Cimsa Cimento Sanayi Ve Ticaret A.s. · BIST:CIMSA
Cimsa Cimento Sanayi Ve Ticaret A.s — Investor Presentation (December 2025)
28 slides from Cimsa Cimento Sanayi Ve Ticaret A.s's investor presentation, December 2025
Slide 1: Investor Presentation
Investor Presentation December, 2025
Slide 2: Disclaimer
Disclaimer The information and opinions contained in this document have been compiled by Çimsa Çimento Sanayi ve Ticaret A.Ş. (“CIMSA”) 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 corre
Slide 3: A traditional cement player, transforming to a global & diversified building materials company
A traditional cement player, transforming to a global & diversified building materials company Germany Total Capacity [Hamburg] Grey Clinker 4.8 mt [Munich] Republic of Ireland White Clinker 2.3 mt Italy [Ballyconnell] [Trieste] CAC 131 kt United States Grey Clinker: 1.2 mt White Grinding 300 kt Tür
Slide 4: Grey to Green, Local to Glocal, Cement to Building Materials
Grey to Green, Local to Glocal, Cement to Building Materials Lean & diversified structure in Solid financial management & production, product & sales composition strong balance sheet Proven track record of geographical Sustained & Profitable Commercialized Sustainability expansion & greenfield inves
Slide 5: Strategic Roadmap: How We Planned The Transformation?
Strategic Roadmap: How We Planned The Transformation? Grey to Green, Local to Global, Cement to Building Materials Value Maximisation Cost Optimization Network Optimization; Increase in Alternative Fuel Usage Asset/Carbon/Energy Optimization Close Proximity to Customers in Export Markets; New Sustai
Slide 6: Strategic Initiatives: What have we done so far?
Strategic Initiatives: What have we done so far? Completed Completed Completed Completed Completed Completed Completed Completed Completed Completed US GREY BUÑOL PLANT DOMESTIC SABANCI CALCIUM MANNOK ESKİŞEHİR AFYON SOLAR BUNOL SOLAR ESKİŞEHİR WHR CEMENT ACQUISITION NETWORK TECHNOLOGY ALUMINATE ACQ
Slide 7: Strategic Initiatives: What's on the road?
Strategic Initiatives: What’s on the road? • Announced in November, 2024. • Expected to be operational: in 1H26. • Total investment amount: USD31.8mn. • Capacity: 66k tons. • Strengthening our global leading position. 7
Slide 8: Expanding into Great Britain and the Island of Ireland: the acquisition of Mannok
Expanding into Great Britain and the Island of Ireland with the latest investment: the acquisition of Mannok Mannok; integrated manufacturer of 2025 FINANCIAL FIGURES MANNOK cement, thermal building insulation, building materials and plastic food packaging products in GB, ROI & NI. EBITDA Headquarte
Slide 9: Downstream strategy on track: from cement to building materials
Strategy on track! “from cement to building materials” Cement Precast Aircrete Thermal Blocks Roof Tiles High-quality bagged and bulk Portland Custom built precast solutions from Aircrete blocks are high-performance High-quality, high performance Downstream composite blended cement design to install
Slide 10: Portfolio of traditional, innovative and value-added products
Portfolio of traditional, innovative and value-added products GREY CEMENT WHITE CEMENT VALUE-ADDED PRODUCTS • Target excellence and efficiency • 2nd largest white cement producer • 3rd largest CAC producer globally. • increasing alternative fuel globally. • focus on sustainability • CAC; value-added
Slide 11: Commercialized Sustainability
Commercialized Sustainability AFYON | SOLAR POWER PLANT BUNOL | SOLAR POWER PLANT ESKİŞEHİR | WHR (operational) & SOLAR operational since September, 2023 operational since May, 2024 POWER PLANT (commissioning) SOLAR POWER PLANT WHR 7,500 3.3MW 11,000 7.2MW 25,740 14.2MW 5.5MW Solar Panels Capacity S
Slide 12: ESG Pioneer in cement & building materials industry
ESG Pioneer in cement & building materials industry The First Cement Obtaining IREC The Environmental Score of “A” in CDP Entry into the Çimsa listed on the Company in BIST 25 Certificate for 351k Product Declaration Climate Change and Diversity&Inclusion FTSE4Good Emerging Sustainability Index. MWh
Slide 13: We innovate today for tomorrow
We innovate today for tomorrow R&D Centres 2 “Formülhane” in Mersin “Sabancı Technology Center” in Munich Patents 5 Commercialized Products 3 EU Supported Projects4 Completed R&D Projects 35 • The first R&D Center in the cement • Established in 2023 at Technical University industry in Türkiye approv
Slide 14: Customer oriented innovative solutions
