Kordsa Teknik Tekstil A.s. · BIST:KORDS

Kordsa Teknik Tekstil A.s — Q3 2025 Earnings Presentation

16 slides from Kordsa Teknik Tekstil A.s's earnings presentation, Oct 30, 2025

  1. Slide 1: 3Q'25 Financial Results

    Kordsa.com 3Q’25 Financial Results Earnings Release Oct 30 2025

  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. 3Q’25 Highlights Indo Kordsa Flood Market Dynamics Update 04. 05. Key Financials What’s Next 3

  4. Slide 4: 3Q'25 Highlights

    4 3Q’25 Highlights REVENUE Adjusted EBITDA* GENERAL HIGHLIGHTS OPERATING * ~ 70 MUSD Capital Increase CASH FLOW * 10 MUSD inflow from Construction Business Sale 198 11.6 MUSD MUSD 46 MUSD All Hard- 5.9% Margin TIRE REINFORCEMENT Currency * Remarkable working capital and cash flow management 612 M$ i

  5. Slide 5: Indo Kordsa Flood Update

    5 Indo Kordsa Flood Update Property Damage and Insurance Related Financial Impacts Value (M$) Damaged Inventory -5.5 Flood Impacted Asset Impairment -20.6 Damaged Inventory Tender Sales Gain 1.0 Insurance Advance Payment Income Accrual 20.0 Net Impact -5.1

  6. Slide 6: China continues to grow in the value chain and keep mature markets under pressure

    6 China continues to grow in the value chain and keep mature markets under pressure Global Automotive Market excl. China Global Tire Market excl. China (million units) (million units) 61 63 56 62 60 59 1,130 1,033 1,042 1,055 1,072 1,089 3.0 3.3 3.5 2.9 3.1 62 56 58 60 61 2.8 2,6% 57 -1,0% 3,1% 180

  7. Slide 7: Aerospace recovery continues, but supply chain and strikes weigh on deliveries

    7 Aerospace recovery continues, but supply chain and strikes weigh on deliveries Composite Prepreg Market (M$) 6,695 4,280 4,973 3,590 3,686 4,601 5,159 5,549 5,962 6,377 5,0% 7,0% 1,508 1,541 7,4% 1,463 301 2,7% 24,8% 12,1% 1,370 7,6% 1,425 296 16,2% 1,184 -27,8% 292 1,115 303 2,7% 1,578 286 286 30

  8. Slide 8: Excluding flood impacts, outstanding financial performance of Composites and Efficient Portfolio and Cost Management

    Excluding flood impacts, outstanding financial performance of Composites and Efficient 8 Portfolio and Cost Management in Tire Segment enable better performance than the last year USD Financials (MUSD)  3Q'24 3Q’25***  4Q'24** 1Q'25 2Q'25 3Q’25*** Sales 235 198 -15.9% 225 217 197 198 Gross Profit

  9. Slide 9: Our aim is to build balanced portfolio between tire and composite reinforcement

    9 Our aim is to build balanced portfolio between tire and composite reinforcement Segment Reporting Results 3Q, 25 Revenue Split 3Q, 24 Revenue Split By Region* By Product* By Region By Product Other; Other, Asia; 3% 1% Asia; 14% Composite, 22% Composite, 25% EMEA, EMEA, 21% SA, 11% 37% 39% SA, 10%

  10. Slide 10: Hard Currency Revenue

    10 Hard Currency Revenue Other Depreciation FX exposure 4% 5% 2% 3% Distribution & 10% 22% Packaging 6% 14% 4% Costs Energy 3Q’25 Revenue 7% (3Q’25) Expenses Expenses by (3Q’25) 55% 72% Nature Raw Materials 78% Personel 18% Expenses US $ EUR US $ TL EUR IDR BRL Baht • Hard currency revenues • Abilit

  11. Slide 11: Continuing Asian Competition in Tire Segment coupled with Flood adversely affected the topline

    11 Continuing Asian Competition in Tire Segment coupled with Flood adversely affected the topline Sales Bridge – MUSD 235 2 3 198 -42 -1 3Q'24 Composite Tire* Volume Tire* Price/Mix Other 3Q'25 * Tire Reinforcement Segment

  12. Slide 12: Remarkable contribution from Composite segment and cost optimization projects offsets adverse impact of Indonesia Flood Effects

    Remarkable contribution from Composite segment and cost optimization projects offsets adverse impact of Indonesia Flood Effects EBITDA Bridge (MUSD) Contribution: Sales – Variable Costs * Tire Contribution including all other businesses except composite ** YTD Effect : 18.6 M$

  13. Slide 13: Balance Sheet

    13 Balance Sheet TL Financials (MTL) USD Financials (MUSD)  YE’24 3Q’25   YE’24 3Q’25  Cash and Cash Equivalents 4,257 4,765 507 121 115 -6 Account Receivables 5,690 5,631 -59 161 136 -26 Inventories 7,474 7,772 298 212 187 -25 Other Current Assets 1,205 2,380 1,133 34 56 22 PPE & Intangibles 16

  14. Slide 14: Focus on improved working capital and net debt level

    14 Focus on improved working capital and net debt level Trade Working Capital (M$) Net Debt / Adjusted EBITDA* 6.5 6.9 -99 M$ 5.4 5.7 -19 M$ 5.1 246 246 326 282 227 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 3Q'24 4Q'24** 1Q'25** 2Q'25** 3Q'25** Amount Avg. Int. Rates Net Debt*** (M$) M$ 31.12.2024 30.09.2025 %

  15. Slide 15: What's Next

    15 What’s Next CONCENTRATE VALUE-ADDED PRODUCTS in ALL SEGMENTS IMPROVEMENT in OPERATIONAL PROFITABILITY IMPROVING NET DEBT LEVEL – CAPITAL INCREASE Cash & Working Capital Management EFFICIENCY and COST MANAGEMENT

  16. Slide 16: Thank You

    Thank You THE REINFORCER

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