IAS29 Adjustment Historical Figures ▲65.1% 11,053 18,245 2022 2023 36,608 43,877 13,629 (4,034) (850) (1,090) (386) EBITDA Δ in Δ in Direct Δ in G&A Δ in S&M Δ Doubtful EBITDA ▲19.9% 2022 Revenues Cost of Revenues* Expenses Expenses Trade Receivables** 2023 • The EBITDA margin improved by 1.8% YoY thanks to lower energy expenses, interconnection expenses, and cost of goods sold as a percentage of revenues Net Income 2022 Δ Tax Δ Profit & Loss from Disc. Op. FY 2023 Results | 15 OPERATIONAL CAPEX/SALES Histo ...

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Q3 2023 Results Conference Call November 7, 2023 12:00 PM ET Kayahan Demirak - AK Investment Nagy Nora - Erste Group Bank AG Murat Ignebekçili - HSBC Thank you, [Gaeli]. Hello, everyone. Welcome to Turkcell's third quarter 2023 earnings call. I am Ozlem Yardim, and recently appointed as the Head of IR and M&A success. I'm here with the company more than a decade and excited to meet each of you in person in the near future. I'm always here to address your question ...

Financial Data and Key Metrics - Group revenues increased by TRY 9.2 billion, a 74% YoY growth, driven by Turkcell Turkey's expanding subscriber base and strong ARPU growth [19] - EBITDA reached TRY 9.5 billion, almost doubling YoY, with a 44% EBITDA margin, supported by strong top-line growth and reduced energy prices [37] - Net profit rose 70% YoY to TRY 3.2 billion, reflecting solid operational performance and prudent risk management [37] - Mobile ARPU accelerated by 84%, driven by price adjustments and upsell efforts, with a churn rate of 1.9% [28] - Residential fiber ARPU grew by 49%, surpassing quarterly average annual inflation, with 53% of fiber customers opting for 12-month or contract-free tariffs by June [16] Business Line Performance - Mobile operations: Postpaid subscribers increased by 404,000 in Q2, representing 70% of the mobile base, despite competitive pressures and rising acquisition costs [11] - Fixed broadband: Gained 40,000 fiber subscribers and 35,000 IPTV net additions in Q2, exceeding the annual homepass target with 165,000 additions in H1 [12][33] - Digital business services: Revenue grew 82% YoY, contributing 10% of total revenue, driven by system integration projects, data center, and cloud businesses [13] - Techfin: Paycell revenue rose 95% YoY, supported by Pay Later, mobile app store payments, and increased card usage [35] - International operations: Turkcell International revenue grew 48% YoY, with lifecell Ukraine revenue up 36% in local currency, exceeding inflation [23] Market Performance - Turkcell Turkey: Main driver of group revenue growth, supported by subscriber expansion and ARPU growth [19] - Ukraine: lifecell revenue grew 36% YoY in local currency, with EBITDA margin improving by 1.2 percentage points due to lower interconnection and energy costs [23] - Pakistan: OTT TV services surpassed 1 million active users through a partnership with Jazz [17] Strategic Focus and Industry Competition - Focus on inflationary pricing strategy, with price adjustments in August for both mobile and fixed services [30] - Continued investment in fiber expansion, with a take-up ratio expected to rebound as the company monetizes its investments [33] - Strategic partnerships in digital services, such as the nationwide QR payment project and collaborations with global studios for TV+ [14][38] - Regulatory environment: Expectation of 5G licensing and spectrum tender in 2024, with no immediate changes anticipated [62] Management Commentary on Operating Environment and Outlook - Management remains cautious on EBITDA margin for H2 due to expected energy price increases and a 37% wage hike in July [44][56] - Guidance for 2023 revised to 71% revenue growth, TRY 37 billion EBITDA, and 22% CapEx intensity [39] - FX risk management: Majority of cash held in hard currencies, with a net long FX position of US$84 million, within the neutral range [24][45] Other Key Information - CapEx intensity for the last 12 months was 20.7%, with mobile and fixed investments accounting for over 70% of total CapEx [20] - Cash position increased by TRY 7.8 billion in Q2, with FX movements contributing TRY 6.2 billion [41] - Net debt position stood at TRY 28.2 billion, with net leverage at 1x (0.8x excluding Financell) [41] Q&A Session Summary Question: Subscriber growth and ARPU outlook - Mobile subscriber growth slowed in Q2, with 165,000 net additions, driven by seasonality and prepaid segment challenges [54] - Price adjustments in August for mobile and fixed services, with further adjustments expected in Q4 to align with inflation [30][64] Question: CapEx intensity and FX impact - CapEx intensity expected to decrease slightly in 2024, but uncertainty remains due to FX dependency and macroeconomic conditions [65] - FX hedging strategies helped limit losses, with a positive M2M valuation on the derivative portfolio [31][57] Question: Ukraine operations and 5G licensing - Ukraine operations performing well despite the war, but future performance remains uncertain due to the ongoing conflict [67] - 5G licensing expected in 2024, with no immediate regulatory changes anticipated [62] Question: Financial expenses and hedging impact - Financial expenses increased due to FX movements, but hedging strategies mitigated losses, with a net long FX position of US$84 million [52][57]

