Cimsa Cimento Sanayi Ve Ticaret A.s. · BIST:CIMSA
Cimsa Cimento Sanayi Ve Ticaret A.s — Q1 2025 Earnings Presentation
17 slides from Cimsa Cimento Sanayi Ve Ticaret A.s's earnings presentation, Apr 30, 2025
Slide 1: Financial Results 1Q25
FINANCIAL RESULTS ‘25 April 30, 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: 1Q25 Snapshot
ciM@® 1Q25 SNAPSHOT
Slide 4: Strong operational performance resulted in real growth in net sales and EBITDA
Strong operational performance resulted in real growth in net sales and EBITDA NET SALES ➢ Cement consumption in Türkiye rose by 8.9% year-on-year in 2024, while 1Q25 cement& clinker exports remained weak, falling by 3.4% over the same period. TRY8,905mn ➢ In January 2025, domestic consumption showe
Slide 5: Türkiye's domestic cement consumption and export both started strong to 2025
Türkiye’s domestic cement consumption and export was both started strong to 2025 TÜRKİYE CEMENT CONSUMPTION* Domestic - mt Çimsa’s Regions - mt y/y y/y +8.9% +14.9% 10.1% +22.7% • Consumption in Türkiye increased by 65.0 70.8 25.2 27.8 8.9% y/y in 2024 driven mainly by the consumption growth in eart
Slide 6: Organic volume growth supported by both Türkiye & international markets
Organic volume growth supported by both Türkiye & international markets ÇİMSA SALES VOLUME • Çimsa’s consolidated sales volume Consolidated Volume Breakdown- kt increased organically by 1.4% y/y in y/y 1Q25. +0.9% +2.1% +1.4% 1,559 1,581 • Çimsa’s Türkiye sales volume increased by 0.9% y/y while int
Slide 7: Energy prices have been stable while fuel prices have increased
Energy prices have been stable while fuel prices have increased Average electricity prices in USD terms were flattish in 1Q25 vs a year ago. Average: Average: USD66 USD66 79 77 69 71 68 72 70 71 69 65 64 64 65 59 55 ENERGY* Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24
Slide 8: Financial Update
FINANCIAL UPDATE
Slide 9: EBITDA margin expansion driven by volume growth and operational efficiency
EBITDA margin expansion driven by volume growth and operational efficiency NET SALES EBITDA & EBITDA MARGIN NET INCOME & NET INCOME MARGIN TRYmn TRYmn TRYmn +21.1% 8,905 5,000 5,000 14.0% 20.0% 4,500 7,352 4,000 4,000 12.0% 12.3% 3,500 15.0% 10.0% 10.9% 7.4% 3,000 3,000 8.0% 2,500 10.0% 3.9% 2,000 2
Slide 10: Significant increase in adjusted net income
Significant increase in adjusted net income Excluding the impact of price movements of SAHOL shares from both period, net income increased by 411%. +411% 598 1,027 (8) (18) 547 295 (41) 345 (681) 201 (347) Reported 1Q24 Impact of 1Q24 Adjusted ∆ EBITDA ∆ Net Financial ∆ MGL ∆ Tax ∆ Other Items 1Q25
Slide 11: Prudent balance sheet management with extended maturity profile
Prudent balance sheet management with extended maturity profile NET WORKING CAPITAL NET DEBT & LEVERAGE 16 ,00 0 20 % 25 ,00 0 2.38x 2.69x 3.0 0x 18 % 14 ,00 0 2.0 0x 20 ,00 0 17,244 16 % 12 ,00 0 12%** 12%** 14 % 14,554 1.0 0x 10 ,00 0 15 ,00 0 12 % 8,0 00 6,932 10 % 0.0 0x 10 ,00 0 8% 4,600 6,0 00
Slide 12: Thank You! Q&A
ciM@® THANK YOU! Q&A
Slide 13: Appendix
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Slide 14: Profit & Loss Statement
Profit & Loss Statement TRY ('000) 1Q24 1Q25 Revenue 7,352,232 8,904,782 Cost of sales (6,373,493) (7,530,372) Gross Profit 978,739 1,374,410 General and administrative expense (663,815) (922,074) Marketing, selling and distribution expense (37,302) (93,569) Research and development expense (11,455)
Slide 15: Balance Sheet
Balance Sheet TRY ('000) December-24 March-25 TRY ('000) December-24 March-25 Current Assets 21,222,451 18,847,903 Current Liabilities 27,226,239 16,192,154 Cash and cash equivalents 8,461,081 4,939,213 Borrowings* 15,267,035 4,747,023 Trade receivables 6,227,180 6,549,070 Trade payables 7,314,991 5
Slide 16: Cash Flow Statement
Cash Flow Statement TRY ('000) 1Q24 1Q25 A CASH FLOWS FROM OPERATING ACTIVITIES (324,106) (712,531) Profit before taxation 697,787 504,075 Adjustments to reconcile net profit/loss for the period 2,907,207 2,158,440 Changes in working capital (3,831,027) (3,162,373) Cash flows from operations (226,03
Slide 17: Thank You!
ciM@® THANK YOU!
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