30 slides from Abu Dhabi National Oil Company For Distribution's earnings presentation, May 13, 2026
Slide 1: Q1 2026 Results Presentation
Q1 2026 RESULTS PRESENTATION 13 May 2026 ADNOC DISTRIBUTION
Slide 2: Agenda
Agenda 01 02 03 04 KEY ACHIEVEMENTS GROWTH Q1 2026 CLOSING AND OUTLOOK STRATEGY UPDATE RESULTS REMARKS ————————— ————————— ————————— ————————— 2 © ADNOC Distribution
Slide 3: Disclaimer
Disclaimer This communication includes statements that are, or may be deemed to be, "forward looking statements". These forward-looking statements can be identified by the use of forward- looking terminology, including the terms "believes", "estimates", "anticipates", "targets", "forecasts", "projec
Slide 4: Key Achievements and Outlook
KEY ACHIEVEMENTS 01 Bader Saeed Al Lamki Chief Executive Officer
Slide 5: Q1 2026 delivers across all metrics – double-digit earnings growth, record ROCE
Key Achievements & Outlook Strategy Update Q1 2026 Financial Results Closing Remarks Appendix Q1 2026 delivers across all metrics – double-digit earnings growth, record ROCE, and 2026 targets on track Operational resilience Growth YoY and efficiency Outlook Zero +12% EBITDA 2026 targets reaffirmed:
Slide 6: Growth Strategy Update
02 GROWTH STRATEGY UPDATE Athmane Benzerroug Bader Saeed Al Lamki Chief Strategy, Transformation Chief Executive Officer & Sustainability Officer
Slide 7: Core fuel platform continues to deliver resilient volume growth
Key Achievements & Outlook Strategy Update Q1 2026 Financial Results Closing Remarks Appendix Core fuel platform continues to deliver resilient volume growth in Q1 2026 +2 new stations UAE: +1, Egypt: +1 ————————————— Contracted 20 stations in KSA Under CAPEX-light DOCO(1) model, KSA pipeline unlock
Slide 8: Future-proofing: 400 charging points, 2.1x energy uplift
Key Achievements & Outlook Strategy Update Q1 2026 Financial Results Closing Remarks Appendix Future-proofing: 400 charging points, 2.1x energy uplift confirm demand pull at scale Disciplined roll-out 1.4X growth(1) to 400 EV charging points installed across our network in strategic locations in the
Slide 9: NFR momentum reinforcing diversification – focus on high-margin products
Key Achievements & Outlook Strategy Update Q1 2026 Financial Results Closing Remarks Appendix NFR momentum reinforcing diversification – focus on high-margin products +2.5% non-fuel transactions supported by higher # of fuel transactions, higher conversion rate from fuel to non-fuel, new offerings i
Slide 10: Non-fuel retail: significant NFR earnings upside versus global peers
Key Achievements & Outlook Strategy Update Q1 2026 Financial Results Closing Remarks Appendix Non-fuel retail: significant NFR earnings upside versus global peers Our NFR strategy is delivering above industry …but at 20% NFR contribution, the most compelling average NFR gross profit growth… chapter
Slide 11: Non-fuel retail: increased focus on C-store growth through AI-driven personalization
Key Achievements & Outlook Strategy Update Q1 2026 Financial Results Closing Remarks Appendix Non-fuel retail: increased focus on C-store growth through AI- driven personalization, category management and OASIS brand refresh – adds a new growth lever Reinventing C-store experience Q1 2026 C-store co
Slide 12: Non-fuel retail: elevating the car care customer proposition
Key Achievements and Outlook Strategy Update Q1 2026 Financial Results Closing Remarks Appendix Non-fuel retail: elevating the car care customer proposition Create a one-stop car care destination by leveraging the strong footprint of car wash, lube change and vehicle inspection centers to enhance th
Slide 13: Non-fuel retail: Real estate monetization transforming stations into destinations
Key Achievements and Outlook Strategy Update Q1 2026 Financial Results Closing Remarks Appendix Non-fuel retail: Real estate monetization transforming stations into destinations 1,163 occupied/awarded properties at the end of Q1 2026 with an increased focus on Food & Beverage outlets ————————————— 1
Slide 14: ADNOC Rewards loyalty programme scales into a proprietary data platform
Key Achievements & Outlook Strategy Update Q1 2026 Financial Results Closing Remarks Appendix ADNOC Rewards loyalty programme(1) scales into a proprietary data and engagement platform 2.7 million ADNOC Rewards members sustaining durable competitive advantage ————————————— +14% year-on-year increase
Slide 15: 20+ AI use cases act as structural drivers of growth, efficiency and returns
