Ades Holding Company · TADAWUL:2382

Ades — 9M 2025 Earnings Presentation

29 slides from Ades's earnings presentation, November 2025

  1. Slide 1: Geared to Grow: Results Presentation 9M-2025

    nta _ <7 ADES ADES Holding Company Geared to Grow Results Presentation * 9M-2025

  2. Slide 2: C:\Users\Shaheer\Desktop\small-arrow.png C:\Users\Shaheer\Desktop\small-arrow.png C:\Users\Shaheer\Desktop\small-arro…

    C:\Users\Shaheer\Desktop\small-arrow.png C:\Users\Shaheer\Desktop\small-arrow.png C:\Users\Shaheer\Desktop\small-arrow.png C:\Users\Shaheer\Desktop\small-arrow.png 

  3. Slide 3: Agenda

    D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png 1. Market Update 1. Market Update 14 25 2. Business Update 16 8 2 1 C:\Users\Shaheer\Desktop\a 10 3 3 1 2 1 2 3. Financial Update 1 1 C:\Users\Shaheer\Desktop\a 4. Outlook C:\Users\Shaheer\Desktop\a 

  4. Slide 4: Slide 4

  5. Slide 5: 1. Market Update

    D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png C:\Users\Shaheer\Desktop\side-tab.png 1. Market Update 2. Business Update C:\Users\Shaheer\Desktop\a 3. Financial Update C:\Users\Shaheer\Desktop\a 4. Outlook C:\Users\Shaheer\Desktop\a 

  6. Slide 6: OPEC+ voluntary cuts and unwinding

    D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png C:\Users\Shaheer\Desktop\side-tab.png 1. Market Update (start unwinding 1.65 mbpd) -1.65 mbpd voluntary cut +137 kbpd +137 kbpd +137 kbpd 2. Business Update 1 Apr Nov Apr May Jun Jul Aug Sep Oct Nov Dec 2023 2023 2025 2025 2

  7. Slide 7: Jackup utilisation

    D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png C:\Users\Shaheer\Desktop\side-tab.png 1. Market Update 2. Business Update C:\Users\Shaheer\Desktop\a 3. Financial Update 86% 91% C:\Users\Shaheer\Desktop\a 4. Outlook C:\Users\Shaheer\Desktop\a Standard Jackup Premium Jackup

  8. Slide 8: Utilisation by offshore asset class

    D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png C:\Users\Shaheer\Desktop\side-tab.png 1. Market Update 100% 2. Business Update 90% 93% 80% C:\Users\Shaheer\Desktop\a 70% 60% 50% 40% 3. Financial Update 30% 20% C:\Users\Shaheer\Desktop\a 10% 11% 4% 2% 6% 0% C/SOV Subsea PS

  9. Slide 9: Oil price and oil production

    D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png C:\Users\Shaheer\Desktop\side-tab.png 1. Market Update 2. Business Update Oil Price Oil Production 140 C:\Users\Shaheer\Desktop\a 120 100 3. Financial Update 80 C:\Users\Shaheer\Desktop\a 60 40 20 4. Outlook 0 Apr/14 Jan/15

  10. Slide 10: Business Update

    Business Update

  11. Slide 11: Market Update

    D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png 1. Market Update 1. Market Update C:\Users\Shaheer\Desktop\side-tab.png 2. Business Update 98.3% 28.28 bn 3. Financial Update 5.27 C:\Users\Shaheer\Desktop\a 0.087 4. Outlook C:\Users\Shaheer\Desktop\a 

  12. Slide 12: D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png

    D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png 1. Market Update 1. Market Update • C:\Users\Shaheer\Desktop\side-tab.png 2. Business Update • • 3. Financial Update • C:\Users\Shaheer\Desktop\a 4. Outlook • C:\Users\Shaheer\Desktop\a 

  13. Slide 13: D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png

    D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png 1. Market Update 1. Market Update C:\Users\Shaheer\Desktop\side-tab.png 2. Business Update 3. Financial Update C:\Users\Shaheer\Desktop\a 4. Outlook C:\Users\Shaheer\Desktop\a 

  14. Slide 14: D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png

    D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png 1. Market Update 1. Market Update C:\Users\Shaheer\Desktop\side-tab.png 2. Business Update 3. Financial Update C:\Users\Shaheer\Desktop\a 4. Outlook C:\Users\Shaheer\Desktop\a 

