Abu Dhabi National Oil Company For Distribution · ADX:ADNOCDIST
Abu Dhabi National Oil Company For Distribution — ADNOC Distribution — Q2 & H1 2025 Earnings Presentation
32 slides from Abu Dhabi National Oil Company For Distribution's earnings presentation, Aug 7, 2025
Slide 1: Q2 & H1 2025 Results Presentation
Q2 & H1 2025 RESULTS PRESENTATION 7 August 2025 ADNOC DISTRIBUTION
Slide 2: Agenda
Agenda 01 02 03 04 KEY ACHIEVEMENTS GROWTH Q2 & H1 2025 CLOSING AND OUTLOOK STRATEGY UPDATE RESULTS REMARKS ————————— ————————— ————————— ————————— 2 © ADNOC Distribution
Slide 3: Disclaimer
Disclaimer This communication includes forward-looking statements which relate to, among other things, our plans, objectives, goals, strategies, future operational performance and anticipated developments in markets in which operate and in which we may operate in the future. These forward-looking st
Slide 4: Key Achievements & Outlook
KEY ACHIEVEMENTS & OUTLOOK 01 Bader Saeed Al Lamki Chief Executive Officer ADNOC DISTRIBUTION
Slide 5: Committed to 100% HSE
Key Achievements & Outlook Strategy Update Q2 & H1 2025 Financial Results Closing Remarks Appendix Committed to 100% HSE H1 2025 HSE performance 0.04 mmhrs TRIR* ————————————— Zero fatalities ————————————— Zero catastrophic events ————————————— 5 © ADNOC Distribution *Total Recordable Injury / Illne
Slide 6: Strong progress in our sustainability agenda
Key Achievements & Outlook Strategy Update Q2 & H1 2025 Financial Results Closing Remarks Appendix Strong progress in our sustainability agenda – embedding sustainability in our day-to-day operations Energy optimisation Reduce energy use across our assets through efficient Targeting25% systems and o
Slide 7: ADNOC Distribution equity story
Key Achievements & Outlook Strategy Update Q1 2025 Financial Results Closing Remarks Appendix ADNOC Distribution equity story Shareholder value Robust performance and Focus on delivering creation cashflow visibility sustainable growth ————————————— ————————————— ————————————— Value creation since IP
Slide 8: H1 2025: double-digit EBITDA and net profit growth
Key Achievements & Outlook Strategy Update Q2 & H1 2025 Financial Results Closing Remarks Appendix H1 2025: double-digit EBITDA and net profit growth driven by record H1 volumes and continuous strong NFR* performance Underlying Free cashflow Gross profit EBITDA Lorem ipsum Net profit ROCE EBITDA** b
Slide 9: ADNOC Rewards loyalty programme
Key Achievements & Outlook Strategy Update Q2 & H1 2025 Financial Results Closing Remarks Appendix ADNOC Rewards loyalty programme Covering over half of 4+ million vehicles in the UAE 2.46 million ADNOC Rewards members ————————————— +20% year-on-year increase in membership ————————————— ~400 thousan
Slide 10: New guidance for number of stations
Key Achievements & Outlook Strategy Update Q2 & H1 2025 Financial Results Closing Remarks Appendix New 2025 guidance for # of stations 60-70 additional service stations including 50-60 stations in KSA under CAPEX-light DOCO* model (vs. previous guidance from Feb. 2025: 40-50 stations, incl. 30-40 DO
Slide 11: Growth Strategy Update
GROWTH STRATEGY UPDATE 02 Athmane Benzerroug Chief Strategy, Transformation & Sustainability Officer ADNOC DISTRIBUTION
Slide 12: Fuel retail in H1 2025
Key Achievements & Outlook Strategy Update Q2 & H1 2025 Financial Results Closing Remarks Appendix Fuel retail in H1 2025 Record H1 volumes: retail fuel demand growth momentum sustained +7 new stations UAE: +6 (incl. Dubai: +1), Egypt: +1 ————————————— Contracted 40 more stations in KSA under CAPEX-
Slide 13: Accelerating smart growth on a dynamic KSA market
Key Achievements & Outlook Strategy Update Q2 & H1 2025 Financial Results Closing Remarks Appendix Accelerating smart growth on a dynamic KSA market Double track strategy: maximize value with existing COCO*, expand fast with capital-light DOCO** How capital-light DOCO** model works? 2. Implementing
Slide 14: Future-proofing our business in H1 2025
Key Achievements & Outlook Strategy Update Q2 & H1 2025 Financial Results Closing Remarks Appendix Future-proofing our business in H1 2025 Leveraging UAE network and unlocking attractive margins Disciplined roll-out 3X growth* to >300 EV charging points installed across our network in strategic loca
Slide 15: Non-fuel retail continues to grow much faster than fuel
Key Achievements & Outlook Strategy Update Q2 & H1 2025 Financial Results Closing Remarks Appendix Non-fuel retail continues to grow much faster than fuel in H1 2025 +15% NFR gross profit driven by growth in convenience stores, property management and car wash ————————————— +11% daily* non-fuel tran
Slide 16: Zoom-in: C-store growth through category management and loyalty
Key Achievements & Outlook Strategy Update Q2 & H1 2025 Financial Results Closing Remarks Appendix Zoom-in: C-store growth through category management, focused marketing campaigns, technology and loyalty Reinventing C-store experience ‘as ‘foodvenience’ destination including with best-in-class Oasis
