AUGUST 10, 2023

Q2 2023 EARNINGS

PRESENTATION

EARNINGS PRESENTATION

Disclaimer

The information and opinions contained in this document have been compiled by Hacı Ömer Sabancı Holding A.Ş. ("Holding") from

sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or correctness. No undue reliance may be placed for any purposes whatsoever on the information contained in this presentation or on its completeness, accuracy or fairness. This document contains forward-looking statements by using such words as "may", "will", "expect", "believe", "plan" and other similar terminology that reflect the Holding management's current views, expectations, assumptions and forecasts with respect to certain future events. As the actual performance of the companies may be affected by risks and uncertainties, all opinions, information and estimates contained in this document constitute the Holding's current judgement and are subject to change, update, amend, supplement or otherwise alter without notice. Although it is believed that the information and analysis are correct and expectations reflected in this document are reasonable, they may be affected by a variety of variables and changes in underlying assumptions that could cause actual results to differ materially. Holding does not undertake any obligation, and disclaims any duty to update or revise any forward looking statements, whether as a result of new information or future events. Neither this document nor the information contained within can construe any investment advice, invitation or an offer to buy or sell Holding and/or Its group companies' shares. Holding cannot guarantee that the securities described in this document constitute a suitable investment for all investors and nothing shall be taken as an inducement to any person to invest in or otherwise deal with any shares of Holding and its group companies. The information contained in this document is published for the assistance of recipients, but is not to be relied upon as authoritative or taken in substitution for the exercise of judgment by any recipient. You must not distribute the information in this document to, or cause it to be used by, any person or entity in a place where its distribution or use would be unlawful. Neither Holding, its board of directors, directors, managers, nor any of Its employees shall have any liability whatsoever for any direct or consequential loss arising from any use of this document or its contents.

EARNINGS PRESENTATION

H1'23 Highlights

Strong Results Amid

Challenges & Uncertainties

Topline(1) growth 59%

EBITDA(1) growth 42%

Net income(1) growth 50%

ROE 38%

Solid Balance Sheet with Strong Liquidity

Net debt/EBITDA(2) 0.5x

Consolidated Long FX position(2) USD511mn

Holding-only cash

USD176mn

Improved ESG Performance

Water consumption Reduction(2)

9%

SDG-linked Capex & Opex(4)

TL 8.2 bn

Scope 1 & 2 emissions(2) 11%

Women managers(4) 41%

SDG-linked revenues(4)

TL 18.6 bn

NAV(3) growth (y/y): 43% in USD

NAV(3) discount: 29% down by 6pps compared to a year ago

Non-bank Capex / Sales (y/y): reached 8.6% in H1 2023 vs 7.4% in H1 2022

(1)Topline excludes Holding dividend income. Bank revenue = Interest income + commission income + capital markets gains/losses + net derivative gains/losses. EBITDA and Net Income excludes non-operational and non-recurringone-off items.

  1. Non-bank (3)Please refer to Appendix for the details of our NAV. (4)Compared to 2021 fiscal year performance.

01

/05

Combined Financials

COMBINED FINANCIALS

Amid volatile global & local macro backdrop & ongoing inflationary pressures…

15%

1%

2018

20%

2018

Bloomberg Commodity & Energy Index (YoY Change)

Bloomberg Commodity Index

Bloomberg Energy Index

87%

67%

33%

32%

40%

28%

-8%-11%

-12%

-39%

2019

2020

2021

2022

H1 2022

Annual Turkish Consumer Price Index (YoY Change)

79%

64%

36%

12%

15%

2019

2020

2021

2022

H1 2022

-14%

-27%

H1 2023

38%

H1 2023

Wage Increase* (Minimum Wage, Gross)

100%

323

280

166

201

144

140

114

2018

2019

2020

2021

2022

H1 2022

H1 2023

Average Foreign Exchange Rates* Change (YoY Change)

73% 75%

36%36%

25%

29%

14%

2018

2019

2020

2021

2022

H1 2022

H1 2023

*Years are indexed to 2017=100 and quarters are indexed to 2021=100.

Basket (0.5USD+0.5EUR)

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Disclaimer

Haci Ömer Sabanci Holding AS published this content on 09 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2023 19:36:06 UTC.