ALDREES PETROLEUM & TRANSPORT SERVICE CO.

COMPANY

Presentation

2020

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 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 Fy2020 3

2444 Trailers

1250 Tractor Heads

5752 Employees

544

Gas Stations

58 years

153K Tons per week4.9 Billion

FY2020 Revenue

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

• 3694 fleet strength of various types of trucks and trailers as of Dec. 31, 2020

(1250 tractor heads & 2444 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

• 544 Petrol Stations as of Dec. 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 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 Fy2020 7

Financial Resultsas of 31 Dec. 2020

ITLE

8

Presented by

Rasmy G. Awad

Financial Consultant

Aldrees Presentation Fy2020

10Aldrees Presentation Fy2020

Number of Employees 3,525 3230 295 9.13% 2227 2183 44 2.02% 5752 5413 339 6.26%

Number of Stations 544 482 62 12.86% 0 0.00% 544 482 62 12.86%

Number of Trucks 0 0 0 0.00% 1250 1255 -5 -0.40% 1250 1255 -5 -0.40%

ELIMINATION

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

NET SALES 4,767,553 100% 5,402,968 100% (635,414) -11.8% 294,545 100% 358,760 100% (64,215) -18% 5,062,099 (88,001) 4,974,097 100% 5,681,129 100% (707,032) -12.4%

TOTAL COST OF SALES 4,504,534 94.5% 5,055,732 93.6% (551,199) -10.9% 231,779 78.7% 244,395 68.1% (12,616) -5.2% 4,736,313 (88,001) 4,648,312 93.5% 5,219,530 91.9% (571,218) -10.9%

GROSS PROFIT/(LOSS) 263,020 5.5% 347,235 6.4% (84,216) -24.3% 62,766 21.3% 114,364 31.9% (51,598) -45.1% 325,785 325,785 6.5% 461,599 8.1% (135,814) -29.4%

EXPENSES

SALES PROMOTION EXPENSES 2,140 0.04% 3,925 0.07% (1,784) -45.5% 1,168 0.40% 1,189 0.33% (21) -1.8% 3,308 3,308 0.07% 5,114 0.09% (1,806) -35.31%

TOTAL GEN. & ADMIN. EXPENSES 85,525 1.8% 88,007 1.6% (2,482) -2.8% 48,592 16.5% 54,643 15.2% (6,051) -11.1% 134,117 134,117 2.70% 142,650 2.51% (8,533) -5.98%

TOTAL S,G&A EXPENSES 87,665 1.8% 91,931 1.7% (4,267) -4.6% 49,760 16.9% 55,832 15.6% (6,072) -10.9% 137,425 137,425 2.76% 147,764 2.60% (10,339) -7.00%

OPERATING INCOME 175,355 3.68% 255,304 4.73% (79,949) -31.3% 13,006 4.4% 58,532 16.3% (45,526) -78% 188,361 188,361 3.79% 313,836 5.52% (125,475) -39.98%

FINANCIAL CHARGES 77,454 1.6% 62,773 1.2% 14,681 23.4% 6,795 2.31% 11,555 3.22% (4,760) -41.19% 84,249 84,249 1.69% 74,328 1.31% 9,921 13.35%

PROVISION FOR CONTNGENT LIABILITIES 0 0.0% 17,407 0.3% (17,407) -100.00% 0 0.00% 0 0.00% 0 0.00% 0 0 0.00% 17,407 0.31% (17,407) -100.00%

SHARE OF PROFIT(LOSS) ON INVESTMENTS (1,104) -0.02% 1,398 0.0% (2,501) -178.95% 4,495 1.53% 917 0.26% 3,578 390.30% 3,391 3,391 0.07% 2,315 0.04% 1,077 46.53%

OTHER INCOMES 18,570 0.39% 76,323 1.41% (57,753) -75.67% 4,767 1.62% 8,172 2.28% (3,405) -41.67% 18,843 18,843 0.38% 83,579 1.47% (64,736) -77.46%

NET PROFIT/(LOSS) BEFORE ZAKAT 115,368 2.4% 252,845 4.7% (154,884) -61.3% 10,977 3.73% 55,149 15.37% (44,171) -80.09% 126,346 126,346 2.54% 307,994 5.42% (181,648) -58.98%

ZAKAT 4,620 0.10% 11,490 0.21% (6,870) -59.79% 627 0.21% 4,760 1.33% (4,133) -86.83% 5,247 5,247 0.11% 16,250 0.29% (11,003) -67.71%

NET PROFIT/(LOSS) 110,748 2.32% 241,355 4.47% (130,607) -54.11% 10,351 3.51% 50,389 14.05% (40,038) -79.46% 121,099 121,099 2.43% 291,744 5.14% (170,644) -58.49%

