Gas Arabian Services Co · TADAWUL:4146

Gas Arabian Services — H1 2025 Earnings Presentation

67 slides from Gas Arabian Services's earnings presentation, 2025

1. Slide 1: Company Profile

   Company Profile Driven by Dedication

2. Slide 2: Contents

   GAS Company Profile 2 Contents Internal Investment 1 Introduction 4 Cycles (IIC) 2 Operations 5 Business Continuity 3 Financials 6 Transition to TASI GAS Arabian Services © 2025 All Rights Reserved

3. Slide 3: Introduction

   Home 3 1 Introduction GAS Arabian Services © 2025 All Rights Reserved

4. Slide 4: Success Story

   GAS Company Profile 2025 4 Success Story 1992 1 9 JOINT VENTURES 3,023 5 Manufacturing EMPLOYEES SMALL OFFICE 4 Services 30 33 1 TRADING INTERNATIONAL OVER YEARS ACTIVITIES BUSINESS PARTNERS INTERNATIONAL BUSINESS In providing total PARTNERS technical solutions 1 EMPLOYEE 13 9 OFFICES AND DIVISIONS

5. Slide 5: Success Story Revenue

   GAS Company Profile 5 Success Story Revenue 1,093 in SAR ( ) Million 496 297.55 212.44 246.23 64.26 6.76 12.21 1992 1997 2002 2007 2012 2017 2022 2024 GAS Arabian Services © 2025 All Rights Reserved

6. Slide 6: Success Story Net Profit

   GAS Company Profile 6 Success Story Net Profit 113.96 M in SAR ( ) 67.39 M 42.19 M 18.67 M 8.29 M 170 K 980 K 3.15 M 1992 1997 2002 2007 2012 2017 2022 2024 GAS Arabian Services © 2025 All Rights Reserved

7. Slide 7: Success Story Joint Ventures

   GAS Company Profile 7 Success Story Joint Ventures 9 7 6 5 3 2 1 0 1992 1997 2002 2007 2012 2017 2022 2025 GAS Arabian Services © 2025 All Rights Reserved

8. Slide 8: Success Story International Business Partners

   GAS Company Profile 8 Success Story International Business Partners 30 24 11 6 2 2 3 1 1992 1997 2002 2007 2012 2017 2022 2025 GAS Arabian Services © 2025 All Rights Reserved

9. Slide 9: Success Story Workforce (Direct Employees)

   GAS Company Profile 9 Success Story Workforce (Direct Employees) 3,023 *Indirect Workforce Total Indirect 291 Joint Ventures On Call 769 356 570 182 109 1 10 26 75 * In addition to its direct workforce, GAS employs indirect personnel to support its operational tasks. 1992 1997 2002 2007 2012 2017 20

10. Slide 10: Success Story Offices and Facilities

    GAS Company Profile 10 Success Story Offices and Facilities Jubail Office 9 8 GAS Metal Tech - Jubail Jubail II Khalidiyah Warehouse 6 Qatif Laydown 5 Khalidiyah Showroom 4 3 Dammam Head Office 2 GAS Metal Tech - Dammam 1 Yanbu Office 1992 1997 2002 2007 2012 2017 2022 2025 GAS Arabian Services © 20

11. Slide 11: Success Story Divisions

    GAS Company Profile 11 Success Story Divisions 13 Trading Technical Services Manufacturing Mechanical & EPC Project GAS Metal Tech 10 Chemical 9 8 Manpower Supply & Instrumentation Services & Electrical Shared Services 5 Investor Relations & Shutdown & Plant Corporate Governance Finance Services 3 H

12. Slide 12: What Distinguishes Us

    GAS Company Profile 12 What Distinguishes Us: Dedicated Executive Exclusive Business Relationships World Class Global Partners Management and Staff with Reputable OEMs. ❑ One of the top 4 in each segment ❑ Average Executive Retention Rate: Over 15 years ❑ Average Staff Retention Rate: Over 9 years ❑

13. Slide 13: Legal Entity

    GAS Company Profile 13 Legal Entity Limited Liability Closed Joint Public Listed Establishment Company Stock Company Company 1992 2010 2020 2022 GAS Arabian Services © 2025 All Rights Reserved

