Desa Deri Sanayi Ve Ticaret A.s. · BIST:DESA
Desa Deri Sanayi Ve Ticaret A.s — H1 2026 Earnings Presentation
35 slides from Desa Deri Sanayi Ve Ticaret A.s's earnings presentation, 2026
Slide 1: 2026 6M Investor Presentation
2026 6M Investor Presentation 2026 Q2 Investor Presentation 1
Slide 2: DESA at a Glance
Introduction Business Overview Financials Opportunities Sustainability DESA at a Glance production facility of 15.500 m² Established in Stores Total Number of Sefaköy Factory & Head Office 1972 Stores 487+476 Store Employees 110 IPO production facility of 20.000 m² Total Area 2004 Çorlu Tannery Faci
Slide 3: Shareholding Structure & Board of Directors
Introduction Business Overview Financials Opportunities Sustainability Shareholding Structure & Board of Directors IPO Current Structure Family Members Melih Çelet 0,80% 10,00% Board of Directors Position Melih Çelet Chairman Free Float(*) Free Float(*) Melih Çelet 34,92% 17,97% 18,56% Burak Çelet V
Slide 4: 2026 6M Highlights
Introduction Business Overview Financials Opportunities Sustainability 2026 6M Highlights TRY 2,35bn TRY 576mn TRY 205mn TRY 1,86bn Revenues EBITDA - Margin: %24,5 Net Income – Margin: %8,7 Net Cash – 2026 Q1:1,84 Strong Brand Awareness Return on Italian Investment Market share increased driven by i
Slide 5: Investment Summary & Vertically Integrated Business Model
Introduction Business Overview Financials Opportunities Sustainability Investment Summary & Vertically Integrated Business Model Raw Material Production A net foreign exchange earning, omnichannel, Çorlu Tannery Facility to process multi-market, multi-brand, high value-added, imported leather vertic
Slide 6: Turkey Retail Operations
Introduction Business Overview Financials Opportunities Sustainability Turkey Retail Operations 110 54 Total Number DESA mono of Stores Brand Stores 14.942m² 37 Store Area DESA Samsonite 3 13 DESA Franchise Samsonite JV 4 3 Online Tumi 2026 Q2 Investor Presentation 6
Slide 7: Samsonite Partnership
Introduction Business Overview Financials Opportunities Sustainability Samsonite Partnership • In 1983, DESA became the distributor of Samsonite, the world’s largest travel products brand, in Turkey. • In 2007, a joint venture was established, with DESA holding 40% ownership and Samsonite holding a
Slide 8: Investment in Italy
Introduction Business Overview Financials Opportunities Sustainability Investment in Italy July 2022 The investment decision for luxury production in Italy was finalized, and Desa Internazionale SRL was established. August 2022 A vacant facility with a 2,000 m² indoor area was leased in Tuscany, and
Slide 9: Italy Production Facility and R&D Centre
Introduction Business Overview Financials Opportunities Sustainability Italy Production Facility and R&D Centre 2026 Q2 Investor Presentation 9
Slide 10: NINETEENSEVENTYTWO Global Footsteps
Introduction Business Overview Financials Opportunities Sustainability DESA1972, the first Turkish NINETEENSEVENTYTWO brand featured on the official GLOBAL FOOTSTEPS calendar of Milan Fashion is offered worldwide at 97 Week, presents its women's select points, and men's collections, inspired with pr
Slide 11: 1972DESA's Impact in Milan
Introduction Business Overview Financials Opportunities Sustainability 1972DESA’s Impact in Milan The only Turkish fashion brand to showcase its collection at Milan Fashion Week. Led by Creative Director Ivana Omazic, the brand showcased its contemporary and innovative designs. 2026 Q2 Investor Pres
Slide 12: Manufacturing Partner of Luxury Brands
Introduction Business Overview Financials Opportunities Sustainability Manufacturing Partner of Luxury Brands Made in Italy – Sky is the Limit 2026 Q2 Investor Presentation 12
