USL Strategy Refresh

WHERE WE ARE TODAY.. Transformation & setting Profitable Growth runway for the future Transformed reputation Total NSV 2.8% CAGR P&A NSV 6.4% CAGR DIAGEO Big shifts in talent & culture EBITDA % 16.6% 14.3% 12.5% 11.4% 9.7% 6.0% 11.6% F15 F16 F17 F18 F19 F20 F21 F15 F16 F17 F18 F19 F20 F21 F15 F16 F17 F18 F19 F20 F21 5320 Cr >90% 443 Cr Debt Reduction FY 2015 Q2 FY22 WELL PLACED TO SHIFT GEAR... 2

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