Aselsan Elektronik Sanayi Ve Ticaret A.s. Class B · BIST:ASELS
Aselsan Elektronik Sanayi Ve Ticaret A.s. Class B — Aselsan — Investor Presentation (April 2021)
19 slides from Aselsan Elektronik Sanayi Ve Ticaret A.s. Class B's investor presentation, April 2021
Slide 1: Investor Presentation April 2021
Investor Presentation April 2021
Slide 2: Turkey and ASELSAN's Place in Global Defense
Turkey and ASELSAN’s Place in Global Defense 2020 Top 10 Spenders vs. Turkey Military Spending of Turkey (5 year averages) (Billion $) (Billion $) USA 778 20,00 China 252 18,00 India 73 16,00 Russia 14,00 62 12,00 United Kingdom 59 10,00 Saudi Arabia 58 8,00 Germany 53 6,00 France 53 4,00 Japan 49 2
Slide 3: Shareholder Structure
Shareholder Structure Shareholder Structure Turkish Armed Forces Foundation (TAFF) ASELSAN, TAFF BOARD OF TRUSTEES -President (Chairman) is the only defense company listed on BIST. -Vice President - Minister of National Defense - Chief of General Staff - President of Defence Industries Free Float TA
Slide 4: Field of Activities
Field of Activities TRANSPORTATION, COMMUNICATION MICROELECTRONICS RADAR, ELECTRONIC DEFENSE SYSTEMS SECURITY, ENERGY, INFORMATION GUIDANCE and WARFARE TECHNOLOGIES AUTOMATION and TECHNOLOGIES ELECTRO-OPTICS HEALTHCARE COMMUNICATION AVIONIC RADAR SYSTEMS AIR and MISSILE DEFENSE SECURITY SATELLITE SY
Slide 5: Our Affiliates
Our Affiliates ROKETSAN ASELSANNET ASELSAN KONYA SİLAH SİS. ASELSAN BİLKENT MİKRO NANO Share :15% Share:51% Partner: Konya Share:50% Partner: TAFF Share :100% Defence Industry Partner: BİLKENT Ünv. Founded: 1988 Founded: 2004 Founded: 2018 Founded: 2014 Assets: 1,3 Bio $ Assets: 253 Mio $ Assets: 54
Slide 6: Human Resources
Human Resources Talent Management Total Employees : 8.941 University-Industry Cooperation Engineers : 5.357 Location and Fringe Benefits Back to Turkey Project 6% Administrative Projects Carried Out with Universities 4% Support 30% Technicians Internship and Co-op Opportunities for High school and U
Slide 7: Domestic Sales and Exports
Domestic Sales and Exports MI L L I ON TL Domestic Sales Exports 16.104 16.000 1.540 14.000 13.013 12.000 1.574 10.000 9.009 889 8.000 14.564 6.000 5.412 11.439 3.850 784 4.000 2.739 8.120 3.173 2.171 2.535 485 200 1.633 460 547 4.628 2.000 398 272 3.365 2.973 1.773 2.075 2.192 1.361 0 7
Slide 8: 2021 1st Quarter Summary Financials
2021 1st Quarter Summary Financials 114 Million 9 Billion 3.173 Million +23% 24,0% USD USD TL New Increase in EBITDA Backlog Revenue Contracts EBITDA Margin Financial Highlights (Million TL) March'20 March'21 ∆% Net Sales 2.595 3.173 22 Gross Profit 752 932 24 Gross Profit Margin 29,0% 29,4% ↑ Opera
Slide 9: Our Backlog
Our Backlog Backlog History (Billion USD) $9,7 $9,5 $9,1 $9,0 $6,8 2017 2018 2019 2020 2021 1Q New Contract Awards (Million USD) 4.057 3.043 2.070 1.279 114 2017 2018 2019 2020 2021 1Q >300 411 1.947 942 0 0 50-300 701 1.704 1.206 426 94 9 <50 958 406 895 853 20
Slide 10: Our Backlog
Our Backlog TAI 9% Ministry of National Defense BMC 6% ASFAT 13% STM Caspian Region ROKETSAN Other 3% 8% Exports 12% Europe and Americas 1% Presidency of Defense Middle East and Asia Industries 8% 52% EUR Defense Non- TRY 11% 94% Defense 16% 6% EUR 38% Backlog Cost Backlog Distribution USD 25% Distr
Slide 11: Prospective Projects and Potential Business Areas
Prospective Projects and Potential Business Areas Prospective Projects MILGEM I-Class Indigenous Laser Guidance Kit Frigate Helicopter Non-Defense Areas Railway Signaling Energy Management and Health Systems Systems Smart Grid Systems 11
Slide 12: The Biggest R&D Spender in Turkey
The Biggest R&D Spender in Turkey The incentive periods provided for Technology Development Zones and R&D design centers have been extended from 31.12.2023 to 31.12.2028. R&D Spending Million TL Milyon TL Externally-Funded R&D Internally-Funded R&D 4.000 3.356 3.500 2.975 481 3.000 316 2.500 2.163 9
Slide 13: 2021 Guidance
2021 Guidance Net Sales 40% - 50% Growth EBITDA Margin 20% - 22% CAPEX 2.000 Million TL 13
Slide 14: Our Stakeholder Map
Our Stakeholder Map Employees Customers Employee Satisfaction Survey Customer Satisfaction Employees’ Voice Workshops Surveys Surveys on the Working Website Experience Call Center Society Exhibitions in and outside Investors Turkey Website Analyst Meetings Social Media and Press Investor Conferences
Slide 15: Appendix
APPENDIX 15
Slide 16: Consolidated Balance Sheet (Million TL)
Consolidated Balance Sheet (Million TL) Assets Liabilities (Milllion TL) 31.12.2020 31.03.2021 (Milllion TL) 31.12.2020 31.03.2021 CURRENT ASSETS 19.594 19.291 CURRENT LIABILITIES 12.320 11.349 Cash and Cash Equivalents 4.082 3.149 Short-term Financial Liabilities 3.007 3.394 Trade Receivables 7.147
Slide 17: Income Statement
Income Statement Consolidated Income Statement (Million TL) (Milllion TL) 31.03.2020 31.03.2021 PROFIT OR LOSS Revenue 2.595 3.173 Cost of sales (-) (1.843) (2.241) GROSS PROFIT 752 932 General administrative expenses (-) (96) (111) Marketing expenses (-) (45) (114) Research and development expenses
Slide 18: Forward Looking Statements
Forward Looking Statements The information contained herein has been prepared by ASELSAN (the Company). The opinions presented herein are based on general information gathered at the time of writing and are subject to change without notice. These materials contain statements about future events and
Slide 19: Address
Address ASELSAN Elektronik Sanayi ve Ticaret A.Ş. Mehmet Akif Ersoy Mah. 296. Cad. No:16 06200 Yenimahalle, Ankara Telephone +90 850 828 1 828 E-Mail aselsan.ir@aselsan.com.tr Web Site www.aselsan.com.tr/en/investor-relations 19