Catrion Catering Holding Company · TADAWUL:6004
Catrion Catering — Q3 2025 Earnings Presentation
38 slides from Catrion Catering's earnings presentation, 2025
Slide 1: Investors Presentation 2025
CATRIS.2N Investors 2025 Presentation
Slide 2: Contents
[CATRION | nvestorsPresentaton @3 2025 Contents Page | 2 Overview > About CATRION + 40" Year Anniversary & Achievements Business Structure + Board and Executive Leadership + Shareholding Structure Business Model & Segments + Catrion Service Offering + In-Flight Catering + Integrated Hospitality + Re
Slide 3: Four Decades of Catering Excellence
CATRION | Investors Presentation @5 2025 Page 1 3 Four Decades of Catering Excellence Neom Dammam Cairo Madinah Riyadh Jeddah Since being founded in 1981 as the catering arm of Saudi Arabian Airlines, CATRION has been on an amazing journey to establish an organization and reputation that is recogniz
Slide 4: Diversified Contributions During +40 Years
CATRION | in Presentation @3 2025 Page | 4 Diversified Contributions During +40 Years 1983 1984 1985 1999 2001 2006 SACCexpandsits operations _Launchof Egypt ‘SACC takes over SkySales, ‘SACCexpands itsoperations Launch ofMadina «SCC securesits first ten-year (SACO) sestablishedatJeddah’s —toRiyadh,l
Slide 5: Board of Directors
Presentation @3 2025 Page 1 5 Board of Directors Mohammed Abdulaziz Al Sarhan Fahad Abdullah Mousa Abdulwahab Abdulkarim Albetari Dr.Eyad Adam Buhulaiga Chairman of the Board of Directors Vice Chairman of the Board of Directors, Board of Director Member Board of Director Member : x a Ss re =~) ; i >
Slide 6: The Executive Team
CATRION | inves Page 1 6 The Executive Team A\ Mohammed AlShuhail Mahmoud Masoud Rashed Alarfaj Thamer Alturaif ‘Simon Khayat Adrian Stock Chief Executive Officer EVP ~ Chief Finabcial Officer EVP ~ In Flight Catering EVP - Chief Human EVP ~ Chief Integrated EVP ~ Supply Chain Resources Officer Hosp
Slide 7: Shareholding Structure
Shareholding Structure Currency SAR Listing Date 2012 Financial Year 31 December 2024 Market Capitalization (SAR Bn) 91 Issued Shares 82,000,000 Paid Capital (SAR) 820,000,000 Closing Price (SAR) m 52-week Low / High (SAR) 92.2 / 147.4 *Asper 14” September 2025 We continue to maintain a strong and s
Slide 8: Catrion Service Offering
Presentation @3 2025 Page 1 8 CATRION | Inve CATRION Healthcare inGlon. Cateding 850 ight day reaching 1600 fights dain Service Offering 33 Sites in KSA years. 5 catering facilities produce 205,000 meals daily reaching 480,000 mealsdailyin3 years Airport Lounges 11,000 passengers daily reaching 20,0
Slide 9: In-Flight Catering
In-Flight Catering
Slide 10: In-Flight Catering
[CATRION | nvestorsPresentaton @3 2025 Page | 10 & ° In-Flight Catering ecceosces Our Airlines Catering Services Cover: Equipment Management Operating six food production units located + Our core business is based on scale, quality and consistency — working to world-class standards of health and saf
Slide 11: Central Production Unit
[CATRION | nvestorsPresentaton @3 2025 Page | 11 Central Production Unit Utilizing the latest technology of using air-liquid nitrogen to freeze meals hard up to (-18 degrees Celsius) in compliance with the International Standard of Food & Safety Manual and HACCP. Frozen Meals & Goods Supply Offering
Slide 12: Airport Lounges
CATRION ° Pooe 112 es Airport Lounges 4 — > CATRION + COZAYA + Alfursan = + Wellcome Lounge AlTanfeethi Operation Building Delayed Flight Services PrimeClass Lounge Emirates Lounge
Slide 13: Airport Lounges and Hospitality Services
