Investor Presentation

April 2021

Turkey and ASELSAN's Place in Global Defense

2020 Top 10 Spenders vs. Turkey

(Billion $)

USA

778

China

252

India

73

Russia

62

United Kingdom

59

Saudi Arabia

58

Germany

53

France

53

Japan

49

South Korea

46

Turkey

18

SIPRI

Military Spending as a % of GDP

(TURKEY)

Military Spending of Turkey

(5 year averages)

(Billion $)

20,00

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

%3,0

%2,7

%2,8

1.400

Spendingas a % of GDP

%2,5

$ - nominal terms)

%2,5

1.200

%2,1

%2,1

%2,0

%2,0

%1,9

%1,9

1.000

%1,8

%2,0

800

%1,5

600

76.

80.

58. 57.

62.

67.

74.

48.

52.

55.

%1,0

GDP(Billion

Military

400

%0,5

200

%0,0

0

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2

SIPRI, TÜİK

97. 90. 93. 86. 2010201120122013201420152016201720182019

200720082009

Defense News Top 100

Shareholder Structure

Shareholder Structure

Turkish Armed Forces Foundation (TAFF)

ASELSAN,

TAFF BOARD OF TRUSTEES

-President (Chairman)

is the only defense company listed on BIST.

-Vice President

- Minister of National Defense

- Chief of General Staff

- President of Defence Industries

Free Float

TAFF

74,2%

25,8%

Board of

Directors

Turkish Armed

ASELSAN

TAI

ROKETSAN

HAVELSAN

ASPİLSAN

İŞBİR

Forces Foundation

TAFF was established by the merger of Land, Navy and Air

Forces Foundations.

TAFF's objective is to enhance the warfare capability of

Turkish 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

TRANSPORTATION,

RADAR, ELECTRONIC

DEFENSE SYSTEMS

SECURITY, ENERGY,

INFORMATION

GUIDANCE and

WARFARE

TECHNOLOGIES

AUTOMATION and

TECHNOLOGIES

ELECTRO-OPTICS

HEALTHCARE

COMMUNICATION

AVIONIC

RADAR SYSTEMS

AIR and MISSILE DEFENSE

SECURITY

SATELLITE SYSTEMS

ELECTRO-OPTIC

ELECTRONIC WARFARE

LAND and WEAPON SYSTEMS

TRANSPORTATION

IT and CYBER

GUIDANCE and

MICROWAVE PRODUCTS

COMMAND CONTROL

TRAFFIC and AUTOMATION

UNMANNED SYSTEMS

SECURITY

4

MICROELECTRONICS

NAVAL SYSTEMS

ENERGY and HEALTH

Our Affiliates

ROKETSAN

ASELSANNET

ASELSAN KONYA SİLAH SİS.

ASELSAN BİLKENT MİKRO NANO

Share :15%

Share:51%

Partner: TAFF

Share :100%

Partner: Konya

Share:50%

Defence Industry

Partner: BİLKENT Ünv.

Founded: 1988

Founded: 2004

Founded: 2018

Founded: 2014

Assets: 1,3 Bio $

Assets: 253 Mio $

Assets: 54,6 Mio $

Assets: 29,8 Mio $

EHSİM

ULAK

ASELSAN HASSAS OPTİK

ASPİLSAN

Share:50%

Share:51%

Share :1%

Partner:SSTEK A.Ş.

Share:50%

Partner: TAFF

Partner: Havelsan, SSTEK

Founded: 2017

Partner:Sivas Optik

Founded: 1981

Founded: 1998

Assets: 21,9 Mio $

Founded: 2014

Assets: 13,9 Mio $ (*)

Assets: 25 Mio $

Assets: 20,2 Mio $

TEKNOHAB

MİKROELEKTRONİK

BİTES

TÜYAR

Share:15%

Share:85%

Share :51%

Partner: HAB,TUSAŞ

Partner: İTÜ ETA Vakfı

Share :51%

Partner: TÜBİTAK, SSM

GAZİ Ünv.

Founded: 2004

Partner: Real Person

Founded: 2017

Founded: 2018

Assets: 4,6 Mio $

Founded: 2001

Assets: 2,3 Mio $

Assets: 5,8 Mio $

Assets: 3,2 Mio $

DASAL

TR EĞİTİM VE TEKNOLOJİ A.Ş.

ASELSAN GLOBAL

Share :40%

Share:35%

Share :100%

Partner: Altınay A.Ş.

Partner: TUSAŞ

Founded: 2019

Founded: 2019

Founded: 2018

Assets: 0,4 Mio $

Assets: 1,8 Mio $

Assets: 0,6 Mio $

KAZAKHSTAN ASELSAN

ASELSAN MIDDLE EAST(JORDAN)

SOUTH AFRICABRANCH

IGG ASELSAN INTEGRATED

ENGINEERING (KAZAKHSTAN)

Share: 100%

SYSTEMS (UNITED ARABIAN

Share : 49%

Share: 49%

EMIRATES)

Partner: Kazakhstan

Partner: KADDB

Founded: 2011

Share: 49%

Engineering

Investment Group

Assets: 5,4 Mio $

Partner: IGG

Founded: 2011

Founded: 2012

Founded: 2011

Assets: 32,8 Mio $

Assets: 16,3 Mio$

Assets: 5,2 Mio $

MACEDONIA BRANCH

ASELSAN BAKÜ

BARQ QSTP (QATAR)

(AZERBAIJAN)

Share: 100%

Share : 48%

Share: 100%

Partner: BARZANHolding,

Founded: 2014

Founded: 1998

SSTEK A.Ş.

Assets: 1,8 Mio $

Assets: 1,7 Mio $

Founded: 2018

Assets: 0,3 Mio $

5

* Assets are given as of 31.12.2020..

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Aselsan Elektronik Sanayi ve Ticaret AS published this content on 27 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2021 16:06:06 UTC.