ŞİŞECAM

Investor Presentation 9M'23

Content

9M'23 & Historical Key Financial Results

9M'23 & Historical Segmental Results

9M'23 & Historical Regional Results

9M'23 & Historical Operational Results

Liquidity & Capital Allocation

Sustainability - CareForNext 2022-2030 Vision

Şişecam at a Glance & Risk Management Policies

Appendix

Page 3-4

Page 5-7

Page 8-9

Page 10-13

Page 14-18

Page 19-21

Page 22-23

Page 24

2

9M'23 Key Financial Results

Revenue (TRY Mn)

94,840

43%

36,406

Gross Profit (TRY Mn)

38%

34%

32,390

Adjusted EBITDA* (TRY Mn)

Adjusted Net Income After Minority

Interest*

(TRY Mn)

66,279

26,047

30,069

24,95713,067

9,670

26%

24%

22,377

17,2748,196

21%

15%

14,373**

23,258

28,365

16,974

9,747

8,639

9,576

6,648

6,146

6,290

4,838

7,832

6,348

13,650

**

4,742

6,126

5,337

5,674

3,570

3,483

9M'229M'23

Q1

Q2

Q3

9M

Growth

9M'22

9M'23

Q1

Q2

Q3 9M

---Margin

9M'229M'23

Q1 Q2 Q3 9M ---Margin

9M'22

9M'23

Q1

Q2

Q3 9M

---Margin

*EBITDA and Net Income After Minority Interest are adjusted to one-off items

**Q3'23 figure is adjusted to incremental tax expenses booked on H1'23 results due to corporate tax rate hike for 2023 and onwards. 9M'23 figure is not subject to such adjustment

3

Historical Financial Results

TRY Mn

26%

27%

95,349

94,840

26%

24%

24%

23%

24%

66,279

32,058

33,710

32,390

15,550

18,059

21,341

23,151

24,957

22,377

11,180

17,274

6,661

5,161 4,033

5,880

8,595

4,298

4,962

2018

2019

2020

2021

2022

9M'22

9M'23

Revenue

Gross Profit

Adjusted EBITDA

Adjusted EBITDA Margin

2018

Revenue Growth Y-o-Y

37%

2019

16%

2020

18%

2021

50%

2022

197%

9M'22

215%

9M'23

43%

4

9M'23 Segmental Revenue and EBITDA Margin

33%

Architectural Glass (TRY Mn)

+10%

20%

17,658

19,394

6,464

-14%

+24%

7,655

6,322

6,013

4,871

5,726

9M'22

volume effect

pricing, product

9M'23

mix, curr. effect

Industrial Glass (TRY Mn)

11%

8%

+77%

9,660

+2%

+75%

4,207

5,453

1,829

2,635

2,073

2,818

1,551

9M'22

volume effect

pricing, product

9M'23

mix, curr. effect

Glassware (TRY Mn)

Glass Packaging (TRY Mn)

24%

24%

21%

20%

+66%

11,199

+1%

+65%

4,163

6,748

2,565

3,622

2,403

3,415

1,780

9M'22

volume effect

pricing, product

9M'23

mix, curr. effect

+41%

17,034

+46%

6,802

12,068

5,245

-5%

5,598

4,178

4,634

2,645

9M'22

volume effect

pricing, product

9M'23

mix, curr. effect

•

All revenue figures showing net external sales

Q1

Q2

Q3 ----- EBITDA Margin

•

EBITDA Margins - derived from one-off gain/loss adjusted figures

5

9M'23 Segmental Revenue and EBITDA Margin

Chemicals (TRY Mn)

29%

30%

+46%

25,899

17,789

+52%

9,603

7,460

-6%

8,658

5,847

4,483

7,638

9M'22

volume effect

price, product

9M'23

mix, curr. ffect

Energy (TRY Mn)

2%

1%

+100%

9,790

+18%

3,203

+82%

4,892

2,936

1,776

1,860

3,651

1,256

9M'22

volume effect

pricing, product

9M'23

mix, curr. effect

Other (TRY Mn)

53%

45%

+12%

1,865

1,672

708

773

575

608

389

484

9M'22

9M'23

• All revenue figures showing net external sales

Q1

Q2

Q3 ----- EBITDA Margin

• EBITDA Margins - derived from one-off gain/loss adjusted figures

6

9M'23 Segmental Revenue and EBITDA

Diversified Revenue Mix

Revenue Bridge (TRY Mn)

10% 2%

21%

27% 9M '23 10%

12%

18%

Diversified EBITDA Mix

Adjusted EBITDA Bridge (TRY Mn)

9%

19%

4%

9M '23

38%

12%

18%

7

9M'23 Regional Results

Geographic Revenue Mix

1%

8%

14%

36%

9M '23

22%

19%

Sales in Turkey

Exports from Turkey

Europe

US

Russia, Ukraine and Georgia

Other

Top 10 Export Countries

Italy, Egypt, USA, France, Spain, Israel, UK,

Germany, India, Bulgaria

Regional Breakdown of Exports from Turkey

11%1%

7%

4%

6%

9M'23

55%

16%

Europe

Middle East

North America

South America

Asia

North Africa

Other

814$ Mn exports revenue

Exports to 150+ Countries

8

Historical Regional Results

Geographic Revenue Mix

95,349

94,840

2%

1%

9%

8%

13%

14%

66,279

20%

3%

9%

22%

13%

19%

21%

19%

32,058

3%

17%

15%

18,059

21,341

15,550

3%

25%

3%

14%

37%

1%

14%

21%

36%

23%

14%

22%

37%

23%

20%

24%

23%

34%

37%

42%

39%

2018

2019

2020

2021

2022

9M'22

9M'23

Sales in Turkey

Exports from Turkey

Europe

US

Russia, Ukraine and Georgia

Other

9

9M'23 Operational Results

K tons

Glass Production

Soda Ash Production

4,324

3,862

3,626

3,455

1,832

1,593

2,526

2,377

2,492

2,269

1,100

1,078

9M'22

9M'23

9M'22

9M'23

Domestic

International

Domestic

International

Chromium Chemicals Sales

85

66

71

54

1312

9M'229M'23 Domestic International*

* International: Sales from Non-Turkey Facilities + Exports from Turkey-based facilities

10

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Disclaimer

Türkiye Sise ve Cam Fabrikalari AS published this content on 08 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 November 2023 11:29:46 UTC.