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6 May 2021 £ m Total wholesale volumes¹ Revenue Adjusted EBITDA² Adjusted operating loss² Operating loss Loss before tax ● ● Aston Martin Lagonda Global Holdings plc First quarter results for the three months to 31 March 2021 - Q1 trading in line with expectations - Successfully completed supply to demand rebalance for GT / Sport - Excellent progress with Project Horizon transformation plan ● ● ● Q1 2021 1,353 224.4 20.7 ( 15.3 ) ( 15.3 ) ( 42.2 ) Q1 2020³ 578 88.8 ( 38.1 ) ( 67.0 ) Net debt² ( 722.9 ) ( 956.1 ) ¹ Number of vehicles including specials ; 2 For definition of alternative performance measures please see Appendix ; ³ Relevant 2020 comparatives have been restated throughout this document for the correction of an error as reported in the 2020 Interim Financial Statements ( 29 July 2020 ) Financial highlights ( 67.9 ) ( 110.1 ) % change 134 % 153 % n.m. n.m. n.m. n.m. Wholesales¹ more than doubled as delivered to meet demand , DBX represented 55 % of units Revenue increased 153 % to £ 224m principally due to wholesale growth and stronger pricing dynamics as dealer GT / Sport stock reduced as planned Adjusted EBITDA of £ 21m with 9 % margin reflecting improved trading and some initial cost efficiency benefits ; Operating loss includes D & A increase year - on - year , as guided , reflecting expanded core range Project Horizon transformation well underway Successfully achieved rebalance of GT / Sport supply to demand , earlier than originally planned Vantage F1® edition well received by customers , first of more than 10 new vehicles to be launched by 2023 ; DBX derivative on track for Q3 Positive free cashflow² of £ 24m includes a working capital inflow of £ 49m , capital expenditure of £ 48m as invest in future product pipeline and reflects timing of interest payments Improved cash position of £ 575m ( December 2020 : £ 489m ) included £ 77m gross proceeds from new notes issued in March ; Net debt of £ 723m ( December 2020 : £ 727m ) ¹ Company sales to dealers ( some Specials are direct to customer ) ² Operating cashflow less capital investment and net cash interest ; note cash interest payments are in Q2 and Q4 1 Initial manufacturing efficiencies actioned improving performance at both Gaydon and St Athan , benefits to build through 2021 Aston Martin Valkyrie and V12 Speedster assembly relocated to Gaydon , consolidating all sports manufacturing in one location ; Aston Martin Valkyrie on track for first deliveries in H2 Strengthened European dealer network including key new appointment in Germany Leadership team enhanced further with experienced hires in both commercial and technical functions Aston Martin Cognizant Formula OneTM Team driving brand awareness ; digital reach of c.135m in first week for AMR21 launch and increased website traffic