KONTROLMATİK TEKNOLOJİ ENERJİ VE MÜHENDİSLİK A.Ş.

Investor Presentation • Mar 10, 2025

Investor Presentation Year 2024 1 0 M a r c h 2 0 2 5

Disclaimer

This presentation reflects the opinions of the Company management regarding future events, including future expectations, as well as the analysis of the information and financial statements about Kontrolmatik Teknoloji Enerji ve Mühendislik A.Ş ("Kontrolmatik" or the "Company"). Although it is believed that the information and analysis given are accurate and that the expectations are true, future results may deviate from the projections given here, depending on the change in the factors underlying the projections. The Company, its directors or employees or other relevant persons cannot be held responsible for any damages that may arise from the use of the information in this presentation. Except for the statements made in this presentation, all statements, including but not limited to, the launches of our new business, our operations, our financial position and our business strategies, may contain forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are currently reasonable, it cannot give any assurance that these expectations will be realized accurately. The Company does not accept any responsibility or liability for the accuracy or completeness of the information contained in this presentation or other written and oral information provided by its subsidiaries, board of directors, management, employees or agencies or other written and oral information given to related parties or consultants.

Who is Kontrolmatik?

Our Vision

In the fields of electrification, automation, and digitalization, we shape the future with high technology through our value-added applications

Our Mission

With our innovation-focused culture, we aim to be a global technology company through our innovative products and sustainable solutions

> 40 countries 400 projects

successfully completed. We operate with offices in 11 countries.

> 1.400 people

organization, we provide technological solutions to meet our customers' needs through our organization

\$383m

investment, we develop and manufacture high technology.

22. largest

system integrator worldwide1)

BIST30

We are listed in the most prestigious index, which includes the largest companies on Borsa İstanbul.

1) According to Amerikan CFE grroup

To Be a Part of Kontrolmatik

Reliable

Builds trust, makes success sustainable.

Visionary

We are building tomorrow.

Passionate

Our dedication to our work drives us forward.

Decisive

A strong stance against challenges is our guide on the path to success.

✓ Kontrolmatik's core business area continues to grow, driven by its strong positioning and positive developments in the market: → In 2024, it maintained a strong sales performance, showing growth above expectations; it closed with a revenue of USD 281m, growing 10 times over the last four years.

→ It has been ranked as the 22nd largest system integrator worldwide by CFE Media and Technology.

→ We have signed new contracts while maintaining our strong position in Turkey, the Middle East, Central Asia, and Africa. Recently, the total value of contracts signed in Iraq alone reached USD 125m. A strong project pipeline has been created in Europe, the USA, and South America, which are seen as new growth areas. In 2024, two contracts signed in Germany, worth EUR 19m, contributing to the country's green transformation and carbon reduction goals.

✓ A company that develops and manufactures technology has achieved its goal with high-tech investments totaling USD383m:

→ A total of 383 M USD has been invested in group companies in the last four years , with 6 factory investments being made within this scope. Additionally, the patenting process for 66 technological inventions, 6 of which are already registered, is ongoing.

→ During the growth phase of the investments, our subsidiaries began contributing to financial results in 2024. Pomega, which produces cell and battery technology, has started establishing its references in both Turkey and Europe with two recently signed projects totaling USD 27m. McFly, which produces collaborative robotic arm technology, has signed a sales contract worth USD 1.9m, despite being in the investment process.

✓ However, investments and high financing costs also bring certain challenges:

→ Due to the appreciating Turkish lira, costs have increased significantly. Additionally, investments in markets where growth is expected and the ramp-up process have contributed to higher costs. As a result of inflation accounting, there has been a contraction in our gross profit margin.

✓ Kontrolmatik is confidently progressing towards its goal of reaching billion-dollar sales revenue through high-tech investments and organic growth:

→ The company is transforming from an engineering-focused EPC business into a capital and know-how intensive industrial technology company.

→ Projects worth USD 500m are actively being pursued in markets described as growing, such as Europe, the USA, and South America. Pomega has started trading in new markets like Ukraine and Saudi Arabia; the current size of the submitted offers is around USD 150m.

→ The total value of our current contracts is around USD 450m. For 2025, Kontrolmatik plans to increase its sales revenue to USD 360m, and the total revenue, including subsidiaries, to USD 516m.

