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Investor Presentation

ENERGY & CLIMATE TECHNOLOGIES: DISTRIBUTION & RETAIL (ENERJİSA ENERJİ) Strong position in distribution & retail and an inflation-linked business with real return Competitive Advantages ► Türkiye's leading electricity distribution and retail company - economies of scale ► TL and inflation linked long-term borrowing to match revenue stream - access to competitive financing with Sabancı brand ► Fundamental growth from incumbent regions (Başkent, Ayedaş and Toroslar) ►Large retail customer base of more than 10 million (representing 22% market share) with high proportion of regulated sales Premium sponsors and superior governance (Sabancı & E.ON) ► Well positioned to capture growth & attractive dividend pay-out Türkiye's no.1 electricity distribution and retail company 22 Million Population Enerjisa 26% 12.1 m Distribution Connections 10.7 m Retail Customers Enerjisa 25% 74% 75% 78% Other Players Other Players Other Players (1) More than 2/3 of retail sales volume is regulated. Enerjisa 22% Distribution 79% Supportive and Transparent Regulatory Framework Operational Earnings (9M 2023) Regulated Retail(1) & Customer Solutions C A Regulated Investment Returns with a supportive WACC (12.3%) Regulated Efficiency & Quality Parameters ►Regulated Retail Margin (2.38% on reference procurement price and retail service revenues resulting in 6.4% gross margin in 9M 2023) 21% SABANCI 14
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