Alfa Solar Enerji Sanayi Ve Ticaret A.s. · BIST:ALFAS
Alfa Solar Enerji Sanayi Ve Ticaret A.s — Investor Presentation (2024)
55 slides from Alfa Solar Enerji Sanayi Ve Ticaret A.s's investor presentation, 2024
Slide 1: Investor Presentation
Your Sun, Your Energy, Your Technology INVESTOR PRESENTATION 1 January-31 December 2023 1 January-31 March 2024
Slide 2: Agenda
01 ABOUT ALFA SOLAR ENERGY 02 COMPANY ACTIVITIES 03 FINANCIAL AND OPERATIONAL INDICATORS 04 WHY ALFA SOLAR ENERGY 05 PLANNED INVESTMENTS AND TARGETS
Slide 3: About Alfa Solar Energy
QALFA ABOUT ALFA SOLAR ENERGY
Slide 4: Company Profile
Company Profile High quality solar power products for a carbon-free world Alfa Solar Energy has set an example to the world in the photovoltaic (PV) panel production facility with its experienced 1780 MWp technical staff in the Kırıkkale OIS, with its real understanding Annual Production Capacity of
Slide 5: Brief History
BRIEF HISTORY 2011 2014 2015 2016 2017 The company was registered with The construction of the main The company has increased its The company increased its paid-in In 2017, the company increased its the Ankara Trade Registry Office factory and machinery, which paid-in capital to TL 2,000,000 by capi
Slide 6: 2023 A strong year with new investments
2023 A strong year with new investments In 2023, the company increased its registered capital ceiling to 4,000,000,000 TL and updated the validity period to 2023-2027. Within the registered capital ceiling of 4,000,000,000 TL, the issued capital of 46,000,000 TL was increased to 368,000,000 TL, enti
Slide 7: 2024 developments
2024 Sure, here is the translation in an academic tone: The address of the Company Headquarters, as stated in Article 4 of the Company's Articles of Association, has been changed to "Büyükesat, Mahatma Gandhi Cd. No:74/1 Çankaya/Ankara," and the registration procedures related to this change have be
Slide 8: Shareholding Structure
Shareholding Structure Alfa Solar Energy; continues its activities with the power it receives from its partners. PARTNER'S NAME-SURNAME/TRADE SHARE IN SHARE IN CAPITAL TITLE CAPITAL (TL) (%) %23 Alfa Kazan Energy and Environmental Investments Inc. 283.360.001 %77 Public Shares 84.639.999 %23 %77 Tot
Slide 9: Subsidiary
Subsidiary Alfa Solar Enerji aims to diversify its investments to enrich its portfolio. Nature of The Company's Business Company's Company's Share Trade Name Issued Capital Relationship with Activity Share in Capital in Capital (%) the Company Ada GES Elektrik Üretim Solar Energy Electricity 4.000.0
Slide 10: Company Activities
QALFA COMPANY ACTIVITIES
Slide 11: PV Panel Production
PV Panel Production Production with advanced quality and high technology Alfa Solar manufactures photovoltaic solar panels, which are produced with many different cell technologies and sizes, and have different sizes and energy production values. 243.100.000 It produces photovoltaic modules, which b
Slide 12: PV Panel Sales
PV Panel Sales Loyal customer portfolio with solution partner approach The company is focused on its sole focus, solar panel production. By not operating in the field of solar power plant installation, it does not compete with the EPC companies that make up the largest customer portfolio and follows
Slide 13: PV Panel Sales
In addition to its own brand, Alfa Solar Energy makes OEM production for PV Panel Sales Turkiye's largest energy companies. The Company, which is preferred by large-scale energy companies operating in Turkey for its references and quality of OEM production, has allocated a significant portion of its
Slide 14: Electricity Generation and Sales
Electricity Generation and Sales The company aims to diversify its production portfolio in the field of renewable energy. Aiming to diversify its production portfolio on the path to sustainable growth, Alfa Solar Enerji acquired Ada GES Elektrik Üretim Anonim Şirketi on 11.09.2023. With this acquisi
Slide 15: Electricity Generation and Sales
