Aksa Enerji Üretim : YE22 Earnings Presentation 01 March 2023
March 03, 2023 at 02:29 am EST
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YE 2022 Earnings Presentation
1 March 2023
FINANCIAL LEVERAGE AT ALL TIME LOW WITH 1.12x
Key Highlights - 12M22
TL million
Quarterly- 4Q22 vs 4Q21
Net Sales
EBITDA
Net Income
Net Financial Debt
Cumulative-12M22
Net Sales
EBITDA
Net Income
4Q22
4Q21
q/q
11,908 5.565 114%
1,264
867
46%
649
866
-24%
7,365
4,545
62%
12M22
12M21
y/y
45,638
13,887
229%
6,559
2,609
151%
4,562
1,680
172%
12M22
12M21
y/y
KPIs-12M22
Gross Margin
12%
15%
-0,3 pp
EBITDA Margin
14%
19%
-0,4 pp
Net Fin. Debt / EBITDA
1.12x
1.74x
Net Fin. Debt / Equity
38%
43%
-0,4 pp
2
FOREIGN OPERATIONS' CONTRIBUTION TO EBITDA AT 47%
Regional Breakdown
TL million
Domestic
Foreign
Quarterly- 4Q22
Net Sales
10,785
1,123
EBITDA
671
593
Profit Before Tax
688
285
TL million
Domestic
Foreign
Cumulative-12M22
Net Sales
41,207
4,431
EBITDA
3,393
3,166
Profit Before Tax
3,322
2,659
Note: Foreign operations include Africa and Uzbekistan operations. Northern Cyprus operations are included in domestic operations
Share of Foreign
9%
47%
29%
Share of Foreign
10%
49%
44%
3
HIGHER SPOT PRICES IN TURKEY ACCOMPANIED BY FX BASED TARIFFS IN FOREIGN OPERATIONS
Regional Breakdown
Domestic
Foreign
Total
Quarterly- 4Q22
Sales Volume (GWh)
3,326
1,591
4,826
Sales Price (TL/MWh)
3,209
728
3,937
Domestic
Foreign
Total
Cumulative- 12M22
Sales Volume (GWh)
17,872
4,920
22,792
Sales Price (TL/MWh)
2,259
960
3,219
Note: Company internal data. Excludes intercompany eliminations applied in CMB consolidated financials, includes anciliary services (secondary frequency control mechanism)
Foreign operations include Africa and Uzbekistan operations. Northern Cyprus is included in domestic operations
4
STRONG RECOVERY IN DOMESTIC SALES PRICES
Sales Channel Breakdown
Net Sales Volume by Channel (12M22)
Sales Price by Channel (TL/MWh)
3%
2,908
18%
467
2,450
2,231
3,329
GWh
2,099
GWh
1,832
2,891
48%
1,268
960
GWh
16%
584
638
8,696
438
2,618
GWh
GWh
Northern
BSM (Spot
Affiliated DisCo OTC&Bilateral
Foreign
15%
Cyprus
Market)
12M22
12M21
Northern Cyprus
BSM (Spot Market)
Affiliated DisCo
OTC&Bilateral
Foreign
Note: Company internal data. Foreign includes Africa and Uzbekistan in 12M22 (only Africa in 12M21). Excludes intercompany eliminations applied in CMB consolidated
financials and also excludes anciliary services (secondary frequency control mechanism)
5
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Aksa Enerji Uretim AS published this content on 03 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2023 07:28:08 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.