#1Results Presentation For the year ended 31 March 2022 17 May 2022 DCC in#2Disclaimer 1 This presentation does not constitute an invitation to underwrite, subscribe for or otherwise acquire or dispose of any shares or other securities of DCC plc ("DCC"). This presentation contains some forward-looking statements that represent DCC's expectations for its business, based on current expectations about future events, which by their nature involve risk and uncertainty. DCC believes that its expectations and assumptions with respect to these forward-looking statements are reasonable; however because they involve risk and uncertainty as to future circumstance, which are in many cases beyond DCC's control, actual results or performance may differ materially from those expressed or implied by such forward-looking statements. DCC undertakes no duty to and will not necessarily update any such statements in light of new information or future events, except to the extent required by any applicable law or regulation. Recipients of this presentation are therefore cautioned that a number of important factors could cause actual results or outcomes to differ materially from those expressed in or implied by any forward-looking statements. Any statement in this presentation which infers that transactions may be earnings accretive does not constitute a profit forecast and should not be interpreted to mean that DCC's earnings or net assets in the first full financial year following the transactions, nor in any subsequent period, would necessarily match or be greater than those for the relevant preceding financial year. Your attention is drawn to the risk factors referred to in the Principal Risks and Uncertainties section of DCC's Annual Report. These risks and uncertainties do not necessarily comprise all the risk facto associated with DCC and/or any recently acquired businesse There may be other risks which may have an adverse effect on the business, financial condition, results or future prospects of DCC. In particular, it should be borne in mind that past performance is no guide to future performance. Persons needing advice should contact an independent financial advisor. DCC Results Presentation - 17 May 2022 DCC#3Agenda 2 Highlights of FY 2022 Business and financial review Development review Summary, outlook and Q&A Appendix DCC Results Presentation - 17 May 2022 03 07 13 18 22 DCC#4Highlights Year ended 31 March 2022 Donal Murphy Chief Executive DCC#5FY 2022 highlights 4 Excellent performance, delivering for stakeholders Another year of excellent growth and development Resilient & agile business model, delivering for stakeholders Operating profit up in each division despite challenging macro backdrop Continued momentum in acquisition activity c.£600m of capital committed to new acquisitions + Adj. operating profit up 11.1% to £589.2m (15.1% constant currency) + Adj EPS up 11.2% (15.2% constant currency) + Dividend up 10.0% for full year DCC Results Presentation - 17 May 2022 + Excellent organic operating profit growth of 6.1% + Acquisition growth 9.0% + Organic development capital deployed in each division + Almo, DCC's largest acquisition to date + Naturgy expands renewable energy offering in Irish market + Bolt-on acquisition activity across each division DCC#65 сл DCC's purpose: Enabling our stakeholders to grow and progress ● harge Customers & Suppliers ● <-300W 120W- Worked closely with suppliers to ensure efficient supply chains/reliable Employees ● certas supply Introduced further low carbon offerings for customers DCC Results Presentation - 17 May 2022 ● Responded to feedback from Group-wide employee engagement survey Continued safety training and awareness Investors ● Raised dividend for full year by 10% Virtual capital markets events on DCC Healthcare, DCC Technology and energy business today Communities & Environment ● ● Continued to support a range of community organisations Supporting humanitarian efforts in Ukraine *++++ 10 Government & Regulators Engaged with government and regulators directly and through business and trade associations DCC#7Our Strategy To continue to build a growing, sustainable and cash generative business which consistently provides returns on capital employed well in excess of its cost of capital. Building leading businesses Our strategy informs how we enable people and businesses to grow and progress. We do this by developing high quality sales, marketing, and distribution businesses within resilient industries that are key enablers of society. Our businesses develop sustainable competitive advantage within these industries by building leading positions in selected sectors. 