TurkishArab Economic Forum Presentation by TAV Airports Holding

Turkish-Arab Economic Forum Presentation by TAV Airports Holding “A unique PPP example in Infrastructure Projects” Burcu Geriş CFO 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 - Ad. P: A Global Footprint TAV Airports : 12 airports in 6 countries under management representing 72 m pax TAV Airports + Ad. P: A global platform of 37 airports under management representing 200 m Pax 13 Regional airports Mexico North Central (25. 5%)¹ n 13 mn pax n Operator & Strategic partner France n Paris-CDG: 62 mn pax n Paris-Orly: 27 mn pax n Owner and operator Schiphol Group (8%) n 51 mn pax n Industrial cooperation Liège (25. 6%) n 0. 6 mn tons of freight n Strategic partner Macedonia (100%) n Skopje & Ohrid: 0. 9 mn pax n Concession operator Georgia (76%) n Tbilisi & Batumi: 1. 4 mn pax n Concession operator Turkey n Istanbul Ataturk: 45 mn pax n Ankara: 9 mn pax n Izmir: 9 mn pax n Gazipasa n Concession operator Amman – Jordan (9. 5%) n 6 mn pax n Management contract n Strategic partner Cambodian Airports n Phnom Penh & Siam Reap: 4 mn pax n Assistance in management Conakry Airport (29%) n 0. 3 mn pax n Operator TAV Airports Ad. P Algier Airport n 5 mn pax n Operator Tunisia (67%) n Enfidha & Monastir 3. 3 mn pax n Concession operator Jeddah (Hajj Terminal) – Saudi Arabia n 7 mn pax n Management contract Mauritius (10%) n 3 mn pax n Operator n Strategic partner Medinah (Saudi Arabia) (33%) n Concession operator 4

TAV Airports Holding: An Integrated Business Model Airport Companies Atatürk (100%) Service Companies ATÜ (50%) Esenboğa (100%) BTA (67%) Adnan Menderes (100%) Havaş (100%) Gazipaşa (100%) TGS (50%) Tbilisi & Batumi (76%) Havaş Europe (67%) Monastir & Enfidha (67%) O&M (100%) Skopje & Ohrid (100%) IT (99%) Latvia (100%) Security (100%) Medinah (33%) Synergy between TAV Airports and TAV Construction is another key success factor in PPP projects. 5

TAV Construction Projects (end of 2013) TURKEY § § § Istanbul Ataturk International Airport Construction, Extension and Renovation Works Ankara Esenboğa International Airport İzmir Adnan Menderes International Airport Completed Projects Value Alanya Gazipasa Int. Airport Istanbul Ataturk Int. Airport Ext. and Tri-Generation Plant GEORGIA § § Tbilisi International Airport USD 6. 8 Billion § Ongoing Projects Value § § Marina 101 Project USD 8. 8 Billion Batumi International Airport SAUDI ARABIA § UAE § § § § UAE Abu Dhabi Midfield Terminal Building Project § Emirates A 380 Hangars Roof Aircraft Maintenance Hangar Project Medinah PMI Airport Project Tohid Iranian School Al Sharaf Shopping Mall Majestic Tower in Sharjah Sulafa Tower Project Emirates Financial Tower § Abu Dhabi Int. Airport Pile Caps TUNISIA New Enfidha International Airport § § OMAN QATAR § New Doha International Airport Terminal Complex and A, B & C Concourses EGYPT MACEDONIA Skopje Alexander the Great Airport Ohrid St. Paul the Apostle Airport § Cairo International Airport Terminal Building 3 Development of Muscat International Airport Infrastructure Works TURKEY § Izmir Adnan Menderes Domestic Terminal Project § § LIBYA New Tripoli Int. Airport New Sebha Int. Airport

Parties in Contracts - Typical EPC vs. BOT scheme CLIENT (GRANTOR) BOT / CONCESSION AGREEMENT Technical Consultants 3 rd Party Independent QA/QC PROJECT COMPANY LENDERS (Subsidiary of TAV Airports) EPC CONTRACT Architect Author TECHNICAL ADVISOR CONTRACTOR (TAV Construction) LEGAL ADVISORS Subcontractors Suppliers

Synergy with TAV Construction 12 BOT Projects delivered under TAV Airports & TAV Construction harmony Istanbul Ataturk Airport International Terminal and Extension, Turkey Ankara Esenboga International Airport, Turkey Izmir Adnan Menderes International Airport Extension, Turkey Tbilisi International Airport, Georgia Batumi International Airport, Georgia Istanbul Ataturk Airport Domestic Terminal Renovation, Turkey Enfidha Hammamet International Airport Istanbul Ataturk Airport, Extension and Trigeneration, Turkey Alanya Gazipasa Airport, Turkey Skopje Alexander The Great International Airport, Macedonia Ohrid St. Paul The Apostatle International Airport, Macedonia 8

SAMPLE PPP CASES Enfidha Hammamet International Airport Medinah Prince Bin Abdullaziz International Airport

Enfidha Hammamet International Airport

December 2007 Enfidha Hammamet International Airport

February 2008 Enfidha Hammamet International Airport

April 2008 Enfidha Hammamet International Airport

June 2008 Enfidha Hammamet International Airport

August 2008 Enfidha Hammamet International Airport

October 2008 Enfidha Hammamet International Airport

December 2008 Enfidha Hammamet International Airport

February 2009 Enfidha Hammamet International Airport

April 2009 Enfidha Hammamet International Airport

June 2009 Enfidha Hammamet International Airport

August 2009 Enfidha Hammamet International Airport

October 2009 Enfidha Hammamet International Airport 22

Facts and Figures (Enfidha 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 : 7 m Total Project Cost : USD 715 m Total Financing Raised : USD 513 m Enfidha Airport, is financed under a 20 years Project Finance regime. The group of lenders are led by IFC, EIB, Af. DB, Societe Generale, RBS, Standard. Bank and Proparco.

Medinah Prince Muhammad Bin Abdullaziz International Airport 24

First Full Fledge Airport PPP in Kingdom of Saudi Arabia To be Completed in 32 months (February 2015) Expected to cost USD 1. 2 b 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 25

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 26

Thank you

Appendix: Aéroports de Paris Acquired 38% of TAV Airports (2012) Q Aéroports de Paris (ADP) is one of the leading European airport groups ● EUR 2, 502 m revenue and EUR 972 m EBITDA in 2011 ● 88 mm pax in Paris (CDG and ORY) + 40 mm Pax under management in 9 countries ● Over 9, 100 professionals Shareholder Structure (1) 8. 1% (6) 38. 0% (2) 8. 1% (3) 2. 0% (4) 3. 5% (5) 40. 3% 1. 2. Tepe Insaat Sanayi A. Ş. Turkish conglomerate focused on infrastructure and construction Akfen Holding A. Ş. Holding company operating in the infrastructure, construction, seaport, REIT and energy sector 3. 4. 5. 6. Sera Yapi Endustrisi A. Ş. Focussed on construction in Turkey & MENA region Other Non-floating Free Floating Aeroport de Paris* Internationally acclaimed airport operating company with global operations 28 *Through Tank ÖWA alpha Gmb. H