Koc Holding A.s. · BIST:KCHOL

Koc Holding A.s — Investor Presentation (September 2017)

69 slides from Koc Holding A.s's investor presentation, September 2017

  1. Slide 1: Turkey's Leading Investment Holding Company

    Koç Holding TURKEY’S LEADING INVESTMENT HOLDING COMPANY creating one common legacy for over 90 years Investor Presentation – September 2017

  2. Slide 2: A Leading Investment Holding Company

    A Leading Investment Holding Company KOÇ HOLDING: TURKEY’S LEADING INVESTMENT HOLDING COMPANY  Koç Group is Turkey’s largest industrial and services group in terms of revenues, exports, employees , taxes paid and market capitalization on the Borsa İstanbul. PROFITABLE AND HIGH GROWTH MODEL, FOCUSIN

  3. Slide 3: Koç Group History

    Koç Group History Today Turkey's largest industrial and services group 2016 Passing away of Mustafa V. Koç 2006-08 Proactive disposals 2006 Koç Holding signs the UN Global Compact 2005-06 Acquisition of Tüpraş, Yapı Kredi Bank & Tansaş 2003 Third generation of Koç Family takes the reins 2001 Financi

  4. Slide 4: Strong Beneficiary of the Growth Potential in Turkey

    Strong Beneficiary of the Growth Potential in Turkey We have the right size to benefit from economies We out-perform the growth rates of scale in Turkey 17 15 Combined Revenues / GDP* 6.2% 11 9 Total Exports / Turkey’s Exports* 9.5% 6 6 6 5 5 5 5 4 3 3 Total Market Cap. on Borsa İstanbul* 19.7% 1980

  5. Slide 5: Koç Holding Credit Ratings: Investment Grade Maintained

    Koç Holding Credit Ratings: Investment Grade Maintained One notch above Turkey’s Ratings Outlook government bond rating Moody’s Baa3 Negative Two notches above Turkey’s foreign S&P BBB- Negative currency rating Moody’s: Koç Holding's Baa3 issuer rating reflects the company's strong financial profile

  6. Slide 6: Positioned to Benefit from Turkey's Growth Potential

    Positioned to Benefit from Turkey’s Growth Potential TURKEY: A COUNTRY WITH SOLID GROWTH POTENTIAL  Maturing democracy with a functioning market economy  Strategic location at the crossroads of continents, cultures and economies  Favorable demographics: 79.8 million people; Median age at 31.4 vs.

  7. Slide 7: Strong, Stable and Supportive Shareholder

    Strong, Stable and Supportive Shareholder Koç Family  Koç Family has its own internal governance and Members investment vehicle, which provides stability and Temel 20.64% Ticaret* consistency 43.65% Koç Pension  Koç Family mainly assumes Board level Fund responsibility 2.0% Vehbi Koç  Business ru

  8. Slide 8: Leadership Positions in Strategic & Lucrative Business Lines

    Leadership Positions in Strategic & Lucrative Business Lines as of year-end 2016 Energy Automotive Consumer Durables Finance Automotive Main Companies Main companies Main Companies Main Companies Tüpraş* / Opet / Aygaz* / Entek Ford Otosan* / Tofaş* / Arçelik* Yapı Kredi Bankası* TürkTraktör* / Otok

  9. Slide 9: Large Distribution Networks & Customer Database in Low Penetrated Sectors

    Large Distribution Networks & Customer Database in Low Penetrated Sectors with Strong Growth Potential  ~ 950 bank branches Largest distribution network  ~ 11,000 dealers and after-sales services  Large customer database of over 29 million (18.5 mn with data Largest customer sharing permission) i

  10. Slide 10: Energy: Defensive Business Profile with Significant Growth Prospects

    ENERGY Defensive Business Profile with Significant Growth Prospects Competitive Advantages Low Penetration Robust Diesel Demand in Turkey Final Energy Consumption mn tones CAGR: 9% per Head – TOE  Strong and sustainable demand for 22 20 energy products with 2012-16 CAGR of 2.2 18 diesel at 9% and j

