Eregli Demir Ve Celik Fabrikalari T.a.s. · BIST:EREGL
Eregli Demir Ve Celik Fabrikalari T.a.s — Q1 2024 Earnings Presentation
16 slides from Eregli Demir Ve Celik Fabrikalari T.a.s's earnings presentation, May 10, 2024
Slide 1: Erdemir 3 Months 2024 Investor Presentation
METALLURGY ERDEMIR 2()24 3 Months Investor Presentation 09.05.2024
Slide 2: 2024 Market Overview
c ERDEMIR )) 2024 Market Overview
Slide 3: Commodity Prices
3 0 200 400 500 600 100 200 300 400 500 600 300 USD/TON USD/TON Apr-22 Apr-22 May-22 May-22 Jun-22 Jun-22 Jul-22 Jul-22 Aug-22 Aug-22 Sep-22 Sep-22 Oct-22 Oct-22 Nov-22 Nov-22 Source: Platts / IODEX Dec-22 Dec-22 Jan-23 Jan-23 Feb-23 Feb-23 Mar-23 Mar-23 COMMODITY PRICES Apr-23 Apr-23 May-23 May-23
Slide 4: Turkish Steel Industry
TURKISH STEEL INDUSTRY PRODUCTION (MN TONS) EXPORTS (MN TONS) 10.5 8.4 4.3 3.2 2.8 2.2 1.3 0.7 5.6 6.2 1.5 1.9 0.03 0.04 3M 2023 3M 2024 3M 2023 3M 2024 CONSUMPTION (MN TONS) IMPORTS (MN TONS) 9.7 8.9 4.3 5.1 4.2 4.1 2.3 2.1 4.6 4.6 0.5 0.3 1.4 1.7 3M 2023 3M 2024 3M 2023 3M 2024 4 Source: TSPA Flat
Slide 5: 2024 3M Results
Gr) 7024 9M Results
Slide 6: Financial and Operational Results
FİNANSAL VE OPERASONEL SONUÇLAR - 2022 9A 240 Million USD 181 Million USD EBITDA Net Profit* 2.1 Million Tons 2.0 Million Tons 1,611 Million USD Total Production Total Sales Revenue 6 (*) Net profit of equity holder of the parent
Slide 7: Operational Indicators
OPERATIONAL INDICATORS LIQUID STEEL PRODUCTION (000 TONS) CRUDE STEEL CAPACITY UTILIZATION RATIO 94% 95% 89% 82% 75% 7,968 7,332 2,251 2,314 1,224 Q1 2023 Q4 2023 Q1 2024 12M 2022 12M 2023 2020 2021 2022 2023 Q1 2024 PRODUCTION (000 TONS) SALES VOLUME (000 TONS) 7,784 7,769 7,356 7,333 736 764 652 6
Slide 8: Domestic Sales Breakdown and Export
DOMESTIC SALES BREAKDOWN AND EXPORT FLAT STEEL DOMESTIC SALES (000 TONS) LONG STEEL DOMESTIC SALES (000 TONS) 3M 24 3M 24 Automotive 15% (220) 3M 23 3M 23 14% 71% (194) (54) 40% 43% Pipe&Profile and Rolling 43% 40% (98) (611) (107) Rebar and Profile Producers (538) 25% 23% (336) (335) 11% 21% (8) 18
Slide 9: Financial Indicators
FINANCIAL INDICATORS NET SALES REVENUE (USD MN) EBITDA PER TON* (USD/TON) 8,107 418 413 1,327 336 335 329 6,238 250 1,668 785 1,611 1,394 250 144 141 258 124 111 117 124 151 95 103 117 6,780 5,453 48 1,418 1,353 8 1,243 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022
Slide 10: EBITDA to Net Profit and Change in Cash
EBITDA NET PROFIT (USD MN) 4 (81) 108 (63) (2) (17) (8) 285 240 181 EBITDA (3M 2024) Depreciation Consolidation Operating Investing Finance Monetary Tax Inc./(Exp.) Non-Controlling NET PROFIT Classification Income Activities/Fixed Inc./(Exp.) Gain/(Loss) Interests (3M 2024) Asset Inc./(Exp.) EBITDA
Slide 11: Analysis of Financial Position
ANALYSIS OF FINANCIAL POSITION FINANCIAL BORROWINGS* (USD MN) NET WORKING CAPITAL (USD MN) 2,480 2,285 1,568 1,222 2,034 2,285 2,420 2,585 2,685 1,921 861 1,127 723 691 714 510 403 290 351 499 441 364 446 (794) (739) 2020 2021 2022 2023 3M 2024 Trade Receivables Inventories Trade Payables Other Work
Slide 12: Cost of Sales Breakdown
COST OF SALES BREAKDOWN* (%) 3M 2024 Other RAW MATERIALS BREAKDOWN 7 Depreciation and Amortization Exp. 4 Personnel Expenses 7 Iron Ore&Pellet Coal Scrap Other 7 Purchased Energy Expenses 34% 38% 9% 19% 75 Raw Materials 2023 8 Other 4 Depreciation and Amortization Exp. 6 Personnel Expenses Iron Ore&
Slide 13: Capital Expenditures
CAPITAL EXPENDITURES* (USD MN) 977 723 434 251 306 216 167 2018 2019 2020 2021 2022 2023 3M 2024 13 *Advance payments for capital expenditures are not included.
Slide 14: Sustainability
SUSTAINABILITY Our Greenhouse Gas Reduction Target For a world where the global average temperature increase should be limited to 1.5 °C, we aim to reduce our emissions by 25% in 2030 and 40% in 2040 so to achieve the Net Zero emission target by 2050. SPP - EAF Energy Efficiency - Biomass 25% 2022 (
Slide 15: Investor Relations Contact
investorrelations@erdemir.com.tr www.erdemir.com.tr/investor-relations/ +90 216 578 80 61 15
Slide 16: Disclaimer
DISCLAIMER Ereğli Demir Çelik Fabrikaları T.A.Ş. (Erdemir) may, when necessary, make written or verbal announcements about forward-looking information, expectations, estimates, targets, assessments and opinions. Erdemir has made the necessary arrangements about the amounts and results of such inform
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