ADNOC Classification: Public Strategy Update Q3 & 9M 2024 Financial Results Closing Remarks Appendix Executive Summary Q1 2024 Financial Results Financial performance $m Q3 2024 Q3 2023 YoY (%) 9M 2024 9M 2023 YoY (%) 9M 2024 Revenue 2,473 2,433 1.7% 7,247 6,824 6.2% $790 million Gross profit 432 452 -4.3% 1,255 1,174 6.9% EBITDA Gross margin, % 17.5% 18.6% 17.3% 17.2% Financial EBITDA 275 303 -9.2% 790 746 5.9% performance EBITDA margin, % 11.1% 12.4% 10.9% 10.9% 1 Underlying EBITDA 271 239 13.6% 721 646 11.6% Underlying EBITDA margin, % 11.0% 9.8% 9.9% 9.5% $501 million Net profit attributable to 182 227 -20.1% 501 524 -4.4% equity holders Net profit Net profit excl. UAE tax impact 198 227 -12.7% 551 524 5.1% Free cash flow generation $m Q3 2024 Q3 2023 YoY (%) 9M 2024 9M 2023 YoY (%) 2 Cash generation FCF 49 394 -87.7% 537 727 -26.2% and leverage 2 FCF excl. working capital chng 184 233 -21.1% 551 571 -3.5% $537 million Net debt/EBITDA, x 0.56 0.67 Free cash flow Robust financial returns Q3 2024 Q3 2023 3 Profitability ROCE (%) 29.5% 26.6% 4 ROE (%) 94.3% 83.8% 27 © ADNOC Distribution 1. Underlying EBITDA is defined as EBITDA excluding inventory movements and one-off items 2. Free cash flow is calculated as net cash generated from operating activities less payments for purchase of property, plant & equipment, and advances to contractors 3. Return on Capital Employed 4. Return on Equity