Financial & Operating Performance

Appendix Strategy Financial & Operating Performance Emirates NBD Profile Operating Environment Dubai Economic Update (2/3) Highlights Passenger traffic at the Dubai International Airport (DXB) rose to 88.2 million in 2017, up by 5.4% y/y. In December alone, 7.9mn passengers passed through DXB, up by 1.9% y/y. Dubai Airports passenger traffic million people 90 Emirates NBD 5 2700 million tons • Passenger traffic is expected exceed 90 million in 2018, according to Dubai Airports. 70 2300 88.2 83.7 • Dubai's hotel occupancy averaged 77.3% in Jan-Dec 2017 slightly up from 76.9% the same period a year ago. 78.0 50 70.5 66.4 2100 57.7 51.0 • The supply of hotel rooms in Dubai increased by 5.5% y/y in 2017 to 97,546 rooms. The Department of Tourism and Commerce Marketing (DTCM) is targeting 140,000 to 160,000 hotel rooms by the end of the decade Source: Dubai Airports, Emirates NBD Research 30 1900 2011 2012 2013 2014 2015 Passenger traffic (LHS) 2016 Freight volumes (RHS) 2017 Hotel occupancy and RevPAR 100 % 90 80 70 60 50 40 30 Top 10 visitors by nationality in 2017 y/y growth 25 % of total 15.8mn visitors Oct-12 May-13 Dec-13 Jul-14 Feb-15 Sep-15 Apr-16 Nov-16 Jun-17 Average hotel occupancy rates, % (LHS) Average revenue per available room, y/y growth, 3M MA (RHS) Source: STR Global, Emirates NBD Research ន់៦៦៦ ឆ្នំា ១ ៣៩ ៩ ត -5 -10 -15 -20 -25 India 13.1% Saudi Arabia 9.7% Other 44.7% UK 8.0% Oman 5.5% China 4.8% Germany USA 3.2% Iran 3.2% Pakistan 4.0% 3.8% Source: Department of Tourism and Commerce Marketing, Emirates NBD Research 2500

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