Turk Traktor Ve Ziraat Makineleri A.s. · BIST:TTRAK
Turk Traktor Ve Ziraat Makineleri A.s — 1H 2026 Earnings Presentation
35 slides from Turk Traktor Ve Ziraat Makineleri A.s's earnings presentation, Aug 18, 2026
Slide 1: Investor Presentation
1 INVESTOR PRESENTATION 18.08.2026
Slide 2: Disclaimer
DISCLAIMER 2 Withthe CapitalMarketsBoardof Turkey’sBulletindated28.12.2023 numbered2023/81, CMB announcedthatissuers and capitalmarketinstitutionsshall preparetheirannualfinancialstatementsendingon 31.12.2023 or later,in accordancewith IAS 29 inflationaryaccountingprovisions. Accordingly,this presen
Slide 3: Corporate Structure
CORPORATE STRUCTURE 3 Total2,039 employees** 1,418 shop-flooremployee Established in 621 officeemployee 1954 54,000 units tractorproductioncapacity* The oldest continuously manufacturing company of Turkish automotive industry Shareholder Structure Founded in 1926, Koç Holding is Free Float CNH Indus
Slide 4: Plants & Facilities
PLANTS & FACILITIES 4 Ankara Factory Erenler Factory Ankara CE Facility İzmir CE Facility Engine, Transmission and Axle Manufacturing Center Paint shop, Cabin Manufacturing and Tractor Indoor Area : 3,245 m2 Opening : 18.09.2014 CE Manufacturing Center Assembly Processes Total Area : 9,748 m2 Indoor
Slide 5: TürkTraktör
TÜRKTRAKTÖR 5 Position within CNH Industrial The sole design and production centerNew of Holland TDand Case IH JX series tractors The First R&D Center in its Sector in the world Manufacturing Technology R&D Center with total area12,584 of m2 which is accredited by the Ministry of Industry The sole p
Slide 6: Investment Highlights
INVESTMENT HIGHLIGHTS 6 Leading tractor manufacturer 1 with diversified product range The largest tractor producer in Turkey 2 Sustainable growth 3 Good shareholder returns with 54K tractor capacity Tractor market leader for the last Vertically integrated operation consecutive 19 years Has long-term
Slide 7: TürkTraktör at a Glance
TÜRKTRAKTÖR AT A GLANCE 7 Tractor Manufacturing(unit) Total Tractor Sales (unit) Import Tractor Domestic Tractor Export 43,611 44,490 25,833 27,023 18,159 11,820 16,885 12,325 2024 2025 2025/7 2026/7 2024 2025 2025/7 2026/7 Total Revenue(million TL) Gross Profit(million TL) 34,318 23,680 4,829 1,874
Slide 8: Value Created for Our Shareholders
VALUE CREATED FOR OUR SHAREHOLDERS 8 Foreign Ownership in Free Float(%) Stock Chart 350 300 250 39.5 33.5 200 27.5 26.6 26,2 150 100 50 0 TürkTraktör BIST - 100 BIST - 30 BIST - MESY Earnings per Share 7,8 -6,7 2025/1H 2026/1H
Slide 9: Tractor
TRACTOR 9 • TürkTraktör has continued to be the first choice of farmers as the uninterrupted market leader in the Turkish tractor market for the 19 years, with the broadest sales and -after Local Tractors(55HP-145HP) Local Tractors(55HP-117HP) ImportTractors(130HP-340HP) sales service network of New
