ADNOC Classification: Public Executive Summary Strategy Update Q2 & H1 2024 Financial Results Closing Remarks Appendix Q2 / H1 2024 key achievements & 2024 outlook Strong quarter driven by double-digit growth in non-fuel retail and volumes and higher Rewards customers Robust operating performance Double-digit growth in key Q2’24 Outlook: focus on disciplined growth, financial results technology and innovation Allocate capital towards growth and Network and EV charging infrastructure Key Q2’24 profitability drivers: UAE/KSA: 603 stations network expansion, growing mobility, deliver incremental shareholder value. higher number of fuel and non-fuel Doubling down on NFR: upscaling NFR (H1’23: 575) transactions, efficiency improvements and offerings to transform our stations into Egypt: 244 stations a positive impact of inventory gains destinations-of-choice UAE fast and superfast EV charging Gross profit: +11% Y-o-Y Future proofing the business: 150-200 points: >100 (Dec’23: 53) profitable fast and super-fast EV charging Record Q2 / H1 fuel volumes sold NFR gross profit: +13% Y-o-Y points by the end of 2024 Q2’24: +4.1% Y-o-Y (UAE/KSA: +4.7%) EBITDA: +15% Y-o-Y Leverage AI and advanced data analytics H1’24: +10.4% Y-o-Y (UAE/KSA: +7.0%) Net profit: +13% Y-o-Y to enhance customer experience and Net profit excl. tax impact: +25% Y-o-Y improve operational efficiency Strong non-fuel retail growth in Q2’24 Network expansion target: 15-20 new UAE non-fuel transactions: +10.9% Y-o-Y Free cash flow: $330 million stations in 2024 (10 added in H1’24) Highest UAE convenience store Industry-leading ROCE: 29.0% Pursue organic growth with a CAPEX 1 conversion rate in four years: Strong balance sheet: plan of $250-300 million in 2024 26.1% (Q2’23: 24.8%) 0.53x net debt/EBITDA based on Strong momentum in ADNOC Rewards 2 Explore inorganic growth opportunities $1.07 billion LTM EBITDA through value-accretive transactions +21% Y-o-Y to 2.1 million members (2023: 0.62x) 6 © ADNOC Distribution 1. Number of convenience stores transactions divided by number of fuel transactions at sites with convenience stores. 2. LTM – last 12 months