ALDREES PETROLEUM & TRANSPORT SERVICE CO.

COMPANY

Presentation

Q1 Fy2020

Historical Data

2

ALDREES

Since 1962

“Aldrees Petroleum and Transport Services Company”

Year 1962 – Aldrees was established as a family company.

The ALDREES group has nine divisions. Year 2006 - the two biggest divisions, the Petroleum and Transport became publicly listed company, known today as

Aldrees Presentation Q1 Fy2020

THE COMPANYTHE VISION

To be one of the top multi-commodity, bulk transportation companies and a Full Logistics

Services Provider (LSP) in the Kingdom of Saudi Arabia.

To be the undisputed No. 1 petroleum retail brand name in Saudi Arabia in terms of size,

excellent service and technology – Aldrees Petrol station in every corner.

THE MISSION

To consistently meet the logistical needs of its customers by providing comprehensive

transport solutions with its wide array of fleet and full services portfolio in logistics.

To provide total convenience to all motorists by operating petrol stations all over Saudi Arabia

that will serve as one-stop haven to re-fuel, rest and relax (3 Rs).

To be a catalyst of the nation’s growth through equitable benefits for all stakeholders and

continue achieving sustainable growth and deliver consistent good return to shareholders.

شركة الدريس للخدمات البترولية والنقلياتAldrees Presentation Q1 Fy2020 3

2390 Trailers

1223 Tractor Heads

5817 Employees

487

Gas Stations

58 years

189K Ton per week1.46 BillionQ1 Y2020 Revenue

One of the top multi-commodity transportation companies in Saudi Arabia

• 3613 fleet strength of various types of trucks and trailers as of Mar. 31, 2020

(1223 tractor heads & 2390 of various tanker, dumper, and trailer types)

• ISO 9001 & OHSAS 45001-certifed operation. SQAS Assessment Certification by Gulf Transport Service

• RC 14001:2015 – Certification on Transport Fleet Management and Operation & Maintenance Workshop

• GPS-equipped fleet for special projects

• ERP-supported operations

WHAT WE ARE NOW

The biggest petroleum retail company in Saudi Arabia

• 487 Petrol Stations as of Mar. 31, 2020

• ISO 9001:2015 & OHSAS 45001:2018 – Quality Management System - certified operation by SMG –Sustainable Management Group

• 1st RFID-equipped petrol pumps and automated dispensing system in Saudi Arabia!

• ERP-supported operations

ALDREES BERTSCHI LOGISTICS SERVICES CO. – Joint Venture with a global chemical logistics service provider BERTSCHI

• Full chemical logistics services: on-site & off-site

• Partnership with BERTSCHI: A Responsible Care Member

• Europe’s leader in Rail Logistics

• ISO Tank and Lined ISO Box Containers: Better than ISO Standard!

• Logistics support services, including tank cleaning, decanting, slitting, labeling, drumming, etc.

Aldrees Presentation Q1 Fy2020 5

2017

2016

2015

2015

2005

2004

2002

1962

Year 2002Became aLIMITED LIABILITY

COMPANY

Year 2005Became a

SAUDI JOINT STOCK COMPANY

with a start-up Capitalization of SAR200 million

Year 2017

Market capitalization was

increased to

SAR500 million

Year 1962

Started as a Saudi Limited

Partnership under the name

MOHAMMED SAAD ALDREES &

SONS CO.

Year 2004Officially named

ALDREES PETROLEUM AND

TRANSPORT SERVICES

COMPANY

Year 2015

Market capitalization was increased to SAR400 million

Year 2016Aldrees colorChanged for Re-branding.

Year 2015

A venture with BERTSCHI was officialy registered

with the Chamber of Commerce and named as

ALDREES BERTSCHI LOGISTICS COMPANY

2019

Year 2019

Market capitalization was

increased to

SAR600 million

TRANSPORT SAFETY & QUALITY

Aldrees Presentation Q1 Fy2020 7

Annual Financial Resultsas of 31 Mar. 2020

ITLE

8

Presented by

Rasmy G. Awad

Financial Consultant

Aldrees Presentation Q1 Fy2020

10Aldrees Presentation Q1 Fy2020

Number of Employees 3,462 3185 277 8.70% 2355 2202 153 6.95% 5817 5387 430 7.98%

Number of Stations 487 448 39 8.71% 0 0.00% 487 448 39 8.71%

Number of Trucks 0 0 0 0.00% 1223 1275 -52 -4.08% 1223 1275 -52 -4.08%

ELIMINATION

Amount Ratio Amount Ratio Amount % Amount Ratio Amount Ratio Amount % Amount Ratio ENTRIES Amount Ratio Amount Ratio Amount %

TOTAL SALES 1,406,894 100% 1,226,324 100% 180,571 14.72% 73,609 100% 91,995 100% (18,386) -19.99% 1,480,504 (22,692) 1,457,811 100% 1,299,798 100% 180,706 13.90%

NET SALES 1,406,894 100% 1,226,324 100% 180,571 14.72% 73,609 100% 91,995 100% (18,386) -19.99% 1,480,504 (22,692) 1,457,811 100% 1,299,798 100% 158,013 12.16%

TOTAL COST OF SALES 1,338,176 95.12% 1,189,982 97.04% 148,194 12.45% 57,604 78.26% 60,695 65.98% (3,091) -5.09% 1,395,780 (22,692) 1,373,087 94.19% 1,232,156 94.80% 140,932 11.44%

GROSS PROFIT/(LOSS) 68,719 4.88% 36,342 2.96% 32,377 89.09% 16,005 21.74% 31,301 34.02% (15,295) -48.87% 84,724 84,724 5.81% 67,642 5.20% 17,082 25.25%

