28 slides from Abu Dhabi National Oil Company For Distribution's earnings presentation, Nov 11, 2022
Slide 1: Q3 2022 Results Presentation
ADNOC Classification: Public Q3 2022 RESULTS PRESENTATION INVESTOR & ANALYST CONFERENCE CALL 11 November 2022 ADNOC DISTRIBUTION
Slide 2: Agenda
ADNOC Classification: Public AGENDA 01 EXECUTIVE SUMMARY 02 STRATEGY UPDATE 03 Q3 2022 RESULTS 04 CLOSING REMARKS 2 ADNOC DISTRIBUTION | Q3 2022 RESULTS
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 INVESTOR RELATIONS OFFICER ADNOC DISTRIBUTION
Slide 5: Q3 2022 Key Highlights & Outlook
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q3 2022 Financial Results Closing Remarks Appendix Q3 2022 KEY HIGHLIGHTS & OUTLOOK Growth momentum is expected to sustain over Q4 2022 and beyond, after strong 9M results Robust financial and operationa
Slide 6: ADNOC Distribution Sustainability Strategic Framework
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q3 2022 Financial Results Closing Remarks Appendix ADNOC DISTRIBUTION SUSTAINABILITY STRATEGIC FRAMEWORK Our Sustainability Strategic Framework is based on six pillars CLIMATE, EMISSIONS LOCAL ECONOMIC &
Slide 7: Growth Strategy Update
ADNOC Classification: Public 02 GROWTH STRATEGY UPDATE SPEAKER: BADER SAEED AL LAMKI CHIEF EXECUTIVE OFFICER ADNOC DISTRIBUTION
Slide 8: Key Strategic Update: Fuel Business
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q3 2022 Financial Results Closing Remarks Appendix KEY STRATEGIC UPDATE Fuel Business ● Q3 2022 fuel volumes up 2% y-o-y Retail fuel volumes down 2% y-o-y Commercial volumes up 11% y-o-y ● Momentum i
Slide 9: Key Strategic Update: Non-Fuel Retail Business
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q3 2022 Financial Results Closing Remarks Appendix KEY STRATEGIC UPDATE Non-Fuel Retail business ● Growth momentum of Non-fuel retail business sustained in in Q3 2022 Transactions increased by 17% y-o-
Slide 10: Key Strategic Update: ADNOC Rewards
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q3 2022 Financial Results Closing Remarks Appendix KEY STRATEGIC UPDATE Enhancing customer experience and loyalty through ADNOC Rewards program and marketing promotions As of Q3 2022: Over 1.5 MILLION Ov
Slide 11: Q3 2022 Results
ADNOC Classification: Public 03 Q3 2022 RESULTS SPEAKER: WAYNE BEIFUS CHIEF FINANCIAL OFFICER ADNOC DISTRIBUTION
Slide 12: Financial Performance
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q3 2022 Financial Results Closing Remarks Appendix FINANCIAL PERFORMANCE Robust financial performance Q3 2022 $m Q3 2022 Q3 2021 YoY (%) 9M 2022 9M 2021 YoY (%) Revenue 2,328 1,470 58.4% 6,514 4,002 62.8
Slide 13: Operating Performance
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q3 2022 Financial Results Closing Remarks Appendix OPERATING PERFORMANCE Robust performance driven by volume growth Q3 2022 Million liters Q3 2022 Q3 2021 YoY (%) 9M 2022 9M 2021 YoY (%) Retail (B2C) 1,5
Slide 14: Gross Profit by Segment
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q3 2022 Financial Results Closing Remarks Appendix GROSS PROFIT BY SEGMENT $m Q3 2022 Q3 2021 YoY (%) 9M 2022 9M 2021 YoY (%) Retail (B2C) 276 225* 22.8% 900 703* 27.9% Of which Fuel 232 184* 26.3% 770 5
Slide 15: EBITDA by Segment
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q3 2022 Financial Results Closing Remarks Appendix EBITDA BY SEGMENT $m Q3 2022 Q3 2021 YoY (%) 9M 2022 9M 2021 YoY (%) Retail (B2C) 170 132 28.6% 544 406 34.2% Retail Margin 10.7% 12.4% 12.4% 14.3% Comm
