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ADNOC Distribution Signs Lubricants Agreement with HPCL of India

Signing reaffirms ADNOC Distribution’s commitment to delivering on its smart growth strategy and expanding the company’s presence internationally

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ADNOC DISTRIBUTION DELIVERS STRONG OPERATING PERFORMANCE AND GROWTH IN UNDERLYING PROFITABILITY IN H1 2023

Underlying EBITDA up by 9% and net profit excluding inventory movements rises over 2% Y-o-Y in H1 2023, driven by higher fuel volumes and efficiency improvements

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ADNOC Distribution Reopens Al Wathba Service Station in Abu Dhabi Emirate

ADNOC Distribution has announced the reopening of its Al Wathba service station following expansion works.

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ADNOC celebrates its HSE Award 2013

ADNOC honored the winners of the 17th edition of ADNOC HSE Award for the year

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ADNOC DISTRIBUTION LAUNCHES VOYAGER LUBRICANTS ON AMAZON

Voyager lubricant passenger and heavy-duty ranges will be available on Amazon.ae

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ADNOC Distribution Hosts IGU Executive Committee Meeting in Abu Dhabi

ADNOC Distribution hosts International Gas Union (IGU) executive committee meeting, under the patronage of the company’s Chief Executive Officer Abdulla Salem Al Dhaheri.

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ADNOC Distribution to hold Investor Day to present new growth strategy

• ADNOC Distribution successfully delivered on a set of critical commitments to the capital markets in 2023, including annual EBITDA over $1 billion
• Company to share strategic growth initiatives to establish itself as a multi-energy, convenience and mobility leader
• ADNOC Distribution’s Board proposes a new dividend policy for 2024-28 setting annual dividend of $700 million or a minimum 75% of net profit, whichever is higher
• Company to host Investor Day in Abu Dhabi on Monday 26th February

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ADNOC DISTRIBUTION REPORTS RECORD $1 BILLION EBITDA IN 2023, DELIVERING ON A KEY CAPITAL MARKETS COMMITMENT


• Company reports Y-o-Y EBITDA growth of 4.6% in 2023, and 15.4% Y-o-Y increase in underlying EBITDA
• ADNOC Distribution surpasses its 2023 target of opening 25-35 new service stations by adding 41 stations to its network
• Fuel volumes sold in GCC countries (UAE and Saudi Arabia) rise 11.8% in 2023, while non-fuel transactions grow by 12.9% Y-o-Y
• Convenience store conversion rate reaches 24.7%, up from 21.7% in 2022, supporting non-fuel gross profit growth of 19.6% Y-o-Y

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ADNOC DISTRIBUTION MARKED A YEAR OF EXPANSION, TRANSFORMATION AND CONTINUED FUEL & RETAIL GROWTH IN 2023

• Company continued network expansion and exceeded its 2023 target to open 25-35 service stations by adding 41 new stations during the year
• Non-fuel retail business delivered approximately 12.9% year-on-year growth in number of transactions and hit a four-year-high convenience store conversion rate of 24.7%
• Company launched first phase of fast and super-fast electric vehicle charging points, reaching over 50 charging points across its UAE service stations network
• First nine ADNOC-branded service stations were launched in Egypt in 2023

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ADNOC DISTRIBUTION TO INSTALL SOLAR PANELS ON SERVICE STATIONS

Solar energy to accelerate the company’s plan to decarbonize operations and reduce carbon intensity by 25% by 2030

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