Arcelik A.s. · BIST:ARCLK
Arcelik A.s — Investor Presentation (October 2025)
43 slides from Arcelik A.s's investor presentation, October 2025
Slide 1: Investor Presentation October 2025
Investor Presentation October 2025 Investor Relations Sensitivity: Internal / Non-Personal Data
Slide 2: Agenda
Agenda ▪ Company Overview ▪ Investment Highlights ▪ 3Q25 Highlights ▪ Guidance ▪ Sustainability ▪ Appendix Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 3: Company Overview
Company Overview Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 4: Arçelik: Such a great history
Arçelik Such a great history... • Establishing a new JV with Hitachi* (2021) • Acquisition of Whirlpool Türkiye Plants** (2021) • Issuance of EUR350mn Greenbond • Acquisition of Defy in South • Acquisition of Whirlpool’s Russian assets Africa (2011) (2022) • Beko starts marketing & sales • Establish
Slide 5: Arçelik key facts
122 57 subsidiaries countries 40 22 production Brands* 28 R&D and design facilities center & offices ≈ 50Kemployees ≈ 11 BILLION EUR consolidated revenues As of 2024 year-end * Owned or used with a limited license Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 6: Production Network
Production Network 4% 5% 12% 2025 47% as % of Total Production Türkiye 32% CIS & Eastern Europe Asia-Pacific Western Europe Africa & Middle East 40 Manufacturing Facilities in13 Countries Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 7: Strong Global Footprint
Strong Global Footprint With strong partnerships and brands, we manage a diversified portfolio that reaches millions of households worldwide. * Licensee limited to certain jurisdictions Investor Presentation Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 8: Arçelik: A leading global household appliances company
Arçelik A leading global household appliances company with… Strong Ownership Structure Diversified Revenue Composition Leading Positions* 9M25 Founded in 1955, Arçelik has grown to become 57.43% Koç Group the largest white goods company in Europe! 19% Market leader in Türkiye. 20% 33% 34% Market lea
Slide 9: Investment Highlights
Investment Highlights Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 10: Investment Case
Investment Case Diversified Revenue Generation Serving customers in over 150 countries with a wide product range and enhanced brand portfolio including 22 brands. with a Wide Range of Products Lovemark in Türkiye as the leading white goods producer, number one player in Leading Positions in Key Mark
Slide 11: Diversified Revenue Generation with a Wide Range of Products
Diversified Revenue Generation with a Wide Range of Products Serving customers in over 150 countries with a wide product range including 22 brands Sales Breakdown Product Range 3Q25 9M25 Built-in & Freestanding Consumer Electronics Major Appliances ▪ TV’s ▪ Refrigerators ▪ Smart Phone’s ▪ Freezers ▪
Slide 12: Leading Positions in Key Markets
Leading Positions* in Key Markets Lovemark in Türkiye, number one player in Europe, leading positions in EM markets Premium brand in Türkiye, continuously a significant market leader and Lovemark for consecutive years. Market leader in Europe as the fastest growing white goods brand in the European
Slide 13: Proven Track Record of Inorganic Growth
Proven Track Record of Inorganic Growth Geographical expansion backed by smart strategy 2002 Acquisitions of Elektrabregenz, Blomberg, Leisure, Flavel, Arctic 2007 Acquisition of Grundig 2011 Multimedia and Grundig Brand Acquisition of Defy in South Africa 2016 Acquisition of Dawlance 2018 in Pakist
Slide 14: Cost Competitiveness with Huge Production Network
Cost Competitiveness with Huge Production Network Expanding production base through acquisitions and greenfield investments Low-Cost Base 4% 5% Most labor-intensive functions, including HQ, R&D and production facilities located in low-cost countries. 12% 2025 Economies of Scale 47% as % of Total Hug
Slide 15: Financial Strength & Ratings in line with Türkiye Sovereign
Financial Strength & Ratings in line with Türkiye Sovereign Solid revenue growth and sustainable margins 33.8% 33.0% 31.8% 32.0% 31.2% 31.7% 32.0% 138,873 30.5% 30.0% 29.5% 29.3% 27.6% 138,823 40,765 13.1% 20,789 289,675 10.4% 11.0% 10.8% 11.0% 10.4% 10.5% 10.1% 9.4% 8.9% 232,380 8.2% 93,151 14,103