EXPENSES

SALES PROMOTION EXPENSES 845 0.06% 880 0.07% (35) -3.98% 202 0.27% 369 0.40% (167) -45.23% 1,047 1,047 0.07% 1,249 0.10% (202) -16.18%

TOTAL GEN. & ADMIN. EXPENSES 19,673 1.40% 15,723 1.28% 3,950 25.12% 12,357 16.79% 14,017 15.24% (1,660) -11.84% 32,030 32,030 2.20% 29,740 2.29% 2,290 7.70%

TOTAL S,G&A EXPENSES 20,518 1.46% 16,603 1.35% 3,915 23.58% 12,559 17.06% 14,386 15.64% (1,827) -12.70% 33,077 33,077 2.27% 30,989 2.38% 2,088 6.74%

OPERATING INCOME 48,201 3.43% 19,739 1.61% 28,462 144.19% 3,446 4.68% 16,914 18.39% (13,469) -79.63% 51,647 51,647 3.54% 36,653 2.82% 14,994 40.91%

FINANCIAL CHARGES 17,979 1.28% 13,665 1.11% 4,314 31.57% 2,086 2.83% 3,114 3.38% (1,028) -33.00% 20,065 20,065 1.38% 16,779 1.29% 3,286 19.59%

SHARE OF LOSS ON INVESTMENTS (1,285) -0.09% 0 0.00% (1,285) 0.00% 968 1.32% 0 0.00% 968 0.00% (317) (317) -0.02% 0 0.00% (317) 0.00%

PROVISION FOR CONTNGENT LIABILITIES 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0 0.00% 0 0.00% 0.00% 0.00%

OTHER INCOMES 572 0.04% 7,717 0.63% (7,145) 92.6% (113) -0.15% 5,657 6.15% (5,770) -102.00% 459 459 0.03% 13,374 1.03% (12,915) -96.6%

NET PROFIT/(LOSS) BEFORE ZAKAT 29,509 2.10% 13,791 1.12% 15,719 113.98% 2,215 3.01% 19,458 21.15% (17,243) -88.62% 31,724 31,724 2.18% 33,248 2.56% (1,524) -4.58%

ZAKAT 1,260 0.09% 1,680 0.14% (420) -25.00% 177 0.24% 1,680 1.83% (1,503) -89.48% 1,437 1,437 0.10% 3,360 0.26% (1,923) -57.24%

NET PROFIT/(LOSS) 28,249 2.01% 12,111 0.99% 16,139 133.26% 2,038 2.77% 17,778 19.32% (15,740) -88.54% 30,288 30,288 2.08% 29,888 2.30% 399 1.34%

(In Thousand Saudi Riyals)

Q1 2019 VARIANCE Q1 2020PARTICULARS

PETROLEUM DIVISION TRANSPORT DIVISIONQ1 2020

Aldrees Petroleum and Transport Services Company

PROFIT & LOSS STATEMENT-SUMMARY

2020 versus 2019FOR Q1 ended 31 MARCH

Q1 2020 Q1 2019 VARIANCEQ1 2019 VARIANCE Q1 2020

ALDREES - CONSOLIDATED

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2020 2019

487 448

Total Number of Stations as of 31 Mar. 2020

Aldrees Presentation Q1 Fy2020

Stations All Over KSA10,000 stations

1st – ALDREES (5%)

3rd NAFT (2%)

Notes:An estimated of 10,000 Service Stations in KSA. ALDREES has the most number of Service Stations (5%) followed by Al Tashel’at at (3%), NAFT (2%) & SASCO (2%), and 88% is privately owned (among small players).

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Infographics of Gas Stations Kingdom wide (KSA)

2nd – AL-TASHELAT (3%)

3rd SASCO (2%)

4th Privately owned (88%)

Aldrees Presentation Q1 Fy2020

Fuel sales & cost rates (in Riyals) by Liter (Without VAT)

Notes: The above selling rates are within the 50 kilometers range from ARAMCO, then, for every additional 50 kilometers from refinery the selling rates are increased by one halala/liter.

13Aldrees Presentation Q1 Fy2020

Purchase Sales Margin Purchase Sales Margin Purchase Sales Margin

Petrol 91 1.35 1.50 0.15 1.40 1.55 0.15 1.40 1.55 0.15

Petrol 95 1.90 2.05 0.15 1.96 2.11 0.15 1.90 2.05 0.15

Diesel 0.42 0.47 0.05 0.42 0.47 0.05 0.42 0.47 0.05

Adjusted Rates

Effective 11 March 2020

Adjusted Rates

Effective 16 Feb. 2020Fuel Type

Adjusted Rates

Effective 20 Oct. 2019

Aldrees Presentation Q1 Fy2020 14

Description 2020 2019

Tractors Heads 1,223 1,275

Trailers 2,390 2,404

Total Number of Tractor Heads & Trailers as of 31 Mar. FY2020

Aldrees Presentation Q1 Fy2020 15

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www.aldrees.com

Aldrees Presentation Q1 Fy2020

Amount in Saudi Riyals

Amount Ratio Amount Ratio Amount Var % Amount Ratio Amount Ratio Amount Var %

-------------------- -------------------- -------------------- -------------------- -------------------- --------------------

NET INCOME/(LOSS) CONSOLIDATED 886,606 50 126,871 16 759,735 599 1,936,579 43 400,902 17 1,535,677 383.1 -------------------- -------------------- -------------------- -------------------- -------------------- --------------------

NET INCOME/(LOSS) ALDREES SHARE 968,289

ALDREES BERTSCHI LOGISTICS SERVICES COMPANYINCOME STATEMENT Q1 31st March 2020

YTD VarianceCurrent Period Same-Period-Last-Yr Current Variance Year-To-Date Year-To-Date-Last-Yr