6 OUR STRATEGIC ENABLERS ARE KEY DISCIPLINES THAT ENABLE USE TO DELIVER AGAINST OUR PRIORITIES 1 Marketing leading positions Investing for growth Operational excellence DCC Results Presentation - 17 May 2022 Driving long-term sustainable value Innovation Extend our geographic footprint Development of our people 4 Financial discipline DCC#8Business & financial review Kevin Lucey Chief Financial Officer DCC#9Financial highlights For the year ended 31 March 2022 £'m 8 Group adjusted operating profit¹ Adjusted EPS¹ (pence) Free cash flow Dividend per share (pence) Return on capital employed² Net (debt)/cash - excl. lease creditors Net debt - incl. lease creditors ¹ Excluding net exceptionals and amortisation of intangible assets 2 Excluding the impact of IFRS 16 Leases. Current year ROCE including the impact of IFRS 16 Leases is 15.3% DCC Results Presentation - 17 May 2022 2022 589.2 430.1 382.6 175.78 16.5% (419.9) (756.6) 2021 530.2 386.6 687.8 159.80 17.1% 165.0 (150.2) % change +11.1% +11.2% +10.0% DCC#10Divisional results For the year ended 31 March 2022 £'m 9 Adjusted operating profit¹ DCC LPG DCC Retail & Oil DCC Energy DCC Healthcare DCC Technology Group adjusted operating profit ¹ Excluding net exceptionals and amortisation of intangible assets DCC Results Presentation - 17 May 2022 2022 2021 % change % change CC 237.7 231.3 +2.8% 169.4 144.8 +17.0% 407.1 376.1 +8.3% 100.4 81.7 81.7 +22.9% 72.4 +12.8% 589.2 530.2 +11.1% +6.7% +20.1% +11.9% +25.5% +19.9% +15.1% By Division 17% 14% 24% 29% By Geography 8% 26% 40% 42% LPG Retail & Oil Healthcare ■Technology ■Cont. Europe UK ROW ■Ireland DCC#11Divisional highlights For the year ended 31 March 2022 DCC LPG (9) DCC Retail & Oil DCC Healthcare DCC Technology 10 ● ● ● ● ● Strong operating profit growth +6.7%* Significant increase and volatility in wholesale cost of product Volumes +15.8% due to strong recovery in commercial and industrial demand Excellent operating profit growth +20.1%* Commercial and retail volumes increased significantly Continuing to deliver growth in non-fuel profits - lubricants, HGV and fleet services Excellent performance with operating profit growth +25.5%* DCC Vital - excellent organic growth and Wörner performing ahead of expectations DCC Health & Beauty Solutions - good performance against a challenging operational backdrop Very strong operating profit growth +19.9%* North America - very strong organic growth and first-time contribution of Almo UK - significant level of supply chain constraints and reduced consumer demand Continental Europe performing well * References to operating profit growth are constant currency Further details on divisional performance in the Appendix, slides 23 to 26 DCC Results Presentation - 17 May 2022 DCC#12Excellent organic performance For the year ended 31 March 2022 11 £'m 650 630 610 590 570 550 530 510 490 470 450 530 FY21 PBIT -4.0% Constant Currency DCC Results Presentation - 17 May 2022 Adj operating profit +11.1% +9.0% Acquisition +6.1% Organic vs 5 year average organic growth of 3.2% 589 FY22 PBIT DCC#13Solid free cash flow, FY21 WC reversal For the year ended 31 March 2022 FCF conversion 65% 12 £'m 750 700 650 600 550 500 450 400 350 300 250 589 FY22 PBIT 140 Depreciation DCC Results Presentation - 17 May 2022 178 Net Capex / Leasing 80 88 Working Capital 96% FCF% over two years 383 FY22 FCF ☐FY21 timing benefit reversal ☐ Investment/SC financing DCC#14Development review Donal Murphy Chief Executive DCC#15Our priorities for capital deployment Our capital deployment priorities will deliver substantial growth and are aligned to the growth trends in our chosen sectors Organic development and investment Investment in capex and working capital as we grow Supports organic profit growth and introduces new capability, products or technologies Provides excellent risk adjusted ROCE 14 Acquisitions at ROCE well ahead of WACC ● ● DCC Results Presentation - 17 May 2022 Remains a core competence c.£1 billion committed in last two years Significant new synergistic platforms built in recent years Very well positioned for continued development ↑ Our capital deployment priorities Scaling our DCC Health & Beauty platform in high-growth markets & building DCC Vital into a European leader Scaling the specialist capability of DCC Technology Energy transition capability to accelerate decarbonisation for customers Consolidating customer bases in North American and European energy markets DCC#16Organic developments continue 15 Innovating in DCC Health & Beauty Adding manufacturing capability in nutritional gummies in Britain Commenced a capital investment project in Florida to add gummies in the US in 2023 DCC Results Presentation - 17 May 2022 Building our energy transition capability Rolled out E85 biofuel across c.60 sites on the French network Continued EV charging investment across retail network in Europe Launched energy management offering in France Reducing our carbon footprint Solar panel installation on the