Company Participants Conference Call Participants Operator At this time, I would like to turn the conference over to Mr. Ali Serdar YaÄcı, Investor Relations and Corporate Finance Director. Mr. YaÄcı you may now proceed. Thank you Gaily. Hello everyone. Welcome to Turkcell's first quarter 2023 results call. Today our CEO, Mr. Murat Erkan; and Acting CFO, Mr. Kamil Kalyon will be delivering a brief presentation on operational and financial results. And afterwards we will be doing Q&A. Now I'm handing over to ...

Turkcell Group Q1 2023 Highlights: A Promising Start to the Year 17.3 Bn TL MOBILE ARPU 67GROWTH* .9%YoY ₺ Accelerating topline growth despite earthquake effect | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------|-------------------------|-------|-------|------------------------------------------------|-----------------------------------------|------------------------------|---------------|--------------|-----------------------------------------------------| ...

Table of Contents As filed with the Securities and Exchange Commission on April 27, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transiti ...

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Q4 2022 Earnings Conference Call March 9, 2023 12:00 PM ET Company Participants Ali Serdar Yağcı - Investor Relations & Corporate Finance Director Murat Erkan - Chief Executive Officer Kamil Kalyon - Acting Chief Financial Officer Conference Call Participants Mandaci Ece - Unlu Securities Annenkov Evgeny - Bank of America Operator Ladies and gentlemen, thank you for standing by. I am Maria, your Chorus Call operator. Welcome, and thank you for joining the Turkce ...

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Q3 2022 Earnings Conference Call November 3, 2022 12:30 PM ET Company Participants Ali Serdar Yac - Investor Relations & Corporate Finance Director Murat Erkan - Chief Executive Officer Osman Yilmaz - Chief Financial Officer Conference Call Participants Kennedy-Good Jonathan - JPMorgan Nagy Nora - Erste Group Demirak Kayahan - AK Investment Operator Ladies and gentlemen, thank you for standing by. I'm Mina, your Chorus Call operator. Welcome and thank you for joi ...

| --- | --- | |-----------------------------------------------|-------| | | | | TURKCELL GROUP Q3 2022 \| November 3, 2022 | | | | | | --- | --- | --- | --- | --- | |-------|-------|-------|--------------------------------------------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Murat Erkan Turkcell CEO BUSINESS OVERVIEW | | | | | | | | Turkcell Group Third Quarter Highlights 700 REVENUE 56.7%YoY 14.7 Bn TL 1 Mn TOTAL NET ADD EBITDA 48.7%YoY 6.0 Bn TL 240 K NEW HOMEPASS NET INCOME 67.6%Y ...

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Q3 2021 Earnings Conference Call November 4, 2021 1:00 PM ET Company Participants Ali Serdar Yagci – Investor Relations and Corporate Finance Director Murat Erkan – Chief Executive Officer Osman Yilmaz – Chief Financial Officer Conference Call Participants Jonathan Kennedy-Good – JPMorgan Ivan Kim – Xtellus Capital Ondrej Cabejsek – UBS Nora Nagy – Erste Group Kayahan Demirak – AK Investment Operator Ladies and gentlemen, thank you for standing by. I'm Konstantin ...