Aldrees Petroleum and Transport Services Company

PROFIT & LOSS STATEMENT-SUMMARY

2020 versus 2019FOR Fiscal Year ended 31 DECEMBER

FY 2020 FY 2019 VARIANCEFY 2019 VARIANCE FY 2020

ALDREES - CONSOLIDATED

(In Thousand Saudi Riyals)

FY 2019 VARIANCE FY 2020PARTICULARS

PETROLEUM DIVISION TRANSPORT DIVISIONFY 2020

Aldrees Presentation Fy2020 11

Number of Employees 3,525 3,230 295 9.13% 2227 2183 44 2.02% 5752 5413 339 6.26%

Number of Stations 544 482 62 12.86% 0 0.00% 544 482 62 12.86%

Number of Trucks 0 0 0 0.00% 1250 1255 -5 -0.40% 1250 1255 -5 -0.40%

ELIMINATION

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

TOTAL SALES 1,447,631 100% 1,510,616 100% (62,985) -4.2% 73,291 100% 93,709 100% (20,418) -21.8% 1,520,922 24,176 1,545,098 100% 1,604,325 100% (59,227) -3.7%

NET SALES 1,447,631 100% 1,510,616 100% (62,985) -4.2% 73,291 100% 93,709 100% (20,418) -21.8% 1,520,922 24,176 1,545,098 100% 1,604,325 100% (59,227) -3.7%

TOTAL COST OF SALE 1,360,425 94.0% 1,277,080 84.5% 83,346 6.5% 53,955 73.6% 63,191 67.4% (9,237) -14.6% 1,414,380 24,176 1,438,556 93.1% 1,340,271 83.5% 98,285 7.3%

GROSS PROFIT/(LOSS) 87,205 6.0% 233,536 15.5% (146,331) -62.7% 19,336 26.4% 30,518 32.6% (11,182) -36.6% 106,541 106,541 6.9% 264,054 16.5% (157,512) -59.7%

EXPENSES

SALES PROMOTION EXPENSES 526 0.04% 1,007 0.1% (481) -47.7% 428 0.58% 261 0.28% 168 64.3% 955 955 0.1% 1,268 0.08% (313) -24.7%

TOTAL GEN. & ADMIN. EXPENSES 26,550 1.8% 40,145 2.7% (13,595) -33.9% 11,959 16.3% 13,004 13.9% (1,044) -8.0% 38,510 38,510 2.5% 53,149 3.3% (14,639) -27.5%

TOTAL S,G&A EXPENSES 27,077 1.9% 41,153 2.7% (14,076) -34.2% 12,388 16.9% 13,265 14.2% (877) -6.6% 39,465 39,465 2.6% 54,417 3.4% (14,952) -27.5%

OPERATING INCOME 60,128 4.2% 192,384 12.7% (132,255) -68.7% 6,948 9.5% 17,253 18.4% (10,305) -59.7% 67,077 67,077 4.3% 209,637 13.1% (142,560) -68.0%

FINANCIAL CHARGES 25,743 1.8% 22,227 1.5% 3,516 15.8% 1,363 1.9% 2,444 2.6% (1,081) -44.2% 27,107 27,107 1.8% 24,672 1.5% 2,435 9.9%

PROVISION FOR CONTNGENT LIABILITIES 0 0% 17,407 1% (17,407) -100% 0 0% 0 0% 0 0% 0 0 0% 17,407 1% (17,407) -100.0%

OTHER INCOMES 299 0.02% 68,773 4.55% (68,474) -100% 139 0.2% 825 0.88% (685) -83.1% 438 438 0.03% 69,598 4.3% (69,160) -99.4%

SHARE OF INCOME(LOSS) INVESTMENT (200) -0.01% 1,398 0.1% (1,598) -114% 735 1.0% 917 1.0% (181) -19.8% 535 535 0.03% 2,315 0.1% (1,779) -76.9%

NET PROFIT/(LOSS) BEFORE ZAKAT 34,484 2.4% 222,920 14.8% (188,436) -84.5% 6,459 8.8% 16,550 17.7% (10,091) -61.0% 40,943 40,943 2.6% 239,470 14.9% (198,527) -82.9%

ZAKAT 1,260 0.09% 9,120 0.60% (7,860) -86.2% 150 0.2% 2,316 2.5% (2,166) -93.5% 1,410 1,410 0.09% 11,436 0.7% (10,026) -87.7%

NET PROFIT/(LOSS) 33,224 2.30% 213,799 14.15% (180,576) -84.46% 6,309 8.61% 14,235 15.19% (7,925) -55.68% 39,533 39,533 2.56% 228,034 14.21% (188,501) -82.66%

Aldrees Petroleum and Transport Services Company

PROFIT & LOSS STATEMENT-SUMMARY

2020 versus 2019

Q4 2020 -versus- Q4 2019

PARTICULARSPETROLEUM DIVISION TRANSPORT DIVISION ALDREES - CONSOLIDATED

Q4 2020 Q4 2019 VARIANCEQ4 2019 VARIANCE Q4 2020 Q4 2019 Q4 2020 Q4 2020VARIANCE(In Thousand Saudi Riyals)

12

2020 2019

544 482

Total Number of Stations as of 31 Dec. 2020

Aldrees Presentation Q3 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).

