1. 1 Business Review 6 December 2013 Annual General Meeting

2. 2 Another year of strong growth Group revenueup 9%£13.3bn Adjusted operating profitup 10%£1.185bn Adjusted earnings per shareup 13%98.9p Dividends per shareup 12%32.0p

3. 3 Substantial cash flow £m Adjusted operating profit before depreciation and amortisation1,656 Used by businesses Net capital investment Working capital (600) (97) (697) Tax(252) Net interest(97) Other(31) Free cash flow579

4. 4 Group financial strength Conservative level of debt – reduced to £804m Redemption of expensive term debt Total committed borrowing facilities of £2.4bn Well-funded pension arrangements

5. 5 This year’s business highlights  Remarkable performance by Primark  Grocery much improved  Record profit from Agriculture  AB Sugar in line with our expectations  China Sugar and Ingredients rationalisation

6. 6 1997 saw the sale of our retail supermarkets, Quinnsworth / Crazy Prices in Eire and Stewarts in Northern Ireland

7. 7 Development over 15 years 19982013 Sales£m4,19513,315 Adjusted operating profit£m3161,185 Adjusted earnings per sharep31.798.9 Employees32,700112,700 Dividends per sharep10.532.0 Share pricep5072,252* * as at 5 December 2013

8. 8 Group operating profit 1998-2013

9. 9 Sales 1998

10. 10 Sales 2013

11. 11 Profit 1998

12. 12 Profit 2013

13. 13 ABF locations 1998

14. 14 …and in 2013

15. 15 Sugar production 19982013 4.54m tonnes1.76m tonnes

16. 16 Investment in co-products

17. 17 Grocery brands 1998

18. 18 Grocery brands

19. 19 Grocery brands 2013

20. 20 Walthamstow investment 1998

21. 21 Walthamstow 2013

22. 22 Primark development 19982013 Sales£m2954,273 Operating profit£m23514 Capital employed£m972,034 Number of stores84266 Retail selling space‘000 sq ft1,2349,421 Average store size‘000 sq ft1535 * * * * as at 5 December 2013

23. 23 Primark increasing footprint 199820062009201010 days’ time Now

24. 24 Primark stores Dublin 1998 Manchester 2013

25. 25 Store design Hackney 1998 Newcastle 2013

26. 26 Store design 19982013

27. 27 “One day I’ll be big in retail.” Garry Weston 1997