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RESTRICTED 2 March 2026 Q4 2025 Operational and Financial Results
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Disclaimer 2 • This document has been prepared by Parkin Company PJSC (“Parkin” or the “Company”) solely for presentation purposes and the information included herein shall not be construed as legal, tax, investment, financial or other advice. It has not been independently verified and no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the information contained herein. Neither Parkin or any of its respective affiliates, advisors or representatives shall have any liability whatsoever for any direct or indirect loss whatsoever arising from any use of this document, contents, or otherwise arising in connection with it • This document does not constitute a solicitation, an offer, recommendation, endorsement, or invitation to purchase any share or other security in Parkin and neither it, nor any part of it, shall form the basis of, or be relied upon in connection with, any contract or commitment whatsoever. Before making any investment decision, an investor should consider whether such an investment is suitable for their particular purposes and should seek the relevant appropriate professional advice • Certain information contained in this document consists of forward-looking statements reflecting the current view of the Company with respect to future events. They are subject to certain risks, uncertainties and based on certain assumptions. Many factors could make the expected results, performance or achievements be expressed or implied by such forward-looking statements (including, but not limited to, worldwide economic trends, economic and political climate of the UAE, the Middle East and changes in business strategy and other factors) to be materially different from the actual historical results, performance achieved by Parkin. Should one or more of the risks or uncertainties materialize, or should the underlying assumptions prove different, stock movements or performance achievements may vary materially from those described in such forward- looking statements. Recipients of this document are cautioned not to place any reliance on these forward-looking statements • Parkin will not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this presentation • Nothing in this presentation or in documents referred to in it should be considered as a profit forecast • The past performance of the Company and its shares is not, and should not be relied on as, a guide to the future performance of the Company and its shares. Any decision to purchase shares or other securities in Parkin is the sole responsibility of the investor
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Q4 2025 vs. Q4 2024 Performance 3 Operational Achievements Key Q4 2025 Highlights (1) Free cash flow to equity is defined as net cash flows generated from / used in operating activities + net cash generated from/used in investing activities + net cash flows from financing activities, before any dividend payments (2) Cash Conversion is defined as EBITDA, less Capital Expenditure, divided by EBITDA Continued momentum: Revenue +47% / EBITDA +47% / Net Profit +53% Paid parking spaces 229.0k +11% Total parking transactions 37.0m +0.3% # of seasonal cards sold 89.3k +140% Financial Achievements Revenue AED 389.4m +47% EBITDA 232.9m +47% Net Profit 183.6m +53% Free Cash Flow to Equity 222.3m 99% Cash conversion Public parking utilisation 23.0% -5 p.p.
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23.8 23.3 29.9 13.9 26.6 22.7 58.6 25.1 Operational Performance: Space Count + Utilisation 4 Operational Performance Number of Paid Public Parking Spaces ( ‘000) Paid Public Parking Utilisation Rate (%) • +5% increase in number of paid public parking spaces to 193.2k • Of the c.9.2k new spaces added, zone C was the largest beneficiary with c.5.4k new spots • c.3.7k spaces added to zone D • Zone B: full day tariff was AED 20. From Apr 2025 → AED 30 (standard) or AED 40 (premium) • Zone D: full day tariff was AED 10. From Apr 2025 → AED 20 (standard) or AED 30 (premium) 184.0 193.2 28.3% 23.0% Public parking is our core business, segmented into four tariff zones based on street location Zone A + AP Zone B + BP Zone C + CP Zone D + DP Total 26.6 26.8 3.3 3.3 114.5 119.9 39.6 43.3 Q4 2024 Q4 2025 Q4 2024 Q4 2025
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Operational Performance: Transaction Volumes + Enforcement 5 Operational Performance 5 Developer parking transaction growth outpaces public parking, record enforcement activity Total Number of Parking Transactions (AEDm) Total Fines Issued(1) (‘000) / Fine Collection Rate % • Enforcement activity up: new space additions, growing fleet of smart scan inspection cars, data-driven enforcement deployment, scan car + enforcement device software upgrades, DTC driver contract • Q4 2025: smart scan inspection car fleet scanned 17.5m registration plates (154% vs. Q4 2024) → 271k fines issued (+84% v. Q4 2024, ) • Q4 2025: inspectors scanned 11.5m registration plates (+129% vs. Q4 2024) → 529k fines issued (+47% vs. Q4 2024) • Lower collection rate reflects material growth in fine volumes + revenue 36.9 37.0 85% • Total parking transactions broadly flat in Q4 2025 • Developer parking +20%, with transactions up in most zones 81% Public Spaces MSCP Developer Parking Total 509 81032.7 31.9 0.2 0.3 4.0 4.8 1 2 Q4 2024 Q4 2025Q4 2024 Q4 2025 +59% (1) Total fines include those issued by inspectors, smart scan cars and cameras at select smart parking sites. Q4 2025 split: inspectors 65% + scan cars 34% + smart parking lots 1%. (Q4 2024 split: inspectors 71% + scan cars 29%).
