Abu Dhabi National Oil Company For Distribution · ADX:ADNOCDIST
Abu Dhabi National Oil Company For Distribution — ADNOC Distribution — Q1 2023 Earnings Presentation
23 slides from Abu Dhabi National Oil Company For Distribution's earnings presentation, May 15, 2023
Slide 1: Q1 2023 Results Presentation
ADNOC Classification: Public Q1 2023 RESULTS PRESENTATION INVESTOR & ANALYST CONFERENCE CALL 15 May 2023 ADNOC DISTRIBUTION
Slide 2: Agenda
ADNOC Classification: Public AGENDA 01 EXECUTIVE SUMMARY 02 STRATEGY UPDATE 03 Q1 2023 RESULTS 04 CLOSING REMARKS 2 ADNOC DISTRIBUTION
Slide 3: Disclaimer
ADNOC Classification: Public DISCLAIMER This communication includes forward-looking statements which relate to, among other things, our plans, objectives, goals, strategies, future operational performance and anticipated developments in markets in which operate and in which we may operate in the fut
Slide 4: Executive Summary
ADNOC Classification: Public 01 EXECUTIVE SUMMARY SPEAKER: ATHMANE BENZERROUG CHIEF STRATEGY, SUSTAINABILITY & TRANSFORMATION OFFICER ADNOC DISTRIBUTION
Slide 5: ADNOC Distribution Unique Value Proposition
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q1 2023 Financial Results Closing Remarks Appendix ADNOC DISTRIBUTION UNIQUE VALUE PROPOSITION FOCUS ON DELIVERING OFFERING ATTRACTIVE CASHFLOW VISIBILITY & SMART GROWTH AND VISIBLE STRONG BALANCE SHEET
Slide 6: Future Proofing Our Business
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q1 2023 Financial Results Closing Remarks Appendix FUTURE PROOFING OUR BUSINESS Growing while transforming with a focus on sustainability Decarbonization roadmap and Sustainability E2GO JV: Pursing leade
Slide 7: Offering Attractive and Visible Shareholder Returns
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q1 2023 Financial Results Closing Remarks Appendix OFFERING ATTRACTIVE AND VISIBLE SHAREHOLDER RETURNS Min. Min. 75% (2) $700m $700m $700m $700m(2) payout H2 2022 dividend of $350 million paid in April $
Slide 8: Q1 23 Key Achievements & 2023 Outlook
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q1 2023 Financial Results Closing Remarks Appendix Q1 23 KEY ACHIEVEMENTS & 2023 OUTLOOK Positive volume and underlying earnings, coupled with robust cash generation Network expansion, strong volume Posi
Slide 9: Growth Strategy Update
ADNOC Classification: Public 02 GROWTH STRATEGY UPDATE SPEAKER: BADER SAEED AL LAMKI CHIEF EXECUTIVE OFFICER ADNOC DISTRIBUTION
Slide 10: Key Strategic Update: Fuel Business
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q1 2023 Financial Results Closing Remarks Appendix KEY STRATEGIC UPDATE Fuel business Highest Q1 fuel volumes ever recorded in the UAE and KSA after 8% growth year-on-year (2.65bn liters sold) ✓ Retail f
Slide 11: Key Strategic Update: Non-Fuel Retail Business
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q1 2023 Financial Results Closing Remarks Appendix KEY STRATEGIC UPDATE Non-fuel retail business NFR segment continues to deliver growth across the board: ✓ Non-fuel gross profit up by 8.7% Y-o-Y in Q1 2
Slide 12: Key Strategic Update: Customer Experience and Loyalty
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q1 2023 Financial Results Closing Remarks Appendix KEY STRATEGIC UPDATE Enhancing customer experience and loyalty through innovation and personalized rewarding experience Industry Leading Innovations Hyp
Slide 13: Q1 2023 Results
ADNOC Classification: Public 03 Q1 2023 RESULTS SPEAKER: WAYNE BEIFUS CHIEF FINANCIAL OFFICER ADNOC DISTRIBUTION
Slide 14: Operating Performance
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q1 2023 Financial Results Closing Remarks Appendix OPERATING PERFORMANCE Strong performance driven by volume and number of transactions Q1 2023 million liters Q1 2023 Q1 2022 Y-o-Y (%) Retail (B2C) 1,746
Slide 15: Financial Performance
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q1 2023 Financial Results* Closing Remarks Appendix FINANCIAL PERFORMANCE Positive underlying financial performance Q1 2023 $m Q1 2023 Q1 2022 Y-o-Y (%) Revenue 2,178 1,834 18.7% $211 million Gross profi
Slide 16: Gross Profit by Segment
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q1 2023 Financial Results* Closing Remarks Appendix GROSS PROFIT BY SEGMENT $m Q1 2023 Q1 2022 Y-o-Y (%) Q1 2023 gross profit split Retail (B2C) 266 283 -6.1% of which fuel 219 240 -8.7% Commercial of wh
Slide 17: OPEX Update
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q1 2023 Financial Results* Closing Remarks Appendix OPEX UPDATE Committed to operational excellence Others1 15% Utilities 7% Distribution 1% Q1 2023 cash OPEX split ($141m) & marketing 9% Repairs, 70% St
Slide 18: EBITDA by Segment
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q1 2023 Financial Results* Closing Remarks Appendix EBITDA BY SEGMENT $m Q1 2023 Q1 2022 Y-o-Y (%) Q1 2023 EBITDA split Retail (B2C) 148 163 -9.0% Retail margin, % 10.4% 13.0% Commercial (B2B) - Aviation
Slide 19: Net debt / EBITDA 0.78x
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q1 2023 Financial Results* Closing Remarks Appendix Net debt / USD 342m of net cash 1.06x EBITDA 0.78x generated from operating activities -57 127 -149 215 4 -26 -350 748 513 Cash at Cash flow from Worki
Slide 20: Closing Remarks
ADNOC Classification: Public 04 CLOSING REMARKS SPEAKER: BADER SAEED AL LAMKI CHIEF EXECUTIVE OFFICER ADNOC DISTRIBUTION
Slide 21: Closing Remarks
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q1 2023 Financial Results Closing Remarks Appendix CLOSING REMARKS Key priorities: Accelerate sustainable growth and deliver incremental shareholder value Execute on our Deliver sustainable Attractive sh
Slide 22: Q&A
ADNOC Classification: Public Q&A Bader Saeed Al Lamki Wayne Beifus Athmane Benzerroug Chief Executive Officer Chief Financial Officer Chief Strategy, Sustainability & Transformation Officer ADNOC ADNOCDISTRIBUTION Distribution
Slide 23: Thank You
ADNOC DISTRIBUTION Q1 2023 RESULTS PRESENTATION INVESTOR AND ANALYST CONFERENCE CALL 15 MAY 2023 IR@ADNOCDISTRIBUTION.AE THANK YOU ADNOC DISTRIBUTION