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OFFON

ASELSAN ELEKTRONIK SANAYI VE TICARET ANONIM SIRKETI

(ASELS)
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Aselsan Elektronik Sanayi ve Ticaret Anonim Sirketi : SUSTAINABILITY REPORT 2020

07/05/2021 EDT

Turkey's Sustainable

Powerhouse

Sustainability

Report

2020

Table of Contents

12

Our Fields of Activity

42

Our Proven Professional

80

Our Innovation-Driven

14

Our Key Sustainability Indicators

Management Approach

Product and Service

16

ASELSAN at a Glance

42

Corporate Governance

Approach

44

Ethical Principles

80

Product and Service Quality

16

ASELSAN in Brief

45

Internal Audit

82

Technology and Innovation

18

Message from the Chairman,

46

Combatting Bribery &

Activities

President and CEO

Corruption

92

Information Systems and

22

Our Key Financial and

48

Risk Management

Information Security

Operational Indicators

52

Our Value-Driven Human

96

Our Value-Driven Supply

24

Our Organizational Structure

25

Our Shareholding Structure

Resources Approach

Chain Management

26

Mission and Vision

54

Employee Profile

98

Supplier Evaluation

28

Awards

58

Rights of Employees

111

Localization Efforts with

30

Milestones of Our Sustainability

58

Social Diversity and Equal

Local Companies

Journey

Opportunities

112

Our Environmental

32

Our Future-Driven

59

Recruitment

62

Performance Development,

Responsibilities

Sustainability Approach

Career and Talent

112

Environmental Management

32

Our Material Sustainability Issues

Management

114

Climate Change Management

34

Our Stakeholder Map and

64

Remuneration and Fringe

114

Emissions and Energy

Communication Approach

Benefits

118

Water Management

40

Memberships and Initiatives

65

Employee Development

119

Zero Waste Management

Supported

and On-the-Job Training

122

Environmental Compliance

Opportunities

123

Green Solutions in Operations

68

ASELSAN Academy

123

Information Systems

Graduate Program

125

Facility Management

72

Internal Communication and

127 Our Contribution to Social

Employee Motivation

73

Decent Working Conditions

Development

74

Human Rights

75 Occupational Health and Safety

78

Occupational Health and

Safety Management System

About the Report

With its 8th sustainability report in 2020, ASELSAN is disclosing its sustainability performance in a wide range of areas from economy and the environment to corporate governance and social investments to the stakeholders in its impact area. This report has been prepared by using the Core principles of the 2016 Standards by the Global Reporting Initiative (GRI) as a guide. Publishing Sustainability Reports on an annual basis, the Company also aims to build an interactive relationship with all its stakeholders, from employees to investors, based on the principles of transparency and accountability. The report includes ASELSAN's economic, corporate, social, and environmental sustainability activities in Turkey. The sustainability performances of the Company's foreign affiliates, as well as operations abroad, are excluded from the scope of this Sustainability Report 2020. ASELSAN's Investor Relations Department has assumed the role of coordination within the Company's organizational structure during the reporting process.

Questions, feedback, and comments about the ASELSAN Sustainability Report 2020, available in Turkish and English, can be submitted to the following address:

aselsan.ir@aselsan.com.tr

At ASELSAN, we have undertaken significant duties for over 40 years not only in the defense of our country but also in many other areas of life thanks to our products equipped with advanced technology. Our customers are confident that they can receive technical support no matter the circumstances, and this is the reason why our products provide confidence while being used for long years. Our efforts are also focused on the sustainability of our Company in terms of financial and corporate governance.

In our activities, we pursue the vision of becoming an eco-friendly and sensitive national technology firm that continues its sustainable growth thanks to the values we create on the global market and maintains its position as a preferred and strategic business partner with its competitive edge.

EMPLOYEE-CENTERED APPROACH

We believe that the most important factor behind our success is our employees. As a company that did not suspend production during the pandemic, we took all the necessary measures so that our employees work in a happy, peaceful, and safe environment. We also launched the "a BİL-GE Platform" on online and mobile channels to make employee development sustainable in 2020. We stood by 9,000 employees on their development journeys through the training sessions specifically designed for the pandemic. With this project, we were among the finalists for the Global Council of Corporate Universities awards.

JOINING FORCES WITH OUR SUPPLIERS

We are going through a period where the coronavirus exposed the fragility of global production and supply chains. We devise our supply system by forecasting possible crisis scenarios. As a result of our long-standing and rather rigorous localization and nationalization efforts, local companies make up the majority of over 4,000 suppliers we work with. We take reliable and firm steps towards the future with our suppliers on the "Gücümüz Bir (Powerful Together)" online platform launched under the theme of "Joining Forces" when faced with challenging conditions.

RISING OVER TECHNOLOGY AND R&D

In parallel with our vision of becoming Turkey's technology hub, we carry our country forward. We conduct R&D activities as they are instrumental in reaching this vision. We finance these R&D activities either with our internal sources or with customers' sources. ASELSAN is among the companies with the highest R&D spending in Turkey. We attain sustainable achievements and grow consistently through these investments.

Disclaimer

Aselsan Elektronik Sanayi ve Ticaret AS published this content on 05 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 July 2021 09:43:05 UTC.


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Financials
Sales 2021 23 117 M 2 604 M 2 604 M
Net income 2021 6 133 M 691 M 691 M
Net Debt 2021 424 M 47,7 M 47,7 M
P/E ratio 2021 5,15x
Yield 2021 1,36%
Capitalization 33 470 M 3 778 M 3 770 M
EV / Sales 2021 1,47x
EV / Sales 2022 1,28x
Nbr of Employees 9 644
Free-Float 25,8%
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 9
Last Close Price 14,68 TRY
Average target price 19,70 TRY
Spread / Average Target 34,2%
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Managers and Directors
Haluk G÷rgŘn Chairman, President & Chief Executive Officer
Mehmet Fatih Gueclue Chief Financial Officer & Vice President
Mehmet Feyzi Celik Vice President-Technology & Strategy
Sezai Elagoez Vice President-Research & Development
Bayram Genšcan VP-Communication & Information Technologies