Investor Presentation - FX Exposure Management

Annual Profit Before Tax Bridge (2018-2019) 2019 PBT was lower mainly due to narrow differentials, weaker crack margins and natural gas price hikes. Million TL 3,724 468 -1,723 -1,114 -912 -587 -311 -431 461 -198 2018 Production Differentials Crack Margin Energy Costs RUP Maintanence Interest Expense FX & Inventory Other 2019 Dec-20 Financials Investor Presentation www.tupras.com.tr 31

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