ADNOC Classification: Public Executive Summary Strategy Update Q1 2024 Financial Results Closing Remarks Appendix Closing remarks Deliver incremental growth with a focus operational excellence and futureproofing our business Strong execution Deliver incremental and Attractive shareholder momentum in Q1 2024 sustainable growth distribution ✓ 8 new stations, on track achieve 15- ✓ Invest in highly attractive and growing ✓ Proven track-record of shareholder 20 new stations in 20204 core UAE energy market value creation since IPO ✓ Network: 846 stations, incl. 245 in ✓ Shift capital allocation towards ✓ New 2024-28 dividend policy*: $700 Egypt convenience & mobility million or min. 75% of net profit ✓ First wave of c.90 EV charging points ✓ Transform service stations into whichever is higher, providing rollout across service station network destinations-of-choice payback visibility and dividend ✓ EBITDA and net profit: ✓ Sustainable mobility: drive customer upside from future earrings growth +18% and +2% Y-o-Y, respectively choice for EV charging on the go ✓ H2 2023 dividend of $350 million ✓ Net profit excl. tax impact: ✓ Decarbonization: 25% carbon intensity paid in April 2024 +13% Y-o-Y reduction target by 2030 22 © ADNOC Distribution * Subject to the discretion of the Board and Shareholders’ approval
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