Turk Traktor Ve Ziraat Makineleri A.s. · BIST:TTRAK
Turk Traktor Ve Ziraat Makineleri A.s — H1 2025 Earnings Presentation
37 slides from Turk Traktor Ve Ziraat Makineleri A.s's earnings presentation, Jul 28, 2025
Slide 1: Investor Presentation
GAKos AP 2 e a) = 4 _ ZS ‘jas 4 w INVESTOR PRESENTATION 28.07.2025 TiirkTraktor TiirkTraktor a CNH
Slide 2: Disclaimer
DISCLAIMER With the Capital Markets Board of Turkey’s Bulletin dated 28.12.2023 numbered 2023/81, CMB announced that issuers and capital market institutions shall prepare their annual financial statements ending on 31.12.2023 or later, in accordance with IAS 29 inflationary accounting provisions. Ac
Slide 3: Corporate Structure
CORPORATE STRUCTURE — : Total 2,427 employees** 1,742 shop-floor employee + 54,000 units 685 office employee tractor production capacity* Established in 1954 Shareholder Structure (OVO) Koc Founded in 1926, Kog Holding is BORSA _ Free Float CNH CNH Industrial is a one of the leading Y Turkey's large
Slide 4: Plants & Facilities
PLANTS & FACILITIES Ankara Factory Engine, Transmission and Axle Manufacturing Center CE Manufacturing Center Opening : 25.06.1954 Indoor Area : 82,000 m? Total Area : 257,325 m? Erenler Factory Opening : 17.06.2014 Indoor Area: 68,613 m2 Total area: 402,162 m? Akyurt - Ankara After Sales Operation
Slide 5: Position within CNH Industrial
Position within CNH Industrial The sole design and production center of New Holland TD and Case IH JX series tractors in the world The sole production center of New Generation Utility Medium series transmissions in the world The sole production center of Utility Light series tractors and transmissio
Slide 6: Investment Highlights
INVESTMENT HIGHLIGHTS ° 1 Leading tractor manufacturer with diversified product range o om The largest tractor producer in Turkey with 54K tractor capacity Sustainable growth Good shareholder returns Tractor market leader for the last Vertically integrated operation 4 consecutive 18 years Has long-t
Slide 7: TürkTraktör at a Glance
TURKTRAKTOR AT A GLANCE Tractor Manufacturing (unit © Total Tractor Sales (unit) 51,423 Slmport Tractor mDomestic Tractor = Export 7 : ’ 44,490 24,920 25,789 L] E c C4 — 2023 2024 2024/6 2025/6 2023 2024 2024/6 2025/6 OO —?#"-..IROWwvOwW0woO Das mmma— Total Revenue (million TL) ése Gross Profit (mil
Slide 8: Value Created for Our Shareholders
VALUE CREATED FOR OUR SHAREHOLDERS ‘ @ Foreign Ownership in Free Float %) 4 Stock Chart 250 200 150 100 50 0 PSP SP ha? gh sh nh nen n® egy SS a i i St Ph wh i? nO 0 Wr gh gO PP oP ag eg eg eg SP gS oh oh ol aa ag ag eg gr cg he le ol hk? a? aah adh aS aes PP PW BBP PHN go Ho SPF PFS FP re Pg Hh oF
Slide 9: Tractor
0% NEW HOLLAND GAKog Local Tractors (55HP-145HP) Import Tractors (130HP-300HP) he oie TRACTOR ° * TiirkTrakt6r has continued to be the first choice of farmers as the uninterrupted market leader in the Turkish tractor (CASE! I] > market for the 18 years, with the broadest sales and after- 4 Local Tra
Slide 10: Construction Equipment
CONSTRUCTION EQUIPMENT , > * TiirkTrakt6r, which stepped into the construction 4q CASE CONSTRUCTION 4 CONSTRUCTION | ipment industry in 201 he distributor of n ; Light Construction Equipment equipment industry in 20 CSU eo 0 ee d Light Construction Equipment New Holland branded construction equipmen
Slide 11: Agricultural Equipment
