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@ Koc 100 KOÇ HOLDING 1H 2026 EARNINGS PRESENTATION August 5 , 2026
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1H26 Earnings Presentation 2 With the Capital Markets Board of Turkey’s Bulletin dated 28.12.2023 numbered 2023/81, CMB announced that issuers and capital market institutions shall prepare their annual financial statements ending on 31.12.2023 or later, in accordance with IAS 29 inflationary accounting provisions. Accordingly, this presentation on financial results contain the Company’s reviewed financial information prepared according to Turkish Accounting / Financial Reporting Standards by application of IAS 29 inflation accounting, in accordance with CMB’s decision dated 28.12.2023. This presentation does contain forward-looking statements and figures sourced from the announcements made by the Koç Group companies reflecting current views with respect to certain future events based on the base-case assumptions. Although it is believed that the expectations reflected in these statements are reasonable under current conditions, they may be affected by a variety of variables and changes in underlying assumptions that could cause actual results to differ. Neither Koç Holding nor any of its directors, managers, or employees nor any other person shall have any liability whatsoever for any loss arising from the use of this presentation. Disclaimer
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1H26 Earnings Presentation 3 Koç Group Highlights Key Metrics Highlights on Main Sectors Agenda
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1H26 Earnings Presentation 4 Koç Group Highlights Key Metrics Highlights on Main Sectors Koç Group Highlights
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1H26 Earnings Presentation 5 Koç Group: 1H 2026 Highlights Strong Results In A Challenging Environment Strong liquidity and balance sheet discipline 1.1x Net Financial Debt / EBITDA on Combined Basis1 ~ US$ 1bn Koç Holding-only Net Cash (Jun’26-end) 7.2% Combined Revenue Growth in 1H26 (YoY) TL 20.3bn Consolidated Net Income in 1H26 ( 147% YoY) US$ 1.7bn Combined Investment in 1H26 (1H25: US$1.8 bn) Solid financial performance alongside continued investments 1.25x Current Ratio on Combined Basis1 1 Excluding finance segment
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1H26 Earnings Presentation US$ mn Koç Group: Financial Performance Solid Results Driven by Portfolio Diversification and Disciplined Execution 2.6 2.7 1H25 1H26 Revenue 8.2 20.3 1H25 1H26 TL trillion Profit Before tax TL billion 52.4 96.0 1H25 1H26 COMBINED 32.9 83.6 1H25 1H26 CONSOLIDATED Profit Before tax TL billion Net Income TL billion 6 Fortune Global 500 The only Turkish company in the listLargest Industrial and services group in Turkey 435159628 1,7961.0US$ bn 48.6 2.158.8
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1H26 Earnings Presentation 7 Koç Group: 1H 2026 Highlights Notable Strategic Actions Enhancing Focus, Scale and Efficiency 1 Subject to regulatory approvals and closing • Divestment1 of 60% stake in Arçelik Hitachi H.A. ($261 mn) • Acquisition of remaining 25% stake in Beko Europe (€71.5 mn)• Sale of 50% stake in Koçfinans to Ford Otosan • Sale of 2.9% treasury shares to Whirlpool (€43.1 mn) • Yapı Kredi’s strategic move in its asset mng. subsidiary1 • Monetization of 2.1% stake in Tüpraş ($210 mn) • Healthcare Group established • Signing of a protocol to monetizate non-core land assets (Jul’26) PORTFOLIO COMPANIESKOÇ HOLDING • Acquisition of Automecanica in Romania (€81.7 mn) • Acquisition of 100% of Koçfinans ($131 mn) In July: • Sale of 47% stake in Koçfinans to Ford Otosan • Acquisition of remaining 20% in Kemer Medical
