ÇHS AR21-ENG-030622

ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ AND ITS SUBSIDIARIES 59 Çelebi Ground Handling Inc. 2021 Annual Report The accompanying notes form an integral part of these consolidated financial statements. Current Period Prior Period Audited Audited Notes 1 January - 31 December 2021 1 January - 31 December 2020 B. Cash flows from investing activities (66.612.483) (22.213.580) Cash inflows from sale of property, plant and equipment and intangible assets 19.030.691 13.453.860 - Cash inflows from sale of property, plant and equipment 19.030.691 12.454.713 - Cash inflows from sale of intangible assets - 999.147 Cash outflows from purchase of property, plant and equipment and intangible assets (90.471.984) (72.868.016) - Cash outflows from purchase of property, plant and equipment 11 (86.876.891) (49.567.215) - Cash outflows from purchase of intangible assets 13 (3.595.093) (23.300.801) Dividends received 6 3.140.868 1.182.500 Cash inflows from cash advances and debts given to related parties 60.482.604 36.018.076 Other cash inflows / (outflows) (58.794.662) - C. Cash flows from financing activities (498.536.736) (118.723.983) Lease payments (119.119.474) (70.424.046) Cash inflows from borrowings 7 497.012.095 629.080.104 Cash outflows due to debt payments 7 (768.216.693) (597.816.388) Dividends paid 31 (57.712.500) (47.992.500) Interest paid (80.569.471) (55.505.732) Interest received 27 30.069.307 23.934.579 Net increase in cash and cash equivalents before the effect of foreign currency translation differences 62.068.789 282.443.622 D. Foreign currency translation differences 460.077.226 80.042.568 Net increase in cash and cash equivalents 522.146.015 362.486.190 E. Cash and cash equivalents at the beginning of the period 4 571.428.817 208.942.627 Cash and cash equivalents at the end of the period 4 1.093.574.832 571.428.817 CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE PERIOD 1 JANUARY - 31 DECEMBER 2021 (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.)