Kordsa Teknik Tekstil A.s. · BIST:KORDS

Kordsa Teknik Tekstil A.s — Q4 2025 Earnings Presentation

17 slides from Kordsa Teknik Tekstil A.s's earnings presentation, Mar 2, 2026

  1. Slide 1: 4Q'25 Financial Results

    Kordsa.com 4Q’25 Financial Results Earnings Release Mar 2 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. YE’25 Highlights Market Dynamics Key Financials 04. What’s Next 3

  4. Slide 4: 2025 YE Key Highlights

    2025 YE Key Highlights • Flood in Indonesia, March 2025 • Up to 50MUSD PD/BI Insurance coverage, next 12-months from the event • Insurance claim process ongoing • PD Impact → 5.5MUSD Inventory, 20.6MUSD PPE = - 26.1MUSD • BI Impact vs 2024 → - 23MUSD • Insurance Income → +21.5MUSD in 2025, increased

  5. Slide 5: YE'25 Segment Highlights

    5 YE’25 Segment Highlights REVENUE OPERATING Adjusted EBITDA* CASH FLOW TIRE REINFORCEMENT 791 61.5 MUSD * Remarkable working capital and cash flow management MUSD 150 MUSD * Adverse impacts of slow demand, Asian competition All Hard- 7.8% Margin and Flood still persist Currency * Tariffs and trade

  6. Slide 6: China's accelerated move up the value chain to intensify pressure on mature markets

    6 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

  7. Slide 7: Slowdown in automotive continues, growth in aerospace & defence supported by other industries

    7 While the slowdown in the automotive segment continues, growth in the aerospace & defence segments is further supported by other industries. Global Composite Prepreg Market (M$) Global Composite Textile Market(M$) 9% 5% 10% 6% 14% 6% 117 120 111 115 2,872 1,184 2,742 100 1,037 1,111 2,615 971 2,11

  8. Slide 8: 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 8 USD Financials (MUSD)  YE'24 YE'25  Sales 929 791 -14.9% Gross Profit 120 102 -14.8% Gross Margin (%) 12.9% 13.0% 0 pts' OPEX (

  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 YE, 25 Revenue Split YE, 24 Revenue Split By Region* By Product* By Region By Product Other; Other, Asia; 3% 2% Asia; 14% Composite, 21% Composite, 25% EMEA, 21% SA, 11% EMEA, 40% 38% SA, 10%

  10. Slide 10: Hard Currency Revenue

    10 Hard Currency Revenue Other FX exposure Depreciation 2% 5% 4% 2% 11% Distribution & 22% Packaging 6% 17% 4% Costs YE’25 Revenue (YE’25) 7% Expenses by (YE’25) Energy 54% 70% Expenses Nature Raw Materials 78% 19% Personel US $ EUR US $ TL EUR Expenses IDR BRL Baht • Hard currency revenues • Abilit

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

    11 Continuing Asian Competition in Tire Segment coupled with Flood adversely affected the topline Sales Bridge – MUSD 929 10 39 791 -179 -8 YE'24 Composite Tire* Volume Tire* Price/Mix Other YE'25 * Tire Reinforcement Segment

  12. Slide 12: Remarkable contribution from Composite segment and cost optimization offsets 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 ** Business-Interruption related *** If we adj

  13. Slide 13: Balance Sheet

    13 Balance Sheet TL Financials (MTL) USD Financials (MUSD)  YE’24 YE’25   YE’24 YE’25  Cash and Cash Equivalents 4,225 6,516 2,291 120 152 32 Account Receivables 5,690 4,908 -781 161 115 -47 Inventories 7,474 7,766 292 212 181 -31 Other Current Assets 1,238 1,589 351 35 37 2 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$) Net Debt / Adjusted EBITDA* -76 M$ 6.5 6.3 5.4 5.7 -20 M$ 5.0 246 227 282 207 246 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25** Amount Avg. Int. Rates Net Debt** (M$) M$ 31.12.2024 31.12.2025 % % -71 M

  15. Slide 15: What's Next

    15 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

  16. Slide 16: Thank You

    Thank You THE REINFORCER

  17. Slide 17: Despite strong competition in Tire Reinforcement, demand for Ox-Ox ceramic matrix composite supports profitability

    Despite strong competition in the Tire Reinforcement segment, the increased demand for the Ox- Ox ceramic matrix composite, for which we are the sole supplier, continues to support profitability outside of one-off effects. 17 USD Financials (MUSD)  4Q'24 4Q'25  1Q'25 2Q'25 3Q'25 4Q'25 Sales 225 17

Kordsa Teknik Tekstil A.Ş. — Q4 2025 Earnings Presentation on 6ix