Slide 1: Investor Presentation April 2026
Investor Presentation April 2026 Investor Relations Sensitivity: Internal / Non-Personal Data
Slide 2: Agenda
Agenda ▪ Company Overview ▪ Investment Highlights ▪ 1Q26 Highlights ▪ Guidance ▪ Sustainability ▪ Appendix Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 3: Company Overview
Company Overview Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 4: Arçelik: Such a great history
Arçelik Such a great history... • Establishing a new JV with Hitachi* (2021) • Acquisition of Whirlpool Türkiye Plants** (2021) • Issuance of EUR350mn Greenbond • Acquisition of Defy in South • Acquisition of Whirlpool’s Russian assets Africa (2011) (2022) • Beko starts marketing & sales • Establish
Slide 5: Arçelik at a glance
120 57 subsidiaries countries 38 22 production Brands* 28 R&D and design facilities center & offices ≈ 45Kemployees ≈ 11 BILLION EUR consolidated revenues As of 2025 year-end * Owned or used with a limited license Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 6: Production Network
Production Network 4.4% 3.8% 12.7% 1Q26 as % of Total 48.0% Production 31.1% Türkiye CIS & Eastern Europe Asia-Pacific Western Europe Africa & Middle East 38 Manufacturing Facilities in13 Countries Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 7: Strong Global Footprint
Strong Global Footprint With strong partnerships and brands, we manage a diversified portfolio that reaches millions of households worldwide. * Licensee limited to certain jurisdictions Investor Presentation Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 8: Arçelik: A leading global household appliances company
Arçelik A leading global household appliances company with… Strong Ownership Structure Diversified Revenue Composition Leading Positions* 2025 Founded in 1955, Arçelik has grown to become 64.83% Koç Group the largest white goods company in Europe! 19% Market leader in Türkiye. 19% 32% 32% 17.56% Fre
Slide 9: Investment Highlights
Investment Highlights Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 10: Investment Case
Investment Case Diversified Revenue Generation Serving customers in over 150 countries with a wide product range and enhanced brand portfolio including 22 brands. with a Wide Range of Products Lovemark in Türkiye as the leading white goods producer, number one player in Leading Positions in Key Mark
Slide 11: Diversified Revenue Generation with a Wide Range of Products
Diversified Revenue Generation with a Wide Range of Products Serving customers in over 150 countries with a wide product range including 22 brands Sales Breakdown Product Range 4Q25 2025 Built-in & Freestanding Consumer Electronics Major Appliances ▪ TV’s ▪ Refrigerators ▪ Smart Phone’s ▪ Freezers ▪
Slide 12: Leading Positions in Key Markets
Leading Positions* in Key Markets Lovemark in Türkiye, number one player in Europe, leading positions in EM markets Premium brand in Türkiye, continuously a significant market leader and Lovemark for consecutive years. Market leader in Europe as the fastest growing white goods brand in the European
Slide 13: Proven Track Record of Inorganic Growth
Proven Track Record of Inorganic Growth Geographical expansion backed by smart strategy 2002 Acquisitions of Elektrabregenz, Blomberg, Leisure, Flavel, Arctic 2007 Acquisition of Grundig 2011 Multimedia and Grundig Brand Acquisition of Defy in South Africa 2016 Acquisition of Dawlance 2018 in Pakist
Slide 14: Cost Competitiveness with Huge Production Network
Cost Competitiveness with Huge Production Network Expanding production base through acquisitions and greenfield investments Low-Cost Base 4.4% 3.8% Most labor-intensive functions, including HQ, R&D and production facilities located in low-cost countries. 12.7% 1Q26 Economies of Scale as % of Total 4
Slide 15: Financial Strength & Ratings in line with Türkiye Sovereign
Financial Strength & Ratings in line with Türkiye Sovereign Solid revenue growth, sustainable margins and recognized diversification by rating agencies S&P Global Ratings Fitch Ratings B+ B+ BBB BBB Stable Negative Negative BBB- BBB- Investment Grade Threshold Investment Grade Threshold Stable Stabl
