Cimsa Cimento Sanayi Ve Ticaret A.s. · BIST:CIMSA
Cimsa Cimento Sanayi Ve Ticaret A.s — Q2 2025 Earnings Presentation
16 slides from Cimsa Cimento Sanayi Ve Ticaret A.s's earnings presentation, Aug 6, 2025
Slide 1: Financial Results '25
FINANCIAL RESULTS ‘25 August 6, 2025
Slide 2: Disclaimer
Disclaimer The information and opinions contained in this document have been compiled by Çimsa Çimento Sanayi ve Ticaret A.Ş. (“CIMSA”) 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 corre
Slide 3: 2Q25 Snapshot
ciM@® 2Q25 SNAPSHOT
Slide 4: 2Q25 Snapshot
2Q25 Snapshot NET SALES 2Q25 ➢ Cement consumption in Türkiye increased by 2.0% year-on-year in 5M25. TRY10,895mn ➢ Türkiye’s cement & clinker exports grew by 16.4% y/y in the first half of 2025. +40% y/y ➢ Çimsa’s consolidated sales volume growth accelerated in the second quarter. Organic annual gro
Slide 5: Cement consumption slows across Türkiye except earthquake regions while exports remained robust
Cement consumption slows across Türkiye except earthquake regions while exports remained robust TÜRKİYE CEMENT CONSUMPTION* Domestic - mt Çimsa’s Regions - mt y/y y/y • Cement consumption in Türkiye +8.9% +2.0% 10.1% +9.4% 27.8 increased by 2.0% y/y in 5M25. 70.8 25.2 65.0 12.0 • In 5M25, cement con
Slide 6: Organic volume growth gained strong momentum in 2Q25 supported by both Türkiye & international markets
Organic volume growth gained strong momentum in 2Q25 supported by both Türkiye & international markets ÇİMSA SALES VOLUME • Çimsa’s consolidated sales volume increased Consolidated Volume Breakdown- kt y/y by 46.6% y/y in 2Q25 thanks mainly to growth in trading operations and Mannok contribution. +2
Slide 7: Energy prices remained stable, while fuel prices declined this quarter
Energy prices remained stable, while fuel prices declined this quarter but remained elevated on an annual basis Average market electricity prices in USD terms were flattish in 2Q25 vs a year ago. Average: Average: USD61 USD61 79 77 71 72 70 71 65 64 69 65 68 69 65 64 59 64 55 56 ENERGY* c.5% y/y inc
Slide 8: Financial Update
FINANCIAL UPDATE
Slide 9: Real topline growth momentum remains intact; earnings pressured by unfavorable base and pricing dynamics
Real topline growth momentum remains intact Earnings pressured by unfavorable base and pricing dynamics NET SALES EBITDA & EBITDA MARGIN NET INCOME & NET INCOME MARGIN +40.0% Margin: 24.8% 18.6% Margin: 25.9% 7.7% 10,895 5,000 25.0% 7,000 4,500 25.0% 6,000 4,000 7,782 3,500 +5.3% 20.0% 5,000 20.0% -
Slide 10: Prudent balance sheet management with extended maturity profile
Prudent balance sheet management with extended maturity profile Increase in net debt was mainly a result of TRY depreciation during 2Q25 NET WORKING CAPITAL NET DEBT & LEVERAGE 16 ,00 0 20 % 30 ,00 0 4.0 0x 2.85x 2.38x 18 % 14 ,00 0 3.0 0x 25 ,00 0 16 % 13%** 19,648 12 ,00 0 2.0 0x 12%** 14 % 20 ,00
Slide 11: Thank You! Q&A
ciM@® THANK YOU! Q&A
Slide 12: Appendix
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Slide 13: Profit & Loss Statement
Profit & Loss Statement TRY ('000) 2Q24 2Q25 6M24 6M25 Revenue 7,781,782 10,895,213 15,575,663 20,334,905 Cost of sales (5,579,842) (8,598,066) (12,336,192) (16,580,788) Gross Profit 2,201,940 2,297,147 3,239,471 3,754,117 General and administrative expense (645,182) (948,892) (1,348,871) (1,926,355
Slide 14: Balance Sheet
Balance Sheet TRY ('000) December-24 June-25 TRY ('000) December-24 June-25 Current Assets 22,497,177 20,835,753 Current Liabilities 28,861,601 17,865,156 Cash and cash equivalents 8,969,301 5,716,582 Borrowings* 16,184,059 5,923,861 Trade receivables 6,601,219 8,047,033 Trade payables 7,754,370 6,9
Slide 15: Cash Flow Statement
Cash Flow Statement TRY ('000) 6M24 6M25 A. CASH FLOWS FROM OPERATING ACTIVITIES 966,984 405,253 Profit before taxation 2,957,183 1,552,973 Adjustments to reconcile net profit/loss for the period 3,286,334 1,005,166 Changes in working capital (5,129,421) (2,016,216) Cash flows from operations 1,114,
Slide 16: Thank You!
ciM@® THANK YOU!
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