Salik Company Pjsc · DFM:SALIK
Salik Company Pjsc — FY2025 Earnings Presentation
29 slides from Salik Company Pjsc's earnings presentation, March 2026
Slide 1: FY 2025 Earnings Presentation
FY 2025 EARNINGS PRESENTATION March 2026
Slide 2: Disclaimer
Disclaimer No statement in 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 contained in t
Slide 3: Key Strategic Highlights
KEY STRATEGIC HIGHLIGHTS Why Salik
Slide 4: The Emirate of Dubai's exclusive toll gate operator
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS The Emirate of Dubai’s exclusive toll gate operator Toll Usage Fees 88.4% 18+ YEARS 100% c. 4.8 MN # OF REGISTERED Fines OPERATIONS SINCE 2007 EXCLUSIVITY IN DUBAI ACTIVE VEHICLES as of Revenue 9.1% and as a standal
Slide 5: Macroeconomic outlook supports Salik's growth
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS Macroeconomic outlook supports Salik’s growth 4.0 million 81% 1.3 million Dubai Population as of Hotel occupancy rate over DEWA Customer accounts, Aug 2025, up 3.5% YTD Jan-Dec 2025 up 3% year-on- with a 5% increase
Slide 6: Salik's strategic evolution to becoming a global leader
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS Salik’s strategic evolution to becoming a global leader Salik aspires to Salik’s strategy is focused on 4 key strategic pillars become a global leader in providing sustainable and PILLAR 1 PILLAR 2 PILLAR 3 PILLAR 4
Slide 7: Consistent strategic progress since listing
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS Consistent strategic progress since listing 2022 2023 2024 2025 2026 Variable Pricing Carve Out & EMEA Finance Dubai Mall Introduced 10-Year Concession Best IPO in the Partnership MSCI Emerging Agreement Agreement M
Slide 8: Financial and operational highlights in FY 2025 and Q4 2025
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS Financial and operational highlights in FY 2025 and Q4 2025 FINANCIAL OPERATIONAL HIGHLIGHTS HIGHLIGHTS FY 2025 Q4 2025 Implementation of variable pricing model in January 2025, with Q4 2025 TOTAL CHARGEABLE TRIPS 6
Slide 9: Key Operational Highlights
KEY OPERATIONAL HIGHLIGHTS 9
Slide 10: Continued growth in Salik's core tolling business
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS Continued growth in Salik’s core tolling business Total Trips (mn) Total Chargeable Trips (mn)1,2 Peak +22.0% +10.8% YoY QoQ +9.9% Off Peak QoQ 152.2 168.6 17.5 224.3 Past 16.0 183.8 204.2 Midnight 91.1 80.9 55.3 59
Slide 11: Evolution of quarterly trips by gate
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS Evolution of quarterly trips by gate Quarterly Total Trips (mn) Quarterly Total Trips by Gate (mn) +22.0% Q4 2022 Q4 2023 Q4 2024 Q4 2025 YoY 224.3 36.8 32.2 31.6 31.4 30.8 30.1 29.4 29.0 8.7 27.6 183.8 7.7 27.0 8.2
Slide 12: Variable pricing supporting annual revenue growth
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS Variable pricing supporting annual revenue growth Timing Traffic Distribution in FY24 Based Variable Pricing - 2025 on Fixed Pricing (4 Dirhams) 52% 52% 54% 53% 54% 40% 37% 36% 36% 36% 8% 11% 10% 11% 10% FY24 Feb-Ma
Slide 13: Providing seamless Parking Payment Solutions through key partnerships
ATTRACTIVE STRATEGIC & SALIK AT A MACRO OUR STRATEGY OPERATIONAL FINANCIAL OUTLOOK STOCK OUR BUSINESS GLANCE HIGHLIGHTS PERFORMANCE MODEL CONDITIONS HIGHLIGHTS Providing seamless Parking Payment Solutions through key partnerships Barrier-free parking payment solution operational since July 1, 2024 a
Slide 14: Partnerships & multiple recently signed MOUs
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS Partnerships & multiple recently signed MOUs Leveraging Salik’s comprehensive database by sending timely reminders for motor insurance renewal, redirecting customers to LIVA’s portal Partnership with LIVA (formerly
Slide 15: Key Financial Highlights
Why Salik KEY FINANCIAL HIGHLIGHTS
Slide 16: Strong growth across key financial metrics