14. Slide 14: Operations

    Home 14 2 Operations GAS Arabian Services © 2025 All Rights Reserved

15. Slide 15: Trading

    Home GAS Company Profile Trading GAS Arabian Services © 2025 All Rights Reserved

16. Slide 16: Trading

    GAS Company Profile 16 Trading Instrumentation & Electrical Mechanical & Chemical Supplying & Providing Pioneering Solutions in: Sourcing Solutions in: ▪ Pressure ▪ Steam Turbines ▪ Flow ▪ Compressors ▪ Level ▪ Pumps ▪ Temperature ▪ Valves ▪ GAS & Liquid Analyzers ▪ Flow Control System ▪ Automatic S

17. Slide 17: Trading – We Represent (30) World Class International Business Partners

    GAS Company Profile 17 Trading – We Represent (30) World Class International Business Partners GAS Arabian Services © 2025 All Rights Reserved

18. Slide 18: Trading – Instrumentation & Electrical

    GAS Company Profile 18 Trading – Instrumentation & Electrical GAS Arabian Services © 2025 All Rights Reserved

19. Slide 19: Trading – Mechanical & Chemical

    GAS Company Profile 19 Trading – Mechanical & Chemical GAS Arabian Services © 2025 All Rights Reserved Modified Starch CMS - LV

20. Slide 20: Technical Services

    Home GAS Company Profile Technical Services GAS Arabian Services © 2025 All Rights Reserved

21. Slide 21: Technical Services – EPC Credentials

    GAS Company Profile 21 Technical Services – EPC Credentials Certifications: Vendor Approvals: ISO 9001:2015, ISO 14001:2015 & ISO 45001:2018 Approved Vendor Vendor ID: 10012012 CAT II Onshore Pipeline Chemical Injection Skid Contractor Manufacturer (GMT) Maintenance of Filtration In-Plant Constructi

22. Slide 22: Technical Services – EPC Highlights

    GAS Company Profile 22 Technical Services – EPC Highlights Project Summary – EPC Total Projects Awarded (since inception up to date) 38 ▪ SAUDI ARAMCO DIRECT PROJECTS ▪ SAUDI ARAMCO JOINT VENTURE PROJECTS ▪ SAUDI ARAMCO 3RD PARTY PROJECTS PRIVATE & PUBLIC SECTOR 70 16 5 1 1 9 GAS Arabian Services ©

23. Slide 23: Technical Services – EPC Highlights

    GAS Company Profile 23 Technical Services – EPC Highlights EPC Major Projects Awarded / Completed Saudi Power Procurement Co. 2025 Yamama Cement Company Rumah IPP Sales Gas – SAR 326.3 M YNP Sales Gas & Crude Oil (BI-21-00127) - Ongoing Pipeline – SAR 310 M Nairiyah IPP Sales Gas – SAR 504.3 M 2016

24. Slide 24: Technical Services – EPC Highlights

    GAS Company Profile 24 Technical Services – EPC Highlights Other EPC Projects Awarded / Completed JGC Arabia Ltd./Saudi Aramco 2022 Advanced Polyolefins Company Saudi Aramco Zuluf Onshore Oil Sales Gas Pipeline – (BI-21-00102) Facilities Project Mechanical Propane Pipeline - (BI-21-00103) Package 2

25. Slide 25: Technical Services – Manpower Supply & Services

    GAS Company Profile 25 Technical Services – Manpower Supply & Services Long Term Maintenance ▪ Process Engineers ▪ Planners & Schedulers ▪ Condition Monitoring Technical Services ▪ Rotating Equipment Engineers ▪ Material Planning Services ▪ Electrical & Instrument Workshop Supervision ▪ RCM / RBI /

26. Slide 26: Technical Services – Shutdown & Plant Services

    GAS Company Profile 26 Technical Services – Shutdown & Plant Services Plant Maintenance Rotary / Rotating Equipment Overhauling ▪ Compressor Alignment ▪ Overhauling Services of: ▪ Rotating Equipment ✓ Special Purpose & General-Purpose Steam Turbines ▪ Machinery Overhauling ✓ Extruders / Reciprocatin

27. Slide 27: Technical Services – Shutdown & Plant Services

    GAS Company Profile 27 Technical Services – Shutdown & Plant Services Project Highlights – Shutdown/Turnaround/Rotating SABIC IBN ZAHR 2022 MAADEN Support from OEM Sundyne Pumps 2023 High Speed Pump Major Overhaul & Compressor – SAR700K – SAR40K Overhauling & Repair of Sundyne 2023 HP Wash Water Ove

28. Slide 28: Technical Services – Long Term Maintenance

    GAS Company Profile 28 Technical Services – Long Term Maintenance SABIC Master Agreement – 4900002366 Mobile Workforce Services Contract Period: 01-June-2022 to 31-May-2027 Five (5) years GAS Arabian Services © 2025 All Rights Reserved

