Aksa Enerji Uretim A.s. · BIST:AKSEN
Aksa Enerji Uretim A.s — 9M24 Earnings Presentation
15 slides from Aksa Enerji Uretim A.s's earnings presentation, Nov 7, 2024
Slide 1: 2024 9M Earnings Presentation
1 2024 9M EARNINGS PRESENTATION 7 November 2024
Slide 2: Key Highlights – 9M24
Key Highlights – 9M24 IMPROVEMENT IN QUARTERLY PERFORMANCE 3Q24 2Q24 q/q TL million 26% Quarterly - 3Q24 vs 2Q24 Net Sales 8,200 6,512 EBITDA 1,878 1,744 8% Net Income 661 786 -16% 9M24 9M23 y/y Cumulative - 9M24 vs 9M23 Net Sales 21,633 38,579 -44% EBITDA 5,303 8,471 -37% Net Income 2,304 4,578 -50
Slide 3: Regional Breakdown
Regional Breakdown FOREIGN OPERATIONS’ CONTRIBUTION TO EBITDA AT 78% TL million Domestic Foreign Share of Foreign Cumulative- 9M24 29% Net Sales 15,448 6,186 71% 22% EBITDA 1,156 4,147 78% Profit Before Tax (1,867) 6,231 TL million Domestic Foreign Share of Foreign Cumulative- 9M23 21% Net Sales 30,
Slide 4: Shares of Regions in EBITDA
Shares of Regions in EBITDA FOREIGN OPERATIONS’ CONTRIBUTION INCREASING AS EXPECTED 90% Shares of Regions in EBITDA 78% 80% 70% 59% 60% 50% 41% 40% 30% 22% 20% 10% 0% Domestic Foreign 9M23 9M24 9M23 9M24 Domestic Foreign • Foreign operations contribution increased to 78% of our EBITDA as expected •
Slide 5: Price Evolution in Turkish Market
Price Evolution in Turkish Market Price SPOT PRICE Evolution CEILING in Turkish INCREASED TO 3,000Market TL/MWh FROM 2,700 TL/MWh IN JUL’24 Average Spot Electricity Prices & Maximum Settlement Prices (TL/MWh) Maximum Settlement Price Spot Price Ceiling @ 3.000 TL/MWh Implementation Period Spot Price
Slide 6: Antalya Power Plant – Key Highlights
Antalya PP - Key Highlights ANTALYA- 900 MW NATURAL GAS CCGT Ali Metin ACTIVE Kazancı PRESENCE Antalya SERVICES IN ANCILIARY Power Plant – Key Highlights Antalya Power Plant Location Technical Overview < ◼ Energy Source: Natural Gas Plant Overview ◼ Installed Capacity: 900 MW CCGT ◼ CoD: 2008 ◼ 2 Si
Slide 7: Bolu Göynük Power Plant – Key Highlights
Bolu PP - Key Highlights BOLU GÖYNÜK- 270 MW LOCAL LIGNITE POWER PLANT Bolu Göynük SIGNIFICANT PowerINPlant RECOVERY – Key Highlights GENERATION Bolu Göynük Power Plant Location Technical Overview ◼ Energy Source: Local Lignite Plant Overview ◼ Installed Capacity: 270 MW (2x 135 MW) ◼ CoD: 2015 ◼ 2
Slide 8: Northern Cyprus Power Plant Key Highlights
Northern Cyprus - PP Key Highlights NORTHERN CYPRUS 188 MW COMBINED CYCLE HFO POWER PLANT USD BASED GUARANTEED ENERGY SALES Nothern Cyprus Power Plant Location Technical Overview ◼ Energy Source: Liquid Fuel ◼ Installed Capacity: 188 MW Combined Cycle Plant Overview ◼ CoD: 2003 ◼ Contract Expiry: 20
Slide 9: Tashkent & Bukhara Power Plants – Key Highlights
Tashkent & Bukhara PP – Key Highlights ADDITIONAL CAPACITY Tashkent INCREASE A, B and OF 50Power Bukhara MW Plants – Key Highlights Uzbekistan Power Plants’ Locations Technical Overview ◼ Energy Source: Natural Gas (CCGT) ◼ Installed Capacity: 740 MW (A: 240 MW; B: 230 MW; Bukhara: 270 MW) ◼ CoD: Ma
Slide 10: Africa Operations – Key Highlights
Africa Operations – Key Highlights LONG TERM GUARANTEED ENERGY SALES IN HARD CURRENCY & Mali FUEL Power Plant – Key IS PASS THROUGH Highlights IN ALL OF OUR OVERSEAS OPERATIONS Africa Power Plants’ Locations Technical Overview ◼ Energy Source: Natural Gas + Liquid Fuel ◼ Installed Capacity: 370 MW P
Slide 11: Consolidated Summary Income Statement
Annex CONSOLIDATED SUMMARY INCOME STATEMENT 9M24 9M23 y/y MM TL Net sales 21,633 38,579 -44% Cost of sales (17,322) (30,356) -43% Gross Profit 4,311 8,223 -48% General & administrative costs (999) (807) 24% Marketing expenses (61) (22) 173% Other operating income 472 271 74% Other operating expenses
Slide 12: Consolidated Summary Balance Sheet
Annex CONSOLIDATED SUMMARY BALANCE SHEET 9M24 YE23 ytd MM TL Cash and cash equivalents 792 1,080 -27% Trade receivables 9,215 18,382 -50% Inventories 1,208 1,217 -1% Total Current Assets 13,589 23,219 -41% PP&E 52,967 47,573 11% Intangibles 1,324 1,503 -12% Total Non-current Assets 62,557 52,599 19%
Slide 13: 2024 Guidance
Annex 2024 2024GUIDANCE BEKLENTİLERİ FINANCIAL 2023 ACTUAL 2024 GUIDANCE COMPOSITION COMPOSITION INDICATOR (MM TL) (MM TL) 24% 38% 62% 76% NET SALES 35.172 Domestic Foreign 27.215 Domestic Foregin 36% 23% 64% 77% EBITDA 7.901 Domestic Foreign 7.795 Domestic Foreign 21% 23% 22% 57% 7% 71% CAPEX 1.834
Slide 14: Investor Relations Contact Information
Contact Information INVESTOR RELATIONS Sena Atay Pınar Saatcıoğlu Investor Relations Investor Relations and Manager Sustainability Director investorrelations@aksaenerji.com.tr +90 216 681 1053 Rüzgarlıbahçe Mh . Özalp Çıkmazı No:10 Kavacık / Beykoz Istanbul Aksa Enerji Üretim A.Ş. https://www.aksain
Slide 15: Disclaimer
DISCLAIMER Aksa Energy has prepared this presentation for the sole purpose of providing information, which contains forward-looking statements that reflect the Company management’s current views with respect to certain future events. Although it is believed that the expectations reflected in these s