www.intertek.com1

Investor Presentation

aston.swift@intertek.com+44 (0)20 7396 3412

December 2013

For further information contact:

www.intertek.com2

This presentation contains certain forward-looking statements with respect to the financial condition, results, operations and business of Intertek Group plc. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that will occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts. Nothing in this presentation should be construed as a profit forecast.

December 2013

Cautionary statement regarding forward-looking statements

www.intertek.com3

Profile

A global market leader in Quality and Safety services

Growth oriented industry and geographic exposures

Structural and cyclical drivers

Few global players with high barriers to entry

Fragmented local market in consolidation phase

Aligned to meet evolving customer demands

www.intertek.com4

27%

33%7%

16%

17%

Balanced Industry Portfolio

Commodities since 1885

Products since 1896

Industry since 1911

Consumer Goods• Textiles• Toys • Hardlines

Commercial & Electrical Electrical Automotive Wireless Building Products IT & Telecom Medical devices

Chemicals &Pharmaceuticals• Chemicals & Materials• Pharmaceuticals• Health & Regulatory

Industry & Assurance• Industry Services• Business Assurance• Food & Agriculture• Exploration &

Production

Commodities• Oil and Petrochemicals• Government & Trade

Services• Minerals

www.intertek.com5

Our Network

Working in more than

1,000laboratories and offices

In more than

100countries

Over

36,000people

www.intertek.com6

Strong Global Positioning

AmericasAsia Pacific

35%33%

Emerging Markets

36%

EMEA 32%

www.intertek.com7

Chemists Engineers Doctors Consultants Biologists Inspectors Geologists Auditors

We are We do

Testing Inspection Certification Auditing Outsourcing Advisory Training Quality Assurance

www.intertek.com8

Enduring Growth Drivers

1 Global Trade & Emerging Market Trade Growth

2 Outsourcing & Consulting Services

3 Network & Service Expansion

4 Industry Consolidation

5 Market Drivers in our Industries

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What

MarketDrivers

RegulationQuality, Safety and

Environmental standards

Supply Chain Changes

Shifting cycles, sourcing and complexity

New TechnologiesInnovation and product variety

Energy Growth & Diversity

Capex and Opex

End-User Quality Expectations & Diversity

Developed and emerging economies

Market Drivers in our Industries

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What we do for our Customers

SupportTheir products and processes in their global trade in all

quality related aspects

Protect

Reduce financial, operational,

reputational and environmental risks

Speed to MarketCut lead times

and costs without compromising qualitysafety or environment

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R&D Performance Performance Issues/Returns/

Recalls

Certification -Compliance(Tech, Env, Social)

Production Distribution

End userSupply/Value Chain

Our Strategy

...in each industry

Training

Advisory

Certification

Auditing

InspectionOutsourcing

QualityAssurance

Testing

CSR

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Quality Expectations

Established and emerging brands use quality as a foundation

Apple GE 3M

Heineken McDonalds Caterpillar

Volkswagen Bombardier Total

Cisco Philips Maersk

Nestle BASF IKEA

Unilever Hermes Bose

L’Oreal Chevron Burberry

P&G Boeing ENI

Shell Rolls Royce Marks & Spencer

Carrefour Inditex Valero

Haier Tata

Anta Reliance

Samsung Baosteel

Vale LG

Dabur Petrobras

Vestel Huawei

Big Bazaar Pertamina

PetroChina Lenovo

Matahari Hyundai

Li-Ning Joyalukkas

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For the six months to 30 June 2013

Revenue £1,085m + 9.5% at actual+ 6.3% at constant organic(2)

Operating profit(1) £158.3m + 4.0% at actual- 0.4% at constant organic(2)

Operating profit margin(1) 14.6% - 80bps at actual- 100bps at constant organic(2)

Profit before tax(1) £145.3m + 3.8%

Diluted EPS(1) 61.9p + 6.4%

Adjusted cash generatedfrom operations(1)

£123.7m + 4.7%

Financial Highlights

(1) Before separately disclosed items

(2) Growth excluding acquisitions and disposals at constant exchange rates

www.intertek.com14

Interim management statement: 19 Nov 2013

Commentary

• Minerals slowed further; Europe continued to drag; slower US Industrial inspection

• Consumer continued with strong growth

• Acquisition of Architectural Testing Inc for £59m

• Jan-Oct 2013: Total revenue growth 7.6%:Organic 4.9% + Acquisition 1.6% + Fx 1.1%

• H1 9.5% total; 6.3% organicSlower growth in last 4 months, 5% total, 3% organic

• 2H margin decline significantly better than 1H (80bps decline)

Highlights

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2007• 16 acquisitions• £100m cost

2008• 14 acquisitions• £79m cost

2009• 3 acquisitions• £29m cost

2010• 7 acquisitions• £41m cost

2011• Moody £450m cost• 4 others: £12m cost

In-fill and Strategic Acquisition summary

2012• 6 acquisitions• £45m cost

Recent Acquisition history

In-fill Acquisitions

• Add technical capabilities and IP in specific locations and industries

• Readily integrated: Usually <5 locations < 50 people per acquisition

Strategic Acquisitions (>£100m consideration )