29. Slide 29: Manufacturing

    Home GAS Company Profile Manufacturing GAS Arabian Metal Tech Factory GAS Arabian Services © 2025 All Rights Reserved

30. Slide 30: Manufacturing – GAS Arabian Metal Tech Factory

    GAS Company Profile 30 Manufacturing – GAS Arabian Metal Tech Factory GAS Arabian Services Company established GAS Arabian Metal Tech Factory(GMT) as its subsidiary. A 30,000 sqm. facility with areas for Manufacturing, Fabrication, Storage, Sand Blasting, Painting and Testing. GMT serves as a Factor

31. Slide 31: Manufacturing – Products and Services

    GAS Company Profile 31 Manufacturing – GAS Arabian Metal Tech Factory PRODUCTS SERVICES ▪ Pipe Spools (All Material) ▪ Engineering ▪ Laterals ▪ Procurement from approved Manufacturers ▪ Chemical Injection Skids-Well Head Tie/Ins ▪ Inspection ▪ Chemical Injection Skids-Non-well Head Tie/Ins ▪ Fabrica

32. Slide 32: Manufacturing – GMT Plant Approvals and Certifications

    GAS Company Profile 32 Manufacturing – GAS Arabian Metal Tech Factory GMT Plant Approvals GMT Certifications ❖ ISO 9001:2015, 14001:2015 & 45001:2018 Vendor Code: 10065285 Vendor No. 11048694 Plant No. : 30008721 ❖ American Society of ❖ National Board of Boilers & GAS Arabian Services © 2025 All Rig

33. Slide 33: Manufacturing – Collective Purchase Agreement for Skids

    GAS Company Profile 33 Manufacturing – GAS Arabian Metal Tech Factory Collective Purchase Agreement for Skids: 20 Skids per Year December 21, 2021, to December 31, 2028 GAS Arabian Services © 2025 All Rights Reserved

34. Slide 34: Manufacturing – Corporate Purchase Agreement

    GAS Company Profile 34 Manufacturing – GAS Arabian Metal Tech Factory Corporate Purchase Agreement Supply of Equipment including Spare Parts, Services and Warehousing Agreement Date: May 19, 2022 9COM Description 6000000025 SPOOL; PIPE; BW; FABRICATED, ANY METAL 6000000024 SPOOL; PIPE; ALL SIZES; FL

35. Slide 35: Joint Ventures

    Home GAS Company Profile Joint Ventures GAS Arabian Services © 2025 All Rights Reserved

36. Slide 36: Joint Ventures Manufacturing Services

    GAS Company Profile 36 Joint Ventures Manufacturing Services GAS Arabian Services © 2025 All Rights Reserved

37. Slide 37: Joint Ventures – Yokogawa Services Saudi Arabia

    GAS Company Profile 37 Joint Ventures Yokogawa Services Saudi Arabia After-sales service, training and life-cycle maintenance for Yokogawa systems and products, as well as construction and installation of electrical and instrumentation systems. Areas of Expertise: • After-Sales Services • Project Ma

38. Slide 38: Joint Ventures – Elliott GAS Services Saudi Arabia

    GAS Company Profile 38 Joint Ventures Elliott GAS Services Saudi Arabia After-sales care for Elliott Group products and equivalents, including repair, re-rating, modification, and turnaround of rotating equipment and auxiliaries. Can arrange the construction, installation, development and management

39. Slide 39: Joint Ventures – FS Elliott Saudi Arabia

    GAS Company Profile 39 Joint Ventures FS Elliott Saudi Arabia FS Elliott Services Saudi Arabia Full spectrum after-sales service for centrifugal air compressors & plant air packages, including personnel training, inspection, refurbishment, repair, spare parts, overhauling, upgrades and field service

40. Slide 40: Joint Ventures – Weidmuller Saudi Arabia Factory

    GAS Company Profile 40 Joint Ventures Weidmuller Saudi Arabia Factory LLC Electrical and electronic interconnection components and technologies. Saudi Aramco Approved Vendor Areas of Expertise: Stainless steel junction boxes designed and customized to client requirements. GAS Arabian Services © 2025

41. Slide 41: Joint Ventures – GAS Vector and Tubefit

    GAS Company Profile 41 Joint Ventures Tubefit Engineering GAS Vector Saudi Arabia Arabian Factory LLC After-sales service and training for Vector Manufacturing and supplying of various instrumentation industrial communication products and fittings and valves. systems. Areas of Expertise: Areas of Ex

