Turkish-Arab Economic Forum

Presentation by TAV Airports Holding“A unique PPP example in Infrastructure Projects”

Burcu GerişCFO

TAV Airports Holding

TAV Airports Holding«A unique PPP example in Infrastructure Projects»

April 2013,Burcu GERİŞ, CFO

TAV Group is specialised in only airports.

TAV can offer a wide range of solutions, from planning to construction, from full fledge management to financing of airports under one umbrella.

This alone, globally positions TAV as a unique airport partner.

TAV Airports - AdP: A Global Footprint

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France Paris-CDG: 62mn pax Paris-Orly: 27mn pax Owner and operator

Schiphol Group (8%) 51mn pax Industrial cooperation

Liège (25.6%) 0.6mn tons of freight Strategic partner

Jeddah (Hajj Terminal) – Saudi Arabia 7mn pax Management

contract

Amman – Jordan (9.5%) 6mn pax Management contract Strategic partner

Cambodian Airports Phnom Penh & Siam Reap:

4mn pax Assistance in management

Conakry Airport (29%) 0.3mn pax Operator

Algier Airport 5mn pax Operator

Mauritius (10%) 3mn pax Operator Strategic partner

Tunisia (67%) Enfidha & Monastir

3.3mn pax Concession operator

Turkey Istanbul Ataturk: 45mn pax Ankara: 9mn pax Izmir: 9mn pax Gazipasa Concession operator

Georgia (76%) Tbilisi & Batumi: 1.4mn pax Concession operator

Macedonia (100%) Skopje & Ohrid: 0.9mn pax Concession operator

Medinah (Saudi Arabia) (33%) Concession operator

13 Regional airportsMexico North Central (25.5%)¹ 13mn pax Operator & Strategic partner

TAV Airports

AdP

TAV Airports : 12 airports in 6 countries under management representing 72m paxTAV Airports + AdP: A global platform of 37 airports under management representing 200m Pax

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TAV Airports Holding: An Integrated Business Model

TGS (50%)

Havaş Europe (67%)

Airport Companies

Atatürk (100%)

Esenboğa (100%)

Adnan Menderes (100%)

Gazipaşa (100%)

Tbilisi & Batumi (76%)

Monastir & Enfidha (67%)

Skopje & Ohrid (100%)

Latvia (100%)

Medinah (33%)

Service Companies

ATÜ (50%)

BTA (67%)

Havaş (100%)

O&M (100%)

IT (99%)

Security (100%)Synergy between TAV Airports and TAV Construction is another key success factor in PPP projects.

TAV Construction Projects (end of 2013)

New Doha International Airport Terminal Complex and A, B & C Concourses

QATAR

Skopje Alexander the Great Airport

Ohrid St. Paul the Apostle Airport

MACEDONIA

Cairo International Airport Terminal Building 3

EGYPT

New Tripoli Int. Airport

New Sebha Int. Airport

LIBYA

Tbilisi International Airport

Batumi International Airport

GEORGIA

Istanbul Ataturk International Airport Construction, Extension and Renovation Works

Ankara Esenboğa International Airport

İzmir Adnan Menderes International Airport

Alanya Gazipasa Int. Airport

Istanbul Ataturk Int. Airport Ext. and Tri-Generation Plant

TURKEY

Aircraft Maintenance Hangar Project

Medinah PMI Airport Project

SAUDI ARABIA

Emirates A380 Hangars Roof

Tohid Iranian School

Al Sharaf Shopping Mall

Majestic Tower in Sharjah

Sulafa Tower Project

Emirates Financial Tower

Abu Dhabi Int. Airport Pile Caps

UAE

Development of Muscat International Airport Infrastructure Works

OMAN

Izmir Adnan Menderes Domestic Terminal Project

TURKEY

Abu Dhabi Midfield Terminal Building Project

Marina 101 Project

UAE

New Enfidha International Airport

TUNISIA

Completed Projects Value

USD 6.8 Billion

Ongoing Projects Value

USD 8.8 Billion

CLIENT (GRANTOR)

LENDERS

TECHNICAL ADVISOR

LEGAL ADVISORS

PROJECT COMPANY(Subsidiary of TAV Airports)

