Ulker Biskuvi Sanayi A.s. · BIST:ULKER
Ulker Biskuvi Sanayi A.s — Q2 2026 Earnings Presentation
25 slides from Ulker Biskuvi Sanayi A.s's earnings presentation, Aug 19, 2026
Slide 1: Ülker Bisküvi 2Q'26 Earnings
ÜLKER BİSKÜVİ 2Q’26 EARNINGS 1
Slide 2: Agenda
AGENDA Operational Financial 01 Key Highlights 02 Performance 03 Performance 04 Outlook 2
Slide 3: Key Highlights
Key Highlights 3
Slide 4: Today's key messages – 2Q'26
Today’s key messages – 2Q’26 Volume Consolidated volume grew +1.3% YoY to 163.447 tons Revenue Consolidated revenue of TL 27.0bn reflects a -11.4% YoY decline Net Income Bottom-line delivered the quarter's standout result with Net Income surging +45.5% YoY to TL 1.4bn International International vol
Slide 5: New product launches
New product launches DOMESTIC INTERNATIONAL MAY’26 5
Slide 6: 2Q'26 Revenue contribution of NPD's
2Q’26 Revenue contribution of NPD’s (New Product Launches) 10% 6% 9% Domestic International Total Revenue contribution is calculated over snacking revenue 6 IAS 29 adjusted numbers
Slide 7: Corporate communications highlights
Corporate communications highlights Supporting the Ministry of National Supporting the National Paralympic Committee of Türkiye Education Main supporter of the Ministry of National Main sponsor of One Run Istanbul, in collaboration Education’s “Maarifin Kalbinde Çocuk - 23 Nisan with the National Pa
Slide 8: Our people and employer brand highlights
Our people and employer brand highlights Robust Leadership Approach Build the Leaders of Tomorrow Drive Employee Wellbeing & Across the Organization Happiness • Strengthening our bond through planned • Executive Team Coaching: Always on employee gatherings leadership development • Leadershift Develo
Slide 9: AI transformation
AI transformation From setup to focused execution in priority business areas Q2 UPDATES YTG PLANS • First AI SteerCo completed • Continue alignment with global pladis leadership and Yıldız Tech • Cross-functional AI transformation task force activated • Complete meetings with potential technology pa
Slide 10: Operational Performance
Operational 02 Performance 10
Slide 11: 1H'26 - A diverse presence offers a distinct scale to drive leadership and growth
1H’26 -A diverse presence offers a distinct scale to drive leadership and growth Türkiye Central Asia -9.0% 6.6% 1H’26 1H’26 Revenue Growth Revenue Growth -29.1% -122.7% EBITDA Growth EBITDA Growth Türkiye Exports Middle East -2.3% 5.4% North Africa 1H’26 1H’26 Revenue Growth Revenue Growth -33.6% -
Slide 12: 1H'26 Revenue breakdown
1H’26 Revenue breakdown With a diverse geographic presence Geographic Revenue Mix Net Revenue By Region TRY 63.3Bn ME; 11% NA; 3% CA; 3% TRY44.8B TRY18.5B TRY63.3 TR EXPORT; Billion 12% Domestic International 71% 29% DOMESTIC; 71% IAS 29 adjusted numbers 12
Slide 13: Global market share
Global market share TÜRKİYE MIDDLE EAST NORTH AFRICA CENTRAL ASIA Chocolate Biscuit Biscuit Biscuit Chocolate Cake 34% 27% 13% 14% Source: Nielsen -Share of Sales Volume YTD June’2026 13
Slide 14: Financial Performance
Financial 03 Performance 14
Slide 15: 2Q'26: Consolidated performance
