H1 2019 Results

Income Statement (Million TL) We generated 1.5 bn TL EBITDA and 870 mn TL net income in Q2 2019. Q2 2019 Q2 6M 6M % % 2018 2019 2018 Net sales COGS Gross Profit Operating Expenses 23,953 20,081 19% 44,661 33,502 33% -22,282 -17,860 25% -41,998 -30,212 39% 1,671 2,221 -25% 2,662 3,290 -19% -420 -277 52% -793 -545 46% Income/Loss from other operations 82 -877 -309 -988 Operating Profit 1,333 1,066 25% 1,561 1,756 -11% Income/Loss from equity investment 47 86 -45% 110 138 -20% Operating Profit before financial income/loss 1,379 1,152 20% 1,671 1,894 -12% Financial income/expense -796 -227 -1,397 -497 Profit Before Tax 584 925 -37% 274 1,397 -80% Net Profit (excluding minority interest) 870 1,027 -15% 495 1,405 -65% EBITDA* Inventory Gain/Loss EBITDA CCS* 1,495 2,210 -32% 2,346 3,243 -28% 675 1,016 -34% 976 1,283 -24% 820 1,194 -31% 1,370 1,960 -30% * On CMB reports, EBIT includes extra items such as FX impacts of trade receivables and payables. In our EBITDA calculation, FX related items are excluded from EBIT as customary in international practices. Investor Presentation www.tupras.com.tr KEY FINANCIALS 27

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