Page 144 - SALIK PR REPORT ENGLISH AUGUST 2024

8/29/24, 11:06 AM Salik Values New Dubai Toll Gates At AED 2.7 Billion, Aiming To Ease Traffic - OneArabia
differences between Salik's valuation and that by the Roads and Transport Authority did not exceed 5 percent. Accordingly,

as per the concession agreement terms, an average of both valuations was adopted as the final value for these gates.

An agreement has been reached with the Roads and Transport Authority regarding a repayment plan for this total valuation

amount over six years starting from November 2024. The annual instalment will be AED455.7 million, paid in two equal
instalments of AED227.9 million each every six months from Salik's financial resources.

Revenue Projections

Salik expects an increase in annual revenue-generating trips with these new gates' operation supported by positive macro-

economic factors in Dubai. Upon their operational launch expected by November 2024's end, these gates are anticipated

to generate revenue impact from their starting date till year-end 2024.

In light of these new gates, revenue-generating trips are now expected to increase by 7-8 percent for 2024 versus previous

guidance of 4-6 percent. Additionally, a robust EBITDA margin is projected at 67-68 percent compared to previous
guidance of 65-66 percent.

The Roads and Transport Authority (RTA) has conducted detailed traffic impact studies ensuring each gate's placement

aligns with its strategic goals for traffic management optimisation. Under a Concession Agreement with RTA, Salik holds
exclusive rights to construct, operate, and maintain these toll gates until June 2071.

This reflects Salik's commitment to transparency and accuracy in financial assessments while aligning future visions

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