Eregli Demir Ve Celik Fabrikalari T.a.s. · BIST:EREGL
Eregli Demir Ve Celik Fabrikalari T.a.s — Q2 2024 Earnings Presentation
16 slides from Eregli Demir Ve Celik Fabrikalari T.a.s's earnings presentation, Aug 16, 2024
Slide 1: Erdemir 2024 6 Months Investor Presentation
METALLURGY ERDEMIR > 2()24 G Months Investor Presentation (508.2024
Slide 2: 2
2
Slide 3: Commodity Prices
3 200 300 400 500 100 200 300 400 USD/TON USD/TON Jul-22 Jul-22 Aug-22 Aug-22 Sep-22 Sep-22 Oct-22 Oct-22 Nov-22 Nov-22 Dec-22 Dec-22 Jan-23 Jan-23 Feb-23 Feb-23 Source: Platts / IODEX Mar-23 Mar-23 Apr-23 Apr-23 May-23 May-23 Jun-23 Jun-23 COMMODITY PRICES Jul-23 Jul-23 Aug-23 Aug-23 Scrap Prices S
Slide 4: Turkish Steel Industry
TURKISH STEEL INDUSTRY PRODUCTION (MN TONS) EXPORTS (MN TONS) 20.4 18.2 8.5 6.5 6.5 4.5 2.8 1.5 11.7 11.9 2.9 3.5 0.1 0.2 6M 2023 6M 2024 6M 2023 6M 2024 CONSUMPTION (MN TONS) IMPORTS (MN TONS) 19.8 19.0 10.0 10.0 9.5 8.2 5.0 4.3 9.8 9.0 1.0 0.7 3.5 3.2 6M 2023 6M 2024 6M 2023 6M 2024 4 Source: TSPA
Slide 5: 2024 6M Results
Gr) 2024 6M Results
Slide 6: Financial and Operational Results
FİNANSAL VE OPERASONEL SONUÇLAR - 2022 9A 441 Million USD 316 Million USD EBITDA Net Profit* 4.0 Million Tons 3.9 Million Tons 3,172 Million USD Total Production Total Sales Revenue 6 (*) Net profit of equity holder of the parent
Slide 7: Operational Indicators
OPERATIONAL INDICATORS LIQUID STEEL PRODUCTION (000 TONS) CRUDE STEEL CAPACITY UTILIZATION RATIO 94% 93% 89% 82% 75% 4,542 2,314 2,228 3,218 1,994 Q2 2023 Q1 2024 Q2 2024 6M 2023 6M 2024 2020 2021 2022 2023 6M 2024 PRODUCTION (000 TONS) SALES VOLUME (000 TONS) 4,033 3,935 450 441 3,250 3,205 2,106 2
Slide 8: Domestic Sales Breakdown and Export
DOMESTIC SALES BREAKDOWN AND EXPORT FLAT STEEL DOMESTIC SALES (000 TONS) LONG STEEL DOMESTIC SALES (000 TONS) 6M 24 6M 24 Automotive 14% (399) 6M 23 6M 23 14% 36% 70% (368) 42% Pipe&Profile and Rolling (124) (154) Rebar and Profile Producers 43% (1,167) 48% 23% (1,176) 25% (641) (205) 10% (690) (17)
Slide 9: Financial Indicators
FINANCIAL INDICATORS NET SALES REVENUE (USD MN) EBITDA PER TON* (USD/TON) 3,172 418 413 2,896 336 335 329 336 612 250 1,502 1,611 1,561 185 258 144 141 354 124 111 117 124 101 2,560 2,560 103 117 48 1,317 1,353 1,207 8 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q
Slide 10: EBITDA, Net Profit and Change in Cash
EBITDA NET PROFIT (USD MN) 10 (127) 109 (122) (7) 25 (13) 441 423 316 EBITDA (6M 2024) Depreciation Consolidation Operating Investing Finance Monetary Gain/(Loss) Tax Inc./(Exp.) Non-Controlling NET PROFIT Classification Income Activities/Fixed Inc./(Exp.) Interests (6M 2024) Asset Inc./(Exp.) EBITD
Slide 11: Analysis of Financial Position
ANALYSIS OF FINANCIAL POSITION FINANCIAL BORROWINGS* (USD MN) NET WORKING CAPITAL (USD MN) 2,762 2,285 1,568 1,856 2,285 2,515 2,585 2,810 1,222 1,921 861 1,127 723 691 747 510 403 235 906 351 499 441 364 (794) (687) 2020 2021 2022 2023 6M 2024 Trade Receivables Inventories Trade Payables Other Work
Slide 12: Cost of Sales Breakdown
COST OF SALES BREAKDOWN* (%) 6M 2024 Other RAW MATERIALS BREAKDOWN 8 Depreciation and Amortization Exp. 4 Personnel Expenses 8 Iron Ore&Pellet Coal Scrap Other 6 Purchased Energy Expenses 34% 39% 9% 18% 74 Raw Materials 2023 8 Other 4 Depreciation and Amortization Exp. 6 Personnel Expenses Iron Ore&
Slide 13: Capital Expenditures
CAPITAL EXPENDITURES* (USD MN) 977 723 434 421 251 306 216 2018 2019 2020 2021 2022 2023 6M 2024 13 *Advance payments for capital expenditures are not included.
Slide 14: Sustainability
SUSTAINABILITY Our Greenhouse Gas Reduction Target For a world where the global average temperature increase should be limited to 1.5 °C, we aim to reduce our emissions by 25% in 2030 and 40% in 2040 so to achieve the Net Zero emission target by 2050. SPP - EAF Energy Efficiency - Biomass 25% 2022 (
Slide 15: Investor Relations Contact
investorrelations@erdemir.com.tr www.erdemir.com.tr/investor-relations/ +90 216 578 80 61 15
Slide 16: Disclaimer
DISCLAIMER Ereğli Demir Çelik Fabrikaları T.A.Ş. (Erdemir) may, when necessary, make written or verbal announcements about forward-looking information, expectations, estimates, targets, assessments and opinions. Erdemir has made the necessary arrangements about the amounts and results of such inform
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