Lila Kagit Sanayi Ve Ticaret Anonim Sirketi · BIST:LILAK
Lila Kagit Sanayi Ve Ticaret Anonim Sirketi — Lila Kağıt Sanayi ve Ticaret A.Ş. — Q1 2026 Earnings Presentation
15 slides from Lila Kagit Sanayi Ve Ticaret Anonim Sirketi's earnings presentation, Apr 29, 2026
Slide 1: 1Q26 Financial Results
1Q26 Financial Results April 29, 2026 1Q26 Financial Results 1
Slide 2: Legal Notice
Legal Notice Pursuant to the Capital Markets Board (CMB) Bulletin dated December 28, 2023, and numbered 2023/81, it was publicly announced that issuers and capital market institutions subject to the CMB’s financial reporting regulations are required to implement inflation accounting in accordance wi
Slide 3: Achieving Strong Results in a Challenging Operating Environment with Value Creation Focus
Achieving Strong Results in a Challenging Operating Environment with Value Creation Focus 1Q26 Highlights 1Q26 Operational Performance (k Ton) Sales Tonnage Converting Growth Export Growth(*) • The ongoing conflict involving Iran, the United States, and Israel in the Middle East has disrupted global
Slide 4: Strong Export Markets Start in 1Q26
Strong Export Markets Start in 1Q26 UK EUROPE • Lila Kağıt accounted for 29% of Türkiye’s tissue paper exports. (1) 56% 49% NORTH&SOUTH AMERICA 27% 28% • Export markets accounted for 75% of ASIA Q1 2025 Q1 2026 16% our total sales.(2) Q1 2025 Q1 2026 9% 5% 4% • Converting business share in terms of
Slide 5: Seasonal Impact on Tissue Paper Production and Capacity Utilization
Seasonal Impact on Tissue Paper Production and Capacity Utilization Despite the decline in capacity utilization in 1Q26 driven by softer demand conditions, Lila Kağıt’s capacity utilization rate (CUR) remained 10 bp above the Türkiye average CUR. Lila Kağıt’s capacity utilization rate reached 86%, r
Slide 6: 1Q26 Financial Performance
1Q26 FINANCIAL PERFORMANCE
Slide 7: Strong Financial Results with Profitability Focus
Strong Financial Results with Profitability Focus… GROSS MARGIN EBITDA MARGIN NET PROFIT/LOSS (TLmn) %31.8 (+142 bp) %19.9 (+30 bp) (142.4) Proactive and diversified raw material procurement. The increasing share of value-added products in sales (+5 Disciplined financial management contributed COGS
Slide 8: Strong Margin Perspective Driven by Branded Products
Strong Margin Perspective Driven by Branded Products Net Revenue Bridge (TL million) EBITDA Margin Bridge 3,945 -314 3,190 +142 bp -257 bp -210 19.6% +144 bp 19.9% -135 -96 Q1 2025 Price / Product Mix Volume Price / Product Mix Volume Q1 2026 Q1 2025 Gross Margin OpEx D&A Expenses Q1 2026 Net Sales
Slide 9: Strong Balance Sheet and Disciplined Financial Management
Strong Balance Sheet and Disciplined Financial Management 128 119 Net Debt (TL million) Net Debt / EBITDA Strong net cash position of TL 94 84 78 Trade Receivables (Days) 4.7 billion 72 9,000 1.80 • In Q1 2026, financial debt Inventory Days 7,000 -1,6x -1,3x (0.20) 47 decreased by 36%, while 34 Trad
Slide 10: Strong Cash Flow and Disciplined Capital Expenditure Approach
Strong Cash Flow and Disciplined Capital Expenditure Approach Cash Flow from Operations (TL million) CapEx (TL million) CapEx / Net Sales Cash Flow from Investing Activities (TL million 2,000 40.0% Free Cash Flow (TL million) 1,800 35.0% 1,199 1,600 26.0% 30.0% 1,400 25.0% 1,200 20.0% 371 15.0% 828
Slide 11: The Next Phase of the Growth Initiative: Opening of Phase I at the Erzurum Factory
The Next Phase of the Growth Initiative: Opening of Phase I at the Erzurum Factory Stage Reached as of April 2026: • It is planned to become operational in the second quarter of 2026. • With the Phase I converting facility, the Company will have the potential to meet the tissue paper needs of Türkiy
Slide 12: 2026 Guidance & Market Outlook
2026 GUIDANCE & MARKET OUTLOOK
Slide 13: 2026 Market Outlook
2026 Market Outlook Potential Obportunities Potential Risks • The return of global trade to its normal trend as geopolitical • Pressure on demand across all markets, particularly export tensions ease. markets, due to the continuation of the war in the Middle East. • The high potential in our markets
Slide 14: 2026 Guidance Reinforcing Value Creation Focus
2026 Guidance Reinforcing Value Creation Focus • Normalization in Export Markets Sales Tonnage Growth 7%-10% • Strong Momentum in Domestic Market • Positive Impact of Erzurum Investment Türkiye market High double-digit growth • Maintaining Over 70% Export Share in Sales Volume Export market Low-mid
Slide 15: Contact - Thank You
Contact Işıl Tireli Doruk Sazer, CFA Şevval Hacer Şenol Financial Affairs and Strategic Planning Director IR Head IR Specialist +90 (216) 251 27 00 +90 (216) 251 27 00 +90 (216) 251 27 00 www.lilakagit.com İnvestor.relations@lilakagit.com THANK YOU. 15
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