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Operational Performance: Seasonal Card Sales 6 Operational Performance Seasonal Card Sales Volumes: Zones A to D Seasonal Card Sales Volumes: Zones B + D Only • +85% increase in seasonal card sales volumes for card covering zones A to D (41.7k cards sold) • Of the 41.7k A to D zone seasonal cards sold in Q4 2025, cards with a duration of 1 month accounted for 76% of total sales (31.9k cards sold) • +224% increase in seasonal card sales volumes for card applicable to zones B+D (47.5k cards sold) • Of the 47.5k B + D zone seasonal cards sold in Q4 2025, cards with a duration of 1 month accounted for 87% of total sales (41.3k cards sold) 22.5k 41.7k Seasonal card sales up 140% yoy, with more seasonal cards sold in Q4 2025 than in H2 2024 1 month 3 month 6 month 12 month Total 14.8 31.9 4.5 4.3 1.1 2.32.2 3.3 Q4 2024 Q4 2025 11.2 41.3 2.7 4.4 0.4 1.10.4 0.8 Q4 2024 Q4 2025 +85% 14.7k 47.5k +224%
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Segmental Breakdown 7 (1) Mosque parking is counted as one location (2) Sabkha MSCP has been demolished and will be reinstated under a PPP partnership • 193.2k paid parking spaces (76% on-street / 24% off-street) • 5 zones with different pricing • Seasonal permits provide long-term parking in specific parking zones or locations for a period of up to 1 year • Store rentals under MSCPs • Written off fines recovered • Finance / wakala income • Mall revenue, CAFU • Parking reservations • Fines issued for non-compliance with parking rules / regulations • Mainly related to non-payment of parking fees Financial Performance % of Total Revenue 46% 1% 8% 3% 24% 17% Q4 Revenue (AEDm) Q4 24 vs. Q4 25 Growth Total Q4 2025 Revenue: AED 389.4m Top line revenue growth driven by higher public parking, enforcement and seasonal card revenues 33% 5% 1% 17% 7% 37% +38% +65% +54% +25% +66% +29% +47% Public Parking Seasonal Cards + Permits Other Services Enforcement • Parking spaces managed on behalf of developers under management agreements • Presence in 28 communities across Dubai (1) Developer Parking • 7 operational MSCPs(2) • Paid for hourly at AED5/h across all the MSCPs Multi-Storey Car Parks (MSCPs) 144.5 28.1 67.4 4.3 18.1 127.1
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32.7 29.1 10.6 4.1 3.9 3.7 5.58.21.3 7.7 61.2 34.5 12.7 16.56.1 5.8 3.3 3.1 2.5 10.7 OpEx: our cost structure 8 Financial Performance Q4 2024 (AEDm) OpEx(1) increased in Q4 2025 as the business continued to grow Q4 2025 (AEDm) Q4 2024 OpEx AED 106.8m Q4 2025 OpEx AED 156.5m +47% Salaries and benefits Commission expense Other expenses(1) Concession fee Commission expenseMaintenance (1) Other expenses: insurance, fuel, transportation costs, TSA, outsourced support services, CSR, miscellaneous expenditures and impairment charges 8 Developer lease expense Board remuneration Maintenance Board remuneration Professional fee IT Concession fee Salaries and benefits Other Expenses(1) Developer lease expenseMarketingProfessional fees Marketing IT
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Q4 2025 EBITDA Build-up 9 Costs EBITDARevenue Concession Fee Other CostsOther Services FinesSeasonal Cards & Permits Public Parking MSCPsDeveloper Parking Financial Performance Commissions Salaries & Benefits Strong revenue performance along with operating leverage resulted in a 47% increase in Q4 2025 EBITDA to AED 232.9m 144.5 232.9 28.1 67.4 4.3 18.1 127.1 61.2 12.7 34.5 48.0 1 2 3 4 5 6 7 8 9 10 11 47%
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158.2 232.9 Profitability 10 (1) EBITDA is defined as profit for the year/period excluding depreciation and amortisation and finance expense Record EBITDA and net profit achieved in Q4, EBITDA margin maintained Financial Performance EBITDA Margin 60% 60% EBITDA EBITDA and EBITDA Margin (AEDm) Net Profit (AEDm) Net Profit +42% 120.0 183.6 +13% Q4 2024 Q4 2025 Q4 2024 Q4 2025 53%47%
