Koç Holding (KCHOL) Investor presentation summary

Strategic positioning and portfolio

• Largest industrial and services group in Turkey, with ~7% of GDP and ~8% of exports, and only Turkish company in the Fortune Global 500.

• Holds leading positions in energy, automotive, consumer durables, and finance, with strong competitive advantages and sectoral diversification.

• Extensive international presence: exports to over 155 countries, 47% of revenues hard-currency based, and over 130 facilities abroad.

• Stable shareholding structure with significant family ownership and a supportive governance model.

• Strategic alliances with global partners in key sectors, ensuring access to technology and markets.

Financial performance and resilience

• Q1 2026 consolidated revenues reached TL 738bn, up 5% y/y; operating profit up 33% y/y to TL 30.4bn.

• Net income after non-controlling interest turned positive at TL 522mn in Q1 2026, reversing a loss in Q1 2025.

• Portfolio diversification drove resilient results, with strong contributions from energy and finance, offsetting weaker consumer durables.

• Maintains a strong net cash position (US$969mn) and sustainable leverage (Net Debt/EBITDA 1.5x), with 84% of cash in hard currency.

• Dividend income remains robust, with a high payout ratio and majority sourced from companies with FX or FX-linked revenues.

Sector highlights and company performance

• Energy: Record refining margins, high capacity utilization, and strong domestic demand; Tüpraş and Aygaz delivered significant profit growth.

• Automotive: Maintained strong domestic and export positions despite demand headwinds; Ford Otosan and Tofaş showed resilience, while TürkTraktör faced volume declines.

• Consumer durables: Arçelik maintained market leadership and improved margins, but faced weaker demand and negative net income.

• Finance: Yapı Kredi delivered strong core revenue and profit growth, supported by effective spread management and solid asset quality.

• Other businesses: Leadership in home improvement retail, IT, procurement, and financial technologies, with ongoing innovation and digitalization.