CCATRION Investors Presentation Page 113 Inflight Catering Airport Lounges + CATRION also provides building facilities and services , ams for the Airlines operation center in Riyadh and 3 gla alo airports for the on-ground delayed flights + Our Hospitality Services are designed to provide unique hos
Slide 14: 2024 ACT 2025 ACT 2023 ACT
+27% +9% +25% +11% +26% +10% 105 90 195 96 82 177 82 73 155 90 82 73 96 105 82 2023 ACT 2024 ACT 2025 ACT 2023 ACT 2024 ACT 2025 ACT 2023 ACT 2024 ACT 2025 ACT +33% +14% +14% +7% +19% +9% 11,262 25,184 36,446 23,549 9,868 22,093 33,417 30,535 8,442 25,184 23,549 22,093 8,442 9,868 11,262 2023 ACT 20
Slide 15: OCT NOV JAN
11.1 11.0 12.3 12.2 12.1 10.5 10.3 11.5 11.6 11.8 11.7 10.3 10.1 11.3 9.9 10.1 9.8 11.1 11.1 9.5 9.9 9.6 11.0 10.9 11.0 10.2 11.0 9.1 9.0 9.1 10.6 10.8 9.0 9.0 10.5 10.4 10.1 8.9 8.7 8.6 8.6 10.1 9.6 8.7 8.6 8.6 10.1 9.5 9.3 8.2 8.2 8.3 9.5 9.4 7.8 9.2 9.2 8.0 9.2 9.1 7.6 7.3 8.8 7.2 8.3 6.8 JAN FEB
Slide 16: FEB MAR APR
3,423 1,499 3,101 3,040 1,420 3,019 3,006 2,940 2,911 2,880 1,222 2,946 2,896 1,236 1,218 1,177 2,809 1,203 2,809 1,199 2,745 2,726 1,178 1,175 1,158 1,182 2,675 1,109 2,765 1,193 1,095 2,613 1,087 1,126 2,566 1,025 1,044 2,474 2,569 2,591 2,598 1,071 1,070 1,018 1,063 2,496 1,034 1,053 2,361 2,546
Slide 17: SEP OCT JAN
108.7 132.7 128.6 129.8 130.9 124.9 128.4 121.9 94.1 116.1 115.6 117.2 88.5 87.8 85.8 89.2 102.9 93.7 98.8 99.8 102.2 79.9 93.4 81.7 81.2 90.6 91.1 91.9 77.5 81.2 84.3 76.6 78.4 79.2 84.4 75.7 77.1 78.0 78.9 73.6 72.1 76.6 76.2 68.6 69.9 70.3 68.7 68.1 69.5 67.9 67.4 66.2 65.1 68.0 59.3 63.8 65.1 68
Slide 18: In-Flight Catering Major Clients
In-Flight Catering Major Clients Ww euaooul We we we Q) RIYADH AIR =hy a Be Saudia Saudia Saudia Saudia valyll gba Cargo Private Royal Fleet ——, A “T7 sasnanwas > = © Lufthansa «= up cuia ame TAS Fanci issih Anes > ALPHA STAR fmalaygia ss EGYPTAIR]? (MG eritppine Airtnes Garuda Indonesia AVIATION SE
Slide 19: Retail: On-Board, Ground Shop, E-Commerce
ofe ee Oe Page | 19 CATRION | Investors Presentation + On-Board + Ground Shop + E-Commerce Serene tase tee
Slide 20: Retail
Page | 20 Retail Our retail operations started back in 1985 when Saudia handed us its prestigious in-flight retail service “SkySales”. Our retail services have grown ever since to cover the following: In-flight shopping services We manage multiple on-ground Managing online retail operations managed
Slide 21: Integrated Hospitality
° 0° CATRION | Prose Page | 21 ° . %e Integrated Hospitality + Businesses & Industries + Remote Sites + Railway + Hajj & Umrah + Hospitality & Events + Laundry Services + Camp Management + Healthcare
Slide 22: Non-Airline Catering Services
We started the Non-Airline Catering Services in 2008 to offer a wide range of catering solutions of local and international dishes of food varieties that our chefs smartly design and innovate according to the requirements of each contract and which achieve the client's budget and meet their needs. e
Slide 23: Partnerships
CATRION Partnerships Highlighting some of our valued clients. In-flight Catering Hajj & Umrah CoE acta eecalines Al Pritopine Airines Flyngs malaysia D B&i & Railways es olatlalbacion a5 United arte indus Company (A) eS Page | 23 & 0° Remote Site Healthcare > S ‘ pial psp fre Sua Germas cath ON Ge g
Slide 24: Quality, Safety and Standards (HSSC)
HSSC aims to develop, implement, maintain, and continuously improve the standards and systems across the organization by meeting the International, national, and customer-specific requirements to ensure the highest level of customer excellence Food Safety & Hygiene Quality Management ISO 22000, FSSC
Slide 25: Strategy and Outlook
Page | 25 [CATRION | nvestorsPresentaton @3 2025 Strategy and Outlook
Slide 26: Growth Drivers