Electricity Generation and Sales A target of investing in renewable energy plants with an installed capacity of 1 GW. Alfa Solar Enerji plans to achieve its target of investing in renewable energy plants with a total installed capacity of 1 GW in the medium term. In this context, the first investmen
Slide 16: Investments
Investments Production-based investments and controlled growth approach New Factory Investment With the new factory investment, an increase of 1490 MWp was achieved in capacity. At the beginning of the last quarter of 2022, the company completed the first phase investments of its new factory 1780 MW
Slide 17: Investments
Investments Generate your own electricity SPP Installation Alfa Solar Enerji is planning to establish a SPP that will meet the electricity needs of the Main Factory and the New Factory and produce as much as consumption; Within the scope allowed by current legislation, it has started to work on inst
Slide 18: Investments
Investments Growing with renewable energy investments Romania Investment Alfa Solar Enerji, aiming to expand into foreign markets, initially focused its attention on Romania. Considering the development of the solar energy sector in Romania, the Board of Directors decided on 04.09.2023 to make a Ren
Slide 19: Investments
Investments Alfa Solar Romania S.R.L. aims to achieve an installed capacity goal of 100 MWp Alfa Solar Romania 100 MWp 0 20 40 60 80 100 120 Construction Progress: 7.2% Completed Construction Process: 17.778 MWp Operational Facilities: 0 Salcia Solar Energy S.R.L Simian Solar Energy S.R.L 6,009 MWp
Slide 20: Investments
Investments The goal is to create additional value through new business areas and activities. Energy storage integrated SPP investment Alfa Solar Energy's energy storage integrated renewable energy (SPP) investment process is ongoing. Detailed information will be provided through the Public Disclosu
Slide 21: Financial and Operational Indicators
03 FINANCIAL AND OPERATIONAL INDICATORS
Slide 22: Financial Performance
Financial Performance Financial data for the period from January 31, 2023, to December 31, 2023 Revenue Mn (TL) Revenue Mn (TL) 8000 7.733 2023/1Q 1.294 2023/2Q 1.385 6000 2023/3Q 1.640 4.180 4000 2023/4Q 3.412 0 500 1000 1500 2000 2500 3000 3500 2000 At the end of 2023, there was an 85% 0 85% incre
Slide 23: Financial Performance
Financial Performance Financial data for the period from January 31, 2024, to March 31, 2024 Revenue Mn (TL) 2500 In the first quarter of 2024, there was 2.232 32% a 32% decrease in revenue compared to the same period of the previous 2000 year. 1.512 1500 The reason for this decrease in revenue is d
Slide 24: Financial Performance
Financial Performance Financial data for the period from January 31, 2023, to December 31, 2023 Gross Profit Mn (TL) Gross Profit Margin 25 2000 20 %20,81 85% 1.609 %20,76 15 1500 10 At the end of 2023, 5 there was an 85% 0 increase in gross 1000 867 2022 2023 profit compared to the previous year. 5
Slide 25: Financial Performance
Financial Performance Financial data for the period from January 31, 2024, to March 31, 2024 Gross Profit Margin Gross Profit Mn (TL) 20 500 15 %18 10 403 400 5 0 300 -5 -%8 -10 2023/1Q 2024/1Q 200 The reasons for the loss in gross profit are as follows: 100 1. It is a gross loss for a single period
Slide 26: Financial Performance
Financial Performance Financial data for the period from January 31, 2023, to December 31, 2023 Net Period Profit Mn (TL) Net Profit Margin 20 1200 %19,52 1.039 15 27% 1000 %13,44 10 816 800 5 At the end of 2023, there was a 27% 600 0 increase in net profit 2022 2023 compared to the previous year. 4
Slide 27: Financial Performance
Financial Performance Financial data for the period from January 31, 2024, to March 31, 2024 Net Period Profit Mn (TL) Net Profit Margin 20 300 281 10 %12,6 200 0 100 -10 -20 0 -%26 -30 2023/1Q 2024/1Q -100 -200 The reasons for the net loss are as follows: In addition to the factors affecting gross
Slide 28: Financial Performance
Financial Performance Financial data for the period from January 31, 2023, to December 31, 2023 EBITDA Mn (TL) EBITDA Margin 20 2000 %20,27 15 %18,57 69% 1.435 10 1500 5 At the end of 2023, there was a 69% 1000 0 increase in EBITDA 847 2022 2023 compared to the end of the previous year. 500 0 2022 2
