Sustainable Smart Spaces & Wellness @ Home

EBITDA margin expansion thanks to improved cost environment FCF under pressure due to increased WC and higher CAPEX 4,0% EBITDA Margin 3Q23 Highlights Arçelik Working Capital/Sales 24,4% 8,7% 10,6% (1,8%) (0,3%) 21,0% 22,7% 23,4% 3Q22 Δ Δ Δ 3Q23 2022 1Q23 2Q23 3Q23 Non-cash GP Margin OPEX/Sales Items CAPEX/Sales 5.1% 4.0% 3Q22 3Q23 TRYmn Free Cash Flow 1,729 (2,538) 3Q22 3Q23 33

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