Inchcape Strategy & Growth Ambitions Update

Strategic acquisition with attractive recurring synergies... Inchcape 21 221 Organisation ■ Efficiencies of combined organisation ■ Back office (leveraging Inchcape's global and regional platforms) Operations ■ Rationalise service contracts Consolidation of infrastructure (footprint and warehousing) Proven track record of integration ■ Indumotora in 2016 ☐ ■ Rudelman in 2018 ◉ Mercedes-Benz in 2019/20 ■ Ditec in 2022 Simpson Motors/ ITC in 2022 Technology ■ Harmonise systems, and implement best practices and processes Recurring synergies ◉ >£40m recurring synergies ■ 30% realised in year one Significant majority achieved by the end of year two

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