Biotrend Cevre Ve Enerji Yatirimlari As · BIST:BIOEN
Biotrend Cevre Ve Enerji Yatirimlari As — Biotrend Çevre ve Enerji Yatırımları A.Ş. — Investor Presentation (March 2023)
34 slides from Biotrend Cevre Ve Enerji Yatirimlari As's investor presentation, Mar 31, 2023
Slide 1: Investor Presentation
Investor Presentation 31 March 2023
Slide 2: Ajanda
02 Ajanda Company Overview Financial Overview Q&A Annex
Slide 3: Presenters
03 Presenters Özgür Umut Eroğlu Burak Polat Gözde Çivici CEO CFO, ACCA, SMMM Investor Relations Director and Secretary General • 2021-2023: Livemedy Partner • 2022-2023 Doğanlar Mobilya Group-CFO • 2020-2021 TSKB – Corporate Finance Senior Manager • 2017-2023: Enerpion Founding Partner & CEO • 2019-
Slide 4: 1. Company Overview
1. Company Overview
Slide 5: Developments since 2022
Company Overview 05 Developments since 2022 Significant progress in capacity increase of Upcycling Facility Investment in collaboration Carbon Credit Contract signed with Mundo Application to EMRA for Electricity Storage facilities with Honeywell Verde Doğanlar Yatırım Holding A.Ş., the Company’s In
Slide 6: Developments in 2022
Company Overview 06 Developments in 2022 Issuance of a Sustainable Sukuk The ratio of women on the Board of Directors Biotrend was included in Borsa İstanbul A Sustainability Office was established, and reached 33% and Biotrend became a signatory Corporate Governance Index. Biotrend was selected to
Slide 7: Shareholding Structure
Company Overview 07 Shareholding Structure Biotrend Shareholding Structure About Doğanlar Holding A.Ş. 5.9% European Bank For Reconstruction & Development (EBRD) 37.8% Publicly Traded 54.5% Doğanlar Holding 1.8% Osman Nuri Vardı Source: KAP *Doğanlar Mobilya Grubu (Doğtaş Kelebek ) with its old name
Slide 8: 2023/Q1 - Biotrend at a Glance
Company Overview 08 2023/Q1- Biotrend at a Glance Total Facilities * Waste Disposal Average remaining YEKDEM term Total Installed Capacity Other existing and planned activities other than energy production** 100% of our facilities in production benefit from the old YEKDEM CO2 Emission Prevention Car
Slide 9: Growth-Oriented Business Model
Company Overview 9 Growth-Oriented Business Model 18 19 19 12 1.231 8 39% 5 33% 33% 34% 25% 427.7 481.6 341.6 245.3 236.4 82.2 140.9 79.5 85.4 2018 2019 2020 2021 2022 2023/Q1 2020 2021 2022 2022 Q1 2023 Q1 Total Number of Plants EBITDA Margin Net Sales EBITDA *2022/Q1-2023Q1 181.3 181.3 181.3 530.3
Slide 10: Biotrend Facilities
Company Overview 10 Biotrend Facilities Giresun Bursa Çanakkale (2 facilities) Sivas (2 facilities) Balıkesir (2 facilities) 11 6 Integrated waste BPP Aksaray management and BPP** İzmir Uşak (3 facilities) Malatya (3 facilities) Aydın (2 facilities) Hatay 1 1 Solid fuel Greenhouse preparation * Incl
Slide 11: Fields of Operation
Company Overview 11 Fields of Operation Energy Sanitary Generation Landfill Plastic Pollution Biogas Solutions Production Chemical Landfill Gas Upcycling Production Refuse-Derived Greenhouse Fuel Farming Heat Sales Compost Production Mechanical Solar Electricity Carbon Trading Separation and Generat
Slide 12: Fields of Operation: Current and Planned Operations
