TURCAS PETROL A.Ş.

Earnings Release • Apr 18, 2024

2024 GUIDANCE

2024 Guidance

	Guidance (as of 18 April 2024)	Unit
Cash Inflows From Subsidiaries
Shell & Turcas - Preferred Dividend (8 MM \$) + BPA Revenue (7.6 MM \$) (BPA Revenue collected in March, Preferred Dividend will be collected in June)	15.6	MM USD
Shell & Turcas – Ordinary Dividend (Turcas Share) (30 MM TL collected in March, remaining amount will be collected in June)	60	MM TL
RWE & Turcas – Ordinary Dividend (Turcas Share)	30	MM TL
Operational Projections for RWE&Turcas
RWE & Turcas – 2024 Electricity Generation Forecast	~2,800	GWh
RWE & Turcas – 2024 EBITDA Forecast	200 - 250	MM TL
Denizli CCPP Loan Repayments
Early and Scheduled Principal Repayments of Denizli CCPP PF Loans (6.1 MM EUR already repaid as of 18 April 2024)	9.3	MM EUR
Turcas Cash Position / Indebtedness
Year End Net Cash Forecast – (YE Cash Balance – Debt Balance)	4.0	MM EUR

Note: Guidance figures reflect Turcas' expectations as of the disclosure date and may need to be revised depending on the macroeconomic conditions and operational performance of the Subsidiaries.

Thank you!

Contact Information

Mert GÖKNAR

Finance Director E-mail: mert.goknar@turcas.com.tr Phone: +90 212 259 00 00 / Ext: 1243

Arif ŞAHİN

Corporate Finance and Investor Relations Manager

E-mail: arif.sahin@turcas.com.tr

Phone: +90 212 259 00 00 / Ext: 1238