Kordsa Teknik Tekstil A.s. · BIST:KORDS

Kordsa Teknik Tekstil A.s — Q2 2025 Earnings Presentation

16 slides from Kordsa Teknik Tekstil A.s's earnings presentation, Aug 8, 2025

  1. Slide 1: 2Q'25 Financial Results

    Kordsa.com 2Q’25 Financial Results Earnings Release Aug 8 2025

  2. Slide 2: Disclaimer

    Disclaimer The information and opinions contained in this document have been compiled by KORDSA Teknik Tekstil Anonim Şirketi (the “Company”) from sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or

  3. Slide 3: Agenda

    AGENDA 01. 02. 03. 2Q’25 Highlights Indonesia Update Market Dynamics 04. 04. Key Financials What’s Next 3

  4. Slide 4: 2Q'25 Highlights

    4 2Q’25 Highlights REVENUE OPERATING Adjusted EBITDA* TIRE REINFORCEMENT CASH FLOW * Remarkable working capital and cash flow management 197 14.8 MUSD * Preservation of market position, excluding the effects of MUSD 25 MUSD the flood disaster All Hard- 7.5% Margin * Gradual resumption of production

  5. Slide 5: The impact of the flooding in Indonesia is gradually being mitigated

    5 The impact of the flooding in Indonesia is gradually being mitigated Recovery * Recovery efforts are complete * Starting date for production - TCF2 : Started in April 7th - Polyester yarn production : Started in the first week of May - Nylon yarn production : Started in the 3rd week of June Damage

  6. Slide 6: China continues to grow in the value chain and keep mature markets under pressure

    6 China continues to grow in the value chain and keep mature markets under pressure Global Automotive Market excl. China Global Tire Market excl. China (million units) (million units) 61 63 56 62 60 59 1,130 1,033 1,042 1,055 1,072 1,089 3.0 3.3 3.5 2.9 3.1 62 56 58 60 61 2.8 2,6% 57 -1,0% 3,1% 180

  7. Slide 7: Aerospace recovery continues, but supply chain and strikes weigh on deliveries

    7 Aerospace recovery continues, but supply chain and strikes weigh on deliveries Composite Prepreg Market (M$) 6,695 4,280 4,973 3,590 3,686 4,601 5,159 5,549 5,962 6,377 5,0% 7,0% 1,508 1,541 7,4% 1,463 301 2,7% 24,8% 12,1% 1,370 7,6% 1,425 296 16,2% 1,184 -27,8% 292 1,115 303 2,7% 1,578 286 286 30

  8. Slide 8: Composite Margin Recovery and Efficient Portfolio & Cost Management in Tire Reinforcement Segment Offsetting Flood Impact

    8 Composite Margin Recovery and Efficient Portfolio & Cost Management in Tire Reinforcement Segment Offsetting Flood Impact USD Financials (MUSD)  2Q'24 2Q'25  3Q'24 4Q'24** 1Q'25 2Q'25 Sales 235 197 -16,2% 235 225 217 197 Gross Profit 32 27 -15,5% 32 16 30 27 Gross Margin (%) 13,8% 13,9% 0 pts' 1

  9. Slide 9: Our aim is to build balanced portfolio between tire and composite reinforcement

    9 Our aim is to build balanced portfolio between tire and composite reinforcement Segment Reporting Results 2Q, 25 Revenue Split 2Q, 24 Revenue Split By Region* By Product* By Region By Product Other; Other; Asia; 2% Asia; 3% 10% Composite; 20% Composite; SA; 12% 25% EMEA; 22% EMEA; 38% 44% SA; 10%

  10. Slide 10: Hard Currency Revenue

    10 Hard Currency Revenue Other Depreciation FX exposure 4% 5% 2% 2% Distribution & 11% Packaging 25% 6% 15% 4% Costs Energy 2Q’25 Revenue (2Q’25) Expenses 6% Expenses by (2Q’25) 53% 72% Nature Raw Materials 75% Personel Expenses 20% US $ EUR US $ TL EUR IDR BRL Baht • Hard currency revenues • Abilit

  11. Slide 11: Indonesia Flood adverse impact on top-line

    11 Indonesia Flood adverse impact on top-line Sales Bridge – MUSD 235 -2 8 197 -31 -1 -10 2Q'24 Composite IK Flood Effect** Tire* Volume** Tire* Price/Mix Other 2Q'25 * Tire Reinforcement Segment ** Direct and indirect volume impact of the flood

  12. Slide 12: Remarkable contribution from Composite segment and cost optimization projects offsets adverse impact of Indonesia Flood Effects

    Remarkable contribution from Composite segment and cost optimization projects offsets adverse impact of Indonesia Flood Effects EBITDA Bridge (MUSD) 6.9 -8.8 15.5 14.8 -1.4 1.7 0.5 -2.4 2.7 4.5 -6.9 2.6 Q2’24 Adj. Tire Tire Cont.* MFG FC Inflation/FX OPEX Inflation/FX FPDE Composites Indo Other Q2’2

  13. Slide 13: Balance Sheet

    13 Balance Sheet TL Financials (MTL) USD Financials (MUSD)  YE’24 2Q’25   YE’24 2Q’25  Cash and Cash Equivalents 4,257 3,493 -764 121 88 -33 Account Receivables 5,690 5,750 61 161 145 -17 Inventories 7,474 7,626 151 212 192 -20 Other Current Assets 1,205 1,679 473 34 42 8 PPE & Intangibles 16,74

  14. Slide 14: Focus on improved working capital and net debt level

    14 Focus on improved working capital and net debt level Trade Working Capital (M$) Net Debt / Adjusted EBITDA* -36 M$ -80 M$ 6.5 5.4 5.7 5.1 4.6 282 246 246 302 326 2Q'24 3Q'24 4Q'24 1Q'25 2Q'25 2Q'24 3Q'24 4Q'24** 1Q'25** 2Q'25** Amount Avg. Int. Rates Net Debt*** (M$) M$ 31.12.2024 30.06.2025 % %

  15. Slide 15: What's Next

    15 What’s Next FAST RECOVERY AFTER FLOOD in INDONESIA CASH MANAGEMENT & IMPROVING NET DEBT LEVEL COST IMPROVEMENT FOCUS CONCENTRATE VALUE-ADDED PRODUCTS in ALL SEGMENTS IMPROVEMENT in OPERATIONAL PROFITABILITY

  16. Slide 16: Thank You

    Thank You THE REINFORCER

Kordsa Teknik Tekstil A.Ş. — Q2 2025 Earnings Presentation on 6ix