Dogus Otomotiv Servis Ve Ticaret Anonim Sirketi · BIST:DOAS
Dogus Otomotiv Servis Ve Ticaret Anonim Sirketi — Doğuş Otomotiv Servis ve Ticaret A.Ş. — Q4 2025 Earnings Presentation
30 slides from Dogus Otomotiv Servis Ve Ticaret Anonim Sirketi's earnings presentation, 2026
Slide 1: 4Q 2025 Analyst Briefing Presentation
4Q 2025 ANALYST BRIEFING PRESENTATION Analyst Briefing Presentation | 4Q 2025 KEREM TALİH
Slide 2: Table of Contents
Table of Contents Doğuş Otomotiv at a Glance 3 What is New? 4 Key Takeaways 5 Automotive Market 6 Financial Performance 15 Sustainability & Corporate Governance 24 2026 Expectations 26 Analyst Briefing Presentation | 4Q 2025 Cupra | Terramar
Slide 3: Doğuş Otomotiv at a Glance
Doğuş Otomotiv at a Glance Capital Structure 17 international brands Free Float 39.50% 750 customer touch 2,100+ employees points 60.50% Providing value to Doğuş A total vehicle park of Holding A.Ş. ~10.9 million ~2.6 million1 customers1 Doğuş Sigorta Aracılık Hizmetleri A.Ş 0.00013% As of 31.12.202
Slide 4: What is New?
What is New? 12.12.2025 19.01.2026 23.12.2025 - 27.01.2026 Signing of Letters of Intent (LOI) with Corporate Governance Signing of a Distribution Volkswagen A.G. and Skoda Auto Principles Compliance Rating Agreement with Linssen Yachts A.S. for the Distributorship in the Report B.V. Syrian Arab Repu
Slide 5: Key Takeaways (YoY)
Key Takeaways (YoY)1 Total Sales Figures PC Market Share PC + LCV Market 208,170 16.9% Share (Including Škoda, Wholesale) (Market Leader) 15.1% (Ranked 2nd in the Market) 10% 0.4% P 0.2% P Revenue Total Assets Income from Associates 255,781 130,369 1,668 (Million TRY) (Million TRY) (Million TRY) 4%
Slide 6: Automotive Market
AUTOMOTIVE MARKET Analyst Briefing Presentation | 4Q 2025 Bentley | Bentayga
Slide 7: Jan 2025 – Jan 2026 Doğuş Otomotiv Main Segment Sales
Jan 2025 – Jan 2026 Doğuş Otomotiv Main Segment Sales +10% Retail Market +9% 76,652 69,564 61,055 55,944 +13% +84% -12% +42% 12,710 14,307 11,275 5,968 5,279 6,144 910 1,290 Total Market PV Premium LCV EV HCV January 2025 January 2026 +4% DOAS +1% 9,541 9,878 8,421 8,500 +5% +23% -44% +25% 1,046 1,0
Slide 8: Jan 2025 – Jan 2026 Brand Based Sales Performance (Wholesale)
Jan 2025 – Jan 2026 Doğuş Otomotiv Brand Based Sales Performance (Wholesale) WHOLESALE UNITS 01M25 01M26 Δ DOAS TOTAL 10,464 13,244 27% VW PC Škoda VW LCV Audi CUPRA +54% 6,826 -13% +36% +15% +176% 2,803 2,439 1,771 4,419 995 1,143 1,300 659 239 01M25 01M26 01M25 01M26 01M25 01M26 01M25 01M26 01M25
Slide 9: Competition (Retail – January)
Competition (Retail – January) 2025 Year End/ January 2025/ YTD January YTD January RETAIL MARKET 2024 2025 January 2026 January 2026 2025 2026 Δ Δ PASSENGER CAR % RENAULT 15.5 14.5 16.4 15.1 0.6 -1.3 DOĞUŞ OTOMOTİV 16.5 16.9 15.1 13.9 -3.0 -1.1 TOYOTA 9.4 7.1 8.5 12.7 5.6 4.2 STELLANTIS 14.7 14.6 1
Slide 10: Jan - Dec 2025 Doğuş Otomotiv Main Segment Sales
