Alarko Holding A.s. · BIST:ALARK
Alarko Holding A.s — BNP Paribas Türkiye 2026 Conference
14 slides from Alarko Holding A.s's conference presentation, June 2026
Slide 1: Investor Presentation
Investor Presentation BNP Paribas Türkiye 2026 Conference June 2026
Slide 2: Alarko Holding
Alarko Holding • Founded in 1954 by İshak Alaton and Üzeyir Garih • One of the pioneers in the stock exchange listed since 1974 • Leading industrial experience with more than 70 years Last 3 Month Avg Market Cap* Listed Companies Free Float Volume (in TL mn)* (in TL mn)* Alarko %35.0 41.178 892 Alar
Slide 3: Alarko Holding Overview
Alarko Holding Overview Energy Tourism Industry Land Construction Agriculture Investment & Development Trade Service In All Strong Brand Sector Leading Experience Quality In Service Healthy Adding Value To Areas of Energy & Services With & & Production & The Sector Quality In Service Perfectionist P
Slide 4: Corporate Developments from 2023 to the Present
Corporate Developments from 2023 to the Present: Shareholder in Portfolio Management Perspective Sustainability Focus Alignment of All Integration of SWAP & New Stakeholders Portfolio New Growth Energy Division Around a Oversight Areas Structure Common Objective Selectivity in the Area 360-Degree Sw
Slide 5: Asset Swap Process and Expectations
Asset Swap Process and Expectations Valuation of Existing Businesses Cenal Thermal Power Plant will remain under Cengiz Holding; Meram and all its subsidiaries 01 will be incorporated under Alarko Holding. Formation of the New Structure Obtaining regulatory approvals by 02 • the end of H1 2026 • Com
Slide 6: Transformation in Alarko Holding's Value Creation
Transformation in Alarko Holding's Value Creation 2024 NAV 2026 NAV Before Swap After Swap 14% 9% Power Distribution & Retail 39% → 76% Main value creation with high IRR 39% Asset Swap Portfolio NAV mix — share by segment 76% Power Generation 41% → 4% Power Distribution & Retail 39% → 76% 41% Land D
Slide 7: Power Distribution & Retail: Focused on serving the entire energy sector
Power Distribution & Retail Focused on serving the entire energy sector… Distribution & Retail • Took over Meram through privatization in 2009 by paying 440 mn USD (License Expiry: August 2036) • Covers 6 provinces- 10% of Turkey’s total area • Reaching close to 2,5 mn electricity subscribers every
Slide 8: Power Distribution Retail: Asset Base Supported by Investments
Asset Base Supported by Investments Indicators from Core Business Activities Regulated Asset Base Development (Mn USD) CAGR (TL) %17 %16 135.011 131.985 126.057 123.381 120.428 Power Distribution 1,601 71.975 61.577 & 70.085 63.862 67.296 Retail 10.500,0 10.304,0 12.856 10.907,0 755 11.960 2.509 2.4
Slide 9: Cash Generation Capacity of the Power Distribution Segment
Cash Generation Capacity of the Power Distribution Segment Cumulative Capex Ceiling (Mn USD) Annual Operational Expectations bw 2026-2030 (Mn USD) * 90.000 2,040 12,00% 597 80.000 516 10,8% 10,00% 70.000 60.000 8,00% 355 50.000 7,8% 313 750 6,00% 270 40.000 230 30.000 4,00% 20.000 100 2,00% 73 10.00
Slide 10: Power Generation: Access to full potential via Generation
Power Generation Access to full potential via Generation… Generation • Total of 137 MW installed capacity, all renewable sources • Power Plants; • 2 Hydro (86 MW -%100 Ownership) • 1 Solar (51 MW- %100 Ownership) • BESS Investment • Parntnership with Gotion • A long-term Product Supply Agreement has
Slide 11: Tourism Segment Creating Synergy Together With Land Development Group
Tourism Segment Creating Synergy Together With Land Development Group Portfolio Value (Million USD) * Hillside Fethiye 442 450 2025 Year-End 395 REIT Enerji 331 233 Million USD & Üretim 257 Tourism 227 Hillside Bodrum 2025 Year-End 183 Million USD 2020 2021 2022 2023 2024 2025 11 | Alarko Investor P
Slide 12: A Reliable Future in Agriculture
A Reliable Future in Agriculture We sustainably manage the value chain extending from soil to table • Greenhouse Activities: To conduct greenhouse farming activities based on geothermal energy in Turkey Enerji To expand greenhouse farming activities in Kazakhstan • Fertilizer Activities: Üretim Agri
Slide 13: Journey to Excellence in Agriculture
Journey to Excellence in Agriculture Greenhouse Fertilizer Activities Seed Activities Food Industry Activities Brand Building New Product New Products: Expanded Market Expansion Portfolio Peppers, Marketing Activities Sustainable Shorter Payment Cucumbers, Melons Contract Farming Products Terms and
Slide 14: Thank You
Thank You 14 | Alarko Investor Presentation