Company Presentation

Tekfen Holding Investor Presentation November 2021

Tekfen Group

At a glance

1956 Feyyaz Berker, Nihat Gökyiğit and Necati Akçağlılar formed an engineering consulting company

1957 The three partners establish Tekfen Construction Ltd.

1963 Tekfen Industry and Trading Co., Inc. is founded to produce incandescent lamps.

1970 Foundation of	1981 Toros Fertilizer	2000	Tekfen Real Estate	2007 Partnership with	2012 Sale of Eurobank
Tekfen Manufacturing	starts production	Development Group	Eurobank EFG in	Tekfen
				Tekfenbank
1971 Foundation of	1984 Foundation of	2001	Acquisition of Bank		2018 Acquisition of
Tekfen Holding	Tekfen Engineering	Ekspres	Acquisition of EFG	Alanar & Alara
				Istanbul Securities
1975 Iraq-Turkey	1989 Tekfenbank	2003	Tekfen Tower		2019 Acquisition of 10%
pipeline	Acquisition of Akgübre	opens	IPO of Tekfen Holding	share of SOCAR Polimer
	fertilizer
1978 Tekfen		2005	Acquisition of		Acquisition of Gonen
Construction goes	1992 Tekfen	Samsun Gübre fertilizer		Yenilenebilir Enerji
overseas	Philarmonics	plant			2020 RUSFEN
		2006	Completion of BTC		established	2
		crude oil pipeline

Tekfen Group Engineering	Chemical	Agricultural	Services	Investment	www.tekfen.com.tr
& Contracting	Industry	Production

Tekfen Group

Corporate Governance

Ownership structure

Share Classes

Akçağlılar,

Others, 6.7%

0.8%

Free Float,

Berker,47.8%

22.6%

Gökyiğit,

22.2%

Single type of shares (one share one vote)

Composition of the Board

4 out of 11 members are independent. Board members to be elected for max. of three years

Dividends

30% of the distributable income has to be paid out

Ownership Structure

No cross ownership within the group

									3
	Chemical		Agricultural		Services		Investment		www.tekfen.com.tr
Tekfen Group	Engineering &
	Contracting	Industry		Production

Tekfen Group

At a glance

Engineering & Contracting

Main Operations

Construction

Engineering

Fabrication

Real Estate

Developement

Main Companies

Tekfen Construction

Tekfen Engineering

Tekfen Manufacturing & Engineering

GATE Construction

Revenues: TRY7.1bn

EBITDA: -TRY344mn

Chemical

Industry

Main Operations

Fertilizer production and distribution

Main Companies

Toros Agricultural

Industry & Trade

CFS Petrochemicals

Gonen Energy

Agroport

Revenues: TRY3.9bn

EBITDA: TRY736mn

Agricultural

Production

Main Operations

Seed, sapling and seedling production and distribution

Agricultural production and trade

Main Companies

Tekfen Agriculture and Trade

Alanar Fruit & Alanar Sapling

Hishtil-Toros Seedling Industry & Trade

Revenues: TRY201mn

EBITDA: -TRY28mn

Services

Main Operations

Terminal services Free zone operations Insurance Fuel-motel activities

Main Companies

Tekfen Insurance

Toros-Adana

Yumurtalık Free Zone

Tekfen Tourism

Toros Shipping

Revenues: TRY486mn

EBITDA: TRY176mn

Investment

Main Operations

Venture Capital

Petrochemical

Real Estate Investment

Rental Activities

Main Companies

Tekfen Ventures

Tekfen Holding

Socar Polymer

Berlin Light

Dortmund

Revenues: TRY48mn

EBITDA: -TRY81mn

Share in consolidated	Share in consolidated	Share in consolidated	Share in consolidated	Share in consolidated
revenues*: 60.6%	revenues*: 33.1%	revenues*: 1.7%	revenues*: 4.1%	revenues*: 0.4%

* As of 31.12.2020								4
	Chemical		Agricultural		Services		Investment		www.tekfen.com.tr
Tekfen Group	Engineering &
	Contracting	Industry		Production

Tekfen Group

Tekfen's Sustainability Vision

• Tekfen's sustainability vision is conceptually embodied in the group's "Bridging Prosperity" motto. The primary goals of all economic activity are to increase social wellbeing and to improve the quality of life of the individuals who make up a society. Through its operations, Tekfen serves as a bridge that gives individuals access to the essential elements of material comfort while also paving the way to a sustainable future.
• The goal of Tekfen's "Bridging Prosperity" vision is to be able to respond sustainably and flexibly to the changes implied by the redefinition of its business practices which driven by the Megatrends such as Demographic Change, Rise of Technology, and Climate Change/Resource Scarcity.
• Tekfen's vision is also to develop a sustainable business model that embraces its entire value-creation chain and thereby to help contribute to the fulfillment of the United Nations' Sustainable Development Goals.

									5
	Chemical		Agricultural		Services		Investment		www.tekfen.com.tr
Tekfen Group	Engineering &
	Contracting	Industry		Production