Kimteks Poliuretan Sanayi Ve Ticaret As · BIST:KMPUR
Kimteks Poliuretan Sanayi Ve Ticaret As — H1 2025 Earnings Presentation
50 slides from Kimteks Poliuretan Sanayi Ve Ticaret As's earnings presentation, August 2025
Slide 1: Kimteks Polyurethane System House – 2025 6-Months' Work Results
KİMTEKS POLYURETHANE SYSTEM HOUSE EXCEPTIONAL SOLUTIONS KİMTEKS POLİÜRETAN SANAYİ VE TİCARET A.Ş. AND ITS SUBSIDIARIES 2025 – 6- MONTHS' WORK RESULTS INVESTOR PRESENTATION AUGUST 2025
Slide 2: Kimpur: Success for Over 40 Years
KİMPUR: SUCCESS FOR OVER 40 YEARS Founding of Kimteks Opening of Relocation to Gebze Commencement of Commencement of Spin-off from Kimteks R&D Center Kimya Hadımköy Production Production Facility Rigid System Sales Flexible Polyurethane Kimya and Certificate Facility and System Sales Establishment o
Slide 3: Production Facilities and Headquarters
Gebze Production Facility Europe Production Facility Düzce Production Facility Headquarters
Slide 4: Exceptional Solutions Across All Areas of Life
EXCEPTIONAL SOLUTIONS ACROSS ALL AREAS OF LIFE ROOF INSULATION (Spray Systems) SOLAR PANEL SYSTEM Shoe Systems ROCK WOOL / EPS ADHESIVE FRAME (Wood Finish) HEADBOARD (Wood Finish) Rigid Foam Systems SANDWICH PANEL (PUR/PIR) VISCO PILLOW OFFICE CHAIR Flexible Foam Systems VISCO BED COOLING SYSTEMS SE
Slide 5: Kimpur at a Glance in Numbers
KİMPUR AT A GLANCE IN NUMBERS 40 281 kton +85 kton 10 EXPORTS TO 324 37% 600+ + YEARS OF PRODUCTION CAPACITY COLLABORATION WITH RAVAGO Vision to Become One of 55+ 29 EXPORT / TOTAL PRODUCT EXPERIENCE PETROKİMYA A.Ş. the Top 10 Global Players COUNTRIES R&D TONNAGE VARIETY 141 kton Gebze with a Total
Slide 6: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS Reliable Solution Partner R&D Center & Industry-Leading Robust Domestic Expansion Driven Innovative Applications by Extensive Product Range Our Strategic Projects & Sustainable Environmental and Social Expansion and Export Policies Effective Risk Sustainability Management
Slide 7: i. Reliable Solution Partner
i. Reliable Solution Partner
Slide 8: Kimpur Strategy House
KİMPUR STRATEGY HOUSE Being a globally recognized company in polyurethane systems through innovative and exceptional solutions Sustainable Sustainability Product Climate Crisis and Innovation and Supply Chain Employee Our Material Topics Growth Management Carbon Management Technology Management Righ
Slide 9: Key Corporate Features
KEY CORPORATE FEATURES GLOBAL PROFITABLE GROWTH STRONG FINANCIAL TRUCTURE 2 Production Facilities in Turkey, 1 in Europe High Dividend Yield Offices in Germany, America, UK, Malta and Russia Strong Capital Structure Exports to Over 55 Countries Across 5 Continents Easy Access to Financin
Slide 10: Our Achievements
OUR ACHIEVEMENTS ISO 500 TURKEY’S TOP 500 We Are the Sector Leader in INDUSTRIAL IKMIB’s "Export Stars"! ENTERPRISES General Ranking Sectoral Ranking
Slide 11: ii. R&D Center & Industry-Leading Innovative Applications
ii. R&D Center & Industry- Leading Innovative Applications
Slide 12: Kimpur R&D Center
KİMPUR R&D CENTER Our R&D Infrastructure and Competencies R&D Simulation Center 21 Registered Trademarks Certified Patents Related to Polyurethane Systems and Foam (Polyurethane System Based on Very Low-Density Polyester for Soft Slipper Production, (26.02.2018; Polyurethane Rigid Foam with Re
Slide 13: Kimpur R&D Center
KİMPUR R&D CENTER Kimpur: R&D Strength in Turkey’s Polyurethane Industry According to Turkishtime research, Kimpur has been among Turkey’s Top 250 Companies in R&D spending for years. R&D Expenditures (mTL) 87,9 65,0 31,1 9,9 2021 2022 2023 2024
Slide 14: iii. Strong Domestic & Export Growth Strategy Driven by Extensive Product Range
iii. Strong Domestic & Export Growth Strategy Driven by Extensive Product Range
