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Investor Presentaiton

Tüpraş and Med Refining Margins 8.1 Tüpraş Net Margin Med Margin 9.3 ($/bbl) Gross Inventory Margin Effect Clean Clean Gross NET Margin Margin Net Med Margin Margin 5.7 Q1 2022* 11.8 4.7 7.1 0.5 5.2 9.5 5.3 4.6 3.7 2021 10.5 2.1 8.4 3.6 5.7 1.6 1.7 1.6 1.3 Q1 2021 7.7 2.5 5.2 -1.0 1.5 -0.2 2022G 8-9 -0.2 2017 2018 2019 2020 2021 Premium to the benchmark Mediterranean peers' refining margin due to: • Ability to use heavier and sour crudes with higher complexity • • Access to a wide range of cheaper sources of crude oil Ability to produce a broad range of refined products with higher value added • Close proximity to major suppliers reduces transport costs Lower cost basis and more efficient energy usage • Direct pipeline connections with domestic clients * Med Margin is higher than Tüpraş's Net Margin in Q1 2022 after the significant widening in Urals due to Russia-Ukraine war. Weight of Ural crude oil is 100% for crude oil supplies in the theoretical calculation of Med Margin. Aug-22 Investor Presentation Financials www.tupras.com.tr 26
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