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1H26 Earnings Presentation 8 Key Metrics Highlights on Main Sectors Koç Group Highlights
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1H26 Earnings Presentation ¹ NAV based on company calculation. ~90% of NAV comes from listed assets (30 June 2026 Mcap of each, weighted with effective ownership). 2 Based on 2025 data Combined Revenue Breakdown ~ 50% hard currency based revenues Net Asset Value Breakdown by Sector1 Resilience against sectoral cyclicality and volatility Well diversified portfolio Turkey’s largest exporter: ~ 8% of Turkey’s total exports2 Auto (PC & CV Manufacturing) 21% Auto (Other) 11% Refining 20% Oil & Gas Distribution 4%Consumer Durables 4%Other assets & Cash 18% Finance 23% Key Metrics Diversification Across Sectors And Geographies Underpins Resilience 9 International 31% Domestic 69% 1H 2026
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1H26 Earnings Presentation 10 Net Cash Position Koç Holding-only, US$ million; as at 30 June 2026 ¹ USD net cash amounts are converted to TL with the USD/TRY currency rates of 42.8623 for 31 Dec 2025 and 46.5551 for 30 Jun 2026. Net cash figures include US$ 25mn of Ford Otosan’s Eurobond. ² Includes US$1.6 bn of loans designating as hedging instruments and US $2.1 bn of natural hedge due to hard currency indexed pricing of Tüpraş and Aygaz inventory. Key Metrics Robust Liquidity 10 US$ 1.6bn Koç Holding-only gross cash (club loan first installment due in Apr’28) Hard Currency 76% TL 24% Cash Breakdown 30 June 2026 Consolidated short fx position after natural hedge & hedging instruments: US$ 278mn2 Koç Holding-only long fx position: US$ 612mn 815 989 2025 1H26
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1H26 Earnings Presentation 11 Key Indicators Highlights on Main Sectors Koç Group Highlights
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1H26 Earnings Presentation 19.9 45.8 17.0 42.1 16.9 31.4 Jun'25 Jul'25 Aug'25 Sept'25 Oct'25 Nov'25 Dec'25 Jan'26 Feb'26 Mar'26 Apr'26 May'26 Jun'26 Diesel Jet Fuel Gasoline 1H26 Highlights Crack margins at record highs High-capacity utilization Successful crude and product slate optimization Solid domestic sales volume growth Increased white product yields Narrower differentials 12Energy Market Regulatory Authority data used for sectoral indicators 10.2 2.2 2.1 1.5 9.9 2.4 2.3 1.5 Diesel Jet Fuel Gasoline LPG 5M25 5M26 -3% +10% -2% +6%y/y Growth Domestic Market Sales Volume Million Tonnes Tüpraş Net Refining Margin ($/bbl) 1H25 Crude 83% 1H25 Other 8% 1H26 Crude 87% 1H26 Other 8% Capacity Utilization % Aygaz Sales Volume Thousand Tonnes Opet Market Share Crack Margins USD/bbl Contribution to Consolidated Net Income: TL 20,711mn (+324% y/y) 18.7% 20.3% 5M25 7M25 9M25 11M25 Jan'26 3M26 5M26 5.3 9.7 8.6 9.4 21.4 2Q25 3Q25 4Q25 1Q26 2Q26 Energy Robust Refining Margin Underpinned Bottom-Line #2 in White Products 108 105 22 23 366 378 229 148 443 569 1H25 1H26 International Wholesale Autogas Bulk Cylinder 1,169 1,222 +5%y/y Growth