Slide 15: Global Polyurethane Market
GLOBAL POLYURETHANE MARKET Global Polyurethane Market Volume Factors/Trends Affecting Global Market Volume Polyurethane’s versatility makes it an integral part of many global sectors Increasing demand for lightweight, durable, and high-performance products across multiple sectors, from automotiv
Slide 16: Turkish Polyurethane Market
GLOBAL POLYURETHANE MARKET Factors/Trends Affecting Turkey's Market Volume Turkish Polyurethane Market The rigid product group, which has the largest volume, has shown significant growth in 2023 and 2024. This trend is mainly driven by the surge in construction and building activities following na
Slide 17: Distribution of Sales
DISTRIBUTION OF SALES SALES 25 /24 1ST 2023 2024 2024 1ST 2025 1ST HALF (Thousand tons) HALF HALF Case DIFFERENCE % Raw Materials Other Case Other Domestic 103.2 93.6 43.8 43.4 Raw material -1% 2% 2% 3% 0% Rigid 54.2 51.0 10% Polyester 0% 23.1 23.1 0% Footwear 25.4 21.2 Polyester 14% 11.0 9.9 -10% 2
Slide 18: Kimpur Product Groups
KİMPUR PRODUCT GROUPS Annual Sales Breakdown of Product Groups, by Volume (%) 1.1% 0.2% 0.8% 0.5% 2.0% 0.9% 6.8% 7.8% 6.3% 7.2% 1.1% 1.5% 12.5% 13.3% 2.5% 2.2% 3.0% 2.1% 5.5% 1.7% 4.9% 6.6% 5.4% 1.9% 2.9% 4.4% 5.4% 4.6% 6.6% 4.9% Other Raw material 36.8% 21.7% 26.6% 22.8% 37.4% 28.4% Case Polyester
Slide 19: Rigid Foam Systems
RIGID FOAM SYSTEMS Rigid Foam Systems Sales Volume (Tons) Rigid Foam Systems 80,411 Two-Component Rigid Foam Systems for Insulation in the Insulation Panel and White Goods Sectors 69,665 • The first component consists of physical mixtures of polyether 46,784 polyols called Polimix, along with cata
Slide 20: Shoe and Slipper Systems
SHOE AND SLIPPER SYSTEMS Shoe Systems Sales Volume (Tons) Shoe Systems 39,122 40,305 Expanded microcellular foams in both ester and ether forms, designed for all types of shoe soles—from safety footwear to sports and everyday 32,804 products KIMfoot® is a three-component polyester system: • The
Slide 21: Flexible Foam Systems
FLEXIBLE FOAM SYSTEMS Flexible Foam Systems Sales Volume (Tons) Flexible Foam Systems MDI-Based KIMflex® Flexible Foam Systems manufactured by Kimpur are 7,437 categorized as follows: 6,568 HR Foam Systems; 5,660 Viscoelastic Systems; Integral Systems; and 4,451 Filter Systems. 3,570 Sys
Slide 22: Polyester Polyols
POLYESTER POLYOLS Polyester Polyols Sales Volume (Tons) Polyester Polyols Kimpur produces KIMpol® Polyester Polyols, crafted from multifunctional combinations of carboxylic acids and polyhydric 6,682 alcohols, to provide optimal solutions across industries such as footwear (system components), coa
Slide 23: Special Products
SPECIAL PRODUCTS Special Products Sales Volume (Tons) Special Products Polyurethane systems for elastomeric applications in expanded foams and non-foam structures. 2,882 Reaction Injection Molding (RIM), microcellular structural foam RIM, 2,398 SRIM (Structural RIM Composites), and low-density R
Slide 24: Raw Materials
RAW MATERIALS Raw Material Sales Volume (Tons) Raw Materials Raw materials supplied by Kimpur are grouped under the KIMraw® product line and are used in a variety of applications, including 20,045 polyurethane systems, plasticizers, adhesives, construction 17,810 chemicals, and coatings. 8,159 4,8
Slide 25: iv. Our Strategic Projects & Sustainable Expansion and Export Policies
iv. Our Strategic Projects & Sustainable Expansion and Export Policies
Slide 26: Sustainable Expansion: Düzce Production Facility
SUSTAINABLE EXPANSION DÜZCE PRODUCTION FACILITY March April July May January March July 2025 2022 2023 2023 2024 2025 2025 Construction Construction has The first phase An additional 85 kT The first All Ravago reactors Synthesis of has been completed. has been put capacity was added production was w
