Haci Omer Sabanci Holding A.s. · BIST:SAHOL
Haci Omer Sabanci Holding A.s — Hacı Ömer Sabancı Holding A.Ş. — Investor Presentation (September 2026)
31 slides from Haci Omer Sabanci Holding A.s's investor presentation, September 2026
Slide 1: Investor Presentation
Investor Presentation Sustainable, Digital, Scalable Most Honored Company in Emerging EMEA Industrials SEPTEMBER 2026 Extel 1 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: Why Invest in Sabancı?
Why Invest in Sabancı? Best proxy for Türkiye with an expansive global vision Leveraging our DNA and expertise to dynamically manage a portfolio for growth and competitive advantage Ample balance sheet capacity to accelerate portfolio transformation with scalable investments Pioneering in climate tr
Slide 4: Best Proxy for Türkiye with an Expansive Global Vision
Best Proxy for Türkiye GDP Growth vs Sabancı(1) Growth Türkiye Industrial Turnover Index vs Sabancı Industrial Turnover (1,2) Türkiye with 300 800 an Expansive 700 600 Global Vision 200 500 400 300 100 200 100 0 0 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 SAHOL (USD) Türkiye GDP (USD) Sabanc
Slide 5: Diversified with Market Leading Positions
Diversified with Market Leading Positions 47.9% 52.1% Sabancı Family Free Float BANKING & FINANCIAL SERVICES ENERGY & CLIMATE TECHNOLOGIES % of NAV: 41% % of NAV: 41% SAHOL: 40.7% SAHOL: 40.0% SAHOL: 36.0% SAHOL: 40.0% SAHOL: 50.0% SAHOL: 100% Other: 6.2% Ageas: 40.0% Ageas: 36.0% E.ON: 40.0% E.ON:
Slide 6: Dynamic Portfolio Management to Enable NAV Growth
Dynamic Portfolio Management to Enable NAV Growth Network Optimization Acquisition Sabancı Holding driven NAV growth NAV Growth driven by Group Companies in Building Materials of remaining Acquisition of Business (EUR110mn) 6% stake in Eşarj Oriana Solar LLC (232 MW & 60 MW Commissioning to reach 10
Slide 7: Improving operating performance supporting a significant turnaround in bottom-line
Improving operating performance supporting a significant turnaround in bottom-line Combined Revenue (TL bn)(1) Combined EBITDA (TL bn) Consolidated Net Income/Loss (TL bn) -9% 13.5% 12.3% 943.4 -13% 9% 857.7 208 110.5 14% 101.0 170 524.4 14.5 459.0 56.7 49.7 139 2.3 151.6 113 -5% 5% 111.7 90.0 12.2
Slide 8: Five-fold recovery in ROE with OCF moderated by working capital changes
Five-fold recovery in ROE Return on Equity with OCF moderated by working capital changes 4.9% 4.1% Operational Cash Flow, Combined & Non-bank (TL bn)(1) 1.9% 5.4% 1.0% 0.5% -0.7% -2.3% -2.8% 35.9 -5.1% 26.0 -6.6% -9.7% H1 2025 H1 2026 2024 H1 2025 2025 H1 2026 Bank Non-Bank Consolidated (1) Excludes
Slide 9: Record-high cash position and prudent leverage preserving financial flexibility
Record-high cash position and Non-Bank prudent leverage preserving Capex/Sales (3) financial flexibility 14.6% Net Financial Debt to Non-Bank EBITDA(1) Holding Only - Net Cash (TL bn)(2) 13.5% 12.6% 12.3% Policy: 35.3 ≤ 2x 1.7x 1.6x 1.4x 12.4 8.5 2024 2025 H1 2026 2024 2025 H1 2026 2024 2025 H1 2025
Slide 10: Sustainable and Balanced Dividend Income Between Bank and Non-bank
Sustainable and Balanced Dividend Income Between Bank and Non-bank Dividends Received (TL bn) DPS (TL) Banking & Financial Services Energy & Climate Tech Material Tech 68% 28% Outflow/Inflow 10.2 Pay-Out Ratio 5 year 5 year 9.4 on average 8% on average 8.5 15% 13% 7.1 41% 12% 40% 52% 34% 2.94 3.00 2