GAkoe AGRICULTURAL EQUIPMENT QY NEW HOLLAND | =< | ae Agricultural Equipment —s Equipment Vv ¢ Agricultural equipment covers the widest range in Turkey of actively used products in all processes, starting with tillage, planting, spraying, fertilizing, and then harvesting and transporting. + In the a
Slide 12: Market Position of Our Brands
MARKET POSITION OF OUR BRANDS y Q% NEW HOLLAND ° Market leader for almost 18 years in a row 32.3%* market share The largest dealer network covering all regions Wide customer portfolio * Targeting professional farmers 5" brand in the market 8.6%* market share ¢ Weare strengthening our position in the
Slide 13: Sales and After-Sales Network Map
BARTIN KIRKLARELİ KASTAMONU SİNOP İSTANBUL EDİRNE ZONGULDAK KARABÜK ARTVİN SAMSUN ARDAHAN TEKİRDAĞ KOCAELİ DÜZCE RİZE ORDU TRABZON YALOVA SAKARYA AMASYA GİRESUN BOLU ÇANKIRI KARS ÇORUM TOKAT BAYBURT BİLECİK GÜMÜŞHANE ÇANAKKALE BURSA ERZURUM IĞDIR KIRIKKALE ANKARA ERZİNCAN BALIKESİR YOZGAT ESKİŞEHİR
Slide 14: Sales and After-Sales Network Map
14 BARTIN KIRKLARELİ KASTAMONU SİNOP İSTANBUL EDİRNE ZONGULDAK KARABÜK ARTVİN SAMSUN ARDAHAN TEKİRDAĞ KOCAELİ DÜZCE RİZE ORDU TRABZON YALOVA SAKARYA AMASYA GİRESUN BOLU ÇANKIRI KARS ÇORUM TOKAT BAYBURT BİLECİK GÜMÜŞHANE ÇANAKKALE BURSA ERZURUM IĞDIR KIRIKKALE ANKARA ERZİNCAN BALIKESİR YOZGAT ESKİŞEH
Slide 15: Koç
15 Kog TiirkTraktor CNH
Slide 16: Turkish Agriculture Sector
TURKISH AGRICULTURE SECTOR v Turkey’s Turkey’s Share in 2. 19 Share nd 3. 1 of agricultural 7. agricultural 1 ‘ GDP 0 the total 0 ECONOMY IN gc cro004 economy in —fasorz024 (esof1a202) | employment (as of 10 2025) the World Europe -8.5% decrease Agricultural Production 2024-2025 (milion ton) m 2024
Slide 17: Agricultural Support Programs in Turkey
AGRICULTURAL SUPPORT PROGRAMS IN TURKEY 7 TiirkTraktor
Slide 18: Agricultural Support Programs in Turkey
AGRICULTURAL SUPPORT PROGRAMS IN TURKEY y Agricultural Subsidy Payments (ition 11) Agricultural Investment Supports ition 1) 65% increase 166.3 47% increase VP 0 100.6 . 6 41.3 21.9 23.0 25.1 17.0 121 mH all S i ar _—— 7 7 7 2019 2020 2021 2022 2023 2024 2025 2019 2020 2021 2022 2023 2024 2025 Budge
Slide 19: Consumer Finance
CONSUMER FINANCE 4
Slide 20: Consumer Finance
CONSUMER FINANCE y Interest Rates * Ziraat Bank is in a competitive position with a post-subsidy 4 & Ziraat Bankasi interest rate of 22.5%. Ziraat Bank loan usage was 12.8% as 2025/6. e | Financing Distribution of TiirkTraktor's Sales TiirkTraktor mae Finans Dec 21 Aug 22Sep 22 Oct 22 Nov 22Jun 23 J
Slide 21: TürkTraktör Finance
TURKTRAKTOR FINANCE TurkTraktor ges Finans TiirkTraktor
Slide 22: TürkTraktör Finance
TURKTRAKTOR FINANCE y |, Aimed to enable farmers to have new tractors through the ¥, alternative financial solution and to support the increase of Y mechanization and modernization of agriculture All Financial Solutions TiirkTraktor Undera mam Finans Single Roof Om Covers tractor, agricultural equip
Slide 23: Highlights of Turkish Tractor Market
HIGHLIGHTS OF TURKISH TRACTOR MARKET a GAKos TiirkTraktor CN4
Slide 24: Highlights of Turkish Tractor Market
Total Tractor HIGHLIGHTS OF TURKISH TRACTOR MARKET Tractors older than 35 years 48% : Ratio of the Actively used tractors >24 Tractor years GA Kos Turkey was the 4" biggest tractor market in the world in the 2024 *Source: Association of Turkish Insurance and Reinsurance Companies TiirkTraktor CNH 24
Slide 25: Global Tractor Market
