Adnoc Drilling Company Pjsc · ADX:ADNOCDRILL
Adnoc Drilling Company Pjsc — Q3 2025 Earnings Presentation
20 slides from Adnoc Drilling Company Pjsc's earnings presentation, Oct 28, 2025
Slide 1: Third Quarter 2025 Results Presentation
THIRD QUARTER 2025 RESULTS PRESENTATION October 28, 2025 1
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by ADNOC Drilling Company PJSC (the “Company”) based on publicly available information and non-public information to assist you in making a preliminary analysis of the content referenced herein solely for informational purposes. It should not be constru
Slide 3: Strong Financial and Operational Delivery
STRONG FINANCIAL AND OPERATIONAL DELIVERY GROWTH ACROSS KEY FINANCIAL AND OPERATIONAL METRICS, LEAD TO GUIDANCE UPGRADE 9M 2025 - Highlights ADNOC Majlis3 Milestones Top-line growth +27% YoY Highlights 1481 rigs New Dividend Policy till 2030 Revenue to $3.63bn +81 rigs YoY 2025 dividend floor at $1b
Slide 4: Sustaining Growth with New Venues
SUSTAINING GROWTH WITH NEW VENUES DE-RISKED, VALUE ACCRETIVE REGIONAL EXPANSION AT ATTRACTIVE VALUATIONS Enersol Unconventional Resources Regional Expansion • Acquired four companies, cumulative total • At quarter end, 82 wells of the 144 wells • ADNOC Drilling will acquire 70%3 stake in investment
Slide 5: Expanding Operations – Middle East's Largest Fleet
EXPANDING OPERATIONS – MIDDLE EAST’S LARGEST FLEET KEY OPERATIONAL HIGHLIGHTS Owned Rigs Drilling Average Durations (Days) Commentary Onshore Offshore Onshore Offshore › Fleet count at 1482 rigs. Rig availability 1492 1482 95 1401 at 97% in 2Q25. 86 81 47 48 45 › The two jack-up rigs that entered th
Slide 6: Financial Highlights
FINANCIAL HIGHLIGHTS ADNOC DRILLING
Slide 7: Financial Highlights
FINANCIAL HIGHLIGHTS 3Q 2025 DELIVERED GROWTH ACROSS EVERY FINANCIAL METRIC, MAINTAINING SOLID BALANCE SHEET Revenue ($ Million) EBITDA ($ Million) Net Income ($ Million) % growth % growth % growth 23% 5% 10% 3% 10% 368 5% 368 1,260 1,260 335 351 1,197 560 560 545 1,026 510 3Q24 3Q25 2Q25 3Q25 3Q24
Slide 8: Segmental Revenue
SEGMENTAL REVENUE YEAR-ON-YEAR GROWTH ACROSS ALL SEGMENTS Onshore ($ Million) Offshore ($ Million) Oilfield Services ($ Million) % growth % growth % growth 5% 512 513 0% 512 487 7% 8% 94% 383 10% 383 365 365 347 342 337 197 3Q24 3Q25 2Q25 3Q25 3Q24 3Q25 2Q25 3Q25 3Q24 3Q25 2Q25 3Q25 › Third quarter
Slide 9: EBITDA Generation
EBITDA GENERATION INDUSTRY-LEADING MARGINS Onshore ($ Million) Offshore ($ Million) Oilfield Services ($ Million) % growth % growth % growth 67 67 5% 260 -2% 4% 3% 72% 29% 241 254 254 230 239 233 239 52 39 3Q24 3Q25 2Q25 3Q25 3Q24 3Q25 2Q25 3Q25 3Q24 3Q25 2Q25 3Q25 › Third quarter EBITDA increased 5
Slide 10: Upsizing of Guaranteed & Progressive Dividends
