Results Presentation

Full year ended 30 September 2021

Thursday, 18 November 2021

Paul Zwillenberg, CEO

Tim Collier, CFO

Disclaimer

Certain statements in this presentation are forward looking statements. Those statements can be identified by the fact that they do not relate only to historical or current facts. Those forward-looking statements and statements which contain the words "anticipate", "believe", "intend", "estimate", "expect" and words of similar meaning, reflect the Group's Directors' beliefs and expectations. By their nature, forward-looking statements involve a number of risks, uncertainties or assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties or assumptions could adversely affect the outcome and financial effects of the plans and events described herein. DMGT believes factors that could cause actual financial condition, performance or other indicated results to differ materially from those indicated in forward-looking statements in the presentation include, without limitation, the ongoing effects of the Covid-19 pandemic; the policies and actions of governmental and regulatory authorities in the jurisdictions in which DMGT operates; the actual or anticipated political, legal and economic ramifications of the UK's withdrawal from the European Union; economic, political, social or other developments in jurisdictions and markets in which DMGT operates; the impact of competition, and other changes in trading conditions. Forward-looking statements contained in this presentation regarding past trends or activities should not be taken as representation that such trends or activities will continue in the future. You should not place undue reliance on forward-looking statements, which apply only as of the date of this presentation. DMGT undertakes no obligation to release any update of, or revisions to, any forward-looking statements, opinions (which are subject to change without notice) or any other information or statement contained in this presentation.

This presentation does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase any shares in the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment or investment decisions relating thereto, nor does it constitute a recommendation regarding the shares of the Company. Past performance cannot be relied upon as a guide to future performance.

© 2021 DMGT

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Introduction

Paul Zwillenberg, CEO

Agenda

Introduction

> Paul Zwillenberg, CEO

Offer, financial performance and business update

> Tim Collier, CFO

Strategy review

> Paul Zwillenberg, CEO

© 2021 DMGT

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Full Year 2021 overview

Strategy has created substantial value

£1,542m pro forma net cash¹ position following significant portfolio activity

  • Portfolio reshaped: RMS sale, Hobsons sale, Cazoo Group listing, New Scientist acquisition
  • Organic investment paying off
  • DMGT's stake in Cazoo Group worth £763m² at year end

Group performance satisfactory: varied dynamics across portfolio

  • Property Information delivered good growth; Landmark benefitted from high UK residential transaction volumes
  • Events and Exhibitions experienced significant underlying declines due to Covid restrictions
  • Consumer Media performed well; Metro severely affected by lower commuter volumes
  • Continued real dividend growth: +3% to 24.9p full year, future dividend policy withdrawn

Notes: (1) Pro forma net cash excludes £37m of lease liabilities in respect of the adoption of IFRS 16, the lease accounting standard.

© 2021 DMGT

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  1. Value of £763m as at 30 September 2021, based on a Cazoo Group share price of US$7.77 and an exchange rate of US$1.35. Value of £975m, based on a Cazoo Group share price of US$10.01 and an exchange rate of US$1.3611, as per the announcement on 3 November 2021 of the recommended cash offer for DMGT.

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DMGT - Daily Mail & General Trust plc published this content on 18 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2021 07:21:06 UTC.