42. Slide 42: Financials

    Home 42 3 Financials GAS Arabian Services © 2025 All Rights Reserved

43. Slide 43: GAS Share Capital History

    GAS Company Profile 43 GAS Share Capital History in SAR ( ) 150 M 158 M 300 K 1M 2.5 M 1992 2006 2010 2019 2021 GAS Arabian Services © 2025 All Rights Reserved

44. Slide 44: Financial Results

    GAS Company Profile 44 Financial Results Particulars 2022 2023 2024 2025 (1st Half) Revenue* 496 722 1,093 642 Revenue Growth 28% 45% 52% 33%** Net Profit* 67 81.5 114 70 Net Profit Margin 14% 11% 10% 11%** Net Profit Growth 12% 22% 40% 54% EPS ( ) 0.43 0.52 0.72 0.44 * In Saudi Riyals ( ) Millions

45. Slide 45: Balance Sheet

    GAS Company Profile 45 Balance Sheet Details 2022 2023 2024 2025 (1st Half) Current Assets 349.82 390.97 583.40 563.24 Non-Current Assets 149.54 195.44 254.93 286.28 Total Assets 499.36 586.41 838.33 849.53 Current Liabilities 147.30 183.99 385.10 354.91 Non-Current Liabilities 34.89 41.73 48.77 56.

46. Slide 46: Dividend Distribution

    GAS Company Profile 46 Dividend Distribution Details 2021 2022 2023 2024 Dividend Distribution ( ) 31,600,000 35,550,000 47,277,217 59,882,361 Payout Ratio (%) 53% 53% 58% 53% Average Payout Ratio (%) 54% GAS Arabian Services © 2025 All Rights Reserved

47. Slide 47: Dividend Distribution

    GAS Company Profile 47 Dividend Distribution 2024 2025 Particulars 1st Half 2nd Half Overall 1st Half Dividend Distribution ( ) 23,637,774 36,244,587 59,882,361 31,517,032 Dividend Per Share ( ) 0.15 0.23 0.38 0.20 Payout Ratio (%) 52% 53% 53% 45% Distribution Date Sept 4, 2024 Mar 26, 2025 - Aug 31

48. Slide 48: Internal Investment Cycles (IIC)

    Home 48 4 Internal Investment Cycles (IIC) GAS Arabian Services © 2025 All Rights Reserved

49. Slide 49: Internal Investment Cycle (IIC) #1

    GAS Company Profile 49 Internal Investment Cycle (IIC) # 1 Profit During This Period: Net Profit (Mn) 6.05 Million 1992 Business Set-up and Customer Reach 1997 GAS Arabian Services © 2025 All Rights Reserved

50. Slide 50: Internal Investment Cycle (IIC) #2

    GAS Company Profile 50 Internal Investment Cycle (IIC) # 2 Profit During This Period: Net Profit (Mn) 8.12 Million Growth % 34% 1998 Mechanical OEM Agencies 2002 GAS Arabian Services © 2025 All Rights Reserved

51. Slide 51: Internal Investment Cycle (IIC) #3

    GAS Company Profile 51 Internal Investment Cycle (IIC) # 3 Profit During This Period: Net Profit (Mn) 28.36 Million Growth % 249% 2003 Instrument and Electrical OEM Agencies 2007 GAS Arabian Services © 2025 All Rights Reserved

52. Slide 52: Internal Investment Cycle (IIC) #4

    GAS Company Profile 52 Internal Investment Cycle (IIC) # 4 Profit During This Period: Net Profit (Mn) 94.71 Million Growth % 234% 2008 Joint Venture Set-up 2012 GAS Arabian Services © 2025 All Rights Reserved

53. Slide 53: Internal Investment Cycle (IIC) #5

    GAS Company Profile 53 Internal Investment Cycle (IIC) # 5 Profit During This Period: Net Profit (Mn) 192.29 Million Growth % 103% First Project Biggest Single Order 50 K 300 M 2013 Project Management Business Expansion 2017 GAS Arabian Services © 2025 All Rights Reserved

54. Slide 54: Internal Investment Cycle (IIC) #6

    GAS Company Profile 54 Internal Investment Cycle (IIC) # 6 Profit During This Period: Net Profit (Mn) 337.25 Million Growth % 75% Started with 3 450+ Technical Staff Direct Technical Staff 2018 Technical Services 2022 GAS Arabian Services © 2025 All Rights Reserved

