Kingfisher Full-Year Report 2022

• Sales up 9.7% in constant currency, driven by strong demand across both retail and trade channels
• LFL sales up 9.9% and corresponding 2-year LFL* up 18.1%
− Strong performances in the UK & Ireland*, France*, Iberia* and Romania; Poland impacted by COVID-related store closures in Q1 21/22
− Transaction volume and average basket value both up on 1-year and 2-year basis
− LFL sales up 13.7% in Q4 21/22 on a 2-year basis; 1-year LFL down 1.7% and better than Q3
• E-commerce sales* up 5.3% (2-year growth up 171%); omni-channel engagement remains high
− E-commerce sales 18% of Group sales (FY 20/21 and FY 19/20: 18% and 8%, respectively)
• Retail profit up 16.7% in constant currency, driven by strong growth in UK & Ireland and France
• Statutory pre-tax profit up 33.1%, reflecting higher operating profit, and lower net finance costs and
more favourable adjusting items* before tax
• Adjusted pre-tax profit up 20.9%, reflecting higher retail profit and lower net finance costs
• Free cash flow of £385m, down 59.0% (FY 20/21: £938m; FY 19/20: £191m), largely reflecting expected reversal of inventory-driven working capital inflow in prior year
• Net decrease in cash of £237m (FY 20/21: net increase in cash of £881m), largely reflecting lower free cash flow, and outflows in relation to ordinary dividends and share buybacks
• Net debt to EBITDA* of 1.0x as at year-end (31 January 2021: 0.9x)
• Total dividend per share proposed of 12.40p (up 50.3%; FY 20/21 total dividend: 8.25p)