Unlu Yatirim Holding A.s. · BIST:UNLU

Unlu Yatirim Holding A.s — ÜNLÜ Yatırım Holding A.Ş. — Q1 2025 Earnings Presentation

25 slides from Unlu Yatirim Holding A.s's earnings presentation, May 2025

  1. Slide 1: ÜNLÜ Yatırım Holding A.Ş. 1Q25 Financial Results

    ÜNLÜ Yatırım Holding A.Ş. 1Q25 Financial Results Investor Relations May 2025 © 2025 ÜNLÜ & Co | All Rights Reserved

  2. Slide 2: Disclaimer on IAS 29

    Disclaimer on IAS 29 With its decision dated 28.12.2023 numbered 81/1820, Capital Markets Board (“CMB”) of Türkiye announced that the issuers and capital market institutions which are subject to the financial reporting regulations of the Capital Markets Board shall prepare their annual financial sta

  3. Slide 3: Agenda

    Agenda Page 2025 Q1 Financial Results: Key Takeaways 4 I. Financial Statements and Performance 5 II. Developments by Business Lines 12 III. Sustainability 17 IV. Appendices 21 About ÜNLÜ & Co 22 Shareholder Structure and Group Companies 23 Disclaimer 24 © 2025 ÜNLÜ & Co | All Rights Reserved 3

  4. Slide 4: 1Q25 Results: Key Takeaways

    1Q25 Results: Key Takeaways TL 4,177 mn Important Themes TL 530,6 mn Revenues (*) Total Assets The negative impact of inflation on financial 1Q25: TL 866,7 mio, -39% y/y statements is expected to decrease in 2025. -%6,9 ytd The share of recurring revenues in Q1 constituted 99% of total revenues (1Q2

  5. Slide 5: I. Financial Statements and Performance

    I. Financial Statements and Performance © 2025 ÜNLÜ & Co | All Rights Reserved

  6. Slide 6: ÜNLÜ Yatırım Holding A.Ş. as of end of 1Q25

    ÜNLÜ Yatırım Holding A.Ş. as of end of 1Q25 ₺ 464,3 mn ₺ 145 mn 99% Core Revenues Net Loss Share of Recurring Revenues ₺ 4,177 mn ₺ 2,414 bn 13% Total Assets Shareholders’ Equity EBITDA Margin ₺ 30,5 bn ₺ 13 bn ₺ 128,8 mn ₺ 5,7 bn DAHA AuC (*) Portfolio Alternative NPL Portfolio (*): Assets Under Co

  7. Slide 7: Financial Statements and Performance

    Financial Statements and Performance In 1Q25, the Company’s Core Revenues (*) decreased by 41% y/y and reached TL 464.3 mn. Net Loss is TL 145 mn. Summary Income Statement (TL) 3M25 3M24 D YoY Core operating revenues 464.3 784.7 -41% ? IAS 29 Impact Marketing, selling and distribution expenses -31.2

  8. Slide 8: Financial Statements and Performance

    Financial Statements and Performance As of end of 1Q25; Total Revenues (*) at TL 464,3 mn, EBITDA at TL 68,1 mn, Profit Before Monetary Loss and Tax at TL 18.5 mio, Net Loss at TL 145 mn. EBITDA Margin is 13%, Profit Margin is -27%. Operational profitability 3M25 3M24 DYoY In the first quarter of 20

  9. Slide 9: Financial Statements and Performance

    Financial Statements and Performance As of end of 1Q25, consolidated assets are TL 4,177 mn, shareholders’ equity is TL 2,414 mn. Summary Balance Sheet (TL mn) 3M25 12M24 D YtD ? IAS 29 Impact Total Assets 4,177 4,487 -6.9% Current Assets 2,540 2,977 -14.7% Fixed Assets 1,637 1,510 8.4% High Liquidi

  10. Slide 10: Financial Statements and Performance

    Financial Statements and Performance 2018 2019 2020 Revenues from business lines reached TL 464,3 mn by the end of 1Q25 (y/y -41%). The admiral ship for the period was the NPL business line. Asset Management’s contribution to revenues continued to increase. Revenues by Business Line (TL mn) 3M25 3M2

  11. Slide 11: Financial Statements and Performance

    Financial Statements and Performance Revenues from NPL Business Line (Comparative Table) 2018 2019 2020 (000 TL)* İstanbul Varlık Gelecek Varlık Sümer Varlık Birikim Varlık Collections 163,280 1,259,507 345,786 226,624 Net Profit 73,051 351,639 266,507 78,392 Net Profit Margin 44.74% 27.92% 77.07% 3

