27 slides from Abu Dhabi National Oil Company For Distribution's earnings presentation, Aug 8, 2022
Slide 1: Q2 2022 Results Presentation
ADNOC Classification: Public Q2 2022 RESULTS PRESENTATION INVESTOR & ANALYST CONFERENCE CALL 8 August 2022 ADNOC DISTRIBUTION
Slide 2: Agenda
ADNOC Classification: Public AGENDA 01 EXECUTIVE SUMMARY 02 STRATEGY UPDATE 03 Q2 2022 RESULTS 04 CLOSING REMARKS 2 ADNOC DISTRIBUTION | Q2 2022 RESULTS
Slide 3: Disclaimer
ADNOC Classification: Public 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 fut
Slide 4: Executive Summary
ADNOC Classification: Public 01 EXECUTIVE SUMMARY SPEAKER: ATHMANE BENZERROUG CHIEF INVESTOR RELATIONS OFFICER ADNOC DISTRIBUTION
Slide 5: Q2 2022 Key Highlights & 2022 Outlook
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q2 2022 Financial Results Closing Remarks Appendix Q2 2022 KEY HIGHLIGHTS & 2022 OUTLOOK Record-high quarterly EBITDA and Net Income coupled with strong execution momentum Robust financial and operating
Slide 6: ADNOC Distribution Sustainability Strategic Framework
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q2 2022 Financial Results Closing Remarks Appendix ADNOC DISTRIBUTION SUSTAINABILITY STRATEGIC FRAMEWORK Our Sustainability Strategic Framework is based on six pillars CLIMATE, EMISSIONS LOCAL ECONOMIC &
Slide 7: Growth Strategy Update
ADNOC Classification: Public 02 GROWTH STRATEGY UPDATE SPEAKER: BADER SAEED AL LAMKI CHIEF EXECUTIVE OFFICER ADNOC DISTRIBUTION
Slide 8: Key Strategic Update: Fuel Business
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q2 2022 Financial Results Closing Remarks Appendix KEY STRATEGIC UPDATE Fuel Business ● Q2 2022 fuel volumes close to Q1 2022 record level Retail fuel volumes up 3.4% y-o-y Commercial volumes up 14.7
Slide 9: Key Strategic Update: Non-Fuel Retail Business
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q2 2022 Financial Results Closing Remarks Appendix KEY STRATEGIC UPDATE Non-Fuel Retail business ● Focused on delivering ambitious non-fuel retail strategy through various initiatives such as: Refurbis
Slide 10: Key Strategic Update: ADNOC Rewards
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q2 2022 Financial Results Closing Remarks Appendix KEY STRATEGIC UPDATE Enhancing customer experience and loyalty through ADNOC Rewards app and marketing promotions As of Q2 2022: Over 1.4 MILLION MEMBER
Slide 11: Q2 2022 Results
ADNOC Classification: Public 03 Q2 2022 RESULTS SPEAKER: WAYNE BEIFUS CHIEF FINANCIAL OFFICER ADNOC DISTRIBUTION
Slide 12: Financial Performance
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q2 2022 Financial Results Closing Remarks Appendix FINANCIAL PERFORMANCE Record EBITDA and Net income Q2 2022 $m Q2 2022 Q2 2021 YoY (%) H1 2022 H1 2021 YoY (%) Revenue 2,352 1,366 72.1% 4,186 2,532 65.3
Slide 13: Operating Performance
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q2 2022 Financial Results Closing Remarks Appendix OPERATING PERFORMANCE Robust performance driven by volume growth Q2 2022 Million liters Q2 2022 Q2 2021 YoY (%) H1 2022 H1 2021 YoY (%) Retail (B2C) 1,6
Slide 14: Gross Profit by Segment
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q2 2022 Financial Results Closing Remarks Appendix GROSS PROFIT BY SEGMENT $m Q2 2022 Q2 2021 YoY (%) H1 2022 H1 2021 YoY (%) Retail (B2C) 340 234 45.4% 623 486 28.3% Of which Fuel 298 194 52.9% 538 408
Slide 15: EBITDA by Segment
