Page 20 - 2022 NUROL YES SUSTAINABILITY REPORT

OCCUPATIONAL WORKING OUR PERFORMANCE APPLICABLE
CORPORATE FINANCIAL SUSTAINABILITY ENVIRONMENTAL VALUE CHAIN UNGC CONTENT
PROFILE OUTLOOK GOVERNANCE APPROACH AWARENESS HEALTH AND MANAGEMENT LIFE IN NUROL CONTRIBUTION TO INDICATORS INDEX GRI SECTOR
SAFETY CONSTRUCTION SOCIETY DETAILS STANDARD
FINANCIAL OUTLOOK

FINANCIAL INDICATORS
The data generated from basic financial indicators of Nurol Construction, which continues to maintain its growth and stable financial structure in 2022, are as follows. As of the end
of 2022, its consolidated asset size increased by 42% compared to the previous year, while equities increased by 49%. Shareholder’s equity corresponds to 36% of total assets. Our
revenue has increased by 103% and recorded approximately as TRY 8.365.698. By the end of 2022, the value of completed and on-going projects are USD 30,9 billion.

Financial Indicators
(IFRS - Consolidated) TRY Million
2016 2017 2018 2019 2020 2021 2022 Branches and Partnerships
Nurol L.L.C. Özgün - Nurol Joint Venture
Total Assets 6,002,570 6,496,406 8,518,650 9,130,078 11,016,837 19,441,631 27.521.611 Nurol - Yüksel - YDA - Özka Joint Venture
Nurol Georgia L.L.C.
Total Shareholders’ 1,920,656 2,096,714 2,825,350 2,827,710 3,599,577 6,713,367 9.988.205 Nurol Georgia Branch Nurol-Mesa Joint Venture
Equity Nurol-Gülermak Joint Venture
Nurol Construction Algeria Branch
EBITDA 368,752 550,814 951,525 597,743 152,394 291,517 1.321.559 Nurol-Gülsan Joint Venture
Nurol Construction Romania Branch Gama - Nurol Joint Venture
Sales Revenues 2,304,234 2,421,588 3,744,833 4,201,005 3,167,455 4,111,047 8.365.698 Nurol - Cengiz Joint Venture Nurol - Yüksel - Özka - YDA Joint Venture
Table 1: Financial Indicators

ECONOMIC VALUE: GENERATED AND DISTRIBUTED 27,521,611

19,441,631
i. Direct Economic Impact
(TRY Thousand) TOTAL ASSETS 11,016,837
Net Sales 8,365,698 9,130,078
Dividends from Equity Method Investment Activity 7,155,811 TRY Million 8,518,650
Revenue from Investment Activities 2,089,836 42% 6,496,406
Financial Income 511,693 6,002,570
Revenue 18,123,038
ii. Economic Value Distributed
COGS (Including Operational Costs) 6,659,188 2022 2021 2020 2019 2018 2017 2016
Employee Wages and Benefits 531,085
8,365,698
Expenses for Society Development Activities 50,292
SALES
Financial Expenses 6,403,194
REVENUES 4,111,047
Taxes (Government related) 126,182
3,167,455
Total Expenses 13,769,941
4,201,005
iii. Profit/Loss (Generated Economic Value) 100% TRY Million 3,744,833
Revenue 18,123,038
2,421,588 2,304,234
Total Expenses 13,769,941
Profit/Loss (Generated Economic Value) 4,353,097
2022 2021 2020 2019 2018 2017 2016
Table 2: Economic Value: Generated & Distributed
Notlar: No significant penalty fees have been incurred within the reporting period.
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