TÜRKİYE SINAİ KALKINMA BANKASI A.Ş.

Investor Presentation • Oct 27, 2025

The Industrial Development Bank of Türkiye

Earnings Presentation
3Q-25 Bank-only Results

"Please note that any kind of recording including but not limited to screenshots, video recording, recording via external devices etc. of this presentation it is strictly forbidden for all participants."

3Q25 Summary: Quarterly results in support of year-end targets

FX loan growth continues with new long term loan disbursements reaching USD 1.5 bn year to date

No new NPL inflow since 1Q2024, maintained stage 2 and 3 loans ratios, net COR: -72 bps

Strong liquidity & well diversified funding capacity:

• USD 350 mn Eurobond issuance
• USD 238 mn syndication loan
• USD 300 mn facility agreement under partial guarantee of IBRD

Outstanding NIM exceeding expectations, superior ROE with 31.2%

%54 qoq expansion in the net commission income

Comfortable solvency buffers supporting our growth strategy further

Outstanding 9M25 Performance vs YE-25 Guidance

Financial Guidance	9M-25 Figures	YE25 Guidance	Outlook
(Bank Only)	%	%	%
Growth
FX Adjusted Loan Growth	5.6	Low Teens	On track
Profitability
Net Interest Margin	5.7	~5	Upward
Fees & Commissions Growth	-27	~ CPI	Downward
Return On Equity*	31.2	~30	On track
Efficiency
OPEX Growth	55	> CPI	Neutral
Solvency**
Capital Adequacy Ratio	20.5	~21.0	On track
Tier I Ratio	19.3	~20.0	On track
Asset Quality
NPL Ratio	0.9	< 2.5	Downward
Net Cost of Risk (excluding currency impact)	-72 bps	<50 bps	Downward

Impact Oriented Growth Strategy Buoyant Funding

Development

Sustainable Growth Resilient and Solid Profitability

Superior Risk Profile and Asset Quality

Activities to Support

Robust & Comfortable Solvency Buffers

^* ROE calculation excludes non-recurring items when annualizing net income for the remaining quarters of the year

^**Excluding BRSA's measures

Strong ROE performance supported by continued robust earnings performance

Strong coverage base, free provision stock will further support profitability

• ✓ Total coverage ratio stands at 3.6%
• ✓ Stock of free provisions 1,300 mn TL

Excluding one-offs, there is quarterly expansion in NII, net banking income and bottom line

TLmn	9M-24	9M-25	YoY	2Q-25	3Q-25	Q
Net Interest Income	8,500	10,685	26%	3,837*	3,697	-4
NII exc. CPI Linker Income	5,618	8,497	51%	3,024	3,057
Trading Income/Loss	879	866	-2%	327	241	-2
Net Fees & Commissions	413	302	-27%	91	140	5
Other Income (Inc. Dividend)	551	2,572	367%	1,439*	386	-7
Banking Income	10,343	14,425	39%	5,694	4,464	-2
OPEX (-)	1,563	2,426	55%	916	821	-1
Net Banking Income	8,780	11,999	37%	4,778	3,643	-2
Provisions (-)	601	1,763	193%	1,083	515**	-5
Income From Participations	1,263	1,842	46%	801	513	-3
Tax Provisions (-)	2,406	2,793	16%	1,116	831	-2
Net Profit	7,036	9,285	32%	3,381	2,810	-1

What would be the P&L w/o 2^nd quarter one-offs?

All P&L subtotals indicate expansion when one-offs are

adjusted

One-off One-off Realized TL mn adjusted adjusted 2Q-25 Q₀Q_A Net Interest Income 3,517 3,697 5% Banking Income 4,464 10% 4,064 Net Banking 3,148 3,643 16% Income

Strong solvency NII excludina Strona buffers supported CPI Linker income quarterly fee by internal capital was up by 51% yoy performance generation & 1% gog (qoq 54%) capacity Robust +32% yoy surge in TL 350 mn free bottomline, gog provision contraction due to reversal one-offs in 2^nd Q

Based on MIS data

Interest expense of long and short term swaps, valuations of hedge positions for Eurobonds issued and exchange differences arising from rediscounts are adjusted under NII

Provisions include Expected Credit Losses in the audited P&L excluding impairment expenses of marketable securities

^{5 *}One-off impact from an NPL collection (totaling TL 1.6 bn) **Non-cash loan and cash loan provisions

>>

Strong liquidity and well diversified ESG aligned funding base

Funding / Total Liabilities (exc. Equity & Other)

^* Guaranteed DFI funding ratio is at 46% which is a temporary case and will be at %50 by the end of 2025

Earthquake Related Green Recovery 22%

Inclusiveness 10%

FX Liquidity Coverage Ratio

~597%

Yearly Multilateral Funding Agreements – USD mn

Wholesale Funding in 2025

• ✓ OPEC | EUR 50 million (MOTF guaranteed)
• ✓ AIIB | USD 200 million (MOTF guaranteed)
• ✓ OeEB | EUR 25 million
• ✓ EBRD | EUR 75 million

Maturity Profile of External Debt - USD mn

Sustaining Growth Through a Healthy Asset Base

Asset Composition – TL bn

3Q-25 Loans by Currency

Total Loans - TL bn

No Maturity

Mismatch in the

Balance Sheet

Solid Real Loan Growth with Sustainable Development Focus

Strategic focus

• Transition to Low Carbon Economy
• Climate Adaptation
• Reconstruction of Earthquakeaffected Regions
• Inclusiveness
• Good Job Creation

*Excluding finance sector

Substantially Supported SDGs through Loan Activities

SDG-linked Loans account for 93% of the portfolio.

