Desa Deri Sanayi Ve Ticaret A.s. · BIST:DESA
Desa Deri Sanayi Ve Ticaret A.s — Q1 2026 Earnings Presentation
34 slides from Desa Deri Sanayi Ve Ticaret A.s's earnings presentation, 2026
Slide 1: 2026 Q1 Investor Presentation
2026 Q1 Investor Presentation 2026 Q1 Investor Presentation 1
Slide 2: DESA at a Glance
Introduction Business Overview Financials Opportunities Sustainability DESA at a Glance production facility of 15.500 m² Established in Stores Total Number of Sefaköy Factory & Head Office 1972 Stores 478+471 Store Employees 110 IPO production facility of 20.000 m² Total Area 2004 Çorlu Tannery Faci
Slide 3: Shareholding Structure & Board of Directors
Introduction Business Overview Financials Opportunities Sustainability Shareholding Structure & Board of Directors IPO Current Structure Family Members Melih Çelet 0,80% 10,00% Board of Directors Position Melih Çelet Chairman Free Float(*) Free Float(*) Melih Çelet Burak Çelet Vice Chairman and Boar
Slide 4: 2026 Q1 Highlights
Introduction Business Overview Financials Opportunities Sustainability 2026 Q1 Highlights TRY 949mn TRY 828mn TRY 111mn TRY 1,84bn Net Revenues EBITDA - Margin: 29,7% Net Income – Margin:11,7% Net Cash – 2024:1,39 Strong Brand Awareness Return on Italian Investment Market share increased driven by i
Slide 5: Investment Summary & Vertically Integrated Business Model
Introduction Business Overview Financials Opportunities Sustainability Investment Summary & Vertically Integrated Business Model Raw Material Production A net foreign exchange earning, omnichannel, Çorlu Tannery Facility to process multi-market, multi-brand, high value-added, imported leather vertic
Slide 6: Samsonite Partnership
Introduction Business Overview Financials Opportunities Sustainability Samsonite Partnership • In 1983, DESA became the distributor of Samsonite, the world’s largest travel products brand, in Turkey. • In 2007, a joint venture was established, with DESA holding 40% ownership and Samsonite holding a
Slide 7: Investment in Italy
Introduction Business Overview Financials Opportunities Sustainability Investment in Italy June 2022 The investment decision for luxury production in Italy was finalized, and Desa Internazionale SRL was established. August 2022 A vacant facility with a 2,000 m² indoor area was leased in Tuscany, and
Slide 8: Italy Production Facility and R&D Centre
Introduction Business Overview Financials Opportunities Sustainability Italy Production Facility and R&D Centre 2026 Q1 Investor Presentation 8
Slide 9: NINETEENSEVENTYTWO Global Footsteps
Introduction Business Overview Financials Opportunities Sustainability DESA1972, the first Turkish NINETEENSEVENTYTWO brand featured on the official GLOBAL FOOTSTEPS calendar of Milan Fashion is offered worldwide at 97 Week, presents its women's select points, and men's collections, inspired with pr
Slide 10: 1972 DESA's Impact in Milan
