Galata Wind Enerji A.s. · BIST:GWIND
Galata Wind Enerji A.s — Q1 2025 Earnings Presentation
20 slides from Galata Wind Enerji A.s's earnings presentation, 2025
Slide 1: Galata Wind Enerji A.Ş. Investor Presentation Q1 2025
Galata Wind Enerji A.Ş. Investor Presentation Q1 / 2025 1. Energy Market in Turkey 2. Operational Data 3. Financial Data
Slide 2: Energy Market in Turkey
SECTION 1 Energy Market in Turkey
Slide 3: Turkey Installed Capacity | Mar 2025
Turkey Installed Capacity | Mar 2025 Total Installed Capacity 117,885 MW FUEL TOOR BOT SOLAR 0% 3% 0% 235 MW 3,244 MW 116 MW 18% 21,630 MW UNLICENSED COAL 17% 19% 20,252 MW 21,936 MW WIND 11% 13,098 MW Installed Capacity EÜAŞ Installed Capacity by Energy Sources 18% by Energy Utilities 21,573 MW NAT
Slide 4: Turkey Installed Capacity | Dec 2024/Mar 2025
Turkey Installed Capacity | Dec 2024/Mar 2025 INSTALLED CAPACITY BY ENERGY RESOURCES (MW) INSTALLED CAPACITY BY ENERGY UTILITIES (MW) 32,203 PRODUCTION 72,006 HYDRO +18 +693 32,221 COMPANIES 72,699 24,675 NATURAL GAS -72 24,603 21,573 EÜAŞ 0 21,879 21,573 COAL +57 21,936 12,576 18,442 WIND +522 UNLI
Slide 5: Turkey Energy Generation | Mar 2025
Turkey Energy Generation | Mar 2025 Total Energy Production 88,417 MWh SOLAR FUEL İHD YİD 8% 0% 1% 0% 184 MWh LİSANSSIZ 1,237 MWh 30 MWh 6,749 MWh 6% GEO/BIO COAL 5,431 MWh 6% 34% 5,458 MWh 30,301 MWh EÜAŞ WIND 13% 11,551 MWh 11% 9,376 MWh Generation by Generation by Energy Sources Energy Utilities
Slide 6: Turkey Energy Generation | Mar 2024/Mar 2025
Turkey Energy Generation | Mar 2024/Mar 2025 GENERATION BY ENERGY RESOURCES (MWh) GENERATION BY ENERGY UTILITIES (MWh) 30,536 PRODUCTION 63,962 COAL -235 +6,206 30,301 COMPANIES 70,168 22,679 HYDRO -8,285 14,393 15,154 EÜAŞ -3,604 11,551 11,943 NATURAL GAS +10,013 21,956 8,859 3,702 WIND +517 UNLICE
Slide 7: Turkey Energy Market | Electricity Consumption
Turkey Energy Market | Electricity Consumption Total Consumption (thousand MWh) 347.9 332.9 331.1 330.3 296.7 304.2 303.3 306.1 279.3 257.2 265.7 242.4 246.4 230.3 210.4 198.1 194.1 84.2 87.3 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2024 2025 (Mar) (Mar) T
Slide 8: Electricity Prices (2023-2025)
Electricity Prices (2023-2025) TRY/MWh 4,500 4,000 3,431 Average Prices (TRY) 3,500 3,000 2,500 2,509 2,803 2,126 2,095 2,589 2,574 2,396 2,336 2,463 2,446 2023 MCP 2,191 2,047 2024 MCP 2,233 2,478 2,000 1,771 2,251 2,250 2,184 1,958 1,977 2,007 2,067 2,075 1,943 2,190 1,907 1,500 1,764 1,624 2025 M
Slide 9: Operational Data
SECTION 2 Operational Data
Slide 10: Galata Wind Portfolio
Galata Wind Portfolio Çorum SPP Taşpınar WPP (Bursa) (Unlicensed) Erzurum SPP Operational since March 2021 Best generation in its Hybrid Solar added Dec. 2023 distribution zone (Unlicensed) Şah WPP (Balıkesir) Among the biggest WPPs in Turkey Mersin WPP Among the best WPP in Turkey in terms of efficie
Slide 11: Key Operational Figures - WPP & SPP