CONTRACTOR

(TAV Construction)

Subcontractors Suppliers

Technical Consultants

3rd Party Independent

QA/QC

Architect

Author

BOT / CONCESSION AGREEMENT

EPCCONTRACT

Parties in Contracts - Typical EPC vs. BOT scheme

Synergy with TAV Construction

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12 BOT Projects delivered under TAV Airports & TAV Construction harmony

Enfidha Hammamet International Airport

Medinah Prince Bin Abdullaziz International Airport

SAMPLE PPP CASES

Enfidha HammametInternational Airport

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

CONTRACT PERIOD - MONTHSDecember 2007

Enfidha Hammamet International Airport

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CONTRACT PERIOD - MONTHSFebruary 2008

Enfidha Hammamet International Airport

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CONTRACT PERIOD - MONTHSApril 2008

Enfidha Hammamet International Airport

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

CONTRACT PERIOD - MONTHSJune 2008

Enfidha Hammamet International Airport

August 2008 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

CONTRACT PERIOD - MONTHSAugust 2008

Enfidha Hammamet International Airport

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

CONTRACT PERIOD - MONTHSOctober 2008

Enfidha Hammamet International Airport

December 2008 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

CONTRACT PERIOD - MONTHSDecember 2008

Enfidha Hammamet International Airport

February 2009 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

CONTRACT PERIOD - MONTHSFebruary 2009

Enfidha Hammamet International Airport

April 2009 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

CONTRACT PERIOD - MONTHSApril 2009

Enfidha Hammamet International Airport

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

CONTRACT PERIOD - MONTHSJune 2009

Enfidha Hammamet International Airport

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

CONTRACT PERIOD - MONTHSAugust 2009

Enfidha Hammamet International Airport

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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

CONTRACT PERIOD - MONTHSOctober 2009

Enfidha Hammamet International Airport

Duration of the Construction : 24 Months

Operation Period : 40 years

Terminal Building Area : 90,000 m²

Total Construction Area : 800,000 m²

Apron Area : 129,000 m²

Passenger Boarding Bridges : 18 units

Total Passenger Capacity : 7m

Total Project Cost : USD 715m

Total Financing Raised : USD 513m

Facts and Figures (Enfidha Airport)

Enfidha Airport, is financed under a 20 years Project Finance regime. The group of lenders are led by IFC, EIB, AfDB, Societe Generale, RBS, StandardBank and Proparco.

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Medinah Prince Muhammad Bin Abdullaziz International Airport

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First Full Fledge Airport PPP in Kingdom of Saudi Arabia

To be Completed in 32 months (February 2015)

Expected to cost USD 1.2b

State-of-the-art 138,000 sqm passenger terminal building

Construction of various ancilliary buildings

Extension of runway and construction of a number of new taxiways

18 Passenger Boarding Bridges and 20 new remote stands,

Upgrade of airport lighting and fueling system

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Total Financing Raised: USD 1.1 b (Lenders: NCB, ANB, SABB-HSBC)

First large project finance transaction in KSA which is wholly financed on a Shariah compliant basis

First infrastructure project in KSA with traffic risk element

Thank you

3. Sera Yapi Endustrisi A.Ş.Focussed on construction in Turkey & MENA region

4. Other Non-floating5. Free Floating6. Aeroport de Paris*

Internationally acclaimed airport operating company with global operations

1. Tepe Insaat Sanayi A.Ş.Turkish conglomerate focused on infrastructure and construction

2. Akfen Holding A.Ş.Holding company operating in the infrastructure, construction, seaport, REIT and energy sector

Shareholder Structure

(1) 8.1% (2)

8.1%

(3)2.0%

(4)3.5%

(5) 40.3%

(6) 38.0%

*Through Tank ÖWA alpha GmbH

Aéroports de Paris (ADP) is one of the leading European airport groups● EUR 2,502m revenue and EUR 972m EBITDA in 2011● 88mm pax in Paris (CDG and ORY) + 40mm Pax

under management in 9 countries● Over 9,100 professionals

Appendix: Aéroports de Paris Acquired 38% of TAV Airports (2012)

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