Slide 11: Top-notch performance in ESG Indices
LOCAL RANK GLOBAL RANK Top-notch performance in ESG Indices CLIMATE CHANGE Among Local and Global Peers WATER SECURITY Sabancı Holding has been awarded with six diamonds by EFQM and won special award of Outstanding Achievement for Sustainability Sabancı Holding is listed in the Sustainability Yearbo
Slide 12: Growth Disciplined by Returns
Growth Disciplined by Returns Consolidated Revenue (USD) and EBITDA Margin(%) August 2026 NAV Breakdown(1) 2019-2024 CAGR Revenue Growth % Sabancı Holding 20 %41 10 0 Peer avg. 5- year average %1 -10 EBITDA margin %13 USD 8.8bn %4 4 6 8 10 12 14 16 18 20 22 24 26 28 30 ROE-COE Spread and Net Income
Slide 13: Capital Allocation Framework
Capital Allocation Framework Capital Allocation Discipline Manage the Value Deployment Criteria Protect & Invest to Grow Cash generative assets with High Return platforms with Primary Focus Return Threshold strict capital discipline and scalable economics and clear Sustainability aligned, globally T
Slide 14: More Balanced NAV with a Solid Growth and Higher Return
More Balanced NAV with a 2029 TARGET NAV Solid Growth and Higher Return Energy & Climate Technologies 2019 NAV August 2026 NAV 41% 19% Digital 1% 14% USD20bn Material 13% Technologies 1% USD6bn 13% USD8.8bn 4% 53% 41% Banking & Financial Services WACC Adjusted Return: +20 bps WACC Adjusted Return: +
Slide 15: Our Roadmap to Enhance Value
Our Roadmap to Enhance Value 2024-2029 GUIDANCE NET ASSET VALUE (USD)(1) USD20bn WACC ADJUSTED RETURN(2) +120-150bps CAPEX / REVENUES(3) 15 %- 20 % FX SHARE in REVENUES(4) 30 % + NET DEBT / EBITDA(3) ≤2.0 x Decreasing Scope 1 and 2 GHG(5) 42% by 2030 Ratio of Women leaders at Holding 50% by 2030 (1)
Slide 16: Sustainable, Digital, Scalable Strategic Business Units
Sustainable, Digital, Scalable Strategic Business Units
Slide 17: Energy: Leading Energy Transformation in Türkiye, Exploring New Technologies Globally
Energy: Leading Energy Transformation in Türkiye, Exploring New Technologies Globally Distribution & Retail Generation & Trade Generation & Ventures ๏ Electricity distribution and retail services ๏ Multiple generation technologies and digital ๏ Renewable electricity generation in with ~25% market sh
Slide 18: Digital: Empowering Digital Growth
Digital: Empowering Digital Digital SBU established in March 2023 aligned with the Sabancı Group’s commitment to invest in digital space positioning as a major Growth business pillar for growth Data Center Hybrid Cloud ๏ Hyperscale/ wholesale grade data center ๏ Multi – hybrid Cloud focus focus ๏ Mo
Slide 19: Material Technologies: Transforming into Advanced Materials
Material Composite Insulation & Other Technologies: ๏ Aerospace and automotive industry ๏ High performance PIR insulation Transforming into ๏ Production US, Italy and Türkiye ๏ EPS insulation ๏ Earthquake strengthening ๏ PET based food packaging products Advanced Materials (95% recycled) Cement Conc
Slide 20: Banking: Non-stop innovation & differentiation by leveraging AI
Banking: Non-stop innovation & differentiation by leveraging AI Sales & Service Next-Gen AI Assistants & Scaling across the Model Digitalization Infrastructure Ecosystem ‣ Segment-based service model ‣ Core engines: AI-powered ‣ Strategic pillars of AI strategy: ‣ Investing in our subsidiaries' mobi
Slide 21: Financial Services: Strong Portfolio Companies in Life, Non-life and Health Businesses
