Indeks Bilgisayar Sistemleri Muhendislik Sanayi Ve Ticaret A.s · BIST:INDES
Indeks Bilgisayar Sistemleri Muhendislik Sanayi Ve Ticaret A.s — Index Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret A.Ş. — FY2025 Earnings Presentation
38 slides from Indeks Bilgisayar Sistemleri Muhendislik Sanayi Ve Ticaret A.s's earnings presentation, Mar 11, 2026
Slide 1: INDEX AŞ Analyst Meeting
INDEX AŞ Analyst Meeting March 11, 2026
Slide 2: Agenda
Agenda Opportunities & Investments Financial & Erol Bilecik Operational Review Halil Duman Sales & Market Review Banu Sürek Opening Remarks Kaan Bilecik
Slide 3: Activities & Growth
INDEX GRUP COMPANIES Activities & Growth Banu Sürek Index AŞ General Manager
Slide 4: Index Grup Companies
INDEX GRUP COMPANIES COMPANY Value-Added Broadline Operator Accessory Authorized Service Logistics Service ACTIVITY AREA Products Distribütör Distributor Distributor Center Provider Distributor %61,23 %40,75 %50,87 - İndeks: %59,25 Datagate: %49,13 OWNERSHIP STRUCTURE İndeks %100 İndeks %51 İndeks %
Slide 5: Overview of Index Grup
OVERVIEW OF INDEX GRUP Turkey’s Informatics 37 200+ 30.000+ Source years of supply from a global technology brands active product types in single source broad product range 3 8.000+ 50 publicly listed 25 6 business partner years of leading the industry technology companies One of the most valuable 5
Slide 6: Strategic Milestones
STRATEGIC MILESTONES 1989 2004 2016 1991 2005 2017 1994 2006 2018 1996 2007 2019 1998 2008 2020 1999 2009 2022 2000 2011 2023 2001 2012 2024 2002 2013 2025 2003 2014
Slide 7: The World's Leading Brands in Every Field of Technology
THE WORLD'S LEADING BRANDS IN EVERY FIELD OF TECHNOLOGY Network & Cabling Printers & Consumer Data Storage PC Smart Phones Software Tablet OEM Accessories Products & DC Consumables Electronics and Servers Products
Slide 8: Everywhere in Turkey
EVERYWHERE IN TURKEY Istanbul Samsun 4122 7 cities Dealers Trabzon 201 dealers 6 cities 106 Tekirdağ dealers 5 cities Kocaeli 262 dealers 7 cities 266 dealers Erzurum 6 cities Bursa 95 dealers 3 cities 211 dealers Ankara 7 cities 945 dealers Elazığ 7 cities İzmir Kayseri 115 dealers 10 cities 7 citi
Slide 9: Global IT & ICT Market Size by 2025
GLOBAL IT & ICT MARKET SIZE BY 2025 Global IT Spending Growth in the Global Device Market Global device market size in Global IT spending in 2025: 2025 $5,55 trillion $788 billion 2026: 2026: %10,8 $6,15 trillion %6,1 $836 billion growth growth Source: Gartner IT Spending Forecast, February 2026
Slide 10: Global IT & ICT Market Size Forecasts for 2026
G LOBAL IT & ICT M ARKET S IZE F ORECASTS FOR 2026 Server Expenditures Data Center Expenditures Global Software Market 2025: $478 billion 2025: $496 billion 2025: $1,25 trillion %36,9 growth %31,7 growth %14,7 growth 2026: $654 billion 2026: $653 billion 2026: $1,43 trillion Source: Gartner IT Spend
Slide 11: Turkey's Technology Market
TURKEY'S TECHNOLOGY MARKET 2025: $35,3 billion 2026: ~ $38,4 billion 2031: ~ $58 billion An average annual growth rate of 8.8% Source: Mordor Intelligence – Turkey ICT Market Forecast
Slide 12: 2025 European Information Technology Market
2025 EUROPEAN INFORMATION TECHNOLOGY MARKET Context: Regional Market Volumes (Billions of USD) Country 2024 2025 YoY(%) Germany $19.1 $20.7 8,1% UK-Ireland $16.8 $17.6 5,0% Italy $10.0 $10.5 4,2% France $9.1 $9.8 7,4% Spain $7.6 $9.3 20,8% Poland $6.2 $7.4 18,2% Netherlands $5.7 $6.2 9,3% Turkey $5.
