Board of Directors - A Report For the Turkish Securities Market

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2 Registered in: Trade Registration Number : Head Office Address: Tel. : Fax : Online: MANAGEMENT STRUCTURE BOARD OF MANAGEMENT POSITION Chairman of the Board Sadi Taylan* Deputy Chairman Board Member Independent Board Member Sadi Taylan* General Manager Chairman and Members of the Board have the duties and powers specified in the Turkish Commercial Law and the Company's Articles of Association. The Company's Board of Directors consisting of 4 members are elected at the General Meeting held in June 2012 to serve 3 years. Independent Board Member, Mr.. Nurcan Erdogan has resigned on , no replace independent member is assigned yet. Concerning the company activities in 2013 the Annual General Meeting of the Board of Directors permitted to make transactions according to the Turkish Commercial Code Article 395 and 396 for In this context, no process has been realized. 2

3 SHAREHOLDER STRUCTURE Within our companies registered capital of 100 million TL, a paid-in capital of 26.4 million TL is counted. The distribution of capital among the partners are as follows: CURRENT SITUATION OF THE SHAREHOLDER STRUCTURE Quantity / Nominal Value Partnership Trade Name / Name privileged unprivileged ,66 Sadi Taylan Total ,66 Total % , ,29 72,13% , ,72 7,13% , ,05 0,49% 2,16 2,16 0,00% 2,16 2,16 0,00% , ,60 20,24% , ,00 A group of the Board of Directors, have the priviledge to determine the substance of the framework of Auditors, Management and Supervisory Board Members on the General Assembly on veto rights on the General Assembly. Group B shares are entitled to special rights or privileges. 100% NUMBER OF EMPLOYEES With over 10 thousand employees is the leading company in its sector

4 ACTIVITY FIELDS 4

5 ORGANIZATION STRUCTURE Chairman of the Board General Manager Deputy Chief Executive Financial Affairs Investor Relations Operation Management Alarm Center Educational Institute Procurement Regional Managers Project Managers 5

6 PROVINCES WE OPERATE CURRENTLY WE OPERATE THROUGHOUT TURKEY. DIVIDEND AND BONUS SHARE Our company distributes each year the shareable profit of at least 50%, depending on the decisions at the general assembly to be taken in cash or fully as bonus shares,or partly in cash and partly as stock. In case of extraordinary economic rates, the abovementioned distributable profits may not be distributed. This situation is submitted to the General Assembly, reasons connect with the decision of the Board of Directors and announced to the public. On which date a dividend will be given to shareholders, authority provision will be given to the board by the General Assembly. Since our IPO in The table of stock dividends is as follows; 6

7 The net profit of 2013 included donations is of Distribution Dates Bonus Ratio 9,560, TL by the Capital Market Regulations, and 43,44% according legal records counts 9,629, TL. 28,57% Distributable net profit of 3,900, TL (17.33%) is distributed as 17,33% bonus shares to shareholders. Moreover 3.9 million TL was distributed as cash dividends to shareholders. Annual Bonus Earnings Per Share 0,75 0,63 0,62 0,44 0,39 0, SHARE PERFORMANCE Share Details (AKGUV) (TL) Closing Closing Market Value AKGUV 7

8 Trustfull and Friendly Service 8

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10 AREAS OF OPERATION Court Houses Airports Universities - Hospitals Factories Museums - Shrines Cities and Municipalities Parks and Gardens Cemeteries Offical Institutions Consulates Educational Institutions Shopping Malls Stadiums Conventions - Organizations Stores Foundations Construction Sites 10

11 SECTORAL DISTRIBUTION OF PROJECTS BY BUSINESS VOLUME According to data from the consolidated financial statements AKDENIZ Security sales volume accounted for 70% of public institutions and organizations,and 30% of the private sector PRIVATE 30% PUBLIC 70% institutions. The distribution according to the volume of business in the sectors are as follows; TRANSPORTATION 1% SPORTS AND SPORTS COMPETITIONS 3% UNIVERSITIES 4% TELEKOM 12% BUSINESS CENTERS 21% FOUNDATIONS 0% OPEN AIR 16% 7% AIRPORTS 25% 7% HOSPITALS 1% MARKET HALLS 3% Note: Business Centers (Bank Building Protection, Municipal Building Protection, Power Plants, Construction Areas, Housing Sites, The Central Bank building etc..) 11

12 PARTNERS & JOINT VENTURES PARTNERSHIPS AKDENIZ Technology is a subsidiary of Akdeniz Enterprise Holding and Akdeniz Security is the 51% shareholder. With rapid growth in 2010 primarily in electronic security industry Akdeniz Technology focused on building management systems with its disciplined, honest, principled attitute, welltrained staff and became a leading company with quality service in Turkey. and Erzurum regional offices in many provinces help to spread service all around the country. 12

