Sustainable Smart Spaces & Wellness @ Home slide image

Sustainable Smart Spaces & Wellness @ Home

Key investment highlights Investment Highlights Arçelik Leading positions in key markets Diversification • • Leading producer of white goods in Turkey Beko is one of the top three largest brand in the European market and market leader in the U.K. (up from 7th position in 2004) One of the three largest market share in the European market as a Group, whilst holding leading positions in its key international markets such as South Africa, Pakistan and Bangladesh Acquisitions, greenfield investments and new sales offices to further boost global presence Serving customers in over 150 countries with wide product range and enhanced brand portfolio including 14 brands Recognised diversification by rating agencies, resulting in ratings above the Turkey sovereign Proven track record of inorganic growth Acquisition of 60% shares of Hitachi Home Appliances Netherlands B.V. (Hitachi home appliances business outside Japan) Acquisition of leading brands; Dawlance in Pakistan, Singer in Bangladesh, Defy in South Africa Joint venture with Voltas, a Tata Group Company, in India and greenfield investment in Thailand Announcement of contribution agreement with Whirlpool Europe and acquisition of Whirlpool's MENA subsidiaries (subject to regulatory approvals) Cost Competitivenes . Financial strength Leading R&D capabilities • Production in low labour cost regions which are in close proximity to key markets • Manufacturing facilities are among the largest of their kind leading to economies of scale Understanding flexible manufacturing to address different local needs efficiently Prudent debt management - net leverage ratio consistently below 2.5x and hedging policy in place Robust revenue growth with a 96.4% increase vs 2021, resulting in a 92.9% growth in gross profit Improvement in NW C/sales ratio from 2019 to 2022 through efficiency Manufacturing with its technology The only Turkish company repeatedly on the top 150 PCT applicants list of WIPO Strategy: delivering an innovative product pipeline with energy efficient products Market positionings reflect the data of a retail panel market as of December 31, 2022 and are in unit terms. 10
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