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INVESTOR PRESENTATION 2019 3Q NOTICE This presentation was prepared to inform the investors about uhadarolu Metal Sanayi ve Pazarlama A. . (uhadarolu Metal or Company ) and uhadarolu Alminyum Sanayi ve Ticaret A. .

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INVESTOR PRESENTATION 2019 3Q

SLIDE 2

NOTICE

This presentation was prepared to inform the investors about Çuhadaroğlu Metal Sanayi ve Pazarlama A.Ş. (“Çuhadaroğlu Metal” or “Company”) and Çuhadaroğlu Alüminyum Sanayi ve Ticaret A.Ş. (“Çuhadaroğlu Alüminyum” or “Subsidiary”) activities. The information presented here may differ. Company does not guarentee accuracy and integrity of the information which was collected from the sources beleived to be reliable. Besides, this presentation contains declarations about future. These declarations are based on Company’s current expectations and assumptions. These expectations and assumptions may differ in parallel to new conditions likely to take place at the future. Company refuses responsibility in case the declarations differ due to possible changes about future. Company does not take responsibility for updating these declarations in the future with the except of statutory obligations. This presentation does not contain investment offer or recommendation. Due to fact that the information in this presentation will always subject to change, Company, shareholders and employees cannot been regarded as responsible from any loss arising from using this presentation or content of it. The financials in this presentation is consolidated data of Company and Subsidiary (“Group”) unless

therwise indicated.

SLIDE 3

AGENDA

ÇUHADAROĞLU AT A GLANCE…………….3 SECTOR INFORMATION……………………….7 COMPANY INFORMATION…………………14 ACTIVITIES………………………………………..27 FINANCIALS………………………………………34 MISSION & VISION & VALUES…….…....38

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ÇUHADAROĞLU AT A GLANCE

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MILESTONES

Çuhadaroğlu Group’s business operations began back in Ahmet Çuhadaroğlu’s architecture office at the Taksim Tunnel in 1954 . Founder Ahmet Çuhadaroğlu did iron joinery business in the early years. In the upcoming years, aluminium joinery business took over of iron joinery. Business mainly has been continued with productions of aluminium goods which used architectural practices since 1965. Çuhadaroğlu Metal Sanayi ve Ticaret A.Ş., the production company, was founded for producing and processing aluminium extrusion goods and Çuhadaroğlu Alüminyum Sanayi ve Ticaret A.Ş., the contracting company, was founded for producing facade systems and doing undertaking business in 1978. Çuhadaroğlu Kimya Sanayi ve Ticaret A.Ş. was founded for producing silicones, stuffings, adhesives and isolation chemicals in 1981 (Çuhadaroğlu Kimya which was owner of “Çekomastik” brand was sold to the French Total-Bostik Company in 2005). Çuhadaroğlu Holding A.Ş. was founded for gathering under a single roof of aluminium industry – undertaking, construction, real estate, fuel and insurance companies which were belong to Çuhadaroğlu Family in 1996. M&N Aluminium France S.A.S, founded in France in 2002, accomplished significant contract works/projects in Europe by using Çuhadaroğlu products. Çuhadaroğlu Yapı Taahhüt Sanayi ve Ticaret A.Ş., the construction company, founded in 2006, accomplished “Yakut Evler” project composed of 76 flat in Istanbul, Beylikdüzü in 2010. Çuhadaroğlu Holding A.Ş. ve Çuhadaroğlu Metal was merged under the Çuhadaroğlu roof in 2012. Çuhadaroğlu Metal acquired the 66,54% of Çuhadaroğlu Alüminyum’s shares in this way. Çuhadaroğlu Metal was offered to public in 18.02.2016. Company shares began to be traded in Borsa Istanbul (BIST). Çuhadaroğlu Metal became an R&D Centre by the approval of Ministry of Science, Industry and Technology in 04.05.2017. Çuhadaroğlu Metal has started to export its products to USA and Australia since 2018.