Slide 13: Context Data / 2025
CONTEXT DATA / 2025 TURKEY DATA 2024 $5.224.970.683 2025 $5.910.563.342 GROWTH % 13,1 PRODUCT GROUP 2024 2025 % SMARTPHONE $1.368.734.210 $1.498.801.314 %9,5 NOTEBOOK + DESKTOP $1.092.321.948 $1.105.613.707 %1,2 TABLET $221.847.898 $254.889.344 %14,9 SERVER $116.049.144 $184.934.682 %59,4 TOTAL $2.7
Slide 14: Our Share in the Turkish Information Technology Market
Our Share in the Turkish Information TechnologyMarket
Slide 15: PC & NB Market
PC & NB MARKET ALL 2024 2025 Growth Brand All All All ACER 90.000 85.000 -6% ASUS 192.000 234.000 22% HP 350.000 333.000 -5% LENOVO 608.000 591.000 -3% TOTAL 1.240.000 1.243.000 0% OTHERS/LDP 1.311.000 1.175.000 -10% TOTAL 2.551.000 2.418.000 -5% Source: IDC
Slide 16: Value-Driven Growth in the Smartphone Market (Turkey)
VALUE - DRIVEN GROWTH IN THE SMARTPHONE MARKET (TURKEY) SALES UNIT SALES VALUE 2024 12,9 million units 2024 9,1 billion $ 2025 13,4 million units %3,6 growth 2025 10,3 billion $ %12,3 growth Source: GFK
Slide 17: Value-Driven Growth in the Smartphone Market (Turkey)
VALUE - DRIVEN GROWTH IN THE SMARTPHONE MARKET (TURKEY) Sales Unit % Sales Value % 2024 2025 2024 2025 Source: GFK
Slide 18: Value-Driven Growth in the Smartphone Market
VALUE - DRIVEN GROWTH IN THE SMARTPHONE MARKET
Slide 19: Index Grup 2025
INDEX GRUP 2025 91,6 Gross Profit % billion TL %5,13 4,7 billion TL 2,1 billion USD EBITDA % %3,36 3,1 billion TL consolidated turnover
Slide 20: Index Grup 2026 Goal
INDEX GRUP 2026 GOAL 2025 2026* 2,1 Billion 3+ Billion USD USD Turnover Turnover * Estimated
Slide 21: Financial & Operational Review
INDEX GRUP COMPANIES Financial & Operational Review Halil Duman Index Grup Companies CFO
Slide 22: Management of Major Industry Risks
MANAGEMENT OF MAJOR INDUSTRY RISKS 1 Currency Risk 2 Receivables Risk Management Management • Natural Hedge • Euler Hermes – Receivables Insurance • Hedging in Cross-Currency • Controlled Risk Transactions Management Inventory Risk Geopolitical and 3 Management 4 Macroeconomic Risks • Technological
Slide 23: Summarized Balance Sheet (Thousand TL)
SUMMARIZED BALANCE SHEET (Thousand TL) Assets 31.12.2025 (%) 31.12.2024 (%) Changes(%) Liabilities & Capital 31.12.2025 (%) 31.12.2024 (%) Changes(%) Current Assets 33.527.101 84,6% 26.695.619 86,7% 25,6 Short Term Lia. 29.930.057 75,5% 22.860.695 74,2% 30,9 Cash 6.764.297 17,1% 5.864.467 19,0% 15,3
Slide 24: Income Statement (Thousand TL)
INCOME STATEMENT ( Thousand TL) (000) TRL 12 months 2025 12 months 2024 Changes (%) Net Sales 91.599.656 87.256.326 4,98 Gross Profit 4.696.481 4.200.998 11,79 Gross Profit Margin (%) 5,13 4,81 EBITDA 3.079.319 2.934.461 4,94 EBITDA Margin (%) 3,36 3,36 Operational Profit 2.901.270 2.804.204 3,46 Op
Slide 25: Net Financial Debt
NET FINANCIAL DEBT (000 TL) (000 USD) 0 (11.393) 0 (250.000) (453.584) (46.481) (25.000) (500.000) (69.293) (750.000) (1.913.646) (50.000) (1.000.000) (1.250.000) (3.442.426) (1.500.000) (75.000) (1.750.000) (2.000.000) (100.000) (2.250.000) (2.500.000) (125.000) (2.750.000) (3.000.000) 2023 2024 20
