Whitebread Annual Update

FY22 Cashflow: Strong trading in the year resulting in operating cash inflow £m 160.2 Operating cashflow H1 FY22 244.2 Operating cashflow H2 FY22 £m Net debt at start of year 404.4 Cash flow Debt repayment Net cash at end of FY22 Benefit of Government support: UK: £126.5m Germany: £44.3m Net (debt) / cash movement Operating cashflow FY22 (46.5) (116.9) 303.9 140.5 1: Other includes: corporate taxes, interest, other non cash, pension, disposal proceeds and acquisitions (261.0) Capex 16 43.6 1 Other 187.0 H1: £220.4m US PPS repaid H2: £83.5m US PPS repaid Cashflow before shareholder returns/ receipts and debt (303.9) Repayment of long-term borrowings Available liquidity £m Cash and cash equivalents Undrawn RCF Total Finance borrowings Lease liabilities H1 FY22: £(113.7)m outflow H2 FY22: £ (3.2)m outflow (116.9) Net Cashflow FY22 1,132.4 850.0 1,982.4 (1,000.0) (3,701.8) WHITBREAD

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