TÜRKİYE SINAİ KALKINMA BANKASI A.Ş.

Quarterly Report • Apr 29, 2025

The Industrial Development Bank of Türkiye

Earnings Presentation

1Q-25 Bank-only Results

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

Investment Banking

Advisory Services

>> 1Q25 Summary: TSKB continued to show a differentiating performance

Eye-catching FX-adjusted Loan Growth of 5.4%

No NPL inflow & significant improvement in the NPL ratio to 1.7%, further supportive coverage ratios (Stage 2+3 ratio 8.1%)

New Partnerships to support strong liquidity and diversify funding base: EUR 50 Mn from OPEC

Strong NIM generation beating our 2025

guidance; driven by long term funding base, FX-denominated balance sheet and proactive A&L manaqement

Continuous and comfortable solvency buffers supporting our growth strategy

Differentiating ROE across the board with sustainable earnings performance. TL 1.65 bn free provision stock and strong coverage ratios will be supportive.

>> 1Q-25 Performance vs YE-25 Guidance

Financial Guidance	1Q-25 Figures	YE25 Guidance	Revisions
(Bank Only)	%	%			SDG targeted Growth
Growth					Strategy
FX Adjusted Loan Growth	5.4	Low Teens	On track	Buoyant Funding
Profitability
Net Interest Margin	5.7	-5	On track	Support Sustainable Growth
Fees & Commissions Growth	-45	~ CPI	On track		Resilient and Solid
Return On Equity*	33.0	~30	On track
Efficiency					Profitability
OPEX Growth	37	> 여기	On track	Superior Risk
Solvency**				Profile and Asset Quality
Capital Adequacy Ratio	203	~24 (0)	On track
Tier Ratio	19.2	22000	On track		Robust & Comfortable
Asset Quality		Solvency
NPL Ratio	1.7	< 245	On track		Buffers
Net Cost of Risk (excluding currency imnact)	-73 bps	<75 bps	<50 bps

* ROE calculation excludes non-recurring items when annualizing net income for the remaining quarters of the year **Excluding BRSA's measures

ന

>< Remarkable Earnings Performance with continuous growth in NII excl. CPI Linker Income

ILmn	1Q-24	4Q-24	1Q-25		YoY	QoQ
Net Interest Income	2,541	3,469	3,151		24%	-9%	NII excluding CPI Linker income
NI exc. CPI Linker Income	1,804	2,103	2,417		34%	15%	was up by 15% gog
Irading Income	459	264	297		-35%	13%
Net Commissions	130	101	71		-45%	-30%
Other Income (Inc. Dividend)	60	444	747		1139%	117%
Banking Income	3,190	4,278	4,267		34%	2%	High base impact in net Robust +60% yoy
OPEX (-)	505	675	689	37%		2%	commissions bottom line surge (flat qoq)
Net Banking Income	2,686	3,602	3,578	33%		2%
Provisions (-)	381	383	165		-57%	-42%
Income From Participations	317	1,017	528	66%		-48%
Tax Provisions (-)	688	1,138	846		23%	-26%	Declining provision costs
Net Profit	1,934	3,099	3,095		60%		leading to negative Net CoR

Based on MIS data

Interest expense of long and short tem swaps, valiens for Eurobonds issued and exchange differences arising from redicounts one adjusted under Wi

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

>> Strong liquidity and ESG aligned funding base, fostered by new partnerships

Funding / Total Liabilities (exc. Equity & Other)

* Guaranteed DFI funding ratio is at 47% percent which is a temporary case and will be at %50 by the end of 2025

Yearly Multilateral Funding Agreements - USD mn

New DFI Loan Agreements 1Q-2025 ✓ OPEC | EUR 50 million

Maturity Profile of External Debt - USD mn

15KE

> Resilient Composition of Our Healthy Growing Assets

TSKE

>> Real Loan Growth of ~5.4% with Sustainable Development Focus

Outstanding Loan Portfolio by sector 1Q-25

* Renewable Energy Loans

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

> Sharp decline in the problematic loans coupled with maintained strong coverages

