ŞİŞECAM AT A GLANCE

Şişecam operates in the fields of flat glass, glassware, glass packaging and chemicals with 43 plants across 14 countries.

Şişecam is an industrial group conducting business operations on a global scale in flat glass, glassware, glass packaging, and chemicals business lines. Şişecam executes its production activities in 14 countries with a workforce of nearly 22 thousand people, selling its products to over 150 countries, which constitute more than half of its total sales.

Founded in 1935 by İşbank by the directive of Atatürk, Şişecam is one of the most established industrial organizations in Turkey with 85 years of corporate history. Due to its specialization, high competence and the outstanding competitive edge of its operations, it is among the world’s most prestigious manufacturers.

Şişecam's Global Position

*Based on production capacityEUROPEWORLD#1 #2 #5 #4 #5 #2 #5 #8 FLAT GLASSGLASSWAREGLASS PACKAGINGSODA
ŞİŞECAM CREDIT RATING
MOODY’S B2/Negative
Fitch BB-/Negative
ŞİŞECAM CORPORATE GOVERNANCE RATING
December 16, 2020 9,538

Financial Indicators

  2019 2020
Financial Indicators (TRY M) (USD M) (TRY M) (USD M)
Total Assets 38,751 6,523 44,228 6,025
Equity 19,133 3,221 22,491 3,064
Sales 18,059 3,184 21,341 3,047
Gross Profit 5,880 1,036 6,661 951
Operating Profit Before Financial Expenses (EBIT) 3,494 615 4,338 619
EBITDA 4,869 857 5,989 855
Profit for the Period 2,700 476 2,825 403
Net Financial Debt 4,513 760 3,911 533
Financial Ratios 2019 2020
Current Assets/Current Liabilities 2.10 2.58
Equity/Total Equity and Liabilities 49.4% 50.9%
Net Financial Debt/Total Equity and Liabilities 11.6% 8.8%
Net Financial Debt/Equity 23.6% 17.4%
Gross Profit/Sales Revenue 32.6% 31.2%
EBITDA/Sales Revenue 27.0% 28.1%
EBIT/Sales Revenue 19.3% 20.3%
Net Financial Debt/EBITDA 0.93 0.65

Shareholder and Investor Relations

Şişecam creates significant added value in all geographies and industries where it operates, while also creating value for its investors.

Performance of Şişecam Shares Relative to BIST-100 Index (2020)

The breakdown of the Corporate Governance Rating based on main sections is as follows:

Shareholders 0.25 95.49
Public Disclosure and Transparency 0.25 96.98
Stakeholders 0.15 99.48
Board of Directors 0.35 92.39
Total 1.00 95.38

Şişecam’s Corporate Governance Rating rose to 9.54.

Şişecam’s Production Capacity

Şişecam touches every aspect of the life in the fields of flat glass, glassware, glass packaging and chemicals in more than 150 countries.

14

Countries

43

Production Facilities

4.9

MILLION TONS Glass Production

2.2

MILLION TONS Soda Production

3.9

MILLION TONS Industrial Raw Material Production

2020 in Numbers

Regional Distribution of Sales Revenues

3%

AMERICA

87%

EUROPE

3%

AFRICA MIDDLE EAST

7%

ASIA OCEANIA

Domestic-International Distribution of Sales