INVESTOR PRESENTATION

MARCH 2023

FORWARD-LOOKING STATEMENTS

This presentation contains forward-looking statements based on the beliefs of the company, as well as assumptions made by, and information currently available to our management team. When used in this presentation, words such as "anticipate," "project," "expect," "plan," "seek," "goal," "estimate," "forecast," "intend," "could," "should," "will," "believe," "may," "scheduled," "potential" and similar expressions and statements regarding our plans and objectives for future operations, are intended to identify forward- looking statements.

Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. You should not put undue reliance on any forward-looking statements, which speak only as of their dates. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those expected, including insufficient cash from operations, adverse market conditions, governmental regulations, the possibility that tax or other costs or difficulties related thereto will be greater than expected, the impact of competition and other risk factors discussed in our latest filings with the Securities and Exchange Commission.

All forward-looking statements attributable to Adams Resources & Energy, Inc. or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained herein, in such filings and in our future periodic reports filed with the Securities and Exchange Commission. Except as required by law, we do not intend to update or revise our forward- looking statements, whether as a result of new information, future events or otherwise.

EXECUTIVES

Kevin Roycraft

Tracy Ohmart

Chief Executive Officer & President

Executive Vice President,

Chief Financial Officer & Treasurer

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ADAMS RESOURCES & ENERGY, INC.

PEER-LEADING BALANCE SHEET

CONSERVATIVE BALANCE SHEET

INFRASTRUCTURE TO SUPPORT GROWTH

DIVERSIFIED BUSINESS UNITS

LEVERAGED HIGHEST RETURN BASINS

STABLE DIVIDEND

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OVERVIEW & CURRENT OPERATIONS

Adams Resources & Energy, Inc. ("Adams" or "AE") is a transportation and logistics company serving the energy and chemical sectors.

Founded in 1947 by the late K.S. "Bud" Adams, Legendary owner of the Houston Oilers and Tennessee Titans Publicly traded company since 1974 (NYSE AMERICAN: AE) with a conservative philosophy

Current operations include:

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Disclaimer

Adams Resources & Energy Inc. published this content on 15 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 March 2023 21:00:09 UTC.