Transforming Mobility:
Delivering on promises and
future proofing our business
ADNOC Distribution is the leading fuel distributor and
convenience store operator, and the number one retail
and wholesale fuel brand in the United Arab Emirates.
ADNOC Distribution
at a glance
ADNOC Distribution is the leading fuel distributor and convenience store operator,
and the number one retail
and wholesale fuel brand in the United Arab Emirates.
As of 31 December 2022
502
Retail fuel stations
in UAE
66
Retail fuel stations
in Saudi Arabia
million
362
Convenience stores
in UAE
billion liters
9.9
Fuel volume
million
217
Fuel and non-fuel
transactions
YEAR
IN REVIEW
Accelerating execution of our Smart Growth Strategy, bringing enhanced customer experience and delivering attractive shareholder return.
42
New stations opened
in UAE
million
26
New stations opened
in Saudi Arabia
50%
Stake in TotalEnergies Marketing
Egypt acquired*
million
42
ADNOC convenience stores
refurbished in the UAE
million
1.6
Members in ADNOC Rewards
loyalty program
AED million
25
Countries to which ADNOC
Voyager lubricants are exported
AED billion
2.57
Declared Dividend for 2022
* Transaction completed in Q1 2023
Driving growth, delivering
excellence and attractive
shareholder returns
Sustained leadership in
the UAE fuel distribution
market, continued
execution momentum and
an ambitious international
expansion plan.
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CHAIRMAN’S
MESSAGE
AED billion
3.52
EBITDA in 2022
AED billion
2.75
Net Profit in 2022
A Year of Delivery
and Growth
The journey of ADNOC Distribution in 2022 was one powered by growth and the realization of the company’s vision to venture beyond our borders into new markets. It is one that has also resulted in a heightened awareness of how closely intertwined our interests are with those of the future as we started along the path of building a more resilient business model which focuses increasingly on sustainability.
H.E. Dr. Sultan Ahmed Al Jaber Chairman
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MESSAGE
8%
Year-on-year increase in
retail fuel volumes in 2022
42
New service stations added
in UAE in 2022
ACHIEVING NEW MILESTONES
AND GROWING OUR GLOBAL PRESENCE
In 2022, ADNOC Distribution successfully navigated global challenges thanks in large part to our team’s commitment to strategic and innovative solutions. As a result, 2022 became a year of tremendous opportunity in which we were able to pivot from a domestic, regional leader to start building the foundations for becoming a global fuel retailer.
Engr. Bader Saeed Al Lamki Chief Executive Officer
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Robust operational &
financial performance
Delivered strong earnings, while maintained robust
financial position.
REVIEW
FINANCIAL
HIGHLIGHTS
Record-breaking financial results and cash flows in 2022.
million liters
9,867
Total fuel volumes
AED million
32,111
Revenue
AED million
5,668
Gross Profit
AED million
3,517
EBITDA
AED million
2,749
Net Profit
AED million
3,391
Free Cash Flows(1)
(1) Free cash flow is defined as net cash generated from operating activities less payments for
purchase of property, plant & equipment and advances to contractors
A leading fuel distributor
and convenience store
operator in the UAE
ADNOC Distribution’s business is segregated
into Retail (B2C) and Commercial (B2B).
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Committed to
achieve growth in
a sustainable manner
ADNOC Distribution places sustainability at the
heart of its day-to-day operations.
AND GOVERNANCE REVIEW
Strong financial
position
Reports and consolidated financial
statements for the year ended
31 December 2022.
Statements