ADNOC Classification: Public ADNOC Classification: Public to execute against strategic objectives. Across the first nine months of the year, we made steady progress expanding our domestic retail presence and market share, while also seeing growing returns from our international expansion. To continue to unlock shareholder value, the Company is pursuing AI, advanced digital technologies, and innovation-enabled growth across our entire value chain, engendering considerable OPEX savings and improvements to our industry-leading customer experience.” The H1 2024 dividend of $350 million (AED1.285 billion) was distributed in October, aligning with the approved five-year policy which expects the Company to distribute annual dividend of $700 million (AED2.57 billion), equivalent to 20.57 fils per share, or a minimum of 75% of net profit, whichever is higher, offering long-term visibility for shareholders. The H2 2024 dividend will be paid in April 2025, subject to the discretion of the Board and approval of shareholders. OPERATIONAL PERFORMANCE In the first nine months of 2024, ADNOC Distribution exceeded 11 billion liters in total fuel volumes, marking a 9.2% year-on-year increase, driven by network expansion, economic growth, and growing contributions from international operations. Non-fuel retail transactions also grew by 9.4% year-on-year during the period, with a 10.3% growth in Q3 alone. The convenience store conversion rate reached 25.5% over the nine-month period – the highest for this period in five years - including 25.9% in Q3 2024. Key growth initiatives included expanding premium food and beverage offerings, enhancing car services, and optimizing real estate to strengthen the Company’s position. ADNOC Voyager maintained its leading position as the UAE’s number one lubricant brand by market share, and now available in 43 countries, up from 34 the same time last year. In the nine-month period, ADNOC Distribution added more than 60 commercial retail tenants across its network, including new stores, restaurants, and car services, with plans to add another 20 by the end of the year. The Company aims to double the number of property units occupied by top international and regional food and beverage brands by the end of 2025. ADNOC Distribution added 19 new service stations in the first nine months of 2024, bringing the total to 855 across the UAE, KSA and Egypt, achieving its full-year goal of adding 15 to 20 stations ahead of time. Eight of these, launched in Dubai in Q3, cater specifically to trucks, in partnership with Dubai’s Road and Transport Authority (RTA). As of 30 September 2024, ADNOC Distribution’s UAE network included 112 fast and super-fast charging points, more than double compared to 53 at the end of 2023, with plans to reach 150- 200 charging points by the end of 2024.
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