Page 1

11 November 2021 Burberry Group plc Interim results for 26 weeks ended 25 September 2021 Strong start to growth and acceleration phase " We have made strong progress in the half . Full - price sales are growing at a double - digit percentage , driving margin expansion and strong free cash generation . We are seeing an acceleration in performance in countries less impacted by travel restrictions and we remain confident of achieving our medium - term goals . I would like to thank Marco Gobbetti for his vision and leadership of Burberry's transformation . We are very excited that Jonathan Akeroyd is joining as our new CEO in April to build on the strong foundations to accelerate growth and deliver further value for our shareholders . " - Gerry Murphy , Chair ● ● H1 FY22 revenues back at pre COVID - 19 levels ( CER ) with adjusted operating profit ahead vs LLY * O Within comparable store sales growth of 1 % vs LLY * , full - price gained 18 % O Full - price performance driving gross margin and adjusted operating margin increases vs LLY * Americas , Mainland China and South Korea delivered strong double - digit growth vs LLY * while other regions were under pressure from reduced tourist levels Core product categories : leather saw double - digit growth in full - price comparable sales vs LLY with outerwear strengthening in the period New store concept driving higher - spending customer recruitment . We now have 15 stores in the new format with around 50 new concept stores planned globally by end FY22 Digital performing well with full - price sales almost doubling vs LLY * Set industry - leading commitments around climate including pledge to be Climate Positive by 2040 and upport global conservation efforts Strong cash generation with cash conversion over 100 % . Interim dividend reinstated at 11.6p , 3 % ahead of FY20 levels and recommenced the share buyback with £ 150m planned 26 Sept 25 Sept 2021 2020 878 1,213 + 37 % ( 25 % ) + 18 % Period end £ million Revenue Retail comparable store sales vs LY ** Retail full - price comparable store sales vs LLY ** Adjusted operating profit ** Adjusted operating profit margin ** Adjusted diluted EPS ( pence ) ** Reported *** operating profit Reported operating profit margin Reported diluted EPS ( pence ) 196 16.2 % 33.5 207 17.1 % 35.7p Free cash flow ** Dividend ( pence ) * LLY is compared with equivalent period in FY20 results at CER ** See page 17 for definitions of alternative performance measures *** Reported refers to statutory measures directly from the financial statements 1 104 11.6p 51 5.8 % 4.6 88 10.0 % 12.2p ( 45 ) 0.0 % change Reported FX + 38 % 3.8x 7.3x 2.4x 2,9x CER * + 45 % 4.2x 8.1x