Emlak Konut Gayrimenkul Yatirim Ortakligi : Solo Financial Report for the Year of 2021

2 0 2 1 A N N U A L R E P O R T

	DIVIDENDS PER SHARE			EARNINGS PER DILUTED SHARE
2017	$2.95					2017		$9.52/$10.12*
2018	$3.41				2018		$11.87/$11.81*
2019	$3.93			2019		$12.41/$12.26*
2020	$4.47		2020		$11.44/$11.63*
2021	$5.11	2021		$14.92
	Since 1939, paid without interruption or reduction		*As adjusted. See "Non-GAAP Financial Measures" on page 10 for a definition of, further
							explanation about, and reconciliations related to earnings per diluted share, as adjusted.

E XTENDING OUR ADVANTAGES IN

PRODUCTS,

BRANDS,

AND PEOPLE

to make work easier for serious professionals, the Makers and the Fixers of the world.

	OPERATING SEGMENTS			SNAP-ON FACTS
	2021 Revenues by Segment		• Founded in 1920
Financial Services
	• Serves Professionals
	7%			in over 130 Countries
Repair Systems &	37%	Snap-on	• 12,800 Associates
Information Group	29%	Tools Group
• S&P 500 company

27%

• 2021 Net Sales of $4.25 Billion

• NYSE: SNA

Commercial & Industrial Group

OUR PEOPLE:

Our people are a distinct advantage for Snap-on's continued success, especially those in our factories, who make the iconic products and productivity solutions that move the world forward. Pictured with Chairman and Chief Executive Officer, Nick Pinchuk, at the final assembly line in our vertically integrated Algona, Iowa tool storage factory are Snap-on associates (from left to right), Demetrice Buckner, Chad Devine, Steve Scobba and Jodie Rath.

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OUR BRAND:

Over the company's 100-year history, Snap-on has become synonymous with quality and innovation. The Snap-on® brand is the outward sign of the pride and dignity that working men and women take in their essential professions. Pictured with a special sculpture, made from over 16,000 of our sockets, and the #2 INDYCAR® fashioned in its Snap-on® branded wrap are Nick Pinchuk, Chairman and Chief Executive Officer, and Snap-on associates (from left to right), Greg Gorman (Snap-onTools Group), Gustavo Gonzalez (Commercial Group), and Dana Dombrowski (Snap-onCorporate).

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T O O U R S N A P - O N

SHAREHOLDERS

Snap-on makes work easier for serious professionals. For over 100 years, we've developed advantages in our products, our brands, and our people to serve the working men and women who perform the most critical of tasks where the penalties for failure are high.

Snap-on is rooted in the dignity of work. We connect with our customers, developing further advantages in our products, meeting the needs of rapidly changing workplaces. We enable the makers and the fixers who perform day in and day out to move the world forward . . . a focus that has been particularly relevant in this turbulent era.

As we navigated through the pandemic, the continuing momentum of our operations throughout 2020 and 2021 demonstrated our varied and abundant opportunities, confirmed the resilience of our markets, and highlighted our considerable capabilities to overcome the challenges of this demanding environment. Despite the ongoing headwinds associated with the virus, 2021 was a special period of advancement and celebration, where we commemorated our founding over 100 years ago and honored our ongoing customers, the makers and fixers of the world . . . those who are essential in preserving our society in the midst of the COVID.

As the pandemic began, we characterized the impact on our customers in three phases: shock, interruption in the face of uncertainty; accommodation, gradual learning regarding the pursuit of essential work while remaining safe; and psychological recovery, confidence in the future and a return to more normal buying patterns. During 2021, we encountered a fourth phase . . . exhilaration, a certainty that we're moving sharply to higher levels, ignited by the conviction that society has met and managed the virus and that we won't get shocked again. Of course, new challenges have emerged, the virus is still lingering, and its side effects, inflation and supply chain inefficiencies, have authored new disruptions. But, Snap-on is firmly arrayed to engage these difficulties and to rise on an upward trajectory into

the future, enabled by the development of innovative new products, our strong and meaningful brand position, and the extraordinary and challenge-tested capabilities of our teams.

Since our founding in 1920, our principal value-creating mechanism has been to observe work, translate the insights gained, and create solutions that make essential tasks easier. Opportunities to leverage this approach, both within and beyond vehicle repair, are embodied in our runways for growth: enhance the franchise network; expand with repair shop owners and managers; extend to critical industries, and build in emerging markets. In 2021, we continued to invest in each of these strategically decisive areas to position Snap-on for continuing growth, increasing profitability, and ongoing prosperity for years to come. As the world moves through the current challenges, significant opportunities remain for our businesses, and with our agile pricing, our vertical integration with the resulting shorter supply chain, and our extraordinarily broad product line, Snap-on is positioned to take full advantage.

At the same time, through our Snap-on Value Creation Processes, a suite of principles we use every day, we remain committed to the areas of safety, quality, customer connection, innovation, and rapid continuous improvement (RCI). The contributions of these runways for improvement were evident in diverse ways throughout 2021. For example, our robust safety program, including preventative protocols, multiple onsite vaccination programs, and easy access to other protective measures, provided ongoing support for our businesses around the globe to operate continuously without harm. Furthermore, we again received recognition for a number of our new products, earning awards from both Motor Magazine and Professional Tool & Equipment News, illustrating our success in connecting

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