Technology NDC in the UK Installation of LED lighting across manufacturing facilities Successful UK HVO fleet trial scales up DCC#17Continued acquisition momentum 16 Almo - DCC's largest acquisition to date One of the largest specialist Pro AV businesses in the US Leading national distributor of consumer appliances, electronics and lifestyle products ALMO Almo Corporation DCC Results Presentation - 17 May 2022 Further expansion in energy solutions Naturgy Ireland acquisition, supplier of renewable power, gas, biogas & energy services Large commercial and industrial customer base, service-led offering Naturgy T Bolt-on acquisitions across each division Wörner integrated during year - two further primary care bolt-on acquisitions since then in Germany Convenience-led, synergistic, retail acquisition in Luxembourg DCC#18Acquisition of Almo Another bilateral transaction, many years in the making ● ● ● ● 17 Integration well progressed, performing in line with expectations Market leading value-added distributor of Pro AV, consumer appliances and electronics Specialist approach and sales capability with embedded position in supply chain - 75 year heritage Experienced and proven management team which has delivered strong organic and acquisitive growth Enduring relationships with customers and vendors - supplying over 5,000 customers per annum Particular expertise in large product format and e-commerce fulfilment, with additional capability in 'own brand' products Attractive market growth characteristics, forecasted to continue DCC Results Presentation - 17 May 2022 24 C Hamburg ALMO GMAMA SADA HOME TIME ZON INCOISA 8. 11: 14: 16: 18: 20: WIEDROT DCC#19Summary, outlook and Q&A Donal Murphy Chief Executive DCC#20Investor Event Today: Leading with Energy DCC Energy 19 Growth opportunities in the energy sector Leading our customers in energy transition New structure for energy activities DCC Energy DCC Results Presentation - 17 May 2022 Insight into energy transition pathways DCC Energy teams, customers and partners highlight new and innovative solutions DCC Group Growth ambition of the Group Capital priorities and view to 2030 and beyond Virtual event 1.00p.m.BST today, registration link on www.dcc.ie New commitments in respect of carbon emissions DCC#21Summary & outlook 20 Excellent performance Profit growth across each of our divisions Demonstrates resilience and agility of DCC business model DCC Results Presentation - 17 May 2022 Significant acquisition activity Clear capital allocation priorities Continued acquisition activity across all divisions Outlook DCC expects that the year ending 31 March 2023 will be another year of profit growth and development, notwithstanding the challenging macro environment at present DCC#22Adjusted operating profit (£m)¹ Strategy continues to deliver 28 year CAGR¹ 14.1% 15 16 19 20 26 32 37 46 49 54 61 62 68 78 97 1994 Dividend (pence) 5 6 7 1994 8 21 9 10 11 13 15 18 23 25 29 34 ¹ On a continuing basis 40 131 52 155 176 139 170 60 63 68 70 189 77 208 DCC Results Presentation - 17 May 2022 285 85 28 year CAGR 13.7% 97 383 345 112 461 123 494, 138 530 145 589 2022 160 176 2022 Adjusted EPS (pence) 116 19 22 26 30 31 38 42 50 58 65 74 78 85 98 1994 140.0% 120.0% Free cash flow conversion (%) 100.0% 80.0% 60.0% 40.0% 20.0% 0.0% 140 1994 158 173 142 171 28 year CAGR 11.8% 191 209 257 304 318 358 363 387 2022 28 year conversion 100% 430 2022 DCC#23Appendix DCC#24● ● Volume ('000 tonnes) Operating profit (£'m) Operating profit per tonne ROCE DCC LPG ● 2022 2021 % change % change CC 2,615.2 2,259.3 +15.8% 237.7 231.3 £90.89 £102.36 15.8% 17.4% 23 +2.8% +6.7% Volumes Cont. Europe Britain Strong growth with significant increase in volumes Strong CC operating profit growth despite the substantial increase and volatility in the wholesale cost of product during the year. Modest organic growth while benefiting from bolt-on acquisitions completed during the year. ROW ■Ireland DCC Results Presentation - 17 May 2022 • The mix impact of lower margin commercial and industrial customer demand and the impact of the lower margin UPG and Naturgy acquisitions resulted in operating profit per tonne reducing. 14% 13% The US business recorded strong volume and operating profit growth, driven by acquisitions. 12% The French business performed well, benefiting from continued good cylinder and domestic demand. ● In Britain & Ireland, the businesses experienced a strong recovery in commercial volumes. The Irish on-grid gas and power business faced significant volatility and increases in wholesale prices. 