Slide 16: Financial Strength & Ratings in line with Türkiye Sovereign
Financial Strength & Ratings in line with Türkiye Sovereign Recognized diversification by rating agencies, ratings in line with the Türkiye sovereign S&P Global Ratings Fitch Ratings BB- BB- BBB BBB Stable Negative Negative BBB- Investment Grade Threshold BBB- Investment Grade Threshold Negative Neg
Slide 17: Leading R&D Capabilities & Sustainability Vision
Leading R&D Capabilities & Sustainability Vision Designing technologies that will improve the future We integrate rapidly developing technologies into our business model. We dream …and are taking concreate steps around the world toward our 2030 of a more goals to address the needs of the planet and
Slide 18: 3Q25 Highlights
3Q25 Highlights Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 19: 3Q25 Highlights
3Q25 Commitment to improving profitability despite the challenging HIGHLIGHTS demand environment TRY 124.4bn Consolidated revenues decreased by 11.4% y/y in real terms mainly due to Consolidated Revenues decreasing sales volume and pricing challenges in international markets. Domestic demand was mod
Slide 20: Key Factors / Sales & Margins
Key Factors / Sales & Margins CHANGE IN REVENUE GROSS MARGIN ADJ. EBITDA MARGIN* -11.4% 29.1% 7.0% Unfavorable price & product mix in TR Lower raw material costs y/y Higher Gross Margin Weak demand in international markets Favorable EUR/USD parity Synergy & cost savings Underperformance in Europe Pr
Slide 21: Summary Financials
Summary Financials TRY mn 3Q25 3Q24** y/y (%) 2Q25* q/q (%) 9M25 9M24** y/y (%) Revenue 124,446 140,480 -11 130,471 -5 379,269 401,698 -6 Gross Profit 36,180 37,091 -2 37,059 -2 108,881 111,667 -2 Operating Profit 2,776 458 507 1,835 51 5,754 6,594 -13 Other Inc. / (Exp.) 112 (999) -111 (368) -130 (
Slide 22: Continued commitment to deleveraging
Continued commitment to deleveraging Net Debt* & Leverage** Debt Currency & Rates Breakdown Currency Effective Original Currency TRY Equivalent *** Interest Rate p.a. (mn) (mn) EUR 4.4 2,026 97,609 TRY 33.4 40,800 40,800 200,000 5.17 200,000 USD 8.0 300 12,469 BDT 12.6 17,119 5,843 ZAR 9.0 1,500 3,6
Slide 23: Key Performance Indicators
Key Performance Indicators Adj. EBITDA Margin* Working Capital/Sales** 2.7% 0.6% 7.0% 21.4% 20.9% -0.8% 4.4% 3Q24 Operating 3Q25 2024 3Q25 GP Margin D&A Expenses CAPEX/Sales*** Free Cash Flow 4.6% 2.8% -12,271 TRY mn -36,149 9M24 9M25 9M24 9M25 * Adj. EBITDA: GP – OPEX (excluding one-off transaction
Slide 24: Guidance
Guidance Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 25: 2025 Guidance
2025 Guidance Given the recent macro-outlook and uncertainties both in domestic and international markets, we are revising our guidance for the year-end. 2025 Initial 2025 Revised Guidance Guidance Revenue Türkiye (in TRY) Flattish ≈ -5% International (in FX) ≈ +15% ≈ +5% to +10% Adj. EBITDA Margin*
Slide 26: Sustainability
Sustainability Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 27: We design technologies that will improve the future
We design technologies that will improve the future We are determined to put our efforts into building a sustainable supply chain, developing a sustainable product range, improving the lives of people, and maintaining our leadership in sustainability In Touch With Our Planet In Touch With Human Need
Slide 28: Ambitious 2030 Targets
Ambitious 2030 Targets 100 MW 15% 80% 99% 100% Establish renewable Energy consumption Arçelik Green Chemistry Increase waste Green electricity energy systems with a per product in Management System recycling ratio in all usage in all capacity manufacturing implementation in all manufacturing facilit
Slide 29: Net zero emissions in our value chain by 2050
In Touch With Our Planet We are committed to achieving net zero emissions in our value chain by 2050 Net Zero Roadmap Net Zero Roadmap ▪ Base Year: 2022 ▪ Near Term Target: 2030 31,753,839.00 ▪ Long Term Target: 2050 In 2024, the Science Based Targets initiative 21,911,357.00 (SBTi) approved Arçelik
Slide 30: Ambitious 2030 Targets: needs of society
