Gedik Yatirim Menkul Degerler A.s. · BIST:GEDIK
Gedik Yatirim Menkul Degerler A.s — Gedik Yatırım Menkul Değerler A.Ş. — Gedik Investment Institutional Investor Summit 2026
27 slides from Gedik Yatirim Menkul Degerler A.s's conference presentation, Jun 24, 2026
Slide 1: Institutional Investor Summit Notes
Gedik Investment Institutional Investor Summit Notes June 24, 2026 Meeting Notes from our Summit on June 18’th, 2026
Slide 2: Institutional Investor Summit Notes
Institutional Investor Summit Notes ▪ Agesa Hayat Emeklilik ▪ Ahlatcı Doğal Gaz Dağıtım Enerji ve Yatırım ▪ Aksa Enerji ▪ Aksigorta ▪ Alarko Holding ▪ Aselsan ▪ Büyük Şefler Gıda ▪ Doğan Holding ▪ Gülermak Ağır Sanayi ▪ Gür-Sel Turizm Taşımacılık ve Servis ▪ Kalyon Güneş Teknolojileri ▪ Kardemir ▪ K
Slide 3: Agesa Hayat Emeklilik
Brief Notes on Participating Companies Agesa Hayat Emeklilik ➢ Agesa highlighted that its business model, built on long-term customer relationships, provides a more predictable and stable growth profile within the life insurance and pension sectors, and that the company has consistently delivered ea
Slide 4: Ahlatcı Doğal Gaz Dağıtım Enerji ve Yatırım
Brief Notes on Participating Companies Ahlatcı Doğal Gaz Dağıtım Enerji ve Yatırım Stock Data AHGAZ Sector OIL GAS ➢ Ahlatcı Doğal Gaz is Türkiye's third-largest natural gas distributor by subscriber count and volume. Organic Price (TL/share) 35,54 growth continues as penetration within existing ser
Slide 5: Aksa Enerji
Brief Notes on Participating Companies Aksa Enerji Stock Data AKSEN ➢ Aksa Enerji is one of Türkiye's largest independent power producers and has driven its growth primarily Sector ENERGY through international investments in recent years. As of today, the company has reached approximately Price (TL/
Slide 6: Aksigorta
Brief Notes on Participating Companies Aksigorta Stock Data AKGRT ➢ Management highlighted that the strategic transformation process between Agesa and Aksigorta has Sector INSURANCE started to generate tangible results as of 2026 and is expected to deliver more visible financial benefits Price (TL/s
Slide 7: Alarko Holding
Brief Notes on Participating Companies Alarko Holding Stock Data ALARK ➢ Alarko Holding has been undergoing a significant transformation over the past two years. The holding Sector CONSTRUCTION company has largely exited its contracting business and is increasingly focusing on agriculture, electrici
Slide 8: Aselsan
Brief Notes on Participating Companies Aselsan Stock Data ASELS ➢ Management targets at least USD11bn of new order intake in 2026, of which at least USD3bn is expected to Sector IT come from exports. Following a record USD20bn backlog at the end of 2025 (+46% YoY), Aselsan expects Price (TL/share) 3
Slide 9: Büyük Şefler Gıda
Brief Notes on Participating Companies Büyük Şefler Gıda Stock Data BIGCH ➢ ➢ As of 1Q26, the company operated a total of 132 branches, including 113 BigChefs, 9 NumNum, 8 Sector Consumer Services Buselik, and 2 Kont locations, with a significant portion of the network operating under a franchise mo
Slide 10: Doğan Holding
Brief Notes on Participating Companies Doğan Holding Stock Data DOHOL ➢ The key takeaway from the meeting was that management continues to support Holding NAV growth Sector CONGLOMERATES through insurance, mining and Karel in the near-to-medium term, while Daiichi's IPO, improving technical Price (T
Slide 11: Gülermak Ağır Sanayi
Brief Notes on Participating Companies Gülermak Ağır Sanayi Stock Data GLRMK ➢ Gülermak is a well-established engineering company with 68 years of experience, involved in a wide range Sector CONSTRUCTION of large-scale infrastructure projects in Türkiye and international markets, spanning from rail
Slide 12: Gür-Sel Turizm Taşımacılık ve Servis
Brief Notes on Participating Companies Gür-Sel Turizm Taşımacılık ve Servis Stock Data GRSEL ➢ Gürsel operates across employee and student transportation, chauffeured vehicle rental, and public Sector TOURISM transit concessions internationally. The business model blends an asset-light supplier-base
Slide 13: Kalyon Güneş Teknolojileri
Brief Notes on Participating Companies Kalyon Güneş Teknolojileri Stock Data KLYPV ➢ Kalyon PV has approximately 2.1 GW of cell production capacity and 2.0 GW of module production Sector ENERGY capacity. The Company operates with a fully integrated manufacturing structure, carrying out ingot, wafer,
