Enka Insaat Ve Sanayi A.s. · BIST:ENKAI
Enka Insaat Ve Sanayi A.s — Q1 2026 Earnings Presentation
45 slides from Enka Insaat Ve Sanayi A.s's earnings presentation, May 2026
Slide 1: 1Q 2026 presentation
1Q 2026 presentation 1/45
Slide 2: Introduction
Introduction 69 years of engineering & construction 596 projects in 61 countries have been completed or under construction with experience historical value of US$ 68.8 billion worldwide Employs circa 25,000 personnel worldwide Among the world’s top contractors since 1981 (Engineering News-Reco
Slide 3: Commitments
Commitments Our Mission Our Vision Our Values to design, build and deliver safe, to be one of the best and innovative define how we do work at ENKA. We will not high-quality, and cost-effective engineering & construction companies undertake or execute a project which construction projects on schedul
Slide 4: Sustainability
Sustainability ENKA, which operates in different sectors such as engineering and construction, energy, real estate and trade in many different geographies, has made a commitment to serve sustainable development in all its operations. The approach which ENKA has adopted to corporate sustainability is
Slide 5: Our Business & Principles
Sustainability Our Business & Principles Maintains an Ethics & Compliance Program to Combines its engineering expertise with cutting- ensure open, honest and transparent communication edge applications to benefit both the international with all stakeholders in accordance with applicable communit
Slide 6: Our People & Community
Sustainability Our People & Community Respects human rights and assesses the human Assesses potential health and safety impacts of its rights impacts of its investments and operations as services and products and eliminates any potential part of its social impact assessment process. adverse impa
Slide 7: Our Planet
Sustainability Our Planet Assesses, measures and reports its environmental Implements a waste management approach by impacts and develops plans and procedures to prioritizing elimination at its source and increasing reduce them. reuse and recycling in its businesses and promoting circular practi
Slide 8: Shareholding
SHAREHOLDING As of March 27, 2026 52,10% TARA FAMILY 8,33% FREE FLOAT AND OTHERS 31,41% 5,87% GÜLÇELİK FAMILY ENKA FOUNDATION * 1,20% out of 9,56% Free Float belongs to Tara Family members 8/45
Slide 9: Financial Highlights
Financial Highlights 1Q 2026 2025 2024 2023 TOTAL ASSETS 11.421 11.508 10.304 9.408 TOTAL EQUITY 8.708 8.710 7.920 7.325 CASH & MARKETABLE 5.473 5.725 5.520 5.195 SECURITIES REVENUE 822 3.966 3.065 3.226 EBITDA 185 858 706 647 EBITDA MARGIN (%) 22,5 21,6 23,0 20,1 NET PROFIT 78 917 753 714 NET MARGI
Slide 10: Revenues by Business Lines
REVENUES BY BUSINESS LINES 1Q 2026 2025 2024 2023 USD % USD % USD % USD % CONSTRUCTION 578 70,3 2.686 67,7 2.254 73,5 2.042 63,3 POWER GENERATION 90 10,9 674 17,0 328 10,7 701 21,7 REAL ESTATE 117 14,2 400 10,1 335 10,9 324 10,0 TRADE 64 7,8 308 7,8 279 9,1 277 8,6 ELIMINATION (27) (3,3) (102) (2,6)
Slide 11: EBITDA by Business Lines
EBITDA by Business Lines 1Q 2026 2025 2024 2023 USD % MRG USD % MRG USD % MRG USD % MRG CONSTRUCTION 112 61 19 492 57 18 496 60 19 346 53 17 POWER GENERATION (3) (2) (4) 52 6 8 10 1 3 5 1 1 REAL ESTATE 61 33 52 239 28 60 206 29 61 220 34 68 TRADE 15 8 24 75 9 24 66 9 24 75 12 27 ELIMINATION 0 0 0 0
Slide 12: Share Capital Increases
12/33 Share Capital Increases PREVIOUS SHARE INCREASED SHARE DATE INCREASE INCREASE (%) CAPITAL CAPITAL 25.02.2012 2.500 300 12,00 2.800 12.06.2013 2.800 400 14,29 3.200 21.05.2014 3.200 400 12,50 3.600 06.05.2015 3.600 400 11,11 4.000 23.05.2016 4.000 200 5,00 4.200 27.04.2017 4.200 400 9,52 4.600