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q2 2022 Financial Results Closing Remarks Appendix EBITDA BY SEGMENT $m Q2 2022 Q2 2021 YoY (%) H1 2022 H1 2021 YoY (%) Retail (B2C) 211 127 66.4% 374 274 36.8% Retail Margin 13.6% 13.3% 13.3% 15.5% Comm
Slide 16: OPEX Update
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q2 2022 Financial Results Closing Remarks Appendix OPEX UPDATE Remain committed to operational excellence Others1 Utilities 10% Distribution & Marketing 12% Q2 2022 Cash OPEX Split ($166m) 4% Repairs, 7%
Slide 17: Robust Cash Position
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q2 2022 Financial Results Closing Remarks Appendix ROBUST CASH POSITION Net debt / USD 657m of net cash generated 1.06x 0.77x EBITDA from operating activities 109 -125 2 -41 -350 548 758 614 Cash at Dec
Slide 18: Closing Remarks
ADNOC Classification: Public 04 CLOSING REMARKS SPEAKER: BADER SAEED AL LAMKI CHIEF EXECUTIVE OFFICER ADNOC DISTRIBUTION
Slide 19: Closing Remarks
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q1 2022 Financial Results Closing Remarks Appendix CLOSING REMARKS Record Q2 2022 results supporting growth momentum Strong Balance Sheet to Committed to continued in fuel and non-fuel in full-year pursu
Slide 20: Q&A
ADNOC Classification: Public Q&A Bader Saeed Al Lamki Wayne Beifus Athmane Benzerroug Chief Executive Officer Chief Financial Officer Chief Investor Relations Officer ADNOC ADNOCDISTRIBUTION Distribution
Slide 21: Thank You
ADNOC DISTRIBUTION Q2 RESULTS PRESENTATION INVESTOR AND ANALYST CONFERENCE CALL 8 AUGUST 2022 IR@ADNOCDISTRIBUTION.AE THANK YOU ADNOC DISTRIBUTION
Slide 22: Appendix
ADNOC Classification: Public 05 APPENDIX ADNOC DISTRIBUTION
Slide 23: ADNOC Distribution in Numbers – H1 2022
ADNOC Classification: Public ADNOC DISTRIBUTION IN NUMBERS – H1 2022 4.88 billion liters 359 $6.8 Total Fuel Volumes Convenience Stores in the UAE Average Gross Basket Size 472 88 million 31 Retail Fuel sites in the UAE Fuel Transactions Vehicle Inspection Centres** 66 19 million 0.0 Retail Fuel sit
Slide 24: ADNOC Distribution Unique Value Proposition
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q2 2022 Financial Results Closing Remarks Appendix ADNOC DISTRIBUTION UNIQUE VALUE PROPOSITION A focused, deliverable EBITDA profile of min. $1bn by 2023 Ambitious domestic growth expansion programme via
Slide 25: ADNOC Distribution Business Overview – FY 2021
ADNOC Classification: Public Executive Summary Strategy Update - Fuel Strategy Update – Non-Fuel Q2 2022 Financial Results Closing Remarks Appendix ADNOC DISTRIBUTION BUSINESS OVERVIEW – FY 2021 Retail (B2C) Commercial (B2B) Non-Fuel Retail Fuel Retail Convenience Lube Vehicle Property Corporate Avi
Slide 26: Agreement to acquire 50% stake in TotalEnergies Marketing Egypt
ADNOC Classification: Public On 29th July 2022, ADNOC Distribution announced an agreement to acquire 50% stake in TotalEnergies Marketing Egypt* Delivering on our commitment to accelerate international growth Egypt is an important Partnering with TotalEnergies, strategic market for growth a leading
Slide 27: Agreement to acquire 50% stake in TotalEnergies Marketing Egypt
ADNOC Classification: Public Agreement to acquire 50% stake in TotalEnergies Marketing Egypt Overview of the transaction* ADNOC Distribution announces a milestone international growth transaction with the agreement to acquire a 50% stake in TotalEnergies Marketing Egypt for c.$186m, with an additi