Company Overview 12 Fields of Operation Current Operations Planned Operations Energy Generation Integrated Energy Management Biogas and Biomass Electricity Storage Solar Electricity Generation Integrated Waste Management Heat Sales Sanitary Landfill Greenhouse Farming Fuel Production Compost Chemica
Slide 13: Our Strategy and Growth Goals
Company Overview 13 Our Strategy and Growth Goals • Ensuring maximum use of • Seizing opportunities with • Evaluating various acquisition • Cyclical raw material sales available licensed power strategic global partnerships opportunities in Turkey and started at Bergama and Uşak generation capacity a
Slide 14: Carbon Credit Projects Overview
Company Overview 14 Carbon Credit Projects Overview Carbon Credit Projects Carbon Credit Projects • Carbon Credit Projects started as of 2021 with the Harmandalı, # SPV Facility Name Certification Program Balıkesir and Uşak facilities. 1 Doğu Star Malatya- 1 Landfill Gas (Orduzu) • Greenhouse gas re
Slide 15: Sustainability Approach
Company Overview 15 Sustainability Approach Sustainability Strategy In coordination with the Company strategy, Biotrend has built on alignment with the 2030 and 2050 goals compatible with the green, circular, and digital transformation requirements as per the United Nations 2030 Sustainable Approach
Slide 16: Sustainability Approach
Company Overview 16 Sustainability Approach Approach: In 2023, Biotrend will implement biodiversity Approach: Biotrend is committed to doing business with the Approach: Biotrend aims to become the locomotive programs to be carried out jointly with universities and non- principles of inclusiveness, e
Slide 17: Sustainability Management
Company Overview 17 Sustainability Management CFA Climate Finance Accelerator Establisment of Sustainability Office, Program– UN GC Climate Ambition Establishment of the Sustainability Program Committee, Efforts to Participate in Borsa İstanbul Sustainability Index We became a signatory of UN Women.
Slide 18: UN GC Climate Ambition Accelerator Program: Climate Finance Accelerator
Company Overview 18 Sustainability – UN GC - Climate Ambition Accelerator Program: 2022-2023 – Climate Finance Accelerator Program 2022 European Union’s 2050 carbon neutral target Turkey’s 2053 net zero target Under CFA (Climate Finance Accelerator) Program, among apprx.100 projects Biotrend was cho
Slide 19: 2. Financial Overview
2. Financial Overview
Slide 20: Revenue
Financial Overview 20 Revenue 1,336.00 341,6 9% 44.5% 1,230.9 188% 236,4 74% 427.7 245.3 2020 2021 2022 2023 Q1 LTM 2022 Q1 2023 Q1 46% 1.230,9 37% 84% 427.7 341,6 367,5 5% 12% 16% 236.4 301 69 41.3 93.4 36,2 2021 FX Impact Increase in Other Carbon Credit 2022 2022 Q1 FX Impact Kur etkisi Karbon Car
Slide 21: Profitability
Financial Overview 21 Profitability 20.9% 32.1% 34.6% Gross Profit Margin% Gross Profit Margin % 1% 71.5 425.9 429.22 28.8% 28.8% 245% 4.9% 27.6% 68.1 123.3 67.8 81% 2020 2021 2022 2023 Q1 LTM 2022 Q1 2023 Q1 25% 39.1% 36.5% EBITDA Margin % EBITDA Margin% 2% 85.4 481.6 487.5 242% 33.6% 33.0% 7.4% 33
Slide 22: COGS & Operating Expenses
Financial Overview 22 COGS& Operating Expenses COGS / Revenue% Operating Expenses / Revenue % %79,1 %71,2 6% 6% 4% 10% 11% 8% 9% 10% 15% %7 %8,7 13% 16% 12% %33,7 %38,8 48% %4,1 %2,3 34% %12,6 %11,7 %49,6 %47,2 2021 2022 2021 2022 Belediye Ciro Turnover Municipality Payı Share Amortisman Dep. & Amor
