30 slides from Abu Dhabi National Oil Company For Distribution's earnings presentation, Aug 5, 2026
Slide 1: Q2 & H1 2026 Results Presentation
Q2 & H1 2026 RESULTS PRESENTATION 5 August 2026 ADNOC DISTRIBUTION
Slide 2: Agenda
Agenda 01 02 03 04 KEY ACHIEVEMENTS GROWTH H1 2026 CLOSING AND OUTLOOK STRATEGY UPDATE RESULTS REMARKS ————————— ————————— ————————— ————————— 2 © ADNOC Distribution
Slide 3: Disclaimer
Disclaimer This communication includes statements that are, or may be deemed to be, "forward looking statements". These forward-looking statements can be identified by the use of forward- looking terminology, including the terms "believes", "estimates", "anticipates", "targets", "forecasts", "projec
Slide 4: Key Achievements and Outlook
01 KEY ACHIEVEMENTS AND OUTLOOK Bader Saeed Al Lamki Chief Executive Officer
Slide 5: Leveraging a strong foundation to scale towards leadership in global mobility & convenience
Key Achievements & Outlook Strategy Update H1 2026 Financial Results Closing Remarks Appendix Leveraging a strong foundation to scale towards leadership in global mobility & convenience, to create additional shareholder value >2x +13% ~$100m +16% >2x Mobility retail footprint(1) Net profit CAGR(1) L
Slide 6: H1 2026: record earnings and returns in a dynamic market
Key Achievements & Outlook Strategy Update H1 2026 Financial Results Closing Remarks Appendix H1 2026: record earnings and returns in a dynamic market environment and a transformative entry into South Africa Operational resilience Growth YoY and efficiency Outlook Zero +39% EBITDA 2026 targets reaff
Slide 7: SDSA proposed acquisition is a value-accretive transaction
Key Achievements & Outlook Strategy Update H1 2026 Financial Results Closing Remarks Appendix SDSA proposed acquisition is a value-accretive transaction, delivering potential for additional value for shareholders Strategically transformative transaction SDSA acquisition Higher net profit with SDSA S
Slide 8: Growth Strategy Update
02 GROWTH STRATEGY UPDATE Athmane Benzerroug Chief Strategy, Transformation & Sustainability Officer
Slide 9: Core fuel platform proves resilient translating into overall growth in H1 26
Key Achievements & Outlook Strategy Update H1 2026 Financial Results Closing Remarks Appendix Core fuel platform proves resilient translating into overall growth in H1 26(1) +3 new stations UAE: +2, Egypt: +1 (total: 1,045 sites, +11% YoY) ————————————— +32 contracted stations in KSA under CAPEX-lig
Slide 10: EV charging: rising charging demand and disciplined roll-out
Key Achievements & Outlook Strategy Update H1 2026 Financial Results Closing Remarks Appendix EV charging: rising charging demand and disciplined roll-out (1) +35% to 406 EV charging points installed across our network in strategic locations in the UAE, and 2.1X higher volume of energy sold ————————
Slide 11: Non-fuel retail gross profit again outpaces fuel retail
Key Achievements & Outlook Strategy Update H1 2026 Financial Results Closing Remarks Appendix Non-fuel retail gross profit again outpaces fuel retail(1), led by C-stores and property(2) +1.5% non-fuel transactions supported by higher number of fuel transactions and new offerings in convenience store
Slide 12: Non-fuel retail: OASIS refresh and AI personalization add new C-store growth levers
Key Achievements & Outlook Strategy Update H1 2026 Financial Results Closing Remarks Appendix Non-fuel retail: OASIS refresh and AI personalization add new C-store growth levers… and private label is coming in H2 Reinventing C-store experience A refreshed ‘OASIS by ADNOC’ brand (Sep. 2025) for the U
Slide 13: Non-fuel retail: elevating the car care customer proposition
Key Achievements & Outlook Strategy Update H1 2026 Financial Results Closing Remarks Appendix Non-fuel retail: elevating the car care customer proposition Enhancing customer journeys through targeted campaigns to convert non-car wash users into new customers and re-engage inactive customers ————————
Slide 14: Non-fuel retail: property management strategy execution through real estate monetization
Key Achievements and Outlook Strategy Update H1 2026 Financial Results Closing Remarks Appendix Non-fuel retail: property mgmt strategy execution through real estate monetization(1) Delivering double-digit growth Property management is the fastest growing NFR vertical ————————————— 1,181 occupied/aw
Slide 15: ADNOC Rewards loyalty programme – a proprietary data and engagement platform
Key Achievements & Outlook Strategy Update H1 2026 Financial Results Closing Remarks Appendix ADNOC Rewards loyalty programme(1) – a proprietary data and engagement platform 2.8m ADNOC Rewards members sustaining durable competitive advantage ————————————— +13% year-on-year increase in membership ———
