Page 175 - SALIK PR REPORT AUGUST 2024

8/28/24, 1:14 PM PRESSR: Salik announces the financial valuation of two new gates — TradingView News
with the concession agreement. This reflects our commitment to transparency

and accuracy in financial and operational assessments, as well as the alignment

of future visions between Salik and the Roads and Transport Authority.

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%.

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