Ocado Mergers and Acquisitions Presentation Deck

Acquisition of Kindred Systems and Haddington Dynamics Opportunity to improve CFC and Micro Fulfilment Centre economics, with picking and decanting currently representing up to £7m of annual cost per CFC1 Enhances Ocado's existing robotic manipulation capabilities... ...and provides an established position in a fast-growing new vertical Kindred Systems has an advanced technology stack that will help transform Ocado's existing ✓ capabilities and accelerate the commercial delivery of robotic picking for OSP clients Ⓒ2020 Ocado Group plc. All rights reserved. Haddington Dynamics' technology offers specialised robotic arm characteristics that are well- suited to grocery using novel, low cost designs Robotic picking is a fast-growing segment of automation with an expanding range of end- market use cases, including e-commerce fulfilment and package logistics Kindred Systems has a proven robotic picking and manipulation solution with 180 robots expected to be deployed by the end of 2020 Growing customer base of leading general merchandise retailers (Gap, American Eagle) and logistics companies, with ability to scale both in the USA and globally 1 Represents 100% of total labour cost associated with picking, packing and decanting processes at a typical six module CFC, with £420m of revenue at maturity based on an Ocado retail basket size st

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