ASELSAN ELEKTRONIK SANAYI VE TICARET ANONIM SIRKETI Investor Presentation
October 2023
Türkiye and ASELSAN's Place in Global Defense
As being the 2nd biggest army in NATO, Türkiye has a healthy growth rate of defense budget.
2022 Top 10 Defence Spenders and Türkiye | Military Spending of Türkiye (5 year averages) |
USA | 877 |
China | 292 |
Russia | 86 |
India | 81 |
Saudi Arabia | 75 |
United Kingdom | 68 |
Germany | 56 |
France | 54 |
Korea, South | 46 |
Japan | 46 |
… | |
… | |
Türkiye | 11 |
* SIPRI
Military Spending as a % of GDP (Türkiye)
%3,0 | 1.400 | |||||||||
%2,5 | %2,7 | |||||||||
GDPof%aas | %2,4 | terms)nominal | ||||||||
%2,5 | 1.200 | |||||||||
%2,1 | %2,1 | |||||||||
%1,9 | %1,9 | %1,9 | %1,2 | 1.000 | ||||||
%1,8 | ||||||||||
%2,0 | 800 | |||||||||
SpendingMilitary | %1,5 | 600 | (BillionGDP$ - | |||||||
%1,0 | 400 | |||||||||
%0,5 | 200 | |||||||||
%0,0 | 0 | |||||||||
*SIPRI, TÜİK 2013 | 2014 | 2015 2016 | 2017 2018 2019 2020 2021 | 2022 |
(Billion $)
18,00
16,00
14,00
12,00
10,00
8,00
6,00
4,00
2,00
0,00
* SIPRI
ASELSAN Global Defense Ranking
49. | 47. | ||||||||||
48. | |||||||||||
52. | 48. | ||||||||||
57. | 55. | ||||||||||
58. | |||||||||||
62. | |||||||||||
67. | |||||||||||
74. | 2022 | ||||||||||
2020 | 2021 | ||||||||||
2017 | 2018 | 2019 | |||||||||
2013 | 2014 | 2015 | 2016 | ||||||||
2012 | * Defense News Top 100 | ||||||||||
2
Shareholder Structure
Shareholder Structure
ASELSAN is the biggest defense company listed on BIST and it is the only quoted company among TAFF affiliates.
Turkish Armed | |
Free Float | Forces Foundation |
(TAFF) | |
(BIST) 25,80% | |
74,20% | |
Turkish Armed Forces Foundation (TAFF)
TAFF BOARD OF TRUSTEES
-President (Chairman)
-Vice President
- Minister of National Defense
- Chief of General Staff
- President of Defence Industry Agency
TAFF
OUR SHAREHOLDERS
Our Shareholders | Share Amount (TL) |
TAFF | 3.383.302.497,84 |
BIST | 1.176.697.502,16 |
TOTAL | 4.560.000.000,00 |
ASELSAN | TUSAŞ | ROKETSAN | HAVELSAN | ASPİLSAN | İŞBİR |
- TAFF was established by the merger of Land, Navy and Air Forces Foundations.
- TAFF's objective is to enhance the warfare capability of Turkish Armed Forces through national defense industry.
- TAFF owns several defense companies operating in separate fields.
- The only privilege of the shares owned by TAFF is nominating 6 members of the 9 members of Board of Directors.
3
Facilities
GÖLBAŞI | MACUNKÖY | AKYURT | BOSB TEMELLİ |
FACILITIES | FACILITIES | FACILITIES |
181.905 M2 INDOOR AREA | 132.014 M2 INDOOR AREA | 126.676 M2 INDOOR AREA | 28.535 M2 INDOOR AREA |
665.802 M2 LAND AREA | 186.848 M2 LAND AREA | 635.309 M2 LAND AREA | 381.730 M2 LAND AREA |
RADAR AND ELECTRONIC | COMMUNICATIONS AND INFORMATION | MICROELECTRONICS, GUIDANCE | DEFENSE SYSTEM TECHNOLOGIES |
VICE PRESIDENCY | |||
TECHNOLOGIES VICE PRESIDENCY | AND ELECTRO-OPTICS VICE PRESIDENCY | ||
WARFARE SYSTEMS VICE PRESIDENCY | |||
DEFENSE SYSTEM | TRANSPORTATION, SECURITY, | ||
TECHNOLOGIES VICE PRESIDENCY | ENERGY, AUTOMATION AND HEALTHCARE | ||
SYSTEMS VICE PRESIDENCY |
GENERAL MANAGEMENT
4
Field of Activities
COMMUNICATION | MICROELECTRONICS | RADAR, ELECTRONIC | DEFENSE SYSTEMS | TRANSPORTATION, |
INFORMATION | GUIDANCE and | SECURITY, ENERGY, | ||
WARFARE | TECHNOLOGIES | |||
TECHNOLOGIES | ELECTRO-OPTICS | AUTOMATION and HEALTHCARE | ||
Military Communications
Public Safety
Communications
Satellite & Space
Systems
Cryptology & IT
Solutions
Avionic Systems | Radar Systems | Air & Missile Defense | Security |
Electro-Optic Systems | Electronic Warfare | Land Weapon Systems | Transportation & |
Energy | |||
Unmanned Vehicles | Special Mission | Command Control (C4ISR) | Smart Systems |
Aircrafts | |||
Guidance Systems
Microwave Products | Naval Systems | Healthcare |
Technologies
Microelectronics
5
Türkiye's Leading High Technology and Defense Company
Growth in exports and high potential in non-defense
Attractive market | areas |
fundamentals of |
Turkish defense
Large product
range with
strong order
backlog
High-tech capabilities and R&D focus
Experienced senior
management
Supportive regulatory framework
FX-long position
ASELSAN offers a broad portfolio of capabilities and technologies for Turkish Armed Forces and Türkiye's security services that range from undersea to outer space and into cyberspace
6
How ASELSAN Creates Value?
