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Investor Presentation

Financial Highlights (Million TL) Tüpraş achieved 1,887 MTL EBITDA in Q4 2018 with high capacity utilization and inventory gain. EBITDA Net Income 10,000 5,000 8,908 1,887 4,000 3,841 3,761 7,500 501 5,882 3,778 ■4th Q 3,000 ■ 3rd Q 2,564 1,000 1,789 5,000 1,237 3,799 ■ 2nd Q 3,396 1,528 2,000 822 1,813 ■1st Q 1,470 1,208 2,351 2,500 1,505 1,199 1,464 551 217 751 809 1,542 1,066 1,144 2,210 1,000 112 379 1,035 685 867 819 361 713 586 878 340 1,080 0 283 489 367 2013 2014 2015 688 2016 1,575 1,033 138 513 278 38335 876 387 0 2017 2018 2013 2014 2015 2016 2017 2018 Current Ratio & Net Debt/ EBITDA Return of Average Equity 1.81 2015 1.31 6.0 1.4 5.4 1.15 1.08 5.63 4.8 0.99 0.94 4.2 0.82 3.6 3.0 2.4 1.8 1.2 0.6 1.22 0.0 2013 2014 1.1 Net Debt/EBITDA 0.7 Current Ratio 42% 35% 37% 0.4 24% 26% 1.79 22% 1.34 1.06 0.0 2016 2017 2018 2013 2014 2015 2016 2017 2018 *Rolling EBITDA is calculated with dollar terms. Investor Presentation www.tupras.com.tr KEY FINANCIALS 35
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