ENERJİ ELEKTRİK ÜRETİM AŞ

2016 Ordinary General Assembly Meeting16 May 2017

2

HYDROELECTRIC POWER PLANTS

GEOTHERMAL POWER PLANTS

WIND POWER PLANTS

ISRAEL (DORAD, ASHDOD, RAMAT

NEGEV

NATURAL GAS POWER PLANTS

PAKISTANJHIMPIR

ELECRICITY DISTRIBUTION

ZORLU ENERJİDomestic and Regional Operations

HEADQUARTERS

Zorlu Enerji

1

1

2

2

2

2

3

3

3

4

4

4

4

4

4-6

5

5

5

2

6

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6 6

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73%Share of renewable

energy in total installed capacity in Turkey

991 MW644.1 MW in Turkey, 56.4 MW in Pakistan,

290.5 MW in Israel (25% stake in 840 MW Dorad CCGT Power Plant & 42.15% stakes in 64.54 MW Ashdod and

126.4 MW Ramat Negev NGGPs) 3 in Turkey – 1 in Pakistan

7 in Turkey

3 in Turkey

3 in Turkey – 3 in Israel

3

6 Natural Gas Power Plant 466.7 MW

7 Hydroelectric Power Plant 112.6 MW

3 Geothermal Power Plant 140 MW

4 Wind Power Plant 271.7 MW

INSTALLED CAPACITY

Zorlu Enerji

ProjectKIZILDERE IIIALAŞEHİR IIBAHAWALPUR

Capacity (MW) 165.0

50*100.0

315

Stake (%)100100

99.7

LocationAYDINMANİSAPAKISTAN

TypeGeothermalGeothermal

Solar

Project Capacity (MW)60.060.050.0

126.0503018

394

Stake (%)100100100100100100100

LocationAYDINAYDINMANİSADENİZLİDENİZLİKÜTAHYAKONYA

TypeGeothermalGeothermalGeothermal

HydroelectricGeothermalGeothermal

Solar (Photovoltaic)

4

KIZILDERE IVKIZILDERE VALAŞEHİR IIISAMİ SOYDAMTEKKEHAMAMSİMAVALİBEYHÖYÜĞÜ

Current StatusPre-license

-Pre-license

Financing Stage--

Pre- License

ProjectSOLADBAHAWALPUR

Capacity (MW)77

200277

Stake (%)42.15

100

LocationISRAELPAKISTAN

TypeGas Fired

Solar

Current StatusFeasibility Stage

-

ONGOING AND PLANNED PROJECTS

ONGOING INVESTMENTS

PLANNED PROJECTS

PLANNED PROJECTS ABROAD

Current StatusLicense

Pre-licensePre-license

* An application is planned to be made to EMRA to amend the installed capacity in the pre-license from 24.9 MW to 49.8 MW depending on the results of the feasibility studies.

Zorlu Enerji

ProjectImported CoalAKÇAKOCANatural GasKIYIKÖYWindAYVACIKSERTAVULNARLIDEREBAKIRÇAYSİVASÇATALDAĞGeothermalNEMRUTŞEFAATLİ

Capacity (MW)

1,220

1,200

100170

505080

73.5

--

Stake (%)

100

100

100100100100100100100

75100

Location

DÜZCE

KIRKLARELİ

ÇANAKKALEKARAMANİZMİRİZMİRSİVASBALIKESİR

BİTLİSYOZGAT

Type

Imported Coal

Natural Gas

WindWindWindWindWindWind

GeothermalGeothermal

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PROJECTS UNDER DEVELOPMENT

UNDER DEVELOPMENT

Zorlu Enerji

6

ESKİŞEHİR

BİLECİK

KÜTAHYA

AFYONUŞAK

OSMANGAZİ ELECTRICITY DISTRIBUTION CO.

TOTAL POPULATION:

NUMBER OF SUBSCRIBERS:

ELECTRICITY DISTRIBUTED:

Source: EMRA -2015 figures

2.7million

1.6million

5.7million MWh

REGION: Eskişehir, Kütahya, Uşak, Bilecik, Afyon Karahisar

Zorlu Enerji

7

UŞAK

OSMANGAZİ ELECTRICIY DISTRIBUTION CO.

Renewable resources

Zorlu Enerji

8

ZORLU ELEKTRİK

Retail Sales & Trade

• Eligible Consumers & Targets• Risk Management & Hedging• Market Making in Derivatives Market (VOIP)

Marketing:

2017 Electricity Volume Targets: 6 TWh

Sales to Eligible Consumers 4.5 TWh

Trade Volume: 1.5 TWh

Zorlu Enerji

100,000

150,000

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

2017 Electricity Meter Target (Units)

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ZORLU SOLAR

Zorlu Enerji

PV Module Sales& EPC

Maintance, Repair& Operation Services

Solar Panelsfor Rooftops

BatterySales

POWER PLANT CONSTRUCTION

Turn-key EPC services for hydro, wind, geothermal,

solar and natural gas power plants

SMART SYSTEMS

Delivering state-of-the-art technology and integration

to end customers

ELECTRICITY

TRADING

Customer focused, competitive pricing

MAINTENANCE, REPAIR AND

OPERATION SERVICES

For natural gas, hydro, wind, geothermal and solar power plants in Turkey and abroad

ELECTRICITY

DISTRIBUTION

1.6 million subscribers 5 cities

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ZORLU ENERJI GROUP - AN INTEGRATED PLAYER

Zorlu Enerji

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ELECTRICITY GENERATION & SALES (MWh)

Zorlu Enerji

2015 2016 2017 Budget

Generation (MWh) 2,392,582 2,558,965 2,714,230

Sales (MWh) 3,336,874 5,058,114 9,911,278

0

2,000,000

4,000,000

6,000,000

8,000,000

10,000,000

12,000,000

MW

h

2,600,000 – 2,800,000

9,900,000 – 10,000,000

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NET SALES & EBITDA (TL mn)

Zorlu Enerji

2015 2016 2017 Budget

Net Sales (TL mn) 709 1,195 2,719

EBITDA (TL mn) 290 433 522

0

500

1,000

1,500

2,000

2,500

3,000

TLm

n

1,100 – 1,300

500 – 550

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COMPLETED PROJECTS– Osmaniye/Turkey

Sarıtepe / Demirciler Wind Power Plants

Total Installed Capacity: 80.3 MW of Electricity

Zorlu Enerji

14

ONGOING PROJECTS- Denizli/Turkey

• Kızıldere III Geothermal Power Plant

Installed Capacity: 165 MW of Electricity

Zorlu Enerji

15

ONGOING PROJECTS- Manisa/Turkey

• Alaşehir II Geothermal Power Plant

Installed Capacity: 24.9 MW of Electricity

Depending on the outcome of the feasibility studies to be conductedfollowing the drilling works, the installed capacity may be increased to 24.9 x 2 = 49.8 MW.

Zorlu Enerji

16

• BAHAWALPUR Solar Power Plant

Installed Capacity: 100 MW Electricity

Zorlu Enerji

ONGOING PROJECTS- Pakistan

Thank You

17Zorlu Enerji