Hitit Bilgisayar Hizmetleri A.s. · BIST:HTTBT
Hitit Bilgisayar Hizmetleri A.s — FY2024 Earnings Presentation
29 slides from Hitit Bilgisayar Hizmetleri A.s's earnings presentation, 2025
Slide 1: A Rising Star in Airline & Travel IT Solutions
A Rising Star in Airline & Travel IT Solutions 2024 December Results Presentation
Slide 2: Hitit At a Glance
Hitit At a Glance 2024 Year End The 2nd largest PSS One integrated Industry leader in Cloud-based and AI- provider in Europe solution for all airline new-gen IATA supported, modern and Africa, 3rd largest types and sizes, ARM / NDC and flexible in the world* covering the entire technology technology
Slide 3: Crane Partner Community
Crane Partner We meet the needs of Partners of various business models all over the world Community 2024 Year End 3
Slide 4: Hitit empowers aviation all around the globe
Hitit empowers aviation all Visualization of Hitit Partner aircraft movements within a 24-hour period based on FlightRadar 24 data around the globe 2024 Year End 4
Slide 5: Hitit empowers aviation all around the globe
Hitit empowers aviation all Visualization of destinations served by Hitit Partners based on live airport data within Crane systems around the globe 2024 Year End 5
Slide 6: Hitit by Numbers
34,2M USD Hitit by 2024 Sales Revenues Numbers + 34% over 2023 40% 2024 Year End EBITDA Margin inline with 2023 +61% 72 Partners Passenger volumes over 2023 6 Continents 50 Countries 6
Slide 7: Hitit by Numbers
850+ Hitit by Airports served Numbers through Crane DCS in 160 countries 102 2024 Year End Countries with border and customs systems integrated with Hitit $8.5 85+ billion Integrations with different banks and alternative Sales volume payment systems generated by Hitit 7 Partners in 2024
Slide 8: Financial and Other Important Developments
Financial and Other Important Developments Innovative Technology Investments In line with the projects being carried out within the Technopolis regulations, 15.4 million dollars for R&D along with 4.5 million dollars for license, hardware, and fixtures were invested as of 2024. 2024 Year End The eff
Slide 9: Financial Evolution
At the end of the 2024, revenue exceeded the same period for 2023. Financial Evolution (Reporting in USD Functional Currency) As of the end of the 2024, the EBITDA amount was 13.7m USD and the EBITDA margin was realized as 40%. 2024 Year End Sales were realized 78% in foreign currency, 22% in TL, wi
Slide 10: Forward-Looking Evaluations
Forward-Looking Evaluations In addition to the product and service production, sales and marketing activities carried in line with its growth strategy, the company continues its investments to achieve its goals. Within this framework, as of the end of 2025, on a USD basis; 2024 Year End Growth in tu
Slide 11: Financial Summary
Financial Summary Functional currency is USD since 01.01.2020. 2023-12M 2024-12M 100,0 90,0 80,0 70,0 60,0 2024 Year End 50,0 40,0 30,0 20,0 %60 %60 %40 %40 10,0 - Net Sales (USD Million) Gross Profit (*) (USD Million) EBITDA Equity (USD Million) (USD Million) $7.3 mn net cash position as of Decembe
Slide 12: Financial Summary
Financial Summary Approximately 78% of sales are in foreign currency (USD or EUR) SaaS Share (%) PSS ADS Other 86% 5% 9% 2023-12M 2024-12M Revenue Breakdown(USD) USD % USD % SaaS 15,893 63% 22,001 64% Software Development and Maintenance 6,386 25% 8,409 25% 2024 Year End IaaS ve Projects 3,367 12% 3
Slide 13: Financial Summary
Approximately 76% of Financial Summary costs are in TL Cost Breakdown1 Cost Breakdown2 Currency Distribution USD 26,790k by 2024 USD 26,790k by 2024 By 2024 5% 2% 8% 13% 8% 17% 12% 2024 Year End 17% 21% 51% 66% 54% 19% 21% 76% Cost of sales Personnel Amortization TL Other General management Sales an
Slide 14: Key Developments
Noteworthy Partner and Strategic Key Developments Developments in 2024 Partner Developments 16 implementation projects, with Ajet among them, have been completed across North / South America, Europe, Africa, Middle East and Asia in 2024, and have gone live to start generating additional recurring re
Slide 15: Industrial KPIs
