Biotrend Cevre Ve Enerji Yatirimlari As · BIST:BIOEN
Biotrend Cevre Ve Enerji Yatirimlari As — Biotrend Çevre ve Enerji Yatırımları A.Ş. — Investor Presentation (June 2024)
34 slides from Biotrend Cevre Ve Enerji Yatirimlari As's investor presentation, Jun 30, 2024
Slide 1: Investor Presentation
Investor Presentation 30 June 2024
Slide 2: Agenda
Agenda 01 Company Overview 02 Investment Highlights 03 Strategy and Sustainable Growth Targets 04 Financial Results 05 Annex 2
Slide 3: Developments in 2024 1H
Developments in 2024 1H The verification and validation process for 823k tons of carbon credits at Balıkesir facility has been completed and its ready for sale. The electromechanical operations for the production of 40 tons/day of compost have been completed at Bergama Facility and commissioning pro
Slide 4: Company Overview
Grew » Company Overview
Slide 5: Company Overview
Company Overview 2021 2017 ▪ Biotrend is publicly traded in Borsa Istanbul since Türkiye's ▪ Founded in 2017, Biotrend Çevre ve Enerji Yatırımları A.Ş. April 2021 under the ticker «BIOEN»,. ▪ Indexes Biotrend included in: BIST (“Biotrend” or the “Company”) is Largest the largest integrated waste COR
Slide 6: Shareholding Structure
Shareholding Structure Biotrend* Shareholding About Doğanlar Holding A.Ş. Structure Apart from its activities in the field of energy, Doğanlar Holding also has investments in furniture, 5.9% construction and retail. Strong and European Bank For Reconstruction & Development (EBRD) Furniture Construct
Slide 7: 2024/H1 – Biotrend at a Glance
2024/H1 – Biotrend at a Glance 17 1.553 thousand tons 5.9 Years 1.25 million TRY Total Facilities Waste (organic waste) Average remaining YEKDEM term Revenues Disposal 114.2 MWe 10+ Fields 133 USD/MW & 186 million TRY Total Installed Capacity Other existing and planned EBITDA activities other than e
Slide 8: 17 Facilities, 114.2 MWe
9 City, 17 Facilities 17 Facilities 8 Integrated Waste Management and Çanakkale Bursa Energy Generation 1 facility 2 facilities Balıkesir 1 facility Sivas 2 facilites 6 Uşak Energy Generation 1 facility Malatya 3 facilities Facilities (2 biomass burning İzmir 4 facilities technology) Aydın 2 facilit
Slide 9: Investment Highlights
Grew » 1A Investment Highlights
Slide 10: Türkiye's Only and Largest Publicly Traded Integrated Waste Management Platform
Türkiye's Only and Largest Publicly Traded Integrated Waste Management, Energy 1 Generation and Bio-circular Economy Platform 2 Integrated Waste Management Benefiting from Revenue Diversification Including a New Plastic Upcycling Facility, Carbon Trading, Recycling and Greenhouse Farming Strong Glob
Slide 11: Türkiye's Only and Largest Integrated Waste Management
1 Key Considerations Licence Capacity**, End of Period Installed Capacity and ▪ As of 30.06.2024, Türkiye’s largest waste management and power Average Installed Capacity (Mwe) generation player with 114,2 Mwe total installed capacity, 171,3** MWe 181,3 181,3 181,3 171,3 total licence capacity, 293,9
Slide 12: Integrated Waste Management Benefiting from Revenue Diversification
2 Integrated Waste Management Benefiting from Revenue Diversification Including a New Plastic Upcycling Facility, Carbon Trading, Recycling and Greenhouse Farming Recycled Products Refuse-Derived Electricity Fuel (RDF) Generation Greenhouse Waste Disposal Farming Carbon Credit Compost Current Activi
Slide 13: Carbon Certification Projects
2 Carbon Certification Projects 3 different certification 2022 – 30.06.2024 Apart from the reserve, programs covering all total carbon credit certified emissions our operations revenue reduction credit each year VCS GCC ICR 7.3 Million USD 2-3 Million Tons Due to the absence of favorable market cond
Slide 14: Greenhouse Farming
2 Greenhouse Farming Türkiye's First Modern Glass Greenhouse Project Using Waste Energy from Biogas Plant Hydroponic Agriculture Technology Tomato Production Target of ~2.000-2.500 Tons/Year %100 Export Target 14
Slide 15: Plastic Upcycling - Aliağa Project
2 Plastic Upcycling - Aliağa Project 60 kmta plant based on a proven and sustainable technology acquired and improved by Honeywell Production of ~ 55 kmta of Recycled Polymer Feedstock (RPF) Bergama Waste Management Facility of 9.2 Billion TL Super State Incentive Biotrend Project Aliaga Location Lo
Slide 16: Plastic Upcycling - Aliağa Project Developments