Slide 27: Highlights of 2025: Kimpur & Ravago Polyurethane Unit Investment
HIGHLIGHTS OF 2025 SUSTAINABLE EXPANSION KİMPUR & RAVAGO PETROKİMYA A.Ş. POLYURETHANE UNIT INVESTMENT SP & PET Polyester & Project Road Map Strategic Purposes Financial Competitive Standard PES Growth Oppportunities Advantage Growth July 2024 Relocation Increasing production Opportunity for
Slide 28: Production of Polyester Polyol Using Recycled PET
HIGHLIGHTS OF 2025 SUSTAINABLE EXPANSION Production of polyester polyol using recycled PET At our Düzce facility, we have started producing recycled-content polyester polyols by chemically depolymerizing post-consumer PET bottle waste. In this way, we reduce our use of fossil-based raw materials whi
Slide 29: Turquality Brand Support Program
HIGHLIGHTS OF 2025 TURQUALITY BRAND SUPPORT PROGRAM Strategic Goal Financial Benefits Objectives It is Turkey’s first and only government- supported brand development program. The objective is to enhance the global Enhancing brand strength Benefiting from annual and awareness in target support o
Slide 30: Highlights: Strategic Developments
HIGHLIGHTS STRATEGIC DEVELOPMENTS Global Growth in Rigid SP and Spray Foam Systems Global Growth in Polyester Global Growth Product Groups Opportunities in the Following initial contacts established in 2024, collaborations with Europe’s Automotive Sector leading sandwich panel companies continue i
Slide 31: Exports to 55+ Countries Across 5 Continents
STRONG EXPORT STRATEGY EXPORTS TO 55+ COUNTRIES ACROSS 5 CONTINENTS
Slide 32: Strong Export Strategy
STRONG EXPORT STRATEGY SALES (TONS) 2022 % 2023 % 2024 % 2025 1ST % European Countries 4,897 14.8% 11,673 30.1% 21,446 37.4% HALF SHARE OF EXPORTS 11,753 48.0% % CIS Countries 10,870 32.8% 9,292 23.9% 18,398 32.1% 38.0% 5,475 22.4% 36.1% African Countries 6,536 19.7% 9,201 23.7% 11,063 19.3% 3,881 1
Slide 33: v. Environmental & Social Sustainability
v. Environmental & Social Sustainability
Slide 34: Our Sustainability Strategy
OUR SUSTAINABILITY STRATEGY At Kimpur, we recognize our environmental, social, and economic responsibilities for a sustainable future and are committed to fulfilling them with determination. Sustainability is a core part of our corporate strategy. As a member of the UN Global Compact and a signatory
Slide 35: Sustainability at Kimpur
SUSTAINABILITY AT KİMPUR WE PUBLISHED OUR 2030 CLIMATE CHANGE ROADMAP! Environment-Friendly Products Environment-Friendly Facilities Sustainability Product Occupational Health and Safety Gender Equality Sustainability Management Product Systems Produced from Renewable Management OHS Committee
Slide 36: Collaborations for Sustainability
COLLABORATIONS FOR SUSTAINABILITY Indices and Assessments Reporting and Reports Our Certificates Our Achievements Our Memberships/Commitments We have been awarded the Gold Certificatefrom SKD Turkey’s DO (Be Conscious ) Project! We ranked among the top 50 companies globally in environmental performa
Slide 37: Our Sustainability Goals
OUR SUSTAINABILITY GOALS 33% Although our production increased Calculation of the full Product life cycle analyses were reduction in energy- product life cycle for all our completed in 2024. by 28% in 2023, the carbon footprint systems related carbon emissions by 2030 per unit remained constant. Syn
Slide 38: Our Sustainability Goals
OUR SUSTAINABILITY GOALS Measurement of digital maturity has begun Increase total sales volume by In 2023, our sales volume increased Increasing the budget for digital according to the DMI methodology. 10% by 36% transformation initiatives by 2024 compared to 2022. (Base Year: 2022) In 2023, Assessm
Slide 39: 2025 Expectations & Opportunities