Climate and Environment focused SDG-linked Loans account for ~60% of the portfolio.

^**Non-Residential Real Estate, Automotive, Holding, Telecom/Technology and others

Asset quality remains solid, with no new NPL inflows for 7 consecutive quarters

• No new NPL inflow since 1Q24
• %88 of Stage 2 & %91 of NPL portfolios are restructured
• Total NPL Coverage: 188%*

• Total Stage 2 Coverage: 97%**

• Total Free Provision Stock: TL 1,300 mn

• 400 mn TL reversal in 1Q25
• 350 mn TL reversal in 3Q25

				-/2bps
/				Net CoR
/	1Q-25	2Q-25	3Q-25	(Excl. currency impact)
Total Provision* (mn TL)	7,905	7,422	7,826
Stage 1	857	902	997
Stage 2	4,118	4,784	5,076
Stage 3	2,930	1,735	1,753	į
	1Q-25	2Q-25	3Q-25
Total Coverage	4.2%	3.6%	3.6%
Stage 1	0.5%	0.5%	0.5%
Stage 2	33.6%	32.7%	32.9%	i
\ Stage 3	90.3%	91.3%	92.9%	/
				1

-72hns

NPL/Total Loans (%)

^*Only cash loans are taken into consideration. Please see our explanation in page 5

^*All Stage 3 loans are converted to TL

^{* *}Hard collateral & provisions are taken into consideration

^* BRSA montly data as of August-25

Front-loaded and ongoing security investments will continue to support NII

Outstanding NIM performance beyond expectations

Net Interest Income inc. Swap Cost (TL mn)

✓ Strong and resilient NII generation

• almost flat gog despite more than tripled swap costs and fall in the CPI linker income
• front-loaded and ongoing security investments continue to contribute to NII
• NII exc. CPI linker gains and swap costs was up by 22% gog

Annualized NIM

*IEA Evolution can be seen in the Appendix

• ✓ Continued expansion in the core NIM
• ✓ Oct-Oct. CPI assumption is 30.8%, indicating upside for 4Q

Maintained Strong Solvency metrics supports our growth strategy

,2,

Sustainable Banking Highlights

Sustainable Finance Targets

Reporting

CDP Corporate QuestionnaireSubmitted in mid-September

Allocation and Impact Reporting 9th edition will be published soon

Green Asset Ratio

The first reporting will be submitted to the BRSA by the end of October.

UNGC CoP Pilot ProgrammeWill be submitted by the end of 2025

Gender Equality Certificate Program

• Exclusively for TSKB employees
• Collaboration with Galatasaray University Social Research Center and Yanındayız Association

• Calculating, verifying, and reporting the emissions generated by our loan portfolio in accordance with the PCAF guidelines since 2021.
• Became a signatory and joined the PCAF in August.

Appendix: Balance Sheet

TL mn		31.03.2025			30.06.2025			30.09.2025
1211111	TL	FX	TOTAL	TL	FX	TOTAL	TL	FX	TOTAL
Cash and Banks	4,376	7,229	11,604	6,997	12,154	19,151	12,244	11,194	23,438
Securities	26,718	20,679	47,397	26,200	22,282	48,482	28,048	23,090	51,138
Loans (Gross)	14,052	176,174	190,227	12,518	193,889	206,407	12,921	204,964	217,885
Provisions	- 3,105	- 4,857	- 7,962	-1,850	-5,589	-7,439	- 1,879	- 6,020	- 7,898
Subsidiaries	9,991	997	10,988	11,183	1,162	12,345	11,941	1,187	13,128
Other	6,006	1,553	7,559	6,769	1,140	7,909	6,682	1,107	7,789
Total	58,039	201,775	259,813	61,817	225,038	286,855	69,957	235,522	305,480
ST Funds	-	13,516	13,516	-	16,812	16,812	-	18,023	18,023
LT Funds	-	128,779	128,779	-	137,874	137,874	-	145,381	145,381
Securities Issued	-	39,906	39,906	-	41,937	41,937	-	58,825	58,825
Repo & MM	13,152	10,375	23,527	17,035	11,603	28,638	13,322	7,140	20,462
Other	4,562	3,057	7,620	5,135	4,808	9,944	3,845	3,809	7,654
Subordinated Debt	-	11,315	11,315	-	12,210	12,210	-	12,429	12,429
Shareholders' Equity	34,918	232	35,150	39,045	394	39,439	42,260	446	42,705
Total	52,632	207,181	259,813	61,216	225,639	286,855	59,427	246,053	305,480

