Oyak Cimento Fabrikalari A.s. · BIST:OYAKC
Oyak Cimento Fabrikalari A.s — OYAK Çimento Fabrikaları A.Ş. — FY2022 Earnings Presentation
35 slides from Oyak Cimento Fabrikalari A.s's earnings presentation, Mar 16, 2023
Slide 1: OYAK Çimento Fabrikaları A.Ş. 2022 Financial Results
OYAK Çimento Fabrikaları A.Ş. 2022 Financial Results 16 March 2023
Slide 2: Key Messages & Financial Highlights
Key Messages & Financial High- lights
Slide 3: Key Messages & Financial Highlights · 2022 YTD vs 2021 YTD
Key Messages & Financial Highlights · 2022 YTD vs 2021 YTD Net Sales EBITDA 12,707 m TL +171% 3,515 m TL +238% Net Income Gross Profit 4,500 m TL +521% 3,708 m TL +224% 2022 Financial Results
Slide 4: Key Messages & Financial Highlights · 2022 YTD
Key Messages & Financial Highlights · 2022 YTD Performance in 2022: Revenues increased by 171% EBITDA increased by 238% Net income increased by 521% Gross profit increased by 224% 2022 Financial Results
Slide 5: Market Outlook
Marketa Outlook
Slide 6: Turkish Cement Market
120 Turkish Cement Market 112 115 117 119 119 120 110 105 110 100 100 96 100 94,0 87 91,0 90 84 86 87,7 90 80 81 84,3 80,1 80,6 12,7 75 77,9 76,6 30,8 80 75,6 80 31,4 11,1 13,7 68 69,8 70,9 71,3 71,4 12,4 10,7 27,3 11,0 70 70 62,9 13,6 14,4 53,5 50,5 19,0 23,0 60 54 57,1 60 51 48 20,4 47 14,5 43 44
Slide 7: OYAK Cement Concrete Paper · Türkiye
OYAK Cement Concrete Paper · Türkiye 4 1 1 3 7 1 1 3 1 8 2 1 OYAK Cement Concrete Paper Group 4 1 operates 7 integrated 1 1 and 3 grinding cement facilities, 47 RMX 2 3 1 facilities, 3 aggregates quarries and 1 paper 1 packing plant nearly 3 2 in all regions of Turkey *Denizli Cement with its two RM
Slide 8: Turkish Cement Market 2021 YTD vs. 2022 YTD
Turkish Cement Market 2021 YTD vs. 2022 YTD (November) -11,9% -7,8% -11,9% -12,7% -11,4% -11,9% -12,0% TR Change: -10,9% *All data in this study are based on Turkish Cement data 2022 Financial Results
Slide 9: New Product Bags · Cement
New Product Bags · Cement > CEM II/A-LL 42.5 R > CEM II/B-M (S-L) 42.5 R CEM III/A (S) 42.5 N CEM III/B (S) 32.5 N-SR CEM IV/B (P) 32.5 R CEM VI (S-LL) 32.5 R > CEM II/C-M (P-LL) 32.5 N > > > > CEM V/A (S-P) 32.5 R > > CEM II/A-M (S-L) 42.5 R > CEM II/B-M (S-V) 42.5 R CEM IV/B (P) 32.5 N CEM VI (S-L
Slide 10: Catalogues
Catalogues VAP Catalogue and White Cement Catalogue in 11 Languages • Turkish • German • Arabic • French • Hebrew • English • Spanish • Italian • Polish • Portuguese • Russian
Slide 11: Digital
Digital Turkish Cement Sector – Interactive Map Software > Reviewing capacity data by country & province > Marking on location > Updating, adding and deleting information Mobile Application for Customers (I-DEAL) > Access to all product analysis reports with QR code > Access to contact information o
Slide 12: Digital
A Digital www.oyakwhitec: GD | coment = +Super D0 White White © “seen SnoWhite mas
Slide 13: Sustainability
> Sustainability
Slide 14: Sustainability Strategy
Sustainability Strategy UN SDG Focus Areas Key Indicators Increasing the use of alternative fuels due to climate risks and reducing energy costs is our focus in the short and medium term, and will continue to Sustainable Economic Growth be. and Profitability Creating a model for measuring the impact
Slide 15: Sustainability Strategy · Roadmap
Sustainability Strategy · Roadmap SUSTAINABILITY STRATEGIES OYAK Cement took an important step in 2021 by focusing on its sustainability strategies and addressed 11 issues in this direction. Detailed for each area, preparing targets, the shift of performance indicators to this area is planned. 2021-
Slide 16: Business Model · Value Creation
Business Model · Value Creation *OYAK Cement Integrated Report 2021
Slide 17: Priorities
Priorities *OYAK Cement Integrated Report 2021
Slide 18: Net Zero
Net Zero *OYAK Cement Integrated Report 2021
Slide 19: Thermal Substitution Performance
Thermal Substitution Performance OYAK Cement Thermal Substitution Performance 30,1% +16,2 Thermal Substitution Rate (%) 22,5% 22,6% 17,4% 12,3% 7,9% 7% 6,4% 6,6% 4,6% 2,7% 3% 1% 1,7% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Slide 20: Industrial Digitalization
