Finance Monthly CFO Awards 2021

What have you achieved as the CFO of Enerjisa Enerji over the past two years+? How has your work impacted the performance of Turkey’s biggest energy company? I am very happy and proud of our teams – these are the things we have achieved together: • Share price improvement by more than 200%. • Grew heavily all KPIs such as operational earnings, net income, EBITDA and free cash flow and in parallel decreased the debt. • Ensured huge amounts of savings by refinancing credits and bonds and reduced the overall cost base. In addition, we increased the business profitability by revamping all business segments. • We further de-risked our business in a demanding macro environment (volatility regarding FX, inflation, GDP, CDS and interest rates). • Initiated sustainability as the fundament of the corporate strategy, centring the business model on digitisation and the new energy world and sharpening the company’s purpose, vision, mission and business strategy. • And we accelerated for example the usage of AI with chatbots and speech analytics for improving the customer care centres. You are also recognised for your initiatives in shaping Enerjisa’s governance, risk management and thereby restructuring its operational units and readjusting its business models. What is your secret? Before growing a business, the fundament needs to be strengthened. The backbone of every business is its financial leeway, a strong balance sheet, a healthy net debt ratio and a balanced capital structure. The company’s risk framework should thereby consider the three lines of defence appropriately: Operational Management, Risk Management & Compliance Functions and Internal Audit. As a stock- listed company, we need to take special care of all of this to guarantee proper governance. This is in fact nothing new and surprising. We are only doing this with a high level of prudence, or what I call the basic homework. About Enerjisa Enerji S.A. Enerjisa Enerji is a stock listed leading electricity distribution and retail sales company in Turkey, with over 10 million customers in 14 provinces across three distribution regions. Enerjisa is the biggest energy company in Turkey with around 12 000 employees. In addition to its two core business lines, power distribution with 236 000 km of network length and retail with a sales volume of 34 TWh, the company leads the Turkish energy market in terms of offering customers sustainable solutions. It offers a range of products, which make the transition to green and environmentally conscious energy decisions easier. The firm offers solar PV products and energy efficiency services and it also operates Turkey’s largest electric vehicle network, with 185 public charging stations across the country. www.enerjisa.com.tr About Dr. Michael Moser Dr. Michael Moser, MBA, LL.M, MSc., BSc. has graduated as a lawyer and business economist in universities in Boston, Shanghai, London, Frankfurt, Zürich and Münster. Dr. Moser started his career in the global law firm Baker & McKenzie as a lawyer for M&A transactions and afterwards moved to the international energy company E.ON SE to become the global head of M&A Legal. He then got promoted to Chief Development Officer for the stock listed energy company ENEVA S.A. in Brazil, moved back to E.ON SE for steering the spin-off and the listing of Uniper SE, became Chief Audit Officer and later CFO of E.ON New Customer Solutions business. Since June 2019, Michael is the CFO of the stock listed energy company Enerjisa Enerji S.A. in Turkey. In this function, he has been responsible for investor relations, strategy, accounting, treasury, controlling, tax, procurement, M&A, risk management, internal control, corporate office, sustainability, legal and compliance. http://linkedin.com/in/drmichaelmoser F i nance Month l y CFO Awards 2021 - TURKEY - - 22 -