Slide 16: Leading R&D Capabilities & Sustainability Vision
Leading R&D Capabilities & Sustainability Vision Designing technologies that will improve the future We integrate rapidly developing technologies into our business model. We dream …and are taking concreate steps around the world toward our 2030 of a more goals to address the needs of the planet and
Slide 17: 1Q26 Highlights
1Q26 Highlights Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 18: 1Q26 Highlights
1Q26 HIGHLIGHTS Improved profitability through disciplined execution Profitability improved through disciplined execution Gross margin up by 1.1 pp y/y and 0.8 pp q/q and protected input costs despite softer demand EBITDA margin up by 1.1 pp y/y and 1.2 pp q/q Post-merger integration continued to su
Slide 19: Key Factors / Sales & Margins
Key Factors / Sales & Margins CHANGE IN CHANGE IN CHANGE IN REVENUE GROSS MARGIN EBITDA MARGIN* -8.8% +1.1 pp +1.1 pp Advantageous raw material costs secured Unfavorable price & product mix Higher Gross Margin through supplier agreements before conflicts Weak demand Synergy & cost savings Favorable
Slide 20: Summary Financials
Summary Financials TRY mn 1Q26 1Q25* y/y (%) 4Q25* q/q (%) Revenue 130,272 142,797 -9 141,012 -8 Gross Profit 38,822 40,928 -5 40,903 -5 Operating Profit 2,121 1,313 62 1,090 94 Other Inc./Exp. (567) 193 -393 1,120 -151 Financial Income/Expense (7,408) (8,436) -12 (4,862) 52 Monetary Gain/Loss 6,155
Slide 21: Continued commitment to deleveraging
Continued commitment to deleveraging – higher leverage due to NWC seasonality Net Debt* & Leverage** Debt Currency & Rates Breakdown Currency Effective Original Currency TRY Equivalent *** Interest Rate p.a. (mn) (mn) EUR 4.5 2,357 120,266 TRY 36.7 40,886 40,886 4.92 USD 7.6 301 13,369 4.50 200,000
Slide 22: Key Performance Indicators
Key Performance Indicators Adj. EBITDA Margin* Working Capital/Sales** 01% 21.8% 22.1% 00% 06% 05% 00% 1Q25 One-off 1Q26 2025 1Q26 GP Margin Operating Expenses Adjustment CAPEX/Sales*** Free Cash Flow 3.0% 2.1% -16,894 TRY mn -19,226 1Q25 1Q26 1Q25 1Q26 * Adj. EBITDA: GP – OPEX (excluding one-off ex
Slide 23: Guidance
Guidance Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 24: 2026 Guidance
2026 Guidance We are proactively revising our international sales guidance in light of recent geopolitical risks and continue to closely monitor global uncertainties as the trajectory evolves. Initial Revised Guidance Guidance* 2026 Revenue Türkiye (in TRY) Flattish Flattish International (in FX) Lo
Slide 25: Sustainability
Sustainability Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 26: We design technologies that will improve the future
We design technologies that will improve the future We are determined to put our efforts into building a sustainable supply chain, developing a sustainable product range, improving the lives of people, and maintaining our leadership in sustainability In Touch With Our Planet In Touch With Human Need
Slide 27: Ambitious 2030 Targets
Ambitious 2030 Targets 100 MW 15% 80% 99% 100% Establish renewable Energy consumption Arçelik Green Chemistry Increase waste Green electricity energy systems with a per product in Management System recycling ratio in all usage in all capacity manufacturing implementation in all manufacturing facilit
Slide 28: Net zero emissions in our value chain by 2050
In Touch With Our Planet We are committed to achieving net zero emissions in our value chain by 2050 Net Zero Roadmap Net Zero Roadmap ▪ Base Year: 2022 ▪ Near Term Target: 2030 31,753,839.00 ▪ Long Term Target: 2050 In 2024, the Science Based Targets initiative 21,911,357.00 (SBTi) approved Arçelik
Slide 29: Ambitious 2030 Targets: needs of society
Ambitious 2030 Targets to meet the needs of society 100K Girls** 150 Women** 60% 560 Women Engineers*** 1,000 Women** Provide STEM Increase the number of Increase the employment Support the career Increase the number of Training by 2026 women dealers by Rate of women employees development women tech
Slide 30: Ambitious 2030 Targets: progressive global citizen
