Investor Presentation

Income Statement Tüpraş generated 738 MTL EBITDA in Q4 2019. Q4 Q4 FY FY Million TL % % 2019 2018 2019 2018 Net Sales COGS 21,631 24,803 -13 89,601 88,552 -20,566 -22,778 -10 -84,716 -79,328 Gross Profit 1,065 2,025 -47 4,884 9,224 -47 Operating Expenses -540 -438 23 -1,783 -1,307 36 Income/Loss from other operations -464 1,591 -871 -2,181 Operating Profit 61 3,178 -98 2,230 5,736 -61 Income/Loss from equity investment 25 72 -66 197 257 -23 Operating Profit Before Fin. Income/Loss 86 3,249 -97 2,427 5,993 -59 Financial Income/Expense -525 -1,600 -2,739 -2,268 Profit Before Tax -439 1,649 -311 3,724 Net Profit (excluding minority interest) 186 1,766 -89 526 3,713 -86 EBITDA *(mn.TL) Inventory Gain/Loss EBITDA (mn. TL) CCS 738 1,887 -61% 4,039 8,908 -55 -89 -297 194 2,653 827 2,185 3,845 6,255 *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. February 20 Investor Presentation Financials www.tupras.com.tr 26

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