Page 1

FERGUSON Results for the year ended July 31 , 2021 US $ millions - Statutory financial results Revenue September 28 , 2021 STRONG PROFIT GROWTH DEMONSTRATES THE AGILITY OF OUR BUSINESS MODEL Profit before tax Total basic earnings per share Total ordinary dividend per share Alternative performance measures² Gross margin Trading profit 2 . Less impact of IFRS 16 Underlying trading profit Headline earnings per share Adjusted EBITDA³ Net debt : adjusted EBITDA4 2021 22,792 1,891 674.7c 239.4c 30.6 % 2,176 ( 77 ) 2,099 688.1c 2,266 0.6x 2020¹ 19,940 1,292 427.5c 208.2c 30.0 % 1,660 ( 68 ) 1,592 508.0c 1,760 0.6x Cash generation was solid and the balance sheet remains strong with 0.6x leverage . Continued to consolidate our markets , investing $ 335 million in seven acquisitions . - $ 1.4 billion returned to shareholders during the year via dividends and share buy backs . Change + 14.3 % + 46.4 % + 57.8 % + 15.0 % + 0.6 % + 31.1 % Highlights Revenue 14.3 % ahead of last year with accelerated market share gains . - Gross margins of 30.6 % were 60bps ahead of last year driven primarily by our ability to service our customers while managing price inflation . + 31.8 % + 35.5 % - Good cost control ensured strong underlying trading profit delivery of $ 2,099 million , up $ 507 million and significantly outpacing revenue growth with profit before tax increasing to $ 1,891 million . + 28.8 % - Final dividend of 166.5c per share , bringing total dividend to 239.4c per share , an increase of 15 % . New $ 1.0 billion share buy back announced today . - UK disposal completed in January 2021 with operations now focused on North America . Additional US listing on the NYSE established in March 2021. On track for shareholder vote on US primary listing , Spring 2022 . - Virtual investor day scheduled for December 9 , 2021 . 1. The Group disposed of its UK business on January 29 , 2021. Pursuant to IFRS requirements , the UK results have been reclassified to discontinued operations and the prior year comparative results have been restated . The Group uses Alternative Performance Measures ( " APMs " ) , which are not defined or specified under IFRS , to provide additional helpful information . These measures are not considered to be a substitute for IFRS measures and are consistent with how business performance is planned , reported and assessed internally by management and the Board . For further information on APMs , including a description of our policy , purpose , definitions and reconciliations to equivalent IFRS statutory measures see note 2 . 3. Continuing operations only , excludes the impact of IFRS16 . Adjusted EBITDA contribution from discontinued operations in the period was $ 57 million ( 2020 restated : $ 42 million ) . 4. Net debt excludes lease liabilities and Adjusted EBITDA excludes the impact of IFRS 16. Leverage ratio utilizes a trailing twelve months adjusted EBITDA for both continuing and discontinued operations . 1