Turk Traktor Ve Ziraat Makineleri A.s. · BIST:TTRAK
Turk Traktor Ve Ziraat Makineleri A.s — Q3 2026 Earnings Presentation
35 slides from Turk Traktor Ve Ziraat Makineleri A.s's earnings presentation, Oct 26, 2026
Slide 1: Investor Presentation
1 Investor Presentation 26.10.2026
Slide 2: Disclaimer
DISCLAIMER 2 Withthe CapitalMarketsBoardof Turkey’sBulletindated28.12.2023 numbered2023/81, CMB announcedthatissuers and capitalmarketinstitutionsshall preparetheirannualfinancialstatementsendingon 31.12.2023 or later,in accordancewith IAS 29 inflationaryaccountingprovisions. Accordingly,this presen
Slide 3: Corporate Structure
CORPORATE STRUCTURE 3 Total1,997 employees** 1,383 shop-flooremployee Established in 614 officeemployee 1954 54,000 units tractorproductioncapacity* The oldest continuously manufacturing company of Turkish automotive industry Shareholder Structure Founded in 1926, Koç Holding is Free Float CNH Indus
Slide 4: Plants & Facilities
PLANTS & FACILITIES 4 Ankara Factory Erenler Factory Ankara CE Facility İzmir CE Facility Engine, Transmission and Axle Manufacturing Center Paint shop, Cabin Manufacturing and Tractor Indoor Area : 3,245 m2 Opening : 18.09.2014 CE Manufacturing Center Assembly Processes Total Area : 9,748 m2 Indoor
Slide 5: Why Invest in Türktraktör
WHY INVEST IN TÜRKTRAKTÖR 5 Leading tractor manufacturer 1 with diversified product range The largest tractor producer in Turkey 2 Sustainable growth 3 Good shareholder returns with 54K tractor capacity Tractor market leader for the last Vertically integrated operation consecutive 19 years Has long-
Slide 6: Türktraktör
TÜRKTRAKTÖR 6 Position within CNH Industrial The sole design and production centerNew of Holland TDand Case IH JX series tractors The First R&D Center in its Sector in the world Manufacturing Technology R&D Center with total area12,584 of m2 which is accredited by the Ministry of Industry The sole p
Slide 7: Türktraktör at a Glance
TÜRKTRAKTÖR AT A GLANCE 7 Tractor Manufacturing(unit) Total Tractor Sales (unit) Import Tractor Domestic Tractor Export 43,611 44,490 25,833 27,023 21,244 14,913 20,732 15,401 2024 2025 2025/9 2026/9 2024 2025 2025/9 2026/9 Total Revenue(million TL) Gross Profit(million TL) 50,881 36,738 7,477 3,452
Slide 8: Tractor
TRACTOR 8 • TürkTraktör has continued to be the first choice of farmers as the uninterrupted market leader in the Turkish tractor market for the 19 years, with the broadest sales and -after Local Tractors(55HP-145HP) Local Tractors(55HP-117HP) ImportTractors(130HP-340HP) sales service network of New
Slide 9: Network - Tractor
NETWORK - TRACTOR Maintenance, service, and repair services are The New Holland and CASE IH dealer networks ensure The tractor dealer network is supported138 by spare provided through a customer -focused dealer network strong brand presence and a widespread service parts dealers serving both the New
Slide 10: Construction Equipment
CONSTRUCTION EQUIPMENT 10 • TürkTraktör, which stepped into the construction equipment industry in 2013 as the distributor of New Light Construction Equipment Light Construction Equipment Hollandand CASEbranded construction equipment, provides services in this field with its wide product range consi
