Akfen Yenilenebilir Enerji A.s. · BIST:AKFYE
Akfen Yenilenebilir Enerji A.s — Akfen Renewable Energy — Investor Presentation (May 2026)
24 slides from Akfen Yenilenebilir Enerji A.s's investor presentation, May 2026
Slide 1: Akfen Renewable Energy Company Presentation
Akfen Renewable Energy Company Presentation May, 2026 1
Slide 2: Table of Contents
Table of Contents Table of Contents I. Company Overview II. Growth Strategy III. Appendix 2
Slide 3: Executive Summary: Corporate Structure
Executive Summary Corporate Structure Akfen Free Float1 Akfen Holding International 56.5% 15.1% 28.4% 2 100% 100% 100% 100% 100% 85% HEPPs SPPs WPPs Gökada Electricity Sunway Energy Akfen Wholesale (4 SPV’s) (32 SPV’s) (7 SPV’s) Aggregation (Romania) Established in 1976 Akfen Holding is one of Tur
Slide 4: Executive Summary
Executive Summary Number of Plants Installed Capacity (MW) FiT Duration (years)1 Total Portfolio 2,3 229 229 MW; MW; 349 MW; 536 MW; 26% 60% SPP Portfolio 2,8 887 MW 121 MW; MW; WPP&hybrid 121 3,3 6 WPP & 6 12 HEPP 35 SPP 14% SPP Portfolio hybrid SPP HEPP WPP&hybrid SPP SPP HEPP Portfolio 0,2 Financ
Slide 5: Recent Developments
Recent Developments Completed Investments - domestic Hybrid SPP Investments: Ongoing investments – domestic As of September 2025 a total of 85 MW / 6 hybrid SPP operational… Storage facilities with generation: WPP capacity increase: - Pre licenses obtained for a total of 310 MW storage facilities 10
Slide 6: Company Overview | Installed Capacity Development
Company Overview | Installed Capacity Development 887 MW 703 MW 706 MW 699 MW 613 MW 324 MW 255 MW 228MW 219MW 210MW 156 MW 147 MW 138MW 7MW 2007-2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022-23 2024 2025 1 The Company has achieved a significant growth in its 15-year per
Slide 7: Company Overview | Key Indicators
Company Overview | Key Indicators Revenues* (US$ mn) EBITDA* (US$ mn) 200 ,0 95 % 180 ,0 75% 77% 85 % 151 65% 150 160 ,0 75 % 148 57% 140 ,0 65 % 145 55% 56% 145 115 120 ,0 108 55 % 96 85 100 ,0 45 % 82 80,0 74 35 % 135 60,0 25 % 40,0 15 % 20,0 5% - -5% 2021 2022 2023 2024 2025 2026E 2021 2022 2023
Slide 8: Resources at Ideal Locations in Terms of Climate and Seasonality
Resources at Ideal Locations in Terms of Climate and Seasonality Wind Portfolio Positioning in Ideal Locations* Optimal Solar Portfolio Locations** RES Amasya & Tokat: PORTFÖYÜ 17 MW Marmara & Middle Aegean: 420 MW Avarege Wind Van: 37 MW Speed (m/s) Konya: 37 MW Malatya & Elazığ: South Mediterranea
Slide 9: Young portfolio with long FiT duration
Young portfolio with long FiT duration Young and Diversified Portfolio Geographical Footprint Within 8+ 39% years (344 MW) Within Last 887 23% 5 years MW (200 MW) Within Last 38% 6-7 years (342 MW) Mediterranean 19% Aegean 39% Central Anatolia 16% Eastern Anatolia Black Sea 8% 8% 10% Marmara 6 WPP&
Slide 10: Key Investment Highlights
Key Investment Highlights One of the largest renewable energy companies in Turkey with a modern electricity generation 1 portfolio of approximately 900 MW installed capacity with its operational and ongoing investments. Ability to create balanced generation and cash flow in all climatic conditio
Slide 11: Table of Contents
Table of Contents Table of Contents I. Company Overview II. Growth Strategy III. Appendix 11
Slide 12: Company Strategy
Company Strategy With the aim of becoming one of the largest pure play renewable energy portfolios in Turkey, Akfen Renewable targets following: 1 Hybrid Solar Investments - Completed Adding additional SPP capacity to 6 WPP projects, as of Sept. 2025 85 MW operational Wind Capacity Investments - C
Slide 13: Investments | Portfolio Growth Projections