UPSIZING OF GUARANTEED & PROGRESSIVE DIVIDENDS AT LEAST $1B IN 2025 DIVIDENDS, COMPOUNDING 5%+ YEARLY TO $6.8B+ BY 2030 UPGRADED DIVIDEND POLICY On October 8, 2025, the Board of Directors proposed to the next Annual General Assembly an upgrade to the ADNOC Drilling’s progressive dividend policy. Acc
Slide 11: Strong 9M25 Leads to Guidance Upgrade
STRONG 9M25 LEADS TO GUIDANCE UPGRADE FY2025 REVENUE AND NET INCOME EXPECTED TOWARDS TOP-END OF GUIDANCE, WITH EBITDA AT ~$2.2BN FY 2025 Previous FY 2025 Upgraded (USD, Billion) Guidance Guidance Medium-Term Guidance 4.65 - 4.80 4.75 - 4.85 Expected towards Revenue top-end • FY26 revenue expected at
Slide 12: Closing Remarks
CLOSING REMARKS ADNOC DRILLING
Slide 13: Closing Remarks
CLOSING REMARKS Record 9M 2025 results, Upgraded dividend policy, Domestic and international Delivering on our ESG leading to another guidance 3Q25 dividend approved, to markets underpins future agenda by pursuing upgrade be paid in 2H November drilling and OFS growth ambitious goals Gearing Up for
Slide 14: Appendix
APPENDIX ADNOC DRILLING
Slide 15: We Continue to Pursue Ambitious ESG Goals
WE CONTINUE TO PURSUE AMBITIOUS ESG GOALS ESG FRAMEWORK & PERFORMANCE HIGHLIGHTS Climate, Emissions and Energy Economic and Social Contribution Health, Safety and Security • GHG emission reduction abatement at 4.2 • Economic performance improved with the • TRIR at 0.59 for 9M 2025 KtCO2e for 9M 2025
Slide 16: Strong Cashflow & Balance Sheet
STRONG CASHFLOW & BALANCE SHEET HEALTHY CASH POSITION WITH AMPLE LIQUIDITY TO POWER RIG FLEET GROWTH Net Cash from Operating Activities ($ Million) Commentary Cash from Operating Activities 340 667 › Cash from operating activities stood at $667 million in (3) (24) 3Q25 › Net profit increased 10% YoY
Slide 17: CapEx & Working Capital
CAPEX & WORKING CAPITAL CapEx1 ($ Million) Commentary % revenue CapEx › 3Q25 CapEx including prepayments and accruals 20% 13% 6% amounted to $72 million › ADNOC Drilling expects CapEx to be in a range between $0.45 - $0.55 billion for 2025 234 157 72 3Q24 2Q25 3Q25 Operating Working Capital ($ Milli
Slide 18: Financial Summary
FINANCIAL SUMMARY (USD, Million) 3Q25 3Q24 YoY 2Q25 QoQ 9M25 9M24 YoY Revenue 1,260 1,026 23% 1,197 5% 3,626 2,847 27% Opex1 703 (518) 36% (663) 6% (2,005) (1,433) 40% Share of profit of joint ventures2 3 2 50% 11 -73% 17 5 240% EBITDA3 560 510 10% 545 3% 1,638 1,419 15% Depreciation and amortizatio
Slide 19: Segmental Results P&L Summary
SEGMENTAL RESULTS P&L SUMMARY (USD, Million) 3Q25 3Q24 YoY 2Q25 QoQ Revenue 1,260 1,026 23% 1,197 5% Onshore 512 487 5% 513 0% Offshore 365 342 7% 337 8% Oilfield Services (OFS) 383 197 94% 347 10% Total OPEX1 (703) (518) 36% (663) 6% Onshore (258) (246) 5% (256) 1% Offshore (126) (112) 13% (104) 21
Slide 20: Thank You
www.adnocdrilling.ae ir@adnocdrilling.ae THANK YOU ADNOC DRILLING
ADNOC Drilling Company PJSC — Q3 2025 Earnings Presentation on 6ix