Turk Traktor Ve Ziraat Makineleri A.s. · BIST:TTRAK
Turk Traktor Ve Ziraat Makineleri A.s — Q3 2026 Earnings Presentation
25 slides from Turk Traktor Ve Ziraat Makineleri A.s's earnings presentation, Oct 27, 2026
Slide 1: Q3 2026 Financial Results
1 Q3 2026 Financial Results October 27, 2026
Slide 2: Disclaimer
DISCLAIMER 2 Withthe CapitalMarketsBoardof Turkey’sBulletindated28.12.2023 numbered2023/81, CMB announcedthatissuers and capitalmarketinstitutionsshall preparetheirannualfinancialstatementsendingon 31.12.2023 or later,in accordancewith IAS 29 inflationaryaccountingprovisions. Accordingly,this presen
Slide 3: Agenda
AGENDA 3 Local Market Sector Dynamics Global Tractor Market Business Results Financial Results
Slide 4: Local Market Sector Dynamics
LOCAL MARKET SECTOR DYNAMICS 4 Agricultural Production Input Costs & Support Consumer & Rainfall Trend Product Prices Programs Financing
Slide 5: Turkish Agriculture Sector
TURKISH AGRICULTURE SECTOR 5 Turkey’s agricultural economy 7. (as of 2025) Turkey’s agricultural economy 1. (as of 2025) Share in GDP 4.2% (as of Q22026) Share in the total employment 13.7% (as of Q2 2026) in the World in Europe Agricultural Production 2025 - 2026E (million ton) Cumulative Rainfall
Slide 6: Agricultural Costs
AGRICULTURAL COSTS 6 According to the Agricultural Input Price Index, in August 2026, costs increased 30.3% by compared to the same month of 2025. Agricultural Producer Price Index increased12.9% by in September 2026 compared to the same month of the previous year. Agricultural Input Cost Developmen
Slide 7: Agricultural Support Programs in Turkey
AGRICULTURAL SUPPORT PROGRAMS IN TURKEY 7 Agricultural Subsidy Payments(billion TL) Agricultural Investment Supports(billion TL) 190.0 168.0 166.3 158.6 100.6 91.6 63.4 39.6 41.3 21.9 23.0 25.1 17.0 12.1 5.1 5.1 2019 2020 2021 2022 2023 2024 2025 2026 2019 2020 2021 2022 2023 2024 2025 2026 Budget B
Slide 8: Consumer Finance
CONSUMER FINANCE 8 Interest Rates Ziraat Bank is in a competitive position with post-subsidy a interest rate of 20.4%. 58.8% 50.4% 49.2% 47.0% 45.0% 45.0% 45.0% 43.8% 42.0% 58.8% 42.0% 40.8% 36.6% 29.4% Ziraat Bankloan usage was 29.7% in September 2026. 20.4% 29.4% 18.0% 25.2% 24.6% 23.5% 22.5% 21.0
Slide 9: Global Tractor Market and Export
GLOBAL TRACTOR MARKET AND EXPORT 9
Slide 10: Global Tractor Market
GLOBAL TRACTOR MARKET 10 Turkey is theworld’s 5th largest tractor market according to total tractor sales in 2025. Total Global Market(Thousand Unit) Most important export markets contracted 6%. 2023 2024 2025 25 vs. 24 Global tractor market increased 7% in 2025 Important Export Change (2026E vs. 20
Slide 11: Export
EXPORT 11 Tractor Export from Turkey(unit) TürkTraktör’s Export(unit) Source: Tarmakbir Total TürkTraktör 12% decrease 17,106 13% increase 15,328 12,516 12,946 12,516 11,023 11,180 11,023 9,225 8,164 9,225 8,164 2024 2025 2025/9 2026/9 2024 2025 2025/9 2026/9 TürkTraktör’s Share in Export TürkTraktö
Slide 12: Business Results
BUSINESS RESULTS ¥ fa [OO TiirkTraktor CNH
Slide 13: Tractor Production in Turkey & TürkTraktör
TRACTOR PRODUCTION IN TURKEY & TÜRKTRAKTÖR 13 Tractor Production of Turkey(unit) TürkTraktör’s Production(unit) Source:Tarmakbir Total TürkTraktör 72,562 43,611 30% decrease 43,611 42,734 34,457 25,833 21,244 26,895 25,833 21,244 14,913 14,913 2024 2025 2025/9 2026/9 2024 2025 2025/9 2026/9 TürkTrak
Slide 14: Turkish Tractor Market & TürkTraktör
