Aksa Enerji Üretim : 1H2022 Earnings Presentation 18 August 2022

1H 2022 Earnings Presentation

18 Aug 2022

STRONG GROWTH ACCOMPANIED BY LOW LEVERAGE

Key Highlights - 1H22

TL million

Quarterly- 2Q22 vs 2Q21

Net Sales

EBITDA

Net Income

Net Financial Debt

Cumulative-1H22

Net Sales

EBITDA

Net Income

2Q222Q21

12,676 2,620

1,813616

1,283280

6,8964,545(*)

1H221H21

18,568 4,764

3,3201,099

2,458488

1H221H21

q/q

384%

194%

358%

52%

y/y

290%

202%

404%

y/y

KPIs-1H22	Gross Margin	15%	19%
	EBITDA Margin	18%	23%
	Net Fin. Debt / EBITDA	1.43x	1.74x (*)
	Net Fin. Debt / Equity	48%	52% (*)
(*) As of YE21

-3.63 pp -5.18 pp

-3.78 pp

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FOREIGN OPERATIONS' CONTRIBUTION TO EBITDA AT 48%

Regional Breakdown

TL million		Domestic	Foreign
Quarterly- 2Q22	Net Sales	11,553	1,123

EBITDA

829

984

	Profit Before Tax	899	735
TL million		Domestic	Foreign
Cumulative-1H22	Net Sales	16,576	1,992

EBITDA

1,740

1,580

Profit Before Tax

1,832

1,357

Note: Foreign operations include Africa and Uzbekistan operations. Northern Cyprus operations are included in domestic operations

Share of Foreign

9%

54%

45%

Share of Foreign

11%

48%

43%

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HIGHER SPOT PRICES IN TURKEY ACCOMPANIED BY FX BASED TARIFFS IN FOREIGN OPERATIONS

Regional Breakdown

		Domestic	Foreign	Total
Quarterly- 2Q22	Sales Volume (GWh)	4,732	1,271	6,003

Sales Price (TL/MWh)

1,918

920

1,707

		Domestic	Foreign	Total
Cumulative- 1H22	Sales Volume (GWh)	9,984	1,948	11,932

Sales Price (TL/MWh)

1,672

1,089

1,577

Note: Company internal data. Excludes intercompany eliminations applied in CMB consolidated financials. Foreign operations include Africa and Uzbekistan operations. Northern Cyprus is included in domestic operations

4

STRONG RECOVERY IN DOMESTIC SALES PRICES

Sales Channel Breakdown

Sales Volume by Channel (1H22)

Sales Price by Channel (TL/MWh)

		3%
		2,394
	17%	283
	1,948	GWh	1,877
	GWh
				1,512	1,506	1,431
10%	1,152
GWh	1,031				1,089
		57%
13%	1,480	6,417	373	266	363
GWh	GWh
		Northern	BSM (Spot	Affiliated DisCo OTC&Bilateral	Foreign
		Cyprus	Market)
			1H22	1H21
Northern Cyprus	BSM (Spot Market)
Affiliated DisCo	OTC&Bilateral

Note: Company internal data. Foreig includes Africa and Uzbekistan. Excludes intercompany eliminations applied in CMB consolidated financials.

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