Adnoc Gas Plc · ADX:ADNOCGAS
Adnoc Gas — ADNOC Murban RSC — FY2024 Earnings Presentation
11 slides from Adnoc Gas's earnings presentation, February 2025
Slide 1: ADNOC Murban RSC Ltd FY2024 Financials Snapshot
ADNOC MURBAN RSC LTD FY2024 FINANCIALS SNAPSHOT February 2025
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 93% Hydrocarbon sector contribution to One of the lowest carbon emissions ADNOC’s imported
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 $477 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 Year Ended 31 December 2024 for Illustration Purposes 1 $MM 31-Dec-241 INVOICED1 INCOME Invoiced and paid STATEMENT1 Cash received5: Total Invoiced Murban $8,074 MM ADNOC Trading 6,915 Revenue2 $6.9 Bn ADNOC 22,709 2 ADNOC Trading Invoiced and 29,624 Co
Slide 5: Financial Statements
FINANCIAL STATEMENTS ASSETS ($MM) 31-Dec-24 31-Dec-23 PROFIT OR LOSS ($MM) 31-Dec-24 31-Dec-23 CASH FLOWS ($MM) 31-Dec-24 31-Dec-23 1 Non-current assets Cash receipts from ADNOC Financial asset at FVTPL1 446,675 513,149 Revenue 4 6,915 20,436 Trading on account of crude 8,074 20,750 Current assets o
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 untaken Onshore crude oil by AD
Slide 8: 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 crude oil not Owned by ADNOC Agreement offtaken by ADNOC or ADNOC Trading to any Contractual Agreement person through ADNOC Trading ADNOC Onshore •1 Assign
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