Iskenderun Demir Ve Celik As · BIST:ISDMR

Iskenderun Demir Ve Celik As — FY2022 Earnings Presentation

15 slides from Iskenderun Demir Ve Celik As's earnings presentation, Mar 3, 2023

1. Slide 1: ISDEMIR

   ISDEMIR MINING OYAK | METALLURGY

2. Slide 2: 2022 12 Months Investor Presentation

   2022 12 Months Investor Presentation 03.03.2023

3. Slide 3: Operational and Financial Highlights

   Operational and Financial Highlights Operational Highlights 2020 2021 2022 Change (12M) Liquid Steel Production (000 tons) 4,973 5,770 4,745 -17.8% Flat Steel Production (000 tons) 3,827 4,558 3,871 -15.1% Long Steel Production (000 tons) 992 857 736 -14.1% Flat Steel Shipments (000 tons) 3,925 4,36

4. Slide 4: Liquid Steel Production (000 tons)

   Liquid Steel Production (000 tons) 5,626 5,770 4,973 4,745 1,457 1,094 993 2019 2020 2021 2022 Q4 2021 Q3 2022 Q4 2022 4

5. Slide 5: Crude Steel Capacity Utilization Ratio

   Crude Steel Capacity Utilization Ratio 99% 100% 97% 98% 84% 80% 2017 2018 2019 2020 2021 2022 İsdemir 5

6. Slide 6: Production (000 tons)

   Production (000 tons) 5,549 5,415 1,026 4,819 857 4,607 992 736 1,437 4,523 4,558 3,827 3,871 297 1,044 970 138 119 1,140 906 851 2019 2020 2021 2022 Q4 2021 Q3 2022 Q4 2022 Long Flat 6 Slab production was included in flat production.

7. Slide 7: Sales Volume (000 tons)

   Sales Volume (000 tons) 5,574 5,210 1,057 4,931 4,756 846 1,006 764 1,323 4,517 4,364 1,088 1,059 3,925 3,992 295 164 141 1,028 924 918 2019 2020 2021 2022 Q4 2021 Q3 2022 Q4 2022 Long Flat 7 Intra-group slab sales were included in flat sales.

8. Slide 8: Net Sales Revenue (USD mn)

   Net Sales Revenue (USD mn) 4,318 4,153 868 611 2,902 644 2,416 413 1,226 3,450 3,542 298 956 848 184 131 2,258 2,003 928 772 717 2019 2020 2021 2022 Q4 2021 Q3 2022 Q4 2022 Export Domestic 8 Intra-group slab sales revenues were included in flat sales revenues

9. Slide 9: EBITDA & Net Profit

   EBITDA & Net Profit EBITDA (USD mn) EBITDA Margin (%) 21.7% 38.1% 19.7% 16.9% 36.3% 6.0% -4.7% 1,647 702 445 572 525 58 -40 2019 2020 2021 2022 Q4 2021 Q3 2022 Q4 2022 Net Profit (USD mn) Net Profit Margin (%) 13.1% 14.3% 17.7% 10.8% 0.7% 1.4% 1.3% 765 450 13 11 380 346 8 2019 2020 2021 2022 Q4 2021

10. Slide 10: EBITDA per Ton (USD/ton)

    EBITDA per Ton (USD/ton) 298 208 156 149 98 102 104 2016 2017 2018 2019 2020 2021 2022 Main Product 10

11. Slide 11: Cost of Sales Breakdown (%)

    Cost of Sales Breakdown* (%) 6 8 4 5 8 5 4 5 4 3 3 4 4 3 6 5 Raw Materials Personnel Expenses Purchased Energy Expenses 81 78 84 80 Depreciation and Amortization Exp. Other 2019 2020 2021 2022 Raw Materials Breakdown (%) 14 15 12 15 13 15 15 14 Iron Ore&Pellet 34 26 21 Coal 37 Scrap 39 44 52 Other 3

12. Slide 12: Number of Employees

    Number of Employees 4,863 4,799 4,724 4,702 4,667 4,611 2017 2018 2019 2020 2021 2022 12

13. Slide 13: Appendix – EBITDA Detail

    Appendix – EBITDA Detail 01.01.2022- 01.01.2022 - Note 31.12.2022 31.12.2022 (Thousand USD) (Thousand TRY) Presentation Currency Translation 2.1 14.9314 Operating Profit 609,666 9,103,169 Depreciation and Amortisation Expenses 105,575 1,576,372 Cost of Sales 23 101,372 1,513,623 Marketing Expenses 2

14. Slide 14: İsdemir Investor Relations

    İsdemir Investor Relations investorrelations@erdemir.com.tr www.isdemir.com.tr/investor-relations/ +90 216 578 80 61 14

15. Slide 15: Disclaimer

    Disclaimer İskenderun Demir ve Çelik A.Ş. (İsdemir) may, when necessary, make written or verbal announcements about forward-looking information, expectations, estimates, targets, assessments and opinions. İsdemir has made the necessary arrangements about the amounts and results of such information t

İskenderun Demir ve Çelik A.Ş. (İsdemir) — FY2022 Earnings Presentation on 6ix