Water for the North West

Best in class treasury management Track record of delivering significant financing outperformance Financing outperformance¹ in AMPs 5 and 6 AMP7 AMP5 AMP6 Confident of delivering further outperformance >£500m >£500m AMP5 AMP6 1 Pre-tax on an actual company basis Flexibility to reinvest over £600m across AMPs 5 and 6 Quantum subject to outturn inflation Financial resilience to withstand credit crises Investor presentation 34

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