Turk Traktor Ve Ziraat Makineleri A.s. · BIST:TTRAK
Turk Traktor Ve Ziraat Makineleri A.s — Q3 2025 Earnings Presentation
37 slides from Turk Traktor Ve Ziraat Makineleri A.s's earnings presentation, Dec 18, 2025
Slide 1: Investor Presentation 18.12.2025
@AKos tt - 31 i+ —— 9 "ee Wit ne AW: 2 wy INVESTOR PRESENTATION 18.12.2025 TiirkTraktor TiirkTraktor a CNH
Slide 2: Disclaimer
DISCLAIMER With the Capital Markets Board of Turkey’s Bulletin dated 28.12.2023 numbered 2023/81, CMB announced that issuers and capital market institutions shall prepare their annual financial statements ending on 31.12.2023 or later, in accordance with IAS 29 inflationary accounting provisions. Ac
Slide 3: Corporate Structure
CORPORATE STRUCTURE © : Total 2,245 employees** 1,602 shop-floor employee | 54,000 units 643 office employee tractor production capacity* Established in 1954 Shareholder Structure (OVO) Koc Founded in 1926, Kog Holding is BORSA _ Free Float CNH CNH Industrial is a one of the leading Y Turkey's large
Slide 4: Plants & Facilities
PLANTS & FACILITIES Ankara Factory Engine, Transmission and Axle Manufacturing Center CE Manufacturing Center Opening : 25.06.1954 Indoor Area : 82,000 m? Total Area : 257,325 m? Erenler Factory Opening : 17.06.2014 Indoor Area: 68,613 m2 Total area: 402,162 m? Akyurt - Ankara After Sales Operation
Slide 5: Position within CNH Industrial
Position within CNH Industrial The sole design and production center of New Holland TD and Case IH JX series tractors in the world The sole production center of New Generation Utility Medium series transmissions in the world The sole production center of Utility Light series tractors and transmissio
Slide 6: Investment Highlights
INVESTMENT HIGHLIGHTS ° 1 Leading tractor manufacturer with diversified product range o om The largest tractor producer in Turkey with 54K tractor capacity Sustainable growth Good shareholder returns Tractor market leader for the last Vertically integrated operation 4 consecutive 18 years Has long-t
Slide 7: Türk Traktör at a Glance
TURKTRAKTOR AT A GLANCE ____ ie _Tractor Manufacturing (unity © Total Tractor Sales (unit) 51,423 Slmport Tractor Domestic Tractor = Export 43,611 51,865 44,490 34,131 fe if 7 E = 2023 2024 2024/9 _ 2023 2024 2024/9 2025/9 ©) Total Revenue (milion TL) éé Gross Profit (million TL) 39,220 13,661 5,763
Slide 8: Value Created for Our Shareholders
VALUE CREATED FOR OUR SHAREHOLDERS i @; Foreign Ownership in Free Float ) 4 Stock Chart FESS ISP ES PP —TiirkTraktér. —BIST- 100 —BIST- 30 —BIST - MESY PE EI EF IEE EES FP PIPL GS PP GEE LESS SSIS ISIS SIN, te PPP OKO S $b. Ph COS SOG Sake ere” 2 Earnings per Share 68.0 9.2 2024/9 2025/9 GAKoc Tiirk
Slide 9: Tractors: New Holland and Case IH
Q% NEW HOLLAND Local Tractors (5SHP-1 45HP) Import Tractors (130HP-340HP) GAkog te > TRACTOR + TiirkTraktér has continued to be the first choice of farmers as the uninterrupted market leader in the Turkis| h tractor market for the 18 years, with the broadest sales and after- sales service network of
Slide 10: Construction Equipment
CONSTRUCTION EQUIPMENT Ba * TiirkTrakt6r, which stepped into the construction CONSTRUCTION. equipment industry in 2013 as the distributor of Case and Light Construction Equipment . . ; New Holland branded construction equipment, provides services in this field with its wide product range consisting
Slide 11: Agricultural Equipment