13 AKDENIZ TECHNOLOGY AREAS OF ACTION 13

14 PROJECTS CONTRACTED IN THE LAST THREE MONTHS State Airports million TL T.C Central Bank TL and Gardens million TL Izmir Provincial Directorate of Social Security 9.3 million TL T.C Ministry of Culture and Tourism 21.3 million TL Estram Rail Systems 15.9 million TL 11.8 million TL Antalya Kepez Municipality 21.1 million TL Municipality 1.4 million TL Cemeteries Management Municipality 94.3 million TL 516.9k TL Management million TL 1.8 million TL 14

15 Trustfull and Friendly Service 15

16 Business Fields & References 16

17 FINANCIALS Passed Independent Audit Passed Independent Audit Trade receivables from related parties Other trade receivables Other receivables from related parties Other non-trade receivables Prepaid Expenses to third parties Prepaid expenses tothird parties Fixed Assets Tangible fixed assets Intangible Assets Prepaid Expenses SUMMARY BALANCE SHEET (TL) ASSETS Current Assets Cash and Cash Equivalents Financial Investments Trade receivables Other receivables Stocks Prepaid Expenses Current tax related assets Other current assets TOTAL ASSETS

18 Passed Independent Audit Passed Independent Audit SHORT-TERM LIABILITIES Short term portion of long term financial liabilities Trade Liabilities from Related Parties Other Trade Liabilities Liabilities to Related Parties Other Liabilities to non-related Parties Total comprehensive income Revaluation and Measurement Gain / Loss Reserves on Retained Earnings Accumulated Earnings/Losses (67.781) SUMMARY BALANCE SHEET (TL) SOURCES TOTAL SHORT-TERM LIABILITIES Trade Liabilities Liabilities for Employee Benefits Other Liabilities Liabilities for Period Income Tax Other Short-Term Liabilities LONG-TERM LIABILITIES Long-Term Financial Liabilities Long-Term Liabilities for Employee Benefits Other Long-Term Liabilities Deferred Tax Liability SHAREHOLDERS EQUITY Company/Partnership Paid-in Share Capital Share Premium Net Profit or Loss for the Period Minority Shareholder TOTAL LIABILITIES AND 18

19 CONSOLIDATED STATEMENT OF INCOME (TL) Passed Independent Passed Independent Audit Audit Sales Revenues Cost of Sales(-) ( ) ( ) ( ) ( ) Selling and Distribution Expenses(-) 0 0 General Administration Expenses(-) ( ) ( ) Other Operating Expense(-) ( ) ( ) OPERATING PROFIT OR LOSS ( ) ( ) ( ) ( ) ( ) Minority Shareholder (58.984) Main Partnership Ratio , ,62858 CONTINUED OPERATIONS Marketing Expenses (-) Research and Development Expenses(-) Other Operating Revenue Financial Revenues Financial Expenses(-) PROFIT/LOSS OF CONTINOUING OPERATIONS BEFORE TAX Periodic Tax Revenues / Expenses Deferred Tax Revenues / Expenses NET PROFIT OR LOSS FOR THE PERIOD (Loss)/Income Per Share 19

20 CONSOLIDATED INCOME STATEMENTS (TL) Net Sales Revenues Gross Profit/Loss Gross Profit Margin (%) Real Operating Profit /Loss Real Operating Profit Margin (%) EBITDA EBITDA Margin (%) Net Profit Net Profit Margin (%) 2014/ / ,4% 10,2% ,1% 5,7% ,4% 4,0% ,0% 4,7% Annual change(%) 47% -8% 32% 60% 26% CONSOLIDATED BALANCE SHEET (TL) 2014/ / % Shareholders Equity % Total Liabilities % Total Assets Annual change(%) 20

21 FINANCIAL RATIO ANALYSIS LIQUIDITY RATIOS CURRENT RATIO Current Assets Short-Term Liabilities 1, , ,49 1, ACID TEST RATIO Total Current Assets-Inventories - Other Current Assets Short-Term Liabilities FINANCIAL RATIOS DEBT RATIO Total Liabilities Equities 1, , K.V.DEBTS TOTAL DEBT RATIO Short-Term Liabilities Total Liabilities 0, , LEVERAGE RATIO Total Liabilities Total Assets 0, , EQUITIES TOTAL ASSETS RATIO Equities Total Assets 0, , PROFITABILITY RATIOS RETURN ON EQUITY Net Profit 0, , Equities TOTAL ASSETS PROFIT Net Profit 0, , Total Assets Profitability Ratios Gross Profit Margin Operating Profit Margin Net Profit Margin ,4% 5,1% 4,0% ,2% 5,7% 4,7% 21

22 Sales Revenues %47 Growth Gross Profit %8 Reduction EBITDA %60 Growth Net Profit %26 Growth

23 Sales Revenue (million TL) %46 309,1 %21 %20 %29 98,2 211,9 %49 175,4 117,7 76, Breakdown of financial liabilities (million TL) 1,22 3,44 2,16 0,80 11,8 9,33 12,29 9,33 6,08 1, Short Term Debts Long Term Debts

24 10,50 1,67 12,32 9,52 1,60 0, ,30 3,46 0, (1,73) Net Debt 0, (0,20) Net Debt / EBITDA TL on an interest rate of 0,00% is covered and paid on