61% DCC#250 Volume (bn litres) Operating profit (£'m) Operating profit per litre ROCE DCC Retail & Oil 2022 2021 % change % change CC 11.628 10.199 +14.0% 169.4 144.8 +17.0% +20.1% 24 1.46ppl 1.42ppl 24.8% 19.2% Volumes ■Cont. Europe Britain Ireland DCC Results Presentation - 17 May 2022 44% Volume recovery and excellent operating performance • Operating profit increase driven by the recovery in commercial, retail and fuel card volumes. Vast majority of the constant currency growth was organic. Particularly strong demand in Scandi, France and Britain. • Britain and Ireland recorded very strong organic operating profit growth. Good growth across lubricants, truck stop, roadside services and heating services. Very strong growth in France as retail mobility customers were increasingly active. Entered a partnership with ENGIE to deploy EV chargers on 16 motorway sites. 9% • Robust performance in the Scandinavian business with the business continuing to deploy capital in lower emissions fuels and EV charging infrastructure, including winning a significant tender for a transport mobility hub in Norway. 47% DCC#26Revenue (£'m) Operating profit (£’m) Operating margin ROCE ● DCC Healthcare ● 2022 25 765.2 100.4 2021 % change % change CC 655.4 +16.8% +19.5% 81.7 +22.9% 13.1% 12.5% 20.5% 18.7% Another excellent performance DCC Vital: Excellent organic operating profit growth across Britain, Ireland and the DACH region. First-time contribution from Wörner, which has traded ahead of expectations. DCC Health & Beauty Solutions: The European businesses generated very good profit growth. DCC Results Presentation - 17 May 2022 +25.5% Revenue by business DCC Vital DCC H&BS 47% D 53% Following excellent growth in the prior year, the US businesses performed well in an environment of supply chain and labour availability challenges. • Continued to expand capacity and capability across manufacturing facilities, including adding nutritional gummy manufacturing in Britain. DCC#27Revenue (£'bn) Operating profit (£'m) Operating margin ROCE 26 ● DCC Technology ● ● 2022 4.644 4.483 +3.6% 81.7 1.8% 9.1%* 2021 % change % change CC 72.4 +12.8% +19.9% 1.6% DCC Results Presentation - 17 May 2022 +6.4% 12.3% The ROCE in DCC Technology reflects the acquisition impact of Almo occurring later in the financial year. On a pro-forma basis the ROCE in DCC Technology was 10.7%. Very strong operating profit growth Revenue by geography UK&I ● In Continental Europe, the business generated good organic growth. ■ Cont. Europe/RoW North America 22% Very strong operating profit growth despite the well-documented global supply chain disruption being experienced by the technology industry. Growth driven by contributions from acquisitions completed during the year. Strong performance in North America benefiting from the first-time contribution of Almo which has integrated well and has traded in line with expectations. 27% • Revenue and operating profit decline in the UK - significant level of supply constraints, impact of warehouse implementation earlier in year and reduced demand for consumer products. 51% DCC#28Financial summary ● ● ● ● ● DCC LPG (tonnes) DCC Retail & Oil (litres) DCC Health & DCC Tech Group 27 Volumes/ revenue 2,615kT +15.8% 11.6bn +14.0% DCC Results Presentation - 17 May 2022 £5,409m +5.3% £17,732m +32.2% Gross margin £264pt vs £304pt 5.73ppl vs 5.52ppl 12.6% vs 11.1% £2,038m +12.0% Operating costs £452m £173pt; -1.0% £497m 4.28ppl; +19.0% £499m 9.2% vs 8.1% £1,449m +12.3% Operating Pt/ppl/% of profit sales change £238m +2.8% £169m +17.0% £182m +18.1% £589m +11.1% £91pt vs £102pt 1.46ppl vs 1.42ppl 3.4% vs 3.0% Combined revenue in DCC Healthcare and DCC Technology up 5.3%. Strong growth in DCC Healthcare and DCC Technology's North American businesses DCC LPG gross margin decreased to £264 per tonne, driven by lower margin acquisitions and mix post covid DCC Retail & Oil gross margin up modestly to 5.73ppl, reflecting mix and growth in services Gross margin in DCC Healthcare and DCC Technology of 12.6% (2021: 11.1 %) Operating costs +£159m (+12.3%) (acquisitions +8.9%, organic +6.9%, currency -3.5%) DCC#29Cash flow Operating profit (Increase)/decrease in working capital Depreciation and other Operating cash flow Net capex Lease payments net ROU depreciation Free cash flow Interest and tax Free cash flow after interest and tax Acquisitions Disposals / exceptional items Dividends Share issues / buybacks Net cash outflow Opening net debt Translation and other IFRS 16 opening transition adjustment Closing net debt Closing net debt excl. lease creditors 28 DCC Results Presentation - 17 May 2022 2022 £m 589.2 (168.7) 140.1 560.6 (170.8) (7.2) 382.6 (114.2) 268.4 (720.1) (29.5) (167.5) 0.4 (648.3) (150.2) 41.9 (756.6) (419.9) 28 years £m 5,318.1 417.6 1.345.0 7,080.7 (1,756.4) (20.6) 5,303.7 (1,140.9) 4,162.8 (4,246.2) 108.7 (1,284.3) 768.1 (490.9) (1.6) 30.0 (294.1) (756.6) (419.9) Track record of FCF conversion Free cash conversion of 96% across FY21 & FY22 Strong & liquid balance sheet Closing net debt (excl. lease creditors) of £419.9m DCC