Growth Drivers International Flight Increase in International Flights by 15% in Q3-2025 vs Q3-2024 In Q3-2025, international flight counts have risen compared to Q3-2024. This increase is mainly attributed to Tourism and business travel growth and Expand Flight Operations while offering ticket promo
Slide 27: Business Strategy 2024 - 2026
CATRION Business Strategy 2024 - 2026 Diversify & Accelerate Strategic Objective/ Become the national champion for catering in the KSA Target Maintain Market Leadership in IFC Scale upin C&F Increase agility and adopta + Develop compelling CATRION Bieter: cocercipisisctnen ‘customer centric approach
Slide 28: Strategy Execution Roadmap 2024 - 2026
CATRION | Investors Presentation @ Page | 28 CATRION Strategy Execution Roadmap 2024 - 2026 Maintain Market Scale up C&F and Leadership and Explore New Optimize IFC Opportunities Increase agility and adopt a customer centric approach Optimize Food and Labour Cost Revamp Organization, processes, auto
Slide 29: Outlook & Priorities For 2025
Outlook & Priorities For 2025 yw Leverage Positive Market Dynamics \ 7 Maximize Strategic Driven By Vision 2030 ~\ __ Business Initiatives + Integrated Hospitality pursuing further opportunities with government + Investment and development of Human Capital & Healthcare clients, remote events & sport
Slide 30: Q3-2025 Financial Performance Highlights
Q3-2025 Financial Performance Highlights e
Slide 31: Q3-2025 Financial Performance Highlights
Q3-2025 Financial Performance Highlights Revenues Continued upward trajectory in Q3-2025 was 617.2 R M against Q3 Last year of 587.2 R M, increase of 5.1% mainly from Inflight Catering. Cost of Sales Increased in Q3-2025 by 3.7% over Q3-2024 due to increase of sales Operating profit Decreased in Q3-
Slide 32: M ➢ R R R R R R ➢ R R R ▪ ▪
M ➢ R R R R R R ➢ R R R ▪ ▪ M ➢ R R R R R ➢ R R R
Slide 33: Quarterly Segment Sales
CATRION | Investors Presentation @5 2025 Page | 33 Quarterly Segment Sales Ml inflight Catering Hilintegrated Hospitality 100,0% 100,0% — 100,0% — 100,0% = 100,0% — 100,0% — 100,0% 1024 2924 3Q24 4Q24 1025 2Q25 3Q25 Revenue 1024 2024 3024 4Q24 1025 2025 3025 Inflight Catering 435.3 442.5 4696 476.6
Slide 34: Revenue, Gross Profit, Net Income and Profitability Ratios
[CATRION | nvestorsPresentaton @3 2025 Page | 34 JM Revenue pa Gross Profit 45.1%. 48.7% 4+1,2% | +6,6% | 0% 1 | ina 1 | 564.8 4 I 617,3 1745 179.5 Qt-24 Q2-24 Q3-24 4-24 Q1-25 Q2-25 Q3-25 Qt-24 Q2-24 Q3-24 4-24 Q1-25 Q2-25 Q3-25 JM Net Income am Profitability Ratios 15% — © — Gross Profit Margin —
Slide 35: Key Financial Ratios
[CATRION | nvestorsPresentaton @3 2025 3 Quarter Key Financial Ratios Page | 35 Gross Profit % of Revenue Hl Gross Profit ~ © — Gross Profit Margin 28,1% 29,1% Q3-2024 Q3-2025 Total Operating Profit % of Revenue [ll Operating Profit — © — Operating Profit Margin 14,7 ery ) 108,3 Ro% 17.5% Q3-2024 Q3
Slide 36: Key Balance Sheet Ratios
[CATRION | nvestorsPresentaton @3 2025 Key Balance Sheet Ratios Page | 36 Accumulated Profit To Share Capital Return On Equity 47,0% 53,0% 7.6% 65% Q3-2024 Q3-2025 Q3-2024 Q3-2025 Net Debt To Equity Current Ratio 5%) 92,0% 2024 @3-2025 2024 @3-2025 Mainly due to: + Redsea loan of 396.5 R ‘M + IFRS 1
Slide 37: Q3-2019 To Q3-2025 Revenue Breakdown
[CATRION | nvestorsPresentaton @3 2025 Page | 37 Q3-2019 To Q3-2025 Revenue Breakdown e%o ° ° *e0 Revenue Breakdown by R M Revenue Breakdown by % += 100% ae 617 Q3-2019 Q3-2020 Q3-2021 Q3-2022 Q3-2023 Q3-2024 Q3-2025 Q3-2019 Q3-2020 Q3-2021 Q3-2022 Q3-2023 Q3-2024 Q3-2025 Ml inflight Catering *Amoun
Slide 38: Thank you.
Thank you.
Catrion Catering Holding Company — Q3 2025 Earnings Presentation on 6ix