  11. Slide 11: Automotive: Well-positioned Both Domestically and Globally

    AUTOMOTIVE Well-positioned Both Domestically and Globally Low Penetration Robust Domestic Demand Competitive Advantages New plato in annual auto sales Passenger car per ‘000 1,200 Auto market ('000) average  Low auto penetration levels in Turkey 613 1,000 1,000 857 offering high growth prospects; K

  12. Slide 12: White Goods: Truly Global with Strong Brand Awareness

    WHITE GOODS Truly Global with Strong Brand Awareness Competitive Advantages  Strength in Turkey with c. 50% market share  Nearly 60% of revenues from international sales  Rising market share in EU: Beko no 2 brand in EU (7th in 2008)  Competitive cost structure with low cost manufacturing center

  13. Slide 13: Banking Offers High Growth Prospects with a Sound Structure

    BANKING Offers High Growth Prospects with a Sound Structure Competitive Advantages of Yapı Kredi Bank Underpenetrated Market Loans + Deposits / GDP Mortgage loans / GDP  4th largest private bank in terms of asset size (%, 2016) (%, 2016) 218  Extensive branch network, no 2 among private banks 41 1

  14. Slide 14: Balanced Portfolio Between Defensive & Growth Assets

    Balanced Portfolio Between Defensive & Growth Assets Wealth Preservation Bank on Growth 48%  Yapı Kredi 52%  Tüpraş  Arçelik  Aygaz  Otokoç  Opet  Otokar  Tofaş  Entek  Ford Otosan  Koçtaş  TürkTraktör  Tat, Düzey  Demir Export  KoçFinansman  Setur  KoçSistem  Marinas  Divan Highe

  15. Slide 15: Investment Focus on Sectoral Diversification

    Investment Focus on Sectoral Diversification to be Resilient to Different Risk Profiles (mn) TL 1,228* TL 3,460* TL 37,451* Key Risks & Sensitivites Key Strengths 100 • Strong growth potential, esp. for large banks Domestic credit and interest 14 Finance • Yapı Kredi has completed its physical rate

  16. Slide 16: Geographical Diversification to be Resilient to Country-Specific Risks

    Geographical Diversification to be Resilient to Country-Specific Risks Combined International Sales (US$ billion) 2016 regional breakdown of international revenues & percentages 18.6 18.6 18.7 16.6 15.7 15.6 13.2 29.2% 29.2% 28.6% 9.6 27.6% 27.6% $1.0bn $11.3bn $1.8 bn 6% 72% 11% 25.2% 25.3% 22.1% $

  17. Slide 17: Proven Resilience & Improving Performance Despite Volatile Domestic Market

    Proven Resilience & Improving Performance Despite Volatile Domestic Market 11.1 10.0 8.5 8.5 Turkey GDP Growth 6.1 4.8 5.2 (%) 5.0 2.9 Source: TurkStat 0.0 2009 2010 2011 2012 2013 2014 2015 2016 -5.0 -4.7 4.0 3.6 3.5 Net Profit 2.7 3.0 2.7 attributable to 2.1 2.3 Equity Holders of 2.0 1.7 1.4 the P

  18. Slide 18: High Resilience Against Risks: Strong B/S & Cash Position

    High Resilience Against Risks Strong B/S & Cash Position Our net cash position enables us to be proactive Our combined net financial debt stands at 1.3 in new M&As times EBITDA 1H17 Koç Holding Stand-Alone Consolidated Net Debt / Cash Excl. Finance Net Cash Position 1Q17 1H17 ~US$ -2.8bn ~US$ -3.3bn

