Aselsan Elektronik Sanayi Ve Ticaret A.s. Class B · BIST:ASELS
Aselsan Elektronik Sanayi Ve Ticaret A.s. Class B — Aselsan — Investor Presentation (October 2023)
27 slides from Aselsan Elektronik Sanayi Ve Ticaret A.s. Class B's investor presentation, October 2023
Slide 1: Investor Presentation
Investor Presentation October 2023
Slide 2: Türkiye and ASELSAN's Place in Global Defense
Türkiye and ASELSAN’s Place in Global Defense As being the 2nd biggest army in NATO, Türkiye has a healthy growth rate of defense budget. 2022 Top 10 Defence Spenders and Türkiye Military Spending of Türkiye (5 year averages) USA 877 (Billion $) China 292 18,00 Russia 86 16,00 India 81 14,00 Saudi A
Slide 3: Shareholder Structure
Shareholder Structure Shareholder Structure Turkish Armed Forces Foundation (TAFF) ASELSAN is the biggest defense company listed on BIST TAFF BOARD OF TRUSTEES and it is the only quoted company among TAFF -President (Chairman) subsidiaries. -Vice President - Minister of National Defense Turkish Arme
Slide 4: Facilities
Facilities GÖLBAŞI MACUNKÖY AKYURT BOSB TEMELLİ FACILITIES FACILITIES FACILITIES 181.905 M2 INDOOR AREA 132.014 M2 INDOOR AREA 126.676 M2 INDOOR AREA 28.535 M2 INDOOR AREA 665.802 M2 LAND AREA 186.848 M2 LAND AREA 635.309 M2 LAND AREA 381.730 M2 LAND AREA MICROELECTRONICS, GUIDANCE DEFENSE SYSTEM TE
Slide 5: Field of Activities
Field of Activities COMMUNICATION MICROELECTRONICS TRANSPORTATION, RADAR, ELECTRONIC DEFENSE SYSTEMS INFORMATION GUIDANCE and SECURITY, ENERGY, WARFARE TECHNOLOGIES TECHNOLOGIES ELECTRO-OPTICS AUTOMATION and HEALTHCARE Military Communications Avionic Systems Radar Systems Air & Missile Defense Secur
Slide 6: Türkiye's Leading High Technology and Defense Company
Türkiye’s Leading High Technology and Defense Company Growth in exports and high potential in non-defense Attractive market areas fundamentals of Experienced senior Turkish defense management Large product range Supportive regulatory with strong order framework backlog High-tech capabilities and R&D
Slide 7: How ASELSAN Creates Value?
How ASELSAN Creates Value? Geopolitical Location of Türkiye ✓ Priotize Nationalization ✓ Government Policies Pioneer of Defense Industry in Türkiye ✓ First Mover Advantage ✓ No Local Competitors Strong and Sustainable Backlog ✓ Organic Growth via Product Diversification ✓ Exports ✓ Non-Defense Expan
Slide 8: Major Projects Signed in 2023
Major Projects Signed in 2023 Name of Project Name of Customer Amount 21 Billion TL + Aircraft Modernization TAI 1,2 Billion USD Naval Warfare Systems for 2,3 Billion TL + TAIS OG and STM Joint Venture 205 Million EUR MILGEM 6-8 Frigates 1,396 Billion TL + Tank Systems BMC 197 Million EUR Defence In
Slide 9: Our Domestic Affiliates
Our Domestic Affiliates Mikroelektronik TR Eğitim ve Teknoloji A.Ş. (İstanbul) (Ankara) Ownership: %85 Ownership: %35 Foundation: 2004, Foundation: 2018, (Partnership 2010) (Partnership 2019) Partner: İTÜ ETA Vakfı Partners: TUSAŞ, Roketsan İstanbul TEKNOHAB A.Ş. DASAL (İstanbul) (Ankara) Ownership:
Slide 10: Our Foreign Affiliates
Our Foreign Affiliates KAZAKHSTAN ASELSAN ENGINEERING Ownership: %49 Foundation:2011 Partner: Kazakhstan Engineering Foundation ASELSAN UKRAINE Ownership: %100 ASELSAN BAKÜ Foundation: 2020 Ownership: %100 Foundation: 1998 ASELSAN MACEDONIA BRANCH Ownership: %100 ASELSAN QATAR Foundation: 1998 Owner
Slide 11: Human Resources
Human Resources Talent Management University-Industry Cooperation Location and Fringe Benefits Back to Türkiye Project Projects Carried Out with Universities Internship and Co-op Opportunities for High school and University Students Masters and Doctorate Program Incentives for Employees ASELSAN Acad
Slide 12: Human Resources
Human Resources 10.113 TOTAL EMPLOYEES ENGINEERS UNDERGRADUATE 62% SUPPORT 39% OTHER 3% 31% LANE ACADEMIC DISTRIBUTION DISTRIBUTION TECHINICANS MASTER ADIMINITRATIVE 29% PhD DEGREE 6% %3 %27 21% WOMAN EMPLOYEES 79% MAN EMPLOYEES 12
