Investor Presentation

October 2022

Türkiye and ASELSAN's Place in Global Defense

2021 Top 10 Spenders vs. Türkiye

(Billion $)

United States of…

801

China

293

India

77

United Kingdom

68

Russia

66

France

57

Germany

56

Saudi Arabia

56

Japan

54

Korea, South

50

Türkiye

15

SIPRI

Military Spending as a % of GDP

(Türkiye)

%3,0

%2,5

%2,7

1.400

GDPof%aas

%2,4

terms)nominal

%2,5

1.200

%2,1

%2,1

%2,1

%2,0

%1,9

%1,9

%1,8

1.000

%2,0

800

SpendingMilitary

%1,5

(BillionGDP$ -

600

%1,0

400

%0,5

200

%0,0

0

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

SIPRI, TÜİK

Military Spending of Türkiye

(5 year averages)

(Billion $)

18,00

16,00

14,00

12,00

10,00

8,00

6,00

4,00

2,00

0,00

SIPRI

ASELSAN Global Defense Ranking

48.

49.

48.

55.

52.

57.

58.

62.

67.

74.

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

Defense News Top 100 2

Shareholder Structure

Shareholder Structure

ASELSAN,

is the only defense company listed on BIST.

Free Float

74,2%

25,8%

Türk Armed

Forces Foundation

Türk Armed Forces Foundation (TAFF)

TAFF BOARD OF TRUSTEES

-President (Chairman)

-Vice President

    • Minister of National Defense
      • Chief of General Staff
  • President of Defence Industries

TAFF

Board of Directors

ASELSAN

TAI

ROKETSAN

HAVELSAN

ASPİLSAN

İŞBİR

ENERGY

  • TAFF was established by the merger of Land, Navy and Air Forces Foundations.
  • TAFF's objective is to enhance the warfare capability of Türk Armed Forces through national defense industry.
  • TAFF owns several defense companies operating in separate fields.
  • The only privilege of the shares owned by TAFF is nominating 6 members of the 9 members of Board of Directors.

3

Field of Activities

COMMUNICATION

MICROELECTRONICS

INFORMATION

GUIDANCE and ELECTRO-

TECHNOLOGIES

OPTICS

Avionic Systems

Military Communications

Electro-Optic Systems

Public Safety

Communications

Unmanned Vehicles

RADAR, ELECTRONIC

WARFARE

Radar Systems

Electronic Warfare

TRANSPORTATION,

DEFENSE SYSTEMS

SECURITY, ENERGY,

TECHNOLOGIES

AUTOMATION and

HEALTHCARE

Air & Missile Defense

Security

Land Weapon Systems

Transportation & Energy

Satellite & Space Systems

Guidance Systems

Special Mission Aircrafts

Command Control (C4ISR)

Smart Systems

Cryptology & IT Solutions

Microelectronics

Microwave Products

Naval Systems

Healthcare Technologies

4

Our Affiliates

ROKETSAN

ASELSANNET

ASELSAN KONYA SİLAH SİSTEMLERİ

ASPİLSAN ENERJİ SANAYİ VE TİCARET

Share : 15%

Share: 100%

Share: 51%

A.Ş.

Partner: TSKGV

Partner: Konya

Founded: 2004

Founded: 1988

Defence Industry

Share: 1%

Assets: 134 Mio $

Assets: 982 Mio $ (*)

Founded: 2018

Ortak: TSKGV

Assets: 65,4 Mio $

Kuruluş: 1981

Assets: 48 Mio $ (*)

ASELSAN BİLKENT MİKRO NANO

ASELSAN SİVAS HASSAS OPTİK

ULAK

EHSİM

Share: 50%

Share: 50%

Share: 51%

Share: 50%

Partner: Sivas Optik

Partner: SSTEK, Havelsan

Partner:SSTEK,Havelsan

Partner: BİLKENT Ünv.

Founded: 2014

Founded: 2017

Founded: 1998

Founded: 2014

Assets: 24,2 Mio $

Assets: 22,2 Mio $

Assets: 21,6 Mio $

Assets: 26,5 Mio $

DASAL

TEKNOHAB

MİKROELEKTRONİK

BİTES

Share: 13,04%

Share: 40%

Partners:SSTEK,HAB,TUSAŞ

Share: 85%

Share: 51%

Partner: Altınay A.Ş.

Havelsan, Roketsan,

Partner: İTÜ ETA Vakfı

Partner: Person

GAZİ Ünv.

Founded: 2004

Founded: 2001

Founded: 2019

Founded: 2018

Assets: 3,5 Mio $

Assets: 1,9 Mio $

Assets: 3,7 Mio $

Assets 3,5 Mio $

TÜYAR

TR EĞİTİM VE TEKNOLOJİ A.Ş.

ASELSAN GLOBAL

Share: 51%

Share: 35%

Share: 100%

Partner:TÜBİTAK, SSB

Partner: TUSAŞ

Founded: 2019

Founded: 2017

Founded: 2018

Assets: 0,5 Mio $

Assets: 1,3 Mio $

Assets: 0,7 Mio $

KAZAKHSTAN ASELSAN ENGINEERING

ASELSAN MIDDLE EAST (JORDAN)

IGG ASELSAN INTEGRATED SYSTEMS

MACEDONIA BRANCH

(KAZAKHSTAN)

(UNITED ARABIAN EMIRATES)

Share: 49%

Share: 49%

Partner: Kazakhstan

Partner: KADDB

Share: 100%

Engineering

Investment Group

Share: 49%

Founded: 2011

Founded: 2012

Partner: IGG

Founded: 2014

Assets: 25,8 Mio $

Assets: 16,6 Mio $

Founded: 2011

Assets: 4,6 Mio $

Assets: 4,6 Mio $

SOUTH AFRICA BRANCH

ASELSAN BAKÜ (AZERBAIJAN)

BARQ QSTP (QATAR)

ASELSAN UKRAINE

Share: 100%

Share : 48%

Share: 100%

Share: 100%

Founded: 1998

Founded: 2020

Assets: 1,6 Mio $

Partner: BARZAN Holding, SSTEK A.Ş.

Assets: 0,5 Mio $

Founded: 2011

Founded: 2018

Assets: 3,9 Mio $

Assets are given as of 30.06.2022

5

(*)Assets are given as of 31.12.2021

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Aselsan Elektronik Sanayi ve Ticaret AS published this content on 19 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2022 16:55:00 UTC.