SUWEN TEKSTİL SANAYİ PAZARLAMA A.Ş.

Investor Presentation • Aug 15, 2025

INVESTOR PRESENTATION January 1 – June 30, 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 H1 2025

Consolidated Highlights		Turkiye Highlights
2.408 TRY m Revenue	8.3% Revenue Growth	6.6% Retail Revenue Growth	26.3% Online Revenue Growth
431 TRY m EBITDA	17.9% EBITDA Margin	125 m2 Average Store Footprint	51 cities 184 mono brand stores
65 TRY m Net Profit	-526 TRY m Net Debt (Excl. IFRS16 lease liabilities)	6.4 million Visitors in stores	1.622 TRY TL Average Ticket Size

Inflation-adjusted revenue increased 8.3% YoY.

• Retail revenue in Türkiye grew 6.6% YoY; e-commerce increased 26.3% YoY.

• H1 2025 store traffic totaled 6.4 million visits; average store size was 125 m2.

• Average basket size reached TRY 1,622.
• EBITDA margin was 17.9% in H1 2025.

As of June 30, 2025, net debt was TRY 526 million.

Store footprint in Türkiye reached 184 (retail 179, franchise 5).

International footprint totaled 15 stores: retail 9 (Romania 7, Cyprus 2) and franchise 6.

02 FINANCIAL RESULTS

CONSOLIDATED FINANCIAL RESULTS (1/2)

Gross Profit (Million TRY) 475 472 785 792 1.260 1.264 Q1'24 Q1'25 Q2'24 Q2'25 H1'24 H1'25 56,7% 52,5% 59,5% 58,3% 52,5% 45,0% -0,5% 0,8% 0,3%

CONSOLIDATED FINANCIAL RESULTS (2/2)

Net Profit (Million TRY)

CONSOLIDATED BALANCE SHEET HIGHLIGHTS

03 SALES AND OPERATIONAL DEVELOPMENTS

REVENUE BY CHANNEL (1/2)

Revenue by Channel (Million TRY)

H1 2024 H1 2025

xx% Growth Rate %

REVENUE BY CHANNEL (2/2)

x,x% Growth % x,x Total

TURKIYE RETAIL OPERATIONS (1/2)

Revenue (Million TRY)

# of Invoices ('000 Unit)

# of Visitors (Million)

Average Ticket Size (TRY)

xx% LFL Growth xx% Budget Variance Growth Rate

TURKIYE RETAIL OPERATIONS (2/2)

In H1 2025, five new stores were opened.

During the same period, 16 stores underwent concept upgrades.

14.577 17.422 19.910 21.592 21.910 22.503 2021 2022 2023 2024 2025 Q1 2025 Q2 112 117 120 123 124 125

xx # of stores xx avg. Sqm

Average Ticket Size (TRY) # of Online Visitors (Million)

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

(*) In 2024, sales started in foreign marketplaces.

Türkiye Romania Oman Czechia Slovakia

Saudi Germany Kuwait Bahrain Greece

United Arab Emirates

Arabia

REVENUE BY PRODUCT CATEGORY (*)

