Can2 Termik A.s. · BIST:CANTE
Can2 Termik A.s — Q3 2023 Earnings Presentation
20 slides from Can2 Termik A.s's earnings presentation, October 2023
Slide 1: 3Q2023 Investor Presentation
3Q2023 Investor Presentation
Slide 2: About Çan2 Termik CFPP
About . an2 Termik = F Pp Pp ESE Lapseki Gokceada Ganakkale Ezine Bayramig
Slide 3: Çan2 Termik at a Glance
ÇAN2 TERMIK AT A GLANCE Çan2 Thermal Power Plant, which was commissioned in August 2018 Total Capacity and accounts for 68% of the total installed capacity in Odaş Group's # Company Location Fuel Power Plants (MW) Kcal/kg electricity generation portfolio, is the most competitive power plant 1 ODAŞ C
Slide 4: Shareholding Structure
SHAREHOLDING STRUCTURE Publicly Traded Çan2 Termik A.Ş. Ortaklık Yapısı Pay Adedi % 49% Odaş Elektrik Üretim Sanayi Tic. A.Ş. 410.127.500 %51,27 Odaş Elektrik Üretim Sanayi Tic. A.Ş. Publicly Traded 389.872.500 %48,73 51% Total 800.000.000 %100,00 BORSA ISTANBUL (BIST) TICKER CANTE REUTERS TICKER CA
Slide 5: Çan2 Termik Environmental Highlights
ÇAN2 TERMIK ENVIRONMENTAL HIGHLIGHTS Çan2 Termik Santrali, çevre lisansı kapsamında gerekli tüm yükümlülüklerini tamamlamıştır. Environmental Permit and License Certificate Enviromental Impact Assserment Report 5
Slide 6: Çan2 Termik Integrated Management System Certificates
ÇAN2 TERMIK INTEGRATED MANAGEMENT SYSTEM CERTIFICATES ISO 50001:2018 ISO 45001:2018 Energy Management Occupational Health & System Certificate Safety Management System Certificate ISO 9001:2015 Quality Management System Certificate ISO 14001:2015 ISO 27001:2017 Enviromental Information Security Mana
Slide 7: Energy Sector Highlights
Energy Sector Highlights
Slide 8: Installed Capacity
INSTALLED CAPACITY Installed Capacity Based on Energy Resources in Turkey Total Installed Capacity Based in Turkey (MW) Other 120.000 2% 105.661 Geothermal 100.000 Solar 2% 10% Lignite&Coal 21% 80.000 Wind 11% 60.000 Natural Gas 24% 40.000 Hydro 30% 20.000 0 Lignite&Coal Natural Gas Hydro Wind Geoth
Slide 9: Energy Spot Price Highlights
ENERGY SPOT PRICE HIGHLIGHTS Average Spot Energy Prices Comparison Spot Energy Prices TRY vs USD Quarterly TRY/MWh USD/MWh TRY/MWh 4000 3000 160 144 3.545 140 3500 2500 2504 3.074 2209 120 3000 2.786 2000 104 100 2500 2.079 1500 80 1.978 2000 1.767 56 60 1000 48 46 1500 1.418 40 40 500 506 1000 837
Slide 10: MSP vs Spot Prices
MSP* vs SPOT PRICES TRY/MWh 4.500 4.000 3.851 3.724 3.470 3.500 3.431 3.438 3.000 3.067 2.803 2.500 2.340 2.308 2.384 2.193 2.412 2.330 2.163 2.050 2.059 1.831 2.057 1.771 1.907 2.059 2.000 1.977 2.251 2.007 2.180 2.126 1.763 1.826 1.624 1.500 1.370 1.488 1.800 1.412 1.453 1.000 1.278 1.200 500 0 Ap
Slide 11: Çan2 Termik CFPP
Çan2 Termik CFPP
Slide 12: Operational Highlights – Energy Generation
