Slide 1: Investor Presentation
Investor Presentation Mar’26 Kordsa.com
Slide 2: Highly successful reinforcer growing into an advanced materials company
Highly successful reinforcer growing into an advanced materials company 4 7 12 3,900+ 2 2 CONTINENTS COUNTRIES FACITILITIES EMPLOYEES R&D CENTERS TECHNICAL CENTERS
Slide 3: Successfully Building the Future of Reinforcement
Successfully Building the Future of Reinforcement Being a global Growth in Transformation to Advanced TCF player in independent Growth in Regions & Composite & Material Company Growth local basis player Value Added Products Construction Digital Kordsa 5.0 with JV 1973-1985 1986-2000 2001-2005 2006-2
Slide 4: Why invest in Kordsa
Why invest in Kordsa Strong hedge position to country risks Growth in composite reinforcement market & through 100% hard-currency revenue evolving to advanced materials company Strong cash Strong generation Protected customer base ESG through Global footprint position 4
Slide 5: Composite Reinforcement Tire Reinforcement
Reinforcing 1 out of every 3 automobile tires as well as 2 out of every 3 aircraft tires globally Global Leading Position Trusted Partner Tire Reinforcement #1 TireCord Fabric Producer Longstanding Strategic Partner Status with all Global Tire Players Agile production capabilities / demand fulfillme
Slide 6: Strong hedge position to country risks through 100% hard-currency revenue
Strong hedge position to country risks through 100% hard-currency revenue EUR-Basis Domestic 6% Natural Hedge to 22% FX/Türkiye Position Shipment Fx-Based -Based Revenue Revenue International USD-Basis 94% 78% 6
Slide 7: Operations
OPERATIONS FINANCIALS 7
Slide 8: We reinforce mobility through our tire reinforcement products
We reinforce mobility through our tire reinforcement products GROOVE 01 A tire is a highly complex composite with approx. 40 components RIB working under dynamic conditions enduring heat and motion 02 By weight: 350-450gr per tire CAP PLIES 03 By value => Approx 7-10% cost of a tire is Tire Cord Fab
Slide 9: We reinforce safety through our composite technologies
We reinforce safety through our composite technologies COMPOSITE PARTS Composites use in aerospace & automotive is increasing, due to improved material properties and weight savings over conventional materials «Lightweighting» is a major theme, driven by emission regulations as well as fuel- efficie
Slide 10: China's accelerated move up the value chain to intensify pressure on mature markets
10 China’s accelerated move up the value chain to intensify pressure on mature markets, while tire production in the EU and US show no signs of returning to pre-2019 levels. Structural demand shifts, trade policies, and supply chain realignments are reshaping the industry landscape Global Automotive
Slide 11: Slowdown in automotive continues, aerospace & defence growth supported
11 While the slowdown in the automotive segment continues, growth in the aerospace & defence segments is further supported by other industries. Global Composite Prepreg Market (M$) Global Composite Textile Market(M$) 6% 5% 9% 10% 6% 120 14% 117 115 111 1,184 2,872 1,037 1,111 100 971 2,742 2,615 881
Slide 12: Our aim is to build balanced portfolio between tire and composite reinforcement
Our aim is to build balanced portfolio between tire and composite reinforcement 2025 Revenue Split 2024 Revenue Split Other Other Asia 2% 3% 14% Asia Composite Composite 21% 25% 21% EMEA EMEA 40% 38% SA SA By By 10% By By 11% Region Product Region Product TCF & Yarn NA NA 76% TCF & Yarn 31% 35% 73%
Slide 13: Strong financial performance in evolving advanced materials company
Strong financial performance in evolving advanced materials company FINANCIALS OPERATIONS 13
Slide 14: China continues to grow in the value chain