Jan - Dec 2025 Doğuş Otomotiv Main Segment Sales +10% Retail Market +11% 1,400,571 1,271,756 1,084,496 980,341 +24% +10% +91% -3% 258,168 283,904 191,872 98,656 122,162 100,483 33,247 32,171 Total Market PV Premium LCV EV HCV December 2024 December 2025 +12% DOAS +13% 209,181 186,903 182,963 161,600
Slide 11: Competition (Retail – Dec)
Competition (Retail – Dec) Dec RETAIL MARKET 2023 2024 2025 2024/2025 VW PC ranked 2nd in the Δ cumulative passenger PASSENGER CAR % vehicle market with 8.2% DOĞUŞ OTOMOTİV 15.6 16.5 16.9 0.4 market share. STELLANTIS 17.4 14.7 14.6 -0.1 RENAULT 16.4 15.5 14.5 -1.0 TOYOTA 4.8 9.4 7.1 -2.3 Škoda has a
Slide 12: Passenger Vehicle Market (%) (Retail)
Jan – Dec 2025 Passenger Vehicle Market (%) (Retail) PC market DOAS shares a Strongest competitor of increased by DOAS in this segment is 16.9% market Stellantis with 11% YoY. share at 1st place. 14.6% market share. Passenger Vehicle Market 38.5 39.8 16.5 16.9 14.7 14.6 15.5 14.5 9.4 7.1 7.1 5.4 DOĞ
Slide 13: Light Commercial Vehicle Market (%) (Retail)
Jan – Dec 2025 Light Commercial Vehicle Market (%) (Retail) LCV market DOAS shares a Top 5 companies increased by 8.3% market represent 87% of 10% yoy. share at 4th place. the LCV market. Light Commercial Vehicle Market 29.2 29.3 27.4 21.3 20.0 16.5 17.3 12.9 8.7 8.3 5.6 3.5 FORD STELLANTIS TOFAŞ DO
Slide 14: Jan – Dec 2025 Brand Based Sales Performance (Wholesale)
Jan – Dec 2025 Doğuş Otomotiv Brand Based Sales Performance (Wholesale) WHOLESALE UNITS 12M24 12M25 Δ DOAS TOTAL 189,105 208,170 +10% VW PC Škoda Audi VW LCV CUPRA +15% +4% +5% 87,055 +22% +26% 75,634 43,726 45,352 24,864 22,500 23,615 20,433 13,084 10,366 12M24 12M25 12M24 12M25 12M24 12M25 12M24 1
Slide 15: Financial Performance
FINANCIAL PERFORMANCE Analyst Briefing Presentation | 4Q 2025 Porsche
Slide 16: Financial Performance (mio TRY)
Financial Performance (mio TRY) Revenue EBITDA Net Profit +4% -38% -69% 246,568 255,781 24,147 10,004 14,865 3,078 2024 2025 2024 2025 2024 2025 CapEx1 Total Assets Working Capital2 -20% +8% 0% 5,824 130,369 53,243 53,071 120,695 4,652 2024 2025 2024 2025 2024 2025 1 Cash outflow by acquisition of p
Slide 17: Margins (%)
Margins (%) Gross Profit Margin OpEx/Sales EBITDA Margin 8.0% 7.4% 9.8% 16.0% 12.5% 5.8% 2024 2025 2024 2025 2024 2025 EBIT Margin Net Profit Margin Wholesale Sales Volume1 4.1% 162,818 8.6% 145,379 4.5% 1.2% 2024 2025 2024 2025 2024 2025 1 PV (excluding Skoda), LCV, HCV sales are included. Analyst
Slide 18: Income Statement (Y/Y Comparison)
Income Statement (Y/Y Comparison) TRY’000 31.12.2025 31.12.2024 Δ Impacts on revenue and direct cost of revenue: Wholesale Sales Volume (excl. Skoda, incl. Scania) 162,818 145,379 12% Revenue 255,780,842 246,567,798 4% Yearly increase of Direct Cost of Revenue -223,856,287 -206,995,781 8% 37% EUR/
Slide 19: Income/Loss from Associates
Income/Loss from Associates Associates TRY’000 31.12.2025 31.12.2024 Δ VDF Servis 854,683 -2,883,943 130% TÜVTÜRK N&S (Consolidated) 657,848 1,086,503 -39% Yüce Auto (Škoda) 113,661 471,873 -76% Doğuş Teknoloji 42,935 152,721 -72% Doğuş Sigorta -894 23,749 -104% Total 1,668,233 -1,149,097 245% Analy
Slide 20: Balance Sheet