Slide 23: Operating Profit (million TRY)
Financial Overview 23 Operating Profit (million TRY) 28.3 47,9 -32,4 83.3 382,9 371.4 50.9 335 343.1 Operating Profit FX gain/loss Operating Profit Kur farkı hariç Operating Profitfaaliyet KurFXfarkı gelir / gideri Faaliyet karı Kur farkı hariç Operating faaliyet Kur FX Profit farkı gelir / gideri g
Slide 24: Net Profit
Financial Overview 24 Net Profit 197,2 260,4 197,2 368 49,9 311,3 368 59,4 23,4 24.6 4,0 2.7 25.3 4.0 2019 2020 2021 2022 2019 2020 2021 2022 Profits Vergi before Öncesi Nettax Kar(excl.one-off) (tek seferlik gelir hariç) One-off Tek seferliksubsidiary sale istirak satış profit karı NetNet KarProfit
Slide 25: Investments
Financial Overview 25 Investments 894,3 1.700,6 1.953,8 1.146,1 1.125 823.7 436,1 279,6 221.6 898,2 638,2 214.5 70.6 554.5 828,6 282 2020 2021 2022 2023 2020 2021 2022 2023 Ongoing investments Yapılmakta olan yatırımlar Maddi Fixedduran Assetsvarlıklar Yoy Hariç excl.Ongoing Investments • Foreign cu
Slide 26: Net Financial Debt
Financial Overview 26 Net Financial Debt Net Financial Indebtedness (TRY million) 31.12.2021 31.12.2022 31.03.2023 Short-Term Bank Loans 0,1 0,0 117,0 Short-Term Portion of Long-Term Bank Loans 189,1 441,7 388,9 Other Short Term Financial Indebtedness 2,3 3,1 19,9 Short-term financial indebtedness 1
Slide 27: 2023 Guidance
027 Financial Overview 2023 Guidance Total Consolidated Revenues Installed Capacity (MWe) Average Installed Capacity (MWe) Gross Electricity Generation (MWh) Net Electricity Generation (MWh) Electricity Capacity Utilisation Rate Net Financial Debt/ EBITDA
Slide 28: 3. Q&A
3. Q&A
Slide 29: 4. Annexes
4. Annexes
Slide 30: Balance Sheet
Annexes 30 Balance Sheet Million TRY Cash and Cash Equivalents 31.12.2020 101.8 31.12.2021 170.9 31.12.2022 27.6 31.03.2023 73.70 Trade Receivables 30.2 104.4 336.4 383.62 Stocks 4.4 63.7 116.7 160.35 Prepaid expenses 63.9 242.7 547.7 521.26 Other 36.6 101.3 139.4 170.44 Current Assets 236.9 682.9 1
Slide 31: Income Statement
Annexes 31 Income Statement Million TRY 2020 2021 2022 2022 Q1 2023 Q1 Revenue 245,30 427,70 1.230,87 236,428 341.55 Cost of Sales -177,50 -304,37 -805,00 - 168,295 -270.08 Gross Profit 67,80 123,34 425,88 68,133 71.48 General Administrative Expenses -20,80 -39,91 -78,33 -16,174 -29.46 Marketing Exp
Slide 32: Awards
Annexes 32 Awards Bronze Award in the Sustainable Energy category at Turkey’s Happiest Workplace” Award in the Renewable “Renewable Energy Brand of the Year” award at the Energy and Natural Resources Summit Our Energy is Our the EBRD Sustainability Awards 2022 Energy industry Turkey Innovation and S
Slide 33: Disclamier
Annexes 33 Disclamier The information contained in this presentation is generally state that the data contained in such sources this presentation should be handled with discretion. manager or employee can be held responsible for the provided by Biotrend Çevre ve Enerji Yatırımları A.Ş is obtained fr
Slide 34: Thank you
yatirimci.iliskileri@biotrendenerji.com.tr Biotrend Investor Relations +90 216 693 03 80 Gözde Çivici www.biotrendenerji.com.tr Investor Relations Director & Secretary General Aysun Vardan Investor Relations Manager Thank you
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