Page 4 - Aygaz-Sustainability-Report-2021

2 GENERAL MANAGER’S MESSAGE

Esteemed
Shareholders,

As we left behind a second year impacted by the COVID-19 consumption of LPG is expected to exceed 380 million tons in
pandemic, its effects were still felt deeply throughout 2021. the next ten years. The Turkish LPG market, the second largest
Global economies started to recover with accelerated in Europe, grew by 1% in 2021, reaching 3.9 million tons.
vaccine rollouts while problems such as supply chain
disruptions and increases in commodity and energy prices I am pleased to report that Aygaz completed 2021
continued to affect all the industries. At times of heightened with strong financial results despite the challenges and
economic, environmental and social pressures, companies maintained its position as the leader of the Turkish LPG
are expected to manage all their risks and opportunities industry. As of year-end 2021, our market share in Turkey
effectively and to improve the positive value they create with was 25.4% with a sales volume exceeding 2 million tons.
their stakeholders by delivering strong financial performance. In 2021, we recorded TL 15.9 billion in consolidated
As seen during such crises, companies that manage their revenues, posting an operating profit of TL 418 million
financial and non-financial assets, risks and opportunities with and a net profit of TL 670 million after tax. Aygaz ranked
an integrated approach attain success. After marking our 60 33 in Istanbul Chamber of Industry’s (ISO) 2021 list of
th
rd
anniversary in 2021, we continue to work together with all Turkey’s Top 500 Industrial Enterprises. We owe this strong
Aygaz stakeholders to create value and celebrate many more financial performance to our agile and dynamic structure
achievements in the years ahead. and our integrated approach to environmental, social and
economic factors. As part of our international expansion
According to the Statistical Review 2021 report published strategy, we continue our operations in Bangladesh, where
by the World LPG Association (WLPGA), global LPG our investments in spherical and cylinder tanks, along
consumption reached 317 million tons in 2021. LPG is a with the filling equipment at the Chittagong Terminal are
sustainable, low-emission alternative to fossil fuels and it is proceeding according to plan. Furthermore, our London
preferred more widely with the increased carbon neutrality branch expanded its portfolio, reaching a physical trade
efforts to tackle climate crisis. As a result, the annual volume of more than 660,000 tons in 2021.