Cates Elektrik Uretim Anonim Sirketi · BIST:CATES
Cates Elektrik Uretim Anonim Sirketi — Çates Elektrik Üretim A.Ş. — Q1 2024 Earnings Presentation
22 slides from Cates Elektrik Uretim Anonim Sirketi's earnings presentation, June 2024
Slide 1: CATES Investor Presentation Q1 2024
CATES Investor Presentation Q1 2024
Slide 2: CATES at a Glance
CATES at a Glance ate “sS aN! IERMAL POWER PLANT
Slide 3: Key Information on Power Plant
Key Information on Power Plant Catalagzi (CATES) Thermal Power Plant Catalagzi Thermal Power Plant Zonguldak, 314.68 MW License Installed License Licensing Operation Location Number Capacity Date Period Date Zonguldak / EÜ/5358- 314.68 MWe/ 18.12.2014 49 Years 22.12.2014 Catalagzi 1/03178 319.6 MWm
Slide 4: Key Information on Power Plant: Equipment
Key Information on Power Plant Power Plant Equipment Boiler: Natural circulation boiler with reheater, single burner, dome (Boiler is the process in which the energy is obtained by burning coal and converting pure water into superheated steam. Supplier: Transelektro) ▪ Boiler Heat Capacity: 480 t/h
Slide 5: Company Milestones
Company Milestones As decided in the public investment Upon winning the tender organized by the Privatization program, in addition to Çatalağzı A Power Unit 1 at Çatalağzı B Power Plant started Administration, Çatalağzı Thermal Power Plant and the Plant, the construction of Çatalağzı B commercial op
Slide 6: Shareholding Structure
Shareholding Structure Parla Enerji Yatırımları A.Ş. (Parla Enerji) owns 79.99% of the Company's shares and the remaining 20.01% is publicly traded. Parla Enerji is wholly (100%) owned by Aydem Holding. Parla Enerji Publicly Traded Aydem Holding A.Ş. Yatırımları A.Ş. 79.99% 20.01% 100% Çates Elektri
Slide 7: Operational management performance at global standards
Operational management performance at global standards ISO 14001 ISO 50001 Our operations at Catalagzi Environmental Energy Management Management Thermal Power Plant are carried out with the Integrated Management System. Our ISO 9001 ISO 45001 Quality Occupational internationally recognized Manageme
Slide 8: Turkish Electricity Market
Turkish Electricity Market 8
Slide 9: Plays a strategic role in Turkey's energy sector and future
Plays a strategic role in Turkey’s energy sector and future The growth of Turkish GDP… …drives electricity demand... ...with material further upside Real GDP (USDbn)1 Electricity demand (TWh)2 Per capita electricity consumption3 (MWh) 5.6% YBBO 4.7% 3.0% 7.9% YBBO YBBO CAGR 4,659 7.8 395 3,352 331 5
Slide 10: Price Changes (2022 - 2023 - 2024 / TL)
Price Changes (2022 - 2023 - 2024 / TL) ‘000 (bin TL) 3.9 3.9 3.7 3.7 3.5 3.5 3.4 3.4 3.4 3.4 3.1 3.1 2.8 2.8 2.3 2.3 2.4 2.4 2.3 2.3 2.2 2.3 2.4 2.4 2.2 2.2 2.2 2.3 2.3 2.1 2.0 2.2 2.1 2.1 2.2 2.2 2.1 2.2 1.8 1.9 2.1 2.0 2.3 1.9 2.12.0 2.0 2.0 1.8 2.1 2.1 2.1 2.1 2.0 2.2 2.0 1.8 1.8 1.9 2.1 2.1 1.9
Slide 11: Key Price Indicators of ÇATES
