Galata Wind Enerji A.s. · BIST:GWIND
Galata Wind Enerji A.s — Q1 2023 Earnings Presentation
22 slides from Galata Wind Enerji A.s's earnings presentation, 2023
Slide 1: Investor Presentation Q1 2023
Investor Presentation Q1 2023 1
Slide 2: Index
Index 1 - TURKEY ENERGY MARKET 2 - OPERATIONAL DATA 3 - FINANCIAL DATA 2
Slide 3: Turkey Energy Market
O| TURKEY ENERGY MARKET GALATAWIND J
Slide 4: Turkey Installed Capacity | March 2023
Turkey Installed Capacity | March 2023 Total: 104.494 MW Installed Capacity SOLAR FUEL 0% TOOR BOT 9% COAL UNLICENSED 3% 0% PRODUCTION COMPANIES 21% HYDRO 31.583 9% WIND 11% 71.068 EÜAŞ INSTALLED CAPACITY NATURAL GAS 25.164 20% INSTALLED BY ENERGY CAPACITY BY RESOURCES ENERGY UTILITIES 24% COAL 22.0
Slide 5: Turkey Installed Capacity | December 2022 / March 2023
Turkey Installed Capacity | December 2022 / March 2023 +11 December 2022 INSTALLED CAPACITY BY ENERGY RESOURCES (MW) March 2023 31.572 31.583 +85 +3 25.079 25.164 22.079 22.082 +94 +395 11.396 11.490 +97 9.425 9.820 0 4.000 4.097 258 258 HYDRO NATURAL GAS COAL WIND SOLAR GEO/BIO FUEL +280 INSTALLED
Slide 6: Turkey Energy Generation | March 2023
Turkey Energy Generation | March 2023 Total: 76.989 MWh Energy Generation TOOR BOT SOLAR FUEL UNLICENSED GEO/BIO 5% 0% EÜAŞ 4% 1% 0% 6% COAL 30.070 11% PRODUCTION COMPANIES WIND 11% COAL 39% 64.165 GENERATION HYDRO 10.668 GENERATION BY BY ENERGY ENERGY UTILITIES RESOURCES NATURAL GAS 18.776 24% ATUR
Slide 7: Turkey Energy Generation | March 2022/2023
Turkey Energy Generation | March 2022/2023 GENERATION BY ENERGY RESOURCES (MWh) March 2022 March 2023 +1.500 28.570 30.070 -560 -7.108 17.776 19.336 18.776 -403 +68 +1.575 10.668 8.952 8.549 -54 4.765 4.833 2.399 3.974 173 119 COAL HYDRO NATURAL GAS WIND GEO/BIO SOLAR FUEL -2.231 GENERATION BY ENERG
Slide 8: Turkey Energy Market | Electricity Consumption
Turkey Energy Market | Electricity Consumption As of March 2023, electricity consumption has decreased as 4.8% compared to the previous year. 326.496 324.347 304.167 303.320 306.109 296.702 279.286 265.724 257.220 242.370 246.357 230.306 210.434 198.085 194.079 -4,8% 82.022 78.115 2008 2009 2010 201
Slide 9: Electricity Prices (2022 – 2023 PTF/AUF)
Elektirik Fiyatları (2022 – 2023 PTF/AUF) TL/MWh AVG. PRICES: 2022: 2.505,70 – 2022CAP: 1.425,56 – 2023: 2.787 – 2023CAP: 1.637 4.000 3.431,5 3.470,0 3.724,4 3.438,3 2022 Actual 3.500 3.066,6 3.850,6 2.802,7 2022 CAP 3.000 2.126,2 2.330,4 2023 Actual 2.500 2.340,1 1.830,6 1.763,0 2023 CAP 2.000 1.62
Slide 10: Operational Data
O? OPERATIONAL DATA GALATAWIND 9°
Slide 11: Galata Wind Portfolio
Galata Wind Portfolio Çorum SPP (Unlicensed) Taşpınar WPP Operational since March 2021 Şah WPP Mersin WPP Erzurum SPP 18th Biggest WPP Among first three WPP in Turkey in (Unlicensed) in Turkey terms of efficiency Mersin RES Şah RES Taşpınar RES Çorum GES Erzurum GES TOTAL Installed Capacity 62,7 MW
Slide 12: Key Operational Figures – WPP & SPP