2 Plastic Upcycling - Aliağa Project Developments The relevant process has been initiated for the decision of the Local Environmental Council (LEC). With the Presidential Decree, an investment area of 120,000 m2 was allocated in Aliağa district of İzmir province in favour of our subsidiary Biotrend
Slide 17: Plastic Upcycling – Operational Steps
2 Plastic Upcycling – Operational Steps 1 2 4 3
Slide 18: Upcycle – Freepoint Eco-Systems Partnership
2 Upcycle – Freepoint Eco-Systems Partnership Envisaged Structure According to the non-binding Term Sheet, the collaboration between the companies is to develop upcycling projects in regions such as Turkey, the Balkans and Central Asia. Doğanlar Osman Publicly Freepoint EBRD A Strategic Investment C
Slide 19: Strong Global and Local Will Supporting Domestic & International Growth
3 2 Strong Global and Local Will Supporting Domestic & International Growth 1 3 Expectations & Renewable Energy EU Directives Ease of Access Carbon Emissions to Financing Green Consensus Sources Circular Economy Green Financing Sources Zero Waste Project Sustainable Agriculture Carbon Border Adjustm
Slide 20: Sustainable and Eco-Friendly
4 ▪ In 2021, Biotrend became the UN Global Compact & UN Women signatory of the UN Global Compact ▪ In 2023 became the signatory of the UN Women Sustainable ▪ Carbon Certification Projects &Sustainability Projects and Eco- ▪ Plastic Upcycling Zero-Carbon and Sustainability ▪ Continuous effort to impr
Slide 21: Strategy and Sustainable Growth Targets
Strategy and Sustainable Growth Targets
Slide 22: Strategy and Sustainable Growth Targets
Strategy and Sustainable Growth Targets OPERATIONAL DOMESTIC INORGANIC EFFICIENCY GROWTH INTERNATIONAL DOMESTIC & INTERNATIONAL ORGANIC GROWTH VERTICAL GROWTH 22
Slide 23: Financial Results
Grew » | ool Financial Results
Slide 24: Revenues
Revenues (TRY Million) Revenues Including TAS-29 Inflation Adjustments 2.338 -4% 2.233 46% - 4% -7% 1.343 1.248 2022 2023 2023 1H 2024 1H 24
Slide 25: Profitability
Gross Profit (TRY Million) Including TAS-29 Inflation Adjustments 797 Profitability 34% 15% 18% 7% - 58% 338 241 - 64% 87 2022 2023 2023 1H 2024 1H Gross Profit Margin Gross Profit Margin EBITDA (TRY Million) Including TAS-29 Inflation Adjustments 886 38% 24% 22% 15% - 41% 525 300 - 38% 186 2022 202
Slide 26: Net Profit
Net Profit (TRY Million) Net Profit Including TAS-29 Inflation Adjustments 83% 25% 42% 1.119 948 64% 577 -87% 11% 140 2022 2023 2023 1 H 2024 1 H Net Profit Margin Net Profit Margin 26
Slide 27: Net Financial Debt
Net Financial Debt Net Financial Indebtedness (TRY million) 31.12.2023 30.06.2024 Short-Term Indebtedness 347,6 1.337,3 Short-Term Portion of Long-Term Bank Loans 781,8 501,5 Leasing Debts 16,4 54,1 Short-Term Financial Indebtedness 1.145,8 1.892,9 Long-Term Indebtedness 2.685,0 1.915,8 Leasing Debt
Slide 28: Annex
Annex
Slide 29: Balance Sheet
Balance Sheet TRY Million 31.12.2023 30.06.2024 Cash and Cash Equivalents 183,6 252,8 Trade Receivables 311,0 351,7 Stocks 406,1 363,3 Prepaid expenses 305 370,8 Others 223,3 114,9 CURRENT ASSETS 1.429 1.453 Investments Accounted for Using Equity Method 350,9 305,4 Investment Properties 41,5 41,5 Ta
Slide 30: Income Statement
Income Statement TRY MILLION 30.06.2023 30.06.2024 Revenue 1.343,2 1.247,7 Cost of Sales - 1.102,6 - 1.161,1 Gross Profit 240,7 86,6 General Administrative Expenses - 223,0 - 256,7 Marketing Expenses - 1,7 - 2,9 Other Operating Income 290,1 59,4 Other Operating Expenses - 412,2 - 50,5 Operating Prof
Slide 31: SİVAS
AYDIN-ÇINE BERGAMA BIOMASS LANDFILL GAS ELECTRICITY ELECTRICITY GENERATION GENERATION FACILITY FACILITY SİVAS GREENHOUSE FARMING 31
Slide 32: Awards
Awards Bronze Award in the Sustainable Energy 6th Türkiye Energy and Climate Forum - Our “Renewable Energy Brand of the Year” award at Energy and Natural Resources Summit Our Energy category at the EBRD Sustainability Awards 2022 Energy Our Future Awards the Türkiye Innovation and Success Awards is
Slide 33: Disclaimer
Disclaimer The information contained in this presentation is provided by Biotrend Çevre ve Enerji Yatırımları A.Ş (“Biotrend” or “Company”). The information contained in this presentation is not meant to be comprehensive and has not been independently verified. The information used in the presentati
Slide 34: Thank you!
Biotrend Investor Relations Gözde Çivici Investor Relations Director & Corporate Secretary Şeyma İnayet Uygur Investor Relations Executive yatirimci.iliskileri@biotrendenerji.com.tr +90 216 693 03 80 www.biotrendenerji.com.tr BiotrendA Biotrend Enerji biotrendenerji Thank you!
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