Geopolitical Location of Türkiye
- Priotize Nationalization
- Government Policies
Pioneer of Defense Industry in Türkiye
✓ First Mover Advantage
✓ No Local Competitors
Strong and Sustainable Backlog ✓ Organic Growth via Product
Diversification
✓ Exports
✓ Non-Defense Expansion
Profitable Growth
- Innovation
- Neat Execution
- High Calibre Work Force
- Excellence in Subcontractor Cooperation
7
Major Projects Signed in 2023
Name of Project
Aircraft Modernization
Naval Warfare Systems for
MILGEM 6-8 Frigates
Tank Systems
Radar Procurement
Border and Homeland Security
Project
City Security Management System
Sistemi
Name of Customer
TAI
TAIS OG and STM Joint Venture
BMC
Defence Industry Agency
Defence Industry Agency
Defence Industry Agency
Amount
21 Billion TL +
1,2 Billion USD
2,3 Billion TL +
205 Million EUR
1,396 Billion TL +
197 Million EUR
977 Million TL +
97 Million USD
1,4 Billion TL +
50 Million USD
929 Million TL +
76 Million EUR
8
Our Domestic Affiliates
Mikroelektronik (İstanbul) Ownership: %85 Foundation: 2004, (Partnership 2010) Partner: İTÜ ETA Vakfı
İstanbul
DASAL (İstanbul) Ownership: %49 Foundation: 2019, (Partnership 2020) Partner: Altınay A.Ş.
İstanbul Finans ve Teknoloji Üssü (İstanbul) | Ankara | ||
Ownership: %44 | |||
Foundation: 2022 | |||
Partners: T.C Cumhurbaşkanlığı Finans Ofisi, | |||
İbn Haldun Üni., | |||
Bilişim Vadisi Teknopark Yönetici A.Ş., | |||
Marmara Üni. Rekt., İstanbul Üni. | |||
TÜYAR (İstanbul) | Konya | ||
Ownership: %51 | |||
Foundation: 2017 | |||
Partners: TUBİTAK, SSB | |||
ASELSAN Konya (Konya) | |||
Ownership: %51 | |||
Foundation: 2018 | ASELSAN Sivas | ||
Partner: Konya Savunma | ASPİLSAN A.Ş. | ||
Hassas Optik (Sivas) | |||
Sanayii | (Kayseri) | ||
Ownership: %80 |
Foundation: 2014 | Ownership: %1 |
Foundation: 1981 | |
Partner: Sivas Optik | |
Partner: TSKGV | |
Malzemeleri | |
Sivas
Kayseri
ROKETSAN | |
ASELSANNET | (Ankara) |
(Ankara) | Ownership: %15 |
Ownership: %100 | Foundation: |
Foundation: | 1988 |
2004 | Partner: TSKGV |
BİTES A.Ş. (Ankara) Ownership: %100 Foundation: 2005, (Partnership 2019)
TR Eğitim ve Teknoloji A.Ş.
(Ankara) Ownership: %35 Foundation: 2018, (Partnership 2019) Partners: TUSAŞ, Roketsan
TEKNOHAB A.Ş. (Ankara) Ownership: %13,04 Foundation: 2018 Partners: SSTEK, HAB, Gazi Üni.
TUSAŞ, Havelsan, Roketsan
ASELSAN Global (Ankara)
Ownership: %100
Foundation: 2019
ULAK A.Ş. (Ankara)
Ownership: %51
Foundation: 2017
Partners: SSTEK, Havelsan
ASELSAN Bilkent Mikro Nano (Ankara)
Ownership: %50
Foundation: 2014
Partner: Bilkent Üniversitesi
EHSİM A.Ş.
(Ankara)
Ownership: %50
Foundation: 1998, (Partnership 2019) Partners: Havelsan,
SSTEK
9
9
Our Foreign Affiliates
ASELSAN UKRAINE
Ownership: %100
Foundation: 2020
ASELSAN MACEDONIA BRANCH
Ownership: %100
Foundation: 1998
ASELSAN MIDDLE EAST (Jordan)
Ownership: %49
Foundation:2012
Partner: KADDB Investment Group
CYPRUS BRANCH | ASELSAN SAUDI ARABİA |
OFFICE | |
Ownership: %100 | |
Ownership: %100 | |
Foundation: 2018 | |
Foundation: 2017 | |
ASELSAN SOUTH AFRICA | |
Ownership: %100 | |
Foundation: 2011 |
KAZAKHSTAN ASELSAN ENGINEERING
Ownership: %49
Foundation:2011
Partner: Kazakhstan Engineering Foundation
ASELSAN BAKÜ
Ownership: %100
Foundation: 1998
ASELSAN QATAR
Ownership: %100
Foundation: 2021
BARQ QSTP (Katar)
Ownership: %48
Foundation:2018
Partners: %51 Barzan, %1 SSTEK A.Ş.
ASELSAN PAKİSTAN | ASELSAN MALAYSIA |
OFFICE | Ownership: %100 |
Ownership: %100 | Foundation: 2017 |
Foundation: 2021 |
IGG ASELSAN INTEGRATED SYSTEMS
(BAE) Ownership: %49 Foundation:2011
Partner: International Golden Group(IGG)
10
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Aselsan Elektronik Sanayi ve Ticaret AS published this content on 31 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2023 17:10:35 UTC.