55. Slide 55: Internal Investment Cycle (IIC) Summary

    GAS Company Profile 55 Internal Investment Cycle (IIC) Summary 337M 75% 192M 103% 95M 234% 28M 8M 249% 6M 34% 1992 to 1997 1998 to 2002 2003 to 2007 2008 to 2012 2013 to 2017 2018 to 2022 1 2 3 4 5 6 1992 Net Profit / Cycle 2022 GAS Arabian Services © 2025 All Rights Reserved

56. Slide 56: Business Continuity

    Home 56 5 Business Continuity GAS Arabian Services © 2025 All Rights Reserved

57. Slide 57: Business Sustainability: Why Are We Optimistic About the Future?

    GAS Company Profile 57 Business Sustainability Why Are We Optimistic About the Future of the Company? Internal Business Investment Sustainability Cycle (IIC) # 7 (Long-Term Agreements with (Started 2023) Partners and Customers) GAS Arabian Services © 2025 All Rights Reserved

58. Slide 58: Business Sustainability Order Booking

    GAS Company Profile 58 Business Sustainability Order Booking Particulars 2020 2021 2022 2023 2024 2025 (1st Half) (Mn) (Mn) (Mn) (Mn) (Mn) (Mn) 1661 Opening Order Backlog 442 311 465 443 731 Trading Tech Services Manufacturing 314 1,306 41 1,199 New Orders During the Year 211 540 474 1,009 2,023 Tra

59. Slide 59: Sales and Order Book

    GAS Company Profile Sales and Order Book 59 Since inception in 1992: Highest Annual Revenue 1.09 Billion Highest Annual Carryover 1.66 Billion Highest Annual Net Profit 114 Million * Numbers are based on December 31, 2024, figures GAS Arabian Services © 2025 All Rights Reserved

60. Slide 60: Business Sustainability Revenue Visibility

    GAS Company Profile 60 Business Sustainability Revenue Visibility Sales Contribution % Segment 2020 2021 2022 2023 2024 Average Technical Services 39% 41% 35% 33% 47% 39% Trading 58% 56% 62% 64% 48% 58% Manufacturing 3% 3% 3% 3% 5% 3% GAS Arabian Services © 2025 All Rights Reserved

61. Slide 61: Business Sustainability Revenue Visibility (continued)

    GAS Company Profile 61 Business Sustainability Revenue Visibility (continued) Segment Details ▪ Around 90% are recurring orders, backed up by long A. Trading term spare part supply agreements with the customers. ▪ On an average basis, GAS annually received around B. Technical Services SAR 430 millio

62. Slide 62: Business Sustainability Joint Ventures’ Profits

    GAS Company Profile 62 Business Sustainability Joint Ventures’ Profits GAS income More than 80% of the contributions from profit shares from joint ventures are the JVs are being expected to remain converted into cash, strong. in the form of dividend. GAS Arabian Services © 2025 All Rights Reserved

63. Slide 63: Internal Investment Cycle (IIC) #7 Way Forward

    GAS Company Profile 63 Internal Investment Cycle (IIC) # 7 Way Forward Technical Services Trading ❑ Project Execution: Ensure the successful, safe, and ❑ Exclusive Representation: Targeting the Environment timely completion of the projects, adhering to the and chemical sectors, we aim to represent n

64. Slide 64: Internal Investment Cycle (IIC) #7 Way Forward

    GAS Company Profile 64 Internal Investment Cycle (IIC) # 7 Way Forward Manufacturing Joint Ventures ❑ Long-Term Agreements Execution: Successfully, ❑ Strategic Joint Ventures: Explore the addition of safely, and timely execute the two long-term 1 or 2 joint ventures that align with our agreements wi

65. Slide 65: Transition to TASI

    Home 65 6 Transition to TASI GAS Arabian Services © 2025 All Rights Reserved

66. Slide 66: Transition from NOMU to TASI

    GAS Company Profile 66 Transition from NOMU to TASI Date Details ▪ Announced its Board of Directors approval on the company’s intention to transition January 3, 2024 from NOMU to TASI ▪ Appointed as Financial Advisor. February 18, 2024 ▪ Appointed as Financial Due Diligence. February 26, 2024 ▪ Appo

67. Slide 67: Thank You

    Home Thank You For more information: Scan the QR Code or visit www. gasarabian.com Gas Arabian Services © 2025 All Rights Reserved

Gas Arabian Services — H1 2025 Earnings Presentation on 6ix