Adnoc Gas Plc · ADX:ADNOCGAS
Adnoc Gas — ADNOC Murban RSC — Q3 2024 Earnings Presentation
11 slides from Adnoc Gas's earnings presentation, December 2024
Slide 1: ADNOC Murban RSC Ltd 3Q24 Financials Snapshot
ADNOC Classification: Internal ADNOC MURBAN RSC LTD 3Q24 FINANCIALS SNAPSHOT December 2024
Slide 2: Attractive Credit and De-Risked Proposition
ATTRACTIVE CREDIT AND DE-RISKED PROPOSITION 1 2 3 HIGHLY STRATEGIC TO THE EMIRATE OF PRODUCES AMONGST THE CLEANEST COMMITTED TO LONG-TERM ABU DHABI AND CHEAPEST BARRELS SUSTAINABILITY 41%1 <7 tCO2e/kboe2 Up to 100% Hydrocarbon sector contribution to One of the lowest carbon emissions ADNOC’s importe
Slide 3: The Primary Debt Capital Markets Entity within ADNOC
THE PRIMARY DEBT CAPITAL MARKETS ENTITY WITHIN ADNOC ADNOC MURBAN RSC LTD IS THE PRIMARY DEBT CAPITAL MARKETS ENTITY WITHIN THE ADNOC GROUP… Significantly large asset base of $537 Bn4 Centralization of Commitment to Target to Maintain Funding Program Group Capital Ongoing Investor Credit Profile in
Slide 4: Accounting Treatment of Murban Crude Invoicing
ACCOUNTING TREATMENT OF MURBAN CRUDE INVOICING Nine-Month Period Ended 30 September 2024 for Illustration Purposes 1 $MM 30-Sep-241 INVOICED1 INCOME Invoiced and paid STATEMENT1 Cash received: Total Invoiced Murban $6,265 MM4 ADNOC Trading 5,176 Revenue2 $5.2 Bn ADNOC 17,509 2 ADNOC Trading Invoiced
Slide 5: Financial Statements
FINANCIAL STATEMENTS ASSETS ($MM) 30-Sep-241 31-Dec-23 PROFIT OR LOSS ($MM) 30-Sep-241 30-Sep-23 CASH FLOWS ($MM) 30-Sep-241 30-Sep-23 1 Non-current assets Cash receipts from ADNOC Financial asset at FVTPL2 506,862 513,149 Revenue 4 5,176 15,330 Trading on account of crude 6,265 15,746 Current asset
Slide 6: Appendix: ADNOC Murban RSC Ltd Structure
APPENDIX: ADNOC MURBAN RSC LTD STRUCTURE
Slide 7: Ownership Chain of Crude Flow
OWNERSHIP CHAIN OF CRUDE FLOW Point at which title to Crude Oil transfers to the Participants (40% to International Oil Companies and 60% to ADNOC) ADNOC Trading ADNOC Trading / ADNOC Customers 2 3 ADNOC MURBAN RSC LTD Crude Oil from 1 Note: Issuer is entitled to sell non-lifted Onshore crude oil by
Slide 8: ADNOC Murban RSC Ltd Structure Highlights
ADNOC MURBAN RSC LTD STRUCTURE HIGHLIGHTS ADNOC ADNOC Trading ISSUER 2 ADNOC Offtake 1 Agreement Assignment Note: Issuer is entitled to sell any Murban crude Owned by ADNOC Agreement oil not offtaken by ADNOC or ADNOC Trading Contractual Agreement to any person through ADNOC Trading ADNOC Onshore •1
Slide 9: Attractive Credit Proposition for Bondholders
ATTRACTIVE CREDIT PROPOSITION FOR BONDHOLDERS ISSUER BENEFITS FROM AN ATTRACTIVE RISK PROFILE Attractive risk profile as ADNOC ADNOC MURBAN RSC LTD does not bear any of the operating expense, capital expenses, OBLIGATIONS CASH royalties or taxes required for the production and delivery of Murban cru
Slide 10: Thank You
THANK YOU For any questions, please reach out to our Investor Relations at: ir@adnoc.ae 10
Slide 11: Disclaimer
DISCLAIMER The information contained herein has been prepared by Abu Dhabi National Oil Company (“ADNOC”). The information contained in this presentation may not have been reviewed or reported on by ADNOC’s auditors. ADNOC relies on information obtained from sources believed to be reliable but does