Slide 1: Investor Presentation H1'26
Investor Presentation H1'26
Slide 2: Content
H1'26 Key Financial Results 4-5 Content H1'26 Segmental Results 6-8 H1'26 Regional Results 9 H1'26 & Historical Operational Results 10-13 Liquidity & Capital Allocation 14-17 Sustainability - CareforNext 2022-2030 Vision 18-19 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: H1'26 Key Financial Results
H1'26 Key Financial Results TRY Mn Revenue Gross Profit EBITDA Parent Only Net Income -8% 27% 27% 133,134 122,325 35,526 32,718 13% 69,464 3% 60,816 20,449 4% 4% 15,665 16,962 11,486 63,670 61,509 5,259 5,365 15,076 17,054 3,655 1,463 3,503 3,350 5,475 2,192 1,756 2,016 H1'25 H1'26 H1'25 H1'26 H1'25
Slide 5: IAS29 Impact on EBITDA
IAS29 Impact on EBITDA TRY Mn Adjusted EBITDA* Bridge 14% 3% 17,100 -33 5,628 1,961 3,655 9,241 -3,352 EBITDA Renevue COGS Operating Expense Net, Other Operating Net, Investment Adjusted EBITDA Income/Expense Income/Expense Historical Adjusted EBITDA 24% 14% 31,616 17,100 H1’25 H1’26 ----- Margin 5
Slide 6: H1'26 Segmental Revenue and EBITDA Margin
H1'26 Segmental Revenue and EBITDA Margin TRY Mn Architectural Glass Industrial Glass 12% 19% 17% -3% +1% -6% 30,900 31,218 17,200 16,221 15.697 0% +1% 15,258 -4% -2% 9.294 8.103 15.204 15,960 7.906 8.118 H1’25 Volume Pricing, Product Mix H1’26 H1’25 Volume Pricing, Product Mix H1’26 Effect Curr. Ef
Slide 7: H1'26 Segmental Revenue and EBITDA Margin
H1'26 Segmental Revenue and EBITDA Margin TRY Mn Glass Packaging Chemicals 15% 14% 12% 3% -3% -15% 29,313 28,492 30,258 25,848 -4% +1% 14.650 -1% -14% 16.533 15.110 12.557 12.780 13.382 15.608 13.291 H1’25 Volume Pricing, Product Mix H1’26 H1’25 Volume Pricing, Product Mix H1’26 Effect Curr. Effect
Slide 8: H1'26 Segmental Revenue and EBITDA
H1'26 Segmental Revenue and EBITDA TRY Mn Diversified Revenue Mix Revenue Bridge Energy Other 133,134 4% 2% 122,325 Architectural Glass 318 -979 -2,220 -822 -4,410 -2,094 -602 26% Chemicals 21% Industrial Glass 13% 23% H1'25 Architectural Industrial Glassware Glass Chemicals Energy Other H1'26 Glass
Slide 9: H1'26 Regional Results
H1'26 Regional Results Geographic Revenue Mix Regional Breakdown of Exports from Türkiye Russia, Ukraine Other Other and Georgia North Africa 2% 11% Asia 10% 1% US 5% South America 9% Sales in Türkiye 3% 39% 9% North America Europe 62% 21% 10% Europe Middle East 18% Exports from Türkiye Top 10 Expor
Slide 10: H1'26 Operational Results
H1'26 Operational Results K tons Glass Production Soda Ash Production Chromium Chemicals Sales 2,783 2,808 2,228 2,187 54 48 40% 39% 68% 68% 88% 87% 60% 61% 32% 32% 12% 13% H1'25 H1'26 H1'25 H1'26 H1'25 H1'26 Domestic International Domestic International Domestic International* 10 * International: S
Slide 11: Historical Production & Sales Results - Glass
Historical Production & Sales Results - Glass K tons Regional Glass Production Segmental Glass Production 16% 5,619 5,781 5,634 5,614 3% 8% 1% 1% 5,227 -10% 0% 1% 1% 1% 1% 1% 42% 41% 44% 45% 42% 40% 40% 44% 45% 41% 2,783 2,808 6% 6% 6% 4% 6% 1% 1% 45% 42% 40% 39% 58% 59% 60% 60% 51% 52% 49% 49% 50%
