Türkiye Sise Ve Cam Fabrikalari (SISE) Investor presentation summary

Strategic positioning and business overview

• Operates as the only global glass producer active in all core market segments, with leading global rankings in glassware, flat glass, glass packaging, soda ash, and chromium chemicals.

• Maintains a diversified business portfolio across architectural glass, industrial glass, glassware, glass packaging, chemicals, energy, and other segments, with 47 production plants in 13 countries and 60% of sales generated internationally.

• Serves a wide range of end markets including food & beverage, construction, automotive, retail, chemicals, and energy, supported by a global sales and distribution network reaching over 150 countries.

• Has a 90-year corporate history, strong corporate governance, and a management team with extensive industry experience.

• Strategic initiatives focus on digital transformation, sustainability, innovation, and disciplined capital management for future growth.

Financial performance and risk management

• Reported TRY 162bn in total net sales for 9M 2025, with an adjusted EBITDA margin of 21% and net financial debt/adjusted EBITDA at 2.5x.

• Maintains a robust financial position with prudent risk management, including a diversified debt portfolio, strong liquidity (TRY 45bn cash), and a net short FX position of TRY 12bn.

• Gross financial debt was TRY 159bn in 9M 2025, with 81% of liabilities in hard currencies; ongoing efforts to reduce leverage and improve operational efficiency.

• Cash flow from operating activities improved to TRY 29bn in 9M 2025, supporting capital expenditures of TRY 23bn, mainly in architectural glass and glass packaging.

• Inflation accounting (IAS 29) significantly impacts reported results, with financials restated to reflect purchasing power as of September 30, 2025.

Segmental performance and investments

• Architectural glass and glass packaging are the largest contributors to net sales, with significant investments in new facilities and technology upgrades.

• Chemicals segment benefits from global leadership in soda ash and chromium chemicals, with ongoing efficiency and maintenance investments.

• Capex in 9M 2025 was focused on greenfield projects, cold repair processes, and sustainability initiatives, with 43% allocated to architectural glass and 32% to glass packaging.

• Production and sales are well balanced between domestic and international markets, with international operations accounting for nearly half of total output.

• Science and Technology Centre supports innovation, holding 79 patents and 88 applications as of September 2025.