Oyak Cimento Fabrikalari A.s. · BIST:OYAKC
Oyak Cimento Fabrikalari A.s — OYAK Çimento Fabrikaları A.Ş. — Q2 2025 Earnings Presentation
31 slides from Oyak Cimento Fabrikalari A.s's earnings presentation, 2025
Slide 1: 2Q Financial Results
20 a 25 = e FINANCIAL RESULTS btcc GROUP HOLDINGS
Slide 2: Key Messages & Financial Highlights
01 Key Messages & Financial Highlights
Slide 3: Key Investment Highlights
01 Key Investment Highlights ✓ Market leader in Türkiye Operates in 3 countries, 7 regions in Türkiye with 24 m tons installed cement capacity & 12.6 m tons clinker capacity ✓ One of the leading white cement producer 1 m tons of white clinker capacity ✓ Wide product portfolio for building material s
Slide 4: Key Messages & Financial Highlights · 1H25 vs 1H24
01 Key Messages & Financial Highlights · 1H25 vs 1H24 Net Sales (2Q25) (vs 1Q25) (vs 2Q24) Net Sales (1H25) (vs 1H24) 23,371 m ₺ (501 m €) • Despite the increase in volume, revenue 12,395 m ₺ (247 m €) +13% -2% -5% decreased by 2% compared to the same period last year in 2Q25. EBITDA (2Q25) EBITDA (
Slide 5: Sustainability targets drive long-term value
01 Sustainability targets drive long-term value The first cement company in Türkiye to make a “Net Zero” commitment Alternative Fuel Usage 58% 24.5% 28.6% 17.4% Operational efficiency 6.4% 2016 2020 2024 2025 1H 2030 Readiness to regulatory changes Sustainability - Waste Heat Recover (WHR) investmen
Slide 6: Peer Analysis · Performance in 1H25
01 Peer Analysis · Performance in 1H25 -5% +31% -22% Sales Revenue OYAKC Competitor 1 Competitor 2 -21% 16% -58% EBITDA OYAKC Competitor 1 Competitor 2 -5 pp -2 pp -7 pp EBITDA Margin (%) 1H24 6 1H25 OYAKC Competitor 1 Competitor 2 Source: KAP, Public disclosures
Slide 7: Cement Sector
02 Cement Sector
Slide 8: Turkish Cement Market
02 Turkish Cement Market Black Sea Türkiye Clinker Prod. Cap. 10.7 m ton Clinker # of # of # of Integrated P. 8 Prod. Cap. Integrated P. Grinding P. # of Grinding P. 4 Marmara 98.3 56 19 Clinker Prod. Cap. 22.3 m ton m ton # of Integrated P. 11 # of Grinding P. 2 Clinker Capacity Group (m ton/year)
Slide 9: Turkish Cement Sector · 5M25, 5M24 and 5M23
02 Turkish Cement Sector · 5M25, 5M24 and 5M23 Cement Production (m ton) Export (m ton) 2023 – 2024 2023 – 2024 34.2 34.6 29.2 +17% 9.7 +4% 8.1 8.4 2024 –2025 2024 –2025 +1% 6.7 6.2 6.4 +15% Cement 2.2 3.3 1.4 Clinker 5M23 5M24 5M25 5M23 5M24 5M25 Domestic Cement Consumption (m ton) Clinker Stock (m
Slide 10: Turkish Cement Sector · 5M25 vs 5M24
02 Turkish Cement Sector · 5M25 vs 5M24 Domestic Cement Consumption (change %) Türkiye +1.7% -11.6% -12.4% +20.4% +0.5% -13.7% +18.3% +17.2% OYAK Cement Plants (integrated) Source: TCMB 10
Slide 11: Turkish Cement Sector · 1H25 vs 1H24
02 Turkish Cement Sector · 1H25 vs 1H24 Cement Exports (‘000 ton) Clinker Exports (‘000 ton) 1H24 1H25 1H24 1H25 +6% +33% 7.746 7.321 3.846 2.598 3.710 3.847 399 483 421 607 444 523 293 346 259 405 278 299 190 177 268 255 65 51 USA Italy Syria Albania Bulgaria Total Italy Ghana France Romania Ivory
Slide 12: OYAK Cement · Türkiye
02 OYAK Cement · Türkiye Cement Capacity Zonguldak İstanbul 24 m ton 5 1 3 Kocaeli 1 4 1 1 Bolu 3 Ordu 1 Rize 2 1 1 1 1 Ankara Concrete Capacity 1 14.5 m m 3 9 2 1 Aggregates Capacity 4 7.8 m ton Denizli 2 2 1 1 1 1 3 4 Mardin 1 7 2 Hatay Adana 1 Cement Plants (integrated) 1 0# Grinding Plants # RMC
Slide 13: Export Distribution Channels of OYAK Çimento
02 Export Distribution Channels of OYAK Çimento United Kingdom - Port of Bristol Romania - Port of Mangalia France - Port la Rouen France - Port la Nouvelle Türkiye - Port of Unye Portugal - Viana Do Castelo CIMPOR TRNC - Port of Famagusta OYAK 13
Slide 14: Financial Results
03 Financial Results
Slide 15: Financial Results · Volume increased despite stable prices in 2Q25
03 Financial Results · Volume increased despite stable prices in 2Q25 SALES REVENUE (m TL) EBITDA (m TL) NET INCOME (m TL) 35.4% 29.5% 26.6% 22.6% 22.4% 13.4% 9.6% 20.7% 12,661 13,034 12,395 -2% -38% -10% 10,977 YoY YoY YoY 4,480 3,845 13% -4% 142% QoQ 2,918 2,798 QoQ 2,841 QoQ 2,561 1,752 1,056 2Q2
Slide 16: Financial Results · 1H25 vs 1H24
03 Financial Results · 1H25 vs 1H24 SALES REVENUE (m TL) EBITDA (m TL) NET INCOME (m TL) 30% 24% 16% 16% 24,614 -5% 7,273 -21% -10% 23,371 YoY YoY YoY 5,716 4,022 3,617 1H24 1H25 1H24 1H25 1H24 1H25 EBITDA and Net Income Margin (%) 16 IAS-29 applied financials
