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Consumer Fuel Convenience

ADNOC Distribution Launches ARIF, an AI-Powered Investor Relations Chatbot

• Chatbot leverages conversational Artificial Intelligence (AI) to enhance investor transparency and engagement, showcasing the Company’s focus on technology-driven innovation
• Named ARIF, the tool gives ADNOC Distribution investors instant, interactive access to accurate financial insights and analysis in English and Arabic
• ARIF is part of a broader strategy to integrate technologies that enhance the customer experience, improve operational efficiency and drive top-line growth.

ADNOC DISTRIBUTION REPORTS RECORD EBITDA FOR FY 2024 AND ACCELERATES OPERATIONAL GROWTH

• Record EBITDA of $1.05 billion, an increase of 4.8% year-on-year
• Non-fuel retail business continues to demonstrate strong results, with double-digit gross profit growth of 12.5% year-on-year
• Record fuel volumes increased 8.7% year-on-year to 15 billion liters
• Accelerated network expansion by adding 59 stations in 2024, including 30 stations under development in Saudi Arabia, driven by the new growth strategy
• Board recommends $350 million dividend equivalent to 10.285 fils per share for the second half of 2024, subject to shareholders’ approval

ADNOC DISTRIBUTION RECORDS DOUBLE-DIGIT EBITDA AND NET PROFIT GROWTH IN Q2 2024

• EBITDA increased by 15.0% year-on-year to $267 million and net profit rose by 12.9% year-on-year (YoY) to $170 million in Q2 2024

• Non-fuel retail gross profit increased by 13.5% year-on-year in Q2 2024, supported by a 10.9% growth in non-fuel transactions and a convenience store conversion rate exceeding 26% for the first time in four years

• The Company’s free cash flow stood in H1 at $488 million, representing 46.7% YoY growth

• Company expects to pay a $350 million dividend for H1 2024 in October, fully covered by the H1 cash flow.

• The company is actively pursuing over 20 innovative AI projects in 2024 and has established partnerships with leading global AI technology firms to maintain its market-leading position

ADNOC DISTRIBUTION BOARD APPROVES $350 MILLION (AED1.285 BILLION) INTERIM CASH DIVIDEND FOR H1 2024

• Interim dividend, equivalent to 10.285 fils per share, to be distributed in October 2024, with September 26, 2024, set as last day for purchasing shares to qualify for payment
• Company’s new five-year dividend policy sets annual dividend of $700 million or minimum of 75% of net profit, whichever is higher, offering improved payback visibility and potential upside from future earnings growth
• Since its IPO in 2017, ADNOC Distribution has consistently delivered attractive shareholder returns, distributing $4.4 billion in dividends including the H1 2024 payout

ADNOC DISTRIBUTION REPORTS RECORD FUEL VOLUMES AND EBITDA FOR FIRST NINE MONTHS OF 2024

• Company reports record EBITDA of $790 million, with net profit reaching $501 million and robust free cash flow of $537 million, underscoring profitability and operational efficiency.
• Delivers record volume of more than 11 billion liters of fuel in the first nine months of 2024, marking a 9.2% year-on-year increase, driven by network expansion, increased mobility and growing contribution from international operations.
• Non-fuel retail gross profit rose by 13.0% year-on-year, bolstered by a 9.4% year-on-year increase in non-fuel retail transactions, supported by the Company’s network expansion and diversification efforts.

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

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

ADNOC Distribution Partners with NWTN to Launch 20 Service Centers for Rabdan Electric Vehicles

• ADNOC Distribution’s network to offer specialized services for NWTN’s UAE-made range-extended electric vehicle (REEV) Rabdan One
• Launch supports Abu Dhabi’s Low-Emission Vehicle Strategy and aligns with the UAE’s goal to increase the number of electric vehicles