Aksa Enerji Üretim : Energy 2021 Analyst Day Presentation
August 24, 2021 at 07:54 pm IST
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ANALYST DAY PRESENTATION
20 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
2
(**) 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
740 MW POWER PLANTS IN UZBEKISTAN TO BE OPERATIONAL BY 2021 YE
Uzbekistan Project - Key Highlights
25 year power purchase agreement (PPA) including guaranteed capacity
payment in USD terms signed with the Ministry of Energy of Uzbekistan
TO BE COMPLETED IN 12 MONTHS
on May'20 regarding 240 MW natural gas combined cycle (CCGT) power
plant in Tashkent, the capital of Uzbekistan
On 20 January 2021, above mentioned agreement has been amended with 230 MW capacity expansion and additionally, another agreement has been signed regarding construction of 270 MW CCGT in Bukhara.
Both agreements involve sale of the energy generated in these power plants based on a USD denominated guaranteed capacity payment for a duration of 25 years
Power Plant Equipments to be relocated from existing power plants where possible
Low CAPEX
Use of idle equipment to increase revenues and overall production
Natural gas to be provided by Uztransgaz, the natural gas supply company of Uzbekistan
Lower commercial risk
No need for cash or bank line for procurement
No logistic need for transportation of natural gas
No need for storage
4
Uzbekistan Project - Current Status - Tashkent A UPDATE
5
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Aksa Enerji Uretim AS published this content on 24 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2021 14:23:02 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.