WPP Investor Day Presentation Deck slide image

WPP Investor Day Presentation Deck

4 2020 OUT-TURN AND INITIAL 2021 GUIDANCE 2020 Q4 CURRENT TRADING • LFL revenue less pass-through costs -6.7% Oct/Nov 2020 • -8.4% YTD ● • Full year outcome expected to be in line with YTD performance • Headline operating margin 12.5-13.0% ● ● Year-end net debt around £1.6 billion, continued working capital focus 2021 OUTLOOK Mid-single-digit growth in LFL revenue less pass-through costs • Returning to growth in Q2 Headline operating margin 13.5-14.0% • Net finance costs similar to 2020 Pre-associates tax rate c 24%, rising c. 0.5% annually • Capex £450-500 million ● ● ● WPP 80
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