1. TÜPRAŞ Presentation by ÇALIK ENERJİ AŞ
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation

2. Market Overview in TURKEY
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation

3. Petroleum Products Demand and Supply Forecast for TURKEY-(1/3)
Petroleum Products Demand Forecast for TURKEY
X 1000 TON
Years
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Total Product Demand
31040
32033
32899
33679
34440
35407
36281
37116
37811
38684
39442
40155
40896
41683
42505
43361
Petroleum Products Supply Forecast for TURKEY
X 1000 TON
Years
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Total Product Supply
24099
24105
24112
24101
24095
24097
24096
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation

4. Petroleum Products Demand and Supply Forecast for TURKEY-(2/3)
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation

5. Petroleum Products Demand and Supply Forecast for TURKEY-(3/3)
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation

6. ÇALIK ENERJİ AŞ - TUPRAŞ Presentation
TÜPRAŞ in General – (1/2)
Company Name : TÜPRAŞ Türkiye Petrol Rafinerileri AŞ
Company Headquarter : Körfez / Kocaeli
General Manager : Sn. Hüsamettin Danış
Sector : petroleum refining, import and export of petroleum products,
operating in the field of petrochemicals
Registered Capital : YTL ( appr.400 million USD)
Capital (paid-in) : YTL ( appr. 200 million USD)
Share Holding Structure : 51% Privatization Administration
49% Publicity traded at Stock Exchange
Net Sales (2003, 2004) : 2003 : YTL, : YTL
Profit/Loss (2003, 2004) : 2003 : YTL, : YTL
Number of Employee : 4329
Market Share : 100%
Privatization Methode : Block Sale
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation

7. ÇALIK ENERJİ AŞ - TUPRAŞ Presentation
TÜPRAŞ in General – (2/2)
TÜPRAŞ’s Position :
The company is ideally positioned from the standpoints of infrastructure, location and logistical support for the importation of crude oil, LPG and other products,
“First” among the TURKEY’s 500 biggest industrial companies,
The highest petroleum refining capacity in Balkans and in Eastern Europe
7th Refinery in size among all European refining companies.
Tüpraş has a dominant position in local market
Tüpraş refining margins are significantly higher than the average mediterranian
refineries
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation

8. TÜPRAŞ Assets & Subsidaries
Sector
Revenue (mm$)
Employee Numbers ( )
Assets
Insured Value (mm$)
Refineries
13,649
3,684
İzmit
İzmir
Kırıkkale
Batman
1,629
1,631
753 83
Petrochemical Complex / Körfez 75
645
5 Petrochemical Plants
259
Tanker & Marine Operation Corp./DİTAŞ
121
217
2 Tankers DWT 72
TOTAL
13,845
4,547
4,427
* The Replacement Value of TÜPRAŞ is USD 7 billion while its market value is USD 2.4 billion as of November
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation

9. TÜPRAŞ Refinery Process Units Izmit Refinery (1/5)
Quantity
Capacity
Start-up Date
Crude Distillation Units 3
m3/day
1961,1971,1982
Vacuum Distillation Units
m3/day
FCC Unit 1
2.200 m3/day
1971
Hydrocracker Unit
3.656 m3/day
1997
Reformer Units 2
3.225 m3/day
1971,1982
Izomerization Units
2.628 m3/day
2002
Desulphsizer Units
6.900 m3/day
Sulphur Units
137 ton/day
1971, 1997
Waste Water Treatment
1.550 m3/day
1982
Power Unit
45 MW
Asphalt
1.360 m3/day
Crude Storage Capacity m3
Product Storage Capacity m3
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation

10. TÜPRAŞ Refinery Process Units Izmir Refinery (2/5)
Quantity
Capacity
Start-up Date
Crude Distillation Units 2
m3/day
1972,1987
Vacuum Distillation Units
m3/day
1974,1993
FCC Unit 1
2.200 m3/day
1989
Hydrocracker Unit
2.600 m3/day
1993
Reformer Units
4.668 m3/day
1972,2001
Izomerization Units
1.900 m3/day
2001
Desulphsizer Units 3
2.880 m3/day
1972
Vis breaker Unit
3.100 m3/day
Lube base oil Units
ton/year
1974
Sulphur Units
113 ton/day
1972,1993
Waste Water Treatment
1.350 m3/HR
1975
Power Unit
44 MW
Crude Storage Capacity m3
Product Storage Capacity m3
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation

