SUWEN TEKSTİL SANAYİ PAZARLAMA A.Ş.

Investor Presentation • May 16, 2025

INVESTOR PRESENTATION January 1 – March 31, 2025

LEGAL DISCLAIMER

This presentation is the sole responsibility of the Company. The information contained in this presentation is not intended to be comprehensive, nor has all of this information been independently verified. The information used in the presentation is for discussion purposes only, and it is not intended to use all the information necessary to evaluate the Company or its activities, financial condition or future performance. The information and opinions given within the scope of this presentation are provided as of the presentation date, and changes in the information and opinions will not be subject to notification.

No representation or warranty, express or implied, has been or will be made by the Company, the Company's representatives or any other relevant person as to the objectivity, accuracy, adequacy or completeness of the information or opinions contained in this presentation (or as to whether any information has been omitted from this presentation) and no such assumption is made. To the extent permitted by legislation, the Company, its representatives or any other relevant persons accept no liability for any damage, direct or indirect, arising in any way whatsoever, whether in negligence or otherwise, arising in connection with this presentation.

The data regarding the sector and the competitive environment that may be included in this presentation has been provided, as much as possible, from official or independent sources. Independent sector publications, studies and research generally state that the data in these sources are obtained from sources thought to be reliable, but there is no guarantee regarding the accuracy and completeness of these data. Although the Company believes that each publication, study and research has been prepared by reliable sources, it has not independently verified the accuracy of such information. In addition, the data that may be included in this presentation regarding the sector and the competitive environment are based on the Company's internal research and estimates based on the knowledge and experience of the Company management in the sectors in which the Company operates. Although the Company believes that these studies and estimates are appropriate and reliable, the accuracy and completeness of these studies and estimates and their underlying methodologies and assumptions have not been verified by any independent source, and changes therein will not be subject to notification. Therefore, undue significance should not be attributed to the data related to the sector or competitive environment that may be included in this presentation.

This presentation contains some statements, opinions and estimated figures for the future. They reflect Suwen Management's current view of the future state of the Company and include certain assumptions. Actual results may differ depending on the development and realization of the variables and assumptions underlying the forward-looking statements and estimated figures.

TABLE OF CONTENT

HIGHLIGHTS

FINANCIAL RESULTS

SALES AND OPERATIONAL DEVELOPMENTS

APPENDIX

01 HIGHLIGHTS

Highlights Q1 2025

Consolidated Highlights		Turkiye Highlights
991 TRY m Revenue	16% Revenue Growth	13% Retail Revenue Growth	49% Online Revenue Growth
65 TRY m EBITDA	6,6% EBITDA Margin	124 m2 Average Store Footprint	50 cities 181 mono brand stores
-118 TRY m Net Loss	-550 TRY m Net Debt (Excl. IFRS16 lease liabilities)	2,6 million Visitors in stores	1.425 TRY TL Average Ticket Size

Inflation-adjusted revenue grew 16 % year-on-year.

• The revenue growth from retail operations in Turkey reached 13%.
• The e-commerce sales channel delivered a stronger growth performance, achieving a 49%
• increase.
• With an average store size of 124 m2, our stores received 2.6 million visits in the first quarter of 2025.
• The average basket size reached 1,425 TL, positively impacting sales per customer.
• In the first quarter of 2025, the EBITDA margin realized at 6.6%, representing a contraction compared to the same period of the previous year.

As of March 31, 2025, the net debt amounted to approximately 550 million TL.

A total of 181 stores were reached in Turkey, including 176 retail stores and 5 franchise stores. In addition to 9 retail stores in Romania (7) and Cyprus (2), the company reached a total of 19 international stores abroad, including 10 franchise stores across various countries.

02 FINANCIAL RESULTS

2024 1'Ç25

CONSOLIDATED BALANCE SHEET HIGHLIGHTS

991

991

16,1%

16,1%

Net Working Capital (Million TRY)

03 SALES AND OPERATIONAL DEVELOPMENTS

REVENUE BY CHANNEL

2024 Q1 2025 Q1

xx% Growth Rate %

(*) International Retail includes retail revenue in Romania and Cyprus.

TURKIYE RETAIL OPERATIONS (1/2)

# of Store Visits (Million)

LFL New Store 24 New Store 25 Total 2024 Q1 503 2 - 505 503 2 - 505 527 21 3

xx% LFL Growth xx% Budget Variance Growth Rate

TURKIYE RETAIL OPERATIONS (2/2)

In the first quarter, concept renovations were completed in 14 stores, and the existing square meter area was expanded in 1 store.