Investments | Portfolio Growth Projections Ongoing Investments (310 MW)* 1,197 MW WPP storage Completed Investments (188 MW) facility projects SPP storage facility projects WPP capacity 887 MW 215 Hybrid SPP investments investments 95 666 699 MW 102 85 451 349 785 302 699 207 121 * In addition, the
Slide 14: Investments with Ongoing Permit Processes
Investments with Ongoing Permit Processes ROMANIA ❖ The approval process continues for a SPP project with storage in Romania. ARGEŞ TÜRKİYE AMASYA Gelinkaya Amasya ÇANAKKALE 30 MW 30 MW Üçpınar 50 MW ERZURUM VAN Van 50 MW AYDIN AYDIN OSMANİYE 30 MW Sarıtepe 95 MW ❖ Preliminary licenses have been obt
Slide 15: BESS Investments | Approval Processes
BESS Investments | Approval Processes Project Location Pre-license TIA EIA Approval Process Üçpınar WPP BESS Çanakkale √ √ √ Ongoing Sarıtepe WPP BESS Osmaniye √ √ √ Ongoing Amasya WPP BESS Amasya √ √ √ Ongoing Aydın WPP BESS Aydın √ √ √ Ongoing Gelinkaya SPP BESS Erzurum √ Not necessary √ Ongoing V
Slide 16: Table of Contents
Table of Contents Table of Contents I. Company Overview II. Growth Strategy III. Appendix 16
Slide 17: Appendix | Financial Results Summary
Appendix | Financial Results Summary USD based revenues provide protection against the risk of TL depreciation… 83%(1) 82% 55% FiT BASED TRY BASED 2025 EBITDA INCOME IN EXPENSES Margin 2025 IN 2025 Financial Summary (US$mn) FiT Share in Revenue (%) Revenue Share by Sources (%) 200 ,0 95 ,0 % 61,8% 5
Slide 18: Financial Results | Balance Sheet
Financial Results | Balance Sheet* IFRS Consolidated Balance Sheet (US$mn) Key Highlights Summary Balance Sheet 31.12.2021 31.12.2022 31.12.2023 31.12.2024 31.12.2025 Trade and Other Receivables Current Assets 79.4 80.2 57.9 69.5 70.5 Current and non-current trade and other receivables mainly cons
Slide 19: Financial Results | P&L Statement
Financial Results | P&L Statement* IFRS Consolidated P&L Statement (US$mn) Key Highlights Revenues Consolidated P&L 2021 2022 2023 2024 2025 The total portfolio generated 1,646 GWh of electricity in 2025 (2024: 1,600 GWh). Revenues 145.6 167.7 148.2 144.7 135.2 Cost of Sales Cost of Sales (-) (68.
Slide 20: Financial Results | Net Financial Debt Position
Financial Results | Net Financial Debt Position Net Financial Debt / EBITDA (US$mn) 1000,00 3,1 3,0 x 3,0 800,00 2,9 x 2,9 600,00 2,8 400,00 2,7 227 237 200,00 2,6 74 81 0,00 2,5 2025 3M26 LTM Net Financial Debt EBITDA NFD/EBITDA (1) Net financial debt is calculated by dividing the Company's short-t
Slide 21: Market Data | AKFYE.IS
Market Data | AKFYE.IS Price Charts Share Data AKFYE - Price (USD) AKFYE.IS (11.05.2026) Closing Price (TL) 24.94 1,30 Closing Price (USD) 0.55 1,10 Number of Shares (mn) 1,197 Mcap (TLmn) 29,852 0,90 Mcap (USDmn) 661 3M Ave. Daily Trading Volume (TLmn) 220 0,70 Outstanding Shares Ratio 28.42% 0,50
Slide 22: Sustainable and Environmentally Friendly Electricity Generation Portfolio
Sustainable and Environmentally Friendly Electricity Generation Portfolio ESG Studies Major sustainability developments worldwide As of 2018, the Company's ESG performance evaluation process is carried out According to PwC research, as of end-2023, total assets under management (AUM) by Moody’s, a
Slide 23: SWOT Analysis
SWOT Analysis Strengths Opportunities • A portfolio consisting solely of renewable energy power plants • Growth opportunities at home and abroad • Balanced distribution in terms of geography, • Investment opportunities for storage balanced and complementary distribution in terms facilities S O of re
Slide 24: Disclaimer
Disclaimer This presentation (the ‘Company Presentation’) is not and should not be considered as a recommendation by Akfen Yenilenebilir Enerji A.Ş., (the “Company”) or any other person in relation to the Company, nor does it constitute and should not be considered as an invitation or an offer to pu
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