Slide 29: Financial Performance
Financial Performance Financial data for the period from January 31, 2024, to March 31, 2024 EBITDA Mn (TL) EBITDA Margin 20 400 15 377 %16 10 300 5 0 200 -5 -10 -%11 100 -15 2023/1Q 2024/1Q 0 -100 -178 -200 2023/1Q 2024/1Q EBITDA*=Gross Profit- General Management Exp. - Marketing Exit. + Depreciati
Slide 30: Financial Performance
Financial Performance Financial data for the period from January 31, 2023, to December 31, 2023 Fixed Assets Equity 26.2% Assets Liabilities Equity Mn (TL) 53.9% 6000 Short Term 31.12.2023 Liabilities 5.075 31.12.2023 42.9% 5000 Long Term Liabilities 4000 Current Assets 3.2% 3.420 73.8% Fixed Assets
Slide 31: Financial Performance
Financial Performance Financial data for the period from January 31, 2024, to March 31, 2024 Fixed Assets Equity 26.2% Assets Liabilities Equity Mn (TL) 53.9% 6000 5.839 Short Term 5.355 31.12.2023 Liabilities 31.12.2023 42.9% 5000 Long Term Liabilities 4000 Current Assets 3.2% 73.8% 3.146 3000 2.69
Slide 32: Financial Performance
Financial Performance Financial data for the period from January 31, 2023, to December 31, 2023 Cash and Cash Equivalents Financial İnvestments Receivables Net Working 1.047 1.569 İnventories Mn (TL) Capital Mn (TL) 1400 1.352 1.358 4000 3.745 1200 2.797 1.030 3000 1000 Current Assets Short Term 200
Slide 33: Financial Performance
Financial Performance Financial data for the period from January 31, 2024, to March 31, 2024 Cash and Cash Equivalents Financial İnvestments Receivables Net Working 1.805 953 İnventories Mn (TL) Capital Mn (TL) 2000 6000 1.562 4.310 1500 Current Assets 4000 3.350 1.243 Short Term 1.184 Liabilities M
Slide 34: Financial Performance
Financial Performance Financial data for the period from January 31, 2023, to December 31, 2023 12/2023 Financial Debt Status Mn (TL) Long Term Financial Debts Financial Debt 300 36.1% Rates 288 250 Short-Term Portions Short Term 200 of Long-Term Financial Debts Financial Debts 55.6% 8.3% 150 Financ
Slide 35: Financial Performance
Financial Performance Financial data for the period from January 31, 2024, to March 31, 2024 03/2024 Financial Debt Status Mn (TL) Long Term Financial Debts Financial Debt 600 16.5% Rates 556 500 Short-Term Portions Short Term 400 of Long-Term Financial Debts 331 Financial Debts 58.6% 24.8% 300 Fina
Slide 36: Financial Performance
Financial Performance Financial data for the period from January 31, 2023, to December 31, 2023 Return On Equity (ROE) Annual Return On Assets (ROA) 80 %80 60 RATIO 2022 2023 40 %47 Current Ratio 1,60 1,72 %42 20 %24 Liquidity Ratio 1,13 1,06 0 Cash Ratio 0,80 0,65 2022 2023 Debt/Equity Ratio 1,05 0
Slide 37: Financial Performance
Financial Performance Financial data for the period from January 31, 2024, to March 31, 2024 Leverage Ratio (%) RATIO 31.12.2023 31.03.2024 0.50 0.40 0,48 0,46 Current Ratio 1,72 1,40 0.30 0.20 Liquidity Ratio 1,06 0,85 0.10 Cash Ratio 0,65 0,49 0.00 Debt/Equity Ratio 0,85 0,94 31.12.2023 31.03.2024
Slide 38: Operational Performance
Operational Performance Operational data from January 31, 2023, to December 31, 2023 Production Amount (MWp) 250.0 237 Production Amount (MWp) 800.0 204.8 794 164% 200.0 181 171 600.0 In 2023, there was a 150.0 164% increase in 400.0 production quantity compared to the 100.0 previous year. 300 200.0
Slide 39: Operational Performance
Operational Performance Operational data from January 31, 2024, to March 31, 2024 Production Amount (MWp) Pending Factory Orders 250.0 243,1 34% 200.0 298 MWp 181 In the first quarter of 150.0 2024, there was a 34% increase in production Our company has 100.0 quantity compared to approximately 298 M
Slide 40: Operational Performance
Operational Performance Operational data from January 31, 2023, to December 31, 2023 Sales Amount (MWp) 250.0 Sales Amount (MWp) 229.3 800.0 727.6 116% 200.0 173.9 600.0 161.4 162.9 In 2023, there was a 150.0 116% increase in sales 400.0 volume compared to 337 the previous year. 100.0 200.0 50.0 0.0
Slide 41: Operational Performance
