Asos Results Presentation Deck

Gross Margin Distribution Costs Warehouse Marketing Other Costs Depreciation FY19 % of sales 48.8% (15.2%) (11.0%) (4.4%) (14.3%) (2.6%) Operating costs FY18 % of sales 51.2% (15.8%) (10.0%) (4.4%) (14.5%) (2.3%) Change (240bps) 60bps (100bps) Obps 20bps (30bps) BEECKERS DARK FUTURE asos

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