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1H26 Earnings Presentation Domestic 16%International 84% -21% y/y -9% y/y 427.1 -12% y/y Domestic 81% International 19% +48% y/y +160% y/y 201.8 +61% y/y 13Revenue figures denote 6-month 2026 performance and the comparisons are to 6-month 2025. Automotive Distributors’ and Mobility Association (ADMA), Heavy Commercial Vehicles Association (TAID) and TURKSTAT data used for sectoral indicators Sales Volume Thousand Units1H26 Highlights Contribution to Consolidated Net Income: TL 3,444mn (-60% y/y) Tofaş TürkTraktör Otokar Domestic 50% International 50% +28% y/y -53% y/y23.7 -31% y/y Domestic 48% International 52% -30% y/y -2% y/y21.2 -19% y/y TL bn TL bn TL bn 0 20 40 60 80 100 120 140 160 Jul'25 Aug'25 Sept'25 Oct'25 Nov'25 Dec'25 Jan'26 Feb'26 Mar'26 Apr'26 May'26 Jun'26 Turkey Exports Passenger Cars (domestic) Light Commercial (domestic) Monthly Trend Thousand Units Strong domestic market position Resillient export volume; strong TL acting as a headwind Constrained pricing & competitive environment amid soft demand Widening gap btw €/TL appreciation and inflation COGS pressure amid rising raw material prices and inflation Ford Otosan TL bn 488 120 18 626 527440 118 16 574 463 Passenger Cars Light Commercial Heavy Commercial Total Domestic Market Turkey Exports 6M25 6M26 y/y Growth Koç Market Share 22% 74% 24% 33% 51% -10% -2% -12% -8% -12% Revenue Breakdown (1H26) Automotive Navigating Demand Headwinds in a Competitive Market
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1H26 Earnings Presentation 15.3 20.4 0.9 2.9 13.0 20.8 0.9 2.9 Turkey Western Europe S. Africa Eastern Europe 6M25 6M26 y/y Growth Koç Market Share 20% 68% 26% 30% 41%" +2% +7% +1% -15% 14White Goods Manufacturing Association (TURKBESD) data used for Turkish market; retail panel data used for international markets . MDA6 is data based on TURKBESD reflects wholesales volume for the given periods. MDA6 includes refrigerators, freezers, washing machines, tumble dryers, dishwashers and cooking appliances. 1 Western Europe, South Africa market and Eastern Europe market data as of 5M, while Turkey market data as of 6M Sales Volumes Across Markets Million Units1H26 Highlights Contribution to Consolidated Net Income: TL 421mn (n.m.) 34% 32% 14% 11% 5% 3% 1% 35% 33% 13% 10% 5% 3% 1% Turkey Western Europe CIS & E.Europe Asia Pacific Africa Middle East Americas 1H25 1H26 Arçelik Revenue (1H26) Regional Breakdown of Arçelik Revenue % MDA6 Market Margin expansion through procurement savings & improvement projects Favorable EUR/USD tailwind Bottom-line recovery; positive contribution from recent strategic actions Share gains and market leadership preserved amid weak demand Unfavorable product mix Pricing pressure; intensifying competition Seasonal working capital build-up kept leverage elevated TL bn Consumer Durables Margin Resilience Despite Weak Demand Turkey 35% International 65% -9% y/y -11% y/y 280.7 -10% y/y 1 -9% 7% -11% -6% 5M25 5M26 ARÇELİK y/y growth (%) TÜRKİYE y/y growth (%)
