Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi Ve Ticaret · BIST:SMRTG
Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi Ve Ticaret — Smart Güneş Enerjisi Teknolojileri Araştırma Geliştirme Üretim Sanayi ve Ticaret A.Ş. — Investor Presentation (2023)
45 slides from Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi Ve Ticaret's investor presentation, 2023
Slide 1: 2022 Investor Presentation
smartsolar.com.tr 2022 INVESTOR PRESENTATION
Slide 2: We turned our face to the sun
WE TURNED OUR FACE TO THE SUN... SmartZ
Slide 3: Company overview
A wide range of solar solutions to commercial and One of the leading PV solar module Turnkey installation & Solar power plant retail users integrated solar production engineering services investments companies Our company was established in 2009, headquartered in Istanbul. Smart Solar Technologies c
Slide 4: Vertical integration
PV MODULE PRODUCTION Production Capacity 1700 MW VERTICAL INTEGRATION OUR COMPETITIVE EPC Provided EPC services 500+ MW installed STRATEGY Smart Solar Technologies is active in large parts of the PV Value Chain. We believe in the future of solar energy and CELL PRODUCTION we are expanding vertical i
Slide 5: Guiding Principles
Guiding Principles QUALITY MANAGEMENT VALUE ENGINEERING INVESTMENT OF KINDNESS
Slide 6: Value Engineering
Value Engineering With this understanding, we present our perspective that adds value to the sector by developing an engineering strategy that will perfect the performance, quality and cost triangle. To be a pioneer in the production and installation of innovative solar module technologies and to sp
Slide 7: Solar Energy in the World
Solar Energy in the World In order to reach the net zero carbon emission target by 2050, it is predicted that electricity generation will depend heavily on renewable energy sources. World Installed Power Development (GW, 2000-2050) CAGR 19,924 CAGR (2000-2020) 1.872 (2020-2050) 15,431 2.585 %6,8 11,
Slide 8: Solar Energy in the World
Solar Energy in the World Renewable Energy Installed Power Development (GW, 2000-2050) 18,052 12,846 CAGR CAGR (2000-2020) 8.519 (2020-2050) 7,736 5.761 %40,3 %8,6 3.151 6.044 2,823 4.330 1,867 2.526 908 1,23 710 759 732 6 1.212 1.444 1.646 1.822 2000 2005 2010 2015 2020 2030 2040 2050 Hydroelectric
Slide 9: Solar Energy Sector in Türkiye and in the World
Solar Energy Sector in Türkiye and in the World Türkiye, together with Spain and Portugal, are among the top 3 countries with the highest solar energy potential in Europe. According to the Solar Energy Potential Atlas (GEPA) prepared by the Ministry of Energy and Natural Resources, the average annua
Slide 10: Solar Energy Sector in Türkiye
Solar Energy Sector in Türkiye Türkiye is among the 10 countries with the G20 Countries with the Highest Producers of Solar Energy per capita (first 10) and radiation potential, highest solar energy production per capita (kWh/person,kWh/m2/day,2019) among the G20 countries. Türkiye's solar radiation
Slide 11: Solar Energy in Türkiye
Solar Energy in Türkiye Installed Power Development in Türkiye by Years MW
Slide 12: Electricity Installed Capacity in Türkiye
Electricity Installed Capacity in Türkiye The installed electricity production capacity, which was 95.9 GW in 2020, will increase to 189.7 GW in 2035. The share of renewable energy sources, which was 52.0% in the installed power in 2020, reaches 64.7% by 2035. Hydroelectric power plants reach an ins
Slide 13: New Capacity Commissioned in Türkiye
New Capacity Commissioned in Türkiye The amount of new capacity to be commissioned in the 2021-2035 period is at the level of 96.9 GW In terms of five-year periods, a new capacity of 21.6 GW in the 2021-2025 period, 34.3 GW in the 2026-2030 period, and 41.0 GW in the 2031-2035 period should be commi
Slide 14: Solar Energy in Türkiye
Solar Energy in Türkiye 2022 December river asphaltite coal 1% waste heat 11% 8% barrage 10% 22% bio mass 2% 10% natural gas 2% 9% fueloil 24% solar inp. coal geothermal MW December 2022 December 2021 % Change Total Energy Power of Turkey 103.809 99.820 4,00 Total Solar Energy Power of Turkey 9.425
Slide 15: Solar Energy in Türkiye
Solar Energy in Türkiye Resources in Electricity Generation (TWh) Share of Resources in Electricity Generation 2025 2030 2035 2025 2030 2035 Thermal 196,4 201,2 173,7 Thermal 51,70% 44,50% 34,20% Nuclear 18,6 37,2 55,8 Nuclear 4,90% 8,20% 11,10% Hydraulic 81,9 87,9 87,9 Hydraulic 21,50% 19,40% 17,30
Slide 16: Ownership Structure