13

Infographics of Gas Stations Kingdom wide (KSA)

2nd – AL-TASHELAT (3%)

3rd SASCO (2%)

4th Privately owned (88%)

Aldrees Presentation Fy2020

Fuel sales & cost rates (in Riyals) by Liter (With 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.

14Aldrees Presentation Fy2020

Purchase Sales Margin Purchase Sales Margin Purchase Sales Margin

Petrol 91 1.29 1.44 0.15 1.29 1.44 0.15 1.27 1.42 0.15

Petrol 95 1.44 1.59 0.15 1.43 1.58 0.15 1.40 1.55 0.15

Diesel 0.42 0.47 0.05 0.42 0.47 0.05 0.42 0.47 0.05

Effective 11 Oct. 2020 Effective 11 Nov. 2020 Effective 11 Dec. 2020Fuel Type

Adjusted Rates

Aldrees Presentation Fy2020 15

Aldrees Presentation Fy2020 16

ALDREES PETROLEUM AND TRANSPORT SERVICES CO.

TRANSPORT DIVISION

VARIANCE ANALYSIS REPORT - YTD 2020 vs 2019

(AMOUNT IN MILLIONS SAR)(AMT IN SAR MILLIONS)

AMOUNT AMOUNT AMOUNT

(SAR) % (SAR) % (SAR) %

SALES REVENUE TOTAL 294.5 100.0% 358.8 100.0% (64.2) -17.9%

A. FUEL OIL

FUEL OIL TOTAL 86.2 29.3% 84.9 23.7% 1.3 1.5%

B. GRAINS AND OTHERS

GRAINS AND OTHERS TOTAL 16.6 5.6% 0.1 0.0% 16.5 16322.1%

C. CHEMICALS

CHEMICALS TOTAL 114.6 38.9% 202.1 56.3% (87.5) -43.3%

D. UNITED SUGAR BULK 7.4 2.5% 10.1 2.8% (2.7) -26.7%

OTHERS 0.8 0.3% 0.0 0.0% 0.8 20.0

TOTAL TRANSPORTATION OPERATIONS 225.7 76.6% 297.3 82.9% (71.6) -24.1%

SUPPLY CHAIN OPERATIONS

E. WAREHOUSING CONTRACTS 12.9 4.4% 11.9 3.3% 1.0 8.5%

F. OFF SITE CONTAINER SERVICES 48.5 16.4% 35.4 9.9% 13.1 36.9%

OFF SITE CONTAINER SERVICES - SUBCON 2.3 0.8% 8.2 2.3% (5.9) -72.1%

G. ONSITE FUEL OPERATIONS 0.4 0.1% 4.0 1.1% (3.5) -89.3%

H. ISO TANK CONTAINER SERVICES 2.6 0.9% 0.4 0.1% 2.2 530.6%

I. EQUIPMENT RENTAL AND REPAIRS 2.2 0.7% 1.6 0.5% 0.6 34.8%

TOTAL SUPPLY CHAIN OPERATIONS 68.9 23.4% 61.5 17.1% 7.4 12.0%

TOTAL SALES REVENUE 294.5 100.0% 358.8 100.0% (64.2) -17.9%

TOTAL TRUCKS RELATED SALES 276.7 333.1

YTD 2020 YTD 2019 VARIANCE

Aldrees Presentation Q3 Fy2020 17

Description 2020 2019

Tractors Heads 1,250 1,255

Trailers 2,444 2,390

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

Aldrees Presentation Fy2020 18

ALDREES BERTSCHI LOGISTICS SERVICES COMPANYINCOME STATEMENT YTD 31st December 2020

Amount in Saudi Riyals

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

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

TOTAL NET INCOME BEFORE ZAKAT 727,811.74 40.58 317,655.85 33.22 410,155.89 129.12 9,530,656.36 46.26 1,967,169.82 19.54 7,563,486.54 384.49 -------------------- -------------------- -------------------- -------------------- -------------------- --------------------

NET INCOME/(LOSS) ALDREES SHARE 4,765,328

NET INCOME/(LOSS) ALDREES SHARE ZAKAT 270,347

NET INCOME/(LOSS) ALDREES SHARE AFTER ZAKAT 4,494,981

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

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