2025 EXPECTATIONS & OPPORTUNITIES The focus of global system manufacturers on raw material production * new opportunities Growth target across all product groups in Europe & collaborations with key customers Enhancing brand presence and sales activities in target markets with Turquality suppor
Slide 40: 2025 Expectations & Opportunities and Reasons for Deviation
2025 EXPECTATIONS & OPPORTUNITIES AND REASONS FOR DEVIATION INTERNAL FACTORS Contraction beyond expectations in the domestic market / footwear sector Decrease in term purchases – negative impact on gross profit Negative impact of inflation accounting on gross profit – Revaluation of foreign curre
Slide 41: vi. Financial Performance
vi. Financial Performance (2025 6-MONTHS - Critical Financial Indicators)
Slide 42: 2025 6-Months' Revenue
2025 6-MONTHS' REVENUE TMS 29 Post-Inflation Accounting TMS 29 Pre-Inflation Accounting 5,606.5 8,019.5 4,973.8 1,847.4 1,733.0 5,891.0 1,281.6 2,010.5 6.172,1 3,692.3 3.692,3 3,873.5 3.873,5 3.880,4 2024 2ND QUARTER 2025 2ND QUARTER 2024 2ND QUARTER 2025 2ND QUARTER Domestic Sales Exports Total Dom
Slide 43: 2025 6-Months' Profitability Values (TMS 29)
2025 6-MONTHS' PROFITABILITY VALUES Results Adjusted According to Inflation Accounting (TMS 29) Gross Profit (Million TL) EBITDA (Million TL) 18% 14% 12% 11% 1,108.7 1.076,6 1,076.6 856.7 856,7 696.0 696,0 2024 2ND 2025 2ND 2024 2ND 2025 2ND QUARTER QUARTER QUARTER QUARTER Gross Profit Gross Profit
Slide 44: 2025 6-Months' Profitability Values (Pre-Inflation Accounting)
2025 6-MONTHS' PROFITABILITY VALUES Pre-Inflation Accounting (TMS 29) Results Gross Profit (Million TL) EBITDA (Million TL) 20% 13% 16% 11% 1,098.7 1.098,7 775.9 775,9 727.3 727,3 568,0 568.0 2024 2ND QUARTER 2025 2ND QUARTER 2024 2ND QUARTER 2025 2ND QUARTER Gross Profit Gross Profit Margin EBITDA
Slide 45: Breakdown of Net Profit/Loss and Financial Expenses
BREAKDOWN OF NET PROFIT/LOSS AND FINANCIAL EXPENSES 2025 1ST HALF PROFITABILITY TMS 29 REVENUE % PRE-TMS 29 REVENUE % Revenue 5,890,969,849 100% 5,606,518,374 100% Gross Profit 1,076,609,390 18% 1,098,738,927 20% Net Profit -588,461,778 -10% -422,377,650 -8% EBITDA 695,955,267 12% 727,279,956 13% FU
Slide 46: Net Operating Capital
NET OPERATING CAPITAL Million TL 4,0254.025 4,4894.489 2024 2025 2ND QUARTER Net Operating Capital Million TL 31.12.2024 30.06.2025 Difference TRADE RECEIVABLES 5,508.21 5,716.21 207.99 Impact of Increased Sales INVENTORIES 2,043.07 1,733.75 -309,32 Decrease in Inventories TRADE PAYABLES 3,526.43 2,
Slide 47: Our 2025 Priorities
OUR 2025 PRIORITIES Sustainable Growth and Profitability Target: *Stable growth in the domestic market *Strong momentum in exports (18% export growth) Tight Balance Sheet & Operating Capital Management Positive Free Cash Flow priority Proactive Exchange Rate Risk Management Effective Finan
Slide 48: Highlights of 2025
HIGHLIGHTS OF 2025 The use of low-cost rediscount loans in TL and foreign currency loans continues. We expect the effects of changes in the credit model to be seen in upcoming periods. The foreign exchange increase during the March–June period had an impact on our exchange rate costs. Our fo
Slide 49: Reservation
RESERVATION Based on the decision dated 28 December 2023 and numbered 81/1820 of the Capital Markets Board, it has been decided that the issuers and capital market institutions subject to CMB's financial reporting regulations applying Turkish Accounting/Financial Reporting Standards apply inflation
Slide 50: Contact
CEO: Cavidan Karaca cavidan.karaca@kimpur.com IR:Damla Mermeroglu damla.mermeroglu@kimpur.com investorrelations@kimpur.com Gebze Factory Düzce Factory Kimpur Europe Kimpur UK Headquarters Gebze Plastikçiler Organize Sanayi Bölgesi İnönü OSB, Yakabaşı Mevki, 1. Cadde Brīvības iela 103, Liepāja, L
Kimteks Poliüretan Sanayi ve Ticaret A.Ş. (Kimpur) — H1 2025 Earnings Presentation on 6ix