TURKISH TRACTOR MARKET & TÜRKTRAKTÖR 14 Turkish Tractor Market(unit) Market Share of TürkTraktör Source: TURKSTAT Total TürkTraktör Source:TURKSTAT 63,546 40,498 29,380 30,092 46.2% 41.1% 42.7% 38.4% 15,570 12,362 16,892 7,219 2024 2025 2025/9 2026/9 2024 2025 2025/9 2026/9 Market Market The Turkish
Slide 15: Tractor Sales of TürkTraktör
TRACTOR SALES OF TÜRKTRAKTÖR 15 Tractor Sales of TürkTraktör(unit) Import Local Export Locally produced tractor salesdecreased by51% in 2026/9. 31,222 Import tractor salesdecreasedby 60% in 2026/9. 15,577 12,516 11,023 12,315 8,164 9,225 6,076 In 2026/9, tractor exportsincreased by13%. 752 423 253 1
Slide 16: Construction Equipment
CONSTRUCTION EQUIPMENT 16 Construction Equipment Sales(unit) Local Import Total 16% decrease 811 705 533 Construction equipment sales volumes 411 400 374 331 447 decreased by16% compared to 202 5/9. 309 224 235 212 2024 2025 2025/9 2026/9 • TürkTraktör, which stepped into the construction equipment
Slide 17: Agricultural Equipment
AGRICULTURAL EQUIPMENT 17 Combine Sales (unit) • Agricultural equipment covers a wide range of actively used products in all processes, starting with soil preparation, tillage, planting, spraying, fertilizing, and then harvesting and haulage. 9% decrease 158 • In the agricultural equipment group, we
Slide 18: Advanced Technology
foo ADVANCED TECHNOLOGY . Tam 5 — z Fleet & Vehicle ) Agricultural atidancdSvat Fleet & Vehicle >) autres Fam oon IC) Pete, | @) cutee res TT Connect TurkTraktér Drone Factory Fitted Auto & Manual Factory Fitted TTConnect Autoguidance & TTGuide Guidance Systems Manual Guidance (ra @ Gonnect TirkTrak
Slide 19: 2026 Expectations
2026 EXPECTATIONS 19 Tractor Market : 21,000 – 26,000 units Turkish Tractor Industry Volume Local Tractor Sales*: 8,500 – 10,000 units Tractor Exports:11,000 – 13,500 units CAPEX: 60 – 70 million $ *Salestothedealersincludedimportedtractors.
Slide 20: Financial Results
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Slide 21: Highlights
HIGHLIGHTS 21 Market Dynamics Market Share Stage 5 Transition • Turkish tractor market contracted by 44% • 19 years of unbroken leadership in the • The sale of Stage 3 tractors, which had yoy to 16,892 units in 2026/9. Turkish tractor market. been extended until the end of 2026, has officially concl
Slide 22: Summary Financials
SUMMARY FINANCIALS 22 EBITDA (TL) Profit Before Tax (TL) Net Income (TL) Revenue (TL) 2025/9 50,881 Million -41% YoY 5,237 Million -62% YoY 1,609 Million -86% YoY 1,189 Million -87% YoY 2025/9 2025/9 2025/9 2026/9 36,738 Million -28% YoY 10.3% Margin -5.6 pp 3.2% Margin -10.7 pp 2.3% Margin -8.0 pp
Slide 23: Summary Financials
SUMMARY FINANCIALS 23 Million TL 3Q26 3Q25 YoY % 2Q26 QoQ % 2026/9 2025/9 YoY % Revenue 11,741 14,652 (20) 13,637 (14) 36,738 50,881 (28) Gross Profit 1,474 2,379 (38) 1,229 20 3,452 7,477 (54) Operating Profit 120 943 (87) (230) (152) (1,084) 2,559 (142) Other Inc./Exp. 150 (200) (175) 134 12 227 (
Slide 24: Key Performance Indicators
KEY PERFORMANCE INDICATORS 24 EBITDA MARGIN Average NWC / Sales 14.0% -3.7% 18.9% 17.6% -1.7% -0.6% 8.0% 3Q25 GP Margin Operational Amortisation 3Q26 Expenses 2025 3Q26 CAPEX/Sales Free Cash Flow Net Financial Debt 3,561 13,973 6.2% (TL mils.) 7,884 4.0% (TL mils.) (2,053) 2025/9 2026/9 2025/9 2026/
Slide 25: Investor Relations Contact
INVESTOR RELATIONS CONTACT 25 Sıla Akçay Tuba Şenol Milli Investor Relations Team Leader Investor Relations Leader Specialist +90 312 2332502 +90 312 2332504 Sila.Akcay@turktraktor.com.tr Tuba.SenolMilli@turktraktor.com.tr investorrelations@turktraktor.com.tr
Türk Traktör ve Ziraat Makineleri A.Ş. — Q3 2026 Earnings Presentation on 6ix