A D N H Catering Plc · ADX:ADNHC
A D N H Catering — H1 2025 Earnings Presentation
26 slides from A D N H Catering's earnings presentation, July 2025
Slide 1: H1 - Q2 2025 Earnings Presentation
H1 - Q2 2025 Earnings Presentation
Slide 2: Disclaimer
Disclaimer No statement in this document is intended to be nor may be construed as a profit forecast. Any statements made in this document which could be classed as “forward-looking” are based upon various assumptions, including, management’s examination of historical operating trends, data containe
Slide 3: Note on Proforma Financials
Note on Proforma Financials ADNH Catering plc (“ADNHC” or the “Company”) was incorporated in the Abu Dhabi Global Market on 21 June 2024. On 30 June 2024, ownership of the catering and support services businesses in the UAE and the Kingdom of Saudi Arabia were contributed by ADNH Catering’s parent c
Slide 4: Contents
,ontents Highlights Business Overview Growth Strategy Financial Performance Concluding Remarks Appendix ADNH Catering Q2 2025 Earnings Presentation © ADNH Catering 2028. All rights reserved. 4
Slide 5: H1 2025 Highlights
H1 2025 Highlights • • • +1.7% YoY (1) +7% YoY +0% vs H1 2024 +8% vs Dec 2024 +4.2% vs Dec 2024 +3.3% vs Guidance
Slide 6: Q2 2025 Highlights
Q2 2025 Highlights • • +1.7% YoY (1) +2.9% YoY +0% vs Q2 2024 +8% vs Dec 2024 +4.2% vs Dec 2024 +3.3% vs Guidance
Slide 7: Our H1/Q2 Business Overview
| anne wus *tost q K toate hive (4) OUR H1/Q2 BUSINESS OVERVIEW ADNH Catering Q2 2025 Earnings Presentation © ADNH Catering 2025. All rights reserved 7
Slide 8: Business Overview
Business Overview Key Strengths Geographic Presence Operational Highlights Revenue Split – YTD Q2-2025 (1)) Number of Clients Number of Contracts Key Presence 7.4% Food Services Support Services 8% 419 AED 283 304 388 838mn 234 221 167 185 Abu Dhabi Dubai Sharjah & Dec-24 Jun-25 N. Emirates Dec-24 J
Slide 9: Growing Well Diversified Revenues
Growing Well Diversified Revenues • • Q2 2024 Q2 2025 YTD 2024 YTD 2025 Food Education Correctional Healthcare Services as 61% 63% 61% 62% Defence B&I % Revenue • 18 Support 6 Services % 39% 37% 39% 38% Revenue 117 120 • ZadSource Revenue 97 87 8 37 3 16 • 59 60 146 143 52 41 15 3 830 774 • 74 71 42
Slide 10: Our Growth Strategy
OUR GROWTH ity - STRATEGY Ni See ; = a ADNH Catering Q2 2025 Earnings Presentation © ADNH Catering 2025. All rights reserved. 10
Slide 11: Driving growth from multiple avenues
Driving growth from multiple avenues Enhancing Sales, Delivering Segment Horizontal Solutions Exploring Inorganic Unlocking the KSA Retention and Specific Strategy for the Business Growth Opportunity margins • Diversification towards private sector, • RETAIL: HUSK is expanding, with 32 • Acquisition
Slide 12: Financial Performance
| anne WSK Hake @hive G4) FINANCIAL PERFORMANCE ADNH Catering Q2 2025 Earnings Presentation © ADNH Catering 2025. All rights reserved, 12
Slide 13: Maintaining Strong Margins
Maintaining Strong Margins • • • • • 108 115 • • 54 56 119 127 • 59 61 • Q2'24 Q2'25 YTD'24 YTD'25 • Note (1) Comparison against global select peer group, comprised of Catrion, Compass, Aramark, Sodexo and Elior. (2) Contract profit is calculated as revenue – direct cost (excl. Depreciatio n)
Slide 14: Sustained Profitability, Cash Generation, Investing in High Margin Contracts
Sustained Profitability, Cash Generation, Investing in High Margin Contracts • • 86 77 84 • 80 36 40 • • 75% 75% • • Note (1) Cash Conversion defined as (EBITDA – Net Capex (Capex on owned assets and net of gains from disposals ) – Principal portion of Lease Payments) / EBITDA. (2) In clusive o f Pr
Slide 15: Robust Cash Conversion
Robust Cash Conversion (AED m) H1-2024 H1-2025 • EBITDA 108 115 (-) Net Capex(1) (6) (8) (-) Prin. Lease Payments (22) (21) • Cash Conversion 80 86 % Cash Conversion (2) 75% 75% • DSO 143 141 DPO 122 111 DSI 3 3 • (1) N et Capex includes Capi tal e xpen di ture on owne d as se ts and net of gains fr
Slide 16: Attractive Dividend Policy
Attractive Dividend Policy N ote: Su bje ct to b u sin es s p erformance, Boar d of Di rectors ’ recommendati on , an d sh areh ol de r ap proval.
