ADNOC Classification: Public Executive Summary Strategy Update Q1 2024 Financial Results Closing Remarks Appendix Q1 2024 key achievements & 2024 outlook One of the strongest quarters driven by the continued expansion and volumes growth Robust operating performance Continued growth momentum Outlook: focus on disciplined growth, technology and innovation Network and EV charging infrastructure Gross profit: +17% Y-o-Y, driven by Deliver incremental growth with a focus UAE/KSA: 601 stations growing mobility, higher number of fuel on operational excellence and (Q1 2023: 574) and non-fuel transactions, efficiency futureproofing the business improvements and a positive impact of AI: leverage advanced technologies to Egypt: 245 stations inventory gains enhance customer experience and UAE fast and superfast EV charging NFR gross profit: +16% Y-o-Y improve operational efficiency points: ~90 EBITDA and net profit: Future proofing: double number of Record Q1 fuel volumes sold +18% and +2% Y-o-Y, respectively profitable fast and super-fast EV charging Total: +17% (retail: +18%) Net profit excl. tax impact: points to c.200 by the end of 2024 UAE/KSA: +9% (retail: +7%) +13% Y-o-Y Total network expansion target: Continued growth in non-fuel retail Free cash flow: $158 million and 15-20 new stations in 2024 industry-leading ROCE: 29.5% (8 added in Q1 2024) UAE non-fuel transactions: +7% Pursue organic growth with a CAPEX 1 Strong balance sheet: UAE convenience store conversion rate 0.50x net debt / EBITDA plan of $250-300 million in 2024 24.5% (Q1 2023: 24.4%) 2 (2023: $320 million) based on $1.04 billion LTM EBITDA Strong momentum in ADNOC Rewards (2023: 0.62x) Explore inorganic growth +21% Y-o-Y to 2 million members opportunities through value-accretive transactions 1. Number of convenience stores transactions divided by number of fuel transactions at sites with convenience stores. 2. LTM – last 12 months 6 © ADNOC Distribution