Slide 26: Financial Ratios
FINANCIAL RATIOS LIQUIDITY RATIOS 31.12.2025 31.12.2024 Current Ratio 1,12 1,17 Liquidity Ratio 0,95 1,00 THE WORKING CAPITAL RATIOS (*) 31.12.2025 31.12.2024 Receivables Days 67 62 Payables Days 79 74 Inventory Days 16 18 FINANCIAL STRUCTURE RATIOS 31.12.2025 31.12.2024 Capital / Total Liabilities
Slide 27: Opportunities & Investments
INDEX GRUP COMPANIES Opportunities & Investments Erol Bilecik Index Grup Companies Chairman
Slide 28: Agenda
Agenda 1 2 3 4 INVESTMENTS FINANCIAL STRATEGIC GROWTH 2030 STRATEGY DYNAMICS FOR THE VISION & GOALS 2026–28 PERIOD
Slide 29: Evaluation of Investments: HB Bilişim AŞ
1 EVALUATION OF INVESTMENTS HB Bilişim AŞ HB Bilişim Growth Investment in the Sustainable Technology Sector Professional Partner for Equipment Rental Refresh with the Best
Slide 30: Evaluation of Investments: Software Investments
1 EVALUATION OF INVESTMENTS Software Investments | Microsoft Cloud & SAP RISE Migration More Robust Data Scalable and A More Cost- Management and Flexible Effective Software Analytics Technology Infrastructure Capabilities Infrastructure
Slide 31: Evaluation of Investments: Datagate & Vodafone Partnership
1 EVALUATION OF INVESTMENTS Datagate & Vodafone Partnership New Growth Area: Telco Ecosystem A Scalable and Profitable Business Model
Slide 32: Evaluation of Investments: Index Logistics Center
1 EVALUATION OF INVESTMENTS Index Logistics Center New Generation Logistics New Revenue Stream New High Profitability on the Balance Sheet
Slide 33: Financial Strategy
2 FINANCIAL STRATEGY Financial Dividend Policy Valuation of Real Discipline Estate Inventories
Slide 34: 2026-2028 Strategic Growth Dynamics: Sources of Growth
3 2026-2028 DÖNEMİ STRATEJİK BÜYÜME DİNAMİKLERİ Sources of Growth Increase in the Product Share of High- New Business Portfolio Value-Added Segments Products Revenue Digital Operational Expenses Transformation Efficiency Investments Net Profit
Slide 35: Strategic Growth Dynamics for the 2026–28 Period
3 STRATEGIC GROWTH DYNAMICS FOR THE 2026–28 PERIOD New Goals & Strategic Priorities for the Growth Area Cloud Solutions & SaaS Artificial Intelligence Marketplace Ecosystem Robotic Systems IoT Solutions Enterprise Cybersecurity Data Center Equipment & Infrastructure
Slide 36: 2030 Vision & Goals
4 2030 VISION & GOALS Growth Target INDEX Inc. (Consolidated Revenue) Growth Thresholds 2030 Goal 5 Billion $+ 5 Billion $ 3 Billion $ +* 2 Billion $ + 1,5 Billion $ 1 Billion $ 500 Million $ 2006 2014 2022 2025 2026 2030 * Estimated
Slide 37: 2030 Vision & Goals
4 2030 VISION & GOALS 5 Year One of Europe’s Top 3 Technology Distributors
Slide 38: Thank You
THANK YOU.
Index Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret A.Ş. — FY2025 Earnings Presentation on 6ix