Hitit Bilgisayar Hizmetleri A.s. · BIST:HTTBT
Hitit Bilgisayar Hizmetleri A.s — Q1 2026 Earnings Presentation
27 slides from Hitit Bilgisayar Hizmetleri A.s's earnings presentation, Mar 31, 2026
Slide 1: Shaping the Future of Aviation and Travel Technology
Shaping the Future of Aviation and Travel Technology 2026 March Results Presentation www.hitit.com
Slide 2: Hitit At a Glance
Hitit At a Glance West Africa’s largest, Europe’s second One integrated #1 global leader in Modern and largest, and the solution suitable new-gen IATA scalable cloud world’s third largest for all airlines, ARM/NDC platform with airline reservation from the smallest technology integrated AI system pr
Slide 3: Crane Partner Community
Crane Partner Community We meet the needs of Partners in 47 different business models all over the 67 COUNTRIES world PARTNERS 6 CONT.
Slide 4: Empowering Global Aviation
Empowering Global Aviation Visualization of Hitit Partner aircraft movements within a 24-hour period based on FlightRadar 24 data
Slide 5: Empowering Global Aviation
Empowering Global Aviation Visualization of destinations served by Hitit Partners based on live airport data within Crane systems
Slide 6: Hitit by Numbers
Hitit by Numbers Growth remains intact, SaaS scalability is being preserved, and margins are normalizing modestly from a high base while the business model and cash position remain robust. Revenue EBITDA Net profit Passenger volume Partner USD 11.4 mn USD 4.1 mn USD 1.9 mn +18% 67 +19% vs. Q1 2025 3
Slide 7: Hitit by Numbers
Hitit by Numbers Integrations with Countries with border Airports served Sales volume different banks and and customs systems through Crane DCS in generated by Hitit alternative payment integrated with Hitit 160 countries Partners in 2025 systems 91 123 900+ $11.5 billion
Slide 8: Financial and Other Key Developments
Financial and Other Key Developments Technology and product investment Liquidity and capital discipline USD 5.3 mn investment 6.2 mn USD cash Investment-to-revenue ratio: 46% 4.9 mn USD net cash ▪ R&D and product-development spending continues to support a scalable ▪ The strong liquidity profile sup
Slide 9: Q1 2026: Sustainable Growth
Q1 2026: Sustainable Growth In the first quarter of 2026, growth continued to be volume-driven while profitability was maintained; the scaling and efficiency- focused growth approach was reinforced. Revenue growth EBITDA margin Revenue currency mix Operating footprint +19% 37% 77% FX 67 partner/47 c
Slide 10: Forward-Looking Expectations
Forward-Looking Expectations Management guidance is being maintained, with the aim of optimizing margins, cash generation, and recurring revenue quality while sustaining growth. Revenue growth EBITDA margin 25 % - 30 % 43 % - 48 % Full-year growth target Scale economics and discipline Net profit mar
Slide 11: Financial Snapshot
Financial Snapshot Net cash Revenue EBITDA ROIC USD 4.9 mn USD 11.4 mn USD 4.1 mn 14% As of 31 March 2026 +19% year-on-year 37% margin Capital efficiency Investor perspective ▪ Use of USD as the functional currency helps simplify interpretation of reported results. ▪ The net cash position provides f
Slide 12: Revenue Mix and FX Resilience
Revenue Mix and FX Resilience SaaS share Software development & Project-based revenue FX revenue ratio maintenance 25% 70% 24% 6% 77% Q1 2026 revenue mix Recurring TRY/ EUR mix Lower share | lower visibility Predominantly USD and EUR 11% 64% Revenue breakdown 2025-3M 2026-3M Share (USD) SaaS 6,166 7
Slide 13: Cost Structure and Natural Hedge
Cost Structure and Natural Hedge Total cost TRY-denominated cost Largest cost item FX protection USD 9,726K 64% Personnel FX revenues | TRY costs As of end-March 2026 Natural hedge advantage Primary driver of the cost base Supports margin resilience Cost Breakdown1 Cost Breakdown2 Currency Distribut
Slide 14: Key New Developments
