ALDREES PETROLEUM & TRANSPORT SERVICE CO.

COMPANY

Presentation

Q2 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 Q2 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 Q2 Fy2020 3

2422 Trailers

1205 Tractor Heads

5803 Employees

491

Gas Stations

58 years

189K Ton per week719 Million

Q2 Y2020 Revenue

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

• 3627 fleet strength of various types of trucks and trailers as of June 30, 2020

(1205 tractor heads & 2422 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

• 491 Petrol Stations as of June 30, 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 Q2 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 Q2 Fy2020 7

Annual Financial Resultsas of 30 June 2020

ITLE

8

Presented by

Rasmy G. Awad

Financial Consultant

Aldrees Presentation Q2 Fy2020

10Aldrees Presentation Q2 Fy2020

Number of Employees 3,455 3255 200 6.1% 2348 2239 109 4.9% 5803 5494 309 5.6%

Number of Stations 491 447 44 9.8% 0 0.0% 491 447 44 9.8%

Number of Trucks 0 0 0 0.0% 1205 1269 -64 -5.0% 1205 1269 -64 -5.0%

ELIMINATION

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

NET SALES 2,073,655 100% 2,485,287 100% (411,631) -16.6% 143,397 100% 179,175 100% (35,778) -20% 2,217,052 (39,960) 2,177,092 100% 2,626,253 100% (449,161) -17.1%

TOTAL COST OF SALES 1,970,265 95.0% 2,412,330 97.1% (442,066) -18.3% 116,038 80.9% 120,623 67.3% (4,585) -3.8% 2,086,303 (39,960) 2,046,342 94.0% 2,494,745 95.0% (448,403) -18.0%

GROSS PROFIT/(LOSS) 103,391 5.0% 72,956 2.9% 30,434 41.7% 27,359 19.1% 58,552 32.7% (31,193) -53.3% 130,750 130,750 6.0% 131,508 5.0% (758) -0.58%

EXPENSES

SALES PROMOTION EXPENSES 1,169 0.06% 2,017 0.08% (848) -42.1% 461 0.32% 712 0.40% (251) -35.2% 1,630 1,630 0.07% 2,729 0.10% (1,099) -40.3%

TOTAL GEN. & ADMIN. EXPENSES 46,722 2.3% 31,574 1.3% 15,148 48.0% 23,375 16.3% 27,593 15.4% (4,218) -15.3% 70,097 70,097 3.22% 59,167 2.3% 10,930 18.5%

TOTAL S,G&A EXPENSES 47,891 2.3% 33,591 1.4% 14,300 42.6% 23,837 16.6% 28,305 15.8% (4,469) -15.8% 71,727 71,727 3.29% 61,897 2.4% 9,831 15.88%

OPERATING INCOME 55,500 2.68% 39,365 1.58% 16,135 41.0% 3,523 2.5% 30,247 16.9% (26,724) -88% 59,022 59,022 2.71% 69,611 2.7% (10,589) -15.21%

FINANCIAL CHARGES 27,483 1.3% 25,787 1.0% 1,696 6.6% 3,742 2.6% 6,349 3.5% (2,607) -41.1% 31,226 31,226 1.4% 32,136 1.2% (911) -2.8%

OTHER INCOMES 17,984 0.87% 7,604 0.31% 10,380 136.5% 200 0.14% 6,149 3.43% (5,949) -96.7% 18,184 18,184 0.84% 13,753 0.52% 4,431 32.2%

SHARE OF PROFIT(LOSS) ON INVESTMENTS (1,344) -0.06% 0 0.0% (1,344) 0.00% 2,460 1.7% 0 0.0% 2,460 0.0% 1,116 1,116 0.1% 0 0.0% 1,116 0.0%

NET PROFIT/(LOSS) BEFORE ZAKAT 44,657 2.2% 21,182 0.9% 23,475 110.8% 2,440 1.7% 30,046 16.8% (27,606) -91.9% 47,097 47,097 2.2% 51,228 2.0% (4,131) -8.06%

ZAKAT 2,100 0.1% 2,025 0.08% 75 3.7% 327 0.2% 2,044 1.1% (1,717) -84.0% 2,427 2,427 0.1% 4,069 0.15% (1,642) -40.35%

NET PROFIT/(LOSS) 42,557 2.05% 19,157 0.77% 23,400 122.1% 2,113 1.5% 28,003 15.6% (25,889) -92.5% 44,670 44,670 2.05% 47,160 1.80% (2,489) -5.28%

(In Thousand Saudi Riyals)

1H 2019 VARIANCE 1H 2020PARTICULARS

PETROLEUM DIVISION TRANSPORT DIVISION1H 2020

Aldrees Petroleum and Transport Services Company

PROFIT & LOSS STATEMENT-SUMMARY

2020 versus 2019FOR 6-MONTH PERIOD ended 30 JUNE

1H 2020 1H 2019 VARIANCE1H 2019 VARIANCE 1H 2020

ALDREES - CONSOLIDATED

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2020 2019

491 447

Total Number of Stations as of 30 June 2020

Aldrees Presentation Q2 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 Q2 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 Q2 Fy2020

Purchase Sales Margin Purchase Sales Margin Purchase Sales Margin Purchase Sales Margin

Petrol 91 1.40 1.55 0.15 1.16 1.31 0.15 0.52 0.67 0.15 0.75 0.90 0.15

Petrol 95 1.90 2.05 0.15 1.32 1.47 0.15 0.67 0.82 0.15 0.93 1.08 0.15

Diesel 0.42 0.47 0.05 0.42 0.47 0.05 0.42 0.47 0.05 0.42 0.47 0.05

Effective 11 March 2020Fuel Type

Adjusted Rates

Effective 10 April 2020 Effective 11 May 2020 Effective 10 June 2020

Aldrees Presentation Q2 Fy2020 14

Description 2020 2019

Tractors Heads 1,205 1,270

Trailers 2,422 2,384

Total Number of Tractor Heads & Trailers as of 30 June FY2020

Aldrees Presentation Q2 Fy2020 15

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www.aldrees.com

Aldrees Presentation Q2 Fy2020

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

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NET INCOME/(LOSS) CONSOLIDATED 935,978 48.82 218,888.99 24.96 717,089.24 328 4,919,243 48.15 690,429.12 14.86 4,228,813.74 612.49

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NET INCOME/(LOSS) ALREES TRANSPORT DIV. SHARE 2,459,621

ALDREES BERTSCHI LOGISTICS SERVICES COMPANYINCOME STATEMENT 1ST HALF 30th JUNE 2020

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