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Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

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Page 1: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al
Page 2: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Highlights

Page 3: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Highlights

Page 4: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Highlights

Page 5: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Highlights

Page 6: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Highlights

Page 7: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Highlights

Page 8: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Business Update

Page 9: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Transaction completed on 14 May 2018

New Investor Joins Shareholder Group

Page 10: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Management Structure Confirmed

Shaikh Mohammed bin Essa Al Khalifa

Shaikh Mohammed bin Essa Al Khalifa

Mansour Ojjeh

Jonathan Neale Mike Flewitt Zak Brown Paul BuddinTo Be Confirmed

Page 11: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Targeted to be implemented in 2018

New Corporate Structure

Page 12: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

McLaren Senna GTR Revealed

Automotive

Page 13: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Production rates achieved

Automotive

Page 14: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Automotive - Global Volume Growth 2017

Page 15: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Global Volume Growth – Q1 18

Page 16: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Further new partners and the future of F1 becoming clearer

Racing

On track performance already better than 2017 Framework for F1 from 2021 revealed

New partners and renewals announced in 2018

▪▪

Page 17: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

20% Year-On-Year Growth

Applied Technologies

Delivery for 2018 on track Motorsport

AutomotiveAutomotive

Public TransportHealth

Full Year Revenue

Page 18: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Financials

Page 19: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Results

Full Year 2017

Page 20: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

FY 2017 – FY 2016 Bridge

FY 2017

Page 21: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Normalised EBITDA Bridge

Full Year 2017

Page 22: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Q4 2017

Net Debt and Liquidity

2

2

Page 23: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Results

Q1 2018

Page 24: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Q1 2018 – Q1 2017 Bridge

Q1 2018

Page 25: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Normalised EBITDA Bridge

Q1 LTM 2018

Page 26: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Q1 2018

Net Debt and Liquidity

2

2

Page 27: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Appendix

Page 28: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Group Overview

Page 29: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

One Outstanding Luxury Automotive and Technology Group

Page 30: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

McLaren has a long history rooted in racing and innovation

Page 31: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

McLaren has a long history rooted in racing and innovation

Page 32: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

World-class car platform built on a foundation of racing success

Globally recognised brand

2012 2013 2015 2016 2016 2017

Ranked #1 in car reviews of 2012Jalopnik

Dewar Trophy for Outstanding British Technical AchievementRoyal Automobile Club

China Performance Car of the YearEVO Middle East Car of the Year:

Supercar of the Year 675LT Coupé

BestPerformance Car

Auto Express New Cars Awards

Five Star AwardAUTOCAR & Evo

& Evo2012 2013 2014 2016 2015 2017

James May’s Car of the YearBBC Top Gear Magazine

Jeremy Clarkson’s Car of the YearBBC Top Gear Magazine

Supercar of the YearAUTOCAR ASEAN

Car of the YearCAR Magazine (675LT Spider)

Best Car on Sale – Best Every Day Supercar

BBC Top Gear

Performance Car of the YearBBC Top Gear & Road and Track

2012 2013 2014 2016 2016 2017

Best Sports Car Over £120,000What Car?

Hypercar of the YearBBC Top Gear Magazine

Performance Car of the YearAuto Express

Best Car on SaleAUTOCAR

Super Car of the YearOctane & Evo

2012 2013 2014 2016 2017

Car of the YearMiddle East Motor Awards

Hypercar ofthe Year

GQ

Middle East Carof the Year Awards

Best Supercar

Best of the BestRed Dot Design Award

Sport Car of the YearCAR Magazine

Page 33: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Automotive operates in four distinct segments

▪▪ ▪▪

▪▪

▪▪ ▪▪

▪▪ ▪▪

Page 34: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Q4 2017 – Financial Summaries

Page 35: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Results

Q4 2017

▪▪

Page 36: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Q4 2017 – Q4 2016 Bridge

Q4 2017

Page 37: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Summary Income Statement - Q4 2017

1

2

Page 38: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

FY 2017 – Financial Summaries

Page 39: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Summary Income Statement - FY 2017

1

2,3

Page 40: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Group Cash Flow Statement 2017

Page 41: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Reconciliation of McLaren Group and McLaren Holdings

Page 42: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Q1 2018 – Financial Summaries

Page 43: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Summary Income Statement - Q1 2018

1

2

Page 44: Highlights - Investors | McLaren Investors · New Investor Joins Shareholder Group. Management Structure Confirmed Shaikh Mohammed bin Essa Al Khalifa Shaikh Mohammed bin Essa Al

Group Cash Flow Statement 2017