Tekfen Anonim Sirketi : Company Presentation August 2023

Tekfen Holding Investor Presentation August 2023

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		2019 Acquisition of 10%
Tekfen Holding	Tekfen Engineering	Ekspres	Acquisition of EFG	share of SOCAR Polimer
				Istanbul Securities
1975 Iraq-Turkey	1989 Tekfenbank	2003	Tekfen Tower		Acquisition of Gonen
pipeline	Acquisition of Akgübre	opens	IPO of Tekfen Holding	Yenilenebilir Enerji
	fertilizer
1978 Tekfen		2005	Acquisition of
Construction goes	1992 Tekfen	Samsun Gübre fertilizer
overseas	Philarmonics	plant
		2006	Completion of BTC		2
		crude oil pipeline

Tekfen Group

Engineeing & Contracting

Agricultural

Industry

Investment

www.tekfen.com.tr

Tekfen Group

Corporate Governance

Ownership structure

Share Classes

Akçağlılar,

6,65%

Berker,

23,55%Free Float,

49,74%

Gökyiğit,

20,06%

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

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Tekfen Group

At a glance

Engineering & Contracting		Agricultural Industry		Investment

Main Operations:

• Construction
• Engineering
• Fabrication
• Real Estate Development

Main Companies:

• Tekfen Construction
• Tekfen Engineering
• Tekfen Manufacturing & Engineering
• GATE Construction
• HMB Hallesche Mitteldeutsche Bau-A.G. (HMB)

Revenues: TRY11.0bn

EBITDA: TRY661mn

Share in consolidated revenues*: 35.7%

Main Operations:

• Fertilizer production & distribution
• Terminal services
• Free zone operations
• Seed, sapling and seedling production & distribution
• Agricultural production & trade

Main Companies:

• Toros Agri Industry & Trade
• CFS Petrochemicals
• Gonen Energy
• Agroport
• TAYSEB
• Toros Shipping
• Tekfen Agriculture & Trade
• Alanar Fruit & Alanar Sapling

Revenues: TRY19.6bn

EBITDA: TRY2.7bn

Share in consolidated revenues*: 63.8%

Main Operations:

• Venture Capital
• Petrochemical
• Real Estate Investment
• Rental Activities
• Insurance

Main Companies:

• Tekfen Ventures
• Tekfen Holding
• Tekfen Real Estate Investment
• Socar Polymer
• Tekfen Insurance
• Tekfen Tourism

Revenues: TRY149mn

EBITDA: -TRY105mn

Share in consolidated revenues*: 0.5%

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* As of 31.12.2022

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.

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