Slide 11: Network – Construction Equipment
NETWORK – CONSTRUCTION EQUIPMENT 11 *as of 30.09.2026
Slide 12: Agricultural Equipment
AGRICULTURAL EQUIPMENT 12 Agricultural Equipment Agricultural Equipment • Agricultural equipment covers a wide range of actively used products in all processes, starting with soil preparation, e, tillag planting, spraying, fertilizing, and then harvesting and haulage. • In the agricultural equipment
Slide 13: Market Position of Our Brands
MARKET POSITION OF OUR BRANDS 13 • Market leader for19 years in a row • 33.4%* market share • Targeting professional farmers • The largest dealer network • 3rd brand in the market covering all regions • 9.4%* market share • Wide customer portfolio • TürkTraktör started domestic productionof high-tec
Slide 14: Sales of Türktraktör
SALES OF TÜRKTRAKTÖR 14 Tractor Sales of TürkTraktör(unit) Locally produced tractor salesdecreased by51% in 2026/9. Import Local Export 31,222 Import tractor salesdecreasedby 60% in 2026/9. 15,577 12,516 11,023 12,315 8,164 9,225 6,076 In 2026,tractor exportsincreasedby 13% compared to 2025. 752 423
Slide 15: Turkish Agriculture Sector
TURKISH AGRICULTURE SECTOR 15
Slide 16: Turkish Agriculture Sector
TURKISH AGRICULTURE SECTOR 16 Turkey’s agricultural economy 7. (as of 2025) Turkey’s agricultural economy 1. (as of 2025) Share in GDP 4.2% (as of 2Q2026) Share in the total employment 13.7% (as of 2Q2026) in the World in Europe Agricultural Production 2025 - 2026E (million ton) 2025 2026E 19% incre
Slide 17: Agricultural Support Programs in Turkey
AGRICULTURAL SUPPORT PROGRAMS IN TURKEY 17
Slide 18: Agricultural Support Programs in Turkey
AGRICULTURAL SUPPORT PROGRAMS IN TURKEY 18 Agricultural Subsidy Payments(billion TL) Agricultural Investment Supports(billion TL) 190.0 168.0 166.3 158.6 100.6 91.6 63.4 39.6 41.3 21.9 23.0 25.1 17.0 12.1 5.1 5.1 2019 2020 2021 2022 2023 2024 2025 2026 2019 2020 2021 2022 2023 2024 2025 2026 Budget
Slide 19: Consumer Finance
CONSUMER FINANCE TiirkTraktor e100
Slide 20: Consumer Finance
20 CONSUMERFINANCE Interest Rates Ziraat Bank is in a competitive position with post-subsidy a interest rate of 20.4%. 58.8% 50.4% 49.2% 47.0% 45.0% 45.0% 45.0% 43.8% 42.0% 42.0% 58.8% 40.8% 36.6% 29.4% Ziraat Bankloan usage was 29.7% in September 2026. 20.4% 29.4% 18.0% 25.2% 24.6% 23.5% 22.5% 21.0
Slide 21: Türktraktör Finance
TÜRKTRAKTÖR FINANCE 21 First in the Turkish agriculture sector Aimed to enable farmers to have new tractors through the alternative financial solution and to support the increase of mechanization and modernization of agriculture All Financial Solutions Covers tractor, agricultural equipment, and Und
Slide 22: Highlights of Turkish Tractor Market
HIGHLIGHTS OF TURKISH TRACTOR MARKET 22
Slide 23: Highlights of Turkish Tractor Market
HIGHLIGHTS OF TURKISH TRACTOR MARKET 23 ~ 2M 650K Total Tractors older Tractor than35 years ~ 1.3M* 48% Ratio of the Actively used tractors >24 Tractor years Turkey was the th 5 biggest tractor market in the world in the 2025 *Source: Association of Turkish Insurance and Reinsurance Compan
