Logo Yazilim Sanayi Ve Ticaret A.s. · BIST:LOGO
Logo Yazilim Sanayi Ve Ticaret A.s — Logo Yazılım Sanayi ve Ticaret A.Ş. — Non-Deal Roadshow (September 2026)
38 slides from Logo Yazilim Sanayi Ve Ticaret A.s's roadshow presentation, Sep 15, 2026
Slide 1: Investor Presentation
Investor Presentation NDRoadshow - Ak Investment - London Canan Şenkut Investor Relations & Sustainability Director September 15th-16th, 2026 Genel Kullanım - General
Slide 2: Disclaimer
Disclaimer This presentation contains information and analysis on financial statements as well as forward-looking statements that reflect Logo management’s current views with respect to certain future events. Although it is believed that the information and analysis are correct and expectations refl
Slide 3: Logo at a glance: Türkiye's long-standing Enterprise Application Software leader
Logo at a glance: Türkiye’s long-standing Enterprise Application Software leader $135 M 230,000+ 2025 IFRS revenues Customers (IAS29 adj.) 86% 1,000+ Recurring invoiced revenue share Business partners in 2025 52% 900+ SaaS invoiced revenue share Employees in 2025 3 Genel Kullanım - General
Slide 4: Our software solutions and services
Our software solutions and services ERP eServices Enterprise resource e-Invoice, e-Archive planning invoice, e-Ledger, e-self emp. Invoice, fintech HR and Payroll Functional solutions Human capital Customer relationship management and payroll management (CRM), Business flow, Business intelligence (B
Slide 5: Investment highlights
Investment highlights Attractive Turkish software market and strong market positioning Accelerated SaaS transition Strong financial performance Strategic levers for sustainable growth 5 Genel Kullanım - General
Slide 6: Attractive Turkish software market
Attractive Turkish software market ERP adoption improving but still behind EU27 and Software’s share in Turkish IT market is expanding OECD average (%) 20% 17% 16% 15% 16% EU27 OECD Türkiye 38% 42% 33% 34% 43.3 40.3 44% 29.7 37% 45% 42% 51% 50% 36.1 33.2 13.9 2020 2021 2022 2023 2024 2017 2023 Softw
Slide 7: Logo market positioning: Longstanding SME leadership
Logo market positioning: Longstanding SME leadership with products serving the mission critical need across the lifecycle Employees #Firms ERP adoption Volume contribution Revenue contribution Competitors Large enterprise (250+) 10.8k 1 1 Medium (50–249) 48.7k 2 2 2-3 Small (10–49) 306k 3 3 Micro (<
Slide 8: Investment highlights
Investment highlights Attractive Turkish software market and strong market positioning Accelerated SaaS transition Strong financial performance Strategic levers for sustainable growth 8 Genel Kullanım - General
Slide 9: Accelerated SaaS transition
Accelerated SaaS transition Growth in SaaS revenues SaaS revenues (w/out IAS adj.) 2025 2,958 M TL 2024 1,693 2023 870 2017-2025 2022 413 SaaS revenue CAGR 2021 236 share up 3x in 8 74% 2020 153 years 2019 83 2018 47 2017 36 9 SaaS: eServices, fintech, Retail (Diva retail), İşbaşı, Peoplise, Wings S
Slide 10: SaaS solutions
SaaS solutions Total eService platform and leader SaaS solution for reliable SaaS solution for SaaS solution for MicroSMEs: in digital transformation and sustainable retail recruitment, on-boarding basic accounting software 217,000+ customers operations and talent engagement and e-invoicing services
Slide 11: Servitization strategy
Servitization strategy Subscription Subscription Subscription Subscription Web enabled Cloud 2025 2026e 28,000+ 36.000+ Small segment Small segment ERP customers ERP customers Sales model LEM (Annual license maintenance) Cloud ERP One-time license 2025 2026e One-time 2,800+ 4.000+ customers customer
Slide 12: Investment highlights
Investment highlights Attractive Turkish software market and strong market positioning Accelerated SaaS transition Strong financial performance Strategic levers for sustainable growth 12 Genel Kullanım - General
Slide 13: Strong financial performance