GAkog AGRICULTURAL EQUIPMENT 4 0 NEW HOLLAND = aon @ASE Agricultural Equipment —s Equipment Vv ¢ Agricultural equipment covers the widest range in Turkey of actively used products in all processes, starting with tillage, planting, spraying, fertilizing, and then harvesting and transporting. + In the
Slide 12: Market Position of Our Brands
MARKET POSITION OF OUR BRANDS y §% NEW HOLLAND ° Market leader for almost 18 years in a row 32.0%* market share The largest dealer network covering all regions Wide customer portfolio * Targeting professional farmers 5" brand in the market 8.0%* market share * Weare strengthening our position in the
Slide 13: Our Strengths
Our Strengths in Network ] Broadest network in Turkey's agricultural sector Widely distributed and close to customer Financially strong Wide customer portfolio Experience TiirkTraktér service* (New Holland and Case IH) spare parts dealer* (New Holland and Case IH) 83 New Holland Tractor Dealer 43 Ca
Slide 14: Dealer network map
14 BARTIN KIRKLARELİ KASTAMONU SİNOP İSTANBUL EDİRNE ZONGULDAK KARABÜK ARTVİN SAMSUN ARDAHAN TEKİRDAĞ KOCAELİ DÜZCE RİZE ORDU TRABZON YALOVA SAKARYA AMASYA GİRESUN BOLU ÇANKIRI KARS ÇORUM TOKAT BAYBURT BİLECİK GÜMÜŞHANE ÇANAKKALE BURSA ERZURUM IĞDIR KIRIKKALE ANKARA ERZİNCAN BALIKESİR YOZGAT ESKİŞEH
Slide 15: Koç
15 Kog TiirkTraktor CNH
Slide 16: Turkish Agriculture Sector
Turkey’s agricultural economy in the World GAkog TURKISH AGRICULTURE SECTOR ¥ Turkey's Share in 2. of Share ind 4. 1 of 7. agricultural 1 “ GDP qj 0 the total 0 (as of 2024) economy in (as of 2024) (asof 20202) | employment (as of 20 2025) Europe Agricultural Production 2024-2025 (milion ton) m 2024
Slide 17: Agricultural Support Programs in Turkey
AGRICULTURAL SUPPORT PROGRAMS IN TURKEY Z TiirkTraktor
Slide 18: Agricultural Support Programs in Turkey
AGRICULTURAL SUPPORT PROGRAMS IN TURKEY y Agricultural Subsidy Payments (bition 11) Agricultural Investment Supports ition 11) 65% increase 166.3 47% increase YP 0 100.6 . 6 41.3 21.9 23.0 25.1 17.0 121 ma all S i ay a 7 7 7 2019 2020 2021 2022 2023 2024 2025 2019 2020 2021 2022 2023 2024 2025 Budge
Slide 19: Consumer Finance
CONSUMER FINANCE TiirkTraktor
Slide 20: Consumer Finance
CONSUMER FINANCE Interest Rates % Ziraat Bankasi pL 18.3% ” “14.7% 3.8% 50% subsidy for locally produced tractors 25% subsidy for import tractors 2022 Up to1 50% subsidy for locally 25% subsidy for import million TL produced tractors tractors 2024 Up to2 50% subsidy for locally 25% subsidy for impor
Slide 21: TürkTraktör Finance
TURKTRAKTOR FINANCE TurkTraktor ges Finans TiirkTraktor
Slide 22: TürkTraktör Finance
TURKTRAKTOR FINANCE y |, Aimed to enable farmers to have new tractors through the ¥, alternative financial solution and to support the increase of Y mechanization and modernization of agriculture All Financial Solutions TiirkTraktor Undera mam Finans Single Roof Om Covers tractor, agricultural equip
Slide 23: Highlights of Turkish Tractor Market
HIGHLIGHTS OF TURKISH TRACTOR MARKET Z GAKos TiirkTraktor CNH
Slide 24: Highlights of Turkish Tractor Market
Total Tractor HIGHLIGHTS OF TURKISH TRACTOR MARKET Tractors older than 35 years 48% ’ Ratio of the Actively used tractors >24 Tractor years GA Kos Turkey was the 4" biggest tractor market in the world in the 2024 *Source: Association of Turkish Insurance and Reinsurance Companies TiirkTraktor CNH 24
Slide 25: Global Tractor Market