Key Operational Figures– WPP & SPP Capacity Usage Factor % WPP Generation - GWh 55% 800 690 50% 700 45% 600 547 Galata Wind GWh 514 500 741 40% 400 35% 300 30% 196 200 25% 327 344 322 333 100 187 200 222 225 183 176 2 147 7765,454 7651,948 20% - 2019 2020 2021 2022 2022/03 2023/03 Türkiye Mersin RES
Slide 13: Operation | Generation
Operation | Generation Generation Growth (GWh) 793 800 745 14 39 13 700 41 Mersin WPP 601 147 183 Şah WPP 600 556 514 14 2 40 14 Taşpınar WPP 463 14 29 500 428 437 Erzurum SPP 421 386 384 Çorum SPP 400 322 333 326 327 344 317 Total 300 292 299 326 277 273 295 205 193 185 200 6 2 7 2 54 48 100 62 183
Slide 14: Financial Data
OS FINANCIAL DATA GALATAWIND J”
Slide 15: Financial Performance (Mio TL)
Financial Performance (Mio TL) Revenue (mio TRY) EBITDA (mio TRY) CapEx (mio TRY) Purchase of PPE & Intangible Assets 1.187 1.003 425 540 16% 428 4% 2.337% 335 290 337 264 257 268 110 86 43 2 2020 2021 2022 2022 2023 2020 2021 2022 2022 2023 2020 2021 2022 2022 2023 March March March March March Mar
Slide 16: Margins (%)
Margins (%) Gross Margin (%) EBITDA Margin (%) Net Debt/ EBITDA 1,8 82,0 85,2 84,5 88,5 73,5 78,0 78,7 79,2 79,5 73,1 1,1 -0,2 -0,1 -0,2 2020 2021 2022 2022 2023 2020 2021 2022 2022 2023 2020 2021 2022 2022 2023 March March March March March March ROA (%) ROE (%) Net Financial Debt/Equity 0,51 0,47
Slide 17: Financial Data | Balance Sheet
Financial Data | Balance Sheet Current Assets: Consolidated Financial Statement (mn TL) 31 March 2023 31 December 2022 % Change As of 31 December 2023, cash and cash equivalents increased by 15% and reached to TL 756,62 mn in line with the revenue growth. So, current assets has reached to TL 1.063 m
Slide 18: Financial Data | P&L Table
Financial Data | P&L Table Consolidated Income Statement (mn TL) 31 March 2023 31 March 2022 % Change Gross Profit: Revenue 337,13 290,02 16% Revenue has increased by 16% compared with the same period in 2022. Especially the increase in the USD/TL rate has a primary effect on the increase in our rev
Slide 19: Profit & Loss – Quarterly Period
Profit & Loss – Quarterly Period Income Statement Q1-2022 Q2-2022 Q3-2022 Q4-2022 Q1-2023 Q1-Q2 % Q2-Q3 % Q3-Q4 % 22Q4-23Q1 % Revenue 290,017,674 227,876,182 344,810,106 324,567,866 337.130.632 -21% 51% -6% 4% Cost of Sales (-) (42,857,015) (47,290,624) (71,006,304) (52,315,135) (74.300.897) 10% 50%
Slide 20: Financial Data | Loans
Financial Data | Loans Banka Hypovereinsbank (EKF) Hermes Loan Utilization Date 18.08.2017 30.06.2021 Loan Utilization Amount 14,5 mn EUR 20 mn EUR Remaining Principal Balance 7,8 mn EUR 16 mn EUR Interest Rate 0,65% 0,80% BITT/VAT - - 12 years maturity, 10 years maturity, principal and interest pri
Slide 21: Disclaimer
Disclaimer All information contained in this presentation ("Presentation"), which consists of documents and appendices, is provided by Galata Wind Enerji A.Ş. It has been prepared by GWIND to present information, insights and statements about the company (GWIND). The accuracy, adequacy and completen
Slide 22: Thank you!
GALATAWIND Thank you!
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