Strong financial performance Double-digit USD based growth Türkiye Türkiye Invoiced revenues (w/out IAS adj.) IFRS revenues (w/out IAS adj.) Delivering sustainable profitability: $M $M 35% average EBITDA margin CAGR 18% CAGR 19% 6.6x growth in 165 EBITDA 142 144 per employee 122 121 96 97 66 68 74 C
Slide 14: Strong financial performance
Strong financial performance Growth in recurring revenues Recurring revenues / Invoiced revenues Türkiye 100% 90% 2011-2025 80% TL Recurring revenues 70% 60% CAGR: 76% 50% 40% 86% 80% 73% 67% 66% 67% 30% 55% 58% 59% 48% 52% 20% 41% 32% 10% 20% 7% 0% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Slide 15: Investment highlights
Investment highlights Attractive Turkish software market and strong market positioning Accelerated SaaS transition Strong financial performance Strategic levers for sustainable growth 15 Genel Kullanım - General
Slide 16: Logo ecosystem's evolution
Logo ecosystem’s evolution Becoming Türkiye’s enterprise application platform: Logo positioning as a marketplace and Business Partners as MSPs 2000s-2030s 2030s 1980s-1990s Integrated solutions & Managed Service License re-sellers Consultancy & Providers (MSP) on and software Cloud enablement Logo’s
Slide 17: Servitisation and infrastructure transformation
Servitisation and infrastructure transformation Re-architecting of legacy products inline with servitisation strategy Platform 4.0 App Fintech ▪ Enhanced customer experience Launcher integration services ▪ Deeper customer insights driving stronger AI supported market positioning reporting service Ed
Slide 18: Servitisation and infrastructure transformation
Servitisation and infrastructure transformation Cloud-native platform to service all customers ▪ Seamless User Experience Cloud Platform Next-generation ERP with intuitive design for effortless adoption AI supported Fintech ▪ AI-Powered Business Insights reporting integration Cloud platform delivers
Slide 19: AI's impact on ERP domain AI in action at Logo
AI’s impact on ERP domain AI in action at Logo ▪ AI is enabling ERP, not replacing it ▪ Smarter, Faster AI tools expand ERP’s value creation potential ▪ AI integrated Low-Code/No-Code Solutions ERP platforms with integrated workflows, consistent ▪ AI-Powered First-Level Support with a data, and deep
Slide 20: Fintech platform unlocking new opportunities
Fintech platform unlocking new opportunities Leveraging tech infrastructure and big data to provide embedded finance services enabling further growth Open banking platform • Online bank statement • Money transfer (PISP: Payment Initiation Service Provider) • POS (Point of Sales) transaction transfer
Slide 21: H1 2026 results
H1 2026 results Genel Kullanım - General
Slide 22: H1 2026: Delivering Growth, Innovation and Cash
H1 2026: Delivering Growth, Innovation and Cash • Resilient business model and strong market positioning despite macro headwinds • Recurring revenues reaching 86% of invoiced revenue on the back of growth in SaaS revenues • Strong FCF generation of 30.3M USD, with a margin of 42% • Liquid balance sh
Slide 23: Resilient Growth Amid Macro Volatility
Resilient Growth Amid Macro Volatility H125 net income Consolidated (B TL) includes 925 TL mn one-off investment gain -4% +6% +1% -63% margin 41% 39% 44% 15% 2.83 2.71 3.18 3.37 • Invoiced revenues remained resilient despite general slowdown in the economy and weaker demand in all sectors 1.29 1.30
Slide 24: IAS29 impact on Balance Sheet
IAS29 impact on Balance Sheet Non-monetary assets and liabilities, and equity is indexed with inflation Asset Liabilities Current Assets Short and long-term Liabilities 69,224,685 TL -556,848,575 TL Major impact is from Major impact is from contract prepaid expenses liabilities (LEM, eService coins
Slide 25: Strong eService growth continues
Strong eService growth continues MRR up by 23% y/y Leading player in e-government solutions; e-Invoice, e-Archive, e-Ledger, e-Dispatch with 213K customers from 2.7M USD to $- 3.3M USD # of customers MRR (w/o IAS29) (thousand) M USD CAGR: 31% +3% 3.5 3.0 y/y 2.5 211 217 207 213 2.0 170 1.5 135 1.0 9