OPERATIONAL HIGHLIGHTS – ENERGY GENERATION Çan2 Termik Energy Generation – Quarterly Çan2 Termik Energy Generation – 9M Çan2 Termik Energy Generation – Annually (GWh) (GWh) (GWh) 2.500 600 2.000 569 565 2.305 1.800 1.756 500 1.999 1.600 2.000 1.866 1.367 1.400 400 1.200 1.500 300 1.000 800 1.000 200
Slide 13: Consolidated Financial Summary
CONSOLIDATED FINANCIAL SUMMARY INCOME STATEMENT SUMMARY (TRL Mn) 9M2023 9M2022 Y/Y ∆ 3Q2023 3Q2022 Y/Y ∆ 2022 YE 2021YE Y/Y ∆ Net Sales 3.496 3.217 9% 1.341 1.229 9% 5.812 1.193 387% Gross Profit 781 1.281 -39% 337 383 -12% 2.076 328 534% Gross Profit Margin 22% 40% 25% 31% 36% 27% Operating Income
Slide 14: Consolidated Financial Summary
CONSOLIDATED FINANCIAL SUMMARY MnTRY MnTRY Total Assets Total Equity Total Financial Liabilities 7921 12000 8000 7593 2500 2300 10.269 2227 10000 2000 6000 5553 7593 1627 8000 1500 5553 6000 4000 2756 1000 4000 2756 2000 2000 500 147 0 0 0 2020 2021 2022 9M2023 2020 2021 2022 9M2023 2020 2021 2022 9
Slide 15: Consolidated Net Debt / EBITDA (x)
CONSOLIDATED NET DEBT / EBITDA (x) 7,00 6,21 6,00 6,22 5,00 4,00 3,00 2,00 1,00 0,91 -0,10 0,00 2020 2021 2022 Annualized 4Q2022-3Q2023 -1,00 2020 2021 2022 Annualized 4Q2022-3Q2023 EBITDA 261 367 2225 1702 NET FINANCIAL DEBT 1626 2276 2018 -165 NET FINANCIAL DEBT / EBITDA (x) 6.22 6.21 0.91 -0.1 15
Slide 16: Consolidated Financial Statements
CONSOLIDATED FINANCIAL STATEMENTS ÇAN2 TERMİK A.Ş. CONSOLIDATED BALANCE SHEET Assets (TRL Million) 9M2023 2022 2021 2020 Cash & Cash Equivalents 312 209 24 1 Trade Receivables 2377 915 155 118 Trade Receivables from Related Parties 544 499 29 12 Trade Receivables from Third Parties 1833 Inventory 88
Slide 17: Consolidated Financial Statements
CONSOLIDATED FINANCIAL STATEMENTS ÇAN2 TERMİK A.Ş. CONSOLIDATED BALANCE SHEET Liabilities (TRL Million) 9M2023 2022 2021 2020 Financial Liabilities 0 0 82 46 Short Term Financial Lease Liabilities 4 0.8 0.4 - Short Term Part of Long Term Liabilities 49 294 543 280 Other Financial Liabilities 7 0.8 3
Slide 18: Consolidated Income Statement
KONSOLİDE FİNANSAL TABLOLAR ÇAN2 CONSOLIDATED INCOME STATEMENT Consolidated Income Statement (Mn TRL) 9M23 9M22 3Q23 3Q22 2022 2021 2020 Net Sales 3496 3217 1341 1229 5812 1193 740 Cost of Sales -2715 -1936 -1004 -846 -3736 -865 -527 Gross Profit 781 1281 337 383 2076 328 212 General & Administrativ
Slide 19: Disclaimer
DISCLAIMER This document has been prepared for informational purposes only and Çan2 Termik A.Ş (The Company) makes no representation or warranty regarding the accuracy or completeness of the information contained in the presentation. The information contained in this document is subject to change wi
Slide 20: Thank You
THANK YOU For more information, please contact us [email protected]