SUWEN TEKSTİL SANAYİ PAZARLAMA A.Ş.

Earnings Release • Mar 14, 2025

INVESTOR PRESENTATION January 1 – December 31, 2024

YASAL UYARI

TABLE OF CONTENT

2024 HIGHLIGHTS

FINANCIAL RESULTS

SALES AND OPERATIONAL INITIATIVES

2025 MANAGEMENT GUIDANCE

APPENDIX

HIGHLIGHTS

2024 Highlights

Consolidated Highlights		Turkiye Highlights
4.358 TRY m Revenue (TRY 3.888 m pre-IAS29)	21% Revenue Growth (90% pre-IAS29)	18% Retail Revenue Growth (87% pre-IAS29)	40% Online Revenue Growth (119% pre-IAS29)
975 TRY m EBITDA (TRY 1.137 m pre-IAS29)	22,4% EBITDA Margin (29,3% Pre-IAS29)	122 sqm Average Store Size	50 cities 180 mono brand stores in
232 TRY m Net Profit (TRY 453 m of Net Profit pre-IAS29)	331 TRY m Net Debt (Excl. IFRS16 lease liabilities)	14,9 million Visitors in stores in 2024 (13.8 million in 2023)	1.210 TRY TL Average Ticket Size Grew by 72% Y-o-Y pre-IAS29

• Consolidated revenue grew by 21% (Y-o-Y) after IAS29 (inflation adjustment) Growth is 90 % pre-IAS29.
• Domestic retail revenue growth realized 18% with the inflation adjustment Growth is 87 % pre-IAS29
• E-Commerce revenue growth realized 40% with the inflation adjustment Growth is 119 % pre-IAS29
• In addition to revenue growth, EBITDA margin improved by 60 bps compared to the same period in prior year and reached at 22,4% in 2024.
• As of December 31, 2024, there is a net debt position of TRY 331 m.
• Number of stores in Turkiye reached at 180 (5 of which are operated by franchisees & the rest belong to Suwen)
• Number of International SOS (Self-Owned-Stores) reached at 9 (7 of which are in Romania while the rest is in Cyprus).
• Number of International FOS (Franchisee-Owned-Stores) reached at 9 in 7 different countries/ regions.

02 FINANCIAL RESULTS

CONSOLIDATED FINANCIAL RESULTS (PRE-IAS29)

2,050 3,888 3,987 23A 24A 24B 295 457 667 630 599 962 1,240 1,086 630 933 1,272 1,151 Q1 Q2 Q3 Q4 2023A 2024A 2024B 90% 3,888 3,987 23A 24A 24B 667 630 599 962 1,240 1,151 Q1 Q2 Q3 Q4 2023A 2024A 2024B 90% Revenue (Million TRY) Gross Profit (Million TRY) 3,888 3,987 599 962 1,240 1,086 933 2023A 2024A 2024B 3,888 3,987 962 1,240 2023A 2024A 2024B

Revenue (Million TRY)

Gross Profit (Million TRY) CONSOLIDATED FINANCIAL RESULTS (PRE-IAS29) CONSOLIDATED FINANCIAL RESULTS (PRE-IAS29)

Net Profit (Million TRY) ¹⁴⁹²¹⁵ 221 ¹⁴⁹²¹⁵ 221 EBITDA (Million TRY) Net Profit (Million TRY) EBITDA (Million TRY) Net Profit (Million TRY)

2023A 2024A 2024B 45%

2023A 2024A 2024B 45%

EBITDA (Million TRY) 435 435

Q1 Q2 Q3 Q4

Q1 Q2 Q3 Q4

387

387

CONSOLIDATED MARGINS (PRE-IAS29)

30.8% 29.3% 30.9% 32.6% 30.6% 30.7% 29.0% 32.7% 34.2% 33.6% 2023A 2024A 2024B 30.8% 29.3% 30.9% 20.7% 34.8% 32.6% 30.6% 19.3% 33.8% 30.7% 29.0% 16.8% 32.7% 34.2% 33.6% 2023A 2024A 2024B Gross Profit Margin (%) EBITDA Margin (%) 60.9% 60.0% 61.2% 63.3% 59.3% 34.8% 32.6% 30.6% 33.8% 30.7% 29.0% 32.7% 34.2% 33.6% 2023A 2024A 2024B

30.8% 29.3% 30.9%

23A 24A 24B Q1 Q2 Q3 Q4 23A 24A 24B Q1 Q2 Q3 Q4

Net Profit Margin (%) Net Profit Margin (%)

13.1% 2023A 2024A 2024B

EBITDA Margin (%)

CONSOLIDATED FINANCIAL RESULTS (BASED ON IAS29)

xx% Growth Rate xx.x% Margin

CONSOLIDATED BALANCE SHEET INDICATORS (BASED ON IAS29)

03 SALES AND OPERATIONAL INITIATIVES

REVENUE BY CHANNEL (BASED ON IAS29)

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

INT Retail (*)

Online 13,8%

2,5%

TR Retail

82,6%

xx% Growth Rate %

TURKIYE RETAIL REVENUE (PRE-IAS29)

# of Store Visits (Million)

DOMESTIC OPERATIONAL INITIATIVES

Throughout 2024, 12 new stores were opened, while 2 stores were closed, resulting in a net increase of 10 new store openings.

19 stores renovated with new concept and 3 stores were relocated to increase their square footage.

