INDEX GROUP COMPANIES

ANALYST MEETING

06 March 2018Seba Office Boulevard, Istanbul

This presentation contains information and analysis on financial statements as well asforward-looking statements that reflect the Company management’s current views withrespect to certain future events. Although it is believed that the information and analysisare correct and expectations reflected in these statements are reasonable, they may beaffected by a variety of variables and changes in underlying assumptions that could causeactual results to differ materially.

Neither Index Computer nor any of its managers or employees nor any otherperson shall have any liability whatsoever for any loss arising from the use of thispresentation.

Disclaimer

Agenda

World & TurkeyTechnology Market andTechnologic Changes

Index Group Companies2017 Review

Index AŞFinancial & OperationalResults

Datagate AŞFinancial & OperationalResults

Index Group Companies2018 Review

Index Group CompaniesFuture Road Map

01 02

03 04

05 06

World & TurkeyTechnology Market andTechnologic Changes01

Atilla KayalıoğluIndex Group

Executive CommitteeVice Chairman

World IT Market

World & TurkeyTechnology Market andTechnologic Changes01

10%

8%

6%

4%

2%

0%

-2%

-4%

-6%

World IT Expenditures Growth – Main Regions

Asia Pasific(ex.Japan)

Canada Central & EasternEuropa

Japan Latin America

MEA USA Western Europa

2016 2017 2018Growth 2016-2018

Source: IDC Predictions 2018

15%

10%

5%

0%

-5%

-10%

-15%

Traditional PC Tablet Smartphone Server External Storage Network Software IT Services

2016 2017 2018Growth 2016-2018

World IT Expenditures Growth – Technology Groups

Source IDC Predictions 2018

$1,5B$3,2B $2,5B $1,8B

$7,7B

$5,4B

$11,2B $11,1B $10,8B $10,6B

$18,8B2%

2%2%

10%

9%

8%

7%

6%

5%

4%

3%

2%

1%

0%

IT Expenditures on EMEA Markets…

2%2,5%

1,5%

4%

1,5%1,75%3%9,5%

Source: IDC CEMA Blackbook Q2 2017

CAG

R 20

16-2

021

%

Turkey Market Dynamics

World & TurkeyTechnology Market andTechnologic Changes01

Kaynak: Economist Int. Unit, World Bank

Source:TUIK

Turkey Data

Consumer Confidence Index Index USD/TL %

Technology Market

World Turkey

Source: GFK Butique Digital World

IT

Consumer Elec.

Telecom

IT

Consumer Elec.

Telecom

Turkish IT/ICT Market

IT Sector Segments (x m $) 2017 %PC 1.848 $ 8%Printers & Peripherals 444 $ 2%IT Infrastructure 1.082 $ 5%Hardware 3.374 $ 15%

Software 991 $ 4%IT Services 1.531 $ 7%Services & Software Total 2.522 $ 11%

Total IT 5.896 $ 26%Mobile (SP) 4.984 $ 22%Total (IT+SP) 10.880 $ 49%

Telecom Services 11.401 $ 51%

Total ICT (mio USD) 22.281 $

2018 F %1.724 $ 8%

448 $ 2%1.107 $ 5%3.279 $ 15%

1.042 $ 5%1.628 $ 7%2.670 $ 12%

5.949 $ 26%4.820 $ 21%

10.769 $ 48%

11.748 $ 52%

22.517 $

Growth%-7%1%2%-3%

5%6%6%

1%-3%-1%

3%

1%

• Mobile PC and Tablet is the reason for slowdown..

ICT Market Segments

$22,5B

Turkey Poland Russia

36%

5%

7%

52%

$17,0B

31%

11%

21%

37%

$37,0B

30%

8%

13%

49%

Source: IDC 2018

Market Volume

Hardware

Software

IT Services

Telecom Services

World & TurkeyTechnology Market andTechnologic Changes01

Turkey Consumer Electronic Market Dynamics

Last x year I am using…

4.5 y.

2.9 y.

4.5 y.