Slide 12: 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% 10% 0% 0% 20% 20% 130% -4% -2% -5% -3% -2% 130% -2% -5% -3% -3 0% -3 0% 37% 70% 69% 67% 67% 68% 68% 73% 80% 80% 88% 90% 88% 86% 88% 85%
Slide 13: Installed Gross Capacities
Installed Gross Capacities Flat Glass Glassware Glass Packaging Soda Ash* 6% 10% 6% 5% 3% 9% 30% 14% 5.1 Mn 524 K 3.5 Mn 5 Mn 10% 50% tons/year tons/year 36% tons/year 55% tons/year 14% 62% 5% 65% 12% 8% Türkiye Russia Bulgaria Italy India Egypt Georgia Hungary Bosnia USA Auto Glass Plants # Other P
Slide 14: Debt Position
Debt Position Net Debt Bridge (TRY Mn) Net Debt USD 3.1 Bn 142,149 -3,116 143,319 23,331 Net Debt/Adj. EBITDA 3.9x -19,046 Net Debt/EBITDA 9.6x 2025 Borrowings Cash &Cash Equ. Marketable Sec* H1'26 Fixed Interest Rate 69% Term Structure of Gross Debt* (TRY Mn) Variable Interest Rate 31% Other 171,63
Slide 15: Gross Debt & Liquidity Results
Gross Debt & Liquidity Results TRY Mn 171,631 2025 H1'26 Net Debt/Adjusted EBITDA** 2.76 3.88 Net Debt/ EBITDA** 5.03 9.60 143,319 Net Debt/Equity** 0.45 0.48 6,725 21,588 Credit Ratings H1'26 Moody’s B2 Negative Cash & Cash Marketable Net Debt Fitch Ratings B Negative Equ. Sec.* (*) Marketable secu
Slide 16: FX Position
FX Position H1'26: Net Long FX Position: TRY 17 Billion 2025 H1'26 1,765 1,200 576 528 -189 -163 USD EUR Other Currencies Corresponding TRY 16
Slide 17: FCF & Capex Analysis
FCF & Capex Analysis TRY Mn H1'25 H1'26 Change Net Profit 5,388 4,551 -838 CAPEX Breakdown (H1'26) Non Cash Items 21,748 4,303 -17,445 Changes in Working Capital -5,856 -11,067 -5,210 Cashflow from operations 21,280 -2,214 -23,494 Other Interest received,net -10,686 -3,658 7,028 Energy 9% Dividend p
Slide 18: Sustainability
Care for N@xt Sustainability So © PROTECT EMPOWER Bea NSF por mM THE PLANET SOCIETY
Slide 19: Sustainability Initiatives & Projects
Sustainability Initiatives & Projects Şişecam 2025 TSRS-Compliant Sustainability Report Barclays Emerging Market Corporate Days 2026 The second TSRS-compliant Sustainability Report, which became As part of the “Barclays Emerging Market Corporate Days 2026” event mandatory as of 2024 under the Türkiy
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 FREE FLOAT Actively Producing in Actively Producing at 45% 2% 12 countries 43 plants Employees Market Cap.* Only global player in 22,000+ $2.6 Billion all key areas of g
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 Operating Production Facilities – H1'26
Şişecam Operating Production Facilities – H1'26 FLAT GLASS & INDUSTRIAL GLASS CHEMICALS GLASS ARCHITECTURAL GLASSWARE ENERGY OTHER* AUTO ENCAPSU- PACKAGING SODA CHROMIUM GLASS GLASS FIBER GLASS LATION ASH CHEMICALS TÜRKİYE 5 PLANTS 1 PLANT 1 PLANT 2 PLANTS 3 PLANTS 1 PLANT 1 PLANT 1 PLANT (3) 2 PLAN
Slide 25: FX Exposure
