KOC HOLDING AS-UNSPON ADR Business Summary

Koç Holding A.Ş. (KHOLY) operates as Turkey's largest industrial and services conglomerate, employing an investment holding model that generates revenue through dividends, sales, and equity pick-ups from its vast portfolio of subsidiaries. The company’s operations are strategically diversified across five primary segments: Energy (led by refining giant Tüpraş and LPG provider Aygaz), Automotive (including joint ventures Ford Otosan and Tofaş), Consumer Durables (anchored by global appliance leader Arçelik), Finance (centered on Yapı Kredi Bank), and Other (encompassing tourism, food, and IT). As of July 2026, the Group accounts for approximately 7% of Turkey’s GDP and 8% of its total exports. It maintains a dominant market position as the only Turkish company on the Fortune Global 500, competing directly with other major diversified holdings such as Sabancı Holding, Anadolu Grubu, and OYAK, as well as sector-specific rivals like Vestel in consumer electronics. The conglomerate was founded in 1926 by Vehbi Koç and remains under the stewardship of the third and fourth generations of the Koç family, who collectively control approximately 64% of the company. The current leadership team is headed by Chairman Ömer M. Koç, a Columbia University alumnus who has led the board since 2016, and Vice Chairman Ali Y. Koç. Levent Çakıroğlu serves as the Chief Executive Officer, bringing a pedigree of executive leadership from his previous roles as CEO of Arçelik and Migros. The executive suite also includes CFO Polat Şen and CIO Hayriye Karadeniz, who oversees the group's digital transformation initiatives. The Board of Directors is bolstered by notable independent members, including former Norton Rose Fulbright Global Chair Peter Martyr and veteran diplomat Ömer Önhon, ensuring a blend of family legacy and international corporate governance.