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Annual General Meeting

Annual General Meeting. Business Review 6 December 2013. Another year of strong growth. Substantial cash flow. Group financial strength. Conservative level of debt – reduced to £804m Redemption of expensive term debt Total committed borrowing facilities of £2.4bn

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Annual General Meeting

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  1. Annual General Meeting Business Review 6 December 2013

  2. Another year of strong growth

  3. Substantial cash flow

  4. Group financial strength Conservative level of debt – reduced to £804m Redemption of expensive term debt Total committed borrowing facilities of £2.4bn Well-funded pension arrangements

  5. This year’s business highlights • Remarkable performance by Primark • Grocery much improved • Record profit from Agriculture • AB Sugar in line with our expectations • China Sugar and Ingredients rationalisation

  6. 1997 saw the sale of our retail supermarkets, Quinnsworth / Crazy Prices in Eire and Stewarts in Northern Ireland

  7. Development over 15 years * as at 5 December 2013

  8. Group operating profit 1998-2013

  9. Sales 1998

  10. Sales 2013

  11. Profit 1998

  12. Profit 2013

  13. ABF locations 1998

  14. …and in 2013

  15. Sugar production 1998 2013 1.76m tonnes 4.54m tonnes

  16. Investment in co-products

  17. Grocery brands 1998

  18. Grocery brands

  19. Grocery brands 2013

  20. Walthamstow investment 1998

  21. Walthamstow 2013

  22. Primark development * * * * as at 5 December 2013

  23. Primark increasing footprint 10 days’time 1998 2006 2009 2010 Now

  24. Primark stores Dublin 1998 Manchester 2013

  25. Store design Newcastle 2013 Hackney 1998

  26. Store design 1998 2013

  27. “One day I’ll be big in retail.” Garry Weston 1997

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