Turk Traktor Ve Ziraat Makineleri A.s. · BIST:TTRAK
Turk Traktor Ve Ziraat Makineleri A.s — Q1 2026 Earnings Presentation
37 slides from Turk Traktor Ve Ziraat Makineleri A.s's earnings presentation, Apr 29, 2026
Slide 1: Investor Presentation
1 INVESTOR PRESENTATION 29.04.2026
Slide 2: Disclaimer
DISCLAIMER 2 Withthe CapitalMarketsBoardof Turkey’sBulletindated28.12.2023 numbered2023/81, CMB announcedthatissuers and capitalmarketinstitutionsshall preparetheirannualfinancialstatementsendingon 31.12.2023 or later,in accordancewith IAS 29 inflationaryaccountingprovisions. Accordingly,this presen
Slide 3: Corporate Structure
CORPORATE STRUCTURE 3 Total2,113 employees** 1,481 shop-flooremployee Established in 632 officeemployee 1954 54,000 units tractorproductioncapacity* The oldest continuously manufacturing company of Turkish automotive industry Shareholder Structure Founded in 1926, Koç Holding is Free Float CNH Indus
Slide 4: Plants & Facilities
PLANTS & FACILITIES 4 Ankara Factory Erenler Factory Ankara CE Facility İzmir CE Facility Engine, Transmission and Axle Manufacturing Center Paint shop, Cabin Manufacturing and Tractor Indoor Area : 3,245 m2 Opening : 18.09.2014 CE Manufacturing Center Assembly Processes Total Area : 9,748 m2 Indoor
Slide 5: TürkTraktör
TÜRKTRAKTÖR 5 Position within CNH Industrial The sole design and production centerNew of Holland TDand Case IH JX series tractors The First R&D Center in its Sector in the world Manufacturing Technology R&D Center with total area13,315 of m2 which is accredited by the Ministry of Industry The sole p
Slide 6: Investment Highlights
INVESTMENT HIGHLIGHTS 6 Leading tractor manufacturer 1 with diversified product range The largest tractor producer in Turkey 2 Sustainable growth 3 Good shareholder returns with 54K tractor capacity Tractor market leader for the last Vertically integrated operation consecutive 19 years Has long-term
Slide 7: TürkTraktör at a Glance
TÜRKTRAKTÖR AT A GLANCE 7 Tractor Manufacturing(unit) Total Tractor Sales (unit) Import Tractor Domestic Tractor Export 43,611 44,490 25,833 27,023 8,037 7,706 5,035 4,471 2024 2025 2025/3 2026/3 2024 2025 2025/3 2026/3 Total Revenue(million TL) Gross Profit(million TL) 16,550 10,056 2,104 663 2025/
Slide 8: Value Created for Our Shareholders
VALUE CREATED FOR OUR SHAREHOLDERS 8 Foreign Ownership in Free Float(%) Stock Chart 350 300 250 39.5 33.5 200 27,6 27.5 26.6 150 100 50 0 TürkTraktör BIST - 100 BIST - 30 BIST - MESY Earnings per Share 3.1 -12,8 2025/1Q 2026/1Q
Slide 9: Tractor
TRACTOR 9 • TürkTraktör has continued to be the first choice of farmers as the uninterrupted market leader in the Turkish tractor market for the 19 years, with the broadest sales and -after Local Tractors(55HP-145HP) Local Tractors(65HP-117HP) ImportTractors(130HP-340HP) sales service network of New
Slide 10: Construction Equipment
CONSTRUCTION EQUIPMENT 10 • TürkTraktör, which stepped into the construction equipment industry in 2013 as the distributor of Case and Light Construction Equipment Light Construction Equipment New Holland branded construction equipment, provides services in this field with its wide product range con
Slide 11: Agricultural Equipment
