QAMCO IR Presentation H1-23

CLASSIFICATION: C1 - CONTROLLED Financial performance review Share of Revenue (QR million) -25% 2,106 1,585 736 QAMCO's Net Profit (QR million) -61% +15% 611 849 +59% 147 93 240 • • 1H-22 1H-23 1Q-23 2Q-23 1H-23 vs 1H-22: Share of JV's revenue declined, mainly due to lower selling price trajectories alongside lower sales volumes. 1Q-23 vs 2Q-23: Share of JV's revenue increased, mainly due to higher sales volume and slightly better avg. realized selling price. Share of JV's Debt (QR million) • 1H-22 1H-23 1Q-23 2Q-23 1H-23 vs 1H-22: Profitability declined mainly due to lowered revenue, partially offset by lower OPEX, mainly pertaining to lower raw material cost. 2Q-23 vs 1Q-23: Profitability improved on account of higher sales volumes and avg. realized selling price which led the overall incline in revenue. This was partially offset by higher OPEX. Closing Cash (QR million) 2,295 (IAS 31) -4% 2,207 2,064 -14% 1,781 (IAS 31) 31-Dec-22 30-June-23 Share of debt as of 30 June 2023 declined by 4% versus 31 December 2022, mainly due to net repayments on the QAMCO JV's loan facility. 20 31-Dec-22 30-June-23 Closing cash including share of cash in QAMCO JV as of 30 June 2023 declined by 14% versus 31 December 2022, mainly due to dividend payout and net repayments on the QAMCO JV's loan facility. QAMCO, IR Presentation, H1-23

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