• Bring capabilities across more than one region or industry

• New growth platforms

Track record – Acquisitions since 2007

Average annual for in-fills:£63m spend on 8 acquisitionsStrategic acquisitions: Moody, £450m in 2011

2013 YTD• 7 acquisitions• £120m cost

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Summary: Resilient Growth Platform

GLOBAL TRADE

MARKET DRIVERS

NETWORK & SERVICE

OUTSOURCING & CONSULTING

INDUSTRY CONSOLIDATION

QUALITY

COMMODITIES& MATERIALS

RETAIL & MANUFACTURED

PRODUCTS

INDUSTRY ASSETS

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Major Clients

• Oil, gas, petrochemical, power, renewable energy, civil infrastructure

• Industrial and technical inspection, supplier evaluation, asset integrity management, systems certification, health and safety and risk consulting, greenhouse gas services

• Food & Agri

33% of Group Revenue24% of Group Operating Profit

Industry & Assurance

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£m @ constant exchange H1 13 Change

Organicchange

Revenue 356.4 10.4% 8.5%

Operating profit 38.1 11.7% 7.7%

Margin 10.7% 10bps (10)bps

Industry & Assurance

• Continued high demand globally for technical inspection

• Systems Certification medium growth

• Food services growing strongly

• Agri slow due to veg oil (biofuels)

H1 13 Performance Outlook

Technical Inspection:

• Conventional energy sector strong, alternative slowing

• Increasing the opex part, NDT

Food:

• High demand for complex analytical services

Agri:

• Trade patterns more positive in second half

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Major Clients

• Cargo inspection, analytical assessment, calibration and related technical services to the world’s energy, petroleum and chemical industries

• Mine site sample preparation, lab analysis of samples, cargo inspection

• Cargo scanning, fiscal support services and product conformity programmes to Governments

27% of Group Revenue 19% of Group Operating Profit

Commodities

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£m @ constant exchange H1 13 Change

Organicchange

Revenue 295.4 5.0% 3.8%

Operating profit 30.7 (11.5)% (13.9)%

Margin 10.4% (190)bps (210)bps

Commodities

• Minerals (18% of business), decline sharper than expected, especially gold

• Oil services strong in North America, Middle East and Asia –weak in Europe

H1 13 Performance Outlook

• Expand services, labs and locations in key US areas for shale oil and gas

• Additives, blending and other value-add services increasing in Asia, Middle East and Latin America

• On going restructuring in Minerals and Oil laboratories in Europe

• Minerals continue to be weak

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• Textiles, toys, footwear, hardlines (eg furniture, sports equipment, bicycles, candles), cosmetics and retail

• Shorter time to market, brand value support to retailers with global supply chains through laboratory testing, cargo inspection, auditing and consultancy

Major Clients

17% of Group Revenue 37% of Group Operating Profit

Consumer Goods

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£m @ constant exchange H1 13 Change

Organicchange

Revenue 184.0 9.1% 8.6%

Operating profit 58.0 9.0% 8.1%

Margin 31.5% (10)bps (20)bps

Consumer Goods

• Strong growth in Softlines testing across China, India and Turkey

• Good growth in Toy testing benefitting from EU toy directive

• Continued growth in Social Compliance auditing

• Tradegood progressing to plan

H1 13 Performance Outlook

• Acquisition of E-Test in Brazil provides global network for Toy testing

• Continued benefit of EU Toy Safety Directive and other chemical regulations

• Network expansion to meet market demands for comprehensive Asian supply chain support

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Major Clients

• Home appliances and electronics, lighting, medical, building, industrial, heating, ventilation and air conditioning (HVAC), IT, renewable energy, automotive and life safety

• One stop shop to quality, safety and certification in manufacturing supply chains bringing global market access faster and at lower cost

16% of Group Revenue16% of Group Operating Profit

Commercial & Electrical

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£m @ constant exchange H1 13 Change

Organicchange

Revenue 168.0 3.9% 3.9%

Operating profit 25.3 (6.3)% (6.3)%

Margin 15.1% (160)bps (160)bps

Commercial & Electrical

• Good growth in China

• Strong growth in LED and electric vehicles

• Weak growth in Europe and Renewables

H1 13 Performance Outlook

• Good growth in Telecoms (LTE) via network carriers in new markets

• Steady growth from North America

• New Chemical Testing Centre in US for consumer and electrical products

• Additional long term growth from growing middles classes in emerging economies

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Major Clients

• Laboratory and consultancy services to chemical, pharmaceutical, oil and gas and producers of advanced materials eg; automotive and aerospace

• Health and safety and risk consulting, greenhouse gas services

• Laboratory outsourcing

7% of Group Revenue4% of Group Operating Profit

Chemicals & Pharma

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£m @ constant exchange H1 13 Change

