We have delivered on our growth targets May ‘19 CMD: 2023 targets 2023 achievements Low single-digit growth in fuel volumes UAE retail fuel volumes CAGR: 2% Fuel retail Increase UAE network size to c.530-550 stations UAE network: c.530 stations KSA and Egypt network: 311 stations Increase total network size to c.400 C-stores Total network: c.500 C-stores Non-fuel retail Refurbish 100% of 2018 C-store network 90% of UAE C-stores are new or refurbished E-commerce channel Launched e-commerce channel Commercial fuel LPG price optimization LPG price optimization achieved in 2020 New contracts in Dubai New contracts signed in Dubai and the Northern Emirates OPEX 2019-23 like-for-like savings of $100-150 million $130 million like-for-like savings achieved over 2019-23 68 stations in KSA and acquisition of 50% in Total International growth Expansion in KSA and exploring other areas Energies Marketing Egypt Lubes exports to more than 30 markets EBITDA of >$1 billion EBITDA of >$1 billion Financial targets Up to 2x Net debt to EBITDA, ROCE min. 20% 0.6x Net debt to EBITDA, ROCE 26% CAPEX $1.2-1.4bn 2019-23 CAPEX $1.2bn 7