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

XX # of Stores XX Average sqm / store

INTERNATIONAL ACTIONS

Country / Region	Franchise Agreement	# of Stores Dec. 2024	5 Year Plan (2025-29)
Azerbaijan	✓	2	10
Qatar	✓	1	4
Algeria	✓	1	4
Jordan	✓	1	5
Turkmenistan	✓	1	3
Iraq	✓	2	10
Moldova	✓	1	3
Mongolia	✓	-	3
Other Countries (*)	✓	-	5
Other Countries (*)	✓	-	3
Other Countries (*)	≈	-	40+
INTERNATIONAL FOS		9	90+

INTERNATIONAL SOS Romania SOS (**) Cyprus SOS (**) TOTAL INTERNATIONAL 18 115+ Other Countries SOS (**) Country / Region # of Stores Dec. 2024 5 Year Plan (2025-29) 7 17 2 3 - 5 9 25 Franchise Agreement

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.

E-COMMERCE OPERATIONS (PRE-IAS29)

Foreign E-Commerce (*)

REVENUE BY PRODUCT CATEGORY (*)

Bras, panties, camisoles and corsets

Pyjamas, nighties and morning gowns

Bikinis, swimsuits, cover-ups, and beach accessories

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 2025 MANAGEMENT GUIDANCE

2025 MANAGEMENT GUIDANCE

Expectations (EXCLUDING IAS 29)

05 APPENDIX

IAS29 IMPACT (ON EBITDA&NET PROFIT – 2024

NET PROFIT (IAS 29 IMPACT) 453 91 86 (361) (20) (17) 232 Net Profit (pre-IAS29) CAPEX and Right of Use Inventories Equity Change in Deffered Tax Other Net Profit (based on …

AWARDS

٠ 2022

SUMMARY CONSOLIDATED INCOME STATEMENT SUMMARY CONSOLIDATED INCOME STATEMENT

			Δ (%)
			(2024/
			2023)
Thousands of TL	2023	2024
‡˜‡—‡	͵Ǥ͸ͳͶǤͷ͹ʹ	ͶǤ͵ͷͺǤͳͳ͵	ʹͳΨ
'•–'ˆƒŽ‡•ȋǦȌ Gross Profit	ȋͳǤ͹ͶͳǤͳͳʹȌ 1.873.460	ȋʹǤͲ͵͸ǤͶͳͺȌ 2.321.694	ͳ͹Ψ 24%
Gross Profit (%)	51,8%	53,3%
'‡"ƒ–‹‰𒇐•‡•ȋǦȌ	ȋͳǤͷͳͻǤͺ͵͵Ȍ	ȋͳǤ͹ͺͺǤ͵ͷ͵Ȍ	ͳͺΨ
–Ї"…'‡Ȁȋ𒇐•‡Ȍˆ"'ƒ‹'‡"ƒ–‹'•ǡ‡–	ȋͳͻǤͳͺ͵Ȍ	ȋͶͲǤʹͻͳȌ	ͳͳͲΨ
Operating Profit Operating Profit (%)	334.444 9,3%	493.050 11,3%	47%
…'‡Ȁȋ𒇐•‡Ȍˆ"'˜‡•–‹‰…–‹˜‹–‹‡•ǡ‡–	ͳͻͺ	͸ǤͷͺͲ	͵ʹͳͺΨ
Operating Profit Before Financial Expense	334.642	499.630	49%
‹ƒ…‹ƒŽ…'‡Ȁȋ𒇐•‡Ȍǡ‡– '‡–ƒ"›‰ƒ‹ȀȋŽ'••Ȍ	ȋͳ͵͵ǤͷͺͻȌ ʹͺͳǤ͵Ͷ͹	ȋ͵ͺͲǤ͵ͻ͸Ȍ ʹͳͺǤͺͷͶ	ͳͺͷΨ ȋʹʹΨȌ
Profit Before Tax from Continuing Operations	482.401	338.088	(30%)
ƒš‡•'…'‡	ȋͳ͸ͻǤͻͶ͹Ȍ	ȋ͹ͶǤʹͷͺȌ	ȋͷ͸ΨȌ
‡ˆ‡""‡†ƒš…'‡Ȁȋ𒇐•‡Ȍ	ȋ͵ͷǤͺ͹͹Ȍ	ȋ͵ͳǤͷͳʹȌ	ȋͳʹΨȌ
Net Profit for the Year	276.577	232.318	(16%)
Net Profit for the Year (%)	7,65%	5,33%
EBITDA	788.556	975.145	24%
EBITDA (%)	21,8%	22,4%

SUMMARY CONSOLIDATED BALANCE SHEET

SUMMARY CONSOLIDATED BALANCE SHEET

Thousands of TL	2023	2024	Change (%)
—""‡–••‡–•	ͳǤͳ͸ͲǤͻ͸ͺ	ͳǤ͸ʹ͹ǤͷͶͷ	ͶͲǡʹΨ
'Ǧ…—""‡–••‡–•	ͻͷ͵Ǥ͸͹͸	ͳǤͲͲͺǤͲͷͶ	ͷǡ͹Ψ
Total Assets	2.114.644	2.635.598	24,6%
—""‡–‹ƒ"‹Ž‹–‹‡•	ͷͻͷǤ͹ͳͷ	ͳǤͲͳͶǤ͵͵ͷ	͹Ͳǡ͵Ψ
'Ǧ…—""‡–‹ƒ"‹Ž‹–‹‡•	͵ʹʹǤͲͲʹ	͵͸ͶǤͲʹͲ	ͳ͵ǡͲΨ
Total Liabilities	917.717	1.378.355	50,2%
Equity	1.196.926	1.257.244	5,0%
Total Liabilities & Equity	2.114.644	2.635.598	24,6%

COMPANY PROFILE

• Reporting Period: 01.01.2024 31.12.2024
• 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