AD Ports Group Secures a 20-Year Agreement to Operate and Upgrade the Existing Luanda Multipurpose Port Terminal in Angola

• Agreements with Unicargas, Multiparques, and the Luanda Ports Authority Extend the Group’s Presence Along the Important Asia to Southern and West Africa Trade Lane
• New Joint Venture to modernise local and regional logistics services

Abu Dhabi, UAE and Luanda, Angola – 23 April 2024: AD Ports Group (ADX: ADPORTS), a leading facilitator of global trade, logistics, and industry, has signed several agreements with Unicargas and Multiparques leading to securing a 20-year concession agreement (extendable for another 10 years) with the Luanda Port Authority for the operation and upgrade of the existing Luanda multipurpose port terminal in Angola.

AD Ports Group Announces Noatum’s Acquisition of APM Terminals Castellón in Spain

EUR 10 Million Acquisition Strengthens Noatum Terminals’ Position as a Leading Multipurpose Port Operator in the Western Mediterranean Region

Madrid, Spain/Abu Dhabi, UAE – 02 January 2024: AD Ports Group (ADX: ADPORTS), one of the world’s premier facilitators of logistics, industry, and trade, announces that Noatum Terminals, the terminals operations business of Noatum Group, has acquired 100% ownership of APM Terminals Castellón in Spainfor a total purchase consideration (Enterprise Value – EV) of EUR 10 million.

AD Ports Group Certified a Great Place to Work® for Commitment to Investing in Employees Success and Excellence

Abu Dhabi, UAE – 29 November 2023: AD Ports Group (ADX: ADPORTS), the leading facilitator of global trade, logistics, and industry, has been certified a Great Place to Work® after a thorough and independent analysis conducted by Great Place to Work® Middle East.

Great Place to Work® is the global authority on high-trust, high-performance workplace cultures. Assessing over 20,000 companies across 97 countries, providing the definitive benchmarks, framework, and expertise needed to recognise outstanding workplace cultures

AD Ports Group Delivers Record Q3 2023 Results with Net Profit of AED 403 Million, up 20% YoY

• Q3 2023 Revenue grew by 189% YoY to AED 4.24 billion, driven by Noatum consolidation as well as the Maritime & Shipping and EC&FZ clusters (+113% YoY on a LFL basis)
• Q3 2023 EBITDA increased 28% YoY to AED 759 million (+2% on a LFL basis), implying an EBITDA margin of 17.9%
• Q3 2023 Total Net Profit increased 20% YoY to AED 403 million
• Continued strong volume growth: +19% YoY for Container volumes, +25% YoY for General Cargo volumes, +651% YoY for Ro-Ro volumes, +30% YoY for Feedering Container volumes, +5% YoY and -28% YoY for Ocean and Air Freight volumes, and +10% YoY for Polymers volumes
• In EC&FZ, 0.4 sq km (net) of new land leases were added during the quarter while warehouse leases soared 66% YoY
• Freight rates normalised close to pre-COVID19 levels in H1 2023 and have been consolidating since then, although better-than-expected global macro data and renewed geopolitical tensions have resulted in pockets of strengths lately

AD Ports Group Acquires 10 Offshore Vessels for around US$200 million

Acquisition signifies an increase of circa 20% in offshore & subsea capacity for the Group, boosting Middle East and Southeast Asia operations.

Abu Dhabi, United Arab Emirates – 07 November 2023: AD Ports Group (ADX: ADPORTS), a global leader in trade, logistics and industry, today announced the purchase of 10 offshore vessels, that will bolster offshore operations in the Middle East and Southeast Asia.

The investment is around US$200 million, into a well-maintained, diversified fleet with an average age of around 9 years, significantly less than the industry average. All 10 vessels are expected to be delivered in Q4 2023 with financial consolidation taking place from Q1 2024 onwards.