January 20 Investor Presentation

Income Statement Tüpraş recorded 956 mn TL EBITDA in Q3 2019. Q3 Q3 9M 9M Million TL % % 2019 2018 2019 2018 Net Sales COGS Gross Profit Operating Expenses 23,309 30,247 -23 67,970 63,749 7 -22,152 -26,337 -16 -64,150 -56,549 13 1,157 3,910 -70 3,820 7,200 -47 -451 -324 39 -1,244 -870 43 Income/Loss from other operations -98 -2,783 -407 -3,771 Operating Profit 608 802 -24 2,169 2,559 -15 Income/Loss from equity investment 63 47 34 172 185 -7 Operating Profit Before Fin. Income/Loss 671 849 -21 2,341 2,743 -15 Financial Income/Expense -817 -171 -2,214 -668 Profit Before Tax -146 678 127 2,075 Net Profit (excluding minority interest) -155 542 340 1,947 EBITDA *(mn.TL) Inventory Gain/Loss EBITDA* (mn. TL) CCS 956 3,778 -75 3,301 7,021 -53 -692 1,667 283 2,950 -90 1,648 2,111 -22 3,018 4,071 -26 *On CMB reports. EBIT includes extra items such as FX impacts of trade receivables and payables. In our EBITDA calculation. FX related items are excluded from EBIT as customary in international practices. January 20 Investor Presentation Financials www.tupras.com.tr 27

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