Slide 13: Dividend Payments
13/33 Dividend Payments Amounts in Millions * Dividend Paid to Founder Shares 13/45
Slide 14: Share Buyback
Share Buyback YEAR ACTION SHARE AMOUNT EQUITY PERCENTAGE 2016 SHARE BUYBACK 8,4 Million 4,2 Billion 0,20% 2017 SHARE BUYBACK 9,2 Million 4,6 Billion 0,20% 2018 SHARE BUYBACK 30,0 Million 5,0 Billion 0,60% 2019 SHARE BUYBACK 40,0 Million 5,0 Billion 0,80% 2020 SHARE BUYBACK 37,5 Million 5,6 Billion 0
Slide 15: Awards & Recognition
Awards & recognıtıon ENKA has once again secured its place on the prestigious ENR Top 250 ENKA was named ”The Most Admired Construction Company of Türkiye” 10 International Contractors list for the 44th consecutive year. In the 2025 ENR years in a row by Turkish business and economics magazine “
Slide 16: HSSE Achievements
Hsse achıevements Dradenau Combined Heat and Power Plant Samawa 750 MW CCPP – Phase I The “Merit” award at the International Safety Awards 8,200,000 Person-Hours without LTI by the British Safety Council in 2025 Achieved Distinction in International Safety Awards by British Safety Council Misu
Slide 17: Engineering & Construction
ENGINEERING & CONSTRUCTION ENKA provides full range of design and engineering, procurement, in-house fabrication, modularization construction, commissioning and start-up, operation and maintenance, and project management services (EPCC, EPC, PC or C only) in the following sectors: OIL, GAS & Power P
Slide 18: Backlog
BACKLOG All figures given above are in Million US Dollars The group «Others» consists of the following countries: Australia, Bahamas, Canada, China, France, Malesia, Morocco, Nigeria, Puerto Rico, Qatar, Russia, Saudi Arabia, Spain, Sweden, Taiwan and United Arab Emirates 18/45
Slide 19: Central Processing Facility of AGUP Phase 2
THE CENTRAL PROCESSING FACILITY OF ASSOCIATED GAS UPSTREAM PROJECT (AGUP) PHASE 2 PROJECT DESCRIPTION The contract covers the design and construction of a new facility capable of handling a peak production of 221,000 barrels of oil per day (210,000 bpd at 95% availability). The Central Processing Fa
Slide 20: Nasiriyah 921.8 MW Combined Cycle Power Plant
NASIRIYAH 921.8 MW COMBINED CYCLE POWER PLANT PROJECT DESCRIPTION The consortium formed by our 100% owned subsidiary Entrade GmbH and Siemens Energy Global GmbH & Co. KG has signed a turnkey contract with the Ministry of Electricity of Iraq for the construction of a 921.8 MW natural gas combined cyc
Slide 21: Bazian-II Power Plant Conversion Project
BAZIAN-II POWER PLANT CONVERSION PROJECT PROJECT DESCRIPTION ENKA has signed a lump sum turnkey contract with Taurus Arm for Power Generation for the conversion of the existing Bazian power plant into a combined cycle facility, located in Sulaymaniyah, Iraq. The project involves the conversion of an
Slide 22: Low Carbon Hydrogen Production Plant
LOW CARBON HYDROGEN PRODUCTION PLANT PROJECT DESCRIPTION On January 15th, 2025, ENKA UK Construction Ltd., a subsidiary of ENKA İnşaat ve Sanayi A.Ş., and Essar Energy Transition (EET) Hydrogen, signed a contract for the UK’s leading large-scale Low Carbon Hydrogen Production Plant (HPP1) at the Sta
Slide 23: Propylene Splitter Unit Project İzmit & İzmir Refineries
Propylene Splitter Unit Project İzmİt & İzmİr Refineries PROJECT DESCRIPTION ENKA signed contracts with TÜPRAŞ (Türkiye Petrol Rafinerileri A.Ş.) for the Propylene Splitter Unit Project for İzmit Refinery and İzmir Refinery on 24.04.2024. ENKA will carry out the detailed engineering, procurement, co
