Aydem Yenilenebilir Enerji As · BIST:AYDEM
Aydem Yenilenebilir Enerji As — Aydem Renewables — Q1 2026 Earnings Presentation
26 slides from Aydem Yenilenebilir Enerji As's earnings presentation, Mar 31, 2026
Slide 1: Aydem Renewables Investor Presentation Q1 2026
Aydem Renewables Investor Presentation Q1 2026
Slide 2: Sustainable Value-Creating Business Model
2 | Aydem Renewables, Investor Presentation Q1 2026 Sustainable Future Results and Value-Creating Outlook Developments Business Model
Slide 3: Sustainable Value-Creating Business Model
Sustainable Value-Creating Business Model
Slide 4: #1 Turkish Pure-Play Renewable Energy Company
4 | Aydem Renewables, Investor Presentation Q1 2026 SUSTAINABLE VALUE-CREATING BUSINESS MODEL #1 Turkish Pure-Play Türkiye’s Leading Renewable Energy Company1 Renewable Energy 7% SOLAR 70% Company Aydem Renewables portfolio has HYDRO2 1,210 MW 22% WIND generated 846 GWh in Q1 2026 1% GEOTHERMAL Ayde
Slide 5: Playing a Strategic Role in Turkey's Energy Sector and Future
5 | Aydem Renewables, Investor Presentation Q1 2026 SUSTAINABLE VALUE-CREATING BUSINESS MODEL Playing a Strategic Role in Turkey’s Energy Sector and Future The growth of Turkish GDP… …drives electricity demand... ...with material further upside Real GDP (USD bn)¹ Electricity demand (TWh)² Electricit
Slide 6: Factors that Affect Performance (Price)
6 | Aydem Renewables, Investor Presentation Q1 2026 SUSTAINABLE VALUE-CREATING BUSINESS MODEL Factors that Affect Performance (Price) MCP YEKDEM Market Clearing Price Feed-in Tariff (FiT), Renewable Energy Resources Support Mechanism Comparison of Market Clearing Price (MCP) - YEKDEM - AUF (USD/MWh)
Slide 7: Factors that Affect Performance (Precipitation)
7 | Aydem Renewables, Investor Presentation Q1 2026 SUSTAINABLE VALUE-CREATING BUSINESS MODEL Factors that Affect Performance (Precipitation) Türkiye’s Water and Agricultural Year Precipitation: Normals vs. Historical Comparison Precipitation (mm) 700 Aydem Renewables portfolio has generated 600 846
Slide 8: High Performance, Modern and Young Assets
8 | Aydem Renewables, Investor Presentation Q1 2026 SUSTAINABLE VALUE-CREATING BUSINESS MODEL High Performance, Modern and Young Hydro Wind Assets Availability Rate (%) Availability Rate (%) 99.8% 99.9% 99.9% 99.5% 99.5% 99.6% 99.5% 99.4% Industry leading operational performance and availability Q1
Slide 9: Future Outlook
Future Outlook
Slide 10: Sizable Geographically Diverse Portfolio
10 | Aydem Renewables, Investor Presentation Q1 2026 Solar FUTURE OUTLOOK Usak Hybrid SPP Usak Wind Tokat Sizable Usak WPP Hydro Duzce Akinci HPP Hydro Yalova Sivas Geographically Aksu HPP Wind Hydro Giresun Yalova WPP Koyulhisar HPP Hydro Cirakdami HPP Dereli HPP Diverse Portfolio Black Sea 22% Mar
Slide 11: Installed Capacity Evolution with Future Targets (2023-2027)
11 | Aydem Renewables, Investor Presentation Q1 2026 FUTURE OUTLOOK HYDRO WIND GEOTHERMAL SOLAR BATTERY STORAGE Storage Battery Total Planned 500 MWh INSTALLED CAPACITY 2027 Installed Capacity Target Renewable Investments - 1,338 MW 400 MW PP 100 MW Installed Capacity Evolution with (incl. Battery S
Slide 12: Results and Developments
Results and Developments
Slide 13: De-risked Business Model with Strong Cash Flow and USD-Based Income
13 | Aydem Renewables, Investor Presentation Q1 2026 RESULTS AND DEVELOPMENTS De-risked 75.9% of the hydro installed capacity, of which 27.2% 25% of the Generation from Power Plants Subject to FIT Strong Balance Sheet Structure (31 March 2026) directly1 and 48.6% Business indirectly2 benefits from t
Slide 14: Comparison (2026 vs. 2025)
14 | Aydem Renewables, Investor Presentation Q1 2026 RESULTS AND DEVELOPMENTS Comparison (2026 vs. 2025) Average Sales Price of Power Plants Total Generation (GWh) FIT Eligible Generation (GWh) Spot Generation (GWh) (TL/MWh)* +80% +1% +144% -1% Q1 2025 Q1 2025 Q1 2025 Q1 2025 471 210 261 2,905 77 $/
