Associated British Foods Results Presentation Deck

Revenue £m Adj. operating profit £m Margin ROACE ■ Retail ■ 27 2023 9,008 735 8.2% 12.0% 2022 7,697 756 9.8% 12.9% Change actual fx +17% -3% Change constant fx +15% Like-for-like sales growth of 8.5%, space growth contributing 6% ▪ Price strategy to partially mitigate inflation ▪ Extension of product range with premium essentials, collaborations and licensing Strongly performing new stores with higher sales densities Delivery of roadmap continues with two new markets and US expansion ▪ Digital investment continues -3% SIF MANGO Associated British Foods plc

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