Robust Business and Operating Model

Financial Overview Cash Flow Statement Consolidated Financials (AED m) Profit from Operations Q1 2021 Q1 2020 Variance % 135 105 30 28% Finance lease amortization 29 30 0 -1% Depreciation and Amortization 63 43 20 46% Working Capital and other adjustments (58) (128) 71 (55%) Net cash flows from Operating Activities 169 49 120 243% Capital expenditure incurred (687) (54) (633) 1172% Term Deposits (50) (50) 100% Dividends and interest income received 7 3 4 133% Net cash flows from Investing Activities (730) (51) (679) 1331% Debt servicing (24) 2,494 (2,518) Dividend Paid Others Net cash flows from Financing Activities Net Movement in Cash and Cash Equivalents Cash and Cash Equivalents at the start of the period Cash and Cash Equivalents at the end of the period (21) (0) (20) 100% 100% (13) (14) 1 7% (58) 2,480 (2,538) 102% (618) 2,479 (3,097) (125%) 1,313 227 1,086 NA 695 2,705 (2,011) (73%) • Key Observations Improved cash flow from operation primarily driven by consolidation of acquisitions, as well as a stabilization of our DSO's since the year end • Capex relates to consolidation of Saadiyat Island DC assets, partially paid for in the quarter Tabreed maintains strong liquidity with significant closing cash balances at the end of the period and a revolving credit facility of AED 590 million unused during the period Significant improvement in receivables position during April and May 2021 | 26 tabreed

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