Investor Presentaiton

2020 Business Overview A Year Marked by Covid19 Pandemic • Throughout 2020, our priority as a leading and responsible brand was to protect the health of our employees, customers, business partners, and the public. As the Mavi management, we would like to thank the entire Mavi team for standing in unity and working with great energy and dynamism in this challenging period Covid 19 related lockdowns were imposed across the countries we operate in. Turkey operations experienced 92 days of store closures, which meant a 40% decline in trading hours. In the face of closures consolidated sales declined only 16% versus 2019 Online sales remained strong with 110% growth globally compared to 2019 (152% growth in Turkey) Through rigorous supply chain management and product planning gross margin levels were preserved With rapid measures opex decreased by 6%. Turkey rent/revenue ratio kept stable at 16% Agile inventory and sell-through management capabilities enabled us to maintain year-end inventory levels flat in pieces (value increasing only 13% versus 2019) We closed the year with a commendable strong balance sheet position with a leverage ratio close to zero mavi 27

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