Financial Services: Strong Portfolio Companies in Life, Non-life and Health Businesses Life & Pension Non-Life Health 1st 60+ 2.5 million Green-field competence center In Private Pension AuM focusing on health Years Experience Customer Technology, organization and processes built “among private comp
Slide 22: Appendix
Sustainable, Digital, Scalable Appendix
Slide 23: Disciplined Leadership with Extensive Expertise
Disciplined Leadership with Extensive Expertise Kıvanç ZAİMLER BOARD MEMBER & CEO Kıvanç Zaimler has served as CEO and board member of Sabancı Holding since June 1, 2025. Since 2018, as Head of the Sabancı Energy Group, he has chaired the boards of Enerjisa Enerji, Enerjisa Üretim and Sabancı Climat
Slide 24: Diversified and Disciplined Decision-Making Organization Key Policies
Diversified and Disciplined Decision-Making Organization Key Policies Responsible Investment 9 Members 3 Independent Capital Allocation Framework 33% Woman Sabancı Holding Sabancı Holding Board of Directors Code of Business Ethics CEO Corporate Governance, Nomination Anti-Bribery and Anti-Corruption
Slide 25: Operational discipline and portfolio actions supporting profitability
Operational discipline and portfolio actions supporting profitability Combined Revenue (TL bn)(1) Combined EBITDA (TL bn) Consolidated Net Income/Loss (TL bn) 15.2% -10% 13.5% 13% 471.7 -11% 54.1 426.1 27% 47.8 261.7 24.6 231.9 19.4 14.2 4% 2.0 -8% 28.4 29.4 12.1 210.0 194.2 2.3 0.1 2.2 Q2 2025 Q2 2
Slide 26: Financials in Detail
Financials in Detail Combined Revenue(1) Combined EBITDA Consolidated Net Income/Loss MILLION TL Q2 2025 Q2 2026 Change H1 2025 H1 2026 Change Q2 2025 Q2 2026 Change H1 2025 H1 2026 Change Q2 2025 Q2 2026 Change H1 2025 H1 2026 Change TOTAL 471,686 426,066 -10% 943,419 857,673 -9% 47,801 54,069 13%
Slide 27: Dividend Performance
Dividend Performance MILLION TL 2022 2023 2024 2025 2026 Akbank 494 3,666 4,063 2,589 4,666 Akçansa 36 99 457 477 143 Aksigorta - - - - - Agesa - 60 120 400 500 Brisa 270 479 452 283 - Carrefoursa - - - - - Çimsa 109 218 545 327 382 Kordsa 114 41 - - - Teknosa - - - - - Enerjisa Enerji 586 1,087 1,3
Slide 28: Sabancı Holding NAV After Independent Valuation Reports
Sabancı Holding NAV After Independent Valuation Reports USD mn August 2026 Companies Free Float Direct Stake Valuation Method Mcap Value to Sabancı Holding % of NAV Akbank 54% 41% Market value 7,756 3,160 33.0% Enerjisa Enerji 20% 40% Market value 2,699 1,080 11.3% Aksigorta 28% 36% Market value 208
Slide 29: Sabancı Holding NAV After Independent Valuation Reports
Sabancı Holding NAV After Independent Valuation Reports USD mn December 2025 Companies Free Float Direct Stake Valuation Method Mcap Value to Sabancı Holding % of NAV Akbank 54% 41% Market value 8,597 3,452 35.1% Enerjisa Enerji 20% 40% Market value 2,597 996 10.1% Aksigorta 28% 36% Market value 245
Slide 30: Proactive and Transparent Investor Relations
Proactive and Transparent Investor Relations Among Emerging EMEA 5 Years in a Row Most Honored Best Best Best Company in the Company CEO CFO Emerging EMEA Board 2026 Most Honored Best IR Most Honored Company in the Best Team Company in the in Investor Program Emerging EMEA Emerging EMEA Relations 20
Slide 31: 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
Hacı Ömer Sabancı Holding A.Ş. — Investor Presentation (September 2026) on 6ix