ADNOC Classification: Public Operational Performance Operational highlights for the quarter include sustained growth in fuel volumes in all regions where the Company operates. Total fuel volumes increased by 17% year-on-year, driven by growth in both retail and commercial segments. The GCC region saw a 9% increase, fueled by factors including increased traffic across our network, sustained economic growth, ongoing network expansion, and a higher contribution from international operations in Saudi Arabia. In Q1 2024, ADNOC Distribution opened 8 new service stations, expanding its total network to 846 stations. The Company remains on track to achieve its full-year target of adding between 15 and 20 new sites. ADNOC Distribution also saw ongoing growth in its non-fuel retail business, with transactions increasing by 7% across the network in the UAE. Aligned with its new growth strategy, ADNOC Distribution is allocating capital towards convenience and mobility to transform its stations into destinations of choice. In Q1, ADNOC Distribution expanded its non-fuel offerings by opening two new high-capacity car wash tunnels, which have significantly greater capacity than conventional facilities. Plans are underway to launch 8 more car wash tunnels and upgrade 50% of automatic car washes by the end of 2024. Additionally, the Company aims to double the number of property units occupied by leading international and regional food and beverage brands across its network by the end of 2025. AI & Future Proofing As a cornerstone of its growth strategy, ADNOC Distribution is leveraging AI-enabled digital innovation to drive value and efficiency across its network, including predictive fuel demand models, Fill & Go, and in the company’s EV network expansion. From an operational efficiency perspective, ADNOC Distribution’s Fuel Demand AI Model offers a fuel forecast accuracy exceeding 95%, far surpassing conventional methods averaging 60%, resulting in reduced total fuel inventory runout. Additionally, the improved accuracy facilitated a 10% reduction in total fuel truck emissions through optimized delivery timing efficiencies, in line with the Company’s objective to reduce carbon emissions intensity by 25% by 2030. Committed to futureproofing its business through a disciplined rollout of fast and super-fast electric vehicle (EV) charging points, ADNOC Distribution expanded its network in Q1 2024 to 89 charging points , marking a 68% increase over Q4 2023. This expansion included the establishment of a dedicated Mobility Hub in Masdar City. ADNOC Distribution remains on track to more than double its profitable EV charging points network to approximately 150 to 200 by the end of 2024. Positive Outlook Since its initial public offering in 2017, ADNOC Distribution has provided shareholders with an approximately 90% return on investment through increased market value and dividends. The Company delivered on its promise of achieving $1 billion in EBITDA in 2023, setting the foundation for its next phase of accelerated growth. The Company continues to target value- accretive domestic and international expansion opportunities, including new markets to generate additional value for its shareholders.