Turkcell Iletisim Hizmetleri A.s. · BIST:TCELL
Turkcell Iletisim Hizmetleri A.s — Turkcell — Q1 2026 Earnings Presentation
18 slides from Turkcell Iletisim Hizmetleri A.s's earnings presentation, May 11, 2026
Slide 1: Turkcell Group Q1 2026
TURKCELL GROUP Q1 2026 MAY 11, 2026
Slide 2: Q1 2026 Business Overview
Q1 2026 BUSINESS OVERVIEW Ali Taha Koç, PhD Turkcell CEO
Slide 3: Secured USD 1 billion murabaha to finance 5G
ALT 2 SECURED 1 BILLION USD MURAHABA TO FINANCE 5G & NEXT GENERATION TECH SIMULTANEOUS 5G EXPAND DATA ~25% SPEED TESTS ACROSS PACKAGES SMARTPHONE CAMPAIGNS HIGHER CAPACITY TO BOOST 5G DEVICE (VS. CLOSEST COMPETITOR) 81 CITIES 5x PENETRATION Q1 2026 Results| 3
Slide 4: A Strong Start to 2026
A Strong Start to 2026 Executing Strongly Across Key Priorities 1 2 3 4 5 RAPID GROWTH IN MAINTAINING STRONG EXECUTING ON LEADING TÜRKİYE’S PIONEERING HIGH DIGITAL BUSINESS BALANCE SHEET & STRATEGIC PARTNERSHIPS 5G TRANSITION SPEED FIBER SERVICES SHAREHOLDER RETURNS & PLATFORMS Murabaha 5G ecosystem
Slide 5: Q1 2026 Highlights
Q1 2026 Highlights Strong Start, High Velocity: Delivering Growth in Q1 Robust performance… …powered by operational excellence …supported by key growth engines Revenue Techfin Postpaid Net Add TRY 68.4 Billion Revenue Growth 661 K 8.9% YoY increase 4.0% YoY increase EBITDA DC & Cloud Turkcell Fiber
Slide 6: Mobile Operational Highlights
Mobile Operational Highlights SUBSCRIBER TREND Million POSTPAID PREPAID CHURN MONTHLY AVG. Net Add Net Loss 32.2 9.0 31.5 661 K 6K QoQ QoQ 2.7% 29.3 7.6 7.6 1.7% 1.6% Net Add Net Loss 3.0 MN 1.5 MN YoY YoY Q1 25 Q4 25 Q1 26 Q1 25 Q4 25 Q1 26 Q1 25 Q4 25 Q1 26 MOBILE ARPU (excl. M2M) MOBILE ARPU vs C
Slide 7: Fixed Broadband Operational Highlights
Fixed Broadband Operational Highlights SUBSCRIBER TREND THOUSAND TURKCELL FIBER RESELL CHURN Net Add Net Loss MONTHLY AVG. 21 K 26 K QoQ QoQ 1.8% 2,574 2,595 1.6% 2,484 1.4% 774 Net Add Net Loss 713 1.4% 111 K 687 87 K 1.2% 1.2% YoY YoY 86% 88% 88% 12-Month contract Q1 25 Q4 25 Q1 26 share in reside
Slide 8: Digital Business Services
Digital Business Services Large-Scale System Integration Success DIGITAL BUSINESS SERVICES DATA CENTERS REVENUE DC & CLOUD REVENUE (MILLION TL) (MILLION TL) 54 MW Total IT Capacity ▲64% YoY (50 MW Active) ▲21% YoY 8,494 1,515 5,184 3,529 1,254 487 605 €598 MN Total Data Center 958 Investment (as of
Slide 9: Techfin Business
Techfin Business Supporting Group Performance FINANCIAL HIGHLIGHTS MILLION TL FINANCIAL HIGHLIGHTS MILLION TL 10% YoY 2510 ▲15% YoY 2010 Revenue 8.3% 2,096 1500 8.0% 1510 1,819 1000 1,645 6.0% 1010 Revenue 1,479 EBITDA ▼7% YoY 4.7% 4.0% 510 714 NIM 3 500 667 2.0% 10 0 0.0% Q1 25 Q1 26 Q1 25 Q1 26 OP
Slide 10: Q1 2026 Financial Overview
Q1 2026 FINANCIAL OVERVIEW Kamil Kalyon Turkcell CFO
Slide 11: Revenue & EBITDA Margin
Revenue & EBITDA Margin Turkcell Group Revenue EBITDA Margin MILLION TL % ▲8.9% ▼2.3pp 4,920 146 545 0.7% 0.8% (3.7%) (0.1%) 68,377 43.7% 41.4% 62,767 EBITDA Energy Funding Cost COGS Other EBITDA Revenue Δ Turkcell Δ Techfin Δ Other Revenue Margin Expenses Margin Q1 25 Türkiye Q1 26 Q1 25 Q1 26 • 4.
Slide 12: Net Income
Net Income Turkcell Group Million TL ▲14.9% • FX Impact (2,742) • Interest Expense 1,558 1,436 • Interest Income (988) (2,725) 872 (1,181) 161 4,210 (2,172) 4,634 4,033 Net income Δ EBITDA Δ Depreciation Δ Other income/ Δ Net finance Δ Monetary Δ Share of profit of Δ Income Tax Net income Q1 25 expe
Slide 13: CAPEX
CAPEX Turkcell Group OPERATIONAL CAPEX/SALES OPERATIONAL CAPEX BREAKDOWN Historical Figures Investments in Strategic Areas (Non-Core) Q1 26 2026E ~25% 21.5% 20.2% 1% ~5% 49% 5% 31% 33% 20% 10% 36% ~20% 15% 15% 13% 4% 5% 7% 5% 17% Q1 25 Q1 26 2026E Mobile Fixed Data Center Ren. Energy Other Note: Ope
Slide 14: Solid Balance Sheet
Solid Balance Sheet Turkcell Group SUMMARY NET DEBT / EBITDA Million 60,000 0.42x TL Q4 25 Q1 26 50,000 40,000 0.14x 30,000 Total Cash 101,048 95,773 20,000 48,827 10,000 16,383 - Financial Assets* 57,147 61,747 Q4 25 Q1 26 Net Debt Net Debt/EBITDA Total Assets 550,831 618,151 DEBT SERVICE (PRINCIPA
Slide 15: FX Exposure
FX Exposure Turkcell Group FX BREAKDOWN Cash Debt NET FX POSITION 29% 23% 64% USD MILLION USD EUR 20% TRY CNY 5% 71% 7% 24% 57% 800 300 Excl. FX Swaps Incl. FX Swaps After Hedging -200 (76) (102) (9) (957) (1,193) FX POSITION BREAKDOWN -700 USD MILLION EQUIVALENT -1200 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26
Slide 16: Thank You
THANK YOU IR Website For further information please e-mail or call Turkcell Investor Relations at investor.relations@turkcell.com.tr +90 212 313 1888 Q4 & FY 2025 Results| 16
Slide 17: Financial Summary
Financial Summary Turkcell Group Q1 2025 Q1 2026 YoY Growth MILLION TL Revenue 62,767 68,377 8.9% EBITDA 27,428 28,300 3.2% EBITDA Margin 43.7% 41.4% (2.3pp) EBIT 10,749 10,439 (2.9%) EBIT Margin 17.1% 15.3% (1.9pp) Net Income 4,033 4,634 14.9% Note: Figures are based on IFRS Q1 2026 Results| 17
Slide 18: Notice
Notice This presentation contains the Company’s financial information for the quarter ended March 31, 2026 prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). This presentation contains the Company’s fin