Kocaer Celik Sanayi Ve Ticaret As · BIST:KCAER
Kocaer Celik Sanayi Ve Ticaret As — H1 2026 Earnings Presentation
25 slides from Kocaer Celik Sanayi Ve Ticaret As's earnings presentation, August 2026
Slide 1: Q2 and H1 2026 Earnings Presentation
Q2 AND H1 2026 EARNINGS PRESENTATION August 2026
Slide 2: Disclaimer
DISCLAIMER With the Capital Markets Board of Turkey’s Bulletin dated 28.12.2023 numbered 2023/81, CMB announced that issuers and capital market institutions shall prepare their annual financial statements ending on 31.12.2023 or later, in accordance with IAS 29 inflationary accounting provisions. Ac
Slide 3: Industry Trends
O01 INDUSTRY TRENDS
Slide 4: Global Steel Industry
GLOBAL STEEL INDUSTRY Regional Divergences in Crude Steel Production Persisted in H1 2026 GLOBAL CRUDE STEEL PRODUCTION (MILLION TONNES) ▼0.7% 938.0 931.5 In the first half of 2026, crude steel production in China declined 3% y/y, while production in the rest of the world 423.2 431.5 increased by 2%
Slide 5: Turkish Steel Industry
TURKISH STEEL INDUSTRY Turkey’s Crude Steel Production and Exports Increased in 6M 2026 ▲ 8.1% ▲ 2.5% TURKEY’S CRUDE STEEL PRODUCTION (MILLION TONNES) TURKEY’S STEEL EXPORTS (MILLION TONNES) 7.7 7.8 19.8 18.3 6M 2025 6M 2026 6M 2025 6M 2026 Source: Turkish Steel Producers Association (TSPA) 5
Slide 6: Operational Performance
02 OPERATIONAL PERFORMANCE IIKOCAER
Slide 7: Kocaer Sales Volume
KOCAER SALES VOLUME Sales Volume Rose 4.4% in Q2 2026, Bringing H1 2026 Growth to 1% y/y TOTAL SALES VOLUME (TONNES) 1H 314,155 ▲ 1% 315,841 Q2 163,984 ▲ 4.4% 171,196 Driven by the strong growth in Q2 2026, sales volume in H1 2026 was 1% higher. 150,171 ▼ 3.7% Q1 144,645 1H 2025 1H 2026 7
Slide 8: Geographic Breakdown of Sales
GEOGRAPHIC BREAKDOWN OF SALES International Sales, Including Export-Registered Sales, Accounted for 68% of Total Sales in H1 2026 H1 2026 TOTAL SALES (%) H1 2026 INTERNATIONAL SALES BY REGION (%) Europe 15% Export-Registered United Kingdom Sales 7% 3% Americas 24% Domestic 32% Middle East 6% Other 3
Slide 9: Sales Mix by Product Category
SALES MIX BY PRODUCT CATEGORY Value-Added Products Share Reached Record High 51% in The Second Quarter and Accounted for 49% of Sales Volume in H1 2026 2023 2024 2025 2026 Q1 2026 Q2 2026 H1 Value-Added Profiles 39.4% 41.6% 43.1% 46.6% 50.5% 48.7% The share of value-added steel profiles in total sal
Slide 10: Financial Results
03 FINANCIAL RESULTS
Slide 11: Financial Performance (Cumulative)
FINANCIAL PERFORMANCE (Cumulative) H1 2026 Financial Performance Review ▼ 17% ADJUSTED EBITDA (TL mn) ▼ 11% NET SALES (TL mn) 13,892 1,981 11,585 1,761 1H 2025 1H 2026 1H 2025 1H 2026 GROSS PROFIT (TL mn) ▼ 15% NET PROFIT (TL mn) ▲ 19% 2,854 2,434 610 514 1H 2025 1H 2026 1H 2025 1H 2026 H1 2025 figu
Slide 12: Financial Performance (Quarterly)
FINANCIAL PERFORMANCE (Quarterly) Q2 2026 Financial Performance Review NET SALES (TL mn) ▼ 18% ▼ 16% ADJUSTED EBITDA (TL mn) 7,557 1,180 6,175 995 5,409 765 Q2 2025 Q1 2026 Q2 2026 Q2 2025 Q1 2026 Q2 2026 GROSS PROFIT (TL mn) ▼ 5% ▲ 265% NET PROFIT (TL mn) 1,504 1,426 483 1,008 133 127 Q2 2025 Q1 20
Slide 13: Financial Performance: EBITDA Margin and EBITDA/Ton
FINANCIAL PERFORMANCE (Quarterly) Robust EBITDA Margin and EBITDA/Ton in Q2 2026 EBITDA MARGIN (%) EBITDA /TON (USD) 16.1 140 14.4 131 14.1 14.1 125 13.6 116 113 9.6 80 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 All figures are presented in terms
Slide 14: Financial Position
