Haci Omer Sabanci Holding A.s. · BIST:SAHOL
Haci Omer Sabanci Holding A.s — Hacı Ömer Sabancı Holding A.Ş. — Investor Presentation (November 2025)
30 slides from Haci Omer Sabanci Holding A.s's investor presentation, November 2025
Slide 1: Energy & Climate Technologies 9M 2025 Investor Presentation
Energy & Climate Technologies 9M 2025 Investor Presentation Most Honored Company in Emerging EMEA Industrials Extel November, 2025 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: Expansion to new adjacencies & abroad by leveraging the pioneer position in Türkiye
Expansion to new adjacencies & abroad by leveraging the pioneer position in Türkiye Growth & High Investment Turnaround Capital Recycling Expansion to New Adjacencies & Abroad 2006-2013 2013-2017 2017-2022 2017-2022 2023 October 2023 2013 2021 2022 Acquisition of Oriana Solar 2006 October 2022 LLC:
Slide 4: Strategic Direction from "Traditional" to "Disruptive"
Strategic Direction from “Traditional” to “Disruptive”… Sustainability is our We aim to benefit & develop guiding principle in each Y HUM our strong human capital and IT and every business BIL AN competencies to expand our A decision we take. operations abroad. IN CA TA PIT SUS AL IN N N U IE S GY R
Slide 5: …with our subsidiaries present in many steps of the energy value chain
…with our subsidiaries present in many steps of the energy value chain… Distribution & Retail Generation & Trade Climate Technologies & Ventures 40% 40% 20% 50% 50% 100% Sabancı Holding E.ON Free Float Sabancı Holding E.ON Sabancı Holding 6,250+ MW Renewable Energy Investments in Climate 14 6 4.2 GW
Slide 6: …in order to achieve the impossible in the "Energy Trilemma"
…in order to achieve the impossible in the “Energy Trilemma” Energy Trilemma Proposed Solution (World Energy Council) (Sabancı Energy & Climate Technologies) Energy Distruptive Technologies Security Environmental Energy New Energy Green Sustainability Equity Solutions Asset Base 6
Slide 7: Liberalized market mechanism in Türkiye
Liberalized market mechanism in Türkiye Change of Licensed Electricity Generation as Public-Private by Years(1) (%) Spot Electricity Prices (TL/MWh, LHS) vs Natural Gas Prices(TL/sm3)(2) 400 4,000 25 335 330 331 343 Thousands 297 305 304 307 20 274 267 3,000 300 252 262 229 239 240 15 2,000 200 84%
Slide 8: Improvement in EBITDA & bottomline strength sustained both in generation and distribution & retail
Improvement in EBITDA & bottomline strength sustained both in generation and distribution & retail Combined EBITDA (Bn TL) & EBITDA Margin Combined Net Income (Bn TL) 14.5% 15.8% 15.4% 17.5% 56.8 48.9 40.5 43.2 37.6 7.8 -1.2 -0.4 2023 2024 9M 2024 9M 2025 2023 2024 9M 2024 9M 2025 EBITDA EBITDA Marg
Slide 9: Generation & Trade
Investor Presentation Generation & Trade
Slide 10: Enerjisa Üretim, with its clear roadmap, would continue to grow continuously
Enerjisa Üretim, with its clear roadmap, would continue to grow continuously... GROWTH VALUE ๏ Renewable energy generation in Türkiye and U.S. ๏ Earnings growth paired with stable profitability ๏ Expansion of commodity trade and digital services ๏ Attractive dividend businesses ๏ Value enhancement a
Slide 11: ….securing further capacity expansion
….securing further capacity expansion 1000 MW YEKA-2 & 750 MW YEKA-2024 Wind Power Plant Investments YEKA-2024 Current 2028 EDİRNE KIRKLARELİ/Balkaya 410 MW 340 MW 33% 17% 67% YEKA-2 ÇANAKKALE 4.2 6.25+ 250 MW GW GW BALIKESİR 1,750MW 250 MW Total Wind Power Plant Investment 11% 26% AYDIN 39% 250 MW
Slide 12: USD-based fixed price to continue, after gradually replacing FiT power plants
USD-based fixed price to continue, after gradually replacing FiT power plants with new capacities of YEKA 2 -2024 tenders Turkish Electricity Spot Market Day Ahead Price (MCP) Price Caps & Limits - FiT & Spot Market Price Price Caps & Limits Enerjisa Üretim Natural Gas (1.6 GW) & Lignite (0.4 GW) Ge
Slide 13: Exploring next generation capabilities in power generation & trading
Exploring next generation capabilities in power generation & trading Asset Light Growth Green Hydrogen Establishment of Enerjisa Commodities BV in 2023. Started to produce & store green hydrogen in the pilot project to use in generator cooling – as the first private sector player in Türkiye. Trading
Slide 14: Despite weak hydrology, higher generation volumes and EBITDA strength sustained
Despite weak hydrology, higher generation volumes with additional wind capacities and EBITDA strength sustained Generation Volume (TWh) Combined EBITDA (Bn TL) & EBITDA Margin (%) 13.1 12.3 28.1% 19.5% 17.0% 17.5% 23% 24% 10% 11.1 8% 9.4 24% 21% 21% 24.4 24% 25% 41% 16% 13.7 12.0 25% 8.6 44% 46% 41%
Slide 15: Distribution & Retail
Investor Presentation Distribution & Retail
Slide 16: Enerjisa Enerji, in regulated and free market operations, would continue to grow and lead
Enerjisa Enerji, in regulated and free market operations, would continue to grow and lead energy transition of Türkiye GROWTH VALUE ๏ Maximize Grid Investments (RAB) ๏ Growing Regulated Asset Base ๏ Optimize Retail Operations ๏ Inflation protected Operational Earnings ๏ Growth in Customer Solutions
