Investor Presentation
Financial Highlights
Tüpraş recorded 4,039 MTL EBITDA in 2019.
EBITDA
Net Income¹
IQ1
Q2
Q3
Q4
IQ1
Q2
Q3
Q4
8,908
3,812
Mn TL
3,713
Mn TL
1,887
493
5,882
2,550
992
1,766
3,799
1,237
3,778
4,039
1,793
815
3,396
1,528
738
1,457
542
750
803
526
1,208
1,505
956
1,144
1,542
2,210
1,027
186
710
581
867
1,495
869
870
1,080
688
1,575
275
331
378
367
1,033
851
-375
335
-155
2015
2016
2017
2018
2019
2015
2016
2017
2018
2019
Current Ratio & Net Debt / R. EBITDA
Net Debt/ R. EBITDA
1.8
1.8
Current Ratio
2.1
1.3
1.0
1.1
1.2
1.3
1.1
1.0
2015
2016
2017
1) Excluding minority interest 2) Calculation based on rolling net income
February 20
Investor Presentation
Financials
2018
2019
www.tupras.com.tr
Return on Average Equity²
35%
22%
41%
37%
5%
2015
2016
2017
2018
2019
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