Compass : Investor Factsheet (cpg fy25 investor factsheet)

COMPASS GROUP

A global leader in food services

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Contract structures

We operate in

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over 25 countries

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in North America, Europe &

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Support 14%

services

14%

We have a diverse portfolio of brands allowing us to create bespoke offers for clients

Defence, Offshore & Remote

Sports

& Leisure

6%

14%

18%

39%

Business & Industry

23%

Education

Healthcare & Senior Living

1

Significant & expanding market opportunity

Unlocking total addressable market and first time outsourcing (FTO)...

The global food services market for Compass is estimated to be worth at least $360 billion, of which we have less than 15% market share.

Large players

Self

operated c.$360bn

Regional players

By region

$bn

200

By sector

$bn

140

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Compass

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North America

International

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...offers a significant runway for long-term growth

We combine the best of both worlds: local offers at scale

Net new business is the cornerstone of our growth...

...and within our range for the fourth consecutive year

Resilient & diverse business model

Attractive long-term shareholder returns

Diverse sector portfolio

• Mostly captive locations

• Wide-ranging client base

• Largest 10 clients <10% revenue

Attractive outsourcing market Investing in future growth

• Significant FTO opportunity • Capex

• Emerging sub-sectors • M&A

• Opportunities to unlock through M&A • Technology & processes

Decentralised business

• Flexible operating models

• Local sourcing

• Entrepreneurial mindset

De-risked country portfolio

• Completed disposal programme

• Now operate in over 25 countries

• Huge opportunities in core markets

Unique competitive advantages

• Sectorised model

• Purchasing scale

• Culture & talent

We benefit from a diverse sector portfolio

Business & Industry is our best performing sector...

We operate at a significant discount vs the high street...

High quality offer at superior value to the high street

Opportunities to improve margin in both regions...

Inherent profit growth hedge

Higher revenue growth

More incremental margin

Revenue

Margin

Profit growth

> revenue growth

Revenue

Margin

Our capital allocation model remains unchanged

Strong balance sheet

Investment grade credit rating

Target net debt/ EBITDA 1-1.5x

Surplus capital

Returned to shareholders

Ordinary dividends

c.50% of underlying earnings pay out policy

M&A

Required returns > cost of capital by the end of year two

Invest in business

Capex c.35% of revenue

We are replicating our M&A blueprint in Europe

Step up in our growth algorithm...

...as we continue delivering long-term shareholder returns

Performance

Geographic financials by region

FY 2025 ($m)	North America	International	Other1	Total
Revenue	31,417	14,710		46,127
Organic growth	9.1%	7.7%		8.7%
Operating profit	2,582	904	(151)	3.335
Margin	8 .2%	6.1%		7.2%
ROCE	26.1%	15.5%		18.2%
FY 2024 ($m)
Revenue	28,581	13,595		42,176
Organic growth	10.5%	11.0%		10.6%
Operating profit	2,335	807	(144)	2,998
Margin	8.2%	5.9%		7.1%
ROCE	26.4%	18.6%		19.0%

Geographic revenue by sector

FY 2025	North America	International
Business & Industry	36%	46%
Healthcare & Senior Living	28%	14%
Education	20%	13%
Sports & Leisure	15%	12%
Defence, Offshore & Remote	1%	15%
Total	100%	100%

Notes:

Based on underlying performance at reported exchange rates unless indicated otherwise.

1. Other operating profit represents unallocated overheads.

Contact information

Agatha Donnelly

[e-mail]

Simon Bielecki

[e-mail]

Corporate Access

[e-mail]

Investor Relations

[e-mail]

Underlying cash flow

$m	FY25
Operating profit	3,335
Depreciation and amortisation	1,310
EBITDA	4,645
Net capital expenditure	(1,514)
Trade working capital	(28)
Lease payments of principal	(265)
Other	66
Operating cash flow	2,904
Net interest	(290)
Net tax	(653)
Other	14
Free cash flow	1,975
Free cash flow conversion	88%

Further information

Scan this QR code to view our investor page:

https://www.compass-group.com/en/investors

Scan this QR code to view our full suite of factsheets

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