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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 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

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ADNOC DISTRIBUTION SHAREHOLDERS APPROVE NEW FIVE-YEAR DIVIDEND POLICY AS COMPANY REINFORCES FOCUS ON ACCELERATED GROWTH

• Shareholders approve H2 2023 dividend of AED1.285 billion (10.285 fils per share), bringing 2023 total dividend to AED2.57 billion (20.57 fils per share)

• ADNOC Distribution has provided shareholders with a 90% return on their investment since its initial public offering in 2017
• New five-year dividend policy sets annual dividend of $700 million or a minimum of 75% of net profit, whichever is higher
• Company targets value-accretive domestic and international growth, exploring expansion in new markets

• Company reaffirms commitment to AI & innovation-enabled growth, customer-centricity, and sustainability while evolving into an international multi-energy, convenience and mobility leader

• AI and advanced technology enabled a four-year-high customer convenience store conversion rate of 24.7% and a 10% reduction in carbon emissions of fuel delivery truck operations

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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 reports robust Q1 2024 growth with 18% increase in EBITDA

• EBITDA increases by 18% year-on-year to $248 million and net profit rises to $150 million.
• Year-on-year fuel volumes increase by 17% and non-fuel retail transactions rise by 7%, demonstrating continued momentum across both fuel and non-fuel businesses.
• ADNOC Distribution leverages AI-driven digital innovation to drive value and enhance efficiency, employing predictive fuel demand models, Fill & Go for personalized fueling, and expanding its network of EV charging points.

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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 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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ADNOC DISTRIBUTION ANNOUNCES STRONG PERFORMANCE AND GROWTH IN UNDERLYING PROFITABILITY IN Q1 2023

Net profit excluding inventory movements increased by 5.5% Y-o-Y and 19.4% Q-o-Q to AED 551 million in Q1 2023 driven by higher fuel volumes and company-wide efficiency initiatives

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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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