Kordsa.com

Earnings Release

Aug 10, 2022

Disclaimer

The information and opinions contained in this document have been compiled by KORDSA Teknik Tekstil Anonim Şirketi (the "Company") from sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or correctness. No undue reliance may be placed for any purposes whatsoever on the information contained in this presentation or on its completeness, accuracy or fairness. This document may contain forward-looking statements by using such words as "may", "will", "expect", "believe", "plan" and other similar terminology that reflect the Company management's current views, expectations, assumptions and forecasts with respect to certain future events. As the actual performance of the companies may be affected by risks and uncertainties, all opinions, information and estimates contained in this document constitute the Company's current judgment and are subject to change, update, amend, supplement or otherwise alter without notice. Although it is believed that the information and analysis are correct and expectations reflected in this document are reasonable, they may be affected by a variety of variables and changes in underlying assumptions that could cause actual results to differ materially.

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2

A G E N D A

01.

02.

03.

2022 in Brief

Highlights/

Market Dynamics

Lowlights

04.

05.

ESG Focus

Key Financials

3

4

1H'22 Results

REVENUE

EBITDA MARGIN

vs 1H'21

599

15.3%

MUSD

All Hard-

Currency

92 MUSD

47% ↑ YOY

robust margin

NET INCOME

VOLUME GROWTH

XXX

61

10%

MUSD

~ 22% increase

Strong demand in

tire reinforcement

5

2Q'2022 Snapshot

RESULTS

DRIVERS

Microtex Composites

Tire Reinforcement Demand Growth

PET Investment in Kordsa Turkey

Feedstock Prices

24.6 M€

(Deal Value)

16%

(vs 2Q'21)

9.8 M$

>40% NY

>20% PET

  • Finalized the purchase of 60% shares for 24,6 M€
  • Microtex specializes in carbon fiber weaving and prepreg production with focus on super-luxury automotive and motorsports in Europe
  • Transaction in support of our diversification of industry and products
  • Strong financial performance contributing to Kordsa composite segment
  • Volume growth across all regions, putting 2022 results well above 2021.
  • Growth leaders NA and EMEA, respectively.
  • Local player position enhanced market position
  • Strong demand continued in Q2.
  • Total investment : 9.8 M$
  • Start up planned in Q3 2024
  • Additional 7kt/yr PET HMLS yarn capacity for KTR
  • Elimination of 3rd party yarn purchases, will improve margins of PET TCF
  • Hiking commodity and energy prices impacted feedstock prices in Q2
  • In Q3 2022, down-turn on raw material prices have started lead by Asia
  • Supply security is still an issue due to continuing ocean transport issues

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Kordsa Teknik Tekstil AS published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 09:56:08 UTC.