Investor Presentaiton

Durable Operational and Financial Performance Resilient performance despite many turbulences Traffic Performance (Passenger Capacity and Load Factor) EBITDAR Development 35.0% 27.5% 26.0% 27.7% 29.2% 30.4% Turkish Avg. 81.9% 83.2% 23.5% Margin 81.6% 79.1% 80.6% 74.6% 71.0% 227 18.6% 16.6% 18.3% 27.0% 16.4% 17.1% 15.3% Peers' Avg. 12.5% 67.9% Margin 202 4.2% 8.4% 182 188 170 173 -35.0% 75 128 6.3 5.4 3.7 3.3 3.0 3.1 1.6 1.9 2016 2017 2018 2019 2020 2021 2022 LTM 3Q'23 2016 2017 2018 2019 2020 2021 2022 LTM Capacity (bn ASK¹) Load Factor (%) EBITDAR (bn. USD) EBITDAR Margin 3Q'23 Peers' Avg. EBITDAR Margin² Turkish Airlines' operating performance is tested many times against a number of exceptional events in recent years: • • Strict flight restrictions and drop in global demand due to the pandemic 2018 currency crisis and volatility of the Turkish Lira exchange rate • Numerous terrorist attacks in late 2015 and 2016 across Europe TURKISH AIRLINES A STAR ALLIANCE MEMBER 1 ASK: Available Seat Kilometers. 2 Peers include: Delta, United, American, Lufthansa Group, AF-KLM, IAG. Resilience of our operating performance reflects the following factors: • • Well analyzed international network expansion plan Successful capacity management and lean operational structure • • Strategic & efficient positioning of Istanbul as a regional hub Favorable cost base 14

View entire presentation