Slide 13: Sales, Gross Profit & Margin (TRY million)
Introduction Business Overview Financials Opportunities Sustainability Sales, Gross Profit & Margin (TRY million) 58,6% 57,4% 55,0% 57,5% 4.593 4.496 2.635 2.634 1.332 1.353 2.424 2.353 2024 2025 2025 6M 2026 6M Sales Gross Profit Gross Profit Margin 2026 Q2 Investor Presentation 13
Slide 14: Sales Channels
Introduction Business Overview Financials Opportunities Sustainability Sales Channels Distribution of Domestic Revenue Distribution of Total Revenue 7,3% 8,8% 5,4% 12,4% 16,7% 13,4% 7,8% 8,7% 10,3% 18,0% 7,4% 25,1% 84,9% 82,5% 84,3% 83,3% 86,6% 80,1% 82,0% 74,9% 2024 2025 2025 6M 2026 6M 2024 2025 2
Slide 15: Total Sales Volume ('000 Total Pieces)
Introduction Business Overview Financials Opportunities Sustainability Total Sales Volume (‘000 Total Pieces) 619 607 311 220 343 9 148 124 25 10 24 100 90 3 110 3 7 28 175 4 26 121 58 26 2024 2025 2025 Q2 2026 Q2 Bags Saddlery Apparel Textile Shoes 2026 Q2 Investor Presentation 15
Slide 16: Samsonite Retail Sales Volume
Introduction Business Overview Financials Opportunities Sustainability Samsonite Retail Sales Volume % 78,4 % 12,1 % -7,6 % -14,0 % 8,8 % 54,5 95.387 91.888 81.991 84.878 22.974 53.471 21.125 34.605 2020 2021 2022 2023 2024 2025 2025 Q2 2026 Q2 2026 Q2 Investor Presentation 16
Slide 17: EBITDA, Net Income & Margins (TRY million)
Introduction Business Overview Financials Opportunities Sustainability EBITDA, Net Income & Margins (TRY million) EBITDA Net Income 30,9% 24,5% 13,2% 8,7% 750 576 320 205 2025 6M 2026 6M 2025 6M 2026 6M 31,4% 28,6% 15,2% 1.413 1.314 11,0% 684 505 2024 2025 2024 2025 2026 Q2 Investor Presentation 17
Slide 18: Operational Net Working Capital (TRY million)
Introduction Business Overview Financials Opportunities Sustainability Operational Net Working Capital (TRY million) 1.239,4 1.839,4 8,6 27,5 17,1 -721,6 -65,0 -30,6 -76,0 -69,7 -43,8 -74,0 410,1 17,3 2026 Q2 Investor Presentation 18
Slide 19: Income Statement
Introduction Business Overview Financials Opportunities Sustainability Income Statement 2026 6M/ IFRS Income Statement 2025 2024 2025/2024 2026 6M 2025 6M 2025 6M REVENUES 4.496 4.593 -2,1% 2.353 2.424 -2,9% COGS -1.863 -1.958 4,9% -999 -1.092 8,5% GROSS PROFIT / LOSS 2.634 2.635 0,0% 1.353 1.332 1,
Slide 20: Balance Sheet and Summary Ratios
Introduction Business Overview Financials Opportunities Sustainability Balance Sheet and Summary Ratios TRY (million) In 2026, a total net dividend of TRY 115 million 06/30/2026 12/31/2025 will be distributed to shareholders in three Current Assets 4.181 4.227 installments Fixed Assets 2.162 2.057 T
Slide 21: Net Cash Position ($ million)
Introduction Business Overview Financials Opportunities Sustainability Net Cash Position ($ million) % 122 $42,6 $39,4 $40,0 $29,2 $18,0 2022 2023 2024 2025 2026.06 2026 Q2 Investor Presentation 21
Slide 22: Leather Goods Exports – Turkey & DESA (USD million)
Introduction Business Overview Financials Opportunities Sustainability Leather Goods Exports – Turkey & DESA (USD million) 27,8 25,8 DESA Exports TR Exports 19,7 12,7 7,1 2.051,5 1.858,4 1.525,9 1.445,1 6,5 716,1 682,2 2022 2023 2024 2025 2025.06 2026.06 2026 Q2 Investor Presentation 22
Slide 23: Exports Unit Value (USD/kg)
Introduction Business Overview Financials Opportunities Sustainability Exports Unit Value (USD/kg) 2026 Q2 Investor Presentation 23
Slide 24: Digital Sales Channels
Introduction Business Overview Financials Opportunities Sustainability Digital Sales Channels DESA has completed a comprehensive revamp of its digital channels. While strengthening its presence in international markets by capitalizing on the opportunities of a digitalizing world, DESA has also eleva
Slide 25: Growth Drivers in 2026
