Turkcell Summary Data Document Q123

Ownership Structure Financial Performance

Turkey Revenue
IMTIS TRY million
Wealth Holdings
Fund 26% 62%
20% 17,276
10,695

54%
Publicly
Traded Q122 Q123

About Turkcell EBITDA

TRY million

Turkcell is a digital operator headquartered 57%

in Turkey, serving its customers with its 6,759
unique portfolio of digital services along 4,302
with voice, messaging, data and IPTV
services on its mobile and fixed networks.
Turkcell Group companies operate in 4
Q122 Q123
countries: Turkey, Ukraine, Belarus, and
Northern Cyprus.
Net Income
Turkcell Group reported TRY17.3 billion TRY million
revenue in 1st quarter of 2023 with total
assets of TRY109.8 billion as of March 31, 251%
2023. It has been listed on the NYSE and 2,817
the BIST since July 2000, and is the only
NYSE-listed company in Turkey. 803

Stock Information Q122 Q123

Ticker: TCELL / TKC Operational CAPEX/Sales

Market Cap (May 8): US$3.7 billion
19.9%
Foreign Ownership (May 8): 77% 17.3%
Dividend Yield (2021): 3.2%

2023 Guidance Q122 Q123

Leverage & FX Position

Revenue 1.2x 1.2x 1.0x 0.9x 0.9x
55-57% 300
Growth
200 0.5
100 -0.5
0
EBITDA ~TRY34 Bn -100
-1.5
(19) (25) (31) -2.5
-200
(149)
-300 (204) -3.5
Op. CAPEX*/
~22% Q122 Q222 Q322 Q422 Q123
Sales
FX Position (USDmn) Net Leverage*
* Excluding license fees
* Net Debt / EBITDA
 Telecom Services - Highlights Strategic Focus Areas
4%
Subscribers (million) Revenue Digital Services & Solutions
25.9 Share
Revenue (TRY million)
11.6
3.0 1.3 65%
700
Postpaid Prepaid Fixed IPTV
broadband 424
520
QoQ
342K↑ 367K↓ 44K↑ 28K↑ 302
Net Add
122 180
ARPU (TRY) Q122 Q123
31.4% Digital Telco Services Digital OTT Services
67.9% • 5.2 Mn standalone paid user
118.1
100.4 89.9 • 1.3 Mn IPTV paid user; 1.0 Mn OTT TV
Q122 paid user
59.8
• 1.9 Mn lifebox paid user
Q123

9%
Mobile Blended Residential Fiber
(excl.M2M)
Revenue Digital Business Services
Share
Revenue (TRY million)
Churn (Monthly Avg.) 104%
1.6% 1.7% 1.5% 1,613
1.4% Fixed
1.2% 791
1.0% Fiber

Q122 Q123 Q122 Q123 Q122 Q123

Mobile Fixed Broadband
• 1,160+ new contracts in Q123
• TRY2.5 Bn backlog from system
Mobile Data KPIs (Avg. GB/User) integration projects
Non 4.5G Users 4.5G Users Total Users
4%
Revenue Techfin Services
Share
17.4 16.2 Revenue (TRY million)
14.7 13.4
72%
5.5 6.3 606*

Q122 Q123 353* 294

164
Smartphone 88% 317
Penetration ↑1.5pp YoY 193

Q122 Q123
Fiber Homepass & Subscribers (million) Financell** Paycell

2.0 2.1 2.1 2.2 Paycell

1.9
2.1 • 79% YoY revenue growth in Q123
5.4 5.5
5.6 5.0 5.2 1.6 • 7.7 Mn 3-month active users, up 12% YoY
4.7 • TRY18.2 Bn transaction volume, 2.7x YoY
4.6 1.1
Financell
3.6 0.6
• 65% YoY revenue growth in Q123
Q122 Q222 Q322 Q422 Q123
• 13 Mn customers with ready credit limit
Fiber Homepass Fiber Subscriber • 13% market share*** for loans below TRY10K
* Includes the revenues of Turkcell Aracılık Hizmetleri AS (Insurance Agency) and intercompany eliminations. ** Following the change in the organizational structure, the revenues of Turkcell Sigorta Aracılık Hizmetleri A.Ş. (Insurance Agency), which was
previously managed under the Financell, has been classified from Financell to "Other" in the Techfin segment as of the first quarter of 2023. Within this scope, all past data have been revised for comparability purposes. *** As of February 2023.