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1H26 Earnings Presentation 11.8% 12.1% 2025 1H26 CAR Tier-1 14.8% 14.4%Regulatory Min: 12.0% Regulatory Min. 9.6% 22.7 31.0 1H25 1H26 Pre-Provision Profit 40.3 +62% y/y +36% y/y 65.5 Net Profit 1.67% 2.01% 2025 1H26 15Sector figures are based on BRSA weekly data. YKB figures are based on consolidated BRSA financials. Finance segment’s contribution to consolidated net income is based on inflation accounting. Yapı Kredi's contribution to finance segment results may differ from the Bank's IFRS results, mainly due to purchase price allocation (PPA) adjustments regarding Koç Holding's additional share purchase transaction in February 2020. Core Revenues = NII + swap costs + net fee income. ¹ Ratios exclude regulatory forbearances. ² TL and FC Loans are adjusted for the FX indexed loans. ³ BRSA Bank-only. Excludes temporary regulatory changes and is comparable with previous periods, 90-180 days past due loans are classified as NPL and 30-90 days past due loans are as Stage 2. ⁴ Cost of Risk= (Total Expected Credit Loss- Collections-FC ECL hedge)/Total Gross Loans. 5 Based on Bank-only BRSA financials.. Effective spread management supported margins Core revenues remained resilient despite the macro backdrop Capital buffers remained solid, supported by internal capital generation Asset quality pressures sustain on macro; coverage remained robust Strategic move in asset management subsidiary; ~70bps for CET-1 Tighter financial conditions weighed on quarterly earnings momentum 1H26 Highlights Yapı Kredi Profit TL Billion Cost of Risk4 Cumulative Solvency Ratios1 Selected Balance Sheet Figures TL Billion, USD Billion TL Lending Growth 13 Weeks Annualized Sector’s Loans & Deposits TL Billion, USD Billion Contribution to Consolidated Net Income: TL 2,221mn (13x y/y) -10% 0% 10% 20% 30% 40% 50% 60% 70% 12/2023 03/2024 06/2024 09/2024 12/2024 03/2025 06/2025 09/2025 12/2025 03/2026 06/2026 Private Banks State Banks RoTE 23.4% Profitability Cumulative 1H26 q/q ytd y/y Loans 26,537 8% 16% 36% + TL 16,956 9% 18% 43% + FC (USD) 207 2% 3% 8% Customer Deposits 30,269 8% 11% 31% + TL 18,833 13% 13% 31% + FC (USD) 247 -3% -1% 11% 1H26 q/q ytd y/y Loans2 1,909 8% 15% 36% + TL 1,218 9% 15% 40% + FC (USD) 16 0% 5% 10% Customer Deposits 1,990 6% 9% 29% + TL 1,052 10% 10% 26% + FC (USD) 21 -3% -2% 13% Demand/Total Deposits 48% -2.1pp 0.3pp -0.9pp NPL Ratio3 4.1% 0.3pp 0.5pp 0.9pp Total Coverage4 4.0% 0.1pp 0.2pp 0.4pp 1H25 1H26 Core Revenue Margin 82.0 7.0% 6.5% 120.5 Core Revenues TL Billion RoTE +2pp ytd RoA 1.7% RoA +10bps ytd Finance Solid Financial Fundamentals Maintained
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1H26 Earnings Presentation 1H26 y/y 1H26 y/y 1H26 y/y Arçelik LG Klima 12,169 -21% 1,355 -11% 3,449 4% Bilkom 13,781 -55% 1,039 -19% 1,859 -23% Divan 3,611 -5% 312 -12% 7,026 -1% Entek 3,742 -38% 302 -73% 31,173 -2% Kemer Medical Center 1,825 -21% -828 n.m. 5,866 -20% Koç Finansman 10,150 46% 1,725 86% 4,313 70% KoçSistem 14,966 14% 670 -21% 6,621 8% Koçtaş 7,439 -8% -509 -23% 893 -68% Marina Business 1,686 26% 861 36% 25,229 67% Opet 279,067 17% 8,261 10% 45,385 6% Otokoç Otomotiv 84,709 -1% 8,528 -13% 55,406 -7% Setur 14,106 8% 796 4% 7,685 7% Token 11,210 8% 1,076 20% 4,021 8% Zer 24,717 -12% 965 -0.4% 5,440 5% Revenues EBITDA1 Book Value2 • Financials for unlisted companies disclosed semi -annually. All figures are based inflation accounting except for Koç Finansman which its figures are based on consolidated BRSA financials as they are exempt from inflation accounting • ¹ Excluding FX gains/losses