GLOBAL TRACTOR MARKET \ HN —— —~ i =\V a 4 - = eZ) — F —Z GAKos TiirkTraktor
Slide 26: Global Tractor Market
GLOBAL TRACTOR MARKET , Total Global Market (thousand unit) 6m 2022 | 2023 | 2024 Important Export hanlew 560 549 484 I North America 302 278 241 HH Europe 163 156 138 Other 95 114 103 i India 912 915 910 BH China 281 224 219 lm Turkey 67 78 64 @ Brazil 52 49 47 i Pakistan 44 42 38 World Total 1916
Slide 27: Export
EXPORT y “8-Tractor Export from Turkey* (unit) __STiirkTraktér’s Export (nit) ‘Source: Tarmakbir Total wTiirkTraktér pe decrease — 16,016 “4 516 -37% decrease 10,194 7 105.7 5,163 2023 2024 2024/6 2025/6 2023 2024 A 2025/6 © TirkTraktor’s Share in Export* > TiirkTrakt6r is an international player th
Slide 28: Production
PRODUCTION E GAKos TiirkTraktor CN4
Slide 29: Tractor Production in Turkey & TürkTraktör
29 TRACTOR PRODUCTION IN TURKEY & TURKTRAKTOR Oks Tractor Production of Turkey* (unit) 6% TiirkTraktér’s Production (unit) Total =m TiirkTraktér i 92,581 -15 ia decrease -290) 43,611 42,535 a wos 43,611 pe pera 24920 24.852 15 ong Hi a: 24, oo cs 5,563 2023 2024 2024/6 2025/6 2023 2024 = — * Updated
Slide 30: Market Position
30 Market Market 2024 2025/6 Position Position New Holland 22,729 1. 7,607 1. Case IH 6,651 2. 2,022 5.
Slide 31: Sales of TürkTraktör
SALES OF TURKTRAKTOR = 6% Tractor Sales of TiirkTraktér (unit) Slmport mLocal = Export )> Locally produced tractor sales decreased by 44% = 34,984 in 2025/1H. 31,222 Import tractor sales decreased by 57% in 2025/1H. In 2025/1H export tractor sales ' decreased by 37% comparing to 2024/1H. Se. Constru
Slide 32: Financial Results
GAkoe FINANCIAL RESULTS YY we TiirkTraktor CNH
Slide 33: Income Statement
GA Kos INCOME STATEMENT Income Statement IAS 29 (TL mils.) Total Sales Domestic Sales Export Sales Gross Profit Margin Operating Income Margin EBITDA Margin Profit Before Tax Margin Net Income Margin 2024 1H 45,468 34,619 10,849 9,747 21.4% 6,545 14.4% 7,042 16.6% 7,040 15,5% 5,180 11.4% TiirkTrakto
Slide 34: Balance Sheet & Cash Flow Statement
GAKos BALANCE SHEET & CASH FLOW STATEMENT Balance Sheet IAS 29 (TL mils.) 31.12.2024 30.06.2025 Change Total Assets 41,925 40,016 -5% Current Assets 26,811 24,879 Th Non-Current Assets 15,114 15,137 0.2% Total Liabilities 22,128 24,857 12% Current Liabilities 18,764 19,433 4% Long Term Liabilities 3
Slide 35: Financial Position & Ratios
FINANCIAL POSITION & RATIOS Financial Position IAS 29 (TL mils.) Net Debt Cash & Cash Equivalents and Financial Investments Total Financial Debt Financial Ratios Current Ratio Liquidity Ratio Current Assets / Total Assets Current Liabilities / Total Liabilities GAKos 2024 (3,522) 7,728 11,251 2024 T
Slide 36: 2025 Expectations
2025 EXPECTATIONS Tractor Market > Turkish Tractor Industry Volume**: 40,000 — 46,000 units > Local Tractor Sales*/**: 18,000 — 22,000 units Hee ee > Tractor Exports***: 10,000 — 12,000 units TiirkTraktOr > capex. 75 - 100 mittion$ *Sales to the dealers included imported tractors. **Due to the contr
Slide 37: Investor Relations Contact
GA Kos INVESTOR RELATIONS CONTACT u Fatma CAVLI Merig ONARGAN Investor Relations Team Leader Investor Relations Leader Specialist +90 312 2332502 @ +90 312 2332504 Fatma.Cavli@turktraktor.com.tr Meric.Onargan@turktraktor.com.tr investorrelations@turktraktor.com.tr TiirkTraktor CN4
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