SLIDE 6

Çuhadaroğlu Family: 74,04% Other (Traded at BIST): 25,96% Çuhadaroğlu Metal: 66,54% Çuhadaroğlu Family: 33,46%

GROUP COMPANIES

Çuhadaroğlu Family: 100%

SLIDE 7

GROUP COMPANIES

Contract works and projects of building elements made from aluminium, steel and other metals, aluminium joineries, cladding facade, roof and ceiling, shutters and sunshields, partitions and panels, prefabricated elements, standart doors and windows, aluminum portholes and their accessories, steel constructions and other similar building elements Participating all kind of public or private construction tenders and at home and abroad and doing all kind of building contract works, acquiring lands and parcels on its

wn behalf and

constructing buildings on them or on third persons’ lands and parcels with flat for land method, buying, selling and renting all kind

f real estate

Producing; aluminium facade, door-window, architectural practise system profiles, all kind of raw an surface-treated aluminium profiles, facade systems, OEM industrial profiles, automatic doors, glass door accessories, door closer mechanisms, aluminium accessories, composite facade, cladding systems, fire and bullet resistant joinery systems, bomb resistant facade, office partition systems

SLIDE 8

SECTOR INFORMATION

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Light and Durable Easy and Cheap Recycling Corrosion Resistant Easily Processable High Conductivity Low density, high strenght 75% of produced aluminium by this time is still in use Having oxite layer Easy and wide production range High conductivity for not only electricity but also heat Metal commonly used after steel Rapidly increasing usage

WHY ALUMINIUM?

SLIDE 10

Bauxite Alumina Primary Aluminium Remelted Aluminium Ingot Bauxite Reserve

29,2 Billion Tons

355 MT 134 MT 143 MT 74 MT Recycling Guinea, Australia, Brasil, Vietnam, Jamaica, Indonesia and China have 80% of bauxite reserve in the Word

Source: www.aluminiumleader.com, International Aluminium Institute

Metal that is abundant and prevail in the World Enough reserve at least for 100 years 2019 World Aluminium Production (Estimated)

GLOBAL ALUMINIUM FLOW

69 MT

+33 MT

= + =

98 MT Semi Fabricated 84 MT Final Product

+ =

Extrusion (Profile) Flat Casting Dross and fabricator Scrap +45 MT

4 MT

Loss 14 MT 19 MT Conductors

SLIDE 11

Kaynak: Metal Bulletin Research; The Global Aluminium Industry Outlook to 2025

USAGE AREAS OF ALUMINIUM

Building Sector

World aluminum consumption has been increasing over the years. It is estimated that consumption amount will be 113,5 MT in 2025 and this raise will mostly arise from transportation and building sector.

Aluminum Consumption Forecast by Sector (Thousand Tons) (2014-2025T) Sector 2014 2015 2020T Change 2015-2020T 2025T Change 2015-2025T Transportation 18.992 20.129 25.793 5,1% 32.508 4,7% Building 15.463 16.445 21.011 5,0% 27.569 5,6% Packaging 10.075 10.620 13.790 5,4% 17.674 5,1% Electric & Electronic 9.667 9.997 11.811 3,4% 13.935 3,4% Industrial 6.037 6.330 7.579 3,7% 9.174 3,9% Resistant Consumption 2.744 2.882 3.361 3,1% 3.890 3,0% Defense & Other 6.872 7.007 7.762 2,1% 8.674 2,2% Total 69.850 73.410 91.107 4,4% 113.424 4,5% Aluminum is an increasing element in demand over the years because it is used in many different areas according to changing and consumer needs. Sectors where demand increases are concentrated; transportation (roll, casting and profile), construction and building (profile) and packaging (roll).

