ADNOC Classification: Public Executive Summary Strategy Update Q2 & H1 2024 Financial Results Closing Remarks Appendix OPEX update OPEX pressures from increasing network footprint fully offset via ongoing Optimization Program Other1 11% Utilities 8% Q2 2024 cash OPEX split Distribution 3% ($154m) & marketing Repairs, 8% maintenance & 71% consumables Staff costs ✓ ADNOC Distribution successfully executed management initiatives to increase operational efficiency across all business units ✓ Q2’24 cash OPEX (excl. one-off items) declined by 3% Y-o-Y despite a 4% growth in the Company’s network ✓ H1’24 like-for-like OPEX savings: $10 million ✓ On track to reduce like-for-like OPEX by up to $50 million by 2028 19 © ADNOC Distribution ADNOC Distribution 1. Other costs include lease cost, bank charges, insurance, subscriptions, legal fees, consultancies, etc.