Turcas Holding A.s. · BIST:TRCAS
Turcas Holding A.s — Turcas Petrol A.S. — 9M22 Earnings Presentation
13 slides from Turcas Holding A.s's earnings presentation, November 2022
Slide 1: 9M22 Earnings Presentation
(UICOS 9M22 Earnings Presentation DISCLAIMER STATEMENT Turcas Petrol A.S. (“Turcas") has prepared this presentation document (the "Document”) consisting of documents thereto for the sole purposes of providing information and projections and statements retating to Turcas (the “Information’). Turcas c
Slide 2: 3Q & 9M22 General Overview
3Q & 9M22 General Overview Turcas 3Q22 Turcas Petrol IFRS Consolidated Net Income/Loss Bridging (3Q22) (MM TL) Net Loss: -200 MM TL 1,262 -247 39 15 8 -12 -3 1,062 Profit as of 1H 2022 Turcas' Share in STAŞ Turcas' Share in RTG Usufruct Certificate Other* Opex Net Financing Profit as of 9M 2022 Net
Slide 3: At a glance – 9M22 & [3Q22]
At a glance – 9M22 & [3Q22] Fuel Distribution & Lubricants VOLUME (1) NET SALES EBITDA NET PROFIT 5,589 117,553 4,014 1,645 ths m3 MM TL MM TL MM TL Shell & Turcas in 9M22 in 9M22 in 9M22 in 9M22 [2,139 ths m3 in 3Q] [48,856 MM TL in 3Q] [-464 MM TL in 3Q] [-822 MM TL in 3Q] Power Generation 1,725 M
Slide 4: Quarterly & YoY Segmental Analysis
Quarterly & YoY Segmental Analysis Oil Segment Energy Segment MM TL Shell & Turcas RWE & Turcas (Turcas share: 30%) (Turcas share: 30%) Net Profit/ Net Profit/ Revenues EBITDA Revenues EBITDA Loss Loss 9M22 117,553 4,014 1,645 4,584 512 478 9M21 36,288 1,699 312 1,392 188 148 3Q22 48,856 -464 -822 2
Slide 5: Shell & Turcas JV – 9M22 Key Operational Highlights
Shell & Turcas JV – 9M22 Key Operational Highlights Onsite B2B + B2C Fuel Sales Commercial Fuel Sales ths m3 ths m3 +14% y/y 3,989 +19% y/y 945 3,496 +1,527 in Q3 +345 792 in Q3 9M21 9M22 9M21 9M22 Lubricants Sales Onsite Market Share Progress in 2021-2022 July 1 ths m3 22.0% 21.9% 21.6% 21.5% +8% y
Slide 6: Shell & Turcas JV – 9M22 Key Financial Highlights
Shell & Turcas JV – 9M22 Key Financial Highlights Net Sales EBITDA MM TL MM TL +224% y/y +136% y/y 4,014 117,553 -464 +48,856 in Q3 in Q3 1,699 36,288 9M21 9M22 9M21 9M22 Net Profit / Loss Shell & Turcas 3Q22 & 9M22 Highlights MM TL • Total sales volume is up by 14% compared to the first 9 months of
Slide 7: Cash inflows from Shell & Turcas
Cash inflows from Shell & Turcas Dividends & Management Fees & SHL Principal and Interest Received from Shell & Turcas MM TL 65 168 57 5 10 16 14 85 13 16 75 70 7 50 53 23 51 45 45 36 40 26 31 27 24 18 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 9M2022* Management Fees
Slide 8: RWE & Turcas JV – 9M22 Key Financial Highlights
RWE & Turcas JV – 9M22 Key Financial Highlights Net Sales EBITDA MM TL MM TL +229% y/y 4,584 +173% y/y 512 +2,059 +157 in Q3 in Q3 188 1,392 9M21 9M22 9M21 9M22 Net Profit / Loss RWE & Turcas 3Q22 & 9M22 Highlights MM TL • Although power generation has declined by 43% (compared to 9M21) due to gas c
Slide 9: RWE & Turcas JV – 9M22 Key Operational Highlights
RWE & Turcas JV – 9M22 Key Operational Highlights Gas Consumption Electricity Generation mcm GWh -41% y/y -43% y/y 567 3,022 334 1,725 +101 +516 in Q3 in Q3 9M21 9M22 9M21 9M22 RTG Average Electricity Sales Price (TL/MWh) Cash inflows to Turcas from RWE & Turcas JV MM TL 4,000 SHL Repayment Cash Cap
Slide 10: Turcas Consolidated IFRS Summary BS & PL
Turcas Consolidated IFRS Summary BS & PL IFRS Consolidated Financial Statements & Financing Ratios Balance Sheet , million TL 2021 9M2022 Ytd Income Statement, million TL 9M2021 9M2022 Y/Y Revenues (Electricity Sales) 57 0 n.m. Cash & Cash Equivalents 21 149 619% Gross Profit 36 0 n.m. Receivables F
Slide 11: Financial Deleveraging Well On Track
Financial Deleveraging Well On Track MM EUR Denizli CCPP +TKJ PP Project Finance Loans Principal Outstanding Balance 200 150 127 114 39 100 100 37 85 173 165 33 151 135 31 120 50 102 88 77 67 54 28 21 18 6 0 - 2013 2013 Dec. 2013 Dec 2013YE 2014 2014YE 2015 2015YE 2016 2016YE 2017 2017YE 2018 2018YE
Slide 12: 2022 Guidance vs Realizations as of end of October 2022
2022 Guidance vs Realizations as of end of October 2022 Guidance Updated guidance Realizations (as of 14 March (as of 9 August Difference (as of 31 October Unit 2022) 2022) 2022) Cash Flow From Subsidiaries Shareholder Loan Interest + Principal Repayments to be MM received from Shell & Turcas (Princ
Slide 13: Thank you!
Thank you! Contact Information Arif ŞAHİN Mert GÖKNAR Corporate Finance and Investor Finance and Investor Relations Manager Relations Deputy Manager E-mail: mert.goknar@turcas.com.tr E-mail: arif.sahin@turcas.com.tr Phone: +90 212 259 00 00 / Ext: 1243 Phone: +90 212 259 00 00 / Ext: 1238