  19. Slide 19: Major Portfolio Companies Have Strong Current Ratios

    Major Portfolio Companies Have Strong Current Ratios Group’s(*) Current Ratio 30.06.2017 Total Current Assets: TL63 bn Total Current Liabilities: TL46.2 bn Current Ratio : 1.4 14,973 12,663 7,419 5,579 5,183 1,084 1,486 1,799 Current Assets (TL mn) 15,711 7,790 4,740 4,918 103 980 867 925 Current Li

  20. Slide 20: FX Position

    FX Position Koç Holding Stand-Alone FX Position 1Q17 1H17 US$ +81 mn US$ +74mn Koç Holding Consolidated Net FX Position After Natural Hedge Net FX Position1 Net FX Position After Natural Hedge2 Weighted by Effective Ownership 1Q17 1H17 1Q17 1H17 1Q17 1H17 US$ -1.2 bn US$ -1.1 bn US$ -30 mn US$ +79 m

  21. Slide 21: Adjusted Net FX Position / Equity Ratio Meets Policy Limits

    Adjusted Net FX Position / Equity Ratio Meets Policy Limits for Major Portfolio Companies 30 June 2017 Group’s Combined Group’s Adj. Net FX Position/Equity Adjusted Net Long FX Position 2.7% US$256 mn 30 June 2017 74 6 0.4 Net FX Position (US$ mn) (Reported) -51 -36 -624 -755 -2,448 74 34 41 5 0.4 6

  22. Slide 22: M&As and Privatizations

    M&As and Privatizations Opportunistic M&A strategy to consolidate leadership positions and reach optimal portfolio diversification Acquisitions ahead of 2008 Koç Holding Share: US$ 6.6 billion  51% for US$ 4,140mn  Consolidated as of January 2006  Through privatization  Turkey’s sole refining co

  23. Slide 23: Profitable Disposals

    Profitable Disposals Divested Companies Sector Held Since Buyer Closing Date IT 2000 Vodafone 30 November 2011 Auto Supplies 1963 Continental A.G. 28 August 2008 Insurance 1974 Allianz SE 21 July 2008 2003 Heating & Ventilation (spin-off of Ada Metal 26 June 2008 Demirdöküm) Retailing 1975 BC Partne

  24. Slide 24: Focus on Large Investments with High Returns

    Focus on Large Investments with High Returns Ongoing Investments to Increase Efficiency Focus on Value Added M&A Opportunities Combined Investments – TL bn  New manufacturing and R&D  Opportunistic projects for export markets buyouts in with our JV partners international 6.9 markets as a consolida

  25. Slide 25: Disciplined Investment Strategy

    Disciplined Investment Strategy Existing Consolidate leading Expand globally in businesses positions to benefit the sectors we are already most from the growth present or/and adjacent potential sectors New Exploit new growth business opportunities Only consider very (Privatizations, secondary M&A op

  26. Slide 26: Systematic Investment Evaluation

    Systematic Investment Evaluation Strategy Main Investment Criteria  Standardized investment evaluation process for  IRR Criteria: risk adjusted cost of capital applied to investments that require Holding Evaluation calculate IRR threshold in different projects  Treating all investments on the sam

  27. Slide 27: Proactive Investor Relations Management

    Proactive Investor Relations Management We Endeavor to Maximize the Value We Create for our Shareholders  Executive compensation based on economic profit and share performance  Proactive investor relations management  Cash dividend payout  Continuous track record in strong share performance  On

  28. Slide 28: Main Goal: Maximizing Shareholder Value

    Main Goal: Maximizing Shareholder Value One of the few Turkish Companies which Links Executive Compensation to Share Performance Shareholder Value L-T Strategic Targets Economic Profit Market Cap to Maximize Future Shareholder Value Customer Technology Satisfaction Development Aggressive Sustainable

  29. Slide 29: Leading Positions in R&D and Technology Investments

    Leading Positions in R&D and Technology Investments Turkey’s largest intellectual property portfolio with more than: 7,500 trademarks 4,100 patent families 9,600 patents 800 industrial design registrations 5,400 Internet domain names Koç Holding is listed among 3 Koç Group companies ranked in the to