and credit finance income/charges on trade receivables and payables • 2 Excluding minority interest Entek: An integrated player in the electricity market • 490MW total installed capacity (77% zero carbon electricity) • Construction of Entek’s first overseas renewable energy investment remains on track Otokoç: Leading automotive retailing & car leasing company • #1 in second-hand car market • Operations in 9 countries Summary Financials of Selected Unlisted Companies TL Million Opet: Second largest distribution company by volume • 20.3% market share in white products (May 2026) • 17% of the fuel stations have EV chargers installed Token: Leading payment system platform provider • New generation payment solutions, from physical payment devices to online payments • Leading position in Turkey; operations in Romania and Azerbaijan < Marina and Shipyard Businesses: Leader in the Turkish marina operations sector • 13 locations, ~24% market share in Turkey based on total capacity • Commercial and naval vessel and super yacht building projects Value within Unlisted Companies Key Metrics of Selected Unlisted Companies 16 KoçSistem: New generation technologic solutions provider • Leading provider of cloud, cybersecurity, AI and digital transformation solutions • Owns two major subsidiaries: Koç Digital and Koç Bilgi ve Savunma (Koç Information and Defence Technologies) Effective owhership adjusted book value of total Koç Holding’s unlisted companies in total: ~TL 117 billion (~$ 2.5bn)
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1H26 Earnings Presentation Energy Automotive Consumer Durables Finance Other TOTAL Combined Revenues1 1,019,497 769,776 309,723 517,754 118,558 2,735,308 Change (y/y) 31% 1% -14% -2% -2% 7% Segment Share in Total 37% 28% 11% 19% 4% Combined Operating Profit2 70,601 7,730 9,358 30,428 -3,720 114,397 Change (y/y) 134% -67% 84% 32% n.m. 39% Segment Share in Total 62% 7% 8% 27% n.m. Monetary Gain / (Loss) -3,167 22,355 10,984 -11,397 -2,961 15,814 Change (y/y) -152% 18% 6% 13% 59% 106% Combined Profit / (Loss) Before Tax 64,231 11,558 3,406 20,264 -3,445 96,014 Change (y/y) 201% -53% n.m. 78% -410% 83% Combined Net Income / (Loss) 49,324 11,104 154 3,797 -6,521 57,858 Change (y/y) 273% -47% n.m. 1780% -414% 121% Consolidated Net Income / (Loss)3 20,711 3,444 421 2,221 -6,491 20,306 Change (y/y) 324% -60% n.m. 1176% -186% 147% 17 ¹ Before revenue eliminations ² Excluding FX gains/losses and credit finance income/charges on trade receivables and payables (Combined operating profit re ported in 1H 2026 financial report is TL 106,375 mn) ³ Koç Holding’s consolidated net income after the share of JV partners and non -controlling interests 4 Yapı Kredi's contribution to finance segment results may differ from the Bank's IFRS results, mainly due to purchase price allocation (PPA ) adjustments regarding Koç Holding's additional share purchase transaction in February 2020 Financial Performance TL Million 4 4 4 4 Koç Group: 1H 2026 Financial Performance Solid Results Driven by Portfolio Diversification
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1H26 Earnings Presentation Q&A
