Board of Directors' Message

TAV Airports carefully explores and monitors new business opportunities and potential airport privatization projects across the globe backed by its 20 years of social and intellectual capital.

TAV'S GROWTH STRATEGY

TAV Airports' growth strategy has three pillars:

Organic
growth

We are on three continents, in seven countries, and at 14 airports. The number of passengers we serve increased 2% and reached 104 million in 2016. Our primary target in the upcoming period will be to maximize our revenue and profitability at all the airports where we operate.

Inorganic
growth

With our strong partners and integrated business model, we plan to focus on new and profitable business opportunities all over the world in the coming period.

Service companies' growth
outside the TAV ecosystem

Over the years, our service companies have significantly contributed to TAV's success and started to provide services at airports not operated by TAV. We believe that the world aviation sector will soon meet with our star companies rising from Turkey in areas such as duty free, food & beverage ground handling and information technologies.

TAV SUSTAINABILITY REPORT

TAV Airports has been listed on the Borsa Istanbul Sustainability Index since 2014.

HIGH CORPORATE GOVERNMENT RATING

Continuously improving its corporate governance rating for eight years, TAV Airports increased its corporate governance rating to 9.54 from 9.52 out of 10. With this result, TAV Airports Holding has maintained its top position in the Borsa Istanbul (BIST) Corporate Governance Index, which includes about 50 companies.

AVIATION INDUSTRY AND TAV

TOTAL NUMBER OF PASSENGERS IN TURKEY (MILLION)

TOTAL NUMBER OF PASSENGERS IN TURKEY

TOTAL NUMBER OF PASSENGERS IN TURKEY (MILLION)

TOTAL NUMBER OF PASSENGERS IN TURKEY

TURKEY TOTAL COMMERCIAL FLIGHTS (THOUSAND)

TURKEY TOTAL COMMERCIAL FLIGHTS

TOTAL NUMBER OF PASSENGERS AT TAV AIRPORTS (MILLION)

TOTAL NUMBER OF PASSENGERS AT TAV AIRPORTS

TAV AIRPORTS TOTAL COMMERCIAL FLIGHTS (THOUSAND)

TAV AIRPORTS TOTAL COMMERCIAL FLIGHTS

ZERO CARBON EMISSION

Thanks to its efforts to eliminate carbon emissions, one of the main causes of climate change, Izmir Adnan Menderes Airport, operated by TAV Airports, has become one of the top 20 eco-friendly airports in Europe. In Turkey, İzmir Adnan Menderes Airport was the second airport zeroing carbon emissions after Ankara Esenboğa Airport. Both airport facilities operated by TAV Airports have received the highest Level 3+ certification in the Airport Carbon Accreditation program administered by the International Airports Council ACI Europe.

TAV WAS NAMED THE BEST COMPANY IN TURKEY IN INVESTOR RELATIONS

In the European Investor Relations Survey, conducted by Extel Surveys for the 43rd time, TAV Airports, Turkey's leading global brand in airport operations, was named the best company in Turkey in the field of investor relations. In addition, the survey results selected TAV Airports Executive Board Chairman Sani Sener as the "Best CEO"; CFO Burcu Geris as the "Second Best CFO"; and Investor Relations Director Nursel Ilgen as the "Best Investor Relations Professional."