Koç Holding (KCHOL) Investor presentation summary

Strategic positioning and portfolio

• 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, 130+ international facilities, and 36,000+ employees abroad; 50% of revenues are hard-currency based.

• Maintains a stable shareholding structure with significant family ownership and board-level involvement, supporting long-term governance.

• Strategic alliances with global partners (Ford, Stellantis, CNH, LG) enhance competitiveness in key sectors.

• Balanced portfolio structure with defensive, high-dividend assets and high-growth businesses, ensuring resilience and value creation.

Financial performance and investment

• Achieved 7.2% combined revenue growth and TL 20.3bn consolidated net income in 1H26 (+147% YoY), with strong liquidity and net cash position of ~$1bn.

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

• Invested ~$16.9bn over the last five years, focusing on scale, returns, and both domestic and international growth opportunities.

• Dividend income remains robust, with flexible payout policy and majority of income from companies with FX or FX-linked revenues.

• Maintains a credit rating two notches above sovereign, reflecting financial strength and prudent risk management.

Sector highlights

• Energy: Largest refining capacity in Turkey, robust margins, and strategic transition plan focusing on sustainable refining, biofuels, and green hydrogen.

• Automotive: Leading manufacturer and exporter, strong R&D, and global alliances; faced margin pressure and lower domestic sales in 1H26.

• Consumer durables: Market leader in Turkey and Europe, resilient margins despite weak demand, and ongoing footprint optimization.

• Finance: Solid fundamentals, effective spread management, and strong capital buffers; asset quality pressures persist but coverage remains robust.

• Other businesses: Leadership in home improvement retail, tourism, IT, fintech, and healthcare, with significant contributions from unlisted companies.