GLOBAL TRACTOR MARKET GAKos TiirkTraktor
Slide 26: Global Tractor Market
GLOBAL TRACTOR MARKET , Total Global Market (thousand Unit) 6m 2022 | 2023 | 2024 Important Export shinee 560 549 484 I North America 302 278 241 HH Europe 163 156 138 Other 95 114 103 i india 912 915 910 BH China 281 224 219 Wm Turkey 67 78 64 @ Brazil 52 49 47 i Pakistan 44 42 38 World Total 1,916
Slide 27: Export
EXPORT y “®: Tractor Export from Turkey (unit) “© TiirkTraktér’s Export (unit Slee! Total —m TiirkTraktor 20.148 pe decrease 16,126 16,016 -16 % decrease L i | a 2023 2024 2024/11 2025/11 2023 2024 2024/11 2025/11 © TirkTraktér’s Share in Export > TiirkTraktor is an international player that exports
Slide 28: Production
PRODUCTION y See Bee" ie Ea ~ See he & - , >. ~~" GAKos TiirkTraktor CNH
Slide 29: Tractor Production in Turkey & TürkTraktör
29 TRACTOR PRODUCTION IN TURKEY & TURKTRAKTOR 6% Tractor Production of Turkey (unit) 6% TiirkTraktér’s Production (unit) Total =m TiirkTraktér a 92,581 -15 % decrease 72,562 68,131 —al -40 % decrease 51,423 41,167 40,387 43,611 qa ay 2025/11 2023 2024 2024/11 2025/11 2023 2024 2024/11 TurkTraktor’s
Slide 30: Market Position
30 Market Market 2024 2025/11 Position Position New Holland 22,729 1. 11.615 1. Case IH 6,651 2. 2,922 5.
Slide 31: Sales of TürkTraktör
SALES OF TURKTRAKTOR = 6% Tractor Sales of TiirkTraktér (unit) import mLocal mw Export )> Locally produced tractor sales decreased by 48% === 34,984 in 2025/1H. 31,222 23,758 Import tractor sales decreased by 54% in 2025/1H. In 2025/9 export tractor sales ' decreased by 25% comparing to 2024/1H. Se.
Slide 32: Financial Results
GAkog FINANCIAL RESULTS _— _¥ ¥ wv TiirkTraktor CNH
Slide 33: Income Statement
GA Kos INCOME STATEMENT Income Statement IAS 29 (TL mils.) Total Sales Domestic Sales Export Sales Gross Profit Margin Operating Income Margin EBITDA Margin Profit Before Tax Margin Net Income Margin 2024/9 66,075 50,770 15,306 13,661 20.7% 8,856 13.4% 10,527 15.9% 9,144 13.8% 6,804 10.3% TiirkTrakt
Slide 34: Balance Sheet & Cash Flow Statement
@AKos BALANCE SHEET & CASH FLOW STATEMENT Balance Sheet IAS 29 (TL mils.) 31.12.2024 | 30.09.2025 Total Assets 45,071 40,585 Current Assets 28,823 24,409 Non-Current Assets 16,248 16,176 Total Liabilities 23,789 24,042 Current Liabilities 20,172 19,083 Long Term Liabilities 3,617 4,959 Shareholders’
Slide 35: Financial Position & Ratios
FINANCIAL POSITION & RATIOS Financial Position IAS 29 (TL mils.) Net Debt Cash & Cash Equivalents and Financial Investments Total Financial Debt Financial Ratios Current Ratio Liquidity Ratio Current Assets / Total Assets Current Liabilities / Total Liabilities @AKos 2024 (3,787) 8,308 12,095 2024 T
Slide 36: 2025 Expectations
2025 EXPECTATIONS Tractor Market > Turkish Tractor Industry Volume**: 38,000 — 42,000 units > Local Tractor Sales*/**: 15,500 — 17,000 units hee ee > Tractor Exports: 10,000 — 12,000 units TuirkTraktOr > carex: 75-90 milion *Sales to the dealers included imported tractors. **Due to the contraction i
Slide 37: Investor Relations Contact
GA Kos INVESTOR RELATIONS CONTACT u Fatma CAVLI Tuba Senol Milli Investor Relations Team Leader Investor Relations Leader Specialist +90 312 2332502 @ +90 312 2332504 Fatma.Cavli@turktraktor.com.tr Tuba.SenolMilli@turktraktor.com.tr investorrelations@turktraktor.com.tr TiirkTraktor CNH
Türk Traktör ve Ziraat Makineleri A.Ş. — Q3 2025 Earnings Presentation on 6ix