Industrial Digitalization 100110101010100 100101010010101 010101010100001 010101000111100 110010101101001 101001010011001 010100001010000 101011010010101 101010101011110 101011010110101 001010101010100 101011010001101 010101100100101 010101010100101 010100101010100 110101001010101 111100100000001 01
Slide 21: Industrial Digitalization
Industrial Digitalization *OYAK Cement Integrated Report 2021
Slide 22: Financial Results
Financial 4 Results
Slide 23: Macroeconomic Indicators
Macroeconomic Indicators 25 Cement sector growth 20 GDP growth 23% 8% GDP and Industry Growth 15 Construction industry growth 10 While the gross domestic product (GDP) and the construction sector growth follow a 5 parallel course, the cement sector growth shows sharper changes compared to the % 0 GD
Slide 24: Financial Results · Profit margin continues its upward trend
Financial Results · Profit margin continues its upward trend Sales Revenue (m TL) EBITDA* (m TL) +171% +238% 12,707 3,515 +60% 4,681 +89% 1,039 2,932 550 FY20 FY21 FY22 FY20 FY21 FY22 * EBITDA : Operating profit / (loss) + Amortization and depreciation
Slide 25: Quarterly Sales Revenue and EBITDA
Financial Results · Profit margin continues its upward trend +195% 4,521 Sales Revenue (m TL) +198% +168% 3,476 3,052 +96% 1,658 1,530 1,138 1,165 848 1Q21 1Q22 2Q21 2Q22 3Q21 3Q22 4Q21 4Q22 +318% 1,358 EBITDA* (m TL) +269% +235% 956 893 +64% 308 267 325 259 188 1Q21 1Q22 2Q21 2Q22 3Q21 3Q22 4Q21 4Q
Slide 26: Market Outlook in Supply Chain
Market Outlook in Supply Chain +83% 340 326 Mid sulfur petrokok (FOB USD/t) 223 High sulfur petrokok (FOB USD/t) 220 200 API2 coal (FOB USD/t) 192 Solid Fuel Index 180 160 164 140 122 148 Both mid and high sulfur content petroleum coke index and 120 94 97 75 99 steam coal index seen its highest leve
Slide 27: Income Statement · EBITDA growth continues
Income Statement · EBITDA growth continues m TL FY20 FY21 FY22 ∆% Sales revenue 2.932 4.681 12.707 171% Cost of sales (2.354) (3.537) (8.999) 154% Operating expenses (246) (311) (553) 80% Other operating income / (expenses) 53 11 126 1531% Operating profit / (loss) 385 844 3.281 289% Other income /
Slide 28: EBITDA · Net Profit
EBITDA · Net Profit 1,244 4,500 3,515 106 3,281 -234 -131 EBITDA Amortization Operating profit Investment activity Financial exp Tax Net Profit * EBITDA : Operating profit / (loss) + Amortization and depreciation
Slide 29: Balance Sheet
Balance Sheet m TL FY20 FY21 FY22 m TL FY20 FY21 FY22 Current assets 1.910 2.601 6.635 Current liabilities 1.554 1.386 3.503 Short term Cash and cash equivalents 449 315 1.771 810 146 895 borrowings Financial investments 86 162 266 Trade payables 607 1.014 1.911 Other current Trade receivables 926 1
Slide 30: Financial Results vs Competitors
Financial Results · Profit margin continues its upward trend +171% +129% +210% +210% Sales Revenue OYAKC Competitor 1 Competitor 2 Competitor 3 +238% +66% +263% +204% EBITDA OYAKC Competitor 1 Competitor 2 Competitor 3 +5 -6 +2 -1 EBITDA Margin (%) FY 2021 FY 2022 Source: KAP and investor presentati
Slide 31: Net Working Capital
Net Working Capital NWC (Net Working Capital) 23% NWC as a % of Sales Revenue 21% 19% (LTM) 4,500 2,470 50 40 4,000 30 3,500 20 2,607 10 3,000 0 m TL 2,500 -10 1,001 -20 2,000 -30 1,500 671 1,246 -40 1,000 -50 926 1,774 -60 500 769 -70 352 0 -80 -607 -90 -500 -1,014 -100 Trade receivables -1,911 -1,
Slide 32: Net Debt
Net Debt Net Debt Net Debt / EBITDA (LTM) -1,101 295 0.54 -10 810 895 146 321 19 41 -449 -315 -162 -86 -0.01 -1,771 -0.31 -266 FY20 FY21 FY22 FY20 FY21 FY22 Short term liabilities Long term liabilities Cash and cash equivalents Financial investments * Net debt : Short term liabilities + Long term li
Slide 33: CAPEX Development (m TL)
CAPEX Development (m TL) 670 339 295 FY20 FY21 FY22
Slide 34: Thank You
Thank You 16 March 2023
Slide 35: Disclaimer · Forward-looking Statements
Disclaimer · Forward-looking Statements Bu sunum OYAK Çimento Fabrikaları A.Ş. tarafından sadece bilgi sağlamak amacıyla hazırlanmıştır. OYAK Çimento Fabrikaları A.Ş. yönetimi tarafından sağlanan kamuya açık bilgiler ve verilere dayanmaktadır ve temel olarak, mevcut ve gelecekteki iş stratejilerimiz
OYAK Çimento Fabrikaları A.Ş. — FY2022 Earnings Presentation on 6ix