  30. Slide 30: Leading Corporate Citizen

    Leading Corporate Citizen Vehbi Koç Foundation: Institutionalization for social development  Established in 1969 as Turkey’s first private foundation;  to make philanthropic endowments for the public good  to create sustainable and replicable projects and programs in education, healthcare, cultur

  31. Slide 31: Corporate Solutions for Social Advancement

    Corporate Solutions for Social Advancement* Our projects’ commonalities are unity, synergy and leadership established through our companies, employees and dealers “For My Country” project Vocational Education: A Crucial Matter Grassroots initiative organized annually since 2006, to for the Nation sp

  32. Slide 32: Commitment to the Environment

    Commitment to the Environment* Koç Group endeavors to preserve national and natural resources in the most efficient way and minimize or recycle waste at the source With practices in water management, over 96 Koç Group companies million m³ of water was reused in production, invested TL 242 million co

  33. Slide 33: Key Takeaways: Value Propositions

    Key Takeaways : Value Propositions Largest investment Robust top-line growth holding company in Leading positions in enabling the benefits of Turkey sectors with strong economies of scale Best proxy to growth potential Well-proven track record in the Turkish Strong commitment portfolio restructuring

  34. Slide 34: Operational Excellence and Leadership in Core Business Segments

    Operational Excellence and Leadership in Core Business Segments Slide # 35 Energy Sector Strongest Player in the Turkish Energy Sector 40 Automotive Sector Undisputable Leaders of Turkish Automotive Industry 44 Consumer Durables Sector Strong Global Network 46 Finance Sector Focus on Lucrative Busin

  35. Slide 35: Why Energy Sector?

    Why Energy Sector? High Growth Potential Strong Demand Dynamics Final Energy Consumption per Head – TOE 2.2  Among the fastest growing energy markets in the world parallel to its economic growth  Growing domestic oil demand coupled with 1.1 insufficient diesel capacity  Offers a wide range of opp

  36. Slide 36: Tüpraş: Turkey's Sole Refining Company

    TÜPRAŞ Turkey’s Sole Refining Company  4 refineries with 28.1 MT total capacity  Tüpraş Izmit Refinery is one of the most complex refineries in the 7th largest refinery in Mediterranean and globally with 14.5 (Avg Nelson Complexity: 9.5) Europe and  All units of RUP (Residuum Upgrade Project - US

  37. Slide 37: Aygaz: Turkey's Undisputable Market Leader in LPG

    AYGAZ Turkey’s Undisputable Market Leader in LPG for more than 50 years  Generic brand in Turkey for LPG with 29% market share Leading LPG distributor of in total LPG market Turkey  42% market share in cyclinder LPG (3nd largest LPG market in Europe,  26% market share in autogas as of 1H17 2nd la

  38. Slide 38: Opet: Turkey's Fastest Growing Fuel Distribution Company

    OPET Turkey’s Fastest Growing Fuel Distribution Company  Fastest growing player of its sector while maintaining profitability Highest customer  Unrivaled leader in customer satisfaction in its sector for 9 & station 2nd in white consecutive years products in Turkey satisfaction  Retail and wholes

  39. Slide 39: Automotive Sector: A Global Manufacturing and Distribution Hub

    Automotive Sector A Global Manufacturing and Distribution Hub Dynamic Market with High Growth Potential Strong Domestic Demand Passenger car per ‘000 A new plato of annual auto sales 1,200 Auto market ('000) average 613 1,000 1,000 857 800 336 632 600 1,011 1,008 183 400 793 911 818 893 807 634 576

  40. Slide 40: Koç Group in the Automotive Sector

    Koç Group in the Automotive Sector  Almost half of the Turkish manufacturing and export of motor vehicles are realized by Koç Companies  Present in high growth segments both in Turkey & in EU Highest quality and safety  Largest distribution network of production among the  Highly skilled and exp