Slide 10: Construction Equipment
CONSTRUCTION EQUIPMENT 10 • TürkTraktör, which stepped into the construction equipment industry in 2013 as the distributor of Case and Light Construction Equipment Light Construction Equipment New Holland branded construction equipment, provides services in this field with its wide product range con
Slide 11: Agricultural Equipment
AGRICULTURAL EQUIPMENT 11 Agricultural Equipment Agricultural Equipment • Agricultural equipment covers a wide range of actively used products in all processes, starting soilwith preparation, tillage, planting, spraying, fertilizing, and then harvesting haulage. and • In the agricultural equipment g
Slide 12: Market Position of Our Brands
MARKET POSITION OF OUR BRANDS 12 • Market leader for almost 19 years in a row • Targeting professional farmers • 33.6%* market share • 3th brand in the market • The largest dealer network • 9.1%* market share covering all regions • Wide customer portfolio • TürkTraktör started domestic production of
Slide 13: Network - Tractor
NETWORK - TRACTOR 84 New Holland Tractor Dealer 37 Case IH Tractor Dealer Broadest network in Turkey’s agricultural sector Widely distributed and close to customer 366 service* Our Strengths (New Holland and Case IH) Financially strong in Network Wide customer portfolio Experience 138 spare parts de
Slide 14: Network – Construction Equipment
NETWORK – CONSTRUCTION EQUIPMENT 14 3 TürkTraktör CE Dealer 24 New Holland CE Dealer 5 Case CE Dealer *as of 30.06.2026
Slide 15: Turkish Agriculture Sector
TURKISH AGRICULTURE SECTOR 15
Slide 16: Turkish Agriculture Sector
TURKISH AGRICULTURE SECTOR 16 Turkey’s agricultural economy 7. (as of 2025) Turkey’s agricultural economy 1. (as of 2025) Share in GDP 2.4% (as of 2026/1Q) Share in the total employment 13.8% (as of 2026/1Q) in the World in Europe Agricultural Production 2025 - 2026 (million ton) 2025 2026 139.7 119
Slide 17: Agricultural Support Programs in Turkey
AGRICULTURAL SUPPORT PROGRAMS IN TURKEY 17
Slide 18: Agricultural Support Programs in Turkey
AGRICULTURAL SUPPORT PROGRAMS IN TURKEY 18 Agricultural Subsidy Payments(billion TL) Agricultural Investment Supports(billion TL) 190.0 168.0 166.3 158.6 100.6 91.6 63.4 39.6 41.3 21.9 23.0 25.1 17.0 12.1 5.1 5.1 2019 2020 2021 2022 2023 2024 2025 2026 2019 2020 2021 2022 2023 2024 2025 2026 Budget
Slide 19: Consumer Finance
CONSUMER FINANCE TiirkTraktor e100
Slide 20: Consumer Finance
20 CONSUMERFINANCE Interest Rates Ziraat Bank is in a competitive position with post-subsidy a interest rate of 20.4%. 58.8% 50.4% 49.2% 47.0% 45.0% 45.0% 45.0% 43.8% 42.0% 42.0% 58.8% 40.8% 36.6% 29.4% Ziraat Bankloan usage was 25.0% in June 2026. 20.4% 29.4% 18.0% 25.2% 24.6% 23.5% 22.5% 21.0% 22.