AGRICULTURAL EQUIPMENT 11 Agricultural Equipment Agricultural Equipment • Agricultural equipment covers a wide range of actively used products in all processes, starting soilwith preparation, tillage, planting, spraying, fertilizing, and then harvesting haulage. and • In the agricultural equipment g
Slide 12: Market Position of Our Brands
MARKET POSITION OF OUR BRANDS 12 • Market leader for almost 19 years in a row • Targeting professional farmers • 36.3%* market share • 3th brand in the market • The largest dealer network • 8.4%* market share covering all regions • Wide customer portfolio • TürkTraktör started domestic production of
Slide 13: Network - Tractor
NETWORK - TRACTOR 83 New Holland Tractor Dealer 38 Case IH Tractor Dealer Broadest network in Turkey’s agricultural sector Widely distributed and close to customer 360 service* Our Strengths (New Holland and Case IH) Financially strong in Network Wide customer portfolio Experience 137 spare parts de
Slide 14: Network – Construction Equipment
NETWORK – CONSTRUCTION EQUIPMENT 14 3 TürkTraktör CE Dealer 27 New Holland CE Dealer 5 Case CE Dealer *as of 31.03.2026
Slide 15: Turkish Agriculture Sector
TURKISH AGRICULTURE SECTOR 15
Slide 16: Turkish Agriculture Sector
TURKISH AGRICULTURE SECTOR 16 Turkey’s agricultural economy 7. (as of 2024) Turkey’s agricultural economy 1. (as of 2025) Share in GDP 4.8% (as of 2025) Share in the total employment 13.8% (as of 2025/4Q) in the World in Europe Agricultural Production 2024 - 2025 (million ton) 2024 2025 136.9 121.0
Slide 17: Agricultural Support Programs in Turkey
AGRICULTURAL SUPPORT PROGRAMS IN TURKEY 17
Slide 18: Agricultural Support Programs in Turkey
AGRICULTURAL SUPPORT PROGRAMS IN TURKEY 18 Agricultural Subsidy Payments(billion TL) Agricultural Investment Supports(billion TL) 190.0 168.0 166.3 158.6 100.6 91.6 63.4 39.6 41.3 21.9 23.0 25.1 17.0 12.1 5.1 5.1 2019 2020 2021 2022 2023 2024 2025 2026 2019 2020 2021 2022 2023 2024 2025 2026 Budget
Slide 19: Consumer Finance
CONSUMER FINANCE TiirkTraktor e100
Slide 20: Consumer Finance
20 CONSUMERFINANCE Interest Rates Ziraat Bank is in a competitive position with post-subsidy a interest rate of 20.4%. 58.8% 50.4% 49.2% 47.0% 45.0% 45.0% 45.0% 43.8% 42.0% 42.0% 58.8% 40.8% 36.6% 29.4% Ziraat Bankloan usage was 20.9% in April 2026. 20.4% 29.4% 18.0% 25.2% 24.6% 23.5% 22.5% 21.0% 22
Slide 21: TürkTraktör Finance
TURKTRAKTOR FINANCE TurkTraktor ges Finans TiirkTraktor
Slide 22: TürkTraktör Finance
TÜRKTRAKTÖR FINANCE 22 First in the Turkish agriculture sector Aimed to enable farmers to have new tractors through the alternative financial solution and to support the increase of mechanization and modernization of agriculture All Financial Solutions Covers tractor, agricultural equipment, and Und
Slide 23: Highlights of Turkish Tractor Market
HIGHLIGHTS OF TURKISH TRACTOR MARKET 23
Slide 24: Highlights of Turkish Tractor Market
HIGHLIGHTS OF TURKISH TRACTOR MARKET 24 ~ 2M 650K Total Tractors older Tractor than35 years ~ 1.3M* 48% Ratio of the Actively used tractors >24 Tractor years Turkey was the th 5 biggest tractor market in the world in the 2025 *Source: Association of Turkish Insurance and Reinsurance Compan
Slide 25: Global Tractor Market
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Slide 26: Global Tractor Market