  41. Slide 41: Ford Otosan: Turkey's Leader in Commercial Vehicle Industry

    FORD OTOSAN Turkey’s Leader in Commercial Vehicle Industry  50-50% JV with Ford  Turkey’s commercial vehicle industry leader with 30% share Highest Ford Largest R&D  €-denominated export revenues, including non-€ countries market share in center in Turkish  Single global source for Ford Custom &

  42. Slide 42: Tofaş: Defensive Portfolio via Take-or-pay Contracts

    TOFAŞ Defensive Portfolio via Take-or-pay Contracts  50-50% JV with Fiat Chrysler Automobiles  The only domestic manufacturer and exporter of both PCs & LCVs 2nd Largest R&D  Extensive dealer and after-sales network capability of FCA in Europe  Owns the intellectual and industrial property right

  43. Slide 43: Other Automotive Companies

    Other Automotive Companies TÜRK TRAKTÖR – Turkey’s Largest Farm Tractor Manufacturer  50-50% JV with Case New Holland Undisputable market  Utilising “flexible manufacturing system” in tractors, providing a high degree leader of flexibility with c. 50% share  Strong dealership network and reputabl

  44. Slide 44: Consumer Durables Sector: Robust Growth Both Domestically & Internationally

    Consumer Durables Sector Robust Growth Both Domestically & Internationally Underpenetrated segments, renewals, rapid Rising domestic demand household formation & urbanization drive growth White Goods Penetration – % Turkish White Goods market : New plato of annual sales Refrigerator Washing machine

  45. Slide 45: Arçelik Provides Products and Services Worldwide

    ARÇELİK Provides Products and Services to Over 100 Countries Worldwide  Privileged position in Turkey with superior exclusive dealer Turkey’s market leader in network (Extensive sales & after-sales network) white goods (c. 50%) and  Highest level of brand recognition in Turkey air-conditioners U.K

  46. Slide 46: Why Finance Sector?

    Why Finance Sector? Low Penetration Levels, Providing an Opportunity for Rapid Growth Loans + Deposits / GDP – % (2016) Branches per million inhabitants Mortgage loans / GDP – % (2016) 218 41 394 121 21 136 6 EU-28 Turkey EU-28 Turkey EU-28 Poland Turkey Source: European Central Bank, BRSA, CBRT Not

  47. Slide 47: Finance – Yapı Kredi Bank

    Finance – Yapı Kredi Bank Significant Profitability Acceleration Strong Operational Performance Net Income (TL mn) ROATE Cost / Income1 CoR Revenues +14% +41%1 Costs +8% +257 bps 1,893 (vs 11% CPI) 1.36% 14.7% 43% 2 41% 1.10% 1 1,342 12.1% 956 9.7% 1H15 1H16 1H17 1H15 1H16 1H17 1H16 1H17 1H16 1H17 E

  48. Slide 48: Yapı Kredi Subsidiaries and Other Finance Companies

    Yapı Kredi Subsidiaries and Other Finance Companies YAPI KREDİ YAPI KREDİ YAPI KREDİ LEASING FACTORING ASSET MANAGEMENT  Leader with 20% share  Leader with 18% share  2nd in the market with 17% share YAPI KREDİ KOÇFİNANS INVEST  Turkey’s first consumer finance  3rd in in equity transaction comp

  49. Slide 49: Table of Contents

    Table of Contents Page 1. 1H17 Operational Results 51 2. 1H17 Financial Results 56 3. Shareholder Structures 67 4. Disclaimer 68 5. Contacts 69 www.koc.com.tr 49

  50. Slide 50: 1H17 Operational Results

    1H17 Operational Results www.koc.com.tr 50

  51. Slide 51: Energy

    Energy Sales Volume, Domestic Market Tüpraş +5% Capacity Utilisation White Product Yield Refining Margins ($/bbl) Tüpraş (net) Med Complex 8.2 111.5% 100.9% 7.1% 77.6% 75.6% 5.4 5.3% -8% -2% +2% 4.0 3.5 104.4% 95.6% (mn tons) Diesel Jet Fuel Gasoline LPG 5M16 8.5 1.7 0.8 1.6 5M17 8.9 1.6 0.9 1.6 1H1