8

>> Proactive and strategic Asset Liability Management resulting in better than expected yields

TL Securities Portfolio Breakdown*

* Audit report values are taken into account

>> NIM stayed solid despite declining CPI-linker yields

Net Interest Income inc. Swap Cost (TL mio)

• Strong and resilient NII generation, up by 24% yoy
• Front-loaded security investment .
• Solid loan extension .
• NII exc. CPI was up by 8% qoq, and almost flat yoy

• Continued expansion in the core NIM
• ✔ Oct-Oct. CPI assumption is revised to 30.8% from 25.2%

>> Solid solvency metrics supports our growth strategy

Capital Ratios Without BRSA Temporary Measures

Evolution of RWA and Equity - TL bn

CAR Evolution

Reported Figures-CAR: 22.6% | Tier 1: 21.5% | CET-1: 16.2%

11

> Climate Change and Sustainability Highlights

First in Türkiye: Fully Aligned Integrated

Annual Report with TSRS S1 & 52

Globally First: Audited Report in line with IFRS \$1 & \$2

Stakeholder Engagement

• Financial Materiality & Impact Materiality
• · Risks, Opportunities and Impact Analysis
• · Stakeholder Workshop Results

Natural Capital

• · Expanded Climate Scenarios & Quantitative Financial Impacts
• · Scope 1 & 2 emissions including subsidiaries first time
• · NZBA Progress with metrics and targets

Social Capital

• · Reshaped with an Impact Focus
• · Financial targets for social development for the first time
• · Impact measurement study for women's employment projects

Transition Finance

Updated Sustainable Finance Framework

• Integration of Transition Finance
• · In line with ICMA Climate Transition Finance Handbook
• · Awarded Low Carbon Hero at the 10th Istanbul Carbon Summit

TSKB

First Disbursement to a Cement Company

• · Net Zero commitments approved by the Science Based Targets Initiative
• · Investments in Solar Power Plant and Waste Heat Recovery Facility

Stakeholder Engagement

Capacity Building & Experience Sharing

• Ministries and Regulators
• International Initiatives and Clubs
• NGOS
• Universities

>> Balance Sheet

31.03.2024 ILmn				31.1272024		31.03 2025
	TL	FX	TOTAL	TIL	FX	TOTAL	TL	EX	TOTAL
Cash and Banks	10,236	5,554	15,789	1,928	10,553	12,480	4,376	7,229	11,604
Securities	16,208	17,707	33,915	22,207	19,275	41,483	26,718	20,679	47,397
Loans (Gross)	11,051	133,311	144,362	13,888	152,529	166,418	14,052	176,174	190,227
Provisions	- 4,178	- 4,522	- 8,700	- 3,534	- 4,513	- 8,047	- 3,105	- 4,857	- 7,962
Subsidiaries	6,906	813	7,719	9,619	892	10,511	9,991	997	10,988
Other	3,498	2,109	5,607	5,933	2,484	8,417	6,006	1,553	7,559
Total	43,721	154,972	198,693	50,041	181,219	231,260	58,039	201,775	259,813
ST Funds		5,574	5,574		9,040	9,040		13,516	13,516
LT Funds		108,132	108,132		114,224	114,224		128,779	128,779
Securities Issued		36,296	36,296		51,562	51,562		39,906	39,906
Repo & MM	2,433	4,128	6,562	1,980	2,037	4,017	13,152	10,375	23,527
Other	4,213	4,986	9,200	3,667	5,470	9,138	4,562	3,057	7,620
Subordinated Debt		9,686	9,686		10,801	10,801		11,315	11,315
Shareholders' Equity	23,199	44	23,243	32,282	197	32,479	34,918	232	35,150
Total	29,845	168,847	198,693	37,929	193,331	231,260	52,632	207,181	259,813

