2022 Results Investor Presentation

Liquidity Management & Leverage We have 4.7 bn USD liquidity as of the end of December 2022. 2,682 -1,044 +6,011 Net Cash Flow from Investing Activities Cash Flow from Operating Activities -2,948 Cash Flow from Financing Activities 4,701 31 Dec. 2021 Cash and Cash Eqv. & Financial Investments (mn USD) 31 Dec. 2022 Net Debt (mn USD) 6 bn USD Net Operating Cashflow 11.6 8.7 31 December 2021 31 December 2022 TURKISH AIRLINES A STAR ALLIANCE MEMBER Net Debt to EBITDA 9.5x 3.9x 3.4x 3.0x 3.1x 1.8x 2017 2018 2019 2020 2021 2022 2023 2024 1 Net Debt Total Debt - (Cash & Cash eq. + Short-term Financial Investments + Short-term PDP Receivables + Restricted Cash) Operational cash generation ability accelerated deleveraging. Net debt decreased by 5.4 billion USD from its peak at the end of 2020. Year end Net Debt to EBITDA decreased to 1.8x, lower than pre-pandemic level. 12

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