Adnoc Gas Plc · ADX:ADNOCGAS
Adnoc Gas — ADNOC Murban RSC — Debt Investor Presentation (June 2025)
11 slides from Adnoc Gas's debt investor presentation, June 2025
Slide 1: ADNOC Murban RSC Ltd Q1-25 Financials Snapshot
ADNOC MURBAN RSC LTD Q1 - 25 FINANCIALS SNAPSHOT June 2025
Slide 2: Attractive Credit and De-Risked Proposition
ATTRACTIVE CREDIT AND DE-RISKED PROPOSITION 1 2 3 HIGHLY STRATEGIC TO THE EMIRATE OF PRODUCES AMONGST THE CLEANEST COMMITTED TO LONG-TERM ABU DHABI AND CHEAPEST BARRELS SUSTAINABILITY 39%1 <7 tCO2e/kboe2 Up to 93% Hydrocarbon sector contribution to One of the lowest carbon emissions ADNOC’s imported
Slide 3: The Primary Debt Capital Markets Entity Within ADNOC
THE PRIMARY DEBT CAPITAL MARKETS ENTITY WITHIN ADNOC ADNOC MURBAN RSC LTD IS THE PRIMARY DEBT CAPITAL MARKETS ENTITY WITHIN THE ADNOC GROUP… Significantly large asset base of $475 Bn4 Centralization of Commitment to Target to Maintain Funding Program Group Capital Ongoing Investor Credit Profile in
Slide 4: Accounting Treatment of Murban Crude Invoicing
ACCOUNTING TREATMENT OF MURBAN CRUDE INVOICING Three-Month Period Ended 31 March 2025 for Illustration Purposes 1 $MM 31-Mar-251 INVOICED1 INCOME Invoiced and paid STATEMENT1 Cash received5: Total Invoiced Murban $1,542 MM ADNOC Trading 1,593 Revenue2 $1.6 Bn ADNOC 5,203 2 ADNOC Trading Invoiced and
Slide 5: Financial Statements
FINANCIAL STATEMENTS ASSETS ($MM) 31-Mar-251 31-Dec-24 PROFIT OR LOSS ($MM) 31-Mar-251 31-Mar-24 CASH FLOWS ($MM) 31-Mar-251 31-Mar-24 1 Non-current assets Cash receipts from ADNOC Financial asset at FVTPL2 444,221 446,675 Revenue 4 1,593 1,687 Trading on account of crude 1,542 2,882 Current assets
Slide 6: Appendix: ADNOC Murban RSC Ltd Structure
APPENDIX: ADNOC MURBAN RSC LTD STRUCTURE
Slide 7: Ownership Chain of Crude Flow
OWNERSHIP CHAIN OF CRUDE FLOW Point at which title to Crude Oil transfers to the Participants (40% to International Oil Companies and 60% to ADNOC) ADNOC Trading ADNOC Trading / ADNOC Customers 2 3 ADNOC MURBAN RSC LTD Crude Oil from 1 Note: Issuer / Obligor is entitled to sell untaken Onshore crude
Slide 8: Structure Highlights
ADNOC MURBAN RSC LTD STRUCTURE HIGHLIGHTS ADNOC ADNOC Trading ISSUER / OBLIGOR 2 ADNOC Offtake 1 Agreement Assignment Note: Issuer / Obligor is entitled to sell any Owned by ADNOC Agreement crude oil not offtaken by ADNOC or ADNOC Contractual Agreement Trading to any person through ADNOC Trading ADN
Slide 9: Attractive Credit Proposition for Bondholders
ATTRACTIVE CREDIT PROPOSITION FOR BONDHOLDERS ISSUER / OBLIGOR BENEFITS FROM AN ATTRACTIVE RISK PROFILE Attractive risk profile as ADNOC ADNOC MURBAN RSC LTD does not bear any of the operating expense, capital expenses, OBLIGATIONS CASH royalties or taxes required for the production and delivery of
Slide 10: Thank You
THANK YOU For any questions, please reach out to our Investor Relations at: ir@adnoc.ae 10
Slide 11: Disclaimer
DISCLAIMER The information contained herein has been prepared by Abu Dhabi National Oil Company (“ADNOC”). The information contained in this presentation may not have been reviewed or reported on by ADNOC’s auditors. ADNOC relies on information obtained from sources believed to be reliable but does
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