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Net Debt Position 11 Financial Performance (1) Net Debt is defined as long and short-term financing + lease liabilities – wakala deposits - cash / cash equivalents AED’000 YE 2025 YE 2024 Debt 1,098,304 1,097,754 Lease liabilities 48,062 30,069 Short-term deposits with bank 244,500 360,000 Cash & cash equivalents 220,682 42,326 Net Debt 681,184 725,497 Strong balance sheet with moderate leverage • AED 1.1 bn Murabaha term facility raised in Q1 2024 to fund concession fee • At end of Q4 2025, Parkin had total available liquidity of AED 565.2m (undrawn RCF: AED 100m) • AED 1.1 bn in debt maturing 2029 • YE 2025 Net Debt / EBITDA = 0.9x (leverage covenant = 4.5x)
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2026 Outlook 12 Outlook Public parking and seasonal card guidance excludes potential impact from recent tariff submission to RTA • c.5.5k – 7.5k new public spaces + FY of variable pricing tariff AED 525 m AED 560 m AED 610 m 2025a 2026e Public Parking Revenue Guidance Enforcement Revenue Guidance • Excludes the potential impact arising from the proposed revisions to seasonal card pricing currently under review by the RTA ~ AED 50 m AED 409 m AED 420 m 2025a 2026e ≈ AED 30 m ≈ AED 40 m AED 460 m Seasonal Card Revenue Guidance Developer Parking Revenue Guidance • Revenues will increase yoy, but margins will be constrained • Continued effectiveness of Parkin’s enforcement framework + portfolio expansion to drive yoy revenue increase AED 211 m AED 260 m AED 280 m 2025a 2026e AED 94 m AED 110 m AED 130 m 2025a 2026e ~ AED 40 m ~ AED 20 m ~ AED 20 m
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RESTRICTED © Parkin 2024 Appendix
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Operational Metrics 2024 / 2025 xxx Units Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY2025 FY ‘25 vs. FY ’24 Total number of parking spaces '000 209.0 211.5 219.0 229.0 229.0 11% Public '000 187.1 188.7 192.1 193.2 193.2 5% Developer '000 18.7 19.6 23.2 32.2 32.2 68% MSCPs '000 3.2 3.2 3.7 3.7 3.7 14% Total # of parking transactions m 36.5 33.2 34.1 37.0 140.8 6% Weighted avg. public parking tariff AED/hr 2.00 3.04 3.03 3.03 2.78 38% Avg. public parking utilisation % 28.9% 22.7% 21.3% 23.0% 23.7% -2.9 p.p Public parking seasonal card sales '000 44.0 70.9 81.0 89.3 285.1 113% Total fines issued '000 569.2 660.2 682.1 810.2 2,721.8 63% Chargeable days in the period - 75 73 78 77 303 - Units Q1 2024 Q2 2024 Q3 2024 Q4 2024 FY 2024 Total number of parking spaces '000 197.3 200.4 207.3 206.4 206.4 Public '000 176.2 177.0 179.6 184.0 184.0 Developer '000 17.9 20.2 24.5 19.2 19.2 MSCPs '000 3.2 3.2 3.2 3.2 3.2 Total # of parking transactions m 32.5 28.9 34.0 36.9 132.2 Weighted avg. public parking tariff AED/hr 2.01 2.01 2.01 2.01 2.01 Avg. public parking utilisation % 26.0% 25.7% 26.4% 28.3% 26.6% Public parking seasonal card sales '000 31.2 29.5 35.8 37.2 133.7 Total fines issued '000 378.4 365.3 418.1 509.0 1,670.8 Chargeable days in the period - 77 70 79 77 303
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Financials 2024 / 2025 AED million Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 FY ‘25 vs. FY ‘24 Total revenue 273.3 320.0 343.3 389.4 1326.0 43% Public 112.9 132.2 135.0 144.5 524.5 30% Developer 20.2 22.3 23.5 28.1 94.0 35% MSCPs 3.2 3.2 3.7 4.3 14.4 22% Seasonal cards / permits 42.7 52.0 59.9 67.4 222.0 45% Enforcement 81.8 96.7 103.0 127.1 408.7 64% Other revenue 12.6 13.5 18.3 18.1 62.4 67% EBITDA 176.2 189.3 199.8 232.9 798.2 38% EBITDA margin (%) 64% 59% 58% 60% 60% -2 p.p Capital expenditure 6.6 3.2 2.1 2.1 13.9 n/m Net profit 136.6 148.4 157.0 183.6 625.5 48% Free cash flow to equity 340.1 312.0 433.4 222.3 655.7 37% Cash conversion (%) 96% 98% 99% 99% 98% 0 p.p AED million Q1 2024 Q2 2024 Q3 2024 Q4 2024 FY 2024 Total revenue 215.5 205.5 239.2 265.0 925.2 Public 99.3 89.6 103.7 112.0 404.6 Developer 16.6 14.3 18.3 20.3 69.5 MSCPs 2.9 2.6 2.8 3.5 11.8 Seasonal cards / permits 36.9 37.2 38.3 40.5 152.8 Enforcement 52.6 54.6 64.9 77.0 249.1 Other revenue 7.2 7.2 11.2 11.7 37.3 EBITDA 138.3 134.0 146.8 158.2 577.3 EBITDA margin (%) 64% 65% 61% 60% 62% Capital expenditure 1,100.0 - 8.8 2.8 1,111.6 Net profit 103.7 95.0 104.7 120.0 423.5 Free cash flow to equity 102.9 135.6 211.6 132.4 479.6 Cash conversion (%) 100% 100% 94% 98% 98%