Odas Elektrik Uretim Sanayi Ticaret A.s. · BIST:ODAS
Odas Elektrik Uretim Sanayi Ticaret A.s — Q3 2023 Earnings Presentation
33 slides from Odas Elektrik Uretim Sanayi Ticaret A.s's earnings presentation, November 2023
Slide 1: Investor Presentation 3Q 2023
INVESTOR PRESENTATION 3Q 2023
Slide 2: About Odaş
About Odaş 2
Slide 3: About Odaş
ABOUT ODAS Odaş is a group of companies operating in energy, mining and tourism sector with a vertically integrated business structure. Energy Division The leading operation among its main lines of business is electricity generation. Çan2 CFPP ODAŞ adopted a medium-scale, yet profit-oriented electri
Slide 4: Shareholding Structure
SHAREHOLDING STRUCTURE BURAK ALTAY NUMBER OF 16% ODAS SHAREHOLDING STRUCTURE % SHARE BAHATTİN ÖZAL 5% BB ENERJİ YATIRIM BURAK ALTAY 221.397.487,56 15,81% SANAYİ VE TİC. A.Ş. BAHATTİN ÖZAL 68.199.226,56 4,87% 3% BB ENERJİ YATIRIM OTHER 39.619.143,26 2,83% (PUBLICLY SANAYİ VE TİC. A.Ş TRADED) 76% OTHE
Slide 5: Energy Sector
Energy Sector 5
Slide 6: Energy Highlights
ENERGY HIGHLIGHTS Installed Capacity Based on Energy Resources in Turkey Total Installed Capacity Based in Turkey (MW) Other 120.000 2% 105.661 Geothermal 100.000 Solar 2% 10% Lignite&Coal 21% 80.000 Wind 11% 60.000 Natural Gas 24% 40.000 Hydro 30% 20.000 0 Lignite&Coal Natural Gas Hydro Wind Geothe
Slide 7: Energy Sector Highlights: Spot Prices
ENERGY SPOT PRICE HIGHLIGHTS Average Spot Energy Prices Comparison Spot Energy Prices in Turkey TRY vs USD Quarterly TRY/MWh USD/MWh TRY/MWh 4000 3000 160 144 3.545 3500 140 2500 2504 3.074 2209 3000 120 2.786 2000 104 100 2500 2.079 1.978 1500 80 2000 1.767 56 60 1.418 1500 1000 48 46 40 500 ENERGY
Slide 8: MSP vs Spot Prices
MSP* vs SPOT PRICES TRY/MWh 4.500 4.000 3.851 3.724 3.470 3.500 3.431 3.438 3.000 3.067 2.803 2.500 2.340 2.308 2.384 2.193 2.412 2.330 2.163 2.050 2.059 2.057 1.771 1.907 1.831 2.059 2.000 1.977 2.251 2.007 2.180 2.126 1.763 1.826 1.624 1.500 1.370 1.488 1.800 1.412 1.453 1.000 1.278 1.200 500 0 Ap
Slide 9: Energy Assets
Energy Assets 9
Slide 10: Electricity Generation & Sector Overview
ELECTRICITY GENERATION & SECTOR OVERVIEW Generation by Percentage (9M 2023) According to TEİAŞ data, as of 30.09.2023, the total installed power in the sector increased by 3.029 MW compared to 30.09.2022 period and became 105,302 MW (3% increase) Considering the installed thermal power plants, it is
Slide 11: Çan2 CFPP
ÇAN2 CFPP
Slide 12: Çan2 CFPP – 330 MW
ÇAN2 CFPP – 330 MW The Çan-2 Thermal Power Plant which was commissioned in August 2018 is Odas’ Flagship Power Plant and comprises about 65% of Group’s total installed capacity, has ensured that production is beneficial by using local coal resources. KEY HIGHLIGHTS Capacity: 340MWm/330 Mwe Environme
Slide 13: Çan2 CFPP – 330 MW
ÇAN2 CFPP – 330 MW Çan-2 Coal Fired PP is the most competitive based-load power plant in Turkey. Thanks to its the highest average calorific value among other local coal fired power plants. # Company Location Fuel Type TPP Projects Installed Capacity Kcal/kg TECHNICAL BACKGROUND (MW) 1 ODAŞ Canakkal
Slide 14: Çan2 CFPP – Environmental Highlights
ÇAN2 CFPP – 330 MW – ENVIROMENTAL HIGHLIGHTS Çan-2 Thermal Power Plant has been completed all neccessarry obligations within the scope of enviromental licences. Environmental Permit and License Certificate Enviromental Impact Assserment Report 14
Slide 15: Çan2 CFPP – Integrated Management Certificates
ÇAN2 CFPP – 330 MW – INTEGRATED MANAGEMENT CERTIFICATES ISO 45001:2018 ISO 5001:2018 Occupational Health & Safety Management System Energy Management System Certificate Certificate ISO 9001:2015 Quality Management System Certificate ISO 14001:2015 ISO 27001:2017 Enviromental Management System Certif
Slide 16: Uzbekistan Natural Gas Power Plant
UZBEKISTAN NATURAL GAS POWER PLANT 16
Slide 17: Uzbekistan Natural Gas Power Plant Investment