FINANCIAL POSITION GROSS AND NET DEBT (TL mn) NET WORKING CAPITAL (TL mn) Gross Debt Net Debt 4,023 4,663 5,328 Inventories 4,607 3,882 Trade Receivables 4,254 Net Working Capital 3,392 4,020 3,393 Trade Payables 8,470 8,938 8,443 -5,238 -4,525 -6,189 3,146 2,373 2,413 31.12.2025 31.03.2026 30.06.20
Slide 15: Foreign Currency Position
FOREIGN CURRENCY POSITION 30.06.2026 FOREIGN CURRENCY POSITION ($ mn) Foreign Currency Foreign Currency Assets Liabilities -60 -28 -54 Financial Assets Trade Payables 93 81 86 Trade Receivables Inventories Financial Liabilities Monetary Assets 47 56 47 Trade Receivables Trade Payables -84 -106 -120
Slide 16: Summary Financial Statements
SUMMARY FINANCIAL STATEMENTS Summary Consolidated Balance Sheet (TL ’000) 31 Dec 2025 30 Jun 2026 Change (%) Current Assets 15,416,932 16,390,872 6% Non-current Assets 15,434,173 15,146,258 -2% Total Assets 30,851,105 31,537,130 2% Current Liabilities 12,247,024 13,972,747 14% Non-current Liabilitie
Slide 17: Company Overview
04 COMPANY OVERVIEW
Slide 18: Kocaer in Numbers
KOCAER IN NUMBERS Key Highlights of Our Experience and Production Capabilities KOCAER IN NUMBERS Key Highlights of Our Experience and Production Capabilities Participation in the Responsible® Program 60+ 3 12,000+ under the Green Deal Compliance Support Program initiated by the Republic of Türkiye W
Slide 19: Board of Directors and Ownership Structure
COMPANY OVERVIEW Board of Directors and Ownership Structure COMPANY OVERVIEW Board of Directors and Ownership Structure Hakan Kocaer Mehmet Çakmur Hakan Kocaer Chairman of the Board Vice Chairman of the Board 74 % Uğur Yılmaz Ferda Besli Dr. Yılmaz Argüden Free Float Board Member Board Member Board
Slide 20: Production Facilities
PRODUCTION FACILITIES High-Quality Production Across 300,000 m² PRODUCTION FACILITIES High-Quality Production Across 300,000 m² A1 300,000 t o n n e s / ye ar Steel Service Center 180,000 Kocaer Steel operates three steel profile t o n n e s / ye a r plants, a steel service center and a galvanizing
Slide 21: Creating Value Across Industries
CREATING VALUE ACROSS INDUSTRIES Strategic Steel Solutions for Key Industries CREATING VALUE ACROSS INDUSTRIES Strategic Steel Solutions for Key Industries Our high-quality, value-added steel profiles serve a broad range of strategic industries, from energy and transportation to mining and agricultu
Slide 22: Our Global Reach
OUR GLOBAL REACH Strong and Sustainable Growth in Global Markets OUR GLOBAL REACH Strong and Sustainable Growth in Global Markets Exports to 140+ Countries Across 6 Continents Kocaer Steel continues to strengthen its global presence through its extensive product portfolio and robust export network.
Slide 23: Our Subsidiaries
OUR SUBSIDIARIES A Strong Corporate Structure Supporting Our Global Growth OUR SUBSIDIARIES A Strong Corporate Structure Supporting Our Global Growth 90% 99% 99% 91% Kocaer Steel UK, the Established in 2023 as a Established in 2024, Founded in Denizli in 1996, Company’s UK 99%-owned subsidiary, KCR
Slide 24: Strategy
STRATEGY Growth Strategy Based on Four Pillars Strengthen Vertical Green Production & Expand International Focus on a High-Margin Integration Energy Independence Distribution Channels Portfolio Drive growth through organic Meet 100% of our electricity Expand our global footprint Increase the share o
Slide 25: Contact Us
CONTACT US CONTACT US /kocaersteel /kocaersteel /SteelKocaer /kocaer-steel Scan the QR code to Scan the QR code to Scan the QR code to access our financial visit our website. access our sustainability reports and report. yatirimci.iliskileri@kocaersteel.com presentations.
Kocaer Çelik Sanayi ve Ticaret A.Ş. — H1 2026 Earnings Presentation on 6ix