Ownership Structure 24,97% PUBLIC PART 75,03% SMART HOLDİNG A.Ş. Partner's Name-Surname/Trade Title Share in Capital Currency Share in Capital (%) SMART HOLDİNG ANONİM ŞİRKETİ 229.584.000 TRY 75,03 PUBLIC PART 76.416.000 TRY 24,97 TOTAL CAPITAL 306.000.000 TRY 100 BIST Ticker SMRTG IPO Date 24.03.20
Slide 17: Smart Güneş Corporate Structure
Smart Güneş Corporate Structure Smart Güneş has 7 subsidiaries in three different countries. Country of Origin Activity area . %100 Smart Güneş Enerji Ekipmanları Marketing of solar panels and Türkiye Pazarlama A.Ş.* equipment Halil Demirdağ Hakan Akkoç %100 SPP installation and manufacturing Smart
Slide 18: About Us
A B O UUST U S ABOUT 2021 2017 Smart Solar Technologies won The solar panel factory 2019 the "BIG STARS" award in 2015 established in Gebze, Germany and Ukraine Deloitte Technology Fast 50 awards. started production with a offices were opened. A total of 15 MW capacity capacity of 420 MW. Smart Sola
Slide 19: End-to-End Service/Vertical Integration
End-to-End Service/Vertical Integration Engineering and Design ▪ It covers engineering design services for domestic and international projects. ▪ A service approach tailored to the needs of the customer with a value engineering approach. ▪ yapmaktadır. Panel Panel Production ▪ In order to meet the i
Slide 20: PV Panel Production
PV PANEL PRODUCTION In our production facilities, high efficiency photovoltaic solar panels based on crystalline silicon cells are produced for use in land and roof solar power plants. High efficiency is achieved in solar panel production by using Multi Busbar, PERC, Half-Cut Cell and Bifacial techn
Slide 21: Smart Technology
ENCAPSULANT cS M A R T BACK SHEET = TECHNOLOGY FRAME ARC — & TEMPERED a CTION, GLASS SOLAR CELLS STRINGS
Slide 22: Bifacial Technology
S M A R T T E C H N O LO G Y Bifacial Technology System Takip Sistemi XT Generation 555W 144 Cell GüneşTracker 166 mm Cell 10 Busbar Solar Bifacial Option Cost advantage High efficiency
Slide 23: PV Module References
PV Module References *Some of our pv module references. UCK Doğan Enerji Daikin Türkiye Türkiye Türkiye 71.300,00 kWp 24.690,00 kWp 5.784,00 kWp Çalık Enerji Akfen Birleşim Grup Edikli Türkiye Türkiye Türkiye 957,00 kWp 24.201,00 kWp 15.237,12 kWp
Slide 24: EPC Basic Areas of Application
EPC BASIC AREAS OF APPLICATION Large Scale Commercial Field Projects Medium Scale Commercial and Personal Consumption Based Field Projects Roofing Projects for Large and Medium Scale Commercial and Personal Consumption Hybrid Projects We are a solution partner with more than 10 years of experience i
Slide 25: EPC Activities
E P C AC T I V I T I E S In the PV market, which we entered as an investor in Eastern Europe 14 years ago, we can operate all over the world with the identities of project developer, EPC company, BOT (build/operate/transfer), BOO (build/operate) thanks to the experiences we have gained so far. Thank
Slide 26: EPC Activities
EPC ACTIVITIES We inspect materials and products upon delivery to the site and prior to installation. We replace defective products and materials with new ones. We protect all materials and equipment that can be damaged, exposed to bad weather and ultraviolet rays. We make sure that sensitive equipm
Slide 27: Engineering References
Engineering References * Some of our engineering references. Osmaniye Şanlıurfa Slobidka Türkiye Türkiye Ukraine 9.924,17 kWp 14.400,00 kWp 11.000,00 kWp Van Arısu Aksaray Mardin Artuklu Türkiye Türkiye Türkiye 55.540,00 kWp 11.796,72 kWp 10.890,76 kWp
Slide 28: Ongoing investments - Aliağa OIZ Phase-1
Ongoing investments - Aliağa OIZ Phase-1 ❑ CONTRIBUTION TO CURRENT DEFICIT ❑ CONTRIBUTION TO EMPLOYMENT *A total of 3000 employees at the end of the investment period ❑ CONTRIBUTION TO TECHNOLOGY ❑ STRATEGIC INVESTMENT ❑ INFLATION LOWERING EFFECT
Slide 29: Project Based Investment Incentive – Aliağa OIZ Investment
Project Based Investment Incentive – Aliağa OIZ Investment Regarding the photovoltaic solar panel production facility investment of our company to be built in İzmir with a capacity of 2.048 MW/Year, our incentive application to the Ministry of Industry and Technology, Giving Project-Based Investment
Slide 30: Planned Investments – Aliağa OIZ Phase-2
Planned Investments – Aliağa OIZ Phase-2 Within the scope of the PV cell and panel investment to be made by Aliağa OIZ, İzmir (ALOSBİ), a total of 58,309 m2 land allocation covering 4 parcels has been provided, and Ingot, Cell, Panel and Wafer production will be carried out in a closed area of 90,00
