Page 107 - SALIK PR REPORT AUGUST 2024

8/29/24, 10:51 AM Salik announces the financial valuation of two new gates

Regarding the payment schedule for the gate’s valuation, an agreement has been reached with the
Roads and Transport Authority on a repayment plan for the total valuation amount for the two new gates

over a period of six years starting from the end of November 2024. The annual instalment will be AED
455.7 million, to be paid in two equal instalments of AED 227.9 million each, every six months, which will
be provided from the company's own financial resources.

Expected Financial Impact

Salik expects to see an increase in annual revenue-generating trips with the operation of the Business

Bay and Al Safa South gates supported by the positive macro-economic factors in Dubai. Upon their
operational launch which is expected to be by the end of November 2024, the new gates are expected to
generate a revenue impact from the starting date till the end of the year 2024.

In light of the new gates, revenue-generating trips are now expected to increase in the range of 7-8% for

2024 versus previous guidance of 4-6%, with a robust EBITDA margin of 67-68%, versus previous
guidance of 65-66%.

About Salik Company PJSC

The Company was established in its current form, as a public joint stock company in June 2022 pursuant
to Law No. (12) of 2022. “Salik”, which means “seamless mobility” in Arabic, is Dubai’s exclusive toll gate
operator and manages the Emirate of Dubai’s automatic toll gates utilising Radio-Frequency-

Identification (RFID) and Automatic-Number-Plate-Recognition (ANPR) technologies. The Company
currently operates 8 toll gates located at strategic junctures, especially on Sheikh Zayed Road, which is
considered the main road in Dubai. In 2023, 593 million journeys were recorded through Salik’s toll

gates, whether for residents commuting within the Emirate for their daily activities or for tourists visiting
Dubai’s attractions. Under a 49-year concession agreement (ending in 2071), with the Roads and
Transport Authority (RTA), Salik has the exclusive right to operate existing and any future toll gates in
Dubai.

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