SLIDE 12

Source: www.jmo.org.tr , TALSAD data

ALUMINIUM SECTOR IN TURKEY

Turkish aluminium sector has an important position with over 1.500 firms, more than 30.000 empolyee and 4 Billion USD economic size. Turkey’s 87 MT bauxite reserve is only 0,4% of global bauxite reserve. Total primary aluminium amount that can be produced with this reserve is 25 MT. So domestic reserve is not enough for domestic demand. Turkey shows ability primarily

intermediate products like extrusion, flat-foil, casting and conductors. Aluminium consumption per capita that is 30 kilos in Europe is 15 kilos in Turkey. So it is expected that demand will increase at the future. There are not so many integrated manufacturing plants in the sector. Firms are mostly operating only one process of casting, extrusion or surface treatment lines.

SLIDE 13

ALUMINIUM BUILDING MATERIALS SECTOR IN TURKEY

The profiles produced by extrusion method are not only used in many of architectural practices like internal or external doors/windows, facade systems, heating and cooling systems but also used industrial in bodies and various parts of transport vehicles and machine & equipment used in many of sectors. Aluminium is commonly used at building sector in Turkey. Profile, pipe and bars used at the building sector constitute the extrusion group.

SLIDE 14

Source: www.immib.org.tr

GLOBAL ALUMINIUM BUILDING MATERIALS TRADE

China is the leader at global aluminum building materials export in the world. Germany and USA follow the China respectively. Turkey is ranked as the 9th between the aluminium exporters. The countries which Turkey export more are Germany, Iraq, Turkmenistan, Azerbaijan and Iran respectively. Germany is the leader in terms of global aluminum building materials imports. USA and France follow Germany respectively. Turkey is ranked 43th between aluminium importers.

Group Based Aluminum Export by Turkey (USD Million) Group 2018/09 2019/09 Change

Aluminum Bars, Rods & Profiles

603,3 654,7 8,5%

Aluminum Sheet

469,5 488,9 4,1%

Aluminium Foil 299,2 303,3 1,4% Aluminum Other 206,9 167,0 (19,3)% Aluminum Building Materials 174,9 226,1 29,2% Aluminum Kitchen Utensils 128,8 133,2 3,4% Aluminum Ingot 99,2 174,2 75,6% Aluminum Cans 75,1 73,6 (2,0)% Aluminum Casting 52,1 39,0 (25,2)% Aluminum Scrap 33,0 23,6 (28,4)% Aluminum Knitted Wire Rope 31,9 20,7 (35,1)% Aluminium Pipe 12,2 10,1 (17,0)% Total 2.186,2 2.314,4 5,9% Turkey Aluminium Bars, Rods & Profiles Export Year Export (Million USD) 2016/09 433,9 2017/09 487,2 2018/09 603,3 2019/09 654,7 Turkey's aluminium products export as of 30.09.2018 was 2.186,2 Million USD; and with an increase of 5,9%, as of 30.09.2019 this figure reached 2.314,4 Million USD. The aluminum bars, rods of profile products export, increased of 8,5% as of 30.09.2019 compared to the prior year’s same period and reached 654,7 Million USD. In the first nine months of 2019, aluminum bullion products, which showed the highest increase in exports, increased by 75,6% compared to the same period of the previous year and reached to 174,2 Million USD.

SLIDE 15

ACTIVITIES

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PRODUCTION

Çuhadaroğlu Metal reached 32.000 Tons billet, 20.000 Tons Extrusion production capacity with the investments made recent years.

Billet production has been 9,52 K Tons with the 40,2% increase as of 30.09.2019 compared to the last year’s same

period. Billet production capacity* utilization rate is 40%.

Aluminium profile (extrusion) production has been 9,22 K Tons with the 58,2% increase as of 30.09.2019 compared to the last year’s same period. Aluminium profile production capacity* utilization rate is 61%.

*Capacity is calculated 24 hours working principle.

6,77 K Tons of aluminium profile has been sold with the 20% increase as of 30.09.2019 compared to the last year’s same period.

6,79 9,52

2018/09 2019/09

Billet Production (KT)

5,83 9,22

2018/09 2019/09

Profile Production (KT)

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RESEARCH & DEVELOPMENT

Çuhadaroğlu Group gives cares about innovation and creativity, placed R&D operations into the centre of its strategy. The following studies were carried out as of 30.09.2019 in the R&D activities, which are mainly in the construction sector, on exterior cladding and aluminum joinery systems.

