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Investor Presentation

-2.9 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Investor Presentation www.tupras.com.tr KEY FINANCIALS Sep-15 Dec-15 12.0 9.6 7.2 4.8 2.8 2.4 0.0 Jun-14 Sep-14 Dec-14 Mar-15 3.7 3.9 Jun-15 4.7 4.6 3.2 2.8 3.0 2.5 Balance Sheet Analysis (Billion TL) Strict financial management policies improved current ratio to 1.3x. Cash & Cash Equivalents Financial Loans 7.3 7.4 6.1 5.5 18 20.0 19.6 ST Loans LT Loans 17.9 17.1 16.1 15.1 14.8 5.4 14 4.1 14.3 11.0 11.2 11.6 12.6 12.4 13.0 12.2 11.4 3.6 11.4 9.7 9.7 9.9 5.3 6.5 6 8.6 6.8 7.3 7.7 4.0 4.6 14.2 13.8 5.7 11.2 8.1 8.3 9.3 9.8 9.7 5 2.9 6.2 6.6 8.6 7.0 8.3 9.1 8.1 10.2 10.7 7.4 7.5 2.9 3.5 3.3 0.0 90 07 10 7 1.0 1.3 1.8 1.7 2.1 2.3 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 0 Jun-14 Sep-14 Dec-14 Mar-15 10.0 10.0 8.8 7.8 8.0 6.8 5.9 6.0 6.0 4.0 3.3 3.2 2.6 2.6 1.8 2.0 2.2 2.0 1.1 1.2 0.2 0.5 0.0 7 6.9 5.7 4.5 4.6 4.8 Jun-15 Sep-15 Dec-15 Mar-16 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Payables Receivables 4.0 4.0 5.6 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 12.6 10.5 9.5 9.6 8.4 7.7 7.1 5.9 4.9 4: 3.5 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 36 Sep-18 Dec-18 7.7 16.7 Mar-18 6.9 5.7 5.1 Jun-18 Sep-18 Dec-18 5.5 9.4
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