47,9% 38,1% 10,0% UNDERWEAR HOMEWEAR BEACHWEAR

Bras, panties, camisoles and corsets

Pantyhoses, socks, tights

Pyjamas, nighties and morning gowns

Bra accessories, silicone pads and garter bands

3,1% 0,7% 0,2% HOSIERY ACCESSORIES COSMETICS

Bikinis, swimsuits, cover-ups, and beach accessories

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

(D)
t
ﯿﻨ
2022
లు జిల్లాదేశ్ మూలాలు

					Δ (%)
	01.01.-	01.04.-	01.01.-	01.04.-	(2025/
Thousands of TL	30.06.2025	30.06.2025	30.06.2024	30.06.2024	2024)
‡˜‡—‡	ʹǤͶͲ͹Ǥͷͷͻ	ͳǤ͵ͷ͹ǤͶͳͲ	ʹǤʹʹ͵Ǥͺ͸ʹ	ͳǤ͵ͳͻǤͶͷͳ	ͺΨ
'•–'ˆƒŽ‡•ȋǦȌ	ȋͳǤͳͶ͵Ǥ͵ͻ͹Ȍ	ȋͷ͸ͷǤͷʹͶȌ	ȋͻ͸͵Ǥͻʹ͸Ȍ	ȋͷ͵ͶǤͳ͹ͷȌ	ͳͻΨ
Gross Profit	1.264.162	791.886	1.259.936	785.276	0%
Gross Profit (%)	52,5%	58,3%	56,7%	59,5%	-415bps
'‡"ƒ–‹‰𒇐•‡•ȋǦȌ	ȋͳǤͲͺ͹Ǥͻʹ͸Ȍ	ȋͷ͸ͳǤͲͻͳȌ	ȋͳǤͲͲͳǤ͸ͶͷȌ	ȋͷʹͺǤͶ͵ͳȌ	ͻΨ
–Ї"'‡"ƒ–‹‰…'‡Ȁȋ𒇐•‡Ȍǡ‡–	ȋͺǤͷͺͷȌ	ͳǤͻͶͲ	ͳʹǤͷͳͳ	ȋʹǤʹͺͳȌ	ȋͳ͸ͻΨȌ
Operating Profit	167.651	232.735	270.802	254.564	(38%)
Operating Profit (%)	7,0%	17,1%	12,2%	19,3%	-521bps
…'‡Ȁȋ𒇐•‡Ȍˆ"'˜‡•–‹‰…–‹˜‹–‹‡•ǡ‡–	͵Ǥ͸͵Ͳ	Ǧ	͸Ǥ͵ͳʹ	ʹǤ͹ͻͺ	ȋͶʹΨȌ
Operating Profit Before Financial Expense	171.281	232.735	277.114	257.362	(38%)
‹ƒ…‹ƒŽ…'‡Ȁȋ𒇐•‡Ȍǡ‡–	ȋʹ͸͹ǤͶͶ͵Ȍ	ȋͳ͵͵Ǥ͸ͻ͹Ȍ	ȋʹͳͲǤͶ͹͸Ȍ	ȋͳ͵ͲǤͻͷʹȌ	ʹ͹Ψ
'‡–ƒ"›‰ƒ‹ȀȋŽ'••Ȍ	ʹʹ͸ǤͲͲ͸	ͳʹ͸Ǥ͵͹ͻ	ͳͲʹǤ͵͸͵	͹Ͳʹ	ͳʹͳΨ
Profit Before Tax from Continuing Operations	129.843	225.417	169.001	127.112	(23%)
ƒš‡•'…'‡	Ǧ	Ǧ	ȋͶ͹ǤͳͳͻȌ	ȋͶʹǤͻͻ͸Ȍ	ȋͳͲͲΨȌ
‡ˆ‡""‡†ƒš…'‡Ȁȋ𒇐•‡Ȍ	ȋ͸ͶǤͷ͵͵Ȍ	ȋ͵ͶǤͻͺͲȌ	ͶǤ͹ͻ͹	ͳͺǤͲ͸͸	ȋͳͶͶͷΨȌ
Net Profit for the Period	65.310	190.437	126.679	102.182	ȋͶͺΨȌ
Net Profit (%)	2,71%	14,03%	5,70%	7,74%	-298bps
EBITDA	430.584	361.317	508.358	388.354	(15%)
EBITDA (%)	17,9%	26,6%	22,9%	29,4%	-497bps

Thousands of TL	31.12.2024	30.06.2025	Change (%)
—""‡–••‡–•	ͳǤͺͻͺǤͻʹʹ	ͳǤͺͶͲǤͻͺͷ	ȋ͵ǡͳΨȌ
'Ǧ…—""‡–••‡–•	ͳǤͳ͹͸Ǥͳ͵͸	ͳǤͶ͹ͷǤͳͻ͵	ʹͷǡͶΨ
Total Assets	3.075.058	3.316.178	7,8%
—""‡–‹ƒ"‹Ž‹–‹‡•	ͳǤͳͺ͵ǤͶ͸ͷ	ͳǤͳͻͷǤͳͳͲ	ͳǡͲΨ
'Ǧ…—""‡–‹ƒ"‹Ž‹–‹‡•	ͶʹͶǤ͹ͳ͸	͸ͲͷǤͺͳʹ	Ͷʹǡ͸Ψ
Total Liabilities	1.608.181	1.800.921	12,0%
Equity	1.466.877	1.515.257	3,3%
Total Liabilities & Equity	3.075.058	3.316.178	7,8%

Ǧ Ǧ

COMPANY PROFILE

• Reporting Period: 01.01.2025 30.06.2025
• 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: 560.000.000 TL
• Head Office Address: Tatlısu Mahallesi Göksu Cad. No: 41/1 Ümraniye/İstanbul
• Email: yatirimci@suwencompany.com
• Website Address: www.suwencompany.com

THANK YOU