Slide 24: Global Tractor Market
GLOBAL TRACTOR MARKET fa [IOC TiirkTraktor
Slide 25: Global Tractor Market
GLOBAL TRACTOR MARKET 25 Turkey is theworld’s 5th largest tractor market according to total tractor sales in 2025. Total Global Market(Thousand Unit) Most important export markets contracted 6% 2023 2024 2025 25 vs. 24 Global tractor market increased 7% in 2025 Important Export Change (2026E vs. 202
Slide 26: Export
EXPORT 26 Tractor Export from Turkey(unit) TürkTraktör’s Export(unit) Source: Tarmakbir Total TürkTraktör 12% decrease 17,106 13% increase 15,328 12,516 12,516 12,946 11,023 11,023 11,180 9,225 9,225 8,164 8,164 2024 2025 2025/9 2026/9 2024 2025 2025/9 2026/9 TürkTraktör’s Share in Export TürkTraktö
Slide 27: Production
PRODUCTION y fa [IOC TiirkTraktor CNH
Slide 28: Tractor Production in Turkey & Türktraktör
TRACTOR PRODUCTION IN TURKEY & TÜRKTRAKTÖR 28 Tractor Production of Turkey(unit) TürkTraktör’s Production(unit) Source:Tarmakbir Total TürkTraktör 72,562 41% decrease 30% decrease 43,611 42,734 43,611 34,457 25,833 21,244 26,895 25,833 21,244 14,913 14,913 2024 2025 2025/9 2026/9 2024 2025 2025/9 20
Slide 29: Turkish Tractor Market & Türktraktör
TURKISH TRACTOR MARKET & TÜRKTRAKTÖR 29 Turkish Tractor Market(unit) Market Share of TürkTraktör Source: TURKSTAT Total TürkTraktör Source:TURKSTAT 63,546 40,498 29,380 30,092 46.2% 41.1% 42.7% 15,570 16,892 38.4% 12,362 7,219 2024 2025 2025/9 2026/9 2024 2025 2025/9 2026/9 Market Market The Turkish
Slide 30: Value Created for Our Shareholders
VALUE CREATED FOR OUR SHAREHOLDERS 30 Foreign Ownership in Free Float(%) Stock Chart 350 300 250 39.5 33.5 200 29.1 27.5 26.6 150 100 50 0 TürkTraktör BIST - 100 BIST - 30 BIST - MESY Earnings per Share 1,2 -7,9 2025/9 2026/9
Slide 31: Financial Results
e100 FINANCIAL RESULTS 7 ee ee 4 ee TiirkTraktor
Slide 32: Key Performance Indicators
KEY PERFORMANCE INDICATORS Average NWC / Sales EBITDA Margin 18.9% 14.0% -3.7% 17.6% -1.7% -0.6% 8.0% 3Q25 GP Margin Operating Depreciation 3Q26 Expenses 2025 3Q2026 Free Cash Flow CAPEX/Sales 3,561 6.2% (TL mils.) 4.0% (2,053) 2025/9 2026/9 2025/9 2026/9
Slide 33: Summary Financials
SUMMARY FINANCIALS 33 Million TL 3Q26 3Q25 YoY % 2Q26 QoQ % 2026/9 2025/9 YoY % Revenue 11,741 14,652 (20) 13,637 (14) 36,738 50,881 (28) Gross Profit 1,474 2,379 (38) 1,229 20 3,452 7,477 (54) Operating Profit 120 943 (87) (230) (152) (1,084) 2,559 (142) Other Inc./Exp. 150 (200) (175) 134 12 227 (
Slide 34: 2026 Expectations
2026 EXPECTATIONS 34 Tractor Market : 21,000 – 26,000 units Turkish Tractor Industry Volume Local TractorSales*: 8,500 – 10,000 units Tractor Exports:11,000 – 13,500 units CAPEX: 60 – 70 million $ **Salestothedealersincludedimportedtractors.
Slide 35: Investor Relations Contact
INVESTOR RELATIONS CONTACT 35 Sıla AKÇAY Tuba ŞENOL MİLLİ Investor Relations Team Leader Investor Relations Leader Specialist [email protected] [email protected] [email protected]
Türk Traktör ve Ziraat Makineleri A.Ş. — Q3 2026 Earnings Presentation on 6ix