Cimsa Cimento Sanayi Ve Ticaret A.s. · BIST:CIMSA

Cimsa Cimento Sanayi Ve Ticaret A.s — Q1 2024 Earnings Presentation

17 slides from Cimsa Cimento Sanayi Ve Ticaret A.s's earnings presentation, May 28, 2024

  1. Slide 1: Earnings Presentation 1Q24

    ÇİMSA EARNINGS PRESENTATION 1Q24 May 28, 2024

  2. 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

  3. Slide 3: Operational Performance

    OPERATIONAL PERFORMANCE

  4. Slide 4: 1Q24: Top- and bottom-line growth in real terms

    1Q24: TOP- AND BOTTOM-LINE GROWTH IN REAL TERMS Strong cement consumption in REVENUE NET INCOME Türkiye while export figures were weak. 5,324 396 Solar power plant investments in our Eskişehir and Bunol plants. TRY MILLION TRY MILLION TRY1.06 per share net dividend distribution. vs. 1Q23 vs. 1Q23 SB

  5. Slide 5: Sound growth in Turkish cement market due to low base

    SOUND GROWTH IN TURKISH CEMENT MARKET DUE TO LOW BASE AS MACRO CHALLENGES PRESSURED INTERNATIONAL DEMAND TÜRKİYE CEMENT CONSUMPTION* ÇİMSA 1Q24 VOLUME GROWTH y/y 35.1% ❖ Strong capacity utilization of all assets contributed 27.2% ❖ Low base impact due to eartquake in Feb. 2023. 10.1 topline growth.

  6. Slide 6: We invest in decarbonization continuously to create operational efficiency

    OUR NET ZERO TARGET BY 2050 IS FULLY ON TRACK: WE INVEST IN DECORBANIZATION CONTINUOUSLY TO CREATE OPERATIONAL EFFICIENCY BUNOL PLANT ESKİŞEHİR PLANT effective as of May, 2024 expected completion: 2Q25 EUR4.2mn 11,000 5.6mn 25,740 Investment Solar Panels Trees neutralizing Solar panels capacity 100,

  7. Slide 7: SBTi approved Çimsa's Science Based Targets

    WE ARE COMMITTED TO PROVIDE SUSTAINABLE LIVING ENVIRONMENT: SBTi APPROVED ÇİMSA’S SCIENCE BASED TARGETS! ÇİMSA COMMITS TO… • reduce gross scope 1 and 2 GHG emissions 42.1% per ton of cementitious product by 2033, based on the year 2021*. • and within this target, Çimsa commits to reduce gross scope

  8. Slide 8: Financial Performance

    FINANCIAL PERFORMANCE

  9. Slide 9: Strong capacity utilization and balance sheet management supported results

    STRONG CAPACITY UTILIZATION AND BALANCE SHEET MANAGEMENT SUPPORTED RESULTS DESPITE INFLATIONARY ADJUSTMENTS REVENUE EBITDA NET INCOME 10.9% 5,324 3,0 00 15.9% 17 .0% 800 10.0% 4,798 7.4% 9.0% 15 .0% 700 10.9% 7.1% 2,5 00 8.0% 13 .0% 600 7.0% 2,0 00 11 .0% 16,0% y/y 500 6.0% 9.0 % 1,5 00 24.1% 7.0 %

  10. Slide 10: Leverage maintained at healthy levels

    LEVERAGE MAINTAINED AT HEALTHY LEVELS Net Debt NWC 5,000 1.5x 3,326 0.8x 4,500 1.0x 0.5x 4,000 TRY MILLION 3,500 0.5x 3,000 3,406 2,500 0.0x NWC/Sales 2,000 1,932 -0.5x 1,500 12% 1,000 -1.0x 500 0 -1.5x 2023 1Q24 vs 16% as of 2023YE Net Debt Leverage Cash Currency Breakdown Debt Currency Breakdown D

  11. Slide 11: We continue to create shareholder value

    WE CONTINUE TO CREATE SHAREHOLDER VALUE 0 150.0% 0 130.0% DIVIDEND PER SHARE 1.06 0 110.0% Bunol plant 0 strengthening net loss acquisition & 90.0% financial position for the period challenging global 0 economy 70.0% TRY 0 4.6% 50.0% 3.3% 0 3.2% 30.0% Yield 3.3% 0.0% 0.0% 0.0% 19.7% 11.7% 40.1% 0 10

  12. Slide 12: Thank you

    THANK YOU

  13. Slide 13: Q&A

    Q&A

  14. Slide 14: Appendix

    APPENDIX

  15. Slide 15: Profit & Loss Statement

    PROFIT & LOSS STATEMENT TRY ('000) 1Q23 1Q24 Revenue 4,798,491 5,323,692 Cost of sales (3,983,233) (4,614,996) Gross Profit 815,258 708,696 General and administrative expense (406,193) (480,662) Marketing, selling and distribution expense (23,404) (27,010) Research and development expense (7,299) (8

  16. Slide 16: Balance Sheet

    BALANCE SHEET TRY ('000) March-24 December-24 TRY ('000) March-24 December-24 Current Assets 11,696,077 13,906,769 Current Liabilities 8,245,661 10,214,026 Cash and cash equivalents 5,060,573 7,256,721 Borrowings* 3,901,320 4,151,541 Trade receivables 3,203,018 2,697,756 Trade payables 2,669,214 3,6

  17. Slide 17: Cash Flow Statement

    CASH FLOW STATEMENT TRY ('000) March-23 March-24 A. CASH FLOWS FROM OPERATING ACTIVITIES (949,750) (234,680) Profit before taxation 52,706 505,264 Adjustments to reconcile net profit/loss for the period 1,447,964 2,105,085 Changes in working capital (2,362,750) (2,774,016) Cash flows from operations

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