ADNOC Classification: Public Executive Summary Strategy Update Q2 & H1 2024 Financial Results Closing Remarks Appendix Financial performance Strong business growth coupled with OPEX optimization resulting in significantly higher EBITDA and Net profit, despite introduction of UAE Corporate Tax in 2024 Double digit growth in EBITDA and underlying EBITDA in H1’24 ($m)… … as well as in Q2’24 ($m) 515 267 450 232 232 443 204 407 1H23 1H24 1H23 1H24 2Q23 2Q24 2Q23 2Q24 EBITDA Underlying EBITDA EBITDA Underlying EBITDA Growth in net profit in H1’24 ($m) Double-digit growth in Q2’24 net profit before and after the UAE tax ($m) 352 187 319 170 296 296 150 150 1H23 1H24 1H23 1H24 2Q23 2Q24 2Q23 2Q24 Net profit incl. UAE tax Net profit excl. UAE tax Net profit incl. UAE tax Net profit excl. UAE tax 17 © ADNOC Distribution