Population: 79.8 mio1.3%

20-45 age between

RenewalOpportunities 4 y.

4.2 y.

7.1 y.82%

77%

73%

Penetration in Houses %

43%

35%

33%

40%

Source: GFK

Turkish Population Structure & Technology

Primary Sectors on Digital Transformation

Sectors• Finance / Banking• Telecommunication• Production• Retail/ Wholesale• Goverment• Health

Technologies• Cloud• Security• Large Data / Analytics• loT• Robotics

Index Group Companies2017 Review02

Atilla KayalıoğluIndex Group

Executive CommitteeVice Chairman

Index Group Companies and Subsidiaries

* : Listed in BIST on 24.06.2004.** : 0Listed in BIST on 09.06.2006.*** : Listed in BIST on 08.12.2010.**** : %50 of its shares Acquired by Westcon Group(5 May 2007)

* Gathered from BIST as of 02.03.2018 / 18.00

Company Name Business Model % Free Float %Company

Mcap (TL) *Index A.Ş. * Broadliner Dist. 100 42,43 904.400.000Datagate A.Ş. ** Telco Dist. 59 34,24 460.500.000Despec A.Ş. *** Consumables Dist. - 42,70 82.570.000Neteks A.Ş. **** Network Products Dist. 50 - -Artım A.Ş. Vaule Added Dist. 100 - -Teklos A.Ş. IT Logistic and Service 100 - -

Tekirdağ 5 cities521 dealers

IstanbulAnatolia4152 dealers

IstanbulEuropa2060 Dealers

Kocaeli 7 cities530 dealers

Bursa3 cities416 dealers

İzmir 10 cities2850 dealers

Trabzon 6 cities210 dealers

Samsun7 cities399 dealers

Erzurum 6 cities190 dealersayi

Elazığ7 cities229 dealers

Diyarbakır 7 cities388 dealers

G.Antep4 cities260 dealers

Kayseri 7 cities342 dealers

Ankara7 cities1881 dealers

Adana 4 cities678 dealers

Antalya3 cities809 dealers

Mobile Channel TeamsIndex Group Branches

Our Regions

Supplier

Business Model

ONE STOP SHOPPING

150+ TECHNOLOGY CONTRACTS

23.500LOGISTIC CENTRE

8.000+BUSINESS PARTNERS

LEADER TECHNOLOGY GROUP

Producer

Distributor Index Group Companies

Channel SystemIntegrators

AuthorisedSellers

Classic Dealers Retail OEM Sub

Distributor

Market Corporate SME End User

Human Resource…

Logistic; 177

Sales; 160

Product Mngt; 78

Fin&Acc.&Risk ; 61

Administrative; 30IT; 15Management;

11HR; 6

Corporate Comm.; 3

Department# of

EmployeesOran

%Logistic 177 33%Sales 160 30%Product Mngt. 78 14%Fin&Acc.&Risk Mngt 61 11%Administrative 30 6%IT 15 3%Management 11 2%HR 6 1%Corporate Comm. 3 1%Total 541 100%

4.314

2016

Group Companies 2016-2017 (TAX) Revenues (solo) (x m TL)

5.398

2017

%25Companies 2016 2017 %Index 2.444 2.778 14%Datagate 1.237 1.630 32%Despec 196 265 35%Neteks 272 330 21%Artım 141 366 160%Teklos 24 29 21%Total 4.314 5.398 25%

Major Producers

Index Group Companies 2016-2017 Sales on Main Product Groups

30%

25%21%

6%

3%4% 3%

9%

2016

TelecomSmart PhonesPCNetwork SoftwarePrinters & PeripheralsOEMOther

31%

25%19%

6%

4%3% 3%

10%

2017

Years TelecomSmart Phone PC Network Software

Printers & Peripherals OEM Other Consumables Tablet Accessories

Consumer Electronics

& White Goods

DataStorage

WearableTechnology OT/VT

2016 30% 25% 21% 6% 3% 4% 3% 9% 3% 2% 1% 2% 1% 0% 1%

2017 31% 25% 19% 6% 4% 3% 3% 10% 2% 2% 1% 2,70% 1% 1% 1%

Index Group Companies 2016-2017Sales on Producers’ Origin

20162017

Country 2016 (%) 2017 (%)USA 67% 71%China 10% 9%Japan 7% 6%Korea 6% 8%Taiwan 5% 4%Turkey 5% 3%Total 100% 100%