Slide 16: Opex Update
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q3 2022 Financial Results Closing Remarks Appendix OPEX UPDATE Committed to operational excellence Others1 Utilities 12% 9% Distribution 3% 9M 2022 Cash OPEX Split ($438m) & Marketing Repairs, 8% 68% Sta
Slide 17: Robust Cash Position
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q3 2022 Financial Results Closing Remarks Appendix ROBUST CASH POSITION Net debt / USD 813m of net cash 1.06x generated from operating 0.68x EBITDA activities 29 -200 11 -71 784 -350 817 614 Cash at Dec
Slide 18: Closing Remarks
ADNOC Classification: Public 04 CLOSING REMARKS SPEAKER: BADER SAEED AL LAMKI CHIEF EXECUTIVE OFFICER ADNOC DISTRIBUTION
Slide 19: Closing Remarks
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q3 2022 Financial Results Closing Remarks Appendix CLOSING REMARKS Key priorities: Accelerate sustainable growth and shareholder value Executing on our Strong Financial Committed to deliver growth commit
Slide 20: Q&A
ADNOC Classification: Public Q&A Bader Saeed Al Lamki Wayne Beifus Athmane Benzerroug Chief Executive Officer Chief Financial Officer Chief Investor Relations Officer ADNOC ADNOCDISTRIBUTION Distribution
Slide 21: Thank You
ADNOC DISTRIBUTION Q3 RESULTS PRESENTATION INVESTOR AND ANALYST CONFERENCE CALL 11 NOVEMBER 2022 IR@ADNOCDISTRIBUTION.AE THANK YOU ADNOC DISTRIBUTION
Slide 22: Appendix
ADNOC Classification: Public 05 APPENDIX ADNOC DISTRIBUTION
Slide 23: Change in Financial Presentation
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q3 2022 Financial Results Closing Remarks Appendix Change in Financial presentation To ensure robust reporting and fair representation of operating expenses, during Q3 2022 ADNOC Distribution reclassifie
Slide 24: ADNOC Distribution in Numbers – 9M 2022
ADNOC Classification: Public ADNOC DISTRIBUTION IN NUMBERS – 9M 2022 7.2 billion liters 366 $6.8 Total Fuel Volumes Convenience Stores in the UAE Average Gross Basket Size 481 132 million 32 Retail Fuel sites in the UAE Fuel Transactions Vehicle Inspection Centres** 66 29 million 0.0 Retail Fuel sit
Slide 25: ADNOC Distribution Unique Value Proposition
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q3 2022 Financial Results Closing Remarks Appendix ADNOC DISTRIBUTION UNIQUE VALUE PROPOSITION A focused, deliverable EBITDA profile of min. $1bn by 2023 Ambitious domestic growth expansion programme via
Slide 26: ADNOC Distribution Business Overview – FY 2021
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q3 2022 Financial Results Closing Remarks Appendix ADNOC DISTRIBUTION BUSINESS OVERVIEW – FY 2021 Retail (B2C) Commercial (B2B) Non-Fuel Retail Fuel Retail Convenience Lube Vehicle Property Corporate Avi
Slide 27: Agreement to acquire 50% stake in TotalEnergies Marketing Egypt
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q3 2022 Financial Results Closing Remarks Appendix On 29th July 2022, ADNOC Distribution announced an agreement to acquire 50% stake in TotalEnergies Marketing Egypt* Delivering on our commitment to acce
Slide 28: Agreement to acquire 50% stake in TotalEnergies Marketing Egypt
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q3 2022 Financial Results Closing Remarks Appendix Agreement to acquire 50% stake in TotalEnergies Marketing Egypt Overview of the transaction* End July 2022, ADNOC Distribution announced a milestone i