Haci Omer Sabanci Holding A.s. · BIST:SAHOL
Haci Omer Sabanci Holding A.s — Hacı Ömer Sabancı Holding A.Ş. — Investor Presentation (October 2023)
29 slides from Haci Omer Sabanci Holding A.s's investor presentation, October 2023
Slide 1: Energy & Climate Technologies Investor Presentation
OCTOBER, 2023 ENERGY & CLIMATE TECHNOLOGIES INVESTOR PRESENTATION
Slide 2: 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 October 2023 Partnership with E.ON
Slide 3: 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 4: 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… Distribution & Retail Generation & Trade 50% Sabancı Holding 40% Sabancı Holding 50% E.ON 40% E.ON 20% Free Float Energy & Climate Tech. 100% Sabancı Holding
Slide 5: 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 6: Diversified energy portfolio throughout the value chain
ENERGY & CLIMATE TECHNOLOGIES Diversified energy portfolio throughout the value chain Generation & Trade Distribution & Retail 24 5 3.7 GW 14 6 Power Plants Technologies Installed Capacity Cities Metropoles 14.6 TWh 45.5% 28.5 TWh 22 mn 10.4 mn Generation (2022) Renewables (59% Trading (2022) Popula
Slide 7: Strong fundamentals for continued growth in Türkiye
ENERGY & CLIMATE TECHNOLOGIES: SECTOR OVERVIEW Strong fundamentals for continued growth in Türkiye 80 47,2 Electricity per Capita Consumption US Increase in Distribution Investments(2) 70 Room for Improvement to Reach European Countries Level (Bn TL, 2022 June CPI: 997.9) 43,1 60 GDP per capita (USD
Slide 8: 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) 5000 25 Spot Prices (TL/MWh) BOTAŞ Tariff (TL/sm3) 100 81,9 85,1
Slide 9: Exceptionally strong performance driven by stronger returns in Türkiye
ENERGY & CLIMATE TECHNOLOGIES Exceptionally strong performance driven by stronger returns in Türkiye Combined Revenue & EBITDA(1) (Bn TL) Combined Net Income(1) (Bn TL) Revenue EBITDA EBITDA Margin 35% 23% 23% 22% 18% 25% 17% 11,0 14% 14% 15% 8,5 140.5 4,3 62,0 76,5 5% 3,0 4,3 26.0 6.0 31.1 47.8 2,4
Slide 10: 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 11: 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(1) 1000 MW YEKA-2 Wind Power Plant Investment (USD 1.2 bn) ÇANAKKALE Currently 2026 250 MW BALIKESİR N
Slide 12: USD-based fixed price to continue after replacing FiT renewable power plants
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 13: 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 14: Solid balance sheet structure & strong financial performance
ENERGY & CLIMATE TECHNOLOGIES: GENERATION & TRADING (ENERJİSA ÜRETİM) Solid balance sheet structure & strong financial performance Key Financials Free Cash Flow Generation (Mn TL) Revenue(Bn TL) EBITDA (Bn TL) Net Income(Bn TL) EBITDA Margin 37% 32% 4.012 27% 30% 20% 15% 17% 2.938 3,014 2.596 2.488
Slide 15: Enerjisa Enerji to continue 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 16: Strong position in distribution & retail, inflation-linked business with real return
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 (H1 2023) Türkiye’s leading electricity distri
Slide 17: Heavily concentrated on network investments but also an efficiency game
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 (H1 2023) Untapped Potential CAGR YoY Regulated Asset Base (TL bn) 30%
Slide 18: Acting as a 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 27.9 MWp E-mobility / E-charging Platform Installed Solar Power Capacity 3.8 MW Installed Combined Heat & Power In July 2023, E
Slide 19: Transforming the energy business to pursue disruption & expansion abroad
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 20: 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 21: US attraction as world’s 2nd largest renewable market and largest 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 22: Further investments in on-shore wind and utility-scale solar to exceed 1,000 MW
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 in the Last 6-Months Focused Investment Target Technologies Target Geographies Approach On-shore wind ERCOT Ut
Slide 23: 272 MW Cutlass II solar project in Texas
ENERGY & CLIMATE TECHNOLOGIES: SABANCI CLIMATE TECHNOLOGIES After detailed research & studies, first solar project in Texas has initiated that offers a variety of opportunities for the future growth 272 MW Cutlass II Solar Power Plant Project Project Acquisition: October’22 EPC Agreement with Bechte
Slide 24: Group US generation capacity to reach 500 MW with Oriana Solar
ENERGY & CLIMATE TECHNOLOGIES: SABANCI CLIMATE TECHNOLOGIES Sabancı Group’s generation capacity to reach 500 MW in the US once the 2nd project “Oriana Solar Power Plant” completed Market potential for proxy businesses in 232 MW Close to the major load centers of Houston and Corpus Christi, anticipat
Slide 25: Sabancı Climate Ventures will create extended innovation ecosystem
ENERGY & CLIMATE TECHNOLOGIES: SABANCI CLIMATE TECHNOLOGIES Sabancı Climate Ventures will create extended innovation ecosystem & enable 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 Ac
Slide 26: Investments in climate technologies fund and start-up companies
ENERGY & CLIMATE TECHNOLOGIES: SABANCI CLIMATE TECHNOLOGIES ….via the investments in climate technologies fund & investments directly to start-up companies Invested in a venture fund with a Coming out of MIT's Plasma Coming out of MIT and reached a Founded in San Francisco in 2021 portfolio of start
Slide 27: Contributing to Türkiye’s green energy transition while 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 28: 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 29: For Further Details ir.sabanci.com
INVESTOR RELATIONS CONTACTS Kerem TEZCAN Investor Relations Director Şule GENÇTÜRK KARDIÇALIOĞLU Meet SirA, Sabancı Holding's digital Investor Relations Manager investor relations assistant ! Emine DALAN Turkey’s First Investor Relations Investor Relations Specialist Dedicated Assistant ! Hamza SÜME
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