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1H26 Earnings Presentation 19Note: Consolidated net income indicates Koç Holding share after the share of JV partners and non -controlling interests Consolidated Net Income TL Million Consolidated Main Financial Indicators TL Million 8,237 15,830 3,487 2,047 - 5,077 - 4,218 20,306 1H25 Energy Cons. Durables Finance Auto Other 1H26 1H25 1H26 y/y Revenue 1,555,468 1,693,964 8.9% Gross Profit 266,601 306,610 15.0% Operating Profit 61,729 95,971 55.5% Profit Before Tax 32,898 83,637 154.2% Net Profit Before Non-controlling Interest 12,589 46,868 272.3% Non-controlling Interest 4,352 26,562 510.3% Net Profit After Non-controlling Interest 8,237 20,306 146.5% 31.12.2025 30.06.2026 y/y Total Assets 6,261,897 6,233,515 -0.5% Total Equity 1,286,591 1,291,998 0.4% Shareholders' Equity 797,632 792,639 -0.6% Appendix Consolidated Key Financial Figures
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1H26 Earnings Presentation 20¹ Dividends in nominal terms (not adjusted for inflation accounting), dividend payment excluding usufruct shareholders . Dividend Income1 TL Billion Dividend Payments1 TL Billion Dividend Payout Flexibility in dividend payments Dividend payment decision based on • dividend income, • investment opportunities, and • net cash position 24.2 38.5 33.4 22.8 2023 2024 2025 2026 ytd 1 Majority of dividend income from portfolio companies with FX or FX linked revenues 2023 2024 2025 2026 ytd Tüpraş (inc. EYAŞ) 10.3 16.5 15.3 9.9 Ford Otosan 6.0 7.8 10.5 4.9 Tofaş 1.1 3.8 2.3 3.8 Arçelik 0.7 - - - Aygaz 0.1 0.6 1.1 1.1 TürkTraktör 0.8 3.4 1.8 - Otokar - 0.3 - - Yapı Kredi Bank / KFS 4.9 5.5 - - Other Companies 0.3 0.8 2.4 3.1 Total Dividend Income 24.2 38.5 33.4 22.8 Dividend 4.4 20.3 17.4 17.3 2023 2024 2025 2026 ytd 4.5% 3.6% 3.7% 2.2% 1021% 79% 28% 6% Dividend Yield Appendix Business Model Ensures Sustainability of Dividend Income
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1H26 Earnings Presentation -42% -37% -32% -27% -22% -17% -12% -7% -2% 3% 8% 13% 12.2018 02.2019 04.2019 06.2019 08.2019 10.2019 12.2019 02.2020 04.2020 06.2020 08.2020 10.2020 12.2020 02.2021 04.2021 06.2021 08.2021 10.2021 12.2021 02.2022 04.2022 06.2022 08.2022 10.2022 12.2022 02.2023 04.2023 06.2023 08.2023 10.2023 12.2023 02.2024 04.2024 06.2024 08.2024 10.2024 12.2024 02.2025 04.2025 06.2025 08.2025 10.2025 12.2025 02.2026 04.2026 06.2026 21 Relative Share Performance of Koç Holding vs. Koç Group 1 Rebased at 2025YE Historical Average NAV Discount/Premium2 ¹ Koç Group’s data is excluding Koç Holding. ² Data based on Yapı Kredi Invest calculations. Calculation based on listed companies’ Mcap as of the calculation date + Net Cash announced in quarterly Koç Holding Earnings Presentations + unlisted companies’ internal valuation by Yapi Kredi Invest Note: Koç Holding’s treasury shares stands at 890K shares (0.035% of capital) of the end of June. 3 35% 45% 55% 65% 75% 85% 100 200 300 400 500 600 700 800 900 1000 12.2018 02.2019 04.2019 06.2019 08.2019 10.2019 12.2019 02.2020 04.2020 06.2020 08.2020 10.2020 12.2020 02.2021 04.2021 06.2021 08.2021 10.2021 12.2021 02.2022 04.2022 06.2022 08.2022 10.2022 12.2022 02.2023 04.2023 06.2023 08.2023 10.2023 12.2023 02.2024 04.2024 06.2024 08.2024 10.2024 12.2024 02.2025 04.2025 06.2025 08.2025 10.2025 12.2025 02.2026 04.2026 06.2026 Koç Holding Foreign Ownership Turkey 5 Year CDS Turkey 5YR CDS Foreign Ownership Koç Holding Foreign Ownership vs. Turkey CDS Avg NAV discount since 2009: -15% Appendix Relative Share Performance & NAV Discount Analysis 