CELEBİ 2021 ANNUAL REPORT

18 Çelebi Ground Handling Inc. 2022 Annual Report The traffic of Latin American airlines increased by 119.2% in 2022 compared to the full year 2021. The annual capacity has experienced an increase of 93.3%. Additionally, the load factor has increased by 9.7% to 82.2%, which is the highest among all regions. The demand in December experienced a 37.0% increase compared to December 2021. Compared to the previous year, the annual traffic of African airlines has increased by 89.2% in 2022. The capacity for the full year of 2022 witnessed a 51.0% increase, while the load factor rose 14.5 percentage point, resulting in 71.7%, which was the lowest among all regions. In December 2022, African airlines experienced an increase in traffic, with a rise of 118.8% compared to the same period in the previous year. The domestic traffic in India for the full year of 2022 increased by 48.8% as compared to 2021, reaching 85.7% of the level recorded in 2019. In 2022, the domestic traffic in Japan experienced a 75.9% increase, reaching 74.1% of the 2019 level. In Turkey… Domestic line commercial aircraft traffic increased by 6.7% in the January-December 2022 period in Turkey compared to the same period of the previous year, while international commercial aircraft traffic augmented by 53.5% in the same timeframe. When 2022 data are compared to 2019 data, domestic line and international commercial aircraft traffic declined by 18.2% and 3.4% respectively. Based on these results, total commercial aircraft traffic decreased by 10.5%. January-December 2022 Activities and Performance A total of 80,534 flights were serviced by the Company in the Turkish market during January-December 2022 period, corresponding to a 26% year-on-year increase over the 2020 figure of 63,686 flights. Our subsidiary, Çelebi Airport Services India Private Limited (formerly known as Çelebi Ground Handling Delhi Private Limited), which started to provide services at the Indira Gandhi International Airport in Delhi, India from June 2010, served 29,746 flights at the Delhi, Ahmedabad, Kochin, Bangalore and Hyderabad stations in the January-December 2021 period. In the January- December 2022 period, the number of flights served rose to 35,273 registering a 20.1% increase. Our Celebi Delhi Cargo Terminal Management India Pvt. Ltd. subsidiary has been providing cargo warehousing and handling services in 77,000 m 2 of space at Delhi International Indira Gandhi Airport since November 2009. While the company had handled 387,333 tons of cargo in 2021, the same went down by 5.3% to 366,897 tons in the January-December 2022 period. Celebi NAS, another subsidiary that began services at Chhatrapati Shivaji International Airport in Mumbai (Bombay) in July 2009, serviced 14,647 flights during January-December 2021 period. In the January-December 2022 period, 27,416 flights have been served with an increase of 87.2% year-on-year. Çelebi Ground Handling’s first international subsidiary, Celebi Ground Handling Hungary served a total of 29,725 flights in January-December 2022 period, as compared with 17,614 flights serviced in 2021. Celebi Ground Handling Hungary started cargo handling operations in January 2011 in its new warehouse located outside the airport. While the company had provided service for a total of 67,148 tons during 2021, the same registered as 65,868 tons in January-December 2022 period. Celebi Cargo GmbH entered operation in 2011 to offer air cargo storage and handling services in its storage facilities at the International Frankfurt Airport’s “Cargo City Süd”. Having handled 184,893 tons of cargo in 2021, that figure stood at to 171,565 tons in January-December 2021 period with a decline of 7.2% The Group’s consolidated gross profit as of the end of 2022 was up by 160.83% to TL 2,169,732,655 (2021: TL 831,869,475). As of the end of 2022, the Company posted an operating profit of TL 1,575,002,493 (2021: TL 525,755,696). The Group’s profit after tax in the same period was recorded as TL 1,079,953,824. (2021 January-December: TL 533,453,896 TL profit) As of the end of 2022, the total amount set aside for legal and compensation provisions of our Company was TL 10,679,098 (31 December 2021: TL 9,047,150). There was no legal action or demands for compensation against the Company during the period which would significantly affect the Company’s financial status or activities. BOARD OF DIRECTORS 2022 Annual Report