Slide 17: Beyond C-stores targeting higher contribution from all verticals
Key Achievements & Outlook Strategy Update Q2 & H1 2025 Financial Results Closing Remarks Appendix Beyond C-stores targeting higher contribution from all business verticals Create a one-stop destination for car care services by leveraging strong car wash, lube change and vehicle inspection centers f
Slide 18: AI & digital strategy
Key Achievements & Outlook Strategy Update Q2 & H1 2025 Financial Results Closing Remarks Appendix AI & digital strategy More than 20 new AI projects underway across our value chain Drive growth Deliver enhanced efficiency Elevate customer experience ADNOC Distribution is using AI to AI is driving o
Slide 19: Q2 & H1 2025 Results
03 Q2 & H1 2025 RESULTS Ali Siddiqi Acting Chief Financial Officer ADNOC DISTRIBUTION
Slide 20: H1 2025: double-digit EBITDA and net profit growth
Key Achievements & Outlook Strategy Update Q2 & H1 2025 Financial Results Closing Remarks Appendix H1 2025: double-digit EBITDA and net profit growth Delivering record-high H1 EBITDA and underlying EBITDA EBITDA and underlying EBITDA*, $m Net profit, $m ———————————————————— ———————————————————— +10%
Slide 21: Record H1 operating performance
Key Achievements & Outlook Strategy Update Q2 & H1 2025 Financial Results Closing Remarks Appendix Record H1 operating performance Growth momentum sustained across all business verticals in fuel and non-fuel segments Fuel volumes, mL Fuel transactions, UAE, m Non-fuel transactions, UAE, m ——————————
Slide 22: H1 2025 gross profit by operating segment
Key Achievements & Outlook Strategy Update Q2 & H1 2025 Financial Results Closing Remarks Appendix H1 2025 gross profit by operating segment Aviation +9% total GP record H1 performance 6% ————————————— +3% fuel GP Corporate (B2B) 20% driven by consistent volume growth ————————————— +15% NFR* GP $898
Slide 23: H1 2025 OPEX and efficiency improvement
Key Achievements & Outlook Strategy Update Q2 & H1 2025 Financial Results Closing Remarks Appendix H1 2025 OPEX and efficiency improvement Other* Staff costs +6% cash OPEX 14% reflecting 3% growth in the Company’s network Utilities ————————————— 9% $3 million Distribution & marketing 3% like-for-lik
Slide 24: H1 2025 EBITDA by operating segment
Key Achievements & Outlook Strategy Update Q2 & H1 2025 Financial Results Closing Remarks Appendix H1 2025 EBITDA by operating segment +10% EBITDA Aviation Unallocated** driven by strong growth across all businesses, Corporate 8% Retail despite lower impact of inventory gains (B2B) (B2C) ———————————
Slide 25: H1 2025 cash generation
Key Achievements & Outlook Strategy Update Q2 & H1 2025 Financial Results Closing Remarks Appendix H1 2025 cash generation $408 million - 135 free cashflow before the effect of changes - 163 in working capital movements 571 - 47 ————————————— - 358 $700 million* 2025 dividend supported by visibility
Slide 26: Closing Remarks
CLOSING REMARKS 04 Bader Saeed Al Lamki Chief Executive Officer ADNOC DISTRIBUTION
Slide 27: Closing remarks
Key Achievements & Outlook Strategy Update Q2 & H1 2025 Financial Results Closing Remarks Appendix Closing remarks Focusing on the UAE market, non-fuel retail and operational excellence Maintaining strong earnings Deliver incremental and sustainable Efficient capital allocation momentum in H1 2025 g
Slide 28: Q&A
Key Achievements & Outlook Strategy Update Q2 & H1 2025 Financial Results Closing Remarks Appendix Q&A Bader Saeed Al Lamki Ali Siddiqi Athmane Benzerroug Chief Executive Officer Acting Chief Financial Chief Strategy, Transformation Officer & Sustainability Officer © ADNOC Distribution
Slide 29: Appendix
ADNOC DISTRIBUTION Q2 & H1 2025 RESULTS PRESENTATION IR@ADNOCDISTRIBUTION.AE ADNOC DISTRIBUTION
Slide 30: Operating performance
Key Achievements & Outlook Strategy Update Q2 & Q1H1 2025 2024 Financial Financial Results Results Closing Remarks Appendix Operating performance million liters Q2 2025 Q2 2024 YoY (%) H1 2025 H1 2024 YoY (%) H1 2025 7.6bn liters Retail (B2C) 2,731 2,482 10.0% 5,324 5,011 6.3% Commercial (B2B) 1,168
Slide 31: Financial performance
Key Achievements & Outlook Strategy Update Q1H1 Q2 & 2024 Financial 2025 Results Financial Results Closing Remarks Appendix Financial performance $m Q2 2025 Q2 2024 YoY (%) H1 2025 H1 2024 YoY (%) H1 2025 Revenue Gross profit 2,352 458 2,392 420 -1.7% 9.1% 4,659 898 4,774 823 -2.4% 9.2% $566m EBITDA
Slide 32: Investor relations resources
Key Achievements & Outlook Strategy Update Q1H1 Q2 & 2024 Financial 2025 Results Financial Results Closing Remarks Appendix Investor relations resources Contact us at: 2024 Your Feedback Annual Report Matters! ir@adnocdistribution.ae Or ask ARIF, your Investor Relations AI assistant 2024 Available i
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