Slide 1: Investor Presentation 9M’25
Investor Presentation 9M’25
Slide 2: Content
9M’25 Key Financial Results 4 Content 9M’25 Segmental Results 5-7 9M’25 Regional Results 8 9M’25 & Historical Operational Results 9-12 Liquidity & Capital Allocation 13-16 Sustainability - CareforNext 2022-2030 Vision 17-19 Şişecam at a Glance & Risk Management Policies 20-21 Appendix 22
Slide 3: Important Notice on Inflation Accounting (IAS 29)
Important Notice on Inflation Accounting (IAS 29) Türkiye has economic conditions that require reporting entities in the country to follow the Pursuant to the Capital Markets Board Decision dated 28.12.2023 and numbered 81/1820, methodology set out in International Accounting Standards (‘IAS’) - 29
Slide 4: 9M’25 Key Financial Results
9M’25 Key Financial Results TRY Mn Revenue Gross Profit EBITDA Parent Only Net Income -11% 28% 181,696 23% 162,278 11% 57,140 45,102 53,940 41,569 8% 16,193 13,051 4% 4% 60,682 56,526 18,244 14,101 16,641 14,908 4,442 8,149 63,874 4,129 5,743 51,812 3,542 9,347 1,153 14,417 12,269 3,357 1,463 7,238
Slide 5: 9M’25 Segmental Revenue and EBITDA Margin
9M’25 Segmental Revenue and EBITDA Margin TRY Mn Architectural Glass Industrial Glass 2% 12% 23% -6% -3% +3% 39,537 38,402 20,012 19,386 12,714 +1% -4% 13,256 5,478 6,015 -8% +11% 13,263 12,773 6,588 7,563 13,560 12,372 7,320 6,434 9M’24 Volume Pricing, Product Mix 9M’25 9M’24 Volume Pricing, Produc
Slide 6: 9M’25 Segmental Revenue and EBITDA Margin
9M’25 Segmental Revenue and EBITDA Margin TRY Mn Glass Packaging Chemicals 9% 16% 17% 13% +2% -18% 36,646 37,490 42,760 35,215 13,675 +2% 0% 13,636 13,987 -8% -10% 10,592 11,776 13,454 13,624 11,921 11,195 10,400 15,149 12,701 9M’24 Volume Pricing, Product Mix 9M’25 9M’24 Volume Pricing, Product Mix
Slide 7: 9M’25 Segmental Revenue and EBITDA
9M’25 Segmental Revenue and EBITDA TRY Mn Diversified Revenue Mix Revenue Bridge Energy Other Architectural Glass 181,696 5% 2% -1,136 626 162,278 -3,612 844 -7,545 24% -8,033 -563 Chemicals 22% 12% Industrial Glass 23% 12% 9M’24 Architectural Industrial Glassware Glass Chemicals Energy Other 9M’25
Slide 8: 9M’25 Regional Results
9M’25 Regional Results Geographic Revenue Mix Regional Breakdown of Exports from Türkiye Russia, Ukraine Other Other and Georgia North Africa 2% 2% 11% 12% US Asia 10% 6% 40% Sales in Türkiye South America 3% Europe 10% 55% 19% North America Europe 12% 18% Middle East Exports from Türkiye Top 10 Exp
Slide 9: 9M’25 Operational Results
9M’25 Operational Results K tons Glass Production Soda Ash Production Chromium Chemicals Sales 4,214 4,248 3,473 91 3,248 76 40% 40% 68% 67% 88% 88% 60% 60% 32% 33% 12% 12% 9M'24 9M'25 9M'24 9M'25 9M'24 9M'25 Domestic International Domestic International Domestic International* 9 * International: Sa
Slide 10: Historical Production & Sales Results - Glass
Historical Production & Sales Results - Glass K tons Regional Glass Production Segmental Glass Production 16% 9% 5,619 5,781 5,634 3% 8% 5,227 -4% -10% 1% 1% 5,634 4,857 1% 1% 5,619 5,781 1% 4,214 4,248 4,857 5,227 1% 41% 4,214 4,248 42% 44% 1% 1% 42% 40% 44% 45% 41% 47% 46% 6% 6% 44% 45% 40% 40% 6%
Slide 11: Historical Production & Sales Results - Chemicals
Historical Production & Sales Results - Chemicals K tons Soda Ash Production Soda Ash Sales 280% 170% 280% 170% 108% 120% 120% 99% 230% 230% 70% 70% 180% 180% 8% 1% 10% 0% 2% 20% 20% 130% -9% -4% -2% -6% 130% -8% -2% -7% -3 0% -3 0% 38% 37% 70% 69% 67% 68% 67% 73% 80% 76% 80% 88% 90% 88% 88% 87% -8
Slide 12: Installed Gross Capacities
