Page 1

MLPCARE May 6 , 2021 Efficiency Studies and Successful Balance Sheet Management MLP Sağlık Hizmetleri A.Ş. ( " MLP Care " ) MLP Sağlık Hizmetleri A.Ş. ( BIST : MPARK ) , the leading private healthcare service provider in Turkey , today announces its financial results for the first three months ended March 31 , 2021 . ( All figures in this fact sheet include the impact of IFRS 16 unless otherwise stated . ) Summary Financials ( TL million ) Revenues Q1 2021 1,211 Q1 2020 Change 979 23.7 % EBITDA¹ 346 235 47.1 % EBITDA margin ( % ) 28.6 % 24.0 % 454bps EBITDA¹ without fx impact of other income / expenses from operating activities 313 218 43.6 % EBITDA margin ( % ) 25.8 % 22.3 % 357bps Net Profit / ( Loss ) Before Tax 115 87 32.6 % Net Profit / ( Loss ) 80 61 30.2 % Net Profit / ( Loss ) equity holders of the parent 66 50 30.3 % Free Cash Flow 279 169 64.7 % Capital Expenditure 43 36 20.6 % Net Debt 2,050 2,140 ( 4.2 % ) Net Debt / Adj EBITDA 1.8x 2.6x 1 Adj . EBITDA is based on reported EBITDA ( Earnings Before Interest , Taxes , Depreciation , and Amortization ) adjusted for one- time ( income ) / expenses , net and non - cash GAAP provision expenses . Financial Highlights ✓ ✓ In Q1 2021 , total revenues increased by 24 % to TL 1,211 million ( Q1 2020 : TL 979 million ) . The strong growth in domestic noncovid revenues and the recovery in foreign medical tourism revenues have been the main drivers . In Q1 2021 , the Adj . EBITDA increased by 47 % to TL 346 million and the Adj . EBITDA margin at 28.6 % due to effective cost cutting measures . Net profit increased to TL 80 million in Q1 2021 ( Q1 2020 : TL 61 million ) . Net profit allocated to equity holders of the parent increased to TL 66 million in Q1 2021 ( Q1 2020 : TL 50 million ) . Operational improvements , leverage of fixed cost base , and successful financial cost management have enabled the net profit increase . The net debt / Adj . EBITDA ratio was successfully decreased to 1.8x in Q1 2021 from 2.0x in 2020 on the back of effective cash management . The Company has converted all of the debt service for EUR 46.5 million syndicated loans for the years 2022-2024 into TL at the CBRT buying rate on February 8 , 2021. After the conversion , the Company now has an FX long position of EUR 6.2 million and potential FX volatility will not impact company financials going forward . MEDICALPARK IV HOSPITAL -1-