GLOBAL TRACTOR MARKET 26 Turkey is theworld’s 5th largest tractor market according to total tractor sales in 2025. Total Global Market(Thousand Unit) Most important export markets contracted 5% 2023 2024 2025 25 vs. 24 Global tractor market increased 5% in 2025 Important Export 2025 vs. 2026 Forecas
Slide 27: Export
EXPORT 27 Tractor Export from Turkey(unit) TürkTraktör’s Export(unit) Source: Tarmakbir Total TürkTraktör 12% decrease 17,106 15,328 12,516 12,516 11,023 11,023 3,455 2,446 3,922 2,800 2,446 2,800 2024 2025 2025/3 2026/3 2024 2025 2025/3 2026/3 TürkTraktör’s Share in Export TürkTraktör is an interna
Slide 28: Production
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Slide 29: Tractor Production in Turkey & TürkTraktör
TRACTOR PRODUCTION IN TURKEY & TÜRKTRAKTÖR 29 Tractor Production of Turkey(unit) TürkTraktör’s Production(unit) Source:Tarmakbir Total TürkTraktör 72,562 41% decrease 43,611 42,734 43,611 25,833 25,833 12,558 8,037 8,698 5,035 8,037 5,035 2024 2025 2025/3 2026/3 2024 2025 2025/3 2026/3 TürkTraktör’s
Slide 30: Turkish Tractor Market & TürkTraktör
TURKISH TRACTOR MARKET & TÜRKTRAKTÖR 30 Turkish Tractor Market(unit) Market Share of TürkTraktör Source: TURKSTAT Total TürkTraktör Source:TURKSTAT 63,546 40,498 29,380 46.2% 46.7% 44.7% 15,570 38.4% 10,447 4,883 4,276 1,911 2024 2025 2025/3 2026/3 2024 2025 2025/3 2026/3 Market Market The Turkish t
Slide 31: Sales of TürkTraktör
SALES OF TÜRKTRAKTÖR 31 Tractor Sales of TürkTraktör(unit) Locally produced tractor salesdecreased by68% Import Local Export in 2026/3. 31,222 Import tractor salesdecreasedby 52% in 2026/3. 15.577 12,516 11.023 5.189 In 2026,tractor exportsdecreasedby 14% compared to 2025. 752 423 71 2.446 34 1.637
Slide 32: Financial Results
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Slide 33: Key Performance Indicators
KEY PERFORMANCE INDICATORS 33 EBITDAMargin Average NWC / Sales 17.6% 14.7% 11.4% 9.2% -4.1% -1.3% 2024 GP Margin Operating 2025 2024 2025 Expenses CAPEX/Sales Free Cash Flow Net Financial Debt 8,744 6.7% 5.7% 4,147 2,839 2,056 2024 2025 2024 2025 2024 2025
Slide 34: Key Performance Indicators
KEY PERFORMANCE INDICATORS EBITDA Margin Average NWC / Sales 7.8% 19.1% 12.9% 4.0% 0.3% -6.0% -5.5% 1Q25 GP Margin Operating Depreciation 1Q26 1Q25 1Q26 Expenses CAPEX/Sales Free Cash Flow 8.6% 560 (Million TL ) 4.2% (Million TL ) (255) 1Q25 1Q26 1Q25 1Q26
Slide 35: Summary Financials
SUMMARY FINANCIALS 35 Million TL 1Q26 1Q25 YoY % 4Q25 QoQ % Revenue 10,056 16,650 (40) 14,205 (29) Gross Profit 663 2,104 (68) 1,527 (57) Operating Profit (862) 494 (275) 24 (3,637) Other Inc./Exp. 14 60 (77) 327 (96) Financial Income/Expense (1,011) (752) 34 (1,274) (21) Monetary Gain/Loss 763 619
Slide 36: 2026 Expectations
2026 EXPECTATIONS 36 Tractor Market : 20,000 – 26,000 units Turkish Tractor Industry Volume* 8,000 – 10,000 units Local Tractor Sales**: Tractor Exports:11,000 – 13,500 units CAPEX: 60 – 70 million $ * Dueto thecontractionin thedomestictractormarket,ourexpectationforthetotalsize of theTurkishtractor
Slide 37: Investor Relations Contact
INVESTOR RELATIONS CONTACT 37 Fatma CAVLİ Tuba ŞENOL MİLLİ Investor Relations Team Leader Investor Relations Leader Specialist Fatma.Cavli@turktraktor.com.tr Tuba.SenolMilli@turktraktor.com.tr investorrelations@turktraktor.com.tr
Türk Traktör ve Ziraat Makineleri A.Ş. — Q1 2026 Earnings Presentation on 6ix