Customer oriented innovative solutions RapiDome; 3D house in Mersin plant • More flexible &sustainable structures • Cost reduction, fast installation adaptability to changes Flycrete; quick solution for damaged floors • Fast setting: faster hardening, high strength output in 3 hours, acceleration of
Slide 15: Increased pay-out ratio as balance sheet gets delevered
Increased pay-out ratio as balance sheet gets delevared Pay-out Ratio Dividend Yield 15.1% 0 150.0% 0 130.0% 11.3% 11.8% 10.2% 0 110.0% 0 90.0% 0 70.0% 0 4.0% 4.6% 50.0% 3.3% 3.2% 1.3% 0 30.0% 51.6% 90.4% 82.1% 78.0% 29.6% 0.0% 0.0% 0.0% 19.7% 11.7% 40.1% 21.8% 0 10.0% 2013 2014 2015 2016 2017 2018*
Slide 16: 4Q25 & 2025 Snapshot
4Q25 & 2025 SNAPSHOT
Slide 17: 2025 Recap: A Year of Execution and Progress
2025 Recap: A Year of Execution and Progress Full-year consolidation Operational - Commissioning Operational Completed MANNOK ACQUISITION ESKİŞEHİR SPP & WHR US GREY CEMENT KRATOS ACQUISITION (IRELAND) INVESTMENTS GRINDING PLANT (AFYON ÇİMENTO) • Acquired for EUR330M • SPP – operational; • 600 kt gr
Slide 18: 4Q25 & 2025 Snapshot
4Q25 & 2025 Snapshot NET SALES 4Q25 2025 ➢ Cement consumption in Türkiye increased by 8.2% year-on-year in 11M25. 11.4 45.9 ➢ Türkiye’s cement & clinker exports grew by 19% y/y in 2025. TRYbn TRYbn ➢ Çimsa delivered organic volume growth in both 4Q25 and FY 2025. ▲ 2.1% y/y ▲ 24.6% y/y Consolidated
Slide 19: 2025 Year in Review: Strong growth in Türkiye's cement consumption & export
2025 Year in Review: Strong growth in both Türkiye’s cement consumption & export TÜRKİYE CEMENT & CLINKER CONSUMPTION* Domestic - mt Çimsa’s Regions - mt y/y y/y +9.7% +8.2% +11.9% +14.3% 68.1 74.8 69.2 74.9 31.0 • Cement & clinker consumption in Türkiye 29.3 27.1 26.2 increased by 8.2% y/y in 11M25
Slide 20: Strong volume momentum sustained in 2025
Strong volume momentum sustained in 2025 across international and Türkiye operations • Çimsa’s consolidated sales volume increased by 16.7% ÇİMSA SALES VOLUME y/y in 4Q25, driven by growth in trading operations. For Consolidated Volume Breakdown- kt full-year 2025, sales volume rose by 26.1% y/y, y/
Slide 21: Higher petcoke prices & lower electricity prices in 2025
Higher petcoke prices & lower electricity prices in 2025 Average market electricity prices in USD terms were c.4% y/y lower in 2025. 2024 Average: USD70 2025 Average: USD67 69 79 77 71 68 72 70 71 69 74 72 70 65 64 64 65 59 65 64 56 66 66 66 55 ENERGY* Average market petcoke prices in USD terms were
Slide 22: Growth achieved at all lines in 4Q25 with substantial margin expansion
Growth achieved at all lines in 4Q25 with substantial margin expansion NET SALES EBITDA & EBITDA MARGIN* NET INCOME & NET INCOME MARGIN* TRYmn TRYmn TRYmn EBITDA EBITDA Margin Net Income Net Income Margin +24.6% 19.8% 19.2% 15,000 12.5% 15.0% 17.9% 20.0% 45,907 18,000 16.7% 13,000 36,847 11,000 8.0%
Slide 23: Adjusted net income growth achieved in 2025
Adjusted net income growth achieved in 2025 Excluding the impact of SAHOL shares and one-off items net income increased by 33%. TRYmn +33.1% 367 74 4,915 960 3,998 (179) 3,806 620 3,693 4Q25: (170) (1,108) (926) Rep. '24 SAHOL Impact ('24) One-off Adj. '24 ∆ EBITDA ∆ Net Financial ∆ Tax Δ Other Adj.
Slide 24: Prudent balance sheet management
Prudent balance sheet management Well Diversified Debt & Cash Composition Efficient WC Management & Healthy Debt Levels 2.38x 20 ,00 0 25 % 25,000 TRY9.7bn TRY5.2bn TRY28.0bn TRY14.0bn 2.21x 2.50 Consolidated Cash Çimsa TR Cash Consolidated Debt Çimsa TR Debt 18 ,00 0 16 ,00 0 20 % 20,000 2.00 15% 1
Slide 25: Free cash flow generation through increased operating profit
Free cash flow generation through increased operating profit and prudent working capital management FCF*: TRY1,369mn FCF Conversion**: 17% 8,404 1,655 947 10,028 9,704 (8,578) (2,753) Cash @31.12.2024 CF From Operating Activities CF From Investing Activities CF From Financing Activities FX translati
Slide 26: Çimsa Global Vision
ÇİMSA %75 Hard Currency Revenue Generation GLOBAL VISION %70 Sustainable Product Portfolio A journey to become global sustainable building materials %40 Sustainable Energy Source company Global R&D Center and Organization SBTi Targets 2nd largest in White Cement 3rd largest player in CAC globally
Slide 27: Investor Relations Contact
Investor Relations Contact Mustafa Aydın Özge Özcan Tosun Öktem Söylemez CFO FP&A and IR Director IR Manager m.aydin@cimsa.com.tr o.ozcantosun@cimsa.com.tr o.soylemez@cimsa.com.tr investor.relations@cimsa.com.tr yatirimci.iliskileri@cimsa.com.tr www.cimsa.com.tr
Slide 28: Thank You!
cim@®) THANK YOU!
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