Kordsa Teknik Tekstil A.s. · BIST:KORDS

Kordsa Teknik Tekstil A.s — Q2 2026 Earnings Presentation

15 slides from Kordsa Teknik Tekstil A.s's earnings presentation, Aug 5, 2026

  1. Slide 1: Q2'26 Financial Results

    Kordsa.com Q2’26 Financial Results Earnings Release Aug 5 2026

  2. Slide 2: Disclaimer

    Disclaimer The information and opinions contained in this document have been compiled by KORDSA Teknik Tekstil Anonim Şirketi (the “Company”) 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

  3. Slide 3: Agenda

    AGENDA 01. 02. 03. Q2’26 Highlights Market Dynamics Key Financials 04. What’s Next 3

  4. Slide 4: Q2'26 Segment Highlights

    4 Q2’26 Segment Highlights REVENUE OPERATING Adjusted EBITDA* TIRE REINFORCEMENT CASH FLOW * APAC recovery after the flood 217 26.1 MUSD * While the increase in commodity prices has a positive -4 MUSD impact on formula-based pricing, its effect on costs is MUSD 12.0% Margin observed with a time lag.

  5. Slide 5: China's accelerated move up the value chain to intensify pressure on mature markets

    5 China’s accelerated move up the value chain to intensify pressure on mature markets, while tire production in the EU and US show no signs of returning to pre-2019 levels. Structural demand shifts, trade policies, and supply chain realignments are reshaping the industry landscape Global Automotive

  6. Slide 6: Aerospace & defense segments are the major growth drivers in the Composite

    6 Aerospace & defense segments are the major growth drivers in the Composite Global Composite Prepreg Market (M$) Global Composite Textile Market(M$) Aerospace Deliveries Boieng 787 Deliveries # of Aircraft # of Aircraft Source: Lucintel & Kordsa Market Intelligence Forecast & Boeing Estimates

  7. Slide 7: Improved contribution from Composite segment along with the flood recovery in Asia-Pacific

    Improved contribution from Composite segment along with the flood recovery in Asia-Pasific operations coupled with overall cost optimization efforts support overall profitability 7 USD Financials (MUSD)  2Q'25 2Q'26  3Q'25 4Q'25 1Q'26 2Q'26 Sales 197 217 10.1% 198 179 201 217 Gross Profit 27 43 55

  8. Slide 8: Our aim is to build balanced portfolio between tire and composite reinforcement

    8 Our aim is to build balanced portfolio between tire and composite reinforcement Segment Reporting Results Q2, 26 Revenue Split Q2, 25 Revenue Split By Region* By Product* By Region By Product Other; Other, Asia; Asia; 2% 2% 10% 17% EMEA, SA, 12% Composite, Composite, 35% 25% 31% EMEA, SA, 10% 44%

  9. Slide 9: Hard Currency Revenue

    9 Hard Currency Revenue Other FX exposure Depreciation 3% 8% 5% 4% 2% Distribution & 5% 21% Packaging 5% 14% Costs 6% Q2’26 Revenue Energy (Q2’26) Expenses Expenses by (Q2’26) 71% Nature 57% Raw Materials 19% 79% Personel US $ EUR US $ TL EUR Expenses IDR BRL Baht Other Depreciation 11% • Hard curre

  10. Slide 10: Composite financials continues to support both revenue and profitability

    10 Composite financials continues to support both revenue and profitability. Sales Bridge – MUSD 18 9 2 217 197 -9 Q2'25 Composite Tire* Volume Tire* Price/Mix Other Q2'26 * Tire Reinforcement Segment

  11. Slide 11: Recovery from Flood and Remarkable contribution from Composite segment and cost optimization

    Recovery from Flood and Remarkable contribution from Composite segment and cost optimization Adjusted EBITDA Bridge (MUSD) Contribution: Sales – Variable Costs * Tire Contribution including all other businesses except composite

  12. Slide 12: Balance Sheet

    12 Balance Sheet TL Financials (MTL) USD Financials (MUSD)  YE’25 Q2’26   YE’25 Q2’26  Cash and Cash Equivalents 6,516 4,125 -2,391 152 89 -64 Account Receivables 4,908 6,717 1,809 115 144 30 Inventories 7,766 10,013 2,247 181 215 34 Other Current Assets 1,589 1,764 175 37 38 1 PPE & Intangibles

  13. Slide 13: Focus on cash management and net debt level

    13 Focus on cash management and net debt level Trade Working Capital (M$) Net Debt / Adjusted EBITDA* -3 M$ 6.5 6.3 24 M$ 5.0 4.3 243 3.8 207 219 246 227 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 2Q'25 3Q'25 4Q'25** 1Q'26 2Q'26 Amount Avg. Int. Rates Net Debt** (M$) M$ 31.12.2025 30.06.2026 % % Net Debt 305 304

  14. Slide 14: What's Next

    14 What’s Next STRENGTHENING BALANCE SHEET Cash & Working Capital Management Capital Increase EFFICIENCY and COST MANAGEMENT for SUSTAINABLE PROFITABILITY FOCUS on MAIN SEGMENTS : TIRE and COMPOSITE REINFORCEMENT Reamp in Asia Pasific after Flood Sustainable Improvement of Composite Contribution

  15. Slide 15: Thank You

    Thank You THE REINFORCER

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