  52. Slide 52: Automotive

    Automotive Sales Units, Domestic Market Export Units, Turkey Koç Market 13% 15% 53% 53% 26% 28% 23% 24% Share -9% +29% -10% -5% -22% Passenger Light Heavy (‘000) 1H16 1H17 (‘000) TOTAL Cars Commercial Commercial Export Units 556 714 1H16 338 100 12 451 1H17 306 95 9 411 Source: Automotive Manufactur

  53. Slide 53: Consumer Durables

    Consumer Durables Sales Units, Domestic Market Export Units, Turkey +27% +2% +35% +20% +25% +27% Refrigerator Washer & (‘000) Dishwasher Oven TOTAL & Freezer Dryer (‘000) 1H16 1H17 1H16 1,224 1,048 765 439 3,476 Export Units 9,186 9,369 1H17 1,659 1,254 958 560 4,431 Source: White Goods Manufacturin

  54. Slide 54: Finance – Yapı Kredi Bank

    Finance – Yapı Kredi Bank Profitability Operational Performance Net Income (TL mn) ROATE Cost/Income1 CoR Revenues +14% Costs +8% +41%1 +257 bps (vs 11% CPI) 1,893 2 1.36% 14.7% 43% 1.10% 1,342 1 41% 12.1% 956 9.7% 1H15 1H16 1H17 1H15 1H16 1H17 1H16 1H17 1H16 1H17 Market Shares Fundamentals Loan Mar

  55. Slide 55: 1H17 Financial Results

    1H17 Financial Results www.koc.com.tr 55

  56. Slide 56: Group's Overall Financial Performance

    Group’s Overall Financial Performance Consumer TL mn Energy Automotive Finance Other Total Durables Combined Revenues1 44,766 25,937 10,900 14,096 5,057 100,757 y/y 54% 30% 29% 18% 10% 36% Combined Operating Profit2 3,266 1,745 749 2,249 37 8,046 y/y 190% 27% 10% 4% nm 53% Combined Net Income 2,610

  57. Slide 57: Combined Revenues

    Combined Revenues Combined Revenues – TL mn Segmental Breakdown +36% 100,757 Automotive 26% 73,949 Energy Consumer 44% Durables 11% 1H16 1H17 Finance Other 14% 5% Segment Contribution – TL mn +54% 44,766 +30% 28,996 25,937 19,920 +29% +18% 14,096 +10% 10,900 11,993 8,425 4,616 5,057 Energy Automotiv

  58. Slide 58: Combined Operating Profit

    Combined Operating Profit Combined Operating Profit – TL mn Segmental Breakdown +53% Energy 8,046 41% +61% 5,243 Automotive 5,012 2 22% Other 0.5% Consumer Finance Durables 1H16 1H17 28% 9% Segment Contribution – TL mn +190% +4% 3,266 +17% +27% 2,249 2,157 1,745 1,370 +10% 1,125 1,9251 681 749 37 -8

  59. Slide 59: Combined Net Income

    Combined Net Income Combined Net Income – TL mn Segmental Breakdown +62% 6,487 Energy 40% +70% 6,4621 4,011 Automotive 3,8062 22% Other 2% Consumer 1H16 1H17 Finance Durables 28% 8% Segment Contribution – TL mn +357% +4% 2,610 +15% +17% 1,772 1,846 1,424 1,215 +24% 571 1,5993 396 490 57 118 251 921

  60. Slide 60: Consolidated Net Income

    Consolidated Net Income Consolidated Net Income – TL mn Segmental Breakdown +77% Energy 2,542 41% +89% 1,433 2,5161 Automotive 22% 1,3322 Other 3% Consumer 1H16 1H17 Finance Durables 26% 8% Segment Contribution – TL mn +415% +13% 1,030 +28% +18% 664 571 589 486 +27% 5203 200 161 204 72 471 -3 -341 E

