Managing Director, RWE & Turcas Güney Elektrik Üretim A.Ş.
Mr. Batu AKSOY
CEO & Board Member, Turcas Petrol A.Ş.
Turcas Kuyucak Geothermal Power Generation
Chairman, Turcas Kuyucak Jeotermal Elektrik Üretim A.Ş.
•
Key Highlights
15:50 - 16:15
•
Operational Performance
Mr. Erkan İLHANTEKİN
CFO, Turcas Petrol A.Ş.
Board Member, Turcas Kuyucak Jeotermal Elektrik Üretim A.Ş.
Q&A
16:15 - 16:45
Turcas: 90 years of History: Full of Strong Partnerships
Turcas
Corporate
Profile
Business Portfolio
Market
Position
Oil & Energy focused Investment Company;
Extensive know-howand long-termpresence in the Turkish energy market;
Hard assets in Fuel Retails & Lubricants, Conventional Power, Renewable Power;
Priority on Financial Deleveraging and then FX-Driven Ventures.
54.5% owned by Aksoy Holding; traded on Borsa Istanbul since 1992;
A history full of strong partnerships with global major players;
Corporate Governance Rating: 9.61 / 10; #1 energy company in the BIST CG index.
Joint Venture with
Joint Venture with
Joint Venture with
Holding 30% shares of
Holding 30% shares of
Turcas Kuyucak (1)
Holding 13.1%(2) shares of
Shell & Turcas JV
RWE & Turcas JV
18 MW Geothermal
ATAŞ Oil Terminal
since 2006
since 2009
Power Plant
since 1970
Shell & Turcas: #1 in Under-the-Canopy sales, #1 in Throughput;
RWE & Turcas: Owner and operator of the 800 MW Denizli CCPP;
Turcas Kuyucak Geothermal: Owner and operator of the 18 MW Aydin GEPP;
ATAŞ: 3rd largest Oil Terminal in Turkey with a total capacity of 570K m3.
A Share Purchase Agreement ("SPA") dated December 21, 2021 has been signed between Albioma SA, a French energy company listed on the Euronext Paris Stock Exchange, and Turcas Petrol A.Ş. with regards to the sale of %100 of the shares in Turcas Kuyucak. Please see the relevant Public Disclosure for further details.
Includes Turcas' indirect ownership through Shell & Turcas.
2
Energy Investment Holding with a Diversified Portfolio
TRCAS.TI / IS
Free Float: 28%
1,122 Nationwide Shell
Branded Fuel Stations
800 MW
18 MW
&
Gas Fired
Geothermal
Lubricants Plant
Power Plant
Power Plant*
in Derince
Note: Turcas has both a direct (5%) and indirect (8.1%) stake (via STAŞ) in ATAŞ (total: 13.1%)
Equity Pick Up Consolidation under IFRS Full Consolidation under IFRS
*A SPA has been signed on 21 Dec. 21' with regards to sale of 100% of the shares. Please see the relevant Public Disclosure for further details.
3
Business Lines by Numbers - 9M21 & [3Q21]
Fuel Distribution & Lubricants
VOLUME (1)
NET SALES
EBITDA (2)
NET PROFIT
4.9 MM
36,288
1,699
312
m3
MM TL
MM TL
MM TL
Shell & Turcas
in 9M21
in 9M21
in 9M21
in 9M21
[2.1 MM m3 in 3Q]
[15,841 MM TL in 3Q]
[746 MM TL in 3Q]
[268 MM TL in 3Q]
Power Generation
3.0 MMM
1,392
188
148
kWh
MM TL
MM TL
MM TL
RWE & Turcas
in 9M21
in 9M21
in 9M21
in 9M21
[1.2 MMM kWh in 3Q]
[712 MM TL in 3Q]
[135 MM TL in 3Q]
[124 MM TL in 3Q]
59 MM
57
42
-0.8
kWh
MM TL
MM TL
MM TL
Kuyucak
in 9M21
in 9M21
in 9M21
in 9M21
Geothermal
[18 MM kWh in 3Q]
[18 MM TL in 3Q]
[12 MM TL in 3Q]
[5 MM TL in 3Q]
For Shell & Turcas: Includes Onsite B2C Fuels, Onsite B2B Fuels, Commercial Fuels , LPG, Lubricants. Excluding Supply Third Party Sales.
For Turcas Kuyucak; Net FX losses on capex related trade payables amounting to 7 MM TL have been classified as financing expense.
4
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Turcas Petrol AS published this content on 29 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 December 2021 12:56:07 UTC.
Turcas Petrol AS is a Turkey-based investment company, focused in the oil and energy sector. Its joint venture, Shell and Turcas Petrol, is engaged in retail and commercial sales, marketing and distribution of fuel products and lubricants. Its joint venture, RWE and Turcas South Power Generation, operates a natural gas fired combined cycle power plant in the city of Denizli, Turkey. The Company also develops geothermal, solar and wind power projects and invests in a geothermal power plant site at Aydin district, Turkey under the name of Turcas Kuyucak Geothermal Power Generation. Its segments are: Oil, which includes lubricants, engine oil and fuel products; Electricity, which consists of the production, wholesale and distribution of electricity products, and Natural Gas, which consists of wholesale business of natural gas. Its subsidiaries include: Turcas Enerji Holding AS, Turcas Elektrik Uretim AS, Turcas Elektrik Toptan Satis AS and Turcas Yenilenebilir Enerji Uretim AS.