Iskenderun Demir Ve Celik As · BIST:ISDMR

Iskenderun Demir Ve Celik As — 9M 2022 Earnings Presentation

15 slides from Iskenderun Demir Ve Celik As's earnings presentation, Oct 26, 2022

1. Slide 1: ISDEMIR

   ISDEMIR MINING OYAK | METALLURGY

2. Slide 2: 2022 9 Months Investor Presentation

   2022 9 Months Investor Presentation 26.10.2022

3. Slide 3: Operational and Financial Highlights

   Operational and Financial Highlights Operational Highlights 2020 2021 9M 2021 9M 2022 Change (9M) Liquid Steel Production (000 tons) 4,973 5,770 4,313 3,753 -13.0% Flat Steel Production (000 tons) 3,827 4,558 3,417 3,020 -11.6% Long Steel Production (000 tons) 992 857 561 617 10.0% Flat Steel Shipme

4. Slide 4: Liquid Steel Production (000 tons)

   Liquid Steel Production (000 tons) 5,626 5,770 4,973 4,313 3,753 1,461 1,299 1,094 2019 2020 2021 9M 2021 9M 2022 Q3 2021 Q2 2022 Q3 2022 4

5. Slide 5: Crude Steel Capacity Utilization Ratio

   Crude Steel Capacity Utilization Ratio 99% 100% 97% 98% 84% 85% 2017 2018 2019 2020 2021 9M 2022 İsdemir 5

6. Slide 6: Production (000 tons)

   Production (000 tons) 5,549 5,415 1,026 4,819 857 992 3,978 3,637 561 617 1,331 1,305 4,523 4,558 157 3,827 204 1,044 138 3,417 3,020 1,174 1,101 906 2019 2020 2021 9M 2021 9M 2022 Q3 2021 Q2 2022 Q3 2022 Long Flat 6 Slab production was included in flat production.

7. Slide 7: Sales Volume (000 tons)

   Sales Volume (000 tons) 5,574 5,210 1,057 4,931 846 1,006 3,887 3,697 551 623 1,319 1,278 4,517 4,364 171 1,088 3,925 201 164 3,336 3,074 1,148 1,077 924 2019 2020 2021 9M 2021 9M 2022 Q3 2021 Q2 2022 Q3 2022 Long Flat 7 Intra-group slab sales were included in flat sales.

8. Slide 8: Net Sales Revenue (USD mn)

   Net Sales Revenue (USD mn) Total sales revenue increased by 6.9% YoY in 9M 2022. 4,318 868 +6.9% 2,902 3,305 3,092 644 2,416 480 570 1,247 1,226 413 299 124 956 3,450 184 2,258 2,522 2,825 2,003 1,102 948 772 2019 2020 2021 9M 2021 9M 2022 Q3 2021 Q2 2022 Q3 2022 Export Domestic 8 Intra-group slab s

9. Slide 9: EBITDA & Net Profit

   EBITDA & Net Profit EBITDA (USD mn) EBITDA Margin (%) 38.1% 19.7% 21.7% 38.9% 22.4% 41.1% 28.5% 6.0% 1,647 1,202 742 512 572 525 350 58 2019 2020 2021 9M 2021 9M 2022 Q3 2021 Q2 2022 Q3 2022 Net Profit (USD mn) Net Profit Margin (%) 13.1% 14.3% 17.7% 24.5% 13.3% 28.9% 19.1% 1.4% 765 757 361 380 346

10. Slide 10: EBITDA per Ton (USD/ton)

    EBITDA per Ton (USD/ton) 298 208 194 156 98 102 104 2016 2017 2018 2019 2020 2021 9M 2022 Main Product 10

11. Slide 11: Cost of Sales Breakdown (%)

    Cost of Sales Breakdown* (%) 6 8 4 5 6 5 5 3 3 6 4 4 4 4 2 5 Raw Materials Personnel Expenses Purchased Energy Expenses 81 78 84 83 Depreciation and Amortization Exp. Other 2019 2020 2021 9M 2022 Raw Materials Breakdown (%) 14 15 12 14 13 15 15 14 Iron Ore&Pellet 34 26 21 Coal 37 Scrap 39 44 52 Othe

12. Slide 12: Number of Employees

    Number of Employees 4,863 4,799 4,724 4,702 4,677 4,611 2017 2018 2019 2020 2021 Sept. 2022 12

13. Slide 13: Appendix – EBITDA Detail

    Appendix – EBITDA Detail 01.01.2022- 01.01.2022- Note 30.09.2022 30.09.2022 (Thousand USD) (Thousand TRY) Presentation Currency Translation 2.1 15.8491 Operating Profit 662,058 10,493,039 Depreciation and Amortisation Expenses 79,635 1,262,138 Cost of Sales 13 76,386 1,210,651 Marketing Expenses 14

14. Slide 14: İsdemir Investor Relations

    İsdemir Investor Relations investorrelations@erdemir.com.tr www.isdemir.com.tr/investor-relations/ +90 216 578 80 61 14

15. Slide 15: Disclaimer

    Disclaimer İskenderun Demir ve Çelik A.Ş. (İsdemir) may, when necessary, make written or verbal announcements about forward-looking information, expectations, estimates, targets, assessments and opinions. İsdemir has made the necessary arrangements about the amounts and results of such information t

İskenderun Demir ve Çelik A.Ş. (İsdemir) — 9M 2022 Earnings Presentation on 6ix