Slide 24: Morava Corridor Motorway
2024 IRF GLOBAL ROAD ACHIEVEMENT AWARD FOR Morava Corridor Motorway ENVIRONMENTAL STEWARDSHIP PROJECT DESCRIPTION ENKA and its joint venture partner Bechtel have been selected by the Government of the Republic of Serbia to design and build the 112 km Morava Corridor Motorway Project which will conne
Slide 25: Corridors 8 & 10d Motorway
Corrıdors 8 & 10d Motorway PROJECT DESCRIPTION ENKA, with its joint-venture partner Bechtel, will build 109 km Corridor 8 & 10d Motorway Project in North Macedonia and will complete it within 5 years. Corridor 8 (Tetovo – Gostivar - Bukojcani and Trebenista – Struga - Kjafasan Motorway section) is a
Slide 26: Hinkley Point C Turbine Island Piping Works
Hinkley Point C Nuclear Power Plant Turbine Island Piping Prefabrication & Erection Works and Insulation & Painting Works PROJECT DESCRIPTION ENKA UK Construction Ltd., a subsidiary of ENKA İnşaat ve Sanayi A.Ş., is contracted by one of the main contractors on the HPC Site to prefabricate, install a
Slide 27: Shotton Paper Mill Project
SHOTTON PAPER MILL PROJECT PROJECT DESCRIPTION ENKA signed a contract for the construction of a Paper Mill Factory on the Dee Estuary in Flintshire, North Wales for Shotton Mill Limited owned by Modern Karton/EREN Holding, one of the biggest manufacturers of paper, cardboard and corrugated packaging
Slide 28: Dradenau Combined Heat and Power Plant
Dradenau Combıned Heat and Power Plant PROJECT DESCRIPTION On 15 September 2021, The ARGE Uniper-ENKA Dradenau (UEJV) partnership signed a contract with Hamburger Energiewerke GmbH (former Wärme Hamburg GmbH) for the turnkey construction of approximately 180 MW electric and district heating capacity
Slide 29: Stade LNG Regasification Terminal
Stade Liquefied Natural Gas Regasification Terminal PROJECT DESCRIPTION ENKA’s wholly owned subsidiary Entrade GmbH, in a consortium formed together with Técnicas Reunidas and FCC Industrial, has signed an EPC (Engineering, Procurement and Construction) contract with the Hanseatic Energy Hub company
Slide 30: Temane 456 MW Independent Power Plant
TEMANE 456 MW INDEPENDENT POWER PLANT PROJECT DESCRIPTION ENKA signed a contract with Central Térmica De Temane S.A. (CTT) for construction works and services related to the 456 MW Temane Independent Power Plant Project in Temane, Mozambique. The project is scheduled for completion within 23 months.
Slide 31: Engineering & Fabrication
Visit website ENGINEERING & www.cimtas.com FABRICATION ÇİMTAŞ, a subsidiary of ENKA, is a leading provider of integrated engineering, procurement, welded fabrication, assembly and installation solutions for top-tier global customers. ÇİMTAŞ was incorporated in 1973 in Türkiye as a local steel fabric
Slide 32: Engineering & Fabrication
ENGINEERING & FABRICATION ÇİMTAŞ provides the following services for Power, Oil & Gas, Chemicals, Offshore, Mining & Metals Industries: Engineering (Structural, Pressure Vessels, Piping, Plant Engineering) Manufacturing (LSAW Pipes, Fittings, Flanges & Branch Connections) and Fabrication (7 shop
Slide 33: Foundation Engineering
Foundatıon Visit website engıneerıng www.kasktas.com.tr KASKTAŞ, wholly owned subsidiary of ENKA, was established in 1957 as the piling group of ENKA. Having a vast and modern machinery and equipment fleet, KASKTAŞ has the ability to fulfill diverse requirements in the field of geotechnical engineer
Slide 34: Real Estate
Real estate ENKA designed, developed and now operates 1.35 million m² of real estate assets in Russian Federation, including A-class offices occupied by dozens of international tenants, shopping malls, a 5 star luxury hotel. All assets are located in Moscow, except 1 shopping TYPE NET LEASABLE AREA
