Turk Telekomunikasyon A.s. · BIST:TTKOM
Turk Telekomunikasyon A.s — Turk Telekom — Q1 2026 Earnings Presentation
19 slides from Turk Telekomunikasyon A.s's earnings presentation, May 7, 2026
Slide 1: my i(. y
ee * = my i(. y _ CaN \ ~ (wa wal ip Nia lurk Teleko oth “Nn \\ 2 ellis ir \ e) ‘ a. x
Slide 2: Disclaimer
yr Disclaimer <q Turk Telekomtinikasyon A.S. (the “Company”) has published its financial results in accordance with TAS 29 standards. The information contained herein has been prepared by Turk Telekomtinikasyon A.S. in connection with the operations of Turk Telekom Group companies. The opinions pres
Slide 3: Turk Telekom Solidified its Leading Position in Turkiye
yr Turk Telekom Solidified its Leading Position in Turkiye < Successfully renewed fixed line concession and launched 5G nationwide Fixed Line * Successfully completed long term renewal of Concession with the approval of Government > Strategic Investment - extended 24 years > Achieved long term payme
Slide 4: Financial & Operational Overview
ry Financial & Operational Overview Strong revenue growth & margin expansion with solid profitability 2026 Q1 Highlights a Total Subscribers 57.2 mn A7% YoY fim Net Income TL 10.5 bn A 56% YoY as Revenue TL 64.9 bn A9% YoY TL 61.2 bn (Exc. IFRIC 12) 4.6% YoY Free Cash Flow TL 1.7 bn TL 10.3 bn in Q1
Slide 5: Net Subscriber Additions
yr Net Subscriber Additions 4 Strong net subscriber growth driven by continued net additions in mobile Fixed Broadband 57.2mn -19K +5K Total 1.4% monthly churn rate subscribers Q1 ‘26 LTM Total net additions ~ Mobile 12K +43mn | 013K 1.7% monthly churn rate in Q1‘26 Q1‘26 LTM +3.6 mn ifs Fixed Voice
Slide 6: Fixed Broadband Performance
yr Fixed Broadband Performance < Significant revenue & ARPU growth driven by successfull speed upsells 1 Subscribers’ Average Speed o (Mbps) s —p Subscribers & ARPU Growth =, oun ¢ s = FBB Subscribers (mn) AARPU Growth (%) | Fixed Broadband Revenue Q1'25 Q1'26 ee iad Sd 4 4 “ bn) 16.5% 17.7% a a Sub
Slide 7: Mobile Performance
yr Mobile Performance Record high postpaid net subscriber additions & Mobile Revenue (TL bn) 2024 2025 Qi'25 All figures presented at their values as of Q1'26 Yy Q1'26 Subscribers & ARPU Growth = Postpaid Subscribers (mn) ™ Prepaid Subscribers (mn) 4 Blended ARPU Growth (excl. m2m, %) A9A% 'V 3.8% 2
Slide 8: Financials
Slide 9: Revenue, EBITDA and Net Income
(TL bn) (%) (TL bn) (TL bn) (%) (TL bn)
Slide 10: Capex
yr Capex < Capex increased to support 5G & fiber investments and nationwide rollout — sustaining long term revenue growth Capex & Capex / Sales Capex Breakdown =Capex(TLbn) ©Capex/Sales 26.3% vO Fixed Mobile A70% IT & Projects Other 2024 2025 Qi'25 Q1'26 Capex & Capex / Sales excludes spending for t
Slide 11: Debt Profile
yr Debt Profile Strong balance sheet and debt maturity profile — managing concession and 5G related payments with long term financing Net Debt Maturity Profile = Net Debt (TL bn) -©Net Debt/EBITDA Exel congggion related payments 0.81 0.60 0.73 0.99 O58 oe e 2to5yr 2024 2025 Qi'25 Q1 ‘26 Net Debt cal
Slide 12: Prudent Balance Sheet Management
yr Prudent Balance Sheet Management < Robust operational cash flow generation and financing capacity enabling 5G & concession payments Cash Flow Net FX Exposure (TL bn) (USD mn equivalent) Al2% Excl. concession Excl. and 5G concession license-related and mobile payments: payments: | | 2024 2025 Q1 ‘
Slide 13: Full Year 2026 Guidance Q1'26
Full Year 2026 Q1’26 Guidance Actuals • • ✓ • ✓ ✓
Slide 14: Appendix
Slide 15: Income Statement
yr Income Statement < Solid revenue & EBITDA performance supported by operational efficiency resulting in robust profitability (TLmn) Q1‘25 Q1'26 Revenues 59,671 64,858 8.7% EBITDA 23,441 27,438 17.1% Margin 39.3% 42.3% Operating Profit 10,775 12,735 18.2% Margin 18.1% 19.6% Financial Inc. / (Exp.)
Slide 16: Balance Sheet
yr Balance Sheet < Intangible assets, other assets, and other liabilities YoY movement impacted by concession and 5G spectrum (TL mn) 31.12.2025 31.03.2026 Total Assets 469,505 601,472 Cash and Cash Equivalents 73,664 30,437 Tangible Assets 181,979 188,014 Intangible Assets 145,143 281,391 Right of
Slide 17: Strategic Investments: Fixed Line Concession & Mobile 5G
ry Strategic Investments: Fixed Line Concession & Mobile 5G Investing in Turk Telekom’s future & growth and managing financial impact Fixed-Line Concession Extension > Enabling Tiirk Telekom’s leading position in the market > Concession Term: Until February 28, 2050 > Amount: USD 2.5 billion + VAT (
Slide 18: Corporate Governance & Sustainability
ry Corporate Governance & Sustainability < Driving ESG progress via ongoing sustainability investments & initiatives resulting in higher ratings Improvement in Sustainable Fitch Rating > Improved rating YoY and placed Turk Telekom into global top percentile > Strong disclosure and data quality pract
Slide 19: Turk Telekom Investor Relations
Turk Telekom Investor Relations _— » > = E > ttinvestorrelations.com investorrelations@turktelekom.com tr Turk Tele kom Degerli Hissettirir = > > twitter.com/ttkomir +90 212 309 96 30