Slide 14: Kardemir
Brief Notes on Participating Companies Kardemir Stock Data KRDMD Sector ➢ Management expects 2Q26 operating profitability to improve vs. 1Q26, supported by recovering product prices, STEEL & IRON Price (TL/share) 41,32 while higher coal costs remain largely mitigated by annual contracts. 1Q26 was ch
Slide 15: Kocaer Çelik
Brief Notes on Participating Companies Kocaer Çelik Stock Data KCAER ➢ The key takeaway from the meeting was that the working capital pressure seen in 1Q26 appears temporary, Sector STEEL & IRON driven largely by shipment delays from March into April, which should support 2Q26 financials. Over the m
Slide 16: Koton Mağazacılık Tekstil
Brief Notes on Participating Companies Koton Mağazacılık Tekstil Stock Data KOTON ➢ As of 1Q26, Koton operated a total of 464 stores, consisting of 205 domestic company-owned, 33 Sector Textile & Apparel domestic franchise, 150 international company-owned and 76 international franchise stores. Price
Slide 17: Mavi Giyim
Brief Notes on Participating Companies Mavi Giyim Stock Data MAVI ➢ Management remains constructive on the outlook despite a challenging consumer environment. Gross Sector Textile & Apparel margins are tracking ahead of expectations, cash generation is stronger than planned and inventory levels Pric
Slide 18: Petkim
Brief Notes on Participating Companies Petkim Stock Data PETKM Sector OIL GAS ➢ Petkim is Türkiye's only integrated petrochemical producer, with a significant portion of its output sold to Price (TL/share) 20,26 the domestic market. The company's performance is largely driven by naphtha costs, petro
Slide 19: Şok Marketler Ticaret
Brief Notes on Participating Companies Şok Marketler Ticaret Stock Data SOKM ➢ Management highlighted three key growth pillars for Şok Marketler: the expansion of the Şok 2.0 store format, Sector RETAIL Price (TL/share) 48,26 increasing penetration of the Win loyalty programme, and continued growth
Slide 20: Tav Havalimanları
Brief Notes on Participating Companies Tav Havalimanları Stock Data TAVHL ➢ The jet fuel business in Almaty has become a strategic drag. The Kazakh government's policy of Sector AIRLINES AND GROUND HANDLING supplying subsidized fuel to non-Kazakh carriers triggered a price war that compressed margin
Slide 21: Tofaş
Brief Tofas Notes on Participating Companies Stock Data TOASO ➢ LV market is expected to exceed 100k units again in Jun26, suggesting that domestic demand remains resilient. Sector AUTOMOTIVE Management believes that the risks around the production and operational outlook — which was already revised
Slide 22: Tüpraş
Brief Notes on Participating Companies Tüpraş Stock Data TUPRS ➢ The outlook for Tüpraş in the second quarter has improved significantly compared to expectations at the Sector OIL GAS beginning of the year. In March, middle-distillate margins reached historically strong levels, particularly Price (T
Slide 23: Türk Hava Yolları
Brief Notes on Participating Companies Türk Hava Yolları Stock Data THYAO ➢ The second quarter is tracking ahead of initial expectations. Jet fuel costs have retreated to ~US$920/ton Sector AIRLINES AND GROUND HANDLING in Jun’26, well below the US$1,300–1,400 originally budgeted for the full year. M
Slide 24: Ulusal Faktoring
Brief Notes on Participating Companies Ulusal Faktoring Stock Data ULUFA ➢ Ulusal Faktoring operates one of the largest branch networks in the sector, with 48 branches across 39 Sector LEASING AND FACTORING provinces, accounting for approximately 11% of the industry's total branch count. The company
Slide 25: Yapı Kredi Bankası
Brief Notes on Participating Companies Yapı Kredi Bankası Stock Data YKBNK Sector BANKING ➢ The increase in the market rates, following the USA-Iran conflict resulted in a spike in TL cost of funding Price (TL/share) 43,84 resulting a pressure on 2Q NIM. On the other hand, the Bank’s NIM in 1Q widen
Slide 26: Research Team
Gedik Investment Research Team Ali Kerim Akkoyunlu Research Director Food & Beverage, Catering, Clothing Retail, Defence, Food Retail, Furniture ali.akkoyunlu@gedik.com Serkan Gönençler Chief Economist Macro Economy, Strategy serkan.gonencler@gedik.com Umut Öztürk Manager Auto Parts, Chemicals, Cont
Slide 27: Gedik Investment
GedikInvestment 35th year
Gedik Yatırım Menkul Değerler A.Ş. — Gedik Investment Institutional Investor Summit 2026 on 6ix