Haci Omer Sabanci Holding A.s. · BIST:SAHOL
Haci Omer Sabanci Holding A.s — Hacı Ömer Sabancı Holding A.Ş. — Investor Presentation (October 2024)
26 slides from Haci Omer Sabanci Holding A.s's investor presentation, October 2024
Slide 1: Energy & Climate Technologies Investor Presentation
OCTOBER 2024 ENERGY & CLIMATE TECHNOLOGIES INVESTOR PRESENTATION
Slide 2: Disclaimer
Disclaimer The information and opinions contained in this document have been compiled by Hacı Ömer Sabancı Holding A.Ş. (“Holding”) from sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or correctne
Slide 3: Expansion to new adjacencies & abroad by leveraging the pioneer position in Türkiye
ENERGY & CLIMATE TECHNOLOGIES Expansion to new adjacencies & abroad by leveraging the pioneer position in Türkiye Growth & High Investment Turnaround Capital Recycling Expansion to New Adjacencies & Abroad 2006-2013 2013-2017 2017 -2022 2022 Onwards 2013 2023 2022 2021 October 2022 October 2023 Part
Slide 4: Strategic Direction from "Traditional" to "Disruptive"
ENERGY & CLIMATE TECHNOLOGIES Strategic Direction from “Traditional” to “Disruptive”… Sustainability is our We aim to benefit & guiding principle in each develop our strong human and every business capital and competencies decision we take. to expand our operations abroad. We position ourselves in W
Slide 5: Subsidiaries present in many steps of the energy value chain
ENERGY & CLIMATE TECHNOLOGIES …with our subsidiaries present in many steps of the energy value chain… 50% 50% Sabancı Holding E.ON Distribution & Retail Generation & Trade 40% 40% 20% E.ON Sabancı Holding Free Float 27 5 3.8 GW Power Plants Technologies Installed Capacity (5 GW in 2026) 14 6 Cities
Slide 6: Achieving the impossible in the Energy Trilemma
ENERGY & CLIMATE TECHNOLOGIES: GLOBAL OVERVIEW …in order to achieve the impossible in the “Energy Trilemma” ENERGY DISRUPTIVE SECURITY TECHNOLOGIES ENVIRONMENTAL ENERGY NEW ENERGY GREEN ASSET SUSTAINABILITY EQUITY SOLUTIONS BASE ENERGY TRILEMMA PROPOSED SOLUTION WORLD ENERGY COUNCIL SABANCI ENERGY &
Slide 7: Liberalized market mechanism in Türkiye
ENERGY & CLIMATE TECHNOLOGIES: SECTOR OVERVIEW Liberalized market mechanism in Türkiye Change of Licensed Electricity Generation as Public-Private by Years (1) (%) Spot Electricity Prices (TL/MWh, LHS) vs Natural Gas Prices(TL/sm3) (2) 4,000 25 100 81.9 85.1 86.5 83.1 84.2 85.0 80.5 84.0 20 78.9 3,0
Slide 8: Increasing investments weigh on quarterly financial results
ENERGY & CLIMATE TECHNOLOGIES Increasing investments with the start of the new capex cycle started to weigh on quarterly financial results Combined EBITDA (Bn TL) & EBITDA Margin Combined Net Income (Bn TL) 30.4% 13.4% 14.5% 17.0% 36.3 31.4 36.0 15.6 21.5 6.4 7.3 3.4 2022 2023 9M 2023 9M 2024 EBITDA
Slide 9: Enerjisa Üretim clear roadmap to continue growing
ENERGY & CLIMATE TECHNOLOGIES: GENERATION & TRADING (ENERJİSA ÜRETİM) Enerjisa Üretim, with its clear roadmap, would continue to grow continuously by utilizing its own resources… Growth in Renewable Generation Capacity Protect & Grow the Core Trade Business Expansion (Power, Gas and Carbon) Globally
Slide 10: Significant step towards +5,000 MW installed capacity target
ENERGY & CLIMATE TECHNOLOGIES: GENERATION & TRADING (ENERJİSA ÜRETİM) ….consequently, a significant step towards +5,000 MW installed capacity target has been taken Installed Generation Capacity Mix 1000 MW YEKA-2 Wind Power Plant Investment (USD 1.2 bn) ÇANAKKALE Currently 2026 250 MW BALIKESİR Rene
Slide 11: USD-based fixed price to continue with 1GW YEKA project
ENERGY & CLIMATE TECHNOLOGIES: GENERATION & TRADING (ENERJİSA ÜRETİM) USD-based fixed price to continue after gradually replacing FiT renewable power plants with 1GW YEKA project for 15 years contract period Turkish Electricity Spot Market Day Ahead Price (DAP) Enerjisa Üretim Natural Gas (1.6 GW) &
Slide 12: Exploring next generation capabilities in power generation & trading
ENERGY & CLIMATE TECHNOLOGIES: GENERATION & TRADING (ENERJİSA ÜRETİM) Exploring next generation capabilities in power generation & trading ASSET LIGHT GROWTH GREEN HYDROGEN Started to produce & store green hydrogen in the pilot project to use in generator cooling – as the first private sector player
Slide 13: Solid balance sheet structure maintained
ENERGY & CLIMATE TECHNOLOGIES: GENERATION & TRADING (ENERJİSA ÜRETİM) Solid balance sheet structure maintained EBITDA Net Income EBITDA Margin Net Debt (Mn EUR Equivalent) & Net Debt/EBITDA 1.3x 30.4% 27.6% 17.0% 420 15.8% 357 0.4x 16.9 17.2 15.6 0.2x 15.4 0.4x 13.5 177 7.3 140 6.4 3.4 < 2022 2023 9
Slide 14: Enerjisa Enerji to grow and lead energy transition of Türkiye