Slide 17: Strong position in distribution & retail and an inflation-linked business with real return
Strong position in distribution & retail and an inflation-linked Supportive and Transparent Regulatory Framework Operational Earnings (2025 9M) business with real return Regulated Retail(1) & Customer ๏ Türkiye’s leading electricity distribution and retail company – economies of scale Solutions ๏ TL
Slide 18: Heavily concentrated on network investments but also an important efficiency game
Heavily concentrated on network investments but also an Strong Historical Growth and Untapped Potential- Regulated Asset Base (TL bn) important efficiency game 78.1 59.0 ~41% 57.0 CAGR 34.3 Distribution Operational Earnings(1) 19.9 9.4 11.2 Breakdown (9M 2025) 5.3 6.9 8.4 2017 2018 2019 2020 2021 20
Slide 19: Acting as a solution partner with technological competencies by leveraging extensive customer network
Acting as a solution partner with technological competencies by leveraging Distributed Generation, Energy Efficiency, extensive customer network Decarbonization & Storage Renewable Energy Energy Efficiency Green Energy E-Mobility ๏ Creating a sustainable and service-based business model through Ener
Slide 20: Climate Technologies
Investor Presentation Climate Technologies
Slide 21: Transforming the energy business to pursue opportunities
Transforming the energy business to pursue opportunities New Sabancı Climate Technologies in “disruption & Sabancı Renewables Sabancı Climate Ventures expansion abroad” Markets New technologies and solutions Generation on their way to commercialization & Trading could be transferred and utilized Tür
Slide 22: It is time to leverage core capabilities in the Energy SBU & expand the business
It is time to leverage core We lead energy and climate transition by bridging the gap between emerging and capabilities in the Energy developed markets SBU & expand the business to create higher value for all stakeholders Sabancı Focus Investment Areas Focus Geographies Distinctive Competency Sabanc
Slide 23: US came to the fore with the attraction of being world's 2nd largest renewable energy market
US came to the fore with the Facts on Renewable Energy Investments attraction of being world’s 2nd US is the 2nd largest renewable energy market following China. Around 108 GW of renewable capacity was installed in the US for largest renewable energy the last 3 years(1) US companies have committed t
Slide 24: Further investments are ongoing in on-shore wind and utility-scale solar projects
Further investments are ongoing in Focused Investment Approach on-shore wind and utility-scale Target Technologies solar projects to exceed 1,000 MW On-shore wind ERCOT Utility-scale solar PJM Battery storage MISO MISO, PJM Solid Business Model for and ERGOT the Execution Plant Size Criteria Financi
Slide 25: Strengthening U.S. presence with 504 MW online capacity and 286 MW solar acquisitions
Strengthening U.S. presence with 504 MW online capacity Focused Investment Approach and 286 MW solar acquisitions in Q3 2025 272 MW Cutlass II 232 MW Oriana Solar Power Plant Project Solar Power Plant Project with 60 MW Storage o Project Acquisition: October’22 o Project Acquisition: October’23 o EP
Slide 26: Sabancı Climate Ventures creates extended innovation ecosystem
Sabancı Climate Ventures Sabancı Climate Ventures is a necessity to position for the future and not competing with other activities while generating attractive financial returns over the full fund cycle creates extended innovation ecosystem & enables early access to disrupting technologies… Value Pr
Slide 27: ….via the investments in climate technologies funds & direct investments to start-ups
….via the investments in climate Fund Investments technologies funds & investments directly to start-up companies $ 200M 11 Portfolio Direct Investments Commitment Companies 6 Fund Initial Check Size: Investments $ 500K-5M Digital channel migration of transactions Cutting-edge digital capabilities &
Slide 28: Sustainability
Investor Presentation Sustainability
Slide 29: While contributing to Türkiye's green energy transition, we stay committed to sound management of ESG risks
While contributing to Türkiye’s green energy transition, we stay committed to sound management of ESG risks and investing in communities that we operate in Key Player in Energy Security Commitment to 100% Low Carbon Generation Helping Customers to Decarbonize Providing uninterrupted, continuous, acc
Slide 30: Investor Relations
Meet SirA, Sabancı Holding's digital Capital Markets Investor Presentation - ir.sabanci.com investor relations assistant ! Day 2024 Group Strategy Türkiye’s First Investor Relations Dedicated Assistant ! SBU Presentation – Energy & Earnings 2024 Annual Climate Technologies Presentation Report Kerem
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