China continues to grow in the value chain Revenue (M$) REVENUES Tire : PT Indo Kordsa Flood Effect Preservation of market position, excluding the effects of the flood disaster Gradual resumption of production following flooding in Indonesia 1,154 906 888 1,003 929 Composite : A notable increase in
Slide 15: Remarkable contribution from Composite segment and cost optimization projects
Remarkable contribution from Composite segment and cost optimization projects offsets adverse impact of Indonesia Flood Effects EBITDA Bridge (MUSD) Contribution: Sales – Variable Costs * Tire Contribution including all other businesses except composite ** Business-Interruption related *** If we adj
Slide 16: Focus on improved working capital and net debt level
16 Focus on improved working capital and net debt level Trade Working Capital (M$) Net Debt / Adjusted EBITDA* 6.5 6.3 -76 M$ 5.4 5.7 5.0 -20 M$ 246 227 282 207 246 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25** Amount Avg. Int. Rates Net Debt** (M$) M$ 31.12.2024 31.12.2025 % % -71 M
Slide 17: Sustainability Approach
SUSTAINABILITY APPROACH Our sustainability strategy has been created within the framework of our material issues and is in harmony with our business strategy. Our enablers through our sustainability journey are Technology and Digitalization. Passion for Responsibility for Innovation for Business Exc
Slide 18: Ambition: emissions reduction targets across scopes 1, 2 & 3
LOW CARBON TRANSITION PLAN Ambition: emissions reduction targets across scopes 1, 2 & 3 Kordsa to be a leader in sustainability and realized approved science-based greenhouse gas Reduction Focus Areas: Emission Reduction Targets: Scope 3: Scope 1 & 2: Scope 1 & 2 Renewable electricity procurement Al
Slide 19: Why invest in Kordsa
Why invest in Kordsa Strong hedge position to country risks Growth in composite reinforcement market & through 100% hard-currency revenue evolving to advanced materials company Strong cash Strong generation Protected customer base ESG through Global footprint position 19
Slide 20: Thank You
Thank You THE REINFORCER
Slide 21: Kordsa fabrics and prepregs offer cutting edge solutions for aerospace & automotive markets
Kordsa fabrics and prepregs offer cutting edge solutions for aerospace&automotive markets INTERMEDIATES RAW MATERIALS Weaving Prepreg Fibers: Value added products comprised of The sole supplier of Carbon Fiber - ceramic, carbon, aramid, glass for B787 - Dreamliner Aramide various industries such as
Slide 22: Kordsa fabrics are developed for specific requirements and custom made
Kordsa fabrics are developed for spesific requirements and custom made MANUFACTURING PROCESS RAW Polymerisation NY66 and Twisting Greige Chemical Dipped and Yarn PET HMLS and Fabric Treatment Fabric MATERIALS Spinning Yarns Weaving (dipping) Oil derivative Integrated production Chemicals and Polymer
Slide 23: Despite strong competition in Tire Reinforcement, Ox-Ox ceramic matrix composite demand supports profitability
Despite strong competition in the Tire Reinforcement segment, the increased demand for the Ox-Ox ceramic matrix composite, for which we are the sole supplier, continues to support profitability outside of one-off effects. USD Financials (MUSD) 4Q'24 4Q’25 Δ 1Q'25 2Q'25 3Q'25 4Q'25 Sales 225 179 -20.
Slide 24: Balance Sheet
Balance Sheet TL Financials (MTL) USD Financials (MUSD) YE 2024 YE 2025 Δ YE 2024 YE 2025 Δ Cash and Cash Equivalents 4,225 6,516 2,291 120 152 32 Account Receivables 5,690 4,908 -781 161 115 -47 Inventories 7,474 7,766 292 212 181 -31 Other Current Assets 1,238 1,589 351 35 37 2 PPE & Intangibles 1
Slide 25: Hard Currency Revenue
25 Hard Currency Revenue Other FX exposure 2% Depreciation 5% 4% 2% Distribution & 11% 22% Packaging 6% Costs 4% YE’25 Revenue 17% (YE’25) 7% Expenses by (YE’25) Energy Nature 54% Expenses Raw Materials 70% 78% 19% Personel Expenses US $ TL EUR US $ EUR IDR BRL Baht • Hard currency revenues • Abilit