CELEBI GROUND HANDLING ANNUAL REPORT 2018

21 Çelebi Ground Handling 2018 Annual Report IV - FINANCIAL STANDING 11. KEY FINANCIAL RATIOS The key ratios showing our Company’s financial structure, profitability, and debt-servicing were calculated on the basis of the consolidated financial statements dated 31 December 2018 and 31 December 2017 mentioned above. 31 December 2018 31 December 2017 Current Ratio (Current Assets/Current Liability) 1.18 1.39 Cash Ratio (Cash Assets/Current Liabilities) 0.56 0.62 Short-Term Liabilities/Total Liabilities 37.83% 30.51% External Resources/Shareholders’ Equity 331.07% 395.12% 31 December 2018 31 December 2017 Average Collection Time 39.13 41.2 Gross Profit Margin 34.26% 29.28% Operating Profit (Loss)/Net Sales Revenues 20.68% 16.18% Operating Profit (Loss)/Total Assets 18.13% 17.75% EBITDA/Net Sales Revenues 30.88% 26.12% 12. INFORMATION ABOUT PRODUCTION AND SALES OF GOODS AND SERVICES The number of aircraft serviced by our Company in the year ended 31 December 2018 is stated below: Number of Aircraft Serviced 2018 January-December 2017 January-December 2016* January-December 2018-2017 % 2017-2016 % International Flights 58,628 54,372 64,067 7.8 -15.1 Domestic Flights 68,149 77,674 103,451 -12.3 -24.9 Turkey Total 126,777 132,046 167,518 -4.0 -21.2 Hungary 24,684 21,912 20,370 12.7 7.6 India 52,266 40,519 38,958 29.0 4.0 Grand Total 203,727 194,477 226,846 4.8 -14.3 * The ramp service provided to Pegasus Airlines at Sabiha Gökçen Airport ended on 31 May 2016. The number of Pegasus Airlines flights serviced at Sabiha Gökçen Airport in the period from January through December 2016 was 26,335. Weight of cargo handled by the Company in 2018: 31 December 2018 31 December 2017 Group (Consolidated) Express Cargo Domestic WT (Import) WT (Export) Express Cargo* Domestic WT (Import) WT (Export) Çelebi Ground Handling Inc. - - 33,282,0 65,514,9 - - 38,935 65,628 Celebi Delhi Cargo (India) 35,810 131,119 176,326,1 179,753,8 51,599 105,057 177,668 187,998 Celebi GHH (Hungary) - - 41,649,4 38,213,7 - - 31,521 33,151 Celebi Cargo GmbH (Germany) - - 55,262,7 89,031,9 - - 51,086 80,139 Total Ton 35,810 131,119 306,520 372,514 51,599 105,057 299,210 366,915