ADNOC Classification: Public Executive Summary Strategy Update Q1 2024 Financial Results Closing Remarks Appendix Gross profit by operating segment $m Q1 2024 Q1 2023 YoY (%) Retail (B2C) 311 266 16.9% of which fuel 256 219 17.1% of which non-fuel1 55 47 16.2% Retail margin, % 19.9% 18.6% Commercial (B2B) 92 78 17.8% of which Corporate 71 63 12.6% of which Aviation 21 15 39.6% Commercial margin, % 11.1% 10.5% Total 403 344 17.1% NM not meaningful ✓Fuel retail: gross profit up supported by volume growth and Q1 2024 gross profit split inventory gains of $33 million in Q1 2024 vs. zero inventory gains in Q1 2023 Commercial (B2B) - Aviation ✓Non-fuel retail: higher gross profit driven by a growth in number of Commercial (B2B) 5% transactions, higher convenience store conversion rate, upgrade of - Corporate 18% the car wash offering and new initiatives in the property $403m management segment to drive rent revenue 14% 64% Retail non-Fuel Retail Fuel ✓Commercial: driven by growth in corporate fuel volumes and (B2C) (1) (B2C) inventory gains of $1 million in Q1 2024 vs. inventory losses of $4 17 ADNOC Distribution million in Q1 2023 © ADNOC Distribution 1. Includes convenience stores, car wash, lube change, property management and vehicle inspection