Ocado Results Presentation Deck

UK Solutions & Logistics: progress reflects client capacity growth £ million Fee revenue Cost recharges¹ Revenue EBITDA FY 2021 149.7 560.7 710.4 68.5 FY 2020 117.1 537.2 654.3 44.4 Change 27.8% 4.4% 8.6% +24.1m Strong fee growth with the opening of three new CFCs in Bristol (Q1), Andover (Q3) and Purfleet (Q4) and the return of Morrisons to Erith. All new CFCs showed strong early ramp ups, with total potential CFC capacity now over 750k OPW (of which 600k Ocado Retail) Cost recharges grew slightly ahead of growth in total volume throughput (+4%) reflecting higher costs as new sites ramp to full efficiency and investments made in labour incentives, partially offset by improving efficiencies Note: (1) Cost recharges include cost recharges to Ocado Retail of £447.8m which eliminate on consolidation Productivity (UPH) at CFCs launched in 2021 is approaching or ahead of mature site UPH Engineering costs (included in distribution costs) down 36% on a cost per each basis at Erith, progressing towards target and ahead of plan, despite the operational disruption as a result of the fire. Engineering costs at Bristol are in line with Erith less than a year after opening Ⓒ2021 Ocado Group plc. All rights reserved. 12

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