Key Operational Figures - WPP & SPP Capacity Usage Factor WPP WPP Generation - GWh 50% 800 741 758 690 678 700 45% 600 547 40% 500 35% 400 344 322 333 317 322 300 30% 200 222 225 218 218 183 192 169 191 183 200 147 63 57 25% 100 50 46 78 79 20% 0 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 202
Slide 12: Operation | Generation
Operation | Generation Generation Growth (GWh) 793 810 800 14 745 39 13 730 38 14 14 700 41 37 183 601 147 218 600 556 14 169 40 514 14 2 29 500 463 14 428 437 421 386 384 400 322 333 326 327 344 317 322 317 300 326 292 299 295 193 277 273 201 3 193 2 200 7 8 63 57 100 62 222 225 183 187 200 192 78
Slide 13: Ongoing Investments
Ongoing Investments Total Installed Capacity - Present 2025-2026 2030 Mersin WPP 62.7 MW Şah WPP 105 MW Mersin WPP (Capacity expansion) 39 MW European SPP Investments 100 MW Taşpınar WPP 79 MW Taşpınar Hybrid SPP (2nd Phase) 20 MW Taşpınar Hybrid SPP 16.4 MW Alapınar WPP (New License) 15.8 MW PPs wi
Slide 14: Financial Data
SECTION 3 Financial Data Unless otherwise stated, financial data in the presentation expressed on a purchasing power basis of 31 March 2025.
Slide 15: Financial Performance
Financial Performance REVENUE EBITDA CapEx (million TRY) (million TRY) (million TRY) 556 395 283 Purchase of PPE & Intangible Assets -17% -22% -74% 670 508 556 395 1,094 283 2024 Mar 2025 Mar 2024 Mar 2025 Mar 2024 Mar 2025 Mar TOTAL ASSETS EQUITY FREE CASH (million TRY) (million TRY) (million TRY)
Slide 16: Margins
Margins GROSS MARGIN EBITDA MARGIN NET DEBT / EBITDA* (%) (%) (%) 50.20 71.07 0.75 60.74 75.79 71.07 50.20 0.75 0.48 2024 Mar 2025 Mar 2024 Mar 2025 Mar 2024 Mar 2025 Mar ROA ROE NET FINANCIAL DEBT/EQUITY (%) (%) (%) 0.84 1.15 0.10 1.77 2.50 0.10 0.08 0.84 1.15 2024 Mar 2025 Mar 2024 Mar 2025 Mar 20
Slide 17: Balance Sheet Mar 2025/31 Dec 2024
Balance Sheet 31 Mar 2025/31 Dec 2024 Current Assets: Consolidated Financial Statement Change compared to 31 Mar 2025 31 Dec 2024 As of March 31, 2025, current assets decreased by 37% to TRY 1,114 million. Cash (m TRY) 31 Dec 2024 and cash equivalents decreased by TRY 764 million and trade receivabl
Slide 18: P&L Table - March 2025/2024
P&L Table - 31 March 2025/2024 Other Operating Income & Expenses: Consolidated Income Statement 31 Mar 2025 31 Mar 2024 Yearly Change There was an increase in our deposits compared to the same period of the previous (m TRY) year. Compared to the same period of the previous year, our interest income
Slide 19: Financial Data | Quarters before TAS Inflation Adjustments
Financial Data | Quarters before TAS 29 Inflation Adjustments Income Statement Q1-2023 Q2-2023 Q3-2023 Q4-2023 Q1-2024 Q2-2024 Q3-2024 Q4-2024 Q1-2025 Revenue 337,130,632 253,818,005 480,800,680 424,101,792 464,805,596 442,453,262 596,890,634 569,095,662 543,595,761 Cost of Sales (-) -74,300,897 -72,
Slide 20: 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
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