Haci Omer Sabanci Holding A.s. · BIST:SAHOL
Haci Omer Sabanci Holding A.s — Hacı Ömer Sabancı Holding A.Ş. — Investor Presentation (May 2026)
29 slides from Haci Omer Sabanci Holding A.s's investor presentation, May 2026
Slide 1: Investor Presentation
Investor Presentation Sustainable, Digital, Scalable Most Honored Company in Emerging EMEA Industrials MAY, 2026 Extel 1 2025
Slide 2: Disclaimer
Disclaimer The information and opinions presented in this document have been compiled by Hacı Ömer Sabancı Holding A.Ş. (“Holding”) from sources deemed reliable and in good faith; however, no representation or warranty, either express or implied, is made regarding their accuracy, completeness, or co
Slide 3: Why Invest in Sabancı?
Why Invest in Sabancı? Best proxy for Türkiye with an expansive global vision Leveraging our DNA and expertise to dynamically manage a portfolio for growth and competitive advantage Ample balance sheet capacity to accelerate portfolio transformation with scalable investments Pioneering in climate tr
Slide 4: Diversified with Market Leading Positions
Diversified with Market Leading Positions 46.4% 53.6% Sabancı Family Free Float BANKING & FINANCIAL SERVICES ENERGY & CLIMATE TECHNOLOGIES % of NAV: 38% % of NAV: 39% SAHOL: 40.7% SAHOL: 40.0% SAHOL: 36.0% SAHOL: 40.0% SAHOL: 50.0% SAHOL: 100% Other: 5.5% Ageas: 40.0% Ageas: 36.0% E.ON: 40.0% E.ON:
Slide 5: Dynamic Portfolio Management to Enable NAV Growth
Dynamic Portfolio Management to Enable NAV Growth Network Optimization Acquisition Sabancı Holding driven NAV growth NAV Growth driven by Group Companies in Building Materials of remaining Acquisition of Business (EUR110mn) 6% stake in Eşarj Oriana Solar LLC (232 MW & 60 MW Commissioning to reach 10
Slide 6: Robust operational momentum driving continued operating profitability
Robust operational momentum driving continued operating profitability Combined Revenue (TL bn)(1) Combined EBITDA (TL bn) Consolidated Net Income/Loss (TL bn) 11.9% 11.0% -9% 0.3 6% 0.2 0.1 440.8 -14% 52.8 49.8 6% 403.3 -3.0 245.5 30.0 212.2 28.4 -2% 7% -0.8 195.3 191.1 21.4 22.8 -3.8 Q1 2025 Q1 202
Slide 7: ROE improving with moderating OCF
ROE improving Return on Equity with moderating OCF 2.8% 1.9% 2.1% 1.0% 1.8% 0.5% Operational Cash Flow, Combined & Non-bank (TL bn)(1) -2.3% -2.1% -4.1% 7.4 -5.1% 5.3 -7.8% -9.7% Q1 2025 Q1 2026 2024 Q1 2025 2025 Q1 2026 Bank Non-Bank Consolidated (1) Excludes Banking, and net cash position of finan
Slide 8: Sustained healthy and flexible balance sheet
Sustained healthy and Non-Bank Capex/Sales (3) flexible balance sheet 13.5% Net Financial Debt to Non-Bank EBITDA(1) Holding Only - Net Cash (TL bn)(2) 11.8% 12.3% 13.5 Policy: ≤ 2x 12.4 10.0% 1.7x 1.6x 1.4x 8.5 2024 2025 Q1 2026 2024 2025 20252 Q1 2026 Column1 2024 2025 Q1 2025 Q1 2026 (1) Excludes
Slide 9: Sustainable and Balanced Dividend Income Between Bank and Non-bank
Sustainable and Balanced Dividend Income Between Bank and Non-bank Dividends Received (TL bn) DPS (TL) Banking & Financial Services Energy & Climate Tech Material Tech 68% 28% Pay-Out Ratio Outflow/Inflow 10.1 5 year 5 year 9.4 on average 8% on average 8.5 15% 13% 7.1 41% 12% 40% 52% 34% 2.94 3.00 2
Slide 10: Top-notch performance in ESG Indices
