Eregli Demir Ve Celik Fabrikalari T.a.s. · BIST:EREGL
Eregli Demir Ve Celik Fabrikalari T.a.s — Q4 2023 Earnings Presentation
16 slides from Eregli Demir Ve Celik Fabrikalari T.a.s's earnings presentation, Feb 23, 2024
Slide 1: Erdemir 2023 12 Months Investor Presentation
MINING OYAK | METALLURGY ERDEMIR > 2()23 [2 Months Investor Presentation 22.02.2024
Slide 2: 2023 Market Overview
c ERDEMIR )) 2028 Market Overview
Slide 3: Commodity Prices
3 0 200 250 300 350 400 450 500 550 600 650 700 100 200 300 400 500 600 USD/TON USD/TON Jan-22 Jan-22 Feb-22 Feb-22 Mar-22 Mar-22 Apr-22 Apr-22 May-22 May-22 Jun-22 Jun-22 Jul-22 Jul-22 Aug-22 Aug-22 Source: Platts / IODEX Sep-22 Sep-22 Oct-22 Oct-22 Nov-22 Nov-22 Dec-22 Dec-22 COMMODITY PRICES Jan-
Slide 4: Turkish Steel Industry
TURKISH STEEL INDUSTRY PRODUCTION (MN TONS) EXPORTS (MN TONS) 37.1 37.1 13.6 13.7 15.2 4.8 10.5 3.5 23.5 23.4 9.6 6.8 0.8 0.2 12M 2022 12M 2023 12M 2022 12M 2023 CONSUMPTION (MN TONS) IMPORTS (MN TONS) 38.1 32.5 19.5 17.1 17.2 14.8 9.3 8.4 18.6 1.4 1.9 15.3 5.0 5.9 12M 2022 12M 2023 12M 2022 12M 202
Slide 5: 2023 12M Results
Gr) 2023 (2M Results
Slide 6: Financial and Operational Results
FİNANSAL VE OPERASONEL SONUÇLAR - 2022 9A 643 Million USD 170 Million USD EBITDA Net Profit 7.4 Million Tons 7.3 Million Tons 6,238 Million USD Total Production Total Sales Revenue 6
Slide 7: Operational Indicators
OPERATIONAL INDICATORS LIQUID STEEL PRODUCTION (000 TONS) CRUDE STEEL CAPACITY UTILIZATION RATIO 91% 94% 89% 82% 75% 7,968 7,332 2,251 1,826 1,862 Q4 2022 Q3 2023 Q4 2023 12M 2022 12M 2023 2019 2020 2021 2022 2023 PRODUCTION (000 TONS) SALES VOLUME (000 TONS) 7,784 7,769 7,356 7,333 736 764 652 649
Slide 8: Domestic Sales Breakdown and Export
DOMESTIC SALES BREAKDOWN AND EXPORT FLAT STEEL DOMESTIC SALES (000 TONS) LONG STEEL DOMESTIC SALES (000 TONS) 12M 23 12M 23 Automotive 13% Rebar and Profile Producers (768) 19% 12M 22 12M 22 (113) 14% 12% (823) (87) 43% Pipe&Profile and Rolling 15% 23% 23% 46% (2,569) (102) (1,379) (2,727) (1,383) H
Slide 9: Financial Indicators
FINANCIAL INDICATORS NET SALES REVENUE (USD MN) EBITDA PER TON* (USD/TON) 8,107 418 413 1,327 336 335 329 6,238 250 1,764 785 1,674 1,668 263 199 250 144 141 124 111 117 6,780 67 95 103 117 5,453 48 1,501 1,475 1,418 8 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q
Slide 10: EBITDA to Net Profit and Change in Cash
EBITDA NET PROFIT (USD MN) (222) (5) 141 (214) 643 29 562 (190) (12) 170 EBITDA (12M 2023) Depreciation Consolidation Operating Investing Finance Monetary Tax Inc./(Exp.) Non-Controlling NET PROFIT Classification Income Activities/Fixed Inc./(Exp.) Gain/(Loss) Interests (12M 2023) Asset Inc./(Exp.)
Slide 11: Analysis of Financial Position
ANALYSIS OF FINANCIAL POSITION FINANCIAL BORROWINGS* (USD MN) NET WORKING CAPITAL (USD MN) 2,285 1,568 1,222 1,921 2,725 2,585 2,361 2,285 861 1,127 723 834 691 510 403 129 351 499 441 364 (599) (794) 2020 2021 2022 2023 Trade Receivables Inventories Trade Payables Other Working Capital Short-Term D
Slide 12: Cost of Sales Breakdown
COST OF SALES BREAKDOWN* (%) 2023 Other RAW MATERIALS BREAKDOWN 8 Depreciation and Amortization Exp. 4 Personnel Expenses 6 Iron Ore&Pellet Coal Scrap Other 9 Purchased Energy Expenses 29% 35% 8% 28% 73 Raw Materials 2022 5 Other 3 Depreciation and Amortization Exp. 4 Personnel Expenses Iron Ore&Pel
Slide 13: Capital Expenditures
CAPITAL EXPENDITURES* (USD MN) 977 723 434 251 306 208 216 2017 2018 2019 2020 2021 2022 2023 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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