ENERGY & CLIMATE TECHNOLOGIES: DISTRIBUTION & RETAIL (ENERJİSA ENERJİ) Enerjisa Enerji, in regulated and free market operations, would continue to grow and lead energy transition of Türkiye Maximize Grid Investments (RAB) Protect & Optimize Retail Operations Grow the Core Growth in Customer Solution
Slide 15: Strong position in distribution & retail, inflation-linked business
ENERGY & CLIMATE TECHNOLOGIES: DISTRIBUTION & RETAIL (ENERJİSA ENERJİ) Strong position in distribution & retail and an inflation-linked business with real return Supportive and Transparent Regulatory Framework Competitive Advantages Operational Earnings (2023) Türkiye’s leading electricity distribut
Slide 16: Concentrated on network investments and efficiency
ENERGY & CLIMATE TECHNOLOGIES: DISTRIBUTION & RETAIL (ENERJİSA ENERJİ) Heavily concentrated on network investments but also an important efficiency game Distribution Operational Earnings(1) Strong Historical Growth and Breakdown (2024 9M) Untapped Potential Regulated Asset Base (TL bn) CAGR YoY 38%
Slide 17: Solution partner with technological competencies
ENERGY & CLIMATE TECHNOLOGIES: DISTRIBUTION & RETAIL (ENERJİSA ENERJİ) Acting as a solution partner with technological competencies by leveraging extensive customer network 71.8 MWp E-mobility / E-charging Platform(1) Installed Solar Power Capacity 3.8 MW Installed Combined Heat & Power In July 2023
Slide 18: Sabancı Climate Technologies: Existing Markets
ENERGY & CLIMATE TECHNOLOGIES: SABANCI CLIMATE TECHNOLOGIES Transforming the energy business to pursue opportunities in “disruption & expansion abroad” Sabancı Climate Technologies Sabancı Sabancı Climate Renewables Ventures New Markets Generation & New technologies and solutions on their way to Exi
Slide 19: Leverage core capabilities in the Energy SBU & expand the business
ENERGY & CLIMATE TECHNOLOGIES: SABANCI CLIMATE TECHNOLOGIES It is time to leverage core capabilities in the Energy SBU & expand the business to create higher value for all stakeholders We lead energy and climate transition by bridging the gap between emerging and developed markets Sabancı Climate Te
Slide 20: US attraction as 2nd largest renewable market and venture ecosystem
ENERGY & CLIMATE TECHNOLOGIES: SABANCI CLIMATE TECHNOLOGIES US came to the fore with the attraction of being world’s 2nd largest renewable energy market & the largest corporate venture ecosystem Facts on Renewable Energy Investments US is the 2nd largest renewable energy market following China. Sola
Slide 21: Further investments in on-shore wind and utility-scale solar
ENERGY & CLIMATE TECHNOLOGIES: SABANCI CLIMATE TECHNOLOGIES Further investments are ongoing in on-shore wind and utility-scale solar projects to exceed 1,000 MW Sabancı Renewables Deal Flow Focused Investment Target Technologies Target Geographies Approach On-shore wind ERCOT Utility-scale solar PJM
Slide 22: First and second solar investments in Texas
ENERGY & CLIMATE TECHNOLOGIES STRATEGY & ROADMAP The first solar investment in Texas has been initiated, and the second solar investment has also started, leveraging the know-how acquired during the initial solar project 272 MW Cutlass II Solar Power Plant Project 232 MW Oriana Solar Power Plant Pro
Slide 23: Sabancı Climate Ventures creates extended innovation ecosystem
ENERGY & CLIMATE TECHNOLOGIES: SABANCI CLIMATE TECHNOLOGIES Sabancı Climate Ventures creates extended innovation ecosystem & enables early access to disrupting technologies… Sabancı Climate Ventures is a necessity to Value Proposition to Start-Ups position for the future and not competing with Accel
Slide 24: Investments in climate technologies funds and start-ups
ENERGY & CLIMATE TECHNOLOGIES: SABANCI CLIMATE TECHNOLOGIES ….via the investments in climate technologies funds & investments directly to start-up companies Supporting ready-to-scale start-ups Invests in scalable early-stage climate active in Europe or USA whose Invests in middle-stage deep-tech Inv
Slide 25: Contributing to Türkiye's green energy transition and managing ESG risks
ENERGY & CLIMATE TECHNOLOGIES: SUSTAINABILITY While contributing to Türkiye’s green energy transition, we stay committed to sound management of ESG risks and investing in communities that we operate in Key Player in Energy Largest contributor to Commitment to 100% Shaping the New Helping Customers t
Slide 26: Investor Relations Contacts
INVESTOR RELATIONS CONTACTS Meet SirA, Sabancı Holding's digital investor relations assistant ! Kerem TEZCAN Investor Relations Director Türkiye’s First Investor Relations Dedicated Assistant ! Şule GENÇTÜRK KARDIÇALIOĞLU Investor Relations Manager ir.sabanci.com Sezgi ESER AYHAN Investor Relations
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