Associated British Foods Results Presentation Deck

Free cash flow Adjusted EBITDA Repayment of lease liabilities net of incentives received Working capital Capital expenditure Purchase of subsidiaries, joint ventures and associates Sale of subsidiaries, joint ventures and associates Net interest paid Taxation Share of adjusted profit after tax from joint ventures and associates Dividends received from joint ventures and associates Other Free cash flow Share buyback Dividends Movement in loans and current asset investments Cash flow 9 2023 £m 2,361 (246) (216) (1,073) (94) 4 (74) (341) (127) 107 (32) 269 (448) (345) (10) (534) 2022 £m 2,261 (275) (729) (769) (154) (97) (304) (112) 93 2 (84) (380) 196 (268) Associated British Foods plc

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