ADNOC Classification: Public Business segments operating review Retail segment – B2C (fuel and non-fuel) Volumes In Q2 2024, retail fuel volumes increased by 3.9% In H1 2024, retail fuel volumes increased by 10.4% year-on-year to 2,482 million liters. In GCC markets year-on-year to 5,011 million liters, driven by strong (UAE and KSA), retail volumes increased by 3.9% mobility trends and partially attributable to the timing year-on-year driven by the region’s ongoing of consolidation of TotalEnergies Marketing Egypt. economic growth, higher mobility and addition of new service stations, while in Egypt they were 3.8% In GCC markets (UAE and KSA), retail fuel volumes higher year-on-year. increased by 5.4% year-on-year driven by the region’s ongoing economic growth, higher mobility The retail fuel volumes in GCC markets (UAE and and addition of new service stations, while in Egypt KSA) declined by 0.9% compared to Q1 2024, due they were up by 27.9% year-on-year, supported by to the impact of the UAE severe storms in April as the timing of consolidation of Total Energies well Eid holidays in Q2 2024. In Egypt, retail fuel Marketing Egypt. volumes declined by 4.6% compared to Q1 2024 due to Eid holidays in Q2 2024. Retail segment volumes Q2 24 Q1 24 QoQ % Q2 23 YoY % H1 24 H1 23 YoY % (million liters) Gasoline 2,011 1,899 5.9% 1,829 9.9% 3,910 3,530 10.8% Diesel 410 560 -26.9% 503 -18.6% 970 892 8.7% Other (1) 62 70 -12.1% 57 8.0% 132 115 14.2% Total 2,482 2,529 -1.9% 2,389 3.9% 5,011 4,537 10.4% Of which GCC 1,851 1,868 -0.9% 1,781 3.9% 3,720 3,528 5.4% Of which Egypt 630 661 -4.6% 608 3.8% 1,291 1,010 27.9% (1) Includes CNG, LPG, kerosene, and lubricants Financial results In Q2 2024, retail segment revenue increased by (26.1% vs. 24.8% in prior year), higher number of 7.2% compared to Q2 2023 supported by higher non-fuel transactions (+10.9% year-on-year) and volumes, higher pump prices and strong growth in improved customer offerings. non-fuel retail revenue. Q2 2024 retail segment EBITDA increased by Q2 2024 retail segment gross profit increased by 21.4% compared to Q2 2023, mainly due to the 10.7% compared to Q2 2023, as a result of higher higher fuel volumes year-on-year and a positive fuel volumes and growing contribution from non-fuel impact of inventory movements year-on-year. and international activities. In addition, the Company recorded inventory gains in Q2 2024 of In H1 2024, retail segment revenue increased by AED 128 million vs. inventory gains of AED 80 8.4% compared to H1 2023 supported by higher million in Q2 2023. volumes, higher pump prices, strong growth in non- fuel retail revenue and partially attributable to the Fuel retail segment gross profit increased by 10.1% timing of consolidation of TotalEnergies Marketing year-on-year principally due the higher volumes as Egypt. well as a positive impact of inventory movements. Non-fuel retail gross profit increased by 13.5% in Q2 2024 compared to Q2 2023 driven by the continued growth of convenience store conversion ratio 16 | P a g e