LSE Results Presentation Deck

Costs, margins and synergies all in-line, or ahead of target WALSEG DICTUM HEVE FACTUR Strong 2021 margin performance; 190bp margin expansion □ On track to achieve >50% margin target on an exit basis by end-2023 □ Delivered 2021 cost guidance; 2022 and 2023 unchanged. □ Outperformance on cost synergies in 2021 Additional £50m of cost synergies identified; £400m total programme No change to Capex guidance; £650-700m of business as usual capex in 2022 and 2023, tapering thereafter 28

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