Salik Company Pjsc · DFM:SALIK
Salik Company Pjsc — Q1 2026 Earnings Presentation
26 slides from Salik Company Pjsc's earnings presentation, May 2026
Slide 1: Q1 2026 Earnings Presentation
Q1 2026 EARNINGS PRESENTATION May 2026
Slide 2: Disclaimer
Disclaimer No statement in document is intended to be nor may be construed as a profit forecast. Any statements made in this document which could be classed as "forward-looking" are based upon various assumptions, including management’s examination of historical operating trends, data contained in t
Slide 3: Key Strategic Highlights
KEY STRATEGIC HIGHLIGHTS Why Salik
Slide 4: The Emirate of Dubai's exclusive toll gate operator
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS The Emirate of Dubai’s exclusive toll gate operator Toll Usage Fees 85.8% 19+ YEARS 100% c. 4.85 MN Fines EXCLUSIVITY # OF REGISTERED 9.5% OPERATIONS SINCE 2007 Revenue IN DUBAI ACTIVE VEHICLES as of and as a standa
Slide 5: Macroeconomic outlook supports Salik's growth
ATTRACTIVE STRATEGIC & SALIK AT A MACRO OUR STRATEGY OPERATIONAL FINANCIAL OUTLOOK STOCK OUR BUSINESS GLANCE HIGHLIGHTS PERFORMANCE MODEL CONDITIONS HIGHLIGHTS Macroeconomic outlook supports Salik’s growth 4.0 million 81% 5.3% Outlook Dubai Population as of Aug Hotel occupancy rate over 2025 UAE GDP
Slide 6: Salik's strategic evolution to becoming a global leader
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS Salik’s strategic evolution to becoming a global leader Salik aspires to Salik’s strategy is focused on 4 key strategic pillars become a global leader in providing sustainable and PILLAR 1 PILLAR 2 PILLAR 3 PILLAR 4
Slide 7: Consistent strategic progress since listing
ATTRACTIVE STRATEGIC & SALIK AT A MACRO OUR STRATEGY OPERATIONAL FINANCIAL OUTLOOK STOCK OUR BUSINESS GLANCE HIGHLIGHTS PERFORMANCE MODEL CONDITIONS HIGHLIGHTS Consistent strategic progress since listing 2022 2023 2024 2025 2026 Variable Pricing Salik and RTA EMEA Finance Dubai Mall Introduced Updat
Slide 8: Financial and operational highlights in Q1 2026
ATTRACTIVE STRATEGIC & SALIK AT A MACRO OUR STRATEGY OPERATIONAL FINANCIAL OUTLOOK STOCK OUR BUSINESS GLANCE HIGHLIGHTS PERFORMANCE MODEL CONDITIONS HIGHLIGHTS Financial and operational highlights in Q1 2026 FINANCIAL OPERATIONAL HIGHLIGHTS HIGHLIGHTS Q1 2026 Q1 2025 Total chargeable trips within th
Slide 9: Key Operational Highlights
KEY OPERATIONAL HIGHLIGHTS 9
Slide 10: Salik's core tolling business demonstrates continued resilience
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS Salik’s core tolling business demonstrates continued resilience Total Trips (mn) Total Chargeable Trips (mn)1,2 -7.7% -6.4% Peak YoY -13.6% YoY -12.1% QoQ QoQ Off Peak 158.0 168.6 145.7 224.3 Past 11.2 17.5 210.8 16
Slide 11: Evolution of quarterly trips by gate
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS Evolution of quarterly trips by gate Quarterly Total Trips (mn) Quarterly Total Trips by Gate (mn) -6.4% Q1 2023 Q1 2024 Q1 2025 Q1 2026 YoY 34.4 210.8 197.2 31.9 30.9 30.1 30.1 29.1 29.1 28.1 8.0 27.2 27.2 7.4 7.9
Slide 12: Variable pricing showed consistency on traffic distribution since implementation
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS Variable pricing showed consistency on traffic distribution since implementation Timing Traffic Distribution in FY24 Based on Fixed Pricing Variable Pricing (4 Dirhams) 52% 52% 54% 53% 54% 52% 40% 37% 37% 36% 36% 36
Slide 13: Providing seamless Parking Payment Solutions through key partnerships
ATTRACTIVE STRATEGIC & SALIK AT A MACRO OUR STRATEGY OPERATIONAL FINANCIAL OUTLOOK STOCK OUR BUSINESS GLANCE HIGHLIGHTS PERFORMANCE MODEL CONDITIONS HIGHLIGHTS Providing seamless Parking Payment Solutions through key partnerships Barrier-free parking payment solution operational since July Salik’s W