Operational Performance Operational data from January 31, 2024, to March 31, 2024 Sales Amount (MWp) 250.0 227,8 41% 200.0 161,4 In the first quarter of 150.0 2024, there was a 41% increase in sales 100.0 volume compared to the same period of the previous year. 50.0 0.0 2023/1Q 2024/1Q
Slide 42: Operational Performance
Operational Performance Continuing capacity increases with the latest technological production line Annual Production Capacity (MWp) 1400 Capacity Increase Rates %125 1780 1780 1200 MWp 1000 %172 Annual production 800 790,7 capacity reached with the commissioning of 600 %55 the second phase of %100
Slide 43: Operational Performance
Operational Performance Operational data from January 31, 2023, to December 31, 2023 Employee Distribution (31.12.2023) Number of Employees 800 800 19% 60 White-collar 600 672 %7,5 In 2023, there was a 400 19% increase in the number of employees compared 200 to the previous year. 740 %92,5 Blue-coll
Slide 44: Operational Performance
Operational Performance Operational data from January 31, 2024, to March 31, 2024 Employee Distribution (31.03.2024) Number of Employees 800 800 736 8% 60 %7,5 White-collar 600 In the first quarter of 400 2024, there was an 8% increase in the number of 200 employees compared 740 to the same period o
Slide 45: Why Alfa Solar Energy
(QALFA 04 WHY ALFA SOLAR ENERGY
Slide 46: Value Added by Alfa Solar Energy to its Investors
Value Added by Alfa Solar Energy to its Investors Profitable Growth with Capacity increases to respond to increasing demand and business volume Increasing Investments Increased revenue with the increase in the company's awareness and competence 1.78 GWp production capacity 35 years of industry exper
Slide 47: Planned Investments and Targets
05 PLANNED INVESTMENTS AND TARGETS
Slide 48: Planned Investments
Planned Investments Alfa Solar Energy in America/Europe... There is an increasing demand for solar energy products within the scope of the decreasing solar energy costs, the ease of installation compared to other clean energy sources and the Net Zero Targets of the countries. Aiming to expand its sa
Slide 49: Planned Investments
Planned Investments Renewable energy investments for sustainable growth Alfa Solar Enerji aims to diversify its production portfolio on the path of sustainable growth. While doing this, it wants to continue its contribution to clean energy production and energy conversion. Realizing its investments
Slide 50: Planned Investments
Planned Investments Cell Production Investment Alfa Solar Energy, one of the important supporters of localization in production, wants to add new technologies to itself with its cell investment. Planning to make a cell investment, the Company aims to achieve vertical integration and increase the rat
Slide 51: Goals
Goals Expectations and Achievements in 2023 EXPECTATİONS FOR THE ACCOMPLİSHMENTS İN YEAR 2023 THE YEAR 2023 Production Capacity (Average) 1112 MWp/Year 1112 MWp/Year Capacity Utilization Rate (Average) %80 %71,35 Solar Panel Production and Sales 896 MWp 794 MWp Quantity (MWp) Revenue 6.500.000.000 T
Slide 52: Goals
Goals Expectations for the Year 2024 EXPECTATİONS FOR THE YEAR 2024 Production Capacity (Average) 1780 MWp/Year Capacity Utilization Rate (Average) %70 Solar Panel Production and Sales Quantity (MWp) 1246 MWp Revenue 10.000.000.000 TL
Slide 53: Legal Notice
Legal Notice This presentation has been prepared for informational purposes only, and contains forward-looking statements and statements that reflect the current views of the Company management regarding certain future events. The expectations and projections contained in these statements are believ
Slide 54: Contact Information
Contact Information Investor Relations Head Office Nazlı Gül Aktaş Büyükesat, Mahatma Gandhi St. No:74/1 Investor Relations Manager Çankaya/Ankara Tel: +90 312 230 32 57 Tel: +90 312 230 32 57 investorrelations@alfasolarenerji.com info@alfasolarenerji.com
Slide 55: Till the Last Day the Sun Rises!
Your Sun, Your Energy, Your Technology Till the Last Day the Sun Rises!
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