Content

10x revenue growth in 4 years and USD 383m investment has been made: Sales revenue reached USD 282m; 6 factories were established, and the patenting process for a total of 66 inventions ongoing, 6 of which are registered.

USD 1 billion sales target for 2028:

Positive developments in the electrification market and the contribution of subsidiaries to sales revenue.

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Initiatives to strengthen equity base:

Optimization of financial debts and deepening of the equity base.

Parallel to the 10x sales growth, an investment of USD 383m has been made

1) The combined investment amount of Kontrolmatik group companies (including PlanS, which is not consolidated in the financials)

kontrolmatik.com

Global Megatrends are shaping the business opportunities of the future…

By 2050, energy consumption will double¹)Energy storage systems are not a preference, but a necessity.

WATER SCARCITY

Water distribution losses in large cities are between 20% and 50%. ²)

An AI search consumes about 10 times more energy than a Google search.

Trade wars bring new opportunities. By 2030, an economy worth 1 trillion USD will emerge. By 2040, there will be over 1 billion humanoid robots in operation. ³)

ROBOTIC REVOLUTION GLOBALIZATION / LOCALIZATION NEW SPACE

kontrolmatik.com

…our portfolio is turning the opportunities created by megatrends into commercial outcomes.

Energy Transition Water Scarcity Artificial Intelligence Robotic Revolution Globalization/ Localization New Space ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

11 pomega.com

Pomega Energy Storage Technologies: Developed Technologies/Certifications/Patents

Developed Technologies; R&D, Product Development Activities

• Cell Technology:
• 304 Ah LFP (Lithium Iron Phosphate) cell production.
• Next-generation cells offering high energy density and long cycle life.
• Optimized for large-scale energy storage (Utility-Scale ESS) and industrial solutions.
• Energy Management Systems (EMS) & Battery Management Systems (BMS)
• EMS (Energy Management System) optimizes energy in grid-tied and off-grid systems.
• Integration with SCADA, MODBUS, and CANBUS protocols.
• AI-powered energy analysis and optimization algorithms.
• Real-time control with remote monitoring and management features.
• Advanced thermal management and cell-level balancing (active/passive balancing).
• Smart protection systems ensuring the use of highly secure and long-lasting batteries.

Certifications, Patents, and Compliance

• All products are being fully compliant with European standards (IEC, UN).

Pomega Energy Storage Technologies: Grid-scale Storage Solution

LFB (LiFePO4 LFPLFB Battery Pack

The 304 Ah 3.2 V battery cell produced at Pomega's Polatlı/Ankara factory.

BMS Card

LFP Storage Cluster

Progresiva: A sample facility with a capacity of 1,000 MWhs

High Voltage Liquid-Cooled Battery Containers

Fire Detection & Suppression

13 pomega.com

Mcfly Robot Technologies: Our Market and Focus:

Business Environment Focus

Market Developments:

• In 2024, 70,000 COBOTs were sold worlwide, and the market is expected to grow by 35% in 2025, reaching USD2.8 billion1)
• In Türkiye, 1,500 COBOTs were sold, and the market is projected to reach USD45m by 20252)
• While COBOTs are becoming more common in the automotive, electronics, and pharmaceutical industries, their use is also increasing in material handling, quality control, and machine maintenance3)

Competition:

• As Türkiye's first domestic COBOT manufacturer, it aims to gain a competitive advantage independent of imported solutions.
• By producing critical components such as robot joints, reducers, motors, and control panels in-house, both cost advantages and top-level quality are ensured.
• Our COBOTs work smarter and more efficiently with AI and machine learning-powered software, offering high production quality in the industry.
• With the cost advantage provided by domestic production, we offer more affordable solutions compared to our competitors.

Our achievements in 2024:

• The first domestic COBOT has entered serial production and has started being tested in pilot applications across various industries.
• It has moved to a new 5,000 m² production facility in the Polatlı Organized Industrial Zone.
• 10 different PoC (Proof of Concept) projects have been launched in the automotive, electronics, food, and healthcare sectors. The efficiency of our COBOTs has been tested under real-world conditions.
• The first commercial sales and integration contracts have been signed with leading manufacturing companies in Türkiye.

