Turkiye Sise Ve Cam Fabrikalari A.s. · BIST:SISE
Turkiye Sise Ve Cam Fabrikalari A.s — Şişecam — H1 2025 Earnings Presentation
19 slides from Turkiye Sise Ve Cam Fabrikalari A.s's earnings presentation, Aug 18, 2025
Slide 1: Analyst & Investor Call H1'25
Analyst & Investor Call H1’25 August 18, 2025
Slide 2: Content
Content Efficiency Management Program H1’25 Key Financial Results Liquidity & Capital Allocation H1’25 Key Financials w/o IAS29 Sustainability
Slide 3: Efficiency Management Program
Efficiency Management Program Efficiency Management Program Goals Effective use of resources ENHANCED OPERATIONAL Increase in operational PROFITABILITY efficiency Process optimization IMPROVED BALANCE SHEET STRUCTURE Optimization of expenses Cost control POSITIVE CASH FLOW IN THE LONG TERM Reducing
Slide 4: Efficiency Management Program – Actions
Efficiency Management Program – Actions Efficiency and Optimization Controlled Management of Investments Capacity Planned Commissioning Date New Energy Glass Processing Lines Energy Glass: 47 mn sqm Consolidation of Encapsulation plants in Germany & Q4 2025 Patterned Glass: and Hungary at the Slovak
Slide 5: 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 6: H1'25 Key Financial Results
H1’25 Key Financial Results TRY Mn Revenue Gross Profit EBITDA Parent Only Net Income -13% 27% 115,862 23% 100,776 13% 56,447 9% 52,580 26,528 26,891 6% 4% 13,117 15,479 12,839 10,027 59,415 6,508 48,195 3,295 8,695 3,981 13,411 3,123 11,412 2,652 6,732 4,145 3,385 1,329 H1'24 H1'25 H1'24 H1'25 H1'2
Slide 7: H1'25 Segmental Revenue and EBITDA
H1’25 Segmental Revenue and EBITDA TRY Mn Diversified Revenue Mix Revenue Bridge Energy Other Architectural Glass 115,862 5% 2% -1,561 83 100,776 23% -2,939 821 -3,861 -7,190 -440 Chemicals 23% 13% Industrial Glass 22% 12% H1’24 Architectural Industrial Glassware Glass Chemicals Energy Other H1’25 G
Slide 8: H1'25 Segmental Revenue and EBITDA Margin
H1’25 Segmental Revenue and EBITDA Margin TRY Mn Architectural Glass Industrial Glass -3% 12% 19% -6% -6% +1% 24,951 23,390 12,937 13,020 12.338 +1% -7% 11.881 6.128 -11% +12% 7.035 12.613 11.509 6.809 5.985 H1’24 Volume Pricing, Product Mix H1’25 H1’24 Volume Pricing, Product Mix H1’25 Effect Curr.
Slide 9: H1'25 Segmental Revenue and EBITDA Margin
H1’25 Segmental Revenue and EBITDA Margin TRY Mn Chemicals Energy 18% 1% 14% -0.3% -14% -57% 26,765 12,512 22,904 12.673 -4% 6.216 -10% 11.089 5,322 14.092 -52% -5% 3,008 11.815 6.295 2,314 H1’24 Volume Pricing, Product Mix H1’25 H1’24 Volume Pricing, Product Mix H1’25 Effect Curr. Effect Effect Cur
Slide 10: H1'25 Regional Results
H1’25 Regional Results Geographic Revenue Mix Regional Breakdown of Exports from Türkiye Russia, Ukraine Other Other and Georgia North Africa 2% 2% 10% 14% US Asia 11% 38% Sales in Türkiye South America 5% 4% 53% Europe 9% 21% North America Europe 13% 18% Middle East Exports from Türkiye Top 10 Expo
Slide 11: Debt Position
Debt Position Net Debt Bridge (TRY Mn) Net Debt USD 2.8 Bn 1,539 110,687 Net Debt/EBITDA 5.8x 84,121 1,155 23,871 Fixed Interest Rate 65% 2024 Borrowings Cash &Cash Equ. Marketable Sec* H1’25 Variable Interest Rate 35% Term Structure of Gross Debt* (TRY Mn) RUB Other EUR 153,719 1% 2% 4% TRY 53% TRY
Slide 12: FCF & Capex Analysis
FCF & Capex Analysis TRY Mn H1'24 H1'25 Change CAPEX Breakdown (H1’25) Net Profit 6,645 4,079 -2,566 Non Cash Items 2,152 16,462 14,310 Changes in Working Capital 1,261 -4,433 -5,694 Other Cashflow from operations 10,058 16,108 6,050 Interest received,net -6,399 -8,088 -1,690 Chemicals Dividend paid
Slide 13: Key Financials w/o IAS29
Key Financials w/o IAS29 TRY Mn Revenue EBITDA Profit Before Tax Net Income for the Period* 19% 97,943 22% 82,427 15% 5% 8% 8% 4% 53,337 21,256 42,702 11,956 13,891 6,415 7,507 5,552 5,184 39,724 44,606 3,113 2,563 7,368 6,404 7,364 111 5,971 3,851 3,002 -787 139 H1'24 H1'25 H1'24 H1'25 H1'24 H1'25
Slide 14: Sustainability
Care for N@xt sustainability PROTECT EMPOWER TRANSFORM THE PLANET SOCIETY LIFE VEARS
Slide 15: Sustainability Initiatives & Projects
Sustainability Initiatives & Projects Şişecam 2024 TSRS-Aligned Sustainability Report In line with the Turkish Sustainability Reporting Standards (TSRS) published by the Public Oversight, Accounting and Auditing Standards Authority (KGK), we have published our first TSRS-aligned Sustainability Repor
Slide 16: Sustainability Initiatives & Projects
Sustainability Initiatives & Projects Şişecam Global Supplier Summit As part of our 90th anniversary celebrations, we gathered with our global business partners at the Şişecam Global Supplier Summit. At the summit held in Istanbul under the theme “United to Collaborate – Navigate Together”, key pill
Slide 17: Sustainability Initiatives & Projects
Sustainability Initiatives & Projects Sustainability Trainings Perge Ancient City Excavations With the Sustainability E-Learning Project, for which we initiated content development Our company, which set out in 1935 to lay the foundations of the glass industry in Türkiye, has efforts in 2024, we aim
Slide 18: THANK YOU
THANK YOU
Slide 19: Q&A SESSION
Q&A SESSION