Slide 17: Financial Guidance
Financial Guidance Financ ial s hav e b een rest ated to be cal endar y ear in l ine wit h the new year en d o f t he Company . N ote : (1) All gui dance gi ven at t he t ime of IPO remai ns u nchanged. (2) We have not defin ed and do no t in tend t o d efin e by referenc e t o speci fic p eri ods t
Slide 18: Concluding Remarks
| anne WSK Hake @hive G4) CONCLUDING REMARKS ADNH Catering Q2 2025 Earnings Presentation © ADNH Catering 2025. Alll rights reserved. 18
Slide 19: Concluding Remarks
Concluding Remarks Clear business strategy to capitalize on regional markets’ opportunities, KSA business under process, particularly in Riyadh and the high-growth private healthcare and Energy sectors and other regional opportunities under consideration.
Slide 20: Appendix
Appendix © ADNH Catering 2025. Alll rights reserved.
Slide 21: Company Reorganisation Overview
Company Reorganisation Overview At IPO
Slide 22: Unaudited unreviewed Proforma Combined Income Statement for the 6-month period ending 30 June
Unaudited unreviewed Proforma Combined Income Statement for the 6-month period ending 30 June Unaudited unreviewed Proforma Combined Income Statement for the 6-month period ending 30th June: 6 months to June 2025 6 months to June 2024 in AED (Reviewed) (Unaudited and unreviewed) Food services 520,26
Slide 23: Statutory condensed consolidated statement of profit or loss – 30 June 2025
Statutory condensed consolidated statement of profit or loss – 30 June 2025 6 months to June 2024 6 months to June 2025 in AED (unaudited and not (Reviewed) reviewed) Food services 520,268,108 443,115,805 Support services 317,590,903 283,286,282 Revenue 837,859,011 726,402,087 Cost of revenue (682,7
Slide 24: Statutory condensed consolidated statement of cash flow for 6 months to 30 June
Statutory condensed consolidated statement of cash flow for 6 months to 30 June Jun-24 Jun-25 in AED (Unaudited and not (Reviewed) reviewed) Cash flow fr om operations Profit for the period before tax 82,396,890 76,268,358 Adjustments for: Depreciation on PPE 7,630,642 7,281,059 Depreciation on ROU
Slide 25: Statutory condensed consolidated statement of financial position – 30 June 2025
Statutory condensed consolidated statement of financial position – 30 June 2025 in AED Jun-25 Dec-24 Assets Property and equipment 17,341,121 16,702,679 Right-of-use assets 50,136,393 60,595,550 Intangible assets 282,333,307 280,732,728 Investments in joint ventures 11,567,057 10,910,760 Total non-c
Slide 26: Thank You
| Q ADNH Lo _ CATERING HUSK ~Staskt =hive Oe} media@adnhc.ae; maes.mohamed@adnhc.ae Abu Dhabi Airport Road, Abu Dhabi National Hotels building Dubai 4th Floor, JW Marriott Hotel Marina, Dubai Marina.