ADNOC Distribution is a unique regional investment story with high margins, growth potential and attractive dividend policy.
Here are the key factors that combine to create a compelling investment opportunity:
Leading fuel retail player in an attractive UAE market and robust regulatory framework.
Demonstrable business resilience with stable, high and predictable fuel margins with limited exposure to oil price volatility.
Strong balance sheet with ample liquidity to pursue growth opportunities.
Disciplined approach in evaluating growth opportunities
Executing a focused, deliverable EBITDA profile to exceed USD 1bn by 2023.
Ambitious domestic growth expansion programme via fuel and non-fuel initiatives, with additional international growth opportunity.
Accelerated digital strategy to unlock additional retail value and customer loyalty.
Crystalize hidden value through OPEX initiatives (Targeted additional OPEX savings of ~USD 100m over 2020-2023 compared to 2019).
Attractive Shareholder Returns:
Highly attractive, visible and differentiated dividend policy*.
Dividend track record since IPO.
Significant share liquidity in the offing after Free float doubled to 20%, broadening the Company’s shareholder base and allowing for greater liquidity of its shares on the Abu Dhabi Securities Exchange.
ADNOC a supportive and committed majority shareholder.