Adnoc Distribution Sees at Least $1 Billion in Earnings by 2023: Carey

The Deputy CEO of Adnoc Distribution discusses the company's strategic objectives and growth plans at their First Capital Markets Day in London. Key messages include achieving over $1 billion in EBITDA, a strong dividend strategy, and expansion plans in the UAE and internationally, particularly in Saudi Arabia and India. The company emphasizes its disciplined investment policy and cost efficiency strategies, aiming for significant savings and sustainable growth.

What is the primary financial goal Adnoc Distribution aims to achieve by the end of the strategic period?

• Over $1 billion of EBITDA

• Doubling the number of convenience stores

• Expanding into five new countries

• Reducing operational costs by 50%

How does Adnoc Distribution view its dividend strategy?

• As a strategy to attract new customers

• As a temporary measure

• As a core part of its investment appeal

• As a secondary focus to growth

What is Adnoc Distribution's plan for expansion in Dubai?

• Reducing the number of sites

• Focusing solely on existing sites

• Opening in excess of 10 sites this year

• Opening 5 new sites this year

Why is Saudi Arabia considered a strategic market for Adnoc Distribution?

• It has a high demand for synthetic lubricants

• It offers higher margins than the UAE

• It has a desperate fuel market

• It is the largest market in the world

Which international market is Adnoc Distribution focusing on for its lubricants business?

• India

• Brazil

• China

• Russia

What is Adnoc Distribution's investment policy regarding returns?

• Greater than 25% IR

• Greater than 20% IR

• Greater than 10% IR

• Greater than 15% IR

How much cost savings did Adnoc Distribution achieve in 2018?

• $60 million

• $50 million

• $40 million

• $30 million