ADNOC Classification: Public Q2 2024 and H1 2024 non-fuel transactions in the In Q2 2024, UAE convenience stores gross profit UAE increased by 10.9% and 8.9% year-on-year, increased by 14.0% year-on-year to AED 77 million respectively, driven by improving consumer and in H1 2024 by 13.4% year-on-year to AED 152 sentiment, enhanced customer offerings following million driven by the higher number of transactions revitalization of the convenience stores, introduction as a result of enhanced customer offerings following of car wash tunnels and ongoing upgrade of revitalization of the convenience stores, marketing automatic car washes. and promotion campaigns as well as the higher F&B sales. In addition, the strong growth in non-fuel transactions was supported by marketing and promotion Average gross basket size increased by 2.2% year- campaigns under ADNOC Rewards loyalty program on-year in Q2 2024 compared to Q2 2023, and by to attract higher footfall and increase customer 2.3% year-on-year in H1 2024 compared to H1 2023. spending. In its property management business, the Company Convenience store conversion rate increased by continues to transition its tenancy business to a c.130 bps from 24.8% in Q2 2023 to a new record in revenue-sharing model to maximize revenues and four years of 26.1% in Q2 2024. In H1 2024, profitability. In H1 2024, the number of occupied convenience store conversion rate increased by c.70 properties was up by 11.8% year-on-year. bps to 25.3% from 24.6% in H1 2023. A number of vehicles inspected (fresh tests) in the The UAE convenience stores revenue increased by Company’s vehicle inspection centres increased by 12.9% in Q2 2024 compared to Q2 2023, and by 22.4% in Q2 2024 compared to Q2 2023 and by 10.8% in H1 2024 compared to H1 2023, mainly 23.0% in H1 2024 compared to H1 2023, driven by a driven by the higher number of transactions higher number of vehicle inspection centres, compared to the same period of last year. introduction of new services, and supported by marketing promotions. 18 | P a g e