Plans for 2025:

• By the end of 2025, the factory under construction is expected to reach an annual production capacity of 1500 COBOTs.
• Strategic partnerships and the establishment of new distributor networks will be developed in the European, Middle Eastern, and Central Asian markets.
• Development of AI-powered robot control systems and automation software.
• Expansion of the application areas of MCFLY COBOTs, with a particular focus on increasing their presence in the automotive, electronics, food, healthcare, and logistics sectors.

Financial Performance

6 2 Patent under preliminary evaluation Patent Pending

Actuators for the Collaborative Robotic Arm

Grippers used for different purposes in the Collaborative Robotic Arm

Orion Series - Collaborative Robotic Arm

PlanS Satellite and Space Technologies: Our Market and Focus

Business Environment Focus

Market Developments:

• Demand for satellite-based IoT solutions is rapidly increasing. The use of satellite connectivity is becoming more widespread in areas where terrestrial networks cannot reach.
• Collaborations between satellite operators and mobile network providers are strengthening.
• As the IoT market expands rapidly, significant opportunities are emerging, especially for wide-area communication. With an annual compound growth rate of 12%, the IoT market is expected to reach 7 billion devices for wide-area communication by 2032.
• By 2024, the addressable market has reached USD79 billion.
• The importance of artificial intelligence (AI) applications in space-based communication and satellite imaging is increasing. These developments are enhancing the value of platforms offering end-to-end solutions.

Competition:

• LoRaWAN and 3GPP compliant communication systems provide low-cost and wide coverage connectivity solutions.
• The low-cost team satellite network offers connectivity capacity for millions of devices.
• Connecta IoT has started its standard services with global coverage, offering long-term operational advantages by providing up to 10 years of battery life.
• With end-to-end production capability, it integrates ground stations, satellites, user devices, and software solutions to provide comprehensive services.

16 plan.space

• Our achievements in 2024: • The number of active satellites has reached 13.The IoT team satellite system has been commercially launched.
• September 2024: PLAN-S moved to its new 4,500 m² facility located in Hacettepe Technopolis.
• A total of 24 IoT PoC (Pilot Project) studies have been initiated in the telecommunications, electricity distribution, space, and agriculture sectors.
• The Investment Incentive Certificate (IIC) for communication services has been approved.
• Initial contract negotiations for IoT and communication services have begun.

Plans for 2025:

• LoRaWAN and 3GPP compliant communication systems offer lowcost, wide coverage connectivity solutions.
• The low-cost team satellite network provides connectivity capacity for millions of devices.
• Connecta IoT has started its standard services with global coverage, offering long-term operational advantages with up to 10 years of battery life.
• With end-to-end production capability, it integrates ground stations, satellites, user devices, and software solutions to provide comprehensive services.

KONTR Ownership: %25

Satellite and Space Technologies: Developed Technologies/Certifications/Patents

3 27/17 Granted Patent 21 Patent under

Patent Pending Türkiye/Inter national

preliminary evaluation

90% of the satellites and subsystems have been designed, manufactured, and qualified by PLAN-S.

Technology Focus:

Sensors for satellite orientation, antennas for use in satellites and ground stations, satellite communication methods, deployable systems mounted on satellites, satellite cameras, imaging systems, image processing methods, and systems and methods for IoT communication.

Connecta IoT Satellite Observa Satellite

(EPS) & Battery Pack

Emek Electric: Our Market and Focus

KONTR Ownership: %19

Business Environment Focus Financial Performance

Market Developments:

• America: Discussions have been initiated for two different framework agreements.
• Europe: Homologation processes started in 2024 are ongoing.
• Middle East: Based on 2024 data, the market in the region is expected to grow in 2025.

Competition:

• China and India: The low-cost production advantage is increasing competition in the global market.
• Global Market: The rise in the number of players is leading to increased competition.

Our achievements in 2024:

• Production: The production of the 420 kV disconnect switch has been successfully completed.
• Export: The export order rate has increased to over 60%.
• Corporate Development: Brand identity has been strengthened.
• Market Share: Our market share in the Middle East has been increased.

Plans for 2025:

• Global Strengthening: Increase our presence in America and Europe.
• Product Expansion: Increase diversity in disconnect switch production.