Key Price Indicators of ÇATES Average Sales Price Including PFK Income PFK Revenue Effect per MWh (TL) (TL) 2,078 58 10% 1% 57 1,895 Q1 2023 Q1 2024 Q1 2023 Q1 2024 Average Sales Price Excluding PFK Income Availability Rate (TL) 2,021 (%) 73% 10% 66% 1,838 Q1 2023 Q1 2024 Q1 2023 Q1 2024 11 PFK: Pri
Slide 12: Featured in Q1 2024
Featured in Q1 2024 Pa ‘au IERMAL POWER PLANT
Slide 13: Power Plant Electricity Generation
Power Plant Electricity Generation Gross Generation (GWh) +35% -5% +11% 460 436 415 322 67% 65% 61% 47% Q1 2021 Q1 2022 Q1 2023 Q1 2024 Capacity Factor 13
Slide 14: Summary Financials
Summary Financials Revenues Gross Profit mn TL 1,572 mn TL 12.4% 1.0% -34% 1,030 195 -95% 10 Q1 2023 Q1 2024 Q1 2023 Q1 2024 Gross Profit Margin EBITDA Net Profit mn TL 21.7% 14.9% mn TL 32.4% 8.9% 341 510 -55% -82% 153 92 Q1 2023 Q1 2024 Q1 2023 Q1 2024 EBITDA Margin Net Profit Margin 14 Note: In a
Slide 15: Summary Financials
Summary Financials Cash and Cash Equivalents Net Working Capital mn TL mn TL 1,316 -36% 713 629 +13% 840 Q4 2023 Q1 2024 Q4 2023 Q1 2024 Net Financial Debt Earnings per Share mn TL 0.0x 1.8x TL 276 4.18 +421% -87% 53 0.56 Q4 2023 Q1 2024 Q1 2023 Q1 2024 Net Fin. Debt/EBITDA As of 24 June 2024, all l
Slide 16: Annexes
Annexes ate “sS aN! | \y CATALAGZI THERMAL POWER PLANT
Slide 17: Annex 1 - Summary Consolidated Tables (TFRS)
Annex 1 - Summary Consolidated Tables (TFRS) Summary Statement of Financial Summary of Profit or Loss Statement March 31, 2024 December 31, 2023 March 31, 2024 March 31, 2023 Position (TL mn) (TL mn) Current Assets 2,053 2,501 Revenue 1,030 1,572 Non-Current Assets 10,186 10,356 Cost of Sales (1,020
Slide 18: Annex 2 - Developments – Subsequent Period
Annex 2 - Developments – Subsequent Period ✓ Mr. Mehmet Özülkü, who served as the Financial Affairs Director of our Company, resigned from his position as of 1 April 2024. ✓ At the Board of Directors meeting of our Company dated 30 April 2024 and numbered 2024/9, it was decided to appoint Mr. Ahmet
Slide 19: Annex 2 - Developments – Subsequent Period
Annex 2 - Developments – Subsequent Period ✓ Within the framework of the provisions of the Capital Markets Board's Corporate Governance Communiqué No. II-17.1, the Audit Committee, Corporate Governance Committee, Early Detection of Risk Committee, Investment Committee and Sustainability Committee of
Slide 20: Contact
Contact Investor Relations Headquarters Hüseyin Konur Şahinler Mahallesi Şahinler (Küme Evler) Yatağan Termik Investor Relations Executive & Corporate Governance Santrali Sitesi No: 259/1 Yatağan/Muğla Committee Member https://www.cates.com.tr/en Tel : +90 372 264 30 50 investorrelations@cates.com.t
Slide 21: Disclosure Note
Disclosure Note ✓ Nevertheless, Çates Elektrik Üretim A.Ş. makes no claims or guarantees about the accuracy or completeness of the information contained in this Report. The information contained in this presentation can be changed without notice. ✓ Information contained in this presentation does not
Slide 22: CATES Investor Presentation Q1 2024
CATES Investor Presentation Q1 2024
Çates Elektrik Üretim A.Ş. — Q1 2024 Earnings Presentation on 6ix