Eregli Demir Ve Celik Fabrikalari T.a.s. · BIST:EREGL
Eregli Demir Ve Celik Fabrikalari T.a.s — Ereğli Demir ve Çelik Fabrikaları T.A.Ş. (Erdemir) — Q1 2023 Earnings Presentation
16 slides from Eregli Demir Ve Celik Fabrikalari T.a.s's earnings presentation, May 2, 2023
Slide 1: 2023 3 Months Investor Presentation
MINING OYAK | METALLURGY ERDEMIR > 2()2d 3 Months Investor Presentation 02.05.2028
Slide 2: Market Overview
c ERDEMIR )) 2028 Market Overview
Slide 3: Commodity Prices
3 0 200 250 300 350 400 450 500 550 600 650 700 100 200 300 400 500 600 USD/TON USD/TON Apr-21 Apr-21 May-21 May-21 Jun-21 Jun-21 Jul-21 Jul-21 Aug-21 Aug-21 Sep-21 Sep-21 Oct-21 Oct-21 Nov-21 Nov-21 Source: Platts / IODEX Dec-21 Dec-21 Jan-22 Jan-22 Feb-22 Feb-22 Mar-22 Mar-22 COMMODITY PRICES Apr-
Slide 4: Turkish Steel Industry
TURKISH STEEL INDUSTRY PRODUCTION (MN TONS) EXPORTS (MN TONS) 9.9 8.4 3.8 4.3 2.8 1.3 2.2 6.1 5.6 2.8 0.7 1.5 0.2 0.0 3M 2022 3M 2023 3M 2022 3M 2023 CONSUMPTION (MN TONS) IMPORTS (MN TONS) 9.0 8.5 4.3 4.8 4.0 4.2 2.3 2.3 4.7 0.4 0.5 3.7 1.3 1.4 3M 2022 3M 2023 3M 2022 3M 2023 4 Source: TSPA Flat St
Slide 5: 2023 3M Results
Gr) 2023 3M Results
Slide 6: Financial and Operational Results
FİNANSAL VE OPERASONEL SONUÇLAR - 2022 9A 22 Million USD 1.6% 5 Million USD 0.3% EBITDA EBITDA Margin Net Profit Net Profit Margin 1.4 Million Tons 1.6 Million Tons 1,394 Million USD Total Production Total Sales Revenue (*) Due6 to the earthquake that occurred on February 6, 2023, the production at
Slide 7: Operational Indicators
OPERATIONAL INDICATORS LIQUID STEEL PRODUCTION (000 TONS) CRUDE STEEL CAPACITY UTILIZATION RATIO 91% 89% 94% 82% 9,203 7,968 2,033 50% 1,826 1,224 Q1 2022 Q4 2022 Q1 2023 2021 2022 2019 2020 2021 2022 Q1 2023 PRODUCTION (000 TONS) SALES VOLUME (000 TONS) 8,372 8,246 7,784 7,769 857 846 736 764 2,082
Slide 8: Domestic Sales Breakdown and Export
DOMESTIC SALES BREAKDOWN AND EXPORT FLAT STEEL DOMESTIC SALES (000 TONS) LONG STEEL DOMESTIC SALES (000 TONS) 3M 23 3M 23 Automotive Rebar and Profile Producers 14% 11% (194) (8) 3M 22 3M 22 27% 15% (215) 40% Pipe&Profile and Rolling (60) 18% General Manufacturing Industry (538) 13% (14) 45% (29) 23
Slide 9: Financial Indicators
FINANCIAL INDICATORS NET SALES REVENUE (USD MN) 8,107 7,667 1,327 1,710 2,101 363 1,764 263 1,394 151 6,780 5,957 1,738 1,501 1,243 Q1 2022 Q4 2022 Q1 2023 2021 2022 Export Domestic EBITDA NET PROFIT 39.4% 22.8% 33.0% 19.3% 14.1% 21.1% 11.7% 3,021 1,745 693 1,714 405 1,142 4.5% 1.6% 0.3% 207 80 22 5
Slide 10: EBITDA Change in Cash (USD mn)
EBITDA CHANGE IN CASH (USD MN) (54) (11) (4) 306 203 235 (227) 22 (17) EBITDA Changes in Interest Inc./(Exp.) Net Taxes Paid Net Cash used in Free Cash Credit Usage/ Other CHANGE IN CASH (3M 2023) Working Capital Investing Activities Flow (Payment) Net (3M 2023) 10
Slide 11: Analysis of Financial Position
ANALYSIS OF FINANCIAL POSITION FINANCIAL BORROWINGS* (USD MN) NET WORKING CAPITAL (USD MN) 1,880 1,568 1,222 1,400 2,725 2,522 861 1,127 2,361 2,320 723 510 834 650 499 441 480 129 123 351 (599) (571) 2020 2021 2022 3M 2023 Trade Receivables Inventories Trade Payables Other Working Capital Short-Ter
Slide 12: Cost of Sales Breakdown (%)
COST OF SALES BREAKDOWN* (%) 3M 2023 Other RAW MATERIALS BREAKDOWN 10 Depreciation and Amortization Exp. 4 Personnel Expenses 5 Iron Ore&Pellet Coal Scrap Other 14 Purchased Energy Expenses 30% 38% 8% 24% 67 Raw Materials 2022 5 Other 3 Depreciation and Amortization Exp. 4 Personnel Expenses Iron Or
Slide 13: Capital Expenditures (USD mn)
CAPITAL EXPENDITURES* (USD MN) 723 434 306 216 251 208 161 2017 2018 2019 2020 2021 2022 3M 2023 Capital Expenditures 13 *Advance payments for capital expenditures are not included.
Slide 14: Sustainability
SUSTAINABILITY We shape our approach to value generation on the basis of three basic concepts as follows: sustainable growth, responsible production, approach that puts people at the center. 14
Slide 15: Investor Relations Contact
investorrelations@erdemir.com.tr www.erdemir.com.tr/investor-relations/ +90 216 578 80 61 15
Slide 16: Disclaimer
DISCLAIMER Ereğli Demir Çelik Fabrikaları T.A.Ş. (Erdemir) may, when necessary, make written or verbal announcements about forward-looking information, expectations, estimates, targets, assessments and opinions. Erdemir has made the necessary arrangements about the amounts and results of such inform
Ereğli Demir ve Çelik Fabrikaları T.A.Ş. (Erdemir) — Q1 2023 Earnings Presentation on 6ix