Key Achievements & Outlook Strategy Update Q1 2026 Financial Results Closing Remarks Appendix 20+ AI use cases act as structural drivers of growth, efficiency and returns Driving growth by increasing revenue potential across business lines through data-driven improvements (e.g., AI-driven smart asso
Slide 16: Sustainability as a value driver on track for 25% carbon intensity reduction
Key Achievements & Outlook Strategy Update Q1 2026 Financial Results Closing Remarks Appendix Sustainability as a value driver on track for 25% carbon intensity reduction while lowering energy and fleet operating costs 25% carbon intensity(1) reduction on track to achieve by 2030 vs. 2021 baseline —
Slide 17: Q1 2026 Results
Q1 2026 RESULTS 03 Ali Siddiqi Acting Chief Financial Officer
Slide 18: Q1 2026: double-digit EBITDA and net profit growth
Key Achievements & Outlook Strategy Update Q1 2026 Financial Results Closing Remarks Appendix Q1 2026: double-digit EBITDA and net profit growth Delivering one of the highest quarterly earnings on record EBITDA and underlying EBITDA(1), $m Net profit, $m ———————————————————— ———————————————————— +12
Slide 19: Resilient operating performance
Key Achievements & Outlook Strategy Update Q1 2026 Financial Results Closing Remarks Appendix Resilient operating performance Sustained growth across all business verticals: fuel and non-fuel retail Fuel volumes, m liters Fuel transactions, UAE, m Non-fuel transactions, UAE, m ————————————— ————————
Slide 20: Q1 2026 gross profit by operating segment
Key Achievements & Outlook Strategy Update Q1 2026 Financial Results Closing Remarks Appendix Q1 2026 gross profit by operating segment Aviation +13% total GP despite lower inventory gains 7% ————————————— +3% fuel retail GP Corporate (B2B) driven by consistent volume growth 24% ————————————— +10% N
Slide 21: Q1 2026 OPEX and efficiency improvement
Key Achievements & Outlook Strategy Update Q1 2026 Financial Results Closing Remarks Appendix Q1 2026 OPEX and efficiency improvement Other(2) Staff costs +6% cash OPEX 17% reflecting corresponding retail business growth ————————————— Utilities ~$26 million 8% like-for-like OPEX savings in 2024-26 4
Slide 22: Q1 2026 EBITDA by operating segment
Key Achievements & Outlook Strategy Update Q1 2026 Financial Results Closing Remarks Appendix Q1 2026 EBITDA by operating segment Unallocated(2) +12% EBITDA Aviation driven by growth across all businesses, Corporate 11% Retail despite lower impact of inventory gains (B2B) (B2C) ————————————— +4% ret
Slide 23: Q1 2026 cash generation
Key Achievements & Outlook Strategy Update Q1 2026 Financial Results Closing Remarks Appendix Q1 2026 cash generation $280 million free cashflow before the effect of - 243 327 working capital changes ————————————— - 48 - 32 0 $700 million(1) 2026 dividend supported by visibility in cash generation —
Slide 24: Closing Remarks
CLOSING REMARKS 04 Bader Saeed Al Lamki Chief Executive Officer
Slide 25: A resilient and diversified growth platform delivering attractive shareholder returns
Key Achievements & Outlook Strategy Update Q1 2026 Financial Results Closing Remarks Appendix A resilient and diversified growth platform delivering visible and attractive shareholder returns Strong Q1 2026 delivery Efficient capital allocation A unique equity value proposition and attractive distri
Slide 26: Q&A
Key Achievements & Outlook Strategy Update Q1 2026 Financial Results Closing Remarks Appendix Q&A Bader Saeed Al Lamki Ali Siddiqi Athmane Benzerroug Chief Executive Officer Acting Chief Financial Chief Strategy, Transformation Officer & Sustainability Officer 26 © ADNOC Distribution
Slide 27: ADNOC Distribution Q1 2026 Results Presentation
ADNOC DISTRIBUTION Q1 2026 RESULTS PRESENTATION IR@ADNOCDISTRIBUTION.AE
Slide 28: Operating performance
Key Achievements & Outlook Strategy Update Q1 2026 Financial Results Closing Remarks Appendix Operating performance million liters Q1 2026 Q1 2025 YoY (%) Q1 2026 3.82bn Retail (B2C) 2,690 2,594 3.7% Commercial (B2B) 1,125 1,132 -0.6% Fuel volumes liters fuel volume of which Corporate 974 1,025 -5.0
Slide 29: Financial performance
Key Achievements & Outlook Strategy Update Q1 2026 Financial Results Closing Remarks Appendix Financial performance $m Q1 2026 Q1 2025 YoY (%) Q1 2026 Revenue Gross profit 2,405 496 2,307 440 4.3% 12.7% $307m EBITDA Gross margin, % 20.6% 19.1% Financial EBITDA 307 275 11.7% performance EBITDA margin
Slide 30: Investor relations resources
Key Achievements & Outlook Strategy Update Q1 2026 Financial Results Closing Remarks Appendix Investor relations resources Contact us at: 2025 Your Feedback Annual Integrated Report Matters! ir@adnocdistribution.ae or ask ARIF, your Investor Relations AI assistant Available in multi-languages, inclu