ADNOC Classification: Public Executive Summary Strategy Update Q3 & 9M 2024 Financial Results Closing Remarks Appendix Key strategic update Non-fuel retail business Non-fuel retail gross profit growing faster than fuel business with double-digit growth ✓ Convenience stores, car wash and other car services growing at double-digit: 9M’24 : +13% Y-o-Y (Q3’24: +10% Y-o-Y) ✓ Number of non-fuel transactions (UAE): 9M’24: +9% Y-o-Y (Q3’24: +10% Y-o-Y) ✓ 10 new convenience stores, incl. 5 stand-alone stores capturing non-fuel retail opportunities outside of service stations ✓ 2 new high-capacity car wash tunnels launched in 9M, with plans to open additional tunnels by the end of 2024 ✓ On track to double the number of property units occupied by top international and regional food & beverage brands by the end of 2025 Focus - convenience stores (GCC) ✓ Gross profit: 9M’24: +13% Y-o-Y (Q3’24: +11% Y-o-Y) ✓ Gross profit margin: 9M’24: 33.5% (+40 bps Y-o-Y) 1 ✓ Highest 9M conversion rate in five years: 9M’24: 25.5% (+c.110 bps Y-o-Y) ✓ Average gross basket size: 9M’24: +2% Y-o-Y to $7.2 12 © ADNOC Distribution ADNOC Distribution 1. Number of convenience stores transactions divided by number of fuel transactions at sites with convenience stores
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