Cimsa Cimento Sanayi Ve Ticaret A.s. · BIST:CIMSA
Cimsa Cimento Sanayi Ve Ticaret A.s — Q2 2025 Earnings Presentation
23 slides from Cimsa Cimento Sanayi Ve Ticaret A.s's earnings presentation, June 2025
Slide 1: Investor Presentation June 2025
Investor Presentation June, 2025
Slide 2: Disclaimer
Disclaimer The information and opinions contained in this document have been compiled by Çimsa Çimento Sanayi ve Ticaret A.Ş. (“CIMSA”) from sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or corre
Slide 3: A traditional cement player, transforming to a global & diversified building materials company
A traditional cement player, transforming to a global & diversified building materials company Germany [Hamburg] [Munich] Republic of Ireland Italy [Ballyconnell] [Trieste] United States Grey Clinker: 1.2 mt Türkiye [Houston] Spain [Mersin] White Grinding: [Bunol] [Eskişehir] 300 kt White Clinker: 6
Slide 4: Grey to Green, Local to Glocal, Cement to Building Materials
Grey to Green, Local to Glocal, Cement to Building Materials Lean & diversified structure in Solid financial management & production, product & sales composition strong balance sheet Proven track record of geographical Sustained & Profitable Commercialized Sustainability expansion & greenfield inves
Slide 5: Strategic Roadmap: How We Planned The Transformation?
Strategic Roadmap: How We Planned The Transformation? Grey to Green, Local to Global, Cement to Building Materials Value Maximisation Cost Optimization Network Optimization; Increase in Alternative Fuel Usage Asset/Carbon/Energy Optimization Close Proximity to Customers in Export Markets; New Sustai
Slide 6: Strategic Initiatives: What have we done so far?
Strategic Initiatives: What have we done so far? Completed Completed Completed Completed Completed Completed Completed Completed BUÑOL PLANT DOMESTIC SABANCI CALCIUM MANNOK ESKİŞEHİR AFYON SOLAR BUNOL SOLAR ACQUISITION NETWORK TECHNOLOGY ALUMINATE ACQUISITION SOLAR POWER PLANT POWER PLANT (SPAIN) OP
Slide 7: Strategic Initiatives: What's on the road?
Strategic Initiatives: What’s on the road? Q2 2025 Q4 2025 H1 2026 ESKİŞEHİR WHR US GREY CEMENT CAC CAPACITY INCREASE INVESTMENT GRINDING PLANT IN MERSIN • Whr capacity 5.500 kWp, 40.000 MWh • 700 kt grey cement capacity. annual production-25% of consumption, • Total investment amount of USD31.8mn.
Slide 8: Expanding into Great Britain and the Island of Ireland: the acquisition of Mannok
Expanding into Great Britain and the Island of Ireland with the latest investment: the acquisition of Mannok Mannok; integrated manufacturer of 2024 FINANCIAL FIGURES MANNOK cement, thermal building insulation, building materials and plastic food packaging products in GB, ROI & NI. EBITDA Headquarte
Slide 9: Downstream Strategy on track! From cement to building materials
Strategy on track! “from cement to building materials” Cement Precast Aircrete Thermal Blocks Roof Tiles High-quality bagged and bulk Portland Custom built precast solutions from Aircrete blocks are high-performance High-quality, high performance Downstream composite blended cement design to install
Slide 10: Portfolio of traditional, innovative and value-added products
Portfolio of traditional, innovative and value-added products GREY CEMENT WHITE CEMENT VALUE-ADDED PRODUCTS • Target excellence and efficiency • 2nd largest white cement producer • 3rd largest CAC producer globally. • increasing alternative fuel globally. • focus on sustainability • CAC; value-added
Slide 11: Commercialized Sustainability
Commercialized Sustainability AFYON | SOLAR POWER PLANT BUNOL | SOLAR POWER PLANT ESKİŞEHİR | WHR & SOLAR POWER PLANT* operational since September, 2023 operational since May, 2024 expected completion: 2Q25 SOLAR POWER PLANT WHR 7,500 3.3MW 11,000 7.2MW 25,740 14.2MW 5.5MW Solar Panels Capacity Sola