Slide 35: Real Estate
Real estate RENTAL YEAR EBITDA EBITDA MARGIN REVENUE 1Q 2026 117 61 52,1% 2025 400 239 59,8% 2024 335 206 61,5% 2023 324 220 67,9% 2022 344 194 56,4% 2021 304 194 63,8% 2020 289 187 64,7% All figures given above are in Million US Dollars. 35/45
Slide 36: Data Centers
DATA CENTERS New Investments ENKA Data Solutions will operate next-generation data centers, delivering reliability, connectivity, and performance at scale. Tuzla Data Center As part of the Data Solutions portfolio, the construction of a data center in Tuzla, İstanbul is currently underway, with an I
Slide 37: Power Generation
Visit website POWER GENERATION www.enkapower.com ENKA is the leading electricity generator (IPP) with its power plants located in Gebze, Adapazarı and İzmir in Türkiye. The gas fired combined cycle plants have a total installed capacity of 4,000 MW. ENKA’s power plants are among Türkiye’s earliest a
Slide 38: Power Generation: Kırklareli Combined Cycle Plant
POWER GENERATION New Investment Project ENKA Kırklareli Combined Cycle Power Plant The new investment project is fully owned by ENKA and has been financed by equity. The power plant is located in Kırklareli Babaeski. Approximately 200 kilometers away from Istanbul. It has a total production capacity
Slide 39: Power Generation: Kameno Solar Plant
POWER GENERATION Kameno Solar Photovoltaic Power Plant Town Up 8 LTD., a wholly owned subsidiary of ENKA, has developed a 45 MWp Solar Photovoltaic Power Plant in Burgas, Bulgaria. The plant is expected to generate approximately 63 GWh of clean electricity annually, supporting regional decarbonizati
Slide 40: Türkiye's Generation by Source
POWER GENERATION TÜRKİYE’S GENERATION 2024 2025 CHANGE Billion Kwh % Billion Kwh % Kwh COAL 122.2 38.1 121.4 37.6 HYDRO 74.6 23.3 57.2 17.7 NATURAL GAS 63.4 19.8 78.4 24.3 WIND 36.5 11.4 39.2 12.2 GEOTHERMAL 10.2 3.2 10.6 3.3 OTHERS 14.6 4.5 17.6 5.5 INTERNATIONAL [NET] (0.9) (0.3) (2.0) (0.6) TOTAL
Slide 41: Türkiye Electricity Consumption History
POWER GENERATION BILLION Kwh CHANGE % 10% 300 8% 6% 250 4% 200 2% 0% 150 -2% 161 175 190 198 194 210 230 242 246 255 264 275 290 292 290 291 315 311 309 321 322 100 -4% 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 41/45
Slide 42: Enka Pazarlama
tRADE Visit website Enka pazarlama www.enka.com.tr ENKA Pazarlama is a leader in the supply of heavy construction and lifting equipment and machinery and industrial machinery. It serves the whole of Türkiye through its five regional branches, one sales office, one liaison office and 65 dealers. ENKA
Slide 43: ENTAŞ
tRADE ENTAŞ Established in 1976 and became a member of the International Air Transport Association in 1982, ENTAŞ, a fully owned subsidiary of ENKA, provides services in the field of travel and tourism, including domestic and international tour operations, flight ticket sales, congress and event org
Slide 44: Enka Foundation
Enka FOUNDATION Visit website www.enkavakfi.org The ENKA Foundation was founded in 1983 with the idea of preserving the strong tradition of foundations in Turkish culture and sustaining the concepts that are the building blocks of civilization. The natural mission of the foundation is to educate ind
Slide 45: Contact details
Balmumcu Mah., Zincirlikuyu Yolu No: 10, 34349 Beşiktaş / İstanbul Tel: +90 (212) 376 10 00 (pbx) Fax: +90 (212) 376 19 80 E-mail: enka@enka.com Web: https://www.enka.com 45/45
ENKA İnşaat ve Sanayi A.Ş. — Q1 2026 Earnings Presentation on 6ix