>> Detailed Income Statement

ILmn	1Q-24	4Q-24	1025	000	YoY
Net Interest Income inc. Swap Cost	2,541	3,469	3,151	-9%	24%
Net Interest Income exc. CP	2,927	2,636	2,857	8%	-2%
CP Linkers	837	1,365	735	-46%	-12%
Swap Costs	-1,223	-533	-440	-17%	-64%
Net Fees & Commissions	130	101	71	-30%	-45%
Other Income	60	444	747	68%	1139%
Dividends	0	0	5	n.m.	n.m.
Other	60	444	742	67%	1131%
Reversals from Free Provisions			400	n.m.	n.m.
Trading & FX gains/losses	459	264	297	13%	-35%
FX gains/losses	394	140	174	25%	-56%
Trading & MtM gain/loss	64	124	123	-1%	-91%
Banking Income	3,190	4,278	4,267	0%	34%
OPEX (-)	505	675	୧୫ର	2%	37%
Net Banking Income	2,686	3,602	3,578	-1%	33%
ECL (-)	381	383	165	-57%	-57%
Income From Subsidiaries	317	1,017	528	-48%	66%
Pre-Tax Income	2,622	4,237	3,940	-7%	50%
Tax (-)	688	1,138	846	-26%	23%
Net Income	1,934	3,099	3,095	-0.1%	60%

"n.m." is used for not meaningful.

>> Appendix: ESG Ratings

SUSTAINALY TICS

Sustainalytics ESG Risk Rating

0-40+

7.4

Range

Score

Negligible risk category

First place in Türkiye

12th place among global development banks

MOODY'S

CDP

CDP Climate Change

Score

A/D-

A-

Leadership

Moody's ESG Credit Impact Score 1-5 2 Neutral-to-low

FitchRatings

Fitch ESG Credit Relevance Score ન ---3

Neutral-to-minimal

Sustainable Fitch ESG Entity Score 1-5 (0-100)

Above global average

Sustainable

3 (62/100)

ESG Score

发生的

85

୮୮୧EC

A+/D-

LSEG RATA & TICS

BIST Sustainability 25 Index BIST Sustainability Index

>> Appendix: Stage 2 Loans Breakdown

Stage 2 Loans
Sector	%	Coverage (%)
Tourism	47	32
Electricity/Gas Distribution	17	50
Electricity Generation	13	38
Non-residential Real Estate	ੇ	30
Metal and Machinery	ర	18
Telecom/Logistics	4	ੇ
Automotive Supply Industry	ﺔ	30
Health	5	42
TOTAL	100	34

• Hard collateral & provisions are taken into consideration

· Renewable and non renewable percentages in electricity generation loans are as 94% and 6% respectively

>> Appendix: IEA Evolution

✔ Interest Earning Assets were up by 15% QoQ and 31% YoY, which was driven by · High FX denomination Growth strategy .

TISKE

>>> Appendix: Net Cost of Risk Calculation

Provisions (TL mn)	1025
Stage 1*	-70
Stage 2**	235
Stage 3	0
Reversals*** (TL mn)	-286
Net CoR	21 bps
Currency Impact	94 bps
Net CoR excl. Currency Impact	-73 bps

*Stage 1 provision costs are adjusted with TL 54.9 mn provisions set aside for securities. **Stage 1&2 provisions are shown netted off by Stage1&2 reversals. ***Reversals depicted in the table are attributable to Stage 3 Loans.

This presentation document is prepared for international purposes only and looking comments, opinions, and forecasts. These reflect the views of Türkiye Snai K.S. ("TSK") as of the date of this presentation and contain certain assumptions. Although the information and data used in this presentation have been obtained to be reliable, TSKB does not quarantee their accuracy, completenss, or truthfulness and does not make in this respect. The realization of the comments, opinions, and estimates in the presentation 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 comments, opinions, and forecasts contained herein should not be interpreted as a recommendation to buy or sell of any and or as a promise of return. TSKB expessly 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 third parties other than those to whom a copy has been delivered by TSKB.

TSKB Financial Institutions & Investor Relations

ir@tskb.com.tr www.tskb.com

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