ADNOC Distribution unique value proposition Solid business performance Deliver incremental and Deliver higher shareholder and cash flow visibility sustainable growth payback Demonstrable solid business performance Establish ADNOC Distribution as a multi- Proven track-record of shareholder value reinforced by strong 2023 operating and energy, convenience and mobility leader creation since IPO: financial results with over 25% ROCE Predictable cash flow generation Deliver EBITDA growth in 2024-28 through Total shareholder return: $8.2 billion supported by robust regulatory framework, identified key strategic initiatives and focus (+100%) industry-leading margins in the UAE and areas, including doubling down on non-fuel limited exposure to oil price volatility retail and sweating the assets Attractive dividend policysupported by 5-year supply contract with ADNOC, Accelerate sustainable and profitable visible cash flow profile and strong offering a retail margin guarantee which growth domestically and internationally balance sheet protects against inventory losses while through efficient capital allocation providing earnings upside from inventory Futureproof the business by unlocking new gains in fuel retail business (c.65% of revenue streams offered by energy (1) EBITDA) transition (incl. EV charging) and pursuing New 2024-28 dividend policy proposal sustainability goals $700m or min. 75% of net profit Strong balance sheet with ample liquidity whichever is higher, providing payback supports growth prospects and attractive Accelerate digital transformation visibility and dividend upside from future shareholder distributions to create incremental value and enhance earrings growth customer loyalty Unlock hidden value through OPEX initiatives 47 1. Subject to shareholders’ approval at the General Assembly Meeting scheduled for March 2024