Seasonality

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018F

21%

23%

21%

28%

18%

23%

23%

23%

24%

22%

25%

25%

21%

22%

21%

21%

23%

24%

26%

20%

23%

22%

22%

18%

24%

23%

22%

22%

24%

24%

23%

24%

25%

23%

23%

22%

23%

21%

22%

21%

22%

22%

34%

32%

33%

24%

31%

34%

31%

33%

31%

39%

30%

31%

35%

34%

1Q2Q3Q4Q

Index AŞFinancial & OperationalResults03

Halil Duman Index Group

Board MemberCFO

Revenue & Gross Profit (000 TL)

Summarized P/L (000 TL)

Summarized Balance Sheet (000 TL)

Net Financial Debt (000 TL & USD)

Working Capital (000 TL)

Cash Flow (000 TL)

Financial Ratios

61

Real Estate Project / Seba Office Boulevard

Dividend Pay Out

0,00

2,00

4,00

6,00

8,00

10,00

12,00

14,00

16,00

18,00

20,00

01.1

304

.13

07.1

310

.13

01.1

404

.14

07.1

410

.14

01.1

504

.15

07.1

510

.15

01.1

604

.16

07.1

610

.16

01.1

704

.17

07.1

710

.17

01.1

8

INDES Share Performance TL

Datagate AŞFinancial & OperationalResults04

Halil Duman Index Group

Board MemberCFO

Income Statement (000 TL)

Balance Sheet (000 TL)

Net Financial Debt (000 TL & USD)

Working Capital (000 TL)

Cash Flow (000 TL)

Financial Ratios

Index Group Companies2018 Review05

Salih BaşDatagate A.Ş.

General Manager

5.398

2017

6.358

2018F

%18Companies 2017 2018F %Index 2.778 3.296 18,6%Datagate 1.630 1.896 16,3%Despec 265 285 7,5%Neteks 330 402 21,8%Artım 366 444 21,3%Teklos 29 35 20,7%Total 5.398 6.358 18%

Group Companies 2018 (TAX) Revenue Targets(solo) (x m TL)

Index Group Companies 2017-2018Sales on Main Product Groups

30%

23%19%

6%

4%4%

3% 11%

2018F

Telecom

Smart Phone

PC

Network

Software

Printers & Peripherals

OEM

Other

31%

25%19%

6%

4%3%

3% 10%

2017

Years TelecomSmart

Phones PC Network Software Printers &

Peripherals OEM Other Consumables

ConsumerElec.& White

Goods Tablet AccessoriesData

Storage OT/VTWearable

Tech.

2017 31% 25% 19% 6% 4% 3% 3% 10% 2% 2,70% 2% 1% 0,7% 0,5% 0,6%

2018T 30% 23% 19% 6% 4% 4% 3% 11% 2% 4% 2% 1% 0,7% 0,7% 0,6%

Index Group CompaniesFuture Road Map06

Salih BaşDatagate A.Ş.

General Manager

Index / Life started in Real Estate Project!

Value Add(Value Added Dist.)

Volume(Sizable Products Dist.)

Specialised, growing , havingserious targets, Leader TechnologyGroup

Changing TechnologyRe-shaped Go To Market Model!

Mobile(Mobile Products Dist.)

2017

2017

2017

2018

2018

2019

Digital Transformation

• Cloud

• IOT • SmartHome

• 3D Printing • Drone

• Wearable Technologies

• AR/VR • Robot

FutureTechnologyTrends

ProfitableEfficient

Strong

Strong, Profitable & Efficient GrowingIndex Group

Thanks