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28 July 2021 - Significantly improved performance , in line with expectations - Revenues more than trebled and adjusted EBITDA improved by £ 138m vs. H1 2020 Strong pricing dynamics for GT / Sport and > 1,500 DBXs delivered - Excellent progress with Project Horizon transformation plan £ m Total wholesale volumes¹ Revenue Adjusted EBITDA² Adjusted operating loss² Operating loss Loss before tax Aston Martin Lagonda Global Holdings plc Interim results for the six months to 30 June 2021 ● ● ● H1 2021 H1 2020 % change 2,901 895 224 % 498.8 146.0 242 % 48.8 ( 89.0 ) n.m. ( 36.0 ) ( 145.5 ) n.m. ● ( 38.0 ) ( 90.7 ) ( 159.3 ) ( 227.4 ) n.m. n.m. Q2 2021 1,548 274.4 28.1 ( 20.7 ) Q2 2020 317 57.2 ( 50.9 ) ( 78.5 ) Net debt² 791.5 751.0 791.5 751.0 ¹ Number of vehicles including specials ; 2 For definition of alternative performance measures please see Appendix ; ³ Adjusting items are detailed in note 4 of the Interim Financial Statements ( 22.7 ) ( 91.4 ) ( 48.5 ) ( 117.3 ) Financial highlights Wholesales¹ more than trebled to meet demand ; delivered > 1,500 DBXs representing over half of vehicles sold Q2 showed sequential improvement on Q1 and GT / Sports wholesales more than doubled year - on - year % change 388 % 380 % n.m. n.m. n.m. n.m. Revenue increased 242 % to £ 499m largely due to substantial growth in wholesales and strong pricing dynamics as completed supply to demand rebalance for GT / Sport in Q1 Adjusted EBITDA improved by £ 138m half - on - half to £ 49m with a 10 % margin reflecting improved trading , Specials deliveries and some initial Project Horizon efficiencies and despite a £ 5m trade debtor write down in Q2 related to legal action as announced on 22 June ; excluding this , Q2 adjusted EBITDA margin was 12 % Reduced operating loss includes D & A increase due to expanded core range , non - repeat of £ 10m furlough credits in prior year and higher brand investment Positive cashflow from operations of £ 104m ; Free cash outflow² of £ 44m , a £ 326m improvement year on - year with controlled investment aligned to financial performance and business plan deliverables Improved cash position of £ 506m ( December 2020 : £ 489m ) includes £ 77m gross proceeds from new notes issued in the period ; Net debt of £ 792m ( December 2020 : £ 727m ) Project Horizon transformation well underway Delivering compelling products Successfully achieved rebalance of GT / Sport supply to demand in Q1 , earlier than originally expected ¹ Company sales to dealers ( some Specials are direct to customer ) ² Operating cash flow less cash used in investing activities and net cash interest ; note cash interest payments are in Q2 and Q4 1 Good demand for current models ; first DBX derivative to start production in Q3 Vantage F1 edition attracting strong demand and V12 Speedster deliveries commenced Aston Martin Valkyrie on track for H2 deliveries ; Valkyrie AMR Pro deliveries to start in Q4 Successful launch of Valhalla hybrid supercar at British Grand Prix