ADNOC Classification: Public Commercial segment: In 9M 2024, commercial fuel volumes in GCC increased by 9.6% compared to 9M 2023 to more than 3 billion liters driven by an increase of 10.8% year-on-year in corporate business volumes. This was a result of execution of new contracts signed in 2023 and 9M 2024, as the Company has been proactively focusing on gaining market share in Dubai and Northern Emirates. Commercial fuel volumes in Egypt increased by 10.7% compared to 9M 2023 to 383 million liters. This was driven by a 38% year-on-year increase in aviation volumes supported by the continued tourism growth and was partially attributable to the timing of consolidation of TotalEnergies Marketing Egypt. Total number of export network countries in ADNOC Distribution’s VOYAGER lubricants portfolio rose to 43 markets at the end of 9M 2024 compared to 34 markets at the end of the same period last year. The Company is exploring opportunities to penetrate new growing lubricants markets through collaboration with leading partners worldwide. Additionally, in 2023 the Company launched ADNOC Voyager brand signature range of premium and OEM- approved automotive vehicle lubricants in Egypt through TotalEnergies Marketing Egypt. The products are available for the Egyptian consumers to purchase at ADNOC-branded service stations. Non-fuel business - UAE In 9M 2024, ADNOC Distribution continued to execute its non-fuel retail strategy with dynamic marketing campaigns and customer-focused initiatives. The Company elevated the shopping experience with a modern retail environment, improved category management, fresh food, premium coffee and convenient digital ordering. The growth strategy involves leveraging advanced technologies like Artificial Intelligence. AI-driven services, such as Fill and Go with computer vision license plate recognition, enhance the refuelling process and solidify ADNOC Distribution's position as a leader in innovation within the industry. Additionally, ADNOC Distribution revitalized its convenience stores, modernizing around 210 ADNOC Oasis outlets to offer fresh food, barista-brewed coffee and an expanded menu. Today, 90% of the stores boast a new or refurbished look with superior category management. The Company continued to develop its non-fuel offerings in 9M 2024 launching ten new convenience stores, including five stand-alone stores to capture opportunities for non-fuel retail growth outside its service stations. In addition, ADNOC Distribution launched two new high-capacity car wash tunnels, which have significantly greater capacity than conventional facilities, with plans to add more car wash tunnels and upgrade 50% of existing automatic car wash facilities over the course of 2024. Both initiatives provided strong support to the car wash business which posted the highest year-on-year growth among all non-fuel retail verticals in 9M 2024. ADNOC Distribution increased the number of its vehicle inspection centres in the UAE to 34 following an addition of one new centre between end of 9M 2023 and end of 9M 2024. The number of vehicles inspected (fresh tests) in the Company’s vehicle inspection centres increased by 24% in 9M 2024 year-on-year, driven by an increase of the number of vehicle inspection centres, introduction of new services and supported by marketing and promotions. In its property management business, at the end of September 2024 ADNOC Distribution had 1,124 occupied and awarded properties for rent, which implies an increase of 10% or more than 100 units compared to the end of December 2023. Of the new properties, c.60 were new stores, restaurants and car services which started to operate during the first nine months of 2024. They include Burger King restaurants operated by the Company under a franchise model as well as McDonald’s, Dunkin’ Donuts, Domino’s Pizza, Starbucks, as well as pharmacies. ADNOC Distribution aims to add around 20 more stores and restaurants operated by leading international and regional food & beverage brands by the end of the year, including five additional Burger King restaurants operated by the Company, as well as McDonald’s, Starbucks and others. These anchor brands bring additional footfall to ADNOC Distribution service stations and transform them into destinations of choice. 5 | P a g e
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