CELEBİ 2021 ANNUAL REPORT

21 Çelebi Ground Handling Inc. 2022 Annual Report These consolidated financial statements prepared in accordance with the applied Turkish Financial Reporting Standards, have been prepared in Turkish Liras and under the historical cost conversion except for the financial assets and liabilities presented at fair values, and the valuations related to the differences between the carrying value and fair value of the non-current assets recognized in business combinations. Functional and Reporting Currency: Each line item in the financial statements of the group’s companies is recorded in the currency of the primary economic environment in which the companies operate. The consolidated financial statements are presented in TL, the reporting currency for the Group. The functional currencies of Group companies as of 31 December 2022 are detailed below. Company Currency Çelebi Ground Handling Euro (EUR) CGHH Hungarian Forint (HUF) Celebi Delhi Cargo Indian Rupee (INR) CASI Indian Rupee (INR) Celebi Nas Indian Rupee (INR) Çelebi Kargo Turkish Lira (TL) Celebi Cargo GMBH Euro (EUR) DASPL Indian Rupee (INR) Celebi GH India Private Limited Indian Rupee (INR) KSU Indian Rupee (INR) Celebi Tanzania Tanzanian Shilling (TZS) The Companies Incorporated into Consolidation The Company’s consolidated financial statements for the period ending 31 December 2022 include the results of the Company, Celebi Nas, CGHH, Celebi Delhi Cargo, CASI, Çelebi Cargo, DASPL, Celebi Cargo GmbH, KSU and Celebi Tanzania which are jointly referred to as the “Group”. The consolidated financial statements for the period 1 January - 31 December 2022 has been approved for the issuance by the Board of Directors on 6 March 2023, and signed by Osman Yılmaz, the General Manager, and Deniz Bal, the Director of Financial Affairs, on behalf of Board of Directors. 10. DONATIONS In the year ending 31 December 2022, the Group’s donations and grants to various foundations, associations, chambers, public institutions and organizations amounted to TL 12,818,491. 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 2022 and 31 December 2021 mentioned above. 31 December 2022 31 December 2021 Current Ratio (Current Assets/Current Liability) 1.49 1.14 Cash Ratio (Cash Assets/Current Liabilities) 0.96 0.68 Short-Term Liabilities/Total Liabilities 44.59% 44.52% External Resources/Shareholders’ Equity 147.57% 227.27% 31 December 2022 31 December 2021 Average Collection Time 27.60 38.21 Gross Profit Margin 35.73% 32.49% Operating Profit (Loss)/Net Sales Revenues 25.94% 20.54% Operating Profit (Loss)/Total Assets 19.56% 9.62% EBITDA/Net Sales Revenues 33.13% 31.77%