Slide 1: Koç Holding 1H 2026 Earnings Presentation
KOÇ HOLDING 1H 2026 EARNINGS PRESENTATION August 5, 2026 1H26 Earnings Presentation
Slide 2: Disclaimer
Disclaimer With the Capital Markets Board of Turkey’s Bulletin dated 28.12.2023 numbered 2023/81, CMB announced that issuers and capital market institutions shall prepare their annual financial statements ending on 31.12.2023 or later, in accordance with IAS 29 inflationary accounting provisions. Ac
Slide 3: Agenda
Agenda Koç Group Highlights Key Metrics Highlights on Main Sectors 3 1H26 Earnings Presentation
Slide 4: Koç Group Highlights
Koç Koç Group Group Highlights Highlights Key Metrics Highlights on Main Sectors 4 1H26 Earnings Presentation
Slide 5: Koç Group: 1H 2026 Highlights
Koç Group: 1H 2026 Highlights Strong Results In A Challenging Environment Solid financial performance alongside continued investments 7.2% TL 20.3bn US$ 1.7bn Combined Revenue Growth in Consolidated Net Income Combined Investment 1H26 (YoY) in 1H26 ( 147% YoY) in 1H26 (1H25: US$1.8 bn) Strong liquid
Slide 6: Koç Group: Financial Performance
Koç Group: Financial Performance Solid Results Driven by Portfolio Diversification and Disciplined Execution COMBINED CONSOLIDATED Revenue Profit Before tax Profit Before tax Net Income TL trillion TL billion TL billion TL billion 2.7 2.6 83.6 96.0 20.3 52.4 32.9 8.2 US$ bn 48.6 58.8 1.0 2.1 US$ mn
Slide 7: Koç Group: 1H 2026 Highlights
Koç Group: 1H 2026 Highlights Notable Strategic Actions Enhancing Focus, Scale and Efficiency KOÇ HOLDING PORTFOLIO COMPANIES • Sale of 47% stake in Koçfinans to Ford Otosan • Monetization of 2.1% stake in Tüpraş ($210 mn) • Divestment1 of 60% stake in Arçelik Hitachi H.A. ($261 mn) • Sale of 50% st
Slide 8: Key Metrics
Koç Group Highlights Key Metrics Highlights on Main Sectors 8 1H26 Earnings Presentation
Slide 9: Key Metrics
Key Metrics Diversification Across Sectors And Geographies Underpins Resilience Net Asset Value Breakdown by Sector1 Combined Revenue Breakdown 1H 2026 Auto Auto (Other) (PC & CV 11% International Manufacturing) 31% ~ 50% 21% Refining hard currency based 20% revenues Oil & Gas Finance Distribution 2
Slide 10: Key Metrics: Robust Liquidity
Key Metrics Robust Liquidity Net Cash Position Cash Breakdown Koç Holding-only, US$ million; as at 30 June 2026 30 June 2026 989 815 Hard Currency 76% TL 24% 2025 1H26 Koç Holding-only Koç Holding-only long fx position: US$ 612mn gross cash (club loan first US$ 1.6bn Consolidated short fx position a
Slide 11: Highlights on Main Sectors
Koç Group Highlights Key Indicators Highlights on Main Sectors 11 1H26 Earnings Presentation
Slide 12: Energy
Energy Robust Refining Margin Underpinned Bottom-Line Domestic Market Sales Volume Crack Margins 1H26 Highlights Million Tonnes USD/bbl Crack margins at record highs y/y -3% +6% +10% -2% Growth High-capacity utilization 10.2 9.9 Successful crude and product slate optimization 45.8 Solid domestic sal
Slide 13: Automotive
Automotive Navigating Demand Headwinds in a Competitive Market 1H26 Highlights Sales Volume Monthly Trend Thousand Units Thousand Units Strong domestic market position Koç Turkey Exports Market Share 22% 74% 24% 33% 51% Passenger Cars (domestic) Resillient export volume; strong TL acting as a headwi
Slide 14: Consumer Durables
Consumer Durables Margin Resilience Despite Weak Demand 1 Sales Volumes Across Markets MDA6 Market 1H26 Highlights Million Units " Koç Margin expansion through procurement savings & improvement projects Market Share 20% 68% 26% 30% 41% Favorable EUR/USD tailwind ARÇELİK y/y growth (%) y/y -15% +2% +