Economical thermal insulated sliding system designs, productions and tests are completed. (S 36 T System) Economical thermal insulated Lift system designs, production and tests have been successfully completed at 600 Pa. (S 36 KS System) Lift and Slide system with Schema C application (Four wing – kissing vent), has been successfully completed under 1200 Pa high pressure. The patent application of the system has been made and the process is ongoing. Within the scope of Crescent Baku project of Çuhadaroğlu Aluminum Industry, static calculations of 5 different facade systems were made. S50 system expansion studies and application additions were made. The DS92YD fire resistant system testings have been successfully completed the EI 90 specification with endless horizontal application.

As the official ARGE center approved by the Ministry of Science, Industry and Technology, the execution of new projects is continuing. TUBITAK - TEYDEB project, which has been approved about “Bomb and Live Bomb Resistant Entrance Security Cabin”, RPG7 antitank rocket has been successful. National Secret Patent application has been made. Within the scope of the project, promotion and promotion activities of the Turkish Armed Forces and Security Units were carried out.

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RESEARCH & DEVELOPMENT

Hurricane resistant windows, doors, sliding and storefront systems were designed and test samples were completed. Hospital project tests have been successfully completed in accordance with ASTM standards in accordance with the project specifications. Interax Marketing, Automatic Sliding Door CE certification studies have been done about the requirements and infrastructure. DS 50 KT Bifold folding fenestration system designs, sample production have been completed and accredited laboratory tests have been successfully completed as 600 Pa. New applications in accordance with architectural requirements have been added within the S36KS system. The systems for Australian market have been produced and successfully tested in Kapedam/İstanbul.

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SALES

Çuhadaroğlu Metal, sells the architectural profile, building complementary products, industrial profiles and miscellaneous accessories related them, is trustworthy solving center with sales but also with engineering services presented to the customers. Distribution of sales income:

Çuhadaroğlu Group’s net sales revenue accrued amounting 251,14 Million TL as of 30.09.2019 by increase 32% compared to the prior year’s same period. When examining Group’s net sales according to the business line, Company’s net sales revenue accrued amounting 156,4 Million TL as of 30.09.2019 by increase 35% compared to the prior year’s same period. Subsidiary’s net sales 110,2 Million TL by increase 25% compared to the prior year’s same period.

189,76 251,14 2018/09 2019/09

Net Sales (Million TL)

115,6 156,4 88,4 110,2

14,2
15,5

2018/09 2019/09

Net Sales Distribution (Million TL)

Alüminyum Profile Contracting Consolidation Adjustment

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SALES

Group’s export volume accrued amounting 90,8 Million TL as of 30.09.2019. Group, exports to approximately 30 countries, succeeded to increase it’s export 210% compared to the prior year’s same period.

Domestic; 84,5% Export; 15,5%

Net Sales 2018/09 Distribution (%)

Domestic; 63,8% Export; 36,2%

Net Sales 2019/09 Distribution (%)

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PROFITABILITY

In the nine-month period of 2019, the Group's consolidated profit before interest tax and amortization (EBITDA) increased by 1616% to 20.8 Million TL and net profit for the period increased by 182% to 9.2 Million TL.

Group aims at icreasing the profitability parallel to the sales which have been icreasing by years and make it sustainable.

7,7% 0,6% 8,3% 2017/09 2018/09 2019/09

EBITDA Margin

3,1%

5,9%

3,7% 2017/09 2018/09 2019/09

Net Profit Margin

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FINANCIALS

SLIDE 36

FINANCIALS (B/S – P&L)

Çuhadaroğlu Group getting ahead with sustainable growth objective, continues carrying it’s recent financial success to the future with corporate, transparent, accountable manner of rule.

