Investor Presentaiton

7 NORMALIZATION OF REVENUE AS A RESULT OF THE SUPPLY-DEMAND BALANCE IN 3Q 2023 SALES VOLUME (ton) REVENUE (mIn $) EBITDA (mln $) & EBITDA MARGIN (%) PROFIT BEFORE TAX (min $) NET INCOME (min $) г 9.7% 11.7% 934 24.6% 1,164 5.8% LL 625 686 224 220 250 9M22 9M23 3Q22 2Q23 3Q23 9M22 9M23 3Q22 2Q23 3Q23 r 142.8% 12.2% 55.5% 23.7% r 326.9% 25.7% 16.4% 200 11.1% 112.1% 327.7% 149 131.8% 359 391 379 276 62 79 29 114 40 100 47 14 21 9 57 35 9M22 9M23 3Q22 2Q23 3Q23 9M22 9M23 3Q22 2Q23 3Q23 9M22 9M23 3Q22 2Q23 3Q23 Annual volume change as of 3Q 2023 based on business lines: + Infrastructure and Project: 161.8% increase - + Automotive: 7.2% increase + Industrial and Construction: 5.2% increase Energy: 27.2% decrease Annual volume change as of 3Q 2023 based on business lines: + Infrastructure and Project: 124.6% increase + Automotive: 0% Industrial and Construction: 10.9% decrease Energy: 14.2% decrease - Normalization of exceptional profitability generated in 1H23, as a result of decreasing volume and sales prices in the energy business line in 3Q Negative impact on profitability of the production costs affected by the fx volatility and inflation + Diminishing financing costs with decreasing working capital and financial loans - Diminishing net income as a result of declining gross profitability in 3Q as well as rising tax rates BORUSAN MANNESMANN

View entire presentation