Slide 15: Key Indicators
15 | Aydem Renewables, Investor Presentation Q1 2026 RESULTS AND DEVELOPMENTS Key Gross Profit (TL mn) Margin (%) Operating Profit (TL mn) Margin (%) Indicators 587 772 564 584 (2026 – 2025) 17% 21% 16% 16% HIGHLIGHTS Q1 2025 Q1 2026 Q1 2025 Q1 2026 The sale and issuance of the bond, with a nominal
Slide 16: Annexes
Annexes ANNEX 1 Summary of Consolidated Tables (TFRS) ANNEX 2 Awards and Achievements ANNEX 3 Power Plant based Net Generation ANNEX 4 Energy Transition and Sustainability at the Core ANNEX 5 Developments - Subsequent Period ANNEX 6 Total Installed Capacity – Detailed ANNEX 7 Young Portfolio with Lo
Slide 17: Annex 1 - Summary of Consolidated Tables (TFRS)
17 | Aydem Renewables, Investor Presentation Q1 2026 ANNEXES Annex 1 - Summary of Consolidated Tables (TFRS) Summary Statement of Financial Position (TL million) Summary of Profit or Loss Statement (TL million) 31 December 31 March 31 March 31 December 2025 31 March 31 March 2025 2026 2025 (as annou
Slide 18: Annex 2 - Awards and Achievements
18 | Aydem Renewables, Investor Presentation Q1 2026 ANNEXES Aydem Renewables Annex 2 - Awards Silver Stevie Award! Aydem Renewables’ 2024 Integrated Annual Report recognized as Best Annual Report under Publications Awards for Public Companies at the 22nd Annual International Business Awards and Ach
Slide 19: Annex 3 - Energy Transition and Sustainability at the Core
19 | Aydem Renewables, Investor Presentation Q1 2026 ANNEXES Annex 3 - Energy Transition and Sustainability at the Core 1 2 3 4 The highest rated company Deeply invested in empowering amongst BIST Electricity Index local communities – in 2023 Corporate governance 50% female representation constituen
Slide 20: Annex 4 - Power Plant based Net Generation
20 | Aydem Renewables, Investor Presentation Q1 2026 ANNEXES Annex 4 - Power Plant based Net Generation Plant Name 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 2023 2024 2024 2024 2024 2025 2025 2025 2025 2026 (GWh) Actual Actual Actual Actual Actual Actual Actual Actua
Slide 21: Annex 5 - Developments - Subsequent Period
21 | Aydem Renewables, Investor Presentation Q1 2026 ANNEXES Annex 5 - Developments - Subsequent Period • As a result of the rating study conducted by SAHA Corporate Governance and Credit Rating Services Inc. to evaluate the level of compliance with the 'Corporate Governance Principles' issued by th
Slide 22: Annex 6 - Total Installed Capacity - Detailed
22 | Aydem Renewables, Investor Presentation Q1 2026 ANNEXES Annex 6 - Total Installed Capacity - Detailed PROJECT NAME INSTALLED CAPACITY (MWe) LOCATION END OF LICENSE DATE END OF FIT (YEKDEM) 2025 FIT (YEKDEM) HYDRO1 Bereket 1-2 HPP Denizli /Honaz 18.11.2036 Dalaman 1-2-3-4-5 HPP Muğla / Dalaman 1
Slide 23: Annex 7 - Young Portfolio With Long Remaining Contracted Asset Life
23 | Aydem Renewables, Investor Presentation Q1 2026 ANNEXES Annex 7 - Young Portfolio With Long Remaining Contracted Asset Life HYDRO WIND GEOTHERMAL SOLAR HYDRO WIND Remaining license life1 Years Remaining FiT period1,3 Years Adiguzel (62.0 MW) 40.1 11 years Akinci (99.0 MW) 2.8 Kemer (48.0 MW) 40
Slide 24: Contact
24 | Aydem Renewables, Investor Presentation Q1 2026 Contact Investor Relations Tel : +90 258 242 27 76 investorrelations@aydemenerji.com.tr https://www.aydemrenewablesinvestorrelations.com.tr/en Headquarters Adalet Mahallesi Hasan Gonullu Bulvari No:15/1 Merkezefendi / Denizli - Turkiye https://www
Slide 25: Disclosure Note
25 | Aydem Renewables, Investor Presentation Q1 2026 Disclosure Note All of the information and data in this presentation Information contained in this presentation does not were prepared only to provide information and constitute an invitation to buy/sell Aydem contain forward-looking statements th
Slide 26: https://www.aydemrenewablesinvestorrelations.com.tr/en
https://www.aydemrenewablesinvestorrelations.com.tr/en