Investor Presentaiton

Historical Growth Utilizing structural advantages with well executed growth strategy led to Turkish Airlines' success story. Well executed business strategy led to a clear growth trend Fleet Development Since 2002, Turkish Airlines multiplied in size with increasing profitability. Our sound business strategy proved itself many times - even in the pandemic with 1.4 billion USD operational profit in 2021 followed by 2.7 billion USD in 2022. By 2023, Turkish Airlines substantially outperformed its pre-pandemic operational and financial performance. Revenue Development (bn USD) 2002-22 9% CAGR 2002-22 increase 5.6x 435 329 350 370 394 202 98 70 10 2002 2007 2012 2017 2019 2021 2022 09.11.2023 EBITDAR Development 2.0 2002-22 increase 3.7 12% 2002-22 CAGR 20.6 9.4x 18.4 11.0 13.2 Pandemic 8.2 10.7 2019 Level (bn USD) 12% 2002-22 CAGR 6.3 2002-22 increase 10.2x 5.4 3.0 Pandemic 3.7 3.1 1.6 0.8 0.5 2007 2012 2017 2019 2021 2022 LTM 3Q'23 2002 2007 2012 2017 2019 2021 2022 LTM 3Q'23 2002 TURKISH AIRLINES A STAR ALLIANCE MEMBER 2019 Level 2019 Level 5

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