Investor Presentation
ENERGY & CLIMATE TECHNOLOGIES: DISTRIBUTION & RETAIL (ENERJİSA ENERJİ)
Heavily concentrated on network investments but also an important efficiency game
Distribution Operational Earnings (1)
Breakdown (9M 2023)
Others
5.1%
Efficiency &
Quality
4.6%
Financial Income
and CAPEX Reimbursement
(1) Operational Earnings include Capex Reimbursement
90.3%
Strong Historical Growth and
Untapped Potential
Regulated Asset Base (TL bn)
CAGR
30%
Regulation Incentivizes
Investments -
Regulated WACC (real)
High Support for Efficiency
Improvements
Efficiency & Quality (TL mn)
YOY
60%
30.2
19.9
18.9
5.3
6.9
8.4
9.4
11.2
2017
2018
2019
2020
2021
2022
■ 9M 2022
9M 2023
13.6%
11.9%
12.3%
9.4%
10.0%
2006-2010
2011-2015
2016-2017
2018-2020
2021-2025
CAGR
16%
YOY
80%
1,292
1,045
902
941
816
605
495
575
2017
2018
2019
2020
2021
2022
9M 2022
9M 2023
15
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