Ocado Results Presentation Deck

Strong cash position supports our significant growth plans £1.5bn: healthy liquidity position to meet existing commitments and deliver future growth in the near term Investing for growth 2,077¹ FY20 Cash position Operating cash flow reflects growing scale of the business 61 107 EBITDA (135) Strong performance in Retail, and growth in unrecognised OSP partner fees partly offset by a net increase in working capital due to increased trading volumes in Retail (49) Contract Other liabilities working Capital Other 588 (691) Net financing2 (190) Proceeds from £500m SUN (offset by £225m SSN redemption) and drawdown of treasury deposits not formerly in cash to fund investments in OSP roll out and development, including Kindred and Haddington acquisitions completed after year end 71 Note: (1) including £370m of treasury deposits, not recognised in cash (2) inclusive of £370m drawdown of treasury deposits Capex Acquisitions Other 1,469 1,828 FY21 FY21 Cash Gross position debt 360 FY21 Net Debt Ⓒ2021 Ocado Group plc. All rights reserved. 15

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