Adnoc Logistics & Services Plc · ADX:ADNOCLS
Adnoc Logistics & Services — Investor Presentation (September 2024)
14 slides from Adnoc Logistics & Services's investor presentation, Sep 9, 2024
Slide 1: ADNOC Logistics & Services
ADNOC Classification: Internal ADNOC LOGISTICS & SERVICES INTEGRATED LOGISTICS | SHIPPING | MARINE SERVICES
Slide 2: Disclaimer
ADNOC Classification: Internal Disclaimer This presentation has been prepared by ADNOC Logistics & Services Plc (the ‘Company’) based on publicly available information and non-public information to assist you in making a preliminary analysis of the content referenced herein solely for informational
Slide 3: Agenda & Presenter
ADNOC Classification: Public ADNOC Classification: Internal Agenda & Presenter 1 Our Vision and Mission 2 Our Journey 3 Growth Strategy 4 Navig8 Acquisition Abdulkareem Al Masabi 5 Financial Summary Chief Executive Officer 6 Guidance 3
Slide 4: Our Vision And Mission
ADNOC Classification: Internal Our Vision And Mission A Global Energy Maritime Logistics Leader ADNOC Logistics & Services plc is the dedicated and vital logistics arm of ADNOC Group, providing mission- critical and highly specialized services across the entire energy value chain. 4
Slide 5: Our Journey
ADNOC Classification: Internal Our Journey 2016 Expanded Integrated Logistics ▪ Launched ILSP ▪ Expanded into Jack-Up Barges (JUBs) and CREATION OF ADNOC L&S Realized merger synergies Delivered accretive Shipping growth plan new markets VIA INTEGRATION OF ▪ Operations efficiency and unified ▪ Establ
Slide 6: Attractive and Accretive Growth Strategy
ADNOC Classification: Internal Attractive and Accretive Growth Strategy Focused and well-defined levers for growth GROW WITH ADNOC: SERVICE NEW 1 2 EXPAND SERVICE OFFERING TO 1 2 GROWTH AND EXPAND SERVICE CAPTURE ADITIONAL BUSINESS WITH OFFERING EXISTING CLIENTS ▪ Delivering additional value in exis
Slide 7: Strategic Growth Investments
ADNOC Classification: Internal Strategic Growth Investments1 2022 2023 2024 (YTD) • ZMI Acquisition • 4x VLCCs delivered • Navig8 Acquisition • 8 – 10x LNG Carriers • 6x LNG Carriers ordered; • 8x JUBs delivered (6x owned; ordered; all contracted 5x contracted 2x chartered-in) • 9x VLECs ordered; al
Slide 8: Accelerating our Growth Strategy
ADNOC Classification: Public ADNOC Classification: Internal Accelerating our Growth Strategy Expansion of fleet in line with transformational growth strategy to meet rising global demand for energy New building contracts for four (plus one New building contracts for four (plus one Delivery of six LN
Slide 9: Growth Through Partnership
ADNOC Classification: Public ADNOC Classification: Internal Growth Through Partnership ADNOC L&S’ JV with Wanhua Chemicals, AW Shipping, signed shipbuilding contracts for VLECs and VLACs 9 VLECs1 from Jiangnan Shipyard in China 2 to 4 VLACs2 from Jiangnan Shipyard in China ▪ Awarded shipbuilding con
Slide 10: Navig8 Overview
ADNOC Classification: Internal Navig8 Overview Shipping platform with 28x + 4x 12x Attractive, 6x 5.5m +1,500 1 High spec, value-added services Owned vessels young fleet TC-in vessels risk managed Pools MT of fuel Daily users + newbuilds portfolio traded p.a Global coverage Blue-chip customer base 2
Slide 11: Navig8 Acquisition - Rationale
ADNOC Classification: Internal Navig8 Acquisition - Rationale ADNOC L&S GCC operations: Navig8 delivers ADNOC L&S’ offering on a global scale, supplemented with new valuable service offerings Key complementary services added: Fleet Fuelling Commercial Technical Crew Additional Digital services Qatar
Slide 12: Financial Summary
ADNOC Classification: Internal Financial Summary Strong Financials (USD millions) 2023 2022 YoY % H1 24 H1 23 YoY % Revenue 2755 1952 41% 1,740 1,225 42% EBITDA 876 453 93% 591 417 42% Margin 32% 23% 9% 34% 34% 0% Net Profit 620 261 138% 401 307 31% Operating Free Cash Flow1 819 264 210% 533 305 75%
Slide 13: Group Medium Term Outlook – Update
ADNOC Classification: Public ADNOC Classification: Internal Group Medium Term Outlook – Update PF: Proforma 2024 results including Navig8 as though fully consolidated, basis prior year results Pre Navig8 Post Navig8 UPDATE ON CONSOLIDATED REVENUE 2024: Low to mid 30%s YoY growth PF 2024: Medium term
Slide 14: Thank You
ADNOC Classification: Internal THANK YOU www.adnocls.ae IR@adnocls.ae ADNOC Logistics & Services
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