Turkiye Sise Ve Cam Fabrikalari A.s. · BIST:SISE
Turkiye Sise Ve Cam Fabrikalari A.s — Şişecam — FY2024 Earnings Presentation
17 slides from Turkiye Sise Ve Cam Fabrikalari A.s's earnings presentation, 2025
Slide 1: Investor Presentation 2024
iSECAM > estor Presentation 2024 YEARS
Slide 2: Content
Content 2024 Year-End Key Financial Results Liquidity & Capital Allocation 2024 Year-End Key Financials w/o IAS 29 Sustainability
Slide 3: Important Notice on Inflation Accounting (IAS 29)
Important Notice on Inflation Accounting (IAS 29) ▪ Turkey has economic conditions that require reporting entities in the country to follow the methodology set out in International Accounting Standards (‘IAS’) - 29 ‘Financial Reporting in Hyperinflationary Economies’. ▪ Pursuant to the decision date
Slide 4: 2024 Key Financial Results
2024 Key Financial Results TRY Mn Revenue Gross Profit EBITDA Parent Only Net Income -15% 28% 23% 21% 219,447 11% 7% 185,589 3% 50,487 60,371 45,193 40,730 11,659 49,081 42,025 10,587 45,555 14,747 8,460 24,789 8,401 58,953 10,546 15,749 13,150 48,380 14,238 13,906 11,376 1,409 3,496 5,658 5,022 60,
Slide 5: 2024 Segmental Revenue and EBITDA
2024 Segmental Revenue and EBITDA Diversified Revenue Mix Revenue Bridge (TRY Mn) Other Energy 2% 219,447 Architectural Glass 9% 22% -4,029 -2,392 -2,085 -1,606 185,589 -13,722 -9,921 -105 Chemicals 23% 11% Industrial Glass 13% 20% Glass Packaging Glassware 2023 Architectural Industrial Glassware Gl
Slide 6: 2024 Segmental Revenue and EBITDA Margin
2024 Segmental Revenue and EBITDA Margin Architectural Glass (TRY Mn) Industrial Glass (TRY Mn) 21% 7% 11% -9% -9% -10% 45,088 +11% -20% 41,060 22,863 10,357 20,471 9,538 5,869 -5% -5% 5,016 10,626 10,137 5,843 4,367 11,815 10,575 5,121 5,252 12,291 10,810 6,030 5,836 2023 volume effect pricing, pro
Slide 7: 2024 Segmental Revenue and EBITDA Margin
2024 Segmental Revenue and EBITDA Margin Chemicals (TRY Mn) Energy (TRY Mn) 26% 0% 16% -1% -24% -38% 56,931 25,808 12,781 0% 43,209 6,601 -9% 11,166 -24% 9,118 15,888 5,269 11,151 -43% 2,042 16,665 5,999 3,122 10,862 5,328 16,319 12,078 7,939 5,395 2023 volume effect price, product 2024 2023 volume
Slide 8: 2024 Regional Results
2024 Regional Results Geographic Revenue Mix Regional Breakdown of Exports from Turkey 2% 9% 2% 11% 10% 8% 41% 5% 53% 19% 8% 13% 19% Sales in Turkey Exports from Turkey Europe Middle East North America South America Europe US Asia North Africa Other Russia, Ukraine and Georgia Other Top 10 Export Co
Slide 9: Debt Position
Debt Position Net Debt Bridge (TRY Mn) 6,709 858 7,641 Net Debt: USD 2 Bn Net Debt/EBITDA: 5.2x 72,099 56,890 Net Debt/ Adjusted EBITDA**: 2.3x ** Adjusted EBITDA: Excluding the impact of IAS-29 Term Structure of Gross Debt (TRY Mn) Fixed Interest Rate : 92% 130,761 Variable Interest Rate: 8% RUB Ot
Slide 10: FCF & Capex Analysis
FCF & Capex Analysis CAPEX Breakdown (2024) (TRY Mn) 2023 2024 Change Net Profit 27,469 5,243 -22,226 1% Non Cash Items 16,002 10,138 -5,864 11% Changes in Working Capital 14,409 15,884 1,475 8% 35% Cashflow from operations 57,879 31,264 -26,615 Interest received,net -7,321 -10,805 -3,484 Dividend p
Slide 11: Key Financials (w/o IAS29)
Key Financials (w/o IAS29) Revenue (TRY Mn) EBITDA (TRY Mn) Profit Before Tax (TRY Mn) Net Income for the Period* (TRY Mn) 172,140 26% 29% 20% 44,263 35,264 15% 19% 27,097 133,580 11,974 3% 8% 38,740 25,706 9,294 25,226 45,450 8,053 8,480 10,481 36,406 6,260 42,702 5,697 13,405 5,663 3,440 30,069 8,
Slide 12: Sustainability
SUSTAINABILITY 12
Slide 13: CareforNext Sustainability Strategy At a Glance
CareforNext Sustainability Strategy At a Glance PROTECT THE PLANET ▪ 2050 Carbon Neutrality ▪ Reducing Fresh Water Consumption by 15% ▪ Developing 53 MWp Installed Renewable Energy Capacity ▪ Achieving 50% Reduction in Packaging Waste ▪ Commissioning of a Fully Electric Glass Melting Furnace ▪ Using
Slide 14: Corporate ESG Performance, Reporting and Verification
Corporate ESG Performance, Reporting and Verification CORPORATE ESG PERFORMANCE SUSTAINABILITY REPORTING & VERIFICATION Sustainability Reporting A- A- A- ▪ It has been conducted since 2013. B B B- B- ▪ All operations and facilities are included. C+ ▪ Third-party assurance is obtained for the Sustain
Slide 15: Updates on Sustainability Initiatives & Projects
Updates on Sustainability Initiatives & Projects PLANT OF THE FUTURE WATER RISK ASSESSMENT ▪ Şişecam, the only global company operating in all core areas of glass, introduced ▪ Şişecam conducted a water risk assessment to identify risks on a facility basis, the Plant of the Future initiative at the
Slide 16: Updates on Sustainability Initiatives & Projects
Updates on Sustainability Initiatives & Projects MEMBERSHIPS FOR COLLABORATION SUPPLY CHAIN SUSTAINABILITY ▪ Şişecam has joined the trade association Glass for Europe, which represents ▪ Şişecam aims to align environmental, social, and governance priorities across the Europe's flat glass sector, bec
Slide 17: Thank You
THANK YOU YEARS