Pragma Corporate Finance P RAGMA Harman Sokak Harmanc Giz Plaza - PowerPoint PPT Presentation

Confidential Pragma Corporate Finance P RAGMA Harman Sokak • Harmancı Giz Plaza Kat: 6 – 10 A No: 11 – 12 • 34410 • Levent • Istanbul • TURKEY Tel: +90.212.324.6060 • Fax: +90.212.324.5959 www.pragma.com.tr

P RAGMA Table of Contents Page Section 1 Pragma Overview 3 Section 2 Recent Transactions Completed by Pragma 11 Section 3 Turkey – Macroeconomic Overview 29 2

Confidential Pragma Overview Section 1 P RAGMA Harman Sokak • Harmancı Giz Plaza Kat: 6 – 10 A No: 11 – 12 • 34410 • Levent • Istanbul • TURKEY Tel: +90.212.324.6060 • Fax: +90.212.324.5959 www.pragma.com.tr

P RAGMA Pragma Pragma is an investment banking firm specialized in mergers & acquisitions and privatizations advising multinational and Turkish clients 70 completed transactions since 2005 with total M&A Transactions n deal size in excess of US$5.0 bn 2008 - 2016 (number of deals) Leading M&A advisor in Turkey with 53 completed n M&A and 4 project finance transactions since January 2008 53 52 Leading M&A advisor with 23 investment bankers n 46 including 9 Managing Directors each with more than 18 years of experience Advised leading Turkish groups such as Akkök, n Borusan, Boyner, Do ğ an, Koç, Ülker and Ya ş ar 35 Advised leading international companies such as n AngloAmerican, Banque Populaire, Bostik, CRH, DP World, Erste, Mars, Mondi, Vienna Insurance Group, SGS and Thyssen Krupp Pragma # 2 # 3 # 4 Completed and on-going transactions with leading n Source: mergermarket regional private equity funds Note: Excludes advisory to sister company clients within the same group * As of June 2016 Section 1: Pragma Overview 4

P RAGMA Transaction record of Pragma Section 1: Pragma Overview 5

P RAGMA Transaction record of Pragma Section 1: Pragma Overview 6

P RAGMA Transaction record of Pragma Section 1: Pragma Overview 7

P RAGMA Selected Multinational Clients of Pragma Leading Czech energy company with revenues Leading Austrian insurance group in Central and of € 7bn Eastern Europe with gross written premiums of € 8.2bn Leading electricity distribution and Leading European chemical product distribution infrastructure services company with US$9bn company with € 1bn revenues revenues and 7 million customers RWE Innogy: RWE’s renewables arm, 2.1 GW European materials services & distribution company operational projects and 20GW project pipeline with € 6bn revenues Germany’s 3rd largest energy company with Leading European financial group with € 13bn book its 6 million customers and more than € 17bn value revenues Leading energy and chemicals company with One of the largest Far Eastern financial services € 131bn revenues company with US$13bn book value Leading European construction materials Worldwide known food comapny with revenues of US producers with revenues of US$16bn $30bn Global mining conglomerate with revenues of Leading packaging company in Central Europe with US$32bn € 2bn sales One of the world’s largest container port Leading integrated packaging and paper company terminal operators with a global capacity of with revenues of € 5.3bn more than 50mn TEU Leading European cable company with revenues of Third largest commercial bank in France with € 1.6 bn total assets of US$300bn Section 1: Pragma Overview 8

P RAGMA Buy – Side Privatization Credentials of Pragma Description Client Date Transaction Leading Turkish energy Akenerji is the winner of Sedas 2008 company tender (Size: US$600 mn) Privatization of Mersin port World’s 3rd largest port operator 2005 (Size: US$750 mn) The 11 th largest steel company Joint advisor in the privatization of 2005 in the world Erdemir (Size: US$2.77 bn) Leading inspection company in Privatization of vehicle inspection 2004 the world services (Size: US$613 mn) Section 1: Pragma Overview 9

P RAGMA Selected Clients Section 1: Pragma Overview 10

Confidential Recent Transactions Completed by Pragma Section 2 P RAGMA Harman Sokak • Harmancı Giz Plaza Kat:10 -10A No:20/21 • 34410 • Levent • Istanbul • TURKEY Tel: +90.212.324.6060 • Fax: +90.212.324.5959

P RAGMA Recent Transactions Based in Istanbul, Bursa Pazarı is principally engaged n Established in 1999, ENVY is a leading Turkish n in the sale of a variety of packaging, foodservice engineering services firm with extensive experience in supplies and disposable gloves to wholesalers, local and international infrastructure projects. The retailers and hospitals throughout Turkey and also Company operates primarily in the energy and exports products to a number of countries overseas. transport sectors and is notably involved in both The shareholders of Bursa Pazarı also have an online nuclear power plant construction projects in Turkey: sales company, Kullanatmarket to cover e-commerce Akkuyu and Sinop. market with disposable party and household products. Based in France, Assystem is an international group n Listed on the London Stock Exchange FTSE100 n specialized in engineering services and is listed on Index, Bunzl is global business outsourcing and Euronext Paris. As a key participant in the industry for distribution company with US$9 billion revenues in 50 years, Assystem employs over 12,000 people 2014. Bunzl’s operations span across 29 countries worldwide and generated revenues of over € 900 and 4 continents. million in 2015. Bunzl expanded its operations into the foodservice n and healthcare sectors in Turkey with this transaction. Established in 2000, Customer Management Center is n Founded in 2007, İ dea Yapı Kimyasalları (“ İ dea”), is a n the largest independent outsourced call center leading cement grinding aids and concrete admixtures services provider in Turkey, constituting circa 9% of producer. the total number of seats in the outsourced call center market in 2014. Fosroc is specialized in cement additives, concrete n admixtures, waterproofing membranes, grouts and Established in 1901 and headquartered in Søborg, n repairs, sealants, coatings and flooring. As a Denmark, ISS A/S is one of the leading facility subsidiary of Dubai based JMH Group, Fosroc has services companies globally, serving more than around $500 mn sales and is active in Europe, Asia, 200,000 customers in 53 countries with its workforce Middle East, India and Far East. of 535,000. Fosroc has expanded its existence in Turkey and n Mid Europa (“MEP”) is a London based private equity n neighbouring countries by acquiring 80% of shares of fund with offices in Budapest, Istanbul and Warsaw. Idea. MEP focuses on the growth markets of Central and Eastern Europe and Turkey with approximately € 4.2 billion of funds raised and managed. Section 2: Recent Transactions Completed by Pragma 12