Slide 12: ESG Pioneer in cement & building materials industry
ESG Pioneer in cement & building materials industry The First Cement Obtaining IREC The Environmental Score of “A” in CDP Entry into the Çimsa listed on the Company in BIST 25 Certificate for 351k Product Declaration Climate Change and Diversity&Inclusion FTSE4Good Emerging Sustainability Index. MWh
Slide 13: We innovate today for tomorrow
We innovate today for tomorrow R&D Centres 2 “Formülhane” in Mersin “Sabancı Technology Center” in Munich Patents 5 Commercialized Products 3 EU Supported Projects4 Completed R&D Projects 35 • The first R&D Center in the cement • Established in 2023 at Technical University industry in Türkiye approv
Slide 14: Customer oriented innovative solutions
Customer oriented innovative solutions RapiDome; 3D house in Mersin plant • More flexible &sustainable structures • Cost reduction, fast installation adaptability to changes Flycrete; quick solution for damaged floors • Fast setting: faster hardening, high strength output in 3 hours, acceleration of
Slide 15: 2024: EBITDA margin expansion driven by volume growth and lower input costs
2024: EBITDA margin expansion driven by volume growth and lower input costs NET SALES EBITDA & EBITDA MARGIN* NET INCOME & NET INCOME MARGIN* TRYmn TRYmn TRYmn 19.8% 9,000 9,000 17.9% 18.0% 29,604 15.0% 20.0% 8,000 8,000 28,151 16.0% 5,560 12.4% 7,000 7,000 5,287 14.0% 15.0% 6,000 6,000 4,445 12.0%
Slide 16: Deleveraging through effective working capital management and optimized business
Deleveraging through effective working capital management and optimized business Before IAS29 was effective After IAS29 was effective NWC/Sales NWC/Sales 28% 21% 15% 15% 14% 15% 10% 2018 2019 2020 2021 2022 2023* 2024 Net Debt & Leverage Net Debt & Leverage 5.14x 3.29x 2.38x** 2,000 17 ,00 0 3.0 0x
Slide 17: Increased pay-out ratio as balance sheet gets delevared
Increased pay-out ratio as balance sheet gets delevared Pay-out Ratio Dividend Yield 15.1% 0 150.0% 0 130.0% 11.3% 11.8% 10.2% 0 110.0% 0 90.0% 0 70.0% 0 4.0% 4.6% 50.0% 3.3% 3.2% 1.3% 0 30.0% 51.6% 90.4% 82.1% 78.0% 29.6% 0.0% 0.0% 0.0% 19.7% 11.7% 40.1% 21.8% 0 10.0% 2013 2014 2015 2016 2017 2018*
Slide 18: 2Q25 Snapshot
SAL 2Q25 SNAPSHOT CiM
Slide 19: Real topline growth momentum remains intact
Real topline growth momentum remains intact Earnings pressured by unfavorable base and pricing dynamics NET SALES EBITDA & EBITDA MARGIN NET INCOME & NET INCOME MARGIN +40.0% Margin: 24.8% 18.6% Margin: 25.9% 7.7% 5,000 7,000 25.0% 10,895 4,500 25.0% 6,000 4,000 +5.3% 20.0% 5,000 20.0% 7,782 3,500 -
Slide 20: Prudent balance sheet management with extended maturity profile
Prudent balance sheet management with extended maturity profile Increase in net debt was mainly a result of TRY depreciation during 2Q25 NET WORKING CAPITAL NET DEBT & LEVERAGE 16 ,00 0 20 % 30 ,00 0 4.0 0x 14 ,00 0 18 % 2.38x 2.85x 3.0 0x 25 ,00 0 13%** 19,648 16 % 12 ,00 0 2.0 0x 12%** 14 % 15,428
Slide 21: Çimsa Global Vision
ÇİMSA %75 Hard Currency Revenue Generation GLOBAL VISION %70 Sustainable Product Portfolio A journey to become global sustainable building materials %40 Sustainable Energy Source company Global R&D Center and Organization SBTi Targets 2nd largest in White Cement 3rd largest player in CAC globally
Slide 22: Investor Relations Contact
Investor Relations Contact Mustafa Aydın Özge Özcan Tosun Öktem Söylemez CFO FP&A and IR Director IR Manager m.aydin@cimsa.com.tr o.ozcantosun@cimsa.com.tr o.soylemez@cimsa.com.tr investor.relations@cimsa.com.tr yatirimci.iliskileri@cimsa.com.tr www.cimsa.com.tr
Slide 23: Thank You!
cim@®) THANK YOU!
Çimsa Çimento Sanayi ve Ticaret A.Ş. — Q2 2025 Earnings Presentation on 6ix