Slide 16: AI and digital transformation: launching Engage by ADNOC retail media
Key Achievements & Outlook Strategy Update H1 2026 Financial Results Closing Remarks Appendix AI and digital transformation in action: launching Engage by ADNOC, a new retail media revenue stream ▪ End July 2026, ADNOC Distribution launched Engage by ADNOC, the first full-funnel retail media network
Slide 17: H1 2026 Results
03 H1 2026 RESULTS Ali Siddiqi Chief Financial Officer
Slide 18: H1 2026: double-digit EBITDA and net profit growth
Key Achievements & Outlook Strategy Update H1 2026 Financial Results Closing Remarks Appendix H1 2026: double-digit EBITDA and net profit growth Record half-year earnings EBITDA and underlying EBITDA(1), $m Net profit, $m ———————————————————— ———————————————————— +39% +14% +59% 786 568 566 603 530 3
Slide 19: Record H1 operating performance
Key Achievements & Outlook Strategy Update H1 2026 Financial Results Closing Remarks Appendix Record H1 operating performance Sustained growth across all business verticals: fuel and non-fuel retail Fuel volumes, m liters Fuel transactions, UAE, m Non-fuel transactions(1), UAE, m ————————————— —————
Slide 20: H1 2026 gross profit by operating segment
Key Achievements & Outlook Strategy Update H1 2026 Financial Results Closing Remarks Appendix H1 2026 gross profit by operating segment Aviation +29% total GP supported by inventory gains 5% ————————————— +24% fuel retail GP Corporate (B2B) 25% driven by consistent volume growth ————————————— +12% N
Slide 21: H1 2026 OPEX and efficiency improvement
Key Achievements & Outlook Strategy Update H1 2026 Financial Results Closing Remarks Appendix H1 2026 OPEX and efficiency improvement Other(1) Staff costs 17% +4% cash OPEX reflecting corresponding retail business growth Utilities ————————————— 8% $27m 4% $348m like-for-like OPEX savings in 2024-H1
Slide 22: H1 2026 EBITDA by operating segment
Key Achievements & Outlook Strategy Update H1 2026 Financial Results Closing Remarks Appendix H1 2026 EBITDA by operating segment Unallocated(2) +39% EBITDA Aviation driven by growth across all businesses 7% Corporate Retail and higher impact of inventory movements (B2B) (B2C) ————————————— +36% ret
Slide 23: H1 2026 cash generation
Key Achievements & Outlook Strategy Update H1 2026 Financial Results Closing Remarks Appendix H1 2026 cash generation $713m (+74.5% YoY) -162 free cashflow before the effect of - 103 working capital changes - 55 ————————————— 816 $700m or 75% of net - 542 profit, whichever is higher 2026 dividend(1)
Slide 24: Closing Remarks
CLOSING REMARKS 04 Bader Saeed Al Lamki Chief Executive Officer
Slide 25: Scalable, resilient platform underpinning visible dividends today and accelerating value creation tomorrow
Key Achievements & Outlook Strategy Update H1 2026 Financial Results Closing Remarks Appendix Scalable, resilient platform underpinning visible dividends today and accelerating value creation tomorrow Proven engine Sustainable, Compounding delivering record value-accretive shareholder returns, perfo
Slide 26: Q&A
Key Achievements & Outlook Strategy Update H1 2026 Financial Results Closing Remarks Appendix Q&A Bader Saeed Al Lamki Ali Siddiqi Athmane Benzerroug Chief Executive Officer Chief Financial Officer Chief Strategy, Transformation & Sustainability Officer 26 © ADNOC Distribution
Slide 27: ADNOC Distribution H1 2026 Results Presentation
ADNOC DISTRIBUTION H1 2026 RESULTS PRESENTATION IR@ADNOCDISTRIBUTION.AE
Slide 28: Operating performance
Key Achievements & Outlook Strategy Update H1 2026 Financial Results Closing Remarks Appendix Operating performance m liters Q2 2026 Q2 2025 YoY (%) H1 2026 H1 2025 YoY (%) H1 2026 7.7bn liters Retail (B2C) 2,686 2,731 -1.6% 5,376 5,324 1.0% Commercial (B2B) 1,247 1,168 6.7% 2,372 2,300 3.1% Fuel vo
Slide 29: Financial performance
Key Achievements & Outlook Strategy Update H1 2026 Financial Results Closing Remarks Appendix Financial performance $m Q2 2026 Q2 2025 YoY (%) H1 2026 H1 2025 YoY (%) H1 2026 Revenue Gross profit 3,594 661 2,352 458 52.8% 44.5% 5,999 1,158 4,659 898 28.8% 28.9% $786m EBITDA Gross margin, % 18.4% 19.
Slide 30: Investor relations resources
Key Achievements & Outlook Strategy Update H1 2026 Financial Results Closing Remarks Appendix Investor relations resources Contact us at: 2025 Your Feedback Annual Integrated Report Matters! ir@adnocdistribution.ae or ask ARIF, your Investor Relations AI assistant Available in multi-languages, inclu