Revenue Passenger Kilometers (RPK) , Industrial KPIs Available Seat Kilometers (ASK) and Passenger Load Factor (PLF) Evolution Trends 2024 Year End Asia Middle Latin North Africa Industry Europe Pacific East America America 15 Source: IATA Economics – Air Passenger Market Analysis (December 2024)
Slide 16: Industrial KPIs
Revenue Passenger Kilometers (RPK) Industrial KPIs 5 Year Evolution Trend Actual Seasonally Adjusted Billions 2024 Year End October October October October January July July July April January July April January April January April October January July April 16 Source: IATA Economics – Air Passenger
Slide 17: Balance Sheet
Balance Sheet Balance Sheet (USD ‘000) 31.12.2023 32.12.2024 Cash and cash equivalents 7,420 8,552 Financial assets 8,386 3,698 Trade receivables 6,263 9,584 Prepaid expenses 2,063 3,047 Other current assets 1,062 771 Total current assets 25,194 25,652 Property, plant and equipment 5,158 4,053 Intan
Slide 18: Income Statement
Income Statement Income Statement (USD ‘000) 1 January- 31 December 2023 1 January- 31 December 2024 Net sales 25,646 34,238 COGS (-) ( 13,180) ( 17,719) Gross profit before D&A 15,508 20,692 Depreciation and amortization 3,042 4,173 Gross profit after D&A 12,466 16,519 Gross profit margin 49% 48% M
Slide 19: Our Value Creation Model
2024 Yıl Sonu Our Value Creation Model 19
Slide 20: Corporate Social Responsibility Projects
Corporate Social We integrate sustainability into our production, business processes, and social projects. By incorporating ESG strategies into our company evaluations, we embrace a sustainability approach that is committed to Responsibility Projects society, the environment, and ethical principles.
Slide 21: Corporate Social Responsibility Projects
Corporate Social As a global player, Hitit places utmost importance on its commitments to society and social responsibility Responsibility Projects Rackets Up project, Hitit's CSR project Gender Equality 411 Schools realized in partnership with the Turkish Mentoring women in technology jobs Table Te
Slide 22: Sustainability Initiatives
Sustainability We support our Partners and the aviation industry, as well as our own internal processes in adopting ESG Initiatives principles and best practices. 2024 GHG and Carbon Footprint reports have been published at https://hitit.com/investor-relations/sustainability 2024 Year End 22
Slide 23: Appendix
Appendix 2024 Year End Organizational The Crane Use of IPO Shareholder Structure and Family Proceeds Structure Current Values 23
Slide 24: Shareholder Structure
Shareholder As of December 31, 2024 Structure 2024 Year End %36,82 %23,19 %4,71 %4,34 %4,34 %26,596 Pegasus Hava Fatma Nur Dilek Hakan Özkan Free Float Taşımacılığı Gökman Ovacık Ünlü Dülger A.Ş. 24
Slide 25: Organizational Structure and Current Values
Organizational Structure and Current Values General Management Transportation Infrastructure & Financial Human Application Product Sales & Technology Delivery Operation Affairs & Engineering Strategy Solutions Marketing Resources Purchasing & Security 2024 Year End Total Number of Employees* Gender
Slide 26: High Employee Seniority and Satisfaction
High Employee Seniority Seniority and retention of employees above the industry average and Satisfaction Senior IT Staff According to 2024 LinkedIn data, while the average seniority in the top 10 software companies in Turkey is 2.38 years, this figure is 5 years for Hitit employees 2024 Year End Hig
Slide 27: Crane Solutions
We provide turn-key solutions for every step Crane Solutions of the way in air travel. Passenger Service System A series of mission-critical systems used by airlines for reservations, ticketing, check-in, internet and mobile sales, departure control, loyalty programs and customer care. • Reservation
Slide 28: Use of IPO Proceeds
Use of IPO Proceeds Overseas investments 10% 2024 Year End Launching new 35% Development of software & business units 25% infrastructure of products and solutions suitable for different markets 30% Infrastructure, development & 26 improvements for the transition to cloud architecture
Slide 29: THANK YOU
THANK YOU Reşitpaşa Mah. Katar Cad. No: 4/1 ARI Teknokent 2 İç Kapı No: 601 34469 Maslak, İstanbul, Türkiye
Hitit Bilgisayar Hizmetleri A.Ş. — FY2024 Earnings Presentation on 6ix