Installed Gross Capacities Flat Glass Glassware Glass Packaging Soda Ash* 7% 10% 3% 5% 10% 14% 30% 4.6 Mn 524 K 38% 3.3 Mn 5 Mn 50% 11% tons/year tons/year tons/year tons/year 61% 14% 59% 62% 6% 12% 8% Türkiye Russia Bulgaria Italy India Egypt Türkiye Russia Bulgaria Egypt Türkiye Russia Georgia Tür
Slide 13: Debt Position
Debt Position Net Debt Bridge (TRY Mn) Net Debt USD 2.7 Bn 3,606 114,055 Net Debt/EBITDA 5.5x 90,434 24,951 -4,937 Fixed Interest Rate 56% 2024 Borrowings Cash &Cash Equ. Marketable Sec* 9M’25 Variable Interest Rate 44% Term Structure of Gross Debt* (TRY Mn) 159,077 Other 2% TRY EUR 56% USD Net Shor
Slide 14: Gross Debt & Liquidity Results
Gross Debt & Liquidity Results TRY Mn 159,077 2024 9M’25 Net Debt/EBITDA** 5.18 5.49 114,055 Net Debt/Equity** 0.35 0.45 2,669 Credit Ratings 42,353 Moody’s B2 Negative 9M'25 Fitch Ratings B Negative Cash & Cash Marketable Net Debt Equ. Sec.* (*) Marketable securities: USD 63 Mn-Eurobond investments
Slide 15: FX Position
FX Position 9M’25: Net Short FX Position: TRY 12 Billion 2024 9M'25 1,358 110 94 -153 -146 -3,788 USD EUR Other Currencies Corresponding TRY 15
Slide 16: FCF & Capex Analysis
FCF & Capex Analysis TRY Mn 9M'24 9M'25 Change CAPEX Breakdown (9M’25) Net Profit 8,630 5,657 -2,974 Non Cash Items 12,307 24,572 12,264 Changes in Working Capital -2,808 -480 2,328 Other Cashflow from operations 18,130 29,748 11,618 Interest received,net -9,110 -12,467 -3,357 Chemicals Dividend pai
Slide 17: Care for N@xt Sustainability
Care for N@xt sustainability PROTECT EMPOWER TRANSFORM THE PLANET SOCIETY LIFE VEARS
Slide 18: Sustainability Initiatives & Projects
Sustainability Initiatives & Projects Şişecam 2024 Sustainability Report Since 2013, we have voluntarily published our sustainability reports every year, upholding our principle of transparency and accountability. In line with this approach, we have shared our 2024 Sustainability Report with the pub
Slide 19: Sustainability Initiatives & Projects
Sustainability Initiatives & Projects Şişecam 2024 Sustainability Report Since 2013, we have voluntarily published our sustainability reports every year, upholding our principle of transparency and accountability. In line with this approach, we have shared our 2024 Sustainability Report with the pub
Slide 20: Şişecam at a Glance
1st 1st Corporate History Export Countries 90 years 150+ World leader in basic World leader ŞİŞECAM chromium sulphate in glassware Production in Production at FREE FLOAT 2% 13 countries 47 plants 46% Employees Market Cap.* Only global player in 22,000+ $2.6 Billion all key areas of glass Revenue in
Slide 21: Risk Management Policies
Risk Management Policies Leverage Leverage with conservative Net Debt/EBITDA levels Liquidity Maintain sufficient liquidity to meet short-term funding and to finance equity portion of Capex FX Position FX position limited to -10% to 20% of shareholder’s equity Not only a diversified relationship ban
Slide 22: Appendix
Operating Structure Appendix Production Facilities FX Exposure COGS Analysis Summary Balance Sheet Summary Income Statement Key Financials w/o IAS 29 Historical Financials w/o IAS 29
Slide 23: Şişecam Operating Structure
Şişecam Operating Structure Production Joint Ventures Joint Ventures ŞİŞECAM ARCHITECTURAL GLASS INDUSTRIAL GLASS GLASSWARE GLASS PACKAGING CHEMICALS ENERGY OTHER Şişecam Flat Şişecam Şişecam Paşabahçe Şişecam Şişecam Şişecam TRSG Glass Paşabahçe Şişecam Camiş Oxyvit Glass India Otomotiv Elyaf Sanay
Slide 24: Şişecam Production Facilities – 2025
Şişecam Production Facilities – 2025 FLAT GLASS & INDUSTRIAL GLASS CHEMICALS GLASS ARCHITECTURAL GLASSWARE ENERGY OTHER* AUTO ENCAPSU- PACKAGING SODA CHROMIUM PORT MAN- GLASS GLASS FIBER GLASS LATION CHEMICALS CHEMICALS AGEMENT TÜRKİYE 5 PLANTS 1 PLANT 1 PLANT 3 PLANTS 3 PLANTS 1 PLANT 1 PLANT 1 PLA