CONDENSED BALANCE SHEET (TL)

30.09.2019 31.12.2018 % Change

Current Assets 212.575.444 235.736.331 (9,82)% Non – Current Assets 89.830.177 91.278.906 (1,59)% Total Assets 302.405.621 327.015.237 (7,53)% Short – Term Liabilities 136.868.746 169.063.262 (19,04)% Long – Term Liabilities 3.959.340 4.817.240 (17,81)% Equity 161.577.535 153.134.735 5,51%

*Includes Other Operating Income /Expense

35 CONDENSED P&L (TL)

01.01-30.09.2019 01.01-30.09.2018 % Change 01.07-30.09.2019 01.07-30.09.2018 % Change

Revenue 251.143.650 189.763.354 32,35% 88.047.569 75.879.611 16,04% Gross Profit/Loss 40.291.970 24.402.851 65,11% 10.935.412 13.525.164 (19,15)% Operating Profit/Loss 12.250.323 (5.764.283) (312,52)% 2.085.066 (3.873.304) (153,83)% EBITDA* 20.787.842 1.211.370 1616,06% 4.492.099 (1.562.3209) (387,53)% Profit/Loss For The Period 9.226.371 (11.232.323) (182,14)% 1.597.611 (8.836.856) (118,08)% Profit/Loss For The Period (Parent Co. Shares) 10.011.959 (6.543.438) (253,01)% 3.110.624 (6.004.859) (151,80)%

SLIDE 37

FINANCIALS (RATIOS)

PRODUCTIVITY

30.09.2019 30.09.2018

Asset Turnover = Revenue/Total Assets 0,83 0,64

PROFITABILITY

30.09.2019 30.09.2018

Gross Profit Margin = Gross Profit (Loss) / Revenue 0,16 0,13 EBITDA Margin = EBITDA / Revenue 0,08 0,01 Net Profit Margin = Profit For The Period / Revenue 0,04 (0,06) Return On Equity (ROE) = Profit For The Period / Equity 0,06 (0,07) Return Of Assets (ROA) = Profit For The Period / Total Assets 0,03 (0,04)

LEVERAGE & LIQUIDITY

30.09.2019 31.12.2018

Total Liabilities / Equity

0,87 1,14

Financial Debts / Equity 0,02 0,08 Equity / Total Assets 0,53 0,47 Current Ratio = Current Assets / Short – Term Liabilities 1,55 1,39

SLIDE 38

FINANCIALS (EXPLANATION)

In spite of the negative developments in the construction sector in Turkey during 2018, the Group’s sales volume of Industrial Aluminum Profiles, increased as of 30.09.2019 both export and domectis markets. Despite all the negative developments in Turkey, the Group's export ratio in sales compared to the previous year achieved to increase 21%. In the reports announced in the previous periods, the foreign currency advances received by the subsidiary Çuhadaroğlu Alüminyum was booked to the financial statements as other expenses from the main activities due to the increase in foreign exchange rates. These advances valuation booked as a loss in the announced reports but due the invoices issued along with the progress of the projects this situation occurs positive affect to the revenue. The Group aims to increase profitability in following periods by implementing sales increasing and cost reduction policies.

SLIDE 39

MISSION & VISION & VALUES

SLIDE 40

MISSION & VISION & VALUES

Our Mission Being pioneer of aluminium sector by keeping pace with change and technology Our Vision Making continual investments in R&D by appreciating innovations and creativity Respecting to the moral values by being aware of our responsibility towards society, government and environment Identifying the demands and expectations of the customers, directing the opportunities accordingly, becoming a Company that is preferred by our customers and respected by our competitors Our Values Always achieving the firsts, breaking grounds Never compromising quality Customer orientation Adopting a team spirit Continuous development and improvement 39

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ÇUHADAROĞLU INVESTOR RELATIONS

Fatma BİLECEN

CFO fatma_bilecen@cuhadaroglu.com

Burcu Nergiz

Corp. Risk Management and IR Executive

burcu_nergiz@cuhadaroglu.com +90 212 224 2020 www.cuhadaroglu.com yatirimci@cuhadaroglu.com