Introduction Business Overview Financials Opportunities Sustainability 1972 DESA’s Impact in Milan The only Turkish fashion brand to showcase its collection at Milan Fashion Week. Led by Creative Director Ivana Omazic, the brand showcased its contemporary and innovative designs. 2026 Q1 Investor Pre
Slide 11: Manufacturing Partner of Luxury Brands
Introduction Business Overview Financials Opportunities Sustainability Manufacturing Partner of Luxury Brands Made in Italy – Sky is the Limit 2026 Q1 Investor Presentation 11
Slide 12: Sales, Gross Profit & Margin (TRY million)
Introduction Business Overview Financials Opportunities Sustainability Sales, Gross Profit & Margin (TRY million) 58,6% 57,4% 56,8% 53,5% 4.292 2.462 4.202 2.461 993 531 949 539 2024 2025 2025 Q1 2026 Q1 Sales Gross Profit Gross Profit Margin 2026 Q1 Investor Presentation 12
Slide 13: Sales Channels
Introduction Business Overview Financials Opportunities Sustainability Sales Channels Distribution of Domestic Revenue Distribution of Total Revenue 7,3% 8,8% 5,5% 7,8% 21,0% 11,7% 18,0% 19,4% 20,9% 8,7% 25,1% 7,3% 84,9% 82,5% 82,9% 82,0% 80,6% 79,1% 71,7% 74,9% 2024 2025 2025 Q1 2026 Q1 2024 2025 2
Slide 14: Total Sales Volume ('000 Total Pieces)
Introduction Business Overview Financials Opportunities Sustainability Total Sales Volume (‘000 Total Pieces) 619 607 167 311 128 343 81 9 2 10 62 25 8 24 6 100 2 32 110 27 175 45 121 31 2024 2025 2025 Q1 2026 Q1 Bags Saddlery Apparel Textile Shoes 2026 Q1 Investor Presentation 14
Slide 15: Samsonite Domestic Retail Sales Volume
Introduction Business Overview Financials Opportunities Sustainability Samsonite Domestic Retail Sales Volume % 78,4 % 12,1 % -7,6 % -14,0 % 54,5 95.387 % -1,0 91.888 81.991 84.878 53.471 17.819 17.646 34.605 2020 2021 2022 2023 2024 2025 2025 Q1 2026 Q1 2026 Q1 Investor Presentation 15
Slide 16: EBITDA, Net Income & Margins (TRY million)
Introduction Business Overview Financials Opportunities Sustainability EBITDA, Net Income & Margins (TRY million) EBITDA Net Income 31,2% 29,7% 16,1% 11,7% 310 282 159 111 2025 Q1 2026 Q1 2025 Q1 2026 Q1 31,4% 29,5% 15,2% 1.265 1.320 11,0% 472 639 2024 2025 2024 2025 2026 Q1 Investor Presentation 16
Slide 17: Operational Net Working Capital (TRY million)
Introduction Business Overview Financials Opportunities Sustainability Operational Net Working Capital (TRY million) 26,7 14,6 1.011,3 1.613,6 11,1 -623,6 -66,0 -24,4 -71,7 -55,5 -36,8 -98,7 313,6 8,3 2026 Q1 Investor Presentation 17
Slide 18: Income Statement
Introduction Business Overview Financials Opportunities Sustainability Income Statement 2026 Q1/ IFRS Income Statement 2025 2024 2025/2024 2026 Q1 2025 Q1 2025 Q1 REVENUES 4.202 4.292 -2,1% 949 993 -4,4% COGS -1.740 -1.830 4,9% -410 -461 11,2% GROSS PROFIT / LOSS 2.461 2.462 0,0% 539 531 1,6% Genera
Slide 19: Balance Sheet - Summary Ratios and Dividends
Introduction Business Overview Financials Opportunities Sustainability Balance Sheet - Summary Ratios and Dividends TRY (millon) In 2026, a total net dividend of TRY 115 million 31.03.2026 31.12.2025 will be distributed to shareholders in three Current Assets 3.829 3.950 installments Fixed Assets 1.
