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Investor Presentation

Installed Generation Capacity (GW) ENERGY & CLIMATE TECHNOLOGIES: SECTOR OVERVIEW Liberalized market mechanism in Türkiye Change of Licensed Electricity Generation as Public-Private by Years (1) (%) 100 78.9 83.1 84.2 85.0 81.9 85.1 80.5 84.0 80 66.6 72.0 59.7 62.2 60 40.3 37.8 33.41 40 28.0 19.5 21.1 16.9 15.8 15.0 18.1 16.0 14.9 20 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Public Private 120 80 60 40 20 ༆ ཎྜ ྂ ¥ ཊཿ ॰ 100 (1) Source: TEIAS (2) EPIAS, BOTAS Development of Installed Generation Capacity & Generation(1) 100 50 0 2011 2014 2017 2018 2019 2020 2021 2022 Installed Generation Capacity (GW) ........ Generation (TWh) 400 350 300 250 200 150 Generation (TWh) USD/MWh 250 200 150 100 50 Jan-21 Mar-21 May-21 Jul-21 TL/MWh 4,000 3,000 2,000 1,000 Spot Electricity Prices (TL/MWh, LHS) vs Natural Gas Prices(TL/sm3) (2) Jan-21 Mar-21 May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 Spot Prices (TL/MWh) May-22 Jul-22 Sep-22 Nov-22 Jan-23 Mar-23 May-23 Jul-23 BOTAŞ Tariff (TL/sm3) Spot prices vs Feed-in-tariff (USD/MWh) (2) Sep-21 Nov-21 Jan-22 Mar-22 May-22 Jul-22 Sep-22 Nov-22 Jan-23 Spot Prices (USD/MWh) FIT (USD/MWh) Mar-23 May-23 Jul-23 Sep-23 SABANCI Sep-23 15 10 225050 TL/sm3 6
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