Introduction Business Overview Financials Opportunities Sustainability Growth Drivers in 2026 1. DESA Retail 2. Dijital Sales Channels 3. Export Growth • International Franchise Expansion • Development of '1972 DESA' Branded Exports • Growth in Cross-Border E-Commerce 4. Bio-Leather Investment (Pote
Slide 26: DESA Branded Sales Volume Growth (YoY)
Introduction Business Overview Financials Opportunities Sustainability DESA Branded Sales Volume Growth (YoY) % 24,4 % 13,3 % 13,5 % 26,5 25.777 21.139 19.883 15.062 11.708 15.260 21.670 14.423 97.828 101.627 97.252 93.290 91.500 84.103 80.786 66.577 Online Retail 2024 Q3 2025 Q3 2024 Q4 2025 Q4 202
Slide 27: DESA Branded E-Commerce Sales Growth (YoY)
Introduction Business Overview Financials Opportunities Sustainability DESA Branded E-Commerce Sales Growth (YoY) 140,0% Sales volume and revenue growth 124,1% 124,9% for DESA-branded domestic 120,0% 110,2% operations continue to significantly 100,0% outperform inflation. 80,0% 65,6% 65,2% 87,6% 76,
Slide 28: Foreign Trade Developments
Introduction Business Overview Financials Opportunities Sustainability Foreign Trade Developments Positive export outlook for 2026. Increasing share of branded exports. • Market transformation and unique positioning: Italian investment • International franchise expansion. (Ministry of Made in Italy,
Slide 29: Rising Share of Branded Exports
Introduction Business Overview Financials Opportunities Sustainability Rising Share of Branded Exports The share of our "DESA" and "1972 DESA" branded exports within our total exports continues to grow steadily. 100,0% 16,0% 100,0% 11,4% 12,0% 14,4% 10,8% 98,0% 14,0% 10,0% 95,0% 96,0% 12,0% 93,9% 92
Slide 30: International Franchising
Introduction Business Overview Financials Opportunities Sustainability International Franchising We took the first step in our international franchise expansion in Baghdad. We plan to open 6 additional stores in Iraq within the next 4 years. 2026 Q2 Investor Presentation 30
Slide 31: Strategic Equity Investment: Nuera
Introduction Business Overview Financials Opportunities Sustainability Strategic Equity Investment: Nuera Through Nuera, our wholly owned (100%) subsidiary, we are entering the biotechnology sector. We are developing a next-generation material that is free of animal or plant origin, contains no chem
Slide 32: SPP Projeleri
Introduction Business Overview Financials Opportunities Sustainability SPP Projeleri Çorlu SPP Düzce SPP The Solar Power Plant (SPP), established on a 3,300 sqm area, generated Constructed on a 7,500 m² area. 641.55 kW of power during the February 2024 tests. It has a nominal capacity of 1 MW and an
Slide 33: Certifications
Introduction Business Overview Financials Opportunities Sustainability Certifications "Gold Rated" Leather Working Group Initial Accreditation Date: 2021 – Renewal Date: August 14, 2025 Established in 2004 Achieved the 'Gold' level, a distinction attained by very few companies worldwide. 85.000 memb
Slide 34: Responsible® & Other Projects Adding Value to Society
Introduction Business Overview Financials Opportunities Sustainability Responsible® & Other Projects Adding Value to Society As DESA, the first leather company accepted into the Responsible® Program, developed by the Ministry of Trade to support exporting companies' compliance with the European Gree
Slide 35: Thank You
Thank You Contact Us: www.desa.com.tr/investor-relations +90 212 473 18 00 investor.relations@desa.com.tr - yatirimciiliskileri@desa.com.tr Disclaimer: This presentation has been prepared by DESA Deri Sanayi ve Ticaret A.Ş. (the “Company”) for informational purposes only and does not constitute an o
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