Arcelik A.s. · BIST:ARCLK
Arcelik A.s — Investor Presentation (March 2026)
44 slides from Arcelik A.s's investor presentation, March 2026
Slide 1: Investor Presentation March 2026
Investor Presentation March 2026 Investor Relations Sensitivity: Internal / Non-Personal Data
Slide 2: Agenda
Agenda ▪ Company Overview ▪ Investment Highlights ▪ 2025 Highlights ▪ Guidance ▪ Sustainability ▪ Appendix Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 3: Company Overview
Company Overview Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 4: Arçelik: Such a great history
Arçelik Such a great history... • Establishing a new JV with Hitachi* (2021) • Acquisition of Whirlpool Türkiye Plants** (2021) • Issuance of EUR350mn Greenbond • Acquisition of Defy in South • Acquisition of Whirlpool’s Russian assets Africa (2011) (2022) • Beko starts marketing & sales • Establish
Slide 5: Arçelik key facts
121 57 subsidiaries countries 38 22 production Brands* 28 R&D and design facilities center & offices ≈ 45Kemployees ≈ 11 BILLION EUR consolidated revenues As of 2025 year-end * Owned or used with a limited license Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 6: Production Network
Production Network 4.3% 4.8% 11.7% 2025 46.7% as % of Total Production 32.5% Türkiye CIS & Eastern Europe Asia-Pacific Western Europe Africa & Middle East 38 Manufacturing Facilities in13 Countries Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 7: Strong Global Footprint
Strong Global Footprint With strong partnerships and brands, we manage a diversified portfolio that reaches millions of households worldwide. * Licensee limited to certain jurisdictions Investor Presentation Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 8: Arçelik: A leading global household appliances company
Arçelik A leading global household appliances company with… Strong Ownership Structure Diversified Revenue Composition Leading Positions* 2025 Founded in 1955, Arçelik has grown to become 64.83% Koç Group the largest white goods company in Europe! 19% Market leader in Türkiye. 19% 32% 32% 17.56% Fre
Slide 9: Investment Highlights
Investment Highlights Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 10: Investment Case
Investment Case Diversified Revenue Generation Serving customers in over 150 countries with a wide product range and enhanced brand portfolio including 22 brands. with a Wide Range of Products Lovemark in Türkiye as the leading white goods producer, number one player in Leading Positions in Key Mark
Slide 11: Diversified Revenue Generation with a Wide Range of Products
Diversified Revenue Generation with a Wide Range of Products Serving customers in over 150 countries with a wide product range including 22 brands Sales Breakdown Product Range 4Q25 2025 Built-in & Freestanding Consumer Electronics Major Appliances ▪ TV’s ▪ Refrigerators ▪ Smart Phone’s ▪ Freezers ▪
Slide 12: Leading Positions in Key Markets
Leading Positions* in Key Markets Lovemark in Türkiye, number one player in Europe, leading positions in EM markets Premium brand in Türkiye, continuously a significant market leader and Lovemark for consecutive years. Market leader in Europe as the fastest growing white goods brand in the European
Slide 13: Proven Track Record of Inorganic Growth
Proven Track Record of Inorganic Growth Geographical expansion backed by smart strategy 2002 Acquisitions of Elektrabregenz, Blomberg, Leisure, Flavel, Arctic 2007 Acquisition of Grundig 2011 Multimedia and Grundig Brand Acquisition of Defy in South Africa 2016 Acquisition of Dawlance 2018 in Pakist
Slide 14: Cost Competitiveness with Huge Production Network
Cost Competitiveness with Huge Production Network Expanding production base through acquisitions and greenfield investments 4.3% Low-Cost Base 4.8% Most labor-intensive functions, including HQ, R&D and production facilities located in low-cost countries. 11.7% 2025 as % of Total 46.7% Economies of S
Slide 15: Financial Strength & Ratings in line with Türkiye Sovereign
Financial Strength & Ratings in line with Türkiye Sovereign Solid revenue growth, sustainable margins and recognized diversification by rating agencies S&P Global Ratings Fitch Ratings B+ B+ BBB BBB Stable Negative Negative BBB- BBB- Investment Grade Threshold Investment Grade Threshold Stable Stabl