2Q’26: Consolidated performance Total Volume (Kton X000) Total Revenue (MTL) Gross Profit (MTL) 1.3% -11.4% 27.2% -20.1% 24.6% 161 163 30.462 26.993 8.298 6.629 2Q'25 2Q'26 2Q'25 2Q'26 2Q'25 2Q'26 EBITDA (MTL) Net Income (MTL) 14.6% -37.1% 10.4% 3.1% 45.5% 5.1% 4.455 2.801 953 1.387 2Q'25 2Q'26 2Q'2
Slide 16: 1H'26: Consolidated performance
1H’26: Consolidated performance Total Volume (Kton X000) Total Revenue (MTL) Gross Profit (MTL) 0.7% -7.2% 30.7% -20.0% 26.5% 344 346 68.221 63.277 20.924 16.743 1H'25 1H'26 1H'25 1H'26 1H'25 1H'26 EBITDA (MTL) Net Income (MTL) 17.8% -31.7% 13.1% -28.8% 6.4% 4.9% 12.135 4.333 8.290 3.084 1H'25 1H'26
Slide 17: 2Q'26 P&L Breakdown by region
2Q’26 P&L Breakdown by region DOMESTIC Total Revenue (MTL) Gross Profit (MTL) EBITDA (MTL) 25.9% -19.3% 24.1% -31.4% -13.1% 16.1% 12.7% 21.357 5.530 3.442 18.560 4.466 2.362 2Q'25 2Q'26 2Q'25 2Q'26 2Q'25 2Q'26 INTERNATIONAL Total Revenue (MTL) Gross Profit (MTL) EBITDA (MTL) -7.4% 30.4% 25.6% -21.9%
Slide 18: 1H'26 P&L Breakdown by region
1H’26 P&L Breakdown by region DOMESTIC Total Revenue (MTL) Gross Profit (MTL) EBITDA (MTL) 28.7% -20.4% 25.1% -29.1% -9.0% 18.3% 14.2% 14.130 11.241 8.988 49.177 44.757 6.374 1H'25 1H'26 1H'25 1H'26 1H'25 1H'26 INTERNATIONAL Total Revenue (MTL) Gross Profit (MTL) EBITDA (MTL) -2.8% 35.7% 29.7% -19.0
Slide 19: 2Q'26 Consolidated volume & revenue contribution by category
2Q’26 Consolidated volume & revenue contribution by category Snacking Sales Volume Snacking Sales Value 28.604 25.883 143 145 Mtl Mtl Kton Kton 10% 10% 9% 9% 33% 31% 53% 50% 57% 59% 38% 41% 2Q'25 2Q'26 2Q'25 2Q'26 Biscuit Chocolate Cake Biscuit Chocolate Cake Snacking sales volume increased by 1.2%
Slide 20: Balance sheet highlights
Balance sheet highlights (*)Covenant Based Net Debt/Ebitda (X) Maturity Breakdown of Financial Liabilities as of June’26 1.17 0.97 70% Long Term 30% Short Term December'25 June-26 Turnover(days) Highlights June'26 June'25 The leverage ratio is 1,17X; 123 100 86 83 As of June 2026, 64% of the open po
Slide 21: Outlook
04 Outlook 21
Slide 22: 2026 Guidance
2026 Guidance Revising our revenue outlook to reflect heightened geopolitical uncertainty and softer near-term demand, while maintaining our EBITDA margin guidance. YoY Net EBITDA Sales Margin Growth 2026 INITIAL GUIDANCE Flat 13.5% (+ - 1.5%) Low Single digit 2026 REVISED GUIDANCE decline 13.5% (+
Slide 23: Year to go focus
Year to go focus ACCELERATE GROWTH IN TÜRKİYE Through our 5H Compassand Growth Action Plan GROW EXPORT AND INTERNATIONAL Driving momentum in priority export and international OPERATIONS markets Through productivity, lean programs, disciplined pricing PROTECT PROFITABILITY AND CASH and cost managemen
Slide 24: Disclaimer
Disclaimer •This presentation contains information and analysis on financial statements and is prepared for the sole purpose of providing information relating to Ülker Bisküvi Sanayi A.Ş. (“Ülker”). •This presentation contains “anticipatory expressions”. Excluding the retrospective information, all
Slide 25: Thank You
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Ülker Bisküvi Sanayi A.S. — Q2 2026 Earnings Presentation on 6ix