LOCAL RANK GLOBAL RANK Top-notch performance in ESG Indices CLIMATE CHANGE Among Local and Global Peers WATER SECURITY Sabancı Holding has been awarded with six diamonds by EFQM and won special award of Outstanding Achievement for Sustainability Sabancı Holding is listed in the Sustainability Yearbo
Slide 11: Investments with Attractive Long Term Growth Prospects to Enhance Value
Investments with Attractive Long Term Growth Prospects to Enhance Value Forward Looking EV/EBITDA Energy & Material Digital Climate Technologies Technologies* Technologies 18.8 ~5x 10.6 ~2x 9.0 ~2x ~2x 5.2 3.7 4.0 Conventional Renewables Conventional Advanced Conventional Next Generation Energy Reso
Slide 12: Growth Disciplined by Returns
Growth Disciplined by Returns Consolidated Revenue (USD) and EBITDA Margin(%) Current NAV Breakdown(1) 2019-2024 CAGR Revenue Growth % Sabancı Holding 20 %38 10 0 Peer avg. %1 5- year average %6 -10 EBITDA margin %16 USD10.1bn 4 6 8 10 12 14 16 18 20 22 24 26 28 30 ROE-COE Spread and Net Income Marg
Slide 13: Capital Allocation Framework
Capital Allocation Framework Capital Allocation Discipline Manage the Value Protect & Invest to Grow Deployment Criteria Cash generative assets with High Return platforms with Primary Focus Return Threshold strict capital discipline and scalable economics and clear Sustainability aligned, globally T
Slide 14: More Balanced NAV with a Solid Growth and Higher Return
More Balanced NAV with a 2029 TARGET NAV Solid Growth and Higher Return Energy & Climate Technologies 2019 NAV Current NAV* 38% 19% Digital 1% 14% USD20bn Material 13% 1% Technologies USD6bn 16% USD10.1bn 6% 53% 39% Banking & Financial Services WACC Adjusted Return: +20 bps WACC Adjusted Return: +12
Slide 15: Our Roadmap to Enhance Value
Our Roadmap to Enhance Value 2024-2029 GUIDANCE NET ASSET VALUE (USD)(1) USD20bn WACC ADJUSTED RETURN(2) +120-150bps CAPEX / REVENUES(3) 15 %- 20 % FX SHARE in REVENUES(4) 30 % + NET DEBT / EBITDA(3) ≤2.0 x Decreasing Scope 1 and 2 GHG(5) 42% by 2030 Ratio of Women leaders at Holding 50% by 2030 (1)
Slide 16: Sustainable, Digital, Scalable: Strategic Business Units
Sustainable, Digital, Scalable Strategic Business Units
Slide 17: Energy: Leading Energy Transformation in Türkiye, Exploring New Technologies Globally
Energy: Leading Energy Transformation in Türkiye, Exploring New Technologies Globally Distribution & Retail Generation & Trade Generation & Ventures ๏ Electricity distribution and retail services ๏ Multiple generation technologies and digital ๏ Renewable electricity generation in with ~25% market sh
Slide 18: Digital: Empowering Digital Growth
Digital: Empowering Digital Digital SBU established in March 2023 aligned with the Sabancı Group’s commitment to invest in digital space positioning as a major Growth business pillar for growth Data Center Hybrid Cloud ๏ Hyperscale/ wholesale grade data center ๏ Multi – hybrid Cloud focus focus ๏ Mo
Slide 19: Material Technologies: Transforming into Advanced Materials
Material Composite Insulation & Other Technologies: ๏ Aerospace and automotive industry ๏ High performance PIR insulation Transforming into ๏ Production US, Italy and Türkiye ๏ EPS insulation ๏ Earthquake strengthening ๏ PET based food packaging products Advanced Materials (95% recycled) Cement Conc
Slide 20: Banking: Executing today, transforming for tomorrow