Organicchange

Revenue 80.9 9.3% 5.6%

Operating profit 6.2 (7.5)% (15.9)%

Margin 7.7% (140)bps (190)bps

Chemicals & Pharma

• Oil performance lab in US growing well

• High demand for analytics in biologics

• Challenging market conditions in European chemicals industry

H1 13 Performance Outlook

• Chemical and some PharmaConsultancy Services in Europe continue to be weak

• Benefits of new cosmetics directive

• Acquisition of vehicle engine and oil testing lab

• Synergies in drug formulation analysis from Melbourn Scientific acquisition

www.intertek.com27

First Half Results

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Five Year Performance 2008 to 2012

Revenue Adjusted Operating Profit(1)

1,004

1,2371,374

1,749

2,054

0

275

550

825

1,100

1,375

1,650

1,925

2,200

2008 2009 2010 2011 2012

£m

165

209227

281

335

0

50

100

150

200

250

300

350

2008 2009 2010 2011 2012

£m20% CAGR 19% CAGR

67.1

81.589.4

107.2

131.2

0

20

40

60

80

100

120

140

2008 2009 2010 2011 2012

Pence

Adjusted Diluted EPS(1)

18% CAGR

(1) Before separately disclosed items

+17%+19% +22%

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Interim dividend increased by 15.4%

• Interim dividend of 15p, up 15%

• Interim pay-out of £24m

• Strong and consistent record of dividend growth

Interim Dividend Per Share

0

5

10

15

20

2009 2010 2011 2012 2013

Pence

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Divisional Performance Summary

FY 2012

£m @ constant exchange

Revenue Margin

FY 12 ChangeOrganic change FY 12 Change

Organic change

Industry & Assurance 665.6 43.3% 10.4% 11.6% 70bps 60bps

Commodities 572.3 9.0% 8.6% 13.5% 80bps 80bps

Consumer Goods 343.4 8.3% 7.3% 32.8% (120)bps (90)bps

Commercial & Electrical 318.2 8.7% 8.7% 15.9% 60bps 60bps

Chemicals & Pharma 154.8 9.9% 9.0% 11.0% 210bps 180bps

Group Total 2,054.3 18.0% 8.6% 16.3% 10bps 40bps

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£m @ constant exchange

Revenue Margin

H1 13 ChangeOrganic change H1 13 Change

Organic change

Industry & Assurance 356.4 10.4% 8.5% 10.7% 10bps (10)bps

Commodities 295.4 5.0% 3.8% 10.4% (190)bps (210)bps

Consumer Goods 184.0 9.1% 8.6% 31.5% (10)bps (20)bps

Commercial & Electrical 168.0 3.9% 3.9% 15.1% (160)bps (160)bps

Chemicals & Pharma 80.9 9.3% 5.6% 7.7% (140)bps (190)bps

Group Total 1,084.7 7.6% 6.3% 14.6% (80)bps (100)bps

Divisional Performance Summary

H1 2013

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• Adjusted cash generated from operations £123.7m; up 4.7%

• Cash holding reduced to £123.8m (2012: £160.2m)

• Net interest charge £13.0m

• Adjusted effective tax rate at 25.0%

• Capex £61.0m; 5.6% of revenue

• 4 acquisitions for £8.6m

Cash Flow, Tax & Investment

0

20

40

60

80

100

120

140

2011 2012 2013

%

H1

H2

EBITDA Cash Conversion*

H1 2011 2012 2013

Cash Conversion 56% 61% 61%

Cash Holding £m 172 160 124

* Adjusted cash from operations / adjusted EBITDA

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Mixed Market Conditions

Market Strength

• China

• Cargo and Analytical (US)

• Softlines (Asia)

• Technical Inspection Services

• Automotive Vehicles

Market Weakness

• Minerals

• Europe, particularly Chemicals

and Electrical

One off issues

• Health & Safety Training (US)

Restructuring Investment

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Restructuring Programme

• £22m restructuring programme announced with 2012 results, European focus

• £14m charged in 2012, a further £4m charged in H1 2013

• Progress

• Two business disposals

• Nine business closures completed, six planned

• Lost revenue of £2m in first half, £5m second half

• Savings building through second half and 2014

• Programme excludes on going Minerals business resizing

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+4.9%

+4.0%

Operating Profit & Separately Disclosed Items

£m @ actual exchange rates H1 2013 H1 2012

Adjusted operating profit (1) 158.3 152.2

Separately disclosed items:

Amortisation of acquisition intangibles (12.7) (15.0)

Acquisition and Project Costs (0.8) (2.9)

Restructuring costs (4.1) -

Profit on disposal 0.2 -

Statutory operating profit 140.9 134.3

(1) Before separately disclosed items

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Net Debt

£m @ actual exchange rates H1 2013 H1 2012

Borrowings 757.3 778.7

Cash (123.8) (160.2)

Net debt 633.5 618.5

Net debt to EBITDA 1.5x 1.6x