  61. Slide 61: Combined Exports & International Sales

    Combined Exports & International Sales Combined Exports – US$ mn Combined International Sales – US$ mn +19% +18% 7,815 8,919 6,588 7,576 1H16 1H17 1H16 1H17 www.koc.com.tr 61

  62. Slide 62: Combined Investments

    Combined Investments Combined Investments – TL mn Segmental Breakdown Automotive 3,114 59% 2,933 Consumer Energy Durables 22% Other 12% Finance 2% 1H16 1H17 5% www.koc.com.tr 62

  63. Slide 63: Net Cash Position

    Net Cash Position Koç Holding Stand-Alone 30 June 2017 Net Cash Position Total Debt: ~US$ 1.5bn1 Total Cash: ~US$ 2.1bn2 Net Cash: US$ 586mn Consolidated Net Debt (excl. Finance) 1Q17 1H17 ~US$ -2.8bn ~US$ -3.3bn (1) The total debt of US$ 1.5bn consists of two Eurobond issuances by Koç Holding: • Eu

  64. Slide 64: FX Position

    FX Position Koç Holding Stand-Alone FX Position 1Q17 1H17 US$ +81 mn US$ +74mn Koç Holding Consolidated Net FX Position After Natural Hedge Net FX Position1 Net FX Position After Natural Hedge2 Weighted by Effective Ownership 1Q17 1H17 1Q17 1H17 1Q17 1H17 US$ -1.2 bn US$ -1.1 bn US$ -30 mn US$ +79 m

  65. Slide 65: Consolidated Main Financial Indicators

    Consolidated Main Financial Indicators 1H17 TL mn 1H16 1H17 Y/Y € mn $ mn Revenues 31,122 45,473 46% 11,568 12,504 Gross Profit 5,147 7,849 52% 1,997 2,158 Operating Profit 2,755 5,316 93% 1,352 1,462 Profit Before Tax 2,170 4,413 103% 1,123 1,214 Taxes (net) -120 -145 21% -37 -40 Net Income Before

  66. Slide 66: Shareholding Structures

    Shareholding Structures (30 June 2017) Koç Holding Koç Family: 64.29% Free Float: 26.46% Vehbi Koç Foundation: 7.26% Koç Pension Fund: 1.99% Consumer Energy Automotive Finance Other Durables Tüpraş Ford Otosan Arçelik Tat Gıda SPV share: 51.00% KH share: 38.46% Koç Financial Services KH share: 40.51

  67. Slide 67: Disclaimer

    Disclaimer This presentation does contain forward-looking statements that reflect the Company management’s current views with respect to certain future events based on the base-case assumptions. Although it is believed that the expectations reflected in these statements are reasonable, they may be a

  68. Slide 68: For Further Questions, Please Contact

    For Further Questions, Please Contact : investorrelations@koc.com.tr www.koc.com.tr IR Application Gülsevin Tunçay, Coordinator Investor Relations gulsevint@koc.com.tr +90 216 531 0428 Gizem Bodur, Manager Investor Relations gizemb@koc.com.tr +90 216 531 0533 Neslihan Aycıl, Manager Investor Relatio

  69. Slide 69: Main Group Companies' Contacts

    Main Group Companies’ Contacts Arçelik Otokar Tüpraş Hande Sarıdal, Finance Director Hüseyin Odabaş, AGM Finance Tuncay Önbilgin, IR & Reporting Director hande.saridal@arcelik.com hodabas@otokar.com.tr tuncay.onbilgin@tupras.com.tr +90 212 314 3185 +90 264 229 2244 Ext. 6000 +90 262 316 3085 Orkun İ

Koç Holding — Investor Presentation (September 2017) on 6ix