11. TÜPRAŞ Refinery Process Units Kirikkale Refinery (3/5)
Quantity
Capacity
Start-up Date
Crude Distillation Units 1
m3/day
1986
Vacuum Distillation Units
4.800 m3/day
Reformer Units
3.200 m3/day
1987
Izomerization Units
1.440 m3/day
1998
Desulphsizer Units 2
2.700 m3/day
1987,1988
Hydrocracker Unit
2.300 m3/day
1993
Sulphur Units
83 ton/day
1987,1993
Waste Water Treatment Unit
600 m3/HR
Power Generation Unit
24 MW
Crude Storage Capacity m3
Product Storage Capacity m3
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation

12. TÜPRAŞ Refinery Process Units Batman Refinery (4/5)
Quantity
Capacity
Start-up Date
Crude Distillation Units 2
3.500 m3/day
1955,1972
Vacuum Distillation Units 1
340 m3/day
1955
Reformer Units
215 m3/day
Power Generation Unit
19 MW
1998
Waste Water Treatment Unit
290 m3/HR
2001
Crude Storage Capacity m3
Product Storage Capacity m3
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation

13. TÜPRAŞ Refinery Process Units Korfez Petrochemical Complex (5/5)
Quantity
Capacity
Start-up Date
Carbon Black Unit 1
Ton/year
1974
SBR Rubber Unit
Ton/year
1975
CBR Rubber Unit
Ton/year
C4-Extraction Unit
PS Unit
Ton/year
Waste Water Treatment Unit
750 m3/HR
1973
Power Generation Unit
25 MW
1998
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation

14. Immovable Properties (Land) Belongs to TÜPRAŞ
Site Land (m2)
Izmit Refinery Area
Izmir Refinery Area
Kırıkkale Refinery Area
Batman Refinery Area
Körfez Petrochemical Complex
Malatya Depot Area
Dortyol Land
TOTAL
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation

15. TÜPRAŞ Production (1.000 ton)
PRODUCTS % Change
LPG 685,9 719, ,9
Naphta , , ,6
Gasoline , , (5)
Jet-Fuel , , ,3
Gasoil , , (0,4)
Fueloil , , ,2
Bitums , , (1,4)
Base Oils , , ,3
Others , , ,9
Total , , ,5
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation

16. TURKEY’S Consumption (1.000 ton)
PRODUCTS % Change
LPG , , (0,5)
Naphta , , ,4
Gasoline , , ,3
Jet-Fuel , , ,2
Gasoil , , ,5
Fueloil , , ,2
Bitums , , (1,0)
Base Oils , , ,3
Others , , ,9
Total , , ,5
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation

17. ÇALIK ENERJİ AŞ - TUPRAŞ Presentation
TÜPRAŞ’s Direct Sales
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation

18. TÜPRAŞ’s Exports and its Premiums
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation

19. TÜPRAŞ’s Employees And Earnings per Employee (2003)
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation

20. TÜPRAŞ Investments-(1/3)
TÜPRAŞ has had prepared a Master Investment Program to develop the product qualities to the European Standart and at the same time to modernize the refineries adapting the latest technologies.
The said investments were started in 1990 and will be completed at the end of 2006.
The following table gives the financial criteria of the major investment projects.
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation

21. Financial Criteria of the Major Investment Projects of TÜPRAŞ -(2/3)
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation

22. TÜPRAŞ Investments-(3/3)
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation

23. Product Distribution After Completion The Investments in TÜPRAŞ
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation

24. Product Qualities After Investment
The Gasoil qualities will meet the European Standart after the completion of investments as seen below graphic;
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation

25. Profitability and Refining Margin History of TÜPRAŞ (1994-2004)
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation

26. New Petroleum Market Law
Turkey started to apply a new petroleum market law from 1st of January of The highlightes of the law are given below shortly :
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation

27. Advantages of New Petroleum Market Law for TÜPRAŞ
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation

28. Financials of TÜPRAŞ in Brief
x YTL
Brut (Gross) Sales , ,0
Net Sales , ,1
Profit Before Taxes , ,8
Profit After Taxes , ,3
Investment Expenditures , ,0
Capital Paid-in , ,2
Profit per Share
May 2005
ÇALIK ENERJİ AŞ - TUPRAŞ Presentation