ASELSAN Continues to Grow

ASELSAN's turnover in 2021 increased by 25% compared to the previous year and reached 20,1 billion TL. Continuing its sustainable growth with its investments, the net profit of the company was 7,1 billion TL.

While ASELSAN's Profit Before Interest, Depreciation and Tax (EBITDA) rose to TL 5,5 billion, its net profit reached TL 7,1 billion. The company's equity to assets ratio was 56%, while cash flows from its operations increased by 42% compared to the previous year and reached 2,4 billion TL.

We Continued Stable Growth

ASELSAN Chairman of the Board and General Manager Prof. Dr. Haluk Görgün evaluated the financial results of the company's operations for 2021 with the following words: "Our company, which left 46 years behind as a leader in the defense industry, received more than 2021 billion USD in new jobs in 2, when uncertainties showed itself too much. ASELSAN's balance orders reached 2021 billion USD by the end of 8,5.

We continued to rapidly expand our global activity with our sales and production network. In 2021, we have sold ASELSAN products to 6 new countries where no sales have been made so far. We have increased this number to 3 by adding 15 new countries to the number of countries we have users in in the last 78 years.

In order to ensure our stable growth, we continued our R&D activities with more than 2021 R&D personnel in 5.000, spending a total of 632 million USD on R&D. In 2021, we won the first place in the R&D 250 Companies with the Highest R&D Expenditure in Turkey.

Leaving another year behind on the path we are walking with the goal of independent national technologies under the leadership of our Defense Industry Presidency, we spent every day working for a stronger Turkey. In the second year of the pandemic, ASELSAN continued to grow with its investments. While offering our high technologies to the service of the world, we have progressed in line with our export-oriented growth target. While fulfilling our responsibility towards our country, we continued to contribute to our economy by increasing our total sales by 25% to over TL 20 billion.

Our Priority is Nationalization

As ASELSAN, we have worked continuously to develop our products and systems with national means, to reduce foreign dependency in the defense industry, to invest in the products of the future, and to support our country's defense industry ecosystem in terms of supply chain management. In the past year, we placed purchase orders worth 3.300 billion USD to over 5.500 suppliers, of which 1,5 are domestic. More than 1 billion USD of these orders were made up of orders given to our domestic suppliers. We continued to strongly support our suppliers financially in 2021 as well. Despite the negative effects of the pandemic in 2021, we transferred an amount exceeding 1 billion USD to our domestic suppliers.

We mobilize all possibilities for a fully independent supply chain ecosystem. In 2021, we successfully completed the nationalization of 197 products. Thus, we have increased the number of products we have nationalized in the last three years to more than 500 and ensured that a size close to 200 million USD remains in our country.”

Our Goal is Complete Independence in the Defense Industry

ASELSAN Chairman of the Board and General Manager Prof. Dr. Haluk Görgün continued his statements as follows:

“We continue our work without slowing down with the aim of meeting the needs of our security forces with national resources and becoming a reliable business partner at the global level. ASELSAN is not limited to the field of defense; continues its nationalization efforts in transportation, security, energy, health and financial technologies. In addition, with the mission load and equipment we have developed in satellite and space, we have seriously eliminated our country's foreign dependency in line with the goal of full independence in the defense industry. In this context, with TÜRKSAT-19B, which was put into orbit on December 2021, 5, our company once again proved its reliability at a global level. With the systems developed within the scope of TÜRKSAT-6A and TUMSIS X-Band Payload, ASELSAN continued to develop competent products in the field of space.

Address of Employment ASELSAN

ASELSAN has always been a center of attraction for professionals. In 2021, we implemented human resources practices that will improve business continuity. By adding 1.176 more people to our family, we increased the number of our employees to 9.460.

We Work for a Sustainable Future

The priorities of our country are guiding for our company. Sustainability is at the top of our focus. We presented the holistic sustainability approach, which our company prioritizes in its operations and strategy, to the information of both our investors and all our stakeholders, with the international success provided by Carbon Emission Reporting. As ASELSAN, we continued our climate change studies by getting a score above the global average. In 2021, our company added a new one to its Climate Leader title, which it has held for years, became a Green World Ambassador and received the silver award at the International Green Apple Environment Awards. In line with the responsible and effective management of the resources we use, we continued to successfully manage the implementation process of the ISO 50001:2018 Energy Management System, which is a management approach that considers the conscious and efficient use of energy in our activities.”

ASELSAN Chairman of the Board and General Manager Prof. Dr. Haluk Görgün said, “We ran these achievements together with our competent human assets and suppliers. I would like to thank all our stakeholders for their trust in us and for always being there for us, and I wish our success to continue to increase.”