ADNOC Classification: Public Executive Summary Strategy Update Q1 2024 Financial Results Closing Remarks Appendix Cash generation Net debt / 0.62x Free cash flow of $158 million 0.50x EBITDA -13 -77 13 249 -36 -26 0 870 979 Cash at Cash flow from Working capital Capex Paid Interest received Finance Cost FX movements Dividend paid Cash at Dec 2023 * operations movements Mar 2024 * ✓ Operating cash flow ($235 million) and free cash flow of ($158 million) in Q1 2024 ✓ Free cash flow excl. the effect of working capital changes ($171 million) up 8% Y-o-Y supported by positive financial performance ✓ Solid cash position ($979 million) and strong balance sheet (Net debt / EBITDA 0.50x) offer sufficient room to invest into growth while sustaining attractive dividend policy 20 © ADNOC Distribution * Cash includes term deposits with banks **TotalEnergies Marketing Egypt consolidated from 1 February 2023