Oyak Cimento Fabrikalari A.s. · BIST:OYAKC
Oyak Cimento Fabrikalari A.s — OYAK Çimento Fabrikaları A.Ş. — Q3 2024 Earnings Presentation
27 slides from Oyak Cimento Fabrikalari A.s's earnings presentation, 2024
Slide 1: 3Q24 Financial Results
3Q24 LTCC | Ge | come FINANCIAL RESULTS
Slide 2: Key Messages & Financial Highlights
Key Messages & Financial Highlights 3Q24 Financial Results
Slide 3: Key Messages & Financial Highlights
Key Messages & Financial Highlights · Net Sales (3Q24 vs 3Q23) Net Sales (9M24 vs 9M23) 11,446 mn ₺ (300 mn €) +3% 31,297 mn ₺ (820 mn €) +2% EBITDA (3Q24 vs 3Q23) EBITDA (9M24 vs 9M23) 3,755 mn ₺ (98 mn €) +17% 9,621 mn ₺ (252 mn €) +5% • Volume growth sustained in 3Q24, cumulative cement volume gr
Slide 4: Peer Analysis
Peer Analysis · +2% -8% -19% -20% Sales Revenue 9M23 9M24 OYAKC Competitor 1 Competitor 2 Competitor 3 +5% +4% -36% -28% EBITDA OYAKC Competitor 1 Competitor 2 Competitor 3 +0.8 pp +2.7 pp -4.7 pp -2.5 pp EBITDA Margin (%) OYAKC Competitor 1 Competitor 2 Competitor 3 Source: KAP, Public disclosures
Slide 5: Key Messages & Financial Highlights
Key Messages & Financial Highlights · The first cement company in Türkiye to make a “Net Zero” commitment Alternative Fuel Usage 58.0% 25.2% 17.4% 6.4% Operational efficiency 2016 2020 2023 2030 Readiness to regulatory changes Sustainability - Waste Heat Recover (WHR) investment Superior financial p
Slide 6: 3Q24 Financial Results
02 3Q24 Financial Results
Slide 7: Turkish Cement Sector
Turkish Cement Sector · Cement Production (million ton) Export (million ton) +10% -30% +9% -5% 7M22 7M23 7M24 Domestic Cement Consumption (million ton)* Clinker Stock (million ton) +19% +14% +17% -14% 7M22 7M23 7M24 7M22 7M23 7M24 Source: TCMB, OAİB *Includes companies that are non-members of TÇMB
Slide 8: Turkish Cement Sector
Turkish Cement Sector · Domestic Cement Consumption (change %) Türkiye +16.9% +14.8% +5.1% +35.0% -2.8% +8.1% +52.2% +31.7% OYAK Cement Plants (integrated) Source: TCMB
Slide 9: Turkish Cement Sector
Turkish Cement Sector · Cement Exports (‘000 ton) Clinker Exports (‘000 ton) 9M23 9M24 9M23 9M24 -15% +41% 12,408 3,934 10,532 2,788 5,656 5,194 2,180 622 348 346 300 276 281 742 724 200 279 303 534 402 416 416 188 7 USA Syria Italy Bulgaria Israel Total Italy Belgium Georgia Romania TRNC Total Sour
Slide 10: OYAK Cement
OYAK Cement · Cement Capacity 24.0 m ton İstanbul Kocaeli Zonguldak 1 Ordu Rize 4 1 1 3 1 Concrete Capacity 9 1 1 3 Bolu 12.5 mm 3 1 8 Ankara Aggregates Capacity 2 1 6.8 m ton 4 1 1 Denizli 2 1 Mardin 2 1 3 1 7 2 Hatay Adana 1 Cement Plants (integrated) 1 0# Grinding Plants # RMX Plants # Aggregate
Slide 11: 3Q24 Financial Results
03 3Q24 Financial Results
Slide 12: Financial Results
Financial Results · SALES REVENUE EBITDA NET INCOME 28.8% 35.4% 32.8% 1.8% 22.4% 18.2% 11,109 11,446 10,212 +3% +17% +938% YoY YoY YoY +12% +4% -9% QoQ 3,755 QoQ QoQ 3,613 3,205 2,291 2,088 201 3Q23 2Q24 3Q24 3Q23 2Q24 3Q24 3Q23 2Q24 3Q24 •Robust volume growth continued in 3Q24 •EBITDA margin expand
Slide 13: Financial Results
Financial Results · Quarterly Revenue (m TL) L12M* Revenue (m TL) 11,159 36,102 9,196 32,012 7,898 28,257 7,848 7,070 24,845 3Q23 4Q23 1Q24 2Q24 3Q24 4Q23 1Q24 2Q24 3Q24 Quarterly EBITDA (m TL) L12M EBITDA (m TL) 35.1% 30.1% 27.6% 37.9% 35.1% 32.8% 32.0% 32.8% 33.1% 3,920 11,945 3,483 10,509 2,484 2
Slide 14: Net Working Capital (NWC)
Net Working Capital (NWC) Sustainable level with highest collateralization NWC as a % of 21% 19% 16% 20% 17% 21% Sales Revenue (LTM) NWC (m TL) 7,115 6,494 6,117 5,899 5,843 4,951 5,559 5,866 6,142 5,110 4,961 3,803 -3,983 -3,926 -3,580 -4,527 -4,947 -4,553 2021 2022 2023 1H24 9M23 9M24