Ambitious 2030 Targets to meet the needs of society 100K Girls** 150 Women** 60% 560 Women Engineers*** 1000 Women** Provide STEM Increase the number of Increase the employment Support the career Increase the number of Training by 2026 women dealers by Rate of women employees development women techn
Slide 31: Ambitious 2030 Targets: progressive global citizen
Ambitious 2030 Targets for being a progressive global citizen * 32 hours 35% 32% 38% Training hours per Ratio of women Ratio of women in Ratio of women in employee in the total workforce top management STEM related positions positions 5000 100% ISO 50001 Supplier employees Ensure our suppliers** use
Slide 32: Green Financing
Green Financing Green Bond Green Loan Sustainability-Linked EUR 350 Million EUR 150 Million Financing Framework Arçelik has issued green bonds with a Arçelik has signed an eight-year EUR 150 Our Sustainability-Linked Financing nominal value of EUR 350 million and million loan agreement with the Euro
Slide 33: Among the top performers in global indices
Our success is recognized: We are among the top performers in global indices. Included WEF Global Lighthouse Network with Washing By scoring 87 (out of 100) in the 2024 S&P Global Machine Plant in Ulmi, Romania in 2018 , Eskişehir Corporate Sustainability Assessment, Arçelik Refrigerator Plant in 20
Slide 34: Among the top performers in global indices
Our success is recognized: We are among the top performers in global indices. As a result of the 72 out of 100 points that Arçelik Arçelik achieved 1st place in its sector with received in the 2025 EcoVadis Sustainability 88/100 in 2023 LSEG ESG evaluation Assessment, the company was awarded a "Silv
Slide 35: Our Partnerships
Our Partnerships: We support and guide the work of respected international and local organizations. We are a member of WBCSD and actively support the Arçelik became one of the 200+ companies that Support development of corporate finance Council’s workstreams.. Our CEO Hakan Bulgurlu have signed the
Slide 36: Appendix: Beko Europe
Appendix Beko Europe Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 37: Beko Europe
Beko Europe Number one* player in Europe market, with the launch of Beko Europe! ▪ Beko Europe is a leading home appliances business, dedicated to changing the lives of our customers through a wide range of innovative and sustainable household products and solutions. ▪ Newly formed Beko Europe’s 75%
Slide 38: Beko & Whirlpool Europe Transactions
BEKO & WHIRLPOOL Europe TRANSACTIONS ▪ Arçelik's and Whirlpool’s production, sales, and marketing subsidiaries operating in Europe was On January 17, 2023*, Arçelik A.Ş. and transferred under a structure where Arçelik will control a 75% majority stake, Arçelik's wholly- Whirlpool signed an agreement
Slide 39: Beko Europe
Beko Europe Number one player in Europe, with the launch of Beko Europe! Transaction: Subsidiaries: Facilities: Beko Europe has transferred Whirlpool Europe’s Beko Europe now includes 69 subsidiaries, of Beko Europe owns 16* plants, of which 14 plants white goods production, sales and marketing whic
Slide 40: Efficiency improvements to deliver long-term sustainable growth and profitability
Efficiency improvements to deliver long-term sustainable growth and profitability* Optimization in Office Positions**: Investing in technology and AI tools to work in an agile manner and drive efficiency across our global operations: As of 3Q25, ▪ Driving productivity through organizational restruct
Slide 41: Contacts
Contacts Barış Alparslan Mine Şule Yazgan Sezer Ercan Delal Alver Chief Financial Officer Finance & Enterprise Risk Investor Relations Capital Markets Compliance (+90) 212 314 39 01 Executive Director Senior Lead Senior Lead (+90) 212 314 30 60 (+90) 212 705 96 81 (+90) 212 314 39 56 www.bekocorpora
Slide 42: Disclaimer
Disclaimer This presentation contains information and analysis on financial statements as well as forward-looking statements that reflect the Company management’s current views with respect to certain future events. Although it is believed that the information and analysis are correct and expectatio
Slide 43: Thank You!
Thank You! Investor Relations Sensitivity: Internal / Non-Personal Data