  15. Slide 15: Number of jack-ups: ADES rigs and shelf rigs

    D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png 1. Market Update 1. Market Update # of jack-ups 83 C:\Users\Shaheer\Desktop\side-tab.png 2. Business Update 50 1 36 1 1 34 10 3. Financial Update 2 2 33 C:\Users\Shaheer\Desktop\a 24 3 1 3 25 1 2 13 4 9 2 3 1 1 6 1 11 4. Out

  16. Slide 16: D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png

    D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png 1. Market Update 1. Market Update C:\Users\Shaheer\Desktop\side-tab.png 2. Business Update 4,702.9 1,653.9 2,535.3 860.7 3. Financial Update C:\Users\Shaheer\Desktop\a 607.5 219.1 4. Outlook 2,451.2 800.3 C:\Users\Shaheer\De

  17. Slide 17: Backlog by country

    D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png 1. Market Update 1. Market Update C:\Users\Shaheer\Desktop\side-tab.png 2. Business Update KSA Kuwait 13.0% Qatar 6.2% Egypt 3.3% Indonesia 2.1% India 1.1% Thailand 4.3% Algeria 2.7% 3. Financial Update Malaysia 0.5% Nigeria

  18. Slide 18: Operational performance and safety

    D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png 1. Market Update 1. Market Update Local FTP4 IADC2 45% C:\Users\Shaheer\Desktop\side-tab.png Content3 10% 2. Business Update Average 0.42 REI 10% 35% HSE NPT5 0.08 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 3. Financi

  19. Slide 19: Slide 19

  20. Slide 20: D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png

    D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png 1. Market Update 1. Market Update 2. Business Update C:\Users\Shaheer\Desktop\a C:\Users\Shaheer\Desktop\side-tab.png 3. Financial Update 4. Outlook C:\Users\Shaheer\Desktop\a 

  21. Slide 21: Revenue by region

    D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png 1. Market Update 1. Market Update KSA 9% Kuwait 2. Business Update 5% Qatar 58% Southeast Asia 9% Egypt C:\Users\Shaheer\Desktop\a 10% India 0.9% Algeria & Tunisia 4% 4% Nigeria C:\Users\Shaheer\Desktop\side-tab.png 3. Finan

  22. Slide 22: Margins

    D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png 1. Market Update 1. Market Update 50.7% 52.0% 49.8% 53.9% 2. Business Update C:\Users\Shaheer\Desktop\a C:\Users\Shaheer\Desktop\side-tab.png 3. Financial Update    4. Outlook   C:\Users\Shaheer\Desktop\a 

  23. Slide 23: D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png

    D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png 1. Market Update 1. Market Update 12.9% 13.2% 13.1% 12.9% 2. Business Update C:\Users\Shaheer\Desktop\a C:\Users\Shaheer\Desktop\side-tab.png 3. Financial Update    4. Outlook C:\Users\Shaheer\Desktop\a 

  24. Slide 24: Utilisation

    D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png 1. Market Update 1. Market Update 87% 82% 2. Business Update C:\Users\Shaheer\Desktop\a C:\Users\Shaheer\Desktop\side-tab.png 3. Financial Update     4. Outlook C:\Users\Shaheer\Desktop\a 

  25. Slide 25: D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png

    D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png 1. Market Update 1. Market Update 2. Business Update C:\Users\Shaheer\Desktop\a C:\Users\Shaheer\Desktop\side-tab.png 3. Financial Update 4. Outlook C:\Users\Shaheer\Desktop\a 

  26. Slide 26: Slide 26

  27. Slide 27: Distributed Dividend SAR 231.2mn

    D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png 1. Market Update 1. Market Update 2. Business Update C:\Users\Shaheer\Desktop\a SAR 231.2mn 3. Financial Update Distributed Dividend C:\Users\Shaheer\Desktop\a C:\Users\Shaheer\Desktop\side-tab.png 4. Outlook C:\Users\Shahee

  28. Slide 28: Outlook

  29. Slide 29: D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png

    D:\Current Work\ADES\ADES Presentations\ADES Call Deck\Images\Home-grey.png 1. Market Update 1. Market Update 2. Business Update C:\Users\Shaheer\Desktop\a 3. Financial Update C:\Users\Shaheer\Desktop\a 4. Outlook C:\Users\Shaheer\Desktop\a 

ADES Holding Company — 9M 2025 Earnings Presentation on 6ix