Investor Presentaiton

Efficient Capex Management and Healthy Leverage Ratios CAPEX Debt Breakdown (31 October 2023) % Sales 4.2% 3.5% 2.8% 2.4% 5% 2% 4% Average Cost of Debt 344 USD 295 TRY 41.4% CAD 164 USD 7.7% TRY 101 RUB 20.0% ■RUB CAD 7.6% 2020 2021 2022 9M 2023 89% Blended 38.2% mavi Net Cash (Debt) exc.IFRS16 (TRYM) 1,762 31 Jan. 2023 2,170 31 Oct. 2023 • • All of non-TRY debt (11% of total) is carried by Mavi US, Mavi CA and Mavi RU - all denominated in their local currencies There is no foreign currency debt as of July 2023 -end Keeping no FX position is management priority 39 39

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