Slide 13: Domestic Sales and Exports
Domestic Sales and Exports MI L L I ON TL Domestic Sales Exports 35.282 36.000 33.000 32.067 %75 6.197 30.000 3.499 27.000 24.000 %25 20.139 21.000 %24 2.243 18.000 16.104 15.000 13.013 1.540 28.568 29.085 %44 12.000 1.574 %66 9.009 9.000 %41 889 17.896 %8 %41 5.412 14.564 6.000 2.535 2.739 3.850 78
Slide 14: 2023 3rd Quarter Financial Highlights
2023 3rd Quarter Financial Highlights 4 10.8 32.1 Billion TL +74% 22% Billion $ Billion $ New Backlog Revenue Increase in EBITDA Margin Contracts EBITDA Financial Highlights (Million TL) Sep.'22 Sep.'23 %∆ Net Sales 17.728 32.067 81 Gross Profit 5.442 9.509 75 Gross Profit Margin 30,7% 29,7% Operati
Slide 15: Our Backlog
Our Backlog Backlog History (Billion USD) $10,8 $9,7 $9,5 $8,5 $8,2 2019 2020 2021 2022 2023 3Q New Contract Awards (Million USD) 4.003 3.043 2.022 1.604 1.279 2019 2020 2021 2022 2023 3Q >300 942 - 312 - 1.989 50-300 1.206 426 767 381 1.607 <50 895 853 943 1.223 407 15
Slide 16: Our Backlog
Our Backlog BMC 12,3% Ministry of National Defense 2,5% Europe and TAI Americas 29,0% Other 4,4% 6,6% Export 11,9% Africa 1,3% Caspian Region 2,3% Middle East and Defence Industry Agency Asia 37,7% 3,9% EUR Defense Non- TRY 13% 95% Defense EUR 5% 25% 28% Backlog Backlog Cost Distribution Distributio
Slide 17: Türkiye's Most Project Developing Quoted Company
Türkiye’s Most Project Developing Quoted Company ASELSAN ranked 1st according to the «Number of Projects Carried out at the R&D Center in 2022» as announced by Turkishtime R&D Spending Million TL Externally-Funded R&D Internally-Funded R&D 14.000 12.456 12.000 1.838 9.995 10.000 1.853 8.000 5.615 6.
Slide 18: 2023 Guidance
2023 Guidance Net Sales >65% (*) EBITDA >24% Margin 10 Billion CAPEX TL (*) Revised as of 15.08.2023. 18
Slide 19: ASELSAN Sustainability Report
ASELSAN Sustainability Report We have worked for a better world and a brighter future since our establishment. We are aware of the responsibilities we must undertake to ensure the welfare of future generations and, accordingly, we consistently engage in activities and implement projects that are dir
Slide 20: ASELSAN Sustainability Report
ASELSAN Sustainability Report OUR SOCIAL PERFORMANCE OUR ECONOMIC PERFORMANCE • Our Human Resources Approach • Our Product Safety and Service Quality • Our Employee Profile • Our Technology and Innovation Activities • Rights of Employees • Information Systems and Information Security • Corporate Soc
Slide 21: Our Strong Sustainability Performance
Our Strong Sustainability Performance Our Success in Climate Change Green Climate for Future We maintained our Climate Change success by With our projects described within scoring above the global and national average in the scope of our 2050 net zero CDP Climate Change and CDP Water Reports, which
Slide 22: Contact Information
Contact Information Address ASELSAN Elektronik Sanayi ve Ticaret A.Ş. Mehmet Akif Ersoy Mah. İstiklal Marşı Cad. No:16 06200 Yenimahalle, Ankara Telephone 0850 828 1 828 Web www.aselsan.com.tr/en/investor-relations @ E-Mail aselsan.ir@aselsan.com.tr 22
Slide 23: Appendix
aselsan APPENDIX 23
Slide 24: Consolidated IFRS Balance Sheet
Consolidated IFRS Balance Sheet Assets Liabilities (Milllion TL) 31.12.2022 30.09.2023 (Milllion TL) 31.12.2022 30.09.2023 CURRENT ASSETS 38.299 50.239 CURRENT LIABILITIES 29.651 40.073 Cash and Cash Equivalents 5.687 1.727 Short-term Financial Liabilities 9.764 14.604 Trade Receivables 14.888 20.13
Slide 25: Consolidated IFRS Income Statement
Consolidated IFRS Income Statement Income Statement (Milllion TL) 30.09.2022 30.09.2023 PROFIT OR LOSS Revenue 17.728 32.067 Cost of sales (-) (12.286) (22.558) GROSS PROFIT 5.442 9.509 General administrative expenses (-) (784) (1.569) Marketing expenses (-) (499) (715) Research and development expe
Slide 26: 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
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