Investor Presentaiton

Cash Flow and Net Debt (143.8) 83.6 (24.5) (18.0) (34.6) (22.2) (5.9) (165.4) Net debt 2017 Operating cash flow Working capital Taxation Dividends Capex Other Net debt 2018 (ex WC) ■ Strong balance sheet with net debt of 1.5 x EBITDA Working capital improved since half year reported levels of c.£44m outflow Capex reflects final SAP costs following June 2017 go-live and lower on-going capex costs PZ Cussons 8

View entire presentation