Slide 20: Net Cash Position ($ million)
Introduction Business Overview Financials Opportunities Sustainability Net Cash Position ($ million) % 131 $42,6 $41,5 $39,4 $29,2 $18,0 2022 2023 2024 2025 2026.03 2026 Q1 Investor Presentation 20
Slide 21: Leather Goods Exports – Turkey & DESA (USD million)
Introduction Business Overview Financials Opportunities Sustainability Leather Goods Exports – Turkey & DESA (USD million) 27,8 25,8 DESA Exports TR Exports 19,7 12,7 3,8 3,6 2.051,5 1.858,4 1.525,9 1.445,1 399,1 346,3 2022 2023 2024 2025 2025 Q1 2026 Q1 2026 Q1 Investor Presentation 21
Slide 22: Exports Unit Value (USD/kg)
Introduction Business Overview Financials Opportunities Sustainability Exports Unit Value (USD/kg) 2026 Q1 Investor Presentation 22
Slide 23: Digital Sales Channels
Introduction Business Overview Financials Opportunities Sustainability Digital Sales Channels DESA has completed a comprehensive revamp of its digital channels. While strengthening its presence in international markets by capitalizing on the opportunities of a digitalizing world, DESA has also eleva
Slide 24: Growth Drivers
Introduction Business Overview Financials Opportunities Sustainability Growth Drivers 1. DESA Retail 2. Dijital Sales Channels 3. Export Growth • International Franchise Expansion • Development of '1972 DESA' Branded Exports • Growth in Cross-Border E-Commerce 4. Bio-Leather Investment (Potential ga
Slide 25: DESA Branded Sales Volume Growth (YoY)
Introduction Business Overview Financials Opportunities Sustainability DESA Branded Sales Volume Growth (YoY) % 24,4 % -7,5 % 13,5 % 26,5 13.118 25.777 19.883 15.062 11.708 15.260 21.670 14.423 104.065 97.252 97.828 93.290 91.500 84.103 80.786 66.577 Online Retail 2024 Q2 2025 Q2 2024 Q3 2025 Q3 202
Slide 26: DESA Branded E-Commerce Sales Growth (YoY)
Introduction Business Overview Financials Opportunities Sustainability DESA Branded E-Commerce Sales Growth (YoY) Sales volume and revenue growth 140,0% 124,1% for DESA-branded domestic 120,0% 111,9% operations continue to significantly 110,2% outperform inflation. 100,0% 94,6% 79,7% 80,0% 65,6% 74,
Slide 27: Foreign Trade Developments
Introduction Business Overview Financials Opportunities Sustainability Foreign Trade Developments Positive export outlook for 2026. Increasing share of branded exports. • Significant market shift and unique positioning:Investment in Italy • International franchise expansion. (Ministry of Made in Ita
Slide 28: Rising Share of Branded Exports
Introduction Business Overview Financials Opportunities Sustainability Rising Share of Branded Exports The share of our "DESA" and "1972 DESA" branded exports within our total exports continues to grow steadily. 100,0% 16,0% 100,0% 14,0% 14,4% 12,9% 14,0% 98,0% 12,0% 95,0% 12,0% 96,0% 10,0% 92,8% 9,
Slide 29: International Franchising
Introduction Business Overview Financials Opportunities Sustainability International Franchising We took the first step in our international franchise expansion in Baghdad. We plan to open 6 additional stores in Iraq within the next 4 years. 2026 Q1 Investor Presentation 29
Slide 30: New Joint Ventures
Introduction Business Overview Financials Opportunities Sustainability New Joint Ventures We are entering the biotechnology sector through the Gözen Joint Venture investment. We are introducing a new-generation, non-animal, 100% biodegradable material that can be produced in just 7 days. Lunaform ma
Slide 31: SPP Projeleri
Introduction Business Overview Financials Opportunities Sustainability SPP Projeleri Çorlu SPP Düzce SPP The Solar Power Plant (SPP), established on a 3,300 sqm area, generated Constructed on a 7,500 m² area. 641.55 kW of power during the February 2024 tests. It has a nominal capacity of 1 MW and an
Slide 32: Certifications
Introduction Business Overview Financials Opportunities Sustainability Certifications "Gold Rated" Leather Working Group Initial Accreditation Date: 2021 – Renewal Date: August 14, 2025 Established in 2004 Achieved the 'Gold' level, a distinction attained by very few companies worldwide. 85.000 memb
Slide 33: Responsible® & Other Projects Adding Value to Society
Introduction Business Overview Financials Opportunities Sustainability Responsible® & Other Projects Adding Value to Society As DESA, the first leather company accepted into the Responsible® Program, developed by the Ministry of Trade to support exporting companies' compliance with the European Gree
Slide 34: Thank You
Thank You Contact Us: www.desa.com.tr/investor-relations +90 212 473 18 00 investor.relations@desa.com.tr - yatirimciiliskileri@desa.com.tr Disclaimer: This presentation has been prepared by DESA Deri Sanayi ve Ticaret A.Ş. (the “Company”) for informational purposes only and does not constitute an o
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