Kordsa Teknik Tekstil A.s. · BIST:KORDS

Kordsa Teknik Tekstil A.s — Q1 2026 Earnings Presentation

15 slides from Kordsa Teknik Tekstil A.s's earnings presentation, May 4, 2026

  1. Slide 1: Q1'26 Financial Results

    Kordsa.com Q1’26 Financial Results Earnings Release May 4 2026

  2. Slide 2: Disclaimer

    Disclaimer The information and opinions contained in this document have been compiled by KORDSA Teknik Tekstil Anonim Şirketi (the “Company”) from sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or

  3. Slide 3: Agenda

    AGENDA 01. 02. 03. Q1’26 Highlights Market Dynamics Key Financials 04. What’s Next 3

  4. Slide 4: Q1'26 Segment Highlights

    4 Q1’26 Segment Highlights REVENUE OPERATING Adjusted EBITDA* CASH FLOW CAPITAL INCREASE PROCESS 201 21.7 MUSD TIRE REINFORCEMENT MUSD 22 MUSD All Hard- 10.8% Margin * Limited impact of US/Israel and Iran Conflict on financials Currency * Tough competition for price and volume, especially in EMEA an

  5. Slide 5: China's accelerated move up the value chain to intensify pressure on mature markets

    5 China’s accelerated move up the value chain to intensify pressure on mature markets, while tire production in the EU and US show no signs of returning to pre-2019 levels. Structural demand shifts, trade policies, and supply chain realignments are reshaping the industry landscape Global Automotive

  6. Slide 6: Aerospace & defense segments are the major growth drivers in the Composite market

    6 Aerospace & defense segments are the major growth drivers in the Composite Global Composite Prepreg Market (M$) Global Composite Textile Market(M$) 12% 5% 11% 6% 11% 6% 117 120 111 115 2,879 1,111 1,184 2,735 100 971 1,037 2,114 2,595 162 2,430 881 164 274 166 169 2,023 3,113 3,707 1,738 1,840 1,9

  7. Slide 7: Improved contribution from Composite segment along with overall cost optimization efforts

    Improved contribution from Composite segment along with the overall cost optimization efforts support tire segment losses due to flood and continuous strong competition 7 USD Financials (MUSD)  1Q'25 1Q'26  2Q'25 3Q'25 4Q'25 1Q'26 Sales 217 201 -7.5% 197 198 179 201 Gross Profit 30 31 3.7% 27 29 1

  8. Slide 8: Our aim is to build balanced portfolio between tire and composite reinforcement

    8 Our aim is to build balanced portfolio between tire and composite reinforcement Segment Reporting Results Q1, 26 Revenue Split Q1, 25 Revenue Split By Region* By Product* By Region By Product Other; Other, Asia; Asia; 3% 2% 14% 17% Composite, Composite, EMEA, 29% 22% SA, 11% 35% EMEA, SA, 10% 41%

  9. Slide 9: Hard Currency Revenue

    9 Hard Currency Revenue Other FX exposure Depreciation 3% 9% 5% 4% 2% Distribution & 19% 6% Packaging 4% 14% Costs Q1’26 Revenue 7% (Q1’26) Expenses by (Q1’26) Energy 54% 71% Expenses Nature Raw Materials 81% 20% Personel US $ EUR US $ TL EUR Expenses IDR BRL Baht • Hard currency revenues • Ability

  10. Slide 10: Composite financials continues to support both revenue and profitability

    10 Composite financials continues to support both revenue and profitability. Sales Bridge – MUSD 10 217 201 -14 -10 -2 Q1'25 Composite Tire* Volume Tire* Price/Mix Other Q1'26 * Tire Reinforcement Segment

  11. Slide 11: Remarkable contribution from Composite segment and cost optimization projects

    Remarkable contribution from Composite segment and cost optimization projects Adjusted EBITDA Bridge (MUSD) Contribution: Sales – Variable Costs * Tire Contribution including all other businesses except composite

  12. Slide 12: Balance Sheet

    12 Balance Sheet TL Financials (MTL) USD Financials (MUSD)  YE’25 Q1’26   YE’25 Q1’26  Cash and Cash Equivalents 6,516 5,250 -1,266 152 118 -34 Account Receivables 4,908 5,948 1,039 115 134 19 Inventories 7,766 8,846 1,080 181 199 18 Other Current Assets 1,589 1,613 24 37 36 -1 PPE & Intangibles

  13. Slide 13: Focus on cash management and net debt level

    13 Focus on cash management and net debt level Trade Working Capital (M$) Net Debt / Adjusted EBITDA* -28 M$ 6.5 6.3 5.7 12 M$ 5.0 4.3 227 246 246 219 207 1Q'25 2Q'25 3Q'25 4Q'25 1Q'26 1Q'25 2Q'25 3Q'25 4Q'25** 1Q'26 Amount Avg. Int. Rates Net Debt** (M$) M$ 31.12.2025 31.03.2026 % % Net Debt 305 29

  14. Slide 14: What's Next

    14 What’s Next STRENGTHENING BALANCE SHEET Cash & Working Capital Management Capital Increase EFFICIENCY and COST MANAGEMENT for SUSTAINABLE PROFITABILITY FOCUS on MAIN SEGMENTS : TIRE and COMPOSITE REINFORCEMENT Reamp in Asia Pasific after Flood Sustainable Improvement of Composite Contribution

  15. Slide 15: Thank You

    Thank You THE REINFORCER

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