Balance Sheet TRY’000 31.12.2025 31.12.2024 Δ Number of Vehicles ASSETS 130,369,139 120,694,891 8% +31% 18,623 Cash and cash equivalents 5,555,752 12,321,641 -55% 14,173 Trade receivables 17,384,371 20,750,902 -16% Inventories 30,130,708 20,170,814 49% Financial Investments 3,209,311 4,334,124 -26%
Slide 21: Financing Costs
Financing Costs TRY’000 31.12.2025 31.12.2024 Δ Financing Cost, net 7,403,277 2,544,572 191% Financial Expenses 10,347,912 5,457,041 90% Interest Expense on Borrowings 6,122,767 3,145,023 95% Foreign Exchange Losses on Borrowings 3,363,338 1,576,989 113% Commission Expenses on Letters of Guarantee 3
Slide 22: Financial Performance: Efficiency Ratios and Working Capital
Financial Performance Breakdown of Efficiency Ratios 49 Working Capital (mio TRY) 36 31 33 31 2025: 53,071 25 2024: 53,243 Receivables Turnover Inventory Turnover Payables Turnover Days Days Days 31.12.2024 31.12.2025 Analyst Briefing Presentation | 4Q 2025 22/30
Slide 23: Financial Performance: CapEx, ROA, ROE
Financial Performance -20% -6% P -9% P 5.824 8.3% 13.7% 4.652 2.4% 4.5% CapEx (mio TRY) 1 ROA ROE CapEx decreased by CapEx/Total Assets 20% 2025: 4% 2024: 5% YoY. -1% P 1 Cash outflow by acquisition of property, plant and equipment and intangible assets. Analyst Briefing Presentation | 4Q 2025 23/30
Slide 24: Sustainability & Corporate Governance
SUSTAINABILITY & CORPORATE GOVERNANCE Analyst Briefing Presentation | 4Q 2025 Audi | A6
Slide 25: Corporate Sustainability & Corporate Governance
Corporate Sustainability & Corporate Governance BIST Sustainability Index & BIST Sustainability 25 Index 14 Years of Sustainable and Remarkable Performance Growth Corporate Sustainability Rating Score1 86.55 Corporate Governance Principles (A) 81.92 80.89 (A-) 77.60 77.53 Compliance Rating Score (A-
Slide 26: 2026 Expectations
2026 EXPECTATIONS Analyst Briefing Presentation | 4Q 2025 Cupra | Terramar
Slide 27: 2026 Launches Calendar
2026 Launches Calendar 1Q 2Q 3Q 4Q T-Roc VW PC Tiguan PHEV ID .3 (New Model) Tayron PHEV Tayron 2.0 TSI VW LCV Caddy (Facelift) Cayenne Electric ID.3 A6 Allroad Q7 AUDI Q3 Sportback A3 (Facelift) E3 CUV (New Model) A6 Sedan E-Hybrid Q4 E-Tron (Facelift) Q9 (New Model) SEAT / CUPRA Seat Ibiza (Faceli
Slide 28: 2026 Expectations
2026 Expectations OEM Strategy: Ensuring Sustainable Competitiveness of Represented Brands Expenditures for head office, logistics, spare parts, training areas and subsidiaries: Total Automotive Market 1,100,000+ (PC+LCV+HCV) units Renewable Energy Investments, Machinery and Equipment Investment
Slide 29: Thank You - Q & A
THANK YOU - Q & A Analyst Briefing Presentation | 4Q 2025 Scania | 770s
Slide 30: Disclaimer
Disclaimer Doğuş Otomotiv Servis ve Ticaret A.Ş. (the “DOAS”) has prepared this presentation documents (the “Document”) consisting of documents and appendixes thereto for the sole purposes of providing information and projections and statements relating to the DOAS (the “Information”). DOAS cannot g
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