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS Strong growth across key financial metrics Revenue Total Chargeable Trips (mn) 1,2 +35.1% YoY Peak +10.8% 3,096.9 QoQ AED Million +26.3% Off Peak 152.2 168.6 YoY 2,291.9 17.5 16.0 Past 80.9 91.1 Midnight 651.0 821.9
Slide 17: Streamlined business model
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS Streamlined business model Depreciation, Amortization Total Revenue - Operating Costs = EBITDA - & Net Finance Costs = PBT - Income Tax = Net Profit % 88.4% 9.1% 2.6% 69.2% 55.1% 50.2% of total revenue 80.2 280.6 (
Slide 18: Growth in mobility continues to drive strong revenue momentum
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS Growth in mobility continues to drive strong revenue momentum +35.1% YoY +26.3% YoY 3,096.9 80.2 +9.9% 280.6 QoQ 2,291.9 AED Million 62.5 236.9 2,736.1 775.7 821.9 751.6 747.7 1,992.5 651.0 24.1 17.5 18.5 20.1 73.8
Slide 19: Growing quarterly revenue from toll usage fees
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS Growing quarterly revenue from toll usage fees +27.0% YoY 724.0 691.3 665.6 655.2 AED Million 570.2 492.9 491.1 454.2 455.3 462.7 468.4 443.7 443.1 426.2 421.1 400.2 386.5 351.7 Q3- 21 Q4- 21 Q1- 2 2 Q2- 22 Q3- 22 Q
Slide 20: Profitability remains high in 2025, EBITDA up 35.8%
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS Profitability Remains High in 2025, with EBITDA up 35.8% and a margin of 69.2% EBITDA Evolution (AED million) EBITDA (AED million) Margins since 2023 reflect 81.9% 76.1% 65.9% 68.9% 69.2% Salik’s new cost profile as
Slide 21: 2025 delivers 33.4% net profit growth with 50.2% margin
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS 2025 Delivers 33.4% Net Profit Growth with Strong 50.2% Margin Net Profit Evolution (AED million) Net Profit (AED million) Margins since 2023 55.8% Margin Net Profit margin before tax 55.1% reflect Salik’s new cost
Slide 22: Solid cash generation, positive working capital dynamics
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS Solid cash generation, positive working capital dynamics Free cash flow evolution (AED million) Free cash flow bridge 2025 (AED million) 72.8% 79.9% 68.7% 63.6% 67.1% 69.2% Margin 67.1% +42.7% YoY 61.8% 74.0% 2,143.
Slide 23: Healthy balance sheet with conservative leverage of 2.24x EBITDA
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS Healthy balance sheet with conservative leverage of 2.24x EBITDA Total Borrowings2 (AED, mn) Net Debt < 5x Covenant Strong credit ratings 1,813.5 5,808.7 3,995.2 A3 AED 4.8 bn Reaffirmation of Long-Term Issuer LT Bo
Slide 24: Attractive dividend profile
ATTRACTIVE STRATEGIC & SALIK AT A MACRO OUR STRATEGY OPERATIONAL FINANCIAL OUTLOOK STOCK OUR BUSINESS GLANCE HIGHLIGHTS PERFORMANCE MODEL CONDITIONS HIGHLIGHTS Attractive dividend profile Distributed H1 2025 Proposed H2 2025 FY 2025 special dividend FY 2025 total declared dividends of dividends of d
Slide 25: Outlook
OUTLOOK ef eu Salik
Slide 26: FY 2025 Results and FY 2026 Guidance
ATTRACTIVE STRATEGIC & SALIK AT A MACRO OUR STRATEGY OPERATIONAL FINANCIAL OUTLOOK STOCK OUR BUSINESS GLANCE HIGHLIGHTS PERFORMANCE MODEL CONDITIONS HIGHLIGHTS FY 2025 Results and FY 2026 Guidance FY2025 actual results came in line with the guidance provided in H1, driven by the full year contributi
Slide 27: Guidance: Medium and long-term expectations for ancillary revenues
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS Guidance: Medium and long-term expectations for ancillary revenues Medium to Long-Term Expectation: 2026-2030 Key Assumptions 2026 2030 Dubai Mall Parking Generated AED 11.1m during 2025 AED 35-50 million AED 120-15
Slide 28: Concluding remarks – FY 2025 Strong Performance and Strategic Momentum
KEY KEY STRATEGIC OPERATIONAL KEY FINANCIAL OUTLOOK HIGHLIGHTS HIGHLIGHTS HIGHLIGHTS Concluding remarks – FY 2025 Strong Performance and Strategic Momentum Sole toll-gate Strong earnings Traffic and toll Partnership FY 2025 guidance operator in Dubai, momentum, with revenues at momentum delivered; F
Slide 29: Thank You
THANK YOU For enquiries, please contact Investor Relations: Wassim El Hayek Head of Investor Relations E: wassim.elhayek@salik.ae