Slide 15: Net Cash (Debt) Development
Net Cash (Debt) Development Solid balance sheet for future acquisitions and investments Net Cash (Debt) Net Cash (Debt) / EBITDA (LTM) -1,724 1,301 5,769 6,951 8,197 0.65 0.57 0.47 4,670 7,200 7,155 4,335 0.14 4,223 1,346 893 729 999 595 -669 -85 -2,067 -1,165 -2,561 -26 -3,763 -38 -92 -1,104 -163 -
Slide 16: Free Cash Flow
Free Cash Flow 9M24 mn TL 37% 9M23 mn TL 57%
Slide 17: 3Q24 Financial Results
3Q24 Financial Results
Slide 18: Appendix
Appendix ( bTCC | @yax) | CEMENT 3Q24 Financial Results Q:
Slide 19: Taiwan Cement Corporation
Taiwan Cement Corporation · TCC at a Glance TCC Global Operations 850 MWh Energy Storage Capacity 857k tons Carbon Black Production TCC Performance 3.3 GWh 198 MWh Battery Renewable Energy 112m tons Cement Capacity Globally 269 Ranking 3rd in Global Cement Sector 185 112 103 92 35 69 56 53 52 47 40
Slide 20: Taiwan Cement Corporation
Taiwan Cement Corporation · Cement Capacity Clinker Capacity Taiwan 77.0 m ton 65.8 m ton China Netherlands Cement Capacity Clinker Capacity 35.0 m ton 18.0 m ton Portugal Romania Integrated Grinding Calcined Clay Türkiye Facility Facility Facility 10 7 3 TRNC RMX Aggregates Paper & Concrete Paper B
Slide 21: Cement Product Portfolio
Cement Product Portfolio • CEM II/A-LL 42.5 R • CEM II/B-M (S-L) 42.5 R • CEM II/C-M (P-LL) 32.5 N • CEM I 52.5 R • CEM II/A-LL 52.5 R • CEM VI (S-LL) 32.5 R • CEM II/A-M (S-L) 42.5 R • CEM II/B-M (S-V) 42.5 R • CEM VI (S-L) 32.5 N • CEM II/A-M (P-LL) 42.5 R • CEM II/B-LL 32.5R • CEM II/A-S 42.5 R •
Slide 22: OYAK Concrete
OYAK Concrete · OYAK Concrete, the main field of activity of which is production and sales of ready-mix concrete, also intended to produce the aggregate, which has outpaced the cement in some plants and taken the first place among the concrete production cost items Currently, OYAK Concrete operates
Slide 23: Income Statement
Income Statement m TL 3Q24 3Q23 ∆% 9M24 9M23 ∆% Revenue 11,446 11,109 3% 31,297 30,677 2% Cost of sales -7,978 -7,976 0% -22,577 -21,189 7% Operating expenses -552 -447 24% -1,578 -1,290 22% Other operating income / (expenses) 120 100 20% 636 -355 n.m. Operating profit / (loss) 3,035 2,787 9% 7,778
Slide 24: Balance Sheet
Balance Sheet m TL 9M24 2023 m TL 9M24 2023 Current assets 22,865 20,117 Current liabilities 7,706 9,056 Cash and cash equivalents 4,670 7,200 Short term borrowings 669 2,068 Financial investments 4,223 728 Trade payables 4,553 4,947 Trade receivables 7,115 5,899 Other current liabilities 2,484 2,04
Slide 25: Financial Results
Financial Results · Quarterly Net Income (m TL) L12M Net Income(m TL) 33.2% 34.7% 38.7% 36.6% 3,742 3,787 13,223 12,380 2,944 3,083 2,611 9,807 8,252 3Q23 4Q23 1Q24 2Q24 3Q24 4Q23 1Q24 2Q24 3Q24 24
Slide 26: Contact Information
Contact Information Ali Onur AYGÜN Finance Country Director Burak KÖROĞLU Accounting and Tax Director Kerimcan UZUN Investor Relations Manager OYAK Cement Contact Information : iletisim@oyakcimento.com investor.relations@oyakcement.com +90 312 220 01 12
Slide 27: Disclaimer
Disclaimer · Bu sunum OYAK Çimento Fabrikaları A.Ş. tarafından sadece bilgi sağlamak amacıyla hazırlanmıştır. OYAK Çimento Fabrikaları A.Ş. yönetimi tarafından sağlanan kamuya açık bilgiler ve verilere dayanmaktadır ve temel olarak, mevcut ve gelecekteki iş stratejilerimiz ve içinde faaliyet göstere
OYAK Çimento Fabrikaları A.Ş. — Q3 2024 Earnings Presentation on 6ix