Aksa Enerji Üretim : 1H21 Earnings Presentation 18 August 2021
August 18, 2021 at 04:24 pm IST
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1H 2021 Earnings Presentation
18 August 2021
RECORD - HIGH INCOME POSITIVELY IMPACTED BY RECOVERY IN DOMESTIC OPERATIONS
Key Highlights - 1H21
TL million
Quarterly- 2Q21 vs 2Q20
Net Sales
EBITDA
Net Income
Net Financial Debt
Cumulative-1H21
Net Sales
EBITDA
Net Income
2Q212Q20
2,6201,620
616337
280148
2,886
2,632 (*)
1H211H20
4,7643,467
1,099709
488222
1H211H20
q/q
62%
83%
90%
10%
y/y
37%
55%
119%
y/y
KPIs-1H21
Gross Margin
19%
17%
EBITDA Margin
23%
20%
Net Fin. Debt / EBITDA
1.53x (**)
1.76x (*)
Net Fin. Debt / Equity
52%
57% (*)
+2.3 pp
+2.6 pp
-4.9 pp
(*) As of YE20
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(**) Rolling EBITDA
FOREIGN OPERATIONS' CONTRIBUTION TO EBITDA AT 59%
Regional Breakdown
TL million
Domestic
Foreign
Quarterly- 2Q21
Net Sales
2,190
430
EBITDA
263
353
Profit Before Tax
181
237
TL million
Domestic
Foreign
Cumulative-1H21
Net Sales
3,972
792
EBITDA
450
649
Profit Before Tax
247
433
Note: Foreign operations include Africa operations only. Northern Cyprus and energy trade operations at Iraq & Georgia are included in domestic operations
Share of Foreign
16%
57%
57%
Share of Foreign
17%
59%
64%
3
FX BASED PRICE TARIFFS IN AFRICA AND NORTHERN CYPRUS SUPPORTIVE OF OPERATIONS
Regional Breakdown
Domestic
Foreign
Total
Quarterly- 2Q21
Sales Volume (GWh)
5,204
265
5,469
Sales Price (TL/MWh)
428
1,616
485
Domestic
Foreign
Total
Cumulative- 1H21
Sales Volume (GWh)
10,513
467
10,980
Sales Price (TL/MWh)
390
1,735
447
Note: Company internal data. Excludes intercompany eliminations applied in CMB financials. Sales volume data based on «net sales»
Foreign operations include Africa operations only. Northern Cyprus is included in domestic operations
4
ACROSS THE BOARD RECOVERY IN SALES PRICES
Sales Channel Breakdown
Sales Volume by Channel (1H21)
Sales Price by Channel (TL/MWh)
Includes 294 GWh & 103
1,735
GWh export to Iraq and
Georgia respectively
4% 3%
354
1,515
467 GWh
GWh
1,031
35%
3,795
748
GWh
57%
373 295
363
136
6,228
266 267
283
GWh
GWh
1%
Northern
BSM (Spot
Affiliated DisCo OTC&Bilateral
Africa
Cyprus
Market)
Northern Cyprus
BSM (Spot Market)
1H21
1H20
Affiliated DisCo
OTC&Bilateral
Africa
Note: Company internal data. Excludes intercompany eliminations applied in CMB financials. Sales volume data based on «net sales»
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Aksa Enerji Uretim AS published this content on 18 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2021 10:53:10 UTC.
Aksa Enerji Uretim AS is a Turkey-based Independent Power Producer (IPP) company, engaged in the production and sale of energy. It has over 1.5 gigawatt (GW) of installed capacity with Natural Gas, Fuel Oil, Hydroelectric Power plants and Wind parks put in operation domestically and abroad. It provides project development and design, supply of equipment, engineering, construction, installation and erection, operation and application, spare parts and maintenance services. Its subsidiaries include Rasa Elektrik Uretim AS, Deniz Elektrik Uretim Limited Sirketi, Baki Elektrik Uretim Limited Sirketi, Rasa Enerji Uretim AS, Idil Iki Enerji Sanayi ve Ticaret AS, Ayres Ayvacik Ruzgar Enerjisinden Elektrik Uretim Santrali Ltd Sti, Alenka Enerji Uretim ve Yatirim Ltd Sti and Aksa Goynuk Enerji Uretim AS. The Company is a member of Kazanci Holding companies.
AKSA ENERJI ÜRETIM 
