Investor Presentation
Tüpraş: Growing, Resilient, Profitable
Tüpraş is a compelling investment case with strong sales growth, resilient and profitable operational
and financial structure.
Growing
• Operating in a diesel short market
(supplies 45% of the market), along with
strong jet growth.
• Well poised to capture future
opportunities including IMO 2020 with its
output complexity.
• Continuous investment in logistics,
infrastructure and trading capabilities.
Resilient
Strong balance sheet with no
immediate rollover requirement.
• Secure receivables portfolio, tight
working capital management.
Pricing mechanism in place to address
commodity and FX fluctuations.
.
Profitable
Benefits from full system optimization
given high complexity, procurement and
logistics flexibility.
• Prudent hedging practices to ensure
stable earnings Outlook.
High dividend pay-out ratio annually.
Investor Presentation
www.tupras.com.tr
KEY FINANCIALS
44View entire presentation