Company Turcas Petrol

TRCAS

TRATRCAS92E6

Independent Power Producers

Analysts' Consensus

Business Summary

Managers

Members of the board

Share class

Shareholders

Company contact information

Group companies

Sector

Sales per Business

Annual profits - Rate of surprise

Sector Fossil Fuel IPPs

Delayed Borsa Istanbul Other stock markets 12:36:18 13/05/2024 BST			5-day change	1st Jan Change
26.4 ^TRY	+5.77%		+1.46%	+36.79%

04-18	Turcas Petrol A.S. Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Turcas Petrol A.S. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	CI

Turcas Petrol AS is a Turkey-based investment company, focused in the oil and energy sector. Its joint venture, Shell and Turcas Petrol, is engaged in retail and commercial sales, marketing and distribution of fuel products and lubricants. Its joint venture, RWE and Turcas South Power Generation, operates a natural gas fired combined cycle power plant in the city of Denizli, Turkey. The Company also develops geothermal, solar and wind power projects and invests in a geothermal power plant site at Aydin district, Turkey under the name of Turcas Kuyucak Geothermal Power Generation. Its segments are: Oil, which includes lubricants, engine oil and fuel products; Electricity, which consists of the production, wholesale and distribution of electricity products, and Natural Gas, which consists of wholesale business of natural gas. Its subsidiaries include: Turcas Enerji Holding AS, Turcas Elektrik Uretim AS, Turcas Elektrik Toptan Satis AS and Turcas Yenilenebilir Enerji Uretim AS.

Number of employees: 39

Managers	Title	Age	Since
Saffet Batu Aksoy CEO	Chief Executive Officer	47	31/12/04
Erkan Ilhantekin DFI	Director of Finance/CFO	45	31/12/09
Hasan Ali Kendir CTO	Chief Tech/Sci/R&D Officer	-	31/08/19
Semith Genc COO	Chief Operating Officer	-	-
Seda Gürsoy Ünlü IRO	Public Communications Contact	-	31/12/19
Mert Göknar IRC	Investor Relations Contact	-	31/03/21
Engin Çaylan IRC	Investor Relations Contact	-	-
Cem Sever PRN	Corporate Officer/Principal	-	-
Obahan Obaoglu LAW	General Counsel	-	31/01/21
Nihal Turgut TRE	Treasurer	-	31/01/21

Members of the board	Title	Age	Since
Erdal Aksoy CHM	Chairman	81	31/12/95
Banu Aksoy Tarakçýoðlu BRD	Director/Board Member	-	31/12/04
Saffet Batu Aksoy CEO	Chief Executive Officer	47	31/12/04
Timothy Ford BRD	Director/Board Member	64	-
Matthew James Bryza BRD	Director/Board Member	-	31/12/11
Timuçin Mehmet Tecmen BRD	Director/Board Member	-	31/12/17
Mehmet Derman BRD	Director/Board Member	-	30/04/18
Lale Ergin BRD	Director/Board Member	-	31/05/20

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	255,600,000	116,352,772 ( 45.52 %)	71,336 ( 0.0279 %)	45.52 %

Name	Equities	%	Valuation
Aksoy Holding AS 54.45 %	139,175,892	54.45 %	113 M ₺
Azimut Portföy Yönetimi AS 0.7336 %	1,875,000	0.7336 %	2 M ₺
Raiffeisen Kapitalanlage-Gesellschaft mbH 0.3622 %	925,712	0.3622 %	753 687 ₺
Joh. Berenberg, Gossler & Co. KG (Investment Management) 0.2786 %	712,087	0.2786 %	579 760 ₺
Amundi Ireland Ltd. (United Kingdom) 0.1423 %	363,633	0.1423 %	296 059 ₺
Casa 4 Funds SA 0.009189 %	23,488	0.009189 %	19 123 ₺
Pensionskassernes Administration A/S 0.004621 %	11,812	0.004621 %	9 617 ₺
Bizim Menkul Degerler AS (Investment Management) 0.003608 %	9,221	0.003608 %	7 507 ₺
Perspektiva DZU, doo 0.001702 %	4,350	0.001702 %	3 542 ₺
DFA Australia Ltd. 0.001531 %	3,913	0.001531 %	3 186 ₺

Turcas Petrol AS

AOS 55th Street No: 2 Sariyer Aksoy Plaza

34475, Istanbul

+90 212 259 00 00

http://www.turcas.com.tr

Name	Category and Sector
Albioma Kuyucak Jeotermal Elektrik Üretim AS Albioma Kuyucak Jeotermal Elektrik Üretim AS Alternative Power GenerationUtilities Part of Aksoy Holding AS, Albioma Kuyucak Jeotermal Elektrik Ãœretim AS is an independent renewable energy producer committed to the energy transition through biomass, photovoltaics, and geothermal. The private company is based in Aydin, Turkey. The Turkish company operates in overseas, metropolitan, and Mauritius, and has been developing a unique partnership with the sugar industry for 30 years, producing renewable energy from bagasse. Albioma is also the leading producer of photovoltaic energy in overseas, where it builds and operates innovative facilities with storage. In 2021, Albioma was acquired by Albioma SA, a subsidiary of KKR & Co., Inc. from Turcas Petrol AS. The company acquired its first geothermal power plant in 2021 and is continuing to develop in 2022 with a second power plant in the same geographical region.	Alternative Power Generation

Name

Category and Sector

Alternative Power Generation

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

24.96 TRY

Average target price

49 TRY

Spread / Average Target

+96.31%

Consensus

Company calendar

Electrical Utilities & IPPs

Independent Power Producers

Fossil Fuel IPPs

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JSW ENERGY LIMITED	+40.38%	11.9B
ZHEJIANG ZHENENG ELECTRIC POWER CO., LTD.	+36.44%	11.67B
SHAANXI ENERGY INVESTMENT CO., LTD.	+24.44%	5.52B
ABOITIZ POWER CORPORATION	-5.29%	4.48B
JIANGSU GUOXIN CORP. LTD.	+29.83%	4.46B
GLOBAL POWER SYNERGY	+3.61%	3.85B
GUANGDONG ELECTRIC POWER DEVELOPMENT CO., LTD.	+20.04%	3.83B

Fossil Fuel IPPs