Investor Presentation May 2022

Inchcape Capital allocation policy: highly attractive and disciplined Cumulative 2016 to 2021 01 Invest in the business Capex for organic growth and technological investment 02 Dividends 03 Value accretive M&A Disciplined Policy: 40% annual payout of basic EPS (pre-exceptionals) approach to valuation 04 Share buybacks Consider appropriateness of share buybacks a new £100m buyback £400m capex spend (<1% of sales) £470m of dividends £620m of distribution acquisitions £370m of share buybacks Strong balance sheet Net debt to EBITDA of max 1x (pre IFRS16) 8

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