Haci Omer Sabanci Holding A.s. · BIST:SAHOL
Haci Omer Sabanci Holding A.s — Hacı Ömer Sabancı Holding A.Ş. — Q2 2026 Earnings Presentation
27 slides from Haci Omer Sabanci Holding A.s's earnings presentation, June 2026
Slide 1: Energy & Climate Technologies Q2 2026 Investor Presentation
Energy & Climate Technologies Q2 2026 Investor Presentation Most Honored Company in Emerging EMEA Industrials Extel June 2026 2026
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 2021 2022 Acquisition of Oriana Solar 2006 2013 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 IT and every business BIL AN and competencies to expand A decision we take. our 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 Generation & Ventures ๏ Electricity distribution and retail services ๏ Multiple generation technologies and digital ๏ Renewable electricity generation in with ~25% market share competenci
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 Disruptive 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) 400 357 4,000 25,000 335 330 331 343 Thousands 297 305 304 307 20,000 300 252 262 274 3,000 229 239 240 234 15,00
Slide 8: Diversified generation mix, revised up distribution guidance and higher U.S. capacity supported performance
Diversified generation mix, revised up distribution guidance and higher U.S. capacity supported performance Combined EBITDA (Bn TL) & EBITDA Margin Combined Net Income (Bn TL) 69.8 69.9 63.2 18.7% 20.5% 15.8% 16.6% 14.5% 35.8 36.8 49.7 11.8 5.1 14.4 -0.1 2023 2024 2025 H1 2025 H1 2026 2023 2024 2025
Slide 9: Generation & Trade
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 27% 67% YEKA-2 29% ÇANAKKALE 4.6 6.25+ 250 MW GW GW BALIKESİR 1,750MW 250 MW Total Wind Power Plant Investment 34% AYDIN 26% 10% 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: Strong hydro performance, wind capacity growth and trading gains drove resilient earnings
Strong hydro performance, wind capacity growth and trading gains drove resilient earnings Generation Volume (TWh) Combined EBITDA (Bn TL) & EBITDA Margin (%) 15.0 13.1 12.3 21% 28.1% 19.5% 16.3% 18.9% 20.6% 24% 7.0 24% 14% 6.3 8% 9% 24% 14% 24% 21% 8% 30.0 24% 9% 24% 18.9 16.9 51% 21% 10.0 10.1 44%
Slide 15: Distribution & Retail
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 (H1 2026) business with real return Regulated Retail & ๏ Türkiye’s leading electricity distribution and retail company – economies of scale Customer ๏ TL and inflatio
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) 105.8 important efficiency game 83.6 ~44% 59.0 CAGR 34.3 Distribution Operational Earnings(1) 19.9 9.4 11.2 Breakdown (H1 2026) 5.3 6.9 8.4 2017 2018 2019 2020 2021 2
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
——— Climate Techn ogies
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: 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 24: Sabancı Climate Ventures creates extended innovation ecosystem & enables early access to disrupting technologies
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 Pro
Slide 25: Sustainability
——— Sustainabili y ool
Slide 26: 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 27: Investor Relations
Meet SirA, Sabancı Holding's digital Earnings Investor Presentation - ir.sabanci.com investor relations assistant ! Presentation Group Strategy Türkiye’s First Investor Relations Dedicated Assistant ! SBU Presentation – Energy & Capital Markets 2025 Integrated Climate Technologies Day 2024 Report Ke
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