Progresiva: It holds a 250 MW wind and 1,000 MWh energy storage license.

KONTR Ownership: %95

Progresiva, will create additional volume to the core business.

Progresiva is setting a new benchmark in Türkiye's energy sector by establishing the largest grid-scale energy storage facility. The project involves industry leaders: Harbin Electric Int. (through Sinosure) as the main contractor and financier, Pomega as the battery supplier, and Kontrolmatik as the electrical subcontractor.

Our achievements in 2024:

• Harbin Electric has signed the EPC+F contract (February 2024).
• Bird observation studies have been completed (June 2024).
• Technical interaction approval has been obtained from the Ministry of Energy (August 2024).
• The Environmental Impact Assessment (EIA) report for the Wind Power Plant and Energy Storage Facility projects has been reviewed by the Ministry of Environment, Urbanization, and Climate Change's Evaluation and Assessment Commission. 'Positive EIA' decision has been made (December 2024).

Plans for 2025:

• Phase II Contract Signing, License Application, and Construction Start

USD 1 billion sales target for 2028: Positive developments in the electrification market and the contribution of subsidiaries to sales revenue.

• Initiatives to strengthen equity base:
• Optimization of financial debts and deepening of the equity base.

Content

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Electrification investments are accelerating worldwide, creating new business opportunities

Investments in electrical grids and energy production are increasing worldwide. Our focused efforts continue in markets that align with our market potential, competencies, and profitability expectations:

• Europe: It is estimated that grid investments will reach EUR 500 billion by 2030. → KONTR: Two contracts worth EUR 19m were signed in Germany in 2024.
• USA and South America: Investments in energy transformation are expected to reach USD 500-600 billion annually by 2030.
• → KONTR: A total of USD 500m worth of projects across all subsidiaries in the Americas are actively being tracked.
• Saudi Arabia: Vision 2030, Saudi Green Initiative (SGI), Neom city.
• → KONTR: A project worth USD 6.3m has been successfully delivered to the end client. New projects are being tracked.
• Reconstruction of Ukraine and Syria: The required investment size for rebuilding the electrical grid is expected to be between USD30-45 billion by 2030.

→ KONTR: Pomega has started trading in these regions; the total value of the offers made by the group companies is approximately USD 150m.

Kontrolmatik Solo: Revenue visibility

2025 Sales Expectation: USD 450 - 550m therein 150m USD contribution from subsidiaries

24 kontrolmatik.com

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Content

10x revenue growth in 4 years and USD 383m investment has been made: Sales revenue reached USD 282m; 6 factories were established, and the patenting process for a total of 66 inventions ongoing, 6 of which are registered.

USD 1 billion sales target for 2028:

Positive developments in the electrification market and the contribution of subsidiaries to sales revenue.

3

2

Initiatives to strengthen equity base:

Optimization of financial debts and deepening of the equity base.

Debt Profile & FX Position

Debt Profile as of 31.12.2024 (USD m)

Loan Principal Repayment Schedule, USD m

Our Plan to Strengthen Equity to Support Our Growing Business

Optimization of Financial Debt

Our company is evaluating international financing alternatives to convert high-cost short-term TL debt into medium- to long-term, foreign currency-based borrowing instruments, with the goal of strengthening its capital structure and increasing financial flexibility. This process will improve the interest margin, reduce the cost of capital, enhance the balance sheet's resilience, and optimize liquidity management.

Our company aims to expand its equity base and optimize the debt/equity balance by utilizing capital-increasing mechanisms such as strategic partnerships, new investor entries into its subsidiaries, and affiliates.

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Our Sustainable Footprint

BIST Sustainability Index Score: 72/100

Focusing on our sustainability efforts Kontrolmatik continued to be on the BIST Sustainability Index. After the evaluation of REFINITIV, our 'BIST Sustainability Index' has been evaluated as 72/100.

Corporate Carbon Footprint Calculated

Our first Carbon Footprint has been calculated which is an indicating that we are actively tracking and transparently reporting our emissions data.

Digitilization of Sustainability Management System

In order to be aligned with 'TSRS Reporting Standards' we have started an effort to digitalize our sustainability processes.

WHO CONTROL TECHNOLOGY CONTROL THE FUTURE.

kontolmatik.com