21 Effective Ownership Adjusted Mcap Changes of the Listed Portfolio Companies USD Million -1% 14% 47% -1% -10% -5% 0% 5% 10% 15% 20% 25% 30% 35% 40% 31.12.2025 6.01.2026 12.01.2026 18.01.2026 24.01.2026 30.01.2026 5.02.2026 11.02.2026 17.02.2026 23.02.2026 1.03.2026 7.03.2026 13.03.2026 19.03.2026 25.03.2026 31.03.2026 6.04.2026 12.04.2026 18.04.2026 24.04.2026 30.04.2026 6.05.2026 12.05.2026 18.05.2026 24.05.2026 30.05.2026 5.06.2026 11.06.2026 17.06.2026 23.06.2026 29.06.2026 Koç Holding BIST 100 BIST Holding Koç Group 9% 19% 25% 11% Listed Companies 31.12.2025 30.06.2026 Yapı Kredi 3,916 3,992 Tüpraş 3,351 3,764 Ford Otosan 2,835 2,462 Tofaş 1,014 1,244 Arçelik 773 700 Otokar 645 459 Aygaz 395 410 TürkTraktör 455 353 M.Altınyunus 109 139 Koç Holding Net Cash 815 989 Koç Holding Mcap 9,631 10,536 Koç Holding Discount to Listed Assets -29% -22% Koç Holding Discount to Listed Assets + Net Cash -33% -27% Value to Koç Holding
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1H26 Earnings Presentation 22 1 YKB figures are based on consolidated BRSA financials. Banks are exempt from inflation accounting. Downside risk to CoR guidance as of end of July’26 1 Appendix 2026 Guidance of the Listed Group Companies YKB 2025A 2026E Volumes TL Loans growth 43% +30% FC Loan growth 23% Low-single digit NIM 2.2% ≥ 100bps improvement Fee growth 50% ~ Inflation Cost growth 53% ≤ 35% CoR 167bps 150 - 175bps RoTE 21.4% High-Mid Twenties ARÇELİK 2025A 2026E 2026E - Apr'26 2026E - Jul'26 Revenue Turkey (in TL) -6.6% Flattish Flattish Single digit decline International (in FX) -0.1% + Low single digit Flattish Single digit decline EBITDA Margin 5.9% 6.25% - 6.50% 6.25% - 6.50% 6.25% - 6.50% Capex (€ mn) 205 ~ 250 ~ 250 ~ 250 Working Capital / Sales 21.8% ~ 22% ~ 22% ~ 22% TOFAŞ 2025A 2026E 2026E - May'26 2026E - Jul'26 Sector ('000) Total TR LV Sales (PC+LCV) 1,368 1,300-1,400 1,200-1,300 1,100-1,200 Tofaş ('000) Retail Sales 3 360 350-370 320-350 300-320 Exports 47 65-75 70-80 75-85 Production 132 140-150 145-155 145-155 Capex (€ mn) 154 250 250 250 PBT Margin 2.8% 2026E: 3-4% 2028E: 5-7% 2026E: 3-4% 2028E: 5-7% 2026E: 3-4% 2028E: 5-7% FORD OTOSAN 2025A 2026E 2026E - May'26 2026E - Aug'26 Sector ('000) Total TR Sales 1,408 1,300-1,400 1,300-1,400 1,200-1,300 Ford Otosan ('000) Retail Domestic Volume 117 90-100 90-100 75-85 Exports 603 580-630 580-630 580-630 + Turkey 400 390-420 390-420 390-420 + Romania 203 190-210 190-210 190-210 Wholesale Volume 725 670-730 670-730 655-715 Production 700 690-740 690-740 690-740 + Turkey 452 460-490 460-490 460-490 + Romania 248 230-250 230-250 230-250 Capex (€ mn) 410 300-400 300-400 300-400 + General 125 80-100 80-100 80-100 + Product related 285 220-300 220-300 220-300 Revenue Growth 7% High Single Digit Flat Mid to High Single Digit Decline Adj. EBITDA Margin 8.0% 7% - 8% 7% - 8% 6% - 7% TÜPRAŞ 2025A 2026E 2026E - Aug'26 Tüpraş Net Refining Margin ($/bbl) 7.0 6.0-7.0 13-15 CUR 94% 95-100% 95-100% Production (mn tons) 26.9 ~29 ~29 Sales (mn tons) 29.4 ~30 ~30 Capex ($ mn) 476 ~700 ~700 TÜRKTRAKTÖR 2025A 2026E 2026E - Apr'26 2026E - Aug'26 Sector ('000) Total TR Tractor Sales 40 27-33 20-26 21-26 TürkTraktör ('000) Domestic sales 16.0 11.5 - 14.5 8 - 10 8.5 - 10 Exports 11.0 11.0 - 13.5 11.0 - 13.5 11.0 - 13.5 Capex ($mn) 84 75 - 100 60-70 60-70 1 AYGAZ 2025A 2026E 2026E - Aug'26 Aygaz Volume ('000 tons) Cylinder 226 200-220 200-220 Autogas 767 750-790 750-790 Market Share Cylinder 41.4% 41.5%-42.5% 41.5%-42.5% Autogas 23.4% 23.0%-24.0% 23.5%-24.5%
