TAQA Business Overview H1 2023

A closer look at the Business Lines T Canada Oil & Gas Assets spread across 3 continents UK • • • • • • Operating asset acreage with large resource potential A top onshore oil and gas producer in Western Canada Strategic Priorities: deliver safe and reliable operations whilst maximizing value and achieving operational excellence Net production in H1 2023: 72.4 mboe/day Late-life offshore operations Strategic Priorities: safe and reliable operations with execution of decommissioning plans Net production in H1 2023: 38.0 mboe/day Reducing carbon footprint Proactive approach to emissions management and reduction across all OpCos, working closely with stakeholders to execute and deliver upon emission optimisation and projects including the gas utilisation project in Iraq Successful completion of the Acid Gas Injection project at Crossfield in Canada towards end 2021/beginning 2022 led to 54,500 T/yr reduction in CO2 emissions Net production, H1 2023 Iraq 3% Production mix (mboe/day), H1 2023 Netherlands • • Two strategic gas storage facilities: Gas Storage Bergermeer (GSB) and Piek Gas Installation (PGI) Strategic Priorities: maintain high asset availability, fulfill the customer expectations Net production in H1 2023: 3.1 mboe/day Europe 35% Iraq . Operate the Atrush Block in Kurdistan • Drill to fill central processing facility, with appraisal opportunities • Strategic Priorities: sustain production by executing drilling program and improve cost and environmental performance through execution of a gas utilization project Entitlement production in H1 2023: 3.4 mboe/day (Gross production: 15.1 mboe/day) 117.0 mboe/d Gas, North America 53% 62% Revenue and EBITDA (AEDm) 5,688 4,785 3,743 2,532 EBITDA Revenues Oil, .37% NGL. 9% Share of rev and EBITDA Revenues EBITDA H1 2022 H1 2023 18% 24% 33% 22% TAQɅ 28

View entire presentation