Eregli Demir Ve Celik Fabrikalari T.a.s. · BIST:EREGL
Eregli Demir Ve Celik Fabrikalari T.a.s — Ereğli Demir ve Çelik Fabrikaları T.A.Ş. (Erdemir) — FY2022 Earnings Presentation
16 slides from Eregli Demir Ve Celik Fabrikalari T.a.s's earnings presentation, Mar 3, 2023
Slide 1: 2022 12 Months Investor Presentation
ervemin 2()22 (2 Months Investor Presentation 03.03.2023
Slide 2: 2022 Market Overview
Cet ERDEMIR )) 2022 Market Overview
Slide 3: Commodity Prices
COMMODITY PRICES Iron Ore Prices (l1ODEX 62% Fe CFR North China Mid) Coking Coal Prices (HCC Peak Downs Region FOB Australia) USDITON ever 2-790 7z-A0N 790 zz-das ze-any zeae ze-uny ze-hew zeady zen 7-494 zur 290 TZ-40N zo Iz-das Tz-ny Team Te-unr Tz-Aewy Teady ese 12-494 Tz-uer HRC Prices Scrap Pri
Slide 4: Turkish Steel Industry
TURKISH STEEL INDUSTRY ERDeMin PRODUCTION (mn Tons) EXPORTS (MN Tons) 41.4 37.1 14.6 19.8 13.6 6.7 iy 4.8 26.8 23.5 12.1 9.6 1.0 0.8, 12M 2021 12M 2022 12M 2021 12M 2022 CONSUMPTION (mn TONS) IMPORTS (MN TONS) 33.4 32.5 17.4 72 15.4 14.8 9.4 8.4 16.0 15.3 1.4 1.4 4.6 5.0 12M 2021 12M 2022 12M 2021 1
Slide 5: 2022 12M Results
CH) 202? 12M Results
Slide 6: 2022 12M key figures
> 1,714 Million USD 21% 1,142 Million USD 14% EBITDA EBITDA Margin Net Profit Net Profit Margin 7.7 Billion USD 7.8 Million Tons 7.8 Million Tons | 8,107 Million USD Market Cap Total Production Total Sales Revenue MINING OYAK | METALLURGY
Slide 7: Operational Indicators
OPERATIONAL INDICATORS ERDeMin LIQUID STEEL PRODUCTION (000 TONs) CRUDE STEEL CAPACITY UTILIZATION RATIO ed 91% 39% 94% 9,203 7,968 one T r 1 Q4 2021 Q3 2022 Q4 2022 12M 2021 12M 2022 2018 2019 2020 2021 2022 PRODUCTION (000 TONS) SALES VOLUME (000 Tons) 8,372 8,246 7,784 7,769 2,113 1,907 pees 1,67
Slide 8: Domestic Sales Breakdown and Export
DOMESTIC SALES BREAKDOWN AND EXPORT ERDeMin FLAT STEEL DOMESTIC SALES LONG STEEL DOMESTIC SALES 12M 22 12M 22 Automotive Rebar and Profile Producers General Manufacturing Industry Pipe&Profileand Rolling (1,383) aii General Manufacturing Industry HD ec cuuslities Distribution Chains EXPORT VOLUME (0
Slide 9: Financial Indicators
FINANCIAL INDICATORS NET SALES REVENUE (usp MN) EBITDA PERTON usp/Ton) 413 418 @® a 44m © So So Oona HH NANA Demeeaasasstaasassssa SAR RKRRRRRRRRRARRKRARAR Q4 2021 Q3 2022 Q4 2022 12M 2021 12M 2022 z 4 s 3 3 3g By 3 3 EI By 3 i a BI 3 % Hl Export Ml Domestic EBITDA NET PROFIT 39.4% 22.8% e e 39.7% 1
Slide 10: EBITDA to Net Profit
EBITDA > NET PROFIT usp wn) a EBITDA (12M 2022) Depreciation Interest inc. (Exp.) in Other Operating Inc. (Exp.) Operating Investing Income Activities Inc./(Exp.) and Equity Pick up Finance Tax Inc./(Exp.) Non-Controlling Inc./(Exp.) Interests NET PROFIT (12M 2022) EBITDA Ml CHANGE IN CASH uso wn) 1
Slide 11: Analysis of Financial Position
ANALYSIS OF FINANCIAL POSITION FINANCIAL BORROWINGS* (usp Mn) 1,568 1,255 1,127 a — a 2019 2020 2021 2022 WB short-term Debt [il Long-Term Debt NET WORKING CAPITAL (usp mn) 856 834 Trade Receivables Inventories (504) (595) (504) (595) Trade Payables Other Working Capital (8 31.12.2021 MM 31.12.2022
Slide 12: Cost of Sales Breakdown
COST OF SALES BREAKDOWN* ¢ 2022 Qther ae Depreciation and Amortization BePonne! Expenses Purchased Energy Expenses ____. Raw Materials Scrap Other RAW MATERIALS BREAKDOWN lron Ore&Pellet Coal 2021 Other Personnel Expenses Purchased Energy Expenses Raw Materials 12 *Excluding inventory writedowns and
Slide 13: Capital Expenditures
CAPITAL EXPENDITURES* sp my ERDeMin 42% 31% =H 26% e 18% 14% w 4% 3% 251 2016 2017 2018 2019 2020 2021 2022 I capital Expenditures @ Capital Expenditures /EBITDA 43 | “Advance payments for capital expenditures are not included. @ax) | MINING
Slide 14: Sustainability
SUSTAINABILITY ERDeMin We shape our approach to value generation on the basis of three basic concepts as follows: sustainable growth, responsible production, approach that puts people at the center. SUSTAINABLE GROWTH PEOPLE-CENTERED RESPONSIBLE PRODUCTION - APPROACH DECENT WORK AND INDUSTRY, INNOVA
Slide 15: Investor relations contact
investorrelations @erdemir.com.tr www.erdemir.com.tr/investor-relations/ +90 216 578 80 61 MINING = OYAK) | meTaLLurcy
Slide 16: Disclaimer
DISCLAIMER 16 Eregli Demir Celik Fabrikalari T.A.S. (Erdemir) may, when necessary, make written or verbal announcements about forward-looking information, expectations, estimates, targets, assessments and opinions. Erdemir has made the necessary arrangements about the amounts and results of such inf
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