Slide 26: Logo İşbaşı: Strong, Consistent SaaS Momentum
Logo İşbaşı: Strong, Consistent SaaS Momentum Offering basic accounting software and e-invoicing services MRR up by 29% y/y MRR (w/o IAS29) from 236K USD to USD ‘000 304K USD 350 • Expanding micro-SME footprint across Türkiye 300 • Strong digital adoption in invoicing and core 250 200 accounting 150
Slide 27: Logo Diva Retail
Logo Diva Retail SaaS solutions for reliable and sustainable retail operations: a new generation CX in retail ARR (w/o IAS29) M USD +15% CAGR: 35% y/y 5.7 5.1 5.0 4.5 2.6 1.5 2.1 Healthy performance amid macro headwinds Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Jun-25 Jun-26 • 114 customers with 9.0K user
Slide 28: Recurring Revenue Growth Ensuring Predictability
Recurring Revenue Growth Ensuring Predictability Sustainable revenue growth supported by SaaS transition Recurring Invoiced Revenues ERP subscription revenues M TL continue to scale as Recurring Invoices/ -21% -7% +10% -2% +2% customers migrate to SaaS Total SaaS Total Invoiced revenue % 6% growth y
Slide 29: Operating Expenses
Operating Expenses Türkiye B TL R&D expenses – as % of IFRS Revenues S&M expenses – as % of IFRS Revenues 35% 36% 27% 27% 3,179 3,369 3,179 3,369 11% 1,217 9% 1,098 y/y 848 924 y/y increase increase H125 H126 H125 H126 Total Revenue R&D Expense Total Revenue S&M Expense G&A expenses – as % of IFRS R
Slide 30: Effective Financial Management Delivering Strong Cash Metrics
Effective Financial Management Delivering Strong Cash Metrics EPS* (LTM) H125 EPS excludes Net cash Strong FCF WC/Invoiced revenue TL one-off investment B TL B TL % gain of 925M TL 500M TL dividend & +35% y/y -34% y/y 130M TL share buy- -2% y/y 19% back (195M TL YTD) 9.6 1.61 1.44 1.41 7.1 12% 1.06
Slide 31: Appendix
Appendix Genel Kullanım - General
Slide 32: 2026 Guidance (no change as of date)
2026 Guidance (no change as of date) Logo Türkiye expectations: • 12.2% invoiced revenue real growth w/ IAS29 adj. • 11.6% IFRS revenue real growth w/ IAS29 adj. • EBITDA margin of ~ 31% w/ IAS29 adj. Economic indicator expectations for 2026 budget: • 2026 year-end inflation is 23% • Average USD/TL
Slide 33: Total Soft
Total Soft Total Soft figures w/o IAS 29 Total Soft figures (M euro) M TL y/y +6% y/y +14% -17% -9% -15% -34% growth growth 1,113 23.5 21.4 975 259 275 6.2 5.3 120 100 2.9 1.9 Revenue EBITDA Net Income Revenue EBITDA Net Income H125 H126 H125 H126 • 21.4M euro revenue in H126 with -9% growth • EBITD
Slide 34: Dividend track record
Dividend track record 2022 2023 2024 2025 Pay-out ratio 36% 35%* 64%* 33% Yield** 2,85% 4,51% 4,25% 3,83% Gross amount 8,0 M $ 13,6 M $ 13,2 M $ 11,4 M $ 150 M TL 400 M TL 500 M TL 500 M TL *Based on statutory records. ** Genel Kullanım - GeneralBased on PDP disclosure date. 34
Slide 35: Share buy-back programs
Share buy-back programs 2012- 2023- 2024- 2023 2024 2027 Treasury shares Treasury shares Treasury shares 4,90% 4,90% -> 6,20% 2,77% Max fund 10,6 M $ 3,4 M $ 600 M TL ≈ 17,4 M $ 2012 - 2015 12.July.2018 - 30.Dec.2021 30.Dec.2021 - 17.Nov.2023 17.Nov.2023 ->17.Nov.2024 18.Dec.2024-> 18.Dec.2027 5% sh
Slide 36: Shareholder structure
Shareholder structure Logo Teknoloji Freefloat ve Yatırım A.Ş. 64.60%** 35.40%* Logo Yazılım San. ve Tic. A.Ş. Logo Ödeme Logo Infosoft Hizmetleri Total Soft S.A. Business Technology (Logo Payment) 70%*** Private Ltd. **** 100% 75.86% ABS SRL 80% ABS SRL* 34.02% belongs to M. Tuğrul Tekbulut. Other;
Slide 37: Our ESG performance
Our ESG performance LSEG Corporate ESG score governance rating A- 9.5/10.0 BIST BIST Sustainability Corporate governance Index Index 37 since 2017 since 2009 Genel Kullanım - General
Slide 38: Thank you.
Thank you. Logo Investor Relations Team investor@logo.com.tr Genel Kullanım - General
Logo Yazılım Sanayi ve Ticaret A.Ş. — Non-Deal Roadshow (September 2026) on 6ix