Investor Presentaiton slide image

Investor Presentaiton

FX Exposure Management (30 June 2021) Tüpraş continues to employ strict FX policies to mitigate currency risks stemming from volatility. A significant portion of the Group's crude oil and refined product purchases are denominated in US Dollars. In addition, the Group finances its capital expenditures mostly through borrowings denominated in US Dollars. • Natural Hedge: The Group is able to mitigate some of the impact of volatility in exchange rates through natural hedges: crude oil and refined product inventories are US Dollar denominated assets. • Cash flow Hedge: RUP Facility financing loans designated as hedging instruments of highly probable export revenues. • As a general Koç Holding financial policy, Group. companies are allowed to keep foreign exchange positions within certain limits. *Cash Flow Hedge Consolidated Hard Currency Assets Cash 192 Receivables & Other Assets 147 Stock 1,737 Forward 2,327 CFH* 490 Sep-21 Investor Presentation Financials www.tupras.com.tr Consolidated Hard Currency Liabilities Million $ Payables & Other -7mn $ Liabilities 2,980 ST Financial Loans 715 • RUP: 190 • Other: 526 LT Financial Loans 1,204 RUP: 368 Eurobond: 670 Other Loans: 166 35
View entire presentation