  12. Slide 12: II. Developments by Business Lines

    II. Developments by Business Lines © 2025 ÜNLÜ & Co | All Rights Reserved

  13. Slide 13: NPL Business Line

    NPL Business Line 1Q25 Financial Results (w/o IAS 29, financials submitted to BRSA were taken into account) NPL Sector 1Q25 Collections: TL 163.3 mn 2021: TL 5,6 bn NPL sales 2022: TL 7,6 bn NPL Business Line Performance 2023: TL 12,5 bn Total investments in 2025: TL 102.2 mn 2024: TL 32,2 bn, 1Q25

  14. Slide 14: Corporate Finance Business Line

    Corporate Finance Business Line 1Q25 Revenues: TL 4,6 mn (y/y -94%) M&A Transactions 1Q24 Revenues: TL 81,5 mn In Q1, Burgeon/Vivacy transaction was signed. Corporate Finance Revenues ÜNLÜ & Co’s M&A pipeline continued to remain strong. Number of M&A projects actively worked on: 20 IPO There are mul

  15. Slide 15: Investment Advisory: DAHA and Fund Management

    Investment Advisory: DAHA and Fund Management 1Q25 Revenues: TL 109,7 mn DAHA Thanks to our new mobile application «Piapiri», which we introduced in line with our DAHA: TL 85,4 mn (y/y -27%) Digitalization Strategy, our customer onboarding from digital channels accelerated and 95,04% of the accounts

  16. Slide 16: Institutional Sales Business Line

    Institutional Sales Business Line 1Q25 Revenues: TL 42,7 mn Performance of the Business Line Recurring Revenues : TL 42,7 mn (y/y +31%) In 1Q25, the recurring revenues of the Institutional Sales business line amounted to TL 42.7 million, all of which were recurring Other Revenues(*) : “0” (1Q24: TL

  17. Slide 17: III. Sustainability

    III. Sustainability © 2025 ÜNLÜ & Co | All Rights Reserved

  18. Slide 18: ÜNLÜ & Co – Sustainability

    ÜNLÜ & Co – Sustainability "ÜNLÜ & Co has published its first sustainability report with the goal of contributing to a sustainable future. You can access the 2023 Sustainability Report, prepared with the motto “Our unique mark towards a sustainable future” on the company's website. As an organizatio

  19. Slide 19: ÜNLÜ & Co – Sustainability

    ÜNLÜ & Co – Sustainability "In collaboration with Türkiye Entrepreneurship Foundation (GİRVAK), a comprehensive training program is offered for start-ups/ventures who have female founders or co-founders." Results of the ÜNLÜ & Co Women's Technology Entrepreneurs Academy 2023-2024 term: • 14 investor

  20. Slide 20: ÜNLÜ & Co – Sustainability: Awards and Partnerships

    ÜNLÜ & Co – Sustainability Our Featured Awards ÜNLÜ & Co's Prominent NGO and 2024 MERGERMARKET EUROPEAN M&A AWARDS Association Partnerships •Financial Advisor of the Year in Türkiye 2024 EUROMONEY SECURITIES HOUSES AWARDS •Best Securities Company in Türkiye CAPITAL MAGAZINE MOST LIKED COMPANIES RESE

  21. Slide 21: IV. Appendices

    IV. Appendices © 2025 ÜNLÜ & Co | All Rights Reserved

  22. Slide 22: ÜNLÜ & Co – Pioneer in the Sector with its Entrepreneurial History

    ÜNLÜ & Co – Pioneer in the Sector with its Entrepreneurial History 4 Major Business Lines: NPL, Investment Advisory, Corporate Finance and Institutional Sales Pioneering initiatives, Reputable Name DAHA #1 Turkey’s first independent M&A Corporate Finance advisory firm NPL and Investment M&A Advisory

  23. Slide 23: ÜNLÜ & Co – Ownership and Group Structure

    ÜNLÜ & Co – Ownership and Group Structure* ÜNLÜ Portföy UFT Publicly Traded Mahmut L. ÜNLÜ Equity Private (Other) Hedge Fund %35,57 %54,48 %9.95 %100 %32,5 %100 %100 %100 %100 Turkish Alternative ÜNLÜ Portföy ÜNLÜ Menkul İSTANBUL Varlık Piapiri Teknoloji 212 LTD Investments Yönetimi A.Ş. Değerler A.

  24. Slide 24: Disclaimer

    Disclaimer This presentation or report has been prepared by ÜNLÜ Yatırım Holding A.Ş. and its affiliates («ÜNLÜ & Co») for information purposes and the information in its content must be considered strictly confidential. It cannot be partially or completely reproduced, copied, used for any other pur

  25. Slide 25: Investor Relations

    Investor Relations Ahi Evran Cad. Polaris Plaza No: 21 İç Kapı No: 11 34485 Maslak, Sarıyer - İstanbul, Türkiye T : +90 (212) 367 36 36 | F : +90 (212) 346 10 40 | E : investor.relations@unluco.com © 2025 ÜNLÜ & Co | All Rights Reserved 25

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