Aksa Enerji Üretim : 1H23 Earnings Presentation August 202
August 16, 2023 at 07:27 am EDT
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1H 2023 Earnings Presentation
16 August 2023
OPERATIONAL PROCESS SUPPORTING MARGIN RATIOS
Key Highlights - 1H23
TL million
Quarterly- 2Q23 vs 2Q22
Net Sales
EBITDA
Net Income
Net Financial Debt
Cumulative 1H23 vs 1H22
Net Sales
EBITDA
Net Income
2Q23
2Q22
q/q
5,214
12,676
-59%
1,349
1,813
-26%
1,409
1,283
2%
9,602
6,896
39%
1H23
1H22
y/y
13,508
18,568
-27%
3,021
3,320
-9%
2,253
2,653
-5%
1H23
1Q22
y/y
Performance Benchmarks
Gross Margin
22%
15%
7 pp
1H23
EBITDA Margin
22%
18%
4 pp
Net Fin. Debt / EBITDA
1.53x
1.43x
Net Fin. Debt / Equity
40%
48%
-8 pp
2
FOREIGN OPERATIONS' CONTRIBUTION TO EBITDA AT %59
Regional Breakdown
TL million
Domestic
Foreign
Share of Foreign
Quarterly- 2Q23
Net Sales
3,805
1,409
EBITDA
559
790
Profit Before Tax
1,019
792
Net Sales
EBITDA
27%
59%
47%
Note: Foreign operations include Africa and Uzbekistan operations. Northern Cyprus operations are included in domestic operations
3
PERFORMANCE SUPPORTED BY FOREIGN CURRENCY-BASED PRICING FOR AFRICA AND CYPRUS POWER PLANTS
Regional Breakdown
Domestic
Foreign
Total
Quarterly- 2Q23
Sales Volume (GWh)
1,928
1,526
3,454
Sales Price (TL/MWh)
1,926
1,011
1,522
Domestic
Foreign
Total
Cumulative- 6M23
Sales Volume (GWh)
4,566
3,079
7,645
Sales Price (TL/MWh)
2,331
946
1,773
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 (6M23)
Sales Price by Channel (TL/MWh)
3,018
2,947
5%
362
2,394
GWh
2,308
1,877
2.080
44%
2,241
1,512
1,506
3,079
GWh
GWh
32%
919 1,089
1,276
GWh
18%
Northern
BSM (Spot
Affiliated DisCoOTC&Bilateral*
Foreign
Cyprus
Market)
6M23
6M22
Northern Cyprus
BSM (Spot Market)
Affiliated DisCo
OTC&Bilateral
Foreign
Note: Company internal data. Foreign includes Africa and Uzbekistan in 3M23. Excludes intercompany eliminations applied in CMB consolidated financials and also excludes
anciliary services (secondary frequency control mechanism)
5
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Disclaimer
Aksa Enerji Uretim AS published this content on 16 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2023 11:26:03 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 
