Asos Results Presentation Deck

Accounting, Technical & Funding Technical → Capex reducing to c.£150m following warehouse investment → Interest charge expected to be low single digit million → Accounting policies reviewed and some small asset impairments taken in year → IFRS 16 expected to reduce PBT by low single digit million and increase EBITDA margin c80bps Brexit preparations well advanced MA $ Funding platform £350m RCF DARK FUTURE Standard covenants 80bps 5 year margin term → Appropriate headroom and balance sheet flexibility asos

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