Slide 15: Finance
Finance Solid Financial Fundamentals Maintained TL Lending Growth Sector’s Loans & Deposits 1H26 Highlights 13 Weeks Annualized TL Billion, USD Billion Effective spread management supported margins Private Banks State Banks 1H26 q/q ytd y/y Core revenues remained resilient despite the macro backdrop
Slide 16: Value within Unlisted Companies
Value within Unlisted Companies Key Metrics of Selected Unlisted Companies Summary Financials of Selected Unlisted Companies TL Million Revenues EBITDA1 Book Value2 Entek: An integrated player in the electricity market 1H26 y/y 1H26 y/y 1H26 y/y • 490MW total installed capacity (77% zero carbon elec
Slide 17: Koç Group: 1H 2026 Financial Performance
Koç Group: 1H 2026 Financial Performance Solid Results Driven by Portfolio Diversification Financial Performance Consumer TL Million Energy Automotive Finance Other TOTAL Durables Combined Revenues1 1,019,497 769,776 309,723 517,754 118,558 2,735,308 Change (y/y) 31% 1% -14% -2% -2% 7% Segment Share
Slide 18: Q&A
Q&A 1H26 Earnings Presentation
Slide 19: Consolidated Key Financial Figures
Appendix Consolidated Key Financial Figures Consolidated Main Financial Indicators Consolidated Net Income TL Million TL Million 1H25 1H26 y/y Revenue 1,555,468 1,693,964 8.9% Gross Profit 266,601 306,610 15.0% 2,047 3,487 Operating Profit 61,729 95,971 55.5% 15,830 Profit Before Tax 32,898 83,637 1
Slide 20: Business Model Ensures Sustainability of Dividend Income
Appendix Business Model Ensures Sustainability of Dividend Income Dividend Income1 Dividend Payments1 TL Billion TL Billion Dividend 2023 2024 2025 2026 ytd Dividend 6% 28% 1021% 79% Tüpraş (inc. EYAŞ) 10.3 16.5 15.3 9.9 Payout Ford Otosan 6.0 7.8 10.5 4.9 38.5 Dividend 3.7% 4.5% 3.6% Tofaş 1.1 3.8
Slide 21: Relative Share Performance & NAV Discount Analysis
Appendix Relative Share Performance & NAV Discount Analysis Relative Share Performance of Koç Holding vs. Koç Group 1 NAV Discount/Premium2 Rebased at 2025YE 13% 40% 8% 35% 3% 30% 25% -2% 25% 20% -7% Historical 15% 19% 11% -12% Avg NAV discount since 2009: -15% Average 10% 47% -17% 14% 9% 5% -1% -22
Slide 22: 2026 Guidance of the Listed Group Companies
Appendix 2026 Guidance of the Listed Group Companies TÜRKTRAKTÖR 2025A 2026E 2026E - Apr'26 2026E - Aug'26 TÜPRAŞ 2025A 2026E 2026E - Aug'26 TOFAŞ 2025A 2026E 2026E - May'26 2026E - Jul'26 Sector ('000) Sector ('000) Tüpraş Net Refining Margin ($/bbl) 7.0 6.0-7.0 13-15 Total TR Tractor Sales 40 27-3
Slide 23: Our ESG Journey
Appendix Our ESG Journey Committed to be carbon neutral by 2050 International Platforms The Koç Group Carbon Transition Roadmap: 16% reduction in 2025 vs. 2017 baseline year ➢ United Nations Global Compact • CEO Water Mandate 20% by 2030 49% by 2040 ➢ WEF – Centre for Nature and Climate, Water Futur
Slide 24: Shareholding Structures
Appendix Shareholding Structures Koç Holding Koç Family: 63.48%1 Free Float: 26.85% Vehbi Koç Foundation: 7.29% Koç Pension Fund: 2.35% Share Buyback: 0.04% Consumer Energy Automotive Finance Other Durables Tüpraş Yapı Kredi Bank Marmaris Altınyunus Ford Otosan EYAŞ: 46.4% Arçelik KH: 20.22% KH: 60%
Slide 25: Contact Us
Contact Us Koç Holding Investor Relations Koç Holding IR Website Annual Report 2025 Contact the IR team: investorrelations@koc.com.tr +90 850 756 23 23 Sustainability Helin Çelikbilek, IR Coordinator İsmail Özer, IR Manager 25 1H26 Earnings Presentation