Adnoc Gas Plc · ADX:ADNOCGAS
Adnoc Gas — ADNOC Drilling — Investor Presentation (October 2024)
12 slides from Adnoc Gas's investor presentation, October 2024
Slide 1: IR Presentation October 2024
ADNOC Classification: Public IR PRESENTATION OCTOBER 2024 1
Slide 2: Middle East's Largest Fleet
ADNOC Classification: Public MIDDLE EAST’S LARGEST FLEET 140 RIGS IN 1H24 AND GROWING, WHILE ALSO PROVIDING INTEGRATED DRILLING SERVICES Operational highlights 1H24 Overview ▪ Established in 1972 as the national drilling company of Abu Dhabi >10,000 employees 95 Land rigs 1 ▪ Largest drilling servic
Slide 3: Strategy Overview
ADNOC Classification: Public STRATEGY OVERVIEW STRATEGIC PILLARS UNDERPINNING LONG-TERM VALUE CREATION Profitable Growth Operational Excellence Seeking to increase profitability through value- Utilizing technology and digitalization to improve enhancing opportunities, inside and outside of Abu Dhabi
Slide 4: Production Capacity Increase
ADNOC Classification: Public PRODUCTION CAPACITY INCREASE A CRITICAL ENABLER OF ADNOC’S ACCELERATED PRODUCTION CAPACITY TARGETS Accelerated Growth Targets Production Capacity Targets (mm barrels / day) Commentary 5 5 • ADNOC Drilling has accelerated its own growth plans to enable ADNOC’s strategic i
Slide 5: New Growth Venues Gaining Momentum
ADNOC Classification: Public NEW GROWTH VENUES GAINING MOMENTUM ENERSOL ACCELERATION, TURNWELL STARTED OPERATIONS & REGIONAL EXPANSION CONTINUES Enersol Unconventional Resources Regional Expansion • Acquired three companies, cumulative total • Turnwell started operations, drilling its first • ADNOC
Slide 6: New Dividend Policy in Action
ADNOC Classification: Public NEW DIVIDEND POLICY IN ACTION 2024 INTERIM DIVIDEND +10% YEAR-ON-YEAR New Dividend Policy Approved By Shareholders › At its General Shareholder Meeting held on 24 June 2024, ADNOC Drilling shareholders approved a progressive dividend policy that will see dividends grow b
Slide 7: Increase in Free Float
ADNOC Classification: Public INCREASE IN FREE FLOAT ADNOC 5.5% SECONDARY SALE TO BOOST LIQUIDITY & INDEXATION › During the second quarter, ADNOC offered ADNOC Drilling shares through a bookbuild offering to professional investors in the UAE and institutional investors elsewhere. › The successful ins
Slide 8: Decarbonization Initiatives Driving ESG Agenda
ADNOC Classification: Public DECARBONIZATION INITIATIVES DRIVING ESG AGENDA PURSUING AMBITIOUS GOALS Camps Emission Abatement Rigs Emission Abatement Sustainability Initiatives Base Camp Grid Connectivity Green Rig Rigs Energy Optimization • Madinat Zayed camp powered by the • Acquired a total of 16
Slide 9: Financial Highlights
ADNOC Classification: Public FINANCIAL HIGHLIGHTS STRONG GROWTH WITH MARKET LEADING MARGINS Revenue ($ Million) EBITDA ($ Million) % growth % growth 3,700 – 3,850 1,800 – 1,950 Up to Up to 3,057 26% 1,483 31% 14% 20% 1,232 18% 2,673 18% 1,047 2,269 FY21 FY22 FY23 FY24 (Guidance) FY21 FY22 FY23 FY24
Slide 10: Quarterly Highlights
ADNOC Classification: Public QUARTERLY HIGHLIGHTS RECORD SECOND QUARTER RESULTS Revenue ($ Million) EBITDA ($ Million) Net Income ($ Million) % growth % EBITDA margin % growth 50% 49% 50% 7% 29% 935 6% 935 295 295 886 275 48% 472 472 29% 724 437 228 344 2Q23 2Q24 1Q24 2Q24 2Q23 2Q24 1Q24 2Q24 2Q23 2
Slide 11: Higher Growth Targets
ADNOC Classification: Public HIGHER GROWTH TARGETS INCREASING FULL YEAR 2024 AND MEDIUM-TERM GUIDANCE FY2024 FY2024 Medium-Term Guidance (USD, Million) Previous Guidance New Guidance Revenue 3,600 – 3,800 3,700 – 3,850 • Revenue CAGR in the 14% - 18% from 2023 base (previous range: 12% - 16%) Onshor
Slide 12: Thank You
ADNOC Classification: Public To access further materials on earnings and Enersol, please click here. www.adnocdrilling.ae ir@adnocdrilling.ae THANK YOU ADNOC DRILLING 12
ADNOC Drilling — Investor Presentation (October 2024) on 6ix