Key New Developments Payment Orchestration and Oxygen Developments LLM and Agentic Artificial Intelligence Platform Developments Hitit Payment Orchestration (HPO) has gone live (ADS) over Hitit’s cloud infrastructure. The migration of existing integrations with various banks and payment processors t
Slide 15: Industrial KPIs
Industrial KPIs Change Trends in Key Indicators March 2026 Scheduled vs. Flown Western European (ARA) Aviation Fuel Stockpiles Available Seat Kilometers (ASK) Changes Historical Comparison Source: Cirium Aviation Analytics
Slide 16: Balance Sheet
Balance Sheet Total assets Equity Cash Bank loans USD 83.7 mn USD 71.2 mn USD 5.7 mn 0 As of 31 March 2026 Strong capital base Period-end balance Short-term debt fully repaid Selected balance sheet items (USD mn) 31.12.2025 31.03.2026 Cash and cash equivalents 11.87 5.73 Balance-sheet commentary Tra
Slide 17: Income Statement
Income Statement Net sales Gross margin EBITDA Net profit USD 11.35 mn 42% USD 4.15 mn USD 1.90 mn +19% year-on-year Q1 2025: 46% 37% margin +4% year-on-year 012 $11 Summary income statement (USD mn) 2025-3M 2026-3M YoY change 010 $10 Net sales 008 9.54 11.35 19% 006 COGS (-) (5.14) (6.59) 28% $4 00
Slide 18: Our Projects for a Sustainable World
Our Projects for a Sustainable World Gender Equality Climate & Energy Sport Health Education Steps to strengthen Aiming to mitigate Contribution to the Projects in Educational equal opportunities in the effects of wider adoption of collaboration projects in our industry through climate change sports
Slide 19: Corporate Social Responsibility Projects
Corporate Social Responsibility Projects We integrate sustainability into our production, business processes, and social projects. By continuously reviewing our ESG strategies, we embrace a sustainability approach that is committed to society, the environment, and ethical principles. Education Gende
Slide 20: Corporate Social Responsibility Projects
Corporate Social Responsibility Projects We integrate sustainability into our production, business processes, and social projects. By continuously reviewing our ESG strategies, we embrace a sustainability approach that is committed to society, the environment, and ethical principles. Rackets Up (Uça
Slide 21: Sustainability Initiatives
Sustainability Initiatives Hitit has launched its collaboration with Wastespresso, which upcycles coffee waste through advanced recycling processes and reintegrates it into the economy. Through this initiative, coffee grounds generated in our offices are transformed from waste into valuable input wi
Slide 22: Appendix
Appendix Shareholder Organizational High The Crane Structure Structure and Employee Family Current Values Seniority and Satisfaction
Slide 23: Shareholder Structure
Shareholder Structure As of March 31, 2026 36.20% 22.81% 4.71% 4.34% 4.34% 27.60% Pegasus Hava Fatma Nur Dilek Hakan Özkan Free Float Taşımacılığı Gökman Ovacık Ünlü Dülger A.Ş.
Slide 24: Organizational Structure and Current Values
Organizational Structure and Current Values General Management Application Financial Product Transportation Delivery Infrastructure Sales & Human Technology Engineering Affairs & Strategy Solutions & Operation Marketing Resources & Security Purchasing Total Number of Employees* Leadership Team Gende
Slide 25: High Employee Seniority and Satisfaction
High Employee Seniority and Satisfaction Senior IT Staff According to 2025 LinkedIn data, while the average seniority in the top 10 software companies in Türkiye is 4 Seniority and retention of employees above the industry years, this figure is 5.7 years for Hitit employees. average Experienced Mana
Slide 26: Crane Solutions
Crane Solutions We provide turn-key solutions for every step of the way in air travel.
Slide 27: Thank You
www.hitit.com 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. — Q1 2026 Earnings Presentation on 6ix