Slide 17: Net Working Capital (NWC) · Sustainable level with highest collateralization
03 Net Working Capital (NWC) · Sustainable level with highest collateralization NWC as a % of 21% 19% 16% 16% 20% 20% Sales Revenue (LTM) NWC (m TL) 9,226 8,095 7,584 7,315 8,052 6,139 6,892 7,480 7,273 4,715 6,335 7,175 -4,937 -4,868 -5,612 -6,134 -6,058 -7,079 Trade Receivables Inventories Trade p
Slide 18: Net Cash (Debt) Development · Solid balance sheet for future investments
03 Net Cash (Debt) Development · Solid balance sheet for future investments Net Cash (Debt) m TL Net Cash (Debt) / EBITDA (LTM) -2,138 1,612 7,152 9,742 9,505 8,867 7,591 0.62 8,928 0.62 0.57 7,411 8,871 0.47 5,374 4,869 0.14 1,669 2,422 737 1,107 903 1,239 -20 -72 -1,445 -85 -1,326 -3,176 -2,564 -4
Slide 19: Free Cash Flow
03 Free Cash Flow m TL 5,716 FCF/ EBITDA - 1,846 1H25 - 926 3% - 2,774 170 EBITDA NWC Change Tax Payments CAPEX Free Cash Flow m TL 7,273 FCF/ EBITDA - 2,384 1H24 - 357 - 1,889 36% 2,644 EBITDA NWC Change Tax Payments CAPEX Free Cash Flow 19 IAS-29 applied financials
Slide 20: Q&A
Q&A
Slide 21: Appendix
04 Appendix
Slide 22: TCC Group Holdings (TCC) · Building a Green Future
04 TCC Group Holdings (TCC) · Building a Green Future TCC Global Operations TCC at a Glance 1,010 MWh Energy Storage Capacity • Founded on May 1, 1946. • Reorganized as TCC on January 1, 1951. Italy France Spain Australia US • Privatized in 1954 and management was taken over by the Koo family. 857k
Slide 23: TCC · Global Footprint
04 TCC · Global Footprint Taiwan China Cement Capacity Clinker Capacity United Kingdom 77 m ton 65.8 m ton Netherlands France Portugal Cement Capacity Clinker Capacity Romania 35 m ton 18.0 m ton Türkiye TRNC Integrated Grinding Calcined Facility Facility Clay Facility 10 7 3 Cape RMC Aggregates Pap
Slide 24: Cement Product Portfolio
04 Cement Product Portfolio NEW NEW • 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 R • CEM II/A-M (P-LL) 42.5 R • CEM II/A-S 42.5 R • CL 80 -
Slide 25: OYAK Concrete · The Brand Name of Big Ticket Projects in Türkiye
04 OYAK Concrete · The Brand Name of Big Ticket Projects in Türkiye 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 prod
Slide 26: Income Statement
04 Income Statement m TL 2Q25 2Q24 ∆% 1H25 1H24 ∆% Revenue 12,395 12,661 -2% 23,371 24,614 -5% Cost of sales -9,505 -8,944 6% -17,655 -18,101 -2% Operating expenses -952 -693 37% -1,705 -1,272 34% Other operating income / (expenses) 13 599 -98% 177 640 -72% Operating profit / (loss) 1,951 3,624 -46%
Slide 27: Balance Sheet
04 Balance Sheet m TL 1H25 2024 m TL 1H25 2024 Current assets 30,083 26,420 Current liabilities 15,458 11,190 Cash and cash equivalents 7,591 7,411 Short term borrowings 1,326 72 Financial investments 4,869 2,422 Trade payables 6,058 7,079 Trade receivables 9,226 8,095 Other current liabilities 8,07
Slide 28: Cash Flow
04 Cash Flow m TL 1H25 1H24 A. CASH FLOWS FROM OPERATING ACTIVITIES 1.383 2.777 Profit for the Period 3.617 4.022 Adjustments Related to Reconciliation of Net Profit for the Period 1.318 1.616 Changes in Working Capital -2.030 -2.084 Cash Flows from Operations 2.906 3.555 - Payments Related to Provi
Slide 29: Financial Results · Quarterly Managerial Revenue and EBITDA Development
04 Financial Results · Quarterly Managerial Revenue and EBITDA Development Quarterly Revenue (m TL) L12M* Revenue (m TL) 44,546 41,509 39,289 36,102 12,233 11,159 11,035 32,012 10,118 9,196 28,257 7,898 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 Quarterly EBITDA (m TL) L12M EBITDA (
Slide 30: Contact Information
Contact Information Ali Onur AYGÜN Country Director – Financial Affairs Sena ATAY Investor Relations Manager OYAK Cement Contact Information : iletisim@oyakcimento.com investor.relations@oyakcement.com +90 312 220 01 12
Slide 31: Disclaimer · Forward-looking Statements
Disclaimer · Forward-looking Statements This presentation (Presentation) has been prepared by OYAK Çimento Fabrikaları A.Ş. for the sole purpose of providing information relating to OYAK Çimento Fabrikaları A.Ş. This Presentation is based on public information and data provided by OYAK Çimento Fabri
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