ADNOC Classification: Public Executive Summary Strategy Update Q3 & 9M 2024 Financial Results Closing Remarks Appendix 9M 2024 key achievements & 2024 outlook Record-high 9M EBITDA and underlying EBITDA driven by record volumes and double-digit growth in non-fuel retail, supported by success of ADNOC Rewards loyalty program Outlook: focus on disciplined growth, Robust operating performance Growth in 9M’24 EBITDA and FCF technology and innovation Allocate capital towards growth and Network and EV charging infrastructure Key 9M’24 profitability drivers: UAE/KSA: 612 stations network expansion, growing mobility, deliver incremental shareholder value. higher number of fuel and non-fuel Doubling down on NFR: upscaling NFR (9M’23: 585) transactions and efficiency improvements offerings to transform our stations into Egypt: 243 stations Gross profit: +7% Y-o-Y destinations-of-choice UAE fast and superfast EV charging Future proofing the business: 150-200 points: 112 (Dec’23: 53) NFR gross profit: +13% Y-o-Y profitable fast and super-fast EV charging Record-high 9M fuel volumes sold EBITDA: +6% Y-o-Y points by the end of 2024 9M’24: +9.2% Y-o-Y (UAE/KSA: +7.2%) Underlying EBITDA: +12% Y-o-Y Leverage AI and advanced data analytics Net profit: -4% Y-o-Y to enhance customer experience and Strong non-fuel retail growth in 9M’24 improve operational efficiency UAE non-fuel transactions: +9.4% Y-o-Y Net profit excl. tax impact: +5% Y-o-Y 2024 network expansion target of Highest 9M UAE convenience store Free cash flow: $537 million 15-20 stations achieved in 9M’24: 1 +19 new stations conversion rate in five years: Industry-leading ROCE: 29.5% 25.5% (9M’23: 24.4%) Strong balance sheet: Pursue organic growth with a CAPEX 0.56x net debt/EBITDA based on plan of $250-300 million in 2024 Strong momentum in ADNOC Rewards 2 Explore inorganic growth opportunities +19% Y-o-Y to 2.15 million members $1.05 billion LTM EBITDA (2023: 0.62x) through value-accretive transactions 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
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