Banking: Executing today, transforming for tomorrow 2028T Customer-centric value creation through non-stop innovation & differentiation by leveraging AI 2026T ROE above inflation through continued risk-return focused growth Next-Gen Generative AI & 2025 Digitalization Effectively navigated challengi
Slide 21: Financial Services: Strong Portfolio Companies in Life, Non-life and Health Businesses
Financial Services: Strong Portfolio Companies in Life, Non-life and Health Businesses Life & Pension Non-Life Health 5 Years CAGR 1st 74% 60+ 2.5 million Green-field competence center In Private Pension AuM focusing on health (+1pp vs. market) Years Experience Customer Technology, organization and
Slide 22: Sustainable, Digital, Scalable: Appendix
Sustainable, Digital, Scalable Appendix
Slide 23: Disciplined Leadership with Extensive Expertise
Disciplined Leadership with Extensive Expertise Kıvanç ZAİMLER BOARD MEMBER & CEO Kıvanç Zaimler has served as CEO and board member of Sabancı Holding since June 1, 2025. Since 2018, as Head of the Sabancı Energy Group, he has chaired the boards of Enerjisa Enerji, Enerjisa Üretim and Sabancı Climat
Slide 24: Diversified and Disciplined Decision-Making Organization Key Policies
Diversified and Disciplined Decision-Making Organization Key Policies Responsible Investment Women in Management Capital Allocation Framework 9 Members Sabancı Holding Sabancı Holding 44%(1) 3 Independent Board of Directors vs. EU Average of 35% 33% Woman CEO Code of Business Ethics Anti-Bribery and
Slide 25: Financials in Detail
Financials in Detail Combined Revenue(1) Combined EBITDA Consolidated Net Income/Loss MILLION TL Q1 2025 Q1 2026 Change Q1 2025 Q1 2026 Change Q1 2025 Q1 2026 Change TOTAL 440,815 403,318 -9% 49,758 52,778 6% -3,847 318 n.m. BANK 245,511 212,175 -14% 28,353 29,963 6% -804 206 n.m. NON-BANK 195,304 1
Slide 26: Dividend Performance
Dividend Performance MILLION TL 2022 2023 2024 2025 2026 Akbank 494 3,666 4,063 2,589 4,666 Akçansa 36 99 457 477 143* Aksigorta - - - - - Agesa - 60 120 400 500 Brisa 270 479 452 283 - Carrefoursa - - - - - Çimsa 109 218 545 327 382 Kordsa 114 41 - - - Teknosa - - - - - Enerjisa Enerji 586 1,087 1,
Slide 27: Sabancı Holding NAV After Independent Valuation Reports
Sabancı Holding NAV After Independent Valuation Reports USD mn April 2026 December 2025 Companies Free Float Direct Stake Valuation Method Mcap Value to Sabancı Holding % of NAV Value to Sabancı Holding % of NAV Akbank 54% 41% Market value 8,464 3,449 33.0% 3,452 35.1% Enerjisa Enerji 20% 40% Market
Slide 28: Proactive and Transparent Investor Relations
Proactive and Among Emerging EMEA 4 Years in a Row Transparent Investor Relations Best Best Best Company CEO CFO Board Most Honored Most Honored Company in the Company in the Best IR Emerging EMEA Best Team Emerging EMEA in Investor Program Relations 2025 2024 Grand Prix Grand Prix Best Team in Best
Slide 29: Investor Relations
Meet SirA, Sabancı Holding's digital Earnings Investor Presentation - ir.sabanci.com investor relations assistant ! Presentation Group Strategy Türkiye’s First Investor Relations Dedicated Assistant ! SBU Presentation – Energy & Capital Markets 2024 Annual Climate Technologies Day 2024 Report Kerem
Hacı Ömer Sabancı Holding A.Ş. — Investor Presentation (May 2026) on 6ix