Compass : Investor Factsheet (Compass Group PLC Investor Factsheet HY25)

HY25

A resilient leader in food services

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Operate in

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c.30 countries

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in North America, Europe & Asia-Pacific

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Contract structures

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c.580,000

people employed (as of FY24)

14%

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%

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Food and support services

Support services

s

:

1

/

3

We have a diverse portfolio of brands that allow us to create a bespoke offer for our clients

Defence, Offshore & Remote Sports & Leisure

6%

13%

20%

38%

Business & Industry

23%

Education Healthcare & Senior Living

1

Attractive market opportunity

Unlocking the total addressable market and FTO opportunity

The global food services market is estimated to be worth at least $320 billion, of which Compass

$bn

by region...

has less than 15% market share.

200

<.15%

share

Compass

Self operated

At least

$320bn

Large Players

Regional players

Significant opportunity for first time outsourcing

150

100

50

0

North

America

International

$bn

120

and sector...

FTO opportunity

c.50%

100

80

Includes vending in North America and Europe

Compass Large players

Self-operated Regional players

60

40

20

0

Business & Industry

Healthcare & Senior Living

Education Sports &

Leisure

Defence, Offshore & Remote

xx% revenues non-cyclical

Largest 10 clients <9% revenue

Resilient business model and operational flexibility

Decentralised business

• Flexible operating models

• Local sourcing

• Entrepreneurial mindset

Attractive long-term compounding shareholder returns

Unique competitive advantages

• Sectorised model

• Purchasing scale

• Culture & talent

De-risked country portfolio

• Completed disposal programme

• Now operate in c.30 markets

• Huge opportunities in core markets

Investing in future growth

• Capex

• M&A

• Technology & processes

Attractive outsourcing market

• Significant FTO opportunity

• Emerging sub-sectors

• Opportunities to unlock through M&A

Diverse sector portfolio

• Mostly captive locations

• Wide-ranging client base

• Largest 10 clients <10% revenue

Continued attractive long-term compounding shareholder returns

2

Significant growth opportunity

A diverse portfolio across many sectors

DOR

International

Sports & Leisure K-12

Senior Living

Higher Education Healthcare

Business 'office based'

Industry 'manufacturing'

Industry 'manufacturing'

Business 'office based'

DOR

Healthcare

North America

Sports & Leisure

K-12

Senior Living

Higher Education

...with mostly captive audiences and limited exposure to discretionary spending

Continued elevated net new business growth...

5.7%

4.6%

4.2%

4.4%

Target range 4-5%

c.3% p.a.

40-45%

new business wins from FTO

2015-19

FY22

FY23

FY24

HY25

...supported by a client retention rate of over 96%

Notes: FY22 net new business growth rebased to FY19 revenues due to impact of the COVID pandemic in FY21. 3

...and ongoing margin progression

Margin

Revenue

Profit growth

> revenue growth

Margin

Revenue

More incremental margin

Higher revenue growth

Inherent profit growth hedge

Generating long-term compounding returns

We're confident in our growth algorithm...

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

... and our capital allocation model remains unchanged

Invest in business

M&A

Capex c.3.5% of revenue

Ordinary dividends

c.50% of underlying earnings pay out policy

Strong balance sheet Investment grade credit rating

Target net debt/ EBITDA 1-1.5x

Required returns > cost of capital

by the end of year two

Surplus capital Returned to shareholders

4

Delivering significant returns to shareholders

>$14bn

returned to shareholders since 2014

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Ordinary dividend $7.8bn Share buyback $3.4bn Return of cash/special dividend $3.0bn

People

1

Executive leaders

• RISE

• Thrive

• Mapping for Value

2

Emerging

• 30% Club mentoring programmes

• Thrive

leaders - Impact leadership

- Consumer-led growth

• Europe and Middle East academy

• Go Fluent

• Mapping for Value

3

Multi-unit leaders

• 30% Club member programmes

• Consumer-led growth

• Mapping for Action

• Leadership labs

• Go Fluent

4

First time / - Leadership in Action

Frontline - Mapping for Action

leaders

- Leadership labs

Leadership development

Developing talent and leadership to support growth and opportunities for all

Purpose

Our climate goals

Climate net zero by 2050 46% reduction in absolute across our value chain Scope 1 and 2 GHG

emissions by 2030

28% reduction in absolute Scope 3 GHG emissions associated with the food and drink we purchase by 2030

SBTi validated science-based interim targets for 2030

5

Performance

Geographic financials by region

HY 2025 ($m)	North America	International	Other1	Total
Revenue	15,452	7,144		22,596
Organic growth	8.6%	8.2%		8.5%
Operating profit	1,289	416	(78)	1,627
Margin	8.3%	5.8%		7.2%
HY 2024 ($m)
Revenue	14,127	6,760		20,877
Organic growth	10.9%	11.9%		11.2%
Operating profit	1,165	381	(72)	1,474
Margin	8.2%	5.6%		7.1%

Geographic revenue by sector

HY 2025	North America	International
Business & Industry	35%	45%
Defence, Offshore & Remote	1%	16%
Education	23%	14%
Healthcare & Senior Living	27%	14%
Sports & Leisure	14%	11%
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]

Helen Javanshiri

[e-mail]

Simon Bielecki

[e-mail]

Corporate Access

[e-mail]

Investor Relations

[e-mail]

Underlying cash flow

$m	HY25
Operating profit	1,627
Depreciation and amortisation	618
EBITDA	2,245
Net capital expenditure	(671)
Trade working capital	(347)
Lease payments of principal	(125)
Other	59
Operating cash flow	1,161
Net interest	(132)
Net tax	(295)
Other	9
Free cash flow	743

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

Scan this QR code to view our SR report

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