Robust Business and Operating Model

Robust Business and Operating Model Pursuing Growth Opportunities Across and Beyond GCC Well placed to benefit from both organic and inorganic growth opportunities in and beyond GCC region Growth Avenues • UAE Armed Forces was the first customer of the Company and continues to be an important partner • Concessions • Tabreed cools multiple military and training facilities • Cooling agreement was renewed in 2014 for another 20 years Examples UAE: Yas Island, Maryah Island, Masdar City, Downtown Dubai ultimate capacity of 235kRT and in Saadiyat Island 88kRT • KSA: Jabal Omar development • Bahrain: Reef Island and Bahrain Financial Harbor Acquisitions New Connections . Acquisitions from developers who own a plant but would prefer to outsource to a 3rd party provide the cooling services • Acquisitions of other independent cooling companies • . • New customers connecting to existing infrastructure Customers are not bound to use Tabreed (unlike concessions) however, using Tabreed will often be the most economic option Usually requires no additional fixed cost and provides higher margins • When a new plant is agreed and built for a new development New plants and new • Driven by demand in the construction and real estate market geographies . Explore growth opportunities in select new geographies outside GCC (e.g. Egypt, Kuwait and India) Acquisition of Saadiyat Island DC schemes from Aldar • Acquisition of Downtown DCP assets from Emaar • Acquisition of DC concession from Masdar • Tabreed has added around 20kRT recently; ~5% incremental capacity is currently available for new connections • 6 new plants since 2019 • Currently have 1 plant under construction | 15 tabreed

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