# OF STORE DEVELOPMENT IN TURKIYE DOMESTIC GROSS SELLING AREAS (sqm)

INTERNATIONAL OPERATIONS

INTERNATIONAL FRANCHISE (FOS)
Country / Region	Franchise Agreement	# of Stores March 2025	5 Year Plan (2025-29)
Azerbaijan	✓	2	10
Qatar	✓	1	4
Algeria	✓	1	4
Jordan	✓	1	5
Turkmenistan	✓	1	3
Iraq	✓	2	11
Moldova	✓	1	3
Mongolia	✓	1	3
Kuwait	✓	-	5
Bahrain	✓	-	3
Other Countries (*)	≈	-	40+
INTERNATIONAL FOS		10	91+

Country / Region	Franchise Agreement	# of Stores Sep 2025	5 Year Plan (2025-29)
Romania	SOS (**)	7	17
Cyprus	SOS (**)	2	3
Other Countries	SOS (**)	-	5
INTERNATIONAL SOS		9	25
TOTAL INTERNATIONAL		18	115+

INTERNATIONAL RETAIL (SOS)

(*) In addition to the regions where franchise agreements have been already made, negotiations for Gulf countries and Turkic Republics are in progress. (**) SOS: Self Owned Stores.

Türkiye Bahrain Saudi Arabia Romania United Arab Emirates Oman Germany Czechia Kuwait Greece (*) In 2024, sales started in foreign marketplaces. Slovakia

E-COMMERCE OPERATIONS

Türkiye E-Commerce Highligths Domestic Retail E-Commerce International Retail (*) Other Total 2024 Q1 711 105 21 17 853 2025 Q1 803 156 20 12 991 711 105 21 17 803 853 156 20 12 2024 Q1 2025 Q1 13,0% 49,0% -3,7% -30,9% 16,1% 105 156 Net Sales (m TL) 49,0% ^{860 783} Average Ticket Size (TL) 122 199 Number of Invoice 63,5% 122 199 Number of Invoice 63,5%

991

suwen.com.tr Visitor Numbers (*)

991

(*) The visitor numbers on suwen.com.tr refer to the total number of sessions.

2.635 2.329

853

REVENUE BY PRODUCT CATEGORY (*)

UNDERWEAR HOMEWEAR BEACHWEAR

Bras, panties, camisoles and corsets

44,9% 49,4% 1,0%

Pyjamas, nighties and morning gowns

Bikinis, swimsuits, cover-ups, and beach accessories

3,9% 0,4% 0,3% HOSIERY ACCESSORIES COSMETICS

Pantyhoses, socks, tights

Bra accessories, silicone pads and garter bands

Bodymist, soap, cologne

WE HAVE THE POWER WITHIN US

Suwen is a brand that supports women's employment and women's power. 90% of its employees are women, and 55% of them are managers.

In order to support the success of women's volleyball in Turkey, we are also the official sponsor of the Sultans of the Net between 2023 and 2026.

04 APPENDIX

AWARDS

01 110

		Δ (%)
	01.01.-	01.01.-	(2025/
Thousands of TL	31.03.2024	31.03.2025	2024)
Revenue Cost of Sales (-)	853.162 (405.398)	990.641 (545.128)	16% 34%
Gross Profit	447.763	445.514	(1%)
Gross Profit (%)	52,5%	45,0%
Operating Expenses (-)	(446.400)	(496.981)	11%
Other Income/(Expense) from Main Operations, net	13.954	(9.929)	(171%)
Operating Profit	15.318	(61.396)	(501%)
Operating Profit (%)	1,8%	(6,2%)
Income/(Expense) from Investing Activities, net	3.315	3.424	3%
Operating Profit Before Financial Expense	18.633	(57.972)	(411%)
Financial Income/(Expense), net	(75.018)	(126.167)	68%
Monetary gain/(loss)	95.901	93.982	(2%)
Profit Before Tax from Continuing Operations	39.515	(90.158)	(328%)
Taxes on Income	(3.889)	-	(100%)
Deferred Tax Income/(Expense)	(12.517)	(27.878)	123%
Net Profit for the Year	23.109	(118.036)	(611%)
Net Profit for the Year (%)	2,71%	-11,92%
EBITDA	113.204	65.342	(42%)
EBITDA (%)	13,3%	6,6%

Total Depreciaton (111.840) (116.809) ROU (79.724) (85.165) MDV (25.661) (26.803) MODV (6.456) (4.842)

Thousands of TL	31.12.2024	31.03.2025	Change (%)
Current Assets	1.791.321	1.646.183	(8,1%)
Non-current Assets	1.109.492	1.184.764	6,8%
Total Assets	2.900.813	2.830.947	(2,4%)
Current Liabilities	1.116.405	1.064.030	(4,7%)
Non-current Liabilities	400.650	505.209	26,1%
Total Liabilities	1.517.055	1.569.239	3,4%
Equity	1.383.757	1.261.708	(8,8%)
Total Liabilities & Equity	2.900.813	2.830.947	(2,4%)

Check - -

COMPANY PROFILE

• Reporting Period: 01.01.2025 31.03.2025
• Trade name: Suwen Tekstil Sanayi Pazarlama Anonim Şirketi
• Trade registry number: 502674
• Tax No.: 330 049 9555
• Registered Capital Ceiling: 300.000.000 TL
• Issued Capital: 224.000.000 TL
• Head Office Address: Tatlısu Mahallesi Göksu Cad. No: 41/1 Ümraniye/İstanbul
• Email: yatirimci@suwencompany.com
• Website Address: www.suwencompany.com

THANK YOU