CELEBI GROUND HANDLING 2023 ANNUAL REPORT

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023 ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ AND ITS SUBSIDIARIES (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.) 99 Çelebi Ground Handling Inc. 2023 Annual Report The operational segment information provided to the board of directors as of 31 December 2023 is as follows: Operation Groups 1 January - 31 December 2023 Ground Handling Cargo and Warehouse Services Consolidation Adjustments After Consolidation Revenue 7.130.392.196 3.767.236.112 (32.810.901) 10.864.817.407 Cost of sales (4.704.603.842) (2.526.765.227) 33.739.236 (7.197.629.833) Gross profit 2.425.788.354 1.240.470.885 928.335 3.667.187.574 General administrative expenses (803.883.748) (213.869.718) 3.342 .007 (1.014.411.459) Addition: Depreciation and amortization 402.328.256 224.570.143 - 626.898.399 Addition: TFRIC -12 effect shares - 50.001.923 - 50.001.923 Addition: Provision for employment termination benefit and unused vacation 93.890.893 11.924.422 - 105.815.315 EBITDA effect of investments accounted by using equity method (137.653) - - (137.653) EBITDA 2.117.986.102 1.313.097.655 4.270.342 3.435.354.099 Lease expenses under TFRS 16 (258.639.168) (77.171.589) - (335.810.757) EBITDA (Except for TFRS 16) 1.859.346.934 1.235.926.066 4.270.342 3.099.543.342 The operational segment information provided to the board of directors as of 31 December 2022 is as follows: Operation Groups 1 January - 31 December 2022 Ground Handling Cargo and Warehouse Services Consolidation Adjustments After Consolidation Revenue 3.724.412.945 2.342.139.815 5.455.781 6.072.008.541 Cost of sales (2.449.356.971) (1.447.775.338) (5.143.577) (3.902.275.886) Gross profit 1.275.055.974 894.364.477 312.204 2.169.732.655 General administrative expenses (447.746.865) (143.893.226) 1 .001.790 (590.638.301) Addition: Depreciation and amortization 234.006.621 132.275.737 - 366.282.358 Addition: TFRIC -12 effect shares - 19.915.728 - 19.915.728 Addition: Provision for employment termination benefit and unused vacation 35.404.572 8.105.266 - 43.509.838 EBITDA effect of investments accounted by using equity method 2.688.691 - - 2.688.691 EBITDA 1.099.408.993 910.767.982 1.313.994 2.011.490.969 Lease expenses under TFRS 16 (140.535.088) (45.381.181) - (185.916.269) EBITDA (Except for TFRS 16) 958.873.905 865.386.801 1.313.994 1.825.574.700