Salik achieves highest quarterly toll usage revenue since commencement of operations

Salik achieves highest quarterly toll usage revenue since commencement of operations

- Salik reports the highest quarterly toll usage revenue in Q1 2023, since start of operations; toll usage revenue rose c. 8% YoY, reaching a record AED 454 million and contributing 87% to total revenue

- Revenue-generating trips of 113.6 million exceed pre-pandemic peak level, thanks to a complete reversion to business-as-usual economic and tourist activity and mobility

- Active accounts and vehicle registrations increase c. 4% and c. 7% YoY, respectively, reaching approximately 2.1 million and 3.9 million at the end of the first quarter

- Q1 2023 EBITDA and net profit margins of 66.8% and 52.9%, respectively, continue to reflect Salik’s streamlined business and robust concession framework

- Salik achieves robust net profit and free cash flow of AED 275 million and AED 325 million, respectively in Q1 2023

Dubai, UAE: During its meeting presided by His Excellency Mattar Al Tayer, Chairman of the Board, the Board of Directors of Salik Company PJSC (“Salik” or the “Company”), Dubai’s exclusive toll gate operator, approved the Company’s condensed interim financial results for the first quarter of 2023 (three-month period ended March 31, 2023), in which Salik recorded the highest level of quarterly revenue-generating trips and toll usage revenue since the start of operations in 2007,