ÇELEBİ AR19-270720 (1)

21 Çelebi Ground Handling Inc. 2019 Annual Report consists of the donation made under the protocol signed with the T.R. Erzincan Binali Yıldırım University Rectorate for the construction of the annexes and facilities having a floor space of 3,000 square meters and a covered area of 12,000 square meters and to equip the same with necessary tools/equipment (fixtures) before the start of the 2022/2023 academic year. 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 2019 and 31 December 2018 mentioned above. 31 December 2019 31 December 2018 Current Ratio (Current Assets/Current Liability) 0.76 1.18 Cash Ratio (Cash Assets/Current Liabilities) 0.33 0.56 Short-Term Liabilities/Total Liabilities 49.83% 37.83% External Resources/Shareholders’ Equity 287.74% 331.07% 31 December 2019 31 December 2018 Average Collection Time 37.08 39.13 Gross Profit Margin 28.93% 34.26% Operating Profit (Loss)/Net Sales Revenues 15.73% 20.68% Operating Profit (Loss)/Total Assets 13.31% 18.13% EBITDA/Net Sales Revenues 27.82% 30.88% 12. INFORMATION ABOUT PRODUCTION AND SALES OF GOODS AND SERVICES The number of aircraft serviced by our Company in the year ended 31 December 2019 is stated below: Number of Aircraft Serviced 2019 January-December 2018 January-December 2017* January-December 2019-2018 % 2018-2017 % International Flights 60,080 57,831 54,372 1.4 6.4 Domestic Flights 53,573 68,946 77,674 -22.3 -11.2 Turkey Total 113,653 126,777 132,046 -11.5 -4.0 Hungary 28,000 24,684 21,912 13.4 12.7 India 72,772 52,266 40,519 39.2 29.0 Grand Total 214,425 203,727 194,477 4.5 4.8 The weights of cargo handled by the Company in 2019 are stated below: 31 December 2019 31 December 2018 Group (Consolidated) Express Cargo Domestic WT (Import) WT (Export) Express Cargo Domestic WT (Import) WT (Export) Çelebi Ground Handling Inc. 36,064 61,083 33,282 65,515 Celebi Delhi Cargo (India) 24,970 104,667 165,151 162,937 35,810 131,119 176,326 179,754 Celebi GHH (Hungary) 38,162 33,866 41,649 38,214 Celebi Cargo GmbH (Germany) 54,578 86,923 55,263 89,032 Total Ton 24,970 104,667 293,955 344,811 35,810 131,119 306,520 372,514