ADNOC Classification: Public Positive outlook supported by volume growth momentum, OPEX savings, AI initiatives and business futureproofing ADNOC Distribution represents an attractive investment opportunity, supported by business expansion and appealing shareholder distributions. Strong execution of the Company is demonstrated by a delivery on a critical commitment to capital markets of generating in excess AED 3.68 billion ($1 billion) EBITDA in 2023. ADNOC Distribution expects solid outlook for the full year 2024 and beyond, underpinned by volume growth momentum, strong consumer confidence, growth in non-fuel retail, higher contribution of international activities and further efficiency enhancements. In addition, the Company is futureproofing its business by developing fast and superfast EV charging infrastructure across its network in the UAE. ADNOC Distribution is also exploring further options to grow in mobility and lifestyle as well as new revenue streams created through energy transition. The Company continues to explore value-accretive domestic and international expansion opportunities, including new markets – to generate additional value for the shareholders. ADNOC Distribution’s growth ambitions are underpinned by a solid macroeconomic backdrop. In H1 2024, Abu Dhabi GDP increased by 3.7% year-on-year, including by 4.1% in Q2 2024. This was driven by the growth of non-oil economic activities which expanded in H1 2024 by 5.7% year-on-year, including growth of 6.6% in Q2 2024. Non-oil activities represented 55.2% of the Abu Dhabi economy in Q2 2024 – the highest level since the end of 2014. The growth in Q2 2024 non-oil GDP was led by finance and insurance (+13.4%), construction sector (+11.5% year-on-year) and real estate activities (+3.4%). Another strong signal of growth in economic activity is that Abu Dhabi airports reported a 33.5% increase in passenger traffic in H1 2024 year-on-year to nearly 14 million passengers. Dubai International Airport hit a record of 44.9 million travellers in H1 2024, an 8% increase year-on-year. Dubai also set a new tourism record of over 9.31 million international overnight visitors which is 8.9% higher than in the same period of 2023. At the end of September, the UAE Central Bank revised up its forecast for the country’s 2024 GDP growth by 10 bps from 3.9% to 4.0% in light of expected improvements in the oil sector. 2025 GDP growth forecast is 6.0%. The non-oil component of GDP is expected to grow by 5.2% in 2024 and by 5.3% in 2025, driven by tourism, transportation, financial and insurance services, construction and real estate, and communications sectors. IMF forecasts that the UAE GDP will grow by 3.5% in 2024, which is one the highest rates among the GCC economies, accelerating to 4.2% in 2025 and 4.3% in 2026. Higher mobility and improved consumer confidence are driving the UAE economic growth. These factors boosted fuel volumes and non-fuel transactions for ADNOC Distribution in the first nine months of 2024. Capitalizing on its UAE leadership, customer focus, and exceptional mobility and lifestyle offerings, the Company’s growth outpaced the nation's GDP growth. In 9M 2024, retail volumes in the UAE and KSA increased by 6.0% and commercial volumes soared by 9.6% year-on-year. During Investor Day in February 2024 ADNOC Distribution unveiled key strategic initiatives and focus areas. The Company is ready for the new phase of growth which will see ADNOC Distribution transforming from a fuel distributor into a multi-energy, convenience and mobility leader. The Company is scaling up its portfolio of low- carbon energy solutions including biofuels, EV and hydrogen to support de-carbonization of the transport industry and is expanding its non-fuel retail offerings. ADNOC Distribution is prioritizing innovation and enhancing customer experience in line with its strategic objectives. The focus on seamless customer journeys through digital solutions and hyper-personalization will drive improved brand engagement and increased footfall. The Company aims to deliver earnings growth in the next five years through identified key strategic initiatives, including: growing the number of non-fuel transactions by 50%, increasing the number of fast and super-fast EV charging points by 10-15x by 2028 compared to the end of last year, reducing like-for-like OPEX by up to AED 184 million ($50 million), and growing the network of service stations to ~1,000 by 2028. 8 | P a g e