Slide 31: Planned Investments
Planned Investments The company plans to reach a total of 3,600 MW Laser Half-Cut solar panels and 2,400 MW cell production capacity with the investments.. Planned Investments– 2024-2026 2400 MW 3600 MW 3600 MW 1.200 MW Wafer New Ingot Panel Generation Cell 391.4 Million USD Planned Investment Amoun
Slide 32: Other Investments
Other Investments YEKA-4 BOR-1 SPP Investment On April 8, 2022, our company's 100% subsidiary, Smart GES Üretim A.Ş, won the competition by submitting the best bid in the BOR-1 (100 MWe) tender for the allocation of solar energy-based renewable energy resource areas and connection capacities. Thus,
Slide 33: Other Investments
Other Investments Electric Vehicles Charging Network Establishment Project- Green Mobility • It was decided to support our application for the "Fast Charging Stations for Electric Vehicles Grant Program". • • Our electric vehicles charging network, which we will run, will be run together with the So
Slide 34: Other Investments - Business Relations
Other Investments - Business Relations To establish a fully integrated (ingot, wafer, cell, panel) solar panel production facility with a capacity of 3,600 MW, to purchase, develop, finance and implement infrastructure and clean technology projects, and manage its own assets, Europe-based green ener
Slide 35: Financial Indicators (TL)
FINANCIAL INDICATORS (TL) BALANCE SHEET ITEMS 31.12.2022 31.12.2021 % Current Assets 2.284.947.720 712.656.851 221 Non- Current Assets 310.720.549 105.674.912 194 Total Assets 2.595.668.269 818.331.763 217 Short Term Liabilities 1.700.086.572 579.082.290 194 Long Term Liabilities 113.916.495 38.637.
Slide 36: Financial Indicators (USD)
FINANCIAL INDICATORS (USD) BALANCE SHEET ITEMS 31.12.2022 31.12.2021 % Current Assets 122.200.827 53.466.640 129 Non- Current Assets 16.617.583 7.928.195 110 Total Assets 138.818.410 61.394.835 126 Short Term Liabilities 90.921.986 43.445.291 109 Long Term Liabilities 6.092.345 2.898.785 110 Equitie
Slide 37: Financial Performance – Key Indicators
Financial Performance – Key Indicators EBITDA M TL NET PROFIT M TL 350 240 325 300 220 275 200 333,1 M 250 180 238,9 M TL TL 225 160 200 140 175 120 150 100 125 80 100 60 75 159,9 M 50 40 25 20 84,3 M TL 0 0 2021 2022 2021 2022 As a result of successful and effective Despite the increased financing
Slide 38: Financial Performance – Key Indicators
Financial Performance – Key Indicators REVENUE M TL Gross Profit M TL 2200 350 2000 1800 300 2199,5 M 366,1 M TL 1600 TL 250 1400 1200 200 1000 150 800 600 3846,1 M TL 100 134, 5 M 400 50 200 0 0 2021 2022 2021 2022 The revenue of our company in 2022 increased by 160% compared to the previous year a
Slide 39: SMRTG Performance
SMRTG Performance SMRTG vs BIST 100 SMRTG BIST 100 Source: Rasyonet • It started trading on March 24, 2022 with a price of 14.00 TL. • On October 24, 2022, 100% bonus shares were distributed. • The lowest 14 TL was traded at the highest 141.6 TL (after the split). • The closing price of the Company
Slide 40: 2023 Expectations
2023 Expectations REVENUE : 6,5 Billion TL EBITDA : 1,1 Billion TL EBITDA % : 16,9% INVESTMENT AMOUNT: 1,5 Billion TL "+/- 100 Million« Average USD Currency Expectation: 20.4
Slide 41: Contact Information: Investor Relations
Contact Information: Investor Relations CEM NURİ TEZEL ALPER YÜCEL Executive Board Member Investor Relations Manager Tel: +90 216 225 72 00 Tel: +90 216 225 72 06 SABİT AŞKAR ESRA TAŞÇI Budget and Reporting Manager Investor Relations Executive Tel: +90 216 225 72 00 Tel: +90 216 225 72 57 www.smarts
Slide 42: Disclosure
Disclosure This presentation has been prepared for informational purposes only, and contains forward-looking statements and statements that reflect the current views of the Company management regarding certain future events. The expectations and projections contained in these statements, although be
Slide 43: Global View
G LO BA L V İ E W Offices Germany Bulgaria Switzerland Romania Türkiye Ukraine Greece Countries we export to Germany Austria Bulgaria Georgia Iraq Spain Italy Greece Ukraine
Slide 44: Contact
CONTACT İSTANBUL HEADQUARTER Energy Plaza, Rüzgarlıbahçe, Çınar Sk. No:2, K:6 34805 Beykoz/İstanbul T: + 90 216 225 72 00 Gebze Production Factory Gebze Organize Sanayi Böylesi, Tembelova Alanı, Cadde 3200, No: 3207 Gebze/Kocaeli T: + 90 262 673 71 00 | F: + 90 850 305 06 10 Dilovası Production Fact
Slide 45: / smartgunesteknolojileri
www.smartsolar.com.tr / smartgunesteknolojileri