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1H26 Earnings Presentation 20% by 2030 Reduction in Scope 1 & 2 GHG emissions until 2030 vs. 2017 baseline year 49% by 2040 Reduction in Scope 1 & 2 GHG emissions until 2040 vs. 2017 baseline year The Koç Group Carbon Transition Roadmap: 16% reduction in 2025 vs. 2017 baseline year Committed to be carbon neutral by 2050 International Platforms ➢ United Nations Global Compact • CEO Water Mandate ➢ WEF – Centre for Nature and Climate, Water Futures Community, Leaders for European Growth and Competitiveness. Sustainability Indices & Ratings • Arçelik and Ford Otosan received SBTi approval for 1.5°C-aligned near-term and net-zero targets. • Yapı Kredi obtained SBTi verification in 2024 for operational and financed emissions targets. • Yapı Kredi is the only private Tier-I bank in Türkiye with SBTi-verified, most comprehensive loan portfolio targets. Science Based Targets Initiative (SBTi) – Group Companies A- score in 2025 CDP Climate Change and Water Security programs, Supplier Engagement Assessment Global A List 2026 Sustainability Yearbook member Appendix Our ESG Journey 23
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1H26 Earnings Presentation 24 • As of 30 June 2026 ¹ Family Danışmanlık (family-owned investment vehicle) 43.75%, Koç Family Members 18.33%, Rahmi M. Koç ve Mahdumları Maden İnşaat Turizm Ulaştırma Yatırım ve Ticaret A.Ş. 1.40% ² Ford Deutschland GmbH: 100% owned by Ford Motor Company ³ Stellantis owns 100% of FCA Italy SpA ⁴ Effective stake indirectly through subsidiaries 5 Includes Whirlpool EMEA Holdings LLC's 2.9% stake 6 Ford Otosan acquired 100% stake in Koçfinans in July’26. Koç Holding Koç Family: 63.48%1 Free Float: 26.85% Vehbi Koç Foundation: 7.29% Koç Pension Fund: 2.35% Share Buyback: 0.04% Automotive Ford Otosan KH: 39% Ford Motor Co.2: 41% Other Koç: 2% Free float: 18% Tofaş KH: 38% FCA3: 38% Free float: 24% TürkTraktör KH: 37.5% CNH : 37.5% Free float: 25% Otokar KH: 47% Ünver Hold.: 25% Other Koç: 0.6% Free float: 27% Consumer Durables Arçelik KH: 49% Other Koç: 15% Burla Group: 18% Free float: 17.86 % 5 Other: 0.65% Finance Other Setur KH: 24% Other Koç: 75% Other: 0.3% Koçtaş KH: 49.8% Kingfisher: 50% Other Koç: 0.2% Zer KH: 39.5% Other Koç: 57.9% Other: 2.5% Yapı Kredi Bank KH: 20.22% KFS: 40.95% Free float: 38.83% KH: 54.8% 4 Koç Financial Services (KFS) KH: 84.53% Other Koç: 15.43% Other: 0.04% Koç Finansman 6 KH: 50% Other Koç: 50% Otokoç KH: 99.8% Other Koç: 0.2% Energy Aygaz KH: 41% Other Koç: 10.2% Liquid Pet. Co.: 24.5% Free float: 24% Other: 0.4% Opet Tüpraş: 41.7% Other Koç: 8.0% Öztürk Group: 50% Other: 0.3% KH: 19.75%4 Tüpraş EYAŞ: 46.4% KH: 4.27%, Other Koç: 0.46% Other : 0.02%, Free float: 48.85% KH: 40.00% 4 EYAŞ KH : 77% Aygaz: 20% Opet: 3% Appendix Shareholding Structures Marmaris Altınyunus KH: 60% Other Koç: 20.8% Other: 0.2% Free float: 19%
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1H26 Earnings Presentation 25 investorrelations@koc.com.tr +90 850 756 23 23 Helin Çelikbilek, IR Coordinator İsmail Özer, IR Manager Contact Us Koç Holding Investor Relations Annual Report 2025 Koç Holding IR Website Contact the IR team: Sustainability