Koç Holding (KCHOL) Investor presentation summary

Strategic positioning and business model

• Holds leading positions in Turkey's industrial and services sectors, contributing ~7% of GDP and ~8% of exports, with a diversified portfolio in energy, automotive, consumer durables, and finance.

• Operates globally with exports to over 155 countries, 50% of revenues in hard currency, and more than 130 international facilities.

• Maintains a stable shareholding structure with significant family ownership and a history of consistent dividend payments and robust liquidity.

• Strategic alliances with global partners in key sectors, supporting resilience and long-term growth.

• Balanced portfolio structure and sectoral/geographical diversification mitigate cyclicality and macroeconomic risks.

Financial and operational performance

• Achieved 7.2% combined revenue growth and TL 20.3bn consolidated net income in 1H26, up 147% YoY.

• Maintained strong liquidity with ~$1bn net cash and a net financial debt/EBITDA ratio of 1.1x.

• Portfolio diversification drove resilient results, with energy and finance segments showing strong profit growth, while automotive and consumer durables faced headwinds.

• Major investments of ~$16.9bn over the last five years, focusing on both existing and new business opportunities.

• Dividend income remains robust, with flexible payout policies based on income, investment needs, and cash position.

Sector highlights

• Energy: Record refining margins, high capacity utilization, and market leadership in refining and LPG distribution.

• Automotive: Strong export base and market leadership, but faced pricing pressure and lower domestic demand in 1H26.

• Consumer durables: Maintained margin resilience and market leadership despite weak demand and pricing pressure.

• Finance: Solid fundamentals, effective spread management, and robust capital buffers, with 13x YoY net income growth in 1H26.