Slide 14: Partnerships & multiple recently signed MOUs
ATTRACTIVE STRATEGIC & SALIK AT A MACRO OUR STRATEGY OPERATIONAL FINANCIAL OUTLOOK STOCK OUR BUSINESS GLANCE HIGHLIGHTS PERFORMANCE MODEL CONDITIONS HIGHLIGHTS Partnerships & multiple recently signed MOUs Leveraging Salik’s comprehensive database by sending timely reminders for motor insurance renew
Slide 15: Key Financial Highlights
Why Salik KEY FINANCIAL HIGHLIGHTS
Slide 16: Resilient profitability in Q1 2026 despite softer traffic and revenue trends
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS Resilient profitability in Q1 2026 despite softer traffic and revenue trends Revenue Total Chargeable Trips (mn) 1,2 -3.0% YoY Peak -13.6% QoQ AED Million Off Peak 168.6 145.7 17.5 751.6 728.9 16.2 Past 91.1 Midnigh
Slide 17: Streamlined business model
ATTRACTIVE STRATEGIC & SALIK AT A MACRO OUR STRATEGY OPERATIONAL FINANCIAL OUTLOOK STOCK OUR BUSINESS GLANCE HIGHLIGHTS PERFORMANCE MODEL CONDITIONS HIGHLIGHTS Streamlined business model Depreciation, Amortization Total Revenue - Operating Costs = EBITDA - & Net Finance Costs = PBT - Income Tax = Ne
Slide 18: Defensive revenue supported by diversified streams
ATTRACTIVE STRATEGIC & SALIK AT A MACRO OUR STRATEGY OPERATIONAL FINANCIAL OUTLOOK STOCK OUR BUSINESS GLANCE HIGHLIGHTS PERFORMANCE MODEL CONDITIONS HIGHLIGHTS Defensive revenue supported by diversified streams -3.0% YoY -11.3% QoQ 821.9 775.7 751.6 747.7 24.1 728.9 18.5 73.8 17.5 20.1 34.3 65.9 68.
Slide 19: Q1 2026 demonstrates EBITDA strength with 69.6% margin
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS Q1 2026 demonstrates EBITDA strength with 69.6% margin EBITDA Evolution (AED million) EBITDA (AED million) Margins since 2023 reflect 76.1% 65.9% 68.9% 69.2% Salik’s new cost profile as a 69.1% Margin 69.6% concessi
Slide 20: Sustained Q1 2026 net profit as margin improves to 50.7%
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS Sustained Q1 2026 net profit as margin improves to 50.7% Net Profit Evolution (AED million) Net Profit (AED million) Margins since 2023 54.2% Margin Net Profit margin before tax 55.7% reflect Salik’s new cost 70.1%
Slide 21: Strong cash generation with positive working capital
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS Strong cash generation with positive working capital Free cash flow evolution (AED million) Free cash flow bridge Q1 2026 (AED million) 79.9% 68.7% 63.6% 67.1% 69.6% Margin 87.3% +42.7% YoY 83.4% 87.3% 9.4 0.0 0.3 6
Slide 22: Healthy balance sheet with conservative leverage of 1.98x EBITDA
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS Healthy balance sheet with conservative leverage of 1.98x EBITDA Total Borrowings2 (AED, mn) Net Debt < 5x Covenant Strong credit ratings 1,836.9 5,832.9 3,996.0 A3 AED 4.2 bn Reaffirmation of Long-Term Issuer LT Bo
Slide 23: Outlook
OUTLOOK ef eu Salik
Slide 24: FY 2026 Guidance
ATTRACTIVE STRATEGIC & SALIK AT A MACRO OUR STRATEGY OPERATIONAL FINANCIAL OUTLOOK STOCK OUR BUSINESS GLANCE HIGHLIGHTS PERFORMANCE MODEL CONDITIONS HIGHLIGHTS FY 2026 Guidance FY 2026 guidance has been revised to reflect the impact on traffic trends driven by recent geopolitical events FY 2026 FY 2
Slide 25: Concluding remarks – Q1 2026 Resilient Performance and Strategic Momentum
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS Concluding remarks – Q1 2026 Resilient Performance and Strategic Momentum Sole toll-gate Stable earnings with Chargeable trips and Ancillary revenue FY 2026 guidance operator in Dubai, EBITDA margin of toll revenues
Slide 26: Thank You
THANK YOU For enquiries, please contact Investor Relations: Wassim El Hayek Head of Investor Relations E: wassim.elhayek@salik.ae