Slide 21: TürkTraktör Finance
TURKTRAKTOR FINANCE TurkTraktor ges Finans TiirkTraktor
Slide 22: TürkTraktör Finance
TÜRKTRAKTÖR FINANCE 22 First in the Turkish agriculture sector Aimed to enable farmers to have new tractors through the alternative financial solution and to support the increase of mechanization and modernization of agriculture All Financial Solutions Covers tractor, agricultural equipment, and Und
Slide 23: Highlights of Turkish Tractor Market
HIGHLIGHTS OF TURKISH TRACTOR MARKET 23
Slide 24: Highlights of Turkish Tractor Market
HIGHLIGHTS OF TURKISH TRACTOR MARKET 24 ~ 2M 650K Total Tractors older Tractor than35 years ~ 1.3M* 48% Ratio of the Actively used tractors >24 Tractor years Turkey was the th 5 biggest tractor market in the world in the 2025 *Source: Association of Turkish Insurance and Reinsurance Compan
Slide 25: Global Tractor Market
GLOBAL TRACTOR MARKET fa [IOC TiirkTraktor
Slide 26: Global Tractor Market
GLOBAL TRACTOR MARKET 26 Turkey is theworld’s 5th largest tractor market according to total tractor sales in 2025. Total Global Market(Thousand Unit) Most important export markets contracted 6% 2023 2024 2025 25 vs. 24 Global tractor market increased 7% in 2025 Important Export 2025 vs. 2026 Forecas
Slide 27: Export
EXPORT 27 Tractor Export from Turkey(unit) TürkTraktör’s Export(unit) Source: Tarmakbir Total TürkTraktör 12% decrease 17,106 15,328 12,516 12,516 11,023 11,023 10,543 8,787 7,682 7,682 6,364 6,364 2024 2025 2025/7 2026/7 2024 2025 2025/7 2026/7 TürkTraktör’s Share in Export TürkTraktör is an intern
Slide 28: Production
PRODUCTION a fa [IOC TiirkTraktor CNH
Slide 29: Tractor Production in Turkey & TürkTraktör
TRACTOR PRODUCTION IN TURKEY & TÜRKTRAKTÖR 29 Tractor Production of Turkey(unit) TürkTraktör’s Production(unit) Source:Tarmakbir Total TürkTraktör 72,562 41% decrease 43,611 42,734 43,611 25,833 28,997 25,833 18,159 20,743 18,159 11,820 11,820 2024 2025 2025/7 2026/7 2024 2025 2025/7 2026/7 TürkTrak
Slide 30: Turkish Tractor Market & TürkTraktör
TURKISH TRACTOR MARKET & TÜRKTRAKTÖR 30 Turkish Tractor Market(unit) Market Share of TürkTraktör Source: TURKSTAT Total TürkTraktör Source:TURKSTAT 63,546 40,498 29,380 25,486 46.2% 40.6% 42.7% 15,570 38.4% 10,355 12,867 5,499 2024 2025 2025/7 2026/7 2024 2025 2025/7 2026/7 Market Market The Turkish
Slide 31: Financial Results
e100 FINANCIAL RESULTS oY ev vow TiirkTraktor
Slide 32: Key Performance Indicators
KEY PERFORMANCE INDICATORS EBITDA Margin Average NWC / Sales 9.9% 20.0% 2.3% 4.4% 17.6% -6.6% -1.2% 2Q25 GP Margin Operating Depreciation 2Q26 2025 2Q26 Expenses CAPEX/Sales Free Cash Flow 1,460 5.8% 3.8% 690 (Million TL ) 1H25 1H26 1H25 1H26
Slide 33: Summary Financials
SUMMARY FINANCIALS 34 Million TL 2Q26 2Q25 h/h % 1Q26 q/q % 1H26 1H25 h/h % Revenue 12,919 16,500 (22) 10,761 20 23,680 34,317 (31) Gross Profit 1,164 2,578 (55) 709 64 1,874 4,829 (61) Operating Profit (217) 1,003 (122) (923) (76) (1,140) 1,531 (174) Other Inc./Exp. 127 1,013 (87) (53) (338) 73 1,0
Slide 34: 2026 Expectations
2026 EXPECTATIONS 35 Tractor Market : 21,000 – 26,000 units Turkish Tractor Industry Volume* 8,500 – 10,000 units Local Tractor Sales**: Tractor Exports:11,000 – 13,500 units CAPEX: 60 – 70 million $ * OurexpectationsfortheTurkishtractormarketsize havebeenrevisedto21,000 – 26,000 units(previously20,
Slide 35: Investor Relations Contact
INVESTOR RELATIONS CONTACT 36 Sıla AKÇAY Tuba ŞENOL MİLLİ Investor Relations Team Leader Investor Relations Leader Specialist Sila.Akcay@turktraktor.com.tr Tuba.SenolMilli@turktraktor.com.tr investorrelations@turktraktor.com.tr
Türk Traktör ve Ziraat Makineleri A.Ş. — 1H 2026 Earnings Presentation on 6ix