Slide 25: FX Exposure
FX Exposure Consolidated Şişecam FX Exposure – 9M’25 Revenue 20% 27% 40% 10% 3% COGS 15% 26% 47% 9% 3% USD EUR TRY RUB Other Consolidated Şişecam FX Exposure – 9M’24 Revenue 24% 23% 40% 9% 4% COGS 18% 23% 49% 7%3% USD EUR TRY RUB Other 25
Slide 26: FX Exposure – 9M’25
FX Exposure – 9M’25 Architectural Glass Industrial Glass Revenue 6% 29% 54% 5% 6% Revenue 8% 60% 32% COGS 4% 40% 43% 6% 7% COGS 2% 65% 33% USD EUR TRY RUB Other USD EUR TRY RUB Glassware Revenue 8% 27% 48% 8% 9% COGS 3% 22% 61% 9% 5% USD EUR TRY RUB Other 26
Slide 27: FX Exposure – 9M’25
FX Exposure – 9M’25 Glass Packaging Chemicals Revenue 3% 11% 48% 34% 4% Revenue 73% 27% COGS 8% 2% 56% 31% 3% COGS 60% 23% 17% USD EUR TRY RUB Other USD EUR TRY 27
Slide 28: COGS Analysis
COGS Analysis Şişecam Consolidated COGS Breakdown Outsourcing & Other Outsourcing & Other Input & Materials 21% & Packaging Depreciation 16% Input & Materials 35% 5% & Packaging 39% 6% 9M’24 9M’25 Depreciation Labor 19% 17% 5% 16% 5% 16% Labor Ngas Electricity Electricity Ngas 28
Slide 29: Segmental COGS Analysis – 9M’25
Segmental COGS Analysis – 9M’25 Segmental COGS Breakdown Architectural Glass 43% 28% 6% 11% 4% 8% Industrial Glass 41% 2% 5% 30% 2% 20% Glassware 32% 14% 6% 37% 5% 6% Glass Packaging 47% 13% 8% 20% 6% 6% Chemicals 39% 19% 3% 18% 12% 9% Input & Materials & Packaging Ngas Electricity Labor Depreciatio
Slide 30: Natural Gas Prices – 9M’25 & Historical
Natural Gas Prices – 9M’25 & Historical Türkiye Ngas Expense % in total COGS 14% 11% 14% 11% 7% 2% Architectural Industrial Glassware Glass Chemicals Şişecam Glass Glass Packaging Türkiye Ngas Expense % in total COGS - ŞİŞECAM 18% 10% 12% 13% 11% 10% 11% 2020 2021 2022 2023 2024 9M'24 9M'25 30
Slide 31: Summary Balance Sheet
Summary Balance Sheet TRY Mn 2024 9M'25 Change Total Assets 500,500 479,492 -4% Important Notice Cash & Cash Equivalents 67,305 42,353 -37% Pursuant to the Capital Markets Board Decision Financial Assets & Derivatives 9,458 4,535 -52% dated 28.12.2023 and numbered 81/1820, issuers Trade Receivables
Slide 32: Summary Income Statement
Summary Income Statement TRY Mn 9M'24 9M'25 Change Important Notice Revenue 181,696 162,278 -11% Cost of Goods Sold -140,127 -117,175 -16% Pursuant to the Capital Markets Board Decision Gross Profit 41,569 45,102 8% dated 28.12.2023 and numbered 81/1820, issuers General and administrative -14,190 -1
Slide 33: Key Financials w/o IAS29
Key Financials w/o IAS29 TRY Mn Revenue EBITDA Profit Before Tax Net Income for the Period* 21% 18% 14% 154,563 127,877 3% 3% 28,012 8% 56,619 5% 45,450 6,756 17,653 9,964 53,337 7,399 42,702 5,697 13,891 3,550 5,552 4,140 4,799 2,563 7,368 39,724 44,606 1,027 3,851 6,404 7,364 111 5,971 139 -108 3,
Slide 34: Historical Financial Results (w/o IAS29)
Historical Financial Results (w/o IAS29) TRY Mn 36% 172,140 154,563 30% 133,580 127,877 28% 26% 95,349 18% 15% 14% 32,058 28,160 35,264 28,012 21,341 25,706 11,603 17,653 5,989 2020 2021 2022 2023 2024 9M'24 9M'25 Revenue EBITDA EBITDA Margin 2020 2021 2022 2023 2024 9M’24 9M’25 Revenue Change Y-o-Y
Slide 35: Disclaimer
Disclaimer This information in this document has been obtained by T. Şişe ve Cam Fabrikaları A.Ş. (“Şişecam” from sources believed to be reliable, however, Şişecam cannot guarantee the accuracy, completeness, or correctness of such information. This document has been issued for information purposes
Slide 36: Şişecam Investor Relations Contact Details
Şişecam Investor Relations Contact Details SC_IR@sisecam.com (+90) 850 206 34 34 Hande Özbörçek IR Director hozborcek@sisecam.com Ferizan Kızıl IR Manager fkizil@sisecam.com