n.m.: not meaningful Note: In accordance with TAS 29, inflation accounting is appli
Slide 16: Summary Financials
a D Summary Financials Cash and Cash Equivalents Net Working Capital mn TRY 1,321 mn TRY 2,820 1,000 2,480 Q4 2025 Q1 2026 Q4 2025 Q1 2026 Net Financial Debt Earnings per Share mn TRY TRY (2,11) (897) (1,217) (4,74) Q4 2024 Q1 2025 Q1 2025 Q1 2026 Note: In accordance with TAS 29, inflation accountin
Slide 17: Annexes
Annexes eee ‘ Wa J GATALAGZI THERMAL POWER PLANT
Slide 18: Annex - Summary Consolidated Tables (TFRS)
E Annex 1 - Summary Consolidated Tables (TFRS) Summary Statement of Financial Summary of Profit or Loss Statement March 31, 2026 December 31, 2025 March 31, 2026 March 31, 2025 Position (TRY mn) (TRY mn) Current Assets 3,242 3,255 Revenue 2,861 1,663 Non-Current Assets 12,917 13,229 Cost of Sales (3
Slide 19: Contact
E Contact Investor Relations Tel : +90 372 264 30 50 investorrelations@cates.com.tr https://www.cates.com.tr/en/investor-relations Headquarters Şahinler Mahallesi Şahinler (Küme Evler) Yatağan Termik Santrali Sitesi No: 259/1 Yatağan/Muğla https://www.cates.com.tr/en 22
Slide 20: Disclosure Note
E Disclosure Note ✓ Nevertheless, Çates Elektrik Üretim A.Ş. makes no claims or guarantees about the accuracy or completeness of the information contained in this Report. The information contained in this presentation can be changed without notice. ✓ Information contained in this presentation does n
Slide 21: CATES Investor Presentation Q1 2026
CATES Investor Presentation Q1 2026
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