Appendix: Detailed Income Statement

TL mn	9M-24	9M-25	YoY	2Q-25	3Q-25	QoQ
Net Interest Income inc. Swap Cost	8,500	10,685	26%	3,837	3,697	-4%
NII exc. CPI & Swap cost	8,252	10,238	24%	3,319	4,063	22%
CPI Linkers Income	2,882	2,188	-24%	813	640	-21%
Swap Costs (-)	2,635	1,741	-34%	295	1.006	241%
Net Fees & Commissions	413	302	-27%	91	140	54%
Other Income	551	2,572	367%	1,439	386	-73%
Dividends	7	10	39%	5	0	-100%
Other	544	2,563	371%	1,434	386	-73%
Reversals from Free Provisions	-	750	n.m.	-	350	n.m.
Trading & FX gains/losses	879	866	-2%	327	241	-26%
FX gains/losses	668	483	-28%	171	138	-19%
Trading & MtM gain/loss	211	383	82%	157	103	-34%
Banking Income	10,343	14,424	39%	5,694	4,464	22%
OPEX (-)	1,563	2,426	55%	916	821	10%
Net Banking Income	8,780	11,999	37%	4,778	3,643	-24%
Provisions	601	1,763	%	1,083	515	-52%
ECL (-)*	601	1,693	193%	1,013	515	-49%
Free & Other Provisions	-	70	n.m.	70	0	n.m.
Income From Subsidiaries	1,263	1,842	46%	801	513	-36%
Pre-Tax Income	9,442	12,078	28%	4,497	3.641	-19%
Tax (-)	2,406	2,793	16%	1,116	831	-26%
Net Income	7,036	9,285	32%	3,381	2.810	-17%

Appendix: Evolution of strategically managed Interest Earning Assets

• ✓ Interest Earning Assets were up by 6.4% QoQ and 39% YoY, which was driven by
• High FX denomination
• Growth strategy

Appendix: Stage 2 Loans Breakdown

Stage 2 Loans
Sector		%	Coverage (%)
Non-residential Real Estate		35	22
Electricity Generation		31	45
Electricity/Gas Distribution		15	50
Telecom/Logistics		4	9
Automotive Supply Industry		3	30
Metal and Machinery		2	10
Health		1	50
Other		9	19
	TOTAL	100	33

95% of Electricity Generation loans are Renewable

• Hard collateral & provisions are taken into consideration
• Renewable and non renewable percentages in electricity generation loans are as 98% and 2% respectively

Appendix: Net Cost of Risk Calculation

Provisions (TL mn)	3Q25
Stage 1*	99
Stage 2**	1,414
Stage 3	179
Reversals*** (TL mn)	-1,645
Net CoR	32bps
Currency Impact	104bps
Net CoR excl. Currency Impact	-72bps

^*Stage 1 provision costs are adjusted with TL 14.7 mn provisions set aside for securities.

^**Stage 1&2 provisions are shown netted off by Stage 1&2 reversals.

^***Reversals depicted in the table are attributable to Stage 3 Loans. (Collections are assumed as non-recurring one-off items and they are not annualized)

Appendix: ESG Ratings

Constituent company in the FTSE4Good Index Series

Listed in Global 100 Most Sustainable Corporations in the World by Corporate Knights

Sustainalytics ESG Risk Rating

Negligible Risk Category 7.4

First place in Türkiye 12th place among global development banks

Sustainable Fitch

3 (62/100) First place in Türkiye Above global average

LSEG ESG Score

84

BIST Sustainability 25 Index BIST Sustainability Index

FitchRatings

ESG Credit Relevance Score Neutral-to-minimal

Moody's

ESG Credit Impact Score Neutral-to-low

S&P Global

S&P Global CSA

Newly joined Pending

DISCLAIMER

This presentation document is prepared for informational purposes only and contains certain forward-looking comments, opinions, and forecasts. These reflect the views of Türkiye Sınai Kalkınma Bankası A.Ş. ("TSKB") as of the date of this presentation and contain certain assumptions. Although the information and data used in this presentation have been obtained from sources believed to be reliable, TSKB does not guarantee their accuracy, completeness, or truthfulness and does not make any representation or warranties in this respect. The realization of the comments, opinions, and estimates in the presentation may differ according to any changes that may occur in the data, variables, or assumptions that constitute them. Therefore, TSKB may change its opinions and estimates without prior notice. However, under no circumstances can this be considered as a commitment by TSKB to update its comments, opinions, and forecasts under any circumstances. The comments, opinions, and forecasts contained herein should not be interpreted as a recommendation to buy or sell of any capital market instrument or as a promise of return. TSKB expressly declares that it does not assume any responsibility for the results of investment decisions taken on the basis of this document and for any direct or indirect losses that may arise. The presentation document may not be copied or distributed by third parties other than those to whom a copy has been delivered by TSKB.

TSKB Financial Institutions & Investor Relations

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