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OCADO GROUP PLC Further strong progress supporting our partners Full Year results for the 52 weeks ended 29 November 2020 9 February 2021 Financial highlights • 35 % Retail Revenue growth , reflecting strong demand for online grocery in the UK • • • Fees invoiced to International Solutions partners of £ 123.9 million , up over 52 % , bringing the total of unrecognised fees to £ 256m International Solutions revenue includes the first capacity - related fees from the successful opening of first international Customer Fulfilment Centres ( " CFCs " ) for Groupe Casino and Sobeys “ Other ” includes £ 7.9m of non - recurring costs attributable to FX charges and other costs relating to the acquisition of Kindred Systems and Haddington Dynamics • Group EBITDA was £ 73.1 million , reflecting the strong revenue growth and operational gearing at Ocado Retail offset by a negative contribution from International Solutions • UK Solutions & Logistics EBITDA was lower due to investment in more capacity and technology • Loss before tax was £ ( 44.0 ) million • • Funding position strengthened to £ 2.1 billion following the £ 600 million convertible bond issue in December 2019 , and £ 1 billion convertible bond and share placing in June 2020 We continued to invest for faster growth ; in facilities for our clients , and in improving our platform and capabilities Revenue £ m FY 2020 FY 2019 Change vs FY 2019 % Retail * 2,188.6 1,618.1 35.3 % UK Solutions & Logistics * 654.3 576.0 13.6 % International Solutions * 16.6 0.5 Inter - Segment & Other ( 527.7 ) ( 438.0 ) Group³ 2,331.8 1,756.6 32.7 % EBITDA Retail * 148.5 40.6 265.8 % UK Solutions & Logistics * 1 44.4 72.1 ( 38.4 ) % International Solutions * 1 ( 83.3 ) ( 54.9 ) ( 51.7 ) % Other * 1 ( 36.5 ) ( 14.2 ) ( 157.0 ) % Group * 4,5 Exceptionals² 73.1 43.3 68.8 % 104.6 ( 94.1 ) Loss before tax ( 44.0 ) ( 214.5 ) Capital Expenditure 525.6 260.7 Cash and cash equivalents and 2,076.8 750.6 treasury deposits Net cash and treasury deposits * 671.6 142.4 Notes : 1. Other excludes eliminations of £ ( 0.3 ) million in FY 2019. Prior year segmental EBITDA for the UK Solutions & Logistics , International Solutions and Other segments re - presented following a review and re - allocation between segments of Group administration costs . Nil impact on Group and Retail EBITDA . See note 2.1 in the condensed financial statements . 2. Primarily due to Andover fire with £ 99.9 million net insurance reimbursement recognised in the year for rebuilding the CFC and business interruption * These measures are Alternative Performance Measures , refer to the section " Alternative Performance Measures " in the condensed financial statements . See page 4 for Notes Continued 1