Ambitious 2030 Targets for being a progressive global citizen * 32 hours 35% 32% 38% Training hours per Ratio of women Ratio of women in Ratio of women in employee in the total workforce top management STEM related positions positions 5,000 100% ISO 50001 Supplier employees Ensure our suppliers** us
Slide 31: Green Financing
Green Financing Green Bond Green Loan Sustainability-Linked EUR 350 Million EUR 150 Million Financing Framework Arçelik has issued green bonds with a Arçelik has signed an eight-year EUR 150 Our Sustainability-Linked Financing nominal value of EUR 350 million and million loan agreement with the Euro
Slide 32: Our success is recognized: top performers in global indices
Our success is recognized: We are among the top performers in global indices. For the second consecutive year, we are proud to be recognized on TIME Magazine’s list of the World’s Most Sustainable Companies, ranking 17th and securing the #1 position in our sector. At Beko, sustainability is not a si
Slide 33: Our success is recognized: top performers in global indices
Our success is recognized: We are among the top performers in global indices. By scoring 86 (out of 100) in the 2025 S&P Included WEF Global Lighthouse Network with Washing Global Corporate Sustainability Assessment, Machine Plant in Ulmi, Romania in 2018 , Eskişehir Arçelik achieves the highest sco
Slide 34: Our success is recognized: top performers in global indices
Our success is recognized: We are among the top performers in global indices. As a result of the 72 out of 100 points that Arçelik Arçelik achieved 1st place in its sector with received in the 2025 EcoVadis Sustainability 88/100 in 2023 LSEG ESG evaluation Assessment, the company was awarded a "Silv
Slide 35: Our success is recognized: top performers in global indices
Our success is recognized: We are among the top performers in global indices. Arçelik achieved 1st place in its sector with As a result of the 82 out of 100 points that Arçelik 94/100 in 2024 LSEG ESG evaluation (Access received in the 2025 EcoVadis Sustainability Assessment, date: 15.12.2025) the c
Slide 36: Our Partnerships
Our Partnerships: We support and guide the work of respected international and local organizations. Our CEO Hakan Bulgurlu, since 2023, has been Arçelik became one of the 200+ companies Support development of corporate finance the President of the European Association of Joined Alliance of CEO Clima
Slide 37: Appendix: Beko Europe
Appendix Beko Europe Investor Presentation Sensitivity: Internal / Non-Personal Data
Slide 38: Beko Europe
Beko Europe* Number one** player in Europe market, with the launch of Beko Europe! ▪ Beko Europe is a leading home appliances business, dedicated to changing the lives of our customers through a wide range of innovative and sustainable household products and solutions. ▪ Newly formed Beko Europe’s 7
Slide 39: Beko & Whirlpool Transactions
BEKO & WHIRLPOOL Europe TRANSACTIONS ▪ Arçelik's and Whirlpool’s production, sales, and marketing subsidiaries operating in Europe was On January 17, 2023*, Arçelik A.Ş. and transferred under a structure where Arçelik will control a 75% majority stake, Arçelik's wholly- Whirlpool signed an agreement
Slide 40: Beko Europe
Beko Europe Number one player in Europe, with the launch of Beko Europe! Transaction: Subsidiaries: Facilities: Beko Europe has transferred Whirlpool Europe’s Beko Europe now includes 69 subsidiaries, of Beko Europe owns 16* plants, of which 14 plants white goods production, sales and marketing whic
Slide 41: Contacts
Contacts Barış Alparslan Mine Şule Yazgan Sezer Ercan Seçkin Aymak Chief Financial Officer Finance & Enterprise Risk Investor Relations IR & Capital Markets Compliance (+90) 212 314 39 01 Executive Director Senior Lead Lead (+90) 212 314 30 60 (+90) 212 705 96 81 (+90) 212 314 39 56 www.bekocorporat
Slide 42: Disclaimer
Disclaimer This presentation contains information and analysis on financial statements as well as forward-looking statements that reflect the Company management’s current views with respect to certain future events. Although it is believed that the information and analysis are correct and expectatio
Slide 43: Thank You!
Thank You! Investor Relations Sensitivity: Internal / Non-Personal Data