Galata Wind Enerji A.s. · BIST:GWIND
Galata Wind Enerji A.s — Q1 2022 Earnings Presentation
20 slides from Galata Wind Enerji A.s's earnings presentation, 2022
Slide 1: Investor Presentation Q1 2022
Investor Presentation Q1 2022 1
Slide 2: Index
Index 1 - TURKEY ENERGY MARKET 2 - OPERATIONAL DATA 3 - FINANCIAL DATA 2
Slide 3: Turkey Energy Market
O| TURKEY ENERGY MARKET GALATAWIND J
Slide 4: Turkey Installed Capacity | March 2022
Turkey Installed Capacity | March 2022 Total: 100.334 MW Installed Capacity SOLAR FUEL TOOR BOT 8% 0% COAL UNLICENSED 3% WIND 8% 0% PRODUCTION COMPANIES 20% HYDRO 31.508 11% 68.260 EÜAŞ INSTALLED 21% CAPACITY NATURAL GAS 25.458 INSTALLED BY ENERGY CAPACITY BY RESOURCES ENERGY UTILITIES 25% COAL 20.4
Slide 5: Turkey Installed Capacity | December 2021/March 2022
Turkey Installed Capacity | December 2021/ March 2022 +15 December 2021 INSTALLED CAPACITY BY ENERGY RESOURCES (MW) March 2022 31.493 31.508 -118 25.576 25.458 +83 20.360 20.442 +255 +213 10.607 10.862 +67 7.816 8.029 0 3.712 3.778 258 258 HYDRO NATURAL GAS COAL WIND SOLAR GEO/BIO FUEL +374 INSTALLE
Slide 6: Turkey Energy Generation | March 2022
Turkey Energy Generation | March 2022 Total: 84.330 MWh Energy Generation TOOR BOT SOLAR FUEL UNLICENSED 6% 0% 2% NATURAL GAS 19.336 5% WIND 0% EÜAŞ PRODUCTION COMPANIES 11% 13% COAL 34% COAL 28.570 66.396 GENERATION GENERATION BY BY ENERGY ENERGY UTILITIES HYDRO 21% RESOURCES HYDRO 17.770 WIND EÜAŞ
Slide 7: Turkey Energy Generation | March 2021/2022
Turkey Energy Generation | March 2021/2022 GENERATION BY ENERGY RESOURCES (MWh) March 2021 March 2022 +1.633 -3.518 26.937 28.570 +3.307 22.854 19.336 17.770 +1.081 14.463 +540 +2.291 7.860 8.941 +92 4.209 4.749 4.791 2.500 79 172 COAL HYDRO NATURAL GAS WIND UNLICENSED GEO/BIO SOLAR FUEL +3.741 GENE
Slide 8: Turkey Energy Market | Electricity Consumption
Turkey Energy Market | Electricity Consumption As of March 2022, electricity consumption has increased as 4% compared to the previous year. 329.634 304.167 303.320 306.109 296.702 279.286 265.724 257.220 242.370 246.357 230.306 210.434 198.085 194.079 190.000 174.637 160.794 150.018 +4% 78.925 82.18
Slide 9: Electricity Prices
Electricity Prices (TL/MWh) AVG. PRICES: 2020: 278,72 - 2021: 506,41 – 2022R: 1418,22 2.000 1.670,9 2020 1.404,5 2021 1.500 1.178,0 2022 Actual 1.008,6 1.000 518,4 557,4 520,9 669,9 402,0 831,0 500 314,6 298,4 311,4 312,2 360,6 181,2 203,2 297,7 286,9 245,1 291,3 296,4 298,7 308,2 318,7 295,5 293,4
Slide 10: Operational Data
O? OPERATIONAL DATA GALATAWIND 9°
Slide 11: Galata Wind Portfolio
Galata Wind Portfolio Çorum SPP (Unlicensed) Taşpınar WPP Operational since March 2021 Şah WPP Mersin WPP Erzurum SPP 14th Biggest WPP Among first three WPP in Turkey in (Unlicensed) in Turkey terms of efficiency Mersin WPP Şah WPP Taşpınar WPP Çorum SPP Erzurum SPP TOTAL Installed Capacity 62,7 MW
Slide 12: Operation | Generation
Operation | Generation 800 745 41 14 Mersin WPP 601 147 600 556 514 14 29 2 40 14 Şah WPP 428 437 463 14 386 384 421 Taşpınar WPP 400 326 344 322 317 327 Erzurum SPP 292 299 326 295 193 277 273 Çorum SPP 200 62 222 Total 133 137 138 137 126 183 187 200 109 112 0 2010* 2011 2012 2013 2014 2015 2016 2
Slide 13: Financial Data
OS FINANCIAL DATA GALATAWIND J”
Slide 14: Financial Data | Financial Statements Comparison - 1
Financial Data | Financial Statements Comparison - 1 500 470 473 2,0 400 1,8 Net Debt Position (Mn TRY) and Net 1,5 Debt Position / EBITDA* Ratio 300 247 * March 22 EBITDA was annualized 1,1 1,0 200 0,5 100 0,2 0 0,0 31.12.2020 31.12.2021 31.03.2022 Net Debt Position / EBITDA Net Debt Position +205
Slide 15: Financial Data | Financial Statements Comparison - 2
Financial Data | Financial Statements Comparison - 2 Revenue – Mn TRY Gross Profit – Mn TRY +61% +60% 540 395 +312% +220% 335 247 247 290 248 173 91 60 2019 2020 2021 2021/03 2022/03 2019 2020 2021 2021/03 2022/03 EBITDA – Mn TRY Net Profit – Mn TRY +62% +2,237% +9% 428 182 171 156 +260% 264 257 193
Slide 16: Financial Data | Loans
Financial Data | Loans Banka Hypovereinsbank (EKF) TRY Loan-1 TRY Loan-2 TRY Loan-3 Hermes Loan Utilization Date 18.08.2017 9.10.2020 13.10.2020 16.02.2022 30.06.2021 Loan Utilization Amount 14,5 mn Avro 120 mn TL 69.9 mn TL 10 mn TL 20 mn Avro Remaining Principal Balance 9 mn Avro 120 mn TL 69.9 mn
Slide 17: Financial Data | Balance Sheet
Financial Data | Balance Sheet Condensed Financial Statement 31 March 2022 31 December 2021 % Change Current Assets: Total Assets 1.989,95 1.767,59 13% As of 31 March 2022, cash and cash equivalents increased by 153% and Current Assets 617,12 389,09 59% reached to TL 403 Million. Cash & Cash Equival
Slide 18: Financial Data | P&L Table
Financial Data | P&L Table Not-Audited Not-Audited Gross Profit: Condensed Statement of Profit & Loss % Change 31.Mar.22 31.Mar.21 Revenue has increased by %220. Revenue 290.018 90.547 220,3% Main reasons: • Total electricity production raised by 19,7% mainly because of addition of Cost Of Sales (-)
Slide 19: Disclaimer
Disclaimer All information contained in this presentation ("Presentation"), which consists of documents and appendices, is provided by Galata Wind Enerji A.Ş. It has been prepared by GWIND to present information, insights and statements about the company (GWIND). The accuracy, adequacy and completen
Slide 20: Thank you!
GALATAWIND Thank you!
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