FX Exposure Consolidated Şişecam FX Exposure – H1'26 Revenue 17% 26% 41% 10% 6% COGS 14% 24% 46% 9% 7% USD EUR TRY RUB Other Consolidated Şişecam FX Exposure – H1'25 Revenue 20% 27% 36% 12% 5% COGS 15% 27% 43% 10% 5% USD EUR TRY RUB Other 25
Slide 26: FX Exposure – H1'26
FX Exposure – H1'26 Architectural Glass Industrial Glass Revenue 5% 28% 55% 5% 7% Revenue 7% 57% 31% 5% COGS 3% 36% 48% 6% 7% COGS 1% 62% 32% 5% USD EUR TRY RUB Other USD EUR TRY Other Glassware Revenue 6% 29% 50% 7% 8% COGS 3% 25% 59% 7% 6% USD EUR TRY RUB Other 26
Slide 27: FX Exposure – H1'26
FX Exposure – H1'26 Glass Packaging Chemicals Revenue 1% 14% 45% 35% 5% Revenue 62% 17% 8% 13% COGS 7% 5% 53% 31% 4% COGS 57% 11% 16% 16% USD EUR TRY RUB Other USD EUR TRY Other 27
Slide 28: COGS Analysis
COGS Analysis Şişecam Consolidated COGS Breakdown Outsourcing Outsourcing & Other & Other Input & Materials & Packaging 14% Depreciation 13% Depreciation 6% 6% Input & Materials 38% & Packaging 40% H1'25 H1'26 19% 20% Labor Labor 5% 6% 16% 17% Electricity Electricity Ngas Ngas 28
Slide 29: Segmental COGS Analysis – H1'26
Segmental COGS Analysis – H1'26 Segmental COGS Breakdown Architectural Glass 46% 28% 5% 12% 4% 5% Industrial Glass 43% 3% 4% 30% 3% 17% Glassware 30% 13% 6% 38% 5% 8% Glass Packaging 45% 14% 7% 21% 6% 7% Chemicals 34% 20% 10% 18% 12% 6% Input & Materials & Packaging Ngas Electricity Labor Depreciati
Slide 30: Natural Gas Prices – H1'26 & Historical
Natural Gas Prices – H1'26 & Historical Türkiye Ngas Expense % in total COGS 15% 15% 11% 11% 7% 3% Architectural Industrial Glassware Glass Chemicals Şişecam Glass Glass Packaging Türkiye Ngas Expense % in total COGS - ŞİŞECAM 18% 12% 13% 10% 11% 10% 11% 2021 2022 2023 2024 2025 H1'25 H1'26 30
Slide 31: Summary Balance Sheet
Summary Balance Sheet TRY Mn 2025 H1'26 Change Total Assets 596,954 542,938 -9% Important Notice Cash & Cash Equivalents 44,919 21,588 -52% Pursuant to the Capital Markets Board Decision Financial Assets & Derivatives 7,084 9,183 30% dated 28.12.2023 and numbered 81/1820, issuers Trade Receivables 4
Slide 32: Summary Income Statement
Summary Income Statement TRY Mn H1'25 H1'26 Change Important Notice Revenue 133,134 122,325 -8% Cost of Goods Sold -97,608 -89,607 8% Pursuant to the Capital Markets Board Decision Gross Profit 35,526 32,718 -8% dated 28.12.2023 and numbered 81/1820, issuers General and administrative -11,987 -12,37
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% 22% 118,887 8% 97,943 11% 5% 3% 1% 62,094 21,256 53,337 13,193 5,184 13,891 3,775 7,507 56,794 7,709 5,971 44,606 2,965 1,161 7,364 7,368 5,484 809 139 1,471 -311 H1'25 H1'26 -787 H1'25 H1'26 H1'25 H1'26
Slide 34: Historical Financial Results (w/o IAS29)
Historical Financial Results (w/o IAS29) TRY Mn 36% 212,017 30% 26% 172,140 133,580 22% 118,887 95,349 18% 97,943 15% 11% 32,058 28,160 35,264 37,203 25,706 21,256 11,603 13,193 2021 2022 2023 2024 2025 H1'25 H1'26 Revenue EBITDA EBITDA Margin 2021 2022 2023 2024 2025 H1'25 H1'26 Revenue Change Y-o-
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