UZBEKISTAN NATURAL GAS POWER PLANT INVESTMENT GWh Uzbekistan NGPP Energy Generation Odas’ second largest energy asset is Uzbekistan Natural Gas Energy (Quarterly) Investment with a planned installed capacity of 174 MW. 292.009 300.000 250.000 229.835 234.562 The Power Plant is located on district of
Slide 18: Şanlıurfa Solar Power Plant
ŞANLIURFA SOLAR POWER PLANT The Şanlıurfa Solar Power Plant was commissioned in January 2014 and has been operating in Şanlıurfa with total installed capacity of 0,25 MW. 18
Slide 19: Mining Assets
Mining Assets 19
Slide 20: Precious Metals Gold & Silver Resources
PRECIOUS METALS GOLD&SILVER RESOURCES
Slide 21: Precious Metals - Gold & Silver Resources
PRECIOUS METALS - GOLD & SILVER RESOURCES Group holds Antimony and Gold License in Kütahya district, Karaağaç, Cebrail, and Uğurluca. Karaağaç license is the main and the most significant metal resource of groups precious metal operations. Gold Resource Summary Location Karaağaç 348k Ons Resource Au
Slide 22: Antimony & Antimony Metal Mining
ANTIMONY & ANTIMONY METAL MINING
Slide 23: Antimony & Antimony Metal Mining
ANTIMONY & ANTIMONY METAL MINING Antimony is considered as a Strategic Metal characterized with its economic importance and supply risk. Area of use: • It is alloyed with lead to increase the strength of lead. • Batteries, low friction metals, cable sheaths. Antimony compounds are used for flame res
Slide 24: Gypsum & Flyash Trade
GYPSUM & FLYASH TRADE
Slide 25: Gypsum and Flyash: What We Do
Gypsum Gypsum is a byproduct of the energy generation process as it occurs disseminated in limestones during the energy generation process of Coal Fired Power Plant. It is a very common sulfate mineral of great commercial importance. Area of use: - Drywall - Cement production Flyash Flyash is a bypr
Slide 26: Tourism Division
TOURISM DIVISION Odaş decided to evaluate the investment opportunities in Tourism field in order to develop the existing fields of activity within group: • to increase the income diversity of our group • to search for investments that will contribute to the income diversity of the group in these fie
Slide 27: Financial Highlights
Financial Highlights 27
Slide 28: Consolidated Financial Summary
Consolidated Financial Summary (TRL Mn) 3Q2023 3Q2022 Y/Y ∆ 9M2023 9M2022 Y/Y ∆ 2022 YE 2021YE Y/Y ∆ Net Sales 1.686 2.167 -22% 4.555 4.813 -5% 7.640 1.446 428% Gross Profit 499 1.279 -61% 1.228 2.611 -53% 3.207 382 739% Gross Profit Margin 30% 59% -0.29 pp 27% 54% -0.27 pp 42% 26% 0.16 pp Operating
Slide 29: Consolidated Financial Summary
Consolidated Financial Summary Mn TRY Total Assets Mn TRY Total Equity Mn TRY Total Financial Liabilities 16.000 12000 3.000 13.674 2.501 14.000 9.554 2.383 10000 2.500 12.000 11.449 2.087 8000 2.000 1.867 10.000 6.453 8.000 6.969 6000 1.500 6.000 3.663 4000 1.000 4.000 3.232 3.406 2000 500 291 2.00
Slide 30: Consolidated Net Financial Debt/EBITDA
Consolidated Net Financial Debt/EBITDA (x) 8,0 7,3 7,0 6,0 5,8 5,0 4,0 3,0 2,0 1,0 0,3 -0,4 0,0 2020 2021 2022 Annualized -1,0 (4Q2022-3Q2023) Annualized 2020 2021 2022 (4Q2022-3Q2023) EBITDA (Mn TRY) 284 399 3.317 1854 NET FINANCIAL DEBT (Mn TRY) 2.079 2.328 907 -808 NET FINANCIAL DEBT / EBITDA (x)
Slide 31: Consolidated Financial Statements
Consolidated Financial Statements ODAS CONSOLIDATED BALANCE SHEET ODAS CONSOLIDATED INCOME STATEMENT Assets (TRL Million) 9M2023 2022 2021 2020 Consolidated Income Statement 9M2023 9M2022 3Q2023 3Q2022 2022 2021 2020 Cash & Cash Equivalents 1105 1.476 173 15 (Mn TRL) 2002 536 236 180 Net Sales 4555
Slide 32: Disclaimer
DISCLAIMER This document has been prepared for informational purposes only and Odaş Elektrik Üretim Sanayi Tic.A.Ş. (The Company) makes no representation or warranty regarding the accuracy or completeness of the information contained in the presentation. The information contained in this document is
Slide 33: Thank You
Thank You For More Information: ir@odasenerji.com 33
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