Cimsa Cimento Sanayi Ve Ticaret A.s. · BIST:CIMSA
Cimsa Cimento Sanayi Ve Ticaret A.s — Q3 2025 Earnings Presentation
19 slides from Cimsa Cimento Sanayi Ve Ticaret A.s's earnings presentation, Nov 3, 2025
Slide 1: Financial Results '25
FINANCIAL RESULTS ‘25 November 3, 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: 3Q25 Snapshot
ciM@® 3Q25 SNAPSHOT
Slide 4: 3Q25 Snapshot
3Q25 Snapshot NET SALES 3Q25 ➢ Cement consumption in Türkiye increased by 5.0% year-on-year in 7M25. TRY11,240mn ➢ Türkiye’s cement & clinker exports grew by 21.1% y/y in 8M25. +42% y/y ➢ Çimsa’s consolidated sales volume growth continued in the third quarter. Annual volume growth was 30.1% in 3Q25,
Slide 5: Cement consumption in Türkiye increased due to reconstruction activities while exports maintained growth momentum
Cement consumption in Türkiye increased due to reconstruction activities while exports maintained growth momentum TÜRKİYE CEMENT CONSUMPTION* Domestic - mt Çimsa’s Regions - mt y/y y/y +8.9% +5.0% 10.1% +11.5% • Cement consumption in Türkiye increased by 70.8 27.8 5.0% y/y in 7M25. 65.0 25.2 39.6 41
Slide 6: Organic volume growth momentum maintained in 3Q25 supported by both Türkiye & international markets
Organic volume growth momentum maintained in 3Q25 supported by both Türkiye & international markets ÇİMSA SALES VOLUME • Çimsa’s consolidated sales volume increased Consolidated Volume Breakdown- kt by 30.1% y/y in 3Q25 thanks mainly to growth in y/y trading operations and Mannok contribution. +0.6%
Slide 7: Average energy prices declined while fuel prices increased in 3Q25
Average energy prices declined while fuel prices increased in 3Q25 Average market electricity prices in USD terms were c.6% lower vs a year ago in 3Q25. Average: Average: USD75 USD71 79 77 71 72 70 71 74 72 65 64 69 65 68 69 65 66 64 59 64 55 56 ENERGY* Average market petcoke prices in USD terms wer
Slide 8: Cost advantage achieved through increased alternative fuel usage in our plants
Cost advantage achieved through increased alternative fuel usage in our plants TR PLANTS BUNOL PLANT (WHITE CEMENT) MANNOK (GREY CEMENT) 40% 40% %80 2030 2030 2030 17% 30% 67% Sep ‘25 YTD Sep ‘25 YTD Sep ‘25 YTD 11% 28% 55% Sep ‘24 YTD Sep ‘24 YTD Sep ‘24 YTD 8
Slide 9: U.S. grey cement grinding plant investment completed and became operational during October'25
U.S. grey cement grinding plant investment completed and became operational during October’25 • Started in September, 2023. • Total investment amount: USD82.5 million. • Grinding capacity: 600k tons p.a. • Global growth in our existing business line and increase in FX-denominated revenue share. 9
Slide 10: Financial Update
FINANCIAL UPDATE
Slide 11: Solid revenue growth sustained on the back of Mannok's contribution though earnings impacted
Solid revenue growth sustained on the back of Mannok’s contribution though earnings impacted by challenging base and pricing dynamics NET SALES EBITDA & EBITDA MARGIN NET INCOME & NET INCOME MARGIN +42.3% Margin: 28.0% 21.1% Margin: 20.4% 13.2% 11,240 5,000 25.0% 7,000 4,500 25.0% 6,000 7,902 +7.4%
Slide 12: Adjusted net income growth achieved in 9M25
Adjusted net income growth achieved in 9M25 Excluding the impact of SAHOL shares from both period, net income increased by 7.7%. TRYmn +7.7% 4,405 609 (73) (21) 3,675 3,412 (252) (993) 3Q25: (256) 2,776 (899) Reported 9M24 Impact of 9M24 Adjusted ∆ EBITDA ∆ Net Financial ∆ Tax ∆ Depreciation 9M25 Ad
Slide 13: Prudent balance sheet management
Prudent balance sheet management Well Diversified Debt & Cash Composition Efficient WC Management & Healthy Debt Levels 16 ,00 0 20 % 30 ,00 0 4.0 0x TRY5.4bn TRY2.9bn TRY25.5bn TRY12.2bn 18 % 2.38x 2.65x Consolidated Cash Çimsa TR Cash Consolidated Debt Çimsa TR Debt 14 ,00 0 3.0 0x 25 ,00 0 14% 16
Slide 14: Thank You! Q&A
ciM@® THANK YOU! Q&A
Slide 15: Appendix
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Slide 16: Profit & Loss Statement
Profit & Loss Statement TRY ('000) 3Q24 3Q25 9M24 9M25 Revenue 7,901,601 11,240,209 24,646,148 33,101,045 Cost of sales (5,538,550) (8,811,587) (18,800,519) (26,636,596) Gross Profit 2,363,051 2,428,622 5,845,629 6,464,449 General and administrative expense (585,366) (784,833) (2,035,464) (2,855,741
Slide 17: Balance Sheet
Balance Sheet TRY ('000) December-24 September-25 TRY ('000) December-24 September-25 Current Assets 24,185,500 21,536,762 Current Liabilities 31,027,569 18,224,421 Cash and cash equivalents 9,642,417 5,400,339 Borrowings* 17,398,619 6,424,641 Trade receivables 7,096,619 8,403,377 Trade payables 8,3
Slide 18: Cash Flow Statement
Cash Flow Statement TRY ('000) 9M24 9M25 A. CASH FLOWS FROM OPERATING ACTIVITIES 7,396,388 3,464,903 Profit before taxation 5,028,795 3,421,144 Adjustments to reconcile net profit/loss for the period 7,989,945 2,969,655 Changes in working capital (5,403,377) (2,723,338) Cash flows from operations 7,
Slide 19: Thank You!
ciM@® THANK YOU!
Çimsa Çimento Sanayi ve Ticaret A.Ş. — Q3 2025 Earnings Presentation on 6ix