Slide 16: Leading R&D Capabilities & Sustainability Vision
Leading R&D Capabilities & Sustainability Vision Designing technologies that will improve the future We integrate rapidly developing technologies into our business model. We dream …and are taking concreate steps around the world toward our 2030 of a more goals to address the needs of the planet and
Slide 17: 2025 Highlights
2025 Highlights Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 18: 2025 Highlights
2025 HIGHLIGHTS A Year of Steady Progress Amid Challenging Market Conditions Gross margin up by 1.2 pp y/y and 2.2 pp in Q4 Improvement in profitability through disciplined execution EBITDA margin up by 0.6 pp y/y and 0.7 pp in Q4 Robust Free Cash Flow generation on the back of EBITDA TRY 5.7bn FCF
Slide 19: Key Factors / Sales & Margins
Key Factors / Sales & Margins CHANGE IN CHANGE IN CHANGE IN REVENUE GROSS MARGIN EBITDA MARGIN* -6.6% +1.2 pp +0.6 pp Unfavorable price & product mix in TR Lower raw material costs y/y Higher Gross Margin Weak demand in international markets Favorable EUR/USD parity Synergy & cost savings Intensifie
Slide 20: Summary Financials
Summary Financials TRY mn 4Q25 4Q24**** y/y (%) 3Q25* q/q (%) 2025 2024* y/y (%) Revenue 128,146 141,744 -10 129,866 -1 523,933 560,937 -7 Gross Profit 37,171 38,056 -2 37,755 -2 150,793 154,587 -2 Operating Profit 991 641 55 2,897 -66 6,995 7,523 -7 Other Inc./Exp. 1,018 (14,890) -107 117 769 926 7
Slide 21: Continued commitment to deleveraging
Continued commitment to deleveraging Net Debt* & Leverage** Debt Currency & Rates Breakdown Currency Effective Original Currency TRY Equivalent *** Interest Rate p.a. (mn) (mn) EUR 4.5 2,200 110,992 TRY 33.3 42,084 42,084 USD 8.1 295 12,629 BDT 12.6 16,992 5,961 200,000 200,000 ZAR 9.0 1,500 3,869 4
Slide 22: Key Performance Indicators
Key Performance Indicators Adj. EBITDA Margin* Working Capital/Sales** 21.8% 1.2% 20.9% 0.6% 5.9% 5.3% -1.3% 2024 Operating 2025 2024 2025 GP Margin D&A Expenses CAPEX/Sales*** Free Cash Flow 5.4% 5,708 3.4% TRY mn -11,429 2024 2025 2024 2025 * Adj. EBITDA: GP – OPEX (excluding one-off expenses) + D
Slide 23: Guidance
Guidance Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 24: 2025 Guidance v Actual Figures
2025 Guidance v Actual Figures Against the backdrop of weak demand in the final quarter, revenue came below guidance, while the adjusted EBITDA margin slightly missed the low end of the guided range. 2025 Initial 2025 Revised 2025 Guidance Guidance Actual Revenue Türkiye (in TRY) Flattish ≈ -5% -6.6
Slide 25: 2026 Guidance
2026 Guidance 2026 Guidance Revenue Türkiye (in TRY) Flattish International (in FX) Low single digit Adj. EBITDA Margin* 6.25% to 6.50% NWC / Sales c. 22% CAPEX c. EUR 250mn * Adj. EBITDA: GP – OPEX (excluding one-off expenses) + D&A. Adjustments mainly include one-off consulting expenses related to
Slide 26: Sustainability
Sustainability Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 27: We design technologies that will improve the future
We design technologies that will improve the future We are determined to put our efforts into building a sustainable supply chain, developing a sustainable product range, improving the lives of people, and maintaining our leadership in sustainability In Touch With Our Planet In Touch With Human Need
Slide 28: Ambitious 2030 Targets
Ambitious 2030 Targets 100 MW 15% 80% 99% 100% Establish renewable Energy consumption Arçelik Green Chemistry Increase waste Green electricity energy systems with a per product in Management System recycling ratio in all usage in all capacity manufacturing implementation in all manufacturing facilit
Slide 29: Net zero emissions in our value chain by 2050
In Touch With Our Planet We are committed to achieving net zero emissions in our value chain by 2050 Net Zero Roadmap Net Zero Roadmap ▪ Base Year: 2022 ▪ Near Term Target: 2030 31,753,839.00 ▪ Long Term Target: 2050 In 2024, the Science Based Targets initiative 21,911,357.00 (SBTi) approved Arçelik
Slide 30: Ambitious 2030 Targets: needs of society
Ambitious 2030 Targets to meet the needs of society 100K Girls** 150 Women** 60% 560 Women Engineers*** 1,000 Women** Provide STEM Increase the number of Increase the employment Support the career Increase the number of Training by 2026 women dealers by Rate of women employees development women tech
Slide 31: Ambitious 2030 Targets: progressive global citizen
Ambitious 2030 Targets for being a progressive global citizen * 32 hours 35% 32% 38% Training hours per Ratio of women Ratio of women in Ratio of women in employee in the total workforce top management STEM related positions positions 5,000 100% ISO 50001 Supplier employees Ensure our suppliers** us
Slide 32: Green Financing
Green Financing Green Bond Green Loan Sustainability-Linked EUR 350 Million EUR 150 Million Financing Framework Arçelik has issued green bonds with a Arçelik has signed an eight-year EUR 150 Our Sustainability-Linked Financing nominal value of EUR 350 million and million loan agreement with the Euro
Slide 33: Our success is recognized: top performers in global indices
Our success is recognized: We are among the top performers in global indices. For the second consecutive year, we are proud to be recognized on TIME Magazine’s list of the World’s Most Sustainable Companies, ranking 17th and securing the #1 position in our sector. At Beko, sustainability is not a si
Slide 34: Our success is recognized: top performers in global indices
Our success is recognized: We are among the top performers in global indices. By scoring 86 (out of 100) in the 2025 S&P Included WEF Global Lighthouse Network with Washing Global Corporate Sustainability Assessment, Machine Plant in Ulmi, Romania in 2018 , Eskişehir Arçelik achieves the highest sco
Slide 35: Our success is recognized: top performers in global indices
Our success is recognized: We are among the top performers in global indices. As a result of the 72 out of 100 points that Arçelik Arçelik achieved 1st place in its sector with received in the 2025 EcoVadis Sustainability 88/100 in 2023 LSEG ESG evaluation Assessment, the company was awarded a "Silv
Slide 36: Our success is recognized: top performers in global indices
Our success is recognized: We are among the top performers in global indices. Arçelik achieved 1st place in its sector with As a result of the 82 out of 100 points that Arçelik 94/100 in 2024 LSEG ESG evaluation (Access received in the 2025 EcoVadis Sustainability Assessment, date: 15.12.2025) the c
Slide 37: Our Partnerships
Our Partnerships: We support and guide the work of respected international and local organizations. Our CEO Hakan Bulgurlu, since 2023, has been Arçelik became one of the 200+ companies Support development of corporate finance the President of the European Association of Joined Alliance of CEO Clima
Slide 38: Appendix: Beko Europe
Appendix Beko Europe Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 39: Beko Europe
Beko Europe* Number one** player in Europe market, with the launch of Beko Europe! ▪ Beko Europe is a leading home appliances business, dedicated to changing the lives of our customers through a wide range of innovative and sustainable household products and solutions. ▪ Newly formed Beko Europe’s 7
Slide 40: Beko & Whirlpool Europe Transactions
BEKO & WHIRLPOOL Europe TRANSACTIONS ▪ Arçelik's and Whirlpool’s production, sales, and marketing subsidiaries operating in Europe was On January 17, 2023*, Arçelik A.Ş. and transferred under a structure where Arçelik will control a 75% majority stake, Arçelik's wholly- Whirlpool signed an agreement
Slide 41: Beko Europe
Beko Europe Number one player in Europe, with the launch of Beko Europe! Transaction: Subsidiaries: Facilities: Beko Europe has transferred Whirlpool Europe’s Beko Europe now includes 69 subsidiaries, of Beko Europe owns 16* plants, of which 14 plants white goods production, sales and marketing whic
Slide 42: Contacts
Contacts Barış Alparslan Mine Şule Yazgan Sezer Ercan Delal Alver Chief Financial Officer Finance & Enterprise Risk Investor Relations Capital Markets Compliance (+90) 212 314 39 01 Executive Director Senior Lead Senior Lead (+90) 212 314 30 60 (+90) 212 705 96 81 (+90) 212 314 39 56 www.bekocorpora
Slide 43: Disclaimer
Disclaimer This presentation contains information and analysis on financial statements as well as forward-looking statements that reflect the Company management’s current views with respect to certain future events. Although it is believed that the information and analysis are correct and expectatio
Slide 44: Thank You!
Thank You! Investor Relations Sensitivity: Internal / Non-Personal Data