Kocaer Celik Sanayi Ve Ticaret As · BIST:KCAER
Kocaer Celik Sanayi Ve Ticaret As — Kocaer Steel — Q1 2026 Earnings Presentation
14 slides from Kocaer Celik Sanayi Ve Ticaret As's earnings presentation, May 5, 2026
Slide 1: 1Q 2026 Earnings Presentation
1Q 2026 Earnings Presentation 05.05.2026 Go Go Beyond Beyond Excellence Excellence 1
Slide 2: World Steel Industry
World Steel Industry Global Crude Steel Production (million tons) 468.6 459.2 -%2.3 259 248 210 211 1Q 2025 1Q 2026 World (ex China) China World crude steel production continues to follow a weak trend, accompanied by regional divergences. Source: Worldsteel/ Steelorbis 2
Slide 3: Turkish Steel Industry
Turkish Steel Industry Production (million tons) Exports (million tons) 5 4.5 4 3.5 3 9.3 9.7 -%6.8 %5,3 2.5 3.7 3.5 2 1.5 1 1Q 2025 1Q 2026 1Q 2025 1Q 2026 5.3% -6.8% Turkey’s Production Turkey’s Export Volume Growth in 1Q 2026 Volume in 1Q 2026 3 Source: TSPA
Slide 4: Kocaer Steel Sales Volume
Kocaer Steel Sales Volume Total Sales Volume (tons) 150,171 144,645 The decline in Turkey’s total export volume due to escalating geopolitical tensions as of the end of February, has also been reflected in the company’s export performance, and total sales volume decreased 4% y/y. 1Q 2025 1Q 2026 4
Slide 5: Sales Channels
Sales Channels We have a diverse portfolio of over Domestic Sales 2,000 clients from different sectors • Direct Sales and regions around the world. Exports • Direct Sales • Through Representatives USA Italy Egypt Colombia Morocco • Distribution Channels 5
Slide 6: Geographic Breakdown of Sales
Geographic Breakdown of Sales Export - Registered 4% Other United Kingdom 3% 7% Domestic Middle East 34% 6% America 28% Split of Exports In 1Q 2026 Exports 62% North Africa Europe 44% 12% FX-denominated sales (domestic, international, and export-registered) comprise 90–95% of total sales. Operating
Slide 7: Distribution of Sales Volume by Product Category
Distribution of Sales Volume by Product Category 2022 2023 2024 2025 2026 1Q Value-Added Steel The share of value-added steel profiles 33.1% 42.0% 39.4% 41.6% 46.6% within our total sales volume has Profiles remained strong. Structural Steel Profile 43.0% 38.4% 34.8% 31.5% 31.6% I and H Shape Steel
Slide 8: Financial Performance
Financial Performance Despite challenging conditions, we delivered strong operational performance, with EBITDA of TL 715 million in Q1 2026. Net Sales (TL mn) Adjusted EBITDA (TL mn) 5.920 900 855 20.0% 800 715 5.055 700 15.0% 600 14.4 EBITDA Margin 500 14.1 10.0% 400 300 200 5.0% 100 0 0.0% 1Q 2025
Slide 9: Financial Performance (Quarterly)
Financial Performance (Quarterly) In the first quarter, EBITDA margin and EBITDA per ton performance was sustained. EBITDA / ton ($) EBITDA Margin (%) 14.4 137 14.1 13.6 14.1 128 114 111 9.6 78 121* 129* 74* 107* 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 * Figur
Slide 10: Financial Performance
Financial Performance Net Working Capital (TL mn) 3,170 3,757 Borrowings - Net Financial Debt (TL mn) Net İşletme Sermayesi 4,305 3,628 Ticari Alacaklar Stoklar 3,760 4,358 7.915 8.352 Ticari Borçlar 2.217 2.940 -4,895 -4,229 12/31/2025 3/31/2026 Borrowings Net Financial Debt 31.12.2025 31.03.2026 N
Slide 11: Foreign Currency Position
Foreign Currency Position FX Position 31.03.2026 ($mn) -59 -27 47 55 FX Assets FX Liabilities 92 79 Financial Assets 93 79 Inventory Trade -83 Payables -104 Trade Financial Receivables Liabilities +71 mn USD Including inventories, our net FX position reaches USD +71 million compared to USD -27 milli
Slide 12: Summary Financials
Summary Financials 2025 figures are in terms of purchasing power as of 31 March 2026. 12
Slide 13: Disclaimer
Disclaimer With the Capital Markets Board of Turkey’s Bulletin dated 28.12.2023 numbered 2023/81, CMB announced that issuers and capital market institutions shall prepare their annual financial statements ending on 31.12.2023 or later, in accordance with IAS 29 inflationary accounting